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Monday, July 3, 2017

Current Affairs July 01, 2017

1. GST comes into force after 17 years of debate
The Goods and Services Tax (GST), India's biggest tax reform since independence came into force on July 1 after 17 tumultuous years of debate,
The new tax regime was ushered in at a late night event in the historic Central Hall of Parliament.
Prime Minister Narendra Modi termed the new levy as "good and simple tax" that marks economic integration of India.
India is 161st country to launch GST.

2. PM Modi inaugurates filling of Aji Dam at Rajkot by Narmada water
The Prime Minister, Shri Narendra Modi has inaugurated the filling of Aji Dam near Rajkot under Sauni Yojana.
He launched two water supply projects worth 552 crore rupees at Modasa town in Aravalli district of Gujarat.
These water supply projects will benefit more than 8 lakhs residents of the hilly district.

3. SIERRA ODC building in Coimbatore gets world’s second highest green rating
SIERRA ODC building has been recognised as the world’s second highest ranking Green Building, with a score of 103 out of 110 under LEED certification.
The three-storeyed building has been designed and constructed with an emphasis on increasing the efficiency of resource use  while reducing its impact on human health and the environment.

4. TransStadia officially launched by PM Modi
Indian Prime Narendra Modi formally inaugurated TransStadia in Ahmedabad, Gujarat.
The multi-purpose sports complex also hosts a 20000 seater state-of-the-art football stadium, the first of its kind in the state.
The facility's formal inauguration comes nearly eight months after it first hosted a global sports event.
The Arena by TransStadia is a Rs. 550 crore project, built on a unique Public Private Partnership (PPP) model, and is hailed as India's first convertible stadium.

5. Prime Minister inaugurates Textiles India 2017
The Prime Minister, Shri Narendra Modi inaugurated Textiles India 2017, India’s first ever mega textiles trade fair, being held at Gandhinagar, Gujarat.
Addressing the gathering at Mahatma Mandir, Gandhinagar, the PM said that based on Make in India, the textile industry is being infused with the mantras of 'skill,scale,speed' & 'zero-defect, zero-effect'.
The PM had earlier inaugurated the Textiles India exhibition, organized at Helipad Ground, Gandhinagar.

6. Interest rates on small savings, PPF to be lowered by 0.1 per cent
The government has announced to reduce the interest rate on small saving schemes like PPF, Kisan Vikas Patra and Sukanya Samriddhi by 0.1 per cent for the July-September quarter,.
However, the interest on saving deposits has not been changed and it remains at 4 per cent annually.
Investments in the public provident fund (PPF) scheme will fetch lower annual rate of 7.8 per cent.
The Kisan Vikas Patra (KVP) investments will yield 7.5 per cent and mature in 115 months.
The one for girl child savings, Sukanya Samriddhi Account Scheme, will offer 8.3 per cent annually.
The investment on 5-year Senior Citizens Savings Scheme will yield 8.3 per cent. Interest rate on the senior citizens scheme is paid quarterly.

7. SN Subrahmanyan takes charge as L&T CEO & MD 
SN Subrahmanyan will take charge as the CEO and Managing Director of Larsen & Toubro from July 1, which will also mark the end of nearly two-decade-long tenure of A M Naik at the helm.
The appointment was approved by the company board on April 7 and marks a major change in leadership positions at L&T where Naik has served for over 52 years, including as its head for over 17 years.
Subrahmanyan is currently the Deputy Managing Director and President of the company.

8. R K Pachnanda takes charge as Director General, ITBP
R K Pachnanda, IPS takes charge as the new Director General of Indo-Tibetan Border Police (ITBP).
Shri Krishna Chaudhary, DG who retired on superannuation, handed over the customary baton to Shri Pachnanda.
Shri Pachnanda is the 29th Chief of the ITBP.

9. Narendra Kumar Sinha assumes charge as Secretary I&B
Shri Narendra Kumar Sinha, IAS (Bihar: 1980) assumed charge as Secretary in the Ministry of Information & Broadcasting on transfer of Shri Ajay Mittal, IAS.
Prior to his appointment, Shri Sinha was Secretary, Ministry of Culture, Government of India. 

10. KK Venugopal is the new Attorney General for India
Senior Advocate and Constitution Law Expert KK Venugopal has been appointed the 15th Attorney General for India.
Venugopal succeeds Mukul Rohatgi, who stepped down after his first term ended on June 11.

11. Vijay Keshav Gokhale appointed economic relations secretary in MEA
Senior diplomat Vijay Keshav Gokhale was appointed as the economic relations secretary in the Ministry of External Affairs (MEA).
Gokhale, a 1981-batch officer of Indian Foreign Service (IFS), is at present India's envoy to China.
He was the High Commissioner of India to Malaysia from January 2010 to October 2013.

12. Health Ministry’s mobile app eVIN wins GSMA Asia Mobile Award
Indigenously developed mobile application for digitising vaccine logistics, eVIN, has won the prestigious GSMA Asia Mobile Award 2017 (AMO) for outstanding contribution to the UN’s sustainable development goals in Asia.
The Electronic Vaccine Intelligence Network (eVIN) is an online real-time vaccine logistics management system developed and implemented by the Ministry of Health and the United Nations Development Programme (UNDP).
eVIN is presently being implemented across 12 states in the country and aims to support the government’s Universal Immunization Programme.

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