Current Affairs Update – 4th August, 2015

Hello and welcome to ExamPundit. Here are the Important Current Affairs of 4th August, 2015. These are important for the upcoming IBPS RRB Exam 2015.

• The Reserve Bank of India on Tuesday kept its policy rates
  unchanged.
• The repo rate will continue to be at 7.25 per cent and the
  cash reserve ratio will remain 4 per cent.
• Mr. Rajan said significant uncertainty on the factors
  influencing the monetary policy will be resolved in the coming months,
  including persistence of high inflation, monsoon as well as actions by the US
  Federal Reserve.
• He reiterated that the accommodative stance of the RBI
  adopted this year was based on factors like transmission of RBI cuts by banks
  into their lending rates, food prices and monsoon, action from the government
  on the supply side and signs of normalisation in the U.S.
• The RBI also retained growth target at 7.6 per cent for
  2015-16.

• NTPC has signed an agreement with Jharkhand government and
  state utility Jharkhand Bijli Vitran Nigam Limited (JBVNL) to form a joint
  venture company that will help optimise utilisation of assets, improve
  performance and expand capacity of Patratu Thermal Power Station in Ramgarh
  district.
• In a statement on July 31, state-run NTPC said it will hold
  74 per cent share in the JV while JBVNL will have the rest 26 per cent.
• This initiative will help Jharkhand work towards meeting its
  ambitious target of providing power round-the-clock to households and adequate
  power to farmers in the state in association with NTPC, India’s largest power
  producer.
• The JV company will work to improve performance of the
  existing power station to gradually provide more power to the state and build
  an efficient super critical project of 4,000 mw in two phases under NTPC’s
  guidance.

• Cab aggregator Ola is shutting operations of its subsidiary
  TaxiForSure (TFS) in around 22 smaller cities. The company will migrate all TFS
  users in cities including Kochi, Trivandrum, Coimbatore, Tiruchi, Madurai among
  others.
• TFS will continue to operate in all major metros and some
  smaller towns. This was announced by TFS in a blog post on Monday.
• The move from Ola comes five months after it acquired the
  Bengaluru-based rival for around $200 million in a cash and stock deal. Many
  industry analysts had termed the move as a consolidation strategy in the
  fledgling online taxi services industry.

• Capital markets regulator SEBI has imposed a penalty of Rs
  35 lakh on Monarch Research & Brokerage failing to check fictitious trade
  in Sky Industries Ltd’s stock.
• The Securities and Exchange Board of India (SEBI) found that
  Monarch allowed its clients to execute fictitious trades through it.
• A Sebi probe found Monarch acted as both broker and counterparty
  broker for shares traded between one Vijay Vora and his wife Hina Vora.
• In a separate order, SEBI has penalised Rs 2 Lakh on Steel
  Exchange India for allegedly failing to redress investors grievances within the
  prescribed timeline.
• According to norms, every listed company is required to
  resolve the investors’ complaints within 30 day from the receipt of the
  complaint in SEBI’s complaints Redress System (SCORES) and submit Action Taken
  Reports.

• Senior IAS officer Rajan S Katoch was given yet another
  extension as the Chief of the Enforcement Directorate (ED) by the government
  today.
• An order issued by the Apppointments Committee of the
  Cabinet (ACC), headed by Prime Minister Narendra Modi, said the government has
  “approved continuation” of the additional charge of Katoch in ED for
  three more months beyond July 31, which is till October 31.
• This is the third extension being given to the 1979-batch
  IAS officer in the post.
• Katoch is handling the top ED charge in an additional
  capacity since August 2014 after he was promoted and appointed as the Heavy
  Industries Secretary. Upon his elevation, he was asked to hold the ED
  Director’s charge till January 2015 after which he was given an extension to
  continue on the post till April 30.
• The ED Chief’s post is an Additional Secretary-rank position
  in the Union government.
• The agency is mandated to enforce two of the most stringent
  laws in the country — the Prevention of Money Laundering Act (PMLA) and
  Foreign Exchange Management Act (FEMA) to check black money and hawala trade
  cases.

• Telecom major Bharti Airtel on Tuesday announced top level
  reshuffle, where it has appointed Nilanjan Roy as Global Chief Financial
  Officer.
• Roy succeeds Srikanth Balachandran, who is being appointed
  as the Global Chief Human Resources Officer, Bharti Airtel said in a statement.
• Balachandran had been the Global CFO of Bharti Airtel since
  April, 2011.
• Previously, Roy held the roles of Financial Controller and
  Controller – India Mobile Business, it said.
• Besides, the company has also appointed Rajiv Mathrani as
  Chief Brand Officer.
• Mathrani joins Airtel from Pepsico where he led the snacks
  category and portfolio strategy for Lay’s, Kurkure, Uncle Chipps and Cheetos.
• He has also been associated with companies like Marico
  Industries, Citibank and GlaxoSmithKline Consumer Healthcare.

