Current Affairs Update – 12th July, 2015

Hello and welcome to ExamPundit. Here are the Important Current Affairs of 12th July, 2015. These are very important for the upcoming SBI PO Mains and RBI Assistant 2015 Exam.


PM Visits –

India signs 4 agreements with Kyrgyzstan


  • Voicing grave concern over rising trend of extremism and terrorism worldwide, India and Kyrgyzstan on Sunday signed four agreements including one to boost defence cooperation and hold annual joint military exercises.
  • The two countries also agreed to expeditiously consider signing an agreement on "combating international terrorism and other crimes".


List of agreements signed between India and Kyrgyzstan
  1. Agreement on Defence Cooperation: To deepen cooperation between India and Kyrgyzstan in matters relating to defence, security, military education and training, conduct of joint military exercises, exchange of experience and information, exchange of military instructors and observers etc.
  2. Memorandum of Mutual Understanding and Cooperation in the field of Elections: To deepen cooperation in matters relating to legislation on elections and referendums, modern systems and technologies, rights of elections process stakeholders as well as other issues of election administration. Signing of this MoU would build technical assistance and capacity support for the election commissions in electoral management and administration leading to a further strengthening of bilateral ties between India and Kyrgyzstan.
  3. MoU between Ministry of Economy of Kyrgyzstan and Bureau of Indian Standards (BIS) on cooperation in the sphere of Standards.
  4. Agreement on Cooperation in Culture: To deepen cultural cooperation between India and Kyrgyzstan in areas such as preservation of cultural heritage, organisation of folk arts, theatre, youth festivals and cooperation in of publishing and translation of literature, sports and physical culture, exchange of archival materials, history, geography etc.



India, Kyrgyzstan to hold annual joint military exercises

  • Prime Minister Narendra Modi, who arrived on Saturday night as part of his eight-day six-nation tour to Central Asia, emphasised the need to combat terrorism and extremism which he described as a threat without borders.
  • Seeking a peaceful and secure neighbourhood amidst threat of terrorism and extremism, India and Kyrgyzstan on Sunday signed four agreements including one on bolstering defence cooperation and holding annual joint military exercises.
  • Prime Minister Narendra Modi, who arrived here on Saturday night as part of his eight-day six-nation tour to Central Asia, emphasised the need to combat terrorism and extremism which he described as a threat without borders.
  • Noting that the bilateral defence ties are strong, he said a joint exercise 'Khanjar 2015' has just been completed.



Industry –

BigBazaar ties up with MobiKwik for mobile wallet service


  • Kishore Biyani-led BigBazaar and mobile payments platform MobiKwik has inked an exclusive tie-up to allow the retail firm’s customers to pay for purchases using mobile wallet facility.
  • The tie-up will be extended to other Future Group entities like Central, Brand Factory, Home Town and e-Zone in the coming quarter.
  • “MobiKwik wallet users can pay through their mobile at any BigBazaar payment counter by sharing their registered MobiKwik mobile number and an one-time-password (OTP) for verification of the transaction,” MobiKwik said in a statement.
  • This cashless and card-less shopping experience is now live across over 240 Big Bazaar stores across India, it added.
  • The tie-up is a part of MobiKwik’s offline retail expansion strategy, under which the company aims to tie up with 1.5 lakh offline stores and facilitate payments for 100 million users by 2015-2016.
  • MobiKwik’s partners include names like Cafe Coffee Day, WHSmith, PVR, Domino’s, Pizza Hut, Myntra, Jabong, MakeMyTrip, Yatra, BookMyShow, JustEat, eBay, ShopClues and Pepperfry.




Uber to accept credit card payments in India


  • US taxi-hailing app Uber Technologies on Sunday said it will accept payments through credit cards from its riders in India.
  • The service will start from July 13 and customer could now pay for all Uber rides using international and Indian credit cards, the company said.
  • It will be available to all Android users immediately while iOS users would be able to avail of this service in the coming weeks, it said.
  • Following RBI regulations, there shall be two factor authentication flow built in to the app, and customers would have to enter online banking pin or one-time password before company could charge the fare to customer’s card, Uber said in a statement.
  • Earlier, the company had run into regulatory hurdles with Reserve Bank raising objections to its payment system as it had not included the two-step authentication process. Uber was then asked to comply with the regulatory norms.
  • Following the RBI order, Uber changed its payment method and partnered with an India-based virtual wallet provider, Paytm.
  • The company said it will accept all major credit cards issued by Mastercard, Visa and American Express.



India –

India’s longest road tunnel to open for traffic next year


  • India’s longest road tunnel, being built on Jammu-Srinagar National Highway, will be opened for general traffic in July next year and would reduce the distance between the two cities by 30 kms.
  • Road Transport and Highways Minister Nitin Gadkari will visit Udhampur on Monday to witness “the final blast ceremony” where the National Highway Authority of India (NHAI) engineers will drill a hole through the final section of the tunnel between Chenani and Nashri.
  • The 9.2 km tunnel is part of 286 km-long four-laning project of the Jammu-Srinagar national highway.
  • Once this tunnel becomes operational it will reduce the traffic jams on National Highway-1A that occur due to snowfall and avalanche in winter at Patnitop, Road Transport and Highways Ministry said in a release.



