THE HINDU REVIEW: JULY 2017 - Career Power
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THE HINDU REVIEW: JULY 2017
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THE HINDU REVIEW: JULY 2017
THE HINDU REVIEW: JULY 2017
Banking Current Affairs more effective supervision of internationally active
banks.
Karnataka Bank, in association with its PNB MetLife
State Bank of India (SBI), the Carlyle Group and GE
launched Met Loan and Life Suraksha (MLLS), a single
announced that they have signed definitive
premium plan covering the loan liability of a customer.
agreements, whereby SBI and Carlyle Group will
Small Industries Development Bank of India (SIDBI)
acquire GE Capital's entire stake in SBI Card, the
started full-fledged merchant banking operations to
second-largest credit card franchise in India.
benefit the expanding number of growth-oriented
The decline in rate of inflation and high real interest
micro, small and medium enterprises (MSMEs). The
rates have prompted SBI to cut the savings bank
initiative aimed at enhancing the access of MSMEs to
deposits rate from 4 per cent to 3.5 per cent on deposits
the capital markets, including the SME Trading
below Rs. 1 crore. The savings bank deposits above Rs.
Platform and Institutional Trading Platform.
1 crore will continue to earn 4 per cent interest. The cut
Canara Bank launched its first ‗Digital Banking Branch‘
in SB rate will enable it to maintain the marginal cost of
named 'CANDI' in Bengaluru. The branch will provide
funds based lending rate at the current level.
an end-to-end digital experience to customers. The
ICICI Bank will be selling personal loans of up to Rs 15
bank has introduced customer-friendly mobile apps
lakh through its ATMs that can be availed of by select
which help customers get most of the information
salaried customers even if they haven't previously
related to their accounts from the app without the need
applied for one.
to visit the branch.
State Bank of India has launched 'SBI Realty' - a one-
Aurionpro Solutions a global leader in digital
stop integrated website www.sbirealty.in for home
innovation, enterprise security and banking solutions,
buyers. This will help customers to choose their dream
announced its Branch-in-a-Box product, the Virtual
home from 3,000 SBI approved projects across the
Teller Machine (VTM) a fully integrated self-service
country.
kiosk for automating 90% of banking transactions at
FINO Payments Bank has commenced operations as a
the branch level.
payments bank. FINO PayTech Ltd, Navi Mumbai,
Standard Chartered Bank launched a Multi-currency
was one of the 11 applicants which were issued the in-
Forex Card for overseas travelers. The card will allow
principle approval for setting up a payments bank.
customers the convenience of loading up to 20 widely
Rajkiran Rai G has been assumed charge as Managing
used currencies on one card with an online reload
Director & CEO of Union Bank of India. Melwyn Rego
facility during overseas travel.
has been assumed charge as Managing Director & CEO
Axis Bank announced the acquisition of Snapdeal-
of Syndicate Bank.
owned mobile payments provider Freecharge in an all-
RBI stated the ongoing accelerated reform initiatives
cash deal worth Rs385 crore. The deal is subject to
like Goods and Sevice Tax and continuing political
regulatory approval from the Reserve Bank of India
stability will push the economic growth scale to 7.3 %
(RBI) and the indicative time-frame to complete the
in terms of Gross Value Added -GVA in the current
acquisition is two months, the private sector lender
fiscal year (2017-18).
said in an exchange filing.
ICICI Bank said that its joint venture agreement with
National Payments Corporation of India received a
Canada-based investment firm Fairfax Financial
final nod from the Reserve Bank of India to function as
Holdings has been terminated.
the Bharat Bill Payment Central Unit (BBPCU) and
China-based Asian Infrastructure Investment Bank
operate the Bharat Bill Payment System (BBPS).
(AIIB) announced its approval to a $329 million loan to
Indian Overseas Bank has offered Bharat Bill Payment
build access roads across 4,000 villages in Gujarat.
System, introduced by the National Payments
South Indian Bank has tied up with PFG Forex for
Corporation of India, for its customers. BBPS is an
remittance facility for the benefit of Indian expatriates
integrated bill payment system that offers inter-
from Australia. The new facility will leverage the bank
operable online bill payments to customers.
to reach the Indian diaspora.
Reserve Bank of India set up Supervisory Colleges for
Indus OS has partnered with YES Bank to launch OS-
six Scheduled Commercial Banks which have sizeable
integrated UPI (Unified Payment Interface) payment
international presence: - State Bank of India, ICICI
platform in India.
Bank Ltd., Bank of India, Bank of Baroda, Axis Bank
Retirement fund body EPFO (Employees' Provident
Ltd. and Punjab National Bank. The objectives are to
Fund Organisation) has inked pacts with five banks for
enhance information exchange and cooperation among
collections of provident dues and to make retirement
supervisors, to improve understanding of the risk
payments. It has tied up with Bank of Baroda, ICICI
profile of the banking group and thereby facilitate
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Bank, HDFC Bank, Axis Bank and Kotak Mahindra To encourage more customers to transact digitally,
Bank. State Bank of India will slash charges for National
Kewal Handa was appointed as non-executive Electronic Funds Transfer (NEFT) and Real Time Gross
chairman of Union Bank of India. Settlement (RTGS) transactions by up to 75 per cent
Canara HSBC Oriental Bank of Commerce Life with effect from July 15.
Insurance has entered into an alliance with the Kerala- Private sector YES Bank has received $150 million
based Dhanlaxmi Bank for marketing various life funding from the US government and Wells Fargo to
insurance products. The Bank will be a corporate agent increase lending to support women entrepreneurs and
for 3 years. small and medium-sized enterprises in India.
RBI allowed systematically important non-banking Digital payments company MobiKwik has partnered
finance companies (NBFCs) to sell and market the new Samsung Pay, under which consumers will be able to
pension scheme (NPS). make payments with a single tap using select Samsung
Nepal SBI Bank, a subsidiary of the State Bank of India, handsets.
launched its fully automatic digital banking services in
the Nepalese capital Kathmandu.
The next tranche of sovereign gold bond (SGB) scheme
was launched recently by the Government. This time,
providing a 2.5 percent annual interest to investors.
Reserve Bank of India amended its earlier order asking
banks to initiate bankruptcy proceedings against 12
companies which have outstanding loans amounting
to over Rs 5,000 crore as on March 2016. The
amendment, made through a notification, comes after
the Gujarat High Court asked the RBI to remove the
stipulation on its order last month that the 12 non-
performing assets (NPAs), or bad loans, would be
granted priority at the National Company Law
Tribunal.
Axis Bank has entered into a collaboration with Inter-
American Investment Corporation (IIC) to facilitate
trade with Latin America and the Caribbean. Axis
Bank becomes the first Indian bank to participate in the
Trade Finance Facilitation Programme as a confirming Schemes/Portals/Missions Launched
bank.
