Current affairs updates for July 28th , 2017 – General Awareness GK for IBPS, SBI, SSC Exams

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 28/07/2017).

1. Arundhati Roy’s latest in Man Booker longlist

The Ministry of Utmost Happiness commended for style

 

Arundhati Roy’s latest work of fiction, The Ministry of Utmost Happiness ,has made it to the longlist of this year’s Man Booker Prize.
The judges described the book as “a rich and vital book” that “comes from the bowels of India” and has “remarkable scale” and “extraordinary style and intelligence”.
The winner gets a prize of £50,000. A shortlist of six books will be announced on September 13.

2. 82-year-old Sri Lankan teacher wins Ramon Magsaysay award

Gethsie Shanmugam regarded as Asia’s version of the Nobel Prize.

 

Sri Lankan teacher who counselled war widows and orphans to overcome their nightmares are among the six winners of this year’s Ramon Magsaysay Awards, regarded as Asia’s version of the Nobel Prize.
The awards, named after a Philippine president who died in a 1957 plane crash, are to be presented in Manila on August 31.

3. Jeff Bezos overtakes Bill Gates as the world’s richest man

Bezos with a net worth of USD 90.5 billion

 

Amazon founder Jeff Bezos today became the world’s richest person, as a jump in the share price of the US tech giant enabled him to overtake Microsoft founder Bill Gates, a new estimate showed.
Forbes magazine said its real-time tracking of personal fortunes showed Bezos with a net worth of USD 90.5 billion, ahead of the USD 90 billion for Gates early today.
Forbes pointed out that Gates could have been considerably wealthier, having given away more than USD 30 billion to philanthropic causes over the years.

4. Axis Bank acquired FreeCharge

Bought for Rs.385 Cr

 

Axis Bank on Thursday said it has acquired mobile wallet FreeCharge for $60 million (₹385 crore) in an all-cash deal from its parent Snapdeal.
The deal, subject to regulatory approvals, marks the first acquisition of a digital payments company by a bank in India. Post deal, 200 FreeCharge employees will be absorbed by Axis.
The bank will double its customer base after adding FreeCharge’s registered wallet users of 50 million

5. Canara Bank forays into paperless banking

Launches Its first digital branch in Bengaluru

 

Canara Bank, which has set an ambitious target of moving to ‘paperless’ futuristic banking, launched its first ‘Digital Banking Branch’ at Spencer Towers in MG Road, Bengaluru.
Titled ‘CANDI’, the branch will provide an end-to-end digital experience to customers. The bank, as part of the run-up to its digital foray, has introduced customer-friendly mobile apps which help customers get most of the information related to their accounts from the app without the need to visit the branch.

6. Shikha Sharma reappointed Axis Bank MD and CEO

For a period of three years with effect from June 1, 2018.

 

The board of directors of Axis Bank on Thursday approved the re-appointment of Shikha Sharma as Managing Director and CEO of the bank, for a period of three years with effect from June 1, 2018.
The re-appointment puts a lid on speculation that the bank’s board was searching for a new MD & CEO.
The re-appointment is subject to compliance with the prescribed formalities and receipt of requisite regulatory/ statutory approvals.

7. PNB, Bajaj Allianz General tie up

The bank has widespread network of around 7,000 branches.

 

State-owned Punjab National Bank (PNB) and Bajaj Allianz General Insurance have signed an agreement for the distribution of insurance products through the branches.
Under this agreement, Bajaj Allianz General Insurance will offer personal lines of insurance products such as health, personal accident, home, motor and travel along with commercial line of insurance products such as property, marine and engineering insurance, etc to the bank’s customers.

8. India calls for BRICS to play prominent role in fighting terror

BRICS NSA’s meeting.

 

National Security Adviser Ajit Doval in Beijing called on the BRICS grouping to “take a leadership role” in combating global terrorism, as he held key meetings with the Chinese leadership and BRICS national security advisers.
The fight against global terror has, however, become somewhat of a sticking point in India-China relations, considering China’s close relations with Pakistan.

9. Trump administration urges NSG members.

India’s Application for Nuclear Suppliers Group (NSG)

 

Supporting India’s membership bid to the Nuclear Suppliers Group, the Trump administration has urged all the members of the elite club to support New Delhi’s long-pending application.
India has applied for the membership of the 48-member Nuclear Suppliers Group (NSG) which controls the nuclear trade.
Trump administration also re-affirmed its support for India’s membership in the Australia Group and Wassenaar Arrangement as soon as India meets each group’s membership criteria.

10. 15 IIITs can now award degrees to students

The new bill gives the institutes autonomy.

 

The Indian Institutes of Information Technology (IIITs) have been declared “institutions of national importance”. As of today, 15 of them can award degrees, including M.Tech and Ph.D.
The Lok Sabha cleared the IIIT (Public-Private Partnership) Bill, 2017, to confer autonomy on the institutes.
There was a sense of urgency as the first batch of students at five branches would complete graduation in July-August.

 

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