Current Affairs Daily Digest – July 28′ 2017


  1. Axis Bank extends Shikha Sharma’s term by three years

Shikha Sharma has been re-appointed as MD&CEO of Axis Bank for three-year term from June 2018, putting to rest rumours about her being sounded out to head Tata’s financial services vertical.

Axis Bank informed Bombay Stock Exchange that board of directors has approved the re-appointment.

Axis  had appointed an executive search firm to carry work on zeroing in on CEO to head the bank after her current term was to end in June 2018. 

  1. Andhra appoints P.V. Sindhu as Deputy Collector

Olympics badminton silver medallist PV Sindhu was appointed a Deputy Collector by the Andhra Pradesh government.

Chief Minister N Chandrababu Naidu handed over the appointment letter to her at the state secretariat in the presence of her parents.

As any recruitment in public services has to be only through the State Public Service Commission, selection committee or employment exchange, the government had to amend the Andhra Pradesh (Regulation of Appointments to Public Services and Rationalisation of Staff Pattern and Pay Structure) Act, 1994.

  1. Japanese who helped save Angkor Wat awarded “Asia’s Nobel”

A Japanese historian who helped save Cambodia’s renowned Angkor Wat temple complex was among the winners of this year’s Magsaysay Awards, widely regarded as Asia’s version of the Nobel prize.

Yoshiaki Ishizawa, 79, was honoured for decades of work in helping preserve the historic landmark after the 12th-century temple complex barely survived years of war and civil strife.

  1. India’s first mobile ticketing system to be launched by Mumbai Metro

Mumbai Metro has announced the launch of India’s first Mobile Ticketing System ‘OnGo’ which will help commuters cross the AFC gates using their mobile phones.

The system, which is in the final advance stage of testing, will be implemented by mid-August. With this will end the days of standing in long queues for tickets, tokens, card recharges and value passes!

The new feature, the only one of its kind in the country, will add to the overall Metro experience of the commuters.

  1. PNB ties up with Bajaj Allianz General for distribution

State-owned Punjab National Bank (PNB) and Bajaj Allianz General Insurance have signed an agreement for the distribution of insurance products through the branches.

Under this agreement, Bajaj Allianz General Insurance will offer personal lines of insurance products such as health, personal accident, home, motor and travel along with commercial line of insurance products such as property, marine and engineering insurance, etc to the bank’s customers.

The insurance company will also cater to the bank’s significant base of rural and semi–rural customers by offering them its wide range of rural insurance products.

  1. Nawaz Sharif disqualified as Pakistan PM

Nawaz Sharif has been disqualified as Pakistan’s Prime Minister by the country’s Supreme Court in the Panama-gate case.

The court verdict means fresh political crisis for Pakistan and the decision comes at a time when the country is seeing a surge in militancy and dealing with a poor economy.

Even as the political crisis in India’s neighbouring country unfolds, one wonders what this means for the Indo-Pak ties in the future and whether a new establishment would take seriously the threat of homegrown militancy.

  1. China and Russia held their First Joint Naval Drill in the Baltic Sea

Russia and China are holding their first joint naval exercises in the Baltic Sea, in a signal that the countries are bolstering military ties.

Three Chinese warships, including a destroyer, frigate and supply vessel are participating in the Joint Sea-2017, which entered their active phase.

The naval exercises come as NATO is bolstering deployments to the neighboring Baltic States ahead of Russian military exercises in Belarus in September.

  1. Facebook TV is set to launch online in mid-August

Facebook Inc.’s version of television is coming online in mid-August after several false starts, according to people familiar with the matter.

The company has been asking its partners to turn in the first episodes of their spotlight show. Some already have finished these short-form, inexpensive programmes.

  1. BSE inks cooperation pact with Egyptian Exchange

Leading bourse BSE has joined hands with Egyptian Exchange (EGX) for cooperation in exchange of information across business areas.

In a statement, EGX Executive Chairman Mohamed Omran said that the exchange aims to cross list and trade securities that would provide new investment alternatives to investors in both markets.

The exchanges signed a memorandum of understanding (MoU), through which they have created possibilities for a range of opportunities to be studied and explored for the development of their businesses, products and markets and to share knowledge and build on both bourses’ strategies to strengthen international connectivity.

  1. Australia sends its first uranium shipment to India

Australia has sent its first uranium shipment to India for testing purposes ahead of possible commercial sales to the nation.

The transfer is part of ongoing commercial negotiations between Australian uranium exporters and India’s Department of Atomic Energy on possible sales contracts for civil nuclear-power generation

  1. Amazon’s Jeff Bezos Briefly Overtakes Gates To Become World’s Richest

A rally in e-retail behemoth Amazon’s share price propelled founder Jeff Bezos to the top of a list of the world’s richest individuals—for less than a day.

Mr Bezos, who is also chairman and chief executive of the Seattle-based company, was worth almost $91bn (£70bn) after Amazon’s share price rose more than 1 per cent in morning trading in New York.

  1. July 28, 2017: World Hepatitis Day

World Hepatitis Day (WHD) takes places every year on 28 July and brings the world together under a single theme to raise awareness of the global burden of viral hepatitis and to influence real change.

 Theme: World Hepatitis Day 2017 is ‘Eliminate Hepatitis’.

Viral hepatitis is one of the leading causes of death globally, accounting for 1.34 million deaths per year – that’s as many as HIV/AIDS, tuberculosis or malaria. Together, hepatitis B virus and hepatitis C cause 80% of liver cancer cases in the world.

  1. Sports Amateur golfer Diksha wins silver at Deaflympics

At the age of 16, the Indian golfer has made the country proud by winning a silver medal at the ongoing Deaflympics (Deaf Olympics; on till July 30) in Turkey.

Diksha is among the 46 sportspersons participating in the games at Samsun. This is the first time that golf is a part of Deaflympics. And, behind Diksha’s victory is an extraordinary tale of courage and commitment.

  1. Ajay Singh strikes bronze in Asian Youth Weightlifting

India’s Ajay Singh has clinched the bronze medal in Asian Youth and Junior Weightlifting Championships to take his country’s tally to three medals in Kathmandu.

The weightlifter finished at the third spot in 77 kg men’s junior category after lifting 143 kg in snatch and 172 kg in clean and jerk.

Earlier, S. Nirpupama Devi had bagged a bronze medal in 69 kg women youth category while Konsam Ormila Devi had won gold in 44kg weight category on the opening day.

  1. Bollywood actor Inder Kumar passes away

Bollywood actor Inder Kumar, who starred in Salman Khan’s Wanted, passed away.

He had also appeared in Ekta Kapoor’s long-running TV soap Kyunki Saas Bhi Kabhi Bahu Thi as Mihir Virani.




Read Current Affairs Daily Digest For June 2017