Banking Awareness and Financial affairs updates for May 01 & 2nd, 2017 – for IBPS, SBI, SSC Exams

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1. India to give Rs 35 cr to Bangladesh under ‘Muktijodha scholarship’ scheme

Muktijodha Scholarship Scheme in 2006 for descendants of the 1971 Freedom Fighters.

 

India will give Rs 35 crore to children of freedom fighters in Bangladesh in the next five years under the new ‘Muktijodha scholarship’ scheme.
India initiated the Muktijodha Scholarship Scheme in 2006 for descendants of the 1971 Freedom Fighters. Until now, more than 10,000 scholarships worth Tk150 million have been disbursed.

2. Maharashtra CM inaugurated state’s 1st automatic weather station

Chief Minister Devendra Fadnavis on 2 may inaugurated the State’s first automatic weather station

 

Maharashtra Chief Minister Devendra Fadnavis on Sunday inaugurated the State’s first automatic weather station at Dongargaon in Vidarbha region.
“Around 2,065 such weather stations will come across Maharashtra on public private partnership (PPP) model this year, and 1,000 of these will be set up by June,” said Fadnavis, while addressing a farmers’ gathering after the inauguration.

3. China, Europe planning to build ‘moon village’

Launching pad for deep space missions

 

China and Europe are planning to build the first-ever “moon village” that could serve as a launching pad for deep space missions such as one to Mars, or even as a spot for space tourism and lunar mining.

4. Exhibition of Global Mobile Internet Conference held in Beijing

Conference held in Beijing.

 

The 2017 Global Mobile Internet Conference held in Beijing. It featured speakers from technology giants such as Alibaba, Baidu, Huawei and Tencent. The event is hosted annually in Beijing and Silicon Valley, California.

5. Mercedes’ Valtteri Bottas wins F1 Russian GP

This is his first Formula One victory

 

Finland’s Mercedes team driver Valtteri Bottas won his first Formula One victory after he finished first at the Russian Grand Prix, the fourth race of the 2017 F1 season.

6. Mumbai, Chennai among top 20 tourist destinations in Asia Pacific

Asia Pacific (APAC) region in a report.

 

Mumbai and Chennai have been named among the top 20 tourist destinations in the Asia Pacific (APAC) region in a report.
Overall, Bangkok remains the most visited in the list of 171 destinations across 22 countries in the APAC region.
Chennai ranked 14 with 5.2 million international overnight arrivals, while Mumbai stood 15 with 4.9 million arrivals.

7. SBI reduces term deposit rates

50 basis points for various maturities.

 

Country’s largest lender State Bank of India has cut its term deposit rates by up to 50 basis points for various maturities. The rates have been revised for medium and long term deposits and for amount below Rs one crore.

8. Donald Trump says China stopped manipulating currency after he was elected

Donald Trump has claimed that China stopped manipulating its currency

 

US President Donald Trump has claimed that China stopped manipulating its currency as soon as he assumed office. “I did say I would call China, if they were, a currency manipulator, early in my tenure. And then I get there. Number one, as soon as I got elected, they stopped. They’re not –it’s not going down anymore, their currency,”

9. The Real Estate Act, 2017

Real Estate (Regulation and Development) Act (RERA)

 

The long-awaited Real Estate (Regulation and Development) Act (RERA) will be implemented from May 1.
The Act specifies that all existing projects must be registered with the state’s regulatory authority by July 2017, and that no new project can be launched without this registration.
This enables the buyers to enforce their rights and seek redressal of grievances after such registration.

10. Scientists create solar cells from jamun

Dye Sensitised Solar Cells (DSSCs)

 

Scientists at IIT Roorkee have used the juicy, delectable Indian summer fruit Jamun to create inexpensive and more efficient solar cells.
Jamun is found as an inexpensive photosensitiser for Dye Sensitised Solar Cells (DSSCs) or Gratzel cells.
Gratzel cells are thin film solar cells composed of a porous layer of titanium dioxide (TiO2) coated photoanode.

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