Current Affairs: Daily GK Update 05th July 2017

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1. Indo-Thailand joint military exercise begins in Himachal Pradesh

i. A 14-day joint military training exercise between India and Thailand started in Himachal Pradesh. The joint exercise of the Indian Army with the Royal Thailand Army commenced at Bakloh in Chamba district.
ii. The aim of this exercise is to build and promote closer relations while exchanging skills and experiences between the two armies. 'Exercise Maitree 2017' is a continuation of a series of joint exercises between the Indian Army and the Royal Thailand Army.
iii. The previous edition of the exercise was held at Krabi in Thailand in 2016.

Important Takeaways from Above-
  • A joint training exercise between the Indian Army and the Royal Army of Oman named Al Nagah-II 2017 also held in Himachal Pradesh in March 2017.
  • Bangkok is the capital of Thailand.
  • Its currency is Thai baht.

2. TERI ranked second among world's climate think tanks

i. An international body which focuses on climate policies has ranked The Energy Resources Institute (TERI) among the top think tanks in the world. TERI was ranked number two by the International Center for Climate Governance (ICCG).
ii. The New Delhi-based think tank was ranked under the category '2016 Top Climate Think Tanks in the Rest of the World--Absolute Global Rankings' during ICCG's 23rd annual conference of the European Association of Environmental and Resource Economists (EAERE) in Athens in Greece.

Important Takeaways from Above News- 
  • The Director General of TERI is Ajay Mathur. 

3. Karnataka launches ‘Elevate 100’ scheme for start-ups

i. The Karnataka government has launched the ‘Elevate 100’ scheme to identify and nurture innovative start-ups. The aim is to identify 100 most innovative start-ups in the state to elevate them to the next level of success.
ii. The Elevate scheme is the brainchild of the start-up cell, Karnataka Biotechnology and Information Technology Services (KBITS), to help start-ups across the state succeed by providing them with access to mentors, networking opportunities, and in-depth sessions for start-ups on accounting, and emerging technologies.

Important Takeaways from Above News-
  • Siddaramaiah is the CM of Karnataka.
  • Vajubhai Vala is the Governor of Karnataka.

4. New Israeli flower named after PM Modi

i. A new fast-growing Israeli flower was today named after Prime Minister Narendra Modi, in a special gesture to mark the first visit of an Indian PM to the Jewish nation.
ii. Israeli Crysanthumun flower will now be called “MODI”.

Important Takeaways from above News-
  • Benjamin Netanyahu is the PM of Israel.
  • The Capital of Israel is Jerusalem.
  • Israeli new shekel is the Currency of Israel.

5. Govt launches e-bidding portal for domestic coal-based IPPs

i. The Ministry of Power launched a portal for optimum utilization of domestic coal by independent power producer (IPP). An official statement said this web portal would save the consumer close to Rs. 20,000 crore five years down the line.
ii. Acc. to Union Minister Piyush Goyal, with the help of this portal, Producers can reduce power costs by 10 paise per unit by rationalizing coal supply made possible through the e-bid portal.

Important Takeaways from above News-
  • Piyush Goyal is the present Minister of State with Independent Charge for Power, Coal, New and Renewable Energy and Mines in the Government of India.

6. Unions to observe July 19 as ‘Save public sector banks’ day

i. The United Forum of Bank Unions has decided to observe July 19, the 48th anniversary of nationalization of major banks, as ‘Save public sector banks’ day.
ii. Members will wear a commemorative badge on the day, display posters in front of all branches, distribute leaflets and hold rallies/demonstrations at all centers across the country.

Important Takeaways from Above-
  • The Government of India issued an ordinance and nationalized the 14 largest commercial banks with effect from the midnight of 19 July 1969.
  • K.K.Nair is General Secretary of Indian National Bank Officers Congress.

7. Himachal Pradesh DGP Sanjay Kumar appointed new NDRF chief

i. Himachal Pradesh director general of police (DGP) Sanjay Kumar has been appointed as the new chief of the National Disaster Response Force (NDRF).
ii. The Union home ministry has approved the appointment of Mr. Kumar to the top NDRF post. The post of NDRF director general (DG) fell vacant after incumbent R K Pachnanda was appointed as the chief of the Indo-Tibetan Border Police (ITBP).

Important Takeaways from Above News- 
  • NDRF was formed in 2006.
  • It is headquartered in New Delhi.


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