Today Current Affairs 22nd July 2017

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Mayak satellite is the third brightest object in the sky only after the Sun and the Moon. The satellites that were launched included an Earth observation Kanopus-V-IK satellite, the main payload, and 72 smallsats. Mayak means beacon in English, is a standard cubesat that has been developed by Moscow Polytechnic University (MAMU). The satellite will orbit the Earth, about 370 miles (600 km) high, giant mylar reflector with a surface area of 170 square feet.

Sports Minister Vijay Goel and Road Transport and Highways Minister Nitin Gadkari today flagged off the 10th Slum Yuva Daud at Khichripur in New Delhi.  Thousands of youth from Delhi slums participated in the run which started from Lal Bahadur Shastri Hospital, Khichripur and ended at Dr Bhimrao Ambedkar Stadium, Trilokpuri. The Slum Yuva Daud is a part of the Adopt a Slum campaign of the Sports Ministry and Nehru Yuva Kendra Sangathan.

Anil Kumar Raturi appointed the new Director General of Police of Uttarakhand. He will replace DGP MA Ganapathy, who will join as additional director general of police (ADG), Central Industrial Security Force (CISF). Raturi takes over from M A Ganpati who has been appointed as the Additional Director General of the CISF by the Union Home Ministry.

Senior diplomat and External Affairs Ministry spokesperson Gopal Baglay appointed as Joint Secretary in the Prime Minister’s Office. The Appointments Committee of the Cabinet approved Bagley's appointment to the post for three years. Gopal Baglay appointed in place of Vinay Mohan Kwatra, who has been already named as India’s Ambassador to France.

Kerala will be hosting the fifth edition of South India Writers Ensemble (SIWE) at Chengannur, a town in Kerala’s coastal Alappuzha district. The core theme of the festival this year is ‘tolerance’. The creative writers, journalists, theatre and film personalities from across the industry will be seen deliberating on the theme.

Sanjay Kothari, Chairman of Public Enterprises Selection Board appointed as Secretary to President-elect Ram Nath Kovind. Senior journalist Ashok Malik has been named as Press Secretary. Senior Gujarat-cadre forest service officer Bharat Lal will be Joint Secretary.

The second of the eight Mark IV Landing Craft Utility (LCU) vessels was formally handed over to the Indian Navy at a ceremony in Kolkata. It is built by Garden Reach Shipbuilders and Engineers Limited (GRSE), Kolkata. The ship measuring 62.8 x 11 metres has an endurance of around 1,500 nautical miles at 12 knots and is fitted with 2 x CRN-91 indigenous 30mm Guns. L52 has the honour of having successfully completed her Weapon & Sensortrials prior delivery to the Indian Navy.

The Union Finance Ministry launched Pradhan Mantri Vaya Vandana Yojana (PMVVY), a pension scheme exclusively for senior citizens aged 60 years and above. Under this scheme, senior citizens will get a guaranteed interest of 8% for 10 years depending upon the investment made by them. Life Insurance Corporation of India (LIC) has been given the sole privilege to operate the scheme. It can be purchased offline as well as online through LIC.

Bank of Baroda signed an agreement with Directorate General of Supplies & Disposal (DGS&D). The Memorandum of Understanding (MoU) signed for extending various banking services to Government e-Marketplace. The GeM SPV has been established as National Public Procurement Portal to provide an end-to-end online marketplace for Central and State Government their public sector undertakings, autonomous institutions and local bodies departments for procurement of common goods and services in a transparent and efficient manner.

Arun Jaitley the Finance Minister of India introduced a Bill in the Lok Sabha to repeal the necessary Acts in wake of the merger of State Bank of India (SBI) with its subsidiary banks. He introduced the State Banks (Repeal and Amendment) Bill, 2017 to cover the way for the repeal of the State. The repeal of these two laws is necessary of all the subsidiary banks of SBI getting merged into the State Bank of India.

Former minister Lord Davies is appointed as new chairman of the UK India Business Council (UKIBC). He will serve for a period of 3 years and will replace the Rt Hon Patricia Hewitt. He will take up this role from 1st September 2017.