NATIONAL
UPDATES:
I. Government
to launch 8 postal ATMs in North East: Department
of Posts will soon launch 8 ATMs in the North Eastern Region. Chief Post Master
General of North East circle, SmitaKumari said in Shillong that 15 more
locations are under process of installations of ATMs. India Post has taken up
modernization plan under which computerization of all post offices in the
country is taking place.
II. ‘Bonalu’
declared as state festival by Telangana Government: It
announced that total expenditure of the ‘Bonalu’ festivities will be officially
borne by the state government.
III. Hindustan
Group of Institutions won 3 national awards at a corporate summit organised by
All India Technical and Management Council (AITMC): WhileHindustan
University was chosen as Best Private University of the Year, the award for
Best Placements and Career Building and the award for Best International School
were given to KCG college of Technology and Hindustan International School
respectively.
IV. The
Visakh White Oil Terminal of HPCL has become the 1st location in the
country to launch bio-diesel product for own vehicles of the company, as part
of its efforts to promote green initiative.
V. Poor
connectivity, lack of security behind poor economic growth of NE: ASSOCAM: The
economic growth rate of Assam, Arunachal Pradesh and Manipur has recorded a
rate lower than that of the average growth rate of the North East region.
VI. Maharashtra
records most farmer suicide: As per the data
released by the National Crime Records Bureau, Maharashtra recorded the highest
number of farmer suicides during 2014 followed by Telangana, Madhya Pradesh and
Chhattisgarh.
VII. AAP
leader Swati Maliwal takes charge as Chairperson of the Delhi Commission for
Women (DCW).
VIII. 21
railway stations to be developed with private participation: Thiruvananthpuram
Central, Ernakulam Junction and Kozhikode are among the 21 stations. 400
stations have been shortlisted for development with private participation.
IX. Israel
offers help to clean Ganga: One of India’s biggest
defence partners, wants to offer its expertise in Water Management and help the
Government with its ambitious Ganga cleaning Project.
X. Surat
1st city to launch picture intelligence unit: It
became the 1st city in the country to launch a picture intelligence
unit, comprising real time facial recognition and number plate recognition and
vehicle speed violation system. The project has been initiated on public
private partnership (PPP) model with a city based NGO Surat Traffic Education Trust.
XI. Daggubati
Suresh Babu has been unanimously elected as the President of Telugu Film
Chamber of Commerce (TFCC).
XII. PM
Modi inaugurated the 46th Session of Indian Labour Conference, also
called the ‘Labour Parliament’ in New Delhi.
XIII. Two
new plant species namely Vellithumpa and Eriocaulon Manoharanii discovered in
the Western Ghats.
XIV. Delhi CM ArvindKejriwal inaugurated 1st ‘AamAadmi Clinic’ at Peeragarhi Relief Camp.
INTERNATIONAL UPDATES:
I. China, for the 1st
time going to participate in the Indian International Fleet Review (IFR): The
development comes at a time of growing competition between the two countries
for strategic space in the Indian Ocean with the Chinese Navy’s increasing
forays into the region. The two sides will exchange visits of Naval Ships and
hold PASSEX (Passing Exercise) and SAR (Search and Rescue) exercises.
II. PM Modi paid tribute to
Madiba on Nelson Mandela Day: 18th
July, the birth anniversary of Nelson Mandela is observed as the UN Mandela Day
every year from 2010.
III. Indo-Bangla joint
survey in 162 LBA enclaves over nationality preferences concludes.
OTHER
UPDATES:
FINANCE/BANKING:
I. Foreign
Equity composite cap:Banking, Defence ‘strategic’, not part of the new norm: The Government has done away with the
difference between the various forms of foreign investments including FDI, FII
and NRI by bringing in composite cap for foreign investments. Defence and
Banking sector would be kept out of the new provisions given their ‘strategic
importance’.
Currently, Foreign Investment of up to 74% of the paid up
capital is allowed in the banking sector while the permissible limits through
FIIs, FPIs and NRIs is 24% which can go up to 49% through a special resolution
by bank. FDI limit of a composite 49% is allowed in the defence sector but the
portfolio investment by FPIs/FIIs/NRIs and investments by FVCIs together cannot
exceed 24% of the total equity of the investee.
II.
Pay minimum
card due in 90 Days or get tagged as NPA: The RBI has asked banks to treat credit card accounts as
non-performing if the minimum due is not paid fully within 90 days of the
payment due date mentioned in the credit card statement.
SPORTS:
III. AmelieMauresmo
inducted into the International Tennis Hall of Fame: She is two time grand slam winner and former
number one tennis player of France.
IV. ShubhamJaglan
wins World Junior Golf Championship: He defeated Australia’s Jeffrey Guan to win the World
Junior Golf Championship in San Diego, California.
AWARDS:
V. Kerala Tourism’s Muziris Heritage
Project wins award:
Kerala Tourism has won this year’s prestigious Pacific Asia Travel Association
(PATA) Gold Award for its Muziris Heritage Project, aimed at restoring the
historical and cultural significance of the ancient town that stretches across
North Paravur in Ernakulam to Kodungalloor in Thrissur. The award is sponsored
by Macau Government Tourism Office (MGTO).
VI. Indian Origin Doctor Shiv Pande receives
honorary fellowship in UK:He has been
given the fellowship by the prestigious University of Central Lancashire of
United Kingdom.
OBITUARIES:
VII. Alex
Rocco, the actor known for his role in ‘Godfather’ died at the age of 79.
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