News Updates and Current Affairs 28 July – 31 July

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News & Current Affairs 28 July – 31 July

News Updates 31 July

1.  Centre to put Rs 20,000 crore more as capital infusion in public sector banks this year.

The government has decided to infuse capital to the tune of Rs 20,000 crore in public sector banks, Financial Services Secretary Hasmukh Adhia said. 50%, or Rs 10,000 crore of this money will find its way to “weak” banks. Read More



2.  Rajendra Srivastava of Singapore Management University to be next dean of ISB.

Rajendra Srivastava, the Provost and Deputy President and Professor of Marketing at Singapore Management University, will be the next Dean of Indian School of Business (ISB) with effect from January 1, 2016. Read More





3.  BHEL signs three MoU in Kazakhstan for power projects.

Bharat Heavy Electronics Limited (BHEL) has signed three strategic agreements with Kazakhstan companies in order to deepen its roots in Central Asia.

BHEL will work with JSU on projects of mutual interest; JSU is the national power utility of Kazakhstan having a major share in the Kazakh power sector. Read More





4.  India’s 10 companies in Forbes Asia Fabulous 50 list.

Forbes Asia Fabulous 50 list released on the eve of its 10th Anniversary has listed 10 Indian companies which stands second after China in terms of number of companies listed. Read More



5.  Japan’s Nikkei buys Financial Times in $1.3-bn deal.

The two leading financial news operations from Europe and Asia are now together, as Nikkei Japanese media group is going to buy the Financial Times from Britain’s Pearson in a $1.3 billion. Read More





6.  DIPP accepts ADB, JICA plans on industrial corridors.

Department of Industrial Policy and Promotion (DIPP) has given nod to Asian Development Bank’s (ADB) and Japan International Cooperation Agency (JICA) for their conceptual development plan (CDP) report on Vizag Chennai Industrial Corridor (VCIC) and Chennai-Bengaluru Industrial Corridor (CBIC) respectively.

On 22 April 2015, Andhra Pradesh government approved to take loan assistance from ADB for the development of proposed Visakhapatnam-Chennai Industrial Corridor (VCIC) project. The conceptual development plan report was in pipeline to receive nod from DIPP to carry forward it’s on ground development. Read More


7.  India to surpass China’s population by 2022: UN Report

India is going to become the most populous nation in the world by surpassing China in 2022.

It was revealed in recently released United Nation’s report titled ‘World Population Prospects: The 2015 Revision’ indicating India’s population growth within next seven years. Read More


News Updates 30th July

8.  Shri APJ Abdul Kalam buried with full state honours.

The mortal remains of former President APJ Abdul Kalam, who passed away on Monday, was laid to rest with full state honours, including a 21-gun salute at his native island town, Rameswaram, in Tamil Nadu on Thursday afternoon. Read More



9.  Anuradha Roy’s ‘Sleeping on Jupiter’ shortlisted for Man Booker Prize.

Indian writer Anuradha Roy’s latest work on the malaise of sexual abuse in India has been shortlisted for the Man Booker Prize 2015.

Her book ‘Sleeping on Jupiter’ that tells the story of Nomi and is set in Jarmuli – a city of temples and a centre of healing on the edge of the ocean has made it among the 13 books selected for the £50,000 literary prize. Read More



10. Procter & Gamble (P&G) appoints David Taylor as its new CEO.

Procter & Gamble (P&G) has appointed its company veteran David Taylor as the new CEO by replacing A G Lafley on 29 July 2015.

The world’s largest household products maker P&G has appointed new CEO in wake of sluggish sales in developed countries. And recently has also announced to sell off its 40 brands to the perfume maker Coty Inc for USD 12.5 Read More

11. Kalyani Group partners with Israel’s Rafael to make Spike Missile.

India’s Kalyani Group and Israel’s Rafael have partnered to produce Spike Anti-Tank Guided Missiles (ATGM) in India.

In this regard both the entities have formed a manufacturing Joint Venture (JV) and this move is considered to deepen India-Israel strategic cooperation. Read More




12. Kotak bank launches ‘Kotak Bharat’ mobile banking app for ‘un-banked’ regions.

Kotak Mahindra Bank (KMB) launched a mobile banking app ‘Kotak Bharat’ aiming to provide mobile banking services to customers in the remotest regions of India.

The Android-based app is specifically designed to provide banking service to customers in the under-banked and un-banked regions with provision to use service in their preferred language. Read More





13. Gates Foundation world’s wealthiest private charitable organisation.

The Bill & Melinda Gates Foundation has topped the list of the world’s wealthiest private foundations established by living ultra high net worth (UHNW) individuals, according to a Wealth-X report.

