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Current Affairs 2012 Quiz, Bit Bank, Online tests

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Current Affairs 2012 Quiz, Bit Bank, Online tests

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July 2012 Current Affairs Study Material

INTERNATIONAL

Leung Chun-ying Sworn In As Hong Kongs New Leader

Leung Chun-ying, a millionaire property consultant seen as close to Chinas

communist rulers, was sworn in as Hong Kongs new chief executive on 1July
2012 .
Cyprus takes Over EU Presidency

Cyprus takes over the European Unions rotating presidency for the first time
on 1 July 2012, amid concerns about the countrys ability to cope with its own
economic problems and help steer Europe out of its financial crisis. Cyprus,
which joined the European Union in 2004, is taking over the six-month
rotating presidency from Denmark.

GSK to pay $3b For Health Fraud

Glaxo smith kline(GSK) would pay $3 billion and plead guilty to promoting two
popular drugs for unapproved uses and to failing to report important safety
data about a diabetes drug to the Food and Drug Administration, the justice
department said on 2 July 2012. Government officials say its the largest
health care fraud settlement in U.S history.

Mexico Declares National H7N3 (bird flu)Animal Health Emergency

The Mexican government declared a national animal health emergency on 2

July 2012 in the face of an aggressive bird flu epidemic that has infected
nearly 1.7 million poultry. More than half the infected birds have died or been
culled, the agriculture ministry said of an epidemic that was confirmed on 28
June 2012 by the UNs Food and Agriculture Organization (FAO). They
activated a national animal health emergency with the goal of diagnosing,
preventing, controlling and eradicating the Type A, sub-type H7N3 bird flu
virus.

PRI Leader Enrique Pena Nieto Elected as the New President of Mexico

The institutional Revolutionary Party leader Enrique Pena Nieto was elected
as the new president of Mexico on 2 July 2012. In the presidential election
held on 1 July 2012, Enrique Pena Nieto beat party of the Democratic
Revolution candidate Andres Manual Lopez obrador of the total 98% votes
counted , Pena Nieto bagged 38% votes, while former Mexico city Mayor
Andres Manual Lopez obrador got 31% votes. Nieto succeeded felipe calderon
on the top most position of the country.

Fukushima Was Man-Made Diasater ;Japanese Probe

Last years Fukushima nuclear accident was a man made disaster just the
tsunami that hit the plant, adamning parliamentary report said on 5 July
2012.Ingrained collusion between plant operator Tokyo Electric Power, the
government and regulatory, combined with a lack of any effective oversight
led directly to the worst nuclear accident in a generation, the report said.

Pak parliament passes bill to protect leaders from contempt

Pakistan President on Thursday signed into law a bill aimed at giving blanket
immunity to top government leaders from contempt of court proceedings and
countering the Supreme Courts efforts to pressure the premier to revive graft
cases against Asif Ali Zardari. Zardari gave his assent to the Contempt of
Court Bill of 2012 after it was passed by the Senate and the National
Assembly, the two houses of Parliament.

China, US Avoid Rocking The Boat On South China Sea

The United states and China on 12 July pledged to ease strains in their
relationship emerging amid renewed disputes over the south china sea and
Chinese concerns over Washingtons pivoy to Asia . U.S.Secretary of state
hillary clinton, who met chinese foreign Minister Yang Jiechi on the side lines
of the ASEAN. Regional forum meeting in Phnom Penh on 12 July 2012.

United Nations Millennium Development Goal Report 2012

United Nations Secretary General Ban ki-moon released, United Nations

Millennium Development Goal 2012. Report on 2 July 2012. The report noted
that three important targets on poverty, slums and water have already been
met three years ahead of 2015, the target year. The target of providing clean
drinking water to a substantial population of the world. In developing world
the share of urban population living in slums came down to 33 per cent in
2000 from 39 per cent in 2000. The millennium development goal asserted
that the developing countries. AIDS control, the developing countries have
achieved tremendous fate as at the end of 2012 nearly 6.5 million people in
the developing countries were receiving the antiretroviral therapy for HIV
AIDS.

Thomas Lubanga Imprisoned for 14 years

International Criminal Court (ICC), located at The Hague has awarded Thomas
Lubanga, a Congolese warlord, 14-year imprisonment on 10 July 2012.
Lubanga had led the Union of Congolese Patriots, an ethnic militia in the
violent struggle in the Ituri region and its main town of Bunia. The conflict,
which began in 1999, claimed the life of about 60000 people in the country.
Lubanga, who had used children as the soldiers during the violent struggle in
Congos eastern Ituri region in 2002-2003 was convicted for war crime.

First Ever Resolution To Protect the Online Human Rights of Global Citizens.

United Nations Human Rights Council (UNHRC), the Geneva based human
rights wing of UN, on 5th July 2012, adopted a first ever resolution to protect
the online human rights of global citizens. The resolution adopted by
consensus, stated that citizens of the world are as much entitled to the
human rights online as they are offline. The resolution noted that there can
be no double standard with regard to peoples right of fundamental freedom
and since internet makes a major part of present worlds communication
process, all governments must endeavour to protect the online rights of its
citizens. The landmark resolution was sponsored by Sweden and co-
sponsored by over 80 countries, that includes United States, Brazil, Turkey,
Nigeria, and Tunisia.

