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Financial & Banking News

Buyers and developers of real estate property


can seek relief by approaching Real Estate
SBI cuts term deposit rates by up to 50 bps for amount
Regulatory Authorities against violation of the
below Rs 1 crore
contractual obligations and other provisions of
Country's largest lender State Bank of India has cut its the Act.
term deposit rates by up to 50 basis points for various The act provides for the mandatory
maturities. registration of projects and real estate agents.
The act mandates depositing of 70 per cent of
The rates have been revised for medium and long term the funds collected from buyers in a separate
deposits and for amount below Rs one crore. bank account in case of new projects and 70
According to the new structure, for two to less than per cent of unused funds in case of ongoing
three years deposits, SBI will offer a rate of 6.25 per projects.
cent as compared to 6.75 per cent earlier, the bank The funds could be withdrawn only for
said. For the similar maturity, the deposit rates for construction purposes.
senior citizen have been cut to 6.75 per cent from 7.25 It also mandates the registration of projects
per cent. with a plot size of minimum 500 sqm or 8
apartments with the Regulatory authorities.
The act also prescribes penalty on developers
Real Estate Act comes into effect, 13 states notify in case of delay in the project. The developers
rules would be required to disclose the project
details on the website of the regulator and
The Real Estate (Regulation & Development) Act, 2016, provide quarterly updates on construction
the landmark realty law that aims to protect home progress.
buyers from deceitful developers came into effect on 1 According to the act, the developers would be
May 2017. The move ends a nine-year long wait. accountable for any structural defect in the
real estate for five years.
The implementation of the act means regulation of the
The act also prescribes imprisonment up to
real estate sector, which hosts over 76,000 companies
three years for developers and up to one year
across the country.
for agents and buyers in case of violation of
Background orders of Appellate Tribunals and Regulatory
Authorities.
The Real Estate (Regulation and Development)
The Regulatory authorities would also be
Bill, 2016 was passed by the Parliament in
required to dispose of complaints in 60 days
March 2016.
and Appellate Tribunals would be required to
The act partially came into force in May 2016
adjudicate cases in 60 days.
with 59 of its 92 notified sections put to force.
Now, all the 92 sections of the Act have come
into effect.
Core sector industries grew 5% in March
The states were given the task of notifying to
the realty rules and set up a Real Estate The eight core industries grew by 5% in March, fastest
Regulatory Authority (RERA) by 30 April 2017, in three months, on the back of higher coal and steel
without which the law will not become production.
operational.
Till now, 13 states and Union Territories The growth rate of eight infrastructure sectors -- coal,
including Delhi, Madhya Pradesh, Gujarat, crude oil, natural gas, refinery products, fertilisers,
Maharashtra, Odisha, Andhra Pradesh, Uttar steel, cement and electricity -- was however lower than
Pradesh, Bihar, Daman and Diu have notified 9.3% recorded in March last year.
the rules.

Provisions of the Act


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As per the government data released today, coal apply for PF final settlement (form19), Pension
production increased by 10% in March as against 2.5% withdrawal benefit (Form10-C) and PF part withdrawal
a year ago. (Form31) from the their UAN Interface.

These three forms collectively make for more than 80


per cent of EPFOs claim workload.
Madhya Pradesh becomes first state to formally shift
to January-December financial year

Madhya Pradesh has become the first state in the CCEA approves Central Sector Scheme SAMPADA
country to formally switch to a January-December
The Cabinet Committee on Economic Affairs (CCEA),
financial year format, with the state Cabinet approving
chaired by the Prime Minister Narendra Modi, on 3
the proposed move.
May 2017 approval the re-structuring the schemes of
The next Budget session of the state Assembly will be Union Ministry of Food Processing Industries (MoFPI)
held in December 2017 or January 2018, while the next under Central Sector Scheme SAMPADA.
financial year will start from January 2018.
SAMPADA stands for 'Scheme for Agro-Marine
The Central government had constituted a high-level Processing and Development of Agro-Processing
committee under former Chief Economic Advisor Clusters'. The objective of SAMPADA is to supplement
Shanker Acharya to examine "desirability and agriculture, modernize processing and decrease agri-
feasibility" of having a new financial year. The report waste.
hasn't been made public yet.
The scheme was approved for the period 2016- 2020.

Inclusions under SAMPADA


Union Government launches One IP- Two
Integrated Cold Chain and Value Addition
Dispensaries, Aadhaar Based Online Claim Submission
Infrastructure
Schemes
Infrastructure for Agro-processing Clusters
The Union Minister of Labour and Employment Creation of Backward and Forward Linkages
Bandaru Dattatreya on 1 May 2017 launched two Food Safety and Quality Assurance
schemes- One IP- Two Dispensaries and Aadhaar based Infrastructure
Online Claim Submission on the occasion of Expansion of Food Processing & Preservation
International Labour Day 2017. Capacities

All about One IP- Two Dispensaries Scheme Highlights of SAMPADA

Due to the non-availability of option of second SAMPADA, with an allocation of Rs 6000 crore,
dispensary, the dependant members of family are is expected to leverage investment of Rs 31400
often deprived of medical benefits as till now, insured crore and will handle 334 lakh MT agro-
persons (IP) had an option of choosing one dispensary produce valuing Rs 104125 crore.
for self and family. It will benefit 20 lakh farmers and will generate
530500 direct/ indirect employment in the
By introducing the concept of One IP- Two
country by the year 2019-20.
Dispensaries, Employee's State Insurance Corporation
SAMPADA is an umbrella scheme
(ESIC) gives an option to an IP to choose two
incorporating ongoing schemes of the Ministry
dispensaries, one for self and another for family
like Mega Food Parks, Integrated Cold Chain
through an employer.
and Value Addition Infrastructure, Food Safety,
All about Aadhaar based Online Claim Submission Quality Assurance Infrastructure,
scheme Infrastructure for Agro-processing Clusters and
Creation of Backward and Forward Linkages.
Under this scheme, all EPF Members, who have These schemes aim at development of modern
activated their Universal Account Number (UAN) and infrastructure to encourage entrepreneurs to
seeded their KYC details with Employees' Provident set up food processing units based on cluster
Fund Organisation (EPFO), will now be able to directly
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approach, provide effective and seamless Reports suggest that the ordinance seeks to amend
backward and forward integration for Section 35A of the Banking Regulation Act. This section
processed food industry. of the act empowers the Reserve Bank to issue
directions to the banks in the public interest and
depositors.
Andhra Pradesh gets $160 mn loan from AIIB for
Currently, the Public Sector Banks (PSBs) are saddled
power project
with non-performing assets or bad loans to the tune of
China-sponsored Asian Infrastructure Investment Bank a staggering Rs 6 lakh crore.
approved $160 million loan for a power project in
Non Performing Assets
Andhra Pradesh, the first credit from the bank for an
Indian project. A Non-Performing Asset (NPA) means a credit facility
with respect of which the interest/instalment on the
The Asian Infrastructure Investment Bank (AIIB), in
principal has not been paid for a specific period of time.
which India is the second largest shareholder after
In most cases, debt is classified as non-performing
China, has approved the project with the objective to
when loan payments have not been made for a period
strengthen the power transmission and distribution
of 90 days.
system in Andhra Pradesh, said a bank statement.

The '24x7 Power for All' project is part of Government


of India's 'Power for All programme' that was launched NPCI enables acceptance of JCB cards across ATMs &
in 2014 to provide an efficient, reliable and affordable POS terminals in India
electricity to all consumers across selected states
National Payments Corporation of India (NPCI) and JCB
within five years from the start of implementation.
International Co. Ltd. (JCBI), the international
The project is co-financed by the World Bank. operations subsidiary of JCB Co. Ltd, operationalised
acceptance of JCB payment cards at ATMs and POS
Andhra Pradesh is one of the first states selected for
terminals in India.
the roll out of the programme.
Through this strategic partnership, JCB cards
acceptance coverage in India will reach to about 100
Union Cabinet approves issuing ordinance to resolve per cent for both ATMs and POS terminals in the
NPAs of banks coming few years.

To eliminate the problem of bad loans, the Union This development has enabled JCB to serve increasing
Cabinet on 3 May 2017 approved an ordinance to number of tourists and business professionals with
amend the Banking Regulation Act for dealing with the payment options at ATM and POS in India especially
non-performing assets (NPAs) in the banking system. from Asia where JCB has large number of card
members. The total card member base of JCB is about
Details of the ordinance will be revealed after 101 million which spans across 23 countries and
President Pranab Mukherjee gives his assent to an territories.
ordinance to amend the Banking Regulation Act to
resolve the Non-Performing Assets crisis. JCB is a global payment brand and a leading credit card
issuer and acquirer in Japan. JCB launched its card
The promulgation of the ordinance was given a green business in Japan in 1961.
signal during the cabinet meeting chaired by Prime
Minister Narendra Modi.

The set of measures includes the promulgation of an IBBI constitutes Technical Committee to lay down
Ordinance to amend the Banking Regulation Act to give Technical Standards for performance of core services
more powers to Reserve Bank of India (RBI) and its
The Insolvency and Bankruptcy Board of India (IBBI) on
committees to act on behalf of banks while deciding on
4 May 2017 constituted a Technical Committee to lay
NPAs.
down technical standards for performance of core

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services in accordance with Regulation 14 of the IBBI It calls for early identification of stressed assets and
(Information Utilities) Regulations, 2017. timely implementation of a Corrective Action Plan
(CAP) to preserve the economic value of stressed
The committee will be headed by RB Barman,
assets.
Chairman of National Statistical Commission.
In order to ensure that the CAP is finalised and
The Committee will give its recommendation for laying
formulated in an expeditious manner, the new rules
down Technical Standards for the performance of core
specifies various timelines within which lenders have to
services and other services under Insolvency and
decide and implement the CAP.
Bankruptcy Board of India (Information Utilities)
Regulations, 2017. It reiterates that lenders must scrupulously adhere to
the timelines prescribed in the JLF Framework for
finalising and implementing the CAP. This came after
India expected to achieve 7.1% growth in 2017: UN RBI witnessed delays in finalising and implementation
report of the CAP.

A United Nations (UN) on 1 April 2017 released its To facilitate timely decision making, the decisions
annual flagship report titled 'The Economic and Social agreed upon by a minimum of 60 per cent of creditors
Survey of Asia and the Pacific 2017'. The report was by value and 50 per cent of creditors by number in JLF
released by UN Economic and Social Commission for will be considered as basis for deciding the CAP.
Asia and the Pacific (ESCAP).
The stand of the participating banks while voting on the
The report says India is expected to achieve 7.1 per final proposal before the JLF shall be unambiguous and
cent economic growth in 2017 as re-monetisation unconditional.
restores consumption and infrastructure spending
Any bank which does not support the majority decision
increases. The report said India's growth would edge
on the CAP, may exit subject to substitution within the
up to 7.5 per cent next year. These targets will be met
stipulated time line.
by higher private and public consumption and
increased infrastructure spending. Any non-adherence to these rules and timelines
specified under the Framework will attract monetary
At the same time, the report also warns India by saying
penalties on the concerned banks under the provisions
that the country faces heightened risks related to the
of the Banking Regulation Act, 1949.
concentration of bad loans in the public sector banks.

Inflation It was projected to be between 5.3 per cent


to 5.5 per cent in 2017 and 2018, which means it will Edelweiss Tokio launches India's first insurance that
be above the official target of 4.5 per cent to 5 per cent. can be bought at PoS

The country's first, and perhaps the simplest life


insurance product that can be bought at a point of sale
RBI tightens JLF rules, directs banks not to break any
(PoS) has finally been launched. Edelweiss Tokio Life
norms
Insurance has recently launched PoS Saral Nivesh -- the
The Reserve Bank of India (RBI) on 5 May 2017 first product to be approved by the Insurance
tightened the rules of Joint Lenders Forum (JLF) under Regulatory and Development Authority of India's
Framework for Revitalising Distressed Assets in the (IRDAI) guidelines on point of sale-life insurance
Economy Guidelines on Joint Lenders Forum (JLF) products.
and Corrective Action Plan (CAP).
The policy comes with a waiting period of 90 days. If
The new JLF rules are more effective and direct banks anything happens during this period, barring an
not to break any rules and to meet all deadlines. accidental death, the premium is not paid.
Moreover, it also directs that any breach of rules would
attract a monetary penalty.
President gives assent to ordinance for resolution of
Highlights of new JLF Rules
non-performing asset crisis in banking system

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President Pranab Mukherjee on 5 May 2017 gave his its loyalty programme for both offline and online
assent to an ordinance to amend the Banking shoppers.
Regulation Act for resolution of the non-performing
The offer will be currently available on all YES BANK
asset (NPA) crisis in banking system.
debit cards, and will be extended to all other payment
The Ordinance, which is an amendment in the Banking products of YES Bank in the near future, Cashkaro said
Regulation Act and sent to the President for an in a statement.
approval, was earlier approved by the Union Cabinet
The initiative will now enable YES Bank debit card
chaired by Prime Minister Narendra Modi.
holders to earn customised cashback offers from a
The new ordinance passed by the President Mukherjee wide range of participating online merchants as well as
will be known as Banking Regulation (Amendment) brick and mortar stores, including Forever 21
Ordinance, 2017. The ordinance amends the Section
TataCliq, Chaayos, Junkyard Caf, UrbanClap, Zivame,
35A of the Banking Regulation Act 1949 and provides
Nearbuy, Limeroad, Netmeds, BigBasket, Fortis
greater powers to the Reserve Bank to tackle mounting
Healthworld, The Beer Caf and FreshMenu.
bad loans. The amendments to the Act will help in
effectively resolving the bad loans problem.

Key Facts of the Ordinance SBI to allow ATM withdrawals via e-wallet
Section 35AA of the Banking Regulation Act 1949: As The largest lender State Bank of India will introduce
per the new rules RBI is entitled to issue directions to new facility that would enable withdrawal of cash
any banking company or banking companies to initiate through ATMs using the bank's mobile wallet.
insolvency resolution process in respect of a default
under the provisions of the Insolvency and Bankruptcy However, the bank will charge Rs 25 on every cash
Code. withdrawal from the mobile wallet via ATMs.

Section 35AB: As per the new rules, the RBI can issue If a customer has money in SBI Buddy, our mobile
directions to the banking companies for resolution of wallet, he can now withdraw that money through
stressed assets. ATMs. Also, now customer can deposit cash or
withdraw cash through business correspondent (BC)
Bad loans have ballooned in the system over the past from or into our mobile wallet. These facilities were not
few years, with gross NPAs for state-owned banks at available earlier.
6.07 lakh crore rupees at the end of December 2016.
For cash deposit of up to Rs 1,000 into its mobile wallet
The Finance Minister Arun Jaitley said, in the last few through business correspondents, the bank will levy a
years, the government has taken several structural service charge of 0.25 per cent (minimum Rs 2 and
reforms towards the economy but the stressed assets maximum Rs 8) plus service tax.
remains a challenge. He said, the government and RBI
will work together on expeditious resolution of For cash withdrawal of up to Rs 2,000 from SBI Buddy
stressed assets. through business correspondents, the service charges
will be 2.50 per cent of the transaction value (minimum
The government has enacted insolvency and of Rs 6) in addition to service tax.
Bankruptcy Code to consolidate and amend the laws
relating to reorganization and insolvency resolution of
companies, partnerships firms and individual. Gadkari launches NHAI's first Masala Bond in UK

National Highways Authority of India's first Masala


Cashkaro.com ties up with YES Bank to launch card- Bond was launched at the London Stock Exchange with
linked offers Union Minister Nitin Gadkari ringing the opening bell.

Banking on the Government's drive to promote a cash- The rupee-denominated offshore bond offered by
less economy, cashback portal Cashkaro.com has tied National Highways Authority of India (NHAI) on the
up with YES Bank to launch card-linked offers as part of exchange is targeted at raising capital for India's
infrastructure projects.

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It will enable citizen engagement for creating a tax
compliant society and citizens would be able to support
Union Government revises Base Year of WPI to 2011-
the Operation Clean Money by taking pledge,
2012 from 2004-05
contribute by engaging and educating fellow citizens,
The Department of Industrial Policy and Promotion and share their experiences and provide feedback.
under Union Ministry of Commerce and Industry on 12
It will enable Transparent Tax Administration by
May 2017 revised the base year of All-India Wholesale
sharing status reports and thematic analysis reports.
Price Index (WPI) from 2004-05 to 2011-12.

The base year of WPI was revised in order to align it


with the base year of other macroeconomic indicators RBI issues new branch expansion norms
like the Gross Domestic Product (GDP) and Index of
The Reserve Bank of India (RBI) on 19 May mandated
Industrial Production (IIP).
that 25 per cent of the total number of 'banking
Highlights of the new series of Wholesale Price Index outlets' opened during a financial year should be
(WPI) with base year 2011-12 located in unbanked rural centres.

In the revised series, WPI will continue to constitute The RBI mandated this in its notification --
three Major Groups namely Primary Articles, Fuel & "Rationalisation of Branch Authorisation Policy-
Power and Manufactured Products. Revision of Guidelines" -- issued on Thursday.

Increase in number of items from 676 to 697. In all, "Domestic scheduled commercial banks (other than
199 new items have been added and 146 old items RRBs) are permitted to open, unless otherwise
have been dropped. specifically restricted, banking outlets in tier 1 to tier 6
centres without having the need to take permission
The new series is more representative with increase in
from RBI in each case," the central bank said in the
number of quotations from 5482 to 8331, an increase
notification.
by 2849 quotations (52 per cent).
"At least 25 per cent of the total number of 'Banking
Prices used for compilation do not include indirect
Outlets' opened during a financial year should be
taxes in order to remove impact of fiscal policy. This
opened in unbanked rural centres."
will make the new WPI conceptually closer to
Producer Price Index. Here are the highlights

A new WPI Food Index will be compiled to capture RBI has widened the role of bank boards, making
the rate of inflation in food items. them responsible for complying with the new
guidelines
Seasonality of fruits and vegetables has been updated
to account for more months as these are now available The RBI removed the restriction on tier-I branches,
for longer duration. which was earlier linked to the number of branches
opened in the unbanked areas.

RBI has also changed the definition of what


Union Government launches Operation Clean Money
constitutes a branch. As against the earlier definition of
portal
considering all the outlets including extension counters
Union Finance Minister Arun Jaitley on 16 May 2017 and ATMs as a 'branch', the new provisions have
launched Operation Clean Money Portal with an aim to changed the nomenclature to calling it as a 'banking
keep a tab on dishonest citizens hiding their income outlet'.
from the authorities and government.
There will be a 'banking outlet' which will be open for
It will provide comprehensive information at one place minimum four hours a day and five day a week
consisting of step by step guides, frequently asked
There is scope for a part-time banking outlet which
questions, user guides, quick reference guides and
will be a fixed point service unit but not comply with
training toolkits related to verification process.
working hours requirement.

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The RBI had constituted an internal working group Common use products like hair oil, soaps and
before coming out with the draft guidelines toothpaste will be charged with GST of 18 per cent
instead of present 22-24 per cent tax incidence.
The final guidelines issued on 19 May are operational
with immediate effect Milk and curd will be exempted from taxation when the
Goods and Service Tax.

'Mithai' or sweets will attract 5 per cent GST levy.


YES Bank launches affordable home loan YES Khushi
for people in EWS/LIG segments Daily-use items like sugar, tea, coffee (barring instant
coffee and instant tea) and edible oil will attract the
YES Bank, Indias fifth largest private sector bank, has
lowest tax rate of 5 per cent, almost the same as
launched YES Khushi Affordable Home Loans. This
current incidence. Instant tea and coffee are expected
product has been designed to cater to the housing
to be in a separate bracket.
needs of the common man in the EWS / LIG segment,
fulfilling probably their biggest dream of owning a Automobiles will attract 28 per cent GST, with luxury
house. vehicles facing an additional cess of 15 per cent.

YES Khushi Home Loans has partnered with more than Small petrol cars will face 1per cent GST, while diesel-
500 builders across 35 cities and towns across India. powered small cars will attract 3 per cent GST.

YES Bank is also empanelled with the National Housing In addition, bikes with engine capacity of over 350cc,
Bank (NHB) for dispensation of the housing loan which are seen as luxury goods, will see a new cess of
subsidy under the Pradhan Mantri Awas Yojana (PMAY) 3 per cent.
scheme to help customers avail this subsidy scheme.
For coal, there will be reduction of tax from 11.69 per
A sizeable portion of the customer base has received cent to 5 per cent, helping lower the cost of power.
the subsidy in the first eight months of operation.
Similarly, the burden on those buying refrigerators or
washing machines will come down from around 31-32
per cent to 28 per cent.
GST Council announces GST Rates of 1211 items

The Goods and Services Tax (GST) Council on 18 May


2017 fixed the GST rates for specific products which GST Council fixes 4-tier tax slab for services
may lead to lower prices for a majority of products of
The Goods and Services Tax (GST) Council on 19 May
mass consumption.
2017 finalised a four-tier structure for taxation of
Moreover, the GST Council also fixed the deadline for services in line with the tax slab for goods. This four-
rolling out the GST on 1 July 2017 to create a single tier tax slab includes- 5, 12, 18 and 28 per cent.
national market.
The bulk of services will fall in the 18 per cent bracket,
GST Rates of 1211 items were finalised by the GST including financial services such as banking and
council with 81 per cent of them facing a levy of up to insurance, telecom, information technology,
18 per cent. However, GST Council has still to decide government services such as auction of resources
on the GST levy on gold, biscuits, packaged and including spectrum, and restaurants that have air-
branded cereals, footwear, bidis and textiles. conditioning or serve liquor.

Slabs

GST Rates of various commodities 5 % - Transport services, Cab aggregates like Ola and
Uber, Restaurants with Rs 50 lakh annual turnover, AC
Foodgrains, cereals and milk will cost less from 1 July
rail travel, Economy Air tickets
as the GST Council decided to exempt these daily-use
commodities from the GST levy. 12 % - Non-AC restaurants that dont serve liquor,
Hotels with room tariffs below Rs 2500, Business class
air travel, Work contracts

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18 % - Hotels with Rs 2500-5000 room rents, Telecom Digital payment wallet service Paytm on 23 May 2017
and Financial Services, AC Restaurants with liquor launched its Payments Bank operations by launching its
license first physical branch in Noida.

