Current Affairs India - 29 July 2016

1. India-s Foreign direct investment (FDI) inflows grew by 7% to USD 10.55 billion during the first quarter (April-June) of the financial year 2016-17 compared to USD 9.88 billion in the same period last financial year.


The sectors, which attracted maximum FDI during the period, include computer hardware and software, services, telecommunications, power, pharmaceuticals and trading business. In terms of countries, India received maximum overseas inflows from the US, Singapore, Mauritius, Japan and the Netherlands.


2. Kolkata's football club East Bengal has announced that Bharat Gaurav award (Pride of India) of 2016 will be conferred on legendary athlete Milkha Singh. He will be honoured with the prestigious award on the East Bengal Foundation Day on 1st of August.


3. Sunil Kant Munjal, joint managing director at Hero MotoCorp has announced his plan to step down from his position next month to -pursue new business interests-. He is brother of Pawan Munjal, the chairman, managing director and chief executive officer of the company.