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CURRENT AFFAIRS - JULY 21 TO 25 2017-- IBPS PO/CLERKS/SSC/IAS

21st July 2017
Harmanpreet Kaur scores Ton
The 2017 ICC Women’s World Cup semi-final witnessed one of the finest innings ever in the sport after India’s Harmanpreet Kaur slammed a 115-ball 171 against defending champions Australia. India won the match by 36 runs. The final will be held between India and England on 23 July.
Now, you can text your grievance
Telangana State govt has launched the ‘Janahita’ grievance redressal system. Developed by the State Information Technology, E&C department, ‘Janahitha’, an integrated grievance redressal management system aims at expediting complaint resolution through continuous monitoring at a centralised cell. The District Revenue Officer will head the monitoring cell.
Reliance Jio launches low cost phone
Reliance has released its low cost 4G phone. The co-developed phone, which Intex is making in India, will be priced by Jio through a subsidy model, and will also be marketed by the new telco, with the handset maker not involved in both aspects. A JioPhone user can use the JioPhone for 36 months, and can get a full refund of the security deposit of Rs 1,500 by returning the used JioPhone.
Railway food unfit for consumption
The food served by Indian Railways is unfit for human consumption, an audit report on catering services conducted by the CAG has found. The CAG had conducted a joint inspection of 74 stations and 80 trains selected across Zonal Railways. The audit examination, which was conducted from 2013-14 to 2015-16, said the quality of catering services had not improved over time.
LCU Mark IV vessel
The second of the eight Mark IV LCU vessels, built by Garden Reach Shipbuilders and Engineers Limited, Kolkata, was formally handed over to the Indian Navy at a ceremony in Kolkata. The L52 ship was handed over to the ship Cdr Kaushik Chatterjee. Brigadier S Y Deshmukh, Chief Staff Officer (Technical) of Andaman and Nicobar Command. It is designed for multipurpose amphibious operations.
Paytm to offer gold as cashback
Paytm will now offer cash back in the form of gold on its platform. The Alibaba-backed company which started its digital gold business about two months back in partnership with MMTCPAMP. Started in 2008, MMTCPAMP is a JV between Metals and Minerals Trading Corporation of India (MMTC) and PAMP of Switzerland.
FIFA U-17 World Cup 2017
Kolkata will play host to the proverbial ‘Group of Death’ in the tournament, which begins in October this year. Group F, which will be played in the ‘City of Joy’, comprises of teams like England, Mexico, Chile and Iraq. The city also will host one last-16 match between the toppers of Group F and the second-placed team from Group E and a quarter-final on 22 October.
200 years of Paika Rebellion
President Pranab Mukharjee inaugurated the “Bicentenary celebration of the heroic Paika Rebellion of Odisha, a valiant uprising of Paikas against the British rule”. The Paika uprising was in the nature of a rebellion by people of Odisha in 1817. Paikas were essentially the peasant militias of the Gajapati rulers of Odisha who rendered military service to the king during times of war.
Indian Army and DRDO sign pact
Defence Research and Development Organisation has signed a pact with the Army for developing a medium-range surface to air missile. The missile will be produced by the DRDO in collaboration with the Israel Aerospace Industries. The missile will be capable of engaging multiple aerial targets at a range of more than 50 kms. It is also capable of shooting down ballistic missiles and aircraft.
Apple helping Indian Railways
Railway minister Suresh Prabhu has said the govt is working with Apple to increase the speed of trains to more than 600 kmp/h. Govt had 6-8 months ago called major technology developers working on increasing train speeds to more than 600 kmp/h NITI Aayog had approved ministry’s Rs18,000 crore proposal to increase speeds of Gatiman Express on 2 busiest corridors, Delhi-Mumbai & Delhi-Kolkata.
Jaitley to launch new pension scheme
Finance Minister Arun Jaitley will launch a new pension scheme for senior citizens, Pradhan Mantri Vaya Vandana Yojana, PMVVY in New Delhi. Under this scheme, senior citizens (60 years and above) in which they will get a guaranteed interest of 8% for 10 years. It also allows for premature exit for treatment of any critical or terminal illness of self or spouse. Scheme is exempted from GST
Proposal on floor price for Voice & Data
TRAI has rejected a proposal from incumbents including Idea & Airtel who sought the establishment of a floor price for voice and data services. Top telcos wanted a floor price to put an end to the free services which were being offered by new entrant Reliance Jio. TRAI Chairman said Fixing a floor price was not a workable idea. Prices as they are under forbearance should continue as they are
Bonus issue after 12 years
Reliance Industries has announced 1 bonus share for every share held — the first such issue after 12 years, and a dividend of Rs.13 a share. Announcing the 1:1 bonus share, RIL Chairman and Managing Director Mukesh Ambani said this is the country’s largest bonus issue. As many as 39 companies have this year announced bonus shares. Indian Oil Corp had announced a 1:1 bonus issue last month.