Harsh Vardhan Inaugurates The 12th International Symposium on Antarctic Earth Sciences (Isaes) at Goa

  • Union Minister of Science and Technology and the minister for the Ministry of Earth Science (MOES) Dr. Harsh Vardhan, inaugurated the 12th International Symposium on Antarctic Earth Sciences (ISAES) at a function in Goa today.
  • Scientific sessions are scheduled for five days from 13-17th July 2015. Speaking on the occasion he said, Indian scientific expeditions to the continent hosting the southernmost frozen continent began nearly 35 years ago considering the fact that nature does not recognize political boundaries.
  • Prof. Jeronimo Lopez-Martinez, President, Scientific Committee on Antarctic Research (SCAR), was the guest of honour on the occasion.
  • The Themes for the Symposium include Antarctica and Supercontinent Evolution, Antarctic Surface Processes, Landscapes, and Links with Cryosphere and Climate, Antarctic Solid Earth Structure and Interactions with the Cryosphere: Antarctica, the Southern Ocean, and Evolution of Climate and the Global Cryosphere, amongst others.
  • The International symposium on Antarctic Earth Sciences (ISAES) is a SCAR-initiative aimed at showcasing Antarctic geoscience research, taking stock of the accomplishments of the International fraternity and providing guidance for future studies.
  • In its 50-year history, Japan has been the only Asian country to hold it with India being bestowed the honor to host the 12th such International symposium now.



Sports –

Sania Mirza First Indian Woman to Lift Women's Doubles Grand Slam


  • Indian tennis star Sania Mirza scripted history by becoming the first from the country to win a women's doubles Grand Slam trophy as she lifted the Wimbledon title with Swiss partner Martina Hingis after a stunning come-from-behind triumph, here.
  • Twelve years after turning Pro, 28-year-old Sania laid hands on her first women's doubles Major title when she and Hingis battled past the second seeded Russian team of Ekaterina Makarova and Elena Vesnina 5-7 7-6 (4) 7-5 in a thrilling final.
  • In what can be considered an interesting coincidence, it was at these very historic courts that Sania had won the women's doubles junior Wimbledon championship with Russian partner Alisa Kleybanova in 2003.
  • Sania had come close to winning a women's doubles Major in 2011 when she reached the French Open final with Elena Vesnina but ended up runners-up.
  • The trophy added to the list of firsts that Sania has against her name. She had become India's first woman player to win a Grand Slam when she won the Australian Open with compatriot Mahesh Bhupathi in 2009.
  • She later added the French Open (2012 with Bhupathi) and US Open (2014 with Bruno Soares) to her mixed doubles collection.


Novak Djokovic wins Wimbledon Men's Singles Title 2015


  • Novak Djokovic defends his Wimbledon title and is a nine-time Grand Slam champion.
  • The world No.1 defeated Roger Federer 7-6, 6-7, 6-4, 6-3.



India crush Zimbabwe by 62 runs to seal ODI series 2-0


  • India rode on a solid all-round performance, to comfortably crush Zimbabwe by 62 runs in the second One Day International, thereby taking an unassailable 2-0 lead in the three-match cricket series.
  • Batting first, India scored a decent 271 for eight in 50 overs, largely due to a 112-run opening stand between Murali Vijay (72) and skipper Ajinkya Rahane (63), who hit patient half-centuries to set up a fighting target.
  • In reply, Zimbabwe managed to score only 209 in 49 overs, as the bowlers maintained their stranglehold on the opposition throughout the entire duration of the hosts’ innings.
  • Losing three wickets in the first 11 overs including skipper and last match’s centurion Elton Chigumbura (9) turned the match decisively in India’s favour.
  • Chamu Chibhabha (72, 100 balls) top-scored, but that was never going to enough for the home team to cross the finishing line in this match.




World –

Malala Turns 18, Says World Failing Syrian Children

  • Malala Yousafzai told world leaders they were failing Syria's children, as the Nobel Peace Prize winner spent her 18th birthday today on the Syrian border.
  • As she became an adult, the teenager, who was shot by militants in her native Pakistan for campaigning for girls' rights, opened a school for more than 200 Syrian girls living in refugee camps in Lebanon's Bekaa Valley.
  • The Malala Yousafzai All-Girls School will offer education and skills training to girls aged 14 to 18.
  • "I am honoured to mark my 18th birthday with the brave and inspiring girls of Syria," Yousafzai said in a statement received in London.
  • The Pakistani teenager, who settled in Birmingham after being flown to Britain for treatment for gunshot wounds in 2012, also announced a new grant of $250,000 to support Unicef and UNHCR refugee programmes in Jordan.
  • The co-winner of the 2014 Nobel Peace Prize said she felt honoured to spend her birthday - the third annual Malala Day - with “brave and inspiring” girls from Syria.



Beijing to Restrict Population to 23 Mn to Curb Traffic Woes


  • China's national capital Beijing has announced plans to build a new administrative center adjacent to the city to address growing traffic woes while promising to limit its population to 23 million people.
  • The city would speed up construction of a "subsidiary administrative center" while promising to limit its population to 23 million people, an official announcement said here today at a key meeting of the ruling Communist Party of China.
  • During the meeting, a guideline was passed on promoting the integration of Beijing with its neighbouring Hebei Province and Tianjin Municipality.
  • The city's "subsidiary administrative center" would be "focused" on Tongzhou, a suburban district to the southeast, and its construction must have "remarkable progress" by 2017, according to the guideline.
  • The guideline also said the city must stick to its population control target of 23 million people. The city's total population stood at 21.5 million in 2014, according to official data, state-run news agency Xinhua reported.




Regards



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