Current Affairs India - 13-14 July 2016

1. The Supreme Court has ordered the restoration of former Chief Minister Nabam Tuki's Congress government in Arunachal Pradesh, a fresh blow to Central Government after Uttarakhand Fiasco. A five-judge constitution bench pronounced the verdict on a bunch of petitions dealing with discretionary powers of Governor Jyoti Prasad Rajkhowa to summon or advance the assembly session.


2. Indian Navy has commissioned INS Karna, an independent base of Marine Commandos (MARCOS) at Bheemunipatanam Naval Base in Visakhapatnam. The Marine Commando Force (MCF) was raised as the Indian Marine Special Force (IMSF) in February 1987 at INS Abhimanyu in Mumbai, Maharashtra.


3. K V R Murthy has been appointed as the Chairman and Managing Director of the Jute Corporation of India Limited effective from 2nd July. The Jute Corporation of India Ltd. (JCI) is based in Kolkata which assists jute cultivators in states.


4. IDFC Bank has acquired Tamil Nadu-headquartered microfinance institution Grama Vidiyal in an all-cash deal. This acquisition will give IDFC Bank access to Grama Vidiyal-s 12 lakh customers across seven States along with more than 300 branches.


5. The Central Government has launched -Operation Sankat Mochan- to evacuate the Indians from South Sudan by using two C17 aircraft of Indian Air Force. Minister of State for External Affair VK Singh was expected to lead the operation.


6. India-s overall inflation, measured by the Wholesale price Index, jumped to 1.62% in June compared to 0.79% in May due to costlier food and manufacturing items. Wholesale inflation in vegetables climbed to 16.91% cent in June while Inflation in the manufactured items category stood at 1.17%.


7. Ashok Patnaik has been appointed as the Chief Executive Officer (CEO) of the National Intelligence Grid (NATGRID), an ambitious intelligence gathering mechanism conceived in the wake of the 26/11 Mumbai terror attacks. Before this, he was serving as an additional director in the Intelligence Bureau.