Thursday, 31 August 2017

Daily Update On Current Affairs - August 31, 2017

Current Affairs
Here's your daily summary of Current Affairs.

Almost 99% of demonetised notes back in system: RBI report 

The Reserve Bank of India in its annual report says that almost 99 percent of banned Rs 500 and Rs 1000 notes that were demonetised last November have returned to the system. In the report for 2016-17, the RBI said that out of 632.6 crore pieces of Rs 1,000 currency notes in circulation, 8.9 crore have not been returned post the note ban last November. The government had on November 8, banned old Rs 500 and Rs 1,000 notes in an attempt to weed out black money in the country.

Rains claim 10 lives in Mumbai

In Mumbai, at least 10 people were killed due to drowning and wall collapse after the deluge on the 29th August that sank the city and its satellite towns. While nine persons were washed away in separate incidents in Mumbai and the two adjoining districts, another man lost his life in a wall-collapse incident in Ghatkopar. The city is now limping back to normal after torrential rain swamped large parts paralysing road, rail and air services. Water levels in most parts of the city have now subsided and rail and road traffic are slowly getting back to normal. There was a respite for Mumbaikars yesterday as the city did not witness much rainfall.

Government announces major reform initiative in the army

Government has decided to carry out a series of reform initiatives in the Indian Army, including the restructuring of around 57,000 posts of officers and other staff. Defence Minister Arun Jaitley told media in New Delhi today that 65 out of 99 recommendations of the Shekatkar Committee pertaining to army have been accepted. "Government in consultation with Indian Army has been going through these recommendations and the first batch of 65 recommendations has been accepted by the government. The concerned order will be passed and these have to be all operationalised by the end of 2019. So, the operationalisation begins now." The panel was appointed to recommend measures to enhance combat capability of the armed forces.

Hajj Pilgrims converge in Mina

Millions of Muslims from across the world are converging on tent city of Mina in Saudi Arabia, as the five-day Haj pilgrimage began today. They will spend the night there and move towards plains of Arafat at dawn on the 31st August for the day's main ritual of Haj-reciting prayers. The pilgrims will spend the day there praying. Nearly 1,70,000 pilgrims from India are performing Haj this year.

US urges Pakistan to take decisive action against terrorists

The US has said that it is necessary that Islamabad take decisive action against Pakistan based terror groups. A State Department spokesperson told PTI that US values its cooperation with Pakistan and wants to see it continue. However, it is vital to US interests that Pakistan prevent terrorist sanctuaries that are a threat to the region. The comments came as the National Assembly passed a resolution opposing US President Donald Trump's move to give more space to India in Afghanistan in his new strategy for the war-torn country.

U.S. conducts missile defence test off Hawaii

The U.S. Missile Defence Agency (MDA) and the Navy successfully conducted a missile defence test off the coast of Hawaii, the former said in a statement on August 30. The test, scheduled well in advance, was done from USS John Paul Jones and comes a day after North Korea fired a ballistic missile over Japan. The test, using Standard Missile-6 guided missiles, intercepted a medium-range ballistic missile target. 

Uttar Pradesh government to provide financial assistance

Uttar Pradesh government will provide financial assistance of 15,000 rupees per month and maximum 10 lakh rupees in a year to those who will begin startups. Chief Minister Yogi Adityanath said government will sign a MoU with SIDBI regarding this within a fortnight. Inaugurating the Startup Yatra programme in Lucknow, the Chief Minister said, the government will launch a mobile application and also start a call centre for startups. He also said, his government will implement one district, one product policy to create more employment opportunities.

BSNL takes new initiatives in Assam

In Assam, public sector telecom operator BSNL has taken initiatives to expand the network in rural areas. Chief General Manager of Assam sector MK Seth said, 1500 villages will be connected through optical fibre network within this year under Digital India programme. He said around 4000 kilometres optical fibre network has already been laid in the state by BSNL. Mr. Seth said, 100 wi-fi hot spot zones at rural areas will be established next month in the state. He said, the flood has created severe problems in the state this year, however, BSNL will go ahead with the proposed plans.