28 % - Five-Star Hotels, Movie Tickets, Racing, Betting Paytm Payments Bank will be the first bank in the
on Racing, Casinos country to offer cashbacks on deposits. The bank will
now be expanded to 31 branches and 3000 customer
GST Rates for Services
service points in the first year.
Education, Healthcare and Third Tier Railway Travel will
With this launch, there are now three payments bank
be exempted from GST.
operational in the country, the other two being Airtel
Goods transport and Cab aggregates like Ola and Uber Payments Bank Ltd and India Post Payments Bank Ltd.
will attract a 5 per cent GST. This low GST is due the
As a Payments Bank, Paytm will be able to accept
reason that there is no input tax credit for their key
deposits up to Rs 1 lakh per customer in savings or
input 'fuel'. However, the tax will go up once petrol and
current accounts.
diesel are brought under the GST.
Customers will also be offered zero charges on all
Hotels and restaurants, depending on their services,
online transactions and no minimum balance
will attract different tax rates.
requirement.
Non-AC restaurants and those that dont serve liquor
For Savings Accounts, it will offer an interest of 4 per
will attract 12 per cent GST. Smaller restaurants with
cent per annum in line with the interest rates of all
less than Rs 50 lakh annual turnover can avail of the
leading commercial banks. It will also offer current
composition scheme with 5 per cent GST.
accounts to its millions of merchants.
As for the hospitality industry, those with room tariffs
It will offer Rs 250 cashback to customers depositing Rs
below Rs 2500 will face 12 per cent GST, those with Rs
25000 to Payments Bank account.
2500-5000 rents will face 18 per cent GST and five-star
hotels will face 28 per cent GST. Renu Satti is the CEO of Paytm Payments bank.

Business class air travel will attract 12 per cent GST


while economy tickets will face 5 per cent GST.
SBI introduces cashless drive "SBI Fastag" through toll
In the case of railways, AC rail travel will face 5 per cent plazas
GST with the facility of input credit of services, while
State Bank of India (SBI) has launched a cashless drive
sleeper, metro ticket and seasonal passes will remain
through toll plaza product for its customers here.
exempt.
The product, christened SBI Fastag, is a card that works
Railway freight will face 5 per cent tax with input tax
on Radio Frequency Identification (RFID) technology.
credit for services.
Money can be loaded on the card. It is affixed on the
Work contracts that now attract 6 per cent service tax windscreen of the vehicle and enables it to drive
plus state taxes of 1-2 per cent without any input tax through toll plazas without stopping for cash
credit, will now face 12 per cent with input tax credit. transactions by allowing auto debit of toll amount from
the card balance.
Telecom and Financial Services will attract 18 per cent
GST, which is the standard rate for services.

A peak rate of 28 per cent will be charged on five Union Cabinet approves abolition of Foreign
services including five-star hotels, movie tickets, racing, Investment Promotion Board
betting on racing and casinos.
The Union Cabinet, chaired by the Prime Minister
Tax on e-commerce was fixed at 1 per cent. Narendra Modi, on 24 May 2017 approved the
proposal to phase out the Foreign Investment
Promotion Board (FIPB).
Paytm launches Payments Bank
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The proposal approved entails abolishing the FIPB and The Central Road Fund (Amendment) Bill, 2017 would
allowing administrative Ministries and Departments to be moved by the Union Ministry of Road Transport &
process applications for Foreign direct investment (FDI) Highways in the ensuing Monsoon Session 2017 of the
requiring government approval. Parliament.

Hereafter, the work related to the processing of


applications for FDI and approval of the Government
Government tweaked Startup definition, benefits to
thereon under the FDI Policy and FEMA, shall now be
now flow for 7 years
handled by the concerned Ministries in consultation
with the Department of Industrial Policy & The Union Government on 25 May 2017 introduced
Promotion(DIPP), Ministry of Commerce. minor changes to the startup definition, saying a
business not older than seven years will now qualify for
DIPP will also issue the Standard Operating Procedure
benefits under the Startup India Action Plan.
(SOP) for processing of applications and decision of the
Government under the extant FDI policy. Earlier, companies which were not older than five years
from the date of incorporation were eligible for
Presently, applications are considered by FIPB in
concessions under the plan, which was announced in
Department of Economic Affairs (DEA) for making
2016.
recommendation on FDI applications. But after this
decision of Union Cabinet, the applications would now New Definition: Under the new definition, an entity
be handled independently by Administrative Ministries shall be considered as a startup if its turnover is less
as per Sector. than Rs 25 crore - which remains unchanged - and has
not completed seven years from the date of its
Detailed New Mechanism
incorporation/registration. However, in the case of
Different sectors, that require approval, would be startups in the biotechnology sector, the period shall
dealt directly by the concerned ministries. be up to 10 years.

The proposals related to security will require the


approval of Home Ministry.
ICICI Bank Launches Global Payments Platform
Those proposals which are presently pending before Money2India
the FIPB will be sent back to the concerned ministries.
ICICI Bank on 29 May launched a new website and
The FDI proposals above Rs 5000 crore will continue to mobile application called Money2India (M2I) an
come under the purview of the Cabinet Committee on online money transfer service for Non-Resident Indians
Economic Affairs (CCEA). (NRIs).

Chanda Kochhar, MD & CEO of ICICI Bank said, The


Money2India website and mobile app have been
Union Cabinet approves allocation of 2.5 per cent of
significantly enhanced to provide ease of sending
Central Road Fund for development and maintenance
money to India. It allows registered NRI customers to
of National Waterways
transfer money to India in just 3 clicks if it is frequently
The Union Cabinet, presided by the Prime Minister transferred.
Narendra Modi, on 24 May 2017 gave a green signal to
Here are key features of the newly launched M2I:
a proposal jointly mooted by the Union Ministry of
Shipping and the Union Ministry of Road Transport & Transfer can be possible in just three easy clicks for
Highways (MoRTH) for amendment of Central Road customers who have been making frequent
Fund Act, 2000. transactions.

After the amendment, 2.5 per cent of the proceeds of The mobile app of M2I can be accessed through
Central Road Fund (CRF) will be allocated for biometric authentication in addition to the login ID and
development and maintenance of National Waterways password. The application is available on any Android
(NWs) and a reduction in the share provided for and iOS phones.
development of National Highways.

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M2I website also offers an option to pay bills and other invalidating old Rs 500 and Rs 1000 notes as legal
expenses directly to over 100 entities which includes tender. These new notes have additional security
payments like utility, telephone, insurance and prepaid features to avoid counterfeit and printing of fake
mobile recharge among others. currency notes.

Also, NRIs who are customer of any bank globally can At present, the government only mints one rupee coins
opt this M2I website for transferring money to any for public usage.
bank situated in India.
The new one rupee note contains the words
above the words "Government of India" with
Federal Bank launches new trading platform "Selfie" the bilingual signature of Secretary, Ministry of Finance
Federal Bank, in association with Geojit, has launched and with the replica of new rupee one coin with
a new trading platform called Selfie for customers. symbol of 2017 issued with and
capital insert letter L in the numbering panel.
Designed and managed by Geojit, the trading platform
will give its users absolute control over their The surrounding design consists of the picture of 'Sagar
investments with timely research inputs to make sound Samrat' - the oil exploration platform - and authentic
investment decisions. The tablet edition of Selfie for rendering of value in fifteen Indian languages in the
Android and IOS users is available in app stores for language panel with the year figure shown on the
download. centre bottom in international number.

HP India, KPMG launch 'GST solution' for traders, Axis Bank launches app Axis OK for feature phones
MSMEs
Axis Bank has launched Axis OK - a light, multilingual,
HP India and KPMG in India have joined hands to non-data app for basic banking services through
launch a comprehensive 'GST solution' to help feature phones.
transition millions of traders and micro, small and
"The app, which is under 900 KB in size is one of the
medium enterprises (MSMEs) to Goods and Services
lightest banking applications currently available for
Tax (GST) regime.
download," the bank said in a statement today.
The 'GST solution' has the capability to support users
The app empowers users of feature phones to access
to file all their transactions as per the new tax norms in
basic banking digitally, without consuming data.
a convenient manner and also reduce the invoice
reconciliation requirement of large companies. Besides providing the customer with a snapshot bank
accounts and debit/credit cards, the app enables fund
transfers as well as mobile and DTH recharge.
RBI to soon re-introduce one rupee currency notes

After almost a gap of two decades, the Reserve Bank of


PNB gets $100 mn from ADB for solar rooftop fund
India (RBI) is ready to bring back the one rupee notes
in circulation. These notes will mostly be pink-green in State-owned Punjab National Bank has received USD
colour on both sides and could have combination of 100 million (about Rs 645 crore) as the first tranche of
other colours too. ADBs multimillion dollar funding for installation of
rooftop solar systems in India.
The government had halted printing and circulation of
one rupee notes in November 1994 when it started The USD 100 million loan agreement signed between
working out to be too expensive. At that time, the the Asian Development Bank and PNB is backed by a
government needed to free up the capacity for printing guarantee from the central government.
notes of higher denominations.
PNB will deploy this fund as loan to various developers
In November last year, the central bank had released and end users to install large solar rooftop systems on
new Rs 2000 and Rs 500 notes just after the

10 | P a g e
industrial and commercial buildings throughout India, HDFC Life, one of Indias leading private life insurance
ADB said in a release. companies, announced the launch of Indias first life
insurance email bot. The email bot, named SPOK, can
automatically read, understand, categorise, prioritise
Bijlipay launches India's first Bharat QR code and respond to customer emails that are sent to HDFC
recognising POS machine Life, within milliseconds, the company said in a press
release.
Bijlipay, an end to end digital payment solutions
company, is the first Indian Point-of-Sale (PoS) devices This automation initiative will enable HDFC Life to
providing company to enable Bharat QR code on the respond to user queries faster and more efficiently and
screens of its POS machines. According to RBI, the consistently. It will also help generate deeper insight on
Bharat QR Code is the worlds first inter-operable customer needs by identifying patterns in customer
payment acceptance solution. interactions and facilitating HDFC Life to progressively
anticipate and address all customer issues and needs.
Bijlipay firmly believes that its not just providing digital The deployment of SPOK will improve customer
payments devices that will cultivate the habit of experience, while providing the support staff with the
cashlessness in Indians. It will take a lot more of bandwidth to focus on customer satisfaction and
handholding, education & awareness to see the actual delight.
conversions to digital payments in tier II-III cities.
HDFC Life has embarked on this initiative in
collaboration with Senseforth, a startup that offers a
HDFC Life launches Indias first life insurance email wide range of enterprise bots built on its AI platform.
bot SPOK

News related to Industry & MoUs

DoT launches Tarang Sanchar web portal for countries. The signed agreements include agreement
information on Mobile Tower Radiation on shipping and air services.

The Department of Telecom (DoT) on 2 May 2017 These agreements/MoUs were inked during the state
launched 'Tarang Sanchar web portal, a portal that will visit of President of Cyprus Nicos Anastasiades to India
allow people to track radiation emitted from mobile from 25 to 29 April 2017. He was on a visit to India on
towers within a locality and check their compliance the invitation by President Pranab Mukherjee.
with the stipulated norms.
The signed MoUs/Agreements include
The portal will help in clearing myths and
Executive Programme on Culture Education
misconceptions about mobile towers and emissions
and Scientific Cooperation (EPCEC) for the year
from them.
2017-2020
Through this portal, status of the towers will be Work Plan under programme of Cooperation in
available to the users. the field of Agriculture for 2017- 18
Merchant Shipping Agreement
Air Services Agreement
India-Cyprus signed four agreements to boost the
bilateral relations
Industries found illegally dumping e-waste near
India and Cyprus in April 2017 signed four agreements
Ramganga River to pay Rs 1 lakh
to boost the bilateral relationship between the two

11 | P a g e
The National Green Tribunal announced on 3 May 2017 The MoC also provide a platform for Indian Railways to
that anyone found dumping electronic waste (e-waste) interact and share the latest development and
on the banks of Ramganga River in Moradabad, Uttar knowledge in the railway sector.
Pradesh would be fined a sum of Rs one lakh as
environment compensation.
Union Cabinet approves National Steel Policy 2017
The decision was taken by a bench headed by NGT
Chairperson Justice Swatanter Kumar. Explaining the The Union Cabinet, presided by the Prime Minister
move, the bench stated that it had been brought to Narendra Modi, on 3 May 2017 gave its approval for
their notice that huge quantity of hazardous e-waste National Steel Policy (NSP) 2017.
generated from various industries in powder form was
being disposed on the bank of the river and the same The Policy embodies the long term vision of the
was duly verified by a joint inspection conducted by Government to give impetus to the steel sector.
Central Pollution Control Board (CPCB). It seeks to enhance domestic steel consumption and
ensure high quality steel production and create a
technologically advanced and globally competitive
RDEL gets approval to exit debt restructuring scheme steel industry.
Reliance Defence and Engineering Limited (RDEL), Key features of the National Steel Policy 2017:
controlled by Reliance Infrastructure (RInfra), on 2 May
2017 said it has received approval for exiting the Create self-sufficiency in steel production by
corporate debt restructuring (CDR) scheme. The providing policy support & guidance to private
approval for exit plan of RDEL was granted by the manufacturers, MSME steel producers, CPSEs
consortium of lenders led by IDBI. Encourage adequate capacity additions
Development of globally competitive steel
According to RDEL, it has received the approval from manufacturing capabilities
the CDR Empowered Group (CDR-EG) for exiting the Cost-efficient production
scheme. The company in a statement said, "As part of
the refinancing scheme approved by the lenders, the Key highlights of the Policy:
door-to-door tenure of RDEL's term loans stands
The NSP 2017 aims to achieve 300 million
extended to 18 years".
tonnes of steel-making capacity by 2030.
It seeks to increase consumption of steel and
major segments are infrastructure,
Union Ministry of Textiles observes Swachhta automobiles and housing. It also seeks to
Pakhwada throughout the country increase per capita steel consumption to the
The Union Ministry of Textiles is observing Swachhta level of 160 Kgs by 2030 from existing level of
Pakhwada from 1 May to 15 May 2017. It was around 60 Kg.
inaugurated by the Ajay Tamta, Minister of State,
Textiles, in Udyog Bhawan, New Delhi.
India-Spain civil aviation Memorandum of
The aim of the fortnight-long observance of Understanding approved
programmes is to spread the message of cleanliness.
The central government on Wednesday approved a
cooperation agreement between India and Spain in the
Union Cabinet approves cooperation between Indian civil aviation sector.
and Japan on Railway Safety The decision to approve the signing of a Memorandum
The Union Cabinet, presided by the Prime Minister of Understanding (MoU) on cooperation in the sphere
Narendra Modi, on 3 May 2017 gave its ex-post facto of civil aviation was taken by the Union Cabinet, whose
approval to the signing the Memorandum of meeting was chaired by Prime Minister Narendra Modi.
Cooperation (MoC) with Japan on Railway Safety.

The MoC was signed in February 2017.


12 | P a g e
Bharti Airtel and Ola Cabs tie-up to offer integrated employment data. The task force to be headed by NITI
digital services Aayog Vice Chairman Arvind Panagariya and will be
responsible for creating a methodology to generate
Telecommunications services provider Bharti Airtel on
timely and reliable employment data.
8 May 2017 partnered with taxi app aggregator Ola
Cabs to offer a range of exciting digital services to It will also recommend solutions which can be
customers. implemented in a time-bound manner. Other members
of the task force are
Both the companies will collaborate to deliver
enhanced convenience for customers by leveraging the Labour Secretary M. Sathiyavathy
strengths of their respective portfolios. Secretary of the statistics department T.C.A.
Ananth
Ola will leverage Airtels integrated suite of enterprise
NITI Aayogs Pulak Ghosh
services to power its operations, while Airtel will
Chairman and co-founder of staffing firm
leverage Olas vast network of hundreds and
Teamlease Services Ltd Manish Sabharwal
thousands of driver partners.
In view of the importance of timely and reliable data on
employment, Prime Minister Narendra Modi has
Jharkhand government partners with Oracle to boost directed his Office and concerned Ministries to come
IT infrastructure up with a solution to fill the long-standing gap in the
countrys statistical architecture.
Global technology giant Oracle has signed an
agreement with the government of Jharkhand and will
explore partnerships intended at improving citizen
Indian Coir Sectors export revenue touched all time
services, transparency in governance along with setting
high in fiscal 16-17
up of start-up incubation hubs and data centres.
The Indian Coir sectors revenue from exports touched
The scope of the agreement includes investment in
an all time high of Rs 2282 Cr by value and 9.57 Metric
training through the Oracle Academy, developing
Tonnes in quantity in the 2016-17 financial year.
prototypes and applications that will help citizens in
accessing various government services and incubating These figures were revealed by Union Minister for
start-ups among others. Micro Small and Micro Medium Enterprises Giriraj
Singh on 13 May 2017 during a press conference in
Oracle had signed a similar agreement with the
Kochi.
government of Maharashtra in April last year.
The Minister was joined by the Coir Board Chairman C
P Radhakrishnan.
Gadkari inaugurated countrys 1st bio refinery plant

Nitin Gadkari, the Union Minister for Road Transport


India and UK to sign MoU to increase efficiency of
and Highways inaugurated Indias first biorefinery
urban transport system
plant that produces ethanol from a variety of biomass
in Pune on 7 May 2017. India & UK have agreed to sign a memorandum of
understanding (MOU) on bilateral cooperation
Speaking on the occasion, Gadkari stated that such
between the Indian Ministry of Road Transport and
projects will help stage a great revolution in Indias
Highways and Britains Transport For London (TFL) in
agriculture sector. The project is located at Rahu, a
urban transport policy planning, technology transfer
village in Daund Taluka in Pune District of Maharashtra.
and institutional organization of transport on 12 May
2017.
Union Government sets up a task force to compute The decision was taken during the three-day official
reliable and timely employment data visit of Nitin Gadkari, the Minister of Road Transport &
Highways and Shipping, to Britain.
The Union Government led by Prime Minister Narendra
Modi on 9 May 2017 created a task force on
13 | P a g e
resources, depending on the weather conditions and
availability of waste products.
Union Cabinet approves proposal to set-up Indian
Agricultural Research Institute in Assam The project, the first of its kind in the country, will be
inaugurated by President Pranab Mukherjee.
At the Union Cabinet meeting held on Wednesday,
headed by Prime Minister Narendra Modi, the
government decided to set up the Indian Agricultural
India imposes anti-dumping duty on glasses and
Research Institute (IARI) in Assam of worth Rs. 155
Chinese radiators
crore to promote agri-education and realize second
green revolution in the northeastern region. India has imposed anti-dumping duty on certain types
of glasses from Iran and aluminium radiators from
The Cabinet has approved the agriculture ministry's
China in order to protect the domestic industry from
proposal to set up an IARI in Dhemaji district in Assam.
cheap imports.
It has also approved 98 positions, an official statement
said. While an anti-dumping duty of about USD 55.59 per
tonne has been imposed on clear float glass, duty of
The IARI-Assam would focus more on research
about USD 22.89 has been slammed on imports of
activities and will teach 67 MSc students and 106 Ph.D.
aluminium radiators.
students, Goyal said, adding that it will promote
research in agriculture and benefit eight north eastern The imposed fine on both products would be effective
states. for a period of five years.

Clear float glass is a superior quality glass that is used


in construction, refrigeration, mirror and solar energy
Sri Lanka backs India's Stand on China-Pak Economic
industries.
Corridor

Sri Lanka, which was a participant of Chinas One Belt


One Road (OBOR) conference in Beijing, on 16 May India, Palestine sign five agreements for cooperation
2017, backed Indias concern about Kashmir. The two- in different sectors
day conference in Beijing brought together leaders
from 29 countries. India and Palestine on 16 May 2017 signed 5
agreements for cooperation in different areas
Speaking to PTI, Sarath Amanugama, Sri Lanka's including agriculture, health and Information
Minister on Special Assignment said, it is difficult for Technology.
New Delhi to accept the China-Pakistan Economic
Corridor (CPEC) as it goes through the heart of Indian The Agreements were exchanged after delegation-
interests. He also said, if it would have been some level talks between Prime Minister Narendra Modi and
uncontested region, India would have negotiated its Palestine President Mahmoud Abbas in New Delhi. The
way out. two leaders reviewed the entire gamut of bilateral
relations, regional and international issues.

List of MoUs inked during the visit of President Abbas


Indias first smart grid to generate power from include
renewable energy sources
MoU on Visa Exemption on Diplomatic and
The Indian Institute of Engineering Science and Official Passports
Technology (IIEST) has successfully created the MoU on Cooperation in Youth Affairs and
country's first smart grid project that will generate Sports
power from renewable sources of energy. MoU on Agricultural Cooperation
Speaking on the same, Ajoy Kumar Roy, the Director of MoU on Cooperation in Health Sector
IIEST stated that the grid will be synchronised to MoU on Information-Technology and
generate power from solar, wind and vegetable waste Electronics

14 | P a g e
Later in a joint press statement, Prime Minister Modi with electrification between Phephana-Indara and
said, challenges in West Asia must be addressed Mau-Shahganj (excluding Indara-Mau) in Uttar Pradesh
through political dialogue. He also said that India and (UP). This electrified doubling line will spread across
Palestine will work together for capacity building and 150 km approximately.
Ramallah will be made an IT hub.
The respective length of the Phephana-Indara and
Mau-Shahganj lines will be 50.53 km and 99.75 km
respectively.
VO Chidambaranar Port Trust and TANGEDCO sign
MoU to upgrade Coal Jetties The estimated cost of the Project will be Rs 1028.95
crore with expected completion cost of Rs 1190.98
The VO Chidambaranar Port (VOCP) on 15 May 2017
crore. The project is likely to be completed in next five
signed a Memorandum of Understanding (MoU) with
years.
Tamil Nadu Generation and Distribution Corporation
Limited (TANGEDCO) for the upgradation of Coal Jetty
I and II.
CCEA approves restructuring plan for Hindustan
As per the MoU, VOCP intends to increase the capacity Organic Chemicals Ltd
of two of its Coal Jetties I and II from 6.25 MTPA to 24
The Cabinet Committee on Economic Affairs (CCEA),
MTPA.
chaired by the Prime Minister Narendra Modi, on 17
The MoU was signed by S Anantha Chandra Bose, May 2017 approved a restructuring plan for Hindustan
Chairman of VO Chidambaranar Port Trust and M Sai Organic Chemicals Ltd (HOCL).
Kumar, Chairman cum Managing Director of
This came following the observation that Hindustan
TANGEDCO.
Organic Chemicals Ltd became a more of a loss making
The estimated cost for upgrading Coal Jetties I & II is and sick Central Public Sector Enterprise (CPSE) under
about Rs 800 crore. the Department of Chemicals & Petrochemicals.

