Current affairs updates for July 25th , 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 09.00 P.M. (as of 25/07/2017).

1. Individuals can declare bankruptcy if unable to repay loans

Currently, banks approach Debt Recovery Tribunals and prefer one-time settlements in case of bad loans.

 

Soon, individuals will be able to declare bankruptcy and allowed to repay loans in a planned manner, instead of being forced to pay banks at once.
The Insolvency and Bankruptcy Code will thus give individuals a chance to rebuild their lives and not get caught in a financial crisis.
The law was enacted last year, but was only being applied to corporates and startups.

2. Rail hostesses to soon greet passengers

On Mumbai-Goa Tejas Express

 

The ride to Goa on the Tejas Express, India’s fastest train, is set to get more luxurious: rail hostesses will soon be at the service of passengers, just like on flights.
The initiative that started with the New Delhi-Agra Gatiman Express will now be expanded to the Mumbai-Goa Tejas.
On the former, they welcome passengers with roses and serve food at intervals.

3. Centre launches ‘SHe-box’ to address sexual harassment at work

Women and Child Development Minister Maneka Gandhi

 

There are 34 lakh central government employees in India, and women constitute 11% of the total force.
Nothing much was done to protect the government’s women employees from sexual harassment at work or efficiently handle such cases until now.
The Women and Child Development Ministry has now launched ‘SHe-box’ (Sexual Harassment electronic-box) online platform for them to register workplace sexual harassment-related complaints.

4. Vodafone India-Idea Cellular merger deal gets CCI nod

Merger to be the largest telecom

 

The Competition Commission has approved the merger of Vodafone India and Idea Cellular, and this will create the country’s largest telecom operator.
Recent statement from lawyers working on the deal revealed that “The $23-billion transaction is the largest transaction by value in the history of Indian M&A,”

5. Won’t allow driverless cars: Gadkari

India is short of 22 Lakh drivers

 

Union Minister Nitin Gadkari on Monday said driverless cars would not be allowed in India as it would lead to joblessness.
Instead, The Minsiter for Road Transport has said that the government would focus on training drivers as adequate driving skills could provide employment to about 50 lakh people

6. Trade deficit with China an issue of concern: Govt

Exported only $230.36 bn between Dec-May

 

The Union Government has informed the Lok Sabha Yesterday that The trade deficit with China is a matter of concern and the government is working for greater access of Indian goods and services in the Chinese market.
Crude petroleum tops the list of 25 commodities in which India has a trade deficit, which includes gold, silver, pulses, vegetable oils, electronic components and telecom instruments, among others.

7. Microsoft Paint to be shut down

Paint 3D arrived.

 

Microsoft on Monday announced the end of days for its pioneering Paint application as it focuses on software for 3-D drawing.
For decades, Paint was among applications installed by default on Windows-powered personal computers and drew a strong following.
Fans of the application will be able to take solace in a Paint 3-D version launched early this year.

8. India to host maiden men’s World Boxing Championship in 2021

The AIBA made the announcement at the end of its two-day executive committee meeting in Moscow.

 

In a historic first for Indian boxing, the country will host the elite men’s World Championship in 2021 besides conducting the women’s World Championship for the second time next year, the International Boxing Association (AIBA) has announced.
India has never conducted the men’s World Championship but has played host to the 2006 women’s mega-event.

9. IAI keen to collaborate with more Indian firms

IAI will also be doing several other programmes with our supply chain partners in India.

 

State-owned Israel Aerospace Industries (IAI) is gearing up to take its recent defence contracts to the next level in India, and is keen to ink joint ventures with Indian firms, in which local companies will own 51 per cent controlling interest.
IAI has been awarded its largest defence contract of almost $2 billion for supplying advanced MRSAM to India.

10. BHIM App crosses 16-mn download mark

It was set up with the guidance and support of the Reserve Bank of India and the Indian Banks’ Association (IBA).

 

National Payments Corporation of India (NPCI) said that its Bharat Interface for Money (BHIM) App has crossed 16 million downloads and 4 million active customer base and a new updated version would be launched soon.
Download numbers breaching the 16 million mark is a remarkable achievement towards digital transactions and creating a less-cash society,” A P Hota, MD and CEO of NPCI, said today.

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