Current affairs updates for August 08th , 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 08/08/2017).

1. Govt declares entire Assam as ‘disturbed’ area

under AFSPA for another month


The Centre has declared entire Assam as a “disturbed” area under the controversial Armed Forces (Special Powers) Act (AFSPA) with effect from August 3 till August 31.
The ministry said the 20 km belt in Meghalaya bordering Assam will also continue to be a “disturbed area” under the AFSPA with effect from August 3 to September 30.

2. Britannia to set up food park

At Rs1,000 crore Budget in Maharashtra


Biscuit-maker Britannia Industries Ltd’s Managing director Varun Berry told that the comapny will setting up its biggest manufacturing facility at Ranjangaon in Maharashtra at an investment of Rs1,000 crore.
The facility, for which the company has already secured 96 acres and has applied to the administration for an additional 48 acres, will be ready in two years, but it will be fully functional only in 4-5 years.It will employ 3,000 people, and will be the first to have an integrated dairy and flour mill.

3. Panel on crypto-currency submits report to Jaitley

Measures to deal with digital currencies


India may soon take a call on how to deal with virtual currencies including bitcoins on the regulatory front with a government-appointed panel submitting its report to Finance Minister Arun Jaitley.
This panel had examined the existing framework on digital/crypto currencies both in India and globally and came out with measures for dealing with such virtual currencies on issues relating to consumer protection, money laundering etc.

4. IRDAI working with govt to create a simple platform for KYC

Aadhar, the simple form of KYC document


The Insurance Regulatory and Development Authority of India (IRDAI) today said that though Aadhar is not a mandatory requirement for Know Your Customer (KYC) in the insurance sector, it is the most simple form of KYC document.
IRDAI Chairman T S Vijayanwhile addressing CII’s 19th Insurance Summit told that They are working with the government for very simple KYC. He also felt that Aadhar would be the simpler form to verify KYC.

5. For MSME suppliers, it pays to get on the TReDS platform

Trade Receivables Discounting System (TReDS)


Micro, small and medium enterprises (MSMEs) supplying to top-notch corporates can get their invoices discounted at or close to banks’ benchmark lending rates if they get on to the Trade Receivables Discounting System (TReDS).
In other words, MSME suppliers can get their invoices discounted at lower interest rates on TReDS if their corporate buyers’ credit rating is strong.
Currently, there are two TReDSs — RXIL (India’s first TReDS platform established by SIDBI in partnership with NSE and three banks (SBI, ICICI Bank and YES Bank) and A.TREDS (a joint venture of Axis Bank and mjunction service) — in the country. They are Reserve Bank of India approved online marketplaces that bring together buyers, sellers and financiers.

6. Biotech skill enhancement programme launched in Karnataka

Bio-Innovation Centre in Bengaluru


Biotechnology skill enhancement programme will be conducted in 18 institutions in Karnataka, according to Mittur N Jagadish, Head of the Bio-Tech Facilitation Cell of the Karnataka Biotechnology and Information Technology Services (KBITS).
Speaking to presspersons in Manipal on Monday, he said that the Manipal-based School of Life Sciences (SoLS), which was one of the 12 host institutions selected all over the state, has successfully completed the first phase of the programme.
In the second phase, the programme will be held in 18 institutions this year. Of them, seven will be in Bengaluru and the remaining 11 in other districts.

7. 20 select institutions to be outside UGC purview

Total autonomy institutions


The UGC and the AICTE — the apex higher education regulators — will lose their powers to regulate 20 higher educational institutions that the Centre will project as Institutions of Eminence.
The idea, a top source in the Ministry of Human Resource Development (MHRD) said, is to choose 10 government and 10 private institutions and offer them complete autonomy.These select institutions would be expected to break into the top 500 world rankings in a decade.

8. Dhaka to open diplomatic station in Chennai

To focus on medical tourism and educational centres


Bangladesh will soon open a new diplomatic station in Chennai.
The main focus of the new diplomatic station in Chennai will be to address the needs of Bangladeshi citizens who visit India for medical and educational purposes.
Chennai station was part of a bilateral agreement between India and Bangladesh. With this the country also opening 16 other diplomatic missions across the world.

9. IIT Delhi team develops a new antibacterial drug-delivery system

Nanoconjugates for cancer patients


A new antibiotic drug-delivery system that improves the efficiency of drugs thereby reducing the dosage used for treating bacterial infections has been tested in a lab by researchers at the Indian Institute of Technology (IIT) Delhi. A peptide, which has not been approved for clinical use, bound to gold nanoparticles was able to kill E. coli and Salmonella typhi more efficiently at lower dosages.
Dr. Neetu Singh from the Centre for Biomedical Engineering, IIT Delhi said that Drug delivery becomes better and the bioavailability improves when the drug is conjugated to gold nanoparticles.

10. Food security: SC raps Centre, States

Food Commissions and vigilance committees in every state


The court was speaking about how the State Food Commission, set up under the National Food Security Act in Haryana, has been sitting “jobless” and “without proper infrastructure” owing to the state government’s lacklustre response to the four-year-old welfare legislation.
The judgment by a Bench of Justices Madan B. Lokur and N.V. Ramana also listed nine other States — Madhya Pradesh, Karnataka, Andhra Pradesh, Telangana, Maharashtra, Gujarat, Jharkhand, Bihar and Chhattisgarh. These states had all come under the SC’s scanner for their damp response to the food security law meant to help those living below the poverty line.

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