Global CO2 Emission Increased by 3% in 2011

According to the report Trends in global CO2 emission, global CO2 emission
increased by 3% in 2011. The 3% increase in CO2 took the total amount if
CO2 in air at an all time high of 34 billion tonnes. The report was released by
the Europe commissions joint research centre (JSC) and the Netherlands
Environmental Assessment Agency. The United states with 17.3 tonnes per
capita remains one of the top CO2 emitters, while china , the worlds most
popular country, has 7.2 tones per capita.

$650 m cut in U.S. military aid to Pakistan

Latest jab at Pakistan by the U.S., the House of Representatives has

unanimously voted to cut American military aid to Islamabad by $650 million
as Republicans sought to tamp down demands for deeper reductions. The
amendment to cut the aid, which was proposed by Republican Congressman
Ted Poe, passed on the floor in a voice vote. Mr. Poe had demanded a $1.3
billion cut, but settled for the $650 million cut. It will now go to Senate for
approval. Pakistan is the Benedict Arnold to America in the war on terror.

Putin signs Russia Into WTO

President Vladimir Putin on 21 July 2012 singed the bill ratifying Russias
entry to the world trade Organization after 18 years of often acrimonious
negotiations , economists have long argued that Russia needed to join the
WTO as it was the only major economy outside the body. The measure
making Russia the 156th WTO member will become law within 30 days .

Pakistan and US sign MoU for transporting supplies to Afghan

Pakistan and the US on 31 July 2012 signed a Memorandum of

Understanding (MoU) on transporting supplies for NATO forces in Afghanistan
through Pakistani territory after weeks of intense negotiations. The MoU
states arms and ammunition for foreign troops in Afghanistan cannot be
transported through Pakistan and that all cargo will be scanned in the port
city of Karachi and at the border crossing points of Chaman and Torkham. The
MOU will replace existing arrangements for transporting NATO supplies
through Pakistani territory, which were reportedly based on a verbal
understanding.
Rajkeshwur Purryag is Mauritius Fifth President

Rajkeshwur Purryag became the fifth president of Mauritius on 21 July. His

predecessor Anerood Jugnauth resigned in March following open conflict with
Prime Minister Navin Chandra Ramgoolam.

Mahama sworn as Ghanas new president

John Dramani Mahama was sworn as Ghanas new president on 24 July

2012.After John Atta Mills, the countrys leader, unexpectedly died at hospital
in the capital, Accra. Mahama was forever changed by his boyhood
experiences during 1966 military coup.The 53-year-old who had been vice
president was born in Bole Bamboi in northern Ghana and holds degrees in
history and communications, according to Ghanian media.

INDIA & WORLD

U.N.: India likely to miss MDG on maternal health

With one maternal death reported every 10 minutes, India is likely to miss
the Millennium Development Goal (MDG) related to maternal health, a latest
United Nations report says. While there is an improvement from maternal
death in every six minutes in 2010 to 10 minutes now, the MDG target in this
respect is unlikely to be met, the report said. At present, the Maternal
Mortality Rate (MMR) of India is 212 per one lakh live births, whereas the
countrys target is 109 per one lakh live births by 2015.The MDG Report 2012
points out that an estimated 2,87,000 maternal deaths occurred in 2010
worldwide. This represents a decline of 47 per cent from 1990 when the
MDGs were set.

Indo-Pak foreign secretary-level talks

Pakistan remains defiant on state actors behind the Mumbai terror attacks,
but sought more information on the revelations made by 26/11 handler Abu
Jundal. Speaking at a joint press conference after 4,5 July 2012 a two-day
talks that concluded at Hyderabad House in New Delhi , Indias Foreign
Secretary Ranjan Mathai stressed that relations between two countries have
to be normalized despite serious differences over the terror issue.

India 3rd Most Attractive , says UN Report

India emerged as the third most attractive investment destination after china
& US for global companies , a UN report said on 5 July 2012 . Foreign direst
Investment flows into India increased by 30% to $32 billion in 2011. While
china attracted $124 billion last year. Brazil & Russia attracted $67 billion and
$53 billion,

Mauritius Offers India 2 Islands In Its Bid To Preserve Tax Treaty

Mauritius foreign affairs and trade minister Arvin Boolell said that it was up
to India to use the Islands to its advantage. Blue Economy had great
potential . India could use north & South Agalega Islands(which are located
1.100 km north of Mauritius and have an official total area of 70 sq km, for
setting up hotels and tourist resorts , for trade, marine studies , or for
building strategic presence in the Indian ocean.

