Daily GK Updates - 4th August, 2017

NATIONAL UPDATES:

1. Government disinvests 6.83% of equity in Hindustan Copper Limited: The Union Govt. has disinvested 6.83% of the paid up equity in Hindustan Copper Limited through offer for sale. The government is likely to get approximately 400 crore Rupees from this disinvestment.

2. Lok Sabha passes Banking Regulation Bill, will replace BR Act 1949: Banking Regulation (Amendment) Bill 2017, which was promulgated in May, was passed in Lok Sabha. It will replace Banking Regulation Act 1949, giving govt power to authorise RBI to issue directions to banks to initiate insolvency resolution in case of a default. Bill empowers RBI to issue directives for resolution & appoint authorities to advise banking companies on stressed asset resolution.

3. Government ends 10-yr pact with GVK-EMRI before the schedule: Department of Health & Family Welfare has terminated its 10-year contract with GVK-EMRI which provides emergency response service 108 Arogya Kavacha. Decision was taken citing certain shortcomings of GVK-EMRI group such as delay in providing services, shortage in manpower & not addressing employees’ grievances.

4. Non-performing teachers beyond 50 to be retired compulsorily – Bihar Govt.: Bihar Govt. has decided to compulsory retire non-performing head masters, teachers, and education department officials above the age of 50 years. Those teachers had failed thrice in the assessment test would also be removed.

5. Telangana will become the first state in India to bring AI in public health screening: Telangana government has signed an agreement with Microsoft India to adopt cloud-based analytics solution for Rashtriya Bal Swasthya Karyakram. It will also use of Microsoft Intelligent Network for Eyecare, the artificial intelligence platform with multiple stakeholders, for eye screening.

6. Bengaluru to have country’s first Heli-taxi service: The Kempegowda International Airport will become the first airport in the country to have a helicopter-taxi (heli-taxi) service for those who cannot afford to spend time battling traffic to travel across the city. The service, which will be operated by Thumby Aviation Private Limited, is expected to take off within three months.

7. Tata Memorial ties up with IDA for early detection and prevention of Oral Cancer: Tata Memorial Centre has joined hands with Indian Dental Association to start India’s 1st digital initiative for prevention & early detection of oral cancer.

The 2 launched a special course on Oral Cancer on World Head and Neck Cancer Day to create awareness of oral cancer.

8. Lok Sabha passes NABARD (Amendment) Bill: Lok Sabha has passed NABARD  (Amendment) Bill, 2017 by voice vote that seeks to amend National Bank for Agriculture and Rural Development Act, 1981. The Bill allows central govt to increase authorise capital of Bank from Rs. 5,000 cr to Rs.30,000 cr.

INTERNATIONAL UPDATES:

1. USISPF set up: A new representative body — US- India Strategic Partnership Forum (USISPF) — is being set up to further enhance business relations between the two countries. The body will work closely together with businesses and government leaders to achieve its goals of driving economic growth

2. Israel launches first environmental research satellite VENμS: Israel launched the country’s first environmental research satellite from a launch site in French Guinea. It in a joint venture between the Israel Space Agency (ISA) and its French counterpart CNES (Centre National d’Etudes Spatiales).

OTHER UPDATES:

BUSINESS & ECONOMY:

1. Bharat 22 Exchange Traded Fund (ETF) launched: Bharat 22 will comprise shares of 22 companies. ETF will have a single company cap of 15%, while a sectoral cap of 22% will also be in place. Bharat-22 ETF will comprise of the government’s holding in SUUTI, CPSE ETF and PSU banks.

2. Mohammad Mustafa has been appointed as CMD of SIDBI: The Appointments Committee of the cabinet has approved his appointment to the post for a period of three years.

3. Toyota, Mazda tie-up over electric vehicles: Japanese auto giant Toyota and smaller rival Mazda agreed a capital tie-up to focus on joint development of electric vehicles. The move comes as the automotive industry is faced with a major shift towards greener transport and greater use of information technology.

SPORTS:

4. Neymar becomes world’s most expensive footballer: Brazil’s football star Neymar become the world’s most expensive footballer at Rs.1,680 crores. Paris based Saint-Germain (PSG) signed him for a five year deal from Barcelona.

5. World Athletics Championships begins in London: 25 Indian athletes are taking part in this event. India has taken part in every championship since the first one in 1983.

