Current Affairs Update – 20th July, 2016

Hello and welcome to exampundit . Here are the important Current Affairs for 20th July, 2016. These are important for the upcoming SBI PO Mains and UBI PO PGDBF 2016 Exams.

Current Affairs at a Glance – 20th July, 2016

  1. State Bank of India (SBI), the country’s largest lender, as part of
    its ongoing stressed asset resolution process, has signed
    a memorandum of understanding (MoU) with Brookfield Asset Management Inc
    to collaborate on investments in stressed assets
    by forming a joint venture. SBI and Brookfield propose to form a joint venture
    (JV), whereby Brookfield will commit approximately Rs. 7,000 crore and
    SBI up to 5 per cent of total investments into stressed assets.
  2. Indian Railway Catering and Tourism
    Corporation (IRCTC)
    and the
    country’s largest public sector bank, State Bank of India (SBI), have signed
    a Memorandum of Understanding (MoU) to hammer out a detailed plan for promotion
    of rail ticketing activities
    , including internet ticketing and
    unreserved ticketing system.
  3. US technology giant Cisco
    said that it has have signed a
    Memorandum of Understanding (MoU) with Government
    of Jharkhand
    to enhance the IT skills of
    students
    of Engineering Colleges and Polytechnics across the State.
  4. The Odisha government on Wednesday signed
    a Memorandum of Understanding (MoU) with the World
    Trade Centre (WTC)
    to promote and
    strengthen export activities.
  5. The NITI Aayog on 19 July 2016 signed a Statement of Intent (SoI) with Intel
    India
    to start the Atal Tinkering Laboratories (ATL)
    initiative as a part of its flagship programme Atal Innovation Mission (AIM).
  6. India’s contestant Rohit
    Khandelwal
    won the coveted Mister World
    2016 title
    on 19 July 2016. The
    grand finale of Mr World 2016 was held at the Southport Theatre & Convention
    Centre in Southport, U.K. With this, Khandelwal has become the first Indian and
    Asian to win the Mr World title at the competition
    .
  7. Advay Ramesh, a Class 10 student
    from Chennai, on 19 July 2016 won the prestigious Google Community Impact Award
    from Asia, a theme based award part of Google Science Fair 2016.
  8. Nigerian journalist Didi Akinyelure on 19 July 2016 won the BBC World Service News
    Komla Dumor Award for 2016.
  9. Beverages company Coca-Cola on 19 July 2016 appointed Sarvita Sethi as the new
    Vice-President (Finance) for India and South West Asia.
  10. Steve Elworthy, the former South
    Africa fast bowler, on 19 July 2016 was appointed the Managing Director (MD) of
    the 2019 World Cup, which will be held in England and Wales.
  11. The Book titled The Great
    Derangement: Climate Change and the Unthinkable
    authored by Indian
    novelist Amitav Ghosh was released on 12 July 2016.
  12. Mohammed Shahid, one of the
    greatest names in Indian hockey, died on 20 July 2016 due to severe liver
    condition and kidney failure.
Finance/Banking/Industry –
SBI, Brookfield Asset Mgmt to collaborate on investment in stressed
assets
  • State Bank of India (SBI), the
    country’s largest lender, as part of its ongoing stressed asset resolution
    process, has signed a memorandum of understanding (MoU) with Brookfield Asset
    Management Inc to collaborate on investments in stressed assets by forming a
    joint venture.
  • SBI and Brookfield propose to
    form a joint venture (JV), whereby Brookfield will commit approximately Rs.
    7,000 crore and SBI up to 5 per cent of total investments into stressed assets.
  • Brookfield is a leading global
    alternative asset manager with over $240 billion of assets under management.
  • The proposed joint venture will
    independently evaluate and invest in various stressed assets, and will rely
    upon Brookfield’s operational expertise to manage recapitalised businesses. The
    proposed joint venture may, at a later stage, seek participation from other lenders
    in the identified assets.
  • SBI Chairman Arundhati
    Bhattacharya expressed optimism that this approach of collaborating with global
    players would enable the banks in general and SBI, in particular, to find an
    alternate solution for resolution of stressed assets.
  • She opined that such an approach
    would be more acceptable to both lenders and borrowers in cases where the
