Current Affairs Daily Updates August 2nd 2016

Current Affairs
Dear Readers,
Welcome to Mentor for Bank Exams. Here I am posting Daily Current affairs News Updates about the National and International events were listed here. Candidates those who are preparing for IBPS/SBI/PO/Clerk exam and all other competitive exams can use this. Kindly make use of these!!!
APPOINTMENTS
1) Mondelez appoints Deepak Iyer as India MD
Mondelēz International Inc. said it has appointed Deepak Iyer as managing director of Mondelez India Foods Pvt Ltd, the local entity of the world’s largest snacks company.
Iyer will also be part of the company’s Asia Pacific leadership team. Iyer will report to Maurizio Brusadelli, executive vice president and president (Asia Pacific), Mondelēz International.
2) Bhaskar Khulbe appointed secretary to PM Modi
ACC (Appointments Committee of Cabinet) has approved appointment of Shri Bhaskar Khulbe IAS (WB 1983), additional secretary, Prime Minister's Office, as secretary to Prime Minister in the pay scale of Rs 80,000 (fixed) in the Prime Minister's Office with effect from 29.07.2016.
3) Air Marshal Neelakantan takes charge as SAC Commanding-in- Chief
Air Marshal S Neelakantan assumed charge as Air Officer Commanding-in-Chief of Southern Air Command (SAC).
The traditional Guard of Honour was presented to him by the Air Warriors. Air Marshal S Neelakantan was commissioned as a fighter pilot in the Indian Air Force on December 28, 1977.
AWARDS AND HONOURS
1) Artist Anita Gopalan gets PEN/Heim grant
Translator and artist Anita Gopalan has been awarded the 2016 PEN/Heim Translation Fund Grant for her English translation of Hindi novel “Simsim” by Geet Chaturvedi.
Ms. Gopalan, who is based in Bengaluru, is the second Indian translator to be selected for the grant. PEN America is a renowned literary organisation of the United States.
The artist will be honoured at the 2017 PEN Literary Awards Ceremony in New York in February.
BUSINESS/ECONOMY NEWS
1) Freecharge Inks Partnership with PayUbiz
Freecharge, India’s fastest growing digital payments platform has partnered with the leading payment gateway solution provider, PayUbiz, to further strengthen its merchant base and help consumers move from cash to digital payments.
This integration allows Freecharge to tap PayUbiz’s more than 10,000 online merchants. Furthermore, the latter’s wide assortment of merchants across sectors will also be accessible to Freecharge patrons.  
2) Bank of Baroda ties up with start-up Fisdom
Bank of Baroda   has tied up with a fintech start-up Fisdom for personal wealth management services. Besides, the bank has entered into pact with six other fintech companies, proficient in different areas, Fisdom said in a release. These are CreditMantri, FundsTiger, Probe42, Power2SME, IndiaLends and KredX.
3) RBI puts bank licences on tap, excludes big groups
Universal bank licences will now be available on tap, with the Reserve Bank of India (RBI) on releasing the final set of guidelines for eligible entities to apply for licences as and when they choose to, and keeping the doors closed to large business houses.
Non-banking financial companies (NBFCs), qualified individuals and some private companies will be eligible to apply for licences.
NBFCs that are part of large conglomerates with more than 40% of their total assets coming from non-financial businesses will not be eligible.
3) ICICI Bank reduces MCLR by 0.05 per cent
Country's largest private sector lender ICICI Bank announced a 0.05 per cent reduction in its marginal cost of funds based lending rate (MCLR).
The overnight MCLR will be 8.90 per cent under the revised rate structure which is effective from today.
The one-year MCLR, to which the home loans are linked, has moved down to 9.10 per cent.
4) SBI starts certification for officers who sanction loans
To face the challenge of high non-performing assets (NPAs), State Bank of India has started working on a multi-pronged strategy, including a certification programme for loan sanctioning officials.             
As per the plan which will come in force over next three years, the officials who successfully complete the first learning will be authorised to sanction loan up to Rs 50 crore and those who pass level two exam, will be given powers to sanction loan up to Rs 500 crore.
