Current Affairs Update – 3rd August, 2015

Hello and welcome to ExamPundit. Here are the Important Current Affairs of 3rd August, 2015. These are important for the upcoming IBPS RRB Exam 2015.

Finance/Banking –

HDFC Bank ties up with Snapdeal for co-branded credit card

  • India's second largest private sector lender, HDFC Bank and online marketplace Snapdeal jointly launched co branded e-commerce credit card today.
  • The card is aimed at getting Snapdeal's customers, 70 per cent of whom are from smaller cities and towns, to make online payments instead of availing the cash on delivery option. A customer can apply for the card from Snapdeal's website, mobile site or mobile application. The applicant's credit eligibility will be checked instantly.
  • Even non customers of the the bank can apply for the co-branded credit card. The move is aimed at tapping the rise in ecommerce transactions with payments companies like Paytm which gives discounts to attract customers.

HDFC bank launches educational film Dhanchayat

  • HDFC Bank Ltd. on July 30, 2015 launched 'Dhanchayat' an educational film to raise awareness on the dangers of borrowing money from unorganised sources. This film has been launched under the aegis of Swachch Banking, the Bank's CSR initiative for rural India.
  • As part of Swachch Banking, which aims to raise awareness about clean and convenient banking, HDFC Bank-branded Dhanchayat video vans will travel across East, West, South, North and Central India, covering thousands of villages across the country.
  • Through the film, the bank will showcase to the rural population the importance of transparency in dealings as also the dignity and self-respect of the individual in the borrowing process. The vans will stop at assembly points such as haats, bazaars, melas and village panchayats.
  • The bank will cover 5000 villages in phase 1 and encourage the local populace to join the organized banking sector in line with the government's vision for financial inclusion. The vans will also have micro-ATMs with biometric facility fitted in them to enable instant e-KYC and Re-KYC using Aadhar.
  • Aditya Puri, HDFC Bank MD, flagged off the first van from the bank's headquarters in Mumbai in the presence of deputy MD Paresh Sukthankar.

Bharti Airtel to acquire YTS Solutions

  • Bharti Airtel is all set to acquire digital financial service provider YTS Solutions and appoint its co-founder and managing director Manish Khera as CEO of Airtel M Commerce Services Limited (AMSL), its flagship semi-closed wallet under the brand name ‘Airtel Money’.
  • The company, however, did not disclose the size of the acquisition.
  • In January 2015, AMSL, which had launched Airtel Money in 2011, applied to Reserve Bank of India for a Payments’ Bank licence.
  • Once appointed as CEO, Khera will be a part of the Airtel management board and report to Gopal Vittal, managing director and chief executive officer of Bharti Airtel (India & South Asia).

OYO Rooms gets $100-mn funding from SoftBank

  • Hotel aggregator OYO Rooms has raised $100-million funding, led by the SoftBank Group, along with participation from existing investors - Greenoaks Capital, Sequoia Capital and Lightspeed India.
  • The company will use the latest round of funding to implement new customer experience initiatives, build innovative technology products, and extend its domination in this space, it said in a statement.
  • Launched in 2013, OYO is present in more than 70 cities with 12,000 plus available rooms.

India –

1974 Land Border Agreement between India and Bangladesh came into effect

  • 162 enclaves of India and Bangladesh were integrated with the main land with the execution of Land Border Agreement, 1974 between the two countries at midnight on 31 July 2015.
  • According to the agreement, 51 Bangladeshi enclaves situated at Indian soil in Coochbehar District of West Bengal amalgamated with India, while 111 Indian enclaves in Bangladeshi territory integrated with that country when the clock struck 12 at night.
  • Also, as the clock struck midnight, the boundary pillars known as British Pillars which demarcated enclave lands was dismantled.

Govt signs peace accord with National Socialist Council of Nagaland

  • With an aim of ending insurgency in Nagaland, government today signed an accord with key outfit NSCN(IM) which Prime Minister Narendra Modi described as a “historic” step to usher in peace in the state.
  • The pact was signed in the presence of the Prime Minister, Home Minister Rajnath Singh and National Security Adviser Ajit Doval by the outfit’s leader T Muivah and government’s interlocutor R N Ravi at the PM’s residence here.
  • The signing of the pact is the culmination of over 80 rounds of negotiations that spanned 16 years with first breakthrough in 1997 when ceasefire agreement was sealed.
  • While the National Socialist Council of Nagaland (Isaac-Muivah) is the biggest Naga rebel group which has been maintaining the ceasefire, another faction led by S S Khaplang continues to indulge in violence and was believed to be behind the deadly attack on army in Manipur in June that left 18 soldiers dead and 18 injured.
  • It was not immediately clear whether the agreement meets the main demand of NSCN(IM) for integration of all Naga-inhabited areas in the North East across Manipur, Arunachal Pradesh and Assam.

