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Important Current Affairs of 3rd May

NATIONAL:

BSNL launches Bharat fibre for high speed broadband Internet service with local channel partner in Pulwama.

• ‘Bharat Fibre’, the state-owned telecom firm, BSNL (Bharat Sanchar Nigam Limited) became the 1st operator to start optical fibre-based high-speed broadband service in Pulwama.

• The Bharat Fibre services with reliable and high-speed internet are provided on the optical fibre by FTTH (fibre-to-the-home) service up to the customer premises.

The service was launched by BSNL Chief General Manager of Jammu and Kashmir Circle, Rana Ashok Kumar Singh, in the presence of Srinagar General Manager Telecom District Zafar Iqbal and BSNL’s channel partner, Mir Nazir.

• The Internet services generally remain unaffected even during the vagaries of weather.

BSNL provides the FTTH service with a monthly charge of Rs 777-16,999 in around 160 telecom districts with a minimum speed of 2 megabit-per-second (Mbps).

The ‘Bharat Fibre’ service launched on a revenue sharing basis in a business collaborative model with the local channel partner of Pulwama area.

PayPal India launched One Touch with the help of Google Smart Lock for seamless transactions.

• PayPal India used Google Smart Lock and launched its OneTouch experience in India.

OneTouch feature permits Indian consumers to register their android device with PayPal and stay logged into PayPal for further PayPal purchases on that device, thus removing the issue of repeated log-ins and enabling a seamless payments experience.

The integration with Google Smart Lock will offer a hassle-free payment procedure as well as maintain security to prevent fraud.

• India becomes the first market where the feature of Google Smart Lock has been integrated.

• PayPal’s Buyer Protection feature will provide an extra layer of security to this feature for eligible transactions, that is, if items that are purchased online mismatch with the description of the product that was sold, the Buyer Protection feature enables them to claim a refund for eligible transactions.

Godrej Properties buys Mumbai's iconic RK studio.

• Godrej Properties Ltd (GPL) on Friday said it has bought Mumbai's iconic R.K. Studios, founded by legendary film actor Raj Kapoor, for an undisclosed amount.

• The company will develop the property, spread across 2.2 acres, into a project spanning 0.35 million sq ft of saleable area comprising modern residential apartments of various configurations as well as a luxury retail experience, Godrej Properties said in a filing to the BSE.

DAYS:

World Press Freedom Day is celebrated on 3rd May

• World Press Freedom Day is celebrated on 3rd May every year. It was started by theUN General Assembly in 1993, on a recommendation from UNESCO. The day aims to celebrate the fundamental principles of press freedom, assess its state around the world, defend the media from attacks on their independence and to pay tribute to journalists who have laid down their lives in the exercise of their profession.

• The theme for this year's World Press Freedom Day is Media for Democracy: Journalism and Elections in Times of Disinformation. The theme discusses current challenges faced by media in elections, along with the media’s potential in supporting peace and reconciliation processes. UNESCO's mandate is freedom of the press and freedom of expression. UNESCO believes that these freedoms allow for mutual understanding to build sustainable peace.

SPORTS:

India retains top spot in ICC Test rankings.

• India retained its top position in the ICC Test rankings while England remained the number one ODI side in the latest annual rankings released in Dubai.

New Zealand secured second place in Test series.

• India bagged prize money of USD 1 million

• New Zealand bagged USD 500,000.

• South Africa finished third with 105 points

Australia finished fourth with 104 points winning prize money of USD 200,000 and USD 100,000 respectively.