Current Affairs India - 2 July 2015

1. Prime Minister Narendra Modi's launched the 'Digital India' drive on 1st July. This will open up huge opportunities in health and education for rural areas and will create many jobs across the country. The initiative aims to digitally deliver all the essential services to citizens and transform India into a digitally empowered society and knowledge economy by leveraging IT.


Indian corporates and leading business houses have already committed to invest 4.5 lakh crore in the programme which will generate employment for 18 lakh people in the country.


2. The Central Government has increased the national floor-level minimum wage (NFLMW) to 160 rupees per day from 137 rupees per day which has become effective from 1st July 2015. This increase will benefit millions of workers in the scheduled employments in the respective state jurisdictions. It was implemented for the first time in 1996 on the basis of the recommendations of the National Commission on Rural Labour (NCRL) under the Minimum Wages Act, 1948.


3. Dr Anup K Pujari has been appointed Secretary of Ministry of Small and Medium Enterprises (MSME). He succeeds Shri Madhav Lal who superannuated last month. Before this appointment, Pujari was having responsibility as Secretary of Mining sector. Shri Balvender Kumar succeeded him as the new Secretary of Mining Sector.


4. Chandrasekaran Ramakrishnan was appointed as Chief Financial Officer (CFO) of India's leading auto manufacturer Tata Motors' Group with immediate effect. With this appointment, CFOs of all Tata Motors subsidiaries like Jaguar Land Rover, Daewoo will report to him.


5. The board of Housing.com has sacked the Chief Executive Officer (CEO) and co-founder Rahul Yadav with immediate effect on 1st July. The board unanimously agreed to sack Yadav saying that his behaviour towards investors and media was not befitting of a CEO and is detrimental to the company. Housing.com, an online portal in real estate, was founded by a group of IIT-ian including Rahul Yadav in 2012 and at present it has more than 2551 employees in over 100 cities across India.


6. U P Singh, currently Joint Secretary (Exploration) under Union Ministry of Petroleum and Natural Gas, was appointed as the Interim Chairman and Managing Director (CMD) of PSU Oil Company Oil India Limited. He succeeded S K Srivastava, who superannuated yesterday.


7. Sanjeev Galande was selected for G D Birla Award for Scientific Research for 2014, as per announcement made by the K K Birla Foundation. With this, he will be the 24th recipient of the award. Prof. Galande is a professor of Biology and Team Leader at the Centre of Excellence in Epigenetics, Indian Institute of Science Education and Research (IISER), Pune. He was also awarded with the Shanti Swarup Bhatnagar Prize in 2010.


8. Global rating agency Fitch has lowered India-s economic growth projections to 7.8% for the current financial year 2015-16 from earlier projection of 8%.


Fitch also projected that India-s GDP growth rate will surpass China-s GDP growth for the first time since 1999, forecasting a growth of 8.1% in FY 2016-17 and 8% in FY 2017-18.


9. Manufacturing activities in India slowed down marginally in June, as per PMI data published recently. The Purchasing Managers' Index (PMI), an important parameter of manufacturing sector performance, fell to 51.3 in June compared to 52.6 in May, as per the survey is conducted by Markit. Any reading higher than 50 indicates growth.


10. Indian Grandmaster Abhijeet Gupta won the 19th Commonwealth Chess Championship held in Mumbai, Maharashtra. He won the gold medal after settling for a quick draw with his opponent Arghyadip Das in the ninth and final round. Arghyadip Das won the silver medal and M R Lalith Babu won the bronze medal in men-s section.


In the women-s section, Padmini Rout won the gold medal, S Vijayalakshmi won the silver medal and S Meenakshi won the bronze medal.