China bans Justin Bieber
China has banned Justin Bieber from performing on the mainland because of his “bad behavior” on & off the stage. Beijing Municipal Bureau of Culture said the ban was necessary to “purify” country’s entertainment industry but suggested it was not permanent. Bieber performed in China in 2013, raising eyebrows when he was photographed being carried up the Great Wall of China by his bodyguards.
BoB signs MoU with DGS&D
Bank of Baroda has entered into an agreement with Directorate General of Supplies & Disposal for extending various banking services to Govt e-Marketplace (GeM). DGS&D has been mandated to bring greater transparency and efficiency in public procurements. Cabinet in 2017 approved creation of GeM Special Purpose Vehicle which will replace DGS&D, nodal purchase organisation of the central govt.
SEBI inks pact with ESMA
SEBI has entered into a pact with European Securities & Markets Authority for exchange of information concerning Central Counterparties. MoU establishes Cooperation arrangements, including exchange of information regarding CCPs which are established and authorised in India by SEBI and which have applied for EU recognition under EMIR. CCPs are entities that help in settlement activities.
Cabinet nod for IWAI bond issue
Union Cabinet has given its nod to Inland Waterways Authority of India for raising Rs 660 crore in bonds for extra budgetary resources in 2017-18. The proceeds from the bonds will be utilised by IWAI for development and maintenance of National Waterways. Funds received through issue of bonds will be used exclusively for capital expenditure to improve infrastructure funding
Chester Bennington commits suicide
Chester Bennington, the lead singer of American rock band Linkin Park, allegedly committed suicide. Bennington’s death came a week before the band was due to kick off the US leg of the tour on July 27 in Mansfield, Massachusetts. It also came the same day as the release of Linkin Park’s music video “Talking to Myself.” He reportedly had a history of alcohol and drug abuse.
IMF approves conditional $1.8 bn loan
The International Monetary Fund’s board has approved a $1.8 billion loan to Greece but will only release the money if the country gets debt relief from its European creditors. If an agreement on debt relief is reached, IMF will join eurozone lenders in an ongoing bailout. The current rescue program, funded by other eurozone nations and monitored with help from the IMF, ends in one year.
Rating system for infra projects
A new system for rating of infrastructure projects has been launched by rating agency ICRA in association with India Infrastructure Finance Company. The system will focus on overall recovery of dues by the investor/lender over the lifecycle of the project. It will also address concerns like expected loss of a project entity and enable better risk based pricing & long term funding avenues.

22nd July 2017
Free & Compulsory Education Bill amended
Lok Sabha has given its approval to a bill amending law on free & compulsory education to extend deadline for teachers to acquire the prescribed minimum qualifications for appointment. Inadequately qualified teachers, working after enactment of RTE Act will have to acquire min. qualifications by March 2019. There are about 6 lakh teachers with inadequate qualifications in the private sector.
Aajeevika Grameen Express Yojana
Ministry of Rural Development will launch a new sub-scheme under Deendayal Antyodaya Yojana which will be called Aajeevika Grameen Express Yojana. It will provide an alternative source of livelihoods to members of SHGs by facilitating them to operate public transport in backward areas. It will provide safe & affordable rural transport services like e-rickshaws to connect remote villages.
Dubai named UN city data hub for region
UN has selected Dubai as data hub for Middle East North Africa & South Asia region for its initiatives to mine & manage its data. The designation will be part of a portfolio of local & regional data portals, analytics and reports to engage stakeholders. It will also serve as a dedicated platform for city-to-city learning & solutions transfer across metropolitan, national and global contexts.
UK to introduce drone registration
UK govt is mulling introducing drone registration & safety awareness courses for owners of the small unmanned aircraft. It comes in backdrop of several reports of passenger jets being involved in near-miss incidents with drones in UK. Drone safety awareness test will involve flyers having to prove that they understand UK safety, security and privacy regulations.
India and US collaboration in R&D
India is collaborating with US on research and development of traditional medicines for various diseases including cancer. It is for the first time India has successfully engaged with US in the field of traditional medicine. An India-US workshop on traditional medicine with special focus on cancer was organized on March last year at New Delhi.
Assistance to Indian women abused
External Affairs Ministry is implementing a scheme to provide financial assistance to Indian women abused /abandoned by their Overseas Indian spouses. It will help them in getting access to counselling & legal services with Indian Missions/Posts abroad. The Scheme is currently operational in 13 countries namely United States America, United Kingdom, Canada, Australia.
