Current Affairs: Daily GK Update 22nd August 2017

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1. National Sports Awards 2017 Announced

i. National Sports Awards are given every year to recognize and reward excellence in sports. Rajiv Gandhi Khel Ratna Award is given for the spectacular and most outstanding performance in the field of sports by a sportsperson over a period of four year, Arjuna Award is given for consistently outstanding performance for four years, Dronacharya Award for coaches for producing medal winners at prestigious International sports events, Dhyan Chand Award for life time contribution to sports development.

ii. The Union Government announced the National Sports Awards. Para athlete Devendra and hockey player Sardar Singh will be honoured with the Rajiv Gandhi Khel Ratna Award.

i. Foreign direct investment (FDI) into the country grew by 37 per cent to USD 10.4 billion during the first quarter of the current fiscal. According to the figures of the Department of Industrial Policy and Promotion (DIPP), India had received USD 7.59 billion FDI during April-June 2016-17.

ii. The main sectors which attracted the highest foreign inflows include services, telecom, trading, computer hardware and software and automobile. The bulk of the FDI came in from Singapore, Mauritius, the Netherlands and Japan. 

Important Takeaways from Above News-
  • FDI is a major source of non-debt financial resource for the economic development of India.
  • FDI and Portfolio Investment in Public Sector Banks are subject to overall statutory limits of 20 percent.
  • DIPP was established in 1995 and has been reconstituted in the year 2000.

i. The board of state-owned Oil and Natural Gas Corp, ONGC, has given 'in-principle' approval to acquire government's 51 (point) 11 per cent stake in Hindustan Petroleum Corp Ltd. The government had approved the sale of its 51.11 per cent stake in oil refiner HPCL to India's largest oil producer ONGC. The deal will be completed within a year.

ii. The government had also constituted a committee headed by Finance Minister Arun Jaitley and comprising oil minister Dharmendra Pradhan and road minister Nitin Gadkari to work out the modalities of the sale. Jaitley had in his Budget for 2017-18 talked about creating an integrated oil behemoth.

Important Takeaways from Above News-
  • HPCL is a Government of India Enterprise with a Navratna Status, and a Forbes 2000 and Global Fortune 500 company. 
  • Dinesh K Sarraf is the Chairman & Managing Director (CMD) of Oil and Natural Gas Corporation Limited (ONGC).
  • Registered Office & Corporate Headquarters of HPCL is in Mumbai.

i. A digital police portal under the CCTNS project, which aims to create a national database of crimes and criminals has launched by Home Minister Rajnath Singh. The digital police portal will provide the citizen, facility for online complaint registration and request for antecedent verification. 

ii. The police portal will provide 11 searches and 46 reports from the national database for state police and central investigation agencies. Central investigating and research agencies have also been provided logins to the digital police database to access crime statistics.

Important Takeaways from Above News-
  • CCTNS stands for Crime and Criminal Tracking Network and Systems Project or the crime and criminal tracking network system.
  • Kiren Rijiju is current Union Minister of State for Home Affairs of India.

i. Keeping up its tradition of naming its Android upgrades with delectable desserts, Google has launched its version 8.0 o the operating system as Android Oreo.

ii. The Oreo boasts of a two times faster boot speed, autofill option, and a longer battery life. The new update comes with a Picture-in-Picture feature that allows the user to see two apps simultaneously.

i. The National Bank of Agriculture and Rural Development (NABARD) has sanctioned a loan assistance of Rs 1,349.55 crore to the Rajasthan government for the creation of rural infrastructure in the state under the Rural Infrastructure Development Fund (RIDF). 

ii. The sanction includes assistance for construction of two rural drinking water supply projects, strengthening/ rehabilitation of 1,614 rural roads and modernisation of three major irrigation projects.

Important Takeaways from Above News-
  • The government of India created the RIDF in NABARD in 1995-96, with an initial corpus of Rs.2,000 crore.
  • NABARD came into existence on 12 July 1982 by transferring the agricultural credit functions of RBI and refinance functions of the then Agricultural Refinance and Development Corporation (ARDC). 
  • Dr Harsh Kumar Bhanwala is the Chairman of NABARD since 18th December 2013.

7. IOC to Invest Rs 52,000 cr in Paradip Refinery Post Pact with Odisha Govt

i. State-owned Indian Oil Corporation (IOC) will invest about Rs 52,000 crore in expanding Paradip refinery in Odisha and setting up petrochemical complex after the Odisha State Government agreed to restore part of tax incentives.

ii. Odisha Government has agreed to restore part of tax incentives and has agreed to give Rs 700 crore per annum of an interest-free loan for 15 years to make up for the withdrawn incentive.

Important Takeaways from Above News-
  • Headquarters of IOC is located in New Delhi.
  • Sanjiv Singh is the current Chairman of IOC.

i. O Panneerselvam was on 21 August 2017 sworn in as the Deputy Chief Minister (CM) of Tamil Nadu, following the much-speculated merger of All India Anna Dravida Munnetra Kazhagam (AIADMK) factions.

ii. The two factions of the AIADMK merged six months after their split following the death of then Chief Minister J Jayalalithaa. Panneerselvam was appointed as the Coordinator of the merged AIADMK.

Important Takeaways from Above News-
  • Governor of Tamil Nadu is Vidyasagar Rao.

i. Oinam Bembem Devi, the flagbearer of Indian women's football for over the past two decades was named the winner of the prestigious Arjuna Award. Bembem becomes the second Indian woman footballer to win the award, the first being Shanti Mullick in 1983.

ii. Bembem is the 25th Footballer to have won the Arjuna Award, the last being Subrata Paul in 2016. In addition, she was also awarded the AIFF Woman Footballer Award twice, in 2001 and 2013.

Important Takeaways from Above News-
President of All India Football Federation is Praful Patel.

i. The Information and Broadcasting Ministry on 21 August 2017 constituted a 40-member 'preview committee’ for the International Film Festival of India 2017, which is going to be held in Goa.

ii. While filmmaker Vivek Agnihotri has been chosen as the convenor of the committee. Besides this, the I and B Ministry also constituted a new 13-member steering committee and a 12-member technical committee, which will be headed by Jahnu Barua and Nagesh Kukunoor respectively.

Important Takeaways from Above News-
  • International Film Festival of India (IFFI) is scheduled to be held in Goa from 20 – 28 November 2017.
  • Information and Broadcasting minister of India are Smriti Zubin Irani.

i. Union Minister for Human Resource Development (HRD) Prakash Javadekar launched the ‘Swasth Bachche, Swasth Bharat’ Programme in Kochi, Kerala.

ii. Javadekar also launched the Health and Fitness Profile Card along with the programme. The programme is an initiative of Kendriya Vidyalaya Sangathan (KVS) to prepare a physical Health and Fitness Profile Card for more than 12 lakhs of Kendriya Vidyalaya students.


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