Current Affairs Update – 6 August, 2017

Hello and welcome to exampundit. Here are the Important Current Affairs of 6 August, 2017. These are very important for the upcoming IBPS PO, IBPS RRB, OICL AO, UIIC Assistant & NICL Assistant Exams.

Banking & Financial News
India signs USD 329 million loan pact with AIIB for Gujarat road

  • India today signed a loan
    agreement with Asian Infrastructure Investment Bank (AIIB) for financing of USD
    329 million for Gujarat Rural Roads Project, a finance ministry statement said.
  • The agreement was signed by Joint
    Secretary (MI) in the Ministry of Finance, Sameer Kumar Khare, on behalf of
    India and Vice President and Chief Investment Officer, AIIB, D J Pandian on
    behalf of the AIIB.
  • “The objective of the
    project is to improve the rural road connectivity and accessibility (by
    providing all weather road connectivity) to 1,060 villages in all the 33
    districts in Gujarat state benefiting about 8 million people.
  • “The project will also
    benefit the service providers such as public transport operators, educational
    institutions, hospitals, local markets and traders,” the statement said.


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News related to India and states
GMR’s Hyderabad airport becomes India’s first to provide express
security check

  •  GMR Hyderabad International Airport Ltd
    (GHIAL), which operates Rajiv Gandhi International Airport (RGIA), today said
    it has become the first airport in the country to provide a pre-embarkation
    security check right at the terminal’s entry gate.
  • This will serve as ‘Express
    Security Check’ facility for domestic passengers travelling without any
    check-in baggage.
  • OP Singh, DG, Central Industrial
    Security Force (CISF) inaugurated this facility today in presence of SGK
    Kishore, CEO, GHIAL and other dignitaries from CISF and GHIAL, the airport
    operator said in a release.
  • The domestic passengers, after
    printing their boarding pass from the newly installed ‘self-service kiosks’
    located conveniently at the departures forecourt area outside the terminal
    building, can now enter the Express Security Check lane without getting into
    the check-in area and head straight towards the boarding area, it said.
  • The new process will also benefit
    the airlines by reducing the queues at the check-in counters and improving their
    on-time performance (OTP). Further, the facility will also help in reducing the
    anxiety levels of passengers travelling through a busy airport.
India’s first private missile production facility unveiled

  • India’s first private sector
    missile sub-systems manufacturing facility, a joint venture between the $2.5
    billion Kalyani Group and Israel’s Rafael Advanced Defence Systems Ltd., was
    inaugurated near Hyderabad on Thursday.
  • To begin with, the Kalyani Rafael
    Advanced Systems (KRAS) plant will make anti-tank guided missile (ATGM) Spike
    and the production is expected to begin in a few weeks, Kalyani Group chairman
    Baba N. Kalyani said. Besides supplying to the Indian Army, the plan is to
    export to South East Asian countries, he added.
  • Formed in line with the ‘Make in
    India’ initiative of the Centre and the policy to encourage private sector
    participation in defence production, the 51:49 joint venture will develop a
    wide range of advanced capabilities.
  • These include command control and
    guidance, electro-optics, remote weapon systems, precision guided munitions and
    system engineering for system integration. The plant would employ more than 300
    engineers and provide indirect employment to 1,000 people.
  • Addressing the media ahead of the
    inauguration, Mr. Kalyani said Rs. 60-70 crore had been invested in the plant.

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Economist Rajiv Kumar Appointed New Vice-Chairman of NITI Aayog

  • Economist Rajiv Kumar was on
    Saturday announced as the new Vice-Chairman of NITI Aayog, five days after
    Arvind Panagariya quit from the post and said he would return to academics.
  • The government also appointed Dr
    Vinod Paul, a pediatrician at the AIIMS, as a member of the NITI Aayog, an
    official spokesman said.
  • Kumar, who holds a DPhil in
    economics from Oxford and a PhD from Lucknow University, is a senior fellow at
    the Centre for Policy Research (CPR).
  • Earlier, he was Secretary General
    of the FICCI and had also served as Director and Chief Executive of the Indian
    Council for Research on International Economic Relations (ICRIER).
  • He was a member of the National
    Security Advisory Board between 2006 and 2008. He has also served as the chief
    economist of the Confederation of Indian Industries (CII) and held senior
    positions in the Asian Development Bank, the Indian Ministry of Industries, and
    the Ministry of Finance.
S. Aparna appointed Executive Director, World Bank

  • S. Aparna, an IAS officer from
    Gujarat cadre has been appointed as Executive Director, World Bank to represent
    the constituency of India, Bangladesh, Bhutan and Sri Lanka for three years.
  • A 1988-batch IAS, she is
    currently Principal Secretary to Gujarat Chief Minister Vijay Rupani. At the
    World Bank, she will replace Subhash Garg, who was recently appointed Economic
    Affairs Secretary, Ministry of Finance.
  • The Appointments Committee of the
    Cabinet (ACC) headed by Prime Minister Narendra Modi cleared Ms. Aparna’s name
    for the position and her appointment order was issued by the Department of
    Personnel and Training (DoPT) Saturday late night.
  • Among the top positions she held
    in Gujarat includes Principal Secretary, Economic Affairs, Surat Municipal
    Commissioner and Joint Secretary, urban development at centre.
Prabhat Kumar As The Next Ambassador Of India To The Republic Of

  • Mr. Prabhat Kumar, (IFS: 1991),
    presently Ambassador of India to Colombia has been appointed as the country’s
    next Ambassador to Kazakhstan.
  • A press release from the Ministry
    of External Affairs said that he was expected to take up the assignment
World News
Venus: First environmental research satellite launched by Israel

  • Venus, the first Israeli
    satellite for environmental research was launched on 2 August 2017 from the
    European spaceport in Kourou, French Guiana.
  • The satellite is a joint effort
    by the Israel Space Agency and the French Space Agency (CNES). The satellite was
    built in Israel by the Israel Aerospace Industries.
  • Venus is considered the smallest
    satellite of its kind in the world. It is crafted to survey and monitor large
    areas to study soil, vegetation, forests, agriculture, water and air quality
    and other aspects of the environment.
  • Venus stands for Vegetation and
    Environment monitoring on a New (µ) Micro-Satellite.
Awards & Honors
Veteran actress Sharada selected for ‘Prem Nazir’ award

  • Veteran actress and national
    award winner Sharada has been selected for this year’s Prem Nazir Award.
  • The award, worth Rs 75,000, a
    statuette and a citation, was instituted by people of Chirayankeezhu, Nazir’s
    home town in the district, in memory of Kerala’s evergreen actor.
  • It will be presented to Sharada
    by state Devaswom Minister Kadakampally Surendran at a function at
    Chirayankeezhu on August 15, a press release said here today.
  • Sharada had won three national
    awards with the first being for her performance in 1968 tragedy film
    “Thulabharam”, which was remade in Tamil also.
  • She has acted in several Telugu,
    Malayalam and Tamil films.
  • Actor T P Madhavan will also be
    presented Rs 50,000 cash award announced by Chirayankeezhu Panchayat.


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