Current Affairs Update – 9th-11th July, 2016

Hello and welcome to exampundit . Here are the important Current Affairs from 9th to 11th July, 2016. These are important for the upcoming SBI PO Mains and UBI PGDBF Exams 2016.

Current Affairs at a Glance – 9th-11th July, 2016

  1. Housing Development Finance Corp Ltd (HDFC) on Monday said it will issue rupee denominated
    bonds worth Rs 2,000 crore, with a greenshoe option of Rs 1,000 crore

    to foreign investors outside the United States. The
    firm will be the first Indian entity to issue such a bond
    .
  2. Seeking to bolster their ties, India and Kenya today decided to deepen and expand cooperation
    in a wide range of areas as they signed seven pact
    s
    , including in the field of defence and
    security and avoidance of double taxation.
  3. Fashion e-tailer Myntra
    today said it has acquired Bengaluru-based Cubeit for an undisclosed sum to focus on
    content aggregation on mobile.
  4. As part of programmes to
    implement the Roadmap
    for Disaster Risk Reduction in Bihar (2015-30)
    , the state government
    on Monday signed an MoU with Bangkok-based Asian Disaster Preparedness Centre
    (ADPC).
  5. India and Tanzania on 10 July 2016 inked five agreements to enhance the bilateral cooperation between
    the two nations.
  6. Andhra Pradesh government has decided to conduct a ‘Smart Pulse
    Survey’ for collecting socio-economic data of 1.48 crore households in the
    state. The survey started on 8 July 2016 will end on 30 July 2016.
  7. Captain Radhika Menon on 7 July 2016 was selected for the 2016
    International Maritime Organization (IMO) Award for Exceptional Bravery at Sea
    .
    Captain
    Menon will also be the first female to receive the IMO Award for Exceptional
    Bravery at Sea
    .
  8. Nepal’s Parliamentary Hearing Special Committee (PHSC) on 10 July
    2016 unanimously endorsed Sushila Karki as the Chief Justice of the Supreme Court.
    With this, Karki
    has become the first woman to lead Nepal’s judiciary
    .
  9. Technocrats D Rajkumar and Utpal Bora were today appointed as Chairman and Managing
    Director (CMD) of Bharat Petroleum Corporation Ltd (BPCL) and Oil India Ltd,
    respectively.
  10. Tathagata Roy, the governor of
    Tripura, was sworn-in as the Governor of Arunachal Pradesh in the Darbar Hall of Raj Bhavan in Itanagar on
    10 June 2016.
  11. Portugal on 10 July 2016 lifted
    the Euro 2016 football championship
    . In the final clash played at
    Saint-Denis in Paris, Portugal defeated France 1-0.
  12. Wimbledon, the third Grand Slam
    of the 2016 tennis season concluded on 10 June 2016. Andy Murray & Serene Williams
    won the Men’s and Women’s single titles respectively.
  13. The 2-day long NATO Summit
    concluded
    on 9 July 2016 in
    Warsaw, Poland. It was the 27th summit biannual summit of NATO since its
    inception in 1949.
  14. Amal Dutta, former India player
    and first
    professional full-time football coach of the country
    , died on 10 July
    2016 following old age complications. 

Finance/Banking/Industry –
HDFC first Indian company to issue Masala bonds

  • Housing Development Finance Corp
    Ltd (HDFC) on Monday said it will issue rupee denominated bonds worth Rs 2,000
    crore, with a greenshoe option of Rs 1,000 crore to foreign investors outside
    the United States.
  • The firm will be the first Indian
    entity to issue such a bond after the central bank clarified in April that the
    overall limit of the bonds will be within the $51 billion that foreigners are
    allowed to invest in corporate bonds. The total corporate bond limit, in rupee
    terms, were fixed at Rs 2,44,323 crore.
  • So far International Finance Corporation
    has issued rupee denominated bonds, commonly known as ‘masala’ bonds in the
    international market.
India, Kenya sign 7 pacts; to deepen cooperation in security

