SIPVS Knowledge is Power
1) The elections for choosing the 14th President of India were held on 17 July 2017. What important fact emerged in this election? – With over 99% voting, it was the highest voter turnout for Presidential election ever
Explanation: The presidential election, featuring contest between Ram Nath Kovind, the nominee of the BJP-led National Democratic Alliance (NDA) and Meira Kumar, the nominee of the opposition parties, was held on 17 July 2017. The election was conducted at 32 polling stations, including in Parliament and the State Assemblies.
– The voting percentage in this election was over 99%, which is the highest voter turnout for Presidential election ever.
– The total value of the votes of the Electoral College, which comprises 776 MPs and 4,120 MLAs, is 10,98,903. In terms of the value of the votes, the Sikkim Assembly has the lowest and Uttar Pradesh the highest value.
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2) On 17 July 2017 who was nominated as the candidate of the BJP-led National Democratic Alliance (NDA) for the election of the Vice-President of India? – M. Venkaiah Naidu
Explanation: Union Minister for Information and Broadcasting and Urban Development Muppavarapu Venkaiah Naidu (M. Venkaiah Naidu) was on 17 July 2017 announced as the official candidate of the BJP-led National Democratic Alliance (NDA) for the upcoming election of the Vice-President of India.
– While the announcement about Venkaiah Naidu’s candidature was made by BJP president Amit Shah, his name was endorsed by all the parties within the NDA. Naidu resigned from the Cabinet on the same day.
– The election for Vice-President of India will be held on 5 August 2017. Earlier the opposition parties had nominated former West Bengal Chief Minister and Mahatma Gandhi’s grandson Gopal Krishna Gandhi as their candidate.
– Later on 18 July 2017 Smriti Irani, Minister for Textiles, was assigned the additional charge of the important Information and Broadcasting Ministry, while Narendra Singh Tomar, who is holding numerous portfolios including Rural Development and Mines, was given Urban Development Ministry as additional charge. Venkaiah Naidu was holding these ministries.
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3) What is the name of the dedicated portal for home buyers launched by State Bank of India (SBI) on 18 July 2017 that will assist buyers to choose residential units from across the country? – ‘SBI Realty’
Explanation: ‘SBI Realty’ is the name of the dedicated portal for home-buyers that was launched by India’s largest commercial bank State Bank of India (SBI) on 18 July 2017. This portal will help home buyers to choose flats from its 3,000 approved projects across the country, which are spread across 13 states and Union Territories covering 30 cities.
– A one-stop integrated website (www.sbirealty.in) has been made available under this initiative. This website has been developed by SBICAP Securities in association with PropEquity in terms of data support, project information, etc.
– At present, there are 9.5 lakh home units available on the website. Customers can compare current and past trends of prices for the properties in various localities in the city. The portal will assist customers in calculating appropriate loan amount a customer should borrow based on income and credit profile.
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4) Who took over as the new MD and CEO of the National Stock Exchange (NSE) on 17 July 2017? – Vikram Limaye
Explanation: Vikram Limaye on 17 July 2017 took over as the new Managing Director and Chief Executive Officer (CEO) of India’s largest stock exchange – the National Stock Exchange (NSE). He was shortlisted for the top NSE post in February 2017 after Chitra Ramkrishna resigned as chief executive officer on 2 December 2016, citing personal reasons.
– Limaye is an MBA in finance and multinational management from the Wharton School of the University of Pennsylvania (US). He was till now the managing director and CEO of IDFC Ltd, from which he officially resigned on 15 July 2017. He was also a member in the Supreme Court-appointed committee of administrators of the Board of Control for Cricket in India (BCCI) from which he also resigned after his appointment in the NSE.
– The NSE has been fighting allegations of giving preferential access to brokers at its co-location facility, used for algorithmic trading.
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5) Which corporate entity on 17 July 2017 became the second Indian company to cross Rs. 5 trillion market capitalization? – Reliance Industries Ltd.
Explanation: On 17 July 2017 Reliance Industries Ltd. (RIL) became the second Indian company to cross Rs. 5 trillion market capitalisation after the nation’s biggest software major, Tata Consultancy Services Ltd (TCS).
– RIL stock has been performing well since 1 April 2017 when the company ended its free internet service and started charging its Reliance Jio clients.
– TCS is the first company to have achieved this milestone and the last time it was seen above Rs. 5 trillion was on 7 June 2017. This also means that RIL has become the most valuable corporate entity at present.
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Source:- Nirdeshak.com