Daily GK Updates - 3rd August, 2017

NATIONAL UPDATES:

1. Indian Army develops app for soldiers: The Indian Army has developed a mobile application named ‘Humraaz’ through which serving soldiers can track details like postings and promotions. With the help of this app, soldiers can view their monthly salary slips and Form 16 too. The app has been developed in-house by the Army.

2. Lok Sabha passes 2 bills extending CGST, IGST to J & K: Lok Sabha has passed 2 bills extending Central GST and Integrated GST to Jammu and Kashmir. The step will ensure greater economic integration of the state with rest of the country.

3. KRAS unit inaugurated at Hyderabad: KRAS, a joint venture b/w Kalyani Strategic Systems & Rafael Advanced Defense Systems of Israel inaugurated their state-of-the-art facility at Hyderabad. KRAS would be India’s first private sector advanced defence sub-systems manufacturing entity.

4. No detention policy in schools to be scrapped: Cabinet has approved scrapping of no-detention policy in schools till Class 8. Policy was introduced under RTE 2009 according to which schools were not allowed to fail or expel a student up to Class 8. It will now allow states to detain students in class V & class VIII if they fail in the year-end exam.

INTERNATIONAL UPDATES:

1. Wray to replace Comey as FBI director: The US Senate has  confirmed Christopher Wray as the man to lead the FBI. He will replace James Comey, who was abruptly fired by US President Donald Trump amid the investigation into Russian meddling in last year’s presidential election.

2. BRICS Agriculture Research Platform – Nod from Cabinet: Cabinet has approved a MoU between India & BRICS countries to set up BRICS Agriculture Research Platform.

Proposal was presented by Narendra Modi to establish BRICS Agriculture Research Centre during 7th BRICS Summit in Russia.

3. Germany tests face recognition surveillance: Germany has test launched a face recognition surveillance system at Berlin’s railway station that would contribute to anti-terrorism efforts. It aims to determine whether cameras can automatically recognize faces of specific persons & single them out from crowd. When a criminal/terrorist suspect enters/exits public transport facility, the system would immediately warn police to take prompt action.

OTHER UPDATES:

BUSINESS & ECONOMY:

1. IRCTC launches cash-on-delivery for tatkal tickets: Railways has announced that people can now book their ticket under the tatkal quota on  IRCTC website & can pay later. For tatkal tickets IRCTC users will be able to pay via cash, debit card or credit card by opting to have tickets delivered at their doorstep.

2. Airtel and Telenor receive NCLT nod: The proposed merger between Bharti Airtel and Telenor India has been approved by the National Company Law Tribunal. Airtel will get 43.4 units of 4G spectrum in 1800 MHz band once the Telenor deal is concluded.

3. Google’s Internet Saathi programme reaches one lakh villages: Google India has reached a milestone of 100,000 villages with its Internet Saathi programme which was launched as a pilot in Rajasthan in July 2015 along with Tata Trusts.

Google will also be expanding the program in two new states – Haryana and Bihar.

SPORTS:

4. Paralympian Jhajharia recommended for Khel Ratna: Two-time Paralympic gold-medallist Devendra Jhajharia became the first paralympian to be recommended for the country’s highest sporting honour – the Rajiv Gandhi Khel Ratna award. He won a gold in javelin at 2016 Rio Paralympics, is the only Indian to win 2 Paralympic golds. He had won his medals in the javelin throw event.

OBITUARIES:

4. Renowned scientist Pushpa Mitra Bhargava passes away: Renowned scientist Pushpa Mitra Bhargava passed away due to illness. Bhargava was a recipient of over 100 national & international awards and the Legion d'Honneur of France in 1998.

Daily GK Updates - 2nd August, 2017

NATIONAL UPDATES:

1. Committee of Experts to identify key data protection issues formed: A Committee of experts under the chairmanship of B N Srikrishna, to study and identify key data protection issues and recommend methods for addressing them, has been formed. The committee will also suggest a draft Data Protection Bill. Protection of Data is expected to provide a big boost to Digital economy of the country.

2. BSE appoints Dhirendra Swarup as the new Chairman: Bombay Stock Exchange has appointed Dhirendra Swarup as its new Chairman. Swarup, who was functioning in the capacity of a Public Interest Director with BSE replaces incumbent Sudhakar Rao.

