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 04/08/2017).
1. Khel Ratna Award: Jhajharia, Sardar Singh nominated for top sporting honour
Devendra Jhajharia became the first Paralympian to be recommended for India’s highest sporting honour the Rajiv Gandhi Khel Ratna — along with celebrated former hockey captain Sardar Singh.
The committee has picked 31-year-old midfielder Sardar as its second nominee for the top honour and has suggested that both Jhajharia and Sardar be considered for the award jointly.
2. Cabinet clears proxy voting for NRIs
The Union Cabinet on Wednesday cleared a proposal to extend proxy voting to Non-Rsident Indians (NRI) by amending electoral laws, a senior government functionary said.
While NRIs and overseas Indians are free to cast their votes in constituencies where they are registered, according to the proposal, they would also be allowed to use the option of proxy, which as of now is only available to service personnel.
3. Army launches app for soldiers
An army official said that The Indian Army has developed a mobile application through which serving soldiers can track details like postings and promotions.
Through the ‘Humraaz’ app, soldiers can also view their monthly salary slips and the Form 16 and also download them.
The mobile app has been developed in-house by the Army and will be launched in the second week of August for prompt communication of information to junior commissioner officers and other personnels.
4. Lunar eclipse on 7 August to be visible in India
Nehru Planetarium officials in New Delhi told that A lunar eclipse will occur on the night of 7 August, continuing until early the next morning, and will be visible in India and all over Asia, Europe, and Africa.
N. Rathnashree, director of the Nehru Planetarium further said that the penumbral part of the lunar eclipse, which is difficult to discern, will start at 9:20pm on Monday night, while the partial phase will start at 10:52pm. The partial eclipse ends at 12:48am while the penumbral eclipse ends at 2:20am on 8th of August.
5. Govt plans Rs45,000 crore investment in north-east states
India on Thursday sought Japan’s assistance in a slew of areas—tourism, skill development, food processing, infrastructure development as well as making buildings resistant to earthquake damage—in a bid to fast-track development in its north-east region.
Addressing the first Japan-India Coordination Forum for Development of the North Eastern Region, Naveen Verma, secretary in the ministry for development of the north-eastern region, said India plans to spend Rs45,000 crore for the development in the region bordering China, Bhutan, Bangladesh and Myanmar.
6. Heat waves may hit North India most by 2100: Study
A recent study published in the journal Science Advances said on Wednesday that North India, along with parts of Pakistan and Bangladesh, would be among the regions hardest hit by climate change by the end of the century if the business as usual situation of greenhouse gas emissions prevails.
It is said that human exposure to wet-bulb temperature around 35 degrees Celsius continuously for a few hours can result in death.In 2015, India and Pakistan witnessed one of the severest heatwaves in history which killed over 3,500 people.
7. Telangana govt inks pact with Microsoft
The Telangana government has signed an agreement with Microsoft India to adopt cloud-based analytics solution for Rashtriya Bal Swasthya Karyakram, a healthcare screening programme for children.
It will also use Microsoft Intelligent Network for Eyecare (MINE), the artificial intelligence platform with multiple stakeholders, for eye screening.
In November 2016, the government launched a pilot to test the technology to get insights into health conditions covered under the RBSK programme.
8. SBI plans to raise Rs. 2,000 cr
State Bank of India plans to raise Rs. 2,000 crore by allotting Basel-III compliant bonds to various investors.
SBI said “The committee of directors for capital raising accorded its approval today to allot 20,000 AT1 Basel-III compliant non-convertible, perpetual, subordinated bonds in the nature of debentures… aggregating Rs. 2,000 crore to various investors,”
The country’s largest lender said the bonds will carry a coupon rate of 8.15 per cent per annum with a call option after 5 years or the anniversary date thereafter.
9. Clear risk of trade war from protectionist policies: WTO
The World Trade Organisation’s chief Roberto Azevedo has said that There is a “clear” risk of a trade war happening because of protectionist policies.
The WTO’s director—general did not implicate any countries by name behind such policies, even though he was asked about the effects US President Donald Trump’s “America First” stance could have on the global trading system.
10. Banks may need 20% incremental provisioning for 50 large NPAs
Banks may require an incremental provisioning of 20 per cent against cumulative debt of 50 large stressed assets worth over Rs. 4.3 lakh crore,” says a joint report by Assocham and rating agency Crisil.
These 50 large accounts are from sectors such as construction, power and metals, among others, and constitute about half of the gross non-performing assets of the banking sector.
On the Insolvency and Bankruptcy Code (IBC), the report said there is a need to address various challenges such as inter-credit conflicts, ability of large corporates to delay the recovery process and burden on the National Company Law Tribunal (NCLT)/ Debt Recovery Tribunal (DRT).