Daily GK Update 31st August 2017, Important Current Affairs

1. ISRO launched IRNSS-1H satellite from PSLV C39
i. Indian Space Research Organisation (ISRO) has launched its navigation satellite ‘IRNSS-1H’ from Satish Dhavan Space Centre at Sriharikotta, on board the rocket PSLV C39.
ii. The PSLV-C39 has failed in its mission, as its heat shield failed to separate, preventing the satellite IRNSS-1H to reach its designated orbit.
iii. The satellite IRNSS-1H is a part of the indigenous navigation system called ‘NavIC’.
iv. NavIC system is equivalent to the GPS service, having the footprint over the whole of India and about 1500 kilometers from its borders on all sides.
v. It helps user agencies to plan and monitor their vehicular movement on the road and on the sea.
vi. It can alert fishermen while approaching international maritime boundaries and help public to locate precisely the addresses they require.

Daily GK Update 31st August 2017, Important Current Affairs

2. Maneka Gandhi gives away national awards to Anganwadi workers
i. The Union Women and Child Development Minister ‘Maneka Gandhi’ has conferred national awards to Anganwadi workers for their exceptional achievements.
ii. A total of 51 Anganwadi workers from different States and union territories will be conferred award for 2016-17.
iii. The award is given to the Anganwadi workers nominated by the States and Union Territories.
vi. The Award comprises of 25 thousand rupees cash and a citation.

3. Indian Hotels Company appoints Puneet Chhatwal as MD and CEO
i. Indian Hotels Company Limited (runs the Taj chain of hotels) has appointed India-born Puneet Chhatwal as its Managing Director (MD) chief executive officer(CEO).
ii. He will replace Rakesh Sarna who is stepping down from 30thSeptember 2017.
iii. Chhatwal attended Delhi Public School (DPS) in Mathura Road, pursued a degree in hotel management at IHM, Pusa Road.
iv. He has completed his masters in hospitality administration from ESSEC Business School in France.

4. Shripad Naik inaugurates Sankalp Se Siddhi program at Goa
i. The Union Minister of state (independent charge), AYUSH Shripad Naik has inaugurated the Sankalp Se Siddhi - New India Manthan program at Krishi Vigyan Kendra, ICAR (Central Coastal Agricultural Research Institute) in Old Goa.
ii. More than 100 farmers attended the event.
iii. He encouraged farmers to speed up efforts in farming and said farming must be incentivized to attract the youth.

5. Govt. approves increase in income criteria for Creamy Layer
i. The union Govt. has approved an increase in income criteria for the creamy layer for excluding socially advanced persons from the purview of reservation of other backward classes (OBC) from six to eight lakh rupees per annum.
ii. Now, more people to take advantage of reservation benefits extended to the OBCs in government services and in admission to Central educational institutions.
iii. The income limit is based on the increase in consumer price index.
iv. Norms for establishing the equivalence of posts in CPSUs, banks and insurance institutions with posts in government for claiming benefit of OBC reservation.
v. The children of those serving in lower categories in PSUs and other institutions can get the benefit of OBC reservation on par with children of people serving in lower categories in government.
vi. It will also give a more level-playing field to genuine non-creamy layer candidates.

6. Swiss President Doris Leuthard to hold talks with PM Modi
i. President of Swiss Confederation ‘Ms. Doris Leuthard’ arrived in New Delhi on a three-day visit to India.
ii. She will hold talks with President ‘Ramnath Kovind’ and Prime Minister Narendra Modi in New Delhi.
iii. The Swiss leader is being accompanied by senior Government officials and a large business delegation of leading Swiss companies.
iv. India and Switzerland enjoy robust economic ties, with Switzerland being seventh largest trading partner and eleventh largest foreign investor in India.
v. It will provide an opportunity to both sides for holding wide-ranging discussions on bilateral, global and regional issues of mutual interest.

7. CDC of Nepal submits its report with 165 electoral constituencies
i. The Constituency Delimitation Commission (CDC) of Nepal chairman Kamal Narayan Das has submitted its report to Nepal’s Prime Minister Sher Bahadur Deuba at Kathmandu.
ii. The Commission has recommended 165 constituencies for the of House of Representatives and 330 for Provincial Assemblies.
iii. Ninety percent weight age has been given to population and 10 percent to geography.
iv. Capital Kathmandu will have the highest 10 constituencies.

8. Two-day Indian Ocean Conference in Colombo
i. Two-day Indian Ocean Conference 2017 being organized by India Foundation in Temple Trees (official residence of the Lankan prime minister) in Colombo.
ii. The theme of this year’s conference is Peace, Progress and Prosperity and will involve participants from more than 35 countries.
iii. This will be second IOC conference (first edition-Sep16 in Singapore).

9. NTPC signs Rs. 3,000 crore term loan agreement with ICICI Bank
i. National Thermal Power Corporation Limited (NTPC) has signed a term loan agreement for Rs. 3,000 crores with ICICI Bank Ltd for partially funding its capital expenditure.
ii. The loan which has a door-to-door tenure of 15 years will be utilized to part finance the capital expenditure of NTPC.
iii. NTPC commissioned 3,845 MW capacity and added 2,190 MW to its commercial capacity during 2016-17.

10. Almost 99% of demonetized notes back in system: RBI report
i. The Reserve Bank of India (RBI) confirmed in its annual report that almost 99% of banned Rs 500 and Rs 1000 notes that were demonetized last November have returned to the system.
ii. Out of 632.6 crore pieces of Rs 1,000 currency notes in circulation, 8.9 crores have not been returned post the note ban last November.
iii. The cost of printing of currency notes more than doubled to Rs 7,965 crore in 2016-17 from Rs 3,421 crore in the previous year on account of new currency printing.
iv. As of 31st March 2017, there was as many 588.2 crores of Rs 500 notes (both old and new) in circulation.
v. As of 31st March 2016, there was 1,570.7 crore Rs 500 notes in circulation.

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