CCEA approves Industry-Academia Collaborative Union Cabinet approves construction of 10 units of


Mission Indias indigenous Pressurized Heavy Water Reactors

The Cabinet Committee on Economic Affairs on 17 May The Union Cabinet, presided by the Prime Minister
2017 gave its approval for Industry-Academia Narendra Modi, on 17 May 2017 gave a green signal for
Collaborative Mission for accelerating discovery the construction of 10 units of Indias indigenous
research to early development for biopharmaceuticals Pressurized Heavy Water Reactors (PHWR).
- "Innovate in India (13) empowering biotech
The move aims to fast-track Indias domestic nuclear
entrepreneurs & accelerating inclusive innovation."
power programme and give a push to countrys nuclear
The Mission will be funded by the Government of India. industry.
It will be implemented by Biotechnology Industry
The 10 PHWR project will result in a significant
Research Assistance Council (BIRAC), which is a Public
augmentation of nuclear power generation capacity.
Sector Undertaking of Department of Biotechnology
The total installed capacity of the Plants will be 7000
(DBT).
MW.
The Industry-Academia Collaborative Mission would be
a Pan-India program.
BSNL inks pact with Facebook, Mobikwick

BSNL, a state-owned telecom operator has signed


CCEA approves electrified doubling line between
various agreements with Facebook and MobiKwik as it
Phephana-Indara and Mau-Shahganj in UP
is eyeing to popularise the internet and its value added
The Cabinet Committee on Economic Affairs (CCEA) on services among its users.
17 May 2017 approved the construction of double line

15 | P a g e
The pacts were signed to commemorate the World which makes investments in a wide range of projects,
Telecommunication and Information Society Day. including transmission and power distribution among
Bharat Sanchar Nigam Ltd (BSNL) and Facebook, under others.
the signed MoU, will provide connectivity for the social
network's 'Express Wi-Fi Program'.
India becomes second largest steel producer in the
The social media website, Facebook through public
world
hotspots offers internet facility in rural parts of the
country, under the Express Wi-Fi Service, with a As per the data released by the International Stainless
partnership with other telecom operators. Steel Forum (ISSF) in May 2017, India overtook Japan
to become the second-largest steel producer in the
The company along with MobiKwik will work together
world in 2016.
to co-create a BSNL mobile wallet to facilitate payment
for its services and products, under the MoU. The data was released by the International Stainless
Steel Forum at a annual conference in Tokyo, Japan.

Indias stainless steel production rose to 3.32 million


Microsoft India inks MoU with Telecom Sector Skill
tons for 2016. The data showed a growth of about 9 per
Council
cent over 3.0 million tons achieved in 2015.
Microsoft India on Monday signed a Memorandum of
As per the data, the top producer of the steel of the
Understanding (MoU) with the Telecom Sector Skill
world in the year 2016 is China.
Council (TSSC) to drive skill development through
"Project Sangam". During 2014 and 2015, India was the third largest
producer of raw steel and the largest producer of
"Project Sangam" is a Cloud hosted platform that
sponge iron in the world.
leverages Microsoft Azure services, as well as the
power of LinkedIn, to provide an integrated mobile- The industry produced 91.46 million tons of total
first platform for skilling, and employment. finished steel and 9.7 million tons of pig iron.
Telecom Sector Skill Council is a not-for-profit public- Most iron and steel in India is produced from iron ore.
private partnership between National Skill
Development Corporation and the telecom industry.
Modis two-day flagship, Start up India Summit
begins in UAE
Haryana govt signs five MoUs worth Rs 18,000 crore
in Singapore The two-day Start up India Summit began in Abu
Dhabi, the capital of the United Arab Emirates (UAE) on
The Haryana government signed five agreements with 23 May 2017.
Singapore-based companies to attract Rs 18,000 crore
investment in development projects in infrastructure The summit is the first of its kind to be held in the UAE.
and industrial sectors. It is being organised by the Consul General of India
(CGI) in Dubai and the Embassy of India in Abu Dhabi in
Haryana Chief Minister Manohar Lal Khattar said here partnership with iSPIRIT, a non-profit think tank and
the companies will study various aspects of supported by TiE, Dubai, a non-profit association
undertaking projects in the state. dedicated to fostering entrepreneurship.
"These five MoUs are worth Rs 18,000 crore of The main aim of the summit is to provide a common
investment in the state," he said, after attending the platform for the Start up eco system in both India and
signing ceremony and addressing nearly 100 UAE in order to encourage greater collaboration,
Singaporean businessmen at the venue. exchange of ideas and interaction with academia,
investors and industry.
The five MoUs were signed with Meinhardt Group, YCH
Logistics for Logistics projects, Ascendas Singbridge for The summit also aims to provide the start ups with
Townships/Logistics parks development, Adonis for access to the funding from venture capitalists in the
Wellness projects and equity investor Equis Energy UAE.
16 | P a g e
Addressing the gathering on this occasion, the Prime
Minister said that infrastructure, efficiency and
Union Government launches SEVA mobile app for
transparency are the vital pillars of economic growth.
quick tracking of coal dispatch
He said good ports are essential for the progress of
Union Minister of State for Power, Coal and New and India and Kandla has emerged as one of the finest ports
Renewable Energy Piyush Goyal on 23 May 2017 in Asia. Modi thanked the people of Kandla for the
launched mobile app Saral Eindhan Vitaran App (SEVA) memorable welcome.
for quick tracking of coal dispatch.

This unique monitoring app was a joint initiative of the


Cabinet approves MoU between Spain and India on
Union Ministry of Power, Coal and New and Renewable
Organ Transplant Services
Energy and Coal India Limited (CIL).
The Union Cabinet chaired by Prime Minister Narendra
The app will provide complete information of
Modi approved the signing of a Memorandum of
departmental functioning and transparency to the
Understanding (MoU) between India and Spain on
public.
cooperation in the field of Organ Transplant Services
It will track coal dispatch to 118 power plants through on 24 May 2017.
fuel supply agreement (FSA) of around 500 MT.
The MoU was signed between the National Transplant
Organization, Ministry of Health, Social Services and
Equality in Spain and the Directorate General of Health
PM Narendra Modi calls for creation of Asia-Africa Services, Ministry of Health and Family Welfare in
growth corridor for development of Africa India.
Prime Minister Narendra Modi on 23 May 2017 called The agreement would enhance bilateral cooperation
for the creation of an Asia-Africa growth corridor for between India and Spain in the field of organ and tissue
the development of Africa. procurement and transplantation.
Modi called for the creation of this corridor while
inaugurating the 52nd Annual Meeting of African
Development Bank (AfDB) at Mahatma Mandir in 8 MoUs signed at India-Pacific Islands Sustainable
Gandhinagar, Gujarat. The core theme of the Annual Development Conference
Meeting is Transforming Agriculture for wealth
India has hosted a two-day Pacific Islands Conference
creation in Africa.
in Suva, the capital city of Fiji. The India-Pacific Islands
The meeting of African Development Bank is a five-day Sustainable Development Conference held between 25
event that will witness about 3,000 delegates from 81 and 26 May 2017 was hosted by Ministry of External
member countries. Affairs.

This is the first time that African Development Bank is The conference that was inaugurated by the Acting
holding its annual meetings in India with a view to Fijian Prime Minister Aiyaz Sayed- Khaiyum saw the
bolstering ties. signing of eight MoUs on the day of inauguration.
These MoUs were signed on 25 May 2017 by five
participating nations, namely Fiji, Cook Islands, Nauru,
PM Modi inaugurates series of projects in Gujarat Samoa and Niue.

Prime Minister Narendra Modi on 22 May 2017 MoUs


inaugurated and laid the foundation stone for various 1. MOU for cooperation on broadcasting
projects of the Kandla Port in Kutch district of Gujarat. between Prasar Bharti, New Delhi, India and
The projects include construction of Dr Babasaheb Fiji Broadcasting Corporation for Exchange of
Ambedkar Convention Center, 14th and 16th Cargo Audio Visual Programmes.
berths, Railway Bridge at Sal junction, Mechanised 2. MoU between Ministry of New and Renewable
fertiliser handling facility and purchase of two mobile Energy of the Government of the Republic of
harbour crane. India and Ministry of Infrastructure and
17 | P a g e
Transport of the Government of the Republic 3. MoU for Research and Education in Marine
of Fiji on Co-operation in the field of Sciences and Technology. The agreement was
Renewable Energy. inked between Council of Scientific and
3. MoU between the Government of Republic of Industrial Research, India and Mauritius
India and the Government of the Republic of Oceanography Institute, Mauritius.
Fiji for establishing India Fiji Centre of 4. US Dollar 500 million Credit Line agreement
Excellence in IT. between SBM Mauritius Infrastructure
4. MoU between the Ministry of Youth and Sports Development Co. Ltd and Export-Import Bank
of the Republic of Fiji and the Ministry of Youth of India.
Affairs and Sports of the Republic of India on
Cooperation in the field of Youth
Development. Amul signs MoU with ISRO for fodder acreage
5. MoU between the Government of Republic of estimation
India and the Government of Cook Islands for
Establishing India Cook Islands Centre of Gujarat Cooperative Milk Marketing Federation
Excellence in IT. (GCMMF) on 30 May 2017 signed a Memorandum of
6. MoUbetween the Government of Republic of Understanding (MoU) with Indian Space Research
India and the Government of Republic of Organisation (ISRO) for fodder acreage assessment
Nauru for establishing India Nauru ICT using the satellite observation and space technology.
Learning Centre of Excellence in IT. Gujarat Cooperative Milk Marketing Federation
7. MoU between the Government of Republic of conducts its market operations under the brand name
India and the Government of Independent of 'Amul'.
State of Samoa for Establishing India - Samoa
Centre of Excellence in IT. As per the MoU, ISRO will help Amul in classification of
8. MoU between the Government of Republic of food crops and fodder crops at village level and also
India and the Government of Niue for locate suitable areas of current fallows and cultivable
Establishing India - Niue Centre of Excellence in wastelands at village level for green fodder cultivation.
IT.

India and Fiji Sign MoU on Defence Cooperation


India, Mauritius signed four agreements India and Fiji signed a Memorandum of Understanding
India and Mauritius on 27 May 2017 signed four on expanding cooperation in the defence sector on 29
agreements including maritime security, marine May 2017 in New Delhi.
science and technology. These agreements will help The MoU was signed between the Minister of Defence
the two nations to boost the bilateral relation between and National Security of Fiji, Ratu Inoke Kubuabola and
them. his delegation and the Minister of Defence, Finance
The agreements were signed after delegation-level and Corporate Affairs of India, Arun Jaitley.
talks between Prime Minister Narendra Modi and his
Mauritian counterpart, Pravind Kumar Jugnauth, who
was on a three-day state visit to India from 26 May to India Germany signed 12 agreements; Indo-German
28 May 2017. inter-governmental consultations held

List of Memorandum of Understandings India and Germany on 30 May 2017 signed twelve low-
(MoUs)/Agreements exchanged during the State visit profile Memorandum of Understandings
of Prime Minister of Mauritius to India (MoUs)/agreements to boost the bilateral relations
between the two nations. The agreements include
1. MoU for Setting up of Civil Services College in collaboration in the field of digitalization, skill
Mauritius development and cooperation in cyber policy.
2. Agreement on Maritime Security
Besides, the two nations also agreed to resume the free
trade talks between India and the European Union.
18 | P a g e
Here's a list of the agreements and JDIs: Information Technology and the Germany's
Ministry for Economic Affairs and Energy
1. Agreement on collaboration between the
Ministry of Skill Development and Germany's
BMBF (Federal Ministry of Education and
India, Spain sign 7 agreements during PM Modi's visit
Research). This agreement will facilitate
training of Indian skill development officers India and Spain on 31 May 2017 signed seven
and cluster managers Memoranda of Understanding (MoU) including one on
2. Agreement between the Ministry of Health cyber security and technical cooperation in civil
and BMG (Federal Ministry of Health) on aviation.
cooperation in health sector
3. Agreement between the AYUSH and BMG The MoUs were signed during Prime Minister Narendra
(Federal Ministry of Health) over cooperation Modi's visit to Spain.
in alternative medicine Highlights of the MoUs
4. JDI between Ministry of Science and
Technology and the BMBF (Federal Ministry of 1. The two sides signed one MoU on transfer of
Education and Research) for the establishment sentenced persons to respective countries.
of an Indo-German Centre for Sustainability 2. One of the MoUs was for the visa waiver
5. JDI between the Ministry of External Affairs scheme for holders of diplomatic passports.
and the German Foreign Office on cooperation 3. Four MoUs were signed between the two
on cyber policy countries on cooperation in organ
6. JDI between the Ministry of Finance and BMZ transplantation, cyber security, renewable
(Federal Ministry for Economic Cooperation energy and civil aviation.
and Development) on Indo-German 4. One MoU was signed between India's Foreign
Development Cooperation Service Institute and Diplomatic Academy of
7. JDI between the Ministry of Commerce and Spain.
Industry and BMWi (Federal Ministry for The agreements were signed after PM Modi held wide-
Economic Affairs and Energy) over ranging talks with Spanish President Mariano Rajoy at
continuation of cooperation in the field of the Moncloa Palace in the Spanish capital.
advanced training of corporate and junior
executives from India PM Modi is the first Indian Prime Minister to visit Spain
8. JDI between the Department of Heavy since 1988. Spain is India's seventh largest trading
Industries and BMBF (Federal Ministry of partner in the European Union. Two-way trade
Education and Research) on cooperation in between both the countries totalled for USD 5.27
vocational education and skill development for billion in the year 2016.
machine tools
9. JDI between the Ministry of External Affairs
and the German Foreign Office on India Mobile Congress 2017 to be held in September
collaboration between Foreign Service
Union Minister for Communications Manoj Sinha on 30
institutes of both the country
May 2017 made the formal announcement of
10. JDI between the Ministry of Railways and
organising India Mobile Congress 2017 (IMC 2017). The
German Ministry of Transport on cooperation
three-day IMC will be held from 27 to 29 September
in railway safety
2017 in New Delhi. The Ministry also launched the logo
11. JDI between the Ministry of Urban
of India Mobile Congress 2017.
Development and German Ministry for
Economic Cooperation and Development on IMC will be Indias first and biggest platform to bring
cooperation for sustainable urban together all stakeholders from the domain of
development Information and Communication Technology (ICT) and
12. JDI on cooperation in the field of digitalisation, take the Indian telecom industry at par with its
empowerment and economic impact between international counterparts.
the Ministry of Communications and

19 | P a g e
This is the first time India is all set to host its own Construction of Coastal Berth - Rs. 142.32 crore
mobile mega show
Flyover at Y Junction - Rs. 82.95 crore

Restructuring of Yard behind shallow water berth - Rs.


Gadkari lays foundation stone for 8 connectivity 115 crore
projects worth 1117 Cr at JNPT
Port Connectivity is among the four pillars of Ministry
The Minister of Shipping and Road Transport and of Shippings flagship Sagarmala programme.
Highways, Nitin Gadkari laid the foundation stone for
eight connectivity projects on 30 May 2017 at the
Jawaharlal Nehru Port Trust in Mumbai. Link Aadhaar Card with PAN using SMS: IT
Department
The projects worth Rs 1117.03 Cr aim to enhance
connectivity of the hinterland to the Port Trust. The Income Tax (IT) Department on 31 May 2017
announced that taxpayers can now link their Aadhaar
These projects include:
Card number with their Permanent Account Number
Integrated Common Rail Yard Facility at JNPT - Rs. 250 (PAN) by using an SMS-based facility.
crore
The two numbers can be linked by sending an SMS to
Connecting 4th Terminal of JNPT with Rail - Rs. 100 either 567678 or 56161.
crore
Moreover, people can also use the I-T Department's e-
Jasai-JNPT 3rd Railway Line - Rs. 150 crore filing website to link the two numbers.

Flyover at North Gate - Rs. 127.45 crore Aadhaar can also be linked into PAN database by
quoting Aadhaar in PAN application form for new PAN
Integrated Centralised Parking for Tractor-Trailers - Rs.
allotment or by quoting Aadhaar in change request
149.31 crore
form used for reprint of PAN card.

News related to India and States


Railway Bridge taller than Eiffel Tower to be built over The construction of this 1.315 km long highest bridge
Chenab River will require over 24000 tonnes of steel and will rise 359
m above the river bed.
Railways Ministry on 3 may 2017 announced to build
the world's highest railway bridge over the Chenab
river in Jammu and Kashmir in around two years from
PM Narendra Modi inaugurates Patanjali Research
now.
Institute in Haridwar
This railway bridge is expected to be 35 metres taller
Prime Minister Narendra Modi on 3 May 2017
than the Eiffel Tower of Paris. The massive arch-shaped
inaugurated Patanjali Research Institute at Haridwar,
structure of bridge is already under constructed at a
Uttarakhand.
cost of around Rs 1100 crore in hostile terrain.
Patanjali Research Institute was established with an
Designed to withstand wind speeds of up to 260 km per
aim to globally establish the Vedic knowledge of
hour, the bridge will connect Bakkal (Katra) and Kauri
Ayurveda of ancient India's saints and sages.
(Srinagar).
The Patanjali Research Foundation, a part of Patanjali
The bridge forms a crucial link in the 111-km stretch
Yogpeeth, was founded in August 2010.
between Katra and Banihal, which is part of the
Udhampur- Srinagar-Baramulla rail link project.

Prakash Javadekar launches Vidya Veerta Abhiyan

20 | P a g e
Prakash Javadekar, Union Minister of Human Resource It has a strike range of more than 2,000 km, is 20
Development, on 2 May 2017 launched the Vidya metres long, weighs 17 tonnes and can carry a payload
Veerta Abhiyan in New Delhi. of 1,000 kg.

In addition, the minister also released a collage of


photo portraits and book on Paramveer Chakra
Gadkari inaugurated The Highway Saga & SRISHTI
recipients. The portraits were presented to Vice-
exhibitions
Chancellors of Jawaharlal Nehru University, Delhi
University, Jamia Milia Islamia, Jammu and IIT Delhi, Union Minister of Road Transport and Highways, Nitin
among others. Gadkari inaugurated two exhibitions, The Highway
Saga: Past Present & Future and Safe Road & Inter-
The idea of having a Wall of Valour in universities was
State Highways Transforming India (SRISHTI) on 3 May
first proposed by a group of ex-servicemen.
2017 at the Vigyan Bhawan Lawns in New Delhi.

The exhibitions are being conducted as a part of the


Indians having US visa can now attain visa on arrival three-day India Integrated Transport and Logistics
in Dubai Summit 2017 (IITLS), which is being organised by the
Ministry of Road Transport and Highways (MoRTH)
Dubai has activated its visa-on- arrival facility for Indian
from 1 May to 5 May 2017.
nationals holding a valid US visa or a green card. The
first Indian national to avail the new facility arrived in
the city on 1 May 2017.
Cabinet approves Vijayawada Airport as International
The Indian nationals arrival was announced by Dubais Airport
General Directorate of Residency and Foreigners
The Union Cabinet led by Prime Minister Narendra
Affairs through a post that had the picture of the
Modi on 3 May 2017 approved the declaration of
passenger on the departments official Instagram
Vijayawada Airport as International Airport, as per the
handle.
provisions of Andhra Pradesh Reorganisation Act,
2014.

Indian army successfully test fires Block-III version of The move will help enhance connectivity to the State
BrahMos cruise missile capital. It will also expand the choice of services for the
air travellers and that too at competitive costs. This will
Indian Army on 2 May 2017 successfully test fired
encourage more international passengers to visit the
Block-III version of BrahMos supersonic cruise missile
city thereby, boosting domestic and international
in the Andaman & Nicobar Islands.
tourism and the socio-economic development of
The land-to-land configuration of BarahMos Block III Andhra Pradesh.
version was launched from a Mobile Autonomous
Launcher (MAL). This was fourth successive successful
launch of the missile. Odishas Sualgiri, Swalgiri communities notified as
Scheduled Castes

Odishas Sualgiri and Swalgiri communities in the first


India successfully test fires nuclear-capable Agni-II
week of May 2017 were notified as Scheduled Castes
ballistic missile
following President Pranab Mukherjees assent to a
India successfully test fired its medium-range nuclear- new law.
capable ballistic missile Agni-ll off the Odisha coast.
The Rajya Sabha in April 2017 had passed the bill on it
The trial of the surface-to-surface missile was after it was cleared by the Lok Sabha in March 2017.
conducted from Launch Complex-4 of Integrated Test
President Mukherjee gave the nod to the Constitution
Range (ITR) in the APJ Abdul Kalam Island in Balasore
(Scheduled Castes) Order (Amendment) Act, 2017, on
district, said Defence Ministry officials.
28 April 2017.

21 | P a g e
The Andhra Pradesh government is the registered
proprietor of the GI tag for Banganapalle mangoes,
South Asia Satellite successfully launched
often hailed as the king of fruits.
Indian Space Research organisation (ISRO) on 5 May
2017 successfully launched the South Asia Satellite.
The communication and broadcasting satellite was MP CM Shivraj Singh Chauhan inaugurates world level
launched with Geosynchronous Satellite Launch weapon production unit in Bhind district
Vehicle GSLV F-09 from the second launch pad of the
The world level weapon production unit Punj Lyod
Satish Dhawan Space Centre at Sriharikota at 4.57 pm.
Defence System was inaugurated in Malanpur
The South Asia Satellite was launched after a 28-hour Industrial Area of Bhind district of Madhya Pradesh.
long countdown that started on 5 May 2017 at The unit was jointly inaugurated on 4 May 2017 by
12.57pm. Chief Minister of Madhya Pradesh Shivraj Singh
Chouhan and Union Rural Development Minister
Participating nations: Six of Indias neighbours
Narendra Singh Tomar.
including Afghanistan, Bangladesh, Bhutan, Nepal,
Srilanka and the Maldives were the participants of the The state government claimed that it is the first small
space-based regional communication project. weapon manufacturing unit in private sector in the
country. It has been set up in the joint partnership of
Pakistan is not a part of this regional communication
Indias Punj Lyod and Israel Weapon Industry under the
satellite project because it denied from being a part of
Make in India Programme.
the project.
The joint venture company, Punj Lloyd Raksha Systems,
will help the armed forces in replacing their weapons
Facebook launches Express WiFi in India with sophisticated and high precision products.

Facebook on 4 May 2017 launched Express WiFi service


commercially in India.
Two Indian warships visit Egyptian port city
The Express WiFi offers Internet facility through public
Two Indian warships INS Mumbai and INS Aditya
hotspots to users in rural parts of India.
arrived in Alexandria, the Mediterranean port city in
The social network giant partnered with telecom Egypt on 5 May 2017.
operator Bharti Airtel that plans to bring an additional
The warships visited Egypt as a part of Indian Navy's
20000 hotspots online.
overseas deployment to the Mediterranean Sea and
The company previously launched the service the west coast of Africa. They are a part of Indian
commercially in Kenya. Navy's Western Naval Command based in Mumbai.

Andhra Pradeshs Banganapalle mango gets Every house in Haryana to get a smart ID
Geographical Indication tag
In Haryana, detailed data will be collected of every
The Banganapalle mango in the first week of May 2017 resident and every house would be allotted a smart
received a Geographical Indication (GI) tag. This makes house ID under a special mission.
Andhra Pradesh the proprietor of the variety known for
It was announced by the states Chief Secretary, D.S.
its sweetness.
Dhesi while presiding over a meeting of the Deputy
O P Gupta, the Registrar of Geographical Indications Commissioners of the state through video
Registry, Chennai, accorded the registration following conferencing on 7 May 2017 in Chandigarh. Dhesi
an application from Andhra Pradesh Horticulture stated that the smart house ID would be generated
Commissioner. through a tablet by visiting every house.

22 | P a g e
The work on the project is expected to commence from Powers) Act (AFSPA) for another 3 months. The entire
15 June 2017 and would be completed by 15 August state of Assam besides the bordering areas of
2017. Meghalaya were declared as Disturbed Areas.

The teams of Saksham and e-Numerator would be Moreover, the Union Government also placed three
visiting each house to feed their GPS location in the districts of Arunachal Pradesh- Tirap, Changlang and
tablets and create a smart house ID online thereby Longding and other areas falling under 16 police
linking the houses with biometric. stations bordering Assam as 'disturbed' area under the
AFSPA.

