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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