Cabinet approval for increase in Cess on Luxury Cars

The Union Cabinet on Wednesday approved promulgation of an Ordinance that would allow the GST Council to hike the maximum rate of compensation cess on large and luxury vehicles to 25 percent from the current cap of 15 percent. Briefing mediapersons after the Cabinet meeting, Finance Minister Arun Jaitley said this was only an “enabling Ordinance” and the decision to increase the cess would be left to the GST Council. "There are 12 different categories of automobiles, of which two are affected by today's decision," he said. In an earlier meeting on August 5, the GST Council had approved raising cess on SUVs, mid-sized, large and luxury cars, which had become cheaper following implementation of GST from July 1.

Currency printing cost more than doubles to Rs 7,965 crore

The annual report of RBI also mentions that the central bank spent Rs 7,965 crore in 2016-17 (July-June) on printing notes. This was more than double the previous year’s expense on the printing account, which was just Rs 3,420 crore. The re-monetisation exercise undertaken by the government where it pumped money in the form of new Rs 2,000 notes and new 500 notes, as well as the logistical exercise of airlifting them to various centres, had caused this sharp increase in expenses.

Govt rules out cutting taxes on petrol, diesel

Oil Minister Dharmendra Pradhan today ruled out cutting taxes on petrol and diesel to cushion the impact of rising international oil prices that has led to petrol rates increasing by over 6 per litre since the beginning of July. State-owned oil companies in June dumped the 15-year old practice of revising rates on 1st and 16th of every month and instead adopted a dynamic daily price revision to instantly reflect changes in cost. Rates during the first fortnight dropped but have since July 3 been on the rise. While petrol prices have increased by 6.08 to reach Rs 69.12 a litre in Delhi, the highest since August 2014, diesel rates have risen by Rs 3.65 to Rs 57.01. That situation has not come where we should relook at tax structure, Mr. Pradhan said. 

ISRO all set to launch navigation satellite IRNSS-1H

Indian Space Research Organisation (ISRO) is all set to launch its navigation satellite IRNSS-1H on the 31st August. The satellite will lift off at 7 PM from the second launch pad of the Satish Dhavan Space Centre at Sriharikotta, on board the rocket PSLV C39. The 29-hour countdown for the mission that began at 2 PM yesterday is progressing smoothly. The satellite IRNSS-1H is a part of the indigenous navigation system called ‘NavIC,’ that was initially planned to have a constellation of seven satellites. As the rubidium atomic clocks of the first satellite in the series called IRNSS-1A malfunctioned, the eighth one is being launched today to take up its mantle.

Bangladesh wins its first ever Test against Australia

Bangladesh spun their way to their first Test victory over Australia on Wednesday, with Shakib Al Hasan's second five-wicket haul of the match securing a memorable 20-run win inside four days at the Sher-e-Bangla National Stadium. Overnight batsman David Warner struck a belligerent 112 and added 130 runs with skipper Steve Smith but their efforts were in vain as the hosts took a 1-0 lead in the two-match series. Chasing 265 to win, Australia lost five wickets in an eventful morning session, and whatever hopes they had were snuffed out when Shakib bowled Glenn Maxwell with the first delivery after the lunch break.

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Wednesday, 30 August 2017

How to Prepare For IBPS English Exam 2017?

IBPS English

IBPS English section is the one of the most important and easily scoring section of IBPS Clerk Exam which can be cracked easily if one knows all the application of the grammar rules. Generally, IBPS candidates take IBPS English section for granted but they should know that a through practice is required to crack IBPS English of 2017. 

While preparing for IBPS English section of 2017, candidates are unsure of which topics to focus on. In this post, we will discuss topics on which you are supposed to focus on when preparing for IBPS English section of 2017.

The IBPS English section is divided into 4 categories: 

1. Comprehension: 
A comprehension passage in IBPS English section of 2017 will consist of approx 1000 words. An average candidate can read about 250 words per minute. That indicates that you are supposed to read the entire passage within 4 minutes. To do that you need to have the English Language reading fluency. Reading fluency means that you can read the passage and understand it well, all within 4 minutes. 

