CivilServiceArticle: 10 JULY 2015 CURRENT AFFAIRS

Governor Nikki Haley Signs Bill to Remove Confederate Flag in South Carolina

Indian-American South Carolina Governor Nikki Haley has signed into law the bill to remove Confederate flag
The confederate flag is considered as a symbol of nation's racist past from the State Capitol
South Carolina's House of Representatives had passed the vote with 94-20, more than the two-thirds vote needed for approval, paving the way for the removal of the flag
The flag will be a history from July 10 and will then be taken to the 'relic room' of a military museum in Columbia

Saudi Arabia's Prince Saud al-Faisal who was the world's longest-serving foreign minister has died aged 75 on July 10
Prince Saud, who was born in 1940, died in the United States
Prince Saud, who was appointed in 1975, was the world's longest serving foreign minister
At his time Israel invade Lebanon in 1978, 1982 and 2006, the eruption of Palestinian intifadas in 1987 and 2000, Iraq's invasions of Iran in 1980 and Kuwait in 1990, and the occupation of Iraq by a US-led coalition in 2003
Prince Saud served under four Saudi kings, advancing the kingdom's foreign policy, especially after the attacks of September 11, 2001 in the United States

The number of millionaires in India becomes 2.5 lakh according to the latest report
In 2013 the number was 1.95 lakh and increse of 27% .
According to the report emerging market such as India and South Africa would see millionaire population swell in ten years..
India has 14th largest millionaire population in the world in 2013-2014, US,Japan, China and UK are in the leading positions

India and the US created an agreement to set up a Rs 50-crore fund to support clean energy by providing financial support to develop and test innovative products, systems and business models
The fund will support the Promoting Energy Access Through Clean Energy (PEACE) track of the US-India Partnership to Advance Clean Energy (PACE) to accelerate the commercialisation of off-grid clean energy through early-stage grant funding grants to develop and test innovative products, systems, and business models
The Memorandum of Understanding (MoU) was signed by New and Renewable Energy Secretary Upendra Tripathy from Indian side and United States Ambassador to Richard Verma from USA side
The Government of India and the United States of America have announced the launch of a new initiative Promoting Energy Access through Clean Energy (PEACE)