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February 01, 2017

1st February 2017 Important Daily Current Affairs

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

Daily Current Affairs of 1st February 2017

International Current Affairs
  • Mexican consumers have started boycotting US products and US companies like Walmart, Starbucks and McDonalds protesting US President Donald Trump administration's proposed 20% tax on Mexican imports.
    • The tax was aimed at making Mexico pay for a 2000-mile border wall even after the country's President, Enrique Pena Nieto, said Mexico will not pay for it.
  • Pakistan Prime Minister Nawaz Sharif today lifted the ban on screening of Bollywood films in the country.
    • If the changes are implemented on time, Hrithik's 'Kaabil' and Shah Rukh's 'Raees' can reportedly be released in Pakistan on February 3 and February 10 respectively.
    • Note : Pakistan had banned screening of Bollywood films in October 2016.
  • India and Russia have held high-level consultations on counter-terrorism issues in New Delhi. 
    • Both sides shared views and assessment on the threats posed by increasing terrorist activities including India’s concern on state-sponsored, cross-border terrorism. 
    • Head of Indian delegation : Preeti Saran, Secretary (East) in the Union Ministry of External Affairs (MEA) 
    • Head of Russian delegation : Oleg V. Syromolotov (Deputy Foreign Minister)
National Current Affairs
  • Today (1st February) is 40th Indian Coast Guard Day.
  • Important Points to Note :
    • The interim Indian Coast Guard came into being on 1 February 1977, equipped with two small corvettes and five patrol boats transferred from the Navy.
    • The duties and functions of the service were formally defined in the Coast Guard Act, which was passed by India's parliament on 18 August 1978 and came into immediate effect.
  • 14th Death anniversary of 1st Indian American woman in space Kalpana Chawla is being observed today.
    • She died when the space shuttle of NASA disintegrated on re-entering Earth's atmosphere on February 1, 2003.
  • 2 new All India Institute of Medical Sciences (AIIMS) will come up in Jharkhand and Gujarat.
    • This takes the number of AIIMS in the country to nine, with six centres having been inaugurated in 2012 and four in 2014. 
  • In order to bring transparency in political funding and curbing black money, Finance Minister Arun Jaitley announced that maximum cash funding to parties will be limited to ₹2,000 per donor. P
    • olitical parties can receive donations in cheque, electronic mode and electoral bonds issued by the RBI.
    • Note : Earlier, the maximum limit for political funding in cash was ₹20,000.
  • Finance Minister Arun Jaitley announced the launch of Swayam, an online education platform that will give students access to over 350 courses, while presenting the Union Budget today. 
    • Swayam courses, to be accessed via Direct-To-Home channels, will include video lectures and online discussion platforms.
    • Jaitley also announced the launch of a skill acquisition fund, at an investment of ₹400 crore.
  • 31st Surajkund International Crafts Mela began today.
    • The mela is being hosted jointly by the Haryana Tourism Corporation and Surajkund Mela Authority, in collaboration with the Union Ministries of Tourism, Textiles, Culture and External Affairs.
    • Theme state : Jharkhand
    • Partner nation : Egypt
  • CBSE is going to conduct National Eligibility-cum-Entrance Test for admission to all medical colleges in country on 7th May this year.
  • The Income Tax Department (ITD) launched Swachh Dhan Abhiyan (Operation Clean Money), an e-platform to analyse large cash deposits made during the demonetisation window (9 November to 30 December 2016).
    • Under it, e-verification of large cash has been done using data analytics for comparing the demonetisation data with information in ITD databases.
New Appointments
  • Former Delhi Police Commissioner Alok Verma today took charge as the new Central Bureau of Investigation (CBI) Chief.
    • A 1979 batch IPS officer, Verma has also served as Mizoram's police chief.
    • The post had been lying vacant for over a month following Anil Sinha's retirement.
  • Amulya Kumar Patnaik officially took charge as the new Commissioner of the Delhi Police, succeeding Alok Kumar Verma, who has been appointed new Director of CBI.
    • Mr Patnaik is an IPS officer of the 1985 batch of Arunachal Pradesh-Goa-Mizoram and Union Territory (AGMUT) cadre.
    • He will retire in January 2020, and thus, he is expected to have one of the longest tenures as Delhi Police chief.
Awards & Honors
  • The Indian School of Business in Hyderabad has been ranked best from India, according to the Financial Times Global MBA Ranking of the best 100 programmes for 2017 worldwide.
    • Other than ISB (27), IIM-Ahmedabad (29), IIM-Bengaluru (49) and IIM-Calcutta (95) were the Indian B-schools mentioned in the ranking, which has been topped by France's INSEAD.
  • Brunhilde Pomsel (106), a former secretary of Nazi Minister Joseph Goebbels, passed away.
    • Pomsel recently revealed that she knew nothing of the murder of sixty lakh Jews during the Holocaust and called herself foolish for working for Goebbels.
Banking & Economic Affairs
  • Finance Minister Arun Jaitley has presented the Union Budget for the year 2017-18 in the Lok Sabha today.
  • This is his fourth annual budget and the first budget after demonetization.
    • Here are some Major Highlights of the Union Budget 2017
      • Cash transactions above ₹3 lakh will not be allowed.
      • Aadhaar-based smart cards with details of health conditions will be issued to senior citizens. 
      • There will be zero tax liability for people earning up to ₹3 lakh per annum. 
      • Income tax for those earning ₹3-5 lakh per annum has been reduced to 5% from 10% earlier.
      • Defence Budget increased by 10% to ₹2,74,000 crore, excluding pensions.
      • ₹10,000 crore was allotted for the Bharat Net project to provide high-speed broadband in 1.5 lakh Gram Panchayats by the end of 2017-2018.
      • Railway firm Indian Railway Catering and Tourism Corporation (IRCTC) will be listed on stock exchange. 
      • Service charge levied on booking e-rail tickets through the Indian Railway Catering and Tourism Corporation (IRCTC) will be withdrawn.
      • A payment regulatory board will be set up in RBI. The board will regulate electronic payments and replace the Board for Regulation and Supervision in Payments and Settlements System.
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