Maharashtra government approved a revised policy of
Union Finance Minister Arun Jaitley inaugurated the
the 'Majhi Kanya Bhagyashree' scheme, according to
36th NABARD Foundation Day and Silver Jubilee of
which families who have a yearly income of up to Rs
SHG Bank Linkage Programme, in New Delhi. Self
7.5 lakh will be benefited. The scheme was launched by
Help Group Bank Linkage Programme (SHG BLP) is a
the state government on April 1, 2016, in place of
pioneering initiative of Financial Inclusion by
'Sukanya' scheme. It is aimed at improving the skewed
NABARD.
girl child ratio, prevent sex determination and female
Minister for Housing and Urban Affairs M Venkaiah
foeticide, and support female education. Families
Naidu released the new version of NHB RESIDEX on
having an income up to Rs 7.5 lakh will be eligible for
the occasion of the annual day of National Housing
the scheme. After bearing the first girl child, if the
Bank. NHB RESIDEX captures movements in the
mother or the father undergoes a family planning
prices of residential real estate prices.
operation, a sum of Rs 50,000 shall be deposited in a
YES Bank along with YES Global Institute has
bank in the name of the girl child. The scheme will be
launched ‗YES GST‘ program for MSMEs (Micro, Small
valid only if there are a maximum of two girl children
and Medium Enterprises) under its MSME CSR
born. In case a third child is born, the scheme shall
initiative. Through the program, the bank will help
become invalid for the first two as well.
MSMEs to understand the impact of the changes in tax
Finance Minister Arun Jaitley released the National
system and prepare them to know the new GST tax
Trade Facilitation Action Plan. This Action Plan gives a
system.
time bound map, not only for implementing TFA, but
SBI has waived charges for fund transfer of up to Rs
also for India's initiatives for trade facilitation and ease
1,000 through its IMPS (Immediate Payment Service) to
of doing business which goes beyond TFA.
promote small transactions.
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Finance Minister Arun Jaitley launched Pradhan raise the Gross Enrollment Ratio in the higher
Mantri Vaya Vandana Yojana (PMVVY), a pension education from 24.5 to 30 by 2020.
scheme exclusively for senior citizens with 8% fixed Finance Minister Arun Jaitley launched 'Aaykar Setu',
rate of interest on their savings. Under this scheme, an e-initiative for the Income tax Department to
there will be an assured return of 8 per cent over a directly communicate with the taxpayers and aimed at
tenure of 10 years. It can be purchased offline as well providing information on useful tax services.
as online through Life Insurance Corporation (LIC) of Meghalaya Chief Minister Mukul Sangma recently
India which has been given the sole privilege to launched an ambitious flagship program titled
operate this scheme. ―Livelihood Intervention and Facilitation of
Union Minister for Panchayati Raj, Rural Entrepreneurship‖ (LIFE) at Songsak. It will focus on
Development, Drinking Water & Sanitation- Shri capacity building.
Narendra Singh Tomar launched the Mobile App for Minister of Railways Shri Suresh Prabhakar Prabhu
Road Maintenance ―Aarambh‖. This Mobile Phone launched the Initiatives named RailCloud, NIVARAN
App aims at the use of GIS based mapping for making & Cashless treatment Scheme in Emergency (CTSE).
road inventories, condition surveys, and producing Shri J P Nadda, Union Minister of Health and Family
cost estimates and other relevant data for preparation Welfare launched the National Strategic Plan for
and monitoring of annual road maintenance plans. Malaria Elimination (2017-22). The Strategic Plan gives
Minister of Women & Child Development, Smt. year wise elimination targets in various parts of the
Maneka Gandhi launched an online complaint country depending upon the endemicity of malaria in
management system titled Sexual Harassment the next 5 The 22nd World Petroleum Congress (WPC)
electronic–Box (SHe-Box) for registering complaints International Conference was held recently in Istanbul,
related to sexual harassment at workplace in New Turkey.
Delhi. The government has launched a GST training
Union Minister of Science & Technology, Earth programme to skill around two lakh youths in six
Sciences and Environment, Forests & Climate Change, months to handle tax compliance issues like invoice
Dr. Harshvardhan launched an app ―India Quake‖ for making. The people would be trained under the
Earthquake Parameter Dissemination. The App will Pradhan Mantri Kaushal Vikas Yojana (PMKVY).
make information dissemination faster with no
restrictions on the number of recipients.
Minister of Science & Technology, Earth Sciences and
State in News
Environment, Forests & Climate Change, Dr. Odisha CM Naveen Patnaik dedicated to the nation the
Harshvardhan launched an app ―Sagar Vani‖. ‗Sagar state's longest bridge and named it after Netaji Subhas
Vani‘ has been launched to disseminate ocean related Chandra Bose. The 2.88 km bridge over the river
information and alerts to the user community in a Kathajodi will connect the state capital of Bhubaneswar
timely manner for their safety. with Cuttack reducing the distance between the two
Karnataka government has launched the ‗Elevate 100‘ cities by 12 km.
scheme to identify and nurture innovative start-ups. Punjab government announced the launch of its
The aim is to identify 100 most innovative start-ups in flagship 'Apni Gaddi Apna Rozgar' scheme by flagging
the state to elevate them to the next level of success. off over 100 uber MOTO bikes. Under the scheme, the
Ministry of Power launched a portal for optimum state government will be providing commercial two
utilization of domestic coal by independent power wheelers and four wheelers to unemployed youth at
producer (IPP). subsidized rates.
Centre has launched an app – GST Rates Finder to Telangana State will have eco-friendly bridges over a
verify the accurate tax rate on commodity and services canal cutting across the tiger corridor linking the
under the Goods and Services Tax (GST) regime. Tadoba-Andhari Tiger Reserve (TATR) in the
Through this app, user can determine GST rate by Chandrapur district of Maharashtra with the forests in
entering the name of the commodity or service. Telangana's Kumram Bheem Asifabad district.
Jigyasa, a student- scientist connect program was Telangana government launched a special portal called
launched in New Delhi. Council of Scientific and ―Janahitha‖ to receive complaints from the public. The
Industrial Research (CSIR), has joined hands with portal is a single window for all grievances and their
Kendriya Vidyalaya Sangathan (KVS) to implement redressal management.
this program. Meghalaya Chief Minister Dr. Mukul Sangma
President Pranab Mukherjee has launched digital launched ‗Mission Football‘ at JN Sports Complex,
initiatives - Swayam, Swayam Prabha and National Shillong. It is an initiative to help develop skills of
Academic Depository - in New Delhi to push e- football enthusiasts and develop young footballers for
education in the country. The aim of the initiatives is to the country. It is a dedicated program for talent
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THE HINDU REVIEW: JULY 2017
identification and nurturing of talents to develop TR Zeliang appointed as the Chief Minister of
national and international players. Nagaland by Governor PB Acharya. This will be the
Mumbai Metro announced the launch of India's first second term for Zeliang.
