Here’s your daily summary of Current Affairs.
Lok Sabha passes Indian Institutes of Management Bill, 2017
The Lok Sabha on 28th July passed the Indian Institutes of Management Bill, 2017 by voice vote. The Bill seeks to declare certain Institutes of Management to be the institutions of national importance with a view to empowering these institutions to attain standards of global excellence in management, management research and allied areas of knowledge. Replying to a debate on the bill, Human Resource Development Minister, Prakash Javadekar said that the legislation will empower the existing 20 Indian Institute of Management, IIMs to grant the degree to the students. He said the aim of the bill is to grant autonomy and freedom to these best institutes to conduct their academic affairs and for better functioning in the field of education and research.
NITI Aayog clears six proposals for high-tech public transport
The NITI (National Institution for Transforming India) Aayog has approved 6 transport proposals of the Transport Ministry exploring options to improve public transport. It includes high-tech mass rapid transportation technologies such as metrino, hyperloop, pod taxis, stadler buses, hybrid buses and freight railroad. The proposals of the Transport Ministry were approved with a condition that the transport ministry conducts a trial run of all these technologies and puts in place the safety measures before starting operations commercially. Following the go-ahead from NITI Aayog, the transport ministry has formed a six member committee, headed by the former top official of Railways, to study safety parameters associated with these technologies and their best global practices.
Pak PM resigns after SC disqualifies him on corruption charges
Pakistan Prime Minister Nawaz Sharif has resigned from his post after the Supreme Court disqualified him in the Panama Papers case today. Mr. Sharif, his daughter, and two sons have been engulfed by corruption charges as pointed in Panama Paper leaks last year. The scandal revealed that Nawaz Sharif’s sons, Hassan Nawaz and Hussain Nawaz and his daughter Maryam Nawaz owned offshore companies which managed their family’s properties. In a landmark judgment, a five Judge Bench of Pakistan Supreme Court today unanimously ruled to register a case against Nawaz Sharif and his family in the case. The judges ruled that the Prime Minister had been dishonest to Parliament and the courts, in not disclosing his employment in a Dubai-based company, in his 2013 nomination papers and thus, he could not be deemed fit for his office.
Russia orders the US to reduce its diplomatic staff over sanctions
Russia’s Foreign Ministry on the 28th July announced counter measures in response to tough new sanctions proposed by the United States, ordering Washington to reduce its diplomatic staff. Moscow ordered the US to reduce its diplomatic presence in Russia to 455 diplomats and staff and also barred it from using a Moscow summer house and storage facility. The Ministry said that this was in response to the passing of a new Bill sanctioned by the Senate late yesterday. US President Donald Trump will now have to decide whether to accept or veto the measures. President Vladimir Putin yesterday slammed what he called anti-Russian hysteria in Washington and said that Russia could not endlessly tolerate this kind of insolence. The Ministry also said it would bar access to a summer house and storage facilities in Moscow which will be used by the US embassy from the 1st of the next month.
Iran claims launch of satellite-carrying rocket into space
Iran says it has successfully launched a new type of rocket designed to carry a satellite into space. The nation’s state-run media yesterday released a video of the launch, saying it took place at the National Space Centre. The media reported that the rocket can deliver a satellite weighing up to 250 kilograms into a 500-kilometer orbit. Iran successfully launched its first domestically produced satellite in 2009. The country also intends to orbit more satellites for communications and other purposes. Iran also maintains its stance of continuing the development of ballistic missiles for what it claims to be a self-defense purpose. Iran did not change its stance even after it agreed with 6 world powers in 2015 to curb its nuclear program in return for relief on international sanctions.
RBI to issue new Rs.20 notes
Reserve Bank of India will shortly issue 20 rupee bank notes in the Mahatma Gandhi Series, with the inset letter S in both the number panels. In an official release, RBI said, the design of these banknotes is similar in all respects to the 20 rupees bank notes in the same series issued earlier. All the banknotes in the denomination of 20 rupees issued by the Reserve Bank in the past will continue to be a legal tender.
28 July: World Hepatitis Day
The World Hepatitis Day is observed every year on July 28 around the world by World Health Organisation (WHO) to spread awareness about viral hepatitis. This year the theme of the Day is Eliminate Hepatitis. The observance of the day seeks to encourage diagnosis, prevention, and treatment of Hepatitis. It provides a single global platform to raise awareness about hepatitis and influence real change in disease prevention, testing, and treatment.