  • Seeking to bolster their ties,
    India and Kenya today decided to deepen and expand cooperation in a wide range
    of areas as they signed seven pacts, including in the field of defence and
    security and avoidance of double taxation.
  • Prime Minister Narendra Modi,
    after his talks with Kenyan President Uhuru Kenyatta here, also announced extension
    of concessional Line of Credit (LoC) of USD 44.95 million to the African nation
    to help it in development of small and medium enterprises and textiles.
  • India will also build a cancer
    hospital in Kenya to provide quality and affordable healthcare. “The
    multifaceted development partnership is a key pillar of our bilateral
    relationship,” Modi said at a joint media interaction with Kenyatta after the
    talks.
  • The MoU on Defence Cooperation
    signed will entail staff exchanges, expertise sharing, training, cooperation in
    hydrography and equipment supply.
  • Announcing that India has will
    fully finance a cancer hospital in Kenya, he said it will not only benefit the
    Kenyan society with quality and affordable healthcare but also help India
    become a regional medical hub.
  • Kenyatta expressed gratitude to
    India for the LoC — USD 29.95 million for upgrading of a textile factory and
    USD 15 million for SMEs — and building the cancer hospital.
  • He said he would personally
    follow up on the implementation of the decisions taken, which he said would go
    a long way in deepening the bilateral partnership and boosting prosperity.
  • Besides MoUs in defence and
    security, revised pact on avoidance of double taxation and two LOCs, the other
    agreements were in the fields of visa, housing and measuring standards.
Country’s first smart grid to come up in Gurgaon with Centre’s grant

  • The Union government has set in
    motion the process of rewarding performing states under Uday, the flagship
    programme in power sector. It would extend support to the country’s first smart
    grid project to be set up at Gurgaon in Haryana, which has been a performing
    state under the debt restructuring programme for state-owned power distribution
    companies.
  • Besides, the NDA government also
    expects interest rates to come down in near future which will help the states
    in further saving loan costs, Union power minister Piyush Goyal said here today.
  • For the first phase of smart grid
    project, the Union government would extend a grant of Rs 273 crore to the
    state. The assistance to Haryana would be given from the Power System
    Development Fund (PSDF) for Rs 7,000-crore project, the first phase of which
    would cost Rs 1,382 crore.
  • The project would be spearheaded
    by Power Grid Corporation along with the state government, industry and real
    estate developers. Haryana chief minister Manohar Lal had a meeting with Goyal
    earlier in the day for a review of power sector in the state.
Myntra acquires Cubeit for undisclosed amount

  • Fashion e-tailer Myntra today
    said it has acquired Bengaluru-based Cubeit for an undisclosed sum to focus on
    content aggregation on mobile.
  • As part of the acquisition, the
    team at Cubeit has been inducted into Myntra, making it an ‘acqui-hire’ that
    will further strengthen and expand the technology team, Myntra said in a
    statement.
  • No financial details of the deal
    were disclosed.
  • Cubeit, led by co-founders
    Sarthak Jain, Nithinkumar Gadiparthi and Prathamesh Juvatkar, was founded in
    2014.
India –
Bihar signs MoU with Bangkok firm for disaster risk reduction

  • As part of programmes to
    implement the Roadmap for Disaster Risk Reduction in Bihar (2015-30), the state
    government on Monday signed an MoU with Bangkok-based Asian Disaster
    Preparedness Centre (ADPC).
  • Chief Minister Nitish Kumar said
    this MoU will help reduce disaster risk management in the state.
  • Bihar often faces disasters like
    flood, drought and earthquake.
India, Tanzania signed five agreements

  • India and Tanzania on 10 July
    2016 inked five agreements to enhance the bilateral cooperation between the two
    nations.
  • These agreements were signed
    during Prime Minister Narendra Modi to Tanzania from 9 July to 10 July 2016.
List of MOUs/Agreements
  • MoU on Cooperation in the field
    of water resource management and development between the two countries.
  • MoU on Visa waiver agreement for
    Diplomatic/Official passport holders between the two countries.
  • Agreement on Joint Action Plan
    (JAP) between National Small Industries Corporation of India (NSIC) and Small
    Industries Development Organization Tanzania (SIDO).
  • MoU for Establishment of
    Vocational Training Centre at Zanzibar.
  • LOC of 92 million US dollar for
    rehabilitation and improvement of water supply system in Zanzibar.
Andhra Pradesh decided to conduct ‘Smart Pulse Survey’ of 1.48 crore
households