Food for armed forces in high-altitude
DRDO has developed nutritious & protein-rich food for armed forces deployed in high-altitude & snowbound areas. Major food products developed by DRDO include chicken biscuits, protein-rich mutton bar, tulsi bar among others. There is no food production unit in DRDO. However after developing these products production technologies have been transferred to various industries for bulk production
7 Indian Companies in fortune 500 List
7 Indian companies have made it to the latest Fortune 500 list, which ranked companies by their revenues in 2016. Among 7 Indian companies 4 are from public sector. IOC ranked highest among public sector firm followed by SBI while RIL ranked highest among private sector firms followed by Tata Motors. IOC ranked highest at 161st among Indian firms while the list was topped by Walmart.
UK supreme court’s 1st female president
UK govt has appointed Brenda Marjorie Hale as the first female president of the Supreme Court, the senior-most judge of the country. She will take charge as the head of Britain’s top judging panel in September following the retirement of current President, Lord Neuberger. She was the first woman to be appointed to the Law Commission in 1984 and has served as a counsel to Queen Elizabeth.
US blocks $350 million aid to Pakistan
United States has blocked 350 million dollars in coalition support funds to Pakistan as Islamabad failed to act against the dreaded Haqqani network. The Pentagon’s decision came ahead of a review of US policy on Afghanistan and Pakistan. This is not the first time the Pentagon has decided not to make military reimbursements. Last year, the Pentagon withheld $300 million in reimbursements.
US citizens banned from visiting N Korea
US govt has said it will bar Americans from traveling to North Korea due to risk of “long-term detention” in the country. This comes after US student Otto Warmbier was released from detention in coma & later died. Once the ban is in effect, US citizens will need special validation to travel to North Korea. North Korea allows foreign tourists to visit but their travel is strictly limited.
Baglay appointed Joint Secretary in PMO
Senior diplomat and external affairs ministry spokesperson Gopal Baglay has been appointed as Joint Secretary in the PMO. He has been appointed in place of Vinay Mohan Kwatra, who has been already named as India’s ambassador to Paris. Appointments Committee of the Cabinet has approved Baglay’s appointment to the post for 3 years. Baglay is a 1992 batch Indian Foreign Service officer.
Commitment to Reducing Inequality Index
India has been ranked 132 out of 152 countries in an index that rates countries by their commitment to reducing inequality. Report noted that govt spending on health, education and social protection was woefully low in India. Sweden topped the list while Nigeria was at the bottom. US had the highest level of inequality among developed countries.
Karamjyoti Dalal wins bronze
Karamjyoti Dalal extended India’s medal tally to 3 at the World Para Athletics Championships 2017 by winning a bronze medal. In women’s F55 category of discus throw event, she managed 19.02m, just better than Alomari Roba (19.01m). Dalal also achieved the personal best of the season. Dalal is currently ranked World No. 8 and had finished fourth at the 2015 IPC Para-athletics championships.
South India Writers Ensemble in Kerala
Kerala will host the 5th edition of South India Writers Ensemble to be held at Chengannur from July 24. 3 day annual literary gathering is aimed at bringing about an enriching interaction between writers from different languages and regions. Core theme of the festival this year is “tolerance”. Writers, journalists and film personalities will seen deliberating on tolerance at the festival.
Bill to facilitate SBI merger
Arun Jaitley has introduced a bill in Lok Sabha to repeal necessary Acts in wake of merger of State Bank of India with its subsidiary banks. Jaitley introduced State Banks (Repeal and Amendment) Bill, 2017 to pave the way for the repeal of SBI (Subsidiary Banks) Act, 1959 and State Bank of Hyderabad Act, 1956. 5 Associates & Bharatiya Mahila Bank became part of SBI beginning 1 April.
India to Host Conference on Cyber Space
India will be hosting the 5th Global Conference on Cyber Space in 2017, one of the world’s largest conference on Cyber Space & related issues. Narendra Modi will be inaugurating the conference whose theme will be based on Cyber4All: An Inclusive, Sustainable, Developmental, Safe & Secure Cyberspace. The 2 day conference will see participation of around 2000 delegates from over 100 countries.
Report on child brides in the world
According to ActionAid India report, India contributes 33% of the total number of child brides in the world with nearly 103 million Indians married before they were 18. Of every 28 girl child marriages occurring per minute in the world, more than two takes place in India. The report found that rural regions account for 75% of all instances of child marriages.
