Daily GK Updates - 11th July, 2017

NATIONAL UPDATES:

1. UN report says India set to become the most populous country, largest producer of milk and wheat by 2026: According to a report by the UN and OECD, India projected to be the most populous country over the next decade. By 2026,India will be the world’s largest milk producer and will account for the biggest increase in wheat production globally. Milk production in India will grow 49% in 2026 and India will be the world’s largest milk producer.

2. Finance Minister Arun Jaitley launches new taxpayer service module Aaykar Setu:  Aaykar Setu will enable the Income tax Department to directly communicate with the taxpayers and aimed at providing information on useful tax services. It compiles various tax tools, live chat facility, dynamic updates, and important links to various processes within the Income Tax Department in a single module.

3. Mother Teresa’s Blue-Bordered Sari declared an Intellectual Property: The famous Blue bordered sari of Mother Teresa has been as an Intellectual Property of the Missionaries of Charity and obtained a “distinctive symbolic identity”. This is the first time that a uniform has been made the intellectual property.   

4. Government to organize Global Food Fair in November: The Union Govt. will organize a three-day international fair World Food India 2017 in 3 to 5 November to boost the food sector. It will provide a platform to Indian farmers and manufacturers to promote their products and explore partnerships with foreign companies, organized by the Food Processing Ministry. It aims at creating India a Global Food Factory and Global Food Retail Market.

International UPDATES:

1. Eighth Meeting of SAARC Ministers of Law & Order begins in Colombo: The three-day Eighth meeting of the SAARC Ministers of Law and Order preceded by meeting of the SAARC Secretaries of Law and Order and Immigration Authorities has begun in Colombo, Sri Lanka. Tackling terrorism apart from discussing liberalization of visa, illegal trafficking in narcotic drugs, psychotropic substances, and small arms will be topics for discussion.

2. Khaltmaa Battulga elected as Mongolian president: Martial Arts expert and Mongolian Businessman Khaltmaa Battulga sworn-in as president, promising to revive the flagging economy and pursue relations with countries outside its giant neighbours Russia and China.

3. Indian-origin man Guruswamy Jayraman awarded Australia’s highest civilian award: The highest civilian award Order of Australia has been awarded to Indian origin man Guruswamy Jayraman for community work in Australia.

4. World Population Day being observed today: To increase the awareness of the people towards the worldwide population issues, World Population Day was observed across the world on 11th July. The theme of this year is “Family Planning- Empowering People, Developing Nations”. The theme highlights the importance of family planning as it allows people to attain their desired number of children and determine the spacing of pregnancies.

OTHER UPDATES:

BANKING AND FINANCE:

1. RBI amends order on bankruptcy action on 12 large NPAs: An amendment has been made by the Reserve Bank of India on its earlier order asking banks to initiate bankruptcy proceedings against 12 companies which have outstanding loans amounting to over Rs 5,000 crore as on March 2016. The amendment, made through a notification, comes after the Gujarat High Court asked the RBI to remove the stipulation on its order last month that the 12 non-performing assets (NPAs), or bad loans, would be granted priority at the National Company Law Tribunal. Essar Steel, one of the 12 large NPAs identified by the RBI, had approached the Gujarat High Court for the RBI proceedings.

SPORTS:

2. P V Sindhu bags ‘Sportsperson of the Year’ award: During the Maruti Suzuki Sportsperson of the Year Charity Gala Awards, P V Sindhu was bestowed with the Sportsperson of the Year  award. Sindhu’s coach P Gopichand received the Coach of the Year award while the Flying Sikh Milkha Singh was given the Living Legend of the Year award.  Young India cricketer K L Rahul, who made a mark in the last Test series against Australia, was awarded ‘Game changer of the Year’ award while Abhinav Bindra was given the Lifetime Achievement Award.

OBITUARIES:

3. Renowned cartoonist Mangesh Tendulkar passes away:A very well-known cartoonist Mangesh Tendulkar passed away at a hospital in Pune.  His cartoons about government offices and on traffic rules very famous.Tendulkar also wrote some books like Bhuchchkra, Pocket Cartoons and Sunday Mood.