    promoters are not able to infuse funds and lenders are reluctant to take
    additional exposure.
IRCTC, SBI sign MoU on promotion of rail ticketing activities
  • Indian Railway Catering and
    Tourism Corporation (IRCTC) and the country’s largest public sector bank, State
    Bank of India (SBI), have signed a Memorandum of Understanding (MoU) to hammer
    out a detailed plan for promotion of rail ticketing activities, including
    internet ticketing and unreserved ticketing system.
  • Under the MoU, signed on Monday,
    the signatories “will jointly explore areas of cooperation and draw up a
    detailed plan for promotion of rail ticketing activities.”
  • IRCTC, a ‘mini Ratna’ PSU of
    Indian Railways which handles catering, tourism and Internet ticketing
    activities, and the SBI will also undertake development of Unreserved Ticketing
    System and “such other services which can be jointly undertaken”.
  • In addition, both parties will
    offer services jointly, subject to financial viability.
Cisco , Jharkhand sign MoU to enhance the IT skills of students
  • US technology giant Cisco said
    that it has have signed a Memorandum of Understanding (MoU) with Government of
    Jharkhand to enhance the IT skills of students of Engineering Colleges and
    Polytechnics across the State.
  • The partnership will focus on
    developing skills required for the new digital economy by providing them with
    the required technical knowledge through Cisco Networking Academy Program.
  • Cisco will setup up to 15
    networking academies in the State that will train up to 6000 students by 2020.
    The MoU was signed by Ajoy Kumar Singh, Secretary, Department of Higher &
    Technical Education, Government of Jharkhand and Dinesh Malkani, President,
    Cisco India & SAARC.
Odisha inks MoU with WTC for export promotion
  • The Odisha government on
    Wednesday signed a Memorandum of Understanding (MoU) with the World Trade
    Centre (WTC) to promote and strengthen export activities.
  • Odisha Small Industries
    Corporation (OSIC) of the state government signed the MoU with WTC, Mumbai.
  • Micro, Small and Medium
    Enterprises (MSME) Minister Jogendra Behera said Odisha has a huge potential to
    become a leader in various products and services.
  • The state government had formed
    OSIC for providing export marketing and service support to the MSE
    entrepreneurs of the state.
NITI Aayog, Intel India sign SoI to start Atal Tinkering Lab Initiative
for Young Innovators
  • The NITI Aayog on 19 July 2016
    signed a Statement of Intent (SoI) with Intel India to start the Atal Tinkering
    Laboratories (ATL) initiative as a part of its flagship programme Atal
    Innovation Mission (AIM).
  • The aim of setting up Atal
    Tinkering Laboratories is to build relevant skill sets among youngsters and to
    provide access to technology that will enable solutions.
Highlights of the Atal Tinkering Laboratories (ATL) initiative
  • These laboratories intend to
    impact 250000 youth with innovation skills & skills for the future across
    500 communities & schools.
  • The initiative will enable the
    creation of millions of child innovators who will bloom into young
    entrepreneurs, thus enabling India’s unprecedented growth.
  • Intel will co-lead the creation
    and management of ten ATLs as State Hubs.
  • Intel will support NITI Aayog in
    building capacities of mentors and developing linkages with Maker ecosystem for
    quality improvement of projects made by youth, facilitating ideation, design
    thinking.
  • Intel will co-lead an innovation
    festival which reaches out to 500000 young innovators.
Awards & Honors –
Rohit Khandelwal becomes first Indian to win Mister World title
  • India’s contestant Rohit
    Khandelwal won the coveted Mister World 2016 title on 19 July 2016. The grand
    finale of Mr World 2016 was held at the Southport Theatre & Convention
    Centre in Southport, U.K.
  • With this, Khandelwal has become
    the first Indian and Asian to win the Mr World title at the competition.
  • Mr World 2014 Nicklas Pedersen
    passed on the title to Khandelwal. He also won a cash prize of 50000 US dollar.
  • Puerto Rico’s Fernando Alberto
    Alvarez Soto was named the first runner-up and Aldo Esparza Ramirez of Mexico was
    named the second runner-up.

