New- REET VACANCY COMING SOON: 31K Posts of 3rd Grade Teacher in Rajasthan(Approved by FMoR) New- RSMSSB PATWAR: Exam in January, 2021

Wednesday, August 2, 2017

Current Affairs July 31, 2017

INDIAN AFFAIRS

Swachh Survekshan-2018 launched to assess sanitation in all 4,041 cities and towns of the country
Central Government has launched ‘Swachh Survekshan-2018’ to rank all the 4,041 cities and towns of the country on 31st of July 2017. It is based on certain parameters like infrastructure development for improved sanitation services and their sustainability, outcomes, citizen connect and visible impact on ground.
i. Minister of Housing & Urban Affairs Shri Narendra Singh Tomar has launched the survey, the third in the series and released a comprehensive Survey Tool Kit which explain the methodology, weightages and new features and plunge areas .
ii. To inspire the people to participate in the Swachhata Jan Andolan and connect themselves with the ‘Swachhata Survekshan-2018’ launched on 31st July 2017.

Shri Mukhtar Abbas Naqvi launches “Jiyo Parsi Publicity Phase-2” in Mumbai
On July 29th 2017, Union Minister of state for Minority Affairs and Parliamentary Affairs Shri Mukhtar Abbas Naqvi launched “JIYO PARSI PUBLICITY PHASE – 2” function in Mumbai.
i. In the year of 2013 “Jiyo Parsi Publicity Phase-1” was initiated to increase the small minority population of  parsi community.
ii. The main objective of the “Jiyo Parsi” scheme is to reverse the declining trend of Parsi population by adopting a scientific protocol and structured interventions, stabilize their population and increase the population of Parsis in India
iii. The scheme implemented two components:
1.Medical Assistance and 2.Advocacy/Counselling.
Due to this effort, it became success with the birth of 101 babies.

Some important talented people from Parsi community :-
Parsi community has showed their talent in many fields like industry, military service, legal service, architecture or civil services
i. Jamshetji Tata had played a key role in industrial development of India.
ii. Dadabhai Naoroji and Madam Bhikaji Cama played an important role in India’s freedom struggle.
iii. Homi J Bhabha is the” father of the Indian nuclear program”.
ivField Marshall Sam Manekshaw’s service to the nation will be remembered one.
Parzor Foundation was an important link between the Parsi community and the government in success of “Jiyo Parsi” scheme. And the Tata Institute of Social Sciences (TISS), Mumbai; the Bombay Parsi Panchayet (BPP) and Federation of Zoroastrian Anjumans of India have also played a key role in this regard.

‘Rajaswa Gyansangam’ scheduled to be held in New Delhi
‘Rajaswa Gyansangam’ is going to be held on 1st and 2nd September, 2017 at Vigyan Bhawan in New Delhi.
i. The Prime Minister, Shri Narendra Modi will inaugurate this two day Conclave on the 1st day of September, 2017.
ii. The main reason of this inauguration will be on GST as well as on unearthing black money.
iii. The Tax Officers of the State Governments will also be invited for discussion for the first time on the GST related issues during the 1st day of the two day Conclave.

7 Projects worth Rs 425 crore approved by NMCG
The Executive Committee of National Mission for Clean Ganga in its 4th meeting has approved seven projects worth Rs 425 crore in the sector of sewage infrastructure, Ghat development and research.
Key Notes:
i. In sewage sector it includes three projects each in Uttar Pradesh and Bihar have been approved.
ii. For Uttar Pradesh, interception, diversion and STP projects for Unnao, Shuklaganj and Ramnagar have been approved.
iii. These three projects are aimed at creation of sewage treatment capacity of 29 MLD (Unnao- 13 MLD, Shuklaganj- six MLD and Ramnagar- ten MLD) with a total cost of Rs 238.64 crore.
iv. In Biharthree projects at Sultanganj, Naugachia and Mokama with total estimated cost of Rs 175 crore have been approved. 
v. These three projects will create additional sewage treatment capacity of 27 MLD (Sultanganj- ten MLD, Mokama- eight MLD and Naugachia- nine MLD).
vi. All the projects will be provided with Operation and Maintenance cost for 15 years by Central government and 100% central assistance.
vii .Unnao and Sultanganj projects will be taken up under Hybrid Annuity based PPP model. In which 60% of the capital cost will be paid to the contractor who has constructed the STP, over a period of 15 years.
viii .It is also important to mention that, on the basis of his work performance on the achievement of desired norms of treated waste water.
ix. The study will be an extension of a research carried out by National Environment Engineering Research Institute (NEERI) to identify the special properties of river’s waters.
x. This research would focus on finding out the science behind these special properties in order to formulate a strategy to keep these characteristics.

