Current Affairs Update – 13th July, 2015

Hello and welcome to ExamPundit. Here are the Important Current Affairs of 13th July, 2015. These are very Important for the upcoming SBI PO Mains 2015 and RBI Assistant 2015 Exam.

Finance/Banking/Industry –

SBI partners with

  • State Bank of India (SBI), the largest bank in India, has partnered online financial product aggregator ‘’ along with the bank’s subsidiary SBI CAP Securities.
  • “Under this arrangement, the bank will be able to display its home loan products on, generate leads and provide door-step delivery, thus improving the response time. offers end to end solutions to the home loan seekers from getting the customised quotes, comparison of the offers and submission of online application to SBI,” SBI said in a statement.
  • This partnership will help the bank to provide yet another online platform to the prospective tech savvy home loan borrowers to apply for SBI Home Loans online. The tie up with also highlights SBI’s strategy to augment its Home Loan portfolio by leveraging digital channels and increasing its presence in the digital/online space, it added.

Retail inflation up at 5.4% in June

  • Retail inflation rose to eight-month high of 5.4 per cent in June on costlier food items, fuel, housing, clothing and footwear even as prices of sugar and confectionery items eased during the month.
  • The retail inflation measured in terms of Consumer Price Index (CPI) was at 5.01 per cent in May. The rate of price rise was at 6.77 per cent in June last year.
  • Prices of pulses rose by 22.24 per cent in June over the same month last year, as per the data released by Central Statistics Office (CSO) on Monday.
  • The overall food inflation also increased to 5.48 per cent during the month under review, from 4.8 per cent in May.
  • However, it was lower than food inflation of 7.21 per cent in June last year.
  • The inflation for fruit and vegetables was 3.51 per cent and 5.37 per cent, respectively, in June.
  • Among others, milk and its products were costlier by 7.18 per cent in June over the same month last year.
  • Prices of protein-rich items such as ‘meat and fish’ rose by 6.99 per cent, while spices turned costlier by 9.71 per cent in the month.

HCL Tech to acquire assets of U.S.-based Trygstad

  • Country’s fourth largest software services firm HCL Technologies has said it will buy certain assets of Trygstad Technical Services in an all-cash deal.
  • Trygstad is a U.S.-based IT consulting services and solutions firm and has deep expertise in areas of core engineering, Internet of Things, embedded systems and Intelligent Systems.
  • The financial value and terms were not disclosed.

Flipkart offers Rs. 50,000 allowance to employees for adoption

  • After relaxing maternity and paternity policies, e-commerce major Flipkart is now offering an allowance of Rs. 50,000 to employees looking to adopt children.
  • The “adoption allowance”, effective July 10, can be used towards legal, agency, regulatory costs or any other expenses that may arise during the adoption process, a Flipkart spokesperson told PTI.
  • According to data from Central Adoption Resource Authority (CARA), 1,368 children found new homes in the January-March quarter of 2015. The adoption rates have been dismal in the country even though India has one of the largest population of children who are abandoned, deserted or are in institutional care.
  • According to the new policy, Flipkart will allow its female employees adopting a child below the age of 12 months the same benefits as under maternity leave policy, i.e., six months paid leave along with four months of flexible working hours.

PM Visits –

India, Tajikistan inked 2 agreements to strengthen bilateral relations

  • India and Tajikistan on 13 July 2015 signed two agreements/Memorandum of Understanding (MOUs) to further strengthentheir defence cooperation which is a strong pillar of strategic partnership between both the friendly nations.
  • The agreements were inked during the two-day visit of Prime Minister Narendra Modi to Tajikistan from 12 July to 13 July 2015.

Agreements signed include
  • Programme of Cooperation (POC) in the field of Culture for the years 2016-18: It envisages cooperation in the field of culture through exchange of expertise in protection, preservation and promotion of cultural heritage in both countries, exchange of information and experts and organization of cultural days in each other’s countries for greater cultural understanding between the countries.
  • Exchange of Note Verbale (NV) on setting up of Computer Labs in 37 Schools in Tajikistan: The Note Verbale conveys the intention of Indian side to set up computer labs in 37 schools in Tajikistan for supporting Government of Tajikistan’s human resource and skill development efforts. The NV also outlines responsibilities of both sides in implementing the project.

The two leaders Prime Minister Narendra Modi and President of Tajikistan Emomali Rahmon also agreed to promote the International North South transport corridor (INSTC). The INSTC is the ship, rail, and road route for moving freight between India, Russia, Iran, Europe and Central Asia.

India –

India test-fires Nag anti-tank missile from helicopter platform

  • In fresh trials, India has test-fired its indigenously developed Nag anti-tank guided missile, which can hit a target upto seven km, from a helicopter at a firing range in Jaisalmer in Rajasthan.
  • Three-round trial of helicopter-launched Nag (HeliNa) missile was conducted yesterday at the Chandhan firing range.
  • HeliNa is a helicopter-launched version of Nag and has been developed by the Defence Research and Development Organisation (DRDO) under the Integrated Guided Missile Development Programme (IGMDP).
  • The missile was aimed at hitting targets at varied distances of upto 7 km.
  • While Nag missile has a maximum range of 4 km, the IIR seeker proved to be accurate only up to 2.5 km in extremely hot conditions in the trials conducted earlier.
  • Sources said the problem with the Nag was its range.
  • Once inducted in the Armed Forces, the HeliNa missile will be integrated with the weaponised version of the Advanced Light Helicopter (ALH) Dhruv, the light combat helicopter produced by Hindustan Aeronautics Ltd (HAL).

CBI constituted 40 members team to probe multi-crore Vyapam scam

  • Vyapam scam was in news in July 2015 as Central Bureau of Investigation (CBI) on 12 July 2015 constituted a special team of 40 officers, under a Joint Director level officer, to probe the multi-crore Vyapam scam of Madhya Pradesh.
  • Vyapam scam is an admission and recruitment scam involving politicians, senior officials and businessmen in Madhya Pradesh. The scam involved a collusion of undeserving candidates, who bribed politicians and MPPEB officials through middlemen, to get high ranks in these entrance tests.
  • The CBI constituted the team following the direction of Supreme Court (SC) of India. SC bench headed by Chief Justice of India HL Dattu on 9 July 2015 transferred the probe of all cases related to Vyapam scam to the CBI. It also asked the agency to file its report before it on 24 July 2015.
  • Earlier, the case was being handled by a Special Task Force and was monitored by the High Court.

Union Government appointed lawyer Rodrigo Oreamuno to arbitrate Vodafone tax case

  • The Union Government on 12 July 2015 appointed international lawyer Rodrigo Oreamuno to arbitrate with the UK telecom major Vodafone in the 20000 crore rupees tax case on its behalf. Oreamuno replaces former Chief Justice of India RC Lahoti, who recused himself in May 2015.
  • Vodafone already named Yves Fortier of Canada as its nominee on the panel. Now, Oreamuno and Fortier would name a third arbitrator, who will act as a chairman of the tribunal for the case.
  • The Union Government and Vodafone had earlier decided to appoint Abdulqawi Ahmed Yusuf of the International Court of Justice as the third arbitrator. However, he declined to be part of the three-member panel in June 2015.

Awards & Honors –

Shreya Ghoshal Receives Sera Sera Bangali Award in Houstan

  • Popular Bollywood playback singer Shreya Ghoshal was presented with the Sera Sera Bangali award (the Best of the Best Bengali honour) at Houston North American Bengali Conference 2015.
  • The 31-year-old playback singer considers it one of her most "special" awards.
  • Shreya was here to attend the 35th Banga Sammelan that is underway at GRB Convention Center, which was attended by over 6000 North American Bengalis from all over USA and various other artists from India.
  • The singer is touring US for the fifth time, which kicked off yesterday here.
  • She is scheduled to perform in Washington, today. Los Angeles, San Francisco Bay Area, Cincinnati and Tampa will be her other stops.

