Current Affairs: Daily GK Update 29th July 2017

i. The 7th International Tiger Day is observed globally on 29 July. This year’s International Tiger Day would be celebrated with the slogan ‘Fresh Ecology For Tigers’ Protection’.

ii. The conference of the heads of 13 countries – where tigers are available – held at Saint Petersburg of Russia in 2010 took the decision to mark the world tiger day on July 29 every year. 

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i. National Payments Corporation of India (NPCI), the umbrella organization for all retail payment systems has received a final nod from the Reserve Bank of India to function as the Bharat Bill Payment Central Unit (BBPCU) and operate the Bharat Bill Payment System (BBPS).

ii. On August 31, 2016, 8 BBPS operating units, which received in-principle approval from RBI, took part in the pilot. Almost after a year of running the pilot, streamlining the technology and business processes, NPCI has now received final clearance from RBI. 

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i. Public sector Indian Overseas Bank has offered Bharat Bill Payment System, introduced by the National Payments Corporation of India, for its customers. BBPS is an integrated bill payment system that offers inter-operable online bill payments to customers.

ii. The services include online payments of electricity, telecommunication, DTH, water and gas bills, the Chennai headquartered bank said in a statement. Indian Overseas Bank is one of the three public sector banks (apart from Bank of Baroda and Union Bank of India) to get the approval from RBI for providing the service.

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i. Reserve Bank of India (RBI) has set up Supervisory Colleges for six Scheduled Commercial Banks which have sizeable international presence: – State Bank of India, ICICI Bank Ltd., Bank of India, Bank of Baroda, Axis Bank Ltd. and Punjab National Bank.

ii. The objectives of the colleges are to enhance information exchange and cooperation among supervisors, to improve understanding of the risk profile of the banking group and thereby facilitate more effective supervision of internationally active banks. 

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i. Mass rapid transportation technologies such as hyperloop, metrino and pod taxis could soon be a reality in India after Niti Aayog cleared half-a-dozen proposals of the transport ministry exploring options to improve public transport.

ii. The think tank approved the proposals of the transport ministry with a condition that the ministry conducts trial run of all these technologies and puts in place safety measures before the starting commercially operation. Once these safety parameters are tried and tested and the pilot run is successful, some of them including metrino, could be up for running by next year’s end.

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i. Minister of Science & Technology, Earth Sciences and Environment, Forests & Climate Change, Dr. Harshvardhan launched an app “Sagar Vani” on the occasion of Foundation Day of Ministry of Earth Sciences.

ii. ‘Sagar Vani’ has been launched to disseminate ocean related information and alerts to the user community in a timely manner for their safety.

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i. Iran successfully launched its most advanced satellite-carrying rocket called ‘Simorgh’ into space. The launch took place at the Imam Khomeini National Space Station in Semnan.

ii. The development marks a significant step forward for the Islamic Republic’s young space program. It also raises alarm among the nation’s adversaries who fear that the same technology could be used to produce long-range missiles.

Important Takeaways from Above News-

8. Shahid Khaqan Abbasi declared as interim Pakistan Prime Minister