Ibps August 2017
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The document provides various news headlines and summaries on topics ranging from politics, business, sports and more. Some key points include: Delhi Metro being declared the world's first green metro; Lok Sabha passing a bill to raise NABARD's capital; the Union Cabinet approving a proposal to allow NRIs to vote through proxy; and Sebastian Vettel winning the 2017 Hungarian Formula One Grand Prix. It also mentions the RBI paying a lower dividend to the government due to lower profits post demonetization.
Ibps August 2017
- 1. Delhi Metro declared as world’s first green metro Managing Director of DMRC(Dehi Metro Rail Corridor) is Mangu Singh GOI enters into 9 Unilateral Advance Pricing Agreements (UAPAs) with Indian taxpayers in July Through Central Board of Direct Taxes (CBDT), a statutory authority functioning under the Central Board of Revenue Act, 1963 Scheme endeavors to provide certainty to taxpayers in the domain of transfer pricing by specifying the methods of pricing and determining the Arm’s Length Price of international transactions in advance for a maximum period of five future years. The international transactions covered in these nine APAs include provision of software development services, engineering design services, distribution, contract manufacturing, etc. 2017 Hungarian Formula One Grand Prix won by - Sebastian Vettel MCX, Mahindra Agri sign MoU for agriculture related price information Russia asks 755 US diplomats to leave country following American sanctions Lok Sabha Passes Bill to Raise NABARD’s Capital to Rs30,000 crore from the present Rs.5000 crore Under National Bank for Agriculture and Rural Development (Amendment) Bill, 2017 Also, RBI’s share will be transferred to the central government to remove the conflict in RBI’s role NRI’s PERMITTED TO VOTE THROUGH PROXY The Union cabinet has recently approved proposal to change the electoral laws to allow NRIs to vote in the Lok Sabha and assembly elections through a proxy 19th Round of the RCEP Trade Negotiating Committee meeting at the technical level was held at Hyderabad. Regional comprehensive economic partnership (RCEP)
- 2. The RCEP is billed as an FTA between the 10-member ASEAN bloc and its six FTA partners — India, China, Japan, South Korea, Australia and New Zealand. India, Pakistan had talks on hydropowerprojects under Indus Waters Treaty India and USA will be co-hosting the Global Entrepreneurship Summit (GES) at Hyderabad in November, 2017 Swachh Survekshan 2018’s anthem ‘Swachhata Ki Jyot Jagi Hai’ released Swachh Survekshan-2018 launched to assess sanitation in all 4,041 cities and towns of the country Assesment to be based on based on infrastructure development for improved sanitation services and their sustainability, outcomes, citizen connect and visible impact on ground. launched by Minister of Housing and Urban Affairs New Trade and Transit agreement between India and Bhutan comes into force World's longest pedestrian suspension bridge launched by – Switzerland HDFC Bank Launches All-in-one PoS Machine Banks to Pay 3% IGST on Gold Imports Dhanlaxmi Bank, DHFL Pramerica Tie up for Bancassurance LPG prices to be hiked by Rs 4 per month ordered by - Union Government Karnataka signs MOU with Microsoft
- 3. Karnataka Agriculture Department has signed an MoU with Microsoft India to develop a unique “farm price forecasting model” using latest IT tools in a bid to help farmers, administrators and other stakeholders to understand the market behaviour in advance e-RaKAM portal for selling agricultural producelaunched by GOI a digital initiative that aims to bring together the farmers, PSUs, civil supplies and buyers on a single platform to ease the selling and buying process of agricultural products. With the help of the platform, various crops whose price increases due to rainfall or bad weather conditions will be managed and get the market GOI set to launch its second ETF (Exchange Traded Fund) -Bharat 22 The ETF will comprise 22 stocks including those of central public sector enterprises (CPSEs), public sector banks and GOI’s holdings under the Specified Undertaking of Unit Trust of India (SUUTI) Exchange Traded Funds are index funds that offer the security of a fund and liquidity of stock. Much like index funds they mirror the index, commodity, bonds or basket of assets Rs 100cr corpus to study& find permanent solution to flood problem in North-East announced by PM The Seven Sister States are the contiguous states of Arunachal Pradesh, Assam, Meghalaya, Manipur, Mizoram, Nagaland, and Tripura in northeastern India. PM announces Rs2,350-crore flood relief for North-East Christopher Wray appointed FBI Director Mukesh Ambani Becomes Asia’s Second-RichestPerson Agreement on transfer of sentenced persons signed between India and Somalia Capital of Somalia is Mogadishu.