Sponsored

(adsbygoogle = window.adsbygoogle || []).push({});

Chennai’s Advay Ramesh wins Google Community Impact Award from Asia

  • Advay Ramesh, a Class 10 student
    from Chennai, on 19 July 2016 won the prestigious Google Community Impact Award
    from Asia, a theme based award part of Google Science Fair 2016.
  • Ramesh bagged the award for
    creating a device that enhances fishermen’s safety and productivity.
  • Ramesh’s FishErmen Lifeline
    Terminal (FELT) hand-held terminal uses the Standard Position Services (SPS),
    an open service without encryption provided by the Indian Regional Navigation
    Satellite System, to enhance fishermen’s safety and productivity at the sea.
  • The 14-year-old Ramesh is also
    among 20 finalists shortlisted to compete for a 50000 US dollar scholarship
    from Google.
Nigeria’s Didi Akinyelure wins BBC World News Komla Dumor Award
  • Nigerian journalist Didi
    Akinyelure on 19 July 2016 won the BBC World Service News Komla Dumor Award for
    2016.
  • Akinyelure is the second
    recipient of the award, which was established to honour Ghanaian BBC World News
    presenter Komla Dumor.
  • The Award aims to celebrate
    African journalism and reward exceptional talent.
  • Ugandan news anchor Nancy
    Kacungira was the winner of the first BBC World News Komla Dumor Award.
Appointments –
Coca-Cola appoints Sarvita Sethi as VP (Finance) for India and South
West Asia
  • Beverages company Coca-Cola on 19
    July 2016 appointed Sarvita Sethi as the new Vice-President (Finance) for India
    and South West Asia.
  • Sethi took the charge from
    Sanjeev Kumar, who is moving to Lagos as Director-Finance for Coca-Cola West
    Africa. He will also be heading company’s finance operations for 31 countries.
  • Sethi will be reporting to
    Coca-Cola India and South West Asia President Venkatesh Kini.
  • The India and South West Asia
    Business Units of The Coca-Cola Company includes India, Nepal, Bhutan,
    Bangladesh, Sri Lanka and Maldives.
  • Before being appointed as the VP
    (Finance), Sethi served as the Commercial Finance -Director for the Coca-Cola
    Central and Southern Europe business.
Steve Elworthy appointed Managing Director of 2019 World Cup
  • Steve Elworthy, the former South
    Africa fast bowler, on 19 July 2016 was appointed the Managing Director (MD) of
    the 2019 World Cup, which will be held in England and Wales.
  • In his new role, Elworthy will
    oversee the lead-up and running of the 2019 World Cup as well as the Champions
    Trophy and Women’s World Cup. The Champions Trophy and Women’s World Cup will
    be hosted by the England and Wales Cricket Board (ECB) in 2017.
  • Elworthy has previously been the
    Tournament Director for the 2007 and 2009 World T20s and the 2013 Champions
    Trophy.
World –
Canada to conduct world’s first Zika vaccine test on humans
  • A Canadian university in July
    2016 said that it will conduct the world’s first Zika vaccine test on humans.
    The vaccine that is under development will be tested on humans in the near
    future. Until now, vaccines have been tested on mice.
  • Professor Gary Kobinger of the
    Universite Laval, based in Quebec City, said that they are very proud to be
    part of the first international team in the world to complete all of the steps
    in the regulatory process for the test.
  • He said that development of the
    Zika vaccine has been authorized by the US Food and Drug Administration and
    Health Canada.
  • Kobinger, a doctor of
    microbiology and professor of medicine at the university, is overseeing the
    study.
Books & Authors –
The Great Derangement: Climate Change and the Unthinkable authored by
Amitav Ghosh
  • The Book titled The Great
    Derangement: Climate Change and the Unthinkable authored by Indian novelist
    Amitav Ghosh was released on 12 July 2016.
  • The book addresses the challenges
    of representing the complexity of climate change in literature and the responsibility
    of writers to document the extreme reality humans are now facing. He examines
    the inability at the level of literature, history and politics to grasp the
    scale and violence of climate change.
  • Ghosh shows that the history of
    the carbon economy is a tangled global story with many contradictory and
    counterintuitive elements.
Obituaries –
Hockey legend Mohammed Shahid dies
  • Mohammed Shahid, one of the
    greatest names in Indian hockey, died on 20 July 2016 due to severe liver
    condition and kidney failure. He was 56.
  • Shahid was the part of the Indian
    hockey team that won the gold medal at the 1980 Moscow Olympics.

Regards

Team ExamPundit

Average rating / 5. Vote count: