Thursday, 27 July 2017

Daily Update On Current Affairs - July 27, 2017

current affairs
Here's your daily summary of Current Affairs.

Nitish Kumar resigns as Bihar Chief Minister

Bihar Chief Minister Nitish Kumar resigned from his post on the 26th July, citing irreconcilable differences with ally RJD on the issue of corruption charges against his deputy Tejashwi Prasad Yadav. Talking to reporters outside Raj Bhavan in Patna after submitting his resignation to Governor Keshri Nath Tripathi, Mr Kumar said, present circumstances compelled him to resign from his post

Nation remembers Kargil martyrs on Vijay Diwas  
The nation celebrated the 18th Anniversary of the ‘Kargil Vijay Diwas' on the 26th July. On 26th of July, 1999, the Indian Army successfully took back its posts from Pakistan at a treacherous high altitude and glaciated terrain across the Himalayas in the Ladakh region, after fighting for 60 days. More than 500 Indian soldiers had sacrificed their lives.

Reliance Defence and Engineering Ltd launches first two Navy ships Shachi and Shruti

Reliance Defence and Engineering Limited (RDEL) launched the first two Naval Offshore Patrol Vessels (NOPVs) — Shachi and Shruti at their shipyard in Pipavav, Gujarat. These two NOPVs are the first warships to be launched by a private sector shipyard in India. These ships are part of a five-ships being constructed for the Indian Navy under the P-21 project.

Lucknow Metro to be the first Metro in the Country to have its own FM Radio      

Lucknow Metro will be the first Metro in the country to have its own FM Radio. It will also offer free Drinking water and Toilets on board. It will also offer free Wifi to all its customers at all its stations, with a smart card. The metro is expected to cover 140 kms in the city over four phases in a span of 25 years. It is expected to be the fastest built Metro Rail system in the world and the most economical high-speed mass transport system in India. 

Madras High Court makes Vande Mataram Compulsory in Schools, Colleges, Government and Private Offices

The Madras High Court has made it mandatory for Vande Mataram to be sung in all schools and colleges “at least once a week”(preferably on Monday or Friday) and in all Government and Private Offices “at least once a month." The Court also added that if any person or organisation is not willing to sing the song, then they shall not be compelled to do so if they have valid reasons to not sing the song.

New Saudi blacklist disappointing: Qatar     

Qatar said today that a new blacklist released by Saudi Arabia and its allies came as a disappointing surprise in a diplomatic crisis that has split the Gulf. The four Arab Governments named 18 organisations and individuals yesterday that they accused of links with Islamist extremism and Qatar. The move by Saudi Arabia, the United Arab Emirates, Egypt and Bahrain came despite mounting international pressure to compromise in their weeks-old boycott of their fellow US ally.

Nifty closes above 10,000-mark for the first time 

The Nifty at the National Stock Exchange gained 56 points, to close at a record high of 10,021, on the 26th July 2017. This is the first time ever that the Nifty has closed above the 10,000-mark. The Sensex at the Bombay Stock Exchange climbed 154 points, or 0.5 percent, to also hit a lifetime peak of 32,382.

Cabinet approves revision of guidelines of Sovereign Gold Bonds Scheme  

The Cabinet today approved the revision of guidelines of Sovereign Gold Bonds Scheme with a view to achieving its intended objectives. Specific changes have been made in the attributes of the scheme to make it more attractive, mobilise finances as per the target and reduce the economic strains caused by imports of gold and reduce the Current Account Deficit. Flexibility has been given to Ministry of Finance to design and introduce variants of Sovereign Gold Bonds with different interest rates and risk protection or payoffs that will offer investment alternatives to a different category of investors. Ministry of Finance which is the issuer, has been delegated the power to amend or add to the features of the Scheme with the approval of the Finance Minister to reduce the time lag between finalizing the attributes of a particular tranche and its notification. 

Inflation to rise to 4.4 % in the second half of 2017: Nomura

According to a report from Nomura, the inflation in India is expected to rise to 4.4% in the second half of 2017, from the low levels of June. The sharp moderation in the CPI in food inflation in the second half of 2016 will create adverse base effects and hence make the inflation rise in 2017.

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