- 4. President of Somalia is Mohamed Abdullahi Mohamed. Sanjaya Baru appointed as Secretary General of FICCI Federation of Indian Chambers of Commerce and Industry (FICCI) Airtel Payment Bank ties up with HPCL for ATM services East Bengal honours Dhanraj Pillay with 'Bharat Gaurav' ASI protected monuments to be declared Polythene Free Zones by the Archaeological Survey of India Opposition’s demand to remove NOTA in Gujarat Rajya Sabha polls rejected by - Election Council Mohammad Mustafa appointed as CMD of SIDBI Small Industries Development Bank of India (SIDBI) China opens its first overseas Military base in Djibouti Compulsory retirement for non-performing teachers & officials above 50 declared by - Bihar Government NCLT Approves Airtel-Telenor Merger India Signs USD 329 Million Loan Pact With AIIB for Gujarat Road Project Asian Infrastructure Investment Bank (AIIB) US- India Strategic Partnership Forum (USISPF)is being set up to enhance business relations between India and US NABARD (Amendment) Bill, 2017 passed by - Lok Sabha
- 5. NASA working towards completion of NISAR mission by 2021 with ISRO India’s first ever Heli-taxi service launched by Bangalore Ashok Gajapathi Raju Pusapati is current Minister of Civil Aviation. Kotak Mahindra Bank launched Kotak Remit — an Aadhaar-based integrated outward forex remittance solution for both customers and non-customers Online portals MahaDBT, MahaVASTU launched by - Maharashtra Government MahaDBT portal: Aadhaar-authenticated electronic mechanism that will enable direct transfer of benefits for over 40 schemes currently implemented. MahaVASTU portal: Online building permission management system, through which construction approvals will be sanctioned with full transparency. Rs 3375-crore Mauritius metro order bagged by L&T FacebookAcquires AI Startup, Ozlo to Make Messenger Smarter Akshay Kumar Roped in as Brand Ambassadorfor Swachh Bharat Mission in Uttar Pradesh 7th August: National Handloom Day (since 2015) First environmental research satellite launched by Maharashtra to raise $270 m from Green Climate Fund Green Climate Fund (GCF) is a new fund under the UN and is guided by the principles and provisions of the UN Framework Convention on Climate Change. TO be helped by 2030 Water Resources Group (2030WRG) SEBI forms committee headed by T K Viswanathan on fair market conduct
- 6. To suggest measures for improving surveillance of the markets and strengthen rules for trades. under the chairmanship of former law secretary T K Viswanathan India’s first private missile production facility unveiled in Hyderabad Exoplanet with glowing water atmosphere detected byNASA’s Hubble New Vice-President of India - Venkaiah Naidu (13 th) MoU between India and BRICS countries to set up BRICS Agriculture Research Platform GOI to Develop Green Airports in Andhra Pradesh MobiKwik Partners Bajaj Finance for Larger Financial Services Pie(to transform itself into a financial services app from a payments app) SEBI approves appointment of Dhirendra Swarup as BSE chairman Christopher Wray – New FBI Director Approved by US Senate Appointed Executive Director at World Bank- Aparna India permitted to construct Kishanganga, Ratle projects under Indus Water Treaty: World Bank Justice B.N Srikrishna to head committee to study issues related to data protection Committee by Ministry of Electronics and Information Technology (MeitY) Ravindra Jadeja ranked No 1 Test all-rounder National Handloom Day observed across India to promote welfare of weavers on 7th August 2017
