Current Affairs: Daily GK Update 09th August 2017

i. The Union government appointed Justice Dipak Misra as the next Chief Justice of India. He will be replacing incumbent Justice J S Khehar, who is set to retire on August 27, 2017.

ii. It was Khehar who had recommended Misra’s name to succeed him as the next Chief Justice of India. Justice Misra will be sworn in as the 45th Chief Justice of India by President Ram Nath Kovind on August 27. Justice Misra will retire on October 2, 2018.

Important Takeaways from Above News-

i. The atomic age began with the US dropping the first atomic bomb dubbed “Little Boy” on August 6, 1945, on the Japanese city of Hiroshima, after its July 16 pre-dawn birth in successful testing at Alamogordo, New Mexico.

ii. Three days later, on August 9, 1945, the second bomb—“Fat Man”—was dropped on Nagasaki, incinerating the city and its unexpecting inhabitants. Their combined devastation was unimaginable.

Important Takeaways from Above News-

i. India has celebrated the 75th anniversary of the Quit India Movement. This year’s theme is “SANKALP SE SIDDHI”- the Attainment through Resolve. Prime Minister Narendra Modi in his recent Mann Ki Baat program had called for launching the mega campaign Sankalp Se Siddhi.
ii. The exhibition has been organized titled “Quit India-75-Chalo Dilli” and it will be thrown open to public after inauguration till 1st of September.

Important Takeaways from Above News-

i. Sri Lankan Navy has commissioned an India-built state-of-the-art Advanced Offshore Patrol Vessel (AOPV), the first-ever purchase from a foreign ship builder, to boost its search and rescue capabilities.

ii. Sri Lankan President and Armed Forces commander-in-chief Maithripala Sirisena commissioned the new patrol vessel “SLNS Sayurala”. It is the largest vessel built by an Indian ship builder for a foreign navy to date. Built at the Goa Shipyard Ltd (GSL) in India, SLNS Sayurala is the first-ever brand new platform purchased from a foreign ship builder.

Important Takeaways from Above News-

i. The Goa Legislative Assembly passed a bill which reclassifies coconut as a `tree’, ensuring legal protection for it. Goa Forward Party, a partner in the Manohar Parrikar-led government, had promised to reclassify coconut.

ii. The previous Laxmikant Parsekar-led government had changed classification of coconut tree to a `palm’. The Assembly, on the last day of Monsoon session, passed the Goa, Daman and Diu (Preservation of) Trees Act, 1984 to regulate felling of coconut trees and reclassify it as a tree.

Important Takeaways from Above News-

i. The eighth meeting of the Regional Technical Group of Confidence Building Measure on Trade, Commerce & Investment Opportunities under the Heart of Asia – Istanbul Process was hosted by India in New Delhi.
ii. The meeting was co-chaired by the Acting Director General, Economic Cooperation Department, Ministry of Foreign Affairs of Afghanistan, Mr. Hassan Soroosh, and Joint Secretary, Ministry of External Affairs, Dr. Deepak Mittal and attended by representatives of 17 participating countries and supporting international organisations, including Azerbaijan, Iran, Kyrgyzstan, Pakistan, Russia, Tajikistan, Turkey, Turkmenistan, UAE, Australia, Egypt, Germany, the UK, the US, the EU and the UN.

• Istanbul is a major city in Turkey. 
• Kabul is the Capital of Afghanistan.

i. Bajaj Auto and Triumph Motorcycles UK have announced a global partnership. This non-equity tie-up between Bajaj and Triumph will enable the former to build a range of mid-capacity motorcycles, building on the collective strengths of both companies.

ii. The aim of this partnership is to deliver a range of outstanding mid-capacity motorcycles. It will enable to offer a wide range of motorcycles within its domestic market and other international markets.

Important Takeaways from Above News-

i. Indian-origin actor Dev Patel is to be honored by a leading educational organization for making a “transformative and positive” difference for the future of Asia and the world.

ii. London-born Dev Patel, who became popular with his debut film Slumdog Millionaire, will be felicitated with the Asia Society 2017 Asia Game Changers Award at a ceremony to be held at the United Nations, New York, in November 2017.

Important Takeaways from Above News-

i. Hritik Roshan has been signed as a brand ambassador by a health and wellness startup Cure.fit in a deal worth Rs 100 crore. The actor will be associated with the brand for five years.

ii. The deal also includes the actor’s equity stake in the company in lieu of cash investment, promotions and royalty from his personal brand HRX’s specialised workout plan. Cure.fit will soon be launched as a mobile app and is expected to rake in Rs 250-crore annual business in the coming years.

i. Flipkart has launched ‘Budding Star Programme’, an exclusive programme aimed at Flipkart employees to help them achieve their dreams by providing them financial assistance and paid leave.

ii. The programme will cover all national and international sports and non-sports competitors recognized by the govt. authorities. Flipsters who have completed six months with the company are eligible for the ‘Budding Star Programme’.

• CEO of flipkart is Kalyan Krishnamurthy.

i. Indian American Dilip Chauhan has been appointed to a key position of Deputy Comptroller for Minority Affairs in New York’s Nassau county.

ii. Chauhan had joined the Comptroller’s office in 2015 as Director for Community Affairs, South and East Asia. He has served as senior advisor to the Comptroller since early 2017.

Important Takeaways from Above News-

i. The country’s largest private sector lender, ICICI Bank, launched instant credit cards enabling its savings account customers to get a credit card instantly, in a completely digital and paperless manner.

ii. The bank has opened up this offering to a few lakh of pre-qualified customers who can apply for the card online and generate card details and start shopping online instantly. Currently, this facility to apply for a credit card in–a-flash is available through the Bank’s internet banking platform. It will also be available shortly on iMobile, the Bank’s mobile banking application.

Important Takeaways from Above News-

i. Private sector lender IDFC Bank has partnered with digital payments company Zeta, to launch ‘IDFC Bank Benefits’. It is a payment solution for corporates that digitizes employee spends and claims, making the process simple, real-time and paperless.

ii. The end-to-end digital solution comprises an IDFC Bank Benefits Card and Zeta app which integrates the full suite of allowances and reimbursements offered by an employer into one preloaded card. Employees can also access the Benefits Card via the Zeta app on mobile or web. The Zeta app offers employees a real time view of spends, reimbursement limits and claims.

Important Takeaways from Above News-

i. Syndicate Bank has pared its marginal cost of funds based lending rate (MCLR) by 5-10 basis points in certain maturity buckets.

ii. MCLR for six months and one year will be 8.3 per cent (8.35 per cent now) and 8.5 per cent (8.60 per cent now), respectively, with effect from August 10.

Important Takeaways from Above News-

15. Axis Bank Cuts Savings Account Interest Rate by 50 bps

• Shikha Sharma is the Managing Director & CEO of Axis Bank.

16. Indian-origin entrepreneur named Canada’s consul general in San Francisco

17. Netflix Made its ‘First Ever’ Acquisition

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