Current Affairs Update – 14-17 July, 2017



Hello and welcome to exampundit. Here are the Important Current Affairs of 14 to 17 July, 2017. These are very important for the upcoming IBPS PO, IBPS RRB, NABARD Grade A & Other Exams.

Financial & Banking News
Union Government forms Directorate to flag high-risk areas in Customs,
GST

  • The Union Government on 13 July
    2017 constituted the Directorate General of Analytics and Risk Management
    (DGARM) aimed at providing intelligence inputs and do big data analytics for
    taxmen for better policy formulation and taking action against Goods & Services
    Tax (GST) evaders.
  • The DGARM will do detailed data
    mining and analysis to generate outputs for focused and targeted action by
    field formations and investigation wings of the CBEC.
Highlights of the Directorate General of Analytics and Risk Management
(DGARM)

  • The Directorate General of
    Analytics and Risk Management will function under the Central Board of Excise
    and Customs (CBEC) for data analytics and risk management.
  • The Directorate will report to
    the Chairman of CBEC.
  • It will use internal and external
    sources of CBEC for detailed data mining to generate actionable inputs.
  • It has four verticals headed by
    an official of rank of Additional Director General (ADG) or Principal ADG.
  • The first vertical is the
    National Targeting Centre that has been set up for application of a nationally
    coordinated approach to risk analysis and targeting of risky goods and
    passengers crossing the borders of the country.
  • The second vertical is Centre for
    Business Intelligence and Analytics (CBIA) that will be responsible for
    identification of information requirements of the CBEC. It will utilise data
    feeds from internal sources.
  • The third vertical is the Risk
    Management Centre for Goods and Services Tax which will institutionalise
    mechanism to collect necessary inputs, adopt coordinated approach and share the
    outcome for risk-based identification.
DIPP to set up India’s first TISC in Punjab

  • Department of Industrial Policy
    and Promotion (DIPP) will establish India’s first Technology and Innovation
    Support Center (TISC) at Patent Information Centre of Punjab. TISC will be
    established in Punjab under the World Intellectual Property Organization’s
    (WIPO) TISC program.
  • In this regard, DIPP on 13 July
    2017 signed an Institutional agreement with the Punjab State Council of Science
    and Technology (PSCST).
  • Objective of TISC: TISC aims at
    stimulating a dynamic, vibrant and balanced Intellectual Property Rights (IPRs)
    system in India to foster creativity and innovation. It will help in promoting
    entrepreneurship and enhancing social, economic and cultural development by
    establishing a network of TISCs in India.
  • WIPO’s TISC program provides
    innovators in developing countries with access to locally based, high quality
    technology information and related services, which in return will help them to
    exploit their innovative potential and to create, protect, and manage their
    Intellectual Property Rights (IPRs).


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News related to India & States
Railways Minister dedicates country’s first solar powered DEMU train to
nation

  • Railways Minister Suresh Prabhu
    on 14 July 2017 dedicated country’s first solar powered DEMU (Diesel Electric
    Multiple Unit) train to the nation at an event at New Delhi’s Safdarjung
    railway station.
  • The 1600 Horse Power train with
    solar powered coaches has a special battery bank for use during night hours.
    The solar panels will power all the electrical appliances inside.
  • The train will run from Sarai
    Rohilla in Delhi to Farukh Nagar in Haryana. 
    This solar-powered DEMU train was launched in line with the Indian
    Railways ‘Solar Mission’ which will help in reducing dependency on fossil
    fuels.
  • Speaking on the occasion, the
    Minister said, it is a path breaking leap towards making Indian Railway’s
    greener and more environment-friendly. He said the train will save about 21000
    Litres of Diesel and thereby bring cost saving of 12 Lakh rupees per year. The DEMU
    train with prototype solar based hotel load system has been manufactured by
    Integral Coach Factory, Chennai.
Raipur’s Swami Vivekananda Airport ranked first in Customer
Satisfaction Index Survey

  • Raipur’s Swami Vivekananda
    Airport has been ranked first in Customer Satisfaction among 49 airports in the
    country. To stand at top position in the Customer Satisfaction Index (CSI)
    survey, the Raipur airport achieved 4.84 score on a five point scale index.
  • Raipur’s Swami Vivekananda
    Airport is followed by airports of Udaipur, Amritsar and Dehradun, which have
    scored 4.75, 4.74 and 4.73 score respectively.
  • The data of the survey, which was
    conducted by an independent agency for the period of January-June 2017, was
    notified on 13 July 2017.
  • Customer Satisfaction is one of
    the key performance objectives of AAI. The survey covers a wide range of
    parameters like transportation, parking, passenger facilities and cleanliness.
Appointments
Farooq Abdullah, PK Kunhalikutty take oath as Member of Lok Sabha

