Daily Current Affairs (English) - 07.08.2018

National

LOGO AND TAGLINE FOR GEOGRAPHICAL INDICATIONS LAUNCHED

Commerce and Industry Minister Suresh Prabhu today launched a logo and tagline for Geographical Indications (GI) to increase awareness about intellectual property rights (IPRs) in the country.A Geographical Indication (GI) product is primarily an agricultural, natural or a manufactured product (handicraft and industrial goods) originating from a definite geographical territory.Typically, such a name conveys an assurance of quality and distinctiveness, which is essentially attributable to the place of its origin.

Darjeeling Tea, Tirupathi Laddu, Kangra Paintings, Nagpur Orange and Kashmir Pashmina are among the registered GIs in India. Prabhu said the initiative would help promote awareness and importance of GI products.The ministry has launched a contest for designing a logo and tagline for GIs.He said the ministry is working on ways to promote these products.It is engaging with e-commerce players for their online sale.


LOK SABHA PASSES NATIONAL SPORTS UNIVERSITY BILL

Lok Sabha has passed National Sports University Bill, 2018 by voice vote to set up the country’s first National Sports University in Imphal (west), Manipur that will provide sports education, research and coaching. The Bill replaces National Sports University Ordinance, 2018 promulgated by President in May 2018 to protect interests of students who already have been enrolled in National Sports University.

National Sports University Bill, 2017: The Bill establishes National Sports University in Manipur. It is mandated to promote sports education in areas of sports sciences, sports technology, sports management, and sports coaching. It will function as national training centre for select sports disciplines. The Bill empowers University to grant degrees, diplomas and certificates. It also allows Government to establish campuses and study centres in other parts of the country.

Objectives of University: Research, development and dissemination of knowledge in physical education and sports sciences. Strengthening physical education and sports training programmes. Generating knowledge capabilities, skills and competence at various levels. Training talented athletes to help them to evolve into international level athletes.

Provision of the Bill:  The National Sports University will be headquartered in Manipur. It may establish outlying campuses within or outside India, colleges, or regional centres. The University will undertake research on physical education, strengthen sports training programmes, and collaborate internationally in the field of physical education, among others.The Schedule to the Bill contains statutes. These statutes specify the establishment, composition, and powers of various authorities such as the Chancellor, Vice Chancellor, and Dean of Schools. Any such action will require the approval of the central government.

The central government will review and inspect the functioning of the University. The Executive Council may take action based on the findings of the inspection. If no action is taken within a reasonable time period, the central government may issue binding directions to the Council. In addition, the central government may annul any proceeding of the University which do not conform with the Bill. The University will maintain a Fund which will contain contributions by the central government, state governments, or the University Grants Commission; loans, gifts, and donations; income from fees, and amounts received from any other source. Any student or candidate whose name has been removed from the rolls of the University and who has been barred from appearing for examinations may appeal to the Executive Council for review of the decision. Any dispute arising out the disciplinary action taken by the University against a student may be referred to a Tribunal of Arbitration (at the request of the student).  Disputes arising out of the contract between an employee and the University may also be referred to a Tribunal of Arbitration.
 

Trade & Economy

 

NABARD SANCTIONS RS. 772 CRORE FOR WATER PROJECTS IN HARYANA

NABARD (National Agriculture and Rural Development Bank) has released Rs. 722 crores for eight water projects in the rural areas of Haryana. Minister of State Government, Banwari Lal informed about this. The Minister told the reporters that the work progress on these projects Is on. Which will supply water to 256 villages and 72 slums. The State Government has sent three more project proposals worth Rs 236.85 crore for financial assistance for the financial assistance. Minister Banwari Lal said that the second proposal was aimed at providing water supply in 109 villages and habitations in the state.The state government was getting financial assistance from the National Capital Region Planning Board to modernize the sewerage system in urban areas.

Sports

PV SINDHU WINS SILVER AT WORLD BADMINTON CHAMPIONSHIPS 2018

PV Sindhu’s hopes of winning her first World Championships gold medal faced a familiar roadblock, which goes by the name of Carolina Marin. The Spaniard absolutely dominated over her opponent in the second game, to win her third World Championships gold. Sindhu started off strongly, leading by 14-11 in the first game at one stage. But a lapse in concentration saw her losing five points on the trot, and eventually giving away five points in the trot. From there on, the match completely shifted momentum, as Marin just pounced on every opportunity to push for a win. Sindhu lost 21-19, 21-10 in the final and had to settle for a silver medal for the second straight time in World Championships.

Sports

RAJAN NANDA

Escorts Group chairman Rajan Nanda passed away at the age of 76 on 5 August. Escorts Group is an Indian engineering company that operates in the sectors of agri-machinery, construction and material handling equipment, and railway equipment.