Sri Lanka, Indian navies hold maritime boundary talks

India and Sri Lanka discussed maritime matters, including the issue of
fishermen straying in each others territorial waters, as they held a crucial
annual meeting aimed at strengthening naval relationship. The 21st
International Maritime Boundary Line (IMBL) meeting between SriLanka and
India was held onboard the Sri Lanka Naval Ship Sagara at the Indo-Sri Lanka
Maritime Boundary Line off Kankasanthurai on 7 July 2012,

EU Carbon Tax: Us Invites India For Initiative To Create Global Consensus

India is among the 16 countries that have been invited to attend a US-led
initiative to decide on what action should be taken at the global against the
imposition of European Union-emission trading system. Under the system ,
which came into effect from January 1 , 27 member. European Union asked
all International airlines flying in and out of the region to meet specific carbon
emission requirement , failing which they would have to pay tax.

India Aims To Double Trade with West Africa

Indian has set up a target of $40 billion trade turnover with the West African
Nations from the present $20 billion. Mr.Sharma. along with Ghanas trade &
Industry Minister Hanna Tettch, inaugurated the India show ACCRA (GHANA)
on 9 July 2012. Mr.shrama said that India had also set a target of $90 billion
trade with Africa by 2015.The total trade between India & Africa was around
450 billion till last year.

Singapore Prime minister, Lee Hsien Loong visited India

Singapore Prime Minister, Lee Loong visited India on a three day trip. India
and Singapore signed three key bilateral agreements and a Memorandum of
understanding(MOU) on 11 July. The two countries are working on deepening
economic relations even outside south-east Asia, building linkages with
companies where India and Singapore were associated. Singapore is not only
an important trading partner in ASEAN but also a major source of FDI in flows
in India. India is Singapores eight largest investor . India Singapore bilateral
trade accelerated to USD 17.44 billion from USD 14.04 in2009-10 . The
holistic agreement turned out to be fruitful and both the countries expect to
achieve better milestones together.

UK bans Indian Mujahideen

The UK has banned Indian Mujahideen, citing the indiscriminate mass

casualty attacks" carried out by the Lashkar-e-Tayiba-linked terror group in
India and the threat it posed to British nationals there.British MPs voted
unanimously last night to ban IM, placing it on the list of 47 organisations that
have been banned from functioning in the UK.

India Draws U.S Ire Over Nexavar Row

The U.S administration has accused India of violating WTO norms by allowing
Hyderabad based Natco Pharma to make a generic version of cancer drug
Nexavar, In march this year, for the first time India had invoked a law
permitting natco Pharma to manufacture and sell cancer treatment drug
Nexavar at a price, over 30 times lower than charged y its patent holder
bayer corporation under compulsory licensing , the government had allowed .
Natco to sell the drug at a price not exceeding Rs.8.880 for a pack of 120
tablets compared to the whopping Rs.2.80 lakh per month charged by Bayer
for its patented Nexavar Drug.

8 Indian companies in Fortune 500 List

Eight Indian companies have made the cut in the list of the worlds 500
largest companies compiled by fortune Magazine, with Indian oil & Reliance
Industries finding a place in the top 100.American companies have covered
132 places in the list, followed by china 73 seats and Japan 68 seats.

Australia to restart uranium supply to India

Months after reversing its policy of not selling uranium to India, Australia on
11th July, said it was in the process of working out internal arrangements to
ensure supply of the yellowcake (Uranium) to New Delhi. In December last
year, Australias ruling Labor led by Prime Minister Julia Gillard cleared the
way for the Australian uranium to be exported to India after a strong debate
on the floor of the partys 46th national conference. Australia has the worlds
largest reserves of uranium and its ores are considered to be of superior
quality among those found elsewhere across the globe. Currently, Australia
exports uranium to China, Japan, Taiwan and the United States. However, it
had earlier declined sale to India citing a policy that barred nuclear trade with
countries that were not signatories to the Nuclear Non-Proliferation Treaty.
Russia, china Votes resolution on Syria , India Votes in favour

Russia and China today vetoed a new UN Security Council resolution that
would have slapped new sanctions against President Bashar Al Assads
regime, while India was among the 11 countries that voted in favour. Pakistan
and south Africa abstained.

India Fares Poorly In Child welfare

India fares poorly among middle-income countries when it comes to overall

well-being of children even as the world witnessed significant progress in
child health, education and nutrition during the last decade. India has slipped
by 12 ranks since 1995 and is placed 112th in the global Child Development
Index released by Save the Children, the worlds leading independent NGO
that works for child rights. According to the report, Japan is at present the
best place in the world for a child, followed by Spain, Germany, Italy, France,
Canada, Switzerland, UK and Norway. The US is ranked 24 in the Index, while
Australia is at 16th place and China is at 29th. Somalia is at the bottom.