INTERNATIONAL AFFAIRS

World’s longest pedestrian suspension bridge’ the Europabrücke (Europe Bridge)’ opens in Switzerland
The world’s longest pedestrian suspension bridge the Europabrücke or Europaweg(Europe Bridge) on 29th July 2017, a ribbon-thin span nearly a third of a mile long at in Randa, Switzerland. 
i. It measures 1,620 feet long and rises as high as 278 feet above the Grabengufer ravine.
ii .The span is also impossibly narrow, at just 25.6 inches wide.Hikers can now cross the Europaweg (Europe Bridge) which connects Grächen and Zermatt and measures nearly 500m.
iii. Zermatt Tourist Board says it is the longest in the world, hanging at a heady 85m above the Grabengufer ravine, although a 405m bridge in Reutte, Austria hangs 110m higher.
iv. The Europaweg replaces an older bridge which was closed in 2010 after it was damaged by falling rocks.
Switzerland:
♦ Currency: Swiss franc
♦ Capital: Bern

BANKING & FINANCE

GDP growth in June quarter to be around 6.6% in India – Nomura
India’s GDP growth is to be higher at 6.6% in the June quarter from the previous three months this year.
i. According to Nomura it is expected average GDP growth in Q2 (April-June) to be modestly higher at 6.6% from 6.1% in Q1 (January-March).In the second half (H2) of 2017, growth recovery is expected to accelerate to 7.4%
ii. The pick-up growth numbers in the second half is likely to be led by a recommencement of production after GST, ongoing remonetisation, normal monsoons, stronger rural consumption and easier financial conditions (lower lending rates, liquidity).

RBI slaps Rs. 3 cr penalty on Union Bank for KYC non-compliance
RBI has imposed a penalty of Rs 3 crore on Union Bank of India for “non-compliance” on Know Your Customer (KYC) norms announced on 31st of July 2017.
Key Points:
i. Rs.2 crore was imposed for “huge cash withdrawals in certain accounts” maintained with Union Bank of India and Rs. 1 crore was imposed for fraud in a bank. The penalty was imposed on 26th of July.
ii. The central bank had examined the documents regarding the complaint and notice was issued to the state-owned lender.
iii. The action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
iv. The bank was asked to show cause “as to why penalty should not be imposed” for non-compliance with directions issued by the RBI.
v. The RBI has further added after considering the bank’s reply, oral submissions, additional information and documents, it concluded that the charge was substantiated and warranted imposition of monetary penalty.
About Union Bank of India
♦ 
HQ :Mumbai
♦ MD & CEO :Rajkiran Rai G.
♦ 
Tagline: Good People to Bank with

SBI cuts saving account rate by 0.5% on balance up to Rs 1 cr
On July 31,2017 State Bank of India has cut interest on savings account deposits by 50 basis points to 3.5 per cent on balance up to Rs 1 crore.
i. The bank decides to continue 4 per cent interest on savings account balance of Rs 1 crore and above.
Revision of saving bank rate will enable the bank to maintain marginal cost of fund based lending rate (MCLR) at existing rates.

BUSINESS

1st time India becomes net exporter country in Steel: Birender Singh
Minister for Steel Chaudhary Birender Singh said that first time India has become a net export country in Steel. It has been announced on 31st of July 2017.
Key Facts:
i. The steel imports in the country have gone down by 39% and exports have gone up by 102% last year.
ii. Crude steel production has registered 3.5% during April-June 2017-18.

Amazon signs deal with Salman Khan, movies to premiere first on Prime Video before TV
Amazon Prime Video has signed deal with Bollywood star Salman Khan to premiere his all future films first exclusively on Amazon Prime Video right after the theatrical release.
i. Nitesh Kripalani, Director and Country Head, Amazon Video India and James Farrell, Head of Content, Prime Video, Asia Pacific, also participated in signing deal. It will start with his film “Tubelight”, which released in June.
ii. All future movies from Salman Khan Ventures released after “Tubelight” will premiere exclusively on Amazon Prime Video first after their release in theatres and two months before television broadcast or anyother distribution.

Government enters into nine Unilateral Advance Pricing Agreements (UAPAs) with Indian taxpayers
The Central Board of Direct Taxes (CBDT) has entered into 9 Unilateral Advance Pricing Agreements (UAPAs) with Indian taxpayers on 31st of July 2017.
Key Points:
i. The APA Scheme will provide certainty to taxpayers in the domain of transfer pricing.
ii. It will specify the methods of pricing and determining the Arm’s Length Price of international transactions in advance for a maximum period of five future years.
iii. The taxpayer has the option to rollback the APA for four preceding years, it makes a total of nine years of tax certainty is provided.
iv. The international transactions covered in these nine APAs include provision of software development services; provision of IT enabled services, provision of engineering design services, distributioncontract manufacturing, etc.
v. CBDT has signed its first APA with a taxpayer engaged in supplying rigs used in Oil & Gas exploration.
vi. Other than the Oil & Gas Sector, the APAs pertain to Education, Banking, Pharmaceutical, Manufacturing and Information Technology sectors of the economy.
vii. The number of UAPAs signed in the current financial year is 18 and the number of BAPAs signed in the current financial year is one.
viii .With this, the total number of APAs signed till date stands at 171 (Unilateral-159 and Bilateral-12).
ix. The APA Scheme strengthens the Government’s commitment to encourage a non-adversarial tax regime.


