Current Affairs 8th July 2017

1.PM’s TROPHY FOR BEST INTEGRATED STEEL PLANT

  • Tata Steel has received PM’s Trophy for best integrated steel plant in the country for the year 2014-15 and 2015-16.
  • Tata Steel Group is ranked as one of the top 10 steel companies in the world with an annual crude steel capacity of 27.5 million tonnes per annum (MTPA) as of March 2017.
  • The objective of instituting the award for the integrated steel plants is to give recognition to outstanding performance in this vital sector of the national economy, which draws heavily on resources of capital and skilled manpower.
  • The award is intended to spur these major producers to achieve international standards of efficiency, quality and economy in their operations.
  • Award money-Winner-Rs 2 crore  and  Runner’s up-Rs 1 crore.

2.GLOBAL TREATY TO BAN NUCLEAR WEAPONS ADOPTED BY UN.

  • The United Nations has adopted a historic global treaty banning nuclear weapons.
  • The treaty was supported by 122 members.
  • The treaty will enter into force once 50 countries ratify it.
  • The nine nuclear powers, namely, the United States, Russia, Britain, China, France, India, Pakistan, North Korea and Israel neither took part in the negotiations nor cast their vote.

3.G20 SUMMIT, HAMBURG.

  • The leaders of the G20 countries agreed for taking concrete steps to stop funding of the terror activities.
  • The leaders also agreed to facilitate swift action and targeted exchange of information between intelligence, law enforcement and judicial authorities.
  • The G20 leaders have also called upon the private sector including the communication firms to curb the misuse of the internet for terror propaganda.

    G20

  • The G20(or G-20 or Group of Twenty) is an international forum for the governments and central bank governors from 20 major economies.
  •  Currently, these are Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, South Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, United Kingdom, United States, and the European Union.
  •  Founded in 1999, the G20 aims to discuss policy issues pertaining to the promotion of international financial stability.
  • The G20 heads of government or heads of state have periodically conferred at summits since their initial meeting in 2008, and the group also hosts separate meetings of  finance ministers and foreign ministers due to the expansion of its agenda in recent years.
  • Membership of the G20 consists of 19 individual countries plus the European Union(EU).

4.BRIDGE ON KARNAPHULI RIVER.

  • India and Bangladesh have decided to construct a bridge over Mizoram’s Khawthlangtuipui river (also known as Karnaphuli river) to facilitate trade and to improve communication between the two countries.

KARNAPHULI RIVER

  • Originating from the Lushai Hills in Mizoram India, it flows 270 kilometres  southwest through Chittagong Hill Tracts and Chittagong into the Bay of Bengal.
  • The mouth of the river hosts Chittagong’s sea port, the main port of Bangladesh.

5.NO OBJECTION TO MALABAR EXERCISE – CHINA

  • China guardedly reacted to Malabar exercises between the navies of India, the U.S. and Japan, saying it has “no objection” to normal cooperation and hoped that it was not directed against any third country.
  • “As we have said before, we have no objection to normal bilateral relationship and cooperation among relevant countries,” Chinese Foreign Ministry spokesman GengShuang said.

MALABAR EXERCISE

  • Exercise Malabar is a trilateral naval exercise involving the United States and India as permanent partners.
  • Originally a bilateral exercise between India and the United States, Japan became a permanent partner in 2015.
  •  The annual Malabar series began in 1992 and includes diverse activities, ranging from fighter combat operations from aircraft carriers through Maritime Interdiction Operations Exercises.