Baahubali 2 becomes first Indian film to collect Rs


1000 crore worldwide Union Home Minister announced SAMADHAN to
tackle of Left Wing Extremism
SS Rajamouli's Baahubali 2: The Conclusion became the
first Indian film to cross the RS 1000 crore mark with its SAMADHAN, a new doctrine or strategy against
worldwide collections. Reports suggest that trade Maoists, was announced by Union Home Minister
analysts have reported that the film has made over Rs Rajnath Singh. The doctrine was spelt out by Singh on
800 crore in India and more than Rs 200 crore in the 8 May 2017 during the Review Meeting of Left Wing
international markets. Extremism affected State.

The two films in the series namely Baahubali: The The meeting was convened to discuss an integrated
Beginning and Baahubali 2: The Conclusion had a security strategy and development works in 35 worst-
budget of around Rs 450 crore. affected districts. During the meeting, the Home
Minister explained the each component of the
Four languages in which the film was released include
Acronym and they are S-smart leadership, A-aggressive
Hindi, Tamil, Telugu and Malayalam.
strategy, M-motivation and training, A-actionable
intelligence, D-dashboard-based KPIs (key
performance indicators) and KRAs (key result areas), H-
India organises festival in Egypt to mark Tagore's birth harnessing technology, A-action plan for each theatre
anniversary and N-no access to financing.

The doctrine was released two weeks after the


To mark the 156th birth anniversary of the famous martyrdom of 25 CRPF personnel by the Maoists at
Indian poet, Rabindranath Tagore, India is organising a Sukma in Chhattisgarh.
cultural festival in Egypt. Being hosted by the Maulana The new doctrine, SAMADHAN will have 8 pillars and
Azad Centre for Indian Culture, the cultural wing of the they are
Indian Embassy in Cairo, the function started on 8 May
2017. 1. S- Smart Leadership
2. A- Aggressive Strategy
The cultural festival will feature a dance show, film 3. M- Motivation and Training
screening, a play and painting competition. 4. A- Actionable Intelligence
The festival will showcase the movie 'Kabuliwala' 5. D- Dashboard Based KPIs (Key Performance
directed by Hemen Gupta on 8 May 2017 at the Indicators)
Hanager Cinema, Opera House Complex. The film is 6. H- Harnessing Technology
based on a novel written by Tagore and tells the story 7. A- Action plan for each Theatre
of an immigrant from Kabul. 8. N- No access to Financing

Assam declared as Disturbed Area Under AFSPA for Justice Karnan is the first High Court judge to be
3 More Months sentenced to jail by Supreme Court

Assam state was on 6 May 2017 declared as a A seven-judge Constitution bench of the Supreme
'Ddisturbed' area under the Armed Forces (Special Court (SC), headed by Chief Justice J S Khehar, on 9 May
23 | P a g e
2017 sentenced Justice C S Karnan, the Calcutta High venues for the mega event besides the Uttar Pradesh
Court judge, to six months of imprisonment. capital, officials said.

Justice Karnan has been sentenced for imprisonment


for repeated incidents of contempt of court.
India, US exchange views on maritime developments
It is the first time that the Supreme Court has sent a in Asia-Pacific & IOR
high court judge to jail on charges of contempt.
India and the US in May 2017 exchanged views on
maritime developments in the Asia-Pacific and Indian
Ocean Region and considered steps to further
India and Japan affirm plans to strengthen their
strengthen bilateral maritime security cooperation.
defence cooperation amid rising tension in Asian
region The exchanges were made in the second round of the
India-US Maritime Security Dialogue. The dialogue
Defence Minister Arun Jaitley during his visit to Japan
between the two nations was held on 9 and 10 May
informed his Japanese counterpart, Tomomi Inada that
2017 in Newport, Rhode Island in the USA.
India hopes to pursue a strategic partnership with
Japan for regional peace and stability. His visit comes They also reviewed the implementation of the
at a time of rising tension in the region, including decisions taken at the first Maritime Security Dialogue
territorial rows in the South China Sea and nuclear and held in May 2016.
missile threats from North Korea.

Besides, Jaitley also welcomed a planned trilateral


Meeting of the Co-Chairs of the India-Russia
naval exercise involving the United States, India and
Intergovernmental Commission held in New Delhi
Japan in July 2017 as a way of strengthening
cooperation in the Asia-Pacific. The Co-Chairs of the India-Russia Inter-Governmental
Commission on Trade, Economic, Scientific,
Technological and Cultural Cooperation (IRIGC-TEC)
Ahmedabad to host a mega-event to celebrate was held on 10 May 2017 in New Delhi.
International Yoga Day
The delegations of the two nations were led by External
The city of Ahmedabad in Gujarat would be hosting the Affairs Minister Sushma Swaraj and Deputy Prime
biggest ever International Yoga Day event on 21 June Minister of the Russia Dmitry Olegovich Rogozin.
2017. During the meet, the two leaders reviewed the
progress made on various bilateral issues since the last
The same was announced by Yoga Guru Baba Ramdev
meet that was held on 13 September 2016. They also
while addressing a press conference in the city on 10
looked forward towards the preparations for the
May 2017. The Yogi announced that the event would
forthcoming India-Russia Annual Summit that is
witness participation from over 5 lakh people.
scheduled to be held in St. Petersburg on 1 June 2017.
The event would be inaugurated by the states Chief
Minister Vijay Rupani and BJP president Amit Shah
would be present at its concluding ceremony. PM Modi launches integrated case management
system of Supreme Court

The Prime Minister of India, Narendra Modi launched


Lucknow, City of Nawabs, to host International Yoga
the integrated case management system of the
Day main event
Supreme Court on 10 May 2017 at a function in New
Lucknow, the city of Nawabs, has been finalised to host Delhi.
the main event of the International Day of Yoga (IDY)
The inaugural event was attended by the Chief Justice
celebrations in which Prime Minister Narendra Modi
of India, Union Law Minister Ravi Shankar Prasad and
will participate.
judges of the apex court.
Earlier, the government was considering Bhopal,
Jaipur, Ahmedabad, Ranchi and Bengaluru as possible
24 | P a g e
The Integrated Case Management System will be Election Commission of India Launches National
connected with the Supreme Court website. Contact Centre

This move is the apex courts first step towards The Election Commission of India has launched
becoming a paperless, digital court. National Contact Centre with a toll free number-
1800111950.
Chief Justice of India, Jagdish Singh Khehar has
proposed to integrate the system with all the 24 high The move would enable any citizen from any part of the
courts and subordinate courts in the country. country to call on the toll-free number and get their
query or complaint addressed at any time of the day in
Hindi or English.
29th edition of CORPAT between India and Indonesia
The callers would be able to enquire on subjects such
begins at Port Blair
as elections, voting dates, electoral roll and online
The 29th series of India- Indonesia Co-Ordinated Patrol registration.
(CORPAT) commenced on 9 May 2017 at Port Blair
under the aegis of Andaman and Nicobar Command.
PM Modi launches Narmada river conservation
The closing ceremony of the CORPAT is scheduled at
project in MP
Belawan, Indonesia from 22 to 25 May 2017.
Prime Minister Narendra Modi launched the river
conservation project Narmada Seva Mission on 15
India to replace its research station in Antarctica May 2017 in Madhya Pradesh.

India has decided to replace its Maitri research station The project is a road-map for steps to be taken for the
in Antarctica with a new one in the next three to four conservation of the Narmada River in the state.
years. The same was announced by Madhavan Nair Speaking on the same before the launch, Modi said
Rajeevan, Secretary, Ministry of Earth Sciences on 9 that the mission will surely have a major impact on the
May 2017. states ecology.

Rajeevan made the announcement while speaking on The event was organised at Amarkantak, in Anooppur
the sidelines of a programme to formally commence district, the place from where the river originates.
ship building by Titagarh Wagons Ltd in Kolkatta, India.
The Prime Minister released a road map for the
He also stated that India is poised to expand its
conservation of Narmada, to ensure it is pollution free.
research activity in the coldest continent and a new
ship, with a special ice-cutting facility, will be procured
for the purpose.
Union Government launches Pneumococcal
Conjugate Vaccine against Pneumonia

India test-fires surface-to-air missile Spyder Union Minister for Health and Family Welfare J P Nadda
on 13 May 2017 launched Pneumococcal Conjugate
India on 11 May 2017 test fired a surface-to-air missile
Vaccine (PCV) against Pneumonia under the Universal
Spyder from a test range in Odisha as part of missile
Immunization Programme (UIP).
launch practice of a series of tests of the short-range
quick reaction. PCV will protect children against severe forms of
pneumococcal disease, such as pneumonia and
Spyder was test fired from a mobile launcher at launch
meningitis. Currently, the vaccine is being rolled out to
complex 3 of the Integrated Test Range (ITR) at
approximately 21 lakh children in Himachal Pradesh
Chandipur and targeted a pilot-less target aircraft.
and in some parts of Bihar and Uttar Pradesh in the first
Spyder (Surface-to-air PYthon and DERby) is an phase.
acquired missile system from Israel which is a short-
These vaccines will later be introduced in Madhya
range, quick reaction surface-to-air missile.
Pradesh and Rajasthan in 2018 and will be eventually
expanded across the country in a phased manner.

25 | P a g e
environment compensation of Rs 5000 besides challan
under the Motor Vehicles (MV) Act.
Home Minister Rajnath Singh inaugurates 2nd NPDRR
meeting in Delhi The order was passed by a bench headed by NGT
Chairperson Justice Swatanter Kumar. The decision
Home Minister Rajnath Singh inaugurated the second
was taken after the parks director informed the
meeting of National Platform for Disaster Risk
tribunal about four animal deaths since January 2017
Reduction (NPDRR) on 15 May 2017 in New Delhi.
despite the installation of sensor-operated automated
The meeting saw in attendance over 1000 eminent traffic barriers to prevent such fatalities.
guests including Union Ministers, State Ministers,
Heads of specialized disaster management agencies
and representatives from private sector organizations. Venkaiah Naidu announces separate 24x7 DD Channel
for Jharkhand
The second meeting of NPDRR will be held from 15 to
16 May 2017 with the theme Disaster Risk Reduction Minister for Information & Broadcasting Venkaiah
for Sustainable Development: Making India resilient by Naidu on 16 May 2017 announced a separate 24x7 DD
2030. channel for the state of Jharkhand. The plan was
announced at the review meeting of the programmes
and initiatives of Ministry of I&B held at Ranchi,
Light Combat aircraft Tejas successfully test-fires air- Jharkhand.
to-air missile
The announcement was a part of a three-year action
Tejas, the Light Combat Aircraft on 12 May 2017 plan of Doordarshan put forward by the state
successfully fired Derby Air-to-Air BVR missile in RADAR government. The meeting was attended by Chief
guided mode, demonstrating an Air-to-Air Beyond Minister Raghubar Das.
Visual Range (BVR) missile firing capability.

The flawless launch was demonstrated with all


Indian Navy and Space Application Centre signs MoU
onboard systems performing up to the mark and the
for cooperation
missile scored a direct hit on the target, completely
destroying it. Indian Navy and Ahmedabad-based Space Application
Centre on 15 May 2017 signed a Memorandum of
Understanding (MoU) on Data Sharing and Scientific
Yogi Adityanath to declare no school bag day in UP cooperation in the field of Meteorology and
government schools Oceanology.

The Uttar Pradesh government is planning to declare The MoU was signed at SAC, Ahmedabad by Vice
"no school bag day" on Saturdays in all the state-run Admiral SN Ghormade, AVSM, NM, Director General
schools. Naval Operations and Tapan Misra, Director, Space
Application Centre (SAC).
The proposal for the same was submitted at a meeting
chaired by Deputy Chief Minister Dinesh Sharma on 12
May 2017 in Lucknow.
Suresh Raina launches foundation dedicated to
The move aims to encourage more involvement of wellness of Mother and Child
children in creative activities on those days.
Indian cricketer Suresh Raina launched Gracia Raina
Foundation (GRF) on 15 May 2017, which is dedicated
to creating awareness and work closely with mothers
NGT orders Rs 5000 fine on over-speeding vehicles in and children who require help ranging from physical
Kaziranga and mental issues.
The National Green Tribunal announced on 17 May The announcement was made by the cricketer along
2017 that any vehicle found over-speeding inside the with his wife Priyanka on the occasion of his daughter,
Kaziranga National Park would have to pay an Gracia Rainas first birthday.
26 | P a g e
Reading out the verdict at The Hague, Netherlands, ICJ
President Ronny Abraham said that India has the right
Indian Railways to install CCTV cameras at over 900
to consular access to Jadhav under Vienna convention.
stations under Nirbhaya fund
He said the court considers that it has prima facie
Indian Railways on 15 May 2017 announced to install jurisdiction in the matter as there is a dispute between
CCTV surveillance system at more than 900 stations the parties.
under the Nirbhaya Fund at an approved cost of Rs 500
crore with an aim to strengthen security at railway
premises. Cabinet Minister Inaugurated 15th National Meeting
for Persons with Disabilities
For this purpose, Indian Railways will shortly send out
tenders to install about 19000 high definition CCTV Thawar Chand Gehlot, the Union Minister for Social
cameras at 983 stations across the country to ensure Justice and Empowerment inaugurated the 15th
round-the-clock security to passengers including National meeting of the State Commissioners for
women. Persons with Disabilities (PwD) on 17 May 2017.

The cameras will be installed at platforms and waiting The two-days meet aims to review the implementation
areas while there will be control rooms at stations to of the Persons with Disabilities (Equal Opportunities,
monitor CCTV footages by trained RPF personnel Protection of rights and Full Participation) Act-1995
constantly. and formulate a strategy for its more effective
implementation.

Union Cabinet approves pan-India implementation of


Maternity Benefit Program Indian Army gets M777 howitzers 30 years after
Bofors scandal
The Union Cabinet, presided by the Prime Minister
Narendra Modi, on 17 May 2017 gave ex-post facto After a 30-year wait for new artillery guns since the
approval to Pan-India implementation of Maternity Bofors scandal, the Indian Army on 18 May 2017
Benefit Program. received the first two M-777 A-2 (Indian) ultra-light
howitzers (ULH) from BAE systems of the US.
The Program has been extended to all districts of the
country with effect from 1 January 2017. This is a part of an order for 145 long-range guns which
will be mostly deployed on borders. The M-777 A-2
The Maternity Benefit Program will grant
(Indian) ultra-light howitzers (ULH) having a maximum
compensation for the wage loss in terms of cash
range of 30 km were being taken to Pokhran firing
incentives so that the women can take adequate rest
range in Rajasthan for test firing.
before and after delivery and not be deprived of proper
nutrition.

The total cost of the proposal for the period from 1 Anant Geete inaugurates Test Track Facility
January 2017 to 31 March 2020 including Union and developed by Global Automotive Research Centre
State Governments share is Rs. 12661 crore. The
Anant G. Geete, Union Heavy Industries & Public
Government of Indias share during the period is
Enterprises Minister, on 18 May 2017 formally
around Rs. 7932 crore.
inaugurated the Test Track Facility at Oragadam,
Chennai.

ICJ stays Kulbhushan Jadhav's execution till final order The test track facility is developed by Global
Automotive Research Centre (GARC). The facility has
The International Court of Justice (ICJ) on 18 May 2017
been notified to issue certificates under CMVR 1989.
stayed the execution of Kulbhushan Jadhav till its final
decision. Ruling in favour of India, the Court asked The total cost of Test tracks project is Rs. 193.25 crore.
Pakistan to keep it informed about the measures,
including on consular access, taken by it in this
connection.
27 | P a g e
The Global Automotive Research Centre is a body The service providers, SYSCON/JOISTER, which are
working under the National Automotive Testing & R&D already providing JOISPOT brand Wi-Fi in Pune &
Infra Project (NATRiP). Mumbai institutes, have undertaken the project as a
part of their Corporate Social Responsibility (CSR)
activity.
Simbex-17, bilateral naval exercise between India and
Republic of Singapore, begins
Railways Minister Suresh Prabhu launches high speed
Simbex-17, a bilateral naval exercise between India and
Tejas Express
Republic of Singapore commenced on 18 May 2017 in
the South China Sea. Railways Minister Suresh Prabhu on 22 May 2017
launched high speed, air-conditioned Tejas Express, a
Simbex is an acronym for Singapore-India Maritime
premium luxury train that will run from Mumbai to
Bilateral Exercises.
Goa.
Bilateral cooperation between Singapore and India was
This luxury train boasts of several modern facilities on-
first formalised when RSN ships began training with the
board like LED TV and tea/coffee vending machine. The
Indian Navy in 1994.
train will operate five days a week during non-
monsoon period, and three days a week during
monsoon period.
Joint HADR Exercise commences at Naval Station
Karwar Modern Technology: It encompasses ultra-modern
amenities like on-board infotainment, Wi-Fi, CCTV, fire
The Annual Joint Humanitarian Assistance and Disaster and smoke detection facilities, tea and coffee vending
Relief (HADR) Exercise began on 18 May 2017 at Naval machine etc.
Station Karwar.
Aeroplane on Tracks: It is India's first premium train
Named as 'Karavali Karunya', the exercise is being that is capable of running at 200 kms per hour, that is
conducted by Indian Navys Western Naval Command. it is named as 'Aeroplane on Tracks'. However, due to
It involves both professional exchange and actual constraints related to rail tracks, it will run at a speed
disaster response mechanisms which is set on a of 160 kilometres per hour.
Tsunami disaster scenario.

Kravali Karunya means 'assistance to the coast of


Karnataka'. It will see the armed forces, central Manual titled Living conditions in Institutions for
government agencies and state government Children in conflict with Law released by WCD
departments working together to provide relief in a Ministry
post-tsunami scenario.
The Ministry of Women and Child Development has
developed a manual titled Living conditions in
Institutions for Children in conflict with Law.
Railway Minister inaugurated free Wi-Fi facility at 28
Railway Stations The manual was prepared following the directions of
the Supreme Court dated 5 February 2016 in the
Minister of Railways, Suresh Prabhakar Prabhu matter of Re-inhuman conditions in 1382 prisons, WP
inaugurated free Wi-Fi facility at 28 stations on the (C) 406 of 2013.
Konkan Railway on 21 May 2017.
The apex court directed the ministry to prepare a
The provision has been made possible through a tie-up manual similar to the Model Prison Manual as being
between Indian Railways and the broadband and prepared by Ministry of Home Affairs that will take into
internet service provider SYSCON/Joister. consideration the living conditions and other issues
The free internet would be available at a speed of 2 pertaining to juveniles who are in Observation Homes
Mbps for the whole of 24 hrs. The initiative is in line or Special Homes or Places of Safety in terms of the
with the Union governments Digital India campaign. Juvenile Justice (Care and Protection of Children) Act,
2015.
28 | P a g e
The NCM, which is responsible for protecting the
interests of the minority communities, was left with no
Chitale Committee recommends several measures for
members after all its seven members appointed by the
Desiltation of Ganga
previous UPA-II government retired between
Chitale committee constituted to prepare guidelines September 2015 and March 2017.
for desiltation of river Ganga from Bhimgauda
The centre was facing a lot of criticism for not making
(Uttarakhand) to Farakka (West Bengal), submitted its
any appointment to the commission up until now.
report to Ministry of Water Resources on 19 May 2017.
Social activist Gayarul Hasan from Uttar Pradesh will
The committee in its report has recommended a slew
reportedly be made the new chairperson of the
of measures like a study of reach wise sediment
commission.
transport processes along with establishing annual
sediment budgets to guide de-silting activities.

Union Government launches Swachh Bharat App

ISRO and NASA collaborate to build Earth-imaging Union Minister of Culture Mahesh Sharma on 23 May
satellite NISAR 2017 launched the Swachh Bharat App with an aim to
involve people actively to become part of Swachh
The Indian Space Research Organisation (ISRO) and the
Bharat Abhiyan (Clean India Movement) in National
National Aeronautics and Space Administration (NASA)
Museum, Delhi.
have collaborated to make a satellite called NISAR. The
satellite will help scientists monitor the Earth like never In this App, the concept of Physical web is
before. implemented.

The expanded form of NISAR is NASA-ISRO Synthetic When one is in the monument or Museum, the app will
Aperture Radar. It is scheduled to be launched in 2021. deliver the message about Swachh Bharat Abhiyan and
will ask the user to report the garbage around him.
The estimated cost of the radar is over 1.5 billion
dollars and it could possibly be the worlds most
expensive Earth imaging satellite.
Environment Ministry and OzonAction organised
Ozone2Climate Technology Roadshow in Agra

MP Government has banned Sand Mining in Narmada Union Ministry of Environment, Forest and Climate
River Change on 23 May 2017 organised Ozone2Climate
Technology Roadshow in Agra. The roadshow was
The Chief Minister of Madhya Pradesh, Shivraj Singh
organised along with the UN Environment
Chouhan, ordered an indefinite ban on sand mining in
OzonActions Compliance Assistance Programme.
Narmada River on 22 May 2017.
The Roadshow was inaugurated by the Secretary,
The Minister made the announcement while
Ministry of Environment, Forest and Climate Change,
addressing a press conference in the states capital,
Ajay Narayan Jha on the sidelines of the South Asia
Bhopal. He stated that the ban on sand mining in river
National Ozone Officers Annual Network Meeting
Narmada will hold till a government-appointed
2017. The Technology Roadshow was organised for the
committee of experts submits its report on scientific
first time as part of the annual network meeting for
mining in the river.
Ozone Officers of South Asia.

Centre has appointed five members to the National


Tourism Minister inaugurated Exhibition displaying
Commission for Minorities
Stone Sculptures returned by Australia
The Union government on 24 May 2017 appointed five
The Minister of State (Independent Charge) for Culture
members to fill the vacant seats in the National
and Tourism, Mahesh Sharma inaugurated an
Commission for Minorities (NCM).
exhibition titled Return of the Three Stone Sculptures

29 | P a g e
from Australia to India in the National Museum at Cabinet approves JDI between Germany and India on
Janpath, New Delhi on 23 May 2017. alternative medicine

The exhibit marks the safe return of three Indian stone The Union Cabinet led by Prime Minister Narendra
sculptures including the Seated Buddha, Modi approved the Joint Declaration of Intent (JDI)
Worshippers of Buddha and Goddess Pratyangira between Germany and India regarding cooperation in
from Australia to India. the field of alternative medicine on 24 May 2017.

