Monthly Current Affairs Quiz - August, 2017

Notes:
India has been ranked 53rd among 60 countries in the 2017 Digital Evolution Index (DEI). The list is topped by Norway, followed by Sweden, Switzerland, Denmark and Finland. The Fletcher School at Tufts University, in partnership with Mastercard, presented the Digital Evolution Index (DEI) 2017. The Index is a comprehensive research that tracks the progress of the digital economy across 60 countries, taking into account more than 100 different indicators across four key drivers: supply, consumer demand, institutional environment, and innovation. It reflects the state and rate of digital evolution on the one hand, while also identifying avenues for investment, innovation and policy priorities.

Notes:
The Union Ministry of Electronics and Information Technology (MeitY) has recently constituted a committee of experts under the chairmanship of a former Judge of Supreme Court Justice B N Srikrishna to study and identify key data protection issues and recommend methods for addressing them. The purpose to form the committee is to recognize the importance of data protection and keeping personal data of citizens secure and protected. The committee will also suggest a draft Data Protection Bill. 

Notes:
Santosh Mohan Dev (83), the veteran congress leader and former union minister, has passed away today in Silchar, Assam. He was first elected to the Parliament in 1980, the first of his seven terms in office as the Member of Parliament. Out of these seven, he has represented Silchar, Assam five times and he was elected from Tripura twice. He has the rare distinction of being elected from two different states. Dev was the eldest son of the renowned Bengali North Eastern Freedom Fighter Satindra Mohan Dev.

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According to the Reserve Bank of India (RBI)’s 3rd bi-monthly monetary policy statement for year 2016-17, the policy repo rate under the Liquidity Adjustment Facility (LAF) has reduced by 25 basis points from 6.25% to 6.0% with immediate effect. This move is expected to lower EMIs for home, auto and personal loans. This is the first rate cut since October 2016 and the interest rate is now at 6-year low. In line with record low retail inflation, the reverse repo rate under the LAF stands adjusted to 5.75%, and the Marginal Standing Facility (MSF) rate and the Bank Rate to 6.25%. The RBI Governor headed, six member Monetary Policy Committee also decided to keep the policy stance neutral in consonance with the objective of achieving the medium-term target for consumer price index inflation of 4%.

Notes:
Dr. Pushpa Mittra Bhargava (89), the veteran molecular biologist and a vehement critic of genetically modified crops, has passed away in Hyderabad on August 1, 2017. He headed the Centre for Cellular and Molecular Biology in Hyderabad, India when the government first set it up. He was a well-known critic of Indian governmental policies and has attained the post of Vice-Chairman in the National Knowledge Commission

Notes:
Indian shuttler Rahul Yadav Chittaboina has won the men’s singles title by defeating his compatriot Karan Rajan Rajarajan by 21-15 21-13 in the summit clash at the 2017 Lagos International Badminton Classics in Lagos, Nigeria. Beside him, Manu Attri and B Sumeeth Reddy from India have won the men’s doubles title in the tournament.

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Dr. Sanjaya Baru has been named as the new secretary general of the Federation of Indian Chambers of Commerce and Industry (FICCI). He will assume the charge from September 1, 2017 and will succeed A Didar Singh.

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Former Indian hockey captain Dhanraj Pillay has been honored with the East Bengal football club’s highest honour “Bharat Gaurav” on its foundation day on August 1, 2017. Pillay has played a huge role in reviving the Indian team and performed brilliantly during his 15-year career, representing the country in four Olympics, World Cups, Champions Trophy and Asian Games. He played total 339 matches for India, scoring 170 goals. He led India to Asian Games glory in 1998 and also won the Asia Cup in 2003. Beside him, Gurwinder Singh and Boddupalli Amit have won the Footballer of the Year award and the Cricketer of the Year, respectively. Former India International Subhash Bhowmick, a member of the 1970 Asian Games bronze medal-winning national football team and former national team coach Syed Naeemuddin were honored with lifetime achievement awards.

Notes:
India’s first private sector missile sub-systems manufacturing facility has inaugurated near Hyderabad on August 4, 2017. It has been established a line with the ‘Make in India’ initiative and Government’s policy to encourage private sector participation in defense product. It is a joint venture between the $2.5 billion Kalyani Group and Israel’s Rafael Advanced Defence Systems Ltd. The Kalyani Rafael Advanced Systems (KRAS) plant will make anti-tank guided missile (ATGM) Spike and the production is expected to start soon within weeks.

Notes:
Noted economist Dr. Rajiv Kumar will be the new Vice-Chairman of NITI Aayog, which is a think-tank that replaced the Planning Commission. He will succeed Arvind Panagariya, who will leave the government think tank on August 31, 2017 and return to Columbia University. Currently, Rajiv Kumar is a senior fellow at the Centre for Policy Research, a non-governmental think tank on public policy based out of New Delhi. He had also been part of a Government appointed high-level search Panel that went into the appointment of regulators in the Indian financial sector. Meanwhile, the Centre has also appointed Vinod Paul, a Paediatrician at AIIMS, as a member of NITI Aayog.