India bans US-sanctioned Iranian ships to enter its water

India has prohibited US-sanctioned Iranian ships from entering its water as it
is hampering crude oil imports from Iran. In early July, the government had
allowed crude oil import from Iran in ships arranged by Tehran after European
sanctions evaporated insurance cover to domestic shippers. However,
Mangalore Refinery and Petrochemicals Ltd (MRPL) and other state refiners
are allowed to import oil from Iran on cost, insurance and freight (CIF ) basis
wherein Tehran was to arrange for ships and insurance. We were to import
four tankers or cargoes of about 90,000 tonne each from Iran in July. But we
could only get one as the CIF approval was withdrawn, MRPL Managing
Director PP Upadhya. US has sanctioned National Iranian Tanker Co and its 58
vessels some of which have been reflagged in other nations to put off
international sanctions.
NATIONAL

Western Ghats Now In World Heritage List

The Western Ghats has made it to the coveted list of world Heritage sites.
The world Heritage committee, meeting in st.Petersburg, Russia, late on
Sunday 1 July 2012 , decided to inscribe 39 serial sites of the western Ghats
of India on the world Heritage list. The Western Ghats was inscribed under
criteria 9 and 10 of the operational Guidelines of the world Heritage
convention. Vinod B. Mathur, Dean of the Wild Life institute of India told from
Russia . To explain it clearly, Western Ghats are those properties which
contain the most important and significant natural habitats for in-situ
conservation of biological diversity, including those containing threatened
species of outstanding Universal value from the point of science
conservations.

Accidental Deaths and Suicides in India 2011

Every four minutes, one person takes his own life in this country and one in
every five suicides is that of a housewife. This and other startling figures are
part of a government report Accidental Deaths and Suicides in India 2011
released here recently. According to the report, the number of suicides have
increased in 2011 by 0.7 per cent to touch 1,35,585 compared to 1,34,599 in
the previous year. West Bengal has reported the highest number of suicides
(16,492) accounting for 12.2 per cent followed by Tamil Nadu (15,963),
Maharashtra (15,947), Andhra Pradesh (15,077) and Karnataka (12,622).
These 5 States together accounted for 56.2 per cent of the total suicides
reported in the country.

Cabinet clears Rs.25 Crore Plan To Airlift Bhopal Waste

Almost three decades after deadly gasses spread out of the Union carbide
plant in Bhopal, the union cabinet has finally approved the proposal to airlift
350 tonnes of toxic waste from the defunct pesticide factory site to Germany
for sale disposal. The central government will pay rs.25Lakh to German firm
G12 to remove the waste.
Crime Report 2011 from NCRB

National Crime Record Bureau (NCRB) releases its data of crime happen in
India for the year 2011. The report made public shows alarming situation of
crime in India. Highlights of this reports given below. The report shows crimes
under IPC has registered a 2.5%rise in 2011 over previous year; while crimes
under special and local laws -such as Arms Act and Gambling Act have
declined by 7.4%.Total number of crimes reported in India in 2011 are 62.5
lakh. Delhi, Kanpur, Mumbai and Bengaluru accounted for 9.9% , 7.3%, 6.7%
and 6.3% of criminal activities, respectively. Andhra Pradesh accounting for
nearly 7% of the population of the country recorded 12.4% of the total crimes
against women in India.

Free Medicines For All Scheme

Centers $5.4 b plan to benefit makers of generics. India has put in a place a
4 5.4 billion policy to provide. Free medicine to its people, a decision that
could change the lives of hundreds of millions, but a ban on branded drugs
stands to cut Big pharma out of the wind fall. This policy to be implemented
by the end of 2012 and rolled out nation wide in 2 years, is expected to
provide 52 percent of the population with free drugs by April 2017.

Union Government Of India Unveiled New Free Drug Policy

The Union Government of India unveiled the 5.4 billion dollar free drug to
benefit countrys 120 crore population. Under the new policy, every citizen of
the country will be provided free medicines in all public health centers
spreaded across the country. As the Ministry of Health and Family welfare
kept branded drugs out of this policy, the patients will be given only generic
drugs. The policy which will remain effective over the next five years will
provide a much needed support to nearly 40% people of the country, which
spends 1.25 dollar or less a day on health.

States Advised To Give Preferences To Drinking Water & Irrigation Supply

An Alarming depletion in the water levels (at 57 percent of last years stage )
of important reservoirs, owing to the delayed and weak south west monsoon,
has prompted the central government to issue an advisory to the states on 9
July 2012 to make Judicious and regulated releases. The states have been
told to enhance ground water use, Deficient storage in all major dams, expect
those in central India.

Least UN-Employed States

Indias jobless rate stood at 3.8 percent last fiscal, with Daman & Diu and
Gujarat topping the list of least un-employment among states and Union
territories. Indias un-employment is better than other countries like US,
Spain and South Africa. The latest report for the year 2011-12 released by the
labour bureau . Daman & Diu and Gujarath had un-employment rates of 0.6%
and 1% respectively. Chhhattisgardh stood at 3rd , Rajasthan stood at 4th
and Punjab stood in 5th place.

Delhi is Indias most competitive city, Mumbai next

Delhi has emerged the most competitive city in the country for the third
straight time with the commercial hub of Mumbai retaining the second spot,
according to a report by an international think tank released on 11 July
2012.Chennai, Hyderabad and Kolkata, in that order, make up the top five in
rankings of the India City Competitiveness Report-2012, compiled by the
Institute for Competitiveness (IFC) that conducts studies in this area for use
by businesses and governments.

