(DAILY NEWS INDIA)
1. PM MODI INAUGURATES APJ ABDUL KALAM’S MEMORIAL IN RAMESWARAM,
TN
i. PM Narendra Modi inaugurated APJ Abdul Kalam’s memorial in Rameshwaram
in Tamil Nadu on the 2nd death anniversary of the former president. PM Modi
also hoisted the national flag at the memorial.
ii. The memorial has been designed and built by the Defence Research and
Development Organisation. It has been build at a cost of 20 cr and blends
Mughal and Indian architecture.
iii. PM Modi also distributed sanction letters to the beneficiaries of
long liner trawlers under the ‘Blue Revolution’ scheme and also flagged off a
new express train from Ayodhya to Rameswaram .Later PM Modi released a synopsis
of the ‘Green Rameswaram’ project.
2. RECENT APPROVALS BY CENTRAL GOVERNMENT: JULY 27 2017
i. Union Cabinet chaired by PM Narendra Modi approved following bilateral
agreements and initiatives:
ii. Cabinet gives ex-post facto approval for amendment of the Constitution
(Application to Jammu & Kashmir) Order, 1954. Cabinet apprised of the MoU
signed between Palestine and India on cooperation in the field of youth affairs
and sports.
iii. Cabinet apprised of the Joint Declaration of Intent between Germany
and India on Indo German-Centre for Sustainability.
iv. Cabinet approves revision of cost of Socio Economic and Caste Census
2011. Union Cabinet cleared a new Minimum Wage Code Bill that will integrate
four different wage legislations on 27 July.
3. PUNJAB NATIONAL BANK TIES UP WITH BAJAJ ALLIANZ GENERAL FOR
DISTRIBUTION
i. Punjab National Bank and Bajaj Allianz General Insurance have signed an
agreement for the distribution of insurance products through the branches.
ii. Bajaj Allianz General Insurance will offer Personal lines of insurance
and Commercial line of insurance products to the banks customers.
iii. Personal Line of Insurance includes health, personal accident, home
motor and travel insurance. Commercial Line of Insurance includes Property,
marine and engineering insurance.
iv. Bajaj Allianz will ensure a seamless and instant insurance experience
to the bank’s urban as well as rural
customers through its digital offices.
4. BSE INKS COOPERATION PACT WITH EGYPTIAN EXCHANGE
i. BSE has joined hands with Egyptian Exchange for cooperation in exchange
of information across business areas.
ii. The exchange aim is to cross list and trade securities and it would
provide new investment alternatives to investors in both markets. The MoU
between BSE and EGX represents an important step in integrating both the
exchanges to build capital market flows.
iii. Through the MoU a range of opportunities has been explored for the
development of their businesses, products and markets to share knowledge and
strengthen international connectivity.
iv. This MoU further complements EGXs strategy to cooperate with global
exchanges beyond its traditional markets in Africa, the Middle East and Europe.
5. JDU PRESIDENT NITISH KUMAR SWORN-IN AS CHIEF MINISTER OF
BIHAR FOR 6TH TIME
i. Janata Dal (United) President, Nitish Kumar took oath as CMof Bihar for
6th time. Ending the grand alliance between his party, Congress and Lalu Prasad
Yadav’s Rashtriya Janata Dal, Nitish Kumar will now form the new government
with the support of BJP-led NDA.
ii. Senior Bihar BJP leader Sushil Kumar Modi also took oath as Deputy
Chief Minister. After Nitish Kumar resigned as CM of Bihar on account of
differences with RJD, BJP announced support for JD(U) and Nitish Kumar as chief
minister. BJP also added that it will be a part of the government.
6. AXIS BANK APPROVES RE-APPOINTMENT OF SHIKHA SHARMA AS CEO
i. Axis Bank has re-appointed Shikha Sharma as MD & CEO of Axis Bank
for 3-year term from June 2018.
ii. Axis Bank has informed Bombay Stock Exchange that board of directors
has approved the re-appointment. Sharma began her career with the infra lender
ICICI Ltd in 1980 and played a key role in setting up the group’s investment
banking business.
iii. The Board of Directors at its meeting has approved the re-appointment
of Smt. Shikha Sharma as the Managing Director & CEO of the Bank. She joined
the bank in 2009 with a 5-year mandate which was subsequently extended.
