Current Affairs India - 30 July 2014

1. IAF chief Arup Raha, took over as the Chairman, Chiefs of Staffs Committee, from incumbent Gen Bikram Singh who is retiring on 31st July. The Chairman, Chiefs of Staffs Committee is the senior-most military officer in the country.

He will hold the office for a period of 29 months and would probably be the longest-serving officer in the chair. Raha will continue in office till December 2016 and is expected to push for increasing jointmanship among the three services as the CoSC.

2. Senior IRS officer K.V. Chowdary is all set to be appointed as the new Chairman of the Central Board of Direct Taxes (CBDT), the apex authority of the Income Tax department. He is presently working as the Member (Investigations) in the CBDT and is expected to take over the new charge from 1st August after incumbent Chairman R.K. Tewari retires on 31st July.

The CBDT has six members apart from the Chairman and is the apex body for framing policy and administrative issues related to direct taxes and the Income Tax department.

3. Bank of Baroda chairman and managing director S S Mundra is set to take over as the fourth deputy governor of the Reserve bank of India after Prime Minister Narendra Modi approved his appointment days before he is due to retire. Mundra was the junior most among the nine candidates interviewed for the job several months ago but his appointment was delayed due change in central government.

At present, RBI has three deputy governors; H R Khan, Urijit Patel and R Gandhi. While Khan and Gandhi are career regulators, Patel is an economist.

4. Deputy General Manager of State Bank of India, V Narsi Reddy has been appointed Chairman of Andhra Pradesh Grameena Vikas Bank (APGVB), Warangal. He joined SBI as probationary officer in 1985. He had earlier worked in different parts of Telangana and Andhra Pradesh in various capacities.

5. Bharti Airtel announced that it has crossed 300-million subscriber mark across its mobile, fixed line, DSL and DTH services which is a new milestone for the largest telecom company in India. The Company, which began operations in 1995, had crossed the 100 million mark in 2009 and 200 million in 2012. Bharti Airtel has operations in 20 countries across Asia and Africa.

6. Indian Multiplex company Inox Leisure has announced that it will acquire New Delhi based Satyam Cineplexes Ltd (Satyam) as it will buy 100% stake of Satyam-s equity share capital from its shareholders for Rs 182 crore. The deal will help Inox to increase its footprint across North India. Post the deal, Inox will have total will have total 91 multiplexes and 358 screens in 50 cities.

7. Famous Indian classical singer Sushilarani Patel passed away in Mumbai on 24th July due to heart attack. She was 96. She became a Sangeet Natak Academy laureate in 2002.

She was a widow of Baburao Patel who ran India-s first Bollywood trade journal FilmIndia. She was awarded with Dadasaheb Phalke Academy Award, Sangeet Natak Akademi award and Maharashtra Rajya Sanskritik Puraskar for her contribution towards Indian music.