GK Eduwrap – 28th July 2015

National:

1. Maharashtra government to exempt small cars from paying toll tax for all build operate transfer (BOT) road projects that worth over 200 crore rupees. Similar relief also given for road projects developed by the state Public Works Department (PWD) that cost below 200 crore rupees.

2. The Federation of Karnataka Chambers of Commerce & Industry (FKCCI) successfully completed its hundred years of service.

The hundredth year celebration was inaugurated by Pranab Mukherjee, the President of India.

3. Dinanagar town in Gurdaspur district of Punjab was in news in July 2015 as it witnessed a terrorist attack that killed seven people including 4 policemen.

The terrorist attack was the first such attack in Punjab in two decades or since the end of Khalistani terrorism in 1980s.

All the terrorists were killed by the special units of the Punjab Police SWAT after fierce gunbattle lasting over 11 hours.

Sports:

1. Mexico defeated Jamaica 3-1 in the final of CONCACAF Gold Cup football tournament to win the regional tournament for the record seventh time. The final was played at Philadelphia, US.

2. Sebastian Vettel of Germany and the Ferrari driver won the Hungarian Formula One Grand Prix in Budapest.

Economics:

1. The third phase of e-auction of Frequency Modulation (FM) Radio has fetched around 395 crore rupees of the first day of auction.

In this phase, first batch of 135 channels of 69 cities which are part of the private FM Radio Phase III expansion were auctioned.

2. Union Government sanctioned 1000 crore rupees for the laying of 15.06 km long tracks to connect Indian Railways with Bangladesh through the North East.

3. Axis Bank on Monday signed a $200-million, seven-year bilateral loan agreement with the Asian Development Bank.

The loan will help bolster bank’ s efforts to improve farm efficiency by extending customized and affordable agriculture credit, that will help leverage its semi-urban and rural branch network to deliver agriculture credit, the city-headquartered lender said in a statement.

Appointments:

1. Anil Ambani led Reliance Group – Oil & Gas Business appointed Ashok Kumar Balyan as its new CEO.

2. The IT Secretary Ram Sevak Sharma was appointed as the chairman of telecom regulator Telecom Regulatory Authority of India (TRAI).

3. Swati Maliwal took charge as the Chairperson of Delhi Commission for Women (DCW), along with three other members, a day after their appointments were approved by Lt Governor Najeeb Jung.

Mergers & Acquisition:

1. Israel’s largest drug maker Teva Pharmaceutical agreed to buy generic drugs business of Allergan Plc for USD 40.5 billion.

According to the agreement Teva will make cash payment of USD 33.75 billion and USD 6.75 billion of its stock for Allergan.

2. A Bengaluru based gold jewelry manufacturing company Rajesh Exports Ltd (REL) bought the world’s largest gold refining company Valcambi from US-based mining company Newmont Mining Corporation.

REL had to fetch over 2560 crore rupees all in cash to buy Valcambi refinery.

Science & Technology:

1. World’s largest flower Amorphophallus Titanum bloomed for the first time in 5 years in the fourth week of July 2015 at the Jindai botanical gardens in Tokyo, Japan.

2. Google is bidding adieu to Google Plus, an awkwardly named social network that the American search engine had launched four years ago hoping it would become a serious rival to Facebook.

Google has spent the last several months chopping up Google Plus’s most useful pieces and making them separate services as it moves away from making Google Plus the central hub for all Google-related activity.

Death:

1. Former Indian President Avul Pakir Jainulabdeen (APJ) Abdul Kalam passed away. He was also known as the missile of India.

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