5) NHPC to raise Rs 4,500 cr after Subansiri project clearance
As part of its Rs 3,000 crore diversification plan to venture into solar and wind power projects, NHPC Limited (previously known as National Hydroelectric Power Corporation) is looking at feasible options in various states in the sector.
The company also plans to raise Rs 4,500 crore through private placement, but is waiting National Green Tribunal (NGT) clearance for the 2,000-Mw Lower Subansiri hydroelectric project at Gerukamukh along the Assam-Arunachal Pradesh border.
6) Novopay aims to disrupt payments in rural India with its assisted wallet
Bengaluru Novopay, a Bengaluru-based payment firm is slowly disrupting the mobile wallet space by focusing to serve unbanked and rural customers.
Novopay has tied up with RBL, Axis Bank, IDFC and Bank of India to deliver its services to customers through the bank-backed wallet.
The local Kirana store validates the user, who receives the money with the Aadhaar-based unique identification numbers database, using biometric scanners and the smartphones.
7) Wipro Infrastructure to acquire Israel's H R Givon
Wipro Infrastructure Engineering (WIN) will acquire Israel-based H R Givon, supplier of metallic parts and assemblies to the aerospace industry, in an all-cash deal.
This acquisition will help WIN broaden its product portfolio, expand global footprint and strengthen its ability to forge deeper customer relationships in the aviation and aerospace industry.
INTERNATIONAL NEWS
1) Seventh meeting of SAARC Immigration Authorities has begun in Islamabad
Seventh meeting of SAARC Immigration Authorities has begun in Islamabad. It is in preparation for the 2-day SAARC Home Ministers conference beginning tomorrow which will also be attended by Union Home Minister Rajnath Singh.
The Immigration Authorities meet is reviewing different areas to maximize the potential of visa exemption scheme launched among the member countries in 1992.
The meeting will formulate recommendations to be presented in the meetings of Home Secretaries and Interior Ministers during the conference.
2) Texas allows guns in college classrooms under new law
A new law went into effect in Texas that allows certain students to bring guns into classrooms, with supporters saying it could prevent mass shootings and critics saying the measure will endanger safety on campuses.
The law took effect as the university held a memorial to mark the 50th anniversary of one of the deadliest U.S. gun incidents on a college campus.
3) China holds live-fire navy drills in East China Sea
China’s navy has fired dozens of missiles and torpedoes during exercises in the East China Sea.
The exercise aimed at improving the "intensity, precision, stability and speed" of its forces amid an environment of strong electromagnetic forces that result from modern electronic warfare.
4) Typhoon Nida smashes into southern China
Typhoon Nida made landfall near Hong Kong on Monday, bringing heavy rain and damaging winds across parts of southern China.
The system weakened quickly and within seven hours of arriving, the Joint Typhoon Warning Center issued a final warning as the winds eased down, although widespread flooding remains a threat.
Typhoon Nida (which is locally known as Carina) made landfall near the Dapeng Peninsula in Guangdong province on the South China Sea at 0400 local time (2000 GMT Monday).
NATIONAL NEWS
1) Parliament passes bills assigning constitutional status to NEET
The Rajya Sabha passed the Indian Medical Council (Amendment) Bill, 2016, and the Dentist (Amendment) Bill, 2016, seeking to amend the Indian Medical Council Act, 1956 and the Dentist Act, 1948.
The bills were passed by Lok Sabha on 19 July and aim to bring private colleges under the ambit of the Indian Medical Council (Amendment) Bill and Dentist (Amendment) Bill.
2) Central body approves Rs 400 crore for Ganga rejuvenation projects
A high-level panel of the National Ganga River Basin Authority (NGRBA) on Monday approved various projects worth approximately Rs 400 crore for development of ghats (river fronts) and crematoria at different places along the river Ganga from Uttarakhand to West Bengal under the Centre’s ambitious Namami Gange programme.
3) Government launches performance, credit rating scheme for MSMEs
The Ministry of Micro, Small and Medium Enterprises has launched a performance and credit rating scheme to assess the capabilities and creditworthiness of industries in the sector.
