Daily Current Affairs Updates – 1st August 2017

Important Current Affairs Daily Updates 1st August 2017 – Specially for Upcoming Exams 2017:

Dear Readers, Daily Current affairs News Updates about the National and International events were listed here. Candidates those who are preparing for IBPS/SBI/PO/Clerk exam and all other competitive exams can use this.

 

STATE

“Jiyo Parsi Publicity Phase-2” has been launched by Mukhtar Abbas Naqvi in Mumbai

Union Minister of state for Minority Affairs and Parliamentary Affairs Shri Mukhtar Abbas Naqvi launched “JIYO PARSI PUBLICITY PHASE – 2” function in Mumbai.
In the year of 2013 “Jiyo Parsi Publicity Phase-1” was initiated to increase the small minority population of  parsi community. The main objective of the “Jiyo Parsi” scheme is to reverse the declining trend of Parsi population by adopting a scientific protocol and structured interventions, stabilize their population and increase the population of Parsis in India. The scheme implemented two components: 1.Medical Assistance and 2.Advocacy/Counselling. Due to this effort, it became success with the birth of 101 babies.

Useful Info

Union Minister of state for Minority Affairs and Parliamentary Affairs – Mukhtar Abbas Naqvi

Constituency – Rajya Sabha, Uttar Pradesh

‘Rajaswa Gyansangam’ scheduled to be held at Vigyan Bhawan in New Delhi

‘Rajaswa Gyansangam’ is going to be held on 1st and 2nd September, 2017 at Vigyan Bhawan in New Delhi. The Prime Minister, Shri Narendra Modi will inaugurate this two day Conclave on the 1st day of September, 2017. The main reason of this inauguration will be on GST as well as on unearthing black money. The Tax Officers of the State Governments will also be invited for discussion for the first time on the GST related issues during the 1st day of the two day Conclave.

9.5 lakh children to be given Measles-Rubella vaccine in Andhra Pradesh

The Medical and Health Authorities of Krishna district have kept ready 10.5 lakh doses of Measles-Rubella vaccine in what is being seen as the biggest vaccine-by injection campaign in the history of the country. As many as 9.5 lakh children will be administered the MR vaccine in 8,166 sessions.

Useful Info

State – Andhra Pradesh

Capital – Amaravati

CM – Chandrababu Naidu

Governor – Ekkadu Srinivasan Lakshmi Narasimhan

NATIONAL

CBDT entered into nine Unilateral Advance Pricing Agreements (UAPAs) with Indian taxpayers in the month of July 2017

The Central Board of Direct Taxes (CBDT) entered into nine Unilateral Advance Pricing Agreements (UAPAs) with Indian taxpayers in the month of July 2017. The APA Scheme endeavors to provide certainty to taxpayers in the domain of transfer pricing by specifying the methods of pricing and determining the Arm’s Length Price of international transactions in advance for a maximum period of five future years. CBDT has signed its first APA with a taxpayer engaged in supplying rigs used in Oil & Gas exploration. The international transactions covered in these nine APAs include provision of software development services, engineering design services, distribution, contract manufacturing, etc.

Useful Info

CBDT – Central Board of Direct Taxes

UAPA – Unilateral Advance Pricing Agreements

Chairman of CBDT – Sushil Chandra

Central Government launched the ‘Swachh Survekshan-2018’ to rank all the 4,041 cities and towns of the country

Central Government launched the third cleanliness survey ‘Swachh Survekshan-2018’ to rank all the 4,041 cities and towns of the country based on infrastructure development for improved sanitation services and their sustainability, outcomes, citizen connect and visible impact on ground. Under the survey, launched by Minister of Housing and Urban Affairs, 500 cities with more than 1 lakh population and state and UT capitals will have all-India ranking. Also, 3,541 cities with less than 1 lakh population will have state and zonal rankings.

Useful Info

Union Minister of Housing and Urban affairs – Narendra Singh Tomar

Constituency – Gwalior (Madhya Pradesh)

Executive Committee of National Mission for Clean Ganga has approved 7 projects worth Rs 425 crore

The Executive Committee of National Mission for Clean Ganga in its 4th meeting has approved seven projects worth Rs 425 crore in the sector of sewage infrastructure, Ghat development and research. In sewage sector it includes three projects each in Uttar Pradesh and Bihar have been approved. For Uttar Pradesh, interception, diversion and STP projects for Unnao, Shuklaganj and Ramnagar have been approved. These three projects are aimed at creation of sewage treatment capacity of 29 MLD (Unnao- 13 MLD, Shuklaganj- six MLD and Ramnagar- ten MLD) with a total cost of Rs 238.64 crore. In Bihar, three projects at Sultanganj, Naugachia and Mokama with total estimated cost of Rs 175 crore have been approved.

