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Major News and Events of 31 July 2014

What Happened on 31 July 2014


Modi's visit to Lumbini is not confirmed

According to Nepal Foreign Minister Mahendra Bahadur Pandey,  Prime Minister of India Narendra Modi’s visit to Lumbini, the birthplace of Gautam Buddhai,  will be possible only if the weather conditions permit. It was reported that  during his upcoming visit to Nepal, Modi is keen to visit Hindu pilgrim places,which includes Lumbini and Janakpur Dham. Pandey also said that due to security reasons and poor infrastructure Modi’s visit to Janakpur Dham will not be possible.

Vishal Sikka defines new strategies for Infosys

Vishal Sikka, the new CEO of Infosys, has said that his strategy for the second largest IT exporter would be to bring innovation and build new solutions to fulfill customers' needs by implementing  the plans initiated by the founders of the company. Sikka, who is likely to take the charge as the CEO from 1 August 2014, also said that he will carry forward the growth process of the organisation.

Rajya Sabha to pass the Insurance Amendment Bill

The government will introduce the insurance amendment bill and two similar bills in the Rajya Sabha today. The primary feature of the bill is to increase the in foreign investment limit from 26 percent to 49 percent in the insurance sector. The amendment was approved by the cabinet last week. The 49 percent bracket will include all types of investments including portfolio investment, NRI, FDI etc. As per reports, it is estimated that it might bring Rs. 25,000 crore equity to the insurance sector.

Indian boxers all set to win medals at CWG 2014

Vijendra Singh, the 2008 Olympic Bronze-medallist, entered the semi finals of the 75kg weight category of boxing championship at Glasgow CWG 2014. Indian boxers Vijendra Singh, L. Devendro Singh, Mandeep Jangra, Pinki Jangra and L. Sarita Devi are performing well in their events and are  assured of wining medals.

 

JD (U), Congress and RJD form alliance for Bihar elections

JD (U), RJD and Congress have formed an alliance to contest the bypoll elections in Bihar. As for sharing the seats, the JD(U) and RJD will be contesting from four seats each while Congress will contest from only two. The alliance was declared by the state presidents of all the parties – Bashisth Narayan Singh (JD (U)), Ramchandra Purbey (RJD) and Ashok Chaudhary (Congress). The by-elections will be held on August 21.

Motorola cuts price of Moto G in India

Motorola has cut the price of its smartphone Moto G by Rs 2,000 in India. The cut was announced after the launch of similar models like Asus ZenFone 5 and Xiaomi Mi 3 in the market. After the cut, the 8GB model will be available for Rs 10,499 and 16 Gb at Rs. 11,999. According to Flipkart, the sole seller of Moto G, this is a limited scheme offered by the company.   

Lt. General Dalbir Singh Suhag to take over as new Indian Army Chief

Newly appointed Army Chief Lieutenant General Dalbir Singh Suhag will take over his office from today. His appointment by the erstwhile UPA government had seen a political raw as the BJP and former army chief General VK Sinhg protested against his appointment . The vigilance ban that was imposed on him by former army chief General VK Singh in connection with an intelligence operation in Assam, was later removed in May 2012.

3 areas that are the focal points for US in ties with Indian government

According to the US secretary of commerce Penny Pritzker, the US government has located three spheres where it is seeking to work with the Indian government under the leadership of Narendra Modi. He identified these areas as manufacturing, infrastructure and creation of an investment atmosphere in India which will contribute to global investment. Pritzker is in India to attend the US-India strategic dialogue in Delhi.




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