Daily current affairs 1st July

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Date

July 1, 2022

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# Maharashtra

  • In a big political surprise, the BJP on Thursday announced that it will support rebel Shiv sena leader Eknath Shinde as the new Chief Minister.
  • Former Chief minister and BJP leader Devendra fadanvis, who all believed was set to become Chief minister of Maharashtra for the third time, joined him as Deputy Chief Minister.
  • The trust vote of the new government will be held on Saturday.
  • The special session of the assembly will be held on July 2 and 3.
  • The speaker will be elected on the first day of the session.

# Interest rate

  • The government has left the interest rates on small saving schemes such as the public provident fund (PPF) and the National savings certificate (NSC) unchanged for the July-September quarter.
  • A hike in small savings rate was expected in the view of a surge in yields on government bonds, to which their returns are linked as per a formula.
  • Experts were expecting a hike in interest rates.

# Israel

  • Israeli lawmakers dissolved parliament on Thursday, forcing the country’s fifth election in four years.
  • Foreign minister Yair Lapid is set to take over as caretaker prime minister at midnight.
  • The newly called election set for November 1 marks another sign that Israel remains mired in an unprecedented era of political gridlock.

# External debt

  • India’s external debt rose to $620.7 billion at end March 2022, recording an increase of $47.71 billion over the year earlier period, reserve Bank of India data showed.
  • The external debt to GDP ratio declined to 19.9% at end March 2022, from 21.2% a year earlier.

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