Useful Info

Union Minister for water resources and ganga rejuvenation – Uma Bharati

Constituency – Jhansi (Uttar Pradesh)

INTERNATIONAL

Newly opened Charles Kuonen Suspension Bridge in Switzerland is the world’s longest pedestrian suspension bridge

Spanning an awesome 1621 feet and rising as high as 279 feet, the newly opened Charles Kuonen Suspension Bridge in Switzerland has broken the record for the world’s longest pedestrian suspension bridge, according to Zermatt Tourism. The bridge, which has replaced an older bridge that was damaged by falling rocks, was named after its chief sponsor, a psychologist and co-owner of a Swiss winery. The span is impossibly narrow, at just 25.6 inches wide. Hikers can now cross the Europaweg (Europe Bridge) which connects Grächen and Zermatt and measures nearly 500m.

Useful Info

Country – Switzerland

Capital – Bern

Currency – Swiss franc

Typhoon Haitang strikes China, two lakh people evacuated

Typhoon Haitang struck China’s eastern Fujian Province with continual rain blows on different parts of the region. Over 2 lakh people have been evacuated from Typhoon. According to the provincial meteorological observatory wind hit with a maximum speed of 18 meters per second, the tropical cyclone followed Typhoon Nesat which landed in the same city at 6 am on 30th of July 2017. As per Xinhua news agency Typhoon Haitang the 10th typhoon this year made landfall at 4.40 pm in Pingtung on the island of Taiwan.

BANKING & ECONOMY

RBI has imposed a penalty of Rs. 3 crore on state-owned Union Bank of India for KYC “non-compliance”

The RBI has imposed a penalty of Rs. 3 crore on state-owned Union Bank of India for “non-compliance” with the directions on Know Your Customer (KYC) norms. This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.

Useful Info

Union Bank of India HQ – Mumbai

MD & CEO  – Rajkiran Rai G

Tagline – Good people to bank with

India’s GDP growth is to be higher at 6.6% in the June quarter: Nomura

India’s GDP growth is to be higher at 6.6% in the June quarter from the previous three months this year. According to Nomura it is expected average GDP growth in Q2 (April-June) to be modestly higher at 6.6% from 6.1% in Q1 (January-March).In the second half (H2) of 2017, growth recovery is expected to accelerate to 7.4%. The pick-up growth numbers in the second half is likely to be led by a recommencement of production after GST, ongoing remonetisation, normal monsoons, stronger rural consumption and easier financial conditions (lower lending rates, liquidity).

Useful Info

Nomura Holdings, Inc. is a Japanese financial holding company, and a principal member of the Nomura Group.

Nomura HQ – Minato, Tokyo, Japan

CEO – Koji Nagai

SBI cuts saving account rate by 0.5% on balance up to Rs 1 crore

State Bank of India has cut interest on savings account deposits by 50 basis points to 3.5 per cent on balance up to Rs 1 crore. The bank decides to continue 4 per cent interest on savings account balance of Rs 1 crore and above. Revision of saving bank rate will enable the bank to maintain marginal cost of fund based lending rate (MCLR) at existing rates.

Useful Info

SBI – State Bank of India

HQ – Mumbai

Chairperson – Arundhati Bhattacharya

Chaudhary Birender Singh said that first time India has become a net export country in Steel

Minister for Steel Chaudhary Birender Singh said that first time India has become a net export country in Steel. It has been announced on 31st of July 2017.
The steel imports in the country have gone down by 39% and exports have gone up by 102% last year. Crude steel production has registered 3.5% during April-June 2017-18.

Useful Info

Union Minister for Steel – Chaudhary Birender Singh

Constituency – Haryana, Rajya Sabha

AWARDS & HONORS

Trump Awarded First Medal of Honor to Vietnam Army Medic

An Army medic from Michigan who risked his life multiple times to rescue Vietnam War comrades is the first person to receive the Medal of Honor from President Donald Trump in Washington. Trump presented America’s highest military honor to James McCloughan at a White House ceremony.

