Current Affairs 1st August 2016

Current Affairs 1st August 2016

Current affairs are very vital topics in most of our competitive exams of present time.  They are very important and are given good weightage in the exam.  Current affairs cover all the national and international news.  Candidates who are preparing for bank, government and other competitive exams must and should give a good read to current affairs daily.  Candidates can make a good score in the exams if they prepare well on current affairs as they will be given good priority.  Candidates can get to know daily current affairs from our page as we update our page daily with the happenings of the world.

Finance Minster calls for more FDI

Union Finance Minster Arun Jaitley has called for more Foreign Direct Investment (FDI).  He has also emphasized on the stable and credible tax system.  He gave the call for more FDI when he was addressing a memorial lecture at Dr. A P J Abdul Kalam Memorial Lecture in New Delhi.

India to host Kabaddi World Cup in October

India is going to host the prestigious world cup of Kabaddi this year in October.  Total of 12 countries will be participating in the World Cup of Kabaddi like USA, Canada, UK, Australia, Iran, Poland, Pakistan, Bangladesh, Korea, Japan and Kenya.  India started winning gold medals in Kabaddi since it has become a part of Asian Games in the year 1990.  The World Cup will be broadcasted live in Star Sports.

Suresh Prabhu flag off Tripura Sundari Express

Railway Minister Suresh Prabhu has flagged off maiden broad-gauge train service between Agartala and Delhi.  It will cover a distance of 2461 kms in 46 hours and 50 minutes.  This is a passenger train and now Tripura will connect with national capital via Guwahati with the help of this train.  The minster will also lay the foundation stone of the Agartala-Akhaura International Rail link Project.

Study first, pay later: IIT Kharagpur

IIT Kharagpur has found a new way to raise funds through a ‘Learn-Earn-Return Fund’ scheme.  With the help of the scheme students will get a fee waiver if they pledge to donate money after getting a job.  This scheme will into action from this new academic session.  This scheme will help a great deal for the students to learn without financial issues and shape their career to earn and give back.

Rani Nair set to be new CBDT Chairperson

Senior Indian Revenue Service (IRS) officer Rani Singh Nair is set to be appointed the Central Board of Direct Taxes (CBDT) Chairperson as the present Chairperson Atulesh Jindal was retiring from the position.  Nair is a 1979-batch IRS office and is presently working as member in CBDT.

Tokya elects first women Governor

Former Defence Minister Yuriko Koike has been elected governor of Tokyo.  She is the first women to lead Japan’s capital.  She received more than 2.9 million votes in election.  One of her first duties is to travel to Rio de Janeiro to accept the Olympic flat as the next host.

Andhra Pradesh signs MoU with Japan to develop food value chain

The Andhra Pradesh government has signed a Memorandum of Understanding (MoU) with Japan to develop a food value chain in the state.  Under the MoU, Japan’s Ministry of Agriculture, Forestry, and Fisheries (MAFF) will encourage direct investments by Japanese companies in the fields of agriculture and food-related industry in AP.  Along with that, it will establish food industrial parks and develop cold chains.

GST to be simple with 1% additional tax removal

With the government dropping the contentious 1% additional inter-state tax, the proposed national sales tax or the GST stands simplified with aberrations removed.