Daily Current Affairs Updates – 2nd August 2017

Important Current Affairs Daily Updates 2nd 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.

 

IMPORTANT DAYS

World breastfeeding week – August 1-7, 2017

World breastfeeding week 2017 is celebrated from 1st to 7th August 2017 with the theme “Sustaining Breastfeeding Together”. It was first celebrated in 1992 by World Alliance for Breastfeeding World Breastfeeding Week Action (WABA) and is now observed in over 120 countries by United Nations Children’s Fund (UNICEF), World Health Organization (WHO) and their partners including individuals, organizations, and governments.

Useful Info

WABA – World Alliance for Breastfeeding Action

UNICEF Headquarters – New York

WHO Headquarters – Geneva, Switzerland

STATE

Measles, mumps and rubella vaccination campaign launched in Kangra district of Himachal Pradesh

A campaign to protect children from major childhood diseases like measles, mumps and rubella has been started in Kangra district of Himachal Pradesh. The campaign has been initiated by Dharamshala Municipal Corporation Mayor Rajni Vyas. Under the Measles, Mumps, Rubella (MMR) vaccination programme, all children between the age of nine months to 15 years shall be vaccinated.

Useful Info

State – Himachal Pradesh

Capital – Shimla

CM – Virbhadra Singh

Governor – Acharya Dev Vrat

RCEP trade negotiating Committee meeting held in Hyderabad

19th round of the Regional Comprehensive Economic Partnership (RCEP) Trade Negotiating Committee (TNC) meetings and other related meetings were held in Hyderabad. The Meeting was inaugurated by Rita Teaotia, Secretary, Department of Commerce, Government of India.

Useful Info

Union Minister for Commerce (Independent Charge) – Nirmala Sitharaman

Constituency – Karnataka, Rajya Sabha

NATIONAL

NITI Aayog Vice-Chairman Arvind Panagariya resigns from his position

Arvind Panagariya, the first vice-chairman of Niti Aayog who was considered to be Prime Minister Narendra Modi’s personal pick for economic reforms, announced his resignation.

Useful Info

NITI Aayog – National Institution for Transforming India

Chairman – Narendra Modi

CEO – Amitabh Kant

Mukesh Ambani Becomes Asia’s Second-Richest Person, according to the Bloomberg Billionaires Index

Mukesh Ambani has elbowed past Li Ka-shing to become Asia’s second-richest man as investors rallied behind his efforts to arm India’s poor with cheap data-loaded phones. The chairman of Reliance Industries Ltd (RIL) has added $12.1 billion to his wealth in 2017, according to the Bloomberg Billionaires Index.

Useful Info

Bloomberg Headquarters – New York

Asia’s Richest Person – Jack Ma (Alibaba owner)

Supreme Court of India imposed a ban on the use of five harmful metals in fire crackers

The Supreme Court of India imposed a ban on the use of five harmful metals viz lithium, mercury, arsenic, antimony, and lead in firecrackers. The bench was headed by Justice Madan B Lokur. The Supreme Court maintained that it is the responsibility of the Petroleum and Explosives Safety Organisation (PESO) to ensure compliance of ban particularly in Sivakasi in Tamil Nadu where there are a large number of firecracker manufacturers. The court asked CPCB (Central Pollution Control Board) and PESO to make collaborative efforts for setting up standards with regards to air pollution caused by the bursting of fire crackers.

Useful Info

PESO – Petroleum and Explosives Safety Organisation

HQ of PESO – Nagpur

CPCB – Central Pollution Control Board

PM Modi announces Rs.2,350 crore relief package for floods in North East region

The Prime Minister, Narendra Modi has announced a package of Rs 2350 crore for relief, rehabilitation and building flood mitigation infrastructure in the flood-affected North-Eastern states including Assam. The PM announced to set up a high-powered committee to find a long-term solution to the flood and erosion problem in the North east region.

BANKING & ECONOMY

Airtel Payment Bank joined hand with Hindustan Petroleum Corporation Limited (HPCL) for ATM services

Airtel Payments Bank, India’s first payments bank has announced a strategic partnership with Hindustan Petroleum Corporation Limited (HPCL) to give further boost to digital payments in the country and to add to customer convenience. All 14,000 HPCL fuel stations will act as banking points for Airtel Payments Bank. All Airtel Payments Bank customers would be able to access a range of convenient banking services at these fuel stations like opening new accounts, make cash deposits and withdrawals facility, and transfer money.

Useful Info

First Airtel Payment Bank was opened in Rajasthan.

MD & CEO of Airtel Payment Bank – Shashi Arora

HPCL – Hindustan Petroleum Corporation Limited

HPCL Headquarters – Mumbai

Chairman of HPCL – M.K. Surana

RBI cuts policy rate by 25 basis points to 6%

On the basis of an assessment of the current and evolving macroeconomic situation at its meeting, the Monetary Policy Committee (MPC), headed by Urijit Patel, decided to reduce the Policy Repo Rate under the liquidity adjustment facility (LAF) by 25 basis points from 6.25 per cent to 6.0 per cent with immediate effect. Consequently, the reverse repo rate under the LAF stands adjusted to 5.75 per cent, and the marginal standing facility (MSF) rate and the Bank Rate to 6.25 per cent.

Useful Info

Third Bi-monthly Monetary Policy Statement, 2017-18

New Rates as per the RBI Guidance

Repo Rate – 6.00%

Reverse Repo Rate – 5.75%

Marginal Standing Facility Rate – 6.25%

Bank Rate – 6.25%

Monetary Policy committee of India

Governor of the Reserve Bank of India – Chairperson, ex officio – Urjit Patel

Deputy Governor of the Bank, in charge of Monetary Policy—Member, ex officio – Viral A Acharya

One officer of the Reserve Bank of India to be nominated by the Central Board – Member, ex officio; – Michael Debabrata Patra

Shri Chetan Ghate, Professor, Indian Statistical Institute (ISI) – Member;

Professor Pami Dua, Director, Delhi School of Economics – Member;

Dr. Ravindra H. Dholakia, Professor, Indian Institute of Management, Ahmedabad – Member

APPOINTMENT

Sameer Garde named Cisco president for India, Saarc region

Tech giant Cisco has named Sameer Garde as President for its India and Saarc operations. He succeeds Dinesh Malkani.

Useful Info

Cisco HQ – San Jose, California, United States

New Cisco President for India, Saarc region – Sameer Garde

Preceded by – Dinesh Malkani

Lt.Gen. Abhay Krishna new Eastern Command chief

Lt General Abhay Krishna has appointed as the Chief of the Indian Army’s Eastern Command. Abhay Krishna succeeds Lt Gen Praveen Bakshi who has retired from service.

Useful Info

Chief of Army Staff – Bipin Rawat

DEFENCE

China opened its first overseas military base with a flag raising ceremony in Djibouti

China formally opened its first overseas military base with a flag raising ceremony in Djibouti in the Horn of Africa, the same day as the People’s Liberation Army marks its 90th birthday. Djibouti’s position on the northwestern edge of the Indian Ocean has fueled worry in India that it would become another of China’s “string of pearls” military alliances and assets ringing India, including Bangladesh, Myanmar, and Sri Lanka.

Useful Info

Country – Djibouti

Capital – Djibouti city

Currency – Djiboutian Franc

 

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