1. Lok
Sabha Passes Bill to Raise NABARD’s Capital to Rs30,000 crore
i. A
bill to enable exit of Reserve Bank of India (RBI) from Nabard and increase
authorized capital of the development institution six times to Rs 30,000 crore
was passed by the Lok Sabha.
ii.
Important Points About the Bill-
- Increase in capital of NABARD: At present the authorized capital of Nabard is Rs 5,000 crore and there is a proposal to increase it to Rs 30,000 crore.
- Transfer of the RBI’s share to the Union Government: At present in Nabard, the Centre has a share of 99.6% and the RBI has the remaining share.
- The Bill substitutes references to provisions of the Companies Act, 1956 under the NABARD Act, 1981, with references to the Companies Act, 2013.
- The Bill replaces the terms ‘small-scale industry’ and ‘industry in the tiny and decentralized sector’ with the terms ‘micro enterprise’, ‘small enterprise’ and ‘medium enterprise’ as defined in the MSME Development Act, 2006.
2. 2nd
Agri UDAAN Program Launched in New Delhi
i. In
an attempt to promote innovation and entrepreneurship in agriculture,
Government launched the 2nd AGRI-UDAAN program in New Delhi. It
will mentor start-ups and help them connect with potential investors.
ii. This
6-month program is a unique platform for scale up stage innovators,
entrepreneurs and startups in the Food and Agribusiness sectors. Top 40
startups will be shortlisted and allowed to pitch in front of the panel of
evaluators during cohort finalization program.
3. IRCTC
Launches Book Now, Pay Later Scheme For Tatkal Tickets
i. Customers
can book their Tatkal railway ticket and choose to pay later under
the new scheme announced by the Indian Railway Catering and Tourism
Corp (IRCTC).
ii.
Till now, this service was available only for general reservations. Now,
the users can use 'pay on delivery' option to save payment time, increasing
their chances of booking a confirmed ticket under the Tatkal quota.
4. First
Meeting of Japan-India Coordination Forum held in New Delhi
i. The
first meeting of the Japan-India Coordination Forum (JICF) for Development
of North-Eastern Region was held in New Delhi.
ii. Priority
areas of cooperation identified by Indian side including Connectivity and Road
Network Development, especially inter-State roads & major district roads;
Disaster Management; Food Processing; Organic Farming and Tourism were
discussed in the meeting.
5. Mohammad
Mustafa Appointed CMD of SIDBI
i. Senior
bureaucrat Mohammad Mustafa was appointed as Chairman and
Manging Director (CMD) in Small Industries Development Bank of
India (SIDBI).
ii. Mustafa,
a 1995 batch IAS officer of Uttar Pradesh cadre, is at present Joint Secretary
in Department of Financial Services. The Appointments Committee of the cabinet
has approved his appointment to the post for three years, an order issued by
the Department of Personnel and Training (DoPT).
6. NCLT
Approves Airtel-Telenor Merger
i. The National
Company Law Tribunal (NCLT) has approved the proposed merger between
Bharti Airtel and Telenor India.
ii. Airtel
would take over its spectrum in all seven circles — Andhra Pradesh, Bihar,
Maharashtra, Gujarat, UP (East), UP (West) and Assam. It would also acquire
its licences and operations, including its employees and customer
base of 44 million.
7. Harmanpreet
Kaur to be Appointed DSP by Punjab government
i. The
Punjab government has initiated the process of inducting Indian
women team cricketer Harmanpreet Kaur as a DSP in the state
police. Chief Minister Amarinder Singh directed the state Director General
of Police (DGP) Suresh Arora to complete the necessary formalities for her
appointment as DSP.
ii. She
also received Rs 5 lakh cheque from CM.
8. USISPF
–Strategic Partnership Forum Set Up to Deepen Indo – US ties
i. A
new representative body US- India Strategic Partnership Forum (USISPF) is
being set up to enhance business relations between India and US.
ii. The
body will work with businesses and government leaders to achieve its goals of
driving economic growth, job creation, innovation, inclusion and
entrepreneurship. Mukesh Aghi will serve as a USISPF President
while GauravVerma will serve as Chief Operating Officer.
9. Govt
inks MoA to set up IRRI’s regional centre in Varanasi
i. The
Agriculture Ministry signed a Memorandum of Association (MoA) for setting
up a regional centre of the global rice research institute IRRI in
Varanasi to develop high- yielding rice varieties.
ii. The
Philippines-based International Rice Research Institute (IRRI), which has
offices in 17 countries, is known for its work in developing rice varieties
that contributed to the green revolution in 1960s.
iii. IRRI's
South Asia Regional Centre will be set up at the campus of National
Seed Research and Training Centre (NSRTC) in Varanasi.
10. Aadi
Perukku Festival Celebrated in Tamilnadu
i. Aadi
Perukku is celebrated for the birth of the Tamil month of
Aadi. This is the beginning of all the festivals during the festival
seasons. The Aadiperukku festival was celebrated with religious fervour in
the towns of Mettur, Poolampatti etc situated on the banks
of River Cauvery.
ii. During
the month of Thai and Aadi the sun changes directions so it is celebrated
Aadi Perukku festival celebrated in Tamilnadu in that way. The 18th day
of Aadi is observed as ‘Aadiperukku’, a day of offerings and prayers to the
water bodies like rivers and lakes.
11. Neymar
Becomes World's Most Expensive Footballer
i.
Brazil's Neymar has become the world's most expensive footballer,
with Paris Saint-Germain signing him for a five-year deal from Barcelona for a
fee of Rs1,680 crore (€222 million).
ii.
The 25-year-old will earn Rs6.5 crore-a-week before tax. His transfer fee is
more than double that of Paul Pogba's record move to Manchester United.
12. Microsoft
Ties Up With Telangana To Use AI To Screen Kids For Eye Issues
i.
Microsoft ties up with the state of Telangana to use
its artificial intelligence-based MINE platform to screen children for eye
problems and prevent avoidable blindness.
ii. MINE
-Microsoft Intelligent Network for Eyecare -is a global consortium of
eye care providers, research and academic institutions that will apply artificial
intelligence to help in eye care delivery.
13. HeliTaxi
Services From Bengaluru Airport to Electronic City Launched
i. Thumby
Aviation, a private helicopter service provider, and Bangalore
International Airport Ltd (BIAL) have partnered to launch HeliTaxi
services from Bengaluru Airport.
ii. The
helicopter service will initially be launched from Bengaluru Airport to
Electronic City and gradually expanded to other parts of the city.
14. Kotak
Bank’s New Forex Service
i. Kotak
Mahindra Bank has launched Kotak Remit — an Aadhaar-based integrated
outward forex remittance solution for both customers and non-customers.
ii. The 24x7
forex remittance service offers a completely paperless process that
enables users to register online using Aadhaar and PAN numbers, and initiate
remittances instantly.
Also Read:
Daily GK Update 3rd August 2017, Important Current Affairs
Daily GK Update 2nd August 2017, Important Current Affairs
Daily GK Update 2nd August 2017, Important Current Affairs
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