- 7. Coconutregains tree status in Goaas Assembly passes bill Entire Assam as 'disturbed' area under AFSPA for a month declared by Union Government Center Armed ForcesSpecial Powers Act (AFSPA) Microsoft Ties Up With Telangana To Use AI To Screen Kids For Eye Issues Supreme Court bans use of Five Metals in Firecrackers five harmful metals viz lithium, mercury, arsenic, antimony, and lead Rs 1 lakh Cr on education and road connectivity to be spent by - J&K government Axis Bank Cuts Savings Account Interest Rate by 50 bps to 3.5 % Justice Dipak Misra appointed as 45th Chief Justice of India IDFC Bank partners with Zeta for digital payments solution India celebrates 75th anniversary of Quit India Movement 6 States selected for transformative change in Health & Education by - NITI Aayog Earthquake of magnitude 7 on Richter scale struck China $270 m from Green Climate Fund to be raised by - Maharashtra Government Actor Dev Patel honored with Asian Game Changer Award 2017 by TheAsia Society Citizens of 80 countries including India can now enter Qatar without visa Hindustan Unilever, Asian Paints in Forbes' top 10 Innovative Firms List
- 8. Program to improve Mobile Developer Ecosystem launched by - Google and NSDC T J S George Bags First-Ever Kesari Media Award SEBI Ties Up with Iran Counterpart, Securities & Exchange Organization (SEO) for Technical Assistance David Rasquinha appointed as Exim Bank MD RCom's Merger with Aircel Gets NCLT Nod CCEA Approves Proposalof DIPAM for Strategic Disinvestment The Cabinet Committee on Economic Affairs (CCEA) has approved the proposal of Department of Investment and Public Asset Management (DIPAM) Melbourne Named 'World's Most Liveable City' as per Economist Intelligence Unit’s Global Liveability Report 2017 Uber Launches B2B Model for Business "Uber for Business " to enable new use cases like daily commute, late-night rides home from work, between-office transportation. Government Bans Export of Gold Items Above 22-Carat Purity Web portal to enable online orders for textbooks launched by – NCERT GOI Slaps USD264 Million Penalty on RIL for producing less than the targeted natural gas from eastern offshore KG-D6 fields in 2015-16
- 9. NABARD Awards for Corporation Bank – for SHG Bank Linkage programme India ratifies second commitment period of Kyoto Protocol Kyoto Protocol is an international agreement linked to the United Nations Framework Convention on Climate Change (UNFCCC), which commits its Parties by setting internationally binding emission reduction targets. Second round of National Deworming Day program covers 11 Cr children Swachh Survekshan Gramin 2017 launched by GOI Australia to Get World's Biggest Single Tower Solar Thermal Plant Online registration for custodians of securities launched by – SEBI India Ranks 43rd in Global Retirement Index published by French asset management company Natixis Global – Norway tops Gujarat First State to Implement Coal Utilisation Between Power Units Telangana CM Initiates Rs. 2,000-cr Sriram Sagar Modernization Project Non-biodegradable plastic bags usage banned by NGT in Delhi Merger of Associate Banks with SBI State Bank of Bikaner and Jaipur (SBBJ), State Bank of Hyderabad (SBH), State Bank of Mysore (SBM), State Bank of Patiala (SBP) and State Bank of Travancore (SBT) merged with SBI along with the Bharatiya Mahila Bank.
