Current Affairs Update – 2 May, 2017

Hello and welcome to exampundit. Here are the important Current Affairs update of 2 May, 2017. These are important for the upcoming SBI PO Mains, NIACL Assistant Mains, BOB Manipal, NICL AO Mains and other exams in 2017 July and August.



Current Affairs at a Glance - 2 May, 2017
  1. Madhya Pradesh has become the first state in the country to formally switch to a January-December financial year format, with the state Cabinet  on Tuesday approving the proposed move.
  2. The ICICI Group on Tuesday said it has made 100 villages digitally-enabled in 2017 while planning to transform another 500 by the year-end.
  3. The Department of Telecom (DoT) on 2 May 2017 launched 'Tarang Sanchar’ web portal, a portal that will allow people to track radiation emitted from mobile towers within a locality and check their compliance with the stipulated norms.
  4. The Union Minister of Labour and Employment Bandaru Dattatreya on 1 May 2017 launched two schemes- One IP- Two Dispensaries and Aadhaar based Online Claim Submission on the occasion of International Labour Day 2017.
  5. India and Cyprus in April 2017 signed four agreements to boost the bilateral relationship between the two countries. The signed agreements include agreement on shipping and air services.
  6. International Labour Day 2017 was celebrated across the world on 1 May 2017. The day is also known as International Worker's Day and May Day.
  7. Ganga Swachhta Sankalp Divas was observed on 2 May 2017 by the National Mission on Clean Ganga (NMCG) at 12 locations including Allahabad, Varanasi, Kanpur, Patna, Sahibganj, Bhagalpur, Raj Ghat (Hardoi), Kolkatta, Srinagar ( Uttarakhand), Bithoor, Devprayag and Vidhur Kuti.
  8. The United States (US) Military's missile defence system THAAD on 2 May 2017 became operational in South Korea.
  9. Dubai on 1 may 2017 became the first city in the world to get its own Microsoft Font.
  10. Andhra Pradesh Chief Minister (CM) Chandrababu Naidu was on 2 May 2017 selected for the 'Transformative Chief Minister Award' of the the US-India Business Council (USIBC).
  11. Aizawl FC on 30 April 2017 defeated Shillong Lajong FC to grab the 2016-17 I-League in Shillong, Meghalaya. With this, Aizawl FC became the first ever north-eastern club to win the title.
  12. Anthony Lianzuala on 1 May 2017 took over as the Controller General of Accounts (CGA), Department of Expenditure, Union Ministry of Finance, in New Delhi.




Financial and Banking News –

MP becomes first state to formally shift to January-December financial year

  • Madhya Pradesh has become the first state in the country to formally switch to a January-December financial year format, with the state Cabinet  on Tuesday approving the proposed move.
  • The next Budget session of the state Assembly will be held in December 2017 or January 2018, while the next financial year will start from January 2018.
  • “From now onwards, the financial year in the state will be from January to December,” said a statement from the state government.
  • Chief Minister Shivraj Singh Chouhan, meanwhile, has directed all state departments to prepare road maps of work to be done with full details of targets to be met in the next quarter, half-year and full year. After Madhya Pradesh, other BJP-ruled states might also gradually change their financial years from April-March to January-December, officials said.
  • Prime Minister Narendra Modi in a recent meeting of the Niti Aayog has urged states to share their views on changing the financial year from April-March to January-December.
  • The Central government had constituted a high-level committee under former Chief Economic Advisor Shanker Acharya to examine "desirability and feasibility" of having a new financial year. The report hasn't been made public yet.

ICICI makes 100 villages digitally-enabled; targets 500 more by 2017


  • The ICICI Group on Tuesday said it has made 100 villages digitally-enabled in 2017 while planning to transform another 500 by the year-end.
  • Finance Minister Arun Jaitley while inaugurating the 100 ICICI digital villages in New Delhi said: "The ICICI initiative should be followed by other banks in rural areas."
  • ICICI Bank MD and CEO Chanda Kochhar said: "We have transformed 100 villages across the country in 100 days. We intend to expand the number of such villages by another 500 by December 2017."

DoT launches Tarang Sanchar web portal for information on Mobile Tower Radiation


  • The Department of Telecom (DoT) on 2 May 2017 launched 'Tarang Sanchar’ web portal, a portal that will allow people to track radiation emitted from mobile towers within a locality and check their compliance with the stipulated norms.
  • The portal will help in clearing myths and misconceptions about mobile towers and emissions from them.
  • Through this portal, status of the towers will be available to the users.
  • Generally, government conducts test on random basis, but through this portal, test of specific tower could be done on payment.
  • Those who want to get the radiation level checked of specific towers, will be required to pay a fee of Rs 5000 for the test to be conducted by the government.
  • It will empower consumers to know, at the click of the mouse, about the towers working in a particular area and whether they are compliant to the Electromagnetic field (EMF) emission norms defined by the government.

Union Government launches One IP- Two Dispensaries, Aadhaar Based Online Claim Submission Schemes


  • The Union Minister of Labour and Employment Bandaru Dattatreya on 1 May 2017 launched two schemes- One IP- Two Dispensaries and Aadhaar based Online Claim Submission on the occasion of International Labour Day 2017.

All about One IP- Two Dispensaries Scheme

  • Due to the non-availability of option of second dispensary, the dependant members of family are often deprived of medical benefits as till now, insured persons (IP) had an option of choosing one dispensary for self and family.
  • By introducing the concept of ‘One IP- Two Dispensaries’, Employee's State Insurance Corporation (ESIC) gives an option to an IP to choose two dispensaries, one for self and another for family through an employer.
  • From now onwards, individuals as well as their family members will be able to get treatment from either of the dispensaries and in case of emergency from any ESI Institution.
  • This scheme will benefit all IPs, especially migrant workers who are working in other than home State, while their families are living in their native States.
  • As of now, around 3 crore IPs are covered under ESIC and total number of is over 12 crore.

All about Aadhaar based Online Claim Submission scheme

  • Under this scheme, all EPF Members, who have activated their Universal Account Number (UAN) and seeded their KYC details with Employees' Provident Fund Organisation (EPFO), will now be able to directly apply for PF final settlement (form19), Pension withdrawal benefit (Form10-C) and PF part withdrawal (Form31) from the their UAN Interface.
  • These three forms collectively make for more than 80 per cent of EPFO’s claim workload.
  • Members can complete the whole process online and they neither need to interact with the employer nor with the EPFO field office to submit online claim.
  • Moreover, members are not required to give any supporting document while preferring online PF part withdrawal case.

India-Cyprus signed four agreements to boost the bilateral relations


  • India and Cyprus in April 2017 signed four agreements to boost the bilateral relationship between the two countries. The signed agreements include agreement on shipping and air services.
  • These agreements/MoUs were inked during the state visit of President of Cyprus Nicos Anastasiades to India from 25 to 29 April 2017. He was on a visit to India on the invitation by President Pranab Mukherjee.
  • During this visit, President Anastasiades was accompanied by a high level delegation comprising of several ministers and senior officials including Minister of Finance Haris Georgiades and Minister of Energy, Commerce, Industry and Tourism Georgios Lakkotrypis.
The signed MoUs/Agreements include

  1. Executive Programme on Culture Education and Scientific Cooperation (EPCEC) for the year 2017-2020
  2. Work Plan under programme of Cooperation in the field of Agriculture for 2017- 18
  3. Merchant Shipping Agreement
  4. Air Services Agreement
In addition to the four-agreements, the two nations also released a Joint Statement titled India-Cyprus Joint Statement.

Appointments –

Anthony Lianzuala takes over as Controller General of Accounts


  • Anthony Lianzuala on 1 May 2017 took over as the Controller General of Accounts (CGA), Department of Expenditure, Union Ministry of Finance, in New Delhi.
  • Lianzuala, a 1982-batch Indian Civil Accounts Service (ICAS) Officer, is the first person from the North-Eastern Region to hold the position.
  • He was the first Director of Training Institute in the Field of Public Financial Management and Accounting in the North-East named INGAF-NER, based in Aizawl, Mizoram.


Days –

International Labour Day 2017 observed globally


  • International Labour Day 2017 was celebrated across the world on 1 May 2017. The day is also known as International Worker's Day and May Day.
  • The day is celebrated by the working classes and is promoted by the international labour movement, socialists and communists.
  • The International Labour Day is celebrated to commemorate the happenings of 4 May 1886, the Haymarket affair (Haymarket Massacre) in the Chicago.

