Current Affairs Update – 29-31 July, 2017

Hello and welcome to exampundit. Here are the Important Current Affairs of 29 to 31 July, 2017. These are very important for the upcoming IBPS PO, IBPS RRB  & Other Exams.

Banking & Financial News

RBI slaps Rs. 1 cr penalty on Union Bank for KYC non-compliance

  • The Reserve Bank of India (RBI) had earlier this week imposed a monetary penalty of Rs. 10 million on Union Bank of India for non-compliance with the directions issued by the apex bank on Know Your Customer (KYC) norms.
  • The penalty imposed on July 26, is part of the exercise vested under the provisions of Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949, taking into account failure of the bank to adhere to certain directions issued by RBI.
  • This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
  • Earlier, the RBI had received a complaint regarding huge cash withdrawals in certain accounts maintained with Union Bank of India.
  • Upon examination of the documents obtained in this regard, a Notice was issued to the bank advising it to show cause as to why penalty should not be imposed for non-compliance with directions issued by RBI.

News related to India and states

India’s first unmanned tank Muntra launched

  • The Defence Research and Development Organisation (DRDO) on 29 July 2017 launched India's first unmanned tank Muntra (Mission UNmanned TRAcked) that was being developed in Chennai.
  • The tank was tested and validated at Mahajan field firing range in Rajasthan under dusty desert conditions where temperatures touched 52 C.
  • The tanks will facilitate Indian Army in conducting unmanned surveillance missions.
  • Muntra was developed and tested for the Indian Army by Combat Vehicles Research and Development Establishment (CVRDE) in Avadi.
  • Muntra has three variants- Muntra-S for unmanned surveillance, Muntra-M for mine detection, and Muntra-N for reconnaissance in areas with nuclear and bio threats.
  • It has surveillance radar, an integrated camera along with laser range finder that can be used to spy a 15km away ground target.

Maharashtra government to launch pilot project to encourage use of bicycle

  • The Maharashtra state government is planning to create cycle tracks through 'streets with cycle track' project in order to encourage the use of bicycles, to ease congestion and reduce air pollution.
  • The pilot project will be at first implemented in 10 cities across the state including Nagpur, Amaravati, Pune, Nashik, Aurangabad, Solapur, Latur, Jalgaon, Chandrapur and Kolhapur. A government resolution confirming the same was issued recently.
  • A committee comprising four members including the Additional Director General of Police (Traffic), Secretary PWD (Roads), and two members of NGO Mission Olympics will be studying the project and providing technical inputs.
  • The committee would be responsible for choosing the roads where the project would be implemented and suggest modifications to the road structure if needed.
  • The committee will also have the power to seek the help of organisations that promote cycling.
  • The state government has decided to start the initiative with smaller cities instead of congested ones like Mumbai and Thane.

Delhi Metro declared as world’s first green metro

  • The Delhi Metro Railway Corporation (DMRC) was on 28 July 2017 declared as the world’s first green metro after it added a green certification for all its major buildings and installations.
  • Apart from depots and sub stations, DMRC was also awarded the platinum rating for its 10 residential colonies for adherence to green building norms by the IGBC.
  • The declaration was made during National Conference on Green Metro Systems by the Indian Green Building Council (IGBC).
  • The conference was attended by delegates from all other Metro systems in the country.


Mukhtar Abbas Naqvi launches Jiyo Parsi Publicity Phase-2 in Mumbai

  • Mukhtar Abbas Naqvi, Union Minister of State (Independent Charge) for Minority Affairs & Parliamentary Affairs, on 29 July 2017 launched the Jiyo Parsi Publicity Phase-2 in Mumbai, Maharashtra.
  • While launching the Phase-2, Naqvi said that Parsi community has immense contribution in nation building and Parsi community has been a “role model” for other communities for its culture and traditions. The Parsi community has given so many great people who have been “architects of nation building”.
  •  The main aim of the Jiyo Parsi scheme is to reverse the declining trend of Parsi population by adopting a scientific protocol and structured interventions.
  • The scheme also aims to stabilize their population and increase the population of Parsis in India.
  • The scheme has two components: Medical Assistance and Advocacy/Counselling.
  • The Jiyo Parsi Publicity Phase-1 was initiated in 2013 for containing the declining trend of population of the Parsi community and reverse it to bring their population above the threshold level.

India, Pakistan to hold talks on hydropower projects under Indus Waters Treaty

  • India and Pakistan will hold talks on two hydropower projects, namely Kishenganga and Ratle, under the 1960 Indus Waters Treaty (IWT) at the World Bank headquarters in Washington on 31 July 2017.
  • Union Water Resources Secretary Amarjit Singh is leading the Indian delegation during the talks. The delegation will include officials from ministries of external affairs and water resources.
  • World Bank Vice President for South Asia region Annette Dixon - in a letter to in a letter to the Indian Ambassador to the US, Navtej Sarna - has welcomed the participation of both the countries in the dialogue. She also assured neutrality and impartiality of the international body in helping both the nations to find an amicable way forward.
  • The meet at Washington is being held as part of efforts by the World Bank to resolve the issues raised by Pakistan over India’s hydroelectricity projects.

