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Thursday, August 10, 2017

DAILY CURRENT AFFAIRS: 4 AUG 2017

DAILY CURRENT AFFAIRS: 4 AUG 2017
(DAILY NEWS INDIA)
SHARED BY: WWW.DAILYGK.IN

1. LOK SABHA PASSES TWO KEY BILLS FOR IMPLEMENTATION OF GST IN J&K
i.  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 and Integrated Goods and Services Tax to Jammu and Kashmir.
ii. The two Bills passed by the House by a voice vote are aimed at giving effect to the formal amendments required in Central GST and Integrated GST Acts by removing the exemption that was carved out for Jammu &Kashmir.
iii. Finance Minister Arun Jaitley has mentioned that GST is in the larger interest of traders and consumers of Jammu and Kashmir and extending Central GST and Integrated GST to Jammu and Kashmir will ensure greater economic integration of the state with rest of the country.

2. GOVT INKS MOA TO SET UP IRRI’S REGIONAL CENTRE IN VARANASI
i. Union Agriculture Ministry  signed a memorandum of association for setting up a regional centre of the International Rice Research Institute in Varanasi, Uttar Pradesh to develop high- yielding rice varieties.
ii. The MoA was signed between Agriculture Secretary Shobhana K Patnaik and IRRI Director General Matthew Morell.
iii. IRRI’s South Asia Regional Centre will be set up at the campus of National Seed Research and Training Centre in Varanasi.

3. RECENT APPROVALS BY CENTRAL GOVERNMENT: AUGUST 3, 2017
i. Union Cabinet chaired by PM Narendra Modi approved following bilateral agreements and initiatives: Cabinet apprised of MOU between India and Spain on India-Spain cooperation in renewable energy
ii. Union Cabinet has given its ex-post facto approval for a Memorandum of Understanding signed among India and various BRICS countries (Brazil, Russia, China & South Africa) for establishment of the BRICS Agriculture Research Platform.
iii. The Union Cabinet cleared a proposal to extend proxy voting to overseas Non –Resident Indians.


4. AADI PERUKKU FESTIVAL CELEBRATED IN TAMILNADU
i. Aadi Perukku is celebrated for the birth of the Tamil month of Aadi. This is the beginning of all the festivals during the festival seasons.
ii. During the month of Thai and Aadi the sun changes directions so it is celebrated in that way. It is celebrated in a special way in temples like Mangadu Kamakshi Temple. In Aadi every friday is celebrated as “Aadivelli”.
iii. The new moon day of this month is celebrated as “AadiAmavasai” which is to remember our ancestors who have reached heavens. The first day of this month is celebrated as Aadipandigai or Aadipirappu, which is an important festival to most tamils, especially newly-weds.

5. SBI TO RAISE 2000 CR VIA BASEL- III BONDS
i. State Bank of India plans to raise Rs 2,000 cr by allotting Basel-III compliant bonds to various investors.
ii. The committee of directors for capital raising accorded its approval on 3rd of August. It will allot 20,000 AT1 Basel-III compliant non-convertible, perpetual, subordinated bonds in the nature of debentures.
iii. The bonds will carry a coupon rate of 8.15% per annum with a call option after 5 years or the anniversary date thereafter. Shares of SBI were trading 1.67% lower at Rs 302.50 on the BSE.

6. MCX, MAHINDRA AGRI SIGN MOU FOR AGRICULTURE RELATED PRICE INFORMATION
i. Multi Commodity Exchange of India Limited and Mahindra Agri Solutions Ltd have signed a Memorandum of Understanding to provide agriculture related price information.
ii. This information would be available on their recently launched mobile application ‘MyAgriGuru’ which is available for free on Google play store. This MoU would enhance the decision-making ability of the farmers.
iii. MahindraAgri Solutions Ltd is a wholly owned subsidiary of Mahindra and Mahindra. This partnership also strengthens the vision of the two leading organizations to empower farmers by offering knowledge based solutions.
iv. It also fulfills another Government’s motive to digitize the agricultural sector. Through this partnership, it will enable farmers to manage prices and also provide them with solutions that boost both agricultural productivity and farm incomes substantially.
v. The main objective is to educate farmers by delivering complete information on agricultural products.

7. HASSAN ROUHANI SWORN IN AS IRAN’S PRESIDENT FOR A 2ND TERM
i. Hassan Rouhani was officially sworn in as the President of Iran for a 2nd term. Iran’s supreme leader Ayatollah Ali Khamanei gave his official approval for Rouhani’s appointment.
ii. Rouhani will administer the oath at the Iranian parliament on 5th August. Before that, he has to present his cabinet before the parliament for a vote of confidence.

8. HARMANPREET KAUR APPOINTED AS DSP BY PUNJAB GOVERNMENT
i. The Punjab state government has appointed Harmanpreet Kaur to the post of Deputy Superintendent of Police in the state police.
ii. Harmanpreet, the all-rounder cricketer had made 171 runs from 115 balls against Australia in the semi-finals and steered India into the ICC Women’s World Cup 2017 final.
iii. CM Amarinder Singh has directed the state Director General of Police Suresh Arora to complete the necessary formalities for her appointment. After Kaur’s appointment to the force, they would be setting up a cricket team within the police department.

OBJECTIVE QUESTIONS BASED ON TODAY’S NEWS

Q1. UNION CABINET HAS GIVEN ITS EX-POST FAC TO APPROVAL FOR A MEMORANDUM OF UNDERSTANDING SIGNED AMONG INDIA AND VARIOUS BRICS COUNTRIES (BRAZIL, RUSSIA, CHINA & SOUTH AFRICA) FOR ESTABLISHMENT OF THE BRICS-ARP. ABBREVIATION ‘ARP’ STANDS FOR?
a)  Agriculture Research Portal
b)  Agriculture Regulatory Platform
c)  Agriculture Regulatory Portal
d)  Agriculture Research Platform
Q2. UNION AGRICULTURE MINISTRY HAS SIGNED A MEMORANDUM OF ASSOCIATION FOR SETTING UP A REGIONAL CENTRE OF THE INTERNATIONAL RICE RESEARCH INSTITUTE IN?
a)  Bhopal
b)  Varanasi
c)  Hyderabad
d)  Jaipur
Q3. AADI PERUKKU FESTIVAL IS CELEBRATED IN WHICH INDIAN STATE?
a)  Karnataka
b)  Andhra Pradesh
c)  Tamil Nadu
d)  Kerala
Q4. HASSAN ROUHANI HAS BEEN SWORN IN AS THE PRESIDENT OF WHICH COUNTRY FOR A 2ND TERM?
a)  Iran
b)  Saudi Arabia
c)  Kuwait
d)  Oman
Q5. WHO AMONG THE FOLLOWING INDIAN WOMEN CRICKETER HAS BEEN APPOINTED TO THE POST OF DEPUTY SUPERINTENDENT OF POLICE IN THE PUNJAB STATE POLICE?
a)  Mithali Raj
b)  Jhulan Goswami
c)  Dipti Sharma
d)  Harmanpreet Kaur

ANSWERS
1 - D    2 - B    3 - C    4 - A    5 - D


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