NMCG observed Ganga Swachhta Sankalp Divas across the Ganga Basin States


  • Ganga Swachhta Sankalp Divas was observed on 2 May 2017 by the National Mission on Clean Ganga (NMCG) at 12 locations including Allahabad, Varanasi, Kanpur, Patna, Sahibganj, Bhagalpur, Raj Ghat (Hardoi), Kolkatta, Srinagar ( Uttarakhand), Bithoor, Devprayag and Vidhur Kuti.
  • Over thirty more locations observed the day through the support of local NGOs, Ganga Vichaar Manch and volunteers.
  • While Uma Bharti, the Union Minister for Water Resources, River Development and Ganga Rejuvenation attended the event at Vidhur Kuti , Srinagar and Devprayag, the events at the other locations were presided over by various Central and State level dignitaries and functionaries along with senior officials from NMCG and the Ministry of Water Resources, River Development & Ganga Rejuvenation.

World –

THAAD missile defence system operational in South Korea


  • The United States (US) Military's missile defence system THAAD on 2 May 2017 became operational in South Korea.
  • The Terminal High Altitude Area Defence (THAAD) reached an initial intercept capability to defend against North Korean missiles. However, THAAD would not be fully operational for a period of months.
  • THAAD missile defence system is designed to intercept and destroy ballistic missiles.
  • It shoots down short and medium-range ballistic missiles in the terminal phase of their flight.

Dubai becomes first city in world to get its own Microsoft Font


  • Dubai on 1 may 2017 became the first city in the world to get its own Microsoft Font.
  • The Dubai Font was launched by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Dubai's Crown Prince and Chairman of the Executive Council.
  • The Executive Council of Dubai also enabled individuals to download the font from the website: www.dubaifont.com and integrate it into the system for free.

Awards & Honors –

Andhra Pradesh CM Chandrababu Naidu selected for USIBC Award


  • Andhra Pradesh Chief Minister (CM) Chandrababu Naidu was on 2 May 2017 selected for the 'Transformative Chief Minister Award' of the the US-India Business Council (USIBC).
  • He was selected for his role in advancing the US-India partnership at the state level. The award will be presented to him on 8 May 2017 at the USIBC West Coast Summit in the Silicon Valley.
  • The summit will also honour Aruna Sundararajan with the ‘Transformative Leadership Award’ for excellence in public service.
  • Last year’s recipient of USIBC Award was Amitabh Kant, CEO of Niti Aayog.

Padma Venkataraman bestowed with Avvaiyar award


  • The Tamil Nadu government on 2 May 2017 conferred the 2017 Avvaiyar Award to Padma Venkataraman, a social worker and daughter for former Indian President, the late R Venkataraman.
  • Padma was honoured with the award for her efforts in the field of women’s welfare and the rehabilitation of leprosy-affected people since the past 30 years by Tamil Nadu Chief Minister K Palaniswami.
  • The prize carried a cheque of Rs 1 lakh, a gold medal weighing 8 gm and a certificate.
  • Speaking on the development, Padma who is the Chairperson of Women’s Indian Association (WIA) called the award a great honour and stated that it reflects the involvement of Tamil Nadu state’s government and CM in the advancement of women, children, the differently-abled and leprosy affected people.
  • She further added that the award will only strengthen her resolve to serve the society as best as possible.

Sports –

Aizawl FC becomes first north-eastern club to win I-League


  • Aizawl FC on 30 April 2017 defeated Shillong Lajong FC to grab the 2016-17 I-League in Shillong, Meghalaya.
  • With this, Aizawl FC became the first ever north-eastern club to win the title.
  • The 2016-17 I-League was the 10th edition of the I-League held at the Jawaharlal Nehru Stadium in Shillong.

Hockey India recommends Sardar Singh for Rajiv Gandhi Khel Ratna


  • Hockey India on 1 May 2017 recommended senior player and former captain Sardar Singh for the Rajiv Gandhi Khel Ratna, India's highest sporting honour.
  • In 2008, Sardar was the youngest player to captain India when he led the Indian side at the Sultan Azlan Shah Cup.
  • He played his debut match for India in the junior team during Poland tour in 2003-04.
  • In 2006, he was promoted to the senior men side of the National Hockey team and his first match in senior team was against Pakistan.

Leander Paes and Scott Lipsky win Tallahassee Challenger Men’s Doubles title


  • Indian tennis player Leander Paes along with his American partner Scott Lipsky on 30 April 2017 won Tallahassee Challenger Men’s Doubles title.
  • The duo defeated Argentine third seeds Leonardo Mayer and Maximo Gonzalez 4-6 7-6(5) 10-7 in the summit clash.
  • It was the second Challenger title of the season for Paes, who earned 80 ranking points for his effort.
  • On the other hand, India’s Ramkumar Ramanathan finished up as a runner-up in the Tallahassee Challenger Men’s Singles event. The title was won by Slovenia’s Blaž Rola.







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