IBPS English paper last year contained 7 questions from the comprehension section. This indicates that you cannot skip it as it has a huge weightage. It’s important for you to work on the comprehension section of IBPS Clerk 2017 and prepare well for it. 

2. Jumbled Sentence: 
There are 5 questions asked every year from the topic of the jumbled sentences. It’s the standard practice. If you practice well for the comprehension section, then you can easily score in jumbled sentences. Make sure that you read well and understand the sentence construction so that you can crack the IBPS English section of 2017 easily. 

3. Close Passage: 
There were about 8 blanks given in the IBPS English paper last year. Close passages questions can be answered easily if you understand the meaning of the context and the words. To understand them, you need to read a lot and learn new words daily. Learning minimum 10 new words daily will help you boost your score in IBPS English section. 

English is a not a language that you can learn in just 2 days. English requires regular practice and learning. Solve as many close passages questions as you can. This will help you answer close passage questions in IBPS Exam easily. 

4. Spot the error: 
Spot the error questions are asked every year. Around 10 questions from this section are asked. Spot the error questions cover the entire grammar syllabus of English language. It is extremely important for you to know all the grammar rules and structures. The spot the error questions can be asked on pronouns, tenses, subject-verb agreement, articles, conjunctions, word class, noun, verb etc. Hence, it is important for you to learn all the grammar rules. 

Solve the below spot the error question and leave your answer in the below comment section. 

1. It so happens that this happy campy ritual is their way of life and one into which they don't particularly welcome voyeuristic intrusions.

a) It so happens that this happy campy ritual is their
b) way of life and
c) one into which they
d) don't particularly welcome voyeuristic intrusions
e) No error

To practice more IBPS English Questions, Join TalentSprint Now! 

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5 Things To Do Before Your IBPS Prelims Exam

IBPS Prelims Exam

The Institute of Banking Personnel (IBPS) conducts an Examination to recruit candidates as clerks in various public sector banks in India. According to the IBPS Clerk Notification released, IBPS Prelims 2017 begins on 2nd December. With just a few days away from IBPS Prelims Exam, it is important for you to do these 5 things right before the exam to ensure that you crack IBPS Prelims 2017 easily. 

1. Revise and Recall all Important Formulas, Concepts, and Theories

3 to 4 days before the IBPS Prelims exam, revise all the important formulas and ensure that you understand all the concepts well. Unless you revise the formulas, you will not remember them during the exam. Go through your study material and notes, revise from them and get ready to attempt IBPS Prelims Exam.

2. Keep all your documents ready

Last minute preparation always creates a havoc. It is important for you to be all set for the IBPS Prelims prior to the examination. Collect all your ID proofs, photographs and print out your admit card and keep them in your bag. Get all your documents right. This step will ensure that you don’t have to worry about these right before the exam.

3. Plan your attempt order

It is necessary for you to plan your IBPS Prelims Exam attempt order. You should know your strengths and weakness. This will help you to plan your order in which you want to attempt your IBPS prelims exam. It is advisable that you start with your strengths and attempt your weak questions/sections later. This will help you save a lot of time and help you attempt a higher number of questions in IBPS Prelims.

4. Avoid any last minute preparation

It is best that you avoid any last minute preparation. Never start a new topic or refer to new study material right before the IBPS Prelims exam. This will confuse you and leave you stunned rather than help you prepare for the prelims of IBPS Clerk.

5. Get adequate sleep the night before

Studies have proven that a candidate who is stress-free and more relaxed performs better in IBPS Prelims Exams than the candidate who doesn’t sleep well and is stressed out. This is the last but the most important thing that you do before the exam. Get a good night's sleep. 

To avoid any last-minute rush, it is best that you start your IBPS Clerk preparation right away. Download our free ebooks that will help you prepare for IBPS Prelims without any hindrances. 
IBPS Prelims Exam
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Daily Update On Current Affairs - August 30, 2017

current affairs

Here's your daily summary of Current Affairs.