AWARDS & RECOGNITIONS

Trump to Award First Medal of Honor to Vietnam Army Medic
An Army medic from Michigan is becoming the first person to receive the Medal of Honor from President Donald Trump in Wahington.
i. He risked his life nine times to rescue comrades in Vietnam.Trump is set to present America’s highest military honor to 71-year-old James McCloughan (mih-KLOO’-uhn) at the White House.
ii. While McCloughan was a 23-year-old, he  was drafted into the Army and sent to Southeast Asia. He repeatedly entered the “kill zone” to rescue wounded comrades during the Battle of Hui Yon Hill in 1969.

SCIENCE & TECHNOLOGY

Scooping out oil spills made easy by IISER
Scientists from the Indian Institute of Science, Education and Research (IISER) in Thiruvananthapuram have developed a hydrophobic sorbent that can suck up oil and congeal it.
Key Points:
i.A hydrophobic material automatically takes up oil when it comes in contact with it.
ii. It has now become possible for more efficient and quick absorption of crude oil from the sea following marine spill. The gelator can be easily applied over oil-water mixture and no solvent is needed for spraying it thus making it environment friendly.
iii. A two-member research team led by Prof. Kana M. Sureshan from the School of Chemistry at IISERdeveloped the hydrophobic sorbent by using a cheap raw material (mannitol) and cellulose pulp as a matrix.
iv. Mannitol was converted into a hydrophobicgelator through a one-step process and a solution was made using this compound.
v. Cellulose balls the size of marbles were then dipped in the solution and dried.
vi. The gelator gets adsorbed on the cellulose fibre through hydrogen bonding.
vii. This process of adsorption of gelator on the cellulose fibre matrix changes the cellulose matrix from being very hydrophilic (water-loving) to hydrophobic (water repelling).
viii. Once the sorbent sucks the oil, the gelator slowly gets released from the cellulose fibre and congealing of oil takes place.
ix. Gelation essentially turns the liquid oil phase into a semi-solid one and this allows the fibre balls with the congealed oil to be simply scooped out or removed using a scoop or a sieve.
x. The team tested the ability of their sorbent to congeal oil using six different crude oils, including the one from Bombay High.
xi. Studies have found that the sorbent was able to absorb and congeal 16 times its own weight of oil.
xii. The absorbed oil can be recovered by applying pressure or fractionated by a simple distillation process.

Scientists develop Bio-glue for wound healing
Scientists have developed a super strong, flexible bio-glue for wound healing without causing toxicity. It has been developed by the erudite researchers from the Wyss Institute for Biologically Inspired Engineering and the Harvard John A. Paulson School of Engineering and Applied Sciences (SEAS).
Key Points:
i. It is secreted by slugs that sticks to biological tissues – even when wet. Slugs secrete a special kind of mucus when threatened that glue it in place, making it difficult for a predator to pry it off its surface.
ii. The key feature of the material is the combination of a very strong adhesive force and the ability to transfer and dissipate stress, which have historically not been integrated into a single adhesive.
iii. The“tough adhesive” is biocompatible and binds to tissues with strength comparable to the body’s own resilient cartilage.
iv. The adhesive is able to dissipate energy through its matrix layer, which enables it to deform much more before it breaks.
v. The team’s design for the matrix layer includes calcium ions that are bound to the alginate hydrogel via ionic bonds.
vi. When stress is applied to the adhesive, those ionic bonds break first, allowing the matrix to absorb a large amount of energy before its structure becomes compromised.
vii. In experimental tests, more than three times the energy was needed to disrupt the tough adhesives bonding compared with other medical-grade adhesives.
viii. The researchers tested their adhesive on a variety of both dry and wet pig tissues including skin, cartilage, heart, artery, and liver.
ix. It has been found that it bound to all of them with significantly greater strength than other medical adhesives.
x. The adhesive also maintained its stability and bonding when implanted into rats for two weeks, or when used to seal a hole in a pig heart that was mechanically inflated and deflated and then subjected to tens of thousands of cycles of stretching.
xi. The glue did not cause any tissue damage or adhesions to surrounding tissues when applied to a liver haemorrhage in mice.
xii .The research was published in the journal Science.