- 10. Full-fledged Hyperspectral Imaging Earth observation satellite to be developed by - ISRO DNA BASED TECHNOLOGY (USE AND REGULATION) BILL, 2017 aims to prevent misuse of DNA technology by regulating and standardizing DNA testing as well as supervising the activities of all authorized laboratories RBI Pays Rs 30,659 cr Dividend to Government previous year dividend paid to GOI was Rs 65,876 crore Demonetisation->Less profits ->Less dividends SEBI Allows MCX to launch Gold Options YouTube competitor called 'Watch' launched by – Facebook International Youth Day 2017 - 12th August 2017 NASA's Cassini spacecraftset to embark on its final mission on - 13th August 2017 Real Madrid beats Manchester United to win 2017 UEFA Super Cup 10 projects worth more than Rs 2000 Crore approved by - National Mission for Clean Ganga Lok Sabha passes State Banks (Repeal and Amendment) Bill, 2017 Delhi Assembly passes Minimum Wages (Delhi) Amendment Bill 2017 Gaj Yatra’ launched to mark World Elephant Day 2017 on - 12th August 2017 PrasoonJoshi appointed Chairperson of Central Board of Film Certification Somalia declared polio free by World Health Organization Warmest year recorded on Earth – 2016
- 11. Legendary sprinter Usain Bolt retires Religious Freedom Bill passed byJharkhand Assembly on Odisha government launches Facebookprogram ‘SheMeansBusiness’ 91 volcanoes discovered underneath Antarctica by – Scientists Fruit bat "Yoda" officially recognized as New species Namo Yuva Rojgar Kendra launched in Maharashtra Natco Pharma receives USFDA nod to market renal disease drug received by 2000 years old three ancient tombs in Egypt discovered by Archaeologists Milkha Singh appointed as WHO Goodwill Ambassadorfor Physical Activity Next steering committee meeting of TAPI gas pipeline to be hosted by India G-7 Interior Minister's summit on security to be hosted by Italy Alexander Zverev beats Roger Federer to win 2017 Rogers Cup Highly sensitive blood test to detect cancer developed by – Scientists MoU signed between GeM and CII - To establish GeMSamvad India’s first Partition Museum opens in – Amritsar Procedure and mechanism for Strategic Disinvestment approved by Cabinet Real Madrid beats Barcelona to win 2017 Spanish Super Cup LED bulbs, tubelights, fans to go on sale at petrol pumps across India MoU between India and Sweden on Intellectual Property Rights RBI announced Aadhar linkage mandatory for farmers to avail short-term crop loans in 2017-18 Missing links of dinosaur Chilesaurus discovered in southern Chile
- 12. New Metro Rail Policy approved by Cabinet Metro projects are under way in Hyderabad, Nagpur, Ahmedabad, Pune, and Lucknow IMR has reduced by 58% in India during the period of 1990-2015 more than the Global decline of 49% during the same period IMR( Infant Mortality Rate) is the number of deaths under one year of age occurring among the live births in a given geographical area during a given year, per 1,000 live births occurring among the population of the given geographical area during the same year The latest government data on child health indicators shows that India’s IMR is now at 39 per 1,000 live births as against 40 the previous year. The target for IMR under National Health Mission is 30 per 1000 live births by 2020. Vishal Sikka resigns as Infosys CEO Norway has World's Fastest Mobile Internet NITI Aayog Launched 'Mentor India' Campaign a strategic nation building initiative to engage leaders who can guide and mentor students at more than 900 Atal Tinkering Labs, established across the country as a part of the Atal Innovation Mission Full form of NITI Aayog is National Institution for Transforming India PM Modi is present Chairperson of NITI Aayog. Rajiv Kumar - Vice Chairman of NITI Aayog. Amitabh Kant - CEO NITI Aayog Raghuram Rajan Pens Book 'I Do What I Do' on his RBI Stint Supreme Court Declares Right to Privacy as Fundamental Right Why is it needed? Rapid digitization in India may result into problems of ID theft, fraud, misrepresentation
- 13. Welfare benefits through IT platforms using computerised data collected from citizens. Huge personal data collection - Huge MNCs are taking data of millions of Indians abroad without including protection procedures Increasing internet users - India has around 400 million Internet users engaged in generation, transmission, consumption and storage of data. Alibaba's Jack Ma is Asia's Richest Man: Forbes First Videsh Bhavan in Mumbai External Affairs Minister - Sushma Swaraj Creamy Layer Ceiling Raised to Rs 8 LPA Power Grid Inks $500 Million Loan Pact with ADB CABINET APPROVALS 1. Setting up of a Commission to examine the Sub-Categorization within OBCs. 2. MoU between India and Nepal for laying down implementation arrangement for construction of a Closure of loss making Bharat Wagon and Engineering Company. 3. MoU between India and Nepal on Drug Demand Reduction and Prevention of Illicit Trafficking in Narcotic Drugs and Psychotropic Substances and precursor chemicals and related matters. 4. Cabinet gives in-principle approval for Public Sector Banks to amalgamate through an Alternative Mechanism (AM). The salient features of the approval Framework for Consolidation of Public Sector Banks are as follows: The decision regarding creating strong and competitive banks would be solely based on commercial considerations. The proposal must start from the Boards of Banks. The proposals received from Banks for in-principle approval to formulate schemes of amalgamation shall be placed before the Alternative Mechanism (AM). After in-principle approval, the Banks will take steps in accordance with law and SEBI’s requirements. The final scheme will be notified by Central Government in consultation with the Reserve Bank of India.
