Friday, July 10, 2015

Current Affairs Update – 10th July, 2015

Hello and welcome to ExamPundit. Here are the Important Current Affairs of 10th July, 2015. These are important for the upcoming SBI PO Mains and RBI Assistant 2015 Exam.


Finance/Banking –

RBI released Final Guidelines on PPI for Mass Transit System (PPI-MTS)


  • The Reserve Bank of India (RBI) on 9 July 2015 released the final guidelines on Prepaid Payment Instruments for Mass Transit System (PPI-MTS). The issued guidelines enable the issuance of a separate category of semi-closed prepaid payment instruments for mass transit systems.
  • The PPI-MTS will enhance commuter convenience and will also facilitate the migration to electronic payments in line with the country’s vision of moving to a less-cash society.
  • The PPI-MTS can be used within the mass transit systems and will have a minimum validity of six months from date of issue. Such PPIs will be reloadable instruments subject to an outstanding limit of 2000 rupees at any point of time.
  • Apart from the mass transit system, such PPI-MTS can be used at other merchants whose activities are allied to or are carried on within the premises of the transit system.



Exim Bank, BRICS member development banks ink MoU with NDB

  • Export-Import Bank of India (Exim Bank) today said it has signed a multilateral agreement to cooperate with New Development Bank (NDB) along with other member development banks of BRICS nations.
  • New Development Bank (NDB) is promoted by the BRICS nations -- Brazil, Russia, India, China, and South Africa.
  • The agreement was signed between Exim Bank Chairman and Managing Director Yaduvendra Mathur and Chairpersons or Presidents of other member development banks of BRICS in Ufa, Russia during the BRICS Summit 2015, a bank release said.
  • Exim Bank also signed a cooperation agreement with Brazilian Development Bank (BNDES).
  • This MoU is aimed at sharing of knowledge, information and best practices; capacity building of personnel, including project development skills; promotion of joint events, research and programmes; development of effective and sustainable financing solutions for projects of mutual interest.



E-commerce overtakes BFSI to become second largest office space occupier


  • E-commerce has overtaken banking and financial services (BFSI) as the second largest occupier of office space in India after information technology (IT), said global property consultants CBRE.
  • A key development witnessed in the second quarter (Q2) is the spurt in office space leasing by online retail companies – Amazon, Flipkart and Snapdeal – particularly in the National Capital Region (NCR) and Bengaluru.
  • “This led to the sector emerging as the second-largest occupier of office space during Q2 with a share of about 17 per cent, followed by banking and financial services at around 16 per cent. With a share of approximately 36 per cent, IT/ITeS remained the largest occupier of office space across the leading cities – Chennai, NCR, Mumbai, Hyderabad, Pune, Kolkatta and Bengaluru,” said Anshuman Magazine, Chairman and Managing Director of CBRE, South Asia.
  • The total office space absorption for the January-June period stood at about 13 million square feet, a decline of 12 per cent when compared to H1 2014.
  • As for transaction activity, it was mostly led by office leasing in Bengaluru (28 per cent), Delhi NCR (23 per cent) and Mumbai (20 per cent); while smaller cities such as Chennai and Pune contributed around 25 per cent in their transaction market shares.
  • Leasing activity rebounded in Q2 with more than 8 million square feet of office space absorbed across the seven cities – Chennai, NCR, Mumbai, Hyderabad, Pune, Kolkata and Bengaluru. Quarter-on-quarter basis it has risen 70 per cent.



India gets full membership of Shanghai Cooperation Organisation


  • Shanghai Cooperation Organisation (SCO) today decided to include India as a full member, prompting Prime Minister Narendra Modi to offer to work with the six-member grouping to enhance connectivity, combat terror and create an environment for boosting trade by easing barriers.
  • India, which has an Observer status for the past 10 years, will technically become the member by next year after completion of certain procedures.
  • Beijing-based SCO currently has China, Russia, Kazakhstan, Kyrgyzstan, Uzbekistan and Tajikistan as members.
  • Along with India, the process to include Pakistan as a member was also initiated here today.
  • India was made an Observer in the SCO in 2005 and it made an application last year for full membership of the grouping whose focus is on connectivity, counter-terrorism cooperation, bolstering cooperation in energy sector, enhancing trade and dealing with drug trafficking.