ENVIRONMENT

Typhoon Haitang strikes China, two lakh people evacuated
Typhoon Haitang struck China’s eastern Fujian Province with continual rain blows on different parts of the region. Over 2 lakh people have been evacuated from Typhoon.
Key Points:
i. According to the provincial meteorological observatory wind hit with a maximum speed of 18 meters per second, the tropical cyclone followed Typhoon Nesat which landed in the same city at 6 am on 30th of July 2017.
ii. As per Xinhua news agency Typhoon Haitang the 10th typhoon this year made landfall at 4.40 pm in Pingtung on the island of Taiwan.
iii. The two typhoons brought heavy rainstorms to the province, with rainfall exceeding 50 mm in 64 counties, cities or districts over the past 24 hours.
iv. Maximum rainfall reached 172.4 mm at Yunshan Village of Yongtai County.
v. According to the report So far 2.16 lakh people had been evacuated across the province.
About China
♦ Capital: Bejing
♦ Currency :Renminbi
♦ President: Xi Jinping

SPORTS

Rahul, Manu-Sumeeth clinch titles at Lagos Open
Indian shuttler C Rahul Yadav and Men’s doubles pair of Manu Attri and B Sumeeth Reddy has won the Men’s singles and Men’s doubles title at Lagos International challenge.
Key Points:
i. The Lagos International challenge was held in Nigeria.
iiRahul surpassed another Indian player Karan Rajan Rajarajan by 21-15 21-13 in the final clash to the title at the MoladeOkoya-Thomas Hall of the Teslim Balogun Stadium.
iii. The fourth seed Rahul stupefy top-seed and World No. 55 Misha Zilberman in the semifinals.
iv. Rahul had recently won the bronze medal in the Russain Open Grand Prix.
v. In women’s singles, India’s Mugdho Agrey finished as runners-up after losing 12-21 14-21 to Sri Lanka’s Thilini Pramodika Hendahewa in the finals.
vi. In the doubles pair, Manu and Sumeeth, who played at the Rio Olympics, defeated local pair of Godwin Olofua and Anouluwapo Ju won Opeyori by 21-13 21-15.
Nigeria :
♦ Capital: Abuja
♦ Currency: Nigerian naira

India bags 24 medals at Jordan Open TT
India has bagged total 24 medals at the Jordan Junior and Cadet Open table tennis tournament.The event held in Amman the capital of Jordan.
Key Points:
i. The tally includes 7 Gold, 7 Silver and 10 Bronze medals. In the event India was the second best finishers.
iiPayas Jain had won silver after defeated by Hsu p-Hsuan(Taipei boy) 4-11, 6-11, 6-11.
iiiPayas, Yashansh Malik and Chinmaya Somaiya have lost against Hsu Po-Hsuan, Lin Yen-Cun and Pen gChih who claimed the gold.
ivPayas overcame Iran’s Mohammad Amin Samadi to win the boys singles title with a 11-5, 11-9, 12-10 triumph.
vAnargya Manjunath grabbed the singles crown when she scored a 11-7, 6-11, 11-5, 12-10 victory over Taipei’s Cheng Pu-Syuan in a needle final contest.
vi. Earlier India ‘A’ beat Thailand3-1 in the quarterfinals and then Qatar 3-0 in the semi-final.
Jordan :
♦ Capital: Amman
♦ Currency: Jordanian dinar
♦ King: Abdullah II of Jordan

Sebastian Vettel wins Hungarian Grand Prix
Sebastian Vettel won a Hungarian Grand Prix.He took the checkered flag 0.9 seconds ahead of Raikkonen on 30th July 2017. This is his fourth win of the season and 46th of his Formula One career.
i. The last Ferrari driver to win from pole position in Hungary was Vettel’s compatriot Michael Schumacher, who was dominant in 2004 and went on to win his seventh.
ii. The top 5 Race results
1 .Sebastian Vettel (Ferrari)
2.Kimi Raikkonen (Ferrari)
3.Valtteri Bottas (Mercedes)
4.Lewis Hamilton (Mercedes)
5.Max Verstappen (Red Bull)
About Hungarian Grand Prix:-
The Hungarian Grand Prix (Hungarian: Magyar Nagydíj) is a motor race held annually in Hungary. Since 1986, the race has been a round of the FIA Formula One World Championship.
♦ The first Hungarian Grand Prix was held on 21 June 1936 over a 3.1-mile (5.0 km) track laid out in Népliget, a park in Budapest.
♦ Most wins (drivers) – Lewis Hamilton (5) from United Kingdom
♦ Most wins (constructors) – McLaren (11) from United Kingdom

Isner downs Harrison for fourth ATP Atlanta title
John Isner(From USA) won his fourth ATP Atlanta title on 30th of July 2017. He had defeated Ryan Harrison by 7-6 (8/6), 7-6 (9/7).
Key Points:
i. Isner, who has reached the final in seven of eight editions of the tournament, added a fourth title to those he won in 2013, 2014 and 2015.
ii. American Isner marked his second ATP title in as many weeks after lifting the trophy in Newport last week.
iii .In Men’s doubles Bob Bryan and Mike Bryan won the titles. They defeated Wesley Koolhof and ArtemSitak by 6-3, 6-4.
About ATP Atlanta Title
♦ The Atlanta Open (known for sponsorship reasons as the BB&T Atlanta Open), is a professional men’s tennis tournament.
♦ It has been played in the Atlantaarea in the United States since 2010, usually during July or August.