  • Andhra Pradesh government has
    decided to conduct a ‘Smart Pulse Survey’ for collecting socio-economic data of
    1.48 crore households in the state. The survey started on 8 July 2016 will end
    on 30 July 2016.
  • In the first phase of the survey
    enumerators will be collecting details of Chief Minister N Chandrababu Naidu at
    his riverfront residence at Vundavalli near to Vijayawada.
  • The State Cabinet on 1 June 2016
    decided to conduct the survey to determine the socio-economic status and
    collect all other relevant details of each household in the state.

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Rashtrapati Bhavan hosts Amitav Ghosh as Writer in-Residence
  • As part of the Rashtrapati
    Bhavan’s ‘In-Residence’ programme, which is aimed at providing writers and
    artists an opportunity to stay in the Raisina Hill, eminent author Amitav Ghosh
    would stay in the President’s House from Sunday till Thursday.
  • The ‘In-Residence’ programme was
    launched by the President of India on December 11, 2013 to give writers and
    artists a chance to be a part of the life of Rashtrapati Bhavan.
  • Mr. Ghosh is an award-winning
    author and essayist whose books include The Circle of Reason, The Shadow Lines,
    In An Antique Land, Dancing in Cambodia, The Calcutta Chromosome, The Glass Palace,
    The Hungry Tide and The Ibis Trilogy: Sea of Poppies, River of Smoke and Flood
    of Fire.
  • The programme seeks to provide an
    environment that would inspire creative thinking and rejuvenate artistic
    impulses. It is intended to honour and recognise eminent and established
    artists and writers as well as young upcoming talents from different parts of
    the country.
Awards & Honors –
Radhika Menon becomes first woman to bag IMO Award for Exceptional
Bravery at Sea

  • Captain Radhika Menon on 7 July
    2016 was selected for the 2016 International Maritime Organization (IMO) Award
    for Exceptional Bravery at Sea.
  • Menon has been selected for the
    prestigious award for her role in the rescue of seven fishermen from a sinking
    fishing boat in the Bay of Bengal in June 2015.
  • Captain Menon will also be the
    first female to receive the IMO Award for Exceptional Bravery at Sea.
  • The award will be presented to
    Menon on 21 November 2016 at IMO Headquarters in London, United Kingdom.
Appointments –
Sushila Karki confirmed as Nepal’s first woman Chief Justice

  • Nepal’s Parliamentary Hearing
    Special Committee (PHSC) on 10 July 2016 unanimously endorsed Sushila Karki as
    the Chief Justice of the Supreme Court.
  • With this, Karki has become the
    first woman to lead Nepal’s judiciary. She will be appointed to the post by
    President Bidhya Devi Bhandari.
D Rajkumar appointed CMD of BPCL; Utpal Bora to head Oil India

  • Technocrats D Rajkumar and Utpal
    Bora were today appointed as Chairman and Managing Director (CMD) of Bharat
    Petroleum Corporation Ltd (BPCL) and Oil India Ltd, respectively.
  • Rajkumar is, at present, working
    as Managing Director of Bharat Petro Resources Ltd, a unit of BPCL focused on
    exploration and production. Bora is Executive Director in Oil and Natural Gas
    Corporation (ONGC) Limited.
  • They have been appointed to the
    posts for five-year term, an order issued by the Department of Personnel and
    Training (DoPT) said.
Tathagata Roy sworn-in as Governor of Arunachal Pradesh

