Daily Current Affairs Update August-1 and 2, 2017
1.Arvind Panagariya has stepped down as Vice-Chairman of the government think tank NITI Aayog. The Columbia University professor will be returning to the U.S. to rejoin academia.
2.PM announces ₹2,350 cr. package for flood-hit NE.
3.The Odisha State Commission for Protection of Child Rights (OSCPCR) has directed the State government to complete the process of changing the names of schools that bear the symbol of caste within a fixed time frame.
4.The Nuclear Power Corporation of India signed three major contracts with Russia-based ASE Group of companies on relating to two units of the Kudankulam plant.
#Kudankulam Nuclear Power Plant is the single largest nuclear power station in India, situated in Koodankulam in the Tirunelveli district of the southern Indian state of Tamil Nadu.
5.The All India Congress Committee (AICC) today announced Shashi Tharoor as the National Chairman of a new organisation it launched - All India Professionals Congress.
6. John Kelly, a former Marine General who took over as the White House Chief of Staff.The General will have ‘complete authority over all sta and operations’ at White House.
7. Pakistan’s lawmakers on Tuesday elected Shahid Khaqan Abbasi, nominated by the Pakistan Muslim League-Nawaz (PML-N), as Prime Minister.
#Shahabaz Sharif, the former Prime Minister’s younger brother, is expected to succeed Mr. Abbasi in six weeks after his election to the National Assembly.
8.Jordan scraps ‘marry your rapist’ law
Jordanian lawmakers have voted to abolish a law that lets rapists o the hook if they marry their victims,
9. Mukesh Ambani, chairman of Reliance Industries (RIL), has pipped Hong Kong’s Li Ka-Shing to become Asia’s second-richest person, after Jack Ma ,according to the Bloomberg Billionaires Index.
#Jack Ma, promoter of China’s e-commerce firm Alibaba, is Asia’s richest person with $43.7 billion
10.India’s leading digital payments firm Paytm plans to introduce a messaging service by the end of August 2017 to compete with Facebook Inc.’s WhatsApp.
11 .SEBI approves Dhirendra Swarup as BSE chairman.
12. BookMyShow, an online entertainment ticketing platform, has announced the acquisition of Nfusion, a media platform.
13. Dhanraj Pillay received the Bharat Gaurav Award from the Sports Minister of West Bengal Aroop Biswa.
14. Pushpa Mittra Bhargava, a veteran molecular biologist and a vehement critic of genetically modified crops, died in Hyderabad on Tuesday. He was 89.
15.Communication app Truecaller on Tuesday announced that it has integrated with video calling app Google Duo to allow users to make video calls directly through Truecaller on Android and iOS platforms.
16. The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) has reduced short-term lending rate, or repo rate, by 25 basis points to 6%.
Repo rate: It is the rate at which RBI lends to its clients generally against government securities.
Reverse Repo Rate: It is the rate at which banks lend funds to the RBI. It was reduced by 25 bps to 5.75%.
Marginal Standing Facility (MSF) Rate: It is rate at which the scheduled banks can borrow funds overnight from RBI against government securities. It is a very short term borrowing scheme for scheduled banks. It adjusted to 6.25%.
Bank Rate: It is rate charged by the central bank for lending funds to commercial banks. It was set to 6.25%.
Cash Reserve Ratio (CRR): It is the amount of funds that the banks have to keep with the RBI. It was unchanged at 4%. The RBI uses the CRR to drain out excessive money from the system.
Statutory Liquidity Ratio (SLR): It was unchanged 20%. It is amount that banks have to maintain a stipulated proportion of their net demand and time liabilities (NDTL) in the form of liquid assets like cash, gold and unencumbered securities, treasury bills, dated securities etc.
17. World Bank has allowed India to construct Kishanganga, Ratle hydroelectric power facilities on tributaries of the Jhelum and Chenab rivers with certain restrictions under the 1960 Indus Waters Treaty (IWT).
