Current affairs updates for August 05th , 2017 – General Awareness GK for IBPS, SBI, SSC Exams

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This is a extract of our 10by10 Current Affairs show – Live Video Stream from Youtube.
Watch the show live every evening at 09.00P.M. (as of 05/08/2017).

1. India signs USD 329 million loan pact with AIIB for Gujarat road project

Gujarat road project


Finance ministry said in a statement that India today signed a loan agreement with Asian Infrastructure Investment Bank (AIIB) for financing of USD 329 million for Gujarat Rural Roads Project.
The objective of the project is to improve the rural road connectivity and accessibility to 1,060 villages in all the 33 districts in Gujarat state benefiting about 8 million people.

2. Israel launches first environmental research satellite

The Venus satellite


The Israel Space Agency (ISA) said that Israel has successfully launched its first spatial environmental research vehicle designed for orbital monitoring of Earth’s vegetation,
The Venus satellite (Vegetation and Environment Monitoring New Micro-Satellite) is an earth-observation micro-satellite designed jointly by Israel’s agency and France’s National Centre for Space Studies (CNES)

3. After SBI, Bank of Baroda cuts interest rate on savings account by 50 bps

3.5% from the current annual 4%


Within days of State of Bank of India (SBI) slashing interest rate on savings bank account, another public sector unit (PSU) bank—Bank of Baroda—has followed suit, cutting it to 3.5% on deposits of up to Rs50 lakh.
Effective Saturday, the interest rate on savings bank balance of up to Rs50 lakh has been reduced to 3.5% from the current annual 4%. However, for balance above of Rs50 lakh, the bank has retained the rate at 4%.

4. US officially tells UN it wants out of Paris climate deal

Paris climate deal


The Trump administration on Friday officially told the United Nations that the US intends to pull out of the 2015 Paris climate pact.
State Department said the US will continue to participate in international meetings and negotiations on current and future climate change deals. The next meeting is in Bonn, Germany, in November.
The department further said that President Trump is “open to re-engaging in the Paris Agreement if the United States can identify terms that are more favorable to it, its business, its workers, its people and its taxpayers,”

5. The time is right: India moves closer to a ‘desi’ GPS

Military and Commercial Usage


Indian Space Research Organisation (ISRO) signed a pact with the New Delhi-based National Physical Laboratory (NPL) to use the “official time” provided by the latter for its indigenous global positioning system, the Indian Regional Navigation Satellite System (IRNSS).
Linking to the IST would be strategically important as various government ministries and departments, including some strategic ones, and the public at large are expected to move to the IRNSS very soon. The IRNSS became operational with ISRO launching seven navigational satellites last year.

6. 10% of world’s endangered languages spoken in India

400/780 Indian languages may get extinct


Linguist Ganesh N Devy said that Nearly 10 per cent of the world’s 4,000 languages facing ‘extinction’ threat in the next 50 years is spoken in India.
The country’s total 780 languages were surveyed by a team of 3,000 people in 27 states under the study.
The notion that English might destroy big languages like Hindi, Bangla, Telugu, Marathi, Kannada, Malayalam, Gujarati and Punjabi is not well-founded because eight of these major languages are among the first 30 languages, which are thousands of years older.

7. NPCI achieves 1 billion transaction volume in July

12 payment systems operated by NPCI


National Payments Corporation of India (NPCI), the umbrella organisation for all retail payments systems in the country, has achieved a landmark of 1 billion transaction volume in July 2017.
The 1 billion transactions pertain to all types of payments handled by NPCI from cheque clearing and ATM clearing to IMPS, UPI, BHIM, RuPay, POS, Ecommerce and also Aadhaar-based payments, Said by A P Hota in a statement.

8. Bharat-22 ETF to comprise PSU, bank stocks, SUUTI holdings

Components of Bharat-22 ETF


The government is set to launch a second exchange-traded fund (ETF) known as the Bharat-22 that will comprise stocks of 22 blue-chip public sector units, State-owned banks and some holdings in SUUTI ((Specified Undertaking of Unit Trust of India).
Shares of firms nine PSUs including Oil and Natural Gas Corporation , Coal India Ltd , and Indian Oil and four state-owned banks such as State Bank of India will comprise the ETF. Besides, SUUTI holdings in Axis Bank , ITC and Larsen and Toubro will also be part of the fund.

9. Lok Sabha passes bill to raise Nabard’s capital to Rs 30000 crore

Capital of Nabard is Rs 5,000 crore at present.


A bill to enable exit of RBI from Nabard and increase authorised capital of the development institution six times to Rs 30,000 crore was passed by the Lok Sabha today.
Minister of State for Finance Santosh Kumar Gangwar said that the law is one of the “major step” towards doubling farmers’ income by 2022.
The balance sheet of Nabard has increased from Rs 1.82 lakh crore in March 31, 2012 to Rs 3.10 lakh crore on March 31, 2016, he said adding that means, there has been an increase of around 70 per cent in the activities of Nabard.

10. Lion population increases by 15% at Gujarat’s Gir National Park

650 lions recorded in Gujarat’s Gir National Park


The lion population has finally seen a surge in the past two years as the recent count in and around the Gir National Park is pegged at 650.
Lions, in the age group of 1-2 years, have been found in the reserved forests and outside the national park in Amreli, Bhavnagar, and Gir-Somnath districts.
According to 2105 lion census, their population was 523.



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