India –

Bharat Electronics-made Akash inducted into Indian Air Force


  • Defence PSU Bharat Electronics made Akash inducted into Indian Air Force.
  • BEL, the nodal agency and supplies major sub-systems, today at a ceremony held at Air Force Station, Gwalior, handed over the missile system.
  • Akash is a great success story of the ‘Make in India’ initiative and Bharat Electronics Limited is proud to be a part of it. Barring a few electronic components, every bit of Akash has the ‘Made in India' tag. Almost 92 per cent of the total cost of inputs is sourced within India.
  • The induction of Akash into the Indian Air Force was marked by the symbolic handing over of the ‘key’ of the weapon system by S K Sharma, Chairman and Managing Director, BEL, to the Defence Minister, Manohar Parrikar, who in turn handed over the key to Air Chief Marshal Arup Raha, Chief of the Air Staff.
  • S Christopher, Director General, DRDO, was present. The ceremony was also attended by senior dignitaries of the Ministry of Defence, Indian Air Force, DRDO and Defence PSUs.



India’s 1st Earthquake Warning System successfully installed in Uttarakhand

  • An Earthquake Warning System (EWS) was successfully installed in Uttarakhand, Dehradun in the first week of July 2015. With this, Uttarakhand became first Indian state to install a system that can detect earthquakes and disseminate warnings.
  • The system was designed and manufactured by Italian firm Space Dynamics which already installed this system in Japan, Italy and US. The system will issue warnings 1-40 seconds before the occurrence of earthquakes of magnitude 5 or more.
  • According to the Bureau of Indian Standards (BIS), Uttarakhand falls under Seismic Zone –V, which is a zone of high seismic activity with magnitude of 6.9 or greater on Richter scale. Apart from it, Jammu and Kashmir, Himachal Pradesh, Rann of Kutch (Gujarat), Northern Bihar and Andaman & Nicobar Islands also fall under this seismic zone.



India, USA signed MoU on cooperation to establish PACESetter Fund

  • India and the USA on 30 June 2015 signed a Memorandum of Understanding (MoU) on cooperation to establish the PACESetter Fund in New Delhi.
  • The agreement was signed by Upendra Tripathy, Secretary, Ministry of New and Renewable Energy (MNRE) and Richard Verma, United States Ambassador to India.
  • The PACESetter Fund is meant to support the Promoting Energy Access Through Clean Energy (PEACE) track of the USA-India Partnership to Advance Clean Energy (PACE).
  • It was established with a corpus of about 50 crore rupees with both the countries contributing equally.
  • To oversee the fund, a steering Committee comprising the Secretary of the MNRE and the United States Ambassador to India, and three representatives from each side has been constituted.

Features of USA-India Partnership to Advance Clean Energy (PACE)
  • It is a flagship initiative on clean energy that combines the resources of several U.S. agencies and GOI Ministries.
  • It is aimed accelerating the commercialization of off-grid clean energy through early-stage grant funding grants to develop and test innovative products, systems and business models.



Summit –

7th BRICS Summit held in Ufa, Russia


  • The seventh BRICS (Brazil, Russia, India, China and South Africa) summit was held from 8 to 9 July 2015 in the Russian city of Ufa in Bashkortostan. It was held under the theme BRICS Partnership – a Powerful Factor of Global Development.
  • The summit was attended by the Prime Minister Narendra Modi and Dilma Rousseff, Vladimir Putin, Xi Jinping and Jacob Zuma president of Brazil, Russia, China and South Africa respectively.
  • At the end of the summit, Ufa Declaration was released by the leaders that called for enhanced coordinated efforts in responding to emerging challenges, ensuring peace and security, promoting development in a sustainable way among the member countries.
  • Besides the BRICS summit level meeting, the leaders held a summit with the members of Shanghai Cooperation Organisation (SCO) and the Eurasian Economic Union (EEU).




Dus Kadam: 10 Steps for the Future proposed by PM Narendra Modi for BRICS countries

  • Prime Minister Narendra Modi on 9 July 2015 proposed a 10 point initiative named as ‘Dus Kadam: 10 Steps for the Future’ to boost cooperation within the members of the BRICS (Brazil, Russia, India, China and South Africa).
  • He proposed the initiative while addressing the 7th BRICS summit in Ufa, Russia.

The 10 steps of the proposed Dus Kadam are:
  1. BRICS Trade Fair (to be held during India's chairmanship in 2016)
  2. BRICS Railway Research Centre
  3. Cooperation among Supreme Audit Institutions
  4. BRICS Digital Initiative
  5. BRICS Agricultural Research Centre
  6. BRICS state/Local Government’s Forum
  7. Cooperation among cities in field of Urbanisation
  8. BRICS Sports Council and Annual BRICS Sports Meet
  9. First Major Project of NDB to be in field of Clean Energy
  10. BRICS Film Festival


India will be hosting the Eighth BRICS Summit in 2016.

Appointments –

Kolkata-based Bandhan Bank appointed its Chairman, Boards of Directors

  • Bandhan Bank Ltd on 9 July 2015 appointed its Chairman and Board of Directors. The bank will commence its operations in India from 23 August 2015. It will be the first bank to be established in Eastern India post Independence.
  • Ashok Kumar Lahiri, former Chief Economic Adviser to the Union Government, was appointed as the Chairman of the bank. While, Chandra Shekhar Ghosh, Founder of Bandhan Financial Services Ltd, was appointed as the Managing Director and Chief Executive Officer of the bank. They both will be in the board of directors as well.


Appointment of Directors
  • B. Sambamurthy, former Chairman and Managing Director of Corporation Bank
  • C M Dixit, Senior Partner at GD Apte & Co
  • Prof Krishnamurthy Subramanian, Associate Professor of Finance at Indian School of Business
  • Snehomoy Bhattacharya, Former Executive Director (Corporate Affairs) of Axis Bank
  • Pradip Kumar Saha, former Chief General Manager at Small Industries Development Bank of India
  • Sisir Kumar Chakrabarti, former Dy. Managing Director of Axis Bank
  • Bhaskar Sen, former Chairman and Managing Director of United Bank of India
  • TS Raji Gain, Chief General Manager of National Bank for Agriculture and Rural Development


 All these appointments are subjected to the approval of the Reserve Bank of India


Housing.Com Appoints Rishabh Gupta As Interim CEO

  • Realty portal Housing.Com has appointed Rishabh Gupta as interim CEO after it sacked co-founder and ex-CEO Rahul Yadav last week.
  • Gupta, who is currently Chief Operating Officer (COO) in the SoftBank-backed portal, has been named as interim CEO with immediate effect, sources said.
  • Rishabh Gupta, Haresh Chawla and Abhishek Anand (Chief Technical Officer) will be joining the company's operating committee, they added.
  • On July 1, Housing.Com's board had sacked Yadav with immediate effect, saying that his behaviour towards investors and media was not "befitting" of a CEO.
  • The company had also said that Yadav would not be an employee or part of the portal in any manner.
  • The board had unanimously agreed to bring Yadav's tenure to a close, with reference to "his behaviour towards investors, ecosystem and the media".



Sports –

Sunil Chetri goes to Mumbai City FC for Rs 1.20 crore


  • Mumbai City FC were successful with a 1.20-crore-bid for Sunil Chetri, resulting in a pairing of India’s leading striker with French ace Nicolas Anelka, the IS franchise player-manager in Hero ISL 2015.
  • Chetri, commanding the highest base price of Rs. 80 lakh in the 10-player auction at a city hotel on Friday, was a Free Agent and will be playing the ISL for the first time. He starred in the Bengaluru FC forwardline last season in the I-League.
  • Midfielder Eugeneson Lyngdoh got the next best bid, Rs. 1.05 crore against a base price Rs. 27.50 lakh and will represent FC Pune City. He was loaned to the ISL from Bengaluru FC.
  • Athletico de Kolkata, the ISL 2014 champion side, signed up defender Rino Anto, bidding Rs. 90 lakh against a base price of Rs 17.5 lakh, the lowest priced among Indian internationals put up for auction. He was loaned by Bengaluru FC.



