Current Affairs Today - Current Affairs 2017

हिंदी करंट अफेयर्स प्रश्नोत्तरी 2017 के लिए यहाँ क्लिक करें.

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IIT Madras, Indian Army ink MoU to strengthen critical technological areas

The Indian Institute of Technology, Madras (IITM) and Indian Army have signed a Memorandum of Understanding (MoU) to identify the critical technological areas that can be enhanced in the armed forces.

The MoU was signed by IITM Director Bhaskar Ramamurthi and Deputy Chief of Army Staff (P&S) Lt. Gen. Subrata Saha in Chennai, Tamil Nadu.

Key Facts
  • The MoU will facilitate IITM to achieve a better understanding of the critical technology requirements of the Indian Army through seamless interaction between the Army officers and IITM faculty.
  • Under it, Indian Army will sponsor four officers for doctoral programmes besides a five-day Technology Development Programme for 15 officers on a biannual basis.
  • The IITM faculty will work closely with the Indian Army to identify areas where the institute can contribute positively to enhancing the capabilities.

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Government lowers interest rates on Small saving schemes by 0.1%

The Union Finance Ministry has lowered interest rates on all nine small saving schemes by 0.1% for the April-June quarter as compared to January-March quarter.

These schemes includes Public provident fund (PPF), National Savings Certificate (NSC), Kisan Vikas Patra, Sukanya Samriddhi Account, Senior Citizens Savings Scheme. It does not include Post Office Savings Account.

Key Facts
  • Investments in the PPF scheme will fetch lower annual rate of 7.9% from previous rate of 8%.
  • 5-year National Savings Certificate will also fetch lower annual rate of 7.9% from previous rate of 8.
  • Kisan Vikas Patra (KVP) investments will yield 7.6%
  • Sukanya Samriddhi Account Scheme, will offer 8.4% annually, from 8.5% at present.
  • Senior Citizens Savings Scheme will offer 8.4% for the 5-year. The interest rate is paid quarterly.
  • Term deposits of 1-5 years will fetch a lower 6.9-7.7 % that will be paid quarterly.
  • The 5-year recurring deposit has been pegged lower at 7.2%.
  • However, interest on savings deposits has been retained at 4% annually.

The Ministry also has notified that rates of small saving schemes will be linked to government bond yields. The move is expected to prompt banks to lower their deposit rate in line with the small savings rate as offered by government. Since April 2016, interest rates of all small saving schemes are recalibrated on a quarterly on the basis market-linked interest rates system

What are small saving schemes?

Small Savings Schemes are more of social welfare schemes .They are government run schemes that provide higher interest rate. These schemes are meant for small investors backed by a sovereign guarantee and tax benefits.

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Gujarat Assembly passes Gujarat Animal Preservation (Amendment) Bill, 2017

Gujarat Assembly has passed the Gujarat Animal Preservation (Amendment) Bill, 2017 to amend Gujarat Animal Preservation Act, 1954.

The amendment bill makes the existing law stricter and provides for harsher punishment and higher penalties to prevent cow slaughter in the state.

Key Facts
  • This bill has more stringent provision against the cow slaughtering and cow transportation for slaughtering. It allows cow Gujarat Cowtransportation only with permit issued by Government authority.
  • Only 7 officials are notified for issuance of permit contrary to 25 earlier. It does not allow transportation of cows during night hours. It also makes slaughtering of cow cognizable and non-bailable offence.
  • It also raises the minimum jail term for illegal ferrying of cows for slaughter from 7 to 10 years against the current provision of 3 to 7 years. It also increases the monetary penalty from Rs 50,000 to Rs 1 lakh.
  • Vehicle used for illegal cow transportation will be seized permanently by the Government. Earlier the government used to confiscate such vehicles only for six months.
Background

Gujarat Government had enacted the Gujarat Animal Preservation Act-1954 as per Article 48 of Constitution for the preservation of milch animals, and for cattle that are suitable for breeding or agricultural purposes. It was amended in 2011 for better implementation of the Act.

COw Slaugher

States marked red do not allow slaughter of cows.

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