Daily GK Updates - 28th July, 2017

NATIONAL UPDATES:

1. Supreme Court puts an end to immediate arrests in dowry cases: Supreme Court has put an end to immediate arrest of the husband and his family members in the dowry harassment case. Police will now have to conduct a preliminary inquiry before making any arrest. The court’s latest order came as complaints piled up over the years alleging misuse of the anti-dowry harassment law framed in 1983.

2. Govt of India launches earthquake parameter dissemination apps: Govt has launched 2 Mobile apps – ‘India Quake’ for dissemination of earthquake parameters and ‘Sagar Vani’ to disseminate ocean related information & alert users in timely manner. Developed by NCS, India Quake will automatically disseminate relevant parameter after occurrence of earthquakes.

3. PM launches deep-sea fishing scheme at Rameswaram: Prime Minister Modi launched a deep-sea fishing scheme for fishermen of Rameswaram. Under the initiative taken up under the “Blue Revolution” scheme, centre would allocate Rs 1,500 crore over a period of time for conversion of bottom trawling boats into deep sea liners.

4. NPCI gets final nod from RBI to function as BBPCU: National Payments Corporation of India has received final authorisation from RBI to function as the Bharat Bill Payment Central Unit and operate the Bharat Bill Payment System. This initiative will provide a major push to digital payments as it is a big step forward in formalising the bill payment system in the country.

International UPDATES:

1. World Hepatitis Day observed: World Hepatitis Day is observed on July 28 every year to create awareness about Hepatitis & minimize burden of hepatitis. Hepatitis is a viral infection which causes inflammation in liver. Theme for World Hepatitis Day 2017 is ‘Eliminate Hepatitis’.

2. After the decision of SC of Pakistan, PM Nawaz Sharif resigns: Pakistan Prime Minister Nawaz Sharif resigned from his post, after the Supreme Court disqualified him over corruption claims against his family. Supreme Court said Sharif is not fit to hold office & ordered a criminal investigation into him & his family. Court also disqualified Finance Minister Ishaq Dar.

3. Iran launches “Simorgh” rocket: Iran has successfully launched a new type of rocket designed to carry a satellite into space. The “Simorgh” rocket is capable of carrying a 250 kg satellite as far as 500 km above Earth.

OTHER UPDATES:

BANKING & FINANCE:

1. PNB ties up with Bajaj Allianz General for bancassurance: Punjab National Bank & Bajaj Allianz General Insurance have signed an agreement for distribution of insurance products through branches. Under the agreement, Allianz will offer insurance products such as health, personal accident along with commercial products such as property to bank’s customers.

2. Axis Bank extends Shikha Sharma's term by three years: Shikha Sharma has been re-appointed as Managing Director (MD) & Chief Executive Officer (CEO) of Axis Bank for three-year from June 2018. Earlier, Axis Bank has informed Bombay Stock Exchange(BSE) that board of directors has approved the re-appointment.

BUSINESS & ECONOMY:

3. ONGC gets government nod to acquire GSPC’s share in KG basin: Oil and Natural Gas Corp has won govt approval for acquisition of Gujarat State Petroleum Corp’s entire 80% holding in a KG basin gas block for Rs 7,738 crore. The company will also pay part consideration of USD 200 million to GSPC towards acquisition rights for discoveries other than DDW field in the block.

4. Jeff Bezos becomes the World’s Richest Man: Amazon CEO Jeff Bezos has overtaken Bill Gates as the richest person in the world, with a with a net worth of $90.6 billion. Bezos dethroned Gates, who has been the richest man on the planet since 2013, after a rise in the share price of Amazon ahead of its latest results.

SPORTS:

5. India strikes bronze again at Kathmandu: India’s Ajay Singh has won bronze medal in Asian Youth and Junior Weightlifting Championships at Kathmandu. He 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.

6. Diksha Dagar wins silver at Deaflympics at Samsun, Turkey: Indian golfer Diksha Dagar has won a silver medal in womens individual golf event of the Deaflympics. The first such Deaflympics was held in 1924 in France.