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August 01, 2017

1st August 2017 Important Daily Current Affairs

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Dear Great Ambitionists, here are today's (1st August 2017) Important Current Affairs updates. Happy Reading :)

Daily Current Affairs of 1st August 2017

International Current Affairs
  • World Breastfeeding Week (WBW), an annual celebration which is being held every year from 1 to 7 August in more than 120 countries, has started today.
    • Being organized by WABA (World Alliance for Breastfeeding Action), WHO (World Health Organization) and UNICEF (United Nations Children's Fund), WBW came
      up with the goal to promote exclusive breastfeeding for the first six months of life which yields tremendous health benefits, providing critical nutrients, protection from deadly diseases such as pneumonia and fostering growth and development for the first time in 1991.
    • Themes of World Breastfeeding Week (WBW) 2017 : "SUSTAINING BREASTFEEDING TOGETHER"
  • Georgia began the 'Noble Partner' military exercise with the US and partner countries despite Russia's earlier objections to the drills claiming they could destabilise the region. 
    • Note : Russia and Georgia fought a war in 2008 that led to Russia occupying the Georgian regions of South Ossetia and Abkhazia.
  • US state Hawaii is going to ban pedestrians using mobile phones while crossing the street in Honolulu from October. 
    • Pedestrians will be fined ₹1,000 to ₹6,400 depending on the number of times they are caught looking at a phone or tablet device as they cross the street.
    • Note : People making emergency calls are exempted from the ban.
National Current Affairs
  • The Supreme Court today barred firework manufacturers from using five chemicals that lead to air and noise pollution, that would further result in diminished sparkle effects and sound in crackers.
    • Those chemicals are : Lithium, Antimony, Mercury, Arsenic, and Lead 
  • The Maharashtra government is going to introduce cycling tracks along the arterial roads of 10 cities including Pune, Nagpur, Nashik, and Latur.
MOUs & Agreements
  • Sri Lanka has signed a $1.1-billion deal to lease its southern Hambantota port to China
    • The port will play a key role in China's One Belt One Road initiative by linking ports and roads between China and Europe. 
Banking, Business & Economic Affairs
  • Reliance Industries Chairman Mukesh Ambani has surpassed Hong Kong's Li Ka-shing to become Asia's second-richest person with a $35.2 billion (₹2.25 lakh crore) fortune, as per Bloomberg. 
  • The Reserve Bank of India (RBI) has imposed a ₹3 crore penalty on state-owned Union Bank of India for "non-compliance" of Know Your Customer (KYC) norms in two separate cases. 
    • After examining reports related to fraud in the bank, RBI imposed ₹2 crore penalty while another ₹1 crore penalty is related to a complaint regarding "huge cash withdrawals in certain accounts".
  • The government has ordered state-run oil companies to raise subsidised cooking gas (LPG) prices by ₹4 per cylinder every month, effective June 1. 
    • This will be till government subsidy is reduced to nil, or till March 2018, or till further orders, whichever is earliest. 
New Appointments
  • Lieutenant General Abhay Krishna has been appointed as the new chief of the Army's Eastern Command amid border tensions with China along the Sikkim border. 
  • Marine General (retired) John Kelly was sworn in as the White House Chief of Staff after President Donald Trump forced out Reince Priebus from the post last week. 
  • Tech giant Cisco has named former Philips Healthcare executive Sameer Garde as the President for its India and SAARC operations.
  • American neuroscientist Marian Diamond (90) who studied Albert Einstein's brain in 1984, has passed away.
    • She was the first to show that anatomy of all animals' brains can change with experience and improve with enrichment. 
    • Considered a pioneer in neuroscience, Diamond also demonstrated brain can develop at any age, and male and female brains are structured differently.
  • Lashkar-e-Taiba's Kashmir Chief Abu Dujana has been killed in an encounter with security forces in Pulwama district of Jammu and Kashmir. 
    • He is the third top militant leader killed since last year following Hizbul Mujahideen leaders Burhan Wani and Sabzar Bhat.
People in News
  • Arvind Panagariya, the Vice Chairman of policy think-tank Niti Aayog, which replaced the 65-year-old Planning Commission, announced his resignation from office today. 
    • August 31 will be his last day in office.
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