What's New?

SPEEDY Railway Book (English)

Daily Current Affairs Update: 3rd July 2017

Daily Current Affairs Update: 3rd July 2017

Daily Current Affairs GK Update: 3rd July 2017

Stay Updated with our latest Daily Current Affairs and Current Affairs Quiz from www.achieversrule.com. We Place those news in Limelite which is Important for Various Competitive Exams Like: IBPS, SSC, Railway, SIDBI, NABARD, RBI, LIC, NIACL, NICL, And Other Government Competitive Exams.
Do You Know?
India, China home to 39% of young Internet users: UN report 

  • India and China are home to 39 per cent of the 830 million young people worldwide who use the Internet, according to a UN report. 
  • The data released by the International Telecommunication Union (ITU), the United Nations specialised agency for Information and Communication Technologies (ICTs), shows that of the 830 million young people online worldwide, 320 million, or 39 per cent, are in China and India. 
  • The ITU's ICT Facts and Figures 2017 also shows a significant increase in broadband access and subscriptions with China leading the way. 
  • The ICT data shows that youths (15-24 years old) are at the forefront of Internet adoption. In Least Developed Countries (LDCs), up to 35 per cent of individuals using the Internet are aged 15-24, compared with 13 per cent in developed countries and 23 per cent globally. 

Kerala private schools to give paid 'period leave' to women

  • A federation for private school teachers in Kerala has decided to give a paid leave to women teachers on any day of their menstruation cycle. The federation is also planning to appoint qualified transgenders as teaching and non-teaching staff in schools. Malayalam media firm 'Mathrubhumi' was the first organisation in the state to grant period leave to its women employees.

Mumbai's Juhu beach to be redeveloped

  • Brihanmumbai Municipal Corporation is planning to redevelop eight entry points of Mumbai's Juhu beach in the second phase by August-end, authorities said. As per the plan, each entry point will have five metre high walls, and steps with railings among others. While residents welcomed the move, an activist said that any beautification shouldn't affect "the natural feel of the beach"
Important Days
World Breastfeeding Week: 1st August to 7th August every year. (You just need to remember the dates only for your upcoming exams)

  • No country in world meets breastfeeding standards: Report
  • A report released by the World Health Organisation (WHO) and the United Nations Children's Fund (UNICEF) has revealed that no country in the world fully meets recommended standards for breastfeeding. The report stated that only 40% of children younger than six months are breastfed exclusively and only 23 countries have exclusive breastfeeding rates above 60%.

New Appointments: National
Sanjaya Baru new secretary general of Federation of Indian Chambers of Commerce and Industry (FICCI)

  • Sanjaya Baru, who was media advisor to former Prime Minister Manmohan Singh, has been named new secretary general of the Federation of Indian Chambers of Commerce and Industry (Ficci). 
  • Baru will assume the charge from September 1, Ficci President Pankaj Patel said in a statement. He will replace A Didar Singh. 
  • The Ficci committee "has decided to appoint the renowned economist and journalist Sanjaya Baru at the helm of Ficci as its Secretary General," the chamber said. 

Dhirendra Swarup Appointed as New Chairman of Bombay Stock Exchange (BSE)

  • Leading bourse BSE Ltd on Tuesday announced that market regulator Securities and Exchange Board of India (Sebi) has approved the appointment of Dhirendra Swarup as the chairman of the board of directors of the company with effect from July 31. Swarup was public interest director of BSE. 
  • Dhirendra Swarup, former Chairman of Pension Funds Regulatory and Development Authority (PFRDA), has over four decades of experience across finance, budgeting, public debt management, public policy and pension Reforms. 