Rains Bring Mumbai to its Knees

Normal life in Mumbai was thrown out of gear following torrential rains which are likely to continue on 30th August, according to forecast. According to the Indian Meteorological Department (IMD), Mumbai recorded 102 mm of rainfall and the suburbs of the city saw a staggering 316 mm rainfall between 8.30 am and 8.30 pm on 29th August, IANS reported. However, stock markets in the country's financial capital will remain open on 30th August, leading exchanges BSE and NSE said. Officials at both BSE and NSE told several of their employees were still at the office as they could not go home because of the heavy rains. Rain and strong winds battered Mumbai disrupting rail, road and air services, uprooting trees, swamping homes, and bringing the mega polis and satellite towns to their knees. However, no casualties have been recorded so far. The lifelines of Mumbai local train and bus services were paralyzed by the rain.

Kudankulam first reactor synchronised with Southern Grid

Having successfully completed the scheduled second fuel outage recently, KKNPP's first reactor was synchronised with the Southern Grid at 6.37 am on Tuesday. After achieving 800 MW power generation capacity within the next 48 hours, the reactor will be stopped for mandatory tests. On getting the Atomic Energy Regulatory Board's nod, power generation in the reactor will be increased to its maximum capacity of 1,000 MW. The first reactor was generating 300 MW when it was synchronised with the grid.

Russia’s Central Bank launches one of the biggest bailouts

Russia's central bank launched one of the biggest banking bailouts in its history on 29th August, saying it would rescue troubled private lender, Otkritie which has suffered a sustained run on its deposits, amid worries about its loan portfolio. The central bank said it planned to tap its own funds in order to become a major investor in Otkritie, the country's seventh-biggest bank by assets according to Interfax data. The bailout is likely to stoke anxiety about the wider state of the Russian banking sector, fueling speculation that other big banks may have similar problems. It also raises questions about the central bank's supervisory performance. Otkritie is the country's largest private lender by assets, according to the second-quarter data from Interfax, and some of its shareholders are connected to major state entities, a fact that prompted some analysts to believe it was too big and influential to be allowed to fail.

North Korea fires missile over Japan  

Nuclear-armed North Korea said that it had fired a missile over Japan on the 29th August, the first time it has ever acknowledged doing so. The launch represented a major escalation by Pyongyang in the face of tensions over its weapons programs, which have seen it threaten to send a salvo of missiles towards the US territory of Guam and prompted President Donald Trump to warn of “fire and fury”. Shortly before the North Korean statement, Mr. Trump said that “all options” were on the table, reviving his implied threat of pre-emptive US military action, just days after congratulating himself that North Korea's Kim Jong-Un appeared to be "starting to respect" him by holding off on missile firings.

Pakistan suspends talk with the USA

Pakistan has suspended talks with the U.S. administration and deferred official bilateral visits in protest against U.S. President Donald Trump’s policy review speech, in which he alleged Taliban sanctuaries in Pakistan. Two leading English dailies, Dawn and Express Tribune, quoted sources from an in-camera session of the Senate on Monday in which Foreign Minister Khawaja Asif informed the members about the suspension. Last week, Mr. Asif deferred his planned U.S. visit after Mr. Trump’s speech. Pakistan’s Foreign Office also asked the U.S. administration to reschedule the visit of Assistant Secretary of State Alice Wells and another delegation led by the advisor to White House on South Asian affairs, Lisa Curtis till a mutually convenient time.

Lockheed Martin Offers to Export F-16 Jets from Proposed India Facility

Lockheed Martin is closing in on an international deal for F-16 fighter planes, and has offered to eventually build all the jets at a proposed plant in India if it wins a bigger order to supply the Indian Air Force (IAF), a top executive said. The U.S. defence giant and Sweden's Saab are in a two horse-race to equip the IAF with at least 100 single-engine jets that have to be produced locally under Prime Minister Narendra Modi's 'Make-in-India' plan. Randall L. Howard, who leads F-16 business development, said Lockheed is offering to make India the sole F-16 production centre, so eventually it will make the planes not just for India, but also for other countries.

