Daily GK Update 7th February 2017, Important Current Affairs

1. CBDT signs four unilateral Advance Pricing Agreements  

i. The Central Board of Direct Taxes (CBDT) under the Department of Revenue, Union Ministry of Finance has entered into four more unilateral Advance Pricing Agreements (APAs). These four APAs are related to Manufacturing, Financial and Information Technology sectors.
ii. They cover international transactions such as Contract Manufacturing, Software Development Services and IT Enabled Services.

Daily GK Update 7th February 2017, Important Current Affairs

2. Scientists develop terahertz transmitter capable of sending data 10 times faster than 5G

i. Scientists from Japan have developed terahertz (THz) transmitter technology, a next generation system which can transmit digital data over 10 times faster than 5G mobile networks.
ii. It will pave transmitting digital data at a rate exceeding 100 gigabits per second (gbps) over a single channel using the 300-gigahertz band.

3. Nepal to host 4th BIMSTEC Summit 2017

i. The fourth edition of BIMSTEC Summit-2017 will be held in Nepal. It was announced in the 17th session of BIMSTEC Senior Officials’ Meeting (SOM) held in Kathmandu, capital Nepal.

4.FAO calls for International collaboration on wheat rust

i. The Food and Agricultural Organization (FAO), a United Nations agricultural agency has called for International collaboration on wheat rust to curb threat to global supplies.

5. Arun Jaitley moves Demonetisation Bill for passage in Lok Sabha

i. Finance Minister Arun Jaitley on Tuesday moved the Specified Bank Notes (Cessation of Liabilities) Bill for passage in the Lok Sabha to formally make the banning of old Rs 500 and Rs 1,000 notes a law, which includes provision of penalty for holding the demonetised notes.

6. Alastair Cook quits as England Test captain

i. Alastair Cook has resigned as England Test captain after a record 59 matches in the role, the England and Wales Cricket Board (ECB).
ii. Cook, England's leading scorer in Tests with 11,057 runs, became the captain in August 2012 and led his country to Ashes glory on home soil in 2013 and 2015 as well as series wins in India and South Africa.

7. India hosts meet of Global Initiatives to combat nuclear terrorism

i. Implementation and Assessment Group Meeting of the Global Initiative to Combat Nuclear Terrorism will begin New Delhi from February 8. Around 150 delegates from various partner countries and international organisations will be participating in the three day event.

8. 5.8 magnitude earthquake hits Uttarakhand, tremors also felt in Delhi-NCR

i. A moderate intensity earthquake measuring 5.8 on Richter scale hit Uttarakhand last night (06 February 2017), with tremors also felt in Delhi and other parts of northern India.
ii. Operations head at National Seismological Bureau JL Gautam said, the epicentre of the quake was Rudraprayag district in Uttarakhand.

9. Andhra Pradesh: First Smart Police Station inaugurated

i. In Andhra Pradesh, the first Smart Police Station, having look and feel of a corporate-style office, started functioning.
ii. Chief Minister N. Chandrababu Naidu inaugurated the first model police station at Nagarampalem in the capital region Amaravati.He also inaugurated the second model police station in old Guntur town.

10. Axis Bank ties up with Earthport

i. India’s third largest private bank, Axis Bank has tied up with Earthport Plc, a cross-border payment network, to enable faster outbound cross-border payments for its customers through Earthport’s state-of-the-art global payments network.
ii.  Axis Bank has become the first bank in India to connect with Earthport’s global payments network, which spans over 60 countries.

11. Indian-Origin British Sculptor Anish Kapoor Wins $ 1 Million Israeli Prize

i. Renowned Indian-origin British sculptor Anish Kapoor was honored with the prestigious $1 million 2017 Genesis Prize by Israel for his utmost contribution for Jewish community.
ii. However, the money received by the innovative artist would be contributed by him to help the Syrian refugees and expand Jewish engagement in the global effort to reduce the refugee crisis.
iii. The 62-year-old Anish was chosen by the prize committee headed by Jewish Agency Chairman Natan Sharansky.