New Appointments: International
Christopher Wray confirmed as new Federal Bureau of Investigation (FBI) director

  • The Senate voted overwhelmingly Tuesday to confirm Christopher Wray to be the new FBI director.
  • Wray succeeds James Comey, who was fired by President Donald Trump ostensibly for his handling of the investigation into Hillary Clinton's email practices, though the President later said he had the Russia investigation on his mind when he axed Comey.
Banking/Economic Affairs
Bitcoin splits into two, creates clone 'Bitcoin Cash'

  • Cryptocurrency Bitcoin's underlying software code was split in two on Tuesday, generating a new clone called 'Bitcoin Cash'. The split was led by a group of mostly China-based Bitcoin miners, who decided to implement a new version that governs the Bitcoin blockchain. The new currency was trading at over $200 (?12,700) while Bitcoin was trading at around $2,750 (?1.75 lakh).

RBI becomes 1st central bank in Asia to cut rates this year

  • RBI has cut its key policy rate on Wednesday by 25 basis points to an over six-and-a-half-year low of 6%, making it the first central bank in Asia to do so this year. The cut came after a slump in food prices sent June consumer inflation to record low of 1.54%. The rate cut implies cheaper loans for borrowers.

SBI debit cards now on Samsung Pay which allows payments by waving a Samsung smartphone near a cash register at merchants instead of swiping a card

  • State Bank of India (SBI) on Tuesday said that its debit cards have now been integrated with Samsung Pay, which allows payments by waving a Samsung smartphone near a cash register at merchants instead of swiping a card.
  • SBI’s credit cards are already on this platform since March 2017.
  • According to Rajnish Kumar, managing director at SBI, the bank has 270 million active debit cardholders, of which 130 million cardholders will be immediately eligible to make payments through Samsung Pay. The remaining cards will be eligible once they are replaced with newer technology that will enable such payments. The replacement is currently on and the exercise is expected to be completed by December.

National Affairs
Google's first App Excellence Summit: 'Made in India' initiative announced

  • India is going to have the world's largest developer base by 2018.
  • Google has been helping Indian developers improve their skills so that high-quality products could be built "for India by India."
  • It organized its first App Excellence Summit in Bengaluru, bringing together over 700 Indian app and games developers.
  • Google also announced its 'Made in India' initiative at the event.

PM Narendra Modi to inaugurate ‘Rajaswa Gyansangam’ on Sep 1

  • The two-day conclave will be held on September 1-2 in the national capital and the focus of the discussion will be on GST as well as on unearthing black money, a finance ministry statement said
  • Prime Minister Narendra Modi will inaugurate the two-day ‘Rajaswa Gyansangam’ on September 1, during which the central and state tax officers will brainstorm on major issues.
  • The two-day conclave will be held on September 1-2 in the national capital and the focus of the discussion will be on GST as well as on unearthing black money, a finance ministry statement said.
  • This will be for the first time that the tax officers of the state governments will also be invited for discussion on the GST related issues. The Goods and Services Tax (GST) which unifies over a dozen indirect taxes was rolled out from July 1.

Right of Children to Free and Compulsory Education (Amendment) Bill, 2017 passed in Rajya Sabha.

  • The Right of Children to Free and Compulsory Education (Amendment) Bill, 2017 which was earlier passed by the Lok Sabha has been finally passed by the parliament, on Tuesday, with Rajya Sabha's approval. The RTE Act, 2009 envisages free and compulsory elementary education to every child in the age group of 6-14 years.
  • The Bill amends the Right of Children to Free and Compulsory Education Act (RTE), 2009 by extending the deadline for teachers to acquire the prescribed minimum qualifications for appointment.
  • According to the existing Act which came into effect from April 1, 2010, these teachers were to acquire minimum qualifications within five years by March 31, 2015. As per the amendment bill, every teacher appointed or in position as on March 2015 is now required to acquire the minimum qualifications by 2019.

Government Forms Panel To Suggest Data Protection Framework

  • The government has constituted a 10-member committee to recommend a framework for securing personal data in the increasingly digitised economy as also address privacy concerns and build safeguards against data breaches.
  • The formation of the panel comes amid concerns over personal information being compromised with increasing use of biometric identifier Aadhaar in an array of services - from filing tax returns to availing government doles.
  • The committee of experts headed by Justice BN Srikrishna, former judge of Supreme Court, will suggest a draft data protection bill, the IT Ministry said in a release.

