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Daily Current Affairs for July 29-30,2018 (English)

Important Days:
1.   July 29- International Tiger Day was celebrated across the world to raise awareness about tiger conservation. The Day was first observed in 2010 at the Saint Petersburg Tiger Summit in Russia.
National:
1.   A High Level Empowered Committee headed by Cabinet Secretary to address issues of Stressed Thermal Power Projects has constituted by Union Government. The Committee will look into various issues with view to stressed assets or non-performing assets in thermal power and maximise efficiency of investment including changes required to be made in fuel allocation policy, regulatory framework, mechanisms to facilitate sale of power, ensure timely payments, payment security mechanism.
2.   A MoU with a private trust Sohanlalji Buladeviji Ojha Gaushala Samiti to build its first 'Cow Sanctuary', a shelter for 10000 cows has been signed by Rajasthan Government recently. In June 2018, the state government introduced a 20 percent surcharge on liquor to use the proceeds for protection of cows in the state.
3.   The Assam government released the second and final draft of the state’s National Register of Citizens (NRC) on July 30, 2018. The list incorporates names of 2.89 crore people out of 3.29 crore applicants.However, the names of 40.07 lakh people have been left out. Their claims and objections will be taken up from August 30 to September 28.  The first draft of NRC was published on December 31, 2017, and it incorporated the names of 1.9 crore people out of the total 3.29 crore applicants. 
4.   The Central Road and Infrastructure Fund (CRIF) has been brought under the domain of the Union Finance Ministry.  It will now be under the Department of Economic Affairs (DEA), Finance Ministry. Earlier it was under the Ministry of Road Transport and Highways. The Central Road and Infrastructure Fund was earlier known as the Central Road Fund. It was renamed after amending the Central Road Fund Act, 2000. The objective of the amendment was to use proceeds of the road cess under CRIF to finance other infrastructure projects.
5.   A 3 day International Blockchain Congress is going to host  by Hyderabad on August 3, 2018.It will be jointly hosted by NITI Aayog, Telangana & Goa governments. Global Blockchain Protocol Consortium will be launched at the congress. The consortium is a body of various countries to further progress the evolution of blockchain technology.  The Congress will bring together over 3000 blockchain enthusiasts, innovators, businesses and regulators.
6.   Several states have recently agreed to supply milk for 2 days a week through Mid-Day Meal & Anganwadi schemes. The move aims to absorb surplus stock and ensure better prices to farmers, animal husbandry and dairy.
7.   PRANAM (Parent Responsibility & Norms for Accountability and Monitoring) Scheme aims to ensure that government staff takes care of their parents & physically challenged siblings will be going to implement by Assam government from October 2, 2018. It mandates deduction of 10-15 percent of the gross salary of employees who do not take care of their parents & disabled siblings.
8.   Prime Minister Narendra Modi launched 81 projects worth Rs 60000 crore in Lucknow, Uttar Pradesh on July 29, 2018. All these 81 projects are part of the 1045 MoUs that were signed at the Uttar Pradesh Investors' Summit that was held on February 21- 22, 2018.
International:
1.   Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan announced that he will take oath as Prime Minister on August 11, 2018. Khan’s party PTI emerged as the single largest party in the National Assembly in the July 25 polls. However, the party is still short of numbers to form its government independently.
2.   Mahesh Malani of Pakistan Peoples Party’s became the first Hindu candidate to win a National Assembly seat. Malani contested & won the National Assembly (NA-222) Tharparkar-II seat in southern Sindh province, after defeating 14 candidates.
Defence:
1.      India plans to procure an advanced air defence system National Advanced Surface-to-Air Missile System-II (NASAMS-II) at $1 billion to defend National Capital Region (NCR) from aerial attacks. NASAMS-II is an upgraded version of the NASAMS developed by Raytheon in partnership with KONGSBERG Defence and Aerospace of Norway. It features new 3D mobile surveillance radars and 12 missile launchers for quicker reaction. The proposal is in Acceptance of Necessity (AoN) stage now which was approved by Defence Acquisition Council (DAC) chaired by Defence Minister Nirmala Sitharaman.
2.      Two types of indigenously built high-power multi-fuel engines V-46-6 and V92S2 were handed over to Indian Army for first time under Make in India. These engines are based on Russian design. V92S2 is high power diesel engine with 1000 HP capacity and it is fitted in T-90 Battle Tank (Bhisma Tank). V46-6 is also high power diesel engines with 780 HP and it is fitted in T-72 Main Battle Tank (Ajeya Tank). These engines were manufactured by Engine Factory Avadi (EFA), a unit of Ordnance Factory Board (OFB).
3.      Indian Army has awarded Rs. 100-crore contract for 81 high mobility 10×10 vehicles to India’s leading vehicle manufacturer Ashok Leyland. This is for first time Indian vehicle manufacturer will deliver heavy duty, high mobility vehicles for the launchers. This will reduce dependency on imports. The indigenous 10×10 vehicle will be powered by Ashok Leyland’s 360HP Neptune engine. It can carry maximum load of 27 tonnes at maximum speed of 60 km ph. Some of these vehicles will be fitted with rocket handling cranes.
Economy:
1. The recent Goods and Services Tax (GST) rate cuts on 88 items will weigh on government’s revenue collection and is ‘credit negative’ as it will put pressure on efforts of fiscal consolidation. The revenue loss from the most recent tax cuts was estimated to be at about 0.04 to 0.08 percent of GDP annually. 
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