23. Scientists from United States have found that curcumin, the bioactive component of turmeric that is widely used in Indian cuisine can treat cancer in children.
24. Ustad Hussain Sayeeduddin Dagar, one of the foremost exponents and custodian of the venerable Dhrupad tradition of Hindustani classical music passed away in a Pune. He was 78.
25. The 19th round of the Regional Comprehensive Economic Partnership (RCEP) Trade Negotiating Committee (TNC) meetings and other related meetings were held in Hyderabad, Telangana.
26.The Border Security Force (BSF) signed memorandum of understanding (MoU) with the National Skill Development Corporation (NSDC).The MoU will enable NSDC to provide skill training to retired and retiring BSF personnel, as well as to the population residing in the border areas
27. India has been ranked 53rd among 60 countries in the 2017 Digital Evolution Index (DEI). The list is topped by Norway, followed by Sweden, Switzerland, Denmark and Finland. The Fletcher School at Tufts University, in partnership with Mastercard, presented the Digital Evolution Index (DEI) 2017.
28. The Punjab government has recently launched its flagship ‘Apni Gaddi Apna Rozgar’ scheme for jobless youth by flagging off over 100 uberMOTO bikes.
29. Sebastian Vettel, a German racing driver currently driving in Formula One for Scuderia Ferrari, has won the 2017 Formula One Hungarian Grand Prix tournament at the Hungaroring in Mogyorod, Hungary.
30. The researchers at the IIT Kharagpur have developed a low-cost dirt detector that alerts authorities when a place needs cleaning.
31. Sam Shepard (73), the Pulitzer Prize-winning playwright, has passed away in Kentucky, United States on July 27, 2017
32. The International Olympic Committee (IOC) has recently announced that the 2024 Summer Olympics will be hosted by Paris in France,
33. Jeanne Moreau (89), the legendary French film actress, has passed away at Paris in France on July 31, 2017.
34. The Gangotri National Park (GNP) is located in the upper catchment of Bhagirathi river in the Uttarkashi District of Uttrakhand.
35. Marian Diamond, one of the founders of modern neuroscience, passed away in July 2017. She was 90.Diamond is mostly known for her investigations of Albert Einstein’s brain.
36. Sanjaya Baru was on 1 August 2017 appointed as the Secretary General of the Federation of Indian Chambers of Commerce and Industry (FICCI Headquarters: New Delhi,) with effect from 1 September 2017.
37. The US senate on 1 August 2017 confirmed the appointment of Christopher Wray as the Director of Federal Bureau of Investigation (FBI).
38. Switzerland is now home to the world's longest suspension footbridge that was inaugurated on 29 July 2017. The Charles Kuonen Suspension Bridge has broken all the record with its length of 1621 feet and height of 279 feet that makes it the longest in the world.
39. The Union Ministry of Housing and Urban Affairs on 31 July 2017 released the Swachh Survekshan 2018’s anthem ‘Swachhata Ki Jyot Jagi Hai’ that states that the flame of sanitation has been lit.
40. Lt General Abhay Krishna, was appointed as the Chief of the Indian Army's Eastern Command.
41. On July 31, 2107, Constitution 123rd Amendment Bill, 2017 for setting up of a National Commission for Backward Classes was passed by Rajya Sabha after dropping an important clause.
47. World breastfeeding week 2017 is being celebrated from 1st to 7th August 2017 with the theme “Sustaining Breastfeeding Together”.
53. Caeleb Dressel became who is believed to be the first swimmer to win three gold medals in one day at an Olympics or world championships, giving him six golds for the meet in Budapest.
54. RBI slaps Rs 3 crore penalty on Union Bank for KYC non-compliance in two cases.
55. A two-day national seminar was organized at New delhi by the National body for book promotion and publication, National Book Trust, under Human Resource Development Ministry to coincide with the 60 Years programme of the Trust.
2.PM announces ₹2,350 cr. package for flood-hit NE.