3. India and Somalia sign agreement: India & Somalia have signed a bilateral agreement for transfer of sentenced persons, deepening humanitarian cooperation b/w 2 countries. Agreement was signed by Sushma Swaraj and Foreign Minister of Somalia Yusuf Garaad Omar.

4. Jharkhand clears bill Religious Freedom Bill 2017 to ban ‘forceful’ conversions: Jharkhand cabinet has approved draft of a bill that will ban religious conversion by force or allurement. It aims for tougher action on forced conversions of minor girls & women from scheduled tribes. Anyone found violating it will be liable for 3 years’ imprisonment or Rs 50,000 fine or both.

5. Contest for designing logo for 'Women of India Festival' launched: The Women and Child Development Ministry has launched a contest for designing a logo for the 'Women of India Festival' to be held at ‘Dilli Haat’ in October 2017.

6. e-RaKAM portal to sell agricultural produce launched: Govt has launched a portal e-Rashtriya Kisan Agri Mandi  which will provide a platform to sell agricultural produce. It is developed by MSTC Limited & supported by marketing & logistics partner CRWC Limited.

INTERNATIONAL UPDATES:

1. Shahid Abbasi elected as interim Pakistan PM: Pakistan’s parliament has elected Shahid Abbasi as country’s new PM, after Supreme Court disqualified Nawaz Sharif.

2. India to construct hydroelectric power facilities under Indus Waters Treaty: The World Bank has allowed India to construct hydroelectric power facilities on tributaries of the Jhelum and Chenab rivers under the Indus Waters Treaty. It is noteworthy that Pakistan is opposed to the construction of hydroelectric power plants being built by India in Jammu and Kashmir.

3. US imposes sanctions on Venezuela President: US govt has imposed sanctions on Venezuelan President Nicolas Maduro, following irregularities in the election of a new legislative body to redraft the constitution. Maduro’s assets under US jurisdiction are now frozen.

OTHER UPDATES:

SPORTS:

1. Dhanraj Pillai awarded with Bharat Gaurav: Former India hockey captain Dhanraj Pillay was honoured by East Bengal football club on its foundation day with its highest award, Bharat Gaurav, for contribution to the field of hockey.

2. Veer Dev Gulia wins Bronze: Veer Dev Gulia bagged a bronze medal on the opening day of the competition at Tampere in Finland. In the Men's 74 kg freestyle category, Gulia finished third after beating Yamasaki Yajuro of Japan, 8-5 in the bronze medal play-off bout.

BANKING & FINANCE:

3. Reserve Bank of India announces its third bi-monthly policy review: Repo rate under the liquidity adjustment facility (LAF) reduced by 25 basis points from 6.25 per cent to 6.0 per cent with immediate effect. The reverse repo rate under the LAF stands adjusted to 5.75 per cent. The marginal standing facility (MSF) rate and the Bank Rate are at 6.25 per cent. Cash Reserve Ratio (CRR) remains unchanged at 4 percent.

BUSINESS & ECONOMY:

4. Sanjay Baru appointed as new Secretary General of FICCI: Sanjaya Baruhas been named new secretary general of the Federation of Indian Chambers of Commerce and Industry. He will replace A Didar Singh and will assume the charge from September 1.

Daily GK Updates - 1st August, 2017

NATIONAL UPDATES:

1. Union Govt. orders LPG prices to be hiked by Rs. 4 per month: The Union Govt. has ordered state-run oil companies to raise the price of subsidized cooking gas (LPG) by four rupees (excluding tax) per cylinder every month to eliminate all the subsidies by March 2018. The order came into effect on 1st June 2017.

2. Arvind Panagariya, the Vice Chairman of NITI Aayog, resigns: Arvind Panagariya has resigned as the vice-chairman of NITI Aayog. He will return to academia in US & August 31 will be his last day in office.

3. Mukesh Ambani becomes Asia’s 2nd richest person – Bloomberg Index: Mukesh Ambani has surpassed Hong Kong business tycoon Li Ka-shing to become Asia’s second richest man. Ambani’s total net worth stood at $35.2 billion making him the 19th richest person in the world as per Bloomberg Index. Jack Ma, the founder of Alibaba.com remains Asia’s richest person.

4. Lt. Gen. Abhay Krishna has been appointed as head of Army’s Eastern Command: He was heading Army’s South Western Command & has vast experience of Sikkim sector, he succeeds Lt. Gen. Praveen Bakshi.

