Current Affairs Weekly PDF

Current Affairs Weekly PDF – August First Week (1-7)

INDIAN AFFAIRS
• On July 31, 2107, Constitution 123rd Amendment Bill, 2017 for setting up of a National Commission for
Backward Classes was passed by Rajya Sabha after dropping an important clause.
• A campaign to protect children from major childhood diseases like measles, mumps and rubella has been
started in Kangra district of Himachal Pradesh from August 1, 2017. The campaign has been initiated
by Dharamshala Municipal Corporation Mayor Rajni Vyas.
• The Supreme Court has imposed a ban on the use of five harmful heavy metals likelithium, antimony,
mercury, arsenic and lead in the manufacturing of firecrackers as they cause air and noise pollution.
• The Prime Minister, Narendra Modi has announced a package of Rs 2350 crore for relief, rehabilitation and
building flood mitigation infrastructure in the flood-affectedNorth-Eastern states including Assam on
1st August 2017.
• The Union Government has proposed to establish an additional 14 new AIIMS (All India Institute of Medical
Science) in a phased manner in different States under Pradhan MantriSwasthya Suraksha Yojana (PMSSY).
• The Ministry of Electronics and Information Technology (MeitY) has appointed an expert panel
committee that would study various issues relating to data protection in the country and will suggest a draft
data protection Bill. It is a 10 member panel and it is headed by Supreme court Judge (retired) Justice B N
Srikrishna.
• On August 2, 2017, Lok Sabha passed two bills, CGST (Extension to Jammu and Kashmir) Bill, 2017 and
IGST (Extension to Jammu and Kashmir) Bill, 2017, extending Central Goods and Services Tax (GST) and
Integrated Goods and Services Tax (GST) to Jammu and Kashmir (J&K).
• In an attempt to promote innovation and entrepreneurship in agriculture, Government launched “AGRI
UDAAN”- Food and Agribusiness Accelerator 2.0 programme in New Delhi on August 4, 2017. The
program will be run by ICAR-NAARM Technology Business Incubator (TBI), a-IDEA and Indian Institute of
Management Ahmadabad’s Center for Innovation, Incubation and Entrepreneurship (CIIE).
• The Bihar Government has informed that it has decided to compulsory retirement to the non-performing
teachers, head masters and education department officials above the age of 50 years announced on 3rd of
August 2017.The committee is headed by RK Mahajan.
• On 3rd August 2017, Minister of State in the Ministry of Civil Aviation Shri Jayant Sinhainformed that the
Indian Government is encouraging to develop green airports, Airports Authority of India ( AAI )has
inaugurated installation of 1MWp solar power plant at Tirupathi and Vijaywada Airports.
• The state government of Assam has decided to distribute 13 lakh Soil Health Cards among farmers.
• The Yogi Adityanath cabinet in Uttar Pradesh has approved a proposal to rename the Mughalsarai railway
station near Varanasi after the Jan Sangh leader who died in 1968.
The centre has approved a proposal to rename the Mughalsarai railway station in Uttar Pradesh after RSS
ideologue DeenDayalUpadhyaya.
• Union Home Ministry passed an order to merge the three-decade old National Crime Records
Bureau (NCRB) with Bureau of Police Research and Development (BPRD).
• Sports utility vehicles (SUVs) and luxury cars, which became cheaper after the rollout of the goods and
services tax (GST) from July 1, 2017, may now cost more as the GST Council, has decided to raise cess on
them from 15% now to up to 25%.

PLACES IN NEWS
• India’s First Heli-taxi service launched by MoS for Civil Aviation Jayanth Sinha in Bengaluru. Kempegowda
International Airport (KIA) is the first airport and Bengaluru is the first city in the country with such a service.
• Union Agriculture Ministry signed a memorandum of association (MoA) for setting up a regional centre of
the International Rice Research Institute (IRRI) in Varanasi, Uttar Pradesh to develop high- yielding rice
varieties.
• AadiPerukku is celebrated for the birth of the Tamil month of Aadi. This is the beginning of all the festivals
during the festival seasons. It is celebrated in a special way in temples like MangaduKamakshi Temple.
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• On August 3, 2017, 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, Telangana.

