Current Affairs Update – 19th July, 2015

• 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.

• 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.

• 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.

• 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.

• 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.

Regards

Team ExamPundit

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