CURRENT AFFAIRS AUGUST MONTH


Current Affairs Aug 01, 2017

INDIAN AFFAIRS
RCEP trade negotiating Committee meeting held in Hyderabad
19th round of the Regional Comprehensive Economic Partnership (RCEP) Trade Negotiating Committee (TNC) meetings and other related meetings were held from 17th to 28th July 2017 in Hyderabad, India.
i. The Meeting was inaugurated by Rita Teaotia, Secretary, Department of Commerce, Government of India on 24 July 2017.
ii. During the 19th round, parallel meetings were held by the three main Working Groups on Trade in Goods, Trade in Services and Investment, including their respective Sub-Working Groups.

Constitution 123rd Amendment Bill passed with amendment in Rajya Sabha
On July 31, 2107, Constitution 123rd Amendment Bill, 2017 for setting up of a National Commission for Backward Classes was passed by Rajya Sabha after dropping an important clause.
i. Rajya Sabha passed the bill by dropping Clause 3 which pertains to the insertion of a new article 338B about the constitution and powers of the National Commission for Backward Classes.
ii. One amendment sought increase in the number of members of the proposed commission from three to five with reservation for a member from a minority community and another for women. Another amendment spoke about protecting the rights of states by making their recommendations binding.

MMR vaccination campaign launched in Kangra
A campaign to protect children from major childhood diseases like measles, mumps and rubella has been started in Kangra district of Himachal Pradesh from August 1, 2017.
More Information about MMR Vaccination Campaign:
i. The campaign has been initiated by Dharamshala Municipal Corporation Mayor Rajni Vyas.
ii. Under the Measles, Mumps, Rubella (MMR) vaccination programme, all children between the age of nine months to 15 years shall be vaccinated.
iii. All government and private schools as well as aanganwaadis shall be covered under the programme by well-trained health officials.

SC bans use of five metals in Firecrackers
The Supreme Court has imposed a ban on the use of five harmful heavy metals likelithium, antimony, mercury, arsenic and lead in the manufacturing of firecrackers as they cause air and noise pollution.
Key Points:
i. The Supreme Court maintained that it is the responsibility of the Petroleum and Explosives Safety Organisation (PESO) to ensure compliance of ban particularly in Sivakasi in Tamil Nadu where there are a large number of firecracker manufacturers.
ii. The court also asked CPCB (Central Pollution Control Board) and PESO to make collaborative efforts for setting up standards with regards to air pollution caused by the bursting of fire crackers.
iii. The Supreme Court order came on a 2015 petition filed by three Delhi children who had requested the court to involve regulating the use of crackers and fireworks during festivals like Diwali.
About Petroleum and Explosives Safety Organisation (PESO):
♦ PESO is a department that controls and administersmanufacture, storage, transport and handling of explosives, petroleum, compressed gasses and other hazardous substances in India.
♦ It is headed by Chief Controller of Explosives and is headquartered at Nagpur, Maharashtra.
♦ It functions under the Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce and Industry.

PM Modi announces Rs.2,350 crore relief package for floods in North East region
The Prime Minister, Narendra Modi has announced a package of Rs 2350 crore for relief, rehabilitation and building flood mitigation infrastructure in the flood-affectedNorth-Eastern states including Assam on 1st August 2017.
Key Points:
i. The PM announced to set up a high-powered committee to find a long-term solution to the flood and erosion problem in the North east region.
ii. Out of the Rs 2350 crore announced by the PM, Rs 1200 crore will be given by the Union.
iii. He said the committee would get in touch with even the flood-hit people in the ground.
iv. The Union Government will also provide Rs 100 crore for carrying out the study by the high-powered committee to synergize efforts towards finding time-bound long term solutions to recurrent floods in the region.
v. The funds will be utilized for repair, maintenance, and strengthening of roads, highways, bridges, and other damaged infrastructure.
vi. In the current financial year, the Union Government has approved Rs 600 crore as central share of SDRF for Assam.
vii. Out of this, Rs 350 crore has already been released, and the remaining Rs 250 crore (included in the total Rs 2350 crore package) will be released immediately, to assist the flood-hit state in relief and rehabilitation work.
viii. The PM had already announced Rs 2 lakh ex-gratia against each of the flood caused death in Assam besides Rs 50,000 for each of the injured.
ix. The announcements came immediately after the PM chaired a series of high-level meetings in which the Prime Minister reviewed the flood situation and flood damages undertaken by the flood-affected state governments in the region.



INTERNATIONAL AFFAIRS
 India, China home to 39% of young Internet users – UN report
As per ‘ICT Facts and Figures 2017’, released by the International Telecommunication Union (ITU), the United Nations specialised agency for Information and Communication Technologies (ICTs)India and China are home to 39% of the 830 million young people worldwide who use the Internet.
i. As per the report, there has been a significant increase in broadband access and subscriptions with China leading the way.
ii. Youths (15-24 years old) are at the forefront of Internet adoption. In Least Developed Countries (LDCs), up to 35% of individuals using the Internet are aged 15-24, compared with 13% in developed countries and 23% globally.

