Current Affairs Update – 19th July, 2015

Hello and welcome to ExamPundit. Here are the Important Current Affairs of 19th July, 2015. These are Important for the upcoming RBI Assistant Exam and IDBI Manipal Exam.


Finance –

India, Russia sign customs pact to boost trade


  • With bilateral trade extremely low, India and Russia have initiated steps to remove hindrances and boost commerce by signing an agreement in the area of customs and moving to liberalise business visas.
  • Bilateral trade during the last year was just $9.51 billion and Prime Minister Narendra Modi and Russian President Vladimir Putin discussed ways to increase it when they met at Ufa on July 8.
  • The two countries have fixed a target of $30 billion to be achieved by 2025.



Rs 5.29 lakh crore investments grounded by MoU signed units

  • Investments of the order of Rs 5.29 lakh crore have been grounded by industrial units that have entered into memorandum of understanding (MoU) with the state government.
  • Out of 92 MoU-signed units, 43 projects have commenced production while seven others are under various stages of construction. Land acquisition is underway for 27 other projects whereas the balance 15 are yet to take off.
  • Together, these projects have generated direct and indirect employment for 143,474 people.
  • The bulk of the investments have been grounded by steel units. Steel companies have invested Rs 1.2 lakh crore. The state government had signed MoUs with 48 steel players out of which 32 have started either partial or full scale production.
  • The bulk of the investments have been grounded by steel units. Steel companies have invested Rs 1.2 lakh crore. The state government had signed MoUs with 48 steel players out of which 32 have started either partial or full scale production.



India –

India, Russia to jointly build 200 military helicopters


  • In a move aimed at boosting India’s defence sector, 200 helicopters will be manufactured in the country with Russian collaboration as part of intensification and diversification of their strategic ties.
  • The agreement, reached recently, is one of the several new defence projects on which the two countries are working on, including under the ambit of ‘Make in India’ programme, Indian Ambassador to Russia P.S. Raghavan told PTI here.
  • He underlined that the decades-old defence cooperation with Russia remains vibrant despite India purchasing military equipment from other countries, like the recent decision to buy 36 Rafale fighter aircraft from France.



World –

Indian-American to represent U.S. in International Chemistry Olympiad

  • A 16-year-old India-born chemistry wizard will represent the United States along with three other students in the annual International Chemistry Olympiad beginning on Monday in Azerbaijan.
  • Soorajnath Boominathan, a resident of Oklahoma State, has recently completed his graduation from the Oklahoma School of Science and Mathematics.
  • The competition consists of two exams that can last as long as five hours each and are given on separate days.
  • Subjects include organic chemistry, inorganic chemistry, physical chemistry, analytical chemistry and biochemistry.
  • Boominathan was born in India and has been living in Oklahoma for 10 years. He will soon enrol at the prestigious Massachusetts Institute of Technology.
  • The 47th annual Olympiad in Azerbaijan’s Baku will be held from July 20 to 29.



Sports –

Somdev, Yuki ensure India advance to World Group play-offs



  • A fired up Yuki Bhambri recorded his first ever victory in a live fifth rubber after Somdev Devvarman levelled the scores as India advanced to World Group Play-offs following a 3-2 win over New Zealand in the Asia/Oceania Group I Davis Cup tie, in Christchurch on Sunday.
  • Yuki was authoritative in his 6-2, 6-2, 6-3 drubbing of Michael Venus in the decider after Somdev levelled the tie with his 6-4, 6-4, 6-4 win over Marcus Daniell in the first match of the day.
  • Yuki, who was playing only his second live fifth rubber, came out all guns blazing against Venus, who had stunned Somdev in the first match of the tie.
  • The 23-year-old Delhi-lad turned out to be India’s hero in this tie as he won both his matches. He had lost the deciding fifth rubber against Serbia’s Filip Krajinovic in September in Bangalore last year.
  • Yuki stamped his class and authority right from the start and did not face a single break point till the sixth game of the third set.
  • Yuki asserted himself by breaking Venus twice in each of the first two sets, running away with a 2—0 lead.





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