Current affairs 12 September 2017

Presenting September 12 2017 current affairs with regular updates of  today events from all over the country, world and various areas. Aim of our current affairs section is to help you to get high marks in competitive exams you are going to attempt.


Union Cabinet approved MOU signed between India and Japan in the Field of Silk Industry

Union Cabinet has approved the MOU signed between India and Japan in the field of research for silkworm and silk Industries. The MOU was signed in November 2016 between Central Silk Board (CSB), India and National Institute of Agrobiological Sciences (NIAS), Japan.

Purpose

The purpose of the agreement was to develop profilic hybrid silkworms so as to improve the quality and to increase manufacturing capacity of Indian sericulture industry. It also aims at enhancing the export of silk and products made from silk.

India in silk production:

India is at the second position in the world after China in terms of industry size and total production of silk globally. During the years 2011-2012, total 23,000 tonnes of silk was produced by India

India majorly produce below four varieties of silk:

  1. Mulberry
  2. Eri
  3. Tasar
  4. Muga

Out of above varieties, mulberry silk is produced Majorly(about 80% of total production). The states producing mulberry silk in India are:

  1. Karnataka
  2. Andhra Pradesh
  3. Tamil Nadu

Overalll raw silk is produced in these five states:

  1. Karnataka,
  2. Andhra Pradesh
  3. Tamil Nadu
  4. West Bengal
  5. Jammu and Kashmir

Cabinet approves hiving off BSNL mobile towers into separate company

Prime Minister Narendra Modi led meeting of Union Cabinet held in New Delhi approves hiving off BSNL mobile towers into separate company and to establish it as a separate tower infrastructure company. The company will be fully owned by BSNL.

The formation of separate subsidiary company will help BSNl to increase its profits and will provide better services.

What is Tower Infrastructure Company?

A Tower Infrastructure Company is a company that have all the assets which are required by a telecom services provider to establish a mobile tower in a specific area. The assets include tower structure, Diesel Generator sets, power interface unit, battery units, air-conditioning etc. The Tower Infrastructure Company provide all this on lease to telecom services provider.

How it benefits to telecom services provider?

Telecom services provider directly contacts to these Tower Infrastructure Companies regarding their requirements of mobile towers and Infrastructure Company does this for the telecom services provider.


Tahir Mahmood honoured N R Madhava Menon Best Law Teacher Award

Tahir Mahmood today was honoured with prestigious N R Madhava Menon best Law Teacher Award on the occasion of law teachers day celebration. Mar Gregorios College of Law situated of Thiruvananthapuram was also given SILF-MILAT Institutional Excellence Award for this year. Law teachers day is celebrated by SILF and MILAT in the month of September every year since 2009.

The function was jointly organized by Society of Indian Law Firms (SILF) and Menon Institute of Legal Advocacy Training (MILAT). Below are the other categories of awards and awardees:

  1. SILF-MILAT South Asian Jurist Award was given to two persons – former Chief Justice of Sri Lanka, Justice Mohan Peiris, and Tribhuvan University of Nepal’s dean of faculty of Law Prof Tara Prasad Sapkota.
  2. Professor V C Vivekanandan was honoured with SILF-MILAT Legal Education Innovation Award.
  3. T K Viswanathan, former Secretary General of the fifteenth Lok Sabha was awarded with Justice A B Rohatgi Jurist Award.

Awards were given away by Lalit Bhasin- president of SILF.


India-Belarus signed 10 agreements

India and Belarus signed 10 agreements to boost the cooperation between the two countries in various departments and areas. Under the agreements various opportunities of joint development and manufacture of military platforms and refreshing momentum will be explored.

The agreements were inked by Prime minister Narendra Modi and President of Belarus Mr. A G Lukashenko after having a friendly conversation between the two. Both personalities agreed on the huge scope available in trade and investment between India and Belarus.

Areas like oil and gas, education and sports will also be benefited by the agreement.


London tops in 2017 Global Financial Centres Index

London has topped the 2017 Global Financial Centres Index (GFCI) among 92 financial centres released by the Z/Yen and China Development Institute. It was ranked at 60th position, up by three positions compared to the previous edition. The index is a ranking of the competitiveness of financial centres based on an aggregate of indices from five key areas: business environment, the financial sector.

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