The implementing of 'Performance and Credit Rating Scheme' for MSMEs is to provide a trusted third party opinion on their capabilities and creditworthiness so as to create awareness about the strengths and weaknesses of their existing operations.
4) Odisha to recruit members of transgender community as jail warders
The Odisha government has decided to recruit members of transgender community persons as warders in jails of the State as per the directive of the Supreme Court.
The home department has issued instructions to the Odisha Subordinate Staff Selection Commission (OSSC) to include the gender category.
5) Rename Madras high court as Tamil Nadu HC and not as Chennai HC, resolution passed by Tamil Nadu assembly says
The Tamil Nadu assembly unanimously passed a resolution asking the central government to rename the Madras high court as Tamil Nadu high court and not as Chennai high court.
The resolution comes after the central government introduced the High Courts (Alteration of Names) Bill, 2016 in the Lok Sabha to change the name of the Madras high court to Chennai high court.
6) PM Modi to launch national campaign aimed at youth on 9 August
Prime Minister Narendra Modi on 9th August will launch a campaign aimed at acquainting the young generation with the sacrifices made by freedom fighters during India's Independence struggle.
The campaign is called '70 Saal Azadi -- Zara Yaad Karo Qurbani' (70 years of Independence -- Let's recall the sacrifices).
7) MoC launches ‘Twitter Sewa’ to address comman man’s concerns
The Minister of Communications Manoj Sinha today launched “Twitter Sewa” for addressing the complaints and concerns of common man and other stake-holders in the telecom and postal sectors. The twitter handle of the Minister will be @manojsinhabjp.
8) Andhra Pradesh signs MoU with Japan to develop food value chain
The Andhra Pradesh government on 30 July 2016 signed a Memorandum of Understanding (MoU) with Japan to develop a food value chain in the state.
Under the MoU, Japan’s Ministry of Agriculture, Forestry and Fisheries (MAFF) will encourage direct investments by Japanese companies in the fields of agriculture and food-related industry in Andhra Pradesh.
8) Rajasthan Launches SMS Monitoring System for Mid-Day Meals in Schools
Rajasthan government has launched an SMS-based system through which meal data will be sent everyday by schools to a toll free number that will be monitored at the state-level.
The unique initiative aimed to remove corruption from mid-day meal scheme.
Under the new system launched today, the mid-day meal in-charge of the school will have to send the meal data immediately after serving food to students to a toll free number, 15544, that would be checked at the state-level every day.
OBITUARY
1) Indian-American Professor Emeritus Braj B Kachru passes away
Noted Indian-American Professor Emeritus of Linguistics Braj B Kachru has passed away in Urbana. He was 84. Braj Kachru is a Jubilee Professor Emeritus of Linguistics, faculty of Liberal Arts and Sciences at the University of Illinois at Urbana-Champaign.
SCIENCE AND TECHNOLOGY
1) Virgin Galactic space plane gets operator license
Virgin Atlantic's rocket planes may soon be taking to the skies once more, as the would-be space tourism company is awarded an operator license for its SpaceShipTwo craft.
The license, granted by the US Federal Aviation Administration's Office of Commercial Space Transportation, will pave the way for commercial flights, Virgin Galactic said in a statement.
2) Google and GSK form venture to develop bioelectronic medicines
GlaxoSmithKline has teamed up with Google’s parent company Alphabet to develop miniature electronic implants for the treatment of asthma, diabetes and other chronic conditions.
GSK, Britain’s biggest drug company, said it would form a joint venture with Verily Life Sciences, a division of Alphabet, to work on research into bioelectronic medicines. GSK will own 55% of Galvani Bioelectronics, and Verily will hold 45%.
SPORTS NEWS
1) Golfer Walker bags maiden major title at PGA Championship
American golfer Jimmy Walker pulled off an astonishing wire-to-wire triumph at the PGA Championship, sloshing 36 holes across soggy Baltusrol course and outduelling top-ranked defending champion Jason Day down the stretch to clinch his maiden Major title.