China opens its first overseas Military base in Djibouti
China has formally launched its first overseas naval facility in Djibouti, an East African nation.
Key Points:
i. Five Chinese formations and Djibouti’s Three Services HonorGuard took part in the launch ceremony on 1st of August 2017.
ii. The event marked the 90th anniversary of the Chinese military.
iii. The base is set to enable China to better support its patrols in waters off Somalia and Yemen and carry out international humanitarian operations as well as naval exercises.
iv. More than 300 people attended the ceremony, including deputy Chinese naval commander Tian Zhong and Djibouti’s defense minister.
v. This year, the Chinese military industry commissioned China’s first aircraft carrier, Liaoning, with the second carrier of the same class on the way in coming years.
vi. According to the Chinese press, the Navy is also expecting a third carrier, the nuclear-powered Type 003, to enter service soon.
vii. In mid-July, the Type 052D missile destroyer Changsha, missile frigate Yungchen, and auxiliary ship Luomahu arrived in the Baltic Sea for joint exercises with the Russian Navy.
About Djibouti
♦ Djibouti is a tiny East African nation of around 887,000 people, is between Ethiopia, Eritrea, and Somalia.
♦ It also hosts US, French, and Japanese military bases, taking advantage of the country’s strategic location at the southern entrance to the Red Sea, near the Suez Canal.
♦ The US Navy maintains a sizeable expeditionary base, Camp Lemonnier, at Djibouti’s Ambouli International Airport.

BANKING & FINANCE
Airtel Payment Bank ties up with HPCL for ATM services
Airtel Payments Bank, India’s first payments bank has announced a strategic partnership with Hindustan Petroleum Corporation Limited (HPCL) on 1st of August 2017.
Key Points:
i. Under which 14,000 HPCL fuel stations will act as banking points for Airtel Payments Bank. 
ii. It also offer facilities such as opening of account, cash deposit and cash withdrawal to the payment bank’s customers.
iii. Airtel Payments Bank customers will also be able to make digital payments for fuel purchases across 14,000 HPCL fuel stations by using their mobile phones.
iv. These cashless payments can be made via smartphones (MyAirtel App) as well as feature phones (USSD).
v. There is no transaction fee for these digital payments
Airtel Payments Bank’s range of services include:
(a) Digital Banking: Paperless account opening using Aadhaar based e-KYC.
(b)The customer’s mobile number will be his/her bank account number.
(c)Interest rate of 7.25% per annum on deposits in savings accounts.
(d)Money transfer to any bank account in India (free money transfer from Airtel-to-Airtel numbers within Airtel Payments Bank).
(e)Free personal accidental insurance of Rs 1 lakh with every savings Account.
(f)Deposit and withdrawal facility across a wide network of Airtel retail outlets.

BUSINESS
India-Bhutan New Trade and Transit agreement come into force
The new bilateral Agreement on Trade Commerce and Transit between India and Bhutan came into force on 29th July 2017.
Key Notes:
i. The agreement was last renewed on 29th July 2006 for ten years.
ii. The validity of the same was extended (with effect from July 29, 2016) for one year or till the new agreement comes into force, through the exchange of diplomatic notes.
It aims to further strengthen the bilateral trade relations between both countries.
iii. The agreement provides for a free trade regime between the territories of India and Bhutan.
iv. The bilateral trade relations between India and Bhutan are governed by the Agreement on Trade, Commerce, and Transit.
v. It also provides for a duty-free transit of Bhutanese merchandise for trade with third countries.
vi. The new agreement was signed on 12th November 2016 by the Minister of State (IC), Ministry of Commerce and Industry on behalf of the Government of India.
vii. As per the pact’s provisions, it has come into force with effect from 29 July 2017, a date that was mutually decided by the two nations.


AWARDS & RECOGNITIONS
Mukesh Ambani becomes Asia’s 2nd richest person
Reliance Industries Chairman Mukesh Ambani has become Asia’s 2nd richest personannounced on 1st of August 2017.Ambani Net worth is $35.2 billion.
Key Points:
.He has overtaken Hong Kong business magnate Li Ka-shing to become Asia’s second-richest man.
ii. According to the Bloomberg Billionaires Index, Ambani’s wealth has seen a rise of $12.1 billion with the oil-to telecom conglomerate’s shares.
iii. LiKa-shing is the richest man in Hong Kong with a business empire that ranges from telecommunications to retail and port.
iv. Mukesh Ambani has announced the launch of the JioPhone. The phone is effectively free for buyers.
v. The buyers will have to pay a refundable security deposit of Rs 1,500 which will be returned to the consumers after a period of 36 months.
vi. According to government data Jio took just nine months after launching with a free introductory offer to rope in 117.3 million users and become India’s fourth-largest operator.

