26 & 27 April 2017 Current Affairs : Options trading allowed by SEBI, Joint doctrine for defence, K Vishwanath wins Dadasaheb Phalke award

///26 & 27 April 2017 Current Affairs : Options trading allowed by SEBI, Joint doctrine for defence, K Vishwanath wins Dadasaheb Phalke award

This Daily Current Affair Capsule is a brief collection of important news from national dailies and government releases on PIB useful for UPSC IAS, CDS, SSC CGL, NDA, etc. It covers national, international, economic, sports news.


National Important Current Affairs – 26 & 27 April 2017

■ To update the defence of our country along with the changing nature of war, the ministry of defence has released the Joint Doctrine of Armed Forces stressing on the need for synergy amongst the three Services namely Army, Airforce and Navy. 

  • This is second in the series after its first version was earlier released in 2007. This doctrine includes the lessons learnt in past decade.
  • The Joint Doctrine will serve as a cornerstone document for application of Military Power in a synergized manner across all the domains of conflict.
  • Taking the strategic scenario into account, the doctrine has said India will have to have deterrent capabilities to protect its interests on the Line of Actual Control(LAC) facing China and Line of Control(LOC) with Pakistan.
  • The document also mentioned proxy war in Jammu and Kashmir and volatile situation in Af-Pak region is another major challenge for India.
  • Radicalisation of youth in some states through social media was another contemporary challenge facing national security, the document has said adding management of digital environment is priority area.
  • The doctrine also about establishment of the “Defence Cyber Agency”, “Defence Space Agency” and “Special Operations Division”.



■ Union Finance Minister Arun Jaitley has stated that the Central Government has no plan to impose any tax on agricultural income. This comes in wake of panic created by NITI Aayog’s Report entitled ‘Income tax on Agriculture Income’. Clearing any confusion on the subject, the Minister has said, as per the Constitutional Allocation of Powers, the Central Government has no jurisdiction to impose tax on agricultural income.


■  Renowned filmmaker and actor Kasinadhuni Viswanath, best known for his award-winning movies in Telugu, Tamil and Hindi, has won the Dadasaheb Phalke award for the year 2016 for his contribution to the film industry. He is a recipient of the Padma Shri in 1992. The Andhra Pradesh government has also previously honoured him with 20 Nandi awards.

  • K Vishwanath will be the 48 recipient of the award, the highest recognition in Indian cinema, which consists of a golden lotus, a cash prize of ₹10 lakh and a shawl.


■ The Labour Ministry has proposed the draft Child Labour (Prohibition and Regulation) Amendment Rules, 2017 to regulate the working conditions for child artistes and for employing children in family enterprises.

  • A child artiste will not be allowed to work for more than five hours a day, a child “assisting” in a family business can only work for three hours a day.
  • Children will be allowed to assist their family in running family enterprises “without affecting” their school education.
  • The family would include parents, real siblings, and “real brother and sister of the parents”.
  • At least 20% of the income earned by the child artiste will be required to be deposited in a fixed deposit account “in a nationalised bank”. The money would be credited to the child after she turns 18.
  • The permission of the district magistrate would be mandatory for engaging a child artiste. The production unit must nominate a person, who would be held responsible for the safety and security of the child artiste.

Note that:  The Child Labour (Prohibition and Regulation) Amendment Act, 2016, has put a blanket ban on employment of children below 14 years of age. However, it had made two exceptions in favour of child labour : children could work as child artistes (in the entertainment sector), and could “help” in their family enterprises.


■ Environment Activist Prafulla Samantara has become one of the six winners of the Goldman Environmental Prize for 2017. He is being felicitated for his historic 12-year legal battle that affirmed the indigenous Dongria Kondhs’ land rights and protected the Niyamgiri Hills from a massive, open-pit aluminum ore mine.

  • About Goldman Prize: The annual prize awarded by the Goldman Environmental Foundation honours grassroots environmentalists, who risk their lives to protect the environment and empower those who have the most to lose from industrial projects that threaten their traditional livelihoods.
  • Six Indians have won this award so far — Medha Patkar, M.C. Mehta, Rasheeda Bi, Champaran Shukla, Ramesh Agrawal and Prafulla Samantara.
About Dongria Kondhs:

The Dongria Kondh live in southwestern Odisha and are one of India’s “particularly vulnerable tribal groups.”

They are believed to be from the Proto-Australoid ethnic group. Their native language is Kui, which is a Dravidian language written with the Odia script.

They traditionally have a subsistence economy based on foraging, hunting & gathering but they now primarily depend on a subsistence agriculture i.e. shifting cultivation or slash and burn cultivation or Podu.



