Today’s daily news for download covering national, international, sports and economics current affairs. Important news has been decoded for better understanding from PIB, Indian Express, The Hindu among others.
Today’s National News Current Affairs – 4 February 2017
☀ Two states – Punjab and Goa are polling today. The 117-member Punjab and 40-member Goa state Assemblies will be elected by voters amid tight security.
☀ In Nagaland mobs led by the Nagaland Tribes Action Committee (TAC), are protesting 33 per cent reservation for women in urban local bodies. The protesters have blocked the highway between Dimapur and Kohima yesterday, after which parts in both cities remained under curfew. Nagaland Chief Minister TR Zeliang met Governor PB Acharya and discussed the situation.
Why are Nagas opposing reservation for women in Local Bodies?
Traditional tribal bodies like Naga Hoho say that the reservation for women infringes upon the traditions and customary laws of the state. Article 371 (A) of the Constitution says Naga customary laws and traditions have been protected under it.
What does the Article 371 (A)?
Article 371(A) of the Indian Constitution (Special provision with respect to the State of Nagaland) states, “Notwithstanding anything in this Constitution, (a) no Act of Parliament in respect of (i) religious or social practices of the Nagas, (ii) Naga customary law and procedure, (iii) administration of civil and criminal justice involving decisions according to Naga customary law, (iv) ownership and transfer of land and its resources, shall apply to the State of Nagaland unless the Legislative Assembly of Nagaland by a resolution so decides.”
Note that: Civic elections in the state have not been held since Article 243(T) of the Constitution, which provides for 33 per cent reservation for women in local bodies, came into force in 1993.
☀ The Supreme Court has asked the government to prepare a comprehensive policy to eradicate leprosy from the country. A three-judge bench, headed by Chief Justice JS Khehar, had earlier asked the Centre and state governments to apprise it of the steps taken to eradicate and curb leprosy. The bench was hearing a PIL filed by an advocate, it criticised authorities for their apathy in eradicating leprosy, saying despite it being curable, the disease still remains a stigma.
Note that: Leprosy affects over 1 lakh 25,000 people in the country annually.
☀ The Central Board of Secondary Education (CBSE) has said, the National Eligibility-cum-Entrance Test (NEET) Under Graduate 2017 for admission to medical colleges across the country will be considered as the first out of the 3 available attempts for all candidates. The Medical Council of India has clarified that the attempts made by candidates for All India Pre-Medical Test/NEET prior to 2017 should not be counted.
☀ Ministry of Railways and Ferrovie Dello Stato Italiane Group (FS Group)- a Government Company of Italy managing the Italian railway sector -have signed an MoU for technical cooperation in rail sector especially in the areas safety in train operations.
- The cooperation areas includes safety audit of Indian Railways measures required for enhancing safety in train operation, Assessment and certification of advanced technology based safety products and systems to Safety Integrity Level (SIL4), Training and competency development with focus of safety, Modern trends in Maintenance and diagnostic etc.
Note that : Ferrovie Dello Stato Italiane Group (FS Group) is a fully owned company of the Italian Government working in the Railway Sector and is under Ministry of Treasure, Itlay. This group comes with its technical and managerial railway expertise, and is widely recognized at international level, as one of the most advanced worldwide player in fields of – design and realization of High Speed and Conventional Lines, Safety Systems, Certification, Training and Operation and Maintenance.
Important International Current Updates – 4 February 2017
☀ NASA’s Juno spacecraft has made its 4th flyby over Jupiter’s mysterious cloud tops. At the time of its closest approach (aka perijove), Juno was at about 4,300 km above the planet’s cloud tops.
- The Juno spacecraft – named after the Roman goddess and wife of Jupiter.
- Juno was launched in 2011 on a mission to study Jupiter’s composition and evolution.
- It’s the first spacecraft to orbit Jupiter since Galileo. It entered Jupiter’s orbit after a five year journey.
- The primary goals of the $1.1 billion mission is to find out whether Jupiter has a solid core, and whether there is water in the planet’s atmosphere.
- At the end of its mission, Juno will dive into Jupiter’s atmosphere and burn up — a “deorbit” maneuver.
- Juno is the first spacecraft to cruise this far out into the solar system powered solely by the sun, beating Europe’s Rosetta spacecraft.
☀ The United States has imposed new sanctions on Iran following its recent ballistic missile test. The sanctions target 13 people and 12 companies, including groups in China, Lebanon and the United Arab Emirates. The US Treasury Department’s Acting Sanctions Chief, John Smith said that Iran’s continued support to terrorism and development of its ballistic missile programme pose a threat to the region, the United States and its partners worldwide.
Daily Economics Current Affairs – 4 February 2017
☀ In a step aimed at preventing loss-making banks from defaulting on coupon payments on bonds, RBI has allowed banks to use their statutory reserves to pay coupons on Basel-III Additional Tier-I (AT1) instruments.
- AT1 bond is a combination of debt and equity — raised to boost capital adequacy ratio.
- Generally, Interest on AT1 bonds is paid provided banks have adequate profit to service them.
- Previously, Indian banks were previously required to make coupon payments on AT1 instruments from either their profits or from revenue reserves.
- But the RBI’s push for banks to recognise problem loans has led to a deterioration in profitability and depletion of distributable reserves over the last two years. Also, banks will require about $90 bn in new total capital by the financial year 2019 to meet Basel-III norms, with around 30 % of this to be met through AT1 issuance.
☀ India’s gold demand has fallen to a seven-year low in 2016 and post demonetisation there has been a sharp decline in smuggling, which has further aided this trend. This data is compiled by the global miners’ body World Gold Council (WGC) showing India’s gold demand at 675.5 tonnes in 2016, which is 21.2 % lower than 857.2 tonnes in 2015.
4 February 2017 – Important Sports Current Affairs
☀ Indian cueist Pankaj Advani has won the Indian National Snooker Championship in Pune to register his 29th national title.
- With this, Pankaj Advani becomes the only Indian men’s cueist to hold all national billiards and snooker titles at the same time.
- He is already the only player in the world to win world titles in all formats of billiards and snooker.
We hope this compilation was useful for going through today’s important news. Please share your comments with us. Have a Good Day!
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