Daily One Liner Current Affairs Update - 2 August, 2017

Hello and welcome to exampunditHere are the One Liner Current Affairs Update of 1 August, 2017.

Banking News on 2 August
  • The Union Government on 1 August 2017 launched a portal, e-RaKAM, to provide a platform to sell agricultural produce. The portal is a joint initiative by state-run-auctioneer MSTC and Central Warehousing Corporation arm CRWC.
  • The RBI has cut the repo rate by 25 bps to 6%. This was on expected lines as market consensus predicted a 25 bps cut. Reverse repo rate has also been cut by 0.25 per cent to 5.75 per cent.


News related to India & states on 2 August
  • Prime Minister Narendra Modi on 1 August 2017 announced a Rs 100 crore corpus to study and find a permanent solution to the flood problem in the North-Eastern states of India.
  • Maharashtra Government is planning to relocate tigers from Vidarbha region of the state to the sanctuaries elsewhere where their population is smaller, including Sahyadri Tiger Reserve (STR). Sahyadri Tiger Reserve (STR) is located in Sahyadri ranges in the western Maharashtra, which has only seven tigers at present.
  • The Rajya Sabha on 1 August 2017 passed the Right of Children to Free and Compulsory Education (Amendment) Bill, 2017 that amends Right of Children to Free and Compulsory Education (RTE) Act, 2009. The Bill extends the deadline for teachers to acquire the prescribed minimum qualifications for appointment by 4 years.
  • Jharkhand Cabinet on 1 August 2017 approved Religious Freedom Bill 2017. The bill named as Jharkhand Freedom of Religion Bill, 2017 seeks to bring the stringent anti-conversion law in place under which forceful or allurement induced religious conversion will be a non-bailable criminal offence.
  • India and Somalia on 1 August 2017 signed a bilateral agreement for the transfer of sentenced persons. The move is step forward in deepening humanitarian cooperation between the two nations.

Appointments on 2 August

  • Sanjaya Baru was on 1 August 2017 appointed as the Secretary General of the Federation of Indian Chambers of Commerce and Industry (FICCI) with effect from 1 September 2017.
  • The US senate on 1 August 2017 confirmed the appointment of Christopher Wray as the Director of Federal Bureau of Investigation (FBI). Wray was elected to the post by winning 92-5 votes of the Senate.
  • Shahid Khaqan Abbasi, the loyal supporter of Ex-Prime Minister of Pakistan Nawaz Sharif, replaced Nawaz as the Prime Minister of Pakistan. The lower house of parliament has elected him the new Prime Minister of Pakistan.

Obituaries on 2 August
  • Pushpa Mitra (PM) Bhargava, a veteran molecular biologist and a ardent critic of Genetically Modified crops, passed away on 1 August 2017 following a prolonged illness. He was 89. Bhargava was the Founder-Director of Hyderabad-based Centre for Cellular and Molecular Biology (CCMB).



Team ExamPundit