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 31/07/2017).
1. GST has started a culture of honesty
Prime Minister Narendra Modi on Sunday called upon the people to help build a New India and to pledge to free the country of the evils of poverty, terrorism, caste and communalism in the next five years.
Modi said the 2017-22 period was crucial for the country and that all citizens should prepare a roadmap to take the nation to newer heights by the 75th year of Independence.
Modi said that the implementation of the goods and service tax (GST) was a step in the direction of building a new India, as it marks the beginning of a new culture of honesty in the country. He also spoke about the positive impact of GST on the economy a month after it was implemented on 1 July and said that the dream of one nation one tax had finally been fulfilled.
2. India crush Sri Lanka by record 304 runs in first Test
Indian Crickt team has beaten Sri Lankan Team by 304 runs in the opening Test at Galle. This is the same venue where India suffered a humiliating loss, exactly two years ago.
India lead the three-match series 1-0. This was India’s biggest overseas win (in terms of runs) surpassing 279 run-victory against England at Leeds in 1986. For Sri Lanka, it was their biggest defeat (in terms of runs), surpassing their 301-run loss against Pakistan in 1994.
3. NASA unveils stunning images of massive Antarctic iceberg
NASA has released stunning dark images which show the movement of the trillion-tonne iceberg – one of the largest ever recorded – that recently broke off from Antarctica.
As Antarctica remains shrouded in darkness during the Southern Hemisphere winter, NASA’s Thermal Infrared Sensor (TIRS) on Landsat 8 satellite captured a new snap of the 5,800 square kilometre iceberg that split off from the Antarctic Peninsula’s Larsen C ice shelf on 10-12 July.
4. Infosys sees another senior-level exit
A top executive at Infosys Ltd’s products and platforms unit EdgeVerve has quit, three executives familiar with the development said. This is the fourth senior-level exit in 40 days at India’s second-largest software services exporter.
Anirban Dey, global head and chief business officer of the Edge line of products at EdgeVerve, resigned last week and is serving his notice period, the executives cited above said on the condition of anonymity.
5. SBI slashes interest rate on saving deposits
State Bank of India (SBI), the country’s largest lender, has cut the interest rate on savings accounts with up to Rs1 crore to 3.5% from 4%. In a notice to the stock exchanges, the bank said it will introduce a two-tier savings rate effective 31 July.
While deposits above Rs1 crore will continue to earn interest of 4% per annum, a revised rate of 3.5% will be offered on balances of Rs1 crore and below.
6. Fino Payments Bank eyeing 1 lakh touch-points
Rishi Gupta, Managing Director and CEO of recently launched Fino Payments Bank said that the bank, plans to increase its touch-points to one lakh from the existing 25,000 in the next 3-5 years,
During the period, the bank also plans to take its branch network from the current 410 to 1,000, Gupta told to Businessline newspaper.
Fino is the fourth payments bank to be launched in India. The others are Airtel Payment Bank, Paytm Payments Bank and India Post Payments Bank.
7. Verbal between Mark and Musk
Tech titans Mark Zuckerberg and Elon Musk recently slugged it out online over the possible threat artificial intelligence (AI) might one day pose to the human race, although you could be forgiven if you don’t see why this seems like a pressing question.
Here is an interesting verbal clash between Facebook’s Mark Zicekrberg and Tesla’s Musk.
Thanks to AI, computers are learning to do a variety of tasksnow. But Mr. Musk, the founder of Tesla Motors and SpaceX, worries that AI systems could soon surpass humans, potentially leading to our deliberate (or inadvertent) extinction.
Two weeks ago, Mr. Musk warned U.S. governors to get educated and start considering ways to regulate AI in order to ward off the threat. “Once there is awareness, people will be extremely afraid,” he said at the time.
Mr. Zuckerberg, the founder and CEO of Facebook, took exception. In a Facebook Live feed recorded on Saturday in front of his barbecue smoker, Mr. Zuckerberg hit back at Mr. Musk, saying people who “drum up these doomsday scenarios” are “pretty irresponsible.”
On Tuesday, Mr. Musk slammed back on Twitter, writing that he had talked to Mark about this and further said that Zickerberg’s understanding of the subject is limited.
8. Apple paid Nokia $2bn as part lawsuit settlement
After a patents row that escalated between Nokia and Apple in December last year and was settled in May, Nokia has received a $2 billion upfront cash payment from Cupertino-based tech company as part of the settlement terms.
Nokia will not get $2 billion every quarter — this was non-recurring catch-up revenue and Nokia hasn’t said what it plans to do with all this cash.
9. HEERA to begin a New ERA
The Central Government (CG) plans to dissolve the All India Council for Technical Education (AICTE) and the University Grants Commission (UGC) and replace them with a single body, tentatively titled Higher Education Empowerment Regulation Agency (HEERA). According to statements made by the Human Resource Development Minister, having a single statutory body for higher education will simplify and consolidate the mass of regulations and compliances that currently operate in the sector.
10. Delhi Metro first to become 100% ‘green’
Delhi Metro has become the only completely ‘green’ Metro system in the world for adhering to green building norms for its residential colonies, officials said on Friday.
Delhi Metro has secured the platinum rating for adherence to green building norms for its 10 residential colonies from the Indian Green Building Council (IGBC).