{"id":2452,"date":"2024-07-08T11:05:51","date_gmt":"2024-07-08T11:05:51","guid":{"rendered":"https:\/\/lawentranceindia.com\/blogs\/?p=2452"},"modified":"2024-07-08T11:07:18","modified_gmt":"2024-07-08T11:07:18","slug":"mlc-daily-current-affairs-08-july-2024","status":"publish","type":"post","link":"https:\/\/lawentranceindia.com\/blogs\/mlc-daily-current-affairs-08-july-2024\/","title":{"rendered":"MLC Daily Current Affairs – 08 July 2024"},"content":{"rendered":"

Today in History (July 8th<\/sup>, 1497)<\/h1>\n

On 8th July, 1497 – Vasco da Gama, Portuguese navigator departs on his first voyage and became the 1st European to reach India by sea.<\/p>\n

Let\u2019s revise<\/span><\/strong><\/h3>\n

A) Angpradakshinam recently in news, what it is?<\/p>\n

    \n
  1. A democratic movement in Myanmar<\/li>\n
  2. A reforms movement in Manipur<\/li>\n
  3. A religious practice in the temples of Assam and Manipur<\/li>\n
  4. A religious practice in some temples of southern India<\/li>\n<\/ol>\n

    Ans.(4)<\/p>\n

    B) Which article of the Indian constitution has provisions for religious freedom?<\/p>\n

      \n
    1. 21<\/li>\n
    2. 23<\/li>\n
    3. 22<\/li>\n
    4. 25<\/li>\n<\/ol>\n

      Ans.(4)<\/p>\n

      C) In the case of conflict between religion and constitution what should prevail?<\/p>\n

        \n
      1. Constitutional values<\/li>\n
      2. Religious laws<\/li>\n
      3. Rules by clergy class<\/li>\n
      4. None of the above<\/li>\n<\/ol>\n

        Ans.(1)<\/p>\n

        D) Who won the latest general election in Britain?<\/p>\n

          \n
        1. Labour Party<\/li>\n
        2. Conservative Party<\/li>\n
        3. Liberal Democrats<\/li>\n
        4. Scottish National Party (SNP)<\/li>\n<\/ol>\n

          Ans.(1)<\/p>\n

          E) Who is the current Prime Minister of Britain following the latest general election?<\/p>\n

            \n
          1. Boris Johnson<\/li>\n
          2. Keir Starmer<\/li>\n
          3. Rishi Sunak<\/li>\n
          4. Nicola Sturgeon<\/li>\n<\/ol>\n

            Ans.(2)<\/p>\n

            Summary of Today’s News<\/strong><\/h2>\n

            Masoud Pezeshkian elected as the President of Iran, people mandated for reforms<\/span><\/strong><\/h3>\n

            \u2022 Reformist Victory: Masoud Pezeshkian, a reformist opposing Hijab, moral policing and advocating engagement with the West, won Iran\u2019s presidential run-off.
            \n\u2022 Political Shift: Iran, previously dominated by conservatives (‘principalists’), elected Pezeshkian after conservative Ebrahim Raisi’s death in a helicopter crash.
            \n\u2022 Reformist Support: The reformist coalition, including former leaders Mohammad Khatami and Hassan Rouhani, backed Pezeshkian.
            \n\u2022 Election Dynamics: First-round voter turnout was 39.9%, indicating a legitimacy crisis, but increased to nearly 50% in the run-off, aiding Pezeshkian’s 53.6% victory over conservative Saeed Jalili.
            \n\u2022 Public Expectations: Pezeshkian’s stance on protests and dialogue with the West to revive the 2015 nuclear deal resonated with voters.
            \n\u2022 System Constraints: The Iranian President’s power is limited by the theocracy, dominated by the Supreme Leader.
            \n\u2022 Mandate for Change: Pezeshkian’s victory signals public desire for reforms and engagement with the world.
            \n\u2022 Future Prospects: Potential for gradual reforms and careful international engagement if Pezeshkian and the clerical establishment find common ground.<\/p>\n