Mobile Ticketing System 'OnGo' which will help M Venkaiah Naidu, the vice presidential candidate of
commuters pass the AFC gates using their mobile the BJP-led ruling coalition, quit the government and
phones. BJP. Smriti Irani took additional charge of the
Union Minister of State for Skill Development and Information and Broadcasting Ministry and Narendra
Entrepreneurship Rajeev Pratap Rudy and MP Chief Tomar took charge of Urban Development.
Minister Shivraj Singh Chouhan laid the foundation Britain‘s first woman Sikh MP Preet Kaur Gill has been
stone of the country‘s biggest Global Skill Park in elected to an influential cross-party panel in the UK
Bhopal. Training will be imparted to 1000 students Parliament that examines the workings of the Home
every year by trainers of international standard. Office.
The Centre and Asian Development Bank (ADB) has Sanjay Kothari, Chairman of Public Enterprises
signed a 220 million dollar loan for improving Selection Board appointed as Secretary to President-
connectivity as well as transport efficiency and safety elect Ram Nath Kovind. Senior journalist Ashok Malik
on State Highways of Rajasthan. has been named as Press Secretary to Kovind. Senior
Entire Nagaland has been declared as ―disturbed area‖ Gujarat-cadre forest service officer Bharat Lal will be
for six more months under the Armed Forces (Special Joint Secretary to Kovind.
Powers) Act (AFSPA), which empowers security forces Senior diplomat and External Affairs Ministry
to conduct operations anywhere without any prior spokesperson Gopal Baglay appointed as Joint
notice. Secretary in the Prime Minister‘s Office.
President gave his assent to the bill passed by UK government appointed Brenda Marjorie Hale as
Karnataka Assembly to legalise traditional buffalo race the first female President of the Supreme Court, the
'Kambala'. senior-most judge of the country. Hale will take charge
Jammu and Kashmir Assembly adopted a resolution to from Lord Neuberger.
implement the goods and services tax (GST), bringing Raveesh Kumar is appointed as the next spokesperson
the state‘s indirect taxation into the new unified tax of the ministry of external affairs. Kumar will replace
regime. Gopal Baglay.
Ahmedabad city has been declared as a World Mr. Ram Nath Kovind took over as the 14th President
Heritage City at the 41st session of UNESCO's world of India. He administered the oath of office by the
heritage committee being held at Krakow in Poland. Chief Justice of India Justice J S Khehar.
Delhi became the second state to launch e-RTI portal Janalakshmi Financial Services (JFS), the largest
that will enable citizens to file online Right to microfinance company, has announced the
Information (RTI). Maharashtra is the first state to appointment of its new CEO Ajay Kanwal.
launch the online RTI platform.
Maharashtra has become the first state in the country
to provide women an injectable contraceptive for free.
Rajasthan becomes the first state in the country to fix
minimum educational qualification for contesting
cooperative body polls. The minimum educational
qualifications now will range from class 5 to class 8.
Maharashtra has become the first state to make social
boycott a crime after President Pranab Mukherjee
cleared the legislation.
New Appointments
Ravi Mittal, who has joined as additional secretary in
the Finance Ministry in place of Anil Khachi, is now a
part-time member on the board of IRDAI. Mittal has
replaced N S Rao at IRDAI.
The ruling Pakistan Muslim League has selected
Minister for Petroleum and Natural Resources, Shahid Nitish Kumar took oath as CM in Patna as the head of
Khaqan Abbasi to be the interim Prime Minister of the government that would include BJP and its allies.
Pakistan. Prior to this, the party of Nitish Kumar, JD-(U) was
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THE HINDU REVIEW: JULY 2017
supported by Mahagathbandhan allies with Lalu The board of TATA SIA Airlines Ltd, which owns and
Yadav led RJD. operates the full-service airline Vistara, has appointed
Economic Affairs Secretary Subhash Chandra Garg former SilkAir head Leslie Thng as Vistara‘s new chief
appointed as Indias Alternate Governor on the Board executive officer (CEO), effective from October 2017.
of Governors of the Asian Development Bank (ADB). Debi Prasad Dash taken over as director-general of the
Garg replaced former DEA Secretary Shaktikanta Das. Directorate of Revenue Intelligence (DG-DRI), the
Nawaz Sharif has resigned as prime minister of premier agency that tackles smuggling and black
Pakistan following a decision by the country's Supreme money.
Court to disqualify him from office. Senior bureaucrat Subhash Chandra Garg assumed
Olympic silver medallist P V Sindhu has been charge as Secretary of the Department of Economic
appointed a Group-I officer in Andhra Pradesh. Affairs (DEA) in the Finance Ministry.
Axis Bank has re-appointed Shikha Sharma as MD & Tata Sons, the holding company of the Tata Group, has
CEO of Axis Bank for the three-year term from June appointed Aarthi Subramanian as the conglomerate's
2018. chief digital officer. American technology giant Google
NDA candidate Ram Nath Kovind declared by the has acquired Bangalore-based artificial intelligence
Secretary General of Lok Sabha Anoop Mishra as (AI) firm Halli Labs for an undisclosed sum.
elected President of India. Mr. Kovind got 7,02,044 Prime Minister Narendra Modi gave the Information
votes while his opponent, the joint Opposition and Broadcasting portfolio to Smriti Irani. The Urban
candidate Meira Kumar, got 3,67,314 out of a total of Development Ministry, which was also being handled
10,69,358. He will be sworn in as the 14th President of by Naidu, has been given to Narendra Singh Tomar.
India. The Centre has appointed Mukesh Kumar Jain as
US President Donald Trump has nominated Krishna R. Managing Director and Chief Executive Officer of
Urs to be the ambassador to Peru. Oriental Bank of Commerce, a public-sector bank.
Serbian parliament voted in Ana Brnabic, an openly UNICEF appointed Indian- origin Canadian YouTube
gay woman, as the Country's Prime Minister in a star Lilly Singh as its newest Global Goodwill
landmark move for the patriarchal conservative Ambassador at a special event in New Delhi.
country and the entire Balkans region. Senior advocate K K Venugopal‘s name has been
Achal Kumar Joti has been appointed as the next Chief cleared for appointment as the Attorney General for
Election Commissioner. India following the decision of Mukul Rohatgi to step
Himachal Pradesh director general of police (DGP) down as the top law officer.
Sanjay Kumar has been appointed as the new chief of Justice Gopal Prasad Parajuli will be the new Chief
the National Disaster Response Force (NDRF). Justice of Nepal.
Pradeep Kumar Rawat presently a Joint Secretary in Shri R K Pachnanda, an IPS officer, took charge as the
the Ministry of External Affairs (MEA), has been new Director General of Indo-Tibetan Border Police
appointed as the next Ambassador of India to (ITBP), recently.
