Current Affairs Daily Digest – July 25′ 2017


 

  1. Ram Nath Kovind sworn in as President

Ram Nath Kovind swore in as the 14th President of India at Rashtrapati Bhawan in a glittering ceremony.

Kovind was administered the oath of office and secrecy by Chief Justice of India J S Khehar. He exchanged seats with Pranab Mukherjee and a 21-gun salute followed as the new President Kovind made his first address.

  1. Uber appoints Sanjay Gupta as Head of Marketing for India operations

Global ridesharing app Uber has appointed Sanjay Gupta as the Head of Marketing for its India operations.

Gupta, who has over 15 years of experience, comes from online furniture portal Urban Ladder, where he was the chief marketing officer. He has also worked with Marico in the past, where he was responsible for the growth of its edible oils brand Saffola.

  1. Walmart India appoints Devendra Chawla as COO

Walmart India has roped in former CEO of Future Consumer Devendra Chawla as its chief operating officer, according to a person familiar with the development.

Chawla, who had last week quit from Future Consumer—a part of Kishore Biyani-led Future Group, will join as COO of merchandising, marketing and omnichannel function at Walmart India. He will report to Walmart India CEO Krish Iyer.

  1. GoDaddy appoints Nikhil Arora as VP and MD of India operations

GoDaddy has announced the appointment of Nikhil Arora as Vice President and Managing Director for its India operations. In this role, Arora will lead corporate strategy, business development and customer experience for GoDaddy in the country.

With its focus on digitisation India is a key market for the cloud platform as more and more small to medium businesses (SMBs) are choosing to go online to grow their ventures.

GoDaddy helps SMBs build and grow their businesses online, offering an integrated suite of online products and services and is currently top the market share in India, according to the National Internet Exchange of India (NIXI).

  1. Aishwarya Rai Bachchan to be honoured at Indian Film Festival Of Melbourne

Priyanka Chopra will be the guest of honour at the Toronto International Film Festival (TIFF) annual soireee on 6 September.

Priyanka recently made her Hollywood movie debut with Baywatch alongside Dwayne Johnson and Zac Efron. The festival will run from 7 to 17 September.

Actress Aishwarya Rai Bachchan will be felicitated at the Indian Film Festival of Melbourne (IFFM) for her contribution to global cinema.

  1. India Gets Its First R&D Facility For BS-VI Fuels

India has launched its first petroleum Research & Development (R&D) facility for testing high-end BS-VI quality fuel emissions. Operated by state-run Indian Oil Corp (IOC), the R&D facility is designed to test all types of fuel including petrol, diesel, ethanol-blended petrol, bio-diesel, CNG, LNG, hydrogen-CNG and 2G-ethanol blends to ensure they meet the superior BS-VI norms that are to be implemented across the country by April 2020.

This “first-of-its kind” facility was inaugurated by Petroleum Minister Dharmendra Pradhan in Faridabad in the National Capital Region (NCR).

  1. Manish Sisodia flags off GST mobile vans to address traders’ concerns in Delhi

The Delhi government has flagged off six mobile vans that will go across city markets to raise awareness on the goods and services tax (GST) and address concerns of traders regarding the new tax regime.

The ‘GST awareness mobile vans’ were flagged off by finance minister Manish Sisodia from the Delhi Secretariat here and have senior officials of the trade and taxes department on board.

These vans would run through different markets across the city for around 15 days and the officials would address the issues raised by traders.

  1. 315th Sainik Rest House opened in Delhi

Defence Minister Arun Jaitley has inaugurated the 315th Sainik Rest House of the Kendriya Sainik Board (KSB) here aimed to provide facilities for former servicemen.

The minister expressed hope that the rest house, built at Naraina tri-junction near Delhi Cantonment area in west Delhi at a cost of around Rs 8 crore, would be the beginning of an initiative.

The KSB will be able to expand on these in the years to come so that such facilities become an integral part of facilities for ex-servicemen.

  1. New payments, bank launched in India, Fino Payments Bank

India has seen the launch of its fourth payments bank, Fino Payments Bank. It joins Airtel Payments Bank, India Post Payments Bank and Paytm Payments Bank.

