Daily Current Affairs Digest – July 10th


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Daily Current Affairs Digest – July 10

Current Affair Digest-10th July 2017

1.Ahmedabad designated as India’s first World Heritage City
2.India, US and Japan navies starts 2017 Malabar Exercise
3.India to join Global Foreign Exchange Committee
4.Indian Government launches 4 digital initiatives to press on e-education
5.India’s forex reserves at record-high of $386.53 billion


Ahmedabad designated as India’s first World Heritage City

Ahmadabad is declared as World Heritage City by the World Heritage Committee (WHC) of UNESCO. It is first Indian city get the honour.

The nomination of Ahmedabad was supported by about 20 countries including Turkey, Tunisia, Lebanon, Peru, Portugal, Croatia, Tanzania, Zimbabwe, South Korea, Croatia, Cuba and Poland.

The Walled City of Ahmedabad was founded by Sultan Ahmed Shah I of Gujarat Sultanate in in 1411. It remained the capital of the Gujarat Sultanate and later important political and commercial centre of Gujarat.


India, US and Japan navies starts 2017 Malabar Exercise

India, Japan and United States (US) navies have kicked off 2017 MALABAR trilateral naval Exercise near Chennai in Bay of Bengal.

This year it is the 21st edition of the naval exercise. In this edition of the exercise, total of around 15 warships, two submarines and scores of fighter jets, surveillance aircraft and helicopters from three navies will take part.

The 8 day long Malabar 2017 exercise consists of both ashore and at-sea activities. This year operations of the exercise include anti-submarine warfare, familiarization with inter-operability between maritime forces, search and rescue and seizure missions and many other drills.


India to join Global Foreign Exchange Committee

India is all set to join Global Foreign Exchange Committee (GFXC), a newly-constituted forum of central bankers and experts working towards promotion of a robust and transparent foreign exchange (Forex) market.

The GFXC was established in London during a meeting in May 2017 of public and private sector representatives from the foreign exchange committees (FXCs) of 16 international forex trading centres.

BIS is an international financial organisation owned by 60 member central banks, representing countries from around the world including India.


Indian Government launches 4 digital initiatives to press on e-education

President Pranab Mukherjee on the occasion of Guru Purnima launched four major digital initiatives in to push e-education. They are Swayam, Swayam Prabha, National Academic Depository and National Digital Library.

All these digital initiatives are operational under Union Ministry of Human Resource and Development.

Swayam is an indigenously designed massive open online course (MOOC). Swayam Prabha will provide high quality educational contents, developed by experts, through 32 DTH (direct to home) Television Channels. National Academic Depository is a digital depository of academic awards for authenticating all certificates issued by institutions. National Digital Library  is a large online library containing 6.5 million books. It provides free access to many books in English and the Indian languages.


India’s forex reserves at record-high of $386.53 billion

According to RBI, India’s foreign exchange (Forex) reserves have increased by $4.007 billion to touch a record high of $386.539 billion in the week that ended 30th June 2017.

The components of India’s Foreign Exchange Reserves include Foreign currency assets (FCAs), Special Drawing Rights (SDRs), Gold and RBI’s Reserve position with International Monetary Fund (IMF).

The increase forex in the reporting week was due to increase FCAs. It rose by $3.724 billion to $362.388 billion. Gold reserves also increased by $252.8 million to $20.348 billion. India’s special drawing rights (SDRs) with the International Monetary Fund (IMF) also rose by $11.8 million to $1.479 billion. The RBI’s reserve position with IMF also increased by $18.9 million to $2.322 billion.

The above daily current affairs digest has been compiled by Sagrika Mehta

Daily Current Affairs Digest for 2017