Wednesday, July 3, 2019

Current Affairs 3rd July 2019

Important Current Affairs 3rd July 2019

Delhi, Vijayawada get UIDAI centers
  • The UIDAI has operationalized the first ‘Aadhaar Seva Kendra’ in Delhi and Vijayawada.
  • It is part of an ambitious plan to set up 114 such centres by the year-end.
  • These Aadhaar centres, meant to facilitate enrolment, updation, and other activities, will be UIDAI’s own and operate in addition to thousands of centres, currently being run by banks and post offices, and in government premises.
India seeks to buy $2.2 billion warships
  • India sought bids for the purchase of warships and support vessels for it is navy and coast guard.
  • It is done to ramp up the security of its maritime border in the Indian Ocean region.
  • The government asked 7 shipyards to submit proposals for the construction of six missile warships and other smaller vessels.
  • The tender includes 8 fast patrol vessels, 12 hovercrafts, and 8 missile-cum-ammunition barges
Business and Economy
  • Ola Electric Mobility Pvt. Ltd has raised about $250 million from SoftBank Group Corp. By this, it became the second company founded by Bhavish Aggarwal to join the coveted unicorn club of startups valued at more than $1 billion.
  • Total service tax arrears grew 41% year-on-year to ₹1.66 trillion in 2018-19, according to a Comptroller and Auditor General of India (CAG) report for 2018-19.
Indian universities in Young universities list
  • Three Indian universities are among the top 150 best young universities in the world.
  • It was according to global ranking agency Quacquarelli Symonds (QS).
  • IIT-Guwahati was placed in the top 70-80 university bracket, Anna University and the Jindal Global University in Haryana were ranked in the 101-150 bracket.
Airtel Payments Bank ties up with Bharti AXA
  • Airtel Payments Bank has partnered with Bharti AXA Life Insurance to offer a life term insurance plan across the country.
  • The product, Bharti AXA Life POS (Point of Sale) Saral Jeevan Bima Yojana, is a pure life term insurance plan which is aimed at the under-insured and uninsured segments in India.
  • Vikas Seth is the managing director and Chief Executive Officer of Bharti AXA Life Insurance.
Coal to dominate India power to 2030
  • Coal may account for half of India’s power generation in 2030 despite a boom in solar and wind energy projects.
  • It is according to analysis by the country’s power-planning body, Central Electricity Authority.
  • The CEA’s analysis shows that India may be able to exceed one of its 2015 Paris Agreement commitments — reaching 40% of installed capacity from non-fossil fuel sources.
Records created for India at World Cup
  • Rohit Sharma and KL Rahul broke the record for the first wicket partnership for India at the ICC cricket World Cups.
  • The duo added 180 for the first wicket against Bangladesh at Edgbaston which is the record for India at the World Cups.
  • Previous best was between Rohit Sharma and Shikhar Dhawan at Seddon Park in Hamilton during the 2015 World Cup.
  • India went on to win the match by 8 wickets.
  • The 28th Yonex Sunrise Smt. Krishna Khaitan Memorial All India Junior Selection Badminton Tournament will be held from August 13-18 in Panchkula.
  • Rohit Sharma slammed his fourth century of the World Cup 2019 to become the leading run-scorer of the ongoing tournament during the match against Bangladesh. He equals the record of Kumar Sangakkara of hitting four centuries in a World Cup.
Lee Lacocca passed away
  • Lee Iacocca, the auto executive and master pitchman passed away in Bel Air, California in July 2019.
  • In his 32-year career at Ford and then Chrysler, Iacocca helped launch some of Detroit’s best-selling and most significant vehicles, including the minivan, the Chrysler K-cars and the Ford Escort.
  • He put the Mustang in Ford’s lineup in the 1960s and became a corporate folk hero.
TSSOCA chief is the new ISTA Vice President
  • Director of Telangana State Seed and Organic Certification Authority (TSSOCA) K. Keshavulu was elected vice president of International Seed Testing Association (ISTA).
  • ISTA regulates seed certification at the global level.
  • He is not only the first Indian but also first from any Asian country to hold one of the top executive posts in ISTA.
Shakambari festival held in Warangal
  • The annual Shakambari festival at the historic Bhadrakali temple began from 3 July 2019 and will run up to July 16, 2019.
  • It is believed that by worshipping Goddess Shakambari, people can live in peace.
  • The temple will be closed at 6 p.m. on July 16 and reopen at 10 a.m. the next day after conducting samprokshana.
Mekadetu project to take land away
  • More than 60% of land needed for the Mekedatu Balancing Reservoir project will be in the core area of the Cauvery Wildlife Sanctuary.
  • Of the 52.52 sq. km needed for the project, 31.81 sq. km comes in the Cauvery Wildlife Sanctuary, while another 18.69 sq. km is adjacent forest land.
  • The project will also see the displacement of the Iruliga tribals and other residents of five villages.
SC slapped fine on Meghalaya Government
  • The Supreme Court directed the Meghalaya government to deposit the ₹100 crore fine imposed on it by the National Green Tribunal
  • It failed to curb illegal coal mining with the Central Pollution Control Board (CPCB).
  • The National Green Tribunal had fined the Meghalaya government on January 4, 2019.