  • Tathagata Roy, the governor of
    Tripura, was sworn-in as the Governor of Arunachal Pradesh in the Darbar Hall
    of Raj Bhavan in Itanagar on 10 June 2016.
  • His oath of office and secrecy
    was administered by the Chief Justice of Gauhati High Court Ajit Singh. He is
    the 18th Governor to be sworn in as Governor of this Himalayan State.
  • With this, Roy will discharge the
    function of the Governor of Arunachal Pradesh during the absence on leave of
    Jyoti Prasad Rajkhowa.
Kevin Turner resigns as Chief Operating Officer of Microsoft

  • Kevin Turner on 7 July 2016
    resigned as the Chief Operating Officer ( COO) of Microsoft with effect from 31
    July 2016. Being the COO, Turner was handling Microsoft’s enormous sales
    operations. He had been at Microsoft for 11 years.
  • Turner would now be joining
    Citadel Securities as Chief Executive Officer.
Sports –
Portugal wins Euro 2016 football championship; defeated France 1-0

  • Portugal on 10 July 2016 lifted
    the Euro 2016 football championship. In the final clash played at Saint-Denis
    in Paris, Portugal defeated France 1-0.
  • Substitute Eder scored in
    extra-time to give Portugal a win at their first major international title
    despite losing captain and talisman Cristiano Ronaldo to injury.
  • Eder scored the goal with 11
    minutes of extra time left to stun France after the host team had dominated the
    match.
  1. Man of the Match: Pepe (Portugal)
  2. Young Player of the Tournament:
    Renato Sanches
2016 Wimbledon concluded

  • Wimbledon, the third Grand Slam
    of the 2016 tennis season concluded on 10 June 2016.
  • It was held for two weeks
    beginning on 27 June 2016 at the All England Club in Wimbledon, London.
Category
Winner
Runner-up
Men’s Singles
Andy Murray (Great Britain)
Milos Raonic (Canada)
Women’s Singles
Serena Williams (United States)
Angelique Kerber (Germany)
Men’s Doubles
Pierre-Hugues Herbert and
Nicolas Mahut (France)
Julien Benneteauand Édouard
Roger-Vasselin (France)
Women’s Doubles
Serena Williams and Venus
Williams
Timea Babos (Hungary) and
Yaroslava Shvedova (Russia)
Mixed doubles
Heather Watson (Britain) and
Henri Kontinen (Finland)
Anna-Lena Groenefeld (Germany)
and Roberto Farah (Colombia)
Key highlight of 2016
Wimbledon
  • Serena equalled Steffi Graf’s
    open era record of 22 Grand Slam titles
  • For William sisters, Serna and
    Venus, it was the sixth title at Wimbledon, and 14 in Grand Slams.
World –
NATO Summit 2016 concluded in Warsaw

  • The 2-day long NATO Summit
    concluded on 9 July 2016 in Warsaw, Poland. It was the 27th summit biannual
    summit of NATO since its inception in 1949.
  • The summit was attended by Heads
    of State and Heads of Government of NATO members including the USA President
    Barack Obama, Polish president Andrzej Duda and NATO Secretary General Jens
    Stoltenberg.
  • Besides, the summit also saw the
    presence of Heads of Government of non-member States and organizations of NATO
    including Afghanistan.
Obituaries –
Legendary football coach Amal Dutta passes away

  • Amal Dutta, former India player
    and first professional full-time football coach of the country, died on 10 July
    2016 following old age complications. He was 86.
  • As a coach, Dutta had introduced
    new formations including the diamond system the 1990s.
Eminent Pakistani philanthropist Abdul Sattar Edhi died

  • Eminent Pakistani philanthropist,
    social activist, ascetic and humanitarian Abdul Sattar Edhi on 8 July 2016 died
    at a hospital in Karachi. He was 88.
  • He was the founder and head of
    the Edhi Foundation in Pakistan and ran the organization successfully for over
    6 decades.
  • He was known as Angel of Mercy,
    Pakistan’s ‘Father Teresa’ and was considered country’s most respected figure.
  • Pakistan’s Prime Minister Nawaz
    Sharif paid tribute to him as “a great servant of humanity,” and announced
    posthumous presidential medal to commemorate his services.

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