Secretary to new President
Sanjay Kothari, Chairman of Public Enterprises Selection Board, has been appointed as Secretary to President-elect Ram Nath Kovind. The Appointments Committee of the Cabinet, headed by Prime Minister Narendra Modi, has cleared the appointments for an initial period of two years. Kothari, a 1978-batch IAS officer of Haryana cadre, retired in June last year as DoPT secretary.
Natarajan as MD of India operations
Adobe Systems has appointed Shanmugh Natarajan as the managing director for Adobe Systems in India. Natarajan, who was formerly the executive director, will continue to lead Adobe operations in India, in addition to his ongoing responsibility as vice president. Natarajan has been instrumental in leading product development of products like Adobe Illustrator, InDesign & Lightroom.

23rd July 2017
Shivajirao Patil passes away
Senior Congress leader and father of actress Smita Patil, Shivajirao Patil, passed away after a brief illness. Patil was a former MP and also a former member of the Maharashtra Legislature and the state cabinet. He was awarded the Padma Bhushan in 2013. He was a member of the Rajya Sabha during 1992-98, an MLC from 1960 to 67 and an MLA for 3 consecutive terms from 1967 to 1980.
Hemang Amin as COO of IPL
Board of Control for Cricket in India has appointed Hemang Amin as the Chief Operating Officer of the Indian Premier League. He has been with BCCI for the last 7 years and has been instrumental during a pivotal transition period for the IPL. Amin was recently Assistant General Manager at the BCCI and was recognised for successfully handling the management and operations of IPL.
Govt scraps plan to divest
Prime Minister’s Office has agreed not to go ahead with divestment of MSTC’s arm Ferro Scrap Nigam as the entity has no tangible assets barring machinery. FSNL, under the administrative control of the steel ministry, undertakes disposal of ferrous and non-ferrous scrap. FSNL was removed from disinvestment list because it does not have anything. No land. It just has equipment.
Undue profit to come under GST
Proposed anti-profiteering authority under GST will take up for scrutiny only those cases that have mass impact & where undue profit of over 1 crore has been earned. 5 member National Anti Profiteering Authority headed by secretary level officer will be set up. ADG Safeguards will act as secretary to National Anti-Profiteering Authority & will coordinate b/w authority & DG Safeguards office.
Assam to host National Handloom Day
For the first time, Guwahati will play host to the National Handloom Day celebrations on August 7. The ceremony will display handloom products crafted by artisans from the seven north eastern states through a fashion show and an exhibition. The focus will be on the seven north eastern states so that each and every state is given due recognition by displaying their handloom and silk products.
Assistance for construction of school
India has extended Nepalese Rupees 66.44 million as financial assistance for construction of school buildings in Nepal. Assistance under Small Development Programme Scheme is for infrastructure development for education. New infrastructure would provide much-needed classroom space and would create an improved environment for learning and contribute to the development of education facilities.
1st R&D facility for high-end fuels, gas
India has launched its first petroleum R&D facility for testing high-end BS-VI quality fuel emissions. This first-of-its kind facility was inaugurated by Petroleum Minister Dharmendra Pradhan in Faridabad. Operated by IOC, the R&D facility is designed to test all types of fuel including petrol, diesel, bio-diesel to ensure they meet BS-VI norms that are to be implemented by April 2020.
Ola invests in car leasing subsidiary
Cab aggregator Ola has invested Rs 100 crore in its car leasing subsidiary. Through Ola Fleet Technologies, Ola focuses on building its own fleet and skilling drivers. Under the programme, drivers could lease a car for a minimal initial deposit and then pay monthly lease payments with an option to own the vehicle after a period of three years.
RBI to lease currency verification
Reserve Bank of India will hire 12 currency verification systems for 6 months to help it segregate fake ones from scrapped notes of Rs500 & Rs1000 denomination. Currency notes of all denominations received at regional office of RBI would have to be processed at a minimum speed of 30 notes per second. The term of the lease contract will be of 6 months, extendable by 3 blocks of 2 months each.
Eurofins to buy Advinus from Tatas
Tata group has agreed to sell its pharmaceuticals and biotech research unit Advinus Therapeutics to Eurofins Scientific. Advinus was started by the Tata group in 2005 as a research outsourcing company. The group through Tata Sons, Tata Industries and Rallis India controlled Advinus. Advinus has submitted over 50 end-to-end investigational new drug applications to global regulators.
Uzhavoor Vijayan passes away
Nationalist Congress Party Kerala state president Uzhavoor Vijayan passed away at a private hospital in Kochi. He was known for his speech containing political wits, later joined the NCP and rose to the rank of its president. He began his political career during his college days as a leader of the Kerala Students Union, the student wing of the Indian National Congress.
