Daily One Liner Current Affairs Update - 6 July, 2017


Hello and welcome to exampunditHere are the One Liner Current Affairs Update of 6 July, 2017.


Banking & Financial News Updates
  • China-led Asian Infrastructure Investment Bank (AIIB) on July 5 said that its board has approved $329 million loan to build access roads to 4,000 villages in Gujarat.
  • Axis Bank on July 5 said it has launched Super Bike Loans for 500cc and above bikes.
  • Mid-sized microfinance institution Svatantra Microfin is looking at doubling its loan disbursals to rs 800 crore by 2019, even as it plans to expand its operations to more States within the same period. Svatantra has also launched an app, an end-to-end cashless solution called Saathi, for an entire spectrum of operations in areas such as loan originating system, loan management system and collections. In partnership with third-party service providers, it has also created a affordable, cashless mediclaim product for up to five family members.
  • The ministry of power on July 5 launched a mobile app and web portal for tracking and managing merit order dispatch of power. The web portal, called MERIT (Merit Order Despatch of Electricity for Rejuvenation of Income and Transparency), according to the government, would entail savings of close to Rs 20,000 crore to consumers in the coming five years.
  • Union Government, which is closely monitoring the price and supply situation of commodities following implementation of Goods and Services Tax (GST), on 4 July 2017, said that the manufacturers/companies have time until 30 September 2017 to clear the unsold pre-GST goods.

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India & States News Updates
  • President Pranab Mukherjee on 4 July 2017 approved the promulgation of The Prevention of cruelty to Animals (Karnataka Amendment) Ordinance, 2017 to legalise Kambala in Karnataka. Kambala is the folk sport involving the bullock cart race.
  • During his historic visit to Israel that started with firm handshakes and hugs on 4 July 2017, the Prime Minister Narendra Modi said that common objective of his visit to the country is the economic prosperity of the two nations.
  • The Indian School of Business (ISB) has taken up multi-disciplinary research initiative on Aadhaar and its implications.
  • The Haryana government is planning to set up an environment-friendly transportation system in Gurgaon on the pattern of Poland.
  • The Union Environment Minister, Dr. Harsh Vardhan launched a month-long plantation drive to mark Van Mahotsav on 5 July 2017. The Minister planted a sapling and also distributed saplings for plantation to local residents.


Appointments
  • Somesh Goyal, a 1984-batch IPS officer of Himachal Pradesh cadre, was on 5 July 2017 appointed as the Director General of Police (DGP) of Himachal Pradesh.



World News Updates
  • The Beijing Declaration on Education was adopted during the 5th Meeting of BRICS Ministers of Education in Beijing, China on 5 July 2017.
  • Chinese tech major Xiaomi on 5 July 2017 signed an agreement for business collaboration and patent licencing with Finnish mobile phone manufacturer Nokia. As per the agreement, Xiaomi will acquire key patent assets from Nokia.
  • German car giant Volkswagen on 4 July 2017 announced its return to the Iranian market for the first time in 17 years due to the lifting of economic sanctions.
  • A group of scientists discovered fossils belonging to an ancient, extinct crocodile relative that has deep and massive jaw bones armed with enormous serrated teeth like those of a T-rex in Madagascar. It is nicknamed Raazana.
  • A new fast-growing Israeli flower on 4 July 2017 was named after Prime Minister Narendra Modi. The step comes as a special gesture to mark the first visit of an Indian Prime Minister to the Jewish nation. Israeli Crysanthumum flower will now be called Modi.


Lists
  • The International Centre for Climate Governance (ICCG) recently ranked The Energy Resources Institute (TERI) second among world’s best climate think tank.











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