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Saturday, August 2, 2014

Daily Current Affairs Updates: 31 July 2014

1) Dalbir Singh Suhag takes over as new Army chief:  Lt Gen Dalbir Singh Suhag has taken over as the head of the 1.3 million strong Indian Army, succeeding General Bikram Singh. Suhag, whose appointment had kicked up a row, was designated as Army chief in May by the outgoing UPA government ignoring protests from his predecessor Gen VK Singh and BJP. 

59-year-old Lt Gen Suhag, a Gurkha officer who had participated in the 1987 Indian Peace Keeping Force (IPKF) operation in Sri Lanka, is currently the Vice Chief of Army Staff. He will have a tenure of 30 months as the 26th Chief of the armed forces.

2) Deputy NSA Nehchal Sandhu resigned:  Deputy national security advisor Nehchal Sandhu on 31 July 2014 resigned from his post citing "personal reasons". The former Intelligence Bureau chief had tendered his resignation on Wednesday which was accepted by the government on Thursday. A statement from the PMO said, "The resignation has been accepted by Prime Minister Narendra Modi with regret." Sources, however, said the deputy NSA had been nudged by the government to relinquish his post just as several governors and other retired officials holding important positions resigned recently after getting signal from the government.

3) John Kerry meets Narendra Modi in prelude to Washington summit: President Barack Obama is looking forward to a summit with Prime Minister Narendra Modi in September to set an "ambitious new agenda" to chart a new course in the bilateral ties, top US functionaries John Kerry and Penny Pritzker said on Friday. Kerry, US secretary of state, and Pritzker, secretary of commerce, conveyed this during a meeting here with Modi who said the two countries should prepare for concrete outcomes during the summit to take the relationship to "an entirely new level on the basis of vision, strategy and action plan."

4) India lose third test against England by 266 runs: England ended a run of 10 Tests without a win by beating India by 266 runs in the third Test at Southampton on Thursday, a result that levelled the five-match series at 1-1. India, resuming on their overnight 112 for four, were bowled out in under 25 overs Thursday for 178 before lunch on the final day in pursuit of what would have been a new fourth innings record winning total of 445. Victory saw England end a winless Test sequence stretching back nearly a year to their defeat of Australia at Durham in August 2013. Off-spinner Moeen Ali did the bulk of the damage with Test-best figures of six for 67, including a spell of four for 17 in 22 balls on Thursday, the all-rounder ending the match by bowling India last man Pankaj Singh.

5) Mundra appointed RBI deputy governor: The government has appointed S S Mundra, chairman and managing director of Bank of Baroda (BoB), a deputy governor of the Reserve Bank of India (RBI). Mundra (60), who will assume charge on Thursday, has been given a three-year term. Mundra took charge as chairman and managing director of BoB in January 2013. Prior to his elevation, he was the executive director of Union Bank of India. One post of RBI deputy governor fell vacant after K C Chakrabarty retired nearly three months before schedule, in the last week of April. Of the four deputy governors, two are selected from outside RBI, while the other two are from within. Of the two outsiders, one is a commercial banker and the other an economist.  Earlier in July, RBI extended Deputy Governor H R Khan's term by two years.

6) New Delhi to host 3rd India-Africa Summit this year: New Delhi will host the Third India-Africa Forum Summit, IAFS-III, on the 4th of December this year. This follows the decision taken at its Second Summit in the Ethiopian capital Addis Ababa in 2011. Giving this information in the Rajya Sabha, External Affairs Minister Sushma
Swaraj said preparations for the IAFS-III have begun in consultation with the African Union.

7) Petrol price cut by Rs 1.09 a litre, diesel price hiked by 50 paise per litre:  Petrol price was on Friday cut by Rs 1.09 per litre, the second reduction in three-and-half-months, while diesel rates were hiked by 56 paise a litre. Petrol price was reduced following drop in international oil rates and rupee depreciation against US dollar, making imports cheaper.
Daily Current Affairs Updates: 31 July 2014 Reviewed by Currentaffairs4examz on 2.8.14 Rating: 5 1) Dalbir Singh Suhag takes over as new Army chief :  Lt Gen Dalbir Singh Suhag has taken over as the head of the 1.3 million strong India...

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