Current Affairs Update – 14th July, 2015

Hello and welcome to ExamPundit. Here are the Important Current Affairs of 14th July, 2015. These are important for the upcoming SBI PO Mains and RBI Assistant 2015 Exams.

• India and Georgia on 13 July 2015 signed a Memorandum of
  Understanding (MoU) for cooperation in the field of election management and
  administration. The MoU was signed by Chief Election Commissioner of India
  Nasim Zaidi and Tamar Zhvania, Chairperson, Central Election Commission,
  Georgia.
• Till now, Election Commission of India has signed twenty
  MoUs with Election Management Bodies and international organizations across the
  world.

1. Promotion of exchanges of knowledge and experience in
   electoral processes
2. Exchange of information, materials, expertise and training
   of personnel
3. Production and distribution of materials pertaining to
   electoral systems, voting technology, voters’ education and awareness
4. Participation of women and minorities in electoral process

• The Nashik-Trimbakeshwar Simhastha Kumbh Mela began on 14
  July 2015. The year-long festival will end 11 August 2016.
• The festival, known as largest peaceful gathering in the
  world, began with the traditional ceremony of hoisting of flags and thousands
  of people taking a holy dip in Kushawart and Ramkund in Godavari River in
  Nashik and Trimbakeshwar.
• The ceremony at Trimbakeshwar was presided over by Union
  Home Minister Rajnath Singh and state Women and Child Welfare minister Pankaja
  Munde as chief guests, while Chief Minister Devendra Fadnavis presided over
  Nashik ceremony.
• To mark the festival, the civic body has set up ‘Sadhu-Gram’
  over 315 acres in Nashik and temporary tent-town is being supplied with
  toilets, 24-hour drinking water, LPG cylinders and electricity. Railways have
  decided to run 12 super-fast special trains between Nashik Road and Howrah on
  account of the Mela.

• The Union Ministry of Defence (MoD) and Union Ministry of
  Skill Development and Entrepreneurship (MSDE) on 13 July 2015 signed a
  Memorandum of Understanding (MoU) to facilitate strategic partnership on skill
  development and entrepreneurship.
• The MoU was signed by the Defence Secretary Shri G Mohan
  Kumar and his counterpart from MSDE Shri Sunil Arora. The MoU will provide
  impetus to use the skills of servicemen for the country when they retire from
  the Armed Forces.
• The MoU will be a harbinger of skill development in the
  country that will align the Armed Forces and the civilian field.

• Justice RM Lodha-headed panel on IPL Betting Scandal 2013 on
  14 July 2015 suspended Indian Premier League (IPL) franchise Chennai Super
  Kings (CSK) and Rajasthan Royals (RR) for two years. Suspension of two times
  IPL champion CSK and inaugural winner RR comes with immediate effect.
• CSK was suspended by the panel citing operation rules as CSK
  or India Cements took no action against Meiyappan.
• On the other hand, RR was suspended on account of being
  directly responsible for putting the game into disrepute and Raj Kundra’a
  action was unacceptable.
• The panel also suspended Gurunath Meiyappan and Raj Kundra
  from all cricket matches for life as they were found guilty of illegal betting.
  They both acted contrary to the spirit of the game.
• However, the panel gave no clarification on what happens to
  the six players who were mentioned in the sealed envelope submitted to the
  Supreme Court by the Justice Mudgal panel.

• The Income Tax (IT) Department on 13 July 2015 launched One
  Time Password (OTP) based e-filing verification system for taxpayers.
• This OTP will help in ending the practice of sending paper
  acknowledgement, called ITR-V, through post to the I-T Central Processing Centre
  (CPC) based in Bengaluru. 
• The facility can be accessed using internet banking, Aadhaar
  number, ATM and email.
• Central Board of Direct Taxes (CBDT) in its notification
  said that any taxpayer, whose income is 5 lakh rupees or below per annum and
  has no refund claims, can straightaway generate the ‘Electronic Verification
  Code’ (EVC) for e-filing and validating their Income Tax Return (ITR) through
  their registered mobile number and e-mail id with the department.

• Lieutenant General Man Mohan Singh Rai was on 13 July 2014
  appointed as the Vice-Chief of the Indian Army. Rai will succeed Lt Gen Philip
  Campose, who will superannuate the office on 31 July 2015.
• Presently, Rai is working as the Eastern Army Commander. He
  is from the Corps of Engineers and is an alumnus of National Defence Academy,
  Khadakwasla. He was commissioned from the Indian Military Academy (IMA),
  Dehradun, on 15 December 1976.
• Lt General Praveen Bakshi was appointed as the Army
  commander and moved to Eastern Command. Currently, he is serving as Chief of
  Staff, Northern Command.

• The board of directors of Gujarat International Finance
  Tec-City Company Ltd (GIFT) has appointed Ajay Kumar Pandey as the new MD &
  Group CEO of the company, while the incumbent head of GIFT, Ramakant Jha, will
  move to Mumbai as the CEO of IL&FS’ Smart City initiative, a statement said
  here.
• The appointment of Pandey as Managing Director & Group
  CEO of GIFT will be made effective from August 1, while he has been inducted as
  designate MD & Group CEO from July 14. The decision was taken at the board
  meeting held on July 13.
• The board thanked Jha, who successfully steered the GIFT
  project since November 2009, to make it India’s first global level ‘Smart City’
  as well as the country’s first International Financial Services Centre (IFSC),
  the statement said.
• The Centre is developing 100 Smart Cities in the country.
  IL&FS has been approached by various state governments to provide
  consultancy for developing smart cities. Considering Jha’s experience in the
  field of infrastructure, urban development, and Smart City development, IL&FS
  had requested him to spearhead the group’s Smart City initiative as CEO from
  August 1, it said.

