Current Affairs Update – 12th July, 2016

Hello and welcome to exampundit . Here are the Important Current Affairs of 12th July, 2016. These are important for the upcoming SBI PO Mains & UBI PO PGDBF Exams 2016.

• Private sector lender IDFC Bank
  on Tuesday bought South-India based microfinance lender Grama Vidiyal Micro Finance
  for an undisclosed amount.
• This is a first of its kind
  transaction where a bank has taken over a microfinance institution (MFI) and
  made it a subsidiary.
• Grama Vidiyal is the fifth
  largest MFI in India and has a customer base of 1.2 million, operating from 319
  locations across 65 districts of Tamil Nadu, Kerala Karnataka, Puducherry,
  Maharashtra, Gujarat and Madhya Pradesh.
• The asset under management was Rs
  1,502 crore as on March 31, with a quarterly profit of about Rs 15 crore.
• Some of the branches of the
  non-banking finance company would be converted into IDFC branches. IDFC Bank MD
  and CEO Rajiv Lall said, for the time being, Grama Vidiyal will continue with
  its own branding. Grama customers will get full access to banking services of
  IDFC.

• The Ministry of Health and Family
  Welfare on 11 July 2016 launched a nationwide Intensified Diarrhoea Control
  Fortnight (IDCF).
• The programme is an effort to
  decrease infant mortality caused by diarrhoea.
• The IDCF was launched by J P
  Nadda, Minister of Health and Family Welfare. It will be observed from 1 July
  to 23 July 2016 across the country.
• As per the statistics, 13
  children under the age of five die as a result of diarrhoea every hour in
  India.
• In 2015, over 21 lakh children
  were administered Oral Rehydration Solution (ORS) and zinc during the 15 days
  of the programme.

• The programme aims at covering over
  80% of children (of the 10 crore children below five years of age) affected by
  diarrhoea across India.
• The children will be administered
  ORS by the ASHA workers.
• The children will also be
  counselled about the benefits and the process of preparing ORS.
• Intensified community awareness
  campaigns on hygiene and promotion of ORS and Zinc therapy will be conducted at
  the state, district and village levels.

• Indian Navy’s long pursued
  endeavour of establishing a dedicated base for its Special Operation Forces –
  MARCOS (Marine Commandos) – INS Karna was commissioned here by Chief of Naval
  Staff Admiral Sunil Lanba.
• The establishment of the first
  base for Indian Navy’s elite force with capability to operate in all three
  dimensions of warfare – air, land and sea – in the homeport of the Navy on the
  Eastern Seaboard marks another milestone in Indian Navy bonding with the city
  of Visakhapatnam, Admiral Lanba said at the solemn ceremony organised on the
  campus of INS Kalinga at Bheemunipatnam here on Tuesday.

• President Pranab Mukherjee on 11
  July 2016 conferred the 51st Jnanpith Award on renowned Gujarati writer Dr. Raghuveer
  Chaudhari at Parliament Library Building, New Delhi. He was awarded with the
  India’s highest literary honour for the year 2015.
• He was given a cash prize, a
  citation plaque and a bronze replica of Goddess Saraswati.
• With this, he also became the fourth
  Gujarati literary artist to receive the prestigious award. The other Gujarati
  recipients of the award are poet Umashankar Joshi (1967), novelist Pannalal
  Patel (1985) and poet Rajendra Shah (2001).

• Bollywood superstars Shahrukh
  Khan and Akshay Kumar are among the world’s highest-paid celebrities of 2016,
  according to an annual list by Forbes.
• The list has been topped by
  American singer Taylor Swift with an earning of $170 million.
• Shah Rukh ranks 86th on the list
  with earnings of $33 million, while Akshay comes in on the 94th spot with $31.5
  million earnings.
• Akshay, 48, however slipped in
  ranks this year from 76th in 2015, Forbes said adding that he is one of
  Bollywood’s busiest leading men and banked top rupee for three hit films.
• The list also includes author
  James Patterson on the third spot followed by Real Madrid footballer Cristiano
  Ronaldo (4), basketball player LeBron James (11) and musician Madonna (12).
• Forbes said the world’s 100
  highest-paid celebrities pulled in $5.1 billion pre-tax during the June
  2015-2016 scoring period.
• In order to form the Celebrity
  100, FORBES evaluates front-of-the-camera talent across the entire
  entertainment world — idols from Hollywood to Bollywood appear alongside
  Swedish soccer stars and American basketball players.

• World Population Day was observed
  on 11 July 2016 with theme Investing in teenage girls.
• The theme focuses on the
  empowerment of teenage girls.

• Sanjay Gupta on 8 July 2016 was
  appointed as Chairman and Managing Director (CMD) of Konkan Railway Corporation
  Limited (KRCL).
• Prior to Gupta’s elevation, he
  had been working as Director (Operating & Commercial) of Konkan Railway
  since 30 September 2013. He had also been officiating as the CMD since 24
  November 2015 after the retirement of B P Tayal.

Regards

Team ExamPundit