Current Affairs Questions & Answers: February 24, 2017

Notes:
The 9th edition of BRICS Summit will be held in Xiamen city, China from September 3 to 5, 2017. The theme of this year’s event is ‘BRICS: Stronger Partnership for a Brighter Future’.

Notes:
John-John Dohmen of Belgium has won the 2016 FIH Male Player of the Year award by the International Hockey Federation (FIH) at the gala FIH Hockey Stars Awards Ceremony in Chandigarh, India on February 23, 2017. Beside this, Naomi van As of Netherland has been named as 2016 FIH Female Player of the Year award.

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Hassan Ali Khayre, a former aid worker and oil executive, has been appointed the new Prime Minister of Federal Republic of Somalia. He succeeded Omar Abdirashid Ali Sharmarke. Prior to this appointment, Khayre had never held public office, although over the course of his career he has worked with a range of high-level executives and government officials in various capacities.

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Kerala is set to become the first Indian state to have a public registry of sex offenders. This has been stated by the Kerala Governor Justice (retd) P Sathasivam in the budget session. The public registry will contain all identification details of sex offenders and would be kept in the public domain. Apart from this, the governor listed a slew of other measures to tackle crime against women in the state. These include setting up a separate department to exclusively look at women’s issues, setting up a relief fund for victims of sex crimes, increasing the representation of women in police force by up to 15% and ensuring each panchayat has a lady police officer.

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The Government of India (GoI) has recently signed an agreement with Japan on enhancing railway safety in the Indian Railways with focus on railway track and rolling stock safety. The areas of cooperation include rail inspection, rail wielding and providing automatic railway track safety inspection, maintenance of rolling stock and any other
relevant railway safety matters jointly determined by both sides with the aim to prevent major rail accidents.

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Kenneth J. Arrow (95), the Nobel-winning economist and mathematician, has recently passed away at Palo Alto in California, United States. To date, he is the youngest person ever to have received Nobel Prize for Economics, at the age of 51. His theories on risk, innovation and the basic mathematics of markets have influenced thinking on everything from voting to health insurance to high finance. His most significant works are his contributions to social choice theory, Arrow’s impossibility theorem and general equilibrium analysis. He has also provided foundational work in many other areas of economics, including endogenous growth theory and the economics of information.

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The First Sherpas Meeting of the 9th BRICS Summit was held in Nanjing, the capital of east China’s Jiangsu Province, from February 23-24, 2017. The Sherpas Meeting discussed the priority areas for BRICS cooperation for this year, especially in the areas of political affairs, economy and culture, under the theme “BRICS: Stronger Partnership for a Brighter Future.” The meeting attracted more than 100 participants, including coordinators from all sides, foreign diplomats, and representatives from the BRICS New Development Bank (NDB).

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The Andhra Pradesh government has signed MoU with Visa to transform Vishakhapatnam into India’s first ‘less cash’ city. As per MoU, this initiative is designed to provide the foundation for the city to emerge as India’s ‘Fintech Valley’. For this, Visa will focus on driving payments digitisation, and work with the city to help build the talent pool required in city organisations and in academia on emerging technologies like blockchain. Visa will also provide support to FinTech start-ups by providing access to Visa’s APIs, providing subject matter expertise, and participating in boot camps and hackathons. The state government has also signed a MoU with Thomson Reuters for cooperation in Fintech initiatives in the state.

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India and Asian Development Bank (ADB) have signed $375 million pact for loans and grants to develop 800—km Visakhapatnam—Chennai Industrial Corridor, which is the first phase of a planned 2,500-km East Coast Economic Corridor. Apart from this, The Asian Development Bank has approved loans comprising a $ 500 million multitranche facility to build key infrastructure in the four main centers along the corridor — Visakhapatnam, Kakinada, Amaravati, and Yerpedu—Srikalahasti in Andhra Pradesh.

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Pooja Ghatkar from India, the former Asian champion, has won the bronze in the women’s 10 metre air rifle event in the 2017 International Shooting Sport Federation (ISSF) World Cup at the Karni Singh Shooting Range in New Delhi. Ghatkar shot 228.8 score in the final to finish third.