For its core banking system, the bank uses Profile from FIS, delivered on a hosted basis. The same system and set-up are already used by a number of other Indian banks, including North East Small Finance Bank and Bharatiya Mahila Bank.

Fino was originally set up as a domestic remittance and paytech company in 2006 and has been profitable since 2010. It received the authorisation from the Reserve Bank of India (RBI) to operate as a bank in March 2017.

  1. Bill introduced to replace Banking regulation ordinance

Finance minister Arun Jaitley introduced in the Lok Sabh the Banking Regulation (Amendment) Bill, 2017, which empowers the Reserve Bank of India (RBI) to resolve stressed assets clogging the banking system.

This bill seeks to amend the Banking Regulation Act, 1949 and replace the Banking Regulation (Amendment) Ordinance, 2017, which was promulgated on 4 May.

It gives power to the Reserve Bank of India (RBI) to ask any bank to initiate insolvency proceedings and give directions for resolution of stress assets.

  1. IIM Lucknow signs MoU with HPCL to promote energy start-ups

Indian Institute of Management, Lucknow (IIM-L) and Hindustan Petroleum Corporation Limited (HPCL) have signed a Memorandum of Understanding (MoU) for incubating innovative ideas and business start-ups in the domestic energy sector.

Under the tie-up, the selected start-ups would be provided with seed funding and incubated at IIM-L Enterprise Incubation Centre (L-INCUBATOR). The MoU was signed recently during Startup Pitch Day at the Noida campus of IIM-L.

  1. China Opens Cinema Theatre In South China Sea Island

China has opened a modern cinema theatre on Yongxing Island in the disputed South China Sea as part of its plan to establish authority over the area.

Over 200 residents and soldiers watched the Chinese movie ‘The Eternity of Jiao Yulu’ yesterday at the Sansha Yinlong Cinema, located in Sansha municipality, China’s newest city in the South China Sea (SCS).

  1. World’s first floating wind farm emerges off coast of Scotland

The revolutionary technology will allow wind power to be harvested in waters too deep for the current conventional bottom-standing turbines.

The Peterhead wind farm, known as Hywind, is a trial which will bring power to 20,000 homes.

Manufacturer Statoil says output from the turbines is expected to equal or surpass generation from current ones.

  1. Boxer Sachin strikes gold at Commonwealth Youth Games

World youth champion Sachin Siwach was the lone Indian boxer to clinch a gold medal at the Commonwealth Youth Games in Bahamas.

Siwach, who won a world youth gold last year, defeated Welsh boxer James Nathan Probert 4-1 in the final to claim the gold in the light flyweight (49kg) category.

  1. Jordan Spieth Clinched British Open Title

Jordan Spieth clinched his third major title of the year in the form of the British Open by defeating fellow American Matt Kuchar by three strokes in an epic duel at Royal Birkdale. It was one hell of a final round and Spieth somehow survived it.

Spieth finished on 12-under for the tournament by carding a one-under-par final round of 69, however, after three days of consistent golf by the American, it was a remarkable day of highs and lows for the 23-year-old.

  1. Mithali named captain of ICC Women’s World Cup team

Mithali Raj, whose inspired leadership helped India reach the final of the ICC Women’s Cricket World Cup, has been named skipper of the tournament XI announced.

The India skipper led from the front, hitting a century and two half-centuries, with the high point of her leadership being the 36-run victory over six-time champions Australia in the semifinals.

  1. Padma Vibhushan awardee professor Yash Pal dies at 90

Eminent Indian scientist and Padma Vibhushan awardee Professor Yash Pal, passed away at the age of 90 at his residence in Noida.

He was known for his contributions to the study of cosmic rays, as well as for being an institution-builder. In his later years, he has become one of the leading science communicators of the country.

He began his career at Tata Institute of Fundamental Research (TIFR) and later served as the chairman of the University Grants Commission from 1986 to 1991. Pal was awarded the Padma Vibhushan in 2013.

 

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Read Current Affairs Daily Digest For June 2017

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