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Important Current Affairs 3rd August 2017

Important Current Affairs 3rd August 2017

Current Affairs 3rd August 2017: NATIONAL NEWS

MoU signed between Rail Land Development Authority (RLDA) & IRCON International Limited for Redevelopment of Delhi Safdarjung Railway Station

Ministry of Railways has entrusted the work of redevelopment of Delhi Safdarjung Railway Station to IRCON along with RLDA by leveraging the commercial potential of the railway land around the station including RLDA’s office as well as air space above the railway station. 
●    In the gracious presence of Shri Suresh Prabhakar Prabhu, Minister of Railways, Rail Land Development Authority (RLDA), a Statutory Authority under Ministry of Railways, Government of India signed an MoU for this purpose with IRCON International Limited, a Public Sector Undertaking under Ministry of Railways.
●    Shri Rakesh Goyal, Vice Chairman RLDA and Shri S. K. Chaudhary, CMD IRCON signed the MOU. 
●    Delhi Safdarjung station is proposed to be developed on self-financing model for which finance will be raised through marketing of the commercial built-up area that will be developed on the surplus railway land and air space as part of the Station development project. 
●    The land and the constructed buildings will continue to remain under the ownership and control of RLDA and only the commercial built-up area will be leased for upto 45 years by RLDA . 
●    IRCON will carry out design, construction and marketing of the project. 
●    The Phase-I of the project will come up on the Moti Bagh side of the Station and is targeted for completion by January 2019.

IRCTC Launches pay on delivery scheme

●    People can now pay later for tickets booked under the tatkal quota on the Indian Railway Catering and Tourism Corp (IRCTC) website, it was announced on Wednesday.
●    Till now, this service was available only for general reservations. For tatkal bookings people had to pay first via the standard online payment gateways before the IRCTC portal confirmed their ticket.
●    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, said IRCTC payment provider Anduril Technologies.
●    IRCTC processes 130,000 tatkal transactions daily. 
●    A majority of these tickets is booked within minutes of the quota opening.

India permitted to construct Kishanganga, Ratle projects under Indus Water Treaty: World Bank

India is allowed to construct hydroelectric power facilities on tributaries of the Jhelum and Chenab rivers with certain restrictions under the 1960 Indus Waters Treaty (IWT), the World Bank has said. 
●    The World Bank's comments came as officials from India Pakistan concluded the secretary-level talks over the IWT.
●    Pakistan opposes the construction of the Kishanganga (330 megawatts) and Ratle (850 megawatts) hydroelectric power plants being built by India in Jammu and Kashmir, the global lender said in a fact sheet issued yesterday. 
●    Noting that the two countries disagree over whether the technical design features of the two hydroelectric plants contravene the treaty, the World Bank said the IWT designates these two rivers as well as the Indus as the "Western Rivers" to which Pakistan has unrestricted use. 
●    "Among other uses, India is permitted to construct hydroelectric power facilities on these rivers subject to constraints specified in annexures to the treaty," the Bank said in its fact sheet.

Current Affairs 3rd August 2017: OBITUARY 

Congress veteran Santosh Mohan Dev dead

Congress veteran and former Union minister Santosh Mohan Dev died at a nursing home in Silchar at about 6am on Wednesday. 
●    He was 83.
●    Hospital sources said Dev died of multiple organ failure. He is survived by his wife, former MLA Bithika Dev, and four daughters. 
●    Sushmita, his youngest daughter, is the MP from Silchar.
●    Dev, a seven-time MP and five-time Union minister, was admitted to Valley Hospital and Research Centre on July 26 after he suffered a heart attack. 
●    The government will perform Dev's last rites with full state honours, chief minister Sarbananda Sonowal tweeted. 
●    He also declared August 3 as a local holiday in the Barak Valley as mark of respect to Dev.

Current Affairs 3rd August 2017: ECONOMY

RBI cuts repo rate by 25 bps to 6%, loans may get cheaper

The Reserve Bank of India (RBI) on Wednesday finally cut interest rates, in line with what the Street was expecting. 
●    Repo rate - the rate at the which the central bank lends short-term money to banks - was cut by 25 basis points to 6 per cent from 6.25 per cent. 
●    RBI's move comes on the back of inflation running well below its target for consecutive quarters. 
●    The central bank had last cut key rates in October 2016. 
●    The current rate of 6 per cent is the lowest since November 2010.
●    A significant moderation in retail inflation over the past three months had reinforced calls for further monetary policy easing from the RBI, which changed its stance to neutral from accommodative at the beginning of the year. 
●    The central bank on Wednesday said it would retain its neutral stance, warning it expected inflation to rise but pinning further moves on the economic data.

Current Affairs 3rd August 2017: APPOINTMENT

Cricketer Harmanpreet Kaur to be appointed DSP by Punjab Government

The Punjab state government has initiated the process of appointing Indian all-rounder cricketer, Harmanpreet Kaur to the post of Deputy Superintendent of Police (DSP) in the state police.
●    The young star, whose astounding knock of 171 against Australia in the semi-finals steered India into the ICC Women's World Cup 2017 final, said that it was her childhood dream to work with the state police.
●    Kaur met Chief Minister Amarinder Singh on 2 August 2017 who directed the state Director General of Police (DGP) Suresh Arora to complete the necessary formalities for her appointment. 
●    DGP Suresh Arora said that after Kaur’s appointment to the force, they would be setting up a cricket team within the police department.

Current Affairs 3rd August 2017: WORLD NEWS

Donald Trump announces new immigration policy

President Donald Trump is touting new legislation to overhaul the US immigration system, drastically cutting the number of legal immigrants allowed into the country and implementing a "merit-based" visa scheme.
●    If passed, the RAISE Act would cut the number of immigrants allowed into the United States by 50 per cent over the next 10 years. 
●    It would eliminate diversity lottery visas and crack down on so-called "chain immigration" – visas provided based on family connections, rather than jobs skills.
●    Mr Trump promoted the act alongside Senators Tom Cotton and David Perdue on Wednesday, claiming it would "reduce poverty, increase wages, and save taxpayers billions and billions of dollars".

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