Commerce Ministry Formulating New Industrial Policy

The Commerce Ministry on 29th August said it has started a process to formulate a new industrial policy, expected to be released in October, which is aimed at making India as a global manufacturing hub. The Department of Industrial Policy and Promotion (DIPP), under the ministry, said that since the announcement of last industrial policy in 1991, India has transformed into one of the fastest growing economies in the world. "With strong macroeconomic fundamentals and several path breaking reforms in the last three years, India is equipped to deploy a different set of ideas and strategies to build a globally competitive Indian industry. The new policy will subsume the National Manufacturing Policy," it said in a statement.

Bank of Baroda changes timings of administrative offices

The public sector bank BoB has decided to open its administrative offices across the country for business, earlier by an hour than the branches & service outlets in business district areas. In a circular to all branches/offices, it said that the work timings of its administrative offices have been changed to 9am to 4pm with effect from September 18. This is inclusive of the recess period of 30 minutes from 1pm to 1.30pm. The offices for which the revised timings are applicable are as follows: Head office, corporate office, zonal offices, regional offices, zonal inspection and audit divisions, SME Loan Factories, specialized mortgage stores, back offices, Baroda Academies and Apex Academy, and the government business department, New Delhi.

Ashish Chauhan to continue as CEO of Bombay Stock Exchange

The Bombay Stock Exchange has informed that its current CEO Ashish Chauhan will continue to be the CEO for another period of 5 years. He had joined the BSE as its Deputy CEO in 2009.
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Tuesday, 29 August 2017

How to Pay IBPS Exam Fees Online? Step by Step Guide

IBPS Exam Fees

With the country moving towards the dream of Digital India, everything from small purchases to big payments is now made online. IBPS has extended that facility to IBPS Exam Fees Payment as well. IBPS PO 2017 applicants can now pay their IBPS application fees online via digital mode i.e. using their debit/credit cards. The last date to pay the IBPS PO Exam fees is 05.09.2017.

IBPS Exam Schedule

IBPS PO 2017 - Fees Details

Rs. 100/- for SC/ST/PWD candidates.
Rs. 600 /- for all others.

IBPS PO 2017 – Things to Remember Before Paying the IBPS Exam Fees Online

  1. Please note that you must keep the debit/credit card and the necessary details handy before you register for the IBPS PO 2017 Exam.
  2. Not more than one application should be submitted by the IBPS aspirant. In case of multiple applications, only the latest valid (completed) application will be retained and the application fees paid for the other multiple registrations will stand forfeited.
  3. Online applications once registered will not be allowed to be withdrawn and the IBPS PO application fees once paid will not be refunded nor be held in reserve for any other examination.

IBPS PO 2017 - Mode Of Payment of IBPS Exam Fees

Candidates have the option of making the payment of IBPS PO Exam through the ONLINE mode only. Payment of fees for IBPS PO Exam 2017 can be done online only and no other form of payment would be accepted.

How to Make Online Payment using Debit/Credit Card for IBPS?

Follow the steps below to easily pay your IBPS Exam fees online:

Step 1. At Institute of Banking Personnel Selection (IBPS) official website,, after you submit your application form, click on payment button, it will redirect you towards a payment form.
Step 2. In the payment form screen, you will be asked to pay your IBPS exam fees using any payment options such as debit card or credit card.
Step 3. If you want to go through debit card, select the debit card option from the left and fill in the respective fields. If you want to pay IBPS Fees online using a credit card, choose the credit card option.
Step 4. Enter your debit/credit card number and CVV number (3 digits) given at the back of your card, card expiry date, name on the card, and your i-pin number or password.
Step 5. Make sure that all the entered details are correct before final submission.
Step 6. If the online transaction has not been successfully completed, then you will be asked to log in again and make corrections in the required fields.
Step 7. On successful completion of the transaction, an e-receipt will be generated. The candidates are advised to save a copy of this receipt.

If you want to pay your fees some days later, then carefully save the page and logout from the IBPS website. Secure the generated registration number and password you are given at the time of registration. Use these credentials whenever you wish to pay your IBPS fees but make sure it is before 5th Sept.

