The Daily Brief – 11th August 2017

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The Daily Briefs are a comprehensive update of current affairs for the day. If you’d like to receive updates for current affairs every day, you’ll need to subscribe by entering your email address at the right side of this page. The previous Briefs can be accessed at the archives here. You can thank Aparajita Kaul in the comments below for this brief! Also, check out our test series!

  • M Venkaiah Naidu was sworn in as 13th Vice President of India. He was administered the oath of office by President Ram Nath Kovind at a ceremony in Rashtrapati Bhavan. He was elected as the Vice President after defeating opposition candidate Gopal Krishna Gandhi.
  • India and US are going to co-host the Global Entrepreneurship Summit at Hyderabad, Telangana from 28th to 30th November 2017. Ivanka Trump will be leading the American delegation.
  • The Lok Sabha has passed the State Banks (Repeal and Amendment) Bill, 2017. The bill seeks to repeal the two Acts namely State Bank of India (Subsidiary Banks) Act, 1959, and State Bank of Hyderabad Act, 1956. It also seeks to amend the State Bank of India (SBI) Act, 1955 to remove references to subsidiary banks and powers of SBI to act as an agent of the RBI for subsidiary banks.
  • Parliament has passed the Banking Regulation (Amendment) Bill, 2017 with the Rajya Sabha approving it. The Lok Sabha has already passed it. The bill will replace the Banking Regulation (Amendment) Ordinance, 2017 promulgated by President in May 2017.
  • The National Mission for Clean Ganga (NMCG) has approved ten projects in Uttar Pradesh, Bihar and West Bengal to the tune of about Rs. 2,033 crore. These were approved in the 5th meeting of the Executive Committee of NMCG.
  • The 15th edition of Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) ministerial meeting was held in Kathmandu, Nepal. It was inaugurated by PM of Nepal, Sher Bahadur Deuba and will be chaired by Deputy PM and Minister for Foreign Affairs Krishna Bahadur Mahara.

Today’s Quiz

  1. Where are India and US going to co-host the Global Entrepreneurship Summit this year?





2. What is the full-form of NMCG?  





3. Where was the 15th edition of Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) ministerial meeting held?





4. Who administered the oath to M Venkaiah Naidu for Vice President?









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