INTERNATIONAL AFFAIRS
• World Bank has said that India is allowed to construct hydroelectric power facilities on tributaries of the
Jhelum and Chenab rivers with certain restrictions under the 1960 Indus Waters Treaty (IWT). World Bank’s
comments came as officials from India and Pakistan concluded the secretary-level talks over the IWT.
• The United States has issued a ban prohibiting its citizens traveling to North Korea. The ban which comes into
effect from 1st of September. The new ban will remain in effect for one year, unless it is revoked sooner by US
Secretary of State Rex Tillerson.
• A new representative body US- India Strategic Partnership Forum (USISPF) is being set up to enhance
business relations between India and US.
• Qatar’s Cabinet approved a draft law making permanent residency available to some non-citizens of the
country announced on 3rd of August 2017. Under the new law, Residency permits will be granted to children
of Qatari women married to foreigners.
• On August 2nd 2017,The United Nations Security Council (UNSC) has adopted a resolution to preventing
terrorists from acquired weapons, particularly small arms and light weapons.
• The Minister for Road Transport & Highways and Shipping Shri Nitin Gadkari has said that the government is
keen on developing Chabahar Port in Iran and is hopeful of starting operations by 2018. The Indian
Government has allocated Rs 6 billion for the development of the port.

SUMMITS & CONFERENCES

• 19th round of the Regional Comprehensive Economic Partnership (RCEP) Trade Negotiating Committee
(TNC) meetings and other related meetings were held from 17th to 28th July 2017 in Hyderabad, India.
• The first meeting of the Japan-India Coordination Forum (JICF) for Development of North-Eastern
Region was held in New Delhi on 4th of August 2017.
• On 1st and 2nd August 2017, Union Commerce Minister NirmalaSitharaman attended BRICS Trade Ministers
meeting in Shanghai, China. On the sidelines of this meeting she also held meeting with Chinese Minister of
Commerce Zhong Shan.
• Southeast Asian foreign ministers and their counterparts from the U.S., China, Russia, Japan, the two Koreas
and other have arrived to the 50th Association of Southeast Asian Nations (ASEAN) Regional Forum (ARF)
meeting in Manila on Aug 5, 2017.

RANKINGS & REPORTS

• As per ‘ICT Facts and Figures 2017’, released by the International Telecommunication Union (ITU), the
United Nations specialised agency for Information and Communication Technologies (ICTs), India and
China are home to 39% of the 830 million young people worldwide who use the Internet.

