Current Affairs : July 2016 #GK #IIFT #SNAP #MBA Entrance

1) The Indian Air Force (IAF) inducted Tejas Light Combat Aircrafts (LCAs)  as Squadron 45  also known as ‘Flying Daggers’ its substitute of MIG-21 & MIG-27
Sulur (Tamil Nadu) station has been chosen as the base of this LCA squadron
– The LCA project began in 1985 and the IAF planned to induct it in 1994 to replace the MiG-21s. Initial Operational Clearance in December 2013.

2) Android N-Nougatis given to the latest version of Google’s
Nougat is based after a popular dessert which originated in Europe. Every Android version has been named after a confectionary in alphabetic order, starting with Cupcake, which was followed by Donut, Eclair, Froyo, Gingerbread, Honeycomb, Ice Cream Sandwich, Jelly Bean, KitKat, Lollipop and the latest Marshmallow (Android 6.0).
3) Scientists recently discovered deposits of Helium gas in a Tanzania African country,
4) District Institutes of Education and Training (DIETs)
5) Smart model village pilot project unique initiative in Haryana
6) Indian Navy is participating in the 25th edition of the Rim of the Pacific Exercise (RIMPAC), which is the world’ largest maritime exercise held at Hawaii Island USA Almost 27 countries are participating in this exercise. INS Satpura reached Hawaii on 1 July 2016 to take part in the exercise.
It’s biennially (Twice in Year) the first edition of RIMPAC was held in 1971.
7) 1.2 billion (about Rs.8,392 crore) in Swiss bank
8) "NIVARAN portal", an online system for redressal of service related grievance of serving and former railway employees.
It has been developed by CRIS (Centre for Railway information systems),
9) India’s first integrated defence communication network (DCN) launched enabling the army, air force, navy and the Special Forces Command to share situational awareness for a faster decision-making process.
10) Indian Post started, Payments bank
Total estimated 800 crore for postal payments bank
11) Prime Minister Narendra Modi's address 'Mann Ki Baat' to be broadcast in Bangladesh
12) RIL, SBI sign shareholder agreement for payments bank JV
According to the agreement, Reliance Industries will be the promoter with a 70 % equity contribution in the payments bank and SBI as joint venture will have 30 % equity contribution.
Payments banks are small deposit-taking institutions that can accept deposits (initially up to 1 lakh rupees per individual). The minimum capital requirement is Rs. 100 crore. For the first five years, the stake of the promoter should be 40% minimum.
13) India’s first Commercial Court and Commercial Disputes Resolution Centre inaugurated in Chhattisgarh
14) Prakash Javadekar appointed Human Resources Development Ministry
15) Juno (wife of Jupiter) is the name of the spacecraft of the US space agency NASA (Washington) that arrived at Jupiter, launched by Atlas V551 rocket from Cape Canaveral, Florida, in 2011.
Juno thus became the second spacecraft to orbit Jupiter, after Galileo probe which had orbited the planet from 1995–2003.
16) 74% foreign stake raised in Axis Bank
One of the first private sector banks in India, Axis Bank started operations in 1994 as UTI Bank and eventually became Axis Bank. It was promoted by Unit Trust of India (UTI), and Life Insurance Corp.
17) 13th Major port Set up at Enayam in Tamil Nadu
18) A Spanish court sentenced Argentine superstar Lionel Messi footballer to 21 months in prison for tax fraud.
19) ‘Namami Gange’ (14 Rivers) programme was officially launched from Haridwar (Uttarakhand) under 231 projects will be inaugurated at various locations in Uttrakhand, UP, Bihar, Jharkhand, West Bengal, Haryana and Delhi
20) Rajasthan became India’s first state to introduce minimum wages for part-time workers
Minimum Wages Act 1948.
21) Defence Metallurgical Research Lab (DMRL) at Hyderabad,
22) Theresa May will appoint second female British Prime Minister after Margaret Thatcher (known as Iron lady)  
23) Radhika Menon officer of Indian Merchant Navy who has become the first woman in the world to receive the Award for Exceptional Bravery at Sea from the IMO
24) Jawaharlal Nehru Port becomes India’s first port to implement Logistics Data Tagging of Containers
25) 'Mission Indradhanush' was launched for diphtheria, whooping cough, tetanus, polio, tuberculosis, measles and hepatitis B to remove in 2015-2020.
26) Sudarshan Sen appointed Executive Director of RBI. He will replace NS Vishwanathan who was elevated as Deputy Governor of RBI.