Indonesia.
Tata Global Beverages Ltd. appointed Natarajan
Chandrasekaran as the Chairman of its board with
immediate effect. Chandrasekaran will succeed Harish
Bhat.
Saima Wazed Hossain, a globally renowned champion
for the cause of autism spectrum disorder has been
appointed as the WHO's goodwill ambassador for
autism in the world body's Southeast Asia region.
India‘s Ambassador to Peru Sandeep Chakravorty has
been appointed as the head of the Indian consulate in
New York.
Senior bureaucrat John Joseph has been appointed
Director General of Goods and Services Tax
Intelligence (DG GSTI). The DG GSTI is the new name
given to the Directorate General of Central Excise
Intelligence (DGCEI).
Mongolian Businessman and Martial Arts expert
Khaltmaa Battulga was sworn in as president of
Mongolia.
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Economy & Business Current Affairs Siemens opened its first digital factory in India, also
the third globally after one each in Germany and
According to Asian Development Bank supplement
China.
report, India is expected to achieve the projected
growth rate of 7.4 per cent in 2017 and further up to 7.6
per cent next year on strong consumption demand. Sports
The all-powerful GST Council has reduced the tax rate Sebastian Vettel of Ferrari won the Hungarian Grand
on fertiliser to 5% from previously decided 12%. In Prix, to claim his fourth victory of the season.
another move to give relief to farmers, also cut the tax Indian boxers packed quite a heavy punch at the 48th
rate on exclusive parts of tractors from 28% to 18%. Grand Prix Usti Nad Labem, clinching five gold, two
The government has lowered interest rate on small silver, and one bronze medal at the event in the Czech
saving schemes by 0.1 percent for the July- September Republic. World Championships bronze-medallist
quarter. Now, investments in the public provident Shiva Thapa (60kg), former Commonwealth Games
fund (PPF) scheme will fetch lower annual rate of 7.8 gold-medallist Manoj Kumar (69kg), Amit Phangal
percent, Kisan Vikas Patra (KVP) investments will (52kg), Gaurav Bidhuri (56kg) and Satish Kumar
yield 7.5% and mature in 115 months. Sukanya (+91kg) claimed gold medals.
Samriddhi Account Scheme, will offer 8.3% & 5-year The 20-year-old Caeleb Dressel established himself as
Senior Citizens Savings Scheme will yield 8.3%. America‘s newest star of the pool recently, becoming
From January 1, 2018, the retail sale price shall be the the first swimmer to win three gold medals on a single
maximum retail price (MRP) inclusive of all taxes, with night at either the worlds or the Olympics. Caeleb
the provision to round off the price to the nearest Dressel accomplished this feat at 2017 FINA World
rupee or 50 paise. Aqatics Championships in Budapest, Hungary.
The government has merged the urban development Board of Control for Cricket in India (BCCI) has
and housing and urban poverty alleviation ministries. appointed Bharat Arun as the Indian Cricket team‘s
Now this will be known as Ministry of Housing and bowling coach. They also to retain Sanjay Bangar as an
Urban Affairs (MoHUA). assistant coach and R Sridhar as fielding coach till the
The growth of eight core sectors slowed to 3.6 % in 2019 ODI World Cup.
May due to fall in output of coal and fertilisers. World football's governing body FIFA lifted the ban on
the Sudan Football Association (SFA) imposed on it for
Google launched 'Hire', a recruiting app for small- and the failure to abide by agreements mentioned in
medium-sized businesses that also integrates articles 14 and 19 of the FIFA statute.
seamlessly with G Suite. It is a move to compete with Tamil film actor Kamal Haasan appointed as brand
Microsoft-owned LinkedIn. icon of Pro Kabaddi League franchise Tamil Thalaivas,
Yatra Online Inc, India‘s second-largest online travel co-owned by India batting legend Sachin Tendulkar.
operator acquired corporate travel services provider India‘s Karamjyoti Dalal won bronze medal at the
Air Travel Bureau (ATB). World Para Athletics Championships 2017 in the
Technology giant Microsoft officially launched discus-throw. In the women‘s F55 category of discus-
‗Kaizala‘, a productivity app that has been designed to throw, she managed a throw of 19.02 m. Sundar Singh
enhance the collaboration and communication Gurjar won gold medal in the men‘s javelin throw.
experience for Indian enterprises. The ‗Made for India‘ Indian eves lost to England by a narrow margin of nine
app is designed for large group communications and runs in the ICC Women's World Cup final at Lord's in
work management and works even on 2G networks. London. For England, it was their fourth Women's
Amazon‘s share price propelled founder Jeff Bezos to World Cup.
the top of a list of the world‘s richest individuals—for India skipper Mithali Raj chosen as the captain of the
less than a day. ICC Women‘s World Cup 2017 team by the
Google CEO Sundar Pichai has been appointed to the International Cricket Council.
board of directors of Alphabet, the search giant‘s World Youth Champion Sachin Siwach clinched a gold
parent company. Alphabet is the second most valuable medal at the Commonwealth Youth Games, Bahamas
U.S. company behind Apple. after defeating Welsh boxer James Nathan Prober in
Aadhaar architect Nandan Nilekani and Helion the final.
Venture‘s Sanjeev Aggarwal have launched an International Boxing Association (AIBA) announced
investment fund called Fundamentum with a corpus of that India will host their first Men‘s World
$100 million to back startups looking for growth Championship in 2021. The AIBA Men‘s World
capital. Championships 2019 will be held in Russia city of
Sochi. The 2018 Women‘s World Championships will
also be held in New Delhi.
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India‘s Ajay Singh won the bronze medal in Asian Garbine Muguruza of Spain came out with the
Youth and Junior Weightlifting Championships at spectacular performance as she defeated seven-time
Kathmandu, taking India‘s tally to three. S. Nirpupama Grand Slam Champion Venus Williams in straight sets
Devi had won bronze in 69 kgs women youth category. to clinch her maiden Wimbledon title.
Konsam Ormila Devi had won gold in 44kg weight Roger Federer won a record eighth Wimbledon title
category. and became the tournament‘s oldest champion with a
Asian Football Confederation (AFC) Competition straight-sets victory over Marin Cilic. Federer claimed
Committee officially awarded Indonesia the hosting of his 19th Grand Slam title.
the AFC Under-19 championship 2018. India's Harinder Pal Sandhu has won the Victorian
HS Prannoy notched up a thrilling three-game win Open 2017 squash, a PSA Tour event, in Melbourne,
over Commonwealth Games champion Parupalli Austraila.
Kashyap in an all-Indian final to clinch the $120,000 US Mercedes‘ Lewis Hamilton won the British Grand Prix
Open Grand Prix Gold. It was held at Anaheim, for the fifth time.