The sculptures were purchased by the National Gallery The move aims to enhance bilateral cooperation
of Australia (NGA) from the Nancy Wiener Gallery in between the two nations in the areas of traditional and
New York in 2007 and the Art of the Past antique store alternative medicine. The collaborative research,
in New York in 2005. training and scientific capacity building undertaken by
the nations under the declaration would contribute to
increased employment opportunities in the AYUSH
Indias first underwater rail tunnel completed ahead sector.
of schedule

Indias first underwater rail tunnel, that was being


Union Environment Ministry bans sale of cattle for
constructed under the Hooghly river for establishing
slaughter
metro link between Howrah and Kolkata, got
completed on 23 May 2017, ahead of the scheduled The Union Ministry of Environment and Forests on 23
time. May 2017 came up with new regulations that ban the
sale of all kinds of cattle for slaughter across India.
For the construction of tunnel, a giant tunnel-boring
machine (TBM) named 'Rachna' was deployed to dig The rules were issued under the Prevention of Cruelty
the underwater tunnel that will run a length of 502 to Animals Act, 1960. It requires anyone purchasing
metres under the river. The machine was brought from cattle to provide an undertaking that the animals are
Herrenknecht AG plant in Schwanau in Germany. bought for agricultural purposes and not slaughter.

The deadline for the completion of this underwater The definition of cattle includes bulls, bullocks, cows,
tunnel was of July 2017. buffalos, steers, heifers, calves and camels.

The total project cost is around Rs 5000 crore.

Uttarakhand CM launches water conservation


campaign
Union Cabinet approves setting up of AIIMS in
Kamrup, Assam The Chief Minister of Uttarakhand, Trivendra Singh
Rawat launched a campaign on water harvesting and
The Union Cabinet, presided by the Prime Minister
conservation on the occasion of Water Day on 25 May
Narendra Modi, on 24 May 2017 gave its approval for
2017 in the states capital, Dehradun.
the establishment of new All India Institute of Medical
Sciences (AIIMS) at Kamrup in Assam. The Minister flagged off two mechanised rath, one
each for Kumaon and Garhwal regions.The vans would
The institute will be set up under the Pradhan Mantri
be using audio material and related literature to
Swasthya Suraksha Yojana (PMSSY). The estimated cost
broadcast information on water conservation and
of the project is Rs.1123 crore.
spread awareness in the two regions.
The new AIIMS will be completed in a period of 48
months from the date of the approval of Government
of India. The pre-construction phase would be of 15 PM Narendra Modi inaugurates India's longest bridge
months, while a construction phase would be of 30 Dhola-Sadiya in Assam
months. The stabilization/commissioning phase of
Prime Minister Narendra Modi on 26 May 2017
would be of three months.
inaugurated India's longest river bridge- the Dhola-
Sadiya Bridge in Assam.

30 | P a g e
This three lane 9.15 kilometre bridge has been built Under its impact, rain and thundershower may occur at
over river Lohit, a tributary of the Brahmaputra, that many districts of coastal Odisha and some areas in the
links Dhola to Sadiya in Assam. interior region.

Highlights of the Dhola-Sadiya bridge

The total length of the Dhola-Sadiya Bridge project, Delhi Metro's Heritage Line inaugurated
including the approach roads on each side, is 28.50 km.
Union Urban Development Minister Venkaiah Naidu on
The length of the bridge itself is 9.15 Km.
28 May 2017 flagged off the first train of the Delhi
It was constructed on BOT Annuity basis at a total cost Metro's Heritage Line. The train will now be open for
of Rs 2056 crore, as a part of the Arunachal Package of public.
Roads and Highways.
This 5.17-km-long corridor Heritage Line has four
It will ensure 24X7 connectivity between upper Assam stations- Kashmere Gate, Dilli Gate, Jama Masjid and
and Eastern part of Arunachal Pradesh. Lal Quila. The Heritage Line is essentially an extension
of Delhi Metro Violet Line that runs between Faridabad
and ITO presently.
UP CM Yogi Adityanath launches JE vaccination drive
With this, the residents of the densely-populated area
in 38 districts of UP
of Old Delhi or Shahjahanabad will now have direct
Uttar Pradesh (UP) Chief Minister Yogi Adityanath on access to commercial centres such as Connaught Place,
25 May 2017 launched a massive immunisation drive in Janpath, offices in Central Secretariat and the satellite
38 districts of the state to eradicate Japanese town of Faridabad.
Encephalitis (JE).

This anti-encephalitis drive was launched from


Defence Minister Arun Jaitley inaugurates
Kushinagar district.
Aeronautical Test Range at Chitradurga
This government has fixed the target of immunisation
Union Defence Minister Arun Jaitley on 28 May 2017
of above 88 lakh 55 thousand children in the age group
inaugurated the newly built Aeronautical Test Range
of 1 to 15 years during the drive in the targeted
(ATR) of the Defence Research & Development
districts.
Organisation (DRDO) at Chitradurga in Karnataka.

ATR will help in creating conditions for research which


Cyclonic Storm MORA to strike East-Central Bay of will in turn develop efficient human resource in the
Bengal country in the field of aeronautical testing.

The cyclonic storm MORA is about to strike East- It will also contribute to the development of the region
Central Bay of Bengal, as predicted by India in which Chitradurga is located.
Meteorological Department (IMD) on 29 may 2017.
ATR is the first of its kind range in the country
MORA was observed moving Northward with a speed exclusively meant to conduct flight-tests of indigenous
of 11 kmph over East-Central Bay of Bengal near unmanned and manned aircrafts like Light Combat
Latitude 17.3N and Longitude 91.3E, which is about Aircraft, the unmanned air vehicles- Rustom-I and
660 km South-Southeast of Kolkata and 550 km South- Rustom-II (Tapas); parachutes and aerostats, etc.
Southwest of Chittagong.

The cyclonic storm is likely to intensify further into a


Indias first Electric Mass Transport Project launched
severe storm during next 12 hours. It is very likely to
in Nagpur
move North-Northeastwards and cross Bangladesh
coast between longitude 91.0E and 92.0E near Maharashtra Chief Minister Devendra Fadnavis on 26
Chittagong. May 2017 inaugurated Indias first Electric Mass
Transport Project in Nagpur.

31 | P a g e
The pilot project envisages a fleet of 200 electric- The mobile app will help students register complaints
powered public transport vehicles which will run on Ola against the menace of ragging in the country. Prior to
Cabs' app platform in Nagpur. this, students had to visit the website to register a
complaint against ragging.
Out of these 200 electric-powered vehicles, 100 e2o
Electric Taxis were manufactured by Mahindra & The new app will work only on Android system and will
Mahindra groups Mahindra Electric while Kinetic facilitate students to register a complaint against
Green Energy and Power Solutions has supplied 100 e- ragging immediately.
rickshaws, Kinetic Safar.

Mahindra & Mahindras total investment in


Amitabh Bachchan led Toilet Usage Campaign,
technology, products, and plants of e-vehicles was over
Darwaza Band, set for national launch
Rs 600 crore. All these electric-powered public
transport vehicles will be fully owned by cab Union Government will launch a new campaign called
aggregator Ola. Darwaza Band on 30 May 2017 for the promotion of
toilet usage in the rural areas across the country.

The aggressive new campaign of the Ministry of


ISRO set to launch Indias heaviest rocket Fat Boy
Drinking Water and Sanitation called Darwaza Band
The Indian Space Research Organisation (ISRO) will be seeks to promote toilet usage across the villages of
launching the heaviest rocket ever made by India, the India.
Geosynchronous Satellite Launch Vehicle Mark III
Bollywood star Amitabh Bachchan, who leads the
(GSLV Mk- III) on 5 June 2017.
campaign, is proposed to be joined by Union Minister
The rocket, called the Fat Boy, reportedly weighs as for Drinking Water and Sanitation Narendra Singh
much as 200 full-grown Asian elephants. It is not only Tomar and Maharashtra Chief Minister Devendra
capable of carrying the heaviest satellites but it could Fadnavis at the formal launch event to be held in
also enable India to send manned missions to space, Mumbai.
making it only the fourth nation in the world to be able
The campaign has been supported by the World Bank.
to do so.
The campaign also features actor, Anushka Sharma,
Presently, only three countriesUS, Russia and
who will be seen encouraging women to stand up for
Chinahave the capability of sending manned
this issue in their villages and assume a leadership role.
missions to space.

India's own global positioning system NavIC to be


Dailong village in Manipur declared Biodiversity
operational from 2018
Heritage Site
India's homegrown Global Positioning System (GPS),
The Manipur Government in the last week of May 2017
the Indian Regional Navigation Satellite System
declared Dailong village of Tamenglong district as a
(IRNSS), alternatively named NavIC, is slated to be
Biodiversity Heritage Site of the state.
operational early in 2018.
A notification in this connection was issued by Kengoo
At present, NavIC is being tested for its accuracy and is
Zuringla, Joint Secretary of Forest and Environment
most likely to be available in the market for public use
division.
early next year.

The testing of the system includes ground verification


Anti-Ragging Mobile App Launched and calibration of NavIC data so as to calculate its
accuracy. In fact, many academic institutions across
Union Human Resource Development Minister Prakash
India are involved in the testing and calibration of data.
Javadekar launched an Anti-Ragging Mobile App
introduced by the University Grants Commission (UGC)
on 29 May 2017 in New Delhi.

32 | P a g e
Maharashtra CM Devendra Fadnavis launches portal The scheme will be extended to other areas of Delhi as
'Mahaswayam' for job seekers, employers well.

Maharashtra Chief Minister Devendra Fadnavis


launched a web portal 'Mahaswayam' that will cater to
Yogi Adityanath raises retirement age of UP doctors
job seekers, employers, entrepreneurs, and training
to 62
institutes who can avail details regarding skill
development and employment. The Uttar Pradesh Government has extended the
retirement age of doctors working under provincial
Earlier, the state government ran three different
medical service from 60 to 62 years.
portals- Maharashtra State Skill Development Society
(MSSDS) portal for Skill Development, 'Maharojgar' for The decision was taken by the states cabinet chaired
employment and 'Mahaswayamrojgar' for by Chief Minister Yogi Adityanath in a meeting held at
entrepreneurship. Lucknow on 30 May 2017.
These three have now been merged into
'Mahaswayam', making it easier for all beneficiaries as
well as the state to keep a track of the demand and Ministry of Earth Sciences to launch Deep Ocean
supply of workforce. Mission by January 2018

To improve Indias position in ocean research field, the


Union Ministry of Earth Sciences (MoES) has decided to
Delhi Police launches Bicycle Patrols for better launch Deep Ocean Mission by January 2018. This
policing decision was announced by M Rajeevan, Secretary of
the Ministry of Earth Sciences on 30 May 2017.
Delhi Police on 30 May 2017 launched the Bicycle
Patrols for better policing in the capital. The Bicycle Secretary was speaking through video conference in
Patrols were flagged off by Union minister of Home the workshop arranged by National Institute of
Affairs Hansraj Gangaram Ahir. Oceanography, Dona Paula. On the occasion, Rajeevan
also said that India achieved a lot in the field of ocean
In the first phase, a total of 65 high-end bicycles have
research; still it is a long way to go.
been operationalised. Out of 65 bicycles, 30 were
allotted for North East district, 20 for East district and
15 for Shahdara district.

Lists, Indexes & Reports

Swachh Survekshan 2017: Indore is cleanest city Gujarat has the maximum of 12 cities among the top
50 clean cities, closely followed by Madhya Pradesh
Indore in Madhya Pradesh is Indias cleanest city while
with 11 and Andhra Pradesh with eight.
Gonda in Uttar Pradesh is the dirtiest, according to the
Swachh Survekshan-2017, announced by the Uttar Pradesh accounted for half of the bottom 50
government here today. cities in the cleanliness ranking.

The survey results announced by Urban Development


Minister M Venkaiah Naidu said while Indore is the
Sunday Times Rich List 2017: Three out of four
cleanest city in India, Bhopal gets the second position
wealthiest in Britain are Indians
in the cleanliness ranking of 434 cities.
The 29th edition of the Sunday Times Rich List 2017
The Swachh Survekshan-2017 ranked Gonda as the
was announced on 7 May 2017. The List announced the
dirtiest city and Bhusawal in Maharashtra stands
names of Britains 1000 wealthiest people including 40
second-last in the ranking.
Indian-born citizens.

33 | P a g e
The Hinduja brothers Srichand and Gopichand are with 837 flights a day or one flight in 65 seconds on an
placed on the first spot in the Sunday Times Rich List average in the 2016-17 fiscal year.
2017. The Hinduja Brothers have estimated assets
The airport has even overtaken London's Gatwick
worth 16.2 billion pounds.
airport that had 757 flights a day. The city also tops in
As per the list, the billionaires are richer than before, terms of the number of passengers with almost 45.2
so much so that the combined wealth of the top 500 million people flying in and out in fiscal 2017 as against
individuals and families is more than the total put up 44 million at Gatwick airport.
by the wealthiest 1000 in the year 2016.
No other large city in the world is served by one airport
Sunday Times Rich List 2017: Top 5 wealthiest that too with a single-runway.

Rank Name Net Worth Citizenship All the leading cities in the world including New York,
(in billion) London, Dubai, and Singapore have more than one
airport with multiple runways.
1 Sri and Gopi 16.20 India The New Delhi airport also has in use three parallel
Hinduja runways at any given time.

2 Leonard 15.98 United


Blavatnik States Mukesh Ambani leads Forbes list of Global Game
Changers
3 David and 14.00 United
Reliance Industries Chairman Mukesh Ambani leads a
Simon Kingdom
Forbes list of Global Game Changers who are
Reuben
transforming their industries and changing the lives of
billions of people around the globe.
4 Lakshmi 13.22 India
Mittal and Forbes second annual Global Game Changers' list
family includes 25 intrepid business leaders who are
unsatisfied with the status quo and transforming
5 Alisher 11.79 Russia their industries and changing the lives of billions of
Usmanov people around the globe.

Ambani, 60 comes at the top of the list for his game


changing efforts to bring the Internet to Indias masses.
About Sunday Times Rich List

The Sunday Times Rich List is a list of the 1000


Vizag cleanest of 75 most busy railway stations;
wealthiest people or families in the United
Darbhanga dirtiest
Kingdom.
The list has been published as a magazine The Visakhapatnam railway station is the cleanest,
supplement by British national Sunday followed by Secunderabad, among the 75 most busy
newspaper The Sunday Times since 1989. stations in the country.
The editorial decisions governing the
compilation of the Rich List are published in the According to a survey, the report of which was released
newspaper and online as its "Rules of by Railway Minister Suresh Prabhu in New Delhi on
engagement". Wednesday, the Jammu railway station occupied the
third spot, while the New Delhi station was ranked at
39 among the busiest stations.
Mumbai airport busiest with 1 flight every 65 seconds The survey was carried out by the Quality Council of
India.
The Mumbai airport, Chhatrapati Shivaji International,
has become the worlds busiest single-runway airport The Darbhanga railway station in Bihar was the dirtiest
among the busiest stations.
34 | P a g e
Clean toilets at platforms, clean tracks, and dustbins at The top three positions of index were fetched by
stations were some of the criteria for judging railway Kerala, Tamil Nadu and Gujarat respectively in the
stations for cleanliness. Large States category.

This was the third survey on cleanliness done by the Karnataka and Maharashtra stood at the fourth and
railways to keep a tab on rail premises as part of its fifth position respectively in governance indicators.
'Swachh Rail' campaign.

Tata Group is Indias most valuable brand: Brand


India ageing gradually; every 5th person to be 60+ by Finance
2050
Brand Finance report of 2017 has listed Tata Group as
PFRDA-CRISIL report titled 'Financial security for India's the most valuable brand in India with India at an
elderly - The imperatives released on 15 May 2017 estimated brand value of $13.1 billion. Brand Finance
said that India will transform gradually from young to a is a global brand valuation and strategy consultancy
'greying' country and by 2050 every 5th Indian will be firm and it released its Brand Finance India 100 2017
in the 60s as against every 12th at present. report on 17 May 2017.

Flagging the demographic transition, the report said it The Tata group topped the list of Indias 100 most
is important that the development of the under- valuable brands once again even after its value
penetrated pension market in India be initiated now declined by 4 per cent to $ 13.1 billion in 2017 from $
when the situation is ripe. 13.7 billion in 2016. It says, the decline of the brand
value by 4 per cent is lesser than the decline of 11 per
Facts of the 'Financial security for India's elderly - The
cent which was seen between 2015 and 2016.
imperatives' report
Tata Group that was ranked at the top position in the
The PFRDA-CRISIL repost says that demographically,
list is followed by Telecom operator Airtel (2nd) with an
India will transition slowly from a young to a greying
estimated valuation of $7.7 billion, Life Insurance
country, where persons above the age of 60 would
Corporation of India (LIC) (3rd) with $6.8 billion, IT firm
increase from 8.9 per cent of the population now to
Infosys (4th) with value of $6.2 billion and State Bank
19.4 per cent by 2050.
of India (SBI) (5th) value of $5.5 billion respectively.

Key facts about the Indias 100 most valuable brands


Public Affairs Index 2017 released: Kerala secures 1st
In 2017, the total brand value of Indias top 100 brands
position
increased by 15 per cent, while the global average is 11
The Public Affairs Centre (PAC), India on 12 May 2017 per cent.
released the Public Affairs Index (PAI) 2017. Kerala and
According to Brand Finance, 68 of Indias 100 most
Tamil Nadu secured first and second rankings for the
valuable brands have grown in value in 2017.
second consecutive year in the index.
Air carrier Indigo Airlines, which gained the most, has
Gujarat ranked third by gaining two positions from last
jumped from No. 95 in 2016 to No. 62 in 2017 in the
years' index.
Brand Finance list. It happened after the airline added
The PAI Rankings are based on the survey that was 35 new routes and increased frequency on existing
carried out based on 10 themes, 26 focus subjects and routes.
82 indicators.

These 10 themes were Essential infrastructure;


Mumbai, Kota feature in the worlds top ten most
Support to human development; Social protection;
crowded cities
Women and children; Crime, law and order; Delivery of
justice; Environment; Transparency and accountability; Two Indian cities, Mumbai and Kota have been named
Fiscal management and Economic freedom. among the worlds most crowded cities list, according
to the World Economic Forum (WEF) that cited UN-
Habitat data.
35 | P a g e
While Dhaka, the capital of Bangladesh topped the list ranked 6th and 7th respectively, Incan city of Machu
with a population density of 44,500 people per sq km, Picchu in Peru was ranked 8th.
Mumbai, Indias financial capital with a population
The final two positions were taken up by Plaza de
density of 31,700 per sq km was placed second.
Espana in Spain and Duomo di Milano in Italy, which
Medellin in Columbia features at the third place with were ranked 9th and 10th respectively.
19,700 people per sq km.
Indias ivory-white marble mausoleum however, was
The fourth, fifth and sixth position have been occupied ranked 2nd in the Asia list, only after Cambodias
by Manila, the capital city of Philippines, Casablanca, Angkor Wat, which topped the list yet again.
the port city of Morocco and Nigerias largest city,
Lagos respectively.
Kohli, Dhoni, Yuvraj, Raina in list of World top 100
Kota in Rajasthan with 12,100 people per square
athletes
kilometre was ranked 7th.
Indian captain Virat Kohli, former captain Mahendra
Other cities in the top 10 include Singapore at 8th
Singh Dhoni and batsmen Yuvraj Singh and Suresh
position and Jakarta, Indonesias capital at 9th.
Raina have been featured in ESPNs World Fame 100
list for 2017.

Indias Taj Mahal ranked 5th among top 10 global While both Kohli and Dhoni feature in the top 20 at the
landmarks 13th and 15th rank respectively, Yuvraj and Raina have
been ranked 90th and 95th respectively.
One of the most iconic wonders in the world, Taj Mahal
has become the only Indian monument to figure in the The list is ESPNs ranking of the 100 most famous active
world's top 10 Travellers' Choice awards for athletes in the world. The first such list was released in
Landmarks. 2016.

The historic monument was ranked at the fifth position Portuguese footballer Christiano Ronaldo with the top
in the list. The top spot was clinched by the worlds rank has been adjudged as the most famous athlete on
largest religious monument- Angkor Wat in Cambodia. the planet.

The other iconic landmarks to feature in the top ten The other players in the top 5 include NBA legend
included Sheikh Zayed Grand Mosque Center in Abu Lebron James at rank 2, soccer star Lionel Messi at the
Dhabi at 2nd rank, Spains Mezquita Cathedral de 3rd rank, tennis ace Roger Federer at the 4th rank and
Cordoba at the 3rd and St Peter's Basilica in Vatican American golfer Phil Mickelson at the 5th rank.
City at the 4th rank.
Brazilian footballer Neymar, Sprinter Usain Bolt, Kevin
While the Church of the Savior on Spilled Blood in St Durant, Rafael Nadal and Tiger Woods make up the top
Petersburg, Russia and the Great Wall of China were 10.

Appointments

Indian Appointments

Name Position Organisation/Country


Anthony Lianzuala Controller General of Accounts Department of Expenditure, Union
Ministry of Finance
Mallikarjun Kharge Chairperson Public Accounts Committee (PAC) of
the Parliament

36 | P a g e
Prabhat Kamal Bezbor Chairman Tea Board of India
Braj Bihari Kumar Chairman Indian Council of Social Science
Research
Usha Ananthasubramanian MD & CEO Allahabad Bank
Pratap Bhanu Mehta Vice Chancellor Ashoka University
Sanjay Mitra Defence Secretary Union Ministry of Home Affairs
Taranjeet Singh Country Director Twitter India
Aruna Sundararajan Secretary Department of Telecommunications
V K Saraswat Chancellor Jawaharlal Nehru University
Harsh Vardhan Minister(Additional Charge) Environment Ministry
Renu Satti CEO Paytm Payments Bank
Saurabh Agrawal Chief Financial Officer Tata Group
Rajan Anandan (Google India MD) Chairman Internet and Mobile Association of
India (IAMAI).
Anurag Tripathy Secretary Central Board of Secondary
Education (CBSE)
Najma Heptulla Chancellor Jamia Millia Islamia

Global Appointments

Name Position Organisation/Country


Emmanuel Macron President France
Moon Jae-in President South Korea
Amitabh Bachchan goodwill ambassador for hepatitis World Health Organisation South-
East Asia region
Justice Mukul Mudgal Chairman FIFA Governance Committee
Edouard Philippe Prime Minister France
Ovais Sarmad (India) Deputy Executive Secretary United Nations Framework
Convention on Climate Change
(UNFCCC)
Robert Mueller Special Prosecutor Russian interference in the 2016
United States elections
Hassan Rouhani President Iran
Tedros Adhanom Ghebreyesus Director-General (first African) World Health Organisation (WHO)
(Ethiopia)
P V Sindhu Elected Badminton World Federation (BWF)
Athletes' Commission
Lenin Moreno President Ecuador
Amul Thapar Judge US Circuit Court of Appeals

Awards & Honors

Andhra Pradesh CM Chandrababu Naidu selected for He was selected for his role in advancing the US-India
USIBC Award partnership at the state level. The award will be
presented to him on 8 May 2017 at the USIBC West
Andhra Pradesh Chief Minister (CM) Chandrababu
Coast Summit in the Silicon Valley.
Naidu was on 2 May 2017 selected for the
'Transformative Chief Minister Award' of the the US-
India Business Council (USIBC).
37 | P a g e
The summit will also honour Aruna Sundararajan with Shubhashish Bhutiani's "Mukti Bhawan" was declared
the Transformative Leadership Award for excellence the best film at the 17th annual film extravaganza.
in public service.