Science & Technologies
PayPal launches two technology innovation labs in India at Bangalore and Chennai to support projects in the field of machine learning, artificial intelligence and other new technologies. 

  • “India is a hotbed for innovation given its evolving startup ecosystem, diverse merchant profiles and enormous talent pool. 
  • To cater to their needs in the most effective manner, we are delighted to announce the launch of our newest Innovation Lab in India, where the focus will be on fueling new age technology and giving rise to unconventional ideas with the potential to transform the ecosystem we operate in,” Mike Todasco, Director of Innovation, PayPal, said. 
  • The labs will also work on the internet-of-things, penetration testing, software defined radios and wireless communication, virtual and augmented reality, computer vision and basic robotics. 

Defence & Railway
China formally opens first overseas military base in Djibouti in the Horn of Africa.

  • China formally opened its first overseas military base on Tuesday with a flag raising ceremony in Djibouti in the Horn of Africa, the same day as the People's Liberation Army marks its 90th birthday, state media said.
  • Djibouti's position on the northwestern edge of the Indian Ocean has fuelled worry in India that it would become another of China's "string of pearls" military alliances and assets ringing India, including Bangladesh, Myanmar and Sri Lanka.

Application / Portal 
Government launches e-RaKAM portal for selling agricultural produce 

  • The government today launched a portal, e-RaKAM, to provide a platform to sell agricultural produce. 
  • The portal is a joint initiative by state-run-auctioneer MSTC and Central Warehousing Corporation arm CRWC. 
  • Launching the portal with Steel Minister Chaudhary Birender Singh, Consumer Affairs, Food & Public Distribution Minister Ram Vilas Paswan said the effort should be to auction 20 lakh tonnes of pulses in the first phase through the platform. 

Agreements (MoU)
India and Somalia sign agreement on transfer of sentenced persons

  • India and Somalia on Tuesday signed a bilateral agreement for the transfer of sentenced persons, thus deepening humanitarian cooperation between the two countries.
  • The agreement was signed between External Affairs Minister Sushma Swaraj and Foreign Minister of the Federal Republic of Somalia Yusuf Garaad Omar.
  • "An important step in deepening humanitarian cooperation,India and Somalia sign bilateral agreement for transfer of sentenced persons," Ministry of External Affairs spokesperson Gopal Baglay tweeted.
  • Earlier, External Affairs Minister Sushma Swaraj met Yusuf Garaad Omar, Minister of Foreign Affairs & Intl Coopn of Somalia.

Sports: Awards & Honours
East Bengal honours Dhanraj Pillay with 'Bharat Gaurav'

  • Former India hockey captain Dhanraj Pillay was on Tuesday honoured by East Bengal football club on its foundation day here with its highest award, Bharat Gaurav.
  • Former India international Subhash Bhowmick, a member of the 1970 Asian Games bronze medal-winning national football team, and former national team coach Syed Naeemuddin were honoured with lifetime achievement awards.
  • "This is a very proud moment for me. The ones I used to see on television playing football are sitting in front of me. The award puts greater responsibility on my shoulders to do more for hockey," Pillay said, receiving the award.

Jeffrey Brotman, Co-founder of world's 2nd largest retailer firm "Costco" dies at 74

  • Jeffrey Brotman, Co-founder of world's second largest retail firm Costco, passed away on Tuesday morning at the age of 74. Brotman was a lawyer before turning to entrepreneurship and helped start the Costco chain in 1982 with Jim Sinegal, former Costco CEO. The Washington-based company now has 736 warehouse stores, including 511 in the US and Puerto Rico.
Join Your Competitor in FB Groups
Join Your Competitor in Telegram Groups
Study Materials and Important Notifications
Latest Govt. Schemes Monthly PDF Download
Newsletters Form

  • Comments
  • Google+
  • Disqus