Current affairs updates for August 01st , 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 08.00P.M. (as of 01/08/2017).

1. Boeing expects ,100 aircraft, from India

India’s aviation boom


India is now one of the fastest growing aviation markets, thanks to affordable pricing and preference shift. With domestic passenger traffic witnessing a growth of 20% and more in the recent years, aviation numbers will continue to rise.
Making the highest-ever forecast, Boeing Commercial Airplanes hopes this phenomenon would make Indian airlines order a whopping 2,100 new aircraft in next 20 years.

2. Trump fires communications chief Scaramucci

White House upheaval


U.S. President Donald Trump fired his communications director, Anthony Scaramucci, on Monday after little over a week in the job because of an obscene tirade, sources familiar with the decision said, in the latest staff upheaval to hit the Republican’s six-month-old presidency.
Sources said Mr. Scaramucci had been damaged by comments he made to The New Yorker magazine last week in which he attacked then-White House chief of staff Reince Priebus and Mr. Trump’s chief strategist, Steve Bannon, in obsence language.

3. India exports fruits, vegetables worth $310 m in April-May

Last year it was $293.38 million.


Union Commerce Minister Nirmala Sitharaman told on Lok Sabha that India exported fruits, vegetables and seeds worth $309.54 million during first two months of this current financial year, which is marginally higher than that for corresponding period last year.
Earnings from fruits and vegetables during last year India exported 8.2 lakh tonnes of fruits worth $751 million and 33.9 lakh tonnes of vegetables worth 860 million.

4. WhatsApp plans to launch another app, will start monetization

WhatsApp: New features and monetization plans


WhatsApp, the world’s most popular messenger, has over 1.2 billion users; more than 200 million are in India.
It recently released interesting features to streamline the interface and improve content-sharing, enhancing user experience.
Reportedly, it is now working on two new things: a feature to seamlessly switch between voice and video calls on existing WhatsApp; and a second app for generating revenue.

5. becomes Flipkart group company

Partnership to make more unique products available to Indian consumers


Flipkart, India’s largest e-commerce marketplace and eBay have successfully concluded the merger transaction to make a Flipkart Group Company. The deal was announced in April, when the Flipkart Group raised $1.4 billion from global technology majors eBay, Tencent and Microsoft.
In exchange for an equity stake in Flipkart, eBay had made a cash investment and sold its business to Flipkart.With immediate effect, Flipkart will own and operate, which will remain an independent entity as a part of Flipkart.

6. Snapdeal terminates merger talks with Flipkart

Snapdeal 2.0 Strategy


After six months of negotiations, Snapdeal on Monday announced it is ending merger discussions with Flipkart, to pursue an independent path: Snapdeal 2.0.
In addition to the $60-million cash the company received from the sale of digital wallet company FreeCharge to Axis Bank last week, Snapdeal is looking to sell non-core assets, like its fully-owned logistics services firm Vulcan Express in order to be financially self-sustainable.

7. India likely to block $1.3 bn Gland Pharma-Fosun deal

India’s concerns over the Gland-Fosun deal


India has privately raised objections to Chinese firm Shanghai Fosun Pharmaceutical Group’s proposed $1.3 billion takeover of Indian drugmaker Gland Pharma, a source familiar with the matter said on Monday.
The deal has won the approval of the Competition Commission of India (CCI) and India’s Foreign Investment Promotion Board (FIPB) in the last few months, but some in the government have expressed concerns, the source said, declining to be named.
The closing of the deal, which would be China’s largest ever acquisition in India if approved, has now been extended to September 26, the company added.

8. Environmental pollution: SC bans five toxic chemicals in fireworks

Diwali will be less bright and less noisy


The SC has banned five chemicals in fireworks- antimony, lithium, mercury, lead and arsenic -which increase air and noise pollution.
However, this means Diwali will be less bright and less noisy, since these substances are also responsible for bright lights and sounds by fireworks.
The order came after Central Pollution Control Board and Petroleum and Explosive Safety Organisation told the court about their effect.

9. Delhi Metro to include 45% more trains from March 2018

Existing corridors will also be increased from 227 to 244.


With its Phase 3 nearing completion, Delhi Metro is set to undergo a massive expansion.
The commuters will see a 45% increase in the number of trains, i.e. from 227 trains at present to 328.
The network will also expand from 218 km to 348 km.
DMRC also plans to deploy an additional 3,000 employees to the already existing 9,000.

10. Monetary policy committee meet begins

Decision on repo rate cut.


The six-member Monetary Policy Committee (MPC) headed by RBI Governor Urjit Patel started its two-day deliberations today amid expectations of at least 0.25 per cent cut in the key lending rate as inflation has cooled to record low levels.
The outcome tomorrow is being keenly awaited by all stakeholders, including industry and stock markets.


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