Current Affairs 5th July 2017 - Banking, SSC, UPSC Affairs

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The Haryana Government will set up an environment-friendly transportation system in Gurgaon on the pattern of Poland. In the first phase, electric vehicles would be operated in Gurgaon, which has excellent infrastructure and facilities in residential, commercial and public sectors, and is located in the national capital region. Gurgaon Metropolitan Development Authority, Municipal Corporation, Gurgaon and Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) bear 50 per cent to 40 per cent and ten per cent of the cost of the project respectively.

The United Forum of Bank Unions decided to observe July 19, the 48th anniversary of nationalization of major banks, as Save public sector banks day. They wear a commemorative badge on the day, display posters in front of all branches, distribute leaflets and hold rallies/demonstrations at all centers across the country. The Government of India issued an ordinance and nationalized the 14 largest commercial banks with effect from the midnight of 19 July 1969.

The Union Ministry of Power announced that about 97% of the total outstanding debt of all state power distribution companies (Discoms) has been covered under the Ujwal DISCOM Assurance Yojana (UDAY). The total debt of all state-owned DISCOMS was Rs. 3.95 lakh crores. The main aim is to help to make financially and operationally healthy so they can supply adequate power at affordable rates and play important role in Union Government’s ambition of meeting the target of 100% Village electrification and 24X7 Power For All. The UDAY Scheme was launched by Union Power Ministry for the financial turnaround and revival package for electricity distribution companies of India (DISCOMs).

A new fast-growing Israeli flower was named after Prime Minister Narendra Modi in a special gesture to mark the first visit of an Indian Premier to the Jewish nation. Israeli Danziger Flower Farm named Crysanthumun flower will now be called “MODI”. The Danziger flower farm is one of Israel’s leading floriculture companies with approximately 80,000 square meters of state-of-the-art greenhouses specializing in the reproduction of plants.

The Karnataka Government launched the ‘Elevate 100’ scheme to identify and nurture innovative start-ups. The aim is to identify 100 most innovative start-ups in the state to elevate them to the next level of success. The Elevate scheme is the brainchild of the start-up cell, Karnataka Biotechnology and Information Technology Services (KBITS), to help start-ups across the state succeed by providing them with access to mentors, networking opportunities, and in-depth sessions for start-ups on accounting, and emerging technologies.

North Korea has successfully tested an Intercontinental ballistic missile (ICBM). United States Pacific Command tracked “the single launch of a land-based, intermediate range ballistic missile” lifted off from an airfield northwest of Pyongyang. The missile, which the US and South Korea was an intermediate-range projectile, landed inside Japan’s exclusive economic zone. The missile could reach a maximum range of roughly 6,700 km on a standard trajectory.

Himachal Pradesh DGP Sanjay Kumar appointed as the new chief of the National Disaster Response Force (NDRF). The appointment was made after R K Pachnanda as the chief of the Indo-Tibetan Border Police (ITBP), the Sino-Indian border guarding force. The officer served as vigilance wing of the Railway Ministry and the Railway Protection Force.

Microsoft India signed an agreement with National Independent Schools Alliance (NISA) to offer Microsoft Aspire School Program (MASP) Pro Plus to over 55,000 member schools. The National Independent Schools Alliance (NISA) is a platform that brings together budget private schools (BPS) from across the country. NISA represents over 36,400 schools, from 20 state associations, which cater to the needs of 9.35 million children at an average of 50 children per school.

The Energy Resources Institute (TERI) was ranked number two by the International Center for Climate Governance (ICCG), an internationally-renowned body whose activities focus on the design of climate policy and related governance issues. The New Delhi-based think tank was ranked under the category '2016 Top Climate Think Tanks in the Rest of the World--Absolute Global Rankings' during ICCG's 23rd annual conference of the European Association of Environmental and Resource Economists (EAERE) in Athens in Greece.

Swayam Shikshan Prayog is a city-based Non-Governmental Organisation (NGO) awarded the United Nations Development Programme’s Equator Prize. It is the only Indian organization to win the award, making the cut from more than 800 nominations across 120 countries. The 15 prize winners will receive $10,000 each and a chance to participate in a week-long summit in New York during the 72nd United Nations General Assembly.

President Pranab Mukherjee approved a Legislative Bill to ban the hookah bar in Gujarat. The main aim of the government is to protect the youth from this dangerous addiction, which causes various types of cancer. The Cigarettes and Other Tobacco Products (Prohibition of Advertisement and Regulation of Trade and Commerce, Production, Supply, and Distribution) (Gujarat Amendment) Bill, 2017 passed by the Gujarat Assembly in February and sent to Governor O P Kohli. As per the new Act, running a hookah bar in Gujarat will charge a maximum fine of Rs 50,000 and a jail term up three years.

In Goa, the Office of the Commissioner of Commercial Taxes set up Goods and Service Tax (GST) facilitation centers in ward offices across the state. The department’s head office has set up in Panaji. The chartered accountants will provide free consultation services related to GST between 4-6 pm till the 10 July. The facility will also be available at the Commercial Tax Ward Offices in Panaji, Margao, Mapusa, Ponda and Vasco.

Prime Minister Narendra Modi adopts Kakrahia as the third village after Jayapur and Nagpur, as his first and second villages in his Lok Sabha Constituency. It is under Saansad Adarsh Gram Yojana (SAGY)  scheme for developing it as a model village in 2017-18. Saansad Adarsh Gram Yojana (SAANJHI) scheme has been launched for developing model villages through the implementation of existing schemes and certain new initiatives to be done at local context, depending from village to village.

ICICI Lombard General Insurance Company terminates with Canada-based investment firm Fairfax Financial Holdings. The Insurance Regulatory and Development Authority of India (IRDAI) already given its initial approval to Fairfax’s new insurance venture. In May 2017, Fairfax Financial Holdings offloaded 12.18 per cent in ICICI General to obtain including Warburg Pincus, Tamarind Capital, and IIFL Special Opportunities Fund, for 2,473 crores.

President Pranab Mukherjee has appointed election commissioner Achal Kumar Joti as the next Chief Election Commissioner (CEC). He succeeds Nasim Zaidi. A K Joti is retired Indian Administrative Service (IAS) officer of 1975-batch. He had retired as the Gujarat Chief Secretary in January 2013. The election commission is the multi-member body and currently has three members including Chief Election Commissioner. They all are appointed by the President for a term which is fixed by the President.

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    Topics covered in the 5th July 2017 Current Affairs are
  • International News,
  • National News (ie. Indian Affairs),
  • important events associated with Science & Technology, Environment,
  • 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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