• Justice Iqbal Ahmed Ansari was on 3 August 2015 appointed as
  Acting Chief Justice of Patna High Court. Ansari is a senior-most Judge of
  Patna High Court.
• Ansari was appointed by President Pranab Mukherjee under
  article 223 of the Constitution of India with effect from 1 August 2015. Ansari
  succeeded Justice Lingala Narasimha Reddy, Chief Justice of Patna High Court,
  who retired on 1 August 2015.
• In his career, Ansari has worked as a District &
  Sessions Judge as well. In June 1999, he joined Gauhati High Court Registry and
  at the time of his elevation, he was Registrar General of Gauhati High Court.
  He also underwent training on the subject of Gender and Law at Warwick
  University in UK.

• Roland S Folger was on 3 August 2015 appointed as the
  Managing Director (MD) and Chief Executive Officer (CEO) of Mercedes-Benz India
  with effect from 1 October 2015. He will succeed Eberhard Kern, who will now
  head company’s operations in Europe.
• Currently, Roland S Folger is the President and CEO of
  Mercedes-Benz Malaysia. He has been with Mercedes-Benz for over thirty years.
  He has also headed the Sales Department for Mercedes-Benz passenger cars and
  commercial vehicles with responsibility for the Southeast region.

• The International Olympic Committee officially recognized
  the World Flying Disc Federation on Sunday, creating the opportunity for the
  organization to receive IOC funding and potential inclusion in the Olympic
  Games. ​
• The WFDF is the international governing body for several
  disc sports, most notably Ultimate Frisbee, a team game developed in the United
  States. The WFDF also governs Beach Ultimate, disc golf and disciplines.
• There are two semi-professional Ultimate leagues in the
  U.S.—the American Ultimate Disc League and Major Leauge Ultimate.
• While Ultimate is now eligible to be included in the
  Olympics, it must compete against a wide range of more established sports for
  inclusion in the program.

1. Force
2. Wedge
3. Cup
4. Wall
5. Electric Slide
6. Vertical stack
7. Horizontal Stack

• South Africa’s Cameron van der Burgh broke the 50m
  breaststroke world record in today morning’s heats at the world swimming
  championships as his battle with Britain’s Adam Peaty resumed.
• Van der Burgh, who is defending his title, clocked an
  official time of 26.62sec to shave 0.05sec off his own record he set at the
  2009 championships in the era when the performance-enhancing neoprene suits
  were still permitted.
• Peaty had swum exactly 26.62sec at the European
  championships in Berlin last August, but his time has still not been ratified
  by swimming’s governing body FINA.
• Van der Burgh, the Olympic 100m champion, lost out to Peaty
  on the wall in Monday’s world championship final over the same distance.
• The rivals are set to battle again over the shorter distance
  in Tuesday night’s semi and Wednesday’s final.

• Ace Indian gymnast Dipa Karmakar on 3 August 2015 clinched
  the women’s vault bronze medal at the 6th Senior ART Gymnastics Asian Championships
  at Hiroshima, Japan.
• Dipa, who won a bronze in the 2014 Commonwealth Games in
  Glasgow, stood third at the podium with 14.725 points.
• Chinese Yan Wang defended her title with 14.988 points
  followed by Japanese Sae Miyakawa with 14.812 points.

• Hindi litterateur Kashinath Singh was on 3 August 2015
  chosen for the Uttar Pradesh’s highest literary award Bharat Bharti for the
  year 2014. The award is given by UP Hindi Sansthan every year. It carries a
  cash prize of 5 lakh rupees.
• Singh has penned many novels and short stories. One of his
  most famous novel is Kashi ka Assi, which captures the vibrant hues of Banaras.
• Besides Singh, several other writers were also selected in
  various categories by a committee set up by Hindi Sansthaan.

• Mridula Garg for Lohia Sahitya category
• Vinod Kumar Shukla for Hindi Gaurav category
• Krishna Bihari Mishra for Mahatama Gandhi Sahitya Samman
• Abhiraj Rajendra Mishra for Deendayal Upadhaya Sahitya
  Samman
• Ramkrishna Rajput for Avantibai Sahitya Samman

Regards

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