California USA. In the women‘s singles of the I H Manudev has won the first National Masters
tournament, Japanese Aya Ohori won the final. snooker tournament title in Chennai.
Germany has lifted their maiden Confederation Cup
Football title by defeating Chile in the final. The match
was held at the Krestovsky Stadium in Saint
National & International Current Affairs
Petersburg, Russia. Union Minister of State for Home Kiren Rijiju
India‘s leading cueist Pankaj Advani teamed up with inaugurated the Research Institution of World Ancient,
Laxman Rawat to demolish Pakistan in the final of the Traditional, Culture & Heritage (RIWATCH) Museum
Asian Team Snooker Championship in Bishkek, at Roing in Arunachal Pradesh. Rijiju also inaugurated
Kyrgyzstan. the 235-meter long Chimari Bridge, which would serve
India‘s Manpreet Kaur claimed the gold medal in the as a life line between the National Highway 52 of
women‘s shot put in the Asian Athletics Roing-Tezu.
Championships 2017 at the Kalinga Stadium, India will host the fifth Global Conference on Cyber
Bhubaneswar, Odisha. Govindan Laxmanan emerged Space (GCCS) in November 2017. One of the largest
triumphant in the men‘s 5,000 meters and has also won cyber security conferences in the world, GCSS will be
Gold Medal. held in New Delhi. The theme will be based on
Atthaya Thitikul, a 14-year-old amateur from Thailand Cyber4All: An Inclusive, Sustainable, Developmental,
has won on the Ladies European Tour, supplanting Safe and Secure Cyberspace.
Lydia Ko as the youngest champion on the circuit. Prime Minister Narendra Modi inaugurated the former
Valtteri Bottas roared to the second victory of his President, Dr. APJ Abdul Kalam‘s memorial at Pei
career when he won the Austrian Grand Prix for Karumbu in Rameswaram, Tamil Nadu on the second
Mercedes. death anniversary of the former President. Modi will
India‘s Harinder Pal Sandhu beat Rhys Dowling of flag off Kalam Sandesh Vahini, an exhibition bus
Australia in the final to lift South Australian Open which will travel across the country and reach
squash title. Rashtrapati Bhavan on 15th of October, which marks
India has topped the medal tally for the first time in the birth anniversary of the former President.
the history of Asian Athletics Championships. The The Department of Industrial Policy and Promotion
hosts ended the championships on top with a haul of (DIPP), Ministry of Commerce & Industry has signed
29 medals which included 12 gold, 5 silver, and 12 an Institutional agreement with the Punjab State
bronze. Council of Science and Technology in New Delhi to
Rio Olympics silver medallist P V Sindhu was establish India‘s first Technology and Innovation
bestowed with the 'Sportsperson of the Year' award Support Center (TISC) at Patent Information Centre,
during the ‗Maruti Suzuki Sportsperson of the Year‘ Punjab.
Charity Gala Awards. India has contributed $500,000 to the UN
Mithali became the woman cricketer who has scored Peacebuilding Fund.
most runs in ODIs. Mithali Raj became the first Financial Stability Board, an international body for the
women‘s player to reach 6000 ODI runs. global financial system, has placed India in the league
Ravi Shastri became Indian cricket team‘s new head of countries that are 'compliant or largely compliant‘
coach. on the implementation of priority area reforms.
India's Sundar Singh Gurjar has won gold on the A new fast-growing Israeli flower was named after
opening night of 2017 World Para Athletics Prime Minister Narendra Modi, in a special gesture to
Championships in London. mark the first visit of an Indian premier to the Jewish
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nation. Israeli Crysanthumun flower will now be called reconnaissance in areas with nuclear and bio threats. It
―MODI‖. is called Muntra (Mission UNmanned TRAcked) and
India has declared itself free from highly pathogenic has been rolled out of the Chennai lab.
Avian Influenza (H5N1 and H5N8) after surveillance US and Australian jointly test-fired a hypersonic
in the states showed no evidence of its presence. missile capable of moving at a speed eight times faster
India, the world's third-largest oil importer, will than sound as part of a $54-million research project.
import crude oil from the United States for the first The test was part of a project called the Hypersonic
time after Indian Oil Corp bought a cargo that will be International Flight Research Experimentation
delivered in October 2017. Program (HIFiRE) involving the US and Australian
India is set to get its first high-speed rail training center militaries, Queensland University, Australia‘s Defence
at Gandhinagar. The center will provide for advanced Science and Technology Group.
training modules on cutting edge technologies. U.S. Navy tested the world's first-ever active laser
weapons system, which is now deployed and ready for
UN has selected Dubai as the data hub for the Middle war. The system has special materials that release
East North Africa and South Asia (MENASA) region photons and at the speed of light, it silently hits an
for the city‘s integrated initiatives to mine and manage object, burning it to a temperature of thousands of
its data. degrees.
Australia became the 35th country to join the Goa Shipyard Limited (GSL) signed an MoU for the
International Solar Alliance (ISA), an initiative financial year 2017-18 with Ministry of Defence. This
launched by Prime Minister Narendra Modi in year‘s MoU target for ‗Revenue from Operations‘ has
November 2015 in Paris. It is co-led by India and been set at Rs1150 crore, which is 43 percent higher
France. The aim of ISA is to support developing than the financial year 2016-17 target of Rs800 crore.
countries to boost their solar production capacity. Indian Army signed MoU with Defence Research and
European Parliament overwhelmingly approved a Development Organisation (DRDO) to raise one
first-ever cooperation deal between the EU and Cuba. regiment of the advanced Medium Range Surface to
122 countries approved the first-ever treaty to ban Air Missiles (MRSAM) defence system. The MRSAM is
nuclear weapons at the UN meeting boycotted by all an advanced, all weather, mobile, land-based air
nuclear-armed nations. One country the Netherlands defence system. It is capable of engaging multiple
voting against while Singapore abstained. aerial targets at ranges of more than 50 km.
Indonesia has named waters in its exclusive economic US Navy commissioned world‘s largest aircraft carrier,
zone that overlap with China‘s expansive claim to the USS Gerald R Ford into the fleet. USS Gerald R. Ford is
South China Sea as the North Natuna Sea. the first ship in this new class of nuclear-powered
aircraft carriers for the U.S. Navy. The ship is named
after the 38th President of the United States Gerald
Ford and has been built by Newport News Ship
Building Company. The massive 1,106-foot-long carrier
is powered by two new generation nuclear reactors.
Reliance Infrastructure subsidiary Reliance Defence
and Engineering Limited (RDEL) announced the
launch of its first two Naval Offshore Patrol Vessels
(NOPVs) at their shipyard in Pipavav, Gujarat. The
two NOPVs, 'Shachi' and 'Shruti' are among five ships
being constructed by RDEL under the P-21 project of
the Indian Navy.