- 14. Artificial womb to save extremely premature babies developed by - Scientists GEF Grant Agreement with World Bank signed by GOI grant agreement of $24.64 million fromthe Global Environment Facility (GEF) to Enhance India's Forest EcosystemServices Mobile App MyFASTag and FASTag Partner launched by – NHAI At 27%, SBI Tops Share of Wilful Default to PSBs World Humanitarian Day: 19 August China Launches First Cyber Court in e-commerce Hub of of Hangzhou The Hangzhou Internet Court in Hangzhou will handle cases such as online trade disputes and copyright lawsuits. Hangzhou is home to many Internet companies, including e-commerce giant Alibaba Tata Power becomes the first power utility to introduce a QR codebased bill payments system in India. The QR code linked to Unified Payments Interface (UPI) will be printed on the electricity bill Mamta Suri takes charge as Executive Director of Insolvency and Bankruptcy Board RBI Appoints Committee to Link Home Loan Rates to Repo Rate
- 15. Committee on Household Finance has suggested that banks link their home loan rates to the RBI's repo rate In the past three years the central bank has reduced the policy rate by 200 basis points, but the weighted average lending rates have fallen by 145 basis points. World Humanitarian Day observed globally on - 19th August 2017 Two new species of Earthworm discovered in Kerala by – Scientists Nikolay Kudashev appointed as Russia's Ambassadorto India Rahul Doshi crowned as ‘Child Genius’ in UK Delegation of Powers to Border Roads Organisation approved by Ministry of Defence Lost WWII wreckage of warship USS Indianapolis found in Pacific 40% reservation for girls at Navodaya schools planned by GOI New state of matter discovered TDRS-M Satellite to help astronauts communicate with Earth launched by NASA Arabian cap-shaped World Cup stadium to be built for FIFA 2022 in – Qatar RBI to issue new fluorescent blue Rs 50 banknotes Compassionate family pension instead of employment to be launched by Assam government New Android version named Oreo by Google K.Chandrashekhar Rao for 2017 Global Agriculture Leadership Award Anti-dumping duty on tempered glass from China imposed by GOI
- 16. World’s smallest surgical robotnamed Versius created by British scientists Panneerselvam sworn in as Deputy CM of Tamil Nadu ICMR signs Deal signed between IVI for vaccine research and Supreme Court strikes Triple Talaq by 3:2 majority Work on Asian Trilateral Highway to begin shortly as part of India’s Act East Policy India grants Pfizer patent for pneumonia vaccine Nano Missile developed by Indian Student for - Indian Army National Sports Museum to be established in New Delhi announced by The Union Ministry of Youth Affairs and Sports New frog species with pig face discovered by Indian Scientists Common Services Centres (CSC)in India to launch - Doorstep Enrollment Facility for Elders NITI Aayog to launch Mentor India Campaign International Day for the Remembrance of Slave Trade and Its Abolition observed globally on - 23rd August 2017 Ashwani Lohani appointed as Chairman of Railway Board Cabinet approves India-Nepal MoU on drug matters Australia beats Iran to clinch 2017 FIBA Asia Cup Rajiv Bansal as CMD of Air India India-Nepal signed 8 agreements to boostthe bilateral relations Pradhan Mantri Kisan Sampada Yojana (PMKSY) launched Amalgamation of Public SectorBanks through Alternative Mechanism approved by Cabinet
