Current Affairs Update – 5 August, 2017

Hello and welcome to exampundit. Here are the Important Current Affairs of 5 August, 2017. These are very important for the upcoming IBPS PO, IBPS RRB  & Other Exams.

Financial News

Maharashtra Government launches online portals MahaDBT, MahaVASTU

  • Maharashtra Government on 3 August 2017 launched MahaDBT and MahaVASTU, two online portals to streamline the process of Direct Benefit Transfer (DBT).
  • The portals were launched with an aim to bring in more transparency in construction sector and to provide direct benefits with 'Aadhaar' authentication.
MahaDBT portal

  • It is an Aadhaar-authenticated electronic mechanism that will enable direct transfer of benefits for over 40 schemes currently implemented by state’s various departments.
  • It is based on Union Government’s DBT scheme and Aadhaar will be mandatory to claim benefits through this portal.
  • It will help to speed up transfer of benefits and ensure transparency by minimising human intervention.
MahaVASTU portal

  • MahaVASTU is an Online Building Permission Management System with an electronic workflow for sanctioning building approvals with full transparency.
  • It will bring all building permission processes online with zero human intervention in all municipal corporations.

L&T bags Rs 3375-crore Mauritius metro order

  • Engineering conglomerate Larsen & Toubro in August 2017 announced Rs 3375 crore (18.8 Bn MUR) worth metro order from the Mauritius government. The projects will be fully funded through a grant by Union Government and line of credit.
  • In a press statement, the company said, “L&T has won the order from Metro Express Limited which is owned by the Government of Mauritius to design and build an Integrated Light Rail-based Urban Transit System in the African island nation.
  • The project comprises of a 26-kilometer route, which will connect Curepipe to Immigration Square in Port Louis.
  • The metro line will feature 19 stations, 2 of which will be state-of-the-art elevated stations.
  • The project is scheduled to be completed in 48 months.


News related to India & States

Bangalore launches India’s first ever Heli-taxi service

  • Bengaluru has launched a helicopter taxi service from its International airport (Kempegowda International Airport, KIA) to Electronics city, becoming the first in the country to do so.
  • The main aim of the move is to ease the commuting process for people in the city, beat the city’s extreme traffic scene and save precious time.
  • The Union Minister of State for Civil Aviation Jayant Sinha, while inaugurating the service on 4 August 2017, said, “we hope that Bengaluru will lead the way for other cities to adopt such services. In Sao Paulo, Brazil, a city similar to the size of Bengaluru, there are 300 helicopters operating as heli-taxis.”
  • Sinha stated that with the implementation of the service, travel will be seamless and there will be no need to fight traffic. He further appealed to the operators to fix the price in a way that it is competitive with air-conditioned road taxis.
  • The service, operated by Thumby Aviation Private Limited, is expected to begin in three months.
  • The operations would take off with one helicopter initially, Bell 407 chopper that has the capacity to seat 6 passengers.
  • In the first phase, the services will be operated between KIA and Karnataka’s software hub Electronics city, which will have a heliport soon enough.
  • It is expected to eventually expand to connect Whitefield, the HAL airport and some of the 90-odd high rise buildings that have rooftop helipads, based on the demand from people.
  • The service would reduce an otherwise over-two hours-long travel time by cab to just about 15 minutes.



M Venkaiah Naidu becomes India's 13th vice-president

  • After Ram Nath Kovind as President, NDA nominee Muppavarapu Venkaiah Naidu (68) has been elected as India's 13th Vice-president today.
  • With today's result, for the first time in history, BJP leaders would occupy top four constitutional posts of the country. All these posts would be rendered "Congress-mukt". President Kovind, Prime Minister Narendra Modi and Lok Sabha Speaker Sumitra Mahajan come from BJP.
  • Naidu received 516 votes out of 760 valid votes, while Gopal Krishna Gandhi got 204 parliamentarians .
  • Unlike the presidential election, in which the electoral college also includes MLAs, only MPs of the two Houses can vote in the vice-presidential poll.
  • Two time vice-president Hamid Ansari's term is ending on August 10 and Naidu will take oath the next day.
  • In the last vice-presidential polls held in 2012, Hamid Ansari was re-elected for the second term, defeating the NDA nominee Jaswant Singh by a margin of 252 votes.

Akshay Kumar appointed brand ambassador for Swachh Bharat Mission in Uttar Pradesh

  • Uttar Pradesh Chief Minister Yogi Adityanath today announced the appointment of Bollywood actor Akshay Kumar as the brand ambassador of the Swachh Bharat Mission in the state and also made his upcoming film "Toilet: Ek Prem Katha" tax free.
  • The movie stresses on the importance of building toilets and ending open defecation in the country.
  • Besides picking up the broom, the Chief Minister and the cast of the film also administered the oath of cleanliness to the children and others present at the event.


Do visit our current affairs portal for CA Updates of entire day:



Team ExamPundit