Iran successfully launched its most advanced satellite-
carrying rocket called ‗Simorgh‘ into space. The launch
took place at the Imam Khomeini National Space
Station in Semnan. The rocket is capable of carrying a
satellite weighing 250 kilograms (550 pounds).
Indigenously developed Quick Reaction Surface-to-Air
(QRSAM) short-range missile was successfully test-
fired from a test range along the Odisha coast. The
Defence Current Affairs missile has a strike range of 25 km to 30 km.
Defense Research and Development Organisation Joint military training exercise 'Exercise Maitree 2017'
(DRDO) developed India's first unmanned tank, which between India and Thailand started in Himachal
has three variants – surveillance, mine detection and Pradesh. It is commenced at Bakloh in Chamba district.
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The Malabar naval exercise involving Indian, Index‖ released by international NGO Oxfam in
American and Japanese navies started in the Bay of association with Developmental Finance International.
Bengal. The aim of the exercise is to achieve deeper Sweden led the index while Nigeria remained the
military ties and greater interoperability among the worst performer. The top 5 countries in the list are-
three navies. 1. Sweden 2. Belgium 3. Denmark
Pakistan has successfully test-fired short-range surface- 4. Norway 5. Germany
to-surface ballistic missile 'Nasr'. NASR is a high- The Energy Resources Institute (TERI) among the top
precision weapons system with the ability for quick think tanks in the world. TERI was ranked number two
deployment and a range of 70 kilometers. by the International Center for Climate Governance
(ICCG).
India is ranked a high 23rd out of 165 nations in a
Ranks/ Indexes Released global index that measures the commitment of nations
According to International Migration Outlook 2017 across the world to cybersecurity. The top-most
report on Organisation for Economic Co-operation and committed country to cybersecurity is Singapore.
Development (OECD) member countries, Indians are
India has moved four places up to the 96th position in
among top asylum-seekers in other countries such as the FIFA World Ranking released recently.
New Zealand, Australia, Finland, Japan, and the
Raipur‘s Swami Vivekananda Airport was ranked first
United States of America. India and China were the in Customer Satisfaction among 49 airports in the
largest source countries of asylum-seekers (11% and country.
9%), followed by Fiji (8%), Iraq (7%) and Pakistan (6%). India is ranked 116 out of 157 nations on a global index
Sheikha Lubna Al Qasimi, the UAE Minister of State that assesses the performance of countries towards
for Tolerance topped a poll of the most powerful Arab achieving the ambitious sustainable development goals
women in government for 2017. (SDGs).
India ranked 132nd out of 152 countries on the
inaugural ―Commitment to Reducing Inequality
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Important Days of passengers and goods between India‘s northeast and
West Bengal with Bangladesh.
United Forum of Bank Unions has decided to observe
Airports Authority of India (AAI) signed an MoU with
July 19, the 48th anniversary of nationalisation of major Government of Uttarakhand and joined hands with
banks, as ‗Save public sector banks‘ day. Uttarakhand Civil Aviation Development Authority
7th International Tiger Day is observed globally on 29
(UCADA). The scope of the MoU is to identify relevant
July. This year‘s International Tiger Day would be factors influencing the development of civil aviation
celebrated with the slogan ‗Fresh Ecology For Tigers‘
infrastructure in Uttarakhand, assessing the
Protection‘. commercial potential of various airports of the State,
World Hepatitis Day (WHD) takes places every year and identifying technical considerations for airport
on 28 July. The Theme for World Hepatitis Day 2017 is operations in the State.
'Eliminate Hepatitis'. Tax authorities of the five BRICS countries signed a
World Youth Skills Day is being observed globally on landmark document to establish a mechanism for
15th July. taxation cooperation. The BRICS Taxation Cooperation
Nelson Mandela International Day (or Mandela Day) is
Memorandum, signed at 5th meeting of BRICS Heads
an annual international day in honour of Nelson of Tax Authorities, is the bloc‘s first document that
Mandela, celebrated each year on 18 July, Mandela's
elevates taxation cooperation to the institutional level.
birthday. BSE joined hands with Egyptian Exchange (EGX) for
The country celebrated the 18th Anniversary of ‗Kargil cooperation in exchange of information across business
Vijay Diwas‘. Kargil Vijay Diwas is celebrated on 26 areas.
July, commemorates India‘s emphatic victory against Punjab National Bank (PNB) and Bajaj Allianz General
Pakistan and honors the war heroes. Insurance signed an agreement for the distribution of
United Nations World Day against Trafficking in insurance products through the branches. Under this
Persons 2017 is observed across the world on 30 July.
agreement, Bajaj Allianz General Insurance will offer
This year, the United Nations personal lines of insurance products with the
Office on Drugs and Crime (UNODC) selected ‗Act to
commercial line of insurance products to the bank's
Protect and Assist Trafficked Persons‘ as the focus of customers.
the Day.
World Population Day is being observed globally on India-Japan agreement for Cooperation in the Peaceful
11th July. The theme of this year is 'Family Planning- Uses of Nuclear Energy has come into force recently.
Empowering People, Developing Nations'. Foreign Secretary S Jaishankar and Ambassador of
Japan to India Mr. Kenji Hiramatsu exchanged
Agreement Signed diplomatic notes in this regard.
India and Sri Lanka signed an MoU to develop a Bharat Heavy Electricals Ltd entered into a technology
village in Anuradhapura District (in Sri Lanka) at a collaboration agreement with Kawasaki Heavy
cost of 30 crores Sri Lankan rupees. The village in the Industries Ltd (KHI) of Japan for manufacturing of
name of a famous Buddhist monk Sobitha Thero, stainless steel coaches and bogies for metros.
envisages construction of 153 new houses, a multi- Odisha government signed an Expression of Intent
purpose community building, internal water supply (EOI) with the International Association of Athletics
system and renovation of monk‘s quarters & library. Federations (IAAF) and Athletics Federation of India
SEBI entered into a pact with the European Securities (AFI) to establish a High-Performance Academy in
and Markets Authority (ESMA) for exchange of Bhubaneswar.
information concerning Central Counterparties (CCPs). Ministry of Health and Family Welfare signed an MoU
CCPs are entities that help facilitate clearing and with the Government of West Bengal to formalize its
settlement activities. The MoU establishes cooperation support to set up a state-of-the-art Centre of Excellence
arrangements, including exchange of information in Transfusion Medicine at Kolkata.
regarding CCPs which are established and authorised BSES Rajdhani Power Ltd (BRPL) and The Energy and
or recognised in India by SEBI and which have applied Resources Institute (TERI) have entered into a
for EU recognition under EMIR. partnership to explore collaboration opportunities for
Bank of Baroda entered into an agreement with solar rooftop, electric vehicles, energy storage systems,
Directorate General of Supplies & Disposal (DGS&D) energy efficiency and smart grid technologies.
for extending various banking services to Government Erode-based Five P Venture India Private Ltd and
e-Marketplace (GeM). Central Silk Board (CSB) inked an agreement for
India and Bangladesh signed a pact to connect both the development and commercialization of handloom silk
countries by waterways. This will facilitate movement products.