7. AXIS BANK TO BUY FREECHARGE FROM SNAPDEAL FOR RS 385 CR
i. Axis Bank has announced that it has agreed to buy mobile payments
wallet provider FreeCharge from e-commerce company Snapdeal for Rs 385 cr.
ii. By acquiring Freecharges business would give Axis Bank access to about
52 million mobile wallet holders of Freecharge as well as about 150 to 200
professionals.
iii. The acquisition will double the customer base of the bank. Freecharge
presently has revenue of about Rs 80 cr. Axis Bank offers key payment modes —
mobile banking, debit cards, credit cards, forex cards and UPI payments.
iv. The bank has been driving digital acceptance and has established the
2nd largest merchant network with over 4,33,000 PoS machines.
v. Axis Bank has been actively participating in market leading payment
innovations through partnerships with Samsung Pay, Kochi Metro and BMTC.
8. NATIONAL CENTRE FOR SEISMOLOGY LAUNCHES ‘INDIA QUAKE’ – AN
APP FOR EARTHQUAKE PARAMETER DISSEMINATION
i. On the occasion of Foundation Day of Ministry of Earth Sciences in New
Delhi Dr. Harsh Vardhan, Union Minister of Science & Technology, Earth
Sciences and Environment, Forests & Climate Change, has launched an
app“India Quake”.
ii. National Centre for Seismology operates national seismological network
with 84 stations. These stations are connected to NCS headquarter through VSAT
for real time data communication.
iii. To overcome this, a Mobile App has been developed by the NCS for
automatic dissemination of earthquake parameter after the occurrence of
earthquakes.
iv. The App will make information dissemination faster with no
restrictions on the number of recipients.
9. INDONESIA TO HOST AFC U-19 CHAMPIONSHIP
i. The Asian Football Confederation Competition Committee has awarded
Indonesia the hosting of the AFC Under-19 championship 2018.
ii. The AFC U-19 championship is scheduled to be held from 18 Oct to 4 Nov
2018.
OBJECTIVE QUESTIONS BASED
ON TODAY’S NEWS
Q1. BOMBAY STOCK EXCHANGE HAS SIGNED A MOU WITH WHICH ENTITY FOR
COOPERATION IN EXCHANGE OF INFORMATION ACROSS BUSINESS AREAS?
a) Italian Exchange
b) Australian Exchange
c) Nigerian Exchange
d) Egyptian Exchange
Q2. WHO AMONG THE FOLLOWING INAUGURATED APJ ABDUL KALAM’S
MEMORIAL IN RAMESHWARAM IN TAMIL NADU ON THE 2ND DEATH ANNIVERSARY OF THE
FORMER PRESIDENT?
a) Prime Minister Narendra Modi
b) President Ram Nath Kovind
c) Tamil Nadu CM K Palaniswami
d) Vice President Hamid Ansari
Q3. GOVERNMENT LAUNCHED WHICH APPS FOR DISSEMINATION OF
EARTHQUAKE PARAMETERS TO THE USER COMMUNITY IN TIMELY MANNER FOR THEIR SAFETY?
a) ‘India Tectonic’
b) ‘India Quatrz’
c) ‘India Quake’
d) ‘India Richter’
Q4. WHICH COUNTRY WILL HOST ASIAN FOOTBALL CONFEDERATION
UNDER-19 CHAMPIONSHIP NEXT YEAR?
a) Philippines
b) Indonesia
c) Thailand
d) Sri Lanka
Q5. JANATA DAL (UNITED) PRESIDENT, NITISH KUMAR TOOK OATH AS
CHIEF MINISTER OF BIHAR FOR ____TIME?
a) 4th time
b) 7th time
c) 6th time
d) 5th time
ANSWERS:
1 - D 2
- A 3 - C 4 - B 5 - C
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