25 July 2017 Current Affairs

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25 Jul, 2017

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1) What is the name of the giant naval aircraft carrier that was commissioned into the US Navy on 22 July 2017 that is the most expensive aircraft carrier in the world? – USS Gerald Ford

Explanation: USS Gerald Ford is the name of the next-generation naval aircraft carrier that cost $12.9 billion and is the most expensive naval carrier till date. It was commissioned into the US Navy by President Donald Trump at Naval Station Norfolk, Virginia on 22 July 2017.

The giant ship has been named after Gerald Ford, the 38th President of the United States. It is 337m (1106 ft.) in length and incorporates advanced technology and operational systems that will allow aircraft take off and land more quickly, with a smaller crew and improved chances of survival against attack.

It is capable of launching 220 airstrikes a day, i.e., one every six minutes. The ship’s ability to launch so many airstrikes is thanks to electromagnetic force, which propels the jets forward at incredible speeds.

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2) A Bill to authorise the RBI to direct banking companies to resolve the problem of stressed assets was introduced in the Lok Sabha on 24 July 2017. This bill seeks to replace which ordinance? – Banking Regulation (Amendment) Ordinance, 2017

Explanation: Union Finance Minister Arun Jaitley on 24 July 2017 introduced the Banking Regulation (Amendment) Bill, 2017. The bill seeks to amend the Banking Regulation Act, 1949 and replace the Banking Regulation (Amendment) Ordinance, 2017.

The Banking Regulation (Amendment) Ordinance, 2017 was promulgated in May 2017. It is worth mentioning that the RBI had in June 2017 identified 12 large loan defaulters who account for 25% of the total bad loans in the banking sector.

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3) Prof. U.R. Rao, often called the grand old man of Indian space programme, passed away on 24 July 2017. He was Chairman of ISRO during which period? – From 1984 to 1994

Explanation: Prof. Udupi Ramachandra Rao (U.R. Rao) was the fourth Chairman of Indian Space Research Organisation (ISRO) and headed it during its critical formative years between 1984 and 1994.

He was involved in all ISRO missions till date in one capacity or the other. ISRO credits him with establishing the development of indigenous satellite technology, giving thrust to early rocket development efforts with the ASLV and the PSLV.

He initiated the development of the medium powered GSLV rocket for two-tonne spacecraft in 1991. It was during his time that India was denied the Russian cryogenic technology for the GSLV’s upper third stage.

He is the only Indian to date to have been inducted into the Satellite Hall of Fame, Washington, in 2013 by the Society of Satellite Professionals International. He was awarded the Padma Shri in 1976 and the Padma Vibhushan, India’s second highest civilian honour, this year (2017).

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4) The CCEA during July 2017 gave its in-principle approval for the sale of government’s how much stake in PSU oil-marketing company HPCL to the ONGC? – 51.1%

Explanation: According to an announcement made by Union Petroleum Minister Dharmendra Pradhan in the Lok Sabha on 24 July 2017, the Cabinet Committee on Economic Affairs (CCEA) has given its in-principle approval for the sale of the government’s 51.11% stake along with the management control of Hindustan Petroleum Corporation Ltd. (HPCL) to the Oil and Natural Gas Corporation Ltd. (ONGC).

But after this stake sale HPCL will continue as a public sector undertaking (PSU). The proposed acquisition in the oil sector will create a vertically integrated public sector oil major company having presence across the entire value chain.

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5) Which Indian player won the men’s singles title of US Open Grand Prix Badminton Gold on 23 July 2017 to win his third grand prix gold title? – H.S. Prannoy

Explanation: Indian badminton player H.S. Prannoy clinched the third grand prix gold title of his career by defeating country-mate Parupalli Kashyap in the final of the US Open Grand Prix Badminton Gold on 23 July 2017. He defeated Kashyap in three games by 21-15, 20-22, 21-12.

On their way to the final, Prannoy had notched up a 21-14, 21-19 win over Vietnam’s Tien Minh Nguyen in the first semi-final while Kashyap on the other hand, earned a hard-fought 15-21, 21-15, 21-16 win over South Korean Kwang Hee Heo in the second semifinal.

This was Kashyap’s first major final in 21 months.

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