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Awards & Recognition Visits
Yoshiaki Ishizawa, a Japanese historian who helped Navy Chief Admiral Sunil Lanba begun an eight-day-
Cambodians preserve the Angkor temples, and Gethsie long two-nation tour of Mozambique and Tanzania
Shanmugam, a Sri Lankan teacher who counseled war with an aim of exploring new avenues of bilateral
widows and orphans to overcome their nightmares, defence cooperation. Admiral Lanba, who also heads
are among the six winners of this year‘s Ramon the powerful Chiefs of Staff Committee (COSC), will
Magsaysay Awards. The other recipients named are visit first Mozambique. Later on his tour, Admiral
Abdon Nababan, an Indonesian, a Singaporean Lanba will begin his five-day-long visit to Tanzania.
businessman Tony Tay, a Philippine theater group and He is scheduled to meet President of Tanzania John
Lilia de Lima , a Filipino. Magufuli. India and Mozambique have a Joint Defence
Veteran BJP leader L.K. Advani received the Lifetime Working Group (JDWG) for defence and security
Achievement Award for his contributions as a cooperation.
parliamentarian in the Lok Sabha. JD-U leader Sharad
Yadav also received the Lifetime Achievement Award Summits/Events Held
as a Rajya Sabha representative from Vice President The 7th edition of South Asian Association for
Hamid Ansari. Regional Cooperation (SAARC) Artists Camp and
Adobe Chief Shantanu Narayen and former US Exhibition of Paintings has begun at Kathmandu.
Surgeon General Vivek Murthy honoured with the Minister of Culture, Tourism and Civil Aviation of
prestigious 'Great Immigrants' annual award on US's Nepal, Jitendra Narayan Devhas inaugurated the
Independence Day. event.
Guruswamy Jayraman has been awarded Order of President inaugurated the Bicentenary celebration of
Australia for community work, the highest civilian Paika Rebellion of Odisha organised by the Union
award in Australia. Ministry of Culture in New Delhi. Many scholars,
Climate and energy efficiency solutions company researchers and historians have opined that the Paika
Danfoss India has been conferred with the ‗Golden Rebellion of 1817 was India‘s first organised armed
Peacock Award‘ for Environment Management. rebellion against British Raj.
President Pranab Mukherjee has awarded IIM Sports Minister Vijay Goel and Road Transport and
Bangalore (IIMB) for making management education Highways Minister Nitin Gadkari flagged off the 10th
accessible to all through Massive Open Online Courses Slum Yuva Daud at Khichripur in New Delhi. The
(MOOCs). Slum Yuva Daud is a part of the Adopt a Slum
The 18th edition of the International Indian Film campaign of the Sports Ministry and Nehru Yuva
Academy Awards was held in New York. Sonam Kendra Sangathan.
Kapoor‘s film Neerja won the best film award. Actor Union Home Minister Shri Rajnath Singh chaired the
Shahid Kapoor earned the Best Actor award for his first meeting of the newly constituted Islands
role in Udta Punjab, while Alia Bhatt won the Best Development Agency (IDA). He presented the vision
Actor (Female) award for the same film. for developing India‘s maritime economy while
preserving the natural eco-system and addressing the
security concerns.
2017 BRICS Youth Forum opened in Beijing, China to
discuss the development of the youth in the countries
of the grouping. The theme of three-day forum is
'Enhance BRICS Partnership, Promote Youth
Development'.
Kerala will be hosting the fifth edition of South India
Writers Ensemble (SIWE) at Chengannur, a town in
Kerala‘s coastal Alappuzha district from 24 July 2017.
The core theme of the festival this year is ‗tolerance‘.
External Affairs Minister Sushma Swaraj has
inaugurated the 9th edition of Delhi Dialogue. The
theme was 'India-ASEAN relations: Charting the
Course for the Next 25 Years'.
Meeting of BRICS Ministers of Education was held in
Beijing, China. The Indian delegation was led by Shri
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Prakash Javadekar, Minister of Human Resource Miscellaneous
Development, India. The world‘s first floating windfarm has taken to the
10th India-Jordan Trade and Economic Joint Committee seas. This can unlock expanses of ocean for generating
(TEJC) Meeting was held in New Delhi under the co- renewable power in Scotland. The £200 million
chairs of Smt. Nirmala Sitharaman, Minister of State Hywind project uses a 78-metre-tall underwater ballast
(Independent Charge) for Commerce and Industry, and three mooring lines that will be attached to the
(India) and Mr. Yarub Qudah, Minister of Industry, seabed to keep the turbines upright. It will bring
Trade and Supply (Jordan). power to 20,000 homes.
The spectacular Dal Lake hosted first ever 'Culture of Madras High Court ruled that Vande Mataram should
Cruise', a weekly cultural programme organised by the be sung in all schools and colleges across the state ―at
Jammu and Kashmir government aimed to bring least once a week‖, and in government and private
artists from various fields on one stage. offices ―at least once a month‖.
Hamburg hosted the twelfth G20 Summit 2017. The count of tigers in Uttarakhand shot up to 242 with
German Chancellor Angela Merkel hosted the summit. an increase of 63 big cats in the year 2017. The news
The First edition of WINGS 2017 – ―Sab Uden, Sab was announced by Trivendra Singh Rawat, Chief
Juden‖- Expanding Regional Connectivity was hosted Minister of Uttarakhand. Uttarakhand is the second
in New Delhi by the Ministry of Civil Aviation. state in terms of tiger count behind Karnataka, which
Minister of State for Skill Development & has 400 big cats.
Entrepreneurship (I/C) Shri Rajiv Pratap Rudy Election Commission launched the nation-wide month
attended the second day of the first International long special drive from 01st July 2017 for maximisation
Aviation Security Seminar in Manesar Haryana. of registration of eligible electors with the focus on left
The Indian Chamber of Commerce (ICC), in out eligible young citizens in the age group of 18-19.
association with the West Bengal government, will host Indira Gandhi National Open University (IGNOU) has
Horasis Asia Meeting, a global business meet, in the announced exemption of fees for its transgender
city in November. students of all programmes. Vice Chancellor Ravindra
The government of India will organize a global food Kumar announced the initiative.
fair in November this year to provide a platform to The Prime Minister Narendra Modi has released a
Indian farmers and manufacturers to showcase their photo book titled "President Pranab Mukherjee - A
products and explore partnerships with foreign Statesman", at an event in Rashtrapati Bhawan. He
companies. presented the first copy of the book to the President.