Emma Watson conferred with the first ever


Padma Venkataraman bestowed with Avvaiyar award 'genderless' award

The Tamil Nadu government on 2 May 2017 conferred Harry Potter fame star, Emma Watson was conferred
the 2017 Avvaiyar Award to Padma Venkataraman, a the first ever Genderless Acting Award for Best Actor
social worker and daughter for former Indian category on 7 May 2017 at the annual MTV Movie and
President, the late R Venkataraman. TV Awards ceremony held at the Shrine Auditorium in
Los Angeles, California.
Padma was honoured with the award for her efforts in
the field of womens welfare and the rehabilitation of The actor in her acceptance speech praised MTV for
leprosy-affected people since the past 30 years by making their awards genderless. She further added
Tamil Nadu Chief Minister K Palaniswami. that for her acting is about the ability to put oneself
into someone elses shoes and that doesnt need to be
separated into two different categories.
Shabana Azmi starrer 'The Black Prince' awarded at
film fest in Houston
Indian Origin Scientists elected as Fellows of UK Royal
Hollywood film 'The Black Prince', starring Indian
Society
actress Shabana Azmi and singer-poet Satinder Sartaaj,
was on 3 May 2017 awarded the Special Jury Remi Three Indian Scientist Krishna Chatterjee, Subhash
Award at the 50th annual WorldFest - Houston Khot and Yadvinder Malhi were on 5 May 2017 elected
International Film Festival. as the Fellows of The Royal Society, a premier scientific
academy of the United Kingdom and the
'The Black Prince' is a historic biopic on the emotional
Commonwealth, for their outstanding contributions to
life story of the last king of Punjab - Maharajah Duleep
science.
Singh and his fragile relationship with Queen Victoria,
who was Godmother to his children. Maharajah Duleep Krishna Chatterjee from Cambridge University was
Singh was also named as the Black Prince of Perthshire. recognised for his discoveries of genetic disorders of
thyroid gland formation, regulation of hormone
synthesis and hormone action. He was responsible for
Konkona Sensharma wins top honours at New York the development of Clinical Research Facilities at the
Indian Film Festival University of Cambridge.

Konkona Sensharma has been named the best director Subhash Khot of New York University was credited for
for her directorial debut "A Death in the Gunj" and the throwing insight into unresolved problems in the field
best actress for "Lipstick Under My Burkha" at 2017's of computational complexity. He is a theoretical
New York Indian Film Festival (NYIFF). computer scientist who is known for his definition of
the Unique Games problem.
Konkona, 37, won the award for directing the drama
thriller which stars Kalki Koechlin, Vikrant Massey, Jim Yadvinder Malhi is an ecosystem ecologist from Oxford
Sarbh and Tanuja. The film also features one of the last University who is recognised for his works on
performances by veteran actor Om Puri, who passed understanding the functioning of terrestrial
away in January this year. ecosystems and its response to the pressures of global
change, including climate change, degradation and loss
She received the top honour for her performance in of large animals.
Alankrita Shrivastava's "Lipstick Under My Burkha", a
film which explores women's sexuality.

K Kaladharan won the best actor for Malayalam film David Letterman wins Mark Twain Prize 2017 for
"Ottayaal n Paatha" ("A Narrow Path") and American humour

38 | P a g e
David Letterman, who was the longest-running host of Britain's Indian-origin steel tycoon Sanjeev Gupta has
late-night TV shows in the United States, was on 17 bagged a top global award for his successful
May 2017 awarded with the Mark Twain Prize 2017 for acquisitions and his drive to transform the steel
American humour. industry in the UK, India and beyond.

With this, Letterman became the 20th humorist to Gupta, the executive chairman of the Liberty House
receive the prize. He is also a past recipient of Kennedy Group who has been behind a series of acquisitions in
Centre Honours for his influence on American culture. the British steel industry of former Tata Steel and
Caparo assets, received the title "CEO of the Year" at
the prestigious Platts Global Metals Awards in London
Renowned biologist Purnima Devi Barman nominated last night.
for Whitley Awards

Renowned wildlife biologist, Dr Purnima Devi Barman,


Indian-American student Pranay Varada wins 2017
in May 2017 was nominated for the prestigious Whitley
National Geographic Bee Competition
Awards.
Pranay Varada, 14-year-old Indian-American student,
Barman has been nominated for her relentless efforts
on 18 May 2017 won the prestigious National
and campaigns for the conservation of the Greater
Geographic Bee competition 2017. As National
Adjutant Stork locally known as Haargila in Assam.
Geographic Bee champion, he gets USD 50000 in
scholarship and other prizes.

Indian scientist Shrinivas Kulkarni wins Dan David He was declared the winner as he won the first tie
Prize 2017 breaker question when he correctly identified the
Kunlun Mountains as the 1200 mile range that
Indian scientist Shrinivas Kulkarni on 18 May 2017 won separates the Taklimakan Desert from the Tibetan
the prestigious Dan David prize 2017 for his Plateau.
contribution in the field of astronomy. He was awarded
in the 'Future' category which is dedicated to
astronomy this year.
Jacqueline Fernandez wins UK Humanitarian Award
He will share the award with Andrej Udalski of the
Bollywood actor Jacqueline Fernandez was on 19 May
University of Warsaw and Neil Gehrels of NASA for
2017 awarded with the International Humanitarian
their discoveries on time-domain astrophysics.
Award in Editor's Choice category of Asian Voice
Kulkarni is a professor of astrophysics and planetary Charity Awards. The award recognises the work of
science at California Institute of Technology in charity organisations in the United Kingdom (UK) and
Pasadena. abroad.

Fernandez was awarded for her philanthropic work in


India. She has been working with the charity 'Habitat
Indian activists Sanjay Gubbi and Purnima Barman for Humanity for last five years. This organisation works
win Whitley Awards 2017 to help people to live with dignity by giving them
Two Indian activists Sanjay Gubbi and Purnima Barman homes to live in.
on 18 May 2017 won the annual Whitley Awards, While, writer Jeffrey Archer was awarded with the
popularly known as the 'Green Oscars', for their works Lifetime Achievement Award for his services to various
in the field of animal and bird conservation in India. charity organisations over the years.
These two Indians are among six global winners of the
award shortlisted from 166 entries
India's Prashant Ranganathan wins Intel International
Science Award 2017 in US
Indian-origin steel tycoon Sanjeev Gupta bags Prashant Ranganathan, an Indian, on 20 May 2017 won
prestigious 'CEO of the Year' award in UK the worlds largest pre-college science competition
39 | P a g e
'The Intel International Science and Engineering Fair Priyankas mother Madhu Chopra will also be
(Intel ISEF) 2017' in the United States. Prashant honoured at the occasion with the Best Film award for
Ranganathan hails from Jamshedpur city of Jharkhand, her maiden production Ventilator a Marathi family
India. drama, which won trophies in three categories at the
National Awards earlier this year.
Ranganathan received the award in the Environmental
Engineering category for his project Biodegradation of
Chlorpyrifos using native bacteria. His project will help
Satyabrata Rout honoured with Sangeet Natak
farmers in biodegrading the pesticide which is plaguing
Akademi Puraskar
the country.
Satyabrata Rout on 29 May 2017 was selected for the
Sangeet Natak Akademi Puraskar for the year 2016.
Indias Rohan Chakravarty wins WWF International
Rout is a professor from the Department of Theatre
Presidents Award
Arts, S N School of Arts and Communication, University
Rohan Chakravarty, Indian wildlife and environment of Hyderabad.
cartoonist, in May 2017 won 2017 WWF International
Presidents Award.
President of India presents Hindi Sevi Samman
Chakravarty has been honoured for his efforts to
Awards
inspire change and attitudes towards nature.
The President of India, Pranab Mukherjee presented
Chakravarty, under the banner of Green Humour, runs
the Hindi Sevi Samman Awards to 26 eminent Hindi
a series of cartoons on nature conservation issues. It is
scholars for the year 2015 on 30 May 2017at a function
possibly one of the largest cartoon collections in the
held at Rashtrapati Bhavan, New Delhi.
genre in India today.
The ceremony was attended by several dignitaries
including the Union Minister of Human Resource
Keralas Munnar adjudged 'Best Destination for Development, Prakash Javadekar.
Romance'
The awards were conferred to the scholars under 12
Munnar, the much-popular hill station in Kerala has different categories for their contribution in the field of
won the award for 'Best Destination for Romance' at Hindi language and literature.
the Lonely Planet Magazine Indian Travel Awards 2017.
The Hindi Sevi Samman Awards were established by
The award was conferred by Bollywood actress Diana the Central Hindi Institute, Agra in 1989.
Penty to P Bala Kiran, Director of Kerala Tourism at the
The awards carry a cash prize of five lakh rupees and
sixth edition of the event, which was conducted in
citation.
Mumbai recently.
Following is the list of awardees:

Ganga Sharan Singh Award: For work in the field of


Global Icon Priyanka to be honoured with Dadasaheb
promotion and training of Hindi
Phalke Academy Award
S. Shesharatnam
International icon Priyanka Chopra will be receiving the
prestigious Dadasaheb Phalke Academy Award on 1 M. Govind Rajan
June 2017 in an awards ceremony conducted in Harmahendra Singh Bedi
Mumbai. H. Subadani Devi

The star would be given the award under the newly Ganesh Shankar Vidyarthi Award: For work in the field
introduced category- 'Internationally Acclaimed of journalism and creative literature
Actress' for her great work on the International Baldev Bhai Sharma
platform. Rahul Dev

40 | P a g e
Atmaram Award: For work in the field of Science and Swami Vivekanand Award:
Technology literature and Machinery growth
Shridhar Paradkar
Girish Chandra Saxena Sriranjan Suridev
Phani Bhushan Das
Pandit Madan Mohan Malviya Award:
Sardar Vallabhbhai Patel Award:
Nityanand Pandey
B.R. Chhipa Jagdish Prasad Singhal
Daya Prakash Sinha
Dr. George Grierson Award: Awarded to people of
Deendayal Upadhyay Award foreign origin for promotion and training of Hindi
outside India
Mahesh Chandra Sharma
Rakesh Sinha Fujii Takeshi (Japan)
Gabriela Nik Ilieva (New York)

World News

THAAD missile defence system operational in South crop production for nutrition, air revitalisation, water
Korea recycling and waste recycling.

The United States (US) Military's missile defence The new approach uses plants to scrub carbon dioxide
system THAAD on 2 May 2017 became operational in while providing food and oxygen for those working in
South Korea. deep space.

The Terminal High Altitude Area Defence (THAAD)


reached an initial intercept capability to defend against
TCS launches first drones research lab in Cincinnati,
North Korean missiles. However, THAAD would not be
Ohio
fully operational for a period of months.
TCS has opened its first Drones Research Lab in the US
at its Seven Hills Park Innovation Center located in
Dubai becomes first city in world to get its own Cincinnati, Ohio, to address the rapidly expanding
Microsoft Font demand for unmanned aerial vehicles and business
solutions across industries.
Dubai on 1 may 2017 became the first city in the world
to get its own Microsoft Font. The TCS Drones Research Lab featuring both indoor
labs, showcase, warehouse, and outdoor terrain
The Dubai Font was launched by Sheikh Hamdan bin
footprints provides a rapid experimentation and co-
Mohammed bin Rashid Al Maktoum, Dubai's Crown
innovation environment for customers to build
Prince and Chairman of the Executive Council.
solutions for specific industry problems in accelerated
30-60-90-day delivery cycles, the company said in a
statement.
NASAs first inflatable Greenhouse could enable
water recycling on Mars

NASA Scientists have designed an inflatable India elected as President of UN-Habitat, the United
greenhouse that could be used one day by astronauts Nations Human Settlements Programme
to grow fresh food and produce oxygen on Mars or
India on 8 May 2017 was unanimously elected as the
Moon.
President of the UN-Habitat, an organ of the United
The first-of-its-kind sample involves an inflatable, Nations Organisation (UNO).
deployable greenhouse that can support plant and
41 | P a g e
The country has been elected to head the body after 10 In November 2016, the World Health Organisation
years. Since the UN-Habitat came into being in 1978, it (WHO) lifted its own international health emergency
is only the third time that India has been elected to lead status for Zika.
this important organization after 2007 and 1988.

The UN-Habitat promotes socially and environmentally


World Meteorological Organisation launches Year of
sustainable human settlements across the world. The
Polar Prediction
body reports to the United Nations General Assembly.
The World Meteorological Organization (WMO) and
the Helmholtz Centre for Polar and Marine Research
Larissa Waters became the first woman senator to (AWI) ON 15 May 2017 officially announced the start of
breastfeed in Parliament the Year of Polar Prediction (YOPP).

Australian Senator Larissa Waters, the deputy co- The Year of Polar Prediction (YOPP) is one of the key
leader of the Australian Greens party became the first elements of the Polar Prediction Project.
woman in the history of Australian Politics to
The YOPPs mission is to enable a significant
breastfeed her baby during a Parliamentary session on
improvement in environmental prediction capabilities
9 May 2017.
for the polar regions and beyond. It will be done by
The senator, who returned to Parliament after 10 coordinating a period of intensive observing,
weeks of maternity leave, breastfed her 2-month-old modelling, verification, user-engagement and
daughter, Alia Joy, during a vote for a Greens policy education activities.
motion on a federal budget.

NASA names bacterium found on ISS after APJ Abdul


Narendra Modi to attend International Day of Vesak Kalam
celebrations in Colombo
A team of scientists at the National Aeronautics and
Buddha Purnima or "Vesak", the day of the Full Moon Space Administration (NASA) in May 2017 named a
was observed globally on 10 May 2017. The day marks new organism after A P J Abdul Kalam, a former
the birth of Gautam Buddha, who was born two and a President of India.
half millennia ago in the year 623 B.C.
The new organism is a bacterium, which has been
It was also on this day that the Buddha attained found only on the International Space Station (ISS) and
enlightenment under the Mahabodhi tree at Bodh has not been found on Earth.
Gaya and it was on the day of Vesak that the Buddha
The bacterium has been named as Solibacillus kalamii
passed away.
to honour the late president, who was also an
The International Day of Vesak celebrations will be held aerospace scientist.
in Colombo from 12 May to 14 May.

Seventieth World Health Assembly kicks off in Geneva


Brazil declares end to Zika emergency
The 70th World Health Assembly (WHA) opened on 22
Brazil on 11 May 2017 declared an end to public health May 2017 at Geneva-based UN headquarters in
emergency for the Zika virus after about 18 months of Switzerland.
fight against this mosquito-borne virus.
The World Health Assembly is the main decision-
The Zika virus emergency fell upon Brazil when the making body of the World Health Organization (WHO).
country was preparing to host the 2016 Olympics,
The Member States of the WHA will elect a new
fuelling the concerns that Rio Olympics could spread
Director-General, who will take office for a five-year
the virus.
term on 1 July 2017.

42 | P a g e
UN releases the First draft of Nuclear Ban Treaty across the world including a team from Indias BITS
Pilani.
The United Nations on 22 May 2017 released the first
draft of the nuclear ban treaty that would legally BITS Pilanis team will be participating in the
prohibit the possession of nuclear weapons, in the face competition with name Hyperloop India.
of strong opposition from all the nuclear-armed states
Budget of the Indian Prototype, OrcaPod: Rs 75 lakhs
including the United States.

The draft was released in Geneva by Costa Rican UN


ambassador Elayne Whyte Gomez, who is leading the Dubai police recruits worlds first Robocop
UN conference negotiating the ban. It condemns the
use of nuclear weapons, terming it as a violation of the The Dubai police on 22 May 2017 officially inducted the
international humanitarian law. world's first operational robot police officer 'Robocop'
into the force at the 4th Gulf Information Security Expo
and Conference (GISEC).
World's smallest nation Nauru ratifies International The launch of the worlds first operational Robocop is
Solar Alliance Pact a significant milestone for the United Arab Emirates'
vision to be a global leader in smart cities technology
Nauru, worlds smallest republic and the tiny island
adoption.
nation, on 23 May 2017 ratified the International Solar
Alliance (ISA) Framework pact. With this, Nauru The Robocop is over 5 feet tall and weighs 100 kg. It has
became the sixth country to ratify ISA pact. a facial recognition software with which it can identify
offenders.
Five more African nations including Comoros, Cote
dIvoire, Somalia, Ghana and Djibouti have committed
to sign the Solar Alliance pact during the ongoing
meeting of the African Development bank in Gujarat, Construction begins on world's largest telescope in
India. Chile

Construction began on 26 May 2017 on the European


Extremely Large Telescope (ELT), which when
World's largest aircraft Airlander 10 completes completed will be the world's largest optical telescope.
successful test flight The telescope will be located in Chile's Atacama Desert.
The world's largest aircraft, Airlander 10, on in the third Director General of ESO, Tim de Zeeuw, and President
week of May 2017 successfully completed a test flight. of the Republic of Chile, Michelle Bachelet Jeria marked
This brings the helium-filled behemoth one step closer the attendance in the ceremony to inaugurate the
to commercial use. construction of the telescope.
The hybrid aircraft dubbed the Airlander 10 merges The ELT, conceived by the European Southern
technology from airplanes, helicopters and airships. Observatory (ESO), will be around five times larger than
The aircraft is designed to stay aloft at altitudes of up the top observing instruments in use today.
to 20000 feet for up to five days when manned. At a
massive 302 feet long, it is the largest aircraft currently
flying. Pentagon (US) successfully tests intercontinental
ballistic missile defence system

Hyperloop India to participate in SpaceXs Hyperloop The United States of America on 30 May 2017
Pod Competition II successfully conducted the first-ever test of its defence
system against an intercontinental ballistic missile
SpaceX, an American aerospace manufacturer and (ICBM). The test was long-planned.
space transport services company, will organise
Hyperloop Pod Competition II in August 2017 at its Speaking on the development, the US Missile Defence
headquarters in Hawthorne, California. The Agency (MDA) stated that a ground-based interceptor
competition will see the participation of 24 teams from
43 | P a g e
was launched at a California air base and it successfully It then fired a missile to intercept it from the
shot down a mock ballistic missile. Vandenberg Air Force Base in California.

The U.S military fired an ICBM-type missile from the


Kwajalein Atoll in the Marshall Islands towards the
waters just south of Alaska.

Sports News
Aizawl FC becomes first north-eastern club to win I- League. The striker had scored seven goals for fourth-
League place finishers Bengaluru FC.

Aizawl FC on 30 April 2017 defeated Shillong Lajong FC


to grab the 2016-17 I-League in Shillong, Meghalaya.
India placed at 100th spot in FIFA Rankings after 21
With this, Aizawl FC became the first ever north- years
eastern club to win the title.
The Indian football team made it into the top 100 of
The 2016-17 I-League was the 10th edition of the I- the FIFA World Rankings for the first time in 21 years.
League held at the Jawaharlal Nehru Stadium in
The team is placed at 100th alongside Nicaragua,
Shillong.
Lithuania and Estonia. The FIFA rankings were released
on 4 May 2017.

Hockey India recommends Sardar Singh for Rajiv India's rise in the rankings has been due to triumphs
Gandhi Khel Ratna over Cambodia and Myanmar.

Hockey India on 1 May 2017 recommended senior


player and former captain Sardar Singh for the Rajiv
N'Golo Kante named Football Writers' Association
Gandhi Khel Ratna, India's highest sporting honour.
Footballer of the Year
In 2008, Sardar was the youngest player to captain
NGolo Kante in the first week of May 2017 voted the
India when he led the Indian side at the Sultan Azlan
2017 Footballer of the Year by the Football Writers
Shah Cup.
Association.

Kante topped the poll of the 340-strong membership


Leander Paes and Scott Lipsky win Tallahassee ahead of his Blues team-mate Eden Hazard, with
Challenger Mens Doubles title Tottenhams Dele Alli in third place.

Indian tennis player Leander Paes along with his


American partner Scott Lipsky on 30 April 2017 won
Olive Ridley to be mascot of Asian Athletics
Tallahassee Challenger Mens Doubles title.
Championships
The duo defeated Argentine third seeds Leonardo
The logo and mascot of the Asian Athletics
Mayer and Maximo Gonzalez 4-6 7-6(5) 10-7 in the
Championships were released on 8 May 2017. The sea
summit clash.
turtle, Olive Ridley was declared the mascot of the
Championship. The logo depicts an athlete crossing the
finishing line with historical tourist attractions of
Sunil Chhetri wins Hero of I-League 2016-17 Award
Odisha.
Bengaluru FC striker Sunil Chhetri on 2 May 2017 won
The logo and mascot of the Asian Athletics
the coveted Hero of the League 2016-17 Award.
Championships were released by Odisha Chief Minister
Chhetri won the most number of votes cast by coaches Naveen Patnaik in the presence of Olympians PT Usha
and captains of the 10 teams, which took part in the I- and Anju Bobby George. The two Olympians

44 | P a g e
were also felicitated during the programme. The Laxman is the fifth Indian to receive the honour, after
championship is scheduled to be held from 6 to 9 July Sachin Tendulkar, Rahul Dravid, Sourav Ganguly and
2017 at Kalinga Stadium in Bhubaneswar. Zaheer Khan.

The mascot is named as OLLY and represents the sea Marylebone Cricket Club is a cricket club in London.
turtles that annually migrate to coastal Odisha for mass
nesting. The nesting process starts between November
and December and continues until April and May. Rafael Nadal beats Dominic Thiem to win 5th Madrid
Open title

Spains Rafael Nadal on 14 May 2017 won Madrid Open


Asian Wrestling Championship: India's Harpreet Singh
title of Tennis. In the final match at Madrid, the
wins bronze in Greco-Roman weight category
Spaniard defeated a determined Dominic Thiem of
Indian wrestler Harpreet Singh on 10 May 2017 won a Austria in straight sets 7-6(8), 6-4.
bronze medal in the Greco-Roman weight divisions on
Thiem resisted three championship points but Nadal
the opening day of the Asian Wrestling Championship.
seized the fourth with a drop shot to the back of the
In the opening match played in New Delhi, Harpreet
court to clinch his third consecutive clay-court crown,
defeated his rival Jun Ji Na of China 3-2 in 80kilogram
after winning in Monte Carlo and Barcelona in April
category.
2017. For the 14-times Grand Slam Winner, it was also
In addition to this, another Indian wrestler Gurpreet the 72nd tournament win of his career.
Singh lost his bronze medal bout 0-8 in just 38 seconds
to Bin Yang of China. He earlier entered the bronze
medal play-off round of Greco-Roman weight divisions Anshu Jamsenpa becomes first Indian woman to climb
in the 75 kilogram category. Mt. Everest four times
Earlier in the day, three other Indian Greco-Roman Indian mountaineer Anshu Jamsenpa has climbed the
wrestlers -- Ravinder, Hardeep and Naveen -- were Mount Everest yet again, the fourth time in six years.
knocked out of the tournament.
Hailing from Bomdila town in Arunachal Pradesh, the
32-year-old woman reached the world's highest peak
for the fourth time yesterday, a state government
Jhulan Goswami becomes highest wicket taker in
release said here.
Womens One Day Internationals
Jamsenpa earlier scaled Mount Everest thrice. She
Indian women's team fast bowler Jhulan Goswami on 9
conquered the peak twice within 10 days between May
May 2017 became the highest wicket-taker in the
12 and 21, 2011, and made her third successful
history of Womens One-Day Internationals.
attempt on May 18, 2013.
Goswami broke the decade-long record Australian
Cathryn Fitzpatricks 180 wickets from 109 matches.
Lewis Hamilton wins 2017 Spanish Grand Prix
Goswami dismissed South Africa's Raisibe Ntozakhe in
an ongoing Women's Quadrangular Series in South Mercedes Lewis Hamilton on 14 May 2017 stole a
Africa to claim her 181st victim in the 50-over format. stunning victory in the 2017 Spanish Grand Prix from
Ferrari's Sebastian Vettel.