APPOINTMENTS & RESIGNS
 Sameer Garde named Cisco president for India, Saarc region
Tech giant Cisco has named Sameer Garde as President for its India and Saarc operations announced on 31st of July 2017.
Key Points:
i. Garde would join the company on 1st August 2017. He succeeds Dinesh Malkani.
ii. He will be responsible for Cisco’s senior-level external engagement, including those with government and industry associations

NITI Aayog Vice Chairman Arvind Panagariya resigns
Arvind Panagariya, the first vice-chairman of NITI Aayog announced his resignation from office on 1st of August 2017.
Key Points:
i. Arvind was considered to be Prime Minister Narendra Modi’s personal pick for economic reforms.
ii. He said he has written to Prime Minister Narendra Modi to relieve him of his duties by 31st August as he was not getting an extension of leave from Columbia University.
iii. He is an economist and a professor of economics at Columbia University.
ivPanagariya has earlier been the Chief Economist of the Asian Development Bank and a Professor of Economics and Co-director, Centre for International Economics, the University of Maryland at College Park.
v. He holds a Ph.D. degree in Economics from Princeton University and was a vocal supporter of Gujarat ‘model’ of development.
viPanagariya has also worked for the World Bank, International Monetary Fund, World Trade Organisation, and the United Nations Conference on Trade and Development (UNCTAD) in various capacities.
vii. He has also written and edited 10 books, his latest being India: The Emerging Giant, which was published in March 2008 by the Oxford University Press, New York.
Viii. The book has been described as the ‘a tour de horizon and a tour de force’ by Jagdish Bhagwati.
About NITI Ayog
♦ NITI Aayog or the National Institution for Transforming India is a Government of India policy think-tank established by the BJP government to replace the Planning Commission which followed the top-down model.
♦ Formed: 1 January 2015
♦ Headquarter : New Delhi

Lt.Gen. Abhay Krishna new Eastern Command chief
Lt General Abhay Krishna has appointed as the Chief of the Indian Army’s Eastern Command on 1st of August 2017.
Key Points:
i. Krishna succeeds Lt Gen Praveen Bakshi who has retired from service.
ii. He was currently serving as the Head of the Army’s Jaipur-based Southwestern Command.
iii. He has served four tenures along the Line of Actual Control on the northern borders and commanded an infantry battalion in Sikkim.
iv. He had also commanded an infantry division and a Corps in the Northeast.
v. He is a gallantry award winner in counter insurgency operations in Manipur and commanded Rashtriya Rifles Battalion in the Kashmir Valley.
vi. He had also served two tenures as UN observer in Mozambique and Rawanda and another in Burundi.
vii. He was responsible for planning operations as Brigadier General Staff of the Dimapur-based 3 Corps.
viii. The appointment of Krishna comes at a time when India is facing a stand-off with Chinese troops along the Sikkim sector.

SCIENCE & TECHNOLOGY
 Jeep Compass SUV launched in India
The all-new Jeep Compass SUV has been finally launched in India with prices starting at a very competitive Rs. 14.95 lakh for the entry-level Sport petrol and goes up to Rs. 20.65 lakh (ex-showroom) for the range-topping diesel.
Key Points:
i. The all-new Jeep Compass SUV will be offered in a total of three variants – Sport, Longitude and Limited.
ii. It will be available in both petrol and diesel engine options.
iii. The company has already secured bookings of over 5000 units and 38000 enquiries for Compass.
iv. It is available in 10 different variants and 5 colours. The Compass SUV is available in both 4X2 and 4X4 version.
v. The vehicle is powered by a 1.4-litre multi-air turbocharged petrol engine and 2 litremultijet Diesel engine.
vi. The Jeep Compass will be retailed out of 50 sales outlets including FCA and Jeep Destination store across 47 cities.

ENVIRONMENT
 Earth to warm 2 degrees Celsius by end of this century says Study
As per two different studies, using entirely different methods published in the journal Nature Climate Change, the global temperature is likely to rise more than 2 degrees Celsius by the end of this century.
i. One study used statistical analysis to show that there is a 95% chance that Earth will warm more than 2 degrees at century’s end, and a 1% chance that it’s below 1.5 Celsius.
ii. As per this study, the likely range of global temperature increase is 2.0-4.9degrees Celsius and the median forecast is 3.2 C.


