02 July 2018 Current Affairs
President launches Solar Charkha Mission
President Ram Nath Kovind launched Solar Charkha Mission under which Government will disburse subsidy of Rs 550 crore to thousands of artisans, generating employment in rural areas. It was launched during the event of Udyam Sangam (National MSME Conclave) on the occasion of World MSME Day.
FDI growth hits 5-year low in 2017-18
Foreign direct investment in India seems to be petering out with the inflows growth rate recording a five-year low of 3% at USD 44.85 billion in 2017-18. Foreign inflows in the country grew by 8.67% in 2016-17, 29% in 2015-16 and 27% in 2014-15.
Nigeria replaces India to become World’s Largest Poor Population
With the persistent decline in poverty, India is no longer a nation having the largest number of poor people in the world, according to a study published by the US-based think tank, Brookings. The study, titled ‘The start of a new poverty narrative’ and published in the Brookings’ blog, is authored by Homi Kharas, Kristofer Hamel and Martin Hofer.
India clinch Kabaddi Masters title with easy win over Iran
Putting up yet another superlative show, India thrashed Iran 44-26 to emerge champions of the six-nation Kabaddi Masters Dubai. In a battle between the top two sides of the world, the three-time world champions did not give Iran any ground to recover.
Anjolie Ela Menon conferred the Kalidas Award
Noted artist Anjolie Ela Menon has received the National Kalidas Samman for visual arts from the Madhya Pradesh government. The award was conferred in recognition of her insightful and sensitive portrayal of the identity and spirit of women through her meaningful paintings in a variety of media.
Australia wins Hockey champions Trophy final 2018
In the summit clash of the 37th and final edition of the Hockey Champions Trophy at Breda, the Netherlands, India lost to defending champions Australia via penalty shoot-off. The match went into the shoot-off after both the teams were locked at 1-1 in regulation time.
Vijay Srinivas appointed Director & GM of United India Insurance
United India Insurance Company has announced the appointment of K B Vijay Srinivas as its Director and General Manager. Prior to taking up the new role, he was serving National Insurance Company Ltd as its Chief Marketing Officer and General Manager.
Indian American Seema Nanda appointed CEO of DNC of US
The Democratic National Committee (DNC) of United States has appointed Indian American Seema Nanda as its new CEO. Democratic National Committee (DNC) is the decision-making body of the Democratic Party in the United States. Seema Nanda has become the first Indian American to be appointed as operational head of a major American political party.