It was Hamiltons second win of the season.


VVS Laxman awarded honorary life membership of
Marylebone Cricket Club

Former India batsman V V S Laxman on 11 May 2017 US-based Indian Ramit Tandon won his maiden PSA
was awarded an honorary life membership to the title
Marylebone Cricket Club (MCC).

45 | P a g e
Indian squash player Ramit Tandon won his first After both sides played out a 0-0 draw in regulation
professional title on 14 May 2017 after beating his time, it took two strikes from Bengaluru FCs Vineeth
Indian counterpart, Kush Kumar in the Sys Open 2017. to settle the tie.

The US-based player beat the third-seeded Kumar in


straight sets of 11-3, 11-2 and 11-3 in the final. This was
Alexander Zverev beat Novak Djokovic to clinch
Tandon's third appearance in a Professional Squash
Italian Open Mens Singles title
Association final.
Alexander Zverev on 21 May 2017 defeated World No.
2 Novak Djokovic 2 6-4 6-3 to win the Italian Open. The
R R Laxman wins All India Open Rapid FIDE Rating final was held in Rome, Italy.
Chess Meet
With the win, Zverev became the youngest Masters
Grand Master R R Laxman of Integral Coach Factory on 1000 titlist since a 19-year-old Djokovic won the 2007
18 May 2017 won the All India Open Rapid FIDE Rating Miami Open presented by Itau.
Chess Tournament at the Kshudiram Anushilan Kendra,
Kolkata, West Bengal.
Ashwin wins International Cricketer of the Year award
Laxman finished on top in the tournament with 9.5
points. Indian off-spinner Ravichandran Ashwin was conferred
the much-desired International Cricketer of the Year
FIDE Master Mitrabha Guha racked up 8.5 points to
award at the CEAT Cricket Rating (CCR) International
finish second in the 10-round tournament while
awards 2017 on 24 May 2017.
untitled Srijit Paul finished third ahead of Grand Master
Saptarshi Roy Chowdhury with a better tie-break score. The award was presented by former Indian Cricket
Captain Sunil Gavaskar and Chairman of RPG
Enterprises Harsh Goenka at a function held at the
Mumbai Indians beat Rising Pune Supergiant to win Cricket Club of India in Mumbai.
2017 IPL

Mumbai Indians on 21 May 2017 defeated Rising Pune


Manchester United beat Ajax to claim 201617 UEFA
Supergiant by 1 run to clinch the tenth edition of the
Europa League title
Indian Premier League. It is the third time that the
Mumbai Indians clinched the IPL winner title. Manchester United on 24 May 2017 won their first ever
UEFA Europa League title. The team defeated Ajax 0-2
With the win, Mumbai Indians became the first team
to clinch the 201617 UEFA Europa League title.
to win three IPL titles.
It is the second major trophy of the season for the
Krunal Pandya of Mumbai Indians was declared the
Manchester United. Their first win for the season was
Man of the Match.
the 2016-17 EFL Cup.
Sunrisers Hyderabads David Warner was termed the
leading runscorer of the tournament with 641 runs.
Bhuvneshwar Kumar of Sunrisers Hyderabad was the South Korea beat China to win 2017 Sudirman Cup
leading wicket-taker of the tournament with 26
wickets. South Korea on 28 May 2017 defeated China to lift their
fourth Sudirman Cup title at Gold Coast, Queensland,
Australia.
Bengaluru FC beat Mohun Bagan to lift Federation South Koreas women shuttlers played an impeccable
Cup game to beat 10-time champions China with a 3-2 win
in the final played at the Gold Coast Sports and Leisure
The Bengaluru FC on 21 May 2017 defeated Mohun
Centre in Australia. It was the first time that the event
Bagan 2-0 to lift the Federation Cup at the Barabati
was hosted outside Asia and Europe since its
Stadium in Cuttack.
establishment in 1989.
46 | P a g e
South Koreas other victories in the Sudirman Cup were title with a 4-6, 6-3, 6-3 victory over Germany's Mischa
in 2003, 1993 and 1991. Zverev.

The 2017 Geneva Open title is the 16th title of


Wawrinka's career.
Stan Wawrinka beat Mischa Zverev to clinch Geneva
Open Mens Singles title He has reached three Grand Slam singles finals in his
career, winning all three: the 2014 Australian Open, t
Swiss top seed Stan Wawrinka on 27 May 2017
he 2015 French Open and the 2016 US Open.
successfully defended his Geneva Open Mens Singles

Books & Authors


Book Name Authored By Other Info
Metaphysics, Morals and Politics Amal Kumar Mukhopadhyay President Pranab Mukherjee
receives first copy of
Confessions of a dying mind: The Haulianlal Guite Kiren Rijiju unveiled world's first
blind faith of atheism philosophical novel on God

Important Days
Days Celebrated on Theme/Info
International Labour Day / May Day 1 May

Ganga Swachhta Sankalp Divas 2 May Observed across the Ganga Basin States.

World Press Freedom Day 3 May Critical Minds for Critical Times: Medias role in
advancing peaceful, just and inclusive societies
World Asthma Day 2 May 'Asthma: Better Air, Better Breathing'.
National Technology Day 11 May Technology for inclusive and sustainable growth
(Celebrated to commemorated to mark the
anniversary of Pokhran nuclear tests of 1998)
World Migratory Bird Day 10 May "Their Future is our Future A Healthy Planet for
Migratory Birds and People."
International Firefighters' Day 4 May
World Red Cross and Red Crescent 8 May Everywhere for everyone
Day
International Nurses Day 12 May Nurses: A voice to lead - Achieving the Sustainable
Development Goals
International Day of Families 15 May Families, education and well-being
World Telecommunication and 17 May Big Data for Big Impact
Information Society Day
The International Day for Biological 22 May Biodiversity and Sustainable Tourism
Diversity
World Day for Cultural Diversity for 21 May
Dialogue and Development
HIV Vaccine Awareness Day 18 May
World Metrology Day 20 May Measurements for transport
World Turtle Day 23 May
International Day of United Nations 29 May Investing in Peace around the world
Peacekeepers
World No Tobacco Day 31 May Tobacco a threat to development

47 | P a g e
Obituaries

Famous climber Ueli Steck dies in a tragic accident Singh was suffering from cancer since some time and
near Mount Everest took his last breath around 1.45 am. He is survived by
his wife and a son. His elder son had passed away in an
One of the worlds most renowned climbers, Ueli Steck,
accident in 2012.
died in an accident in Nepal near Mount Everest on 30
April 2017. He was 40. The state government is arranging for his funeral at
Kullu with full state honours. His body would be flown
Steck died after falling to the foot of Mount Nuptse, a
there from Delhi on 12th itself.
smaller peak in the area. The accident happened when
he was doing an acclimatizing climb for an attempt of
the never-repeated Hornbein route on the West Ridge
Veteran actress Reema Lagoo passes away
of Everest without supplemental oxygen.
Veteran actress Reema Lagoo died on 18 May 2017 at
Kokilaben Hospital in Mumbai. She reportedly suffered
First Woman Chief Judge of State High Court Justice a massive cardiac arrest. She was 59.
Leila Seth passes away
Lagoo who appeared in several Hindi and Marathi films
Justice Leila Seth, the first woman judge of Delhi High also acted in numerous television shows like Tu Tu
Court, passed away on 6 May 2017 after a brief illness Main Main and Shrimaan Shrimati.
in Uttar Pradesh. She was 86.

Seth was the first woman to have topped the London


Environment Minister Anil Madhav Dave passes away
Bar exam, first woman Judge of the Delhi High Court
and also the first woman Chief Justice of a State High Union Environment Minister Anil Madhav Dave passed
Court of Himachal Pradesh. away on 18 May 2017 following a brief illness at AIIMS
Hospital, Delhi. He was 60.

The minister was last seen in meeting with Prime


Legendary Sitarist Rais Khan passes away
Minister Narendra Modi on 17 May 2017 itself.
Renowned Sitar maestro Ustad Rais Khan passed away
Dave took charge as Union Minister of Environment,
on 6 May 2017 in Karachi, Pakistan. He was 77.
Forest and Climate Change in July 2016.
Ustad Rais Khan was born in Indian city of Indore,
Madhya Pradesh, on 25 November 1939.
James Bond actor Roger Moore passed away at 89
The Sitarists maternal grandfather Inayat Ali Khan was
also considered one of the finest sitar players in the Former James Bond star Roger Moore passed away in
subcontinent. Switzerland on 23 May 2017 after a brief battle with
cancer. He was 89.

Himachal Pradesh cabinet minister Karan Singh


passes away Former Greek Prime Minister Constantine Mitsotakis
dies
Karan Singh, Himachal Pradesh Cabinet Minister
passed away on 12 May 2017 at the All India Institute Former Greek Prime Minister Constantine Mitsotakis
of Medical Sciences (AIIMS) in Delhi. He was 59. passed away on 29 May 2017. He was 98. Mitsotakis
was an early proponent of austerity cuts that Greece

48 | P a g e
eventually had to adopt during the economic crisis of Parvathamma Rajkumar, Kannada film producer and
2010. wife of the late Kannada superstar Rajkumar, passed
away on 31 May 2017 due to prolonged illness. She was
Mitsotakis had quit politics in 2004 after serving as the
78.
country's longest-serving parliamentarian.
She had been hospitalised since 14 May. After a major
drop in blood pressure, the producer suffered a
Former Punjab DGP Kanwar Pal Singh Gill passes away massive cardiac arrest on 31st morning.

Kanwar Pal Singh Gill, former Director General of Police


(DGP) for the state of Punjab, passed away on 26 May
Veteran filmmaker Dasari Narayana Rao passes away
2017 in New Delhi. He was 82.
Veteran Telugu filmmaker and former Union minister
Gill, one of Indias most celebrated cops, was popularly
Dasari Narayana Rao passed away on 30 May 2017
known as the Lion of Punjab and Super Cop.
following heart failure. He was 75.

Rao was known for directing movies with legendary


Kannada film producer Parvathamma Rajkumar actors like NT Rama Rao and Akkineni Nageswara Rao.
passes away He was also an active politician in the Congress party
and served as a Union Minister during the UPA regime.

Editorials with Vocabulary

Taxing agriculture
The NITI Aayog proposal to tax agriculture, despite Union Finance Ministers clarification that the government has no
such intention, has triggered a policy debate that refuses to recede.

Arun Jaitley cited constitutional limitation for the Centre to do so as agriculture is in the state list. Its true that under
the present Constitutional assignment of tax powers in India, taxation of agricultural income is placed within the state
list. But, no state has ever tried to levy a comprehensive tax on agricultural income given the influence of agricultural
lobby.

Should there be a tax on agricultural income? The recent changes in agrarian economy gave further credence to the
proposal to tax this sector. The shift towards commercial crops and, especially, plantations, farm houses etc., has been
cited to justify taxation on agricultural income.

Its also a fact that agriculture has been a source of parking black income as it does not attract any income tax. Besides
evading tax, unaccounted income from other sources is shown under agricultural income to avoid paying taxes. Thus,
agriculture has been used as a channel to legitimise and perpetuate unaccounted income.

D P Sengupta and R Kavita Rao of National Institute of Public Finance and Policy in an article in Economic and Political
Weekly estimated that if agricultural incomes too were treated on par with other incomes and were made subject to
income tax, it would yield potential revenue of about Rs 50,000 crore for 2007-08. It would be much higher now a
decade later. Hence, the clamour for bringing agriculture into tax net. There will be substantial revenue for the states
as agriculture is in the state list.

There is a growing presence of corporate sector in various activities associated with this sector. There are corporate
companies reporting agricultural incomes and income from the sale of various agricultural
products. The propagation of contract farming is also changing the character of agricultural operations and income
from them.

49 | P a g e
Income from allied sectors like dairy, live stock, poultry etc., is also often shown as agricultural income to evade taxes.
The share of allied sectors and other value-added activities in the overall agricultural income is increasing.

But, this is only a part of the story. The income from agriculture is highly inconsistent. The amplitude of fluctuation in
agrarian incomes has been accentuated by the integration into global market place. The shift towards cash crops has
further intensified the trend.

Computing agricultural income is fraught with many challenges. The fragmentation of agricultural land holdings has
led to a situation where small and marginal farmers account for a large chunk of agrarian community.

Any income on agricultural operations that are informal in character is prone to large-scale evasion. It requires a
massive machinery to collect and verify taxes on agricultural incomes.

The growing trend of tenancy farming coupled with no record of rights further complicates the process of computing
agricultural incomes to arrive at taxable income.

Given the merits and demerits of agricultural income tax, at least taxing some crops or processes can be
explored. Higher levels of income from cash crops can also be brought under the ambit of taxation. Income from
farm houses near urban areas should be taxed.

Word Meaning

recede go or move back or further away from a previous position.

credence belief in or acceptance of something as true.

perpetuate make (something) continue indefinitely.

legitimise Make legal

clamour to make a loud complaint or demand

propagation the action of widely spreading and promoting an idea, theory, etc.

amplitude the extent or range of a quality, property, process

accentuated make more noticeable or prominent.

fraught (of a situation or course of action) filled with (something undesirable).

ambit the scope, extent, or bounds of something.

SEBI reforms: It is time for a Swachh Market Abhiyan


Securities and Exchange Board of India (Sebi) chairman Ajay Tyagi has a clean-up on his mind. In the two months since
he took over, he has tightened norms and decried crony independent directors at listed companies.

To cauterise this market though, he must start by pruning promoter holdings to 50% and searing shell companies that
are used for manipulating stock prices. It will be a bloody clean-up, but a necessary one to boost investor confidence
and limit market rigging in a highly manipulated market.

Indias publicly listed companies are seeped in a promoter culture that overshadows their public obligations. This
means two things. If the promoters are ethical, transparent and take their responsibilities seriously, the company
behaviour reflects that.
50 | P a g e
On the other hand, when promoters see a stock market listing as cheap big bucks, the dirty games begin. It makes
their firms schizophrenic, a twin personality, if you like public for tapping money, but less transparent on just about
all else from governance to accounting.

In this highly muddled environment, chicanery rules. So-called independent directors are typically friends or retired
bureaucrats with experience of navigating complex government red tape. In public sector firms, gatekeepers are often
picked from a cabal of known associates folks who can hardly be expected to raise a red flag. Team this with a
mandated free float of just 25% and its easy to see how the market lends itself to malfeasance. This is true especially
for small to mid-sized companies.

Often, the public shareholding is held by institutional investors or big traders with an arrangement with promoters,
and get early tip-offs for their cooperation. Much worse, the free float itself is cornered by promoters through
an excruciating web of shell companies. Recently, the ministry of corporate affairs stated that 9,00,000 registered
companies in India dont file tax returns and are possibly used for illegal activity.

The market is further distorted by traders and corrupt business journalists who collude with promoters to spread
misleading stories to push prices up, or sometimes even short stock.

For all this to fade, the free float has to be large enough to make it hard to corner, and attractive enough for activist
hedge funds, to play.

Everywhere in developed markets, activist investors have held companies accountable for their actions, especially to
shareholders. In many cases, their activism has dethroned errant executives found guilty of wrongdoing or careless in
managing company funds.

Several investors, even conservative Blackrock, are increasingly questioning ineffective value creation for
shareholders, something regulators often fail to do.

By insisting that companies free up 50% of their stock for investors, Sebi will open up the market to large institutional
investors who can hold promoters accountable. A higher free float will also automatically curb promoter ability to put
vast sums of money into the market to manipulate stock price.

Sebis other challenge will come in clamping down on trading using shell companies. The government plan to digitise
databases should help the regulator keep better track. It shouldnt stop there though. Sebi will need to invest in
automated surveillance that some in Silicon Valley are already developing. Using automation to weed through and
marry big data from banks, Aadhaar, tax offices and the MCA can reveal manipulative trading and promoter linkages.

Traders are already ahead of the game by using algorithms for high frequency trading (HFT), often also used to spoof
the market and distort trade. And the only way to sift through legitimate trading from spoofing is through the use of
artificial intelligence and machine learning that mimics trader behaviour to spot lawless trades.

This is not to say it will end manipulation overnight. But at least the chance of getting caught will act as a deterrent to
many.

The regulators real grit, however, will come from heavy punitive action against errant traders and promoters. For too
long, India has tolerated a culture where traders and promoters caught red-handed get away with limp fines and
continue to be active in the market even when they are barred from it. Its a VIP culture that money and connections
buy, and only one that the regulator can end. Tyagi must chart a plan to level the playing field and bring relief to small
retail investors. Its the only way to embark on Narendra Modis idea of ending the VIP culture and replacing it with an
EPI Every Person is Important one.

Important Vocabulary

51 | P a g e
Word Meaning
decried publicly denounce.

crony A Close friend. Here it is: close relationships between business people and
government officials.

searing Severly critical

seep To pass slowly through

chicanery the use of deception or subterfuge to achieve one's purpose.

red tape excessive bureaucracy or adherence to official rules and formalities.

malfeasance wrong doing (Especially by a public official)

excruciating unbearably distressing

errant moving in an aimless or lightly changing manner

collude come to a secret understanding; conspire.

clamping down suppress or prevent something in an oppressive or harsh manner.

deterrent a thing that discourages or is intended to discourage someone from doing


something.

punitive inflicting or intended as punishment.

grit courage and resolve; strength of character.

limp to proceed in a lame, faltering, or labored manner.

Quizzes
Puzzles

Set 1 immediate right of the one who drives Honda. S faces


in the same direction as that of his immediate
P, Q, R, S, T, U, V and W are eight crime partners. They neighbours. The immediate neighbours of the one who
are sitting around a circular stone inside a cave. Each of drives Yamaha face in opposite directions. U doesnt
them drives different bikes. Some of them face towards drive Yamaha. The one who drives Royal Enfield is
the center of the stone and some face away from the neither W or Q nor he sits with W. W faces in the same
center. Not more than three partners facing in the direction as S. Either the one who drives Royal Enfield
same direction are sitting together. These are the faces the center or Q faces the center. T sits in the
further details- clockwise direction from W. The one who drives
The one who drives Bajaj sits three places away to the Triumph faces away from the center. W drives neither
left of the one who drives Ducati. There is exactly one Harley nor BMW. R doesnt drive BMW.
person sitting between T & W. U, who neither sits with
W nor with T, is third to the right of P who doesnt sit
with W. T drives Ducati. The persons drive Harley and Q.1 Who sits third to the right of the one who drives
Honda are sitting opposite to each other. S doesnt Triumph?
drive Bajaj and is third to left of the one who drives
a) T
Yamaha. V who faces towards the center, is to the
52 | P a g e
b) The one who drives Ducati d) four

c) R e) none.

d) The one who drives Honda

e) none of these. Solutions:

Q.2 Who among the following drives Yamaha?

a) U

b) R

c) V

d) P

e) none of these.

Q.3 Which is the group in which all the members face


in the outwards direction?

a) VPU

b) SWT
Answers: 1. D, 2. C, 3. C, 4. B, 5. A
c) UPW

d) WRP
Set 2
e) none of these.

Six persons L, M, N, O, P and Q went to eat pizza. They


Q.4 Who sits in the middle of the one who drives Ducati
contribute different amounts i.e. 50, 60, 70, 80, 90 and
and V?
100, not necessarily in the same order. They also like
a) The one who drives BMW different colours i.e. Yellow, Red, Black, Blue, Orange
and green not necessarily in the same order. They are
b) P
seated in a row facing north. These are the further
c) The one who drives Bajaj details-

d) T L sits to the left of M. The one who likes Blue is to the


immediate left of P. The one who likes Green
e) none of these.
contribute 50. The neighbors of O contribute 70 and
90. Q sits at one of the ends. The one who likes Blue is
four places away from the one who contributes 90.
Q.5 If they sit in the order as they appear in English There is a gap of two seats between L and O. Neither P
language. Then the position of how many will remain nor N is a neighbor of O. O did not contribute the least
same, if starts in clockwise direction from P? amount. The one who likes Black is third to the left of
a) one the one who contribute 70. N contribute more than L.
The one who likes orange contributes the maximum
b) two amount. Q likes Yellow.
c) three

53 | P a g e
Q.6 Who among the following contribute the third b) 20
maximum amount ?
c) 30
a) M
d) 40
b) The one who likes Yellow
e) 50
c) The one who likes Black

d) L Solutions:

e) none of these.