Karnataka Bank launches MLLS
Karnataka Bank, in association with PNB MetLife, has launched Met Loan and Life Suraksha (MLLS), a single premium plan covering the loan liability of a customer. Bank has also introduced KBL MLLS, an app for its employees to instantly calculate the insurance cover and premium based on loan liability of the borrowers. Karnataka Bank has been in a partnership with MetLife for last 15 years.
RIWATCH Museum in Arunachal Pradesh
Union Minister of State for Home Kiren Rijiju inaugurated the Research Institution of World Ancient, Traditional, Culture & Heritage Museum at Roing in Arunachal Pradesh. It will serve as a place of exchange of cultural values of various tribes of the state and the North East. Rijiju also pressed for documentation and research to preserve age-old culture and traditions of the state.
Waterways to connect India & Bangladesh
Bangladesh and India have signed a memorandum of Understanding to connect the North-East and West Bengal with Bangladesh through new waterways. The new waterways would be set up by using major rivers of Bangladesh, West Bengal and Brahmaputra in Assam. The project would be operational in the current year and boost the trade and passenger movement between the countries.
China & Russia start naval drills
            China and Russia have started their large-scale naval drills – “Joint Sea 2017” in the Baltic Sea. Chinese-Russian military drills have been held every year since 2012, but they are conducting them in the Baltic for the first time. The Chinese destroyer, frigate and supply ship will spend a week training with the Russian navy off Kaliningrad.
Martial law extended in Mindanao
Legislators in the Philippines have voted overwhelmingly to extend martial law to deal with an Islamist insurgency in the restive island of Mindanao. Militants linked to so-called Islamic State have been occupying parts of Marawi, a city in the south, since May. Martial law allows the use of the military to enforce law and the detention of people without charge for long periods.
Raveesh Kumar to be MEA spokesperson
Consul General of India in Frankfurt Raveesh Kumar will be the next Ministry of External Affairs spokesperson. This comes after Senior diplomat and current MEA spokesperson Gopal Baglay was appointed as Joint Secretary in the Prime Minister’s Office. He joined Indian Foreign Service in 1995 and started his career at Indian Mission in Jakarta, after which he was posted in Thimpu and London.
Atletico de Kolkata renamed
2 time Indian Super League champion Atletico de Kolkata has been renamed before the forthcoming season. This comes after Spanish giant Atletico Madrid terminated their association with the Kolkata side. The team has been renamed to ‘Amar Tomar Kolkata’. Atletico Madrid provided technical support and facilitated the pre-seasons in Madrid and were a major help in recruiting foreign players.
India 3rd largest terror target
According to data compiled by US state department, India is 3rd largest terror target in 2016. India stood at 3rd position displacing Pakistan behind Iraq & Afghanistan in terms of terror attacks. Out of the 11,072 terror attacks across the world in 2016, 927 took place in India. The US analysis labelled Naxals as the 3rd most deadly terror organisation in the world after ISIS and Taliban.
SBI, Carlyle to acquire GE Capital stake
SBI & Carlyle Group will acquire GE Capital Group’s entire 26% stake in SBI Card. SBI Card is a joint-venture b/w SBI Cards & Payment Services and GE Capital Business Process Management Services, which issue credit cards & process card transactions. Following the transaction, SBI & Carlyle will own 74% & 26% in each of the 2 entities. At present, SBI owns 60% in the joint venture.

24th July 2017
‘Mission Football’ launched in Meghalaya
Meghalaya Chief Minister Dr Mukul Sangma launched ‘Mission Football’ at a grand ceremony at JN Sports Complex, Shillong. Mission Football is an initiative to help develop skills of football enthusiasts and develop young footballers for the country. The programme has a cost of Rs. 560 cr. The plan is to develop approximately 1,400 playgrounds in all the 11 districts.
Zika Virus cure
Researchers from San Antonio Catholic University of Murcia announced the discovery of a molecule that could be used as a potential drug to fight the effects of a Zika virus infection. The novobiocin molecule (compound) was previously used in antibiotic drug to fend off “nosocomial” infections (those acquired inside a hospital). Zika virus was first isolated in Uganda in 1947.
ICC Women’s World Cup team
Indian skipper Mithali Raj was chosen as the captain of the ICC Women’s World Cup 2017 team by the International Cricket Council. Shewas selected as captain after she led India to the final of the just-concluded ICC Women’s World Cup. Besides Mithali, Harmanpreet Kaur and Deepti Sharma were the other two Indians included in the ICC’s team.
