Current Affairs: August 17

Rajras Current Affairs August 17

NEWS: Food causes WPI inflation to rise to 23-month high

  • WPI inflation rose to 23 month high of 3.6%
  • WPI- Wholesale Price Index
  • Importance: Captures increase in price of products at wholesale level.
  • Who releases WPI: Office of the Economic Adviser in the Department of Industrial Policy and Promotion, Ministry of Commerce & Industry is responsible for compiling WPI and releasing it.
  • The new WPI series with 2004- 05 as the base year has 676 items in the commodity basket.
  • The 676 items in WPI are included in three categories, where each of the categories has different weight.
    • Primary Articles – 20.12%
    • Fuel and Power – 14.91%
    • Manufactured Products – 64.97%

      WPI Categories & Weights
      WPI Categories & Weights

NEWS: Sedition case filed against Amnesty International

  • Acting on complaint by Akhil Bharatiya Vidyarthi Parishad (ABVP), police charged Amnesty International India under Section 124A of the Indian Penal Code (Sedition).Amnesty Logo
  • Why: Amnesty organized a program that sought to project the human suffering of the Kashmir conflict.
  • What is Amnesty International?
    • Non-governmental organization focused on human rights
    • Amnesty works to draw attention to human rights abuses and campaigns for compliance with international laws and standards.

NEWS: First National Conference of Investigating Agencies was held in New Delhi

  • The Bureau of Police Research and Development (BPR&D) and National Investigation Agency (NIA) organized the conference.
  • The purpose of this conference was to provide an annual national platform to all the officers of law enforcement agencies.
  • The agenda of conference included:
    • Discussion on latest laws and judgements and their implications for investigation and prosecution.
    • Deliberation on new legislation and criminal law amendments for meeting new challenges in investigation.
    • Adoption of latest technology in forensic sciences
    • Sharing of best practices that should be followed by different investigation agencies

NEWS: India climbs 15 points in GII

  • GII: Global Innovation Index
  • Cornell University, INSEAD, and the World Intellectual Property Organization, in partnership with other organizations and institutions, publishes GII.
  • GII 2016 Theme: “Winning with Global Innovation”.
  • India climbed 15 spots, from 81 last year, to 66.
  • Switzerland, Sweden, UK, U.S., Finland and Singapore lead the 2016 rankings.

    Source: https://www.globalinnovationindex.org/about-gii#framework
    Source: https://www.globalinnovationindex.org/about-gii#framework

NEWS: China launches QUESS satellite

  • China launched world’s first quantum satellite named Quantum Experiments at Space Scaler (QUESS)
  • China’s launch center (Shriharikota): Jiuquan Satellite Launch Centre in the northwestern province of Gansu.
  • Satellite has been nicknamed Micius, after a 5th century BC Chinese philosopher and scientist who is credited as the first one in human history conducting optical experiments.
  • It is designed to establish hack-proof quantum communications by transmitting un-crackable keys from space to the ground.
  • Quantum Stuff: Satellite will communicate using the principle of ‘quantum entanglement’, an act of fusing two or more particles into complementary ‘quantum states’.

Other NEWS:

  • Researchers have warned that Banana could well be wiped out globally in just 5 to 10 years by fast-advancing fungal diseases called the Sigatoka complex.
  • Bihar becomes second state to ratify GST Amendment Bill, 2014. Earlier, Assam became the first state to ratify the bill.
  • Prominent Punjabi writer, novelist and short story writer and Jnanpith awardee Gurdial Singh passed away at Bathinda, Punjab yesterday.
  • Union Bank of India (UBI) in August 2016 launched an Unstructured Supplementary Service Data (USSD) based mobile app named- *99# Mobile Application.