Obituaries –

Renowned Urdu poet Bashar Navaaz passed away


  • Noted Urdu poet and critic Bashar Navaaz passed away on 9 July 2015 following a brief illness in Aurangabad, Maharashtra. He was 80. He was known as an Indo Pak shayar as his poetry is popular in India as well as in Pakistan.
  • Born on 18 August 1935 at Aurangabad, Maharashtra, Navaaz was famous for his writings that were regularly published in various Urdu literary journals magazines in India and abroad. His books Rayagan, Ajanabee samandar were very popular among gazal lovers.





Regards



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90 Responses to "Current Affairs Update – 10th July, 2015"

  1. S@M ((Version 0.2))July 10, 2015 at 10:07 PM

    Thank u dada :)

    ReplyDelete
  2. S@M ((Version 0.2))July 10, 2015 at 10:09 PM

    Ep's pleasure :P

    ReplyDelete
  3. S@M ((Version 0.2))July 10, 2015 at 10:09 PM

    Welcm :D

    ReplyDelete
  4. Discuss the pros and cons of the "Dus Kadam" with your common and basic knowledge replying to this comment!

    ReplyDelete
  5. Dus ka dum will boost india's think tank in various fields. All thanks to our PM Modi for proposing this initiative as he too proposed in NDB. This shows india's growing power in world

    ReplyDelete
  6. don't know , everything seems to be positive

    ReplyDelete
  7. dada can i ask u a question in ca page?

    ReplyDelete
  8. Ek Word hota hai Plagiarism jiska matlab hota hai-An act of fraud. It involves both stealing someone else's work..
    Aaj ek bahut hi famus website ki puzzle dekh kar aisa laga (Baman,Dhawan,Chaman wali puzzle)...ye puzzle mai yahan kar chuka hun aur same puzzle exactly copied by them ...even the answer diagram too...
    [KAM SE KAM NAAM TO CHANGE KAR DETE]
    ..
    Btw yahan kuch aisa nahi hai naya innovative hi kuch milta hai ..

    Thanks Anubhab (Dada)..

    ReplyDelete
  9. Ek Word hota hai Plagiarism jiska matlab hota hai-An act of fraud. It involves both stealing someone else's work..
    Aaj ek bahut hi famus website ki puzzle dekh kar aisa laga (Baman,Dhawan,Chaman wali puzzle)...ye puzzle mai yahan kar chuka hun aur same puzzle exactly copied by them ...even the answer diagram too...
    [KAM SE KAM NAAM TO CHANGE KAR DETE]
    ..
    Btw yahan kuch aisa nahi hai naya innovative hi kuch milta hai ..

    Thanks Anubhab (Dada)..

    ReplyDelete
  10. dada mujhe srf metro cities mei posting chahiye to EXIM better rhega 1st preference ya ECGC ?

    ReplyDelete
  11. dada in rrb can i give hindi as my local language proficiency from west bengal?or only give bengali as my local language

    ReplyDelete
  12. bhatia are u from odisha ?

    ReplyDelete
  13. Pros...dus kadam will bring collaboration and cooperation between all BRICS Nations..this initiative will help to grow nations..
    Cons...all countries have different policies..they have to follow some common rules for cooperation in this initiative...

    ReplyDelete
  14. no brother m frm mp

    ReplyDelete
  15. Ek Word hota hai Plagiarism jiska matlab hota hai-An act of fraud. It involves both stealing someone else's work..
    Aaj ek bahut hi famus website ki puzzle dekh kar aisa laga (Baman,Dhawan,Chaman wali puzzle)...ye puzzle mai yahan kar chuka hun aur same puzzle exactly copied by them ...even the answer diagram too...
    [KAM SE KAM NAAM TO CHANGE KAR DETE]
    ..
    Btw yahan kuch aisa nahi hai naya innovative hi kuch milta hai ..

    Thanks Anubhab (Dada).....

    ReplyDelete
  16. Thanks Dada ......:)

    ReplyDelete
  17. Ek Word hota hai Plagiarism jiska matlab hota hai-An act of fraud. It involves both stealing someone else's work..
    Aaj ek bahut hi famus website ki puzzle dekh kar aisa laga (Baman,Dhawan,Chaman wali puzzle)...ye puzzle mai yahan kar chuka hun aur same puzzle exactly copied by them ...even the answer diagram too...
    [KAM SE KAM NAAM TO CHANGE KAR DETE]
    ..
    Btw yahan kuch aisa nahi hai naya innovative hi kuch milta hai ..