US commissions USS Gerald Ford
US Navy has commissioned the world’s largest aircraft carrier, USS Gerald R Ford into the fleet. Construction started in 2009 and was completed on 22 July 2017. She is expected to leave on her first deployment around 2020. The Ford was built at Newport News Shipbuilding, a giant Navy contractor in Virginia.
UNICEF Ambassadorship Extended
Megastar Amitabh Bachchan’s ambassadorship for Unicef has been extended for another two years. He will be working on eradicating measles and rubella infections for children. He has also served as UNICEF Goodwill Ambassador for Polio in India. He has been supporting and promoting various health and related issues in the country such as childhood immunisation programme, tuberculosis.
Multi currency forex card
India’s largest foreign bank Standard Chartered Bank has launched a ‘Multicurrency Forex Card’ to offer a seamless experience for overseas travelers. It will allow customers the convenience of loading up to 20 widely used currencies on 1 card with an online reload facility during overseas travel. It will also provide Forex rate lock-in with 0 mark-up on cash withdrawals and shopping abroad.
Siwach wins gold at Commonwealth Games
World youth boxing champion Sachin Siwach clinched a gold medal at the Commonwealth Youth Games in the Bahamas. Siwach defeated Welsh boxer James Nathan Probert 4-1 in the final to claim the gold in the light flyweight (49kg) category. Siwach, who won gold last year, was the only one of the 103 boxers to have clinched a gold so far in the tournament.
CCEA approves stake sale of HPCL to ONGC
Cabinet Committee on Economic Affairs has given in-principle approval for sale of the govt’s 51.11% stake along with the management control of HPCL to ONGC. HPCL will continue as a public sector undertaking after ONGC acquires its stake. This will give ONGC an enhanced capacity to bear higher risks, take higher investment decisions & to neutralise impact of global crude oil price volatility.
Govt launches ‘SHe-box’ portal
Women and Child Development ministry has launched an online platform called “SHe-box” portal. It is an online platform to enable women employees of the central government to file complaints related to sexual harassment at the workplace. To begin with Central govt women employees can file complaints but it will be widened to include the private sector as well.
Froome wins fourth Tour de France
Britain’s Chris Froome won the Tour de France for the fourth time as Dylan Groenewegen sprinted to victory in Paris on the 21st and final stage. The Team Sky rider is now second in the all-time list after completing his third successive victory. Only the legendary Jacques Anquetil, Eddy Merckx, Bernard Hinault and Miguel Indurain – all with five wins – stand above Froome.
Quality mark logo for milk, milk product
Union Agriculture Minister Radha Mohan Singh has launched National Dairy Development Board’s quality logo. It will signify safe and quality milk and milk products from dairy cooperatives. It is aimed at bringing about process improvement in the entire value chain from producer to the consumers to ensure availability of quality milk and milk products.
Indian growth to pick up in 2017, 2018
According to the latest World Economic Outlook report of IMF, Growth in India is forecast to pick up further in 2017 and 2018. IMF projects India to grow at 7.7 per cent in 2018, estimating a significant increase against the backdrop of ongoing economic reforms. Global growth for 2016 is now estimated at 3.2 per cent, slightly stronger than the April 2017 forecast
Iran and Iraq to boost military ties
Iran and Iraq signed deals aimed at boosting military cooperation during a visit by Baghdad’s Defence Minister Irfan al-Hayali to Tehran. Both the neighbours agreed on a wide range of military and defence cooperation including the “fight against terrorism and extremism”. The Iraqi minister acknowledged Iran’s help in the fight against IS and also stressed the importance of unity.
Banking Regulation Ordinance
A bill to authorise RBI to direct banking companies to resolve the problem of stressed assets was introduced in Lok Sabha by Arun Jaitley. Banking Regulation (Amendment) Bill, 2017, seeks to amend the Banking Regulation Act, 1949 and replace the Banking Regulation (Amendment) Ordinance, 2017. The measure allows the RBI to initiate insolvency resolution process on specific stressed asset.
India ends Championship with 5 medals
India ended their World Para Athletics Championship campaign with five medals, including a gold medal in London. India collected five medals with a gold, two silver and two bronze medals to finish outside top-30 in the medal standings. Sundar Gurjar had clinched the lone gold for India in men’s javelin throw F-46. India were represented by 29 para-athletes, including five women.
Free water, toilets at Metro stations
Lucknow Metro stations will be the 1st in India to provide free drinking water at all 21 metro stations of North-South metro corridor. Stations will have a kiosk providing purified, chilled water to commuters free. Lucknow Metro is also going to provide free toilet facility at each of its stations. These will be available only for commuters who pay using token or the Go-Smart card.