5. Rajya Sabha passes Constitution (123rd Amendment) Bill, 2017 with amendments: The Rajya Sabha (RS) passed the Constitution (123rd Amendment) Bill -2017 with amendments to create a new commission with constitutional status for the OBCs at par with the National Commissions for Scheduled Castes and Scheduled Tribes.

6. Use of 5 harmful metals in firecrackers banned: Supreme Court has imposed a ban on use of 5 harmful metals in firecrackers as they cause enormous air pollution. A bench headed by Justice Madan B Lokur prohibited use of lithium, mercury, arsenic, antimony, lead metals which are used in manufacturing of firecrackers.

INTERNATIONAL UPDATES:

1. Indian Army participates in tank race as a part of International Army Games: Indian Army team participated in a tank race competition in Russia along with groups from several countries. “Tank Biathlon” commenced at Alabino Ranges on 29 July, Indian Army participated in it with T-90 tanks. It is an international event conducted as part of International Army Games held every year since 2013 in Russia

OTHER UPDATES:

SPORTS:

1. Los Angeles will host the Olympic Games and Paralympic Games in 2028: Los Angeles formally announced its bid for the 2028 Summer Olympics after agreeing on a deal that paves the way for Paris to host in 2024. Both cities had lobbied hard to host the 2024 games.

BANKING & FINANCE:

2. Airtel Payments Bank ties up with HPCL: Airtel Payments Bank has entered into partnership with Hindustan Petroleum Corporation Limited to give further boost to digital payments in the country. All 14,000 HPCL fuel stations will act as banking points for Airtel Payments Bank.

2. RBI slaps Rs 3-cr penalty on Union Bank: RBI has imposed Rs 3 cr penalty on Union Bank of India for non-compliance of know-your-customer norms.

BUSINESS & ECONOMY:

3. Sameer Garde named the President of Cisco India: Cisco has named former Philips Healthcare executive, Sameer Garde as president for its India and Saarc operations. Garde will be responsible for Cisco’s senior-level external engagement, including those with government and industry associations.

4. Facebook acquires AI startup Ozlo: Ozlo specialises in understanding text-based conversations & can provide answers to questions which do not have simple “yes” or “no” answers.

Daily GK Updates - 31st July, 2017

NATIONAL UPDATES:

1. Very serious flood situation in Odisha's Jajpur, Kendrapara districts: Over two lakh people have been affected in the flood in Brahmani river and Seven people had lost their lives in the floods. PM Modi will pay an one-day visit to Assam on Tuesday to discuss a permanent solution to the flood problem.

INTERNATIONAL UPDATES:

1. U.S. Conducts ‘Successful’ Test of THAAD Defence System With Ballistic Missile: The US military has successfully tested the Terminal High Altitude Area Defense(THAAD) system over Pacific Ocean. Interestingly the THAAD test comes just two days after N Korea fired an Intercontinental Ballistic Missile(ICBM). The exercise will help the U.S. “to stay ahead of the evolving threat,” said MDA Director Lt. Gen. Sam Greaves in a statement.

2. Donald Trump got disappointment with China’s “NoStand” State on North Korea’s Nuclear Quest : US president took twitter to accuse China for doing nothing to thwart North Korea’s Nuclear quest. The comments came after Kim Jong-un celebrated his country’s second intercontinental ballistic missile (ICBM) test. US President Donald Trump has accused China of doing nothing on North Korea and said he was "very disappointed" with Beijing, a day after Pyongyang launched an intercontinental ballistic missile test. Pyongyang is the capital and largest city of the Democratic People’s Republic of Korea.

3. Robert Mugabe says he is 'not dying' as health concerns mount: Zimbabwe's 93-year-old President Robert Mugabe, declaring "I am not dying," sought Saturday to brush aside growing concerns about his health after his wife urged him to name a successor. Mugabe's medical trips to Singapore have become frequent in recent years, fuelling questions about his health. His last visit was early this month for what was described as a "routine medical check-up".Zimbabwe’s 93 year old President Robert Mugabe said he won’t step down leaving behind fractured party. This comes after demans for the resignation of Mugabe, who has been in power since 1980. Zimbabweans will vote in parliamentary and presidential elections in 2018

OTHER UPDATES:

SPORTS:

1. Shiva Thapa, Manoj Kumar strike gold at Czech Republic boxing tournament: The Indian boxers at the 48th Grand Prix Usti Nad Labem in the Czech Republic bagged five gold, two silver and one bronze medal at the event. World Championships bronze medallist Shiva Thapa and Commonwelth Games Gold medallist Manoj Kumar claimed Gold medal along with other three boxers. In Toto, Indian boxers bagged 8 medals at Czech Republic boxing tournament.

