Current Affairs - July 6, 2017 Current Affairs

Axis Bank introduced a special Superbike loans for the bike. The loans which are for Bikes with an engine displacement of over 500 cubic centimeters(cc) will come at a price tag of 10-11% per annum. These bikes come with a price tag between Rs 5 to Rs 50 lakhs.

Environment Minister Dr.Harsh Vardhan launched a month-long plantation drive to Mark Van Mahotsav. It was part of Van Mahotsav celebrations, that is celebrated in the first week of July every year since 1950 in India. Van Mahotsav (Festival of Trees) is an annual tree-planting movement in India.

Athlete Tintu Luka was the flag bearer for the Indian contingent which received a rousing welcome from the crowd in the 22nd edition of Asian Athletics Championships (AAC) has started at Kalinga Stadium in Bhubaneswar, Odisha. Over 1,200 athletes and officials from 43 countries in Asia witnessed the largest sporting event.

The 10TH India-Jordan Morocco Trade and Economic Joint Committee (TEJC) Meeting was held in New Delhi on 4th and 5th July 2017. The two countries emphasised the need for diversification of bilateral trade and deepening their engagements for greater cooperation in the investment sector.

The Meeting of BRICS Ministers of Education was held in Beijing, China. The National Institutional Ranking Framework (NIRF), SWAYAM platform which has already hosted over 480 courses online, research initiative IMPRINT and Smart India Hackathon. The Indian delegation was led by Shri Prakash Javadekar, Minister of Human Resource Development, India.

Mr. Pradeep Kumar Rawat, presently Joint Secretary in the Ministry of External Affairs (MEA) here, has been appointed as the next Ambassador of India to Indonesia. He is an Indian Foreign Service (IFS) officer of the 1990 batch, is expected to take up his assignment shortly.

Union Minister of State (IC) for Power, Coal, New & Renewable Energy and Mines, Shri Piyush Goyal launched here today the 'MERIT app (Merit Order Despatch of Electricity for Rejuvenation of Income and Transparency)'and the e-bidding portal for providing e-Bidding solution to States to select Independent Power Producers (IPPs) for procurement of power by transferring their domestic coal under the scheme of flexibility in utilization of domestic coal.

India's leading cueist Pankaj Advani teamed up with Laxman Rawat to demolish Pakistan in the final of the Asian Team Snooker Championship. He won the second Asian title this season and 8th overall title.

India and Israel signed 7 agreements to increase cooperation in key sectors like space, agriculture and water conservation. A Memorandum of Understanding (MoU) was signed for setting up of USD 40 million worth India-Israel Industrial Research and Development (R&D) and Technical Innovation Fund.

The 12th edition of G20 summit will be held at Hamburg in Germany on July 7, 2017 with theme "Shaping an interconnected world". In the 2-day summit, from India, Prime Minister Narendra Modi will lead the Indian Delegation at the G20 meet with a firm message on the global menace of terrorism. The G20 countries account for more than four-fifths of Gross world product and three-quarters of global trade.

Yes Bank signed a Memorandum of Understanding (MoU) in London with Santander to promote India-UK trade and business opportunities. The deal is aimed at Santander UK, a wholly-owned subsidiary of the Spanish Santander Group, offering its clients in Britain access to banking facilities and on-the- ground support through Yes Bank network across India.

As per the official figures published by the United Kingdom Department for International Trade, India became the fourth largest foreign investor into the United Kingdom (UK) in 2016-17. India is sharing the fourth spot with Australia and New Zeland made to set up 127 projects collectively. The United States of America remains the top most investor in the UK by setting up of 577 projects in 2016-17.

The Employees Provident Fund Organisation (EPFO) inked an agreement with five banks for the purpose of collection of provident fund dues from the employees and payments to its subscribers. The 5 banks are ICICI Bank, HDFC Bank, Axis Bank, Bank of Baroda and Kotak Mahindra Bank.