BJP leader BS Yediyurappa took oath as the Chief Minister of Karnataka
-> BJP leader BS Yediyurappa took oath as the Chief Minister of Karnataka for the fourth time at the Raj Bhavan in Bengaluru.
The Congress-JDS coalition government headed by HD Kumaraswamy collapsed after losing the vote of confidence in the assembly after a three-week long intense power struggle triggered by the Karnataka lawmakers.
-> Elaborating the point further, the party said in an Assembly of 222, the magic number to form the government is 112. Wondering how was BJP invited to form the government by the Governor since the party has claimed support of only 105 legislators (still seven MLAs short of the magic number), the party said that it was an 'un-democratic' decision on the part of the Governor.
-> Yediyurappa, who has changed the spelling of his name from Yeddyurappa, participated in the ceremony wearing a green shawl amid slogan-shouting by BJP workers.
BRICS nations call upon States to prevent terror financing from their soil
-. India along with other BRICS nations called on all states to prevent the financing of terrorist networks and terrorist actions from their territories.
-> The five nations Brazil, Russia, India, China and South Africa condemned terrorism in all its forms and manifestations during the meeting of the BRICS Foreign Ministers at Rio de Janeiro in Brazil.
The BRICS nations called for concerted efforts to fight terrorism under UN auspices on a firm international legal basis. India was represented by Minister of State for Road Transport and Highways VK Singh.
US to resume capital punishment after a gap of nearly two decades
-> In a major decision, the Trump Administration announced to resume capital punishment after a gap of nearly two decades and has set execution dates for five death-row inmates convicted of murdering.
"Under Administrations of both parties, the Department of Justice has sought the death penalty against the worst criminals, including these five murderers, each of whom was convicted by a jury of his peers after a full and fair proceeding," US Attorney General William Barr said in a statement.
Promoters get 90 days to retake company after insolvency proceedings begin
-> The insolvency regulator has notified rules that will give promoters and other stakeholder 90 days after the commencement of insolvency proceedings to re-take control of the company through agreements with creditors. The new rules also specify a limit of one year for the liquidation of such a company from the date of commencement of insolvency proceeding.
-> As many as 378 companies with total creditor claims of Rs. 2,57,642 crore have been sent into liquidation under the Insolvency and Bankruptcy Code till March 31, 2019.
US economy grew more slowly in 2018 than previously thought
The US economy grew less than previously thought last year, missing President Donald Trump's target of 3%.
-> Revised official figures show that GDP expanded by 2.5% during 2018.GDP grew at an annual rate of 2.1% between April and June, ahead of expectations but below 3.1% recorded in the first three months of the year.
-> Growth in the second quarter was better than the 1.8% expansion forecast, and was supported by stronger consumer spending and a jump in government spending.
RBI to ease priority sector lending norms for exports
-> The Reserve Bank of India (RBI) has agreed to relax priority sector lending norms for exports by removing the turnover condition of Rs 100 crore and enhancing the maximum sanctioned limit to Rs 40 crore from Rs 25 crore now.
-> This boost for the credit-strapped export sector comes amid slow global trade growth. The central bank will also review the threshold for export credit, which is capped at 2% of the total credit forwarded by banks, known as adjusted net bank credit (ANBC), to further ease the flow of credit.
Indian scientists discover 28 new stars in Milky Way
-> Scientists at the Aryabhatta Research Institute of Observational Sciences have discovered 28 new variable stars in the Milky Way galaxy.
ARIES Director Wahab Uddin described the finding of the new variable stars, whose luminosity or brightness keeps changing, as a "rare achievement". It is for the first time that variable stars have been identified in Globular cluster NGC 4147 in the constellation of Coma Berenices, said former director of ARIES, Anil Pande, who now works at the institute as a senior scientist.
Floating ocean plastics can contribute to global warming, find Indian researchers
-> Oceans choked with plastic are not just a health threat, but also contribute to global warming, according to a study by researchers at Indian Institute of Technology Bombay and National Centre for Polar and Ocean Research (NCPOR), Goa.
-> The study found that floating plastics act similar to algae – which is the scum floating on water bodies – and prevent the absorption of sunlight by water bodies. This reflects the light back into the atmosphere, contributing to global warming.
-> The research was led by T I Eldho at IIT-Bombay, while Renjith VishnuRadhan (also IIT-Bombay) and NCPOR’s T Divya David also worked on it. The study said that the presence of floating plastics could also reduce to the amount of oxygen dissolved in water and also affect photosynthesis and evaporation.
IOA pulls out of CGF General Assembly to protest dropping of shooting from 2022 CWG
-> The Indian Olympic Association (IOA) pulled out of the Commonwealth Games Federation's General Assembly in September to protest the dropping of shooting from the 2022 Birmingham Commonwealth Games roster.
-> In a letter addressed to Commonwealth Games Federation Chief Executive Officer David Grevemberg, the IOA also withdrew the nomination of its Secretary General Rajeev Mehta for the election of a regional vice-president as well as that of Namdev Shiragaonkar for Sports Committee member.
-> The Commonwealth Games Federation last month left out shooting from the 2022 Birmingham Games in its Executive Board meeting while recommending the inclusion of three new sports.
-> The decision to leave out shooting has dealt a big blow to India which had won as many as 16 medals out of 66 in the 2018 Gold Coast CWG.
India drops two places in FIFA rankings
-> The Indian football team slipped two places to 103rd in the FIFA rankings released. India lost two matches and drew one in the Intercontinental Cup earlier this month in Ahmedabad.
-> It lost 2-4 to Tajikistan and 2-5 against eventual winners DPR Korea before playing out a 1-1 draw against Syria. India has 1214 ranking points to its kitty, down by five points from the previous chart issued last month.
-> The Indian team now lies at 18th among Asian countries. Iran (23rd) is at the top among Asian countries, followed by Japan (33), Korea (37), Australia (46) and Qatar (62). Overall, Belgium leads the chart, followed by Brazil, France, England and Uruguay.
Govt approves national permit scheme for inter-state travel for bus operators
-> Union Transport Minister Nitin Gadkari said, the government has approved the national permit scheme for inter-state travel for bus operators.
-> The move is likely to increase the state revenue by 3-4 per cent as the money will be directly credited to the states in a proportionate manner. Minister was attending the India International Bus and Car show, Prawaas 2019 in Mumbai.
Hafiz Saeed and Masood Azhar to be among first to be listed terrorists after UAPA changes
-> Under the conutry’s newly proposed anti-terror law, biographic and financial information of individuals designated as “terrorists” will be shared with Western agencies, officials said. They maintained that 26/11 mastermind Hafiz Saeed and JeM chief Masood Azhar would be among the first individuals to be designated as terrorists once the proposed amendments come into effect.
-> Both Saeed and Azhar have been designated as ‘global terrorists’ by the United States (US), United Nations (UN) and European Union (EU). Allaying fears about misuse of the new provisions of the law, a home ministry official said, the individual designated as “terrorist” can at first appeal to the Union home secretary, who will have to dispose of the appeal within 45 days.
Current Affairs Quiz - 27th July 2019
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