1. India and Portugal Sign 11 Pacts.
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India and Portugal have signed 11 pacts after in-depth talks between Prime Minister Narendra Modi and his Portuguese counterpart Antonio Costa in areas like counter-terrorism, space and climate studies.
This is the first-ever bilateral visit by an Indian Prime Minister to Portugal. India thanked Portugal for its support for India’s permanent membership of UNSC, and of Multilateral Export Control Regime.
India and Portugal have agreed to set up a joint Science and Technology fund of four million euros. The two countries also signed MoUs for the creation of an India Portugal Space Alliance for advancing collaborative research. This agreement is expected to promote India’s science and technology partnership with Portugal and to set up Atlantic International Research Centre on the Azores Archipelago. This Centre will act as a research, innovation and knowledge hub for tratrans-Atlantic and north-south cooperation. The objective behind the Centre is to provide a shared environment for supporting new climate, earth, space and marine research.
Remainig Agreements
The other agreements cover cooperation in outer space, double taxation avoidance, nano technology, improving cultural ties, youth and sports, higher education and scientific research, and Portugal-India business hub and Indian Chamber of Commerce. They are:
- Protocol amending the Double Taxation Aviodance Agreement
- MoU on Nano Technology
- MoU on Public Administration & Governance Reforms
- MoU on Cultural Cooperation
- MoU on Youth & Sports
- MoU between Portugal India Business Hub & Indian Chamber of Commerce
- MoU on Cooperation in the fields of Higher Education and Scientific Research
- MoU on Biotechnology
- MoU on Collaborative Research
- MoU between Portugal India Business Hub & AICEP
2. International Day Against Drug Abuse and Illicit Trafficking.
The United Nations’ (UN) International Day Against Drug Abuse and Illicit Trafficking falls on June 26 each year to raise awareness of the major problem that illicit drugs represent to society. This day is supported by individuals, communities and various organizations all over the world.
3. World Taekwondo Federation changes name over `negative connotations`.
The World Taekwondo Federation (WTF) has changed its name to World Taekwondo because of the "negative connotations" associated with its initials.
The organisation had used the previous name since it was established in 1973.
However, it felt in the "digital age" the slang of the old abbreviation was "unrelated to our organisation and so it was important that we rebranded to better engage with our fans".
The change was made before the start of the 2017 World Taekwondo Championships.
The event is taking place in Muju, South Korea.
"World Taekwondo is distinctive and simple to understand and reinforces the global nature of our sport," said World Taekwondo president Choue Chung-won.
"Our vision is taekwondo for all and as World Taekwondo we are confident we can build on our success to date and achieve that vision."
4. Key Takeaways from Prime Minister Modi’s US Visit.
Prime Minister Narendra Modi has become the first foreign leader to have a White House dinner after the US President Donald Trump assumed power.
Pakistan:
India and the US have asked Pakistan to make sure that its soil is not used for cross-border terror strikes. Both the countries have asked Pakistan to expeditiously bring the perpetrators of the Mumbai and Pathankot attackers to justice.
Drones:
The US has cleared the sale of Guadian Unmanned Aerial Systems to India. The drones would help India to keep a closer watch over the strategically important Indian Ocean.
Hizbul chief:
The US has designated Hizbul Mujahideen Chief Syed Salahuddin as a global terrorist. The 71-year-old Salahuddin also leads the United Jihad Council, which is an umbrella organisation of militant groups operating in Kashmir.
Trade Barriers:
Donald Trump has asked India to maintain a fair and reciprocal trade relationship and has called for the removal of barriers for the export of US goods into Indian markets.
GST:
Donald Trump has given a thumbs up to India’s GST that will come into effect on July 1.
Naval Exercise:
Donald Trump has said that India and the US would join Japan to conduct the largest maritime war game ever conducted in the Indian Ocean.
Afghanistan :
India and the US have expressed concern over the rising instability in Afghanistan and vowed to strengthen cooperation for establishing peace in the war-torn country.
North Korea:
Trump and Modi have labelled the missile programs of North Korea as a grave threat to global peace.
Areas of Cooperation:
Prime Minister Modi has named trade, commerce and investment as key areas of mutual co-operation. In addition, he also said that India is actively looking at technology, innovation and knowledge economy.
5. EU slaps Google with 2.42 billion euros Fine.
The European Union’s competition watchdog has fined Google a record 2.42 billion euro for breaching the anti-trust rules by illegally favouring its shopping service. The European Commission regulates EU competition rules.
According to the European regulators, Google has abused its market dominance by offering an illegal advantage to its another product, its comparison shopping service. The fine of 2.42 billion euro is the biggest fine for a single company in an EU antitrust case.