Centre Ask States To Video Graph Gram sabha Proceedings

Aiming to strengthen the functioning if panchayat Raj institutions, center has

advised state governments to video graph Gramsabha proceedings, besides
introducing a slew of schemes for improving their set up. For strengthening
Gramsabhas with the help of IT- enabled measures, four software including a
web portal have been launches by the Ministry and states are being
encourages to adopt it,

Union HRD Ministry Granted Two Central Universities In Bihar

Conceding to the demand of Bihar chief minster Nitish kumar, the Union
human Resource Development Ministry agreed to set up two central
Universities in the state. The Union Governments nod for two central
universities also put an end to the 3-year long impasse over the location of
the University . There are 41 central Universities functioning in India at
present , with Delhi and up have a maximum of 4 Universities each.

Chandrayaan-II Awaits Government Nod

Indian Space Research Organization chairman k.Radha Krishna said

chandrayaan-II , the countrys second mission to Moon, was in the last phase
of security approval from the Government and a decision was likely to be
announced soon. presenting an overview of the forthcoming missions,
Dr,Radha Krishnan said chandrayaan-II was slated for 2012 launch.

LTTEs Strong Anti-India Posture Continues; Govt Extends Ban

Government has extended the ban on LTTE declaring that it continues to

adopt a strong anti- India posture and pose a grave threat to the security of
its citizens. LTTE was banned in India in the aftermath of the assassination of
former Prime Minister Rajiv Gandhi in 1991.In a notification, the Home
Ministry said the activities of LTTE are detrimental to the sovereignty and
territorial integrity of India and there is a continuing strong need to control all
such separatist activities by all possible means. LTTE continues to adopt a
strong anti-India posture as also continues to pose a grave threat to the
security of Indian nationals, it is necessary to declare LTTE as an unlawful
association with immediate effect, Home minister said.

Tribal Reserve in Andaman and Nicobar Islands

The Supreme Court of India on 3 July 2012 declared the area within a five-
kilometre radius around the Jarawa Tribal Reserve in Andaman and Nicobar
Islands as no go zone. The Apex Court banned all commercial and tourism
activities near the Jarawa habitat. The courts verdict came following a news
report which showed some tourists throwing money, food and bananas at the
tribal people. The news report had forced the government to order an inquiry.
Jarawas are one of the oldest living indigenous people in the world. The tribe
has their home in the forests of the Andaman Islands in India. The present
number of Jarawa tribe is estimated to be about 250-400. Jarawas have been
living in the forests of the Andaman Islands for past thousands of years.

INS Sahyadri Adds Teeth To Blue water Navy

In the salty sea breeze of an overcast Mumbai monsoon day, the countrys
latest warship, the INS Sahyadri, joined the Indian Navy on 21 July 2012. The
tricolour and the naval ensign were hoisted, the national anthem played, and
AK Antony, the defence minister, formally commissioned the bristling 5,600-
tonne warship, urging the crew to promote peace and stability in the Indian
Ocean Region. the Sahyadri is the Indian Navys 134th ship. Another 46
vessels are under construction, 43 of these in India including three 6,800
tonne destroyers under Project 15A; four similar warships under Project 15B;
four 2,500 tonne corvettes under Project 28; and six Scorpene submarine
sunder Project 75.

Pranab Mukherjee 13th President of India

Pranab Kumar Mukherjee, 76, was declared elected the 13th president on 22
July 2012. The UPA nominee defeated the former Lok sabha speaker,
P.A.Sangama, by 3,97,776 value voter. While Mr. Mukherjee polled 3,095
votes(value 7,13,763) Mr.Sangama got 1483 votes (3.15.987). Mr.Mukherjee
who will be sworn in by chief justice of India S.H.Kapadia New Delhi on 23 July
2012. Secured 68.12% of the total 10,47,971 valued votes cast by 4.659
members of the state/Territorial Assemblies and parliament. Only the former
president, K.R.Narayanan,secured the maximum value votes of
9,56,290(94.97%) When he won in the 1997 election against the former chief
election commissioner, T.N.Seshan.
Uttar Pradesh Government renames Eight Districts in the State

Uttar Pradesh government on 23 July 2012 rechristened eight districts in the

state, which had been given a new name by erstwhile BSP government. The
UP governments decision to restore the early name of the districts, which
were named after the dalit and OBC icons by the previous Mayawati led
government, was taken in a cabinet meeting presided over by Chief Minister
Akhilesh Yadav. Chhatrapati Shahuji Maharaj Nagar was rechristened as
Amethi, while Rambai Nagar was named Kanpur Dehat. The districts namely
Bheem Nagar, Prabuddha Nagar and Panchseel Nagar will now be known as
Sambhal, Shamli and Hapur respectively. Similarly, Kanshiram Nagar,
Mahamaya Nagar and JP Nagar will be known as Kasganj, Hathras and
Amroha respectively.

Supreme Court allowed Tamil Nadu to carry out Small Maintenance Works on
the Mullaperiyar Dam

The Supreme Court of India on 23 July 2012 allowed Tamil Nadu government
to carry out repair and maintenance works on the Mullaperiyar dam.
However, the court instructed that the repairing and maintenance work is to
be carried out in the presence of the Superintending Engineer of Kerala and
an independent member nominated by the Chairman of the Central Water
Commission.