BANKING & FINANCE

Reserve Bank announces its third bi-monthly policy review of current fiscal
Policy Repo Rate 6.00% Reduced by 25 basis points. Earlier it was 6.25%
Reverse Repo Rate 5.75% Reduced by 25 basis points. Earlier it was 6.00%
Marginal Standing Facility Rate 6.25% Reduced by 25 basis points. Earlier it was 6.50%
Bank Rate 6.25% Reduced by 25 basis points. Earlier it was 6.50%
Cash Reserve Ratio (CRR) 4.00% Unchanged – since 9th February 2013
Statutory Liquidity Ratio (SLR) 20.00% Unchanged – since 7th June 2017
• As per a report by global financial services major UBS, Indian government is on track to achieving the fiscal
deficit target of 3.2% of Gross Domestic Product (GDP) in the current fiscal year.
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• Airtel Payments Bank; India’s first payments bank has announced a strategic partnership with Hindustan
Petroleum Corporation Limited (HPCL) on 1st of August 2017.
Under which 14,000 HPCL fuel stations will act as banking points for Airtel Payments Bank.
• SEBI has set up a committee on fair market conduct on 2nd of August 2017. It will suggest measures for
improving surveillance of the markets and strengthen rules for algo trades, among other norms. The panel is
headed by former law secretary T K Viswanathan.
• The State Bank of India (SBI) and Samsung India has announced the availability of Samsung Pay for higher
variants of SBI debit card to advance Digital India initiativeon 1st of August 2017.
• As per Japanese financial services firm Nomura, India along with ASEAN – 5 countries (Indonesia, Malaysia,
Thailand, Philippines and Vietnam) is more attractive Foreign Direct Investment (FDI) destination as
compared to other emerging markets. Nomura has dubbed as “Asia’s tiger cubs”and has said that Foreign
Direct Investment (FDI) flows to these nations are expected to surge to around USD 240 billion by 2025.
• State Bank of India plans to raise Rs 2,000 crore by allotting Basel-III compliant bonds to various investors.
• India signs loan agreement with AIIB for Financing of US$ 329 million for Gujarat Rural Roads Project.
• On August 4, 2017, Finance Minister ArunJaitley launched a new Exchange Traded Fund (ETF) under the
name Bharat 22, comprising shares of 22 companies from 6 sectors of the economy. The ETF will feature four
banking stocks — SBI, Axis Bank, Bank of Baroda and Indian Bank — other than CPSEs such as Nalco,
ONGC, IOC, BPCL and Coal India.
• Canara Bank has hit the international debt market with a benchmark dollar bond issue that will have a tenor of
5 years. Through this issue, Canara Bank will raise $400 million as part of its $2 billion medium-term note
programme. Bond sale will be drawn through London branch of Canara Bank.The bonds will be listed on
the Singapore Stock Exchange.
• Kotak Mahindra Bank has launched a new service called “Kotak Remit”.This service is an Aadhaar-based
integrated outward forex remittance solution for both customers and non-customers.
• The Securities and Exchange Board of India (SEBI) has directed to companies which fail to disclose any
default on the payment of interest or repayment of principal to banks or financial institutions within a day.
• During the week to July 28, the RBI showed data which refers the country’s foreign exchange reserves surged
by $1.536 billion to touch $392.867 billion, helped by rising in foreign currency assets (FCAs). In the
previous week, it had increased by $2.27 billion to $391.33 billion.
• In a bid to emerge as a top consumer finance brand in the digital space, mobile wallet major MobiKwik has
entered into a strategic partnership with Bajaj Finance to transform itself into a financial services app from a
payments app at present.
• Mastercard and PayPal have announced an extension of their partnership into Asia Pacific for making
MasterCard a clear payment option within PayPal.
• PNB customers will have to pay charges for depositing cash above Rs 5,000 in a non-base branch even if it is
located in the same city. A customer will have to pay Re 1 per Rs 1,000 for above Rs 5,000 cash deposit or
part thereof with a minimum of Rs 25 per transaction.

BUSINESS
• The new bilateral Agreement on Trade Commerce and Transit between India and Bhutan came into force on
29th July 2017. The agreement was last renewed on 29th July 2006 for ten years.
• Yoga Guru Baba Ramdev-led Herbal products manufacturer PatanjaliAyurved plans to team up with social
media site Facebook and search engine Google in a push to increase its digital presence for better online
marketing.
• On August 4, 2017, Indian Railways signed its first Engineering, Procurement and Construction (EPC)
contract with L&T for large electrification projects. Including this contract, Railways Ministry has signed total
nine EPC contracts for electrification of railway lines at a cost of Rs. 2,800 crore.
• Essar Ports has signed a 30-year concession agreement with the Government of Mozambique to develop a 20
million tons per annum (MTPA) coal terminal at Beira Portas part of a Public Private Partnership (PPP)
project.
• Mauritius government-led Metro Express Limited has given an order to Larsen & Toubro (L&T) to design

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and build an Integrated Light Rail-based Urban Transit System in the African island nation with an estimate
cost of Rs. 3,375-crore.
• Government revises the base year of All-India Wholesale Price Index (WPI) from 2004-05 to 2011-12.The
new series has 697 items as compared to 676 items in old series.
• Indian government has formulated National Trade Facilitation Action Plan (2017-20), a detailed action plan
with timelines for smooth implementation of WTO’s Trade Facilitation Agreement (TFA). Recommendations
made by four working groups on legislative changes, time release study, outreach programme and
infrastructure augmentation have been included in this plan.
• India’s leading FMCG Britannia Industries would set up its largest plant in Maharashtra in a food park at
Ranjangaon announced on 7th August 2017.

