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Current Affairs July 2014 for India, World

Current Affairs of India, World for the Month of July 2014: Current Affairs General Knowledge(GK) Multiple Choice Questions (MCQ) for IAS/ Bank and other competitive examinations across India.  As part of Current Affairs , We will daily provides you Question of Current Affairs, India GK and World GK during whole month of July 2014. For Current Affairs Live Updates Follow us:
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Current Affairs for July 2014 - Daily Updates:

- PSLV C23 carrying French Earth Observation Satellite SPOT-7 and four co-passenger spacecrafts from Singapore, Canada and Germany was successfully launched from Sriharikota in Andhra Pradesh and Prime Minister Narendra Modi, witnessed the historic moment
- India and China on Monday released the first encyclopedia on their age-old cultural contacts, tracing back their history to over 2,000 years, starting from the visit of Chinese scholar Huen Tsang to India in the 7th century to bring Buddhist scriptures to China.
- West Bengal Governor M K Narayanan resigned on Monday, becoming the fourth person occupying the gubernatorial post to put in his papers since the NDA government prodded some of the Governors appointed during UPA rule to quit.
- Indian classic cinema of the 1950s and rare newsreels including one showing a meeting between Mahatma Gandhi and Charlie Chaplin in London, are part of a renowned international film fest currently underway in Italy.
- A Pakistani girl (Malala Yousafzai) who survived being shot by the Taliban because she advocated education for girls has won the Liberty Medal from the National Constitution Centre in Philadelphia.

- US Senator John McCain called on Prime Minister Narendra Modi on Thursday. Senator McCain conveyed the high level of expectations in the United States about a new momentum in India's economic growth and all-round progress under the new Government and wished Prime Minister all success in this endeavour.
- Railways on Thursday successfully conducted the trial run of the country's fastest train that moves at a speed of 160 kms per hour on the Delhi-Agra route as it looks to launch a semi-high speed service between the two destinations in November.
- Superstar Shah Rukh Khan was conferred with top French civilian award -- 'Knight of the Legion of Honor'.
Rs. 100 Crore for Development of Organic Farming and Rs. 1000 Crore for Development of Rail Connectivity in the North Eastern Region
Personal Tax Exemption Limit Raised by Rs. 50,000/- ; No Change in the Rate of Surcharge; 15% Investment Allowance to Manufacturing Companies, to Incentivize Small Entrepreneurs and Income from Foreign Portfolio Investors to be Treated as Capital Gains.
Finance Minister Proposes Rs. 200 Crore for Power Reforms and Rs. 500 Crore for Water Reforms to Make Delhi a World Class City
More Services Bought in the Service Tax Net, Indirect Taxes to Yield Rs.7525 Crore
Budget Estimates for 2014-15 Project Fiscal Deficit of 4.1% and Revenue Deficit of 2.9% of GDP
Basic Custom Duties Reduced on Certain Items to Encourage Investment and Domestic Production
Government to Spend 50,000 Crore Rupees for Development of Urban Areas
Government Committed to Achieve Fiscal Deficit of 4.1% for 2014-15
Fresh Cases Arising Out of Retrospective Amendments of 2012 to be Scrutinised by High Level Committee:FM
Government to Constitute an Expenditure Management Commission to Look into Various Aspects of Expenditure Reforms:FM
Five New IITs and Five New IIMS will be Set Up in the States
Target of Fiscal Deficit of 4.1 Per Cent for 2014-15
Government Attaches Top Priority for Free Drug and Diagnosis Services to Achieve the Goal of Health for All
Housing for All by 2022
Higher Budgetary Allocations have been Made for Rural Road and Water Sectors
Allocation of Rs. 7060 Crores for Smart Cities
Government Reiterates Its Commitment to the Welfare of SCs & STs
Legislative and Administrative Changes Proposed to Reduce Litigation in Direct Taxes
Beti Bachao, Beti Padhao Yojana Launched
Digital India Programme Launched to Bridge the Divide Between HAVES and HAVE – NOTS
E-Visa to be Introduced at Nine Airports
Pending Insurance Laws (Amendment) Bill to be Tabled in Parliament Soon; FM
Public Sector Undertakings (PSUs) to Invest Rs.2,47,941 Crores in the Current Fiscal
Welfare of Girl Child on Upmost Priority of the Government: FM
Capital of Public Sector Banks to be Raised Through Sale of Shares
Enactment of Indian Financial Code Necessary for Better Governance and Accountability: FM
Real Estate Investment Trust and Infrastructure Investment Trust to be Incentivised
Rs. 200 Crore Set Aside in the Current Financial Year for Developing World Class Sports Stadiums in Jammu and Kashmir;
Kisan Vikas Patra (KVP) Re-Introduced
Rs. 500 Crore Set Aside in the Current Financial Year to Create Five Tourist Circuits;
Several Steps Announced to Promote Foreign Direct Investment (FDI) in Select Sectors
Finance Minister Sets Up an Integrated Ganga Conservation Mission ‘Namami Gange’ with an Outlay of Rs. 2037 Crore;
Soil Health Card Scheme for Every Farmer
Swatchh Bharat Abhiyan
A Dedicated TV Channel ‘Kisan TV’ to be Launched for Farmers
Pradhan Mantri Krishi Sinchayee Yojana
2 Agriculture Research Institutes in Jharkhand and Assam and Agri-Tech Infrastructure Fund of Rs 100 Crores to be Setup
Multi Skill Programme – Skill India to be Launched
Measures to Increase Investment and Credit Flow into Agriculture Sector
Technology Driven Second Green Revolution with Focus on “Protein Revolution”
Rs.200 Crores Allocated For The Statue Of Unity
National Adaptation Fund to be Established for Climate Change
Deendayal Upadhyaya Gram Jyoti Yojana
Shyama Prasad Mukherji Rurban Mission
Defence Allocation Raised to Rs 2,29,000 crore
Micro, Small and Medium Enterprises Sector will be Revamped
Allocation for Modernization of State Police Forces Raised to Rs 3,000 crore
Special Economic Zones will be Strengthened
National Industrial Corridor Authority to be Set-Up
Reforms in the Food Sector will be Taken up on Priority
Energy Sector given due Importance in Budget 2014-15
Rs 100 Crore Allocated for Technology Development Fund
All Households to be Provided with Banking Services
Institution for Mainstreaming PPPS will be Set-Up
More Funds for War Memorial and National Police Memorial
Handlooms Trade Facilitation Centre and Crafts Museum will be Set Up at Varanasi


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