27) World's largest charkha unveiled at Delhi IGI airport
28) India slips to 91st place in 2016 in Networked Readiness Index (NRI) by the Geneva-based World Economic Forum (WEF). Last year was 89
First three are-Singapore, Finland, Sweden
28) Kerala imposed 14.6% tax on junk food like pizzas, burgers, donuts
29) Sushila Karki took over as the first woman Chief Justice of Nepal
30) The first dedicated base for Indian Navy’s elite force – MARCOS (Marine Commandos) East was commissioned at Vishakhapatnam
MARCOS East was raised on October 26, 1992
31) HDFC launched the first sale of so-called masala bonds (allow Indian companies to raise money through an overseas debt instrument) in London
The concept of masala bonds was first spelt out by RBI in April 2015,
32) ‘Who Moved My Interest Rate?’ book written by D. Subbarao
33) National Intelligence Grid (NATGRID)
34) INS India, the Base Depot ship of the Indian Navy in New Delhi, completed 75th years (Platinum Jubilee)
35) Talgo its Spanish train
36) Aircel, Airtel 4G Spectrum Trading Deal Approved by DoT in 3500 Crore
37) 130th edition of the Wimbledon Championships held at London
Australian ,French ,Wimbledon (Grass Coat) ,US open
Men’s Singles Title: Britain's Andy Murray defeats Milos Raonic of Canada
2. Women’s Singles Title: American Serena Williams, who won her seventh Wimbledon singles crown, and equalled the professional  era record of 22 grand  slam titles, with a 7-5 6-3 victory over Germany’s Angelique Kerber.
3. Men’s Doubles Title: French professional tennis players, Pierre-Hugues Herbert and Nicolas Mahut won the 2016 Wimbledon title in the men’s doubles category. In the final match they defeated French pair Julien Benneteau and Édouard Roger-Vasselin.
4. Women’s Doubles : Women’s Doubles US pair of Serena Williams and Venus Williams won the 2016 Wimbledon title in the women’s doubles category. They defeated Tímea Babos (Hungary) and Yaroslava Shvedova (Kazakhstan) pair.
5. Mixed Doubles Title: Heather Watson and Henri Kontinen won the mixed doubles as Watson became the fourth British player to secure a title on Wimbledon. They defeated Robert Farah (Colombia) and Anna-Lena Grönefeld (Germany) pair
38) First ever Portugal win Euro 2016 football championship against France (90 Minutes)
39) President confers the 51st Jnanpith Award on Gujarati writer Dr. Raghuveer Chaudhari
Its supreme award of Literature
40) HDFC Bank's Aditya Puri named best banking CEO in Asia
41)  Pokhara (Nepal) -New Delhi direct bus service launched
42) Operation ‘Sankat Mochan’ launched to evacuate Indian citizens from South Sudan with Minister of State for External Affair VK Singh
43) Top 5 best airlines: Emirates (1st), Qatar Airways (2nd), Singapore Airlines (3rd), Cathay Pacific (4th), ANA All Nippon Airways (5th)
44) Kerala launches ‘world’s first’ digital student incubator
45) Pema Khandu 37 years old took over as the new Chief Minister of Arunachal Pradesh he become the youngest-ever Chief Minister in India
46) The ruins of Nalanda University ancient site of Bihar was declared a World Heritage Site by the UNESCO, before Bodh Gaya’s Mahabodhi temple.
World’s oldest universities construction of which began in 5th century AD. It flourished under the Gupta rulers. It came to an end in the 12th century when it was destroyed in 1193 AD by the invading Turkish army led by its commander Bakhtiar Khilji.
Le Corbusier’s Capitol Complex (Chandigarh) and Khangchendzonga National Park (Sikkim) also included in UNESCO
Capitol Complex architectural work of Swiss-French architecture pioneer Le Corbusier to UNESCO’s World Heritage List. Thus a total of 17 buildings designed by Corbusier have become UNESCO world heritage sites. 40th session of the World Heritage Committee meet that was held in Istanbul (Turkey)
47) The world’s first hospital on train – “The Lifeline Express” (1991) completed 25 years Support by Britain.
It has covered 173 projects in 18 state and also covered two lakh kilometres distance.
48) Turkey Middle-East witnessed a failed attempt to ouster the government through a coup
Turkish President Recep Tayyip Erdogan survived a coup attempt
49) Nice-Attack on 14th July
50) RBI asks banks to exchange upto 20 soiled notes /5000 free of charge
51) WHO declares India as Maternal and Neonatal Tetanus Free.
52) Over 14 lakh LPG connections released under PMUY
Under operation in 487 districts of 17 states.
53) 74 schemes of 17 Ministries & Departments brought under Direct Benefit Transfer (DBT).
54) MP Cabinet approves setting up Happiness Department in state
The Himalayan Kingdom Bhutan introduced the concept of a Gross Happiness Index in 2010.
55) Union Government allocated 22,915 crore amount as capital infusion in 13 public sector banks for 2016-17
56) India’s first e-court was inaugurated at Hyderabad
Telangana and Andhra Pradesh Court
57) Ministry of Electronics and Information Technology to exclusively deal with Aadhaar, promotion of internet and other related services created from Ministry of Communications and Information Technology
President Pranab Mukherjee has approved changes in Government of India (Allocation of Business) Rules, 1961.