Useful Info

Country – Vietnam

Capital – Hanoi

Currency – Dong

AGREEMENT

Amazon Prime Video has signed deal with Bollywood star Salman Khan

Amazon Prime Video has signed deal with Bollywood star Salman Khan to premiere his all future films first exclusively on Amazon Prime Video right after the theatrical release. Nitesh Kripalani, Director and Country Head, Amazon Video India and James Farrell, Head of Content, Prime Video, Asia Pacific, also participated in signing deal. It will start with his film “Tubelight”, which released in June. All future movies from Salman Khan Ventures released after “Tubelight” will premiere exclusively on Amazon Prime Video first after their release in theatres and two months before television broadcast or any other distribution.

Useful Info

Amazon HQ – Seattle, Washington, United States

SCIENCE & TECHNOLOGY

Scientists from the IISER have developed a hydrophobic sorbent that can suck up oil and congeal it

Scientists from the Indian Institute of Science, Education and Research (IISER) in Thiruvananthapuram have developed a hydrophobic sorbent that can suck up oil and congeal it. A two-member research team led by Prof. Kana M. Sureshan from the School of Chemistry at IISER developed the hydrophobic sorbent by using a cheap raw material (mannitol) and cellulose pulp as a matrix. Mannitol was converted into a hydrophobic gelator through a one-step process and a solution was made using this compound.

 

Useful Info

IISER – Indian Institute of Science, Education and Research

Scientists have developed a super strong, flexible bio-glue for wound healing without causing toxicity

Scientists have developed a super strong, flexible bio-glue for wound healing without causing toxicity. It has been developed by the erudite researchers from the Wyss Institute for Biologically Inspired Engineering and the Harvard John A. Paulson School of Engineering and Applied Sciences (SEAS). The “tough adhesive” is biocompatible and binds to tissues with strength comparable to the body’s own resilient cartilage.

 

SPORT

Sebastian Vettel wins Hungarian Grand Prix Formula 1 title

Sebastian Vettel of Ferrari took the chequered flag at the Hungaroring to claim his fourth victory of the season. In a nail-biting finish, Vettel had his team-mate Kimi Raikkonen behind complaining that he could go faster but being used by the team as a buffer against Hamilton. Valtteri Bottas from Mercedes was on third place.

Useful Info

Sebastian Vettel – German Formula 1 Driver

He Drives for Ferrari

Country – Hungary

Capital – Budapest

Currency – Hungarian Forint

Paris to host 2024 summer Olympics, Los Angeles to host 2028 summer Olympics

Los Angeles reached an agreement with the leaders of the International Olympic Committee on plans to host the 2028 Summer Games. Los Angeles formally announced its bid for the 2028 Summer Olympics after agreeing on a deal that paves the way for Paris to host in 2024. The Los Angeles Olympic and Paralympic bid committee in cooperation with the International Olympic Committee (IOC), announced it recently. The LA bid committee stated that Los Angeles will host the Olympic Games and Paralympic Games 2028.

Useful Info

International Olympic Committee HQ – Lausanne, Switzerland

President – Thomas Bach

Indian shuttler the men’s singles and men’s doubles title at Lagos International challenge in Nigeria

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. Rahul surpassed another Indian player Karan Rajan Rajarajan in the final clash to the title at the MoladeOkoya-Thomas Hall of the Teslim Balogun Stadium. In the doubles pair, Manu and Sumeeth, who played at the Rio Olympics, defeated local pair of Godwin Olofua and Anouluwapo Ju won Opeyori.

Useful Info

Men’s Single – C Rahul Yadav

Men’s doubles – Manu Attri and B Sumeeth Reddy

Country – Nigeria

Capital – Abuja

Currency – Naira

India has bagged total 24 medals at the Jordan Junior and Cadet Open table tennis tournament

India has bagged total 24 medals at the Jordan Junior and Cadet Open table tennis tournament.The event held in Amman the capital of Jordan. The tally includes 7 Gold, 7 Silver and 10 Bronze medals. In the event India was the second best finishers.

Useful Info

Country – Jordan

Capital – Amman

Currency – Jordanian dinar

OBITUARY

Dhrupad maestro Ustad Sayeeduddin Dagar dies

Ustad Hussain Sayeeduddin Dagar, maestro and custodian of the venerable Dhrupad tradition of Hindustani classical music and a member of the eminent Dagar family, passed away in Pune late on Sunday night after a brief illness. He was 78.

 

 

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