    Thanks Anubhab (Dada)..

    ReplyDelete
  18. Ek Word hota hai Plagiarism jiska matlab hota hai-An act of fraud. It involves both stealing someone else's work..
    Aaj ek bahut hi famus website ki puzzle dekh kar aisa laga (Baman,Dhawan,Chaman wali puzzle)...ye puzzle mai yahan kar chuka hun aur same puzzle exactly copied by them ...even the answer diagram too...
    [KAM SE KAM NAAM TO CHANGE KAR DETE]
    ..
    Btw yahan kuch aisa nahi hai naya innovative hi kuch milta hai ..

    Thanks (Dada)..

    ReplyDelete
  19. S@M ((Version 0.2))July 10, 2015 at 10:40 PM

    Kya start...abhi dekha maine or suru bhi ho jau.....ye topic maine padha nahi yr..

    ReplyDelete
  20. ECGC = If you are sure about scoring WAY ABOVE AVERAGE
    Exim = Same!

    ReplyDelete
  21. sir please rc post kije quiz m

    ReplyDelete
  22. Does Indian Media only give "cricket" its attention?

    ReplyDelete
  23. yes , over attention

    ReplyDelete
  24. S@M ((Version 0.2))July 10, 2015 at 10:48 PM

    Yes...it seems

    ReplyDelete
  25. You are a marketing student, how do you give a positive statement on journalism?

    ReplyDelete
  26. What are the necessary steps you suggest?

    ReplyDelete
  27. -positive statement = assurance

    ReplyDelete
  28. means , in what sense positive?

    ReplyDelete
  29. You said "yes over attention", how are you sure about that?


    "Means" aise reply na do, its a huge turn off, "Sorry did not get you properly" aise dena

    ReplyDelete
  30. dada i am preparing hard for that

    can u plz tell me which is better ECGC OR EXIM

    ReplyDelete
  31. Both more or less same and awesome!

    ReplyDelete
  32. its because daily half n hours all paid news channels nearly at 7:30pm shows cricket news , even if there is no matched played any where or any match of india with anyone .
    These media people now a days prestitutes have been heavily paid by some people who investigates everything like some post mortem is going on.
    Where as national sports like hockey , kabbaddi are not shown to public , Infact india has a huge chance to qualify in football matches but sadly any media news highlights any thing about these sports

    ReplyDelete
  33. S@M ((Version 0.2))July 10, 2015 at 10:55 PM

    Actually Indians r obsessed about cricket superstar only..but this is nt the only sport where Indians r up to the mark ...we should give equal importance to every sport ...we should equally promote the sports and telecast and start taking.interest in each and every sport....we should encourage the national hockey sports on international level too..and make it as a pride...

    Out of track now

    ReplyDelete
  34. These media people now a days prestitutes have been heavily paid by some people who investigates everything like some post mortem is going on. - It will blacklist your career forever

    ReplyDelete
  35. thnx dada I'll definitely try hard to crack them :)

    ReplyDelete
  36. Give me 2 current scenario on indian sports (This week events) since you are so much concerned!

    ReplyDelete
  37. :) agar waise 35/35 laga diya to ECGC ghar aake le jaenge! All the best! :)

    ReplyDelete
  38. S@M ((Version 0.2))July 10, 2015 at 10:57 PM

    M sorry ..newz se aware nahi hu abhi :(

    ReplyDelete
  39. yes,not only Media..government also give attention to only cricket...

    ReplyDelete
  40. Why what wrong i have said , now i days i watch only DD News and my regional news channels. I have no faith and trust in news channel like Aaj Tak ,ABP,. All bogus. And now a days The Hindu in print media . Which paper shows its headlines or in online platform that Kareena - Saif doing holiday in London . You could put that up in ent sec but no it will be headline

    ReplyDelete
  41. Then how can you say? We are much aware about Sania Mirza and Martina Hingis reaching finals of wimbledon even ISL auctions, all covered by media. Whats your point? Give a strong but brief statement which will validate your statement.

