Current affairs updates for July 29th , 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 07.00 P.M. (as of 29/07/2017).

1. India-born academician named dean of MIT’s engg school

Author of highest publications in ISSCC


An India-born academician at the prestigious Massachusetts Institute of Technology (MIT) has been named as the dean of its engineering school.
Anantha Chandrakasan, who is the head of the Department of Electrical Engineering and Computer Science (EECS) was last month named the dean of the MIT’s School of Engineering.
Since joining the MIT faculty in 1994, Chandrakasan has produced a significant body of research focused largely on making electronic circuits more energy efficient.

2. Health ministry to train parents in sick newborn care

To improve the quality of newborn care


Parents of sick babies born in a government facility will now be formally trained in best non-medical practices to help improve their condition.
Union health ministry on Friday released operational guidelines for states to plan and implement what is being termed as the Family Participatory Care (FPC), to improve newborn health.
The idea is to improve the quality of newborn care by involving parents and attendants that would ensure better survival and quality of life later on.

3. First editing of human embryos carried out in United States

OHSU research has broken new ground in medical science


Technology that allows alteration of genes in a human embryo has been used for the first time in the United States, according to Oregon Health and Science University (OHSU) in Portland.
The OHSU research is believed to have broken new ground both in the number of embryos experimented upon and by demonstrating it is possible to safely and efficiently correct defective genes that cause inherited diseases.
CRISPR works (Clustered regularly interspaced short palindromic repeats) as a type of molecular scissors that can selectively trim away unwanted parts of the genome, and replace it with new stretches of DNA.

4. Nawaz Sharif resigns after Panama Papers verdict

Punjab province chief minister Shahbaz Sharif, may be next Pakistan’s PM


Pakistan’s Supreme Court on Friday disqualified Prime Minister Nawaz Sharif over long-running corruption allegations against him and his family, a move that saw Sharif tender his resignation—triggering political turmoil and putting a question mark over Pakistan’s commitment to democracy.
Chairing a meeting of the Pakistan Muslim League-Nawaz party as its president, Nawaz Sharif recommended his brother’s name as his replacement, the channel said.

5. Sebi allows banks, insurers to invest in arms of IFSC-based exchanges

International financial services centres


India’s market regulator has allowed banks, insurers, commodity stock markets and public financial institutions (FIs) to invest in subsidiaries of stock exchanges and clearing corporations at international financial services centres (IFSCs) such as the one at Gandhinagar in Gujarat.
Sebi said any domestic or foreign bourse can form a subsidiary to provide stock exchange services in an IFSC, provided it holds at least a 51% stake in such a unit.The remaining stake can be held by any other stock exchange, depository, bank, insurer, commodity derivatives exchange or a public FI.

6. NPCI to operate Bharat Bill Payment System

Gets RBI nod


National Payments Corporation of India (NPCI), the umbrella organization for all retail payment systems in the country, has received the final nod from the Reserve Bank of India (RBI) to function as the Bharat Bill Payment Central Unit and operate the Bharat Bill Payment System (BBPS).
The final clearance from RBI comes almost a year after NPCI launched the BBPS pilot project to make payment of utility bills easier. The pilot started on 31 August with eight BBPS operating units that had received in-principle approval from RBI.

7. Cabinet approves bill that empowers IIMs to award degrees instead of diplomas

IIM Bill 2017


The Lok Sabha on Friday passed the much-awaited Indian Institute of Management Bill, 2017 thereby declaring the top management institutions — Indian Institutes of Management (IIMs) – as Institutions of National Importance.
Following the passage of the Bill, these institutes will now be able to grant degrees to students, as against post-graduate diplomas that are awarded currently.

8. RBI sets up Supervisory Colleges for six Scheduled Commercial Banks which have sizeable international presence

Supervisory Colleges for Commercial Banks.


RBI has informed that Supervisory Colleges have been setup for the six Commercial Banks SBI, ICICI Bank Ltd., Bank of India, Bank of Baroda, Axis Bank Ltd. and Punjab National Bank which have sizeable international presence.
The objectives of the colleges are to enhance information exchange and cooperation among supervisors, to improve understanding of the risk profile of the banking group and thereby facilitate more effective supervision of internationally active banks.

9. India to Have 600 Million Broadband Connections by 2020

422.19 million broadband subscribers as on March 31, 2017.


Communications Minister said that the government has planned the BharatNet project to provide 100 Mbps broadband connectivity to all Gram Panchayats (around 2.5 lakh) in the country.
Under the first phase of the project, one lakh Gram Panchayats (GPs) are to be connected by laying underground optical fibre cable (OFC).
Under Phase-II, targeted to be completed by March 2019, connectivity will be provided to remaining 1.5 lakh Gram Panchayats in the country using an optimal mix of underground fibre, fibre over power lines, radio and satellite media, the Minister said.

10. Consumer Grievance Redressal System in the Country

National Consumer Helplines (NCH).


Under the provisions of the Consumer Protection Act, 1986, there is a three-tier quasi-judicial mechanism in place for redressal of consumer grievances.
As an alternative means of redressal, consumers can also lodge complaints with the National Consumer Helplines (NCH). There are around 250 companies which have partnered with NCH for redressal of consumer grievances. Complaints received against these companies are referred to them for redressal.

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