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Daily Current Affairs Digest – July 12th
Union Cabinet approves JIN pact between India and Bangladesh
|The Union Cabinet has given its approval for the Joint Interpretative Notes (JIN) on the Agreement between India and Bangladesh for the Promotion and Protection of Investments.|
JIN plays an important supplementary role in strengthening the investment treaty regime. Looking at increasing trend in Bilateral Investment Treaty (BIT) disputes, issuance of such statements is likely to have strong persuasive value for resolving disputes before arbitration tribunals.
The approval JIN by the Union Cabinet will impart clarity to the interpretation of the existing agreements between India and Bangladesh for the Promotion and Protection of Investments (BIPA).
NASA’s Juno spacecraft completes flyby over Jupiter’s Great Red Spot
|NASA’s unmanned spacecraft Juno has successfully peered into the Jupiter’s giant storm known as the Great Red Spot. It became first space probe to complete flyby of Jupiter’s Great Red Spot.|
The Great Red Spot on Jupiter is a massive storm (cyclone) measuring about 16,000 km in diameter. It is largest known storm in the solar system. It has been monitored since 1830 and has possibly existed for more than 350 years.
NASA had launched unmanned spacecraft Juno on August 5, 2011 from Cape Canaveral, Florida as part of its New Frontiers program. It has been orbiting Jupiter, solar system’s largest planet from July 2016.
GT bans nylon, synthetic manja
|The National Green Tribunal (NGT) has imposed nationwide blanket ban on the use of kite strings (manja), made of nylon or any synthetic material on the grounds that it poses a threat to animals and humans.|
The judgement of Tribunal came on a plea filed by animal rights body People for Ethical Treatment of Animals (PETA) and others.
The NGT was established in 2010 under the National Green Tribunal Act, 2010 for effective and expeditious disposal of cases relating to environmental protection and conservation of forests and other natural resources.
5 States, 1 UT ink MoU with Centre on Government e-Marketplace
|5 States and a Union Territory (UT) have formally adopted the Centre’s Government e-Marketplace (GeM) initiative. They are Andhra Pradesh, Assam, Gujarat, Telangana, Arunachal Pradesh and Puducherry (UT).|
Four more states including Uttar Pradesh, Tamil Nadu, Jharkhand and Haryana, will ink such MoU soon.
GeM is an Online Market platform to facilitate procurement of goods and services by various Ministries and agencies of the Government. It aims to enhance transparency, efficiency and speed in public procurement of goods and services and eliminate corruption.
India to become largest milk producer in 2026: OECD-FAO report
|According to recently released OECD-FAO Agricultural Outlook 2017-2026, India will be the world’s largest milk producer by 2026 and will account for the biggest increase in wheat production globally.|
FAO is Rome based specialised agency of the United Nations that leads international efforts to defeat hunger across the world.
OECD (The Organisation for Economic Co-operation and Development) is Paris based an intergovernmental economic organisation with 35 member countries, founded in 1960 to stimulate economic progress and world trade.
The above daily current affairs digest has been compiled by Sagrika Mehta
Daily Current Affairs Digest for 2017
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