Hope we have answered all your questions on How to Pay IBPS Fees online. Get started with your IBPS PO Preparation since we have less than 40 days left for the IBPS Prelims to begin.
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Daily Update On Current Affairs - August 29, 2017

Here's your daily summary of Current Affairs.

Stand-off at Doklam ends as both sides withdraw troops 

Over two month long Doklam stand-off has ended as both India and China have withdrawn their troops from the area. India has said, the process of disengagement of border personnel at face-off site in Doklam has been completed under verification. Responding to the queries on the understanding of disengagement at Doklam, External Affairs Ministry spokesperson Raveesh Kumar yesterday said, India has always maintained that differences on such matters can be addressed only through diplomatic channels. He said it has been India's principle position that agreements and understandings reached on boundary issues must scrupulously be respected.

Ministry of Textiles to organize Pan India camps from 7th-17th October

Ministry of Textiles has decided to organize Pan India camps in handlooms and handicrafts clusters, under the initiative-Hastkala Sahyog Shivir. According to an official release, the camps will be organized during 7th to 17th of October this year. This initiative is dedicated to Pandit Deendayal Upadhyay Garib Kalyan Varsh, the birth centenary year of Pandit Deendayal Upadhyay. In these camps, services including credit facilities through MUDRA scheme, assistance for technological upgradations under Hathkargha Samvardhan Sahayat and distribution of modern tool kits and equipment will be provided to the weavers and artisans.

Dera Sacha Sauda chief, Gurmeet Ram Rahim Singh sentenced to 20 years in jail for two rape cases

Dera Sacha Sauda chief, Gurmeet Ram Rahim Singh has been awarded 20 years in jail by the special CBI judge for two rape cases. Defence lawyer S K Garg Narwana said, CBI Judge Jagdeep Singh pronounced two sentences of 10 years rigorous imprisonment in each of the two cases that date back to 2002. He said the sentences will run consecutively. The Court also fined the Dera chief 15 lakh rupees in each of the two cases, of which, 14 lakh rupees would go to the each two rape victims who were part of his sect. The defence counsel sought leniency from the court arguing that the Dera chief was active in social work and had health issues. He said they will appeal against the sentence in the High court. The sentence was passed in a special courtroom set up inside the Sunaria jail in Rohtak where the 50-year-old self-proclaimed godman, is lodged since last Friday after he was convicted. Media reports say he broke down and begged for forgiveness with folded hands when the sentence was passed.

Government launches India’s first Videsh Bhavan in Mumbai

The Government of India has brought all external affairs related departments like passport office and allied departments under a single roof in the Bandra Kurla Complex (BKC) in Mumbai. Under this pilot project, four Regional Passport Offices, four offices of the Ministry of External Affairs, the offices of the Protector of Immigrants were brought under one roof in the swanky new building in BKC.

Swiss President to pay a three-day visit to India

Swiss president Doris Leuthard will pay a three-day visit to India beginning 29th August 2017. During the visit, both sides will hold extensive talks on the entire gamut of bilateral relationship including ways to ramp up trade and investment ties. The ministry of external affairs, MEA, said in New Delhi that Leuthard will meet President Ram Nath Kovind and hold talks with Prime Minister Narendra Modi. In the talks, the Indian side may raise the issue of black money stashed by Indians in Swiss banks. Vice President of India will call on Swiss President. Minister of External Affairs and other Ministers will also make separate calls on Swiss President.

DIPP releases next edition of consolidated FDI policy

The Commerce and Industry Ministry has released the next edition of its consolidated FDI policy document, incorporating all the changes made over in the past year. The Department of Industrial Policy and Promotion, DIPP said, the new circular will take effect from the 29th August 2017. The consolidated policy is a compilation of the various decisions taken by the government in the past one year. The DIPP, which deals with FDI related matters, compiles all policies related to foreign investment regime into a single document to make it simple and easy for investors to understand.

ICEX launches world’s first diamond futures contract

The Indian Commodity Exchange has launched the world’s first diamond futures contract, thus giving the diamond exporters a tool for hedging. The futures contract will enable diamond traders to offer better hedging pricing risks to their customers. SEBI has approved the ICEX to commence futures trading in diamonds.

