GK Eduwrap – 29th July 2015

International:

1. Singapore Diamond Investment Exchange’ (SDiX) the first ever diamond exchange is all set to function from September 2015.

2. Union Government has announced to roll out e-tourist visa facility to Chinese nationals from July 30, 2015. Hong Kong and Macao nationals will also be provided with e-tourist visa facility along with Chinese citizens.

3. The population of Royal Bengal Tiger in Sundarbans region of Bangladesh has declined sharply to 106 from 440 in 2004.

It was revealed in recently released new Tiger census 2015 of Bangladesh.

Sports:

1. Cyclist Chris Froome from Britain of Team Sky has won the 102nd edition Tour de France, an annual three-week multiple stage bicycle race at Champs Elysees in Paris.

2. Court of Arbitration for Sports (CAS) allowed Indian women athlete Dutee Chand to compete in women’s event with immediate effect.

3. Union Ministry of Youth Affairs and Sports constituted a Working Group on re-drafting National Sports Development Code of India (NSDCI).

The aim of constituting the working group is to make the NSDCI more relevant from both sports governance and legal angles.

Awards & Recognition:

1. Kazakhstan, a member of the Russia-led economic blocks became 162th member of World Trade Organization (WTO).

Kazakhstan’s entry has ended its long wait of 20 years to become a member of WTO as its accession talks were initiated in 1996.

2. The Board of Trustees of the Ramon Magsaysay Award Foundation (RMAF) announced the Ramon Magsaysay awardees for the year 2015.

3. Whistleblower Indian forest officer Sanjiv Chaturvedi, who was removed from the post of Chief Vigilance officer at AIIMS, and founder of NGO Goonj Anshu Gupta are the two Indians selected for this year’s Ramon Magsaysay Award.

Economics:

1. India signed Loan Agreement of $300 Million with ADB for National Urban Health Mission.

2. The Competition Commission of India (CCI) imposed a penalty of 420.26 crore rupees on Hyundai Motors India Ltd (Hyundai).

Appointments:

1. Union Government has appointed former IAS officer Ashish Bahuguna as the chairman of the Food Safety and Standards Authority of India (FSSAI).

2. Top American manufacturer Procter & Gamble promoted its beauty branch leader, David Taylor, to head the company as CEO, the company announced.

Mergers & Acquisition:

1. The Kolkata-based private sector wagon manufacturer Titagarh Wagons Ltd (TWL) has acquired Italian coach manufacturing company Firema Trasporti for 25 million Euros. This purchase will help out TWL to venture into the metro coach and high-speed train manufacturing business.

2. IndusInd Bank has acquired the diamond and jewelry (bullion) financing business and related deposit portfolio of Royal Bank of Scotland (RBS) for 4,100 crore rupees.

3. India’s largest two-wheeler manufacturer Hero Motocorp’s wholly owned subsidiaries in U.S is to buy certain tangible and intangible assets worth of USD 2.8 million of U.S based Erik Buell Racing (EBR).

This purchase is a part of the settlement deal with court-appointed receiver in the bankruptcy matter.

4. Bharti Realty, a Bharti Enterprises’ real estate firm, tied up with Eros Group to develop a housing project at Surajkund.

Science & Technology:

1. Facebook, the social networking leader has unveiled a new compressed version of its application called ‘Facebook Lite’ in India to reach out its users who have slow data connections. The motive for launching this version in India is to expand the reach of Facebook to a much wider user who do not necessarily use high-end smart phones.

2. Government of Sri Lanka inked a Memorandum of Understanding (MoU) with search engine giant Google to launch the Google Loon project in the country.

Important Dates:

1. World Hepatitis Day is being observed every year on July 28 around the globe.

Death:

1. Veteran Sri Lankan historian Santasilan Kadirgamar passed away in Colombo after a brief illness. He was 81.

2. Eminent Indian physicist Dr Parameswaran Hariharan passed away in California, United States. He was 89.

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