Current Affairs Daily Digest: January 31, 2017

The Current Affairs Daily Digest for January 31, 2017 with important tid-bits on current affairs.

National Current Affairs

Finance Ministry to aid Rashtriya Rail Sanraksha Kosh for rail safety

The Union Finance Ministry has agreed to contribute partially to a new dedicated railway safety fund named as ‘Rashtriya Rail Sanraksha Kosh’ in the upcoming Union Budget 2017-18. The proposed safety fund will be utilised for track improvement, bridge rehabilitation, rolling stock replacement, human resource development, improved inspection system and safety work at level crossing, among other things. Read more

IT Ministry urges tax incentives for PC manufacturers too

The Ministry of Electronics and Information Technology (MeitY) in its key recommendations for Union Budget 2017-18, has suggested differential excise duty regime and tax exemptions to be expanded to personal computers and servers. Ministry’s suggestions were as per the Phased Manufacturing Roadmap, it had worked out in consultation with the NITI Aayog. Read more

Environment, Science and Technology

Bombay Natural History Society launches climate change programme in Central Himalayas

The Bombay Natural History Society (BNHS) has launched climate change programme to conduct study to assess the status, distribution and conservation of Pheasants and Finches in Central Himalayas. It is long-term monitoring project funded by Oracle and facilitated by CAF-India. It will focus on their conservation in the context of climate change with the help of community participation. Read more

Vampire star caught in the act by ASTROSAT

India’s first dedicated space observatory, ASTROSAT has captured the rare phenomenon of a small six-billion-year-old vampire star preying on a bigger celestial body. The vampire star phenomenon is observed when smaller star sucks material (mass and energy) out of the bigger companion star, causing its eventual death. It is also called a blue straggler as small star becomes bigger, hotter and bluer, giving it the appearance of being young, while the ageing companion burns out and collapses to a stellar remnant. Read more

Banking, Business and Economy

Reliance Defence bags contract for patrol vessels

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India Post Payments Bank starts pilot services

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RBI withdraws limits on cash withdrawals

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Highlights of Economic Survey 2016-17

Union finance Minister Arun Jaitley tabled the Economic Survey 2016-17 in Parliament budget session. The survey prepared by chief economic adviser in the finance ministry Arvind Subramanian. The survey projects the economy to grow in the range of 6.75% to 7.25% in fiscal year 2017-18 in the post-demonetisation year. It says that the adverse impact of demonetisation on GDP growth will be transitional. Read more

Miscellaneous

NDRF celebrates its 12th raising day

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India’s Centre for Civil Society ranked among world’s top 100 think tanks

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Persons in news

Veteran journalist Devdutt passes away

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Masaya Nakamura, Father of Pac-Man passes away

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Sports Current Affairs

India’s first multi-sports museum inaugurated in Kolkata

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Government Constitutes Task Force to prepare Action Plan for Next three Olympic Games

Prime Minister Narendra Modi has approved the constitution of eight members Task Force committee for preparing action plan for next three Olympic Games 2020, 2024 and 2028. It has been given three months’ time to submit its report regarding a comprehensive action plan including short, medium and long-term measures for effective participation of Indian sports-persons in the Olympic games. Read more

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