Current Affairs 26 July, 2017 –  Narendra Modi government approves construction of 30,000 affordable houses on private land:

NATIONAL

Narendra Modi government approves construction of 30,000 affordable houses on private land:

    The Centre approved construction of 30,000 houses for the urban poor on private land in Maharashtra’s Sholapur, the first such project to be taken up on private land under PMAY(U).

    The Housing and Urban Affairs Ministry also gave nod to central assistance of Rs 450 crore for the project under the Centre’s flagship programme Pradhan Mantri Awas Yojana (Urban).

Union Home Minister chairs first meeting of Islands Development Agency (IDA) IDA focuses on Holistic Development of Islands:

    The Union Home Minister Shri Rajnath Singh chaired the first meeting of the newly constituted Islands Development Agency (IDA). The IDA was set up on June 01, 2017 following the Prime Minister’s review meeting for the development of islands.

    The Union Home Minister presented the vision for developing India’s maritime economy while preserving the natural eco-system and addressing the security concerns. He emphasized upon the need for sustainable development of Islands with people’s participation.

Rajya Sabha passes Maritime Admiralty Bill:

    Parliament gave its nod to a bill that seeks to upgrade the law related to maritime claims, arrest and detention of ships and extends jurisdiction of trial to various courts across the country.

    The Admiralty (Jurisdiction and Settlement of Maritime Claims), 2017 seeks to repeal laws such as the Admiralty Court Act, 1861, the Colonial Courts of Admiralty Act, 1890.

Centre plans 7 lakh crore for highways:

    The Centre will invest about 7 lakh crore in developing national highways in the next five years, the Road Transport and Highways Ministry said.

INTERNATIONAL

Bolivia’s President Declares ‘Total Independence’ From World Bank And IMF:

    Bolivia’s President Evo Morales has been highlighting his government’s independence from international money lending organizations like IMF & World bank and their detrimental impact the nation.

Bolivia

  • Currency: Bolivian boliviano
  • Capital: Sucre

Zimbabwe’s Parliament passes bill amending constitution to give President sweeping powers to appoint judges:

    Zimbabwe’s Parliament has passed a bill amending the constitution to give the President sweeping powers to appoint the country’s top judges without consulting any other institution. If passed into law, the bill will give Robert Mugabe the sole responsibility to appoint the chief justice and their deputy.

Zimbabwe

Sri Lanka clears revised deal for Hambantota port:

    Sri Lanka’s Cabinet cleared a revised deal for the Chinese-built port in Hambantota, the government said. The modified agreement, the government added, was more profitable to Sri Lanka and also addressed security concerns raised by other countries.

Srilanka

  • Currency: Sri Lankan rupee
  • Capitals: Colombo, Sri Jayawardenepura Kotte
  • Prime minister: Ranil Wickremesinghe

BANKING & BUSINESS

Aurionpro launches a Bank in a Box to reduce branch expansion cost for banks:

    Aurionpro Solutions a global leader in digital innovation, enterprise security and banking solutions, announced its Branch-in-a-Box product, the Virtual Teller Machine (VTM) a fully integrated self-service kiosk for automating 90% of banking transactions at the branch level.

StanChart unveils forex card:

    Standard Chartered Bank has launched a Multi-currency Forex Card for overseas travellers. The card will allow customers the convenience of loading up to 20 widely used currencies on one card with an online reload facility during overseas travel.

Yatra acquires Air Travel Bureau to expand corporate travel business:

    Leading online travel company Yatra has acquired corporate travel service provider company Air Travel Bureau (ATB) for an undisclosed amount. Yatra said ATB is India’s ‘largest corporate travel services provider’ with gross bookings of Rs 1,500 crore and a client base of 400 companies in the country.

Reliance Defence delivers 2 patrol vessels to Navy:

    Sixteen months after Reliance Infrastructure subsidiary Reliance Defence and Engineering Ltd (RDEL) took control of Pipavav Defence and Offshore Engineering Company, two naval offshore patrol vessels (NOPVs) were launched at RDEL’s shipyard in Pipavav, Gujarat.

    The two NOPVs, named ‘Shachi’ and ‘Shruti’, are the first warships to be launched by a private sector shipyard in India, and were launched by Preeti Luthra, wife of Vice-Admiral Girish Luthra, Flag Officer Commanding-in-Chief, Western Naval Command.

APPOINTMENT & RESIGN

TPG’s Ajay Kanwal to join Janalakshmi Financial Services as CEO:

    Singapore-based private equity firm TPG’s senior advisor Ajay Kanwal is slated to join Janalakshmi Financial Services as chief executive from August 1, 2017.

    Janalakshmi, India’s largest MFI in terms of loan outstanding. Kanwal will replace VS Radhakrishnan, who will take over the role of vice chairman. The current vice chairman R Srinivasan is slated to take superannuation.

Yusuf Bashir, head of Infosys corporate venture arm, resigns:

    Former SAP SE executive Yusuf Bashir, who used to head Infosys Ltd’s $500 million corporate venture arm, has resigned from the Bengaluru-based company, according to three executives directly aware of the development.

AWARDS

Veteran actress Shakuntala Barua gets Mahanayak Samman 2017:

    West Bengal Chief Minister Mamata Banerjee conferred this year’s Mahanayak Samman 2017 to veteran actress Shakuntala Barua for her contribution to the world of cinema.

FINA honours Virendra Nanavati for contribution to swimming:

    The Chief Executive Officer of Swimming Federation of India, Virendra Nanavati, was recently honoured by FINA in Budapest. Nanavati is senior Vice President of Indian Olympic Association (IOA) and Chief Executive Officer of Swimming Federation of India (SFI).

Arunachalee wins Young Entrepreneur Award:

    Mahindra and Mahindra have conferred the prestigious National Award Young Entrepreneur Award to Wangchu Khrimey of Iconic Automobiles, Naharlagun. The award was presented by the President and CEO of Mahindra, Rajan Wadhera at a Company Annual event in Greece.

Arunachal Pradesh

  • Capital: Itanagar
  • Chief Minister: Pema Khandu
  • Governor: Padmanabha Acharya

SPORTS

Harmanpreet Kaur breaks into top 10, Jhulan Goswami No.2 bowler in ICC ODI rankings:

    Harmanpreet Kaur has made a jump of seven slots to move to sixth position in the latest ICC ODI Rankings for women batters.

    Among bowlers, world’s leading ODI wicket-taker Jhulan Goswami has gained four slots to reach second position.

‘Iron Lady’ Katinka Hosszu thrills home crowd by striking gold:

    Katinka Hosszu, roared on by her home crowd, held on to secure Hungary’s first gold medal at the 17th FINA World Championships, at Budapest, in Hungary after a thrilling women’s 200m individual medley final.

BOOK & AUTHOR

PM Modi releases book Selected Speeches of President Pranab Mukherjee:

    Prime Minister, Shri Narendra Modi, released the fourth volume of Selected Speeches of President Pranab Mukherjee in New Delhi.

HISTORIC EVENTS OF THE DAY

Kargil Vijay Diwas reminds us of India’s military prowess: PM Modi honours martyrs:

    On the occasion of 18th Kargil Vijay Diwas, Prime Minister Narendra Modi hailed the Indian armed forces for their sacrifices for the country and paid tribute to the 1999 war martyrs. Vijay Diwas is celebrated every year on July 26th.

July 24 Top 10 Current Affairs:

 

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