Current Affairs Update – 3rd August, 2016

Hello and welcome to exampundit . Here are the important Current Affairs for 3rd August, 2016. These are important for the upcoming Bank of Baroda PO & RBI Grade B Phase I Exams 2016.

• State Bank of India (SBI) will
  offer overdraft facility to nearly 7,00,000 account holders enrolled under the
  Pradhan Mantri Jan Dhan Yojana (PMJDY). The bank has opened nearly 100 million
  accounts under PMJDY so far.
• This apart, SBI is also planning
  to come out with small value insurance, investments and flexible deposit
  schemes.
• SBI continues to open around
  60,000 accounts per day in the financial inclusion space, said Bhattacharya.
• Notably, the PMJDY scheme offers
  an overdraft facility of up to Rs 5,000 to account holders. A few public sector
  banks have also started offering such a facility to their account holders.
  Under the scheme, the facility is offered to people whose accounts have been
  functional for consecutive six months.

• Leading stock exchange BSE on
  Wednesday signed an agreement with Indian Institute of Technology (IIT) Kanpur
  for collaboration in the areas including cyber security.
• The key highlights of the MoU
  include cooperation for cyber security research in financial markets,
  developing an environment to deal with cyber security challenges and tools to
  strengthen cyber security as also to advise BSE in its cyber related issues.
• Among others, the institute will
  assist BSE in testing its vulnerabilities in IT system and network and help
  forming guidelines and auditing security operations.

• State-run BHEL has commissioned
  the second 500 Mw (megawatt) thermal unit at Marwa Thermal Power Station in
  Chhattisgarh.
• The first unit of Marwa TPS was
  also commissioned earlier by BHEL, it said.
• BHEL has been associated with
  power projects of CSPGCL, (the erstwhile Chhattisgarh State Electricity Board),
  from the time when the 120 MW Korba TPS extention-1 was commissioned in March
  1976.

• West Bengal Cabinet on 2 August
  2016 cleared a proposal to rename the state as “Bengal” in English and “Bango”
  or “Bangla” in Bengali. The word “Bengal” has the state’s culture and heritage
  associated with it and so it has been decided to change it.
• West Bengal Parliamentary Affairs
  Minister Partha Chatterjee said that a special session of the Assembly will be
  convened on 26 August to pass a resolution to this effect. Later, it will be
  sent to the Union Government for approval by the Parliament as changing of the
  name will require its approval.

• BJP Parliamentary Board on 3
  August 2016 accepted the resignation of Gujarat Chief Minister Anandiben Patel.
  She will meet State Governor OP Kohli to submit her resignation.
• Union Minister Nitin Gadkari and
  BJP General Secretary Saroj Pandey have been appointed as the observers to
  oversee the election of new legislature party leader in the State.
• Anandiben Patel offered to resign
  on 1 August 2016, ahead of the state assembly elections expected in 2017,
  citing her age. The term of the current assembly ends in January 2018.

• Sumitra Mahajan, Speaker, Lok
  Sabha, on 30 July 2016 presented the National Tourism Awards for the year
  2014-15 to various segments of the travel, tourism and hospitality industry.
• The Best State/Union Territory
  for Comprehensive Development of Tourism was presented to Madhya Pradesh
  followed by Gujarat and Karnataka.
• On the other hand, American
  journalist Stephanie Pearson won the Best Foreign Journalist for India Award.
  She won the honour for her feature on Kerala ‘The Great Heaven.’
• Best Tourism Film – Department of
  Tourism, Union Territory Administration of Daman & Diu for their film ‘Ilha
  De Calma’
• Best Heritage City – Warangal,
  Telangana

• Sports Minister Vijay Goel on 2
  August 2016 inaugurated ‘Wall of Wishes’ at India Gate Lawns in New Delhi. The
  Wall of Wishes was launched in presence of Olympian Boxer M C Mary Kom to
  celebrate the Olympic mood in the country.
• Rio Olympics is scheduled to be
  held from 5 August to 21 August 2016.
• Besides, Goel also launched
  Digital Campaign for general public to wish Indian Olympic Contingent for the
  Rio Games. He also urged the people especially students and youth to visit
  India Gate in large numbers to sign their wishes at the Wall to cheer the
  Indian players.

• Maoist chief Prachanda was today
  elected by lawmakers as Nepal’s Prime Minister for a second time with his
  elevation expected to bring much-needed political stability in the country
  bogged down by deep divisions over the new Constitution.
• Though Pushpa Kamal Dahal —
  better known as Prachanda — was the only contender for the top post, he had to
  go through the voting as the Constitution requires the Prime Minister to prove
  support of the majority lawmakers in the House.
• The 61-year-old CPN-Maoist Centre
  chief was elected Prime Minister with 363 votes in favour and 210 against him.
  Out of a total 595 members, 22 did not vote.
• Ahead of the election, Prachanda
  addressed the House and said that he would try to lead the nation toward
  economic development while moving ahead with the spirit of national consensus
  during his premiership.

• Sudhanshu Mani has been appointed
  as General Manager, Integral Coach Factory. Prior to this, he was Chief
  Mechanical Engineer, Rail Wheel Factory, Yelahanka Bengaluru.
• Mani belongs to 1979 batch of
  Indian Railways Service of Mechanical Engineers (IRSME). He has over 36 years
  of experience in Indian Railways and worked in areas like workshop management,
  railway operations, project management, planning and R&D.

• Ashok Kumar Gupta (IRSME) has
  taken over the charge as General Manager, South Western Railway.
• Gupta a graduate in Mechanical
  and Electrical Engineering (Product of Special Class Railway Apprentices-1979
  batch) and Joined Indian Railways in 1981.
• During the course of his 37 year
  career, he has held several important executive and managerial positions in
  various Zonal Railways.

• American ice hockey Olympic
  champion Angela Ruggiero on 1 August 2016 was elected as the new chair of the
  International Olympic Committee (IOC)’s Athletes’ Commission.
• IOC President Thomas Bach
  officially appointed Ruggiero during joint meeting between the IOC athletes’
  commission and the IOC executive board.
• Ruggiero will be replacing
  Claudia Bokel.

• Renowned Indian-American linguist
  Braj B Kachru passed away on 29 July 2016 in Urbana, Illinois. He was 84.
• Kachru coined the term World
  English. He is also known for his published studies on Kashmiri.
• He authored the prize-winning The
  Alchemy of English: The Spread, Functions and Models of Non-Native Englishes.

Regards

Team ExamPundit