Daily GK Digest – Feb 8 – Top Current Affairs

Daily GK Digest

Daily GK Digest – February 8th, 2017 for top current affairs of today. 

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Daily GK Digest

Here is the daily GK Digest for February 8th, 2017.

Daily GK Digest : Top Five Current Affairs for Today

Advocate General of WB Resigns

  • Advocate General of West Bengal resigned his post, citing “differences of opinion” with the state government that had appointed him.
  • “There were differences of opinion and I decided to resign so the government could work as per its policies,” Advocate General Jayanta Mitra said.
  • Mr Mitra is the third Advocate General to have resigned in the six years since the Trinamool government came to power in 2011.
  • He had been appointed in December 2014 after Advocate General Bimal Chatterjee retired for reasons of health after holding the post for 22 months.

US changes laws to transfer defence technology to India

  • Recognising India’s status as a ‘Major Defence Partner’, the US has made necessary changes in its export control laws that would benefit India by facilitating smoother transfer of technologies and arms to it.
  • The new rule that makes necessary changes in the export control laws “creates a presumption of approval” for Indian companies seeking to import Commerce Department-controlled military items, except Weapons of Mass Destruction-related goods.
  • The new rule also amends the law so that companies will not need a license at all after becoming a Validated End User (VEU).
  • Over 810 licenses representing some USD 5 billion in trade in the last half decade have been granted for goods covered under this new rule. Most of these licenses being focused on aerospace systems and ground vehicles.

4th BIMSTEC Summit will be held towards the end of 2017

  • Nepal Foreign Secretary Shankar Das Bairagi said, the 4th BIMSTEC Summit will be held towards the end of 2017 in the Himalayan country.
  • Addressing the media after 17th session of BIMSTEC senior official’s meeting at Kathmandu on Tuesday, that summit will take place in October-November but the dates will be finalised after consultation with member states.
  • As part of preparation of the summit Foreign Ministers meeting will be held at Kathmandu in June 2017.
  • The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) is an international organisation involving a group of countries in South Asia and South East Asia such as Bangladesh, India, Myanmar, Sri Lanka, Thailand, Bhutan and Nepal.

SC issues contempt notice against HC Judge Karnan

  • A seven-judge Bench of the seniormost judges of the Supreme Court today in an unprecedented move, issued contempt of court notice against sitting Calcutta HC judge C.S. Karnan.
  • Justice Karnan issued the notice for impeding Justice administration and bringinger discredit to the judicial institution of the country by writing scurrilous letters about sitting and retired judges.
  • The Bench led by Chief Justice of India J.S. Khehar ordered Justice Karnan to appear in person before the Bench on February 13 to show cause to the Supreme Court why a contempt notice should not be issued to him.
  • Attorney-General Mukul Rohatgi submitted before the Bench that the time has come for the highest judiciary to take cognisance of Justice Karnan’s alleged misconduct and protect th judiciary.

RBI keeps key rates intact

  • Central bank released its 6th bi-monthly monetary policy of financial year 2016-17 today.
  • The Reserve Bank of India has kept its key policy rate or the repo rate unchanged at 6.25 percent for the second time in a row.
  • All other rates reverse repo rate, the marginal standing facility rate and the bank rate were kept unchanged.
  • All six members of the Monetary Policy Committee (MPC) voted in favour of holding rates. The RBI also changed its stance from accommodative to neutral.