England wins Women’s World Cup
Indian women suffered a heartbreaking nine-run defeat as hosts England won the ICC Women’s World Cup final at Lord’s. Chasing a total of 229, Indian middle-order collapsed like a pack of cards, being bowled out for 219 in 48.4 overs. It is England’s 4th World Cup win – 2017 joining 1973, 1993 and 2009 on the mantelpiece. Anya Shrubsole took the player-of-the-match award for her six wickets.
UR Rao passes away
Former ISRO chairman and renowned scientist UR Rao passed away. Rao served as the chairman of ISRO for about 10 years, was conferred the Padma Vibhushan in 2017 and was awarded Padma Bhushan in 1976. He had launched India’s first satellite Aryabhata in 1975. For his immense contribution to development of India’s space technology, Rao was inducted by IAF in 2016 into its Hall of Fame .
Prannoy clinches US Open title
Indian Shuttler H S Prannoy has won his maiden US Open Grand Prix Gold badminton tournament title defeating his compatriot Parupalli Kashyap. This was Kashyap’s first final in 21 months. With this, Prannoy clinched his third Grand Prix Gold title. It was the second time this season that two Indians fought out for the title at international badminton.
IRCTC to install 100 vending machines
Indian Railway Catering & Tourism Corporation plans to install 1100 water vending machines at 450 stations in 2017-2018 to ensure clean drinking water at low cost across the country. A glass of 300 ml water dispensed through these machines will cost just Re 1. Water is dispensed through Reverse Osmosis in these machines. It will help in generating employment for around 2,000 people.

25th July 2017
IMF lowered forecasts for US, UK
The International Monetary Fund has lowered its forecasts for US and UK economic growth this year, following weaker than expected activity in the first three months. The IMF expects the UK to grow by 1.7% this year while US will grow 2.1%, as against the 2.3% it was predicting in April. IMF kept its growth forecasts for the world economy unchanged for this year and next  year.
Unconditional nod to Vodafone-Idea merge
The competition regulator has approved the proposed merger between Vodafone India and Idea Cellular. The transaction is expected to close during calendar year 2018, subject to customary approvals. Vodafone Group India unit and Idea, ranked at two and three, respectively, will have almost 400 million customers and a 41% revenue market share when they merge.
India gets WTA event after 5 years
India will host its first WTA tournament in five years in Mumbai, giving home players an opportunity to compete with the world’s top-50. Maharashtra State Lawn Tennis Association has come forward to bring the tournament to India. Last time India hosted a WTA event (Royal Indian Open) was in 2012 in Pune. There will be 4 wild cards each on offer in main draw and Qualifiers of Mumbai Open.
Reliance Defence launches patrol vessels
Reliance Defence and Engineering Limited has announced launch of its first two Naval Offshore Patrol Vessels at their shipyard in Gujarat. 2 NOPVs — ‘Shachi’ and ‘Shruti’ — are among five ships being constructed by RDEL under the P-21 project of the Indian Navy. Reliance Defence is the 1st private shipyard in India to obtain defence production licence & sign a contract for defence ships.
Vande Mataram mandatory in TN School
The Madras High Court has issued an order making the national song ‘Vande Mataram’ compulsory in schools, colleges and Government offices in Tamil Nadu. The National Song shall be played and sung in all schools/colleges/Universities and other educational institutions atleast once a week. However, court added that a person shall not be forced it sing it provided he or she has valid reasons.
Konsam wins gold
Indian weightlifter Konsam Ormila Devi has bagged a gold medal at the Asian Youth and Junior Weightlifting Championships in Kathmandu, Nepal. She lifted 56kg in snatch and 70kg in clean & jerk for a total effort of 126kg in the 44kg weight category to finish on the top of the podium. Konsam Ormila Devi is from Manipur.
Sweden to hold biggest military drills
Sweden is preparing to hold the “first and largest” exercise of its kind in over 20 years involving all of its military branches as well as troops from several NATO countries. The exercise, Aurora 17 is designed to strengthen Sweden’s defense capabilities. 19,000 soldiers from all military branches are expected to participate, which will be conducted in the air, on land and at sea.
FSSAI bans stapler pins in tea bags
Food Safety & Standards Authority of India has banned use of stapler pins in tea bags effective Jan 1, 2018. Use of stapler pins in tea bags poses potential hazard to consumers since any loose staple pin consumed inadvertently with tea may cause a serious health hazard. Tea bag segment is one of the fastest growing segments at 50-60% yoy. Currently, tea bags are either stapled or knotted.