58) Donald Trump officially declared Republican presidential nomination
59) Dr. Guruprasad Mohapatra took over as the new Chairman of Airports Authority of India (AAI)
60) NASA announces discovery of 104 new planets outside solar system
61) World Bank Group appoints Paul Romer as Chief Economist will succeed Kaushik Basu
62) Malcolm Turnbull was sworn as Australia’s prime minister
63) Seven Indian companies have made it to the latest Fortune 500 list of the world’s biggest corporations (in terms of revenue)
Reliance Industries (215th) is the top-ranked among private sector firms, followed by Tata Motors (226) and Rajesh Exports. Among state-run majors, Indian Oil is followed by banking behemoth SBI (232), Bharat Petroleum (358) and Hindustan Petroleum (367).
Walmart with revenue of $482,130 million, State Grid (revenue of $329,601 million) and China National Petroleum ($299,271 million) at the second and third place respectively.
64) Kickass Torrents name of the world’s biggest online piracy site
65) Modi lays foundation stone AIIMS and revival of a fertilizer plant in Gorakhpur
66) India ranks 110th on Sustainable Development index
67) India and Japan has signed a Social Security Agreement
68) AG600 world’s largest amphibious aircraft that was unveiled by China
69) India’s first green rail corridor with zero toilet (bio toilets) discharge section. lies between. The 114-km long Rameswaram-Manmadurai section (in Tamil Nadu) as part of the Swachh Bharat Mission.
70) Mitribah (Kuwait) it recorded temperature of 54 °C which is probably the hottest temperature ever reliably measured outside of Death Valley
71) Natural Gas hydrates has been made in the Indian Ocean (Krishna-Godavari Basin area) following a joint expedition by India’s Oil Ministry and the US Geological Survey.
72) Flipkart acquired Indian online fashion marketplace Jabong for $70 million,
73) Kerala Government launches first ever Water Metro project in the country
74) Kargil Vijay Diwas being observed 26 July (1999)
75) 7th Pay Commission to be implemented from August
23.55 percent overall hike in salaries, allowances and pension involving an additional burden of Rs 1.02 lakh crore, or nearly 0.7 percent of GDP.
Rs 18,000 per month, from the current Rs 7,000, while the maximum pay, drawn by the Cabinet Secretary, has been fixed at Rs 2.5 lakh per month from the current Rs 90,000.
The previous 6th Pay Commission had recommended a 20 percent hike which the government doubled while implementing it in 2008.
76) Democratic Party leader Hillary Clinton
77) Iconic Bangla writer and social activist Mahasweta Devi passed away Jnanapith Award in 1994 ‘Hajar Churashir Maa’ (“Mother of 1084”).
In 1997 Magsaysay award for journalism, literature and creative communication. Padma Vibhushan, India’s second highest civilian award in 2006.
78) Poseidon-8I-maritime surveillance and anti-submarine warfare aircraft. Signed with USA
79) Individual foreign investors in Indian stock exchanges to 15%. Before it was 5%
49 per cent stake in any stock or commodity exchange.
80) Bezwada Wilson and T.M. Krishna got Ramon Magsaysay Award.
Bezwada Wilson associated with the Safai Karmachari Andolan (SKA-1993), is a people’s movement of manual scavengers and their children.
– T.M. Krishna age of six in the aristocratic Carnatic music under masters of the form.
81) TVSN Prasad Constituted a committee to look into possible alternatives to pellet guns as non-lethal weapons.
82) The foundation stone for a grand museum of Dr. APJ Abdul Kalam was laid at Rameswaram (Tamil Nadu) IIM- Shillong in Meghalaya. 27-07-15
83) Lok Sabha Speaker Sumitra Mahajan set up a nine-member committee to probe into the issue of filming and uploading of a video of Parliament on the social media by AAP Lok Sabha member Bhagwant Mann. Kirit Somaiya
84) Manipur becomes fourteenth State to join ‘UDAY’- Ujwal DISCOM (Distribution Company) Assurance Yojana (UDAY)
85) IOM- International Organisation for Migration part of the UN as a related organisation. HO-Geneva, Switzerland
86) BCCI chief Anurag Thakur to join Territorial Army
87) Karnataka has dispute over water sharing of Mahadayi River with Goa state
88) Largest bancassurance partnership Life Insurance Corporation of India with Axis Bank
89) International Tiger Day 29th July
       National Tiger Day-Feb 14th  

90) The Centre has announced the formation of District Development Coordination and Monitoring Committee (DDCMC) in place of the District Vigilance and Monitoring Committee (DVMC) and to be named Disha for effective implementation of Central government schemes.