2.Sebestian Vettel beats Lewis Hamilton at Hungarian Grand Prix: Ferrari’s F1 racer Sebestian Vettel won the Hungarian Grand prix title. With the help of this win, Sebestian Vettel extended his lead over rival Lewis Hamilton to 14 points in the drivers’ championship table. Sebastian Vettel a German racing driver is currently driving in Formula One for Scuderia Ferrari. He is a four-time Formula One World Champion, having won the championship in 2010, 2011, 2012 and 2013 with Red Bull Racing, therefore being among the most successful F1 drivers of all time, as he is one of only four drivers to have won four or more drivers' titles. He is regarded by fellow and former drivers as one of the greatest Formula One drivers in the history of the sport. Vettel is contracted to remain as a Formula One driver with Scuderia Ferrari until at least the end of 2017.

BANKING & FINANCE:

1. SBI cuts saving account rate by 0.5% on balance upto Rs 1 cr: SBI said revision of saving bank rate will enable the bank to maintain marginal cost of fund based lending rate (MCLR) at existing rates. Country’s largest lender State Bank of India has slashed interest on savings account deposits by 50 basis points to 3.5 per cent on balance up to Rs 1 crore, ahead of RBI’s policy review this week.However, the bank will continue to offer 4 per cent interest on savings account balance of Rs 1 crore and above.

2. Government is planning strategic disinvestment in Salem Steel Plant: The government is planning strategic disinvestment of the Salem steel plant (SSP) in Tamil Nadu and not total disinvestment said Steel Minister Chaudhary Birender Singh in Lok Sabha. Salem Steel Plant(SSp), which produced 3.39 lakh metric tonnes per annum of steel, was considered to be the country’s best plant producing stainless steel.

BUSINESS & ECONOMY:

1. Snapdeal ends merger talks with Flipkart to ‘pursue independent path’: Sectoral analysts suggested that while it was imperative for Snapdeal to find a suitor to handle its financial troubles, but the deal did not make much sense for Flipkart except that it could have helped the Bengaluru-based e-commerce firm get backing from SoftBank. Beleaguered online marketplace Snapdeal has called off talks for its merger with rival Flipkart, India’s biggest e-commerce player. “Snapdeal has been exploring strategic options over the last several months. The company has now decided to pursue an independent path and is terminating all strategic discussions as a result,” a Snapdeal spokesperson said in a statement, without naming Flipkart.

2. Maharashtra tops the list of fresh GST registrations, Gujarat comes second: Maharashtra topped the list of GST registration under Goods and Service Tax with over 1.3 lakh applications. Gujarat and Uttar Pradesh ranked second and third with 90,000 and 80,000 applicatons respectively.

HONOURS/AWARDS:

1.Japanese & SriLankan stands in the list of the winners of Ramon Magsaysay Awards: Yoshiaki Ishizawa, a Japanese historian and Gethsie Shanmugam, a Sri Lankan teacher are among six winners of this year’s Ramon Magsaysay Awards. A Japanese historian who helped Cambodians preserve the Angkor temples and a Sri Lankan teacher who counseled war widows and orphans to overcome their nightmares. The other recipients named Thursday are an Indonesian working for the return of large tracts of forest land to indigenous communities, a Singaporean who leads the cooking of 6,000 meals a day for the destitute, a Philippine theater group which stood up to a dictatorship and a Filipino who oversaw the opening of job-generating export processing zones. These are among the six winners of this year's Ramon Magsaysay Awards, regarded as Asia's version of the Nobel Prize.The Ramon Magsaysay Awards' is an annual award established to perpetuate former Philippine President Ramon Magsaysay's example of integrity in governance, courageous service to the people, and pragmatic idealism within a democratic society. The prize was established in April 1957 by the trustees of the Rockefeller Brothers Fund based in New York City with the concurrence of the Philippine government. The award has been critically-acclaimed as the most prestigious continental award in Asia, in par with the West's Nobel Prize.

OBITUARIES:

1.Eminent Dhrupad singer Ustad Sayeeduddin Dagar passes away at 78: Ustad Hussain Sayeeduddin Dagar, one of the foremost exponents of the Dhrupad tradition, died in a Pune hospital late on Sunday evening following prolonged illness. Known to his admirers as Sayeed Bhaai, Ustad Sayeeduddin Dagar succumbed to kidney and other related ailments. The maestro died in a Pune hospital late on Sunday evening following prolonged illness. He was part of the illustrious Dagar family of musicians

Daily GK Updates - 30th July, 2017

NATIONAL UPDATES:

1. “Sprites” – the world’s smallest spacecraft: “Sprites” launched successfully by an Indian rocket. The world’s smallest ever spacecraft ‘Sprites’ has been successfully been placed in low Earth orbit by ISRO’s PSLV rocket. Spacecraft sprites weighs 4 gram only and runs on sunlight.

2.Sunil subramanyam as Manager of Indian Cricket team: BCCI Picks former Tamil Nadu Ranji team captain Sunil Subramaniam As Administrative Manager Of Team India.

3. Legalising marijuana : Women and child development minister Maneka Gandhi has suggested legalising marijuana, a psychoactive drug, in India for medical purposes on the lines of the practice adopted by some developed countries like the US to curb drug abuse.

INTERNATIONAL UPDATES:

1.Interim PM of Pakistan after Nawaz Sharif’s resignation: Shahid Abbasi has been appointed as as Interim Prime Minister of Pakistan for 45 days till Nawaz Sharif’s younger brother Shahbaz Sharif takes over as his eventual successor Shortly after Nawaz Sharif’s exit, the ruling party PML-N proposed his younger brother Shehbaz for the role of the prime minister. Shahbaz, however, cannot immediately replace Nawaz Sharif since he isn’t a member of the Parliament

2. US "Lancer" bombers over Korean peninsula: The United States has flown two B-1B bombers over the Korean Peninsula in a show of force in response to North Korea's recent missile tests, the US Air Force said in a statement. The US also said it conducted a successful test of a missile defence system located in Alaska. North Korea announced it conducted another successful test of an intercontinental ballistic missile (ICBM) that proved its ability to strike America's mainland, drawing a sharp warning from US President Donald Trump.US airforce flew two B-1B bombers in direct response to the North Korea’s ICBM test. The bombers took off from a US air base in Guam, and were joined by Japanese and South Korean fighter jets during the exercise, according to the statement. The US has in the past used overflights of the supersonic B1-B "Lancer" bomber as a show of force in response to North Korean missile or nuclear tests.

3. Xi Jinping inspects Military parade on PLA’s 90th anniversary: Chinese President Xi Jinping today inspected a massive military parade at the country’s largest military base in Zhurihe in Inner Mongolia as part of the celebrations to mark the 90th founding anniversary of the 2.3 million-strong People’s Liberation Army (PLA).The PLA was founded on August 1, 1927 when the ruling CPC under the leadership of Mao Zedong carried on with his national liberation movement. Mao Zedong also known as founding father of People’s Republic of China.

4. Iran parliament adopts motion to reciprocate US sanctions: National Security and Foreign Policy Commission of Iran's Majlis (parliament) on Saturday passed the general outlines of a motion to reciprocate the US sanctions on the country. It also envisages measures to support the Iranian armed and security forces as well as those Iranians who would be affected by the US action.

5.  Need to know: Parliaments of different countries are called as follows:

Country	Name of the Parliament
Iran	Majlis
Saudi Arabia	Majlis Al Shura
Maldives	Majlis Madagascar
Maldives	Majlis Madagascar
Nepal	National Panchayat
Myanmar	Pyithu Hluttaw
Bhutan	Tshogdu
Iceland	Althing
Colombia	Congress
Japan	Diet
Israel	Knesset

OTHER UPDATES:

BANKING & FINANCE:

1. LIC clocks 145% jump in profit from equity investments at Rs 6,100 cr in Q1: India’s largest insurer Life Insurance Corporation of India (LIC) has booked profits of Rs 6,100 crore from equity investments for the first quarter ended June 30, 2017, showing a 145 percent jump over the same period last fiscal. The insurer had booked profits of Rs 2,489 crore in Q1 of FY17. Notably, the insurance behemoth is looking at a double digit growth in business in the current fiscal.