Daily Current Affairs

Prelims Prominence - July 28th 2017

National Issues

Indian Institutes of Management Bill, 2017

The Bill declares the IIMs as institutions of national importance. The bill seeks to empower these institutions to attain standards of global excellence in management, management research and allied areas of knowledge. It also promises to grant administrative, academic and financial autonomy to these B-Schools and allow them to grant degrees.

IIMs to grant degrees to their students. It also grants them complete autonomy, combined with adequate accountability. It establishes coordination Forum of IIMs as an advisory body. It empowers board of an IIM to drive the management of the institution. It will select Chairperson and Director of IIM. The board will have greater participation of experts and alumni. It will also include women and members from Scheduled Castes/Tribes.It adds provisions for periodic review of the performance of IIM by independent agencies and their results will be placed in public domain. Besides, it also has provision to place the Annual Report of the IIMs in the Parliament and CAG (Comptroller and auditor general of India) auditing their accounts.IIMs are the country's premier institutions imparting best quality education in management and are recognized as world-class management Institutions and Centres of Excellence. India has 20 IIMs now. All IIMs are separate autonomous bodies registered under the Societies Act. Earlier they were not authorized to award degrees. These awards were treated as equivalent to MBAs and Ph.D, respectively, but their equivalence was not universally acceptable, especially for the Fellow Programme.

Question For Mains :
Q. Evaluate the present status of Higher Education system in India.Give some reforms measures that are needed today.

Important Date

World Hepatitis Day

July 28 around the world is celebrated by World Health Organisation (WHO) to spread awareness about viral hepatitis. The theme of the Day is - "Eliminate Hepatitis".

Hepatitis is a viral infection which causes inflammation in the liver. It is a group of infectious diseases known as Hepatitis A, B, C, D, and E. According to WHO, Hepatitis affects hundreds of millions of people worldwide, causing acute and chronic disease and killing close to 1.4 million people every year. The day is being observed since 2010. It is one of the 8 official global public health campaigns marked by the WHO. It was established by resolution of WHO passed in in May 2010. The date 28 July was chosen to mark the birth anniversary of Professor Baruch Blumberg who had discovered hepatitis B virus. He was awarded with the Nobel Prize in Physiology or Medicine (1976) for this discovery.

Science & Tech

Edited Genes of human beings

Oregon Health and Science University, US's scientists for first time have successfully edited genes of human embryos to correct defective DNA that causes inherited diseases. Using the CRISPR-Cas9 genome editing technology to alter human DNA in single-cell embryos, which allows specific sections of DNA to be altered or replaced.

In this experiment, scientists had used sperm donated from men who carried inherited disease mutations to demonstrate that the genes can be corrected. The one-celled embryos were created in the experiment, were never intended to be implanted into a womb and were only allowed to develop for a few days. They had used a process called germline engineering in which genetically modified organisms pass changes to their offspring to eradicate inherited disease. It allowed so-called permanent germline changes to pass down to any offspring. The research holds great potential to avoid many genetic diseases, but has raised fears of "designer babies". It is also considered as a milestone in journey for giving birth to the first genetically modified humans.

International Relations


BRICS- Brazil, Russia, India, China and South Africa have signed BRICS Taxation Cooperation Memorandum to establish a mechanism for taxation cooperation. The First document that elevates taxation cooperation to the institutional level.

The BRICS boasts of home to 42% of the world's population. Their total share in the global economy has risen from 12% to 23% in the past decade, while contributing more than half of global growth. The meeting of tax authorities comes ahead of the 2017 BRICS Summit to be held in Xiamen, Fujian province of China in September 2017. In this meeting, tax authorities from member countries also agreed to cooperate on taxation information exchange, boost taxation capacities, improve consultation procedures efficiency and plan paths for coordination of taxation policies and tax collection.

Along with this :
BRICS countries-Brazil, Russia, India, China, South Africa have agreed to work together to ensure stable employment and better quality of life for their people. Decision in this regard was taken at the 2017 Labour and Employment Ministers' meeting held in Chongqing, China. The meeting comes ahead of 2017 BRICS Summit to be held in Xiamen, China in September 2017.

BRICS is the acronym for an association of five major emerging national economies: Brazil, Russia, India, China and South Africa. The BRICS members are all developing or newly industrialised countries and all five are G-20 members. They are distinguished by their large, fast-growing economies and significant influence on regional and global affairs. It was established in 2009. The BRIC idea was first conceived by Jim O'Neill of Goldman Sachs. In 2011, South Africa joined this informal group and BRIC became BRICS. So far, eight BRICS summits have taken place. The first formal summit was held in Yekaterinburg, Russia in 2009.

Personalities in News

Ajay Singh

Ajay Singh has won bronze medal in the 2017 Asian Youth and Junior Weightlifting Championships held at Kathmandu, Nepal. Got third place in 77 kgs men's junior category by lifting 143 kgs in snatch and 172 kgs in clean and jerk. His win takes India's medal tally to three in the championship. Earlier, S. Nirpupama Devi had won bronze in 69 kgs women youth category. Konsam Ormila Devi from Manipur had won gold medal in 44kg weight category.