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Major News and Events of 02 August 2017

What Happened on 02 August 2017


NITI Aayog's vice chairman resigns to return to the field of academics in Columbia University

rvind Panagariya, chairman of the NITI Aayog (National Institution for Transforming India), has resigned from his position to join the profession of academics in Columbia University. The 64-year-old professor of Indian Political Economy at New York's Columbia University did not have a fixed time at the Aayog. He would leave on 31 August 2017. Panagariya had been working at the NITI Aayog since January 2015. A Ph.D from Princeton University, Panagariya has worked with the Asian Development Bank, World Bank, IMF and UNCTAD in various capacities. After former RBI Governor quit his job on 4 September 2016, Arvind Panagariya is the second one to leave his esteemed job and return to academia in the US. He was awarded the prestigious Padma Bhushan award in March 2012. He said that he would be writing a sequel to his book India: The Emerging Giant which was published in 2008.

Residence and Bengaluru resort of Karnataka power minister DK Shivakumar raided by IT Dept.

The recent spotlight on Eagleton Golf Resort invites trouble for Karnataka's power minister. In the light of the recent events of 6 Gujarat Congress MLAs resigning from the party, Congress resorted to safeguard its 44 MLAs by rushing them to a resort in Bengaluru. Such event has sparked off turmoil for DK Shivakumar as he is being investigated for tax evasion. The state cabinet imposed a fine of Rs. 998 crore on the Eagleton-The Golf Village last week for allegedly encroaching on 77 acres of land. According to media reports, approx. 39 locations pertaining to DK Shivakumar were searched. Seeing this turn of events, Ahmed Patel, a Congress leader, tweeted “BJP is on an unprecedented witch-hunt just to win one Rajya Sabha seat.”




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