Current Affairs Update – 6 August, 2017

Hello and welcome to exampundit. Here are the Important Current Affairs of 6 August, 2017. These are very important for the upcoming IBPS PO, IBPS RRB, OICL AO, UIIC Assistant & NICL Assistant Exams.

Banking & Financial News

India signs USD 329 million loan pact with AIIB for Gujarat road project

  • India today signed a loan agreement with Asian Infrastructure Investment Bank (AIIB) for financing of USD 329 million for Gujarat Rural Roads Project, a finance ministry statement said.
  • The agreement was signed by Joint Secretary (MI) in the Ministry of Finance, Sameer Kumar Khare, on behalf of India and Vice President and Chief Investment Officer, AIIB, D J Pandian on behalf of the AIIB.
  • "The objective of the project is to improve the rural road connectivity and accessibility (by providing all weather road connectivity) to 1,060 villages in all the 33 districts in Gujarat state benefiting about 8 million people.
  • "The project will also benefit the service providers such as public transport operators, educational institutions, hospitals, local markets and traders," the statement said.


News related to India and states

GMR's Hyderabad airport becomes India's first to provide express security check

  •  GMR Hyderabad International Airport Ltd (GHIAL), which operates Rajiv Gandhi International Airport (RGIA), today said it has become the first airport in the country to provide a pre-embarkation security check right at the terminal's entry gate.
  • This will serve as 'Express Security Check' facility for domestic passengers travelling without any check-in baggage.
  • OP Singh, DG, Central Industrial Security Force (CISF) inaugurated this facility today in presence of SGK Kishore, CEO, GHIAL and other dignitaries from CISF and GHIAL, the airport operator said in a release.
  • The domestic passengers, after printing their boarding pass from the newly installed 'self-service kiosks' located conveniently at the departures forecourt area outside the terminal building, can now enter the Express Security Check lane without getting into the check-in area and head straight towards the boarding area, it said.
  • The new process will also benefit the airlines by reducing the queues at the check-in counters and improving their on-time performance (OTP). Further, the facility will also help in reducing the anxiety levels of passengers travelling through a busy airport.

India’s first private missile production facility unveiled

  • India’s first private sector missile sub-systems manufacturing facility, a joint venture between the $2.5 billion Kalyani Group and Israel’s Rafael Advanced Defence Systems Ltd., was inaugurated near Hyderabad on Thursday.
  • To begin with, the Kalyani Rafael Advanced Systems (KRAS) plant will make anti-tank guided missile (ATGM) Spike and the production is expected to begin in a few weeks, Kalyani Group chairman Baba N. Kalyani said. Besides supplying to the Indian Army, the plan is to export to South East Asian countries, he added.
  • Formed in line with the ‘Make in India’ initiative of the Centre and the policy to encourage private sector participation in defence production, the 51:49 joint venture will develop a wide range of advanced capabilities.
  • These include command control and guidance, electro-optics, remote weapon systems, precision guided munitions and system engineering for system integration. The plant would employ more than 300 engineers and provide indirect employment to 1,000 people.
  • Addressing the media ahead of the inauguration, Mr. Kalyani said Rs. 60-70 crore had been invested in the plant.



Economist Rajiv Kumar Appointed New Vice-Chairman of NITI Aayog

  • Economist Rajiv Kumar was on Saturday announced as the new Vice-Chairman of NITI Aayog, five days after Arvind Panagariya quit from the post and said he would return to academics.
  • The government also appointed Dr Vinod Paul, a pediatrician at the AIIMS, as a member of the NITI Aayog, an official spokesman said.
  • Kumar, who holds a DPhil in economics from Oxford and a PhD from Lucknow University, is a senior fellow at the Centre for Policy Research (CPR).
  • Earlier, he was Secretary General of the FICCI and had also served as Director and Chief Executive of the Indian Council for Research on International Economic Relations (ICRIER).
  • He was a member of the National Security Advisory Board between 2006 and 2008. He has also served as the chief economist of the Confederation of Indian Industries (CII) and held senior positions in the Asian Development Bank, the Indian Ministry of Industries, and the Ministry of Finance.

S. Aparna appointed Executive Director, World Bank

  • S. Aparna, an IAS officer from Gujarat cadre has been appointed as Executive Director, World Bank to represent the constituency of India, Bangladesh, Bhutan and Sri Lanka for three years.
  • A 1988-batch IAS, she is currently Principal Secretary to Gujarat Chief Minister Vijay Rupani. At the World Bank, she will replace Subhash Garg, who was recently appointed Economic Affairs Secretary, Ministry of Finance.
  • The Appointments Committee of the Cabinet (ACC) headed by Prime Minister Narendra Modi cleared Ms. Aparna’s name for the position and her appointment order was issued by the Department of Personnel and Training (DoPT) Saturday late night.
  • Among the top positions she held in Gujarat includes Principal Secretary, Economic Affairs, Surat Municipal Commissioner and Joint Secretary, urban development at centre.

Prabhat Kumar As The Next Ambassador Of India To The Republic Of Kazakhstan

  • Mr. Prabhat Kumar, (IFS: 1991), presently Ambassador of India to Colombia has been appointed as the country's next Ambassador to Kazakhstan.
  • A press release from the Ministry of External Affairs said that he was expected to take up the assignment shortly.

World News

Venus: First environmental research satellite launched by Israel

  • Venus, the first Israeli satellite for environmental research was launched on 2 August 2017 from the European spaceport in Kourou, French Guiana.
  • The satellite is a joint effort by the Israel Space Agency and the French Space Agency (CNES). The satellite was built in Israel by the Israel Aerospace Industries.
  • Venus is considered the smallest satellite of its kind in the world. It is crafted to survey and monitor large areas to study soil, vegetation, forests, agriculture, water and air quality and other aspects of the environment.
  • Venus stands for Vegetation and Environment monitoring on a New (µ) Micro-Satellite.

Awards & Honors

Veteran actress Sharada selected for 'Prem Nazir' award

  • Veteran actress and national award winner Sharada has been selected for this year's Prem Nazir Award.
  • The award, worth Rs 75,000, a statuette and a citation, was instituted by people of Chirayankeezhu, Nazir's home town in the district, in memory of Kerala's evergreen actor.
  • It will be presented to Sharada by state Devaswom Minister Kadakampally Surendran at a function at Chirayankeezhu on August 15, a press release said here today.
  • Sharada had won three national awards with the first being for her performance in 1968 tragedy film "Thulabharam", which was remade in Tamil also.
  • She has acted in several Telugu, Malayalam and Tamil films.
  • Actor T P Madhavan will also be presented Rs 50,000 cash award announced by Chirayankeezhu Panchayat.


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