Current Affairs - July 2019

Latest Current Affairs July, 2019 with Current Affairs, news summary on current events of National and International importance of July, 2019 for Banking, SSC, CLAT, UPSC, State PCS, IBPS, Railways and other Competitive Examinations.

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Govt sets 100% Digitization target of all Waqf properties in 100 days

Centre government has set a target to achieve 100% Digitization of Waqf properties across country in its 1st 100 days. The announcement in this regard was made by Union Minister of Minority Affairs Mukhtar Abbas Naqvi Minister while addressing National Conference of State and Union Territories Waqf Boards in New Delhi. Minister also gave away national awards to waqf boards for excellence in management.

Key Highlights

Geographic Information System (GIS) mapping is being used on a war footing to achieve target.

Reason: As per the government move is aimed at improving infrastructural and financial conditions of waqf boards so that waqf properties can be used for welfare of Muslim community, and encroachment of such properties be prevented.

Government Initiative: Centre is providing 100% funding to waqf boards for various educational and developmental programmes.

Note: National Conference of State and Union Territories Waqf Boards was organised by Central Waqf Council, Union Ministry of Minority Affairs to review progress of waqf related activities.

What are Waqf Boards?

The word waqf literally means detention and in legal context, Waqf means detention or permanent dedication of movable or immovable properties so that its produce/income may always be available for religious or charitable purposes.

When a waqf is created, property is detained or, is tied up forever and thereafter becomes non-transferable. Law of waqf is most important branch of Mohammedan Law for it is interwoven with entire religious, social, and economic life of Muslims.

Under Wakf Act, 1954 (now a sub section the Wakf Act, 1995), Central Wakf Council, India was established in 1964 by Government of India as an Indian statutory body for purpose of advising it on matters pertaining to working of State Wakf Boards and proper administration of the Wakfs in country.

World Hindu Economic Forum launches its Nepal Chapter in Kathmandu

World Hindu Economic Forum (WHEF) has launched its Nepal Chapter which was inaugurated by Nepal’s Minister of State for Health and Population Dr. Surendra Kumar Yadav in Nepal’s Capital of Kathmandu. The event was attended by large number of industrialists, business persons, traders, thinkers and other eminent personalities from Nepali society.

About World Hindu Economic Forum

It has been founded by Swami Vigyananand.

WHEF brings together financially successful elements within Hindu society (such as bankers, technocrats, investors, industrialists, business persons, professionals, economists, thinkers among others), so that each group can share their business knowledge, expertise and resources with their fellow brethren to trigger creation of surplus wealth and make society prosperous.

Objective of Nepal Chapter:

  • To increase economic cooperation between India and Himalayan state of Nepal.
  • To connect Nepal with a global network for its economic prosperity.


Economic relation is base of longevity of any relationship this is jufied as Nepal’s two third external trade is with India and India is also the largest investor in Himalayan country.

After opening of Integrated Check Post at Birgunj, a city in Nepal, the India-Nepal trade has increased, cost of doing business has reduced and ease of doing business has improved.