• Filmmaker Vivek Agnihotri’s ‘Buddha in a Traffic Jam’ won
  the Best Original Screenplay award in the Foreign Language Category at the
  Madrid International Film Festival, Spain, which was held from 2 July – 11 July
  2015.
• It also had nominations in the categories Best Foreign
  Language Film and Best Lead Actress in a foreign language film for actress
  Mahie Gill at the fest.
• Earlier, the film was premiered at the 2014 edition of
  Mumbai International Film Festival in the India Gold category.

• An India-based software products and technology services
  company is among the winners of the prestigious Microsoft Country Partner of
  the Year Award for 2015, a recognition that honours the technology giant’s
  partner achievements across the globe.
• Comparex India Pvt. Ltd, headquartered in New Delhi, was
  honoured, along with 110 awardees in the category by Microsoft, at its Worldwide
  Partner Conference 2015.
• Another India-based IT company Quadrasystems.net was the
  finalist in the Cloud Productivity Partner of the Year category, Microsoft
  announced.

• Prime Minister Narendra Modi on 13 July 2015 returned to
  India after his six-nation tour of Russia and five Central Asian countries
  namely Kazakhstan, Kyrgyzstan, Uzbekistan, Tajikistan and Turkmenistan.
• During his eight-day visit, which took place from 6 July to
  13 July 2015, he met the leaders of the five nations namely President of
  Tajikistan Emomali Rahmon, President of the Kyrgyz Republic Almazbek Atambaev,
  President of Turkmenistan Gurbanguly Berdimuhamedov, President of Kazakhstan
  Nursultan Nazarbayev, and President of Uzbekistan Islam Karimov.
• During this visit, Modi also visited Russia and attended the
  7th BRICS summit and 2015 Shanghai Cooperation Organisation (SCO) held in Ufa.
  These two events became the highlight of the visit after PM Modi met and held
  talks with his Pakistani counterpart Nawaz Sharif and some other leaders.
• He flew back to India from Dushanbe the capital city of
  Tajikistan, which was the last stop of his visit.

• Prime Minister Modi, during his stay in Ufa in Russia,
  attended the Summit of the five-nation BRICS, which focused on economic and
  security cooperation.
• He also attended the Summit of the six-member grouping, the
  Shanghai Cooperation Organisation, SCO, which decided to grant full membership
  to India along with Pakistan.
• On the sidelines of the Summit, Modi held a meeting with
  Pakistan Prime Minister during which a host of significant decisions were taken
  to improve ties. One major decision was to speed up the trial in Mumbai attack
  case, including providing of voice samples of the accused.
• India-Pakistan joint statement was released at Ufa, Russia
• Head of BRICS (Brazil, Russia, India, China and South
  Africa) nations on 9 July 2015 released the Ufa Declaration. The 7th BRICS was
  held under the theme ‘BRICS Partnership – a Powerful Factor of Global
  Development’.
• Russian Direct Investment Fund (RDIF) on 8 July 2015 signed
  framework agreements for equity investments in infrastructure projects in BRICS
  countries
• To boost cooperation within the members of the BRICS
  (Brazil, Russia, India, China and South Africa), Prime Minister Narendra Modi
  proposed a 10 point initiative named as ‘Dus Kadam: 10 Steps for the Future’.

• Four Indians-Mishi Choudhary, Manish Dahiya, Sanjay
  Vijayakumar and Aarti Wig- were figured in the Asia 21 Young Leaders Class of
  2015 list that was released on 8 July 2015 in New York, the USA.
• These were part of 32 young leaders (under the age of 40),
  who were selected for the Asia 21 Class of 2015 by the Asia Society as part of
  its leader ship development programme.
• The selected leaders will be part of the Asia 21 Network
  where they will find mentors, potential collaborators, who are devoted to find
  solutions to most vexing socio-economic problems in the Asia-Pacific region.
• Asia 21 Network consists of young leaders from across the
  Asia Pacific, representing the private, public, and nonprofit sectors.

• India stood second among 40 countries in terms of Confidence
  in National Government in 2014 as per the Government at a Glance 2015 report
  that placed Switzerland at the top with Norway coming in third.
• The report was released on 6 July 2015 by the Organisation
  for Economic Co-operation and Development (OECD). It was based on a sampling
  survey of 1000 citizens in each country conducted by World Poll.
• Out of 1000 Indian citizens surveyed, 730 answered in the
  affirmative to the question related to confidence of citizens and businesses in
  government to do what is right and perceived as fair.
• However, between 2007 (pre financial crisis period) and
  2014, trust levels in India dropped by 9 percentage points.

• Legendary music director MS Viswanathan, who had scored
  music for over 1,000 films, passed away at his residence early this morning
  following illness.
• 88-year-old Viswanathan was being treated at a private
  hospital here for geriatric problems. The music director is survived by four
  sons and three daughters.
• Viswanathan was a much sought after music director, who had
  scored music for a number of yesteryear hits, starring the then screen idols
  M.G. Ramachandran and Sivaji Ganesan.
• He had scored music in all South Indian languages and also
  acted in many movies.
• Born in Palakkad in Kerala, Viswanathan had scored music for
  over 1,000 films, some of them in association with his partner Ramamurthy.
  Later they parted ways.
• The Tamil cinema industry condoled the death of Viswanathan
  with actors and producers describing his death as an irreparable loss.

Regards

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