3.The Odisha State Commission for Protection of Child Rights (OSCPCR) has directed the State government to complete the process of changing the names of schools that bear the symbol of caste within a fixed time frame.
4.The Nuclear Power Corporation of India signed three major contracts with Russia-based ASE Group of companies on relating to two units of the Kudankulam plant.
#Kudankulam Nuclear Power Plant is the single largest nuclear power station in India, situated in Koodankulam in the Tirunelveli district of the southern Indian state of Tamil Nadu.
5.The All India Congress Committee (AICC) today announced Shashi Tharoor as the National Chairman of a new organisation it launched - All India Professionals Congress.
6. John Kelly, a former Marine General who took over as the White House Chief of Staff.The General will have ‘complete authority over all sta and operations’ at White House.
7. Pakistan’s lawmakers on Tuesday elected Shahid Khaqan Abbasi, nominated by the Pakistan Muslim League-Nawaz (PML-N), as Prime Minister.
#Shahabaz Sharif, the former Prime Minister’s younger brother, is expected to succeed Mr. Abbasi in six weeks after his election to the National Assembly.
8.Jordan scraps ‘marry your rapist’ law
Jordanian lawmakers have voted to abolish a law that lets rapists o the hook if they marry their victims,
9. Mukesh Ambani, chairman of Reliance Industries (RIL), has pipped Hong Kong’s Li Ka-Shing to become Asia’s second-richest person, after Jack Ma ,according to the Bloomberg Billionaires Index.
#Jack Ma, promoter of China’s e-commerce firm Alibaba, is Asia’s richest person with $43.7 billion
10.India’s leading digital payments firm Paytm plans to introduce a messaging service by the end of August 2017 to compete with Facebook Inc.’s WhatsApp.
11 .SEBI approves Dhirendra Swarup as BSE chairman.
12. BookMyShow, an online entertainment ticketing platform, has announced the acquisition of Nfusion, a media platform.
13. Dhanraj Pillay received the Bharat Gaurav Award from the Sports Minister of West Bengal Aroop Biswa.
14. Pushpa Mittra Bhargava, a veteran molecular biologist and a vehement critic of genetically modified crops, died in Hyderabad on Tuesday. He was 89.
15.Communication app Truecaller on Tuesday announced that it has integrated with video calling app Google Duo to allow users to make video calls directly through Truecaller on Android and iOS platforms.
16. The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) has reduced short-term lending rate, or repo rate, by 25 basis points to 6%.
Repo rate: It is the rate at which RBI lends to its clients generally against government securities.
Reverse Repo Rate: It is the rate at which banks lend funds to the RBI. It was reduced by 25 bps to 5.75%.
Marginal Standing Facility (MSF) Rate: It is rate at which the scheduled banks can borrow funds overnight from RBI against government securities. It is a very short term borrowing scheme for scheduled banks. It adjusted to 6.25%.
Bank Rate: It is rate charged by the central bank for lending funds to commercial banks. It was set to 6.25%.
Cash Reserve Ratio (CRR): It is the amount of funds that the banks have to keep with the RBI. It was unchanged at 4%. The RBI uses the CRR to drain out excessive money from the system.
Statutory Liquidity Ratio (SLR): It was unchanged 20%. It is amount that banks have to maintain a stipulated proportion of their net demand and time liabilities (NDTL) in the form of liquid assets like cash, gold and unencumbered securities, treasury bills, dated securities etc.
About Monetary Policy Committee (MPC)
MPC is a committee of the central bank — Reserve Bank of India, headed by its Governor. It was set up by amending the RBI Act to provide for a statutory and institutionalized framework for MPC
17. World Bank has allowed India to construct Kishanganga, Ratle hydroelectric power facilities on tributaries of the Jhelum and Chenab rivers with certain restrictions under the 1960 Indus Waters Treaty (IWT).