AWARDS & RECOGNITIONS

• Reliance Industries Chairman MukeshAmbani has become Asia’s 2nd richest personannounced on 1st of
August 2017.Ambani Net worth is $35.2 billion.LiKa-shing is the richest man in Hong Kong with a business
empire that ranges from telecommunications to retail and port.
• Former India hockey captain Dhanraj Pillay was honoured with the ‘Bharat Gaurav’ by East Bengal Football
Club on its foundation day on 1st August 2017.
• JK Rowling, the creator of Harry Potter tops the ranking of the highest paid author by Forbes with earnings of
£72m ($95) this year announced on 4th of May 2017.
• Veteran actress and national award winner Sharada has been selected for this year’s PremNazir. The award
will be presented to Sharada by Kerala state DevaswomMinisterKadakampallySurendran at a function at
Chirayankeezhu on August 15, 2017.
• Firoz Merchant, an Indian businessman in the United Arab Emirates (UAE), who has spent over USD 4
million to help free prisoners languishing in jails due to non-payment of debts, has been honoured with UAE’s
prestigious Community Service Medal.

APPOINTMENTS & RESIGNS

Appointee Designation- Organisation

Venkaiah Naidu 13th Vice-President of India
Sameer Garde Cisco president for India, Saarc region
Arvind Panagariya (resigns) NITI Aayog Vice Chairman
Lt.Gen. Abhay Krishna Eastern Naval Command chief
DhirendraSwarup BSE chairman
Christopher Wray Chief of FBI USA
Sanjay Baru Secretary General of FICCI
Peter O’Neill (Re-Elected) Prime Minister of Papua New Guinea
Hassan Rouhani Iran’s president for a second term
Rahul Dravid Brand ambassador of InCred (financial services group)
Harmanpreet Kaur DSP by Punjab Government
Ushanath Banerjee AIFF-chairman of Transfers Dispute Committee
Air Marshal Hemant Narayan Bhagwat Air Officer-in-charge Administration of IAF
Prabhat Kumar Ambassador of India to the Republic of Kazakhstan
Mohammad Mustafa CMD Of SIDBI
Indian-Americans are Neil Chatterjee, Krishna Members of the Federal Energy Regulatory
R. Urs, and Vishal Amin. Commission (FERC).
Akshay Kumar Brand ambassador of Swachh Bharat Mission- Uttar
Pradesh
Gautam Kaushik CEO of PayBack India
Paul Kagame Wins the Rwanda Election forPresident
DarshanLal First Hindu to work in Pak govt
Economist Rajiv Kumar Vice Chairman of NITI Aayog
Senior bureaucrat S Aparna Executive Director -World Bank
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ACQUISITIONS & MERGERS

• To build out a more elaborate personal assistant for the Messenger users, Facebook has acquired an artificial
intelligence (AI) startupOzlo that specialises in understanding text-based conversations. However, there are no
details so far about the financial terms of the deal.
• The National Company Law Tribunal (NCLT) has approved the proposed merger between Bharti
Airtel and Telenor India announced on 3rd of August 2017.
• Software services firm Infosys would acquire London-based firm Brilliant Basics for Rs 62.76 crore (£7.5
million).

MoUs
• Union Cabinet chaired by Prime Minister Narendra Modi apprised of MOU between India and Spain on India-
Spain cooperation in renewable energy.
• Union Cabinet has given its ex-post facto approval for a Memorandum of Understanding (MoU) signed
among India and various BRICS countries (Brazil, Russia, China & South Africa) for establishment of
the BRICS Agriculture Research Platform (BRICS-ARP).
• India and Somalia has signed an agreement on1st of August 2017. The agreement has been signed for transfer
of sentenced persons.
• The Delhi Police has tied up with Uber for enhancing the women safety. Commuters can now access the Delhi
Polices women safety mobile application Himmat via cab aggregator Ubers application while travelling in
taxis.
• Multi Commodity Exchange of India Limited (MCX) and Mahindra Agri Solutions Ltdhave signed a
Memorandum of Understanding (MoU) to provide agriculture related price
information. This information would be available on their recently launched mobile application
‘MyAgriGuru’ which is available for free on Google play store.
• ISRO and CSIR-NPL sign MoU for time and frequency traceability services. The MoU provides for time and
frequency traceability services to ISRO by CSIR-NPL.
• On August 3rd 2017, Tata Memorial Centre has joined with the Indian Dental Association (IDA) to initiate
India’s first digital initiative for prevention and early detection of oral cancer.
COMMITTEE
• A high level committee headed by former Supreme Court Judge Justice B N Srikrishna set up to review the
Institutionalization of Arbitration Mechanism, has submitted its recommendations to Union Law ministry.