With total assets of USD 43.4 billion, the Gates Foundation accounts for more than half of the combined assets of the 10 charitable foundations on the list, the global wealth intelligence and prospecting firm has said. Read More


14. Flipkart launches ‘India Art House’ for handicraft lovers.

E-commerce major Flipkart on July 30 launched India Art House, an exclusive online store offering sellers a platform to promote regional products.

With over seven million artisans, India is globally known for its unique artifacts and traditional products. India Art House aims at bringing products from artisans under one roof and offer them access to a wide set of customers across geographies. Read More

15. Paytm bags BCCI sponsorship rights.

Mobile marketplace and payments site Paytm has bagged the title sponsorship rights of BCCI (Board of Control for Cricket in India) for Rs. 203 crore. Read More


News Updates 29th July

16. Sanjeev Chaturvedi, Anshu Gupta win Ramon Magsaysay Award.

Whistleblower bureaucrat Sanjeev Chaturvedi and human rights activist Anshu Gupta are among five persons from India, Laos, Myanmar, and the Philippines who will receive Asia’s coveted Ramon Magsaysay Award. Read More



Anshu Gupta, the founder of NGO Goonj, the statement said, is being recognised for “his creative vision in transforming the culture of giving in India, his enterprising leadership in treating cloth as a sustainable development resource for the poor, and in reminding the world that true giving always respects and preserves human dignity.”


17. Dr. Suniti Solomon, Pioneering Indian HIV/AIDS Researcher, Dies at 76.

India’s foremost HIV/AIDS researcher Dr. Suniti Solomon, who documented the nation’s first HIV case before setting up the first voluntary testing and counseling center for the disease, died Tuesday at her home in the southern city of Chennai. Read More



18. Gujarat makes voting compulsory in local body polls.

Gujarat became the first state to have a provision for compulsory voting with the state government on Monday putting out a notification in this regard. Read More



19. World Hepatitis Day observed with theme ‘Prevent hepatitis. Act now’.

World Hepatitis Day was observed across the world on 28 July 2015 with the theme Prevent hepatitis. Act now. The day acts as a significant global platform for raising awareness about hepatitis and influence real change in disease prevention, testing and treatment. Read More


20. World Tiger Day infographic: India home to 70% of world’s tigers.

World Tiger Day is an annual celebration to raise awareness for tiger conservation, held every year on 29 July. It is a day to promote a global system for protecting the natural habitats of tigers and to raise public awareness and support for tiger conservation issues. Read More

21. Former South African cricketer Clive Rice passes away.

Former South African all-rounder cricketer Clive Rice passed away in Johannerburg, South Africa. He was 66 and was suffering from brain tumour. Read More





22. GM to invest $1 bn in India; to launch 10 Made-in-India vehicles over 5 years.

General Motors, as part of Chevrolet’s global growth strategy, on Wednesday said it will invest Rs. 6,400 crore ($1 billion) in India to strengthen its market here over the next five years. Read More


23. ADB to give $ 300 m loan to India.

The Asian Development Bank (ADB) will extend a loan of $ 300 million to India for improving road connectivity and increasing the domestic and regional trade along the North Bengal—North Eastern Region (NER). Read More

24. Centre approves Rs 1,000 cr for India-Bangladesh rail link.

The Indian government has sanctioned around Rs.1,000 crore for a 15-km India-Bangladesh railway project, an official said on Sunday. Read More

25. Physicist P. Hariharan passes away.

Eminent physicist P. Hariharan died on Sunday in Berkeley, California. He was 89.

Dr. Hariharan was the son of Prof. H. Parameswaran (H. P. Waran) of Presidency College and the son-in-law of Alladi Krishnaswamy Iyer.  He was born on December 24, 1926. Read More


26. IT Secretary R S Sharma appointed as TRAI chairman.
Information Technology Secretary Ram Sevak Sharma on Monday was appointed chairman of the Telecom Regulatory Authority of India (Trai).
ii. Sharma was set to retire in September as secretary of department of electronics and information technology. A 1978-batch IAS officer of the Jharkhand cadre, he was a probable choice because of his familiarity with the telecom and IT sector. Read More

27. Mexico Defeat Jamaica 3-1 in Gold Cup Final.

Andres Guardado became the first player to score in three Gold Cup finals and Mexico defeated Jamaica 3-1 on Sunday, stretching their record trophy total to seven. Read More



28. Renault India Ropes in Ranbir Kapoor as Brand Ambassador.

Automobile manufacturer Renault India on Monday announced that it has roped in actor Ranbir Kapoor as its brand ambassador.  Renault is celebrating its fourth year anniversary in India this July and is progressing towards a new and dynamic phase of growth. This association will leverage the versatility and legacy of both Renault and Ranbir, as he represents the underlying brand promise of Renault — ‘Passion For Life’. Read More


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