- 17. Project Brainwave for real-time artificial intelligence launched by Microsoft Rooftop solar programme launched by Odisha CM Naveen Patnaik Amazon national reserve for mining opened by Brazil England to host 2018 International Table Tennis Federation Team World Cup Nandan Nilekani appointed as Chairman of Infosys Board? Potential new way to treat HIV identified by Researchers E-waste disposalin state schools has been launched by Kerala India, China Agree to Disengage at Doklam Government of Canada to allow gender-neutral passports to promoteequality 'Business Week' in India to be led by - Australian Trade India wins South Asian Football Federation Under-15 Championship Nitasha Biswas first Miss TransQueen India Biosensor to detect kidney disorder developed by - IIT Researchers IRDA Launches Central Database of Insurance Sales Persons Justice Dipak Misra sworn in as 45th Chief Justice of India 2017 World Badminton Championship won by Nozomi Okuhara Dara Khosrowshahi appointed as CEO of Uber Technologies Inc Lewis Hamilton wins 2017 Belgian Grand Prix on - 27th August 2017 India-China Doklam borderstandoff end on - 28th August 2017 UEFA Men's Player of the Year Award - Cristiano Ronaldo Subramanian Swamy’s plea to direct BCCI to e-auction IPL rights rejected by- Supreme Court
- 18. 10-year jail term for Dera chief Ram Rahim Singh pronounced by CBI court International Day Against Nuclear Tests 2017 observed globally on - 29th August 2017 England to Host 2018 ITTF Team World Cup National Sports Day observed on August 29th 2017 Non Resident Indians can also have convertible notes on non-repatriation basis. India, Germany Sign Pact to Improve Grid Integration of Renewable Energy I-T deptimposes Rs 7,900 crore Penalty on Vodafone ForTax Dues Government Imposes Anti-Dumping Duty on Sodium Nitrite Imports from China UK Scientists Create World's Smallest Surgical Robot The robot, called Versius, mimics the human arm and can be used to carry out a wide range of laparoscopic procedures. Ocean forecasting system for Comoros, Mozambique and Madagascar launched by - ICOSIS Cabinet Approved raising of over Rs 9000 cr through NABARD for Completing Irrigation Projects The Union Cabinet has approved raising extra budgetary resourcesup to 9,020 crore rupees forLong Term Irrigation Fund in 2017-18 under Pradhan Mantri Krishi Sinchayee Yojana (PMKSY). Amount w illbe raised by NABARD through Bonds. IOC to Invest Rs 52,000 cr in Paradip Refinery PostPact with Odisha Govt Jammu and Kashmir Government to Set Up First Eco-Park
- 19. ICAI Signs MoU with ICA Nepal MoU seeks to establish mutual co-operation for the advancement of accounting knowledge, professional and intellectual development, advancing the interests of their respective members and positively contributing to the development of the accounting profession in Nepal and India International Day of the Victims of Enforced Disappearances celebrated across the world on - 30th August 2017 "YUVA - Skill Development Programme inaugurated by - Rajnath Singh No interview for non-gazetted posts in Uttar Pradesh Gobindobhogrice gets Geographical Indication status The rice is a speciality from Burdwan district of West Bengal The GI tag is an indication that is definite to a specific geographical territory. It is used for agricultural, natural and manufactured goods having special quality and established reputation Largest fossil of Ichthyosaurus discovered accidentally in Museum by UK Scientists 99 percent of demonetised notes returned - RBI Report Rajiv Gauba takes charge as Union Home Secretary Union Cabinet approves equivalence of posts in PSUs, Banks, Insurance companies Joint Proposalin WTO on Aggregate Measurement of Supportby India and China Ashwani Lohani: New Railway Board Chairman National level awards to Anganwadi workers conferred by - WCD Minister National Sports Day: 29 August
- 20. Birthday of legendary hockey player Major Dhyan Chand. To celebrate the day ,various programs are being conducted through the country MoU between India and Brazil for Zebu Cattle Genomics apprised by Union Cabinet Hamilton Wins Belgian Grand Prix China’s TCL to launch waterproof BlackBerry phone in - October2017 ISRO all set to launch India’s 8th navigational satellite