Changes in Union Cabinet

Congress on 31 July 2012 saw as natural the changes in the Union Cabinet
that has witnessed P Chidambaram moving to Finance and Sushilkumar
Shinde to Home.

This is Prime Ministers prerogative after Pranab Mukherjees election as

President. Naturally there was a vacancy in the Finance Ministry.
Chidambaram was today made the Finance Minister as Prime Minister
Manmohan Singh effected a minor reshuffle in portfolios in the Union Cabinet,
Power Minister Sushilkumar Shinde is the new Home Minister in place of
Chidambaram, Corporate Affairs Minister M Veerappa Moily was given the
additional charge of Power Ministry.

STATES

Jandhyala In Now Chief I-T Commissioner

Suresh jandhyala took charge as chief income -tax commissioner Hyderabad.

An IPS officer of 1979 batch, he will also hold the additional charge of chief
commissioner of I-T III , Hyderabad . Bibadh Dutta , an IRS officer of 1978
batch, assumed charge as director general (Investigation),Hyderabad.
J.K.Hota , an IPS officer of 1970 batch charge as chief commissioner I-T II,
Hyderabad.

Madhya Pradesh Stood Firsts at Implementing Employment Guarantee

Scheme

Madhya pradesh has been performing excellent in the implementation of

centers flagship Rural Employment Guarantee Scheme, MNREGA. According
to Union governments latest delivery monitoring unit (DMU) report, M.P has
performed better than several other states and stood first in implementing
MNREGA scheme among other states.

Goa Scheme To Empower Women

With an aim to curb female foelicide in Goa, chief minister, Mr . Manohar

parrikar launched the Ladli LaxmI scheme on 6 July 2012, under which
women can avail Rs.1 lakh to meet wedding expenses. The Government has
set aside Rs.150crore for the scheme, which was first announced in the state
Budget.

Highest crime against women in West Bengal, Andhra Pradesh

West Bengal and Andhra Pradesh have earned the dubious distinction of
leading a list of states where crime against women in 2011 was highest.With
7.5 percent share of the countrys population, West Bengal accounted for
nearly 12.7 percent of total crime against women by reporting 29,133
cases.The National Crime Records Bureau figures show that Andhra Pradesh,
accounting for nearly 7 percent of the countrys population, recorded 12.4
percent of total crime against women with 28,246 cases.

Sabarmati Riverfront Development Project among most innovative projects in

world

The Sabarmati Riverfront Development Project to develop the Sabarmati

riverfront in Ahmedabad, is named among the most innovative projects in the
world. According to KPMG, worlds top advisory firm, the project is an urban
regeneration and environmental improvement initiative.

Jagadish Shettar , Sworn As CM of karnataka

Jagadish shettar , a Lingayat leader backed by BJP leader B.S.Yedyurappa ,

was on 11 July 2012 sworn in as CM of Karnataka , along with a full- fledged
33 member ministerial team that included 11 new faces and two Deputy
chief minister,state unit BJP President K.S.Eshwarappa and R.Ashoka, who
were members of the D.V.sadananda Gowda cabinet,were sworn in as deputy
CM by governor H.R.Bharadwaj who administered the oath of office to the
new ministers at a ceremony at the Raj Bhavan.

50% Quota For Women In Orissa Local Bodies

Orissa chief Minister Naveen Patnaik on 13 July 2012 announced increase in

the representation of women in Urban Local Bodies (ULBS) from 33 percent to
50 percent, this claiming credit one of the first states in the country to give
50 percent seats to female folk.

U.P , Bihar , Rajastan has a high Total Fertility rate(TER)

Even as the Total Fertility rate (TER) the average number of children born to a
woman during her reproductive years has gone down substantially in the
country, the recent survey revealed that Uttar pradesh, Bihar , Rajasthan and
Jharkhand have high TFR on an average a woman gives birth to move than 3
children. The highest of 5.9 children has been reported in shrawasti district of
U.P. The TFR is 3.6 for U.P and 3.7 for Bihar.

Delhi Government Decided To Increase the Number of Districts in Delhi from 9

to11

To Facilitate the speedy justice and efficient administration, the Delhi

government decide in- principle to divide into 11 sessions and revenue
districts. The existing number of districts in 9 that includes, Central, North,
South , East, Northeast, South west, New Delhi, Northwest and west Delhi.
Five new districts namely seelampur, Gandhinagar, saraswati vihar, Najafgarh
and kalkaji will come into existence.

CONFERENCES

7th ASEAN Education Minister Meeting(ASED) in Indonesia

7th ASEAN education Ministers meeting on July 4 with the 1st Asean plus
three education Minister Meeting and the 1st East Asia Summit Education
Minister meeting from July4-5 in Yogyakarta, Indonesia. The 1st East Asia
Meeting was attended by delegates from Asean member countries Australia,
china ,India ,Japan, republic of South Korea , New zealand and the United
states of America.Indias Representative is Educational Minister
puradareswari .

