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

• 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.

• 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.

• 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.

• 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.

• 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 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.

• 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 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.

• 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.

• 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.

• 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.

• 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, 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 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.

• 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

• 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)

• 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.

• 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.

• 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,
  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.