12 September 2017 Current Affairs

Prakash Padukone to get badminton’s first lifetime award

Badminton Prakash Padukone conferred with the first Lifetime Achievement Award instituted by the Badminton Association of India (BAI) for his rich contribution to the sport. He is the first recipient of the lifetime achievement award. He won the 1980 All England and won a bronze at the 1983 World Championship in Copenhagen. He also won a gold medal at the 1978 Commonwealth Games. He was bestowed with the Arjuna award in 1972 and the Padma Shri in 1982.

Belarus President on Two-Day Visit in India

India and Belarus are signed agreements on their bilateral cooperation, including in defence and security, as the Eastern European country’s President Alexander Lukashenko is on a two-day visit to New Delhi. Belarus and India are celebrating the 25th anniversary of the establishment of diplomatic relations. Bilateral trade between India and Belarus stands at $200 million, with pharmaceutical products being India’s main exports to the East European nation.

National Pension Scheme Upper age limit raised to 65

The Pension Fund Regulatory and Development Authority (PFRDA) announced that the upper age limit for joining the National Pension Scheme (NPS) had been raised to 65 years, from the current 60. NPS is currently open for people between 18 and 60, and the Board has approved raising the age limit for joining to 65.

London tops in 2017 Global Financial Centres Index

London topped in the 2017 Global Financial Centres Index (GFCI) among 92 financial centres released by the Z/Yen and China Development Institute. It was ranked at 60th position, up by three positions compared to the previous edition. The index is a ranking of the competitiveness of financial centres based on an aggregate of indices from five key areas: business environment, the financial sector.

International Day for South-South Cooperation 2017 observed globally

The International Day for South-South Cooperation was observed on 12 September 2017 by United Nations (UN). The day celebrates the economic, social and political developments made in recent years by regions and countries in the south. It also highlights UN’s efforts to work on technical cooperation among developing countries. South-South cooperation is a broad framework of collaboration among countries of the South in the political, economic, social, cultural, environmental and technical domains.

2 US Scientists, Indian Economist among 2017 Balzan Prize awardees

The International Balzan Foundation has announced the winners of the 2017 Balzan Prize. This year, Indian Economist Bina Agarwal was recognised among other awardees for her work on women’s contributions to agriculture in India.
List of 2017 Balzan Prize awardees:

  • James P Allison of the University of Texas MD Anderson Cancer Center and Robert D Schreiber of the Washington University School of Medicine were awarded for Immunological Approaches in Cancer Therapy that enhanced the survival of patients with metastatic melanoma.
  • Indian Economist Bina Agarwal of University of Manchester (UK) was recognised in the Gender Studies category for her heroic work studying women’s contributions to agriculture in India.
  • Belgian astrophysicist Michael Gillon was awarded for his work that has hellped in finding new soalr systems of planet Earth using robotic telescopes, instead of much more costly satellites.
  • German couple Germans Aleida and Jan Assmann were recognised for presenting collective memory as a requirement for the formation of the identity of religious and political communities.

BWF World Senior Badminton Championships- First Time in India

The coastal city of Kochi is hosting the BWF World Senior Badminton Championships. The championship is been held in India for the first time. The week-long tournament will see a total of 665 players from 40 countries battle it out. A total of 175 players will represent India including Olympians – Abhinn Shyam Gupta, Nikhil Kanetkar, and V Diju. The Indian contingent will also have Arjuna awardee and Kerala player George Thomas and Commonwealth medallist and former India doubles players Sanave Thomas and Roopesh Kumar.

Infosys completes Brilliant Basics acquisition

India’s second largest software services firm Infosys has completed the acquisition of London-based Brilliant Basics. Through this acquisition, Infosys further expands its worldwide connected network of Digital Studios that are focused on fulfilling the needs of global clients for end-to- end digital transformation solutions. Infosys had acquired the company in a cash deal worth GBP 7.5 million, including earn-out and employee retention amounts.

UNSC unanimously adopts new sanctions against North Korea

The United Nations Security Council (UNSC) has unanimously passed new set of tougher sanctions against North Korea over its sixth and most powerful nuclear test (claimed to be Hydrogen bomb). It was overall the ninth sanctions resolution unanimously adopted by UNSC since 2006 over North Korea’s ballistic missile and nuclear programs. The new sanctions imposes ban on North Korea’s textile exports and capping imports of crude oil.
New sanctions include:
It limits on imports of crude oil and oil products to North Korea. It bans exports of textiles, which is North Korea’s second-biggest export worth more than $700million a year. It also limits North Koreans from working overseas, which may cut off $500 million of tax revenue per year.

Tahir Mahmood awarded N R Madhava Menon Best Law Teacher Award

Eminent jurist Tahir Mahmood was awarded the prestigious N R Madhava Menon Best Law Teacher Award 2017 for his distinguished services to legal education and the legal profession on the occasion of Law Teachers’ Day celebrations. The function was organized by the Society of Indian Law Firms (SILF) and Menon Institute of Legal Advocacy Training (MILAT). The awards are bestowed every year to honor the most deserved law teachers and institutions in India and across the SAARC region.

British Parliament passed EU Withdrawal Bill

The Union Government to extract the UK from EU law in time for Brexit passed its first Parliamentary test. The EU Withdrawal Bill was backed by MPs by 326 to 290. The bill which will end the supremacy of EU law in the UK now moves onto its next Parliamentary stage. It was previously referred to as the Great Repeal Bill, the EU Withdrawal Bill overturns the 1972 European Communities Act which took the UK into the then European Economic Community.

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