Current Affairs India - 5-6 August 2016

1. BJP state chief Vijay Rupani has been named as the new Chief Minister of Gujarat and Nitin Patel as Deputy CM after a meeting of the BJP legislators at State Party headquarter. He will take over from Anandiben Patel, who resigned a few days ago.

2. Famous Indian sports promoter and founder chairperson of Reliance Foundation, Nita Ambani was elected as an individual member of International Olympic Committee. With this, she became the first Indian woman to join the prestigious body which governs Olympic sports in the world.

3. The Finance Ministry has notified an inflation target of 4% with a range of 2% for the next five years just days before the Reserve Bank of India-s bi-monthly monetary policy review, which will be Raghuram Rajan-s last as Governor. This is in line with the proposal made by Raghuram Rajan for a very long period of time.

4. Former Comptroller and Auditor General (CAG) of India Vinod Rai has stepped down from private sector lender IDFC Bank-s board though he will continue to be the non-executive independent chairman of IDFC Ltd. He took the decision to avoid conflict of interest as Rai is also the chairman of Bank Board Bureau (BBB).

5. Famous Assamese litterateur Mahim Bora has passed away. He was 92. He was awarded with the Padma Shri award in 2011. He had received the Sahitya Akademi award for his most popular work -Edhani Mahir Hanhi- in 2001 and the Assam Valley Literary award in 1998.