Current Affairs 7th July 2017

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Pakistan successfully test-fired short-range surface-to-surface ballistic missile 'Nasr'. NASR is a high-precision weapons system with the ability for quick deployment and a range of 70 kilometers, or 43.5 miles. Pakistan Army has conducted a series of training launches and tests during the current week for validation of new technical parameters of 'NASR' with an enhanced range of 60-70 kilometers.

Indus Operating System partners with YES Bank to launch Operating System integrated UPI (Unified Payment Interface) payment platform in India. The Users with Indus OS will be able to use this UPI payment platform on SMS, dialler interface, and on third party apps like WhatsApp.

Reserve Bank Of India (RBI) issued directions on ‘Customer Protection – Limiting Liability of Customers in unauthorized Electronic Banking Transactions’. If the customers report to the banks regarding the loss they suffer through online banking transactions within three days, then the amount involved will be credited to their accounts within a time period of 10 days. The banks should ask its customers to mandatorily register for SMS alerts and e-mail for email alerts for electronic banking transactions.

India ranked a high 23rd out of 165 Nations in a Global Index that measures the commitment of nations across the world to cyber security. The second Global Cybersecurity Index (GCI) was released by the UN telecommunications agency International Telecommunication Union (ITU). The top 5 most committed countries to cyber security are Singapore, The United States, Malaysia, Oman, Estonia.

India’s Manpreet Kaur won the Gold medal in the women’s Shot Put on the opening day of the Asian Athletics Championships 2017 at the Kalinga Stadium, Bhubaneswar, Odisha. Govindan Laxman in the men’s 5,000 meters and also won Gold Medal.

The European Parliament approved a first-ever cooperation deal between the European Union and Cuba.  The French city of Strasbourg approved the Political Dialogue and Cooperation Agreement which was signed in December 2016. The European Parliament is headquartered in Brussels, Belgium.

Siemens has opened its first digital factory in India.It is also the third globally after one each in Germany and China. It aims to provide a comprehensive portfolio of hard ware and software products which enable comprehensive integration of data from development, production, and suppliers. The factory is situated on the outskirts of Mumbai is capable of producing more than 180 variants of low-voltage switchgear at the rate of one product every nine seconds.

A rare ‘white tiger’ with a pale skin color has been spotted for the first time in the Nilgiris by a wildlife photographer. Photographer Nilanjan Ray from Bengaluru spotted the cat at an undisclosed location on a recent trip to the Nilgiri Biosphere Reserve. They are predominantly found in Rewa, Madhya Pradesh.

Kewal Handa was appointed as non-executive chairman of Union Bank of India. The Appointments Committee of the Cabinet has approved Handa’s appointment as non-official director/non-executive chairman of the bank. An order was issued by the Department of Personnel and Training (DoPT) and Handa will hold the post for a period of three years.

Odisha Government signs an Expression of Intent (EOI) with the International Association of Athletics Federations (IAAF) and the Athletics Federation of India (AFI). The State Government would provide infrastructure and support services including the outdoor stadium, medicine and physiotherapy facilities and specialists, international sports hostel for the athletes and coaches and visiting foreign countries. The state Sports and Youth Services Department will provide funds and make available infrastructure and support services.

As per the official figures published by the United Kingdom Department for International Trade, India became the fourth largest foreign investor into the United Kingdom (UK) in 2016-17. India is sharing the fourth spot with Australia and New Zeland made to set up 127 projects collectively. The United States of America remains the top most investor in the UK by setting up of 577 projects in 2016-17. China (including Hong Kong) with 160 projects and France with 131 projects have been placed in the second and third positions respectively.

Sanjiv Goenka named as the Chairman of the Board of Governors at Indian Institute of Technology (IIT) Kharagpur. He will serve as the Chairman for three years. He served as a member of the Prime Minister’s Council on Trade & Industry, and also on several academic institutions as member and chair of its Governing bodies.

India is placed at the 100th position in the ranking of Federation International of Football Association (FIFA). The FIFA World Rankings ranks the men’s national teams in association football. The rankings were first introduced in 1992. At present, Germany leads the ranking.Germany is followed by Brazil, Argentina, Portugal, and Switzerland in the rankings.

South Indian Bank tied up Peregrine Financial Group forex (PFG) for remittance facility for the benefit of Indian expatriates from Australia. Under this arrangement, NRIs can enjoy cost-effective and fast remittance services using SIB's Express facility. They have correspondent banking arrangement with National Australia Bank and Fly World Money Exchange for remittances to India.