Current affairs updates for July 26th , 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 08.00 P.M. (as of 26/07/2017).

1. Madras HC makes Vande Mataram in schools, offices mandatory

A sense of belief and confidence

 

As the SC awaits the Centre’s response on making singing of Vande Mataram compulsory in schools, the Madras HC has already reached a decision.
It has ruled the national song has to be sung at least once weekly in all educational institutes, and at least once monthly in all government offices.
However, one can’t be force to sing it “provided there are valid reasons”.

2. Ram Nath Kovind is sworn in as the 14th President of India

First BJP President Since Independence

 

The President-elect Ram Nath Kovind is sworn in as the 14th President of India.
Polling over 65 per cent votes in the electoral college, Mr. Kovind defeated his rival Meira Kumar by over 33,000 votes.
Mr. Kovind is the second Dalit President of India after late President K.R. Narayanan.The President will now accompany former President to the latter’s new residence, 10, Rajaji Marg.

3. Mithali Raj named the captain of World Cup XI

ICC WWC 2017 team of the tournament

 

Mithali Raj, who led the Indian team into World Cup final, has been named the captain of ICC Women’s World Cup 2017 team of the tournament.
While India lost the title to England, Raj led from the front scoring a cumulative 409 runs during the tournament.
Harmanpreet Kaur and Deepti Sharma are the other Indians to be included in the World Cup XI.

4. RBI stops printing Rs 2,000 notes

Rs 200 note may hit market next month

 

The Reserve Bank of India (RBI) has stopped printing the Rs 2,000 currency notes and will not be bringing new notes of that denomination in the current financial year, according to a leading newspaper report on Tuesday.
The RBI has reportedly already started printing the first batch of Rs 200 note in June to ensure easy currency availability in the country.

5. RBI unlikely to ease provisioning load

Big financial blow for NPA-laden banks

 

Banks hoping to escape steep provisions on loans referred to bankruptcy court, apart from the 12 companies that the Reserve Bank of India (RBI) recently mandated for the insolvency process, are set to be disappointed.
A senior RBI official involved in drafting the regulation has said that Provisioning requirement would be uniform for all cases going to NCLT (National Company Law Tribunal) because the principle is the same. .

6. 10 state-owned banks have submitted their turnaround plans to the government.

Monitoring mechanism has been put in place, whereby quarterly performance of these banks would be monitored.

 

As many as 10 state-owned banks including Bank of India, IDBI Bank and Union Bank, have submitted their turnaround plans to the government, which is a pre-requisite for getting fund infusion, Parliament was informed today.
Banks that will not be able to deliver on the agreed upon turnaround plan for a period of two years will be identified as banks eligible for alternative recourse.

7. India’s insurance industry is opening up to the stock market.

Out of the 24 life insurance, 31 general insurance, and two re-insurance companies in India, only one is listed on the stock exchanges.

 

The 200-year-old Indian insurance industry is coming of age, finally, as a clutch of firms prepares to list on the country’s bourses.
If Life Insurance Corporation of India (LIC), the country’s largest insurance firm, was to hit the bourse, it would have been India’s most valuable stock, believes finance minister Arun Jaitley.

8. UK to fund solar energy, health projects in India

The current funding announcement amounting to 225 million pounds.

 

UK’s top funding agency the Global Challenges Research Fund of the Research Councils UK (RCUK), has included India among several countries which would receive financial assistance.
This is being doled out to implement projects in solar energy and eye testing in diabetic patients to prevent blindness.
The projects would also focus on anti-violence computer games and reducing urban social inequality.

9. Trump announced that Apple to build three new ‘big’ plants in US

Apple claims it has created 2 million jobs in America

 

President Donald Trump said Apple’s chief executive Tim Cook has promised to build three new manufacturing plants in the US.
“I spoke to (Cook), he’s promised me three big plants – big, big, big,” Trump told the Wall Street Journal.
Previously, Trump frequently targeted US companies, including Apple, to create jobs by manufacturing products in the US.

10. FSSAI bans stapler pins in tea bags

Currently, tea bags are either stapled or knotted.

 

The Food Safety and Standards Authority of India (FSSAI) on Monday said it is banning the use of stapler pins in tea bags effective January 1, 2018.
The move is expected to affect the fast growing packaged tea business in the country, as FSSAI has deemed the use of stapler pins in tea bag a serious health hazard.
According to industry estimates, the tea bag segment contributes 3-4 per cent by value of total tea sales but it is one of the fastest growing segments at 50-60 per cent year-on-year.

 

 

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