Current Affairs 1st August 2017 - Banking, SSC, UPSC Affairs

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Arvind Panagariya, the first vice-chairman of NITI Aayog was considered to be Prime Minister Narendra Modi’s personal pick for economic reforms announced his resignation. The 62-year-old Panagariya is an Indian-American economist and Professor of Economics at Columbia University.  It is known for his market-friendly views and is a close associate of well-known trade economist Jagdish Bhagwati. 

Tech giant Cisco named former Philips Healthcare executive, Sameer Garde as President for its India and South Asian Association for Regional Cooperation (SAARC) operations. He succeeded Dinesh Malkani. He will remain associated with Cisco as the strategic advisor till the end of September 2017.

The Delhi Metro Railway Corporation (DMRC) was recently declared as the world’s first green metro after it added a green certification for all its major buildings and installations. They got the platinum rating for its 10 residential colonies for adherence to green building norms by the Indian Green Building Council (IGBC). DMRC became the first railway project in the world to be registered by the United Nations under the Clean Development Mechanism (CDM).

Union Government launched ‘Swachh Survekshan-2018’ to rank all the 4,041 cities and towns in the country based on infrastructure development for improved sanitation services and their sustainability, outcomes, citizen connects and visible impact on the 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. In the 73 cities with a population of million plus each and all state, capitals were ranked in which Mysuru, Chandigarh, and Tiruchirapalli emerged as the cleanest cities in that order. In the 2017 Survey, 434 cities with a population of one lakh plus each and state capitals were assessed in which Indore, Bhopal, and Visakhapatnam were the cleanest cities.

Los Angeles reached an agreement with the leaders of the International Olympic Committee on plans to host the 2028 Summer Games. It announced its bid for the 2028 Summer Olympics after agreeing on a deal that paves the way for Paris to host in 2024. The first modern Olympic Games were held in Athens, Greece in 1896.

The Central Board of Direct Taxes (CBDT) entered into 9 Unilateral Advance Pricing Agreements (UAPAs) with Indian taxpayers. The taxpayer has the option to rollback the APA for four preceding years, it makes a total of nine years of tax certainty is provided. The international transactions covered in these nine APAs include the provision of software development services provision of IT enabled services, provision of engineering design services, distribution, contract manufacturing.

India won total 24 medals at the Jordan Junior and Cadet Open table tennis tournament. It includes 7 Gold, 7 Silver and 10 Bronze medals in the event, India was the second best finishers. Payas Jain won silver in the tournament recently.

The Supreme Court imposed a ban on the use of five harmful heavy metals like lithium, antimony, mercury, arsenic and lead in the manufacturing of firecrackers as they cause air pollution. The apex court held that it is the responsibility of the Petroleum and Explosives Safety Organisation (PESO) to ensure compliance with ban order particularly in Sivakasi in Tamil Nadu where there are a large number of firecracker manufacturers. PESO is the apex department to control and administer manufacture, storage, transport and handling of explosives, petroleum, compressed gases and other hazardous substances in India. 

The new bilateral Agreement on Trade Commerce and Transit between India and Bhutan came into force recently. It aims to further strengthen the bilateral trade relations between both countries. The bilateral trade relations between India and Bhutan are governed by the Agreement on Trade, Commerce, and Transit. The agreement provides for a free trade regime between the territories of India and Bhutan.  The agreement provides for a free trade regime between the territories of India and Bhutan.

President Donald Trump awarded his first Medal of Honor to James McCloughan, an Army medic who served in Vietnam. He rescues Vietnam War is the first person to receive the Medal of Honor from President Donald Trump in Washington. Donald John Trump is the 45th and current President of the United States.

Indian shuttler C Rahul Yadav and Men’s doubles pair of Manu Attri and B Sumeeth Reddy won the Men’s singles and Men’s doubles title at Lagos International challenge. It was held in Nigeria. Rahul recently won the bronze medal in the Russain Open Grand Prix.

The world’s longest pedestrian suspension bridge the Europabrücke or Europaweg (Europe Bridge) a ribbon-thin span nearly a third of a mile long at in Randa, Switzerland. It measures 1,620 feet long and rises as high as 278 feet above the Grabengufer ravine. It replaces an older bridge which was closed in 2010 after it was damaged by falling rocks.

The 19th round of the Regional Comprehensive Economic Partnership (RCEP) Trade Negotiating Committee (TNC) meetings and other related meetings were held from 17 to 28 July 2017 in Hyderabad, India. The parallel meetings were also held by the three main Working Groups on Trade in goods, services, and investment. Working Groups in other areas like electronic commerce, Intellectual Property, Legal and Institutional Issues etc. also had held their meetings. RCEP is a proposed comprehensive regional economic integration agreement (mega Free Trade Agreement) amongst the 10-ASEAN countries (Brunei, Indonesia, Cambodia, Laos, Myanmar, Malaysia, Philippines, Thailand, Singapore and Vietnam) and its six Free Trade Agreements (FTAs) partners namely Australia, New Zealand, India, China, Japan, and Korea.

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  • Books & Its Authors,
  • Agreements & MoUs,
  • Budget, Taxes,
  • Various Important Lists & Indexes,
  • Visits by World Presidents, Prime Ministers,
  • Political affairs and all Current News.

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