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General Awareness for MBA : 21 July to 28 July

Jul 30, 2015 09:35 IST

    Economy

    1. Bureau of Energy Efficiency (BEE) in the third week of July 2015 signed an Implementing Agency Agreement with REC Power Distribution Company Ltd. (RECPDCL) for the operationalisation of Partial Risk Guarantee Fund for Energy Efficiency (PRGFEE).
    2. Union Government on 21 July 2015 extended Interest Subvention Scheme (ISS) to Public Sector Banks (PSBs), private sector commercial banks, rural regional banks (RRBs), cooperative banks and NABARD. It was extended to ensure availability of crop loans of up to 3 lakh rupees to farmers at 7 percent per annum. 
    3. Ministry of Railways on 17 July 2015 modified some rules pertaining to purchase of takal tickets of Indian Railway. Under the modified rules, passengers booking tatkal tickets from computerised reservation counters will no longer be required to furnish photocopy of identity proof or to indicate its number at the time of booking at the counter or through internet.
    4. The Reserve Bank of India on 17 July 2015 signed a Special Currency Swap Agreement with the Central Bank of Sri Lanka.

    News

    1. The Board of Trustees of the Ramon Magsaysay Award Foundation (RMAF) on 29 July 2015 announced the Ramon Magsaysay awardees for the year 2015.
    2. Swati Maliwal on 28 July 2015 took charge as the Chairperson of Delhi Commisson for Women (DCW), along with three other members. Her appointment was approved by Lt Governor Najeeb Jung. Maliwal, an RTI activist, succeeded Barkha Singh.
    3. Ashish Bahuguna was in the fourth week of July 2015 appointed as the Chairman of food safety regulator Food Safety and Standards Authority of India (FSSAI).
    4. Eminent physicist P Hariharan died on 26 July 2015 in Berkeley, California. He was 89. He is survived by a son and a daughter.
    5. Former Indian President Avul Pakir Jainulabdeen (APJ) Abdul Kalam passed away on 27 July 2015 following his collapse during a lecture in the Indian Institute of Management, Shillong. He was 83. He was also known as the Missile Man of India.
    6. World’s largest flowerAmorphophallus Titanum bloomed for the first time in 5 years in the fourth week of July 2015 at the Jindai botanical gardens in Tokyo, Japan.
    7. Dinanagar town in Gurdaspur district of Punjab was in news in July 2015 as on 27 July 2015 it witnessed a terrorist attack that killed seven people including 4 policemen.

    Corporate

    1. The Competition Commission of India (CCI) on 27 July 2015 imposed a penalty of 420.26 crore rupees on Hyundai Motors India Ltd (Hyundai). The penalty was calculated at the rate of 2 percent of Hyundai’s average turnover and it has to be deposited within 60 days of receipt of the order.
    2. Bharti Realty, a Bharti Enterprises' real estate firm, on 27 July 2015 tied up with Eros Group to develop a housing project at Surajkund. As per the tie-up, Bharti Land, the new development arm of Bharti Realty, will develop a smart residential project in Surajkund, south of South Delhi.
    3. Indian gold jewellery major Rajesh Exports Limited (REL) on 27 July 2015 announced the acquisition of Switzerland-headquartered world’s largest gold refining company Valcambi.
    4. The Computer Science Corporation (CSC) and Hindustan Computer Limited (HCL) on 23 July 2015 signed an agreement to form a Joint Venture company to provide technology services and solutions to the banking industry.
    5. Delhi High Court on 26 July 2015 allowed Digital Radio Broadcasting Ltd, which runs Red FM to participate in the Stage-III of the FM radio waves auctions.
      he European Union (EU) on 25 July 2015 banned the marketing of around 700 generic medicines manufactured by India's pharmaceutical research company GVK Biosciences.
    6. These medicines will be banned in 28 member countries of European Union.
    7. Anil Ambani-led Reliance Group through its entity Reliance Unmanned Systems on 23 July 2015 signed a Memorandum of Understanding (MoU) with Augur Overseas Operation of Singapore to manufacture Aerostats and Airships in India.
    8. Indian drug company Lupin on 23 July 2015 acquired US generics company GAVIS Pharmaceuticals and Novel Laboratories (GAVIS) for 880 million US dollars to strengthen its presence in the United States.
    9. The Entertainment Network (India) Ltd (ENIL) on 22 July 2015 received the approval from the Union Information & Broadcasting (I&B) Ministry to purchase 104.8 FM Oye FM radio station of TV Today Network (TVTN) that runs in four cities Amritsar, Jodhpur, Patiala and Shimla.
    10. Glenmark Pharmaceuticals Limited on 22 July 2015 launched the affordable third-generation oral anti-diabetic drug Teneligliptin for treatment of Type-2 Diabetes mellitus. The company introduced Teneligliptin under the brand names Ziten and Zita Plus.
    11. Former McKinsey director Ananth Narayanan on 21 July 2015 was appointed as the Chief Executive Officer (CEO) of the Flipkart-owned fashion store Myntra. He will assume the charge on 1 October 2015.

    National

    1. Union Government on 25 July 2015 sanctioned 1000 crore rupees for the laying of 15.06 km long tracks to connect Indian Railways with Bangladesh through the North East.
    2. The Prime Minister (PM) Narendra Modi on 25 July 2015 launched Deendayal Upadhyay Gram Jyoti Yojana (DDUGJY) along with various other development projects in Patna.
    3. Food Safety Standards Authority of India (FSSAI) on 23 July 2015 proposed draft Food Safety and Standards Regulations, 2015. The draft in its ambit seeks to regulate Health Supplements, Nutraceuticals, Foods for Special Dietary Uses, Foods for Special Medical Purpose, Functional Foods, and Novel Food.

    International

    1. India on 28 July 2015 signed a loan agreement of 300 million US dollars with Asian Development Bank (ADB) for its flagship programme National Urban Health Mission (NUHM). The main of the NUHM is to improve the health status of the country’s urban population.
    2. General Council of the World Trade Organisation (WTO) on 27 July 2015 approved the membership terms of Kazakhstan, thus enabling it to join the world trade body as 162nd member.
    3. Nepal’s political parties on 27 July 2015 agreed to remove the word “secularism” from the yet-to-be framed Constitution. They agreed to this during a discussion on peoples’ view vis-à-vis the new constitution in the Constituent Assembly.

    Sports

    1. Court of Arbitration for Sports (CAS) in the 27 July 2015 allowed Indian women athlete Dutee Chand to compete in women’s event with immediate effect.
    2. Union Ministry of Youth Affairs and Sports on 28 July 2015 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.
    3. Mexico on 26 July 2015 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.
    4. Sebastian Vettel of Germany and the Ferrari driver on 26 July 2015 won the Hungarian Formula One Grand Prix in Budapest. This was Vettel’s second win of the season and it came only days after the funeral of the Mercedes French former test driver Jules Bianchi.

     

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