Government bans import of gold and silver from South Korea

The Central Government has banned the import of gold and silver from South Korea with immediate effect. These restrictions have been placed because of a sudden surge in the imports of the metals from South Korea in the recent times. India has a Free Trade Agreement (FTA) with South Korea. Now, the importers will have to take a license from the Director General of Foreign Trade for importing gold and silver from South Korea.    

Researchers develop bio sensors to detect kidney disorders

Researchers in the IIT, Mumbai has developed a bio sensor which will help in detecting kidney disorders in eight minutes. The bio sensor can detect both the Ph content and urea content with a single drop of urine. This accurate test will determine whether both the kidneys in the patient are functioning normally or not. The discovery is hailed as a path breaking in the field of medicines.

Justice Dipak Misra was sworn in as 45th Chief Justice of India

Justice Dipak Misra has sworn in as the 45th Chief Justice of India on the 28th August 2017. President Ram Nath Kovind administered him the oath of office at a function at Rashtrapati Bhavan. Justice Misra will succeed J S Khehar, who retired yesterday. Justice Misra will have a tenure of nearly 13 months.

National Sports Day - August 29th

The 29th August is observed as the National Sports Day. The day is celebrated on 29th August every year to mark the birthday of a legendary hockey player Dhyan Chand. To celebrate the day various programs are being conducted throughout the country. On this occasion, President Ram Nath Kovind will give the Sports Awards in the evening. A total of 29 players have been selected to receive the honour from the President. The President will confer Rajiv Gandhi Khel Ratna Award, Arjuna Award and Dronacharya Award at Rashtrapati Bhavan.
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Monday, 28 August 2017

Daily Update On Current Affairs - August 28, 2017

Current Affairs

Here's your daily summary of Current Affairs.

Sedition charges against security men of Dera Chief

Sedition and attempt to murder charges have been slapped against seven people, including five Haryana police personnel, who were part of the Dera Sacha Sauda chief’s security paraphernalia when he arrived at Panchkula to appear in a CBI court on August 25, 2017. “Sedition charge has been slapped against seven people, including five Haryana police personnel,” Karambir Singh, Inspector, Panchkula Police (Sector-5), said on August 27, 2017. They had also been charged for attempt to murder, he added. The seven security personnel of Gurmeet Ram Rahim Singh had allegedly tried to free him when the self-styled godman was brought outside the Panchkula Court complex on August 25, 2017, after the special CBI court convicted him in a 15-year-old rape case, the police said.

Government wants to replicate Ujjwala success in all schemes

The Pradhan Mantri Ujjwala Yojana (PMUY) - the scheme to give free LPG connections to the poorest households - was termed a game changer for the ruling party in Uttar Pradesh because of its popularity as a pro-poor move. Now, the Modi government wants to replicate its success for all the other welfare schemes, especially the ones implemented by the Rural Development Ministry. The PMUY owes much of its success to the data provided by the Socio-Economic Caste Census 2011 or SECC that helped the Petroleum Ministry, along with the State governments, accurately identify the households in need of an LPG connection.

Army seeks Rs 20000 Cr for new orders

As part of the efforts to build up emergency reserves of spares and ammunition, the Army has sought 20,000 crore from the Ministry of Defence (MoD). This comes at the same time the MoD has sought 20,000 crore more to meet its financial requirement. The Armys request is meant to meet the procurement being made under the emergency powers of the Vice-Chief of Army Staff. “We are looking at making up for the deficiencies in phases, which will take several years. We have asked for 20,000 crore for the next round of orders. The file has been sent to the MoD,” a senior officer told. The Vice-Chief of Army was recently given unlimited financial powers to make emergency purchases so as to make up critical deficiencies in 46 types of ammunition and spares for 10 types of weapons to build stocks for 10 days of intense fighting. The decision was part of a review of defence preparedness after the Uri terror attack.