Q.7 What will be the value when we multiply 6 with the


amount of the one who likes Yellow?

a) 420

b) 600
Answers: 6. C; 7. D; 8. D; 9. B; 10. A.
c) 480

d) 540
New Pattern Coding-Decoding
e) none of these.
HAVE FUN LIKE MAN is written as 4#2, 4#7, 6@7,
6@5"
Q.8 Who among the following likes Green ? COOL MAN ENJOYING PARK is written as 6!4, 2#2,
a) P 6@5, 1@6"

b) The one who contribute 50 RAM IS TAKING REST is written as 9@8, 5@1, 1@8,
6#1
c) The one who contribute 60

d) both a & b
Q.1 what is the code for IS?
e) none of these.
a) 5@1

b) 9@8
Q.9 Who sits second to the right of 2nd least
contributor ? c) 1@8

a) O d) 6#1

b) The one who likes Red

c) The one who likes contribute maximum Q.2 What could be the code for SHIVA?

d) P a) 3#7

e) none of these. b) 2#2

c) 2@3

Q.10 What is the difference between the amount of the d) 5#2


one who likes black and M ? e) none of these
a) 10

54 | P a g e
Q.3 What could be the code 6#9 represent ? d) 6#1

a) IRONMAN e) none of these.

b) LION

c) KRISH Answers

d) HUMAN 1. B
2. B
e) none of these.
3. D
4. C
5. C
Q.4 Which word represented by code 1@6?

a) COOL
Explanation
b) ENJOYING
1) Symbol represents the no. of vowel within the
c) PARK word.
d) MAN 2) If the word contains even no. of alphabets, then
subtracts 1 from the 1st and last alphabets place
value and then exchange their position. If the word
Q.5 What could be the code for IRONMAN ? contains odd no. of alphabets, then add 1 in 1st and
last alphabets place value and then exchange their
a) 6#9 position.
3) If the place value of any alphabet exceeds 9, then
b) 6!9
add them to make a single digit number.
c) 6!1

New Pattern English Quiz

Directions: Following are 3 statements taken from a 1. A


paragraph and jumbed up. One extra incoherent
2. B
sentence is added. Identify one Incoherent sentence
added into the following sentences: 3. C

4. D
1. Incoherent Passage Question 5. None of these all statements are coherent.
A. During September of 1781, the combined land forces
of Rochambeau and Washington marched south.
2. Incoherent Passage Question
B. American forces marched over 200 miles in a period
of about two weeks. The plan worked perfectly. A. Reliance Industries (RIL), Indias largest company,
saw its earnings before interest and taxes jump 15 per
C. Rochambeau forces were always considered to be cent from the first quarter to the second, though net
most powerful forces in America. profits grew at a far more modest 2.6 per cent.
D. The plan was strictly confidential, and the generals B. Part of the reason for this was a sharp, 8 per cent-
kept their final destination secret from even the plus fall in its refining margins, down from $8.40 per
soldiers. barrel in Q1 to $7.70 per barrel in Q2.
Incoherent statement is:
55 | P a g e
C. For RIL, refining and selling oil and making B. Parts of the United States touch three different
petrochemicals are not new. Investors understand oceans.
these businesses and value them realistically.
C. United States is largest economy in the whole world!
D. This fall happened because the Asian demand
D. It is located in a continent called North America.
and, therefore, pricing of lighter fuels like diesel and
petrol was under pressure, possibly because most Incoherent statement is:
major emerging economies are growing slower than
they were before. 1. A

Incoherent statement is: 2. B

1. A 3. C

2. B 4. D

3. C 5. None of these all statements are coherent.

4. D

5. None of these all statements are coherent.


5. Incoherent Passage Question

3. Incoherent Passage Question A. There are consolation prizes which console, and
some which char the soul.
A. Banks are places where people can keep their
money. B. I am not suggesting we write a condolence letter, but
sympathy is certainly due to Sachin.
B. Today, when a person earns money from their job,
their paycheck is deposited (put) into their account. C. Membership of Parliament is a handsome freebie for
Sachin Tendulkar
C. Bank account are used to earn money by making
fixed deposits. D. Nomination to the Rajya Sabha is a pretty desultory
substitute for someone who has been promised the
D. Most people use banks to save money in their Bharat Ratna.
savings accounts and to pay money from their checking
accounts. Sachin did not ask for this honour. Delhis politicians,
ever eager to climb a bandwagon, led the clamour for
Incoherent statement is: Sachins elevation to jewel of India after he got his 99th
international hundred.
1. A
Incoherent statement is:
2. B
1. A
3. C
2. B
4. D
3. C
5. None of these all statements are coherent.
4. D

5. None of these all statements are coherent.

4. Incoherent Passage Question

The United States is a large country.

A. It is the third largest in the whole world!


Answers

56 | P a g e
1. C 4. C
2. C 5. C
3. C

Quantitative Aptitude

6
1. 20 college students are waiting in a queue for C2 ways
discount coupons of KFC. Each coupon costs Rs.5. Ten 5 10 5 10 5 _ _ _ _ _ ; ........ 10 ------
5
of the students have the Rs..5 coin and others have - C1 ways
currency notes of Rs.. 10. Determine in how many three 10's are replaced, no of cases - (7C3 + 6C2 +
5
ways can all the 20 students stand in the queue such C1)x(7C3 + 6C2 + 5C1) = 3025
that the person at the coupon counter will not face four 10's replaced , no of cases : (6C4 + 5C3 + 4C2 + 3C1)
2
any issue in paying back changes provided that the = 1156
person at the counter does not have any changes.
five 10's replaced , no of cases : (5C5 + 4C4 + 3C3 + 2C2 +
1
a) 5513 C1) 2 = 25
b) 3434 max only five 10's can come into first part
c) 1200 so total number of cases =
d) 5678 1+81+1225+3025+1156+25= 5513
e) Cannot be determined

Answer-a 2.Mousumi is a shopaholic. She went to a bag shop to


buy a handmade wallet. She took Rs. 15 to the shop in
For the coupon seller to have change always, the
the form of one rupee notes and 20 paise coins. After
person with Rs.5 should come before the person with
returning from the shop after buying the wallet, she
Rs. 10
was left with as many one rupee notes as she
We can also say that first person must have Rs.5 and originally had 20 paise coins and as many 20 paise
20th person must have Rs.10 coins as she had originally one rupee notes. The total
let us take this case 5_ _ _(10 places), 10 _ _ _ (10 amount also reduced by two-third. What was the cost
places), no of cases - 1 of the wallet?

Take the first 10 numbers as one part and next 10 as a) Rs. 9.60
second part b) Rs.11.50
now take one 10 into the first part, this can be done in c) Rs.7
9
C1 ways because 1st number should be 5 always d) Rs.5.75
and the 5 which is replaced by 10 can be arranged in e) None of the above
9
C1 ways in 2nd part
Ans-a
one 10 is replaced, no of cases: 9C1x9C1 = 81
now replace two 10's , 5 5 _ _ _ _ _ _ _ _ ; ........10 -- Let number of one rupee notes=X
--- 8C2 ways Number of 20 paise coins=Y
5 10 5 _ _ _ _ _ _ _ ; ...... 10 ---- Mousumi started with (100X+20Y) and came back
7
- C1 ways with (100Y and 20A) paise
same will be the cases for two 5's to be arranged in Also, 100Y+20X=(1/3) (100X+20Y)
the second part =>X=7Y
two 10's are replaced, no of cases - (8C2 + 7C1)x(8C2 + By hit and trial method,
7
C1) = 1225 Put Y=1=>X=7=>total Rs. 7.2 is less
replace three 10's, 5 5 5 _ _ _ _ _ _ _; ......... 10 ----- Put Y=2=>X=14=>Total=Rs. 14.4
-- 7C3 ways This is correct.
5 10 5 5 _ _ _ _ _ _ ; ......... 10 -------- Hence she spent=(2/3)x14.4=Rs. 9.60=cost of wallet

57 | P a g e
c) 32.3% increase
3-4 d) No changes
In an island of the Maldives, the natives have a e) Cannot be determined
peculiar process of determining their average earnings
and expenditures. According to an old tradition, the Ans-c
average monthly earnings had to be calculated on the
Average Monthly Income (old system) = 77
basis of 14 months in the calendar year, while the
So, Total Income of 173 families/14 = 77
average monthly expenditure was to be calculated on
So, Total Income of 173 families = 77x14
the basis of 9 months in the year. This weird system of
Now, Average Monthly Income of 173 families (new
calculation always resulted in the natives
system) =
underestimating their savings because there occurs an
underestimation of their earning. The expenditure per Total Income/12 = 77x14/12 = 89.83 fasios
month gets overestimated. Now keeping the above Now, Average Monthly expenditure (old system) = 21
points in view try to answer the below questions: So Average Monthly Expenditure (new system) =
21x9/12 = 15.75
3. Mr. Ghosh comes to his native island from Africa
and makes his native community comprising of 173
Total Savings (old system) = 77-21=56
families to calculate their average earning and the
Total Savings (new system) = 89.83-15.75 = 74.08
average expenditure on the basis of 12 months per
%change = (74.08-56)/56 x100 = 32.3%
the calendar year. The average estimated earning in
his community according to the old system is 77 fasios 5. Siddharth spends 30% of his income on his fathers
per month. Assuming there are no other changes, medication, 20% on agricultural property and 10% on
what will be the percentage change in savings of the daughters education. The corresponding percentages
173 families? for Akarsh are 40%. 25% and 13%. Given below are
two conditions in 2 statements.
a) 34% increase
A.Siddharth spends more on agriculture than Akarsh.
b) 34 % decrease B. Akarsh spends more on daughters education than
c) No changes Siddharth.
d) 56 % increase
e) Cannot be determined We can determine who spends more on Fathers
medication with the help of which of the above
Answer-e statements?

Average Monthly earning (old system) = 77 a) Statement A alone but not by using statement
So, Total Income of 173 families/14 = 77 B alone.
So, Total Income of 173 families = 77x14 b) Statement B alone but not by using statement
Now, A alone.
Average Monthly earning of 173 families (new system) c) Either of the statements alone.
= d) both the statements together but not by
either of the statements alone
Total Income/12 = 77x14/12 = 89.83 fasios e) cannot be answered on the basis of the two
But, we do not know the average monthly
statements
expenditure in either system.
Nor do we know the savings. Answer-b
So, the required answer cannot be determined.
Let Siddharth's and Akarsh's total income be 100x and
4. In the previous question, the average estimated 100y respectively.
monthly expenditure is 21 fasios per month for the So the amount spent by Siddharth on father,
island. Determine the percentage change in the agriculture and daughter will be 30x, 20x and 10x
estimated savings of the 173 families. respectively.
The corresponding amounts spent by Akarsh will be
a) 35 % decrease
40y, 25y and 13y.
b) 38 % increase
58 | P a g e
We need to find relation between 30x and 40y i.e. we
need the ratio 3x/4y
7. Ronnie starts driving from the market to the Stars
Now let us consider statement A alone:
lab in his car. Meanwhile, Dr. Stein also drives from
We get 20x>25y
the market one hour after Ronnie and overtakes
So 4x>5y i.e. x>1.25y
Ronnie after covering 30% of the distance from
If we take x=1.3y, then 3x/4y=3.9x/4y<1
market to the lab. Both of them continue the drive
But if x=2y, then 3x/4y=6y/4y>1
even after the overtaking. On reaching Stars lab, Dr.
So statement A alone is not sufficient.
Stein reverses his car and meets Ronnies car, after
covering 23 1/3 of the distance between Stars lab and
Consider statement B alone.
the market. In how much time did Dr. Stein cover the
It says 13y>10x
distance between market to the lab? ( in hours)
So x<1.3y
For x=1.29y, 3x/4y = 3x1.29y/4y<1 a) 3
Thus even for the highest value of x, we get 3x<4y. b) 5
For any value of x lesser than 1.29, 3x is surely going c) 4
to be less than 4y. d) 3 1/3
So statement B is sufficient. e) 2 7/3

Answer-d
6. A pump can fill or empty an oil reservoir. The
capacity of the oil reservoir is 3600m3. The filling Let the distance from market to Stars lab be x
capacity of the pump connected to the reservoir is When Dr. Stein overtakes Ronnie for the first time,
10m3/min less than its emptying capacity.If the pump both of them cover= 3x/10
takes 12 minutes extra to fill the reservoir than to
empty it, determine the emptying capacity of the When Dr. Stein meets Ronnie after that, Dr. Stein
pump? covers (7x/10)+(7x/30) =28x/30

a) 50m3/min And Ronnie covers= (23x/30)-(9x/30)=14x/30


b) 60m3/min Therefore, Dr. Stein is twice as fast as Ronnie.
c) 45m3/min
d) 90m3/min Dr.Stein starts one hour after Ronnie and catches up
in 1 hour.
e) 80m3/min
Thus, Dr. Stein covers 0.3x (30 % of x) in one hour or x
Answer-b
in 10/3 hr or 3 1/3 h.
Let x m3/min be the filling capacity of the pump.
Therefore the emptying capacity=(x+10) m3/min
The time taken to fill the reservoir=3600/x 8. Anubhab spent less than Rs. 17500 to buy one
Time taken to empty the reservoir=3600(x+10) quintal each of pomegranate, orange and guava.
It takes 12 more minutes to fill the reservoir than to Which one of the following statements is sufficient ot
empty determine which one of the three fruits bought was
it the costliest ?

A.2 kg pomegranate and 1 kg guava cost less than 1 kg


{3600/x } - {3600/(x+10) } =12
pomegranate and 2 kg guava.
=>3600x+36000-3600x=12(x2+10x)
=>36000=12(x2+10x) B.1 kg pomegranate and 2 kg orange together cost the
=>3000= x2+10x same as 1 kg orange and 2 kg guava.
=> x2+10x-3000=0
=>x=-60 or 50 a) One of the statements alone but not the other
Taking positive value of x=50 statement alone
Emptying capacity =50+10=60 m3/min b) Either of the statements alone

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c) Both statements together but not by using 8 spinners made=8x72 >480 hence the option does
either statement alone not hold true.
d) None of the above statements
e) Cannot be judged. Option c->
10 spinners did 480
Ans-c One spinner did 48.
Remaining 6 spinners need to spin 48+32=130 blouse
From A alone, 2P+G<1+2G=>P<G
each
We got no idea about olive, so it is not sufficient. Tota 6 spinners will spin= 130x 6= 480 which satisfies
the question
From B alone, P+2P=O+2G => P+N=2G
Hence answer is option C
This also is not alone.

Using both, As P<G and P+O=2G=> G<O


10. A blind school has 3433 visually handicapped
Hence both are required. students. 80 to 85 percent of the students are good
musicians and 30 to 40 percent of the students are
good actors. Each student has excellence in at least
9. Nitu got an order for 480 khaddar blouses. She one of the skills of music and acting. What is the
bought 12 charkhas and appointed some spinners to absolute difference between the minimum and
do it. However, many did not come on the working maximum possible numbers of students who are both
day. As a result, each of those who did come had to great musicians and actors?
spin 32 more blouses than originally assigned with
equal distribution of work. How many spinners had a) 338
been appointed earlier and how many did not come? b) 298
c) 208
a) 12,4 d) 123
b) 10,3
e) Cannot be determined
c) 10,4
d) Cannot be determined Answer-b
e) 11,7
Total Students = 2001
Answer-c % of students who are musicians = 80% to 85% of
3433 = 2746 to 2918
Solving by options, So, % of students who are good in acting alone =
Option a-> 100%-85% to 100%-80% = 15% to 20% = 515 to 687
12 charkhas need to make 480 blouses. % of students who are good actors = 30% to 45% =
Each charkha=40 blouses. 1030 to 1545
Due to the absence of few spinners, now each spinner So, minimum = 1030-687=201
had to make 40+32=72 blouses. and maximum = 1545-515=499
According to option, 12 are total spinners and 4 were and 499-201=298
absent hence 8 were spinning.

Banking Awareness

Set 1 a) various deposit products

b) various loan products

1. NEFT and RTGS in banking terminology speaks of c) electronic payment products within a bank

d) electronic fund transfer from bank to bank


60 | P a g e
e) cheque truncation process 6. In a bank which of the following are the usual types
of Deposits accounts?

a) Savings A/c, Electricity A/c and Insurance Premium


2. Each of the RRBs covers districts ranging from
A/c
a) 1 to 15
b) Fixed Deposits, Post office savings bank A/c and
b) 2 to 25 current deposit accounts

c) 3 to 25 c) Current A/c, Savings Bank A/c and Term deposit a/c

d) 2 to 15 d) Loan accounts, Savings bank A/c and term deposit


accounts
e) 1 to 5
e) Current Bill A/c and Term Deposit A/c

3. As per news in various newspapers, 'kfw' Group


released another instalment of its financial aid to India. 7. Which of the following cannot be called as a value
Kfw is an organisation/bank based in added service offered by bank?

a) France a) Special accounts for the poor section of the society

b) Japan b) Accident insurance cover

c) Italy c) Instant credit of outstation cheques

d) China d) Free cheque books

e) Germany e) All of these

4. Crossing of cheques makes them 8. An account in which trading of shares in their


electronic form is done, is known as
a) invalid document
a) D-Mat Account
b) ineligible to endorse to person other than payee
b) NRI Account
c) remain the same in all respect, it is only a practice
c) NRIO Account
d) eligible for payment irrespective of sufficient
balance in the account d) Current Account

e) Ineligible to get cash across the bank counter e) None of the above

5. When a bank dishonours a cheque, 9. Mortgage is a security created on

a) it is called settlement of the cheque a) movable property for a loan given by a bank

b) it is called withdrawing of the cheque b) immovable property for a deposit received by a bank

c) it is called nullifying of the cheque c) a confirmation of immovable property given by a


bank
d) it is called truncating of the cheque
d) movable property for a deposit given by a bank
e) it is called return of the cheque unpaid
e) immovable property for a loan given by a bank

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10. A savings Bank Account opened with a commercial 2. In which year did the Insurance Regulatory and
bank with zero balance or very minimal balance is Development Authority of India came into force?
known as
a) 1999
a) Savings bank ordinary account
b) 2000
b) Student savings bank account
c) 2001
c) No-Frill Account
d) 1991
d) Current Account
e) 1993
e) Call Deposit

3. Under which section of the RBI Act, mentions the


Answers: right to recover of notes lost, stolen, mutilated or
imperfect?
1. d) electronic fund transfer from bank to bank
a) Section 28
2. b) 2 to 25
b) Section 21
3. e) Germany
c) Section 28
4. b) ineligible to endorse to person other than
payee d) Section 24

5. it is called return of the cheque unpaid e) Section 35

6. c) Current A/c, Savings Bank A/c and Term


deposit a/c
4. SWIFT is a network for banks to exchange
7. b) Accident insurance cover information. What does S stands for in SWIFT?

8. a) D-Mat Account a) System

9. e) immovable property for a loan given by a b) Secured


bank
c) Securities
10. c) No-Frill Account
d) Society

e) Standard
Set 2

5. The foreign Exchange rate is dependent on which of


1. Under which section of the RBI Act, the RBI has the the following?
sole right of note issue? a) Government Policies
a) Section 20 b) Monetary Policy Directives
b) Section 22 c) Demand and Supply Forces
c) Section 25 d) Foreign Exchange Reserves
d) Section 28 e) None
e) Section 30

6. Who decides on the value and volume of bank notes


to be printed and on what basis?

62 | P a g e
a) Reserve Bank of India b) shall be liable if the loan is taken with his consent or
authority
b) Stock Exchange
c) shall never be liable in any conditions
c) NITI Aayog
d) Both 1 and 2
d) Finance Ministry
e) None
e) Union Government

10. Which of the following lendings qualifies as a


7. Inflation is measured in India on the basis of which
priority sector loan?
Index?
a) Loan for purchase of gold or diamond ornament for
a) Consumer Price Index
daughter's marriage
b) Whole Sale Price Index
b) Loan for white goods
c) Retail Price Index
c) Loan for House improvement or new house
d) Market forces
d) Loan for purchase of tractor
e) None
e) Both 2 and 4

8. The SDR is an international reserve asset, created by


Answers:
the
1. b) Section 22
a) Asian Development Bank
2. a) 1999
b) Federal Reserve 3. c) Section 28
4. d) Society
c) United Nations 5. c) Demand and Supply Forces
d) International Monetary Fund 6. a) Reserve Bank of India
7. a) Consumer Price Index
e) World Trade Organisation 8. d) International Monetary Fund
9. b) shall be liable if the loan is taken with his
consent or authority
9. In case of a debt taken by a married woman, her 10. d) Loan for purchase of tractor
husband

a) shall be liable if the debt is taken after her marriage

Tutorial: How to Solve New Coding-Decoding Problems in Bank PO Exams 2017 - A Step by Step Guide

Reasoning is a very important section in the banking examinations. And you are all well aware that the pattern of
questions asked in the reasoning section has changed a lot. So today, we are sharing an article on how to solve the
new pattern coding decoding.

3 STEP APPROACH FOR SOLVING CODING-DECODING-

1. Have a look at the words and codes given.

2. Translate the codes.

3. Deduce the probable codes.

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Now after reading these 3 steps you might be thinking if its so easy to decode the codes then why

you have been finding it difficult to do so in the examination hall. Yes, it is easy but when paid attention.

The reason why you found it a little difficult in the examination hall was you were not well acquainted with the new
pattern. The previous pattern coding-decoding asked in the exams was based on the method of elimination but the
new pattern is based on translating codes. So lets take an example to learn the new pattern with the above 3 step
approach.

Example-

Inventions the college world needs 3#7 10@8 5@3 7#8 5%4

Yuvraj is my favourite player 9#2 2?4 6$1 6*2 2@8

Study this from Manorama Yearbook 8^4 5?8 8&2 4@7 4!2

Decoding using the 3 step approach-

Step 1- A general look clearly shows that each code has a number both in the beginning and in the end and in between
there is a symbol.

Step 2- A more deeper analysis for translating the codes.

Taking the first line in consideration

Inventions the college world needs 3#7 10@8 5@3 7#8 5%4

We clearly observe that the number 5 in the beginning of a code is written twice which means that any two words
have relation with number 5. Here in this, the number 5 represents the total number of alphabets in a word (world
and needs both the words have 5 alphabets).

So, the codes that can be deduced by this much analysis-

Inventions- 10@8

The- 3#7

College- 7#8

World- 5@3 or 5%4

Needs- 5@3 or 5%4

Also, number 8 is written twice in the end of a code. So weve to deduce some relation. But taking only a single line in
consideration we are not able to derive any relation. So proceed further.

Taking second line in consideration

Yuvraj is my favourite player 9#2 2?4 6$1 6*2 2@8

Codes that can be deduced by above analysis-

Yuvraj- 6$1 or 6*2

Is- 2?4 or 2@8

My- 2?4 or 2@8

Favourite-9#2

Player- 6$1 or 6*2

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Taking last line in consideration

Study this from Manorama Yearbook 8^4 5?8 8&2 4@7 4!2

Codes that can be deduced by above analysis-

Study- 5?8

This- 4@7 or 4!2

From- 4@7 or 4!2

Manorama- 8^4 or 8&2

Yearbook- 8^4 or 8&2

It must be noted that in Inventions the symbol in the code is '@' which is also a symbol either in the code for world
or for needs. If we look carefully, then Inventions and Needs both have alphabet s at the end which hence means
that the symbol in the codes is for the last alphabet in the word. And hence more codes can be deduced.

Needs- 5@3 so automatically world will be coded as- 5%4

Is- 2@8 so automatically my will be coded as- 2?4

This- 4@7 so automatically From will be coded as- 4!2

Now the codes for Manorama, Yearbook, Yuvraj and Player are still unclear. Since the total number of alphabets,
last alphabet has already been considered in codes as the initial number and the symbol respectively. So we may
consider either the first alphabet or the middle alphabet etc which can form some sort of relation with the last number
in the code to decode the remaining codes.

When we consider Manorama which can be coded as either 8^4 or 8&2. If we consider the first alphabet M the
numeric value of which is 13. So it is a possible that 1+3 has been summed up and hence 4 in the end of the code. But
then as per this possible deduction the numeric value in the end in the code for Yearbook will be 7 which isnt there.
So, we have to look for some other possible deduction.

The reversal for M is N. If we consider the numeric value of N, it is 14. The value 4 may come when we multiply 1
and 4. When we consider Y in Yearbook, the reversal for which is B. The numeric value of the same is 2. So, the
codes for Manorama and Yearbook are 8^4 and 8&2 respectively. Similarly the codes for Yuvraj and Player are
6*2 and 6$1 respectively.

Step 3- Hence all the codes have been decoded. The first numeric value represents the number of the alphabets in the
word, symbol in place of the last alphabet of the word and the last numeric value represents the value of reversal. If
the numeric value of reversal is a two-digit number then the digits are multiplied and if a single-digit number then it is
written as it is.

The overall process takes a minute or two depending on the practice. This has been elaborated just for making things
clear to you.

Thank you

Ruchi (Sabhiya)

Exampundit Mentor

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