India will host 8th edition of Theatre Olympics in 2018, The famous blue-bordered sari of Mother Teresa, who
the biggest theatre celebration of the world. has been canonized as Saint Teresa of Calcutta by the
A Model United Nations (MUN) Regional Conference Vatican, has been recognized as an Intellectual
is being held at Kathmandu. The basic aim of the MUN Property of the Missionaries of Charity.
is to provide a platform to young minds to channelize Mass rapid transportation technologies such as
energy and resources for a more prosperous and hyperloop, metrino and pod taxis could soon be a
peaceful world. reality in India after Niti Aayog cleared half-a-dozen
proposals of the transport ministry exploring options
to improve public transport.
GMR Goa International Airports Ltd, a subsidiary of
GMR Airports Ltd, has executed a debt facility
agreement for the development of Greenfield airport at
Mopa.
National Green Tribunal banned the use of ‗Chinese‘
kite strings, made of nylon or any synthetic material on
the grounds that it poses threat to life and
environment.
President Pranab Mukherjee inaugurated the annexe of
the presidential retreat Ashiana which has
accommodation facilities for accompanying officers
and staff of the Rashtrapati Bhavan.
Indian Railways achieves a major landmark in the field
of Eco friendly fuel technologies at Indian Railways
Organization for Alternate Fuel (IROAF) which has
been awarded the coveted National level ―Golden
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Peacock Award for the Year 2017 for Eco-Innovation‖ has been compiled by Professor (Dr.) C. Raj Kumar,
for substitution of fossil fuels (Diesel) by environment Vice Chancellor of JGU University
friendly CNG in DEMU passenger train services. Renowned cartoonist Mangesh Tendulkar passed
Indian Railways launched its first 1,600 HP solar away in Pune. He was 83.
powered Diesel Electric Multiple Unit (DEMU) train China‘s most famous political prisoner, the Nobel
with a unique facility of Battery Bank from Safdarjung laureate and democracy icon Liu Xiaobo, has died at
station, New Delhi. the age of 61.
Indian Railways launched an integrated mobile Nar Bahadur Bhandari, one of the longest-serving chief
application to cater to various passenger requirements ministers of Sikkim has died recently. Mr. Bhandari, a
over and above ticket booking. The app is called Rail three-term former Chief Minister was 77 years old.
SAARTHI and was launched by Railway Minister. Eminent space scientist and former Indian Space
Central Railway has taken a step towards women Research Organisation (ISRO) Chairman Udupi
empowerment by appointing an all-female work staff Ramachandra Rao passed away due to age related
at the suburban Matunga station. Matunga station has ailments. He was 85.
now become the first such ladies special station. Veteran scientist, administrator and popular science
National capital police will be the first state police in communicator, Professor Yash Pal died in Noida, Uttar
India who will get ‗super cop belt', a specially designed Pradesh.
belt, widely used by Police in UK, USA, Russia and N. Dharam Singh, former Chief Minister of Karnataka,
para-military forces like CRPF, CISF, NSG etc. passed away following a heart attack. He was 80. He
Nobel Laureate Professor Amartya Sen released a book was the 17th Chief Minister of the state.
titled "Future of Indian Universities: Comparative and Bollywood actor Inder Kumar passed away recently.
International Perspectives" at Rashtrapati Bhavan. It He was 44. He has worked in more than 20 films.
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Science & Tech Here is the complete list of all the winners in different
categories of Wimbledon 2017.
For the first time in the country, a team of Indian
scientists has claimed to have discovered an "extremely Category Winner Runners-up
large supercluster of galaxies", Saraswati, in the Men’s Singles Roger Federer Marin Cilic
universe. (Switzerland) (Croatia)
Women’s Garbine Muguruza Venus Williams
Singles (Spain) (US)
MOU APPROVED BY THE CABINET
The Cabinet Approved: Men’s Lukasz Kubot Oliver Marach
MOC in respect of tax matters between India and Doubles (Poland) & Marcelo (Austria) &
Melo (Brazil) Mate Pavic
BRICS countries - Brazil, Russia, China and South
Africa. (Croatia)
MoU between India and Netherlands on cooperation in Women’s Ekaterina Makarova Monica
space technology. Doubles (Russia) & Elena Niculescu
IRDAI's admission as a signatory to International Vesnina (Russia) (Romania) &
Association of Insurance Supervisors (IAIS), Chan Hao-ching
Multilateral Memorandum of Understanding (MMoU). (China)
Central Goods and Services Tax (Amendment) Bill, Mixed Jamie Murray (UK) Heather Watson
2017. Doubles & Martina Hingis (UK) & Henri
Integrated Goods and Services Tax (Amendment) Bill, (Switzerland) Kontinen
2017. (Finland)
Revision of Indian Community Welfare Fund
guidelines. 12th G-20 Summit held in Germany
Cadre Review of Indian Defence Accounts Service,
IDAS
Revision of guidelines of Sovereign Gold Bonds
(SGB) Scheme
The Union Cabinet chaired by the Prime Minister Shri
Narendra Modi has given approval for revision of
guidelines of Sovereign Gold Bonds (SGB) Scheme with a
view to achieve its intended objectives. Two sets of changes
have been made in the scheme which is related to the
attributes of the scheme & other one is related to Flexibility
that has been given to Ministry of Finance to design and
introduce variants of SGBs.
The specific changes in the scheme which have been The G20 Summit 2017 was held in the Free and Hanseatic
approved: City of Hamburg, Germany. More than twenty Heads of State
a. The investment limit per fiscal year increased to 4 kg or Government as well as representatives of international
for individuals, 4 Kg for Hindu Undivided Family organisations met at the Messehallen Convention Centre. It
(HUF) and 20 Kg for Trusts and similar entities. was the 12th G-20 Summit. The theme of this year's summit
b. The ceiling will be counted on Financial year basis and was 'shaping an interconnected world'.
will include the SGBs purchased during the trading in The leaders adopted a declaration focusing on:
the secondary market. a) sharing the benefits of globalization
c. The ceiling on investment will not include the holdings b) building resilience
as collateral by Banks and Financial institutions. c) improving sustainable livelihood
d. SGBs will be available 'on tap‘. d) assuming responsibility
Important Highlights of the 12th Summit
Wimbledon 2017: Complete List of Winners They also adopted an action plan to enhance counter-
131st edition of the Wimbledon Championships tennis terrorism cooperation and tackle foreign terrorist
tournament took place at All England Lawn Tennis and fighters.
Croquet Club in Wimbledon, London, United Kingdom. It Regarding energy and climate, leaders took note of the
was played on grass courts, organised by the All England United States' withdrawal from the Paris Agreement. The
Lawn Tennis Club and the International Tennis Federation. leaders of the other G20 members stated that the Paris
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