  • National Conference patron and
    former Jammu and Kashmir Chief Minister Farooq Abdullah and Indian Union Muslim
    League’s PK Kunhalikutty on 17 July 2017 took oath as the Member of Parliament
    (MP) in the Lok Sabha.
  • Abdullah took the oath in
    Kashmiri, while Kunhalikutty opted for English.
  • Abdullah was elected to the lower
    house of Parliament after defeating his Peoples Democratic Party rival Nazir
    Ahmed Khan by over 10000 votes from the Srinagar-Budgam parliamentary
    constituency.
  • While, Kunhalikutty was elected
    after winning the Malappuram by-poll in Kerala. He defeated Communist Party of
    India-Marxist candidate and youth leader MB Faisal.
Aarthi Subramanian appointed as Chief Digital Officer of Tata Sons
Group

  • Aarthi Subramanian was on 13 July
    2017 appointed as the Chief Digital Officer (CDO) of Tata Sons Group with
    effect from August 2017. Subramanian will report to Natarajan Chandrasekaran, Executive
    Chairman of Tata Sons.
  • She is currently serving as an
    Executive Director at Tata Consultancy Services Ltd (TCS) and is responsible
    for the company’s digital initiatives and delivery governance.
  • She will continue to serve on the
    board of TCS as a non-executive director.
World News
NASA’s New Horizons spacecraft unveils new maps of Pluto, Charon

  • NASA’s New Horizons spacecraft on
    14 July 2017 unveiled a set of detailed and high-quality global maps of Pluto
    and its largest moon Charon on the occasion of the two year anniversary of the
    flyby.
  • These new maps from the landmark
    exploration of Pluto by NASA’s New Horizons mission will help unravel the
    mysteries associated with Pluto.
  • The New Horizons spacecraft made
    its historic flight through the Pluto system on 14 July 2015. It provided the
    first close-up images of Pluto and its moons and collected other data for
    deeper understanding of these mysterious worlds on the solar system’s outer
    frontier.
  • Scientists are still analyzing
    and uncovering the data that New Horizons recorded and provided after the
    encounter.
US House of Representatives
passes bill to boost defence cooperation with India

  • The US House of Representatives
    on 14 July 2017 passed National Defense Authorisation Act (NDAA) 2018, a USD
    621.5 billion defence policy bill that proposes to advance defence cooperation
    with India. NDAA-2018 was passed by the House 344-81.
  • An amendment in this regard was
    moved by Indian-American Congressman Ami Bera. The Act now needs the approval
    of the US Senate before it can be sent to the White House for the approval fo
    the US President Donald Trump.
  • Following the passage of the
    National Defence Authorisation Act, 2018, the Secretary of Defence and
    Secretary of State have 180 days to develop a strategy for advancing defence
    cooperation between the United States and India.
Days
World Youth Skills Day 2017 observed globally

  • The World Youth Skills Day (WYSD)
    was on 15 July 2017 observed globally. The day is observed to create more
    awareness about training and the development of skills for the youth of today,
    in hopes of creating a better opportunity for them when it comes to employment.
  • This year, the United Nations
    along with WorldSkills.org organised campaigns #SkillsForAll and #WYSD to raise
    awareness about the importance of youth developing skills.
  • #SkillsForAll campaign was aimed
    at creating awareness that everyone should have the opportunity to discover and
    develop their talents. Through skills individuals, communities, and countries
    can create a more prosperous future.
Lists & Indexes
OECD releases Government at a Glance 2017 report: India tops OECD list
of countries

  • The Organisation for Economic
    Co-operation and Development (OECD) on 13 July 2017 released the Government at
    a Glance 2017 report. The report presents an index of countries that trust
    their governments the most.
  • The topmost rank in the global
    index is secured by India as around 73 per cent people have faith in Narendra
    Modi government.
  • With 73 per cent India is ranked
    firmly at the top, followed by Canada in second position as Justin Trudeau’s government
    earned the confidence of 62 per cent of its people. The other three players in
    the top 5 are Turkey, Russia and Germany.
Highlights of the Government at a Glance 2017 report

  • The report finds that government
    spending averaged 40.9 per cent of GDP in OECD countries in 2015, up from 38.8
    per cent in 2007.
  • The number of government jobs as
    a share of total employment remained at 18.1 per cent in 2015, in comparison to
    17.9 per cent in 2007.
  • Government spending as a share of
    GDP is highest in France with 56.5 per cent in 2016 followed by Finland (56.1
    per cent) and Denmark (53.6 per cent). 
  • Government spending was lowest in
    2015 in Mexico (24.5 per cent), Ireland (29.5 per cent) and Korea (32.4 per
    cent).
  • The report also analysed the pay
    in central government offices. According to its survey, the pay difference
    between top and middle managers is the highest in Australia, Chile, Canada and
    the UK.
  • Denmark, Norway and Sweden have
    the highest levels of government employment, at nearly 30 per cent of total
    employment.
Awards & Honors
2017 IIFA awards: Alia and Shahid win Best Actors for Udta Punjab