Tokyo Conference Pledges $16 billion to Afghanistan

International donors on 8 July 2012 pledged $16 billion in badly needed

development aid for Afghanistan over the next 4 years. The major donors
conference, attended by about 70 countries and organizations, is aimed at
setting aid levels for the crucial period through and beyond 2014,when most
NATO led foreign troops will leave and the wartorn country will assume
responsibility for most of its own security. Afghanistan president Humid
Karzai urged the international community not to abandon his country.

South Africa to host first World Hindi Conference

The first World Hindi Conference (WHC) will be held in Johannesburg, South
Africa from September 22-24. The first World Hindi Conference in September
will see experts hold a range of serious scholarly discussions. Jointly
organized by the Indian Government, the Hindi Shiksha Sangh of South Africa
(HSS) and the Indian Cultural Centre here, the event will be held from
September 22 to 24. A large delegation from India comprising around 500 to
600 participants, in addition to about 300 from South Africa will join various
other international delegates.

NASA Includes Two Indian Innovators On Waste Management

NASA, the US space agency has included two Indian innovates for its
conference on waste management. Nitin Gupta from Attero Recycling and
Anshu Gonj from Goonj are among nine innovators from across the globe
that made it to the NASA conference on waste management, which started
on 20 July 2012. Gupta from Attero Recycling is Indias leading provider of
end to end electronic and electrical goods e-waste management services,
while Goonj is a grass roots NGO focused on transforming and revaluing
clothing and textiles waste by working on these issues directly at the
community level.

US hosts 19th International AIDS Conference

The worlds largest meeting on HIV/AIDS opened on 22nd July in Washington

with calls to speed up the global response to the three-decade-long epidemic
that killed 1.5 million people last year.The 19th International AIDS Conference
drew around 25,000 people, including politicians, scientists and activists, as
well as some of the estimated 34 million people living with HIV who will tell
their stories.

AWARDS & HONOURS

Nayudamma Award for TCS Rajanna

V.Rajanna , President of the IT and ITES Industry Association of AP(ITsAP) and

global head of TCSs Telecom Technology Business unit , Hyderabad , has
been chosen for the Nayudamma Award for the year 2012 .The Nellore based
Nayudamma centre for development Alternatives (NCDA) Chosen MR.Rajanna
in recognition of his outstanding contribution in ITA communications.

Award for Golden Rock Railway workshop

The Golden Rock Railway workshop at Trichi over hauls diesel locomotives
and coaches , manufactures steam locomotives and wagons and also exports
locomotives. During 2011-12, the workshop released 138 diesel locomotives
from periodical over hauling against the target of 79 set by the Railway
Board. In recognition of this achievement, the chief Mechanical engineer,
southern Railway, Mr s.J.sood , awarded a shield to the workshop, as Railway
week celebrations.

Samsung Announces cash Award for Olympic medal

Samsung India announced cash award of rs.20 lakh to any of the countys
sports persons winning a gold medal in the forth coming Olympic games to
be held in London.

Osmania University Awards Doctorate To APCC Secretary

Srungarapati Ananda Babu, APCC Secretary and Babu Jagjivan ram All Indias
samta movement president , has been awarded doctorate by Osmania
University.

Manipal University Was The Golden Peacock Environment Management

Award 2012

Manipal University won the Golden Peacock Environment management

Award 2012 . The main theme of this meet was driving sustainable
business through economy. The Award was given by karan singh on the 14th
world congress meet an Environment Management . The ceremony was held
in the Le Meridian Hotel, New Delhi.

Major Award for TMI Chairman

The Hyderabad Management Association has awarded T.Muralidaran, the

fonder and chairman the TMI Group the Entrepreneur of the year Award
2012. small scale for his exemplary contribution in the field of human
resources and skill management on 11 July 2012.

Dr. Kutikuppala Surya Rao Selected for Award of FRCP (London)

Dr. Kutikuppala Surya Rao has been selected for the award of Fellowship of
the Royal College of Physicians (FRCP) (London). FRCP is given in recognition
of particular professional merit. The President of India awarded Padma Sri,
the prestigious civilian award in India to Dr. Kutikuppala Surya Rao in 2008 for
his contribution in the field of medicine and medical service to the people at
large.

Lanco Infratech Bags Award

Lanco Infratech Ltd (LITL) has won the In house communication excellence
award 2012, where their journal was adjudges the best in cover design
category. Lanco won the award where in 685 entries from various public and
private sector organizations were assessed.

NMDC Director Gets Mining Engineer Award

Narendra kumar nanda, director of the countrys largest iron ore producer
NMDC , was conferred with Abheraj Baldota Memorial Award Mining Engineer
of the year for 2012-11 by the Mining engineers Association of India. The
Award is given every year in recognition of meritorious contribution to the
mining industry by a mining engineer.

Golden Peacock Award

Lanco Kondapalli Power Ltd, a subsidiary of the power and infrastructure

company Lanco Infra tech Ltd, has won Golden Peacock Award for its
environment, health and safety management . The Golden peacock awards is
instituted by the World Environment foundation. It also won the Green
tech safety award: in the golden category for the plants priority to work
place health and safety philosophy.