SCIENCE & TECHNOLOGY

• The all-new Jeep Compass SUV has been finally launched in India with prices starting at a very
competitive Rs. 14.95 lakh for the entry-level Sport petrol and goes up to Rs. 20.65 lakh (ex-showroom) for
the range-topping diesel.
• Scientists in the U.S. (Researchers at Nemours Children’s Hospital and the University of Central Florida
(UCF)) have found a method to use curcumin, the bioactive component of turmeric, to treat cancer in children.
• The Union Government has launched a portal, e-RashtriyaKisanAgriMandi(e-RaKAM) on 1st of August
2017. The e-RaKAM is a first-of-its-kind initiativethat leverages technology to connect farmers of the
smallest villages to the biggest markets of the world through internet and e-RaKAMcentres.
• The Indian Army has developed a mobile application app “Humraaz”through which serving soldiers can track
their details like postings and promotions.
• An international team of scientists have discovered a way to successfully freed embryos of a piece of faulty
DNA that causes deadly heart disease in families.
• Indian Railways have launched to provide the ‘buy tickets now and pay later’ service for any Express
trains announced on 3rd of August 2017.Through this service a passenger can book a ticket five days prior to
the journey with a service charge of 3.5% and pay it in the next 14 days.
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• Maharashtra Government has launched two online portals MahaDBT and MahaVASTU to ease the process of
direct benefit transfer (DBT).It is the first state in the country to launch such a system that will provide direct
benefits with Aadhaar authentication.
• Two satellites have been launched by Israel that is one dedicated to monitoring the effects of climate change
on vegetation were successfully launched into orbit. The satellites were launched from Korou, in French
Guiana, at 10:56 PM (local time) on 3th of August 2017.
• NASA’s Curiosity rover which found evidence that ancient Mars had the fair conditions to support microbial
life has marked five years of exploring the red planet. The Mountain found in the middle of the crater about
long ago lakes on Mars.
• Researchers at the Indian Institute of Technology (IIT) Delhi have tested a new antibiotic drug-delivery
system that improves the efficacy of drugs thereby reducing the dosage used for treating bacterial infections.A
peptide called sushi-peptide, which has not been approved for clinical use, bound to gold nanoparticles was
able to kill coli and Salmonella typhi more efficiently at lower dosages.
• Indian Institute of Science (IISc)researchers from Bengaluru have developed a highly sensitive, low cost
nanometre-scale carbon monoxide (CO) sensor with possible applications in environmental pollution
monitoring.
• NASA’s Hubble Space Telescope has discovered the strongest evidence for a stratosphere on an enormous
planet outside our solar system, WASP-121b.

DEFENCE
• Sri Lankan Navy has commissioned an India-built state-of-the-art Advanced Offshore Patrol Vessel
(AOPV) announced on 5th of August 2017. Sri Lankan President and Armed Forces commander-in-chief
MaithripalaSirisena commissioned the new patrol vessel “SLNS Sayurala” at a ceremony at the Eastern
Container Terminal of the Port of Colombo.
• A 66-member Indian Navy band has joined the historic Royal Edinburgh Military Tattoo in the
UK announced on 5th of August 2017. Royal Edinburgh Military Tattoo will join for this year’s musical event
where they will mark the 70thyear of India’s Independence.
• China has formally launched its first overseas naval facility in Djibouti, an East African nation. The event
marked the 90th anniversary of the Chinese military.

ENVIRONMENT
• As per two different studies, using entirely different methods published in the journal Nature Climate Change,
the global temperature is likely to rise more than 2 degrees Celsius by the end of this century.
• An international team of astronomers has found that the Sun’s core rotates nearly four times faster than its
surface. These low-frequency waves, called g-modes, revealed that the solar core is rotating some four times
faster than the solar surface.
• The Archaeological Survey of India has declared all ASI protected Monuments and Archaeological Sites as
‘Polythene Free Zone’ announced on 4th of August 2017. The move follows a recommendation by
the Ministry of Culture that suggested prohibition on the use of polythene.

