International Current Affairs 2017

Latest International Current Affairs 2017 with news summaries and current events in International developments, geopolitical, organizations, groupings and fora related updates for India and world with all important national news updates and events for the year 2017.

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China hands over two ships to Pakistan Navy for Gwadar Port security

China has handed over two ships to the Pakistan to safeguard the strategic Gwadar port and trade routes under the ambitious China-Pakistan Economic Corridor (CPEC).

These ships have been named as Hingol and Basol, after two rivers near Gwadar. They will be part of Pakistan Navy and are equipped with state-of-the-art guns. They will be used to protect the sea-lanes in the Arabian Sea.

Besides, China will also provide two more ships to Pakistan Navy which have been named Zhob and Dasht after two districts in Balochistan.

Background

In recent times, China has actively started extending its help and cooperation to Pakistan for security along the $46 billion CPEC’s land and sea routes. As a follow up, Pakistan Army already has raised a new division of the army to ensure security along the CPEC route and around the strategic Gwadar port. The security of Gwadar city also has been handed over to the Pakistan Army’s new division raised during the tenure of former army chief Gen Raheel Sharif. In the past, China restrained itself from deploying its naval ships in Gwadar, as it could had raise alarm in US and India.

Gwadar port

The strategic Gwadar port is located in Pakistan’s restive Balochistan province. It has been developed under CPEC which link western China through Pakistan with the Middle East, Africa and Europe.  The revamped port became operational in November 2016 after two cargo ships laden with containers set off for Bangladesh, Sri Lanka, the UAE and European Union.

For more information: China-Pakistan Economic Corridor (CPEC).

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SpaceX’s Falcon 9 Rocket successfully places 10 satellites into orbit

US based rocket manufacturing company SpaceX successfully launched constellation of 10 satellites into orbit on board of its two stage Falcon 9 Rocket from the Vandenberg Air Force Base, California.

The satellites were deployed into the designated to low-Earth orbit about an hour after launch. Besides, rocket’s first stag also landed upright on a so-called droneship in the Pacific Ocean south of Vandenberg.

Key Facts
  • The constellation of 10 satellites was launched as part of McLean, Virginia-based Iridium’s project to replace its existing network of satellites that provide global voice and data communications.
  • This was SpaceX’s first launch since September 2016 accident of similar rocket on a Florida launch pad which exploded after its launch along with $200 million Israeli communications satellites Amos-6.

About SpaceX

  • SpaceX (Space Exploration Technologies Corporation) is aerospace manufacturer and space transport services company headquartered in Hawthorne, California, US.
  • It was founded in 2002 by Elon Musk, CEO of Tesla Motors and former PayPal entrepreneur with the goal of creating the technologies to reduce space transportation costs and enable the colonization of Mars.
  • SpaceX has developed the Falcon 1 and Falcon 9 launch vehicles, both designed to be reusable. It also has developed Dragon spacecraft to supply cargo to the International Space Station (ISS). It is also developing a manned version of Dragon is in development.
  • SpaceX’s achievements: First privately funded, liquid-propellant rocket Falcon 1 to reach orbit in 2008. First privately funded company to successfully launch, orbit and recover a spacecraft (Dragon) in 2010. First private company to send a spacecraft (Dragon) to the ISS, in 2012.
  • As of July 2016, it has flown nine missions to the ISS under a cargo resupply contract with NASA signed in 2006.

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Unemployment in India to increase marginally in 2017-18: ILO

According to recently released World Employment and Social Outlook for 2017, the number of unemployed people in India is expected to rise by 1 lakh in 2017 and another 2 lakh in 2018.

The report was released by the International Labour Organisation (ILO) with projections based on econometric modelling carried out in November 2016.  The report has clubbed India in the category of emerging nations.

Key highlights of the report
  • Number of jobless in India will increase from 17.7 million in 2016 to 18 million by 2018 even though the country’s unemployment rate is expected to go down from 3.5% to 3.4% in 2017.
  • India performed slightly well in terms of job creation in 2016, as majority of the 13.4 million new employment were created.
  • Globally, the number of jobless people will increase by 3.4 million in 2017. The global unemployment rate is expected to rise modestly from 5.7 to 5.8% in 2017 as pace of labour force growth outstrips job creation.
  • The increase in unemployment levels and rates in 2017 will be driven by deteriorating labour market conditions in emerging countries.
  • Vulnerable forms of employment, which include own account workers and contributing family workers are expected to stay above 42% of total employment.
  • About 1.4 billion people are likely to be engaged in such employment in 2017, with the number rising by 11 million per year. Sub-Saharan Africa and Southern Asia will be the most affected.
  • In developing countries, the number of workers earning less than $3.10 per day is even expected to increase by more than 5 million over the next two years.
  • Global uncertainty and the lack of decent jobs are, among some of the other factors, underpinning social unrest and migration in many parts of the world.

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