Daily Current Affairs, 05th July 2018 - VISION

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Thursday, July 05, 2018

Daily Current Affairs, 05th July 2018







1) MP Government Launches Subsidised Power Scheme ‘Sambal’
•The Madhya Pradesh State Government launched an outstanding power bill waiver scheme and subsidised power scheme called ‘Sambal’ for labourers and poor families. Under Sambal Yojana, the Below Poverty Line (BPL) families would be provided electricity at a cost of Rs 200 per month.

•The main objective of the scheme is to make sure that all the households have power facility in the state. In case the bill is lower than Rs 200, the beneficiaries will have to pay the actual bill amount and if the bill amount is crossing Rs 200 then, the difference amount would be subsidised by the state government.

2) Lieutenant Governor Does Not Have Independent Powers: Rules SC
•The Supreme Court held that Lieutenant Governor does not have independent decision-making powers,and is bound to act on the aid and advice of the Council of Ministers. The apex court was ruling on a batch of appeals filed by the Delhi government challenging the Delhi High Court’s order holding the LG as the administrative head of the national capital.

•The judgement pronounced in the court by Chief Justice Dipak Misra, who was heading a five-judge Constitution bench, also held that the LG cannot act as an "obstructionist". 

3) Sports Authority Of India Renamed As Sports India
•Union Sports Minister Rajyavardhan Singh Rathore announced that more than 34 years after coming into existence, the Sports Authority of India (SAI) has been renamed as Sports India after the sports body's governing body meeting.

•The sports body organised its 50th GB meeting, where it was also decided that coaches will be given a say in decision making and the food expenses of athletes will also be increased.

4) World's 1st Digital Art Museum Opens In Tokyo
•The world’s first digital art museum opened its doors to the public in Tokyo, Japan allowing patrons to step all the way into the artworks. 

•Attendees are able to move freely through the 9,000-square meter interactive gallery. The exhibition itself is linked in real-time to the real-world seasons, which means that no two trips to the museum will be the same.

5) Bhutan PM Dasho Tshering Tobgay In India On 3-Day Visit
•Prime Minister of Bhutan Dasho Tshering Tobgay arrived in New Delhi on the three-day visit to India.During the visit, Prime Minister of Bhutan will call on President Ram Nath Kovind and hold talks with Prime Minister Narendra Modi. 

•India and Bhutan enjoy unique ties of friendship and cooperation, which are characterized by utmost trust and mutual understanding. This year both countries are commemorating the Golden Jubilee of the establishment of formal diplomatic relations.

6) Payments Council Of India Appoints Vishwas Patel As New Chairman
•Payments Council of India (PCI), an apex body representing the companies in the payments and settlement system, has announced the appointment of Vishwas Patel, CEO of Infibeam Avenues, as its new chairman.

•It has also announced the appointment of Loney Antony, Managing Director, Hitachi Payment Services, as its new co-chairman. He has been associated with PCI ever since its inception in 2013 and was serving as the co-chairman of PCI. He takes over from Naveen Surya, who has been elevated to the post of Chairman Emeritus.

7) IFC Invests $100 Million In M&M Arm
•World Bank Group member IFC (International Finance Corporation) has invested $100 million in Mahindra & Mahindra Financial Services Ltd. (Mahindra Finance). This would enable the Mahindra Group company to augment its growth by extending loans to individuals along with financing small and medium enterprises.

•The investment in India’s largest tractor financier will be through secured non-convertible debentures. Mechanised farming can cut costs by 25% and raise productivity by 20%, helping meet the Centre’s target of doubling farmers’ incomes by 2022.

8) Uttam Dhillon Appointed Head Of Drug Enforcement Agency In US
•Uttam Dhillon, an Indian-American top White House lawyer, has been appointed as the new head of the crucial Drug Enforcement Agency that combats the smuggling and use of narcotics in the US. Dhillon replaces Robert Patterson, who has retired after 30 years of service.

•Dhillon, who till recently worked in the White House as deputy counsel and deputy assistant to President Donald Trump, took up the role of Acting Director of the Drug Enforcement Agency (DEA).