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July 01, 2017

1st July 2017 Important Daily Current Affairs

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

Daily Current Affairs of 1st July 2017

International Current Affairs
  • Russian President Vladimir Putin today signed a decree extending the embargo imposed on food products from the EU and other Western countries until the end of 2018. 
    • The move comes days after the European Union formally rolled out fresh economic sanctions against Russia.
National Current Affairs
  • Today (1st July 2017 is National Doctors' Day.
    • This day is observed in India to honour the contributions of Bharat Ratna Dr. Bidhan Chandra Roy (1st July 1882 – 1st July 1962), former West Bengal Chief Minister who was also a physician. 
    • He is remembered till date for actively involving himself in starting many institutions, hospitals and was fully dedicated to the upliftment of Indian society. 
    • First Doctor’s Day was celebrated in 1991.
  • India's tallest Air Traffic Control (ATC) tower at the Delhi Airport is going to start operations by December, Airports Authority of India Chairman Guruprasad Mohapatra announced today.
    • The new 101.9-metre tower, which will give controllers a 360-degree view of the airport, is the seventh tallest ATC tower in the world
    • It has been built at a cost of ₹350 crore.
Awards & Honors
  • IPS officer Mahesh Bhagwat has been given the US government's 2017 Trafficking in Persons Hero award for his 13 year-long fight against human trafficking.
  • 'A Billion Colour Story', co-produced by Bollywood actor Satish Kaushik and directed by Padmakumar Narasimhamurthy won the Audience Award at the 2017 London Indian Film Festival
  • Technology major Adobe's CEO Shantanu Narayen and former US Surgeon General Vivek Murthy are the two Indian-Americans among 38 individuals who will be honoured with the Great Immigrants award in the US this year. 
Science & Technology
  • Jio today announced the launch of the 25,000-kilometre Asia-Africa-Europe (AAE-1) submarine cable system
    • Jio claimed it is the longest technology-based 100 Gbps (gigabits per second) submarine cable system in the world, stretching from France to Hong Kong with 21 cable landings across Asia and Europe. 
People in News
  • Shyam Saran Negi, independent India's first-ever voter, turns 100 years old today. 
    • Negi, who belongs to Chini village in present day Kinnaur district in Himachal Pradesh, was the first to cast his vote in the country's first-ever general elections held in 1951. 
New Appointments
  • Senior lawyer KK Venugopal has been appointed as the new Attorney General of India.
    • He is going  to replace Mukul Rohatgi.
    • About Attorney General of India :
      • India's Attorney General is the first law officer of the government and acts as a top advocate for the Union Government. 
      • He needs to give advice to the President and the Centre on legal matters. 
      • An Attorney General has the right to speak and attend the proceedings of the Parliament, however, he/she cannot vote in the committee.
  • Actor Minaketan Das (56), known for his roles in Odia films and television series, passed away.
    • Known for playing negative roles, 'Balunga Toka', 'Jianta Bhuta' and 'Most Wanted' were among Minaketan's popular films.
Banking, Business & Economic Affairs
  • The government today launched the Goods and Services Tax (GST) regime, effective from July 1, 2017.
    • The Goods and Services Tax (GST) was first proposed 17 years ago, when the then Prime Minister Atal Bihari Vajpayee formed a GST committee. 
    • In the making since 2000 and claimed to be the biggest tax reform since Independence, the GST will be a unified indirect tax structure across the country. 
    • The GST Council has come out with a four-rate structure of 5%, 12%, 18% and 28%.
    • The maximum GST rate slab of 28% is the highest among more than 140 countries across the world that have implemented GST. 
      • Argentina has the second-highest GST rate of 27%, whereas the rate stands at 20% in the UK, 20% in France and 7% in Singapore. 
  • The Financial Stability Report released by Reserve Bank of India (RBI) today said the ongoing initiatives like GST will push the economic growth to 7.3% in the current fiscal year in terms of gross value added (GVA). 
    • Further, reforms in FDI, real estate, and revival in external demand are likely to contribute to a better growth, the report said.
  • Warren Buffett's Berkshire Hathaway is set to become the largest shareholder of Bank of America surpassing Vanguard Group by exercising its warrants to buy 700 million common shares. 
Sports Current Affairs
  • MS Dhoni has become India's fourth highest run scorer in ODIs, after reaching the 15-run mark in the second ODI against Windies.
    • Top 5 in the list
      • Sachin Tendulkar - 18426 Runs
      • Sourav Ganguly - 11363 Runs
      • Rahul Dravid - 10889 Runs
      • Mahendra Singh Dhoni - 9442 Runs
      • Mohammad Azharuddin - 9378
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