Monday, 7 August 2017

Daily Update On Current Affairs - August 06, 2017

current affairs

Here's your daily summary of Current Affairs.

Venkaiah Naidu will be the new Vice President of India, to take oath on 11th of August

Former Union Minister M Venkaiah Naidu will be the new Vice President of India as he defeated Gopal Krishna Gandhi by 272 votes. Voting to elect the 13th Vice President was conducted today with 98.21 percent polling recorded. There was a straight fight between NDA's candidate M Venkaiah Naidu and Opposition nominee Gopalkrishna Gandhi. Briefing media in New Delhi, Returning Officer Shemsher K Sharif said Mr Naidu received 516 votes against Gopalkrishna Gandhi's 244 votes. 771 votes out of 785 votes were cast in the elections. 14 MPs did not cast their votes. The newly elected Vice President will take oath on the 11th of August.

Economist Rajiv Kumar to be the new Vice Chairman of NITI Aayog 

Economist Rajiv Kumar will be the new Vice Chairman of NITI Aayog. He will succeed Arvind Panagariya, the first Vice Chairman of the NITI Aayog. Panagariya had recently resigned from his post.
Green Airports in the Country

The Civil Aviation Ministry is pushing to make more airports in the country go green. Proposals have been approved to install solar power plants in Tirupathi and Vizag airports. Already, Cochin Airport has become the first Indian airport to go completely green and is completely powered by solar energy.

India’s forex reserves reach all time new high

India's foreign exchange reserves have surged by 1.536 billion US Dollars to touch a fresh lifetime high of 392.867 billion dollars in the week ended 28th July 2017. A RBI release said that foreign currency assets, a major part of the overall reserves rose by 1.609 billion dollars to 368.759 billion dollars. In the previous week, the reserves had increased by 2.27 billion dollars to 391.33 billion dollars. Gold reserves remained unchanged at 20.35 billion dollars. India's special drawing rights with the International Monetary Fund went up by 3.9 million dollars to 1.495 billion dollars, while the country's reserve position declined by 77.2 million dollars to 2.263 billion dollars.

Canara Bank comes out with issue of overseas bonds worth $400 million

The Bengaluru based Canara Bank has entered the overseas Bond market with an issue of $400 million, with a tenor of five years. Bonds will be issued through the London branch of Canara Bank and will be listed on the Singapore Stock Exchange. Moody’s has assigned a Baa3 rating to the issue which is on par with the sovereign rating.

Companies to disclose Bank defaults within a day: SEBI 

SEBI has asked companies to disclose information about the status of their Bank loans informing about the default of their principal or interest within a day. This will be effective from October 1st, 2017. Companies will need to inform the exchanges about the name of the Bank, the amount of principal and interest they have defaulted to the exchanges.

Hassan Rouhani was sworn-in as President of Iran for another four-year term

President Hassan Rouhani was sworn in as president for another four-year term at the Iranian parliament in Tehran this evening. Rouhani was re-elected for a second term in office on 19th of May, sweeping over 23 million or 57 percent of the votes.

U.S. formally notifies U.N. of intention to withdraw from the Paris Climate Pact

The U.S. has submitted its formal communication to the U.N., indicating that it will withdraw from the 2015 Paris Climate agreement as soon as possible, the U.S. State Department has said. The communication is in line with the decision announced by President Donald Trump recently, which was one of his key electoral promises. In a media statement, the State Department said the U.S. submitted a communication to the U.N., in its capacity as depositary for the 2015 Paris Agreement, regarding the U.S. intent to withdraw from the Paris Agreement as soon as it is eligible to do so, consistent with the terms of the agreement.

S. Aparna appointed Executive Director of World Bank    

S. Aparna, an IAS officer from Gujarat cadre has been appointed as Executive Director, World Bank to represent the constituency of India, Bangladesh, Bhutan and Sri Lanka for three years. A 1988-batch IAS, she is currently Principal Secretary to Gujarat Chief Minister Vijay Rupani. At the World Bank, she will replace Subhash Garg, who was recently appointed Economic Affairs Secretary, Ministry of Finance. The Appointments Committee of the Cabinet (ACC) headed by Prime Minister Narendra Modi cleared Ms. Aparna’s name for the position and her appointment order was issued by the Department of Personnel and Training (DoPT) Saturday late night. Among the top positions she held in Gujarat includes Principal Secretary, Economic Affairs, Surat Municipal Commissioner and Joint Secretary, urban development at the Centre.

Ankur Mittal clinches Gold Medal in Asian Shotgun Championship

Indian shooter Ankur Mittal clinched the individual as well as the team gold medal in men's double trap at the 7th Asian Shotgun Championship. At Astana, Kazakhstan, Mittal shot 71 in the six-man final to finish at the top of the podium. With scores of Sangram Dahiya and Mohammad Asab added to Mittal's final total, India managed to bag the top prize in the team event also. Dahiya had a score of 43 and Asab had shot 34.

Justin Gatlin stuns Usain Bolt to win 100m world title

Jamaica’s Usain Bolt was denied a fairytale ending to his career, as he was beaten by Americans Justin Gatlin and Christian Coleman in the men’s 100 final at the IAAF World Championships. Bolt was competing in his last 100m final before retiring. His last race, however, will be on August 12, where he will look to bring gold for his country in the 4x100m relay event. Justin Gatlin first became the men’s 100m world champion in 2005. Now 35, he was handed two drug bans in his career.

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