■ The Centre will launch a scheme called IDEAS (Innovations for Development of Efficient and Affordable Systems), for students from higher educational institutions to volunteer to offer innovative, original and practical solutions to various problems facing the country. They will be rewarded for their efforts. 

  • The Human Resource Development Ministry has identified the following problem areas – affordable healthcare, computer science and ICT, energy (making solar/renewable resources cheaper, energy efficiency, etc.), affordable housing, healthcare, agriculture, education, water resources and river systems, affordable infrastructure, defence, cybersecurity and information security, and environment and climate change.
  • Under each of these above fields, 10 problem statements will be prepared and widely publicised. All higher educational institutions will be eligible and encouraged to participate, but participation of IITs, NITs and CFTIs will be mandatory.
  • The scheme will invite students to find solutions to problems in these fields — and offer a prize of Rs 1 crore to the best solution in each field.


■  Uttar Pradesh government has announced financial assistance of 30 lakh rupees to the kin of each martyr in the naxal attack in Sukma. Two jawans, one each from Etah and Muzaffarnagar districts of the state were martyred in one of the deadliest attacks by naxals in Sukma district of Chhattisgarh.


International Current Affairs Capsule – 26 & 27 April 2017

 China has launched its first indigenously-built aircraft carrier, boosting its military presence amid rising tensions in the region. It is the country’s second aircraft carrier, after the Liaoning, and the first to be made domestically.

■ A Judge of San Francisco has blocked President Trump’s executive order to withhold federal funds from sanctuary cities as punishment for harboring illegal immigrants.

  • A sanctuary city is one that limits its co-operation with the government to help people, who are in the country illegally, avoid deportation.
  • In a ruling, District Judge barred the administration for any attempt to implement the January order. The White House has criticized the ruling.


■  In Thailand, a new Criminal Procedure Code that allows police to intercept communication under certain conditions has  been approved by the Cabinet. It aims to give police the authority to wiretap communication, which is a part of the latest security measure rolled out by the military government which took power following a 2014 coup.

■ US military has started deploying the THAAD missile defence system in South Korea, amid high tensions over neighbouring North Korea’s nuclear and missile ambitions. China has expressed its serious concern about the move.

  • The THAAD system is designed to protect against threats from Pyongyang. US has, in recent days, has deployed warships and a submarine to the Korean peninsula.


Economics Today’s Current Affair Capsule – 26 & 27 April 2017

■ Capital market regulator, SEBI has allowed options trading in commodity derivatives. It as a step towards further deepening the commodities derivatives market. SEBI’s board also approved issuance of unified license to brokers for trading in equities and commodities markets.

■  In order to facilitate inbound and outbound mergers, the Reserve Bank of India has unveiled draft regulations relating to merger, demerger, amalgamation and arrangement between Indian companies and foreign companies under the Foreign Exchange Management (Cross Border Merger) Regulations, 2017.

■  The Cell for IPR Promotion and Management (CIPAM) in collaboration with the International Trademark Association (INTA) has kicked off the IPR Awareness campaign for schools across the country.


  • The National Intellectual Property Rights (IPR) Policy, is a significant move forward to encourage creativity and stimulate innovation in the country. The Outreach and Promotion is the first and foremost objective of the National IPR Policy. It is critical to shaping an IP environment that is conducive to fostering creativity & innovation in the country.




■ Jonathan Demme, the eclectic movie director best known for thriller The Silence of the Lambs to documentaries on leading musicians, has died of complications from esophageal cancer at age of 73 years. He directed the ground-breaking AIDS movie Philadelphia which was the first mainstream Hollywood movies to tackle the AIDS crisis.

About the Silence of the Lambs : It was released on February 14, 1991, and grossed $272.7 million worldwide against its $19 million budget. It was only the third film, to win Academy Awards in all the top five categories: Best Picture, Best Actor, Best Actress, Best Director, and Adapted Screenplay. It is also the first (and so far only) Best Picture winner widely considered to be a horror film.


“Current Affairs Questions for UPSC IAS Prelims”

Q1. What is the theme of the 2017 World Intellectual Property Day (WIPD)?

  • A) Digital Creativity: Culture Reimagined
  • B) Creativity – The Next Generation
  • C) Innovation – Improving Lives
  • D) Green Innovation

Q2. The 15th edition of Indo-French naval exercise ‘Varuna’ has started in which of the following sea ports?

  • A) Port of Quilon
  • B) Visakhapatnam Port
  • C) Kochi Port
  • D) Toulon port


O3.  Which country has appointed Hana Khatib as first female judge in its Muslim sharia court system?

  • A) Iran
  • B) Israel
  • C) Palestine
  • D) Iraq


Answer these questions in the comments below.  Have a Good Day!

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