            Twenty year low private investment in first quarter<\/span><\/strong><\/h3>\n

            20-Year Low in New Private Investment Plans:<\/strong>
            \n\u2022 New investment plans in Q1 2023-24 slumped to \u20b944,300 crore.
            \n\u2022 This is significantly lower than \u20b97.9 lakh crore announced in the same period last year.
            \nWait-and-Watch Approach by Investors:<\/strong>
            \n\u2022 Bank of Baroda’s chief economist attributes the slowdown to a wait-and-watch approach.
            \n\u2022 Possible anticipation of upcoming events like the Lok Sabha election.
            \nHistorical Comparison:<\/strong>
            \n\u2022 Current investment levels are much lower compared to Q1 during Lok Sabha elections in 2014 (\u20b92.9 lakh crore) and 2019 (\u20b92.1 lakh crore).
            \nHigh Previous Years\u2019 Investment Announcements:<\/strong>
            \n\u2022 The past two years saw high investment announcements, which are still being executed.
            \nSectoral Distribution:<\/strong>
            \n\u2022 Manufacturing accounted for 46.4% of the \u20b944,300 crore investments.
            \n\u2022 Followed by electricity and services sectors.
            \nCorporate Bond Issuances and Bank Credit Flows:<\/strong>
            \n\u2022 Corporate bond issues dropped from \u20b92.86 lakh crore in Q1 2023-24 to \u20b91.73 lakh crore this year.
            \n\u2022 Incremental bank credit fell to \u20b92.78 lakh crore from \u20b93.78 lakh crore.
            \nTransport Services Sector Dip:<\/strong>
            \n\u2022 A significant 61% dip in transport services sector investment, linked to last year\u2019s aircraft purchase plans.
            \nFuture Outlook:<\/strong>
            \n\u2022 Anticipation of a pick-up in investments in the second quarter due to factors like the Budget announcement, good monsoon, and festival season demand.<\/p>\n

            Today starts PM Modi\u2019s visit to Russia<\/span><\/strong><\/h3>\n

            Prime Minister Narendra Modi will visit Moscow, marking his first trip to Russia since the Ukraine war began and his first bilateral visit abroad since re-election in June 2024. Modi will receive a warm welcome, including a private dinner hosted by Russian President Vladimir Putin at his estate.
            \nMeeting Highlights:<\/strong>
            \n\u2022 The leaders will have one-on-one discussions and attend various events together during Modi\u2019s 26-hour visit.
            \n\u2022 They will visit an exhibition on nuclear power-related technology developments by Rosatom.
            \nSpecial Diplomatic Gesture:<\/strong>
            \n\u2022 The private dinner at Putin’s Dacha is a special gesture extended to few global leaders, symbolizing close and personal ties.
            \nFocus Areas for Talks:<\/strong>
            \n\u2022 Energy: Discussions on predictable pricing and long-term contracts for Indian imports of oil and LNG.
            \n\u2022 Trade and Banking: Addressing challenges due to Western sanctions.
            \n\u2022 Investment and Connectivity: Opportunities in the International North South Transport Corridor (INSTC), Chennai-Vladivostok maritime route, and the North Sea corridor.
            \n\u2022Cooperation in Russia\u2019s Far East region.
            \nBilateral and Delegation-Level Meetings:<\/strong>
            \n\u2022 Formal meetings will include talks on expediting delayed defence deliveries and discussing the status of Indians in the Russian Army.
            \nContext and Timing:<\/strong>
            \n\u2022 Modi\u2019s visit follows Putin\u2019s state visits to China and North Korea, signaling Russia’s efforts to maintain global ties despite Western attempts at isolation.
            \n\u2022 Indian Ambassador Vinay Kumar emphasizes the visit\u2019s importance in resuming bilateral summits and addressing issues accumulated over the past three years.<\/p>\n