Sundarsham Patnaik Won Gold medal in World Sand Sculpture Championship

2012

Indian Sand Artist Saundaram sham patnaik won Peoples Choice Medal
Award in Moscow . It was the second world sand sculpture championship.
Artists from 11 countries took part in the championship. Sundarsham
Sculpted the copy of the face of The showman of the millennium Raj
Kapoor. His interpretation of the Raj kapoor was highly praised by the visitors.
His Sculpture symbolizes Indo- Russian Friendship. Sundarsham Patnaik has
also won Berlin World championship 2008. His sand sculpture was based on
the awareness about global warming.

4India-American Scientists Receive US Presidential Award

US President barrack Obama has named four Indian American scientists
among 96 researchers as recipients of the prestigious presidential early
career Awards for scientists and Engineers. The four researchers are sridevi
Vedula sarma, pawan sinha, Parag A Pathak, and Biju Parekkadan. This is the
highest honour given by the Us Government to science & Engineering
professional in the early stages of their independent research career.

Fukuoka Prize for Vadana shiva

Well Known Environment activist vadana Shiva has been named the winner of
the prestigious Fukuoka prize awarded by the Fukuoka city government in
Japan to people who contributes to academia , arts , and culture in Asia. And
Shiva was presented with official notification of the award at a ceremony held
in Delhi on 23 July 2012.

ONGC was awarded Gold Trophy in Safety Management Award 2012

Greentech Foundation awarded Gold Trophy in Safety Management Award

2012 on 24 July 2012 to Oil and Natural Gas Corporation (ONGC). The
conference was held in Srinagar, Jammu and Kashmir. The Application of the
Company was short listed by the award committee. ONGC was selected in
Corporate Category for the gold trophy of safety management award.
A.K.Hazarika and Anoop Kumar are the Director and ED-Chief HSE of ONGC.

Kulandei francis Got Magsaysay Award

Kulandei francis has been chosen for the Ramon Magsaysay Award for the
year2012, for economic empowerment of thousands of women and their
families in rural India. Mr.Francis is a director of the krishnagiri based BGO
integrated village development Program(IVD). He was invited by Foundation
to receive the award at Manila on august 31.

Jeet Thayil, Long Listed for Booker Prize

Jeet Thayil, noted kerala- born post and novelist, has been long -listed for the
2012. Man Booker Prize for his debut novel Narcopolis Mr.Thayil is among
12 writers long-listed for the 50,000 Prize. A Short list of six will be
announced in September, and the winner at Londons Guildhall on October
16. If Mr.Thayil goes on to win, he will join a select band of India or India-born
writer such as salman Rushdie, kiran desai and Aravind Adiga who have won
a Booker.

NMDC Director(finance ) bags Award

Mrs. Thiagarajan, National Mineral Development cooperations

Director(finance),received the Icon of the Accounting Profession award for
the Institute of public enterprises of Hyderabad. The award is in recognition of
his contributes to NMDCs recent acquisition of Legancy Iron ore Mine & on-
going setting up of a steel plant.

Innovation Awards For Gigachi, Yegna Manohanvam

Innovation award for MSMEs, Promoted by the foundation for MSME clusters
in association with the commissionerate of Industries, were bagged by sigachi
& Yegna manojavaram Drugs & Chemicals Ltd, for 2011.

SPORTS & GAMES

Asia Cup Final ends In A Thrilling Tie

Indian colts lost wickets in a heap towards the end of the innings as the under
-19. Asia cup final against Pakistan ended in a thrilling tie, with both countries
sharing honours at the Kinrara Academy oval, Kulalumpur on 1 July 2012.

Sandeep wins 1500m Gold

sandeep Karan singh won the 1500metres in the Asian all stars meet that
concluded in Almaty, Kazakhstan on 1 July 2012.

Clinical West Indies Win T20 series

Chris Gayle smashed his second successive fifty and spinner sunil Narine
claimed 4-12 as west Inides to a 61-run victory over new zealand to win2-0
in the twenty series in Florida.

Woods Triumphs AT&T Golf Tournament

Tiger Woods won the storm hit AT & t National on 1 July 2012 for his 74th
career title to pass Jack Nicklaus for second place all -time on the PGA Tour
list.

Spain Won UEFA Euro Cup FootBall Championship 2012

Spain beat Italy 4-0 in the final to win UEFA (Union of European football
Associations) Euro cup Football championship 2012 at the Olympic stadium in
kiev, Ukraine , on 1July 2012. Spain has set up a record by becoming the first
team to claim two consecutive titles in tournaments 52-year long history Iker
casillas was the captain of Spain team.The four goals hit by David Silva, Jordi
Alba, fermando Torres and Jvan Mata hed the Spain team to a remarkable
victory. Spain midfielder andres Inierta of Spain was declared as the mass of
the match given the golden boot as he scored three goals in the Spains title
winning campaign.Torres also became to score in two separate European
championship finals.

Kolkata To Host Richest Domestic Golf

Kolkata will host the richest domestic event in the country with the inaugural
Rs.1.25 Crