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Important Current Affairs 4th August 2017

Important Current Affairs 4th August 2017

Current Affairs 4th August 2017: NATIONAL NEWS

Supreme Court denies immediate ban on ‘NOTA’

After rejecting the demands of political parties to do away with NOTA in the coming Rajya Sabha elections by poll panel, today Supreme Court refused a plea on immediate ban on None of the Above (NOTA). 
●    Notably, NOTA allows a voter to reject all candidates and was introduced in 2014.
●    A bench headed by Justice Dipak Misra questioned the petitioner for approaching the court late since the EC had taken a decision in January 2014 and in November 2015.
●    “When it suited you, you didn’t come to court, but you came to court, when it affected you,” the bench observed.
●    The court also said since the EC’s decision pursuant to the apex court’s verdict in PUCL case in 2013, NOTA was allowed in several elections and being a conscious political leader, the petitioner should have challenged the EC circular in 2015.
●    “We are not going to stay. We will only hear the constitutional issue, “the bench said asking the EC to file its reply by September 13.

Lok Sabha passes Banking Regulation (Amendment) Bill for resolution of non-performing assets

The Lok Sabha on 3 August 2017 passed the Banking Regulation (Amendment) Bill, 2017 by voice vote. 
●    The Banking Regulation Bill 2017 seeks to amend the Banking Regulation Act, 1949 and replace the Banking Regulation (Amendment) Ordinance, 2017, which was promulgated on 4 May 2017.
●    The bill seeks to empower the Reserve Bank of India (RBI) to issue directions to the banking companies to resolve specific stressed assets by initiating the recently enacted Insolvency and Bankruptcy Code, 2016 (IBC).
●    The bill seeks to insert provisions for handling cases related to stressed assets of banks. 
●    Stressed assets are loans where the borrower has defaulted in repayment or where the loan has been restructured.

L&T bags Rs 3375-crore Mauritius metro order

Engineering conglomerate Larsen & Toubro in August 2017 announced Rs 3375 crore (18.8 Bn MUR) worth metro order from the Mauritius government. 
●    The projects will be fully funded through a grant by Union Government and line of credit.
●    In a press statement, the company said, “L&T has won the order from Metro Express Limited which is owned by the Government of Mauritius to design and build an Integrated Light Rail-based Urban Transit System in the African island nation.”
●    The project comprises of a 26-kilometer route, which will connect Curepipe to Immigration Square in Port Louis.
●    The metro line will feature 19 stations, 2 of which will be state-of-the-art elevated stations.

Current Affairs 4th August 2017: SPACE SCIENCE

Israel launches its first environmental research satellite Venus

Israel launched its first environmental satellite into space in the early hours of Wednesday morning from the Centre Spatial Guyanais in French Guiana, along with a second satellite on a reconnaissance mission for Italy's defense ministry.
●    The country's first environmental satellite's name -- Venus -- is not a reference to the planet; it is rather the acronym for Vegetation and Environment monitoring on a New Micro Satellite, and is dedicated to monitoring the effects of climate change on vegetation.
●    It is an earth observation and exploratory mission of the Israel Space Agency (ISA) -- a government body sponsored by the country's Ministry of Science & Technology -- and the French CNES space agency .
●    The satellite will monitor fields and plots of land from space for environmental research purposes, while monitoring the state of land, vegetation, reforestation, agriculture, quality of water reservoirs and more.

Current Affairs 4th August 2017: SPACE SCIENCE

Manju Kumari secures bronze at Junior World Wrestling

India's Manju Kumari won the bronze medal with a 2-0 victory over Ilona Prokopevniuk of Ukraine in the Junior World Wrestling Championship in Tampere, Finland on Thursday.
●    However, Divya Tomar (44kg), Nandini Salokhe (51kg) and Pooja Devi (67kg) failed to make it to the medal round.
●    Manju, competing in 59kg, started her campaign off with a dominating 5-1 victory over Bulgaria's Aleksandrina Nikolaeva Kashinova in the 1/8 stage but was outclassed 0-10 by Japan's Yuzuru Kumano in her quarterfinal bout.
●    However, with the Japanese girl advancing to the final, Manju got another life in the form of repechage and she did not waste the opportunity.

Sardar Singh, Devendra Jhajharia recommended for Rajiv Gandhi Khel Ratna

Devendra Jhajharia today became the first paralympian to be recommended for India's highest sporting honour -- the Rajiv Gandhi Khel Ratna -- along with celebrated former hockey captain Sardar Singh.
●    Javelin thrower Jhajharia, the first Indian to win two Paralympic gold medals, was the first choice of the awards selection committee headed by Justice (Retd) C K Thakkar.
●    The committee has picked 31-year-old midfielder Sardar as its second nominee for the top honour and has suggested that both Jhajharia and Sardar be considered for the award jointly.
●    The 36-year-old Jhajharia two gold medals came in the 2004 Athens Games and last year's Rio Paralympics and he set new world records on both the occasions. He also won a gold medal at the 2013 World Championships.

Current Affairs 4th August 2017: APPOINTMENTS

Mohammad Mustafa appointed as CMD of SIDBI

Senior bureaucrat Mohammad Mustafa was on 3 August 2017 appointed as Chairman and Managing Director (CMD) of the Small Industries Development Bank of India (SIDBI). 
●    His appointment was approved by the Appointments Committee of the Cabinet (ACC) for a period of three years.
●    Prior to this appointment, Mustafa was working as a Joint Secretary in Department of Financial Services.
●    Mustafa is 1995 batch Indian Administrative Service (IAS) officer of Uttar Pradesh cadre.
●     Mohammad served as the Chairman of the Board of National Housing Bank in 2014-2015.
●    He has been a Non-Executive Nominee Director of Bank of Baroda since November 2014.

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