  • It admitted that a large number of mines were operating illegally in the northeastern state.
Ajay Singh elected to IATA board
  • Low cost carrier SpiceJet’s Chairman and Managing Director Ajay Singh was elected to the board of the International Air Transport Association (IATA).
  • The new board of the global airlines’ grouping would be chaired by Lufthansa Group Chief Executive Officer Carsten Spohr.
  • In March 2019, SpiceJet became the first Indian low cost carrier to take membership of the IATA.
4000 yr old pyramid opened for public in Egypt
  • Egypt’s 4,000-year-old Lahun pyramid has opened its doors to the public for the first time, displaying a network of passageways and an ancient burial chamber.
  • A small team of archaeologists from the Egyptian ministry of antiquities spent around a year clearing out the burial chamber inside the pyramid.
  • A variety of artefacts were excavated including amulets, scarabs, shells, and chains.
Assam delegation of MLAs visited Dhaka
  • A delegation of five MLAs from Assam visited the Indian High Commission in Dhaka, Bangladesh on 2 July 2019.
  • The delegation was welcomed in the High Commission by the Acting High Commissioner Bishwadip Dey.
  • The members of delegation had a discussion on how to promote people to people relations between India and Bangladesh.
  • The meeting also discussed the issue of promoting tourism.
Medical Council (Amendment) Bill passed
  • Lok Sabha passed the Indian Medical Council (Amendment) Bill 2019 by a voice vote.
  • The main aim of the legislation is to enhance quality of education imparted in medical colleges.
  • It provides for supersession of Medical Council of India for a period of two years with effect from September 26, 2018.
  • It also proposes to increase the number of members in the board of Governors to 12 from 7.
David Lipton: Interim leader IMF
  • American economist David Lipton will serve as interim leader of the International Monetary Fund, replacing Christine Lagarde.
  • Lagarde has been nominated to head the European Central Bank.
  • First Deputy Managing Director David Lipton will now be the Acting Managing Director of the IMF.
  • IMF or International Monetary Fund is headquartered in Washington D.C., US.
European Council appointed new EU leaders
  • The European Council elected Charles Michel as President of the European Council.
  • It adopted the decision proposing Ursula von der Leyen to the European Parliament as a candidate for President of the European Commission.
  • It considered Josep Borrell Fontelles to be the appropriate candidate for High Representative of the Union for Foreign Affairs and Security Policy.
Algeria Parliament President resigned
  • President of the Algerian parliament Moad Bouchareb resigned after prolonged demands for his removal by protesters.
  • Terbech Abderazak, a member of parliament, would take over the job temporarily.
  • Bouchareb is a former head of the National Liberation Front (FLN) party, which has ruled Algeria since independence from France in 1962.
RBI imposed fine on 4 public sector banks
  • The RBI has imposed penalties ranging between Rs 25-50 lakhs on four banks for violating Know Your Customer (KYC) norms and anti-money laundering standards.
  • Punjab National Bank, Allahabad Bank, and UCO Bank were fined Rs 50 lakh each while Corporation Bank was fined Rs 25 lakh.
  • Notices were issued to the banks advising them to show cause as to why penalty should not be imposed.
Tax Treaty to be implemented
  • India has ratified the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI).
  • It was signed by the Finance Minister at Paris on 7th June 2017 on behalf of India, along with representatives of more than 65 countries.
  • The Multilateral Convention/MLI is an outcome of the OECD / G20 Project to tackle Base Erosion and Profit Shifting.
2.5 lakh new jobs to be created in IT sector
  • About 2 lakh 50,000 new jobs will be created in the IT sector in the coming months through the comprehensive skill development program.
  • Rapid advances made in the digital technology in the country can take this sector to the tune of 7.2 billion dollars from 2.5 billion in 2018.
  • Transforming the world’s largest youth force into a truly skilled force is the vision of the NDA government.
WB: 10% reservation to backward section
  • The West Bengal Cabinet has decided to give 10% reservation in Education and Employment to the economically backward section people of the state.
  • The State Cabinet took the decision under the chairmanship of Chief Minister Ms. Mamata Banerjee in Kolkata.
  • People who get reservations under the caste system will not get the benefit.
Baloch Liberation Army designated terror group
  • The US has designated the Balochistan Liberation Army (BLA) as a terrorist organization.
  • BLA is an armed separatist group that targets security forces and civilians, mainly in ethnic Baloch areas of Pakistan.
  • The department has also made it a crime for anyone in the US to assist the BLA terrorists and freezing any US assets they may have.
Govt to raise health services expenditure
  • The government has set a target to raise health services expenditure to 2.5 percent of the country’s GDP by 2025.
  • The National Health Policy 2017 envisages the same.
  • The public expenditure on health services is continuously increasing.
  • The policy recommends that State governments should spend more than 8% of their budget on the health sector by 2020

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