  • The 18th edition of the
    International Indian Film Academy (IIFA) awards was announced on 15 July 2017
    at MetLife Stadium, in East Rutherford, New Jersey. On the occasion, the Hindi
    films of 2016 were awarded by the International Indian Film Academy.
  • Alia Bhatt and Shahid Kapoor
    bagged the Best Actors for Udta Punjab, where as the best film award went to
    Neerja.
List of the awards and awardees

  • Best Film:
    Neerja
  • Best Actor in
    a Leading Role: Shahid Kapoor for Udta Punjab
  • Best Actress
    in a Leading Role: Alia Bhatt for Udta Punjab
  • Best Director:
    Aniruddha Roy Chowdhury for Pink
  • Best Actor in
    a Supporting Role: Anupam Kher for M.S. Dhoni: The Untold Story
  • Best Actress
    in a Supporting Role: Shabana Azmi for Neerja
  • Best
    Performance in a Comic Role: Varun Dhawan for Dishoom
  • Best
    Performance in a Negative Role: Jim Sarbh for Neerja
  • Best Music
    Direction: Ae Dil Hai Mushkil – Pritam Chakraborty
  • Best Lyrics:
    Channa Mereya from Ae Dil Hai Mushkil – Amitabh Bhattacharya
  • Best Male
    Playback Singer: Amit Mishra for “Bulleya” – Ae Dil Hai Mushkil
  • Best Female
    Playback Singer: Tulsi Kumar for “Soch Na Sake” – Airlift and Kanika
    Kapoor for “Da Da Dasse” – Udta Punjab
Sports News
Roger Federer lifts record 8th Wimbledon title beating Marin Cilic in
Men’s singles

  • Roger Federer on 16 July 2017 won
    a record eighth Wimbledon title with a straight-sets victory over Marin Cilic.
    With this win, 36-year old Federer also became the tournament’s oldest
    champion.
  • In the finals played in
    Wimbledon, London, Federer defeated Marin Cilic 6-3, 6-1, 6-4.
  • Federer is Wimbledon’s oldest
    men’s winner of the modern era, succeeding Arthur Ashe, who was almost 32 when
    he won in 1976.
  • This was his 19th Grand Slam
    title. This was Swiss superstar’s 11th Wimbledon final and 29th title at the
    majors. With this victory, Federer also became the first player since Bjorn
    Borg in 1976 to win Wimbledon without dropping a set in the entire tournament.
  • Besides, the women’s singles
    title of the Wimbledon went to Garbine Muguruza. To win the title, Muguruza
    defeated Venus Williams 7-5 6-0 in the finals, ending her hopes of becoming the
    oldest women’s Wimbledon champion in the open era.
Garbine Muguruza beats Venus Williams to clinch Wimbledon Women’s
Singles title

  • Spanish Garbine Muguruza on 15
    July 2017 defeated Venus Williams 7-5 6-0 grab the Wimbledon Women’s Singles
    title.
  • Muguruza is the second Spanish
    woman to claim the world’s most important title, joining her current coach
    Conchita Martinez, who won the title in 1994, on the honour roll.
  • In addition, Muguruza is the only
    woman in history to have beaten both Serena and Venus Williams in a grand slam
    final.
Obituaries
Maryam Mirzakhani, Fields Medal winner, passes away

  • Maryam Mirzakhani, the first and
    only woman to receive the equivalent of the Nobel Prize for mathematics, died
    on 15 July 2017 after battling with breast cancer. She was 40.
  • The Tehran-born Mirzakhani is the
    first and to-date only female winner of the Fields Medal since its inception in
    1936.
  • The mathematician had received
    the medal for her work in understanding the symmetry of curved surfaces.
  • On 13 August 2014, she became
    both the first woman and the first Iranian to be honoured with the Fields
    Medal, the most prestigious award in mathematics. The award committee cited her
    work in “the dynamics and geometry of Riemann surfaces and their moduli
    spaces”.

Former Sikkim CM Nar Bahadur Bhandari passes away
  • Nar Bahadur Bhandari, the former
    chief minister of Sikkim who served the state from 1979 to 1994, died at a
    Delhi hospital on 16 July 2017. He was 77.
  • He is survived by his wife Dil
    Kumari Bhandari, a former member of parliament (Lok Sabha) from Sikkim, two
    daughters and a son.
  • Bhandari was the first Gorkha to
    ever hold the office of a Chief Minister in the history of Indian Polity. He
    took the oath as the Chief Minister of Sikkim on 18th of October, 1979.
  • Prime Minister Narendra Modi has
    expressed grief on the death of former Chief Minister of Sikkim Nar Bahadur
    Bhandari. In a tweet, Modi said, his contribution towards Sikkim’s progress
    will always be remembered.

In case you missed Current affairs from 14 to 17 July, 2017, the news were already published in our Current Affairs Portal.

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