American Warship Pearl Harbour arrives in India

On the 24th August 2017, the American Navy’s amphibious dock landing ship USS Pearl Harbour arrived at Goa Port. This is the ship’s first visit to India. The ship is here as part of the defence cooperation between the USA and India. The ship’s marines and engineers will conduct exchange programmes with their Indian counterparts during their stay here.

New CEO for Uber

Uber Technologies Inc. on Sunday hired Dara Khosrowshahi, the chief executive of travel company Expedia Inc, as its new chief executive, according to two sources with knowledge of the matter, handing him the challenge of leading the ride-services company out of a nearly year-long crisis. Khosrowshahi, 48, will take on the daunting task of mending Uber's image, repairing frayed relations among investors, rebuilding employee morale and creating a profitable business after seven years of losses. He will also have to contend with the legacy of his predecessor, Travis Kalanick, Uber's pugnacious co-founder, who was ousted as CEO in June after shareholders representing about 40% of the company's voting power signed a letter asking him to step down amid growing concern over his behavior and the behavior of senior managers under him.

Hurricane Harvey wreaks havoc in Houston

Hurricane Harvey, the most powerful to hit the United States in 13 years, left a trail of destruction as it swept across Texas on Sunday, pummeling the region with heavy rains and claiming at least two lives since making landfall on the US’ Gulf Coast. Harvey continued to batter Texas as rescuers grappled with heavy rains to reach out to people stranded due to the hurricane. With winds topping 130 mph, Harvey is the first Category 4 storm to make landfall in the US since Hurricane Charley struck Florida in 2004, and the first to hit Texas since Hurricane Carla in 1961.

Centre ready to give funds for PSU Banks merger

The Finance Ministry is open to providing capital support for facilitating consolidation among state-owned banks, which are reeling under mounting bad loans, official sources said. The Union Cabinet has approved the setting up of an alternative mechanism, or a panel of ministers, to decide on consolidation proposals for state-run banks. On receiving a proposal from stressed banks, if the Ministerial panel finds that the merger is going to create a strong bank, it will not let it go for want of fund shortage, the sources said, adding that acquisition will come at a cost. “First, the merger proposal should come from the board,” said a source, who did not want to be named.

Government notifies changes in Banking Regulation Act

The Govt has brought about changes in the Banking Regulation Act to enable RBI to invoke provisions to recover Bad Loans. The Banking sector is burdened with NPAs to the extent of over Rs 8 lac cr out of which Rs 6 lac cr is with the PSU Banks. The RBI has identified 12 such large NPAs for referral under the Bankruptcy Law. 

IRDAI launches central data base of insurance sellers

The Insurance Regulatory Development Authority of India has launched a central data base of all insurance sellers in the country called “Envoy." This data base ensures that any channel of sales persons in the industry, in which ever category they fall, do not work for multiple insurance companies, as this is banned by IRDAI.

Sindhu loses World Championship final gallantly

P.V. Sindhu’s gallant effort to become India’s first ever World Champion ended in a heart- wrenching defeat against Nozomi Okuhara in an epic final, in Glasgow on 27th August 2017. In a nerve-wracking final, which tested the physical and mental strength of both the players, Sindhu lost 19-21 22-20 20-22 after battling hard for one hour and 49 minutes. After closing the second game by winning an incredible 73-shot rally, Sindhu saved one championship point in the decider but it was the Japanese who had the last laugh. Nevertheless, Sindhu fought like a true champion and kept her promise that she would strive to change the colour of her medal, having won two bronze from past editions. Although she would have hoped for a gold, which no Indian has even won at the World Championship. 

Lewis Hamilton wins Belgian Grand Prix, his 200th

Lewis Hamilton celebrated his record-equaling 68th pole position with victory at the Belgian Grand Prix on 27th August trimming championship leader Sebastian Vettel’s lead to seven points. Vettel finished second, about 2 seconds behind Hamilton. “Sebastian was very, very close. He was very consistent throughout,” said Hamilton, after his 200th GP. “That’s what racing’s about.” “Really brilliant,” Mercedes head of motorsport Toto Wolff said. “Hamilton’s drive was really fantastic.”
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