Current Affairs And News Analysis Of July 24

Government plans ‘I stand by my country’ campaign

On the occasion of  twin celebration of 75th anniversary of the Quit India movement and the 70th Independence Day.

Theme: ‘I stand by my country’

Aim : Portray an India which is “bold and decisive, can secure its future, is on the path of reforms, and that cares” 

The Quit India Movement, also known as the August Movement was a Civil Disobedience Movement launched by Gandhi for independence. The movement was accompanied by a mass protest on non-violent lines, in which Gandhi called for “an orderly British withdrawal from India”.

RBI notified the MPC and Monetary Policy Process Regulations, 2016

Highlights:

  1. Members will be paid Rs. 1.5 lakh per meeting along with air travel and other reimbursements.
  2. observe a “silent period” of seven days before and after the rate decision for “utmost confidentiality”
  3. One vote system.In case of conflict. Governor will have casting vote.
  4. Meeting should be 4 times in a year.
  5. All members should declare their assets.

About MPC (Monetary Policy Committee) – Six-member MPC was constituted in September 2016. Out of six members govt. Will nominate three except the govt. Officials. Other three members will be from RBI including Governor and deputy governor. Governor will serve as the chairman of the committee. The MPC will serve for 4 years and not eligible for reappointment.  They will decide through the vote and Governor do not enjoy the veto power.

Bengaluru Declaration adopted by the Karnataka

Bengaluru Declaration adopted by the Karnataka State government sponsored Dr. B.R. Ambedkar International Conference 2017.

Theme: “Quest for Equity”

Highlights:

  • Reserve Seats for SC/ ST in appointment of judges and, governments contracts upto 1 Cr. and seats for backward classes in legislature.
  • Launch of “Living Wage”.
  • Set up of a farmers’ income commission.
  • Ensure land ownership for SC/STs and establish SC/ST land bank

Earlier similar Declaration was adopted by Madhya Pradesh in 2002. The Bhopal Declaration that called for “liberalisation of capital for Dalits” was adopted in 2002 during the tenure of Congress leader Digvijaya Singh in Madhya Pradesh.

Important News For The Day

The United States (US) Navy officially inducted USS Gerald R Ford (CVN 78), the world’s largest nuclear-powered aircraft carrier. It is the most advanced aircraft carrier in the world.
England’s women’s cricket team won 2017 ICC World Cup title by defeating India by 9 runs. It was England’s fourth Women’s World Cup title, earlier England has won 1973,1993 and 2009 World Cup.
Indian Shuttler H S Prannoy won the 2017 Yonex US Open Grand Prix Gold badminton tournament title by defeating his compatriot Parupalli Kashyap
Researchers San Antonio Catholic University of Murcia, Spain have discovered novobiocin compound that could be used as a potential drug to fight the effects of a Zika virus infection.
About Zika virus It is vector borne disease transmitted primarily by Aedes aegypti mosquitoes, the same mosquito that transmits dengue
Internationally-renowned space scientist and former chairman of ISRO (Indian Space Research Organization), Udupi Ramachandra Rao passed away in Bengaluru. Prof Rao is credited with having played an instrumental role in building up Indian satellite programmes right from nation’s first satellite Aryabhatta.
According to the Country Report on Terrorism released by the US State Department,The six countries that faced highest number of terrorist attacks in 2016 are Iraq (2,965 terrorist attacks), Afghanistan (1,340), India (927), Pakistan (734), Philippines (482), Nigeria (466)

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