Union Government launches Sagar Vani to alert coastal community

  • Union Minister of Science & Technology Harshvardhan on 27 July 2017 launched Sagar Vani application on the occasion of Foundation Day of Ministry of Earth Sciences.
  • The portal was launched with an aim to alert the coastal communities.
  • This Integrated Information Dissemination System (IDS) was developed by ESSO-Indian National Centre for Ocean Information Services (INCOIS).
  • It is aimed at disseminating the advisories effectively and timely, directly from the lab to the end user.
  • It is a software platform where various dissemination modes will be integrated on a single central server.
  • It includes multi lingual SMS, voice call  or audio advisory, mobile app, social media (Facebook, Twitter,), Email, GTS, Fax, digital display boards, radio and television broadcast units, IVRS, Cloud Channels, etc.

Sports News

2017 FIBA Women's Asia Cup: India beat Kazakhstan to clinch Division B crown

  • India on 29 July 2017 defeated Kazakhstan, 75-73, to clinch the FIBA Women's Asia Cup’s Division B title. The thrilling final was held at the Kanteerava Indoor stadium in Bengaluru.
  • To celebrate the win, the Basketball Federation of India (BFI) announced a cash award of Rs 10 lakh for the Indian team.
  • On the other hand, Japan defeated Australia 74-73 in the Division A summit clash.

World News

US tests missile-defence system after North Korea missile launch

  • The United States (US) on 30 July 2017 tested the Terminal High Altitude Area Defence (THAAD) system in Alaska by launching a ballistic missile over the Pacific Ocean.
  • The missile-defence system test came after North Korea conducted an Intercontinental Ballistic Missile (ICBM) test.
  • A medium-range target ballistic missile (MRBM) was launched by US Air Force C-17 over the Pacific Ocean and the THAAD weapon system detected, tracked and intercepted the target. This was the 15th successful intercept out of the 15 tests carried out for the THAAD weapon system.
  • The THAAD interceptors are meant to help guard the US against a missile attack from a country such as North Korea. THAAD is a ground-based missile defence system designed to shoot down short, medium and intermediate-range ballistic missiles.
  • US has also deployed THAAD in South Korea to guard it against North Korea's shorter-range missiles.


World's smallest spacecraft Sprites launched by Indian rocket

  • The world's smallest spacecraft were on 23 June 2017 successfully launched into low-Earth orbit by Indian rocket Polar Satellite Launch Vehicle (PSLV).
  • Known as 'Sprites', these tiny satellites are just 3.5cm x 3.5cm and carry radios, sensors and computers, and each device is powered by sunlight and weighs just four grams.
  • The Sprites were constructed by researchers at Cornell University and transported into space as secondary payloads by the two larger German satellites Max Valier and Venta.
  • As per the scientists, the communications received from the mission show that the Sprite system is performing as designed. This mission is designed to test how well the Sprites' electronics perform in orbit.
  • Though Sprites have previously been carried to the International Space Station, but this is the first time that it was possible to launch such a lightweight satellite into space and communicate with it.
  • The Sprite Spacecraft was developed under the Breakthrough Starshot program and is the creation of Zac Manchester, whose 2011 Kickstarter campaign 'KickSat' raised the first funds to develop the concept.


International Tiger Day 2017 observed

  • The 2017 International Tiger Day was observed on 29 July 2017. The day is held annually on 29th July to give worldwide attention to the reservation of tigers.
  • In 2017, the International Tiger Day would be celebrated with the slogan Fresh Ecology For Tigers’ Protection.
  • The goal of the day is to promote a global system for protecting the natural habitats of tigers and to raise public awareness and support for tiger conservation issues.
  • The day was founded in 2010 at the St. Petersburg Tiger Summit, with the aim to double the big cat population by 2022.
  • The seventh annual Global Tiger Day was celebrated in various ways around the world. Local events have been organized in Bangladesh, Nepal, and India as well as non-tiger-range countries such as England and the United States.
  • The World Wildlife Fund (WWF) continued its promotion of the "Double Tigers" campaign through investing in rangers.

United Nations World Day against Trafficking in Persons 2017 observed

  • The United Nations World Day against Trafficking in Persons 2017 was observed across the world on 30 July 2017.
  • This year, the United Nations Office on Drugs and Crime (UNODC) selected ‘Act to Protect and Assist Trafficked Persons’ as the focus of the Day. The theme emphasizes one of the most pressing issues of the large mixed migration movements of refugees and migrants. The theme puts focus on the significant impact of conflict and natural disasters, as well as the resultant, multiple risks of human trafficking that many people face. 
  • In addition, it addresses the key issue concerning trafficking responses: that most people are never identified as trafficking victims and therefore cannot access most of the assistance or protection provided.
  • The day aims at raising awareness of the plight of human trafficking victims, and promoting and protecting their rights.

All of  the news were already published in our Current Affairs Portal.



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