Govt withdraws Architects Amendment bill
The govt has withdrawn from the Rajya Sabha a bill to amend the Architects Act, 1972 which provides for registration of architects. The bill has been withdrawn as govt seeks to redraft it with further amendments to the Act. The Act empowers govt to set up a Council of Architecture, which may prescribe minimum standards of architectural education in India & maintain register of architects.
Nifty breaches 10,000 mark
Nifty at NSE breached 10,000 level for the 1st time ever, to touch an all-time peak of 10,011 in the opening trade. Analysts believe continuous rally of global markets coupled with influx of foreign investment have kept the bull run going in stock market. Sentiment was upbeat on sustained capital inflows & widespread buying by retail investors, driven by strong earnings by bluechip companies
India to host men’s World Boxing C’ship
India will host men’s World Championship for the 1st time in 2021. International Boxing Association made the announcement at the end of its 2-day executive committee meeting in Moscow. India has never conducted men’s World Championship but has played host to 2006 women’s mega-event. Major men’s boxing events hosted by India have been 1990 World Cup & Commonwealth Championships.
Scientist Yash Pal passes away
Veteran scientist, administrator and popular science communicator, Professor Yash Pal died in Uttar Pradesh. A scientist of international repute, Mr. Pal was awarded the Padma Bhushan in 1976 and the Padma Vibhushan in 2013. Mr. Pal made significant contributions to the field of science and to the study of cosmic rays, high-energy physics, astrophysics and development, among others.
Free power connection for BPL families
Uttar Pradesh Power Minister Srikant Sharma launched free power connection scheme for the BPL card holders in the state. Scheme would also benefit poor people who do not have BPL cards at present. Such people would have to pay b/w Rs. 80 to Rs. 120 for getting power connection. It would also provide relief to middle class people as the instalment payment facility would be admissible for them.
Sanjay Gupta as Head of Marketing
Ridesharing app Uber has appointed Sanjay Gupta as the Head of Marketing for its India operation. Gupta, who has over 15 years of experience, comes from online furniture portal Urban Ladder, where he was chief marketing officer. Prior to joining Urban Ladder, he was head marketing at wellness & youth at Marico. He will spearhead the initiatives to strengthen the Uber brand in the country.
Mobile App for Road Maintenance
Union Minister Narendra Tomar & Deputy Director General of ILO Ms. Deborah Greenfield have launched “Aarambh”, Mobile App for Road Maintenance. It aims at use of GIS based mapping for making road inventories, condition surveys and other relevant data for monitoring of annual road maintenance plans. It would help in improving service delivery for road maintenance in all States.
Microsoft to shut down MS Paint
Microsoft’s Windows 10 Fall Creators Update is going to kill the 1985-released image editing feature Microsoft Paint. The company has revealed that Paint is no longer “in active development”, and may be removed from Windows altogether. MS Paint’s removal is a part of Microsoft’s plan to shut programs that are “not in active development.” Paint has featured on every version of Microsoft’s OS
Boeing signs $1 billion contract
US aerospace giant Boeing has signed a billion-dollar contract with French industrial software company Dassault Systemes to modernise its production system. Boeing has signed a 30-year contract worth a billion dollars, renewable every 10 years. Partnership will focus on the use of 3D software “to design future products, to modernise the entire production system and to deploy new services”.
Pichai joins Alphabet’s board
Google’s chief executive officer Sundar Pichai is going to join Google’s parent company Alphabet’s board of directors. He joins the company’s founders, Larry Page and Sergey Brin and 9 other veterans of technology, finance and automotive industries. He becomes the 5th insider to join Alphabet board. He took the reins of Google in August 2015, when Page announced the Alphabet restructuring.
AAI and Uttarakhand Govt.inks MoU
Airports Authority of India has signed a MoU with Govt of Uttarakhand Civil Aviation Development Authority. The scope of MoU is to identify relevant factors influencing development of civil aviation infrastructure in Uttarakhand. AAI will also assist UCADA in obtaining necessary clearances for airport operations starting with the upgraded airport at Pithoragarh and later at Chiniyalisaur.
World’s 1st fullscale floating wind farm
World’s 1st full-scale floating wind farm has started to take shape off the north-east coast of Scotland. It will allow wind power to be harvested in waters too deep for current conventional bottom-standing turbines. 5 turbines will be installed which will provide 30MW of energy, enough to power 20000 homes. Each turbine is 175m high & weighs 11500 tonnes, using a large buoy to keep upright

THANKS: testbook.com


CURRENT AFFAIRS - JULY 21 TO 25 2017-- IBPS PO/CLERKS/SSC/IAS Reviewed by sambasivan srinivasan on 1:05:00 AM Rating: 5

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