Current Affairs – July 31, 2019

Here’s your daily summary of Current Affairs – July 31, 2019

National - Current Affairs - July 31, 2019

Odisha Secretariat renamed Lok Seva Bhavan

1c - Current Affairs - July 31, 2019
Odisha Chief Minister Naveen Patnaik on Monday announced in the State Assembly that the Sachivalaya or Secretariat building in Bhubaneswar will now be called ‘Lok Seva Bhavan’. “In a democracy people are masters and we all exist to serve them,” said Mr. Patnaik while making the announcement during the budget discussion on the expenditures of the home and general administration departments. The Odisha secretariat building was inaugurated on November 12, 1959, by the then Union Home Minister Govind Ballabh Pant.


Landing Craft Utility L56 Commissioned into Indian Navy in Visakhapatnam

2 - Current Affairs - July 31, 2019
Indigenously built Landing Craft Utility L56, the sixth ship of the LCU MK IV class, was commissioned into the Indian Navy. It was commissioned into the Navy by Flag Officer Commanding-in-Chief, Eastern Naval Command Vice Admiral Atul Kumar Jain at a ceremony held at the Naval Dockyard in Visakhapatnam.
LCU 56 is an amphibious ship with its primary role being transportation and deployment of Main Battle Tanks, Armoured Vehicles, Troops and Equipment from ship to shore and vice versa, according to a Navy release. LCU L56 would be administered and based in Port Blair under the NAVCC in ANC. With a displacement of 900 tons, the ship measures 62 meters in length and is fitted with two MTU diesel engines, which provide a sustainable speed of over 15 knots.


After West Bengal, Odisha gets GI tag for its version of Rasagola

3 - Current Affairs - July 31, 2019
The rasagola, a popular dessert of Odisha, has received the geographical indication tag from the Registrar of Geographical Indication after years of controversy around the sweet. The registration was conferred to ‘Odisha Rasagola’ under Section 16(I) or of authorized Section 17(3)(c) of Geographical Indication of Goods (Registration and Protection) Act 1999 on Monday. The GI number 612 has been registered in favour of the Odisha Small Industries Corporation Limited (OSIC Limited), a government of Odisha undertaking and Utkal Mistanna Byabasayee Samiti, a traders’ organization, in the foodstuff category.


Northeast Frontier Railway introduces Pink coaches for female passengers

4 - Current Affairs - July 31, 2019
Northeast Frontier Railway zone of Indian Railways has introduced pink coaches in trains to particularly facilitate the female passengers. Only female passenger can travel in the Pink Coach. This has been done to ensure better safety and security of women. As per Section 58 of the Railways Act, 1989, there has been mention on earmarking of female passengers’ accommodation it trains and it is as per the law.


Business - Current Affairs - July 31, 2019

RBI eases ECB norms for corporates, NBFCs

5 - Current Affairs - July 31, 2019
The Reserve Bank of India July 30 relaxed the end-use stipulations under external commercial borrowings framework for corporates and non-banking financial companies (NBFCs). Based on the feedback from stakeholders and with a view to further liberalize the ECB framework, it has been decided, in consultation with the Government of India, to relax the end-use restrictions relating to external commercial borrowings for working capital requirements, general corporate purposes and repayment of rupee loans.


Govt increases authorized capital of Indian Overseas Bank by Rs 5,000 crore

6 - Current Affairs - July 31, 2019
The government has increased the authorized capital of Indian Overseas Bank (IOB) by Rs 5,000 crore, enabling it to shore up its capital adequacy by issuing share capital. The state-owned lender said that the government, after consulting the Reserve Bank of India, has increased its authorized capital from Rs 10,000 crore to Rs 15,000 crore. The increase in authorized capital will enable the Bank to take steps to shore up its capital adequacy by way of issue of share capital including in case of further capital infusion by the Government.