It exceeds the 1.06-billion-euros slapped on Intel in 2009. EU’s action has come after a 7 year-long investigation from the complaints received from Google’s rivals such like Yelp, TripAdvisor, UK price comparison site Foundem, News Corp and lobbying group FairSearch.
The EU has asked Google to stop its anti-competitive practice in 90 days or be prepared to face penalty payments up to 5% of Alphabet’s average daily worldwide turnover.
6. World’s First ATM celebrates its 50th Birthday.
The world’s first ATM (automated teller machine) celebrates its 50th anniversary. In the past five decades, ATM machines have heralded a transformation in the way people obtained and used cash.
The ATM machines were the brainchild of Scottish inventor Shepherd-Barron. The first ATM was opened on June 27, 1967, by Barclays Bank in Enfield, north London. English actor Reg Varney became the first person to withdraw cash from the first ATM machine.
At present, there are over 3 million cash machines across the globe. Around 70,000 cash machines are present in the UK alone. The World’s most northerly ATM machine is present at Longyearbyen, Svalbard, Norway.
The most Southerly ATM is situated at the McMurdo station of the South Pole. To commemorate the 50th anniversary, Barclays Bank has transformed the first ATM that it commissioned at its Enfield branch into gold.
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7. India and Netherlands sign 3 Agreements.
India and the Netherlands have signed three MOUs after the meeting between Prime Minister Narendra Modi and his Dutch counterpart Mark Rutte in Hague the Netherlands. Prime Minister’s visit to the Netherlands has come at a time when both the countries are celebrating 70 years of diplomatic relations.
The Netherlands has backed India’s entry into Nuclear Suppliers Group (NSG) and other multilateral export control regimes. The Netherlands also supported India’s bid for a permanent UN Security Council seat. For its part, India has thanked the Netherlands for its role in India’s accession to the Missile Technology Control Regime in June 2016. Also, Prime Minister Modi invited the Netherlands to join the International Solar Alliance. In addition, both the countries have reaffirmed their commitment towards Paris climate deal.
Agreements:
- In total three agreements were signed:
- MOU on Cultural Cooperation
- MOU on Water Cooperation
- Agreement on Amending Social Security Arrangement
8. China has launched its Biggest Naval Destroyer.
China has launched its most powerful naval destroyer, the Type 055, at the Shanghai port. The naval destroyer is one among the largest warships in the world.
The Type055 vessels will weigh more than 12,000 tonnes when fully armed. The Type055 vessels are larger and more powerful than India’s latest Project- 15B “Visakhapatnam” class destroyers. India is yet to commission Project- 15B “Visakhapatnam” class destroyers.
India’s destroyers when fully armed will displace only 8,200 tonnes and are capable of carrying only a mix of nearly 50 surface-to-air, anti-ship and land attack missiles. On the other hand, the Type055 vessels will combine nearly 120 missiles, making it one of the most heavily-armed ships in the world.
Chinese vessels are fitted with powerful phased array radars that are capable of focusing on targets at sea, on land and in the air. The vessel is more modern and has more sophisticated control and battle management system. Chinese vessels are fitted with powerful phased array radars that are capable of focusing on targets at sea, on land and in the air. The vessel is more modern and has more sophisticated control and battle management system than India’s vessels under construction. In the last five years, China has launched several naval vessels.
From March 2014, China has commissioned five Type 52D destroyers which have similar capability to that of India’s Visakhapatnam’ class warships. In addition, China has planned to build a fleet of at least 18 such naval ships. India, on the other hand, has planned to build only seven ships belonging to the Vishakhapatnam class.
Earlier this year, China had also launched its first indigenous aircraft carrier whose construction began only in 2013. India’s indigenous aircraft carrier, the Vikrant whose construction is carried out since 2009 is unlikely to be completed before 2023.
Growing Chinese naval prowess is a cause of worry to India. In the last five years, China has increasingly begun to deploy its nuclear submarines, warships and other support vessels in the Indian Ocean. India’s important maritime ally, the United States has also expressed its deep concerns about the expansion of the Chinese Navy, particularly in the Indian Ocean.
9. Petya Ransomware is part of a new wave of cyber-attacks and has infected computer servers across the world.
India :
In India, the ransomware has crippled the operations at one of the terminals of the Jawaharlal Nehru Port Trust. The affected terminal was being operated by AP Moller-Maersk. The company operates the Gateway Terminals India (GTI) which has a capacity to handle 1.8 million standard container units. The attack has impacted the external trade by affecting the systems dealing with the cargo and ships at the country’s largest port.
World :
The Petya ransomware has hit computer servers all across Europe. Ukraine and Russia are the worst affected countries. The ransomware has also impacted some companies in the US and other Western European countries. In the severely affected Ukraine, government offices, energy companies, banks, cash machines, gas stations, and supermarkets, Ukrainian Railways, Ukrtelecom, and the Chernobyl power plant has been worst affected.
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