Current Affairs Daily Updates: 7th July 2017

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Current Affairs Daily Updates: 7th July 2017
Kewal Handa appointed as Non-executive chairman of Union Bank
  • Kewal Handa was appointed as non-executive chairman of Union Bank of India.
  • The Appointments Committee of the Cabinet has approved Handa’s appointment as non-official director/non-executive chairman of the bank.
  • An order was issued by the Department of Personnel and Training (DoPT) and Handa will hold the post for a period of three years.
Sanjiv Goenka named as IIT-Kharagpur chairman
  • Sanjiv Goenka named as the Chairman of the Board of Governors at Indian Institute of Technology (IIT) Kharagpur.
  • He will serve as the Chairman for three years.
  • He served as a member of the Prime Minister’s Council on Trade & Industry, and also on several academic institutions as member and chair of its Governing bodies.
RBI limits Customer liability in Online Banking Services
  • Reserve Bank of India (RBI) issued directions on ‘Customer Protection – Limiting Liability of Customers in unauthorized Electronic Banking Transactions’.
  • If the customers report to the banks regarding the loss they suffer through online banking transactions within three days, then the amount involved will be credited to their accounts within a time period of 10 days.
  • The banks should ask its customers to mandatorily register for SMS alerts and e-mail for email alerts for electronic banking transactions.
BMI Research: India to have a GDP Growth of 6.9% in this Fiscal 
  • According to BMI Research, a Fitch group company, India is expected to register a growth of 6.9% in this financial year.
  • BMI Research was founded in 1984 by Business Monitor International and later in 2014, it was acquired by Fitch Group. The firm performs industry and financial market analysis in 24 industries and 200 global markets.
Indus OS partners with YES Bank to launch OS-integrated UPI platform
  • Indus Operating System partners with YES Bank to launch Operating System integrated UPI (Unified Payment Interface) payment platform in India.
  • The Users with Indus OS will be able to use this UPI payment platform on SMS, dialler interface, and on third party apps like WhatsApp.
Siemens opens its first digital factory in India
  • Siemens has opened its first digital factory in India. It is also the third globally after one each in Germany and China.
  • It aims to provide a comprehensive portfolio of hard ware and software products which enable comprehensive integration of data from development, production, and suppliers.
  • The factory is situated on the outskirts of Mumbai is capable of producing more than 180 variants of low-voltage switchgear at the rate of one product every nine seconds.
India ranks 23rd among 165 nations in Cyber-security Index
  • India ranked a high 23rd out of 165 Nations in a Global Index that measures the commitment of nations across the world to cyber security.
  • The second Global Cyber-security Index (GCI) was released by the UN telecommunications agency International Telecommunication Union (ITU).
  • The top 5 most committed countries to cyber security are Singapore, The United States, Malaysia, Oman, Estonia.
European Parliament approves first ever EU-Cuba agreement
  • The European Parliament approved a first-ever cooperation deal between the European Union and Cuba.
  • The French city of Strasbourg approved the Political Dialogue and Cooperation Agreement which was signed in December 2016.
  • The European Parliament is headquartered in Brussels, Belgium.
India becomes Fourth Largest Foreign Investor into UK
  • As per the official figures published by the United Kingdom Department for International Trade, India became the fourth largest foreign investor into the United Kingdom (UK) in 2016-17.
  • India is sharing the fourth spot with Australia and New Zeland made to set up 127 projects collectively.
  • The United States of America remains the top most investor in the UK by setting up of 577 projects in 2016-17.
  • China (including Hong Kong) with 160 projects and France with 131 projects have been placed in the second and third positions respectively.
“JIGYASA” - Student-Scientist connect programme launched
  • Jigyasa, a student- scientist connect programme was officially launched in the national capital.
  • Council of Scientific and Industrial Research (CSIR), has joined hands with Kendriya Vidyalaya Sangathan (KVS) to implement this programme.
  • The focus is on connecting school students and scientists so as to extend student’s classroom learning with that of a very well planned research laboratory based learning.
India declares itself free from Highly Pathogenic Avian Influenza (H5N1 and H5N8)
  • India has declared itself free from Avian Influenza (H5N8 and H5N1) from 6th June, 2017 and notified the same to OIE.
  • India had reported outbreaks of Highly Pathogenic Avian influenza at various epicenters in Delhi, Gwalior (MP), Rajpura (Punjab), Hissar (Haryana), Bellary (Karnataka), Allappuzha and Kottayam (Kerala), Ahmedabad (Gujarat), Daman (Daman) and Khordha and Angul (Odisha during October, 2016 to February, 2017.
  • All the outbreaks of Avian Influenza (HPAI) mentioned above were notified to OIE and the control and containment operations were carried out as per the Action Plan on Preparedness, Control and Containment of Avian Influenza.
HRD Ministry: No Detention Policy to be removed from next Academic Year
  • The HRD Ministry has decided to remove the no-detention policy for students from the next academic year.
  • Under the Right to Education Act, no child will be detained or held back in any class or expelled till the completion of elementary education covering classes 1 to 8.
  • The government’s decision comes after it had received several complaints regarding the deterioration of the quality of basic education in the country.
  • In addition, the States have been asking for the withdrawal of the no-detention policy from the Right to Education Act 2009.
  • As per the critics, the policy has resulted in remarkable improvement in enrollments but has brought down the academic standards.
Bengaluru man spots rare ‘pale’ tiger in the Nilgiris
  • A rare ‘white tiger’ with a pale skin color has been spotted for the first time in the Nilgiris by a wildlife photographer.
  • Photographer Nilanjan Ray from Bengaluru spotted the cat at an undisclosed location on a recent trip to the Nilgiri Biosphere Reserve.
  • They are predominantly found in Rewa, Madhya Pradesh.
Odisha Government signs EOI with IAAF & AFI to establish High Performance Academy
  • Odisha Government signs an Expression of Intent (EOI) with the International Association of Athletics Federations (IAAF) and the Athletics Federation of India (AFI).
  • The State Government would provide infrastructure and support services including the outdoor stadium, medicine and physiotherapy facilities and specialists, international sports hostel for the athletes and coaches and visiting foreign countries.
  • The state Sports and Youth Services Department will provide funds and make available infrastructure and support services.
Pakistan successfully test fires short-range ballistic missile Nasr
  • Pakistan successfully test-fired short-range surface-to-surface ballistic missile 'Nasr'.
  • NASR is a high-precision weapons system with the ability for quick deployment and a range of 70 kilometers, or 43.5 miles.
  • Pakistan Army has conducted a series of training launches and tests during the current week for validation of new technical parameters of 'NASR' with an enhanced range of 60-70 kilometers.
Manpreet Kaur, Govindan Laxmanan win gold in Asian Athletics Championships
  • India’s Manpreet Kaur won the Gold medal in the women’s Shot Put on the opening day of the Asian Athletics Championships 2017 at the Kalinga Stadium, Bhubaneswar, Odisha.
  • Govindan Laxman in the men’s 5,000 meters and also won Gold Medal.
India ranked 96th in FIFA Rankings
  • India is placed at the 100th position in the ranking of Federation International of Football Association (FIFA).
  • The FIFA World Rankings ranks the men’s national teams in association football. The rankings were first introduced in 1992.
  • At present, Germany leads the ranking. Germany is followed by Brazil, Argentina, Portugal, and Switzerland in the rankings.