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.



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