SPORTS
 ICC Rankings: Ravindra Jadeja maintains Top Position, Virat stays 5th
According to the latest ICC Test Rankings Ravindra Jadeja maintained his top positionin the bowlers’ list while India skipper Virat Kohli remained stayed at fifth place in the batting charts released on 1st of August 2017.
Key Points:
i. In the batsmen’s rankings, Cheteshwar Pujara is the top-ranked Indian at the 4thposition while opener Shikhar Dhawan climbed 21 places to be ranked 39th.
ii. The batting list is being topped by Australia captain Steve Smith followed by England’s Joe Root and New Zealand’s Kane Williamson.
iii. In the bowlers’ chart, Ravichandran Ashwin replaced Sri Lanka captain Rangana Herath to claim the second spot back.
iv. Herath is third in the rankings. Pacer Mohammed Shami gained a place to be 23rd.
v. In the all-rounders’ list Jadeja and Ashwin also maintained second and third ranksrespectively.
vi. Bangladesh’s Shakib Al Hasan is still maintained at the top of the table.South Africa’s Vernon Philander to take fifth position in the list of all-rounders.
vii. England all-rounder Ben Stokes moved up 12 places to joint-25th position in the rankings for batsmen and also gained two places to reach 19th position.
viii. Jonny Bairstow has gained three slots to reach 9th position and Opening batsman Alastair Cook has moved up three places to 12th position.
ix. James Anderson up one place to joint-third and Moeen Ali up one place to 18th.

 Summer Olympics Host : Paris gets – 2024 , Los Angels – 2028
Paris will host the 2024 Summer OlympicsGamesLos Angeles will host the 2028 Summer Olympics after reaching a deal with Olympic organizers, the Los Angeles Times reported on 31st of July 2017.
Key Points:
i. The IOC welcomes this decision of the Los Angeles Olympic and Paralympic Candidature Committee.
ii. The Los Angeles Olympic and Paralympic bid committee in cooperation with the International Olympic Committee (IOC).
iii. IOC president- Thomas Bach


OBITUARY
Eminent Dhrupad singer Ustad SayeeduddinDagar passes away at 78
Ustad Hussain Sayeeduddin Dagar, one of the foremost exponents of the Dhrupad tradition, died on 30th of July 2017.He was 78.
KeyPoints:
i. Sayeeduddin Dagar was born in Rajasthan on 29th April 1939 and was part of the illustrious Dagar family of musicians.
ii. He was the youngest of the famous seven ‘Dagar Bandhus’ and had dedicated his life to keeping the Dhrupad tradition alive.
iii. His first guru was his father Ustad Hussainuddin Khan Dagar.Dagarwas also President of Dhrupad Society Jaipur and Pune.
iv. Ustad Sayeedudd in Dagar had performed at some of the most prestigious venues and festivals in India and abroad, including the Tansen Samaroh, Savai Gandharva, Dhrupad Samaroh.
v. He conducted workshops and interactive lecture demonstrations on Dhrupad in India and twice a year in Holland, Germany, France and Belgium.

IMPORTANT DAYS
Non-Cooperation Movement Day – August 1, 2017
The Non-cooperation movement was launched on 1st August 1920 by the Indian National Congress (INC) under the leadership of Mahatma Gandhi. It signified a new chapter in the history of Indian freedom struggle.
Key Points:
i. On his monthly “Mann Ki Baat” programmme, Modi said August was a month of revolution, the non-cooperation movement was launched on 1st August 1920, Quit India movement on 9th August 1942, and India became independent on 15th August 1947.
ii. He mentioned that this year’s 15th August should be celebrated as SankalpParv or the day of resolve and in 2022 marking 75 years of freedom, the nation would certainly transform into “siddhi”.
iii .The non-cooperation movement was a decisive step in the independence movement because for the first time, the INC was ready to forego constitutional means to achieve self-rule.
Features of the non-cooperation movement
(a) The movement was essentially a peaceful and non-violent protest against the British government in India.
(b) Indians were asked to relinquish their titles and resign from nominated seats in the local bodies as a mark of protest.
(c) People were asked to resign from their government jobs and People were asked to withdraw their children from government-controlled or aided schools and colleges.
(d) People were asked to boycott foreign goods and use only Indian-made goods and were asked to boycott the elections to the legislative councils and were asked not to serve in the British army.
(e) It was also planned that if the above steps did not bring results, people would refuse to pay their taxes.
(f) The INC also demanded Swarajya or self-government.
iv. The five years from 1942 to 1947 were decisive for country’s Independence, these five years from 2017 to 2022 must play decisive role for future. 
v. PM Modi added the younger generations must know about the history. The sacrifices of freedom fighters between years 1857 to 1942 inspire us to build great nation. The nation kept on fighting to uproot the British rule.

World breastfeeding week – August 1-7,  2017
World breastfeeding week 2017 is being celebrated from 1st to 7th August 2017 with the theme “Sustaining Breastfeeding Together”.
About World Breastfeeding Week (WBW):
i. World Breastfeeding Week (WBW) is an annual celebration which is being held every year from 1 to 7 August.
ii. It was first celebrated in 1992 by World Alliance for Breastfeeding Action (WABA) and is now observed in over 120 countries by United Nations Children’s Fund (UNICEF), World Health Organization (WHO) and their partners including individuals, organizations, and governments.
iii. Goal of WBW is to promote exclusive breastfeeding for the first six months of lifewhich yields tremendous health benefits, providing critical nutrients, protection from deadly diseases such as pneumonia and fosters growth and development