SPORTS
• According to the latest ICC Test Rankings RavindraJadeja maintained his top positionin the bowlers’
list while India skipper ViratKohli remained stayed at fifth place in the batting charts released on 1st of
August 2017. The batting list is being topped by Australia captain Steve Smith.
• Paris will host the 2024 Summer OlympicsGames. Los Angeles will host the 2028 Summer Olympics after
reaching a deal with Olympic organizers, the Los Angeles Times reported on 31st of July 2017.
• Indian Super League Club FC Goa has confirmed the signing of Moroccan International Ahmed Jahouh on a
one year loan deal from FUS Rabat of Morocco.
• Neymar has become the most expensive player in football history after completing his blockbuster transfer
to Paris Saint-Germain from Barcelona for 222 million euros ($262 million).Neymar had signed a five-year
contract to PSG until June 2022.
• DevendraJhajharia has become the first paralympian to be recommended for India’s highest sporting
honour — the Rajiv Gandhi Khel Ratna — along with celebrated former hockey captain Sardar Singh.
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• Indian doubles pair of JoshnaChinappa and Dipika Pallikal Karthik bagged for a bronze medal at the WSF
World Doubles Squash Championship in Manchester England.
• On August 5, 2015, Boxer Vijender Singh of India defeated China’s ZulpikarMaimaitialito win the unified
WBO Asia Pacific and Oriental Super Middleweight title in Mumbai. This was Vijender Singh’s ninth
successive win in his professional career.
• Ukrainian former professional boxer WladimirKlitschko has announced his retirement from boxing at the age
of 41.
• Usain Bolt has finished third in his final individual event at the 16th World Athletics Championships - London
6th of August 2017.Justin Gatlin from USA has received gold and Bolt had to settle for Bronze in 100 m
Final. American Christian Coleman took silver with 9.94 having beaten Bolt in the semi-finals.
• India’s ManjuKumari clinched the bronze medal in women’s 59kg category of the Junior World Wrestling
Championship in Tampere, Finland.
• Oil and Natural Gas Corporation (ONGC) has beaten Bengaluru Hockey Association (BHA) by 4-2 in the
final in 91st All-India MCC-Murugappa Gold Cup hockey tournament held in Chennai on 6th of August
2017. ONGC has also defeated Indian Railways in the semi-finals.
• Indian shooter Ankur Mittal has won the individual as well as the team gold medal in Men’s double trap at the
7th Asian Shotgun Championship held in Astana, Kazakhstan.
• Kerala High Court ordered Board of Control for Cricket in India (BCCI) to lift the life ban imposed on
Cricketer Sreesanth in the wake of the 2013 IPL spot-fixing scandal.

OBITUARY
• Eminent Dhrupad singer UstadSayeeduddinDagar passes away at 78
• Senior Congress leader and former Union minister Santosh Mohan Dev has passed away in Silchar, Assam on
2nd of August 2017. He was 83.
• Sam Shepard, the Pulitzer Prize-winning playwright and Oscar-nominated actor passed away on 27th July
2017. Shepard was from Fort Sheridan, Illinois U.S.
• Dr P M Bhargava, an eminent scientist and founder-director for Cellular and Molecular Biology (CCMB)
passed away on 1st of August 2017.
• An India international hockey player, Jyoti Gupta a 20-year-old has committed suicide on 2nd of August
2017.Jyoti hails from Sonepat and had represented India in the South Asian Games in 2016.
• English actor, Robert Hardy, famous for his role as Cornelius Fudge in Harry Potter, passed away on August
3, 2017.
BOOKS & AUTHORS
• The world’s shortest woman Jyoti Amge has presented a 51-feet high book at a programme on 6th of August
2017. The book KadveVachan is written by Jain saint Acharya TarunSagarMaharaj. It was unveiled by her in
the presence of BJP state president Ashok Parnami.

IMPORTANT DAYS
• The Non-cooperation movement was launched on 1st August 1920 by the Indian National Congress
(INC) under the leadership of Mahatma Gandhi. It signified a new chapter in the history of Indian freedom
struggle.
• World breastfeeding week 2017 is being celebrated from 1st to 7th August 2017 with the theme “Sustaining
Breastfeeding Together”.
• Japan has observed the 72nd anniversary of the atomic bomb attack in Hiroshima on 6th of August 2017.
• National Handloom Day is being observed on 7th August 2017 to encourage people to use hand-made loom in
the country. It is celebrated every year due to its significance in India’s history, as ‘Swadeshi Movement’ was
launched in 1905 on this day.

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