THE EXAMS MADE SIMPLE: 03rd July 2017 The Hindu and PIB Daily Current Affairs

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03rd July 2017 The Hindu and PIB Daily Current Affairs

1)Aerosols ‘shrinking’ India’s monsoon:- Researchers have propounded that Aerosols from vehicular exhaust, half-burnt crop residue, dust and chemical effluents may be weakening the life-giving rainy season even more than GHGs.

An Indian Institute of Tropical Meteorology, Pune, team has come to this conclusion.

2)National Multi Commodity Exchange (NMCE), India’s first demutualised online national multi-commodities exchange will merge with Indian Commodity Exchange (ICEX).
The merged entity will create India’s third biggest commodity exchange.

The largest commodity exchange by volume is the Multi Commodity Exchange (MCX) followed by National Commodity and Derivatives Exchange (NCDEX).


What is Commodity Trading := Commodity trading is an exchange where various commodities and derivatives products are traded. Most commodity markets trade in agricultural products and other raw materials and contracts based on them. These contracts can include spot prices, futures, forwards and options on futures.

At present, India has six national commodity exchanges namely,

  • Multi Commodity Exchange (MCX), 
  • National Commodity and Derivatives Exchange (NCDEX), 
  • National Multi-Commodity Exchange (NMCE) and 
  • Indian Commodity Exchange (ICEX), 
  • ACE Derivatives exchange (ACE) and 
  • Universal commodity exchange (UCX)  



Government had established regulatory body is Forward Markets Commission (FMC) in 1953.
It was merged with the Securities and Exchange Board of India (SEBI) in September 2015.

3)India successfully test-fired its indigenously developed quick reaction surface-to-air short range missile (QR-SAM).
Developed by the Defence Research and Development Organisation (DRDO)
It is an all-weather weapon system capable of tracking and firing. 

4)Scientists From Germany have developed the worlds sharpest laser with record-breaking precision that can help make optical atomic clocks more precise as well as test Einsteins theory of relativity.

5)The Assam government is going to raise a new Special Rhino Protection Force (SRPF) for better protection of the one-horned rhinos in Assam.

Some Facts About One Horned Rhinos:-

  • The greater one-horned rhinoceros is the largest of the Asian Rhinos.
  • They are found in Kaziranga, Orang, Pobitara, Jaldapara (in Assam), Dudhwa (UP) National Park. Kaziranga National Park hosts two-thirds of the world’s Great One-horned rhinoceros (68% of worldwide population). It has been listed as Vulnerable on the IUCN Red List of Threatened Species.
  • There is currently Indian Rhino Vision 2020 going on!!


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