Current Affairs 2nd August 2017 - Banking, SSC, UPSC Affairs

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Prime Minister Narendra Modi announced a package of Rs2,350 crores for all North-East states for mitigating the impact of floods on short- and long-term basis. On addition, he arranged a Rs100 crore corpus for setting up a research project to study the Brahmaputra and its role in creating a devastating flood. The seven sisters states of India are Arunachal Pradesh, Assam, Meghalaya, Manipur, Mizoram, Nagaland, and Tripura in northeastern India.

The all-new Jeep Compass SUV has been finally launched in India with prices starting at a very competitive Rs. 14.95 lakh for the entry-level Sports petrol and goes up to Rs. 20.65 lakh (ex-showroom) for the range-topping diesel. It will be offered in a total of three variants namely Sport, Longitude, and Limited. It will be available in both petrol and diesel engine options.The company has already secured bookings of over 5000 units and 38000 inquiries for Compass. The Jeep Compass will be retailed out of 50 sales outlets including FCA and Jeep Destination store across 47 cities.

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 the International Telecommunication Union (ITU), the United Nations specialized agency for Information and Communication Technologies. ITU is the UN specialized agency for information and communication technologies (ICTs). It has 193 countries as its members and also 800 private-sectors.

The Union Ministry of Electronics & Information Technology (MEITY) formed constituted an expert Committee to study and identify key data protection issues and recommend methods for addressing them. The ten-member committee will be headed by Supreme Court Judge (retired) Justice B N Srikrishna and comprise of members from government, academia, and Industry. It is seen that protection of data and keeping personal data of citizens secure and protected is expected to provide a good support to Digital economy of the country.

World breastfeeding week is being celebrated from 1st to 7th August every year. The theme for the year 2017 is  “Sustaining Breastfeeding Together”. It was first celebrated in 1992 by World Alliance for Breastfeeding  World Breastfeeding WeekAction (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.

The Union Parliament passed the Right of Children to Free and Compulsory Education (Amendment) Bill, 2017 with Rajya Sabha approving it Lok Sabha  The Bill amends the Right of Children to Free and Compulsory Education Act (RTE), 2009 by extending the deadline for teachers to acquire the prescribed minimum qualifications for appointment.

General Abhay Krishna appointed as the Chief of the Indian Army’s Eastern Command recently. He succeeds Lt Gen Praveen Bakshi who has retired from service. He is a gallantry award winner in counter insurgency operations in Manipur and commanded Rashtriya Rifles Battalion in the Kashmir Valley.

Airtel Payments Bank, India’s first payments bank has announced a strategic partnership with Hindustan Petroleum Corporation Limited (HPCL). There are around 14,000 HPCL fuel stations will act as banking points for Airtel Payments Bank. It also offers facilities such as the opening of the account, cash deposit and cash withdrawal to the payment bank’s customers. These cashless payments can be made by smart phones (MyAirtel App).

The Union Government launched e-Rashtriya Kisan Agri Mandi (e-RaKAM) portal to provide a platform for farmers to sell agricultural produce. It is a digital initiative that aims to bring together the farmers, PSUs, civil supplies and buyers on a single platform to ease the selling and buying process of agricultural products. It has been developed by state-run-auctioneer MSTC Limited and CRWC (Central Railside Warehouse Company) Limited. Under this initiative, e-RaKAM centers are being developed throughout the country in a phased manner to facilitate farmers for the online sale of their produce.

China formally launched its first overseas naval facility in Djibouti, an East African nation. Five Chinese formations and Djibouti’s Three Services HonorGuard took part in the launch ceremony on 1 of August 2017. The event marked the 90th anniversary of the Chinese military Services. Djibouti is a tiny East African nation of around 887,000 people, is between Ethiopia, Eritrea, and Somalia.

India and Somalia signed an agreement for the transfer of sentenced prisoners in each other’s country. The agreement was signed in New Delhi during the ongoing visit of the Somalia’s Foreign Minister to India. The agreement gives a new front for collaboration in anti-piracy operation in Eastern Africa as the incidents of piracy originating from Somalia affected Indian interests in the Indian Ocean region near the Horn of Africa. Diplomatic contacts between India and Somalia participated in the 2015 India-Africa Forum Summit in New Delhi.

Mukesh Ambani is Asia’s second-richest man second-richest man and the chairman of Reliance Industries Limited (RIL) added $12.1 billion to his wealth in 2017. Jio Network took just nine months after launching with a free introductory offer to rope in 117.3 million users and become India’s fourth-largest operator, according to Government data. Reliance Industries Limited (RIL) was established in 1966 in Maharashtra.

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    Topics covered in the 2nd August 2017 Current Affairs are
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  • National News (ie. Indian Affairs),
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  • Bills & Acts Passed by Government,
  • Defence News,
  • About important Persons, Places,
  • Banking & Economical News,
  • Awards & Honours,
  • Sports News,
  • Revolutionary Updates on Arts & Culture,
  • Obituary,
  • Summits & Conference,
  • Important Committee,
  • Schemes,
  • Appointments,
  • Important Days & its Theme for Current as well as upcoming Year,
  • 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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