1. Govt. allocates Rs 22,915 cr capital to 13 PSU banks for FY17:
- Government has allocated 22,915 crore rupees capital to 13 public sector banks for the current fiscal.
- Government has undertaken an exercise to assess the capitalization needs of Public Sector Banks in line with the announcements made under the Union Budget.
- The capital infusion exercise is based on an assessment of need as assessed from the Compound Annual Growth Rate of credit growth for the last five years, and banks’ own projections of credit growth.
- 75 percent of the amount collected for each bank is being released now to provide liquidity support for lending operations as also to enable banks to raise funds from the market.
- The remaining amount will be released later based on performance.
2. World Bank confirms NYU’s Paul Romer as Chief Economist:
- The World Bank has confirmed New York University economics professor Paul Romer (60-yers) its next chief economist.
- He will replace Kaushik Basu, a former Indian government economics adviser who is retiring.
- Romer will take up the position in September. He is currently a professor at New York University (NYU) and director of NYU’s Marron Institute of Urban Management.
- Romer will support the President and the senior management in leading the institution and inspiring the development profession during this time of transformative change.
3. Tata STRIVE skill development centre launched in Hyderabad:
- Tata STRIVE, an initiative of Tata Community Initiatives Trust, has been launched its first Skill Development Centre (TSSDC) centre.
- The centre will equip the youth in the State with skills in BPO, banking, financial services, insurance and retail industries to make them employable. The 17,000-sq ft facility in Kukatpally was inaugurated by Telangana IT and Industries Minister KT Rama Rao.
- The centre can seat 240 students and offers courses that span six weeks to 16 weeks and Anita Rajan is the Chief Operating Officer of Tata STRIVE, the first Group CSR programme of the Tata Group.
4. Parliament passes Regional Centre for Biotechnology Bill, 2016:
- On the first day of the Monsoon session, Parliament has passed the Regional Centre for Biotechnology Bill, 2016 with the Rajya Sabha approving it yesterday.
- The bill seeks to establish a Regional Centre for Biotechnology, an institution of education, training and research, under the auspices of United Nations Educational, Scientific and Cultural Organization (UNESCO) in the National Capital Region. It also confers upon it the status of an institution of national importance.
- The Regional Centre is to disseminate knowledge by providing teaching and research facilities in biotechnology and related fields. Besides, it will help create a hub of biotechnology expertise and promote co-operation at the international level.
- The government through an executive order in April 2009 had established the Regional Centre for Biotechnology Training and Education at Faridabad. Now with approval from Parliament, the institute would be able give Masters and Phd degrees.
5. Indian Railways to install TRI-NETRA to reduce train accidents:
- The Indian Railways has initiated process to launch the Terrain Imaging for Diesel Drivers-Infrared Enhanced Optical and Radar Assisted (Tri-NETRA) system to avoid train accidents.
- The system will be installed on locomotives for enhancing the vision of Locomotive Pilots in inclement weather.
- The device uses infrared and radar technology to collect signals up to a distance of 2-3 km and displays the composite video image on a screen fitted inside the locomotive.
- “TRI-NETRA system” is based on technology employed by fighter aircrafts to see through clouds and operate in pitch darkness.
6. Rs. 28,000 cr released under MGNREGA:
- The Centre has released more than Rs. 28,000 crore so far this year to States under MGNREGA to clear the last year’s liabilities and for running the programme in the ongoing year.
- Under the Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA), funds are released to the States on the basis of agreed to labour budget and performance of the States.
- For ensuring timely payment of wages, the Centre has started National Electronic Fund Management System in 11 States, Minister of State for Rural Development Ram Kripal Yadav said in a written reply to the Rajya Sabha.
7. Guruprasad Mohapatra appointed as Chairman of Airports Authority of India:
- Senior IAS officer (1986-batch) Guruprasad Mohapatra has been appointed as Chairman of Airports Authority of India (AAI).
- Earlier, he was working as Joint Secretary in Union Ministry of Commerce from the past two years.
- He also served as Municipal Commissioner of Ahmedabad for over three years.
- Mohapatra is an MA in Political Science, MPhil in Diplomacy (International Relation) and also an MBA degree holder.
- Airports Authority of India (AAI) is statutory body under the aegis of Union Ministry of Civil Aviation.
8. Turnbull sworn in as Australia’s PM:
- Malcolm Turnbull was sworn in for another term as Australia’s prime minister,after a narrow election victory with budget repair and a public vote on same sex marriage among his top priorities.
- Malcolm Bligh Turnbull (born 24 October 1954) is the 29th and current Prime Minister of Australia and the Leader of the Liberal Party.
- He assumed both offices after defeating Tony Abbott in a leadership election on 14 September 2015. He was subsequently elected in his own right at the 2016 federal election.
9. Turkish musician Kudsi Erguner named UNESCO Artist for Peace:
- Turkish musician Kudsi Erguner has been appointed as the UNESCO Artist for Peace by the Director-General of UNESCO, Irina Bokova.
- He was appointed after the opening ceremony of the 40th session of the World Heritage Committee (WHC) held in Istanbul, Turkey.
- Erguner was named UNESCO Artist for Peace in recognition of his Efforts to promote the universal values of music, an essential instrument of dialogue between cultures.
10. NASA announces discovery of 104 new planets outside solar system:
- NASA has announced the discovery of 104 new planets outside our solar system including four that could have Earth-like, rocky surfaces.
- Scientists discovered the exoplanets in Hawaii using Kepler space telescope.
- The unmanned Kepler mission has been scanning 150,000 stars in the Cygnus constellation for signs of orbiting bodies, particularly those that might be able to support life.
9. SpaceX launched space station docking port:
- US space firm SpaceX has launched supplies to the International Space Station, including a crucial docking port for future American commercial crew vehicles.
- The SpaceX Dragon cargo spacecraft lifted off on the company's Falcon 9 rocket on time from Cape Canaveral Air Force Station in Florida.
- The cargo is the first of two international docking adapters, which will allow US commercial spacecraft to dock to the station while transporting American astronauts in the near future.
10. Legendary playback singer Mubarak Begum passes away:
- Legendary playback singer Mubarak Begum (80-year) passed away in Mumbai, Maharashtra.
- She is known for her singing scores of songs, duets and ghazals for Bollywood, mainly during the (1950-70s).
- In 2011, the Maharashtra government had sanctioned a financial aid of Rs. one lakh for treatment of the ailing singer.
- Her career as a playback singer began in 1949 with the Indian, Hindi-language film Aaiye.
- She is best known for the evergreen song “Kabhi tanhaiyon mein hamari yaad ayegi” from the movie Hamari Yaad Aayegi (1961).
11. Pakistan’s Yasir Shah scales number one spot in ICC Test rankings:
- Pakistan’s spinner Yasir Shah has scaled the number one spot in the ICC Test rankings becoming the first Pakistani bowler to do so since Mushtaq Ahmed in December 1996.
- He reached the number-one spot after bowling Pakistan to a 75-run victory over England in the first Test at Lord’s.
- Yasir, who recorded the figures of six for 72 and four for 69, leapfrogged India’s Ravichandran Ashwin and England’s fast bowling pair of James Anderson and Stuart Broad.
- There is no Indian in the top-10 batsmen in Tests.