Union Government released the Census data on Highest Educational Level Attained

  • Registrar General & Census Commissioner of India on 31 July 2015 released the Census 2011 data on Highest Education Level Attained.
  • The data relates to population of 7 years and above by age and sex for total, Scheduled Castes (SCs) and Scheduled Tribes (STs) up to district levels.

Main Highlights
  1. Primary occupies the top position in terms of percentage share to total literates in 2011 for both total and SCs. The respective shares are 24.1percent for total and 27.7 percent for SCs.
  2. The percentage share of literates at the higher educational levels, i.e. Middle, Higher Secondary and above have gone up at national level for total, SCs and STs during census 2011 as compared to census 2001.
  3. In case of Matric/Secondary, there is negligible decline for total while for SCs & STs, there is improvement.
  4. The percentage share of Graduate and above population of 15 years and above has shown improvement from 5.7 percent to 8.2 percent for total, 2.2 percent to 4.1 percent for SCs and 1.5 percent to 2.6 percent for STs during 2001-11.
  5. The percentage share of Graduate degree other than technical degree to total Graduate and above has declined by 7.2 percent for total, 7.7 percent for SCs and 7.5 percent for STs during the decade 2001-2011.
  6. The share of Post Graduate Degree other than technical degree has shown improvement of 2.9 percent for total, 2.4 percent for SCs and 2.4 percent for STs during 2001-11.
  7. Technical Degrees or diplomas equal to degree or post graduate degree has shown improvement of 4.4 percent for total, 5.3 percent for SCs and 5.1 percent for STs during 2001-11.

TN govt launches 352 lactating mothers’ room, milk banks

  • With an aim to help lactating mothers who are travelling, Tamil Nadu Chief Minister Jayalalithaa today inaugurated, through video conferencing, 352 rooms in bus terminals across the state where women can feed their newborns.
  • Timing the launch to sync with World Breast Feeding Week (August 1-7), she also inaugurated Mother’s Milk Banks in seven government hospitals, including Tiruchirappalli and Madurai.
  • The Mothers’ Milk Banks were inaugurated in seven state-run hospitals in Tiruchirappalli, Madurai, Coimbatore, Theni, Salem and Thanjavur, besides the over 160-year old Government Institute of Obstetrics and Gynaecology and Hospital at Egmore here.
  • Each bank has been provided with equipment worth Rs. 10 lakh to preserve the milk donated by mothers. Such milk can be stored for three months and will be given to babies who cannot get milk from their mothers. “Through this initiative the health of babies will be safeguarded and avoid child mortality,” the release said.
  • The number of such state-run banks in Tamil Nadu now stands at eight. Last year, Mother’s Milk Bank was launched in the Institute of Child Health and Hospital for Children, known as Children’s Hospital in short.

Aadi Perukku festival celebrated with traditional gaiety in Tamil Nadu

  • Aadi Perukku festival was celebrated in Tamil Nadu with traditional gaiety on 3 August 2015. On this day, thousands of people including newlywed couples performed pooja in Cauvery River in Erode Tiruchirapalli and Salem.
  • Aadi Perukku is a Hindu Tamil festival celebrated on the 18th day of the Tamil month of Aadi (mid-July to mid-August) in gratitude to water bodies especially Cauvery River.
  • The festival pays tribute to water's life-sustaining properties. For the blessing of mankind with peace, prosperity and happiness, nature worship in the form of Amman deities are organized to shower Nature’s bountiful grace on human beings.

Tamil Nadu government instituted youth award in name of Dr APJ Abdul Kalam

  • The state government of Tamil Nadu on 31 July 2015 instituted a youth award in the name of former President Dr APJ Abdul Kalam.
  • In a statement issued in Chennai, Chief Minister J Jayalalithaa said that the annual Dr APJ Abdul Kalam Award consisting 8 gram gold, 5 laks rupees in cash and a citation.
  • The award would be given from 2015 onwards on every Independence Day (15 August) to a person from the state who works with exceptional merit in science, humanities and students welfare.
  • She also announced that Dr Kalam’s birthday on October 15th would be celebrated as the Youth Revival Day.