Tata Steel’s West Bokaro Division conferred with Golden Peacock Environment Management Award 2015

  • Tata Steel's West Bokaro Division was on 11 July 2015 conferred with the Golden Peacock Environment Management Award (GPEMA) 2015 in New Delhi.
  • It was presented by the Union Environment, Forest and Climate Change Minister Prakash Javadekar to Sanjay Rajoria, General Manager of West Bokaro, Tata Steel of Jharkand.
  • Tata Steel won the coveted award for its responsible environmental practices and resource management while upgrading the skills of employees through training as new technologies evolve.

Sports –

Paes-Hingis won mixed doubles final at Wimbledon

  • Seventh seed Indo-Swiss pair of Leander Paes and Martina Hingis on 12 July 2015 won mixed doubles title at Wimbledon. In the final clash, the duo defeated the fifth seed Austrian-Hungarian team of Alexander Peya and Timea Babos 6-1, 6-1.
  • It was Paes’ 16th Grand Slam trophy and eighth mixed doubles title. Overall it was 18th Major title for the Swiss and third in mixed doubles.
  • This was second mixed double win for Paes and Hingis together. They had won the Australian Open in February 2015.

Indo-Vietnamese pair Sumit Nagal-Nam Hoang Ly won 2015 Wimbledon Boys’ Doubles title

  • The Indo-Vietnamese pair Sumit Nagal-Nam Hoang Ly on 12 July 2015 won the 2015 Wimbledon Boys’ Doubles title by defeating Opelka and Akira Santillan in the final match held in London.
  • The eighth seeded pair defeated the fourth seeded USA-Japanese pair 7-6 (4) 6-4.
  • With this win, the 17-year- old Sumit Nagal became the sixth Indian to win a Grand Slam junior title.
  • Ramanathan Krishnan (1954 Wimbledon), Ramesh Krishnan (1979 French Open and Wimbledon), Leander Paes (1990 Wimbledon and 1999 U.S. Open), Sania Miraza (2003 Wimbledon Girls Doubles) and Yuki Bhambri (2009 Australian Open) are the other junior Grand Slam singles champions from India.

Appointments –

LG Electronics India appoints Kim Ki-Wan as MD

  • LG Electronics has appointed Kim Ki-Wan as the new Managing Director of its India operations effective August 1. He is currently the Executive Vice-President of LG’s Home Entertainment Overseas Sales & Marketing Group, the company said on Monday.
  • Kim, who has been with LG for over 30 years, has held various positions. He will replace Soon Kwon who will take over as the global head of LG’s Information Display business. Kwon, who held the position of MD of the India operations for the past five years, will relocate to LG’s Korea headquarters.

Books & Authors –

Green Signals: Ecology, Growth, and Democracy in India written by Jairam Ramesh

  • The book Green Signals: Ecology, Growth, and Democracy in India was in news in the second week of July 2015. It was written by former Union Environment and Forest Minister (Independent Charge) Jairam Ramesh.
  • It unveils the story of environmental policy making in India from the perspective of a pivotal decision maker.
  • It chronicles India's environmental decision-making since the 1991 movement, telling the story of how, for the first time, the doors of the environment ministry were opened to voices, hitherto unheard, into the policy-making process.

Obituaries –

Nintendo's Iwata Dies at 55

  • Satoru Iwata, who led Japanese video game company Nintendo Co through years of growth with its Pokemon and Super Mario franchises, died on Saturday after a lengthy illness, prompting emotional tributes from game fans and industry rivals. He was 55.
  • The company's statement today said Iwata died of a bile duct tumor.
  • There was a torrent of sorrow online for Iwata as a person dedicated to entertaining others. On Twitter, fans thanked him for childhood memories and for bringing families together. On some Internet sites, an image of the flag in the Super Mario game was flying at half-staff.
  • Nintendo America announced it was suspending social media activity for the day "in remembrance" of Iwata.
  • Iwata led Nintendo's development into a global company, with its hit Wii home console and DS handheld, and also through its recent troubles caused by the popularity of smartphones.


Team ExamPundit


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