    ReplyDelete
  42. "Prestitute" aise interview me bol diya! khatam

    ReplyDelete
  43. But government taking initiative to promote many games, today they launched a programme to promote boxing, we are also hosting 2017 wc. Then how come govt giving attention only to cricket?

    ReplyDelete
  44. S@M ((Version 0.2))July 10, 2015 at 11:02 PM

    This is wat I saw always ,cricketers r highlighted in newz ,whatever they r doing ,at a tym shows in newz,Indian women's hockey team.wing finals but nobody came to airport to welcm them...wat it means dada...they r waiting for auto holding trophee in their hands...this is wat the dominance of cricket ...
    Plz correct me if m wrong

    ReplyDelete
  45. To some extent we, the citizen are more responsible for this situation. Isn't it?

    ReplyDelete
  46. But Gen VK Singh is still in cabinet.
    i will not say anything like that but that word fits indian media .
    I still remember the scene when a ABP news reporter in kathmandu asking an injured old lady tho show her broken head and blood and 5-6ft from that place everything was shattered.
    Btw topic is media attention to cricket -
    even if u focus on cricket , what is the media;s need to peep inside Virat Kohli's personal life . When india wins or loses any match headlines in Aaj tak and Abp " Anushka ko virat ke liye cheer karte hue dekha gaya", "Virat ka anushka ko pitch se kiss".

    ReplyDelete
  47. S@M ((Version 0.2))July 10, 2015 at 11:07 PM

    Yes..partiality is everywhere which I saw..be it sports be it schools ,be it college ..we always talk about equality our ryr..but r we seriously following this?

    ReplyDelete
  48. Tell me, who is the captain of India's women's hockey team?


    Note: Don't use that above word! be formal and polite. Aggression se nahi hota!

    ReplyDelete
  49. Answer, I asked you the same question.

    ReplyDelete
  50. S@M ((Version 0.2))July 10, 2015 at 11:10 PM

    Yes dada...We the people r responsible for this

    ReplyDelete
  51. I agree now government taking Initiative...but Why India is so behind in football and other games compared to other nations ? when indian cricket team win any Cup..government give lakhs or even crores...but why not to other players..??

    ReplyDelete
  52. why sharad pawar is aggressively fighting for MCB election ?
    Anurag Thakur as well as jaitely sir too moving their hands in BCCI. Rajeev Shukla IPL chairman.
    tell me any reputed and popular chairman heading any other sports body?

    ReplyDelete
  53. doing double work GD and ep's june e-book reading :))

    ReplyDelete
  54. S@M ((Version 0.2))July 10, 2015 at 11:20 PM

    Bolke to jaya kro sab... :(
    Byee

    ReplyDelete
  55. Because most of us don't go to watch. Good point.

    ReplyDelete
  56. Rule 1. Don't Use Abusive Words
    2. Don't bring up names of People in cabinet or in news politically.

    ReplyDelete
  57. S@M ((Version 0.2))July 10, 2015 at 11:24 PM

    Abusive :(( ye kyu bolenge

    ReplyDelete
  58. kya dada 2nd point ek example thaa :((

    ReplyDelete
  59. The future of PPI - MTS - Bright or Dull?

    ReplyDelete
  60. Never. if it is strong, remove the names and say! "we see reputed people going after cricket elections but not football"

    ReplyDelete
  61. Ye kal ka topic h kya?

    ReplyDelete
  62. If you want you can reply now!

    ReplyDelete
  63. my friend i think the future of PPI-MTS is bright because when we look behind the success of prepaid instrument is very well known to us. whether it may be E-commerce or others., it has a successful history. Some companies which provides e-wallet will be a good medium of payment to MTS.

    ReplyDelete
  64. dada just check ibps website , something happened to that site

    ReplyDelete
  65. what happened !

    ReplyDelete
  66. landed in web1

    ReplyDelete
  67. S@M ((Version 0.2))July 10, 2015 at 11:36 PM

    Crashed

    ReplyDelete
  68. Yar. Plz koi. English ke liye. Batao

    ReplyDelete
  69. dada..rbi ke liye gk capsule hindi me provide kar dijiye..pls

    ReplyDelete