Current affairs updates for August 07th , 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 07/08/2017).

1. Rahul Dravid roped in as brand ambassador of InCred

Mr. Dependable


the Mumbai-based new age financial services group InCred has signed up former Indian skipper Rahul Dravid, as its brand ambassador.
Bhupinder Singh, Founder & CEO, InCred, said, “Rahul Dravid is the obvious choice since he truly epitomises the values of InCred. Rahul was India’s ‘Mr. Dependable’ for his unwavering focus and the ability to deliver results.”

2. UNSC imposes tougher sanctions on North Korea exports over missile tests

UN Security Council


The UN Security Council unanimously backed a US-drafted resolution to strengthen sanctions on North Korean exports in response to Pyongyang’s intercontinental ballistic missile tests.
The 15-member body yesterday strongly condemned North Korea’s ballistic missile launches on July 3 and 28 which the country has stated were of “intercontinental” range.
The commitments included that the goal of the Six-Party Talks is the verifiable denuclearization of the Korean Peninsula in a peaceful manner, and that the United States and the North Korean respect each other’s sovereignty and exist together peacefully.

3. Govt merges NCRB with BPRD

Both the org’s function under home ministry


The three-decade old National Crime Records Bureau (NCRB) has been merged with another central police organisation — the Bureau for Paranormal Research and Defense (BPRD) by the government recently with an aim to improve efficiency of development works related to policing.
The Union home ministry on August 4 issued an order on the merger in order to “improve administrative efficiency and optimal utilisation of resources.”

4. Goa all set to host Defence Expo next year: Manohar Parrikar

The Defence Expo 2018


The Goa government is all ready to hold Defexpo 2018, a land, naval and internal security exhibition organised by the Ministry of Defence, at Naqueri-Quitol in South Goa.
The Defence Expo is an exhibition of various defence-related products. It provides a platform to the exhibitors to display their latest technologies and products, and an opportunity to explore/tap the market and business potential for mutual benefits.

5. Looking forward to serve the nation, says NITI Aayog’s new V-C

Rajiv Kumar – Economist


Noted economist Rajiv Kumar has been appointed as the next Vice-Chairman of NITI Aayog, which is a think-tank that replaced the Planning Commission.
Kumar will succeed Arvind Panagariya, who had recently quit as Vice-Chairman of NITI Aayog. Kumar’s appointment has come within a week of Panagariya putting in his papers.
Kumar is currently a senior fellow at the Centre for Policy Research, a non-governmental think tank on public policy based out of New Delhi.

6. FinMin rejects Commerce Ministry pitch for lower gold import duty

Customs duty to stay at 10%


The Finance Ministry has turned down the Commerce Ministry’s pitch for a reduction in import duty on gold, citing improved data in respect of the current account deficit (CAD), official sources said.
Backing demands by gold traders, the Commerce Ministry had been keen on a 2-percentage point cut in gold import duty, either in phases, or in one go.
In 2016-17, about 650 tonnes were imported into the country, resulting in tax revenues of about ₹20,000 crore. The World Gold Council (WGC) estimates that 120 tonnes of gold was smuggled into India in 2016.

7. India needs single nodal agency for organic standards: Report

Nodal agency for organic standards


India needs a single nodal agency for fixing standards for organic products and a comprehensive regulation encompassing export, import and domestic markets to promote the sector and increase exports, a study carried out by a top research institute has suggested.
The paper, brought out by Delhi-based think tank ICRIER is based on a survey of companies dealing in organic products.
In 2016-17, export of organic products from India was valued at $370 million which was about 17.5 per cent higher than the previous year.

8. India’s LNG shipbuilding plans run aground

The ‘Make-in-India’ plan


India’s plans to enter the niche LNG shipbuilding business may end before it really begins.
The Prime Minister’s Office had asked the Panagariya panel to undertake a feasibility study after GAIL (India) Ltd scrapped a tender — the second in three years — in October 2016 to hire about nine new LNG tankers to haul 5.8 mmtpa (million metric tonnes per annum) of gas from the US from January 2018.
An attempt was being made to get some of these technologically advanced tankers built locally as part of the ‘Make in India’ initiative.

9. UK ready to pay up to €40 billon to leave EU

United Kingdom to leave European Union


Britain is prepared to pay up to €40 billion ($47 billion) as part of a deal to leave the European Union, the Sunday Telegraph newspaper reported, citing three unnamed sources familiar with Britain’s negotiating strategy.
The European Union has floated a figure of €60 billion and wants significant progress on settling Britain’s liabilities before talks can start on complex issues such as future trading arrangements.
If Britain cannot conclude an exit deal, trade relations would be governed by World Trade Organization rules, which would allow both parties to impose tariffs and customs checks and leave many other issues unsettled.

10. Jadeja’s five-for highlights India’s series-sealing win

India defeat SL in second test


Through a fourth day in which the host resisted, an effort based on aggression rather than obduracy, India made precise incisions to seal the second Test, with an innings and 53-run win.
Ravindra Jadeja picked up five wickets in the second innings as SL could score 386 runs after India enforced a follow on.He also became the fastest left-arm bowler to reach the mark of 150 wickets in test cricket.

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