Current Affairs 31st August 2017 - Banking, SSC, UPSC Affairs

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Eminent Konkani writer Mahabaleshwar Sail (74) was bestowed with prestigious Saraswati Samman 2016. He was awarded for his novel “Hawthan" portraits about cultural lives of traditional pottery community in Goa. The award comprises of plaque and a cash purse of Rs.15 lakh by Union minister for commerce and industry Nirmala Sitharaman an event held in New Delhi.

Unicity International, headquartered in Orem, Utah, United States launched world's first ever Genomeceutical (gene controlling) range of products to India. DNA contains the biological code that defines every single protein in the body. It undergoes a process called transcription or gene expression that creates a "messenger" molecule, telling the body to make a specific protein.

Shri Rajiv Gauba, IAS (Jharkhand cadre-1982 batch) took over as Secretary to the Government of India in the Ministry of Home Affairs. Mr. Gauba joined the Ministry of Home Affairs as Officer on Special Duty on June 27, 2017. He took charge as the Union Home Secretary upon the superannuation of Shri Rajiv Mehrishi.

Dr. R.K. Raghavan appointed as the next High Commissioner of India to the Republic of Cyprus announced. He served as a former Central Bureau of Investigation (CBI) Director from January 4, 1999, to April 30, 2001. He served as the director of Tamil Nadu Fire Service and as the director-general of the Tamil Nadu State Vigilance Directorate.

Ujjivan Small Finance Bank (SFB) is a wholly-owned subsidiary of Ujjivan Financial Services Limited included in the second scheduled to the RBI Act 1934 on 30th Aug 2017. This grants the ‘Scheduled Bank’ status to Ujjivan Small Finance Bank’ from the date of notification. Currently, Ujjivan SFB has 65 full-fledged brick and mortar branches in eight states and two Union Territories.

The Union Cabinet approved the Memorandum of Understanding (MoU) between India and Myanmar for the conservation of earthquake-damaged pagodas at Bagan. The MoU will be signed during the official state visit of Prime Minister Narendra Modi to Myanmar during 6-7 September 2017. Pagodas are the Buddhist temple typically in the form of a many-tiered tower built in traditions originating as stupa in historic South Asia.

The Indian Space Research Organisation (ISRO) is all set to launch PSLV-C39 carrying Indian Regional Navigation Satellite System (IRNSS-1H). The satellite will lift off from the second launch pad of the Satish Dhawan Space Centre at Sriharikota, on board the rocket PSLV C39. NavIC system is equivalent to the GPS service having a footprint over the whole of India and about 1500 kilometers from its borders on all sides.

The India and the European Union agreed to strengthen cooperation between their security and intelligence agencies to protect from the threat of terrorism and check terror financing. During the 10th India-European Union Counter Terrorism Dialogue in New Delhi, the two sides deliberated extensively on combating terror financing and challenges posed by radicalization. The European Union is a unique economic and political union between 28 European countries.

Solar energy services company Freyr Energy tied up with Axis Bank to offer term loans ranging from Rs 5 lakh to Rs 50 lakh for tenures up to five years, for solar rooftop installations in Telangana and Andhra Pradesh. The loans will be given to MSMEs and self-employed individuals to install Freyr rooftop solar plants for industrial and commercial purposes. Around Past three years, Freyr installed over 800 solar systems across 14 States in India and Ghana.

The Fourth Session of the India-Tanzania Joint Trade Committee (JTC) meeting was held in New Delhi. The Indian delegation was led by Minister of State for Commerce and Industry Ms. Nirmala Sitharaman and Tanzanian delegation was led by the Minister of Industry, Trade, and Investment Mr. Charles John Mwijage. With an investment of US $ 2.2 billion, Tanzania is among the top 5 investment destinations for India.

Prime Minister Narendra Modi along with Union minister for road transport and highways Nitin Gadkari inaugurated highway and road projects worth Rs15,000 crore for the state in Udaipur, Rajasthan. He has also inaugurated Chambal bridge in Kota.  He opened around 12 national highway projects worth Rs5,610 crore and laid foundation stones for 11 projects worth Rs9,490 crore.

The National Institution for Transforming India (NITI) Aayog in partnership with MyGov and the United Nations announced the winners of the Women Transforming India Awards, 2017. Honourable Minister for Textiles and Information and Broadcasting, Smriti Irani awarded top 12 winners honoring their courage and role in transforming societies. The top  6 contestants are Laxmi Agarwal- a champion of violence against women. Safeena Husain- working for girls’ education in India’s most backward districts. Kamal Kumbhar- enabling women like herself to realize their dreams of a brighter tomorrow. Subasini Mistry- working for two decades to build a hospital for the needy. Arunima Sinha- Is the first female amputee to scale the highest mountain in the world. Jamuna Tudu- has conserved 50 hectares of forest land around her village in Jharkhand.

The Union Cabinet approved Memorandum of Understanding (MoU) to set up US $40 million India-Israel Industrial R&D and Technological Innovation Fund. India and Israel will make a contribution of US $4 million (Rs.25 crore) each for Fund. The MoU aims at a promotion of bilateral Industrial Research and Development (R&D) and Innovation cooperation between both countries in fields of science and technology.

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

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