Indo-UK Bilateral Air Exercise Indradhanush concluded

  • Indo-UK bilateral Air Exercise Indradhanush between Indian Air Force (IAF) and British Royal Air Forces (RAF) concluded on 30 July 2015. The EX-Indradhanush started in Britain on 21 July 2015.
  • During the 10-day exercise different elements of the IAF contingent operated from separate RAF bases. The Sukhois operated from Corningsby, combat support elements from Brize Norton and the Garud special forces from Hunnington.
  • The two air forces also operate common combat support platforms, namely the Globemaster and the Super Hercules.

Sports –

14-year-old Lucknow boy Prabhroop Sekhon won 2 Gold at Special Olympics World Games

  • Fourteen year old Master Prabhroop Sekhon on 31 July 2015 won two gold medals in 300 metre and 500 metre Roller Skating at the Special Olympics World Summer Games. The event is being held at Los Angeles, USA.
  • Sekhon is a student of ASHA School in Lucknow Cantt where he was coached and selected for various camps at State and National level as one amongst the 241 participants representing India. He has been a student of ASHA School since Sep 2013.
  • An Autistic student, Prabhroop Sekhon is the son of a serving Air Force Officer, Group Captain BS Sekhon.

MCA lifted 3-year old Wankhede Stadium entry ban on Shah Rukh Khan

  • Mumbai Cricket Association (MCA) on 2 August 2015 lifted the 5-year ban on Bollywood superstar Shah Rukh Khan on entering the Wankhede Stadium. The decision on removal of ban imposed on Khan was taken during the Association’s meet in Mumbai.
  • Khan was banned from entering MCA premises, including the Wankhede Stadium, for five years for engaging in a scuffle with the officials of the cricketing body and the security staff on 16 May 2012 following Kolkata Knight Rider’s (KKR's) victory over Mumbai Indians.
  • The ban order was issued two days later by the MCA's Managing Committee then headed by Vilasrao Deshmukh, former Maharashtra chief minister. The actor had rejected the charge of misbehaviour and claimed he had reacted only after children who had accompanied him for the match, including his own kinds, were "manhandled" by the security staff.

Victorian Open WSA: Joshna Chinappa won squash title

  • Indian champion Joshna Chinappa won the women’s squash title in the 15000 US Dollar Victorian Open WSA Event in Melbourne, Australia on 2 August 2015. In the final clash, Chinappa defeated second seed Line Hansen of Denmark 11-5, 11-4, 11-9.
  • This was tenth WSA title for 28-year-old Joshna, the last being the Richmond Open title win in April 2014.
  • The title in the men's section went to Ryan Cuskelly of Australia who defeated Greg Lobban of Scotland 12-10, 13-11, 11-9.

World –

India to host meeting of 14 Pacific island nations

  • After trying to keep pace with China in relations with Africa and Central Asia, India is now trying to match it neighbour’s growing footprint in the South Pacific.
  • On August 21, India will host the heads of 14 island nations at the Forum for India-Pacific Islands Cooperation (FIPIC), in what is seen as a first step towards greater engagement with the region, which is important from an economic and geostrategic standpoint.
  • The upcoming summit in Jaipur is expected to pave the way for agreements in agriculture, food processing, fisheries, solar energy, e-networks for coordination in telemedicine and tele-education, space cooperation and climate change, all of which were mentioned as areas of potential cooperation by Prime Minister Narendra Modi during his visit to Fiji in 2014.
  • Mr. Modi had then proposed that FIPIC summits be held regularly. He had set the ball rolling for reinforcing ties with the island nations by announcing visa on arrival for their nationals, funds for small business, line of credit for a co-generation power plant for Fiji, and a special adaptation fund for technical assistance and capacity building for countering global warming.

Tiju Thomas initiative emerged as UAE's first and biggest donor registry

  • An Indian diplomat with the Indian consulate in Dubai Tiju Thomas was in news in first week of August 2015. He came in news after spearheading an initiative to make blood from rare groups accessible to those in need through a website 
  • The initiative that had a soft launch on World Blood Donor Day on 14 June 2015 and was formally launched on 21 June 2015 on International Yoga Day emerged as the United Arab Emirates (UAEs) first and biggest donor directory.
  • This was his effort to give back to the society as a gift from the Indian community to the UAE and aims at bridging gaps between communities.


Team ExamPundit


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