About Indus Waters Treaty (IWT)
IWT is a water-distribution treaty between India and Pakistan which was brokered by the World Bank (then the International Bank for Reconstruction and Development). It deals with sharing of water of Indus water system having six rivers — Beas, Ravi, Sutlej, Indus, Chenab and Jhelum between the two countries.It was signed by then Prime Minister Jawaharlal Nehru and President of Pakistan Ayub Khan in Karachi on September 19, 1960
18. According research report from the University of California, US, climate change may have led to over 59,000 farmer suicides over the last 30 years in India
19. According to recently released report-ICT Facts and Figures 2017, India and China are home to 39% of the 830 million young people worldwide who use the Internet.The report was released by International Telecommunication Union (ITU).
20.The Union Ministry of Electronics & Information Technology (MEITY) has constituted an expert Committee to study and identify key data protection issues and recommend methods for addressing them.
#It is a 10 member panel and it is headed by Supreme court Judge (retired) Justice B N Srikrishna.
21. The Union Government has launched e-Rashtriya Kisan Agri Mandi (e-RaKAM) portal to provide a platform for farmers to sell agricultural produce.
22. India and Somalia have signed an agreement for transfer of sentenced prisoners in each other’s country.
#Capital of Somalia is Mogadishu.
President of Somalia is Mohamed Abdullahi Mohamed.
18. According research report from the University of California, US, climate change may have led to over 59,000 farmer suicides over the last 30 years in India
19. According to recently released report-ICT Facts and Figures 2017, India and China are home to 39% of the 830 million young people worldwide who use the Internet.The report was released by International Telecommunication Union (ITU).
20.The Union Ministry of Electronics & Information Technology (MEITY) has constituted an expert Committee to study and identify key data protection issues and recommend methods for addressing them.
#It is a 10 member panel and it is headed by Supreme court Judge (retired) Justice B N Srikrishna.
21. The Union Government has launched e-Rashtriya Kisan Agri Mandi (e-RaKAM) portal to provide a platform for farmers to sell agricultural produce.
22. India and Somalia have signed an agreement for transfer of sentenced prisoners in each other’s country.
#Capital of Somalia is Mogadishu.
President of Somalia is Mohamed Abdullahi Mohamed.
23. Scientists from United States have found that curcumin, the bioactive component of turmeric that is widely used in Indian cuisine can treat cancer in children.
24. Ustad Hussain Sayeeduddin Dagar, one of the foremost exponents and custodian of the venerable Dhrupad tradition of Hindustani classical music passed away in a Pune. He was 78.
25. The 19th round of the Regional Comprehensive Economic Partnership (RCEP) Trade Negotiating Committee (TNC) meetings and other related meetings were held in Hyderabad, Telangana.
26.The Border Security Force (BSF) signed memorandum of understanding (MoU) with the National Skill Development Corporation (NSDC).The MoU will enable NSDC to provide skill training to retired and retiring BSF personnel, as well as to the population residing in the border areas
27. India has been ranked 53rd among 60 countries in the 2017 Digital Evolution Index (DEI). The list is topped by Norway, followed by Sweden, Switzerland, Denmark and Finland. The Fletcher School at Tufts University, in partnership with Mastercard, presented the Digital Evolution Index (DEI) 2017.
28. The Punjab government has recently launched its flagship ‘Apni Gaddi Apna Rozgar’ scheme for jobless youth by flagging off over 100 uberMOTO bikes.
29. Sebastian Vettel, a German racing driver currently driving in Formula One for Scuderia Ferrari, has won the 2017 Formula One Hungarian Grand Prix tournament at the Hungaroring in Mogyorod, Hungary.
30. The researchers at the IIT Kharagpur have developed a low-cost dirt detector that alerts authorities when a place needs cleaning.
31. Sam Shepard (73), the Pulitzer Prize-winning playwright, has passed away in Kentucky, United States on July 27, 2017
32. The International Olympic Committee (IOC) has recently announced that the 2024 Summer Olympics will be hosted by Paris in France,
33. Jeanne Moreau (89), the legendary French film actress, has passed away at Paris in France on July 31, 2017.
34. The Gangotri National Park (GNP) is located in the upper catchment of Bhagirathi river in the Uttarkashi District of Uttrakhand.
35. Marian Diamond, one of the founders of modern neuroscience, passed away in July 2017. She was 90.Diamond is mostly known for her investigations of Albert Einstein’s brain.
36. Sanjaya Baru was on 1 August 2017 appointed as the Secretary General of the Federation of Indian Chambers of Commerce and Industry (FICCI Headquarters: New Delhi,) with effect from 1 September 2017.
37. The US senate on 1 August 2017 confirmed the appointment of Christopher Wray as the Director of Federal Bureau of Investigation (FBI).
38. Switzerland is now home to the world's longest suspension footbridge that was inaugurated on 29 July 2017. The Charles Kuonen Suspension Bridge has broken all the record with its length of 1621 feet and height of 279 feet that makes it the longest in the world.
39. The Union Ministry of Housing and Urban Affairs on 31 July 2017 released the Swachh Survekshan 2018’s anthem ‘Swachhata Ki Jyot Jagi Hai’ that states that the flame of sanitation has been lit.
40. Lt General Abhay Krishna, was appointed as the Chief of the Indian Army's Eastern Command.
41. On July 31, 2107, Constitution 123rd Amendment Bill, 2017 for setting up of a National Commission for Backward Classes was passed by Rajya Sabha after dropping an important clause.
42. China has formally launched its first overseas naval facility in Djibouti, an East African nation.
43. Airtel Payments Bank, India’s first payments bank has announced a strategic partnership with Hindustan Petroleum Corporation Limited (HPCL) on 1st of August 2017.Under which 14,000 HPCL fuel stations will act as banking points for Airtel Payments Bank. It also offer facilities such as opening of account, cash deposit and cash withdrawal to the payment bank’s customers.
44. Tech giant Cisco has named Sameer Garde as President for its India and Saarc operations announced on 31st of July 2017.
45. According to the latest ICC Test Rankings Ravindra Jadeja maintained his top positionin the bowlers’ list while India skipper Virat Kohli remained stayed at fifth place in the batting charts released on 1st of August 2017.
46. Non-Cooperation Movement Day – August 1, 2017
The Non-cooperation movement was launched on 1st August 1920 by the Indian National Congress (INC) under the leadership of Mahatma Gandhi. It signified a new chapter in the history of Indian freedom struggle.47. World breastfeeding week 2017 is being celebrated from 1st to 7th August 2017 with the theme “Sustaining Breastfeeding Together”.
48. Smartphone-maker Samsung, which recently launched its digital wallet app Samsung Pay in India, has tied up with State Bank of India to store higher variants of SBI debit cards on the app.
49. The Delhi Metro Railway Corporation (DMRC) was recently declared as the world’s first green metro.
50. Indian shuttler C Rahul Yadav and men's doubles pair of Manu Attri and B Sumeeth Reddy clinched the men's singles and men's doubles title respectively at Lagos International challenge in Nigeria.
#
- Abuja is the Capital of Nigeria.
- The Currency of Nigeria is Nigerian naira.
51. Flipkart launches ‘made for India’ budget brand Billion.
52. India bagged a rich haul of 24 medals, including 7 gold, at the Jordan Junior and Cadet Open table tennis tournament (ITTF Junior Circuit) here.
53. Caeleb Dressel became who is believed to be the first swimmer to win three gold medals in one day at an Olympics or world championships, giving him six golds for the meet in Budapest.
54. RBI slaps Rs 3 crore penalty on Union Bank for KYC non-compliance in two cases.
55. A two-day national seminar was organized at New delhi by the National body for book promotion and publication, National Book Trust, under Human Resource Development Ministry to coincide with the 60 Years programme of the Trust.
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