Current Affairs Update 15 June 2017

CURRENT AFFAIRS UPDATE 15 JUNE 2017

This Current Affairs update consist of all important headings that are important for our upcoming exams.In this update we will provide it in a short heading with concise elaboration for each and every topic, like National News,Financial News, Appointments, Sports News, Obituaries etc and also trivial datas like any percentage data that are important will be specifically underlined If any important static takeaways are there we will provide with each headings.

The State Government of Sikkim has signed MoU with British Council.

• The Human Resource Development department of Sikkim government today signed an MoU with the British Council to enhance quality of education in the state. 
• The MoU was signed by G P Upadhaya, additional chief secretary cum principal Human Resource Development department and Alan Gemmell, Head of British Council.
• The MoU will improve the educational structure of the schools of Sikkim as planned by the Chief Minister and his vision to revolutionise Sikkim's education and help children achieves greater feats in life, Additional Chief Secretary cum Principal Secretary HRDD G P Upadhyay said. 
• The purpose of the MoU is to support the aims and aspirations of the young people of Sikkim through collaborative projects in the area of English, education and skills by strengthening the capacity of the teachers and other professionals, working with youth in the state and support its cultural economy. 

U.S. Opts Out of Signing G7 Pledge Supporting the Paris Agreement.

• The United States has refused to sign a Group of Seven pledge that calls the Paris climate accord the "irreversible" global tool to address climate change.
• The G7 environment ministers issued a final communique Monday after their two-day meeting, the first since the United States announced it was withdrawing from the Paris climate pact.
• In a footnote to the communique, the United States said it wouldn't join with the other six countries in supporting their Paris commitments.
• The footnote said: "The United States will continue to engage with key international partners in a manner that is consistent with our domestic priorities, preserving both a strong economy and a healthy environment."President Donald Trump announced the U.S. withdrawal earlier this month.

IRDAI takes over management of Sahara Life Insurance, appoints administrator.

• The Insurance Regulatory and Development Authority of India (IRDAI) has taken over the administration of Sahara India Life Insurance, a first of its kind move in the insurance sector.
• It has named RK Sharma, General Manager, IRDAI, as administrator to manage the affairs of the insurer.

The first canal top solar PV system of India has been energised at NTPC Mouda.

• State-run power giant NTPC has energised 150 kWp canal top solar PV System on cooling water (CW) channel inside power station premises at its 2,320 MW, Mouda Thermal Power Project, near Nagpur in Maharashtra. 
• This novel Solar PV system makes use of side walls of CW channels as load bearing structure thereby significantly decreasing cost of civil and mounting structure, NTPC statement said.
• It also has several other unique advantages such as land and water conservation due to reduced evaporation, increased PV generation due to cooling and reduction in dirt, leaves thereby reducing chemicals for water treatment, it said. 

The State Government of Telangana has launched a web portal ‘PashuBazar’ website for online cattle sale.

• The State Government of Telengana has launched a website to facilitate this service.The online sale or purchase of cattle through “pashubazar.telangana.gov.in” website will help farmers as the cattle need not be brought to shandies every time and farmers can save on transportation cost on cattle.

India ratifies two key ILO conventions on child labour.

• India on Tuesday ratified two key ILO conventions on child labour, according to a statement issued by the International Labour Organisation (ILO) in Geneva.
• According to ILO, “the Government of India deposited with the International Labour Office the instruments of ratification of the two fundamental ILO Conventions concerning the elimination of child labour, the Minimum Age Convention (No 138) and the Worst Forms of Child Labour Convention (No 182).” India is the 170th ILO member state to ratify convention No 138, which requires states to set a minimum age under which no one shall be admitted to employment or work in any occupation, except for light work and artistic performances.
• In addition, India is the 181st member to ratify convention No. 182, which calls for the prohibition and elimination of the worst forms of child labour, including slavery, forced labour and trafficking; the use of children in armed conflict; the use of a child for prostitution, pornography and in illicit activities (such as drug trafficking); and hazardous work.
• Welcoming India’s move, ILO Director-General Guy Ryder said: “Today, India’s ratifications of Conventions 138 and 182 solidifies further — in treaty obligations — that commitment to the global fight against the scourge of child labour in all its forms.

NASA confers comet scientist Michael A’Hearn posthumously.

• ‘National Aeronautics and Space Administration’ (NASA) has posthumously awarded the Exceptional Public Service Medal to Michael A’Hearn, one of the world’s leading comet scientists. A’Hearn died at the age of 76.
• The NASA Medal is for “fundamental work on comets and small bodies of the solar system, leadership in space missions, and ensuring public access to data from NASA missions and related projects.” 

Former Utaarakhand Chief Minister Ramesh Pokhriyal has unveiled a new book named ‘Yug Purush, Bharat Ratna, Atal Ji’.

• Former Uttarakhand chief minister Pokhriyal has handed over the first copy of his recently released book to president Pranab Mukherjee.he credited Vajpayee for his debut in politics, said the 450-page book titled -‘Yug Purush, Bharat Ratna, Atal Ji’ – will be officially unveiled soon.

Cabinet approves proposal to introduce the Financial Resolution and Deposit Insurance Bill 2017.

• The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the proposal to introduce a Financial Resolution and Deposit Insurance Bill, 2017. The Bill would provide for a comprehensive resolution framework for specified financial sector entities to deal with bankruptcy situation in banks, insurance companies and financial sector entities.
• The Financial Resolution and Deposit Insurance, Bill 2017 when enacted, will pave the way for setting up of the Resolution Corporation. It would lead to repeal or amendment of resolution-related provisions in sectoral Acts as listed in Schedules of the Bill. It will also result in the repealing of the Deposit Insurance and Credit Guarantee Corporation Act, 1961 to transfer the deposit insurance powers and responsibilities to the Resolution Corporation.
• The Resolution Corporation would protect the stability and resilience of the financial system; protecting the consumers of covered obligations up to a reasonable limit; and protecting public funds, to the extent possible.

The Central Statistics Office(SCO) has changed GDP base year to 2017-18 from 2011-12 announced by Union Statistics Minister D V Sadananda Gowda.

• The statistics ministry is set to change the base year of national accounts to 2017-18 from 2011-12 after completion of the household consumer expenditure survey and labour force data by the end of 2018.