Airtel unveils e-governance platform ‘SWAN’ for Uttar Pradesh

7 - Current Affairs - July 31, 2019
Bharti Airtel has designed and implemented a future-ready state wide area network (SWAN) for the state government of Uttar Pradesh as part of the Centre’s e-governance initiative. UPSWAN 2.0, which is one of the largest of its kind in India, was launched by Deputy Chief Minister Dinesh Sharma. “Under the leadership of Prime Minister Narendra Modi, India is undergoing a digital transformation and empowering its citizens through e-governance,” said Alok Sinha, Additional Chief Secretary, Commercial Tax, IT and Electronics.


Jio becomes India’s biggest telecom company

8 - Current Affairs - July 31, 2019
Within three years of starting its commercial operations, Reliance Jio has become the country’s largest telecom operator with a subscriber base of 331.3 million, surpassing Vodafone Idea which reported a decline in its user base to 320 million by June 2019. According to the financial results reported by Reliance Industries last week, its subsidiary Reliance Jio had a user base of 331.3 million by June 2019.
Mukesh Ambani-led firm Jio had pipped Bharti Airtel in May to become the second-largest mobile operator with 322.9 million users and 27.80 percent market, according to Trai data. Airtel had 320.38 users or 27.6 percent market share. Vodafone Idea reported a decline in its customer base to 320 million in the first quarter of 2019-20 from 334.1 million in the March quarter.


International - Current Affairs - July 31, 2019

India, Russia sign Rs 1,500 crore deal for air-to-air missiles to be used by Su-30

9 - Current Affairs - July 31, 2019
Boosting its capabilities in beyond visual range warfare, India has signed a deal worth around Rs 1,500 crore to acquire R-27 air-to-air missiles from Russia to be equipped on the Su-30MKI combat aircraft. The Russian missiles with an extended range would give an added capability to the Sukhois to take on enemy aircraft at long ranges. The R-27 missile is a medium-to-long-range air-to-air missile developed by Russia for its MiG and Sukhoi series of fighter jets.


India ranks fourth in terms of business optimism globally: Grant Thornton

10 - Current Affairs - July 31, 2019
Reflecting subdued sentiments, India has been ranked fourth globally in terms of business optimism, as only 64 percent of corporates are optimistic about the country’s economic growth over the next 12 months, says a survey. Earlier, India stood at sixth position with 78 percent of the total respondents showing confidence in the economic growth for the April-June 2018 period. According to Grant Thornton’s International Business Report (IBR) released, Philippines topped the chart with 73 percent respondents being optimistic about economic growth, followed by Vietnam (72 percent) and Indonesia (66 percent).


India signs MoU with Myanmar on defense co-operation in New Delhi

11 - Current Affairs - July 31, 2019
India and Myanmar signed a defence co-operation agreement providing for boosting military engagement between the two countries. The pact was inked after Commander-in-Chief of Myanmar’s Defence Services Senior General Min Aung Hlaing held extensive talks with Minister of State for Defence Shripad Yesso Naik. Hlaing, accompanied by a high-level delegation from the Myanmar Defence Services, also met Chief of Air Staff Air Chief Marshal BS Dhanoa, Chief of Army Staff General Bipin Rawat and Chief of Naval Staff Admiral Karambir Singh.


Pakistan opens historic Hindu temple in Punjab for worship after 72 years

12 - Current Affairs - July 31, 2019
Pakistan has opened a 1,000-year-old Hindu temple in eastern city Sialkot for “worship” for the first time since partition on the demand of the local Hindu community. The Shawala Teja Singh temple, located in city’s congested Dhaarowal locality, some 100-km from Lahore, is more than 1,000 years old, according to the book ‘History of Sialkot’ by the late Rashid Niaz. The Evacuee Trust Property Board, which looks after the holy places of minorities in Pakistan, has opened Shawala Teja Singh temple after the partition on the demand of the local Hindu community.


First-Ever India-Nepal Logistics Summit Held in Kathmandu

13 - Current Affairs - July 31, 2019
Prime Minister of Nepal KP Sharma Oli inaugurated the India-Nepal Logistics Summit in Kathmandu on July 28, 2019. The theme of the summit was “Transforming Logistics Landscape”. It was the first of its type event which brought together government representatives and the trade community of both nations to discuss issues related to cross-border trade and logistics of both nations.


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