Daily GK Update - 2nd July 2015 Important Current Affairs

1. Union Government opens compliance window for black money disclosure
i. Union Government has notified the compliance window for black money disclosure under the Black Money (Undisclosed Foreign Income and Asset) and Imposition of Tax Act, 2015.
ii. The notified compliance window makes it mandatory for people to disclose their foreign income and assets till 30th September 2015. Those who make the disclosure during this notified period will have further 3 months’ time i.e. till 31st December 2015 to pay the taxes and the penalty on their foreign income and assets.

2. Robot kills contractor at Volkswagen plant in Germany
i. A robot has killed a contractor at one of Volkswagen’s production plants in Germany.
ii. The man died at the plant in Baunatal, about 100 kilometers north of Frankfurt, VW spokesman Heiko Hillwig said.
iii. The 22-year-old was part of a team that was setting up the stationary robot when it grabbed and crushed him against a metal plate, Hillwig said.

3. Union Cabinet gives nod for setting up of Online National Agriculture Market
i. Union Cabinet has approved setting up of an Online National Agriculture Market that will provide more options to farmers for selling their produce.
ii. Decision in this regard was taken at a Union Cabinet meeting presided by Prime Minister Narendra Modi in New Delhi.
iii. For online national agriculture market, an online platform will be set up. On this platform farmers will be able to sell and buy vegetables, fruits and other produce from across the country.

4. Cuba becomes first nation to eliminate mother-to-child HIV and syphilis: WHO

i. Cuba has become the first country in the world to eliminate mother-to-child transmission of HIV and syphilis. It was announced by the World Health Organisation (WHO).
ii. Cuba was able to achieve this milestone with the help and efforts of WHO and the Pan American Health Organisation (PAHO).
iii. Since 2010, WHO/PAHO are working with partners in Cuba and other American countries to implement a regional initiative to eliminate mother-to-child transmission of HIV and syphilis.
iv.  As part of the initiative, Cuba had intensively worked to ensure early access to prenatal care, HIV and syphilis testing for pregnant women and their partner as well as their babies. Services under this initiative were provided as part of an equitable, accessible and universal health system. It included services like maternal and child health programs and integrated programs for HIV and sexually transmitted infections.

5. World Bank approves $650 million loan for Eastern Dedicated Freight Corridor

i. World Bank has approved an additional loan of 650 million dollars for India’s Eastern Dedicated Freight Corridor (DFC) Project.
ii. It was approved in third round of World Bank funding and follows earlier two other loans by the bank for this project.
iii. To build 401 km Ludhiana-Khurja section that falls in three North Western states of Uttar Pradesh, Haryana and Punjab.
iv. To develop and enhance the institutional capacity of the Dedicated Freight Corridor Corporation of India Ltd (DFCCIL) and to build and maintain the DFC infrastructure network.

6. Greece becomes first developed nation to default IMF debt
i. Greece has become the first developed nation to default on International Monetary Fund (IMF) debt. It has defaulted on a 1.7 billion dollars payment to IMF.
ii. The deadline for debt payment was missed by Greece after Eurozone Finance Ministers refused to extend its bailout. They had refused the bailout after Greece rejected the proposal given International Monetary Fund (IMF), European Central Bank (ECB) and the European Commission (EC). Apart from this, ECB also has frozen its liquidity lifeline to Greek banks.
iii. It should be noted that Greece is now formally in arrears and there are fears that this could put Greece at risk of shifting back to its old currency Drachma by leaving the Euro. This may increase in the cost of imports of Greece leading to increase inflation further worsening its economic crisis.

7. Union Cabinet gives nod to Pradhan Mantri Krishi Sinchayee Yojana (PMKSY)

i. Union Cabinet meeting chaired by Narendra Modi approved Pradhan Mantri Krishi Sinchayee Yojana (PMKSY) or PM’s Agriculture Irrigation Scheme.
ii. PMKSY is central scheme that aims at providing irrigation facilities to every village in the country by converging ongoing irrigation schemes implemented by various ministries.
iii. It will focus on ‘end-to-end solution’ in irrigation supply chain by implementing new programme in a “project mode” with decentralised state-level planning and execution.

8. Prof. Sanjeev Galande selected for G D Birla Award for Scientific Research 2014

i. Prof. Sanjeev Galande has been selected for the prestigious G D Birla award for Scientific Research 2014.
ii. He has been selected for his significant contribution and his pioneering research in the field of Epigenetics and Molecular Cell Biology. Presently, he is a professor at the Indian Institute of Science Education and Research (IISER), Pune and also leading a team of scientists in studying various aspects of gene Galande had obtained doctorate in biochemistry from Indian Institute of Science (IISc), Bangalore in 1996.
iii. He is also a postdoctoral fellow at the Lawrence Berkeley National Laboratory in the US. He is pioneer for establishing the Centre of Excellence in Epigenetics at IISER. He is also a recipient of Shantiswaroop Bhatnagar award.

9. KPP Nambiar Passes Away
i.Industrialist and technocrat K P P Nambiar (86) passed away at his residence on Tuesday after a prolonged illness. He is survived by wife Umadevi Nambiar, a son and a daughter.
ii. He was undergoing treatment at Mallya Hospital here for the last few days, but was discharged on June 28, his son Kiran said.
iii. Nambiar, who carved a niche for himself in Indian electronics industry, was the founding chairman of Kerala State Electronics Development Corporation Ltd, a public sector company. He had also served as chairman and managing director of Bengaluru-based telecom behemoth Indian Telephone Industries from 1986-88.
iv. He was appointed secretary to the Department of Electronics, Government of India. He retired from government service in 1989.The Kerala government appointed him honorary special adviser in 1989 and during this time, he drew up the blueprint for the Techno Park in Thiruvananthapuram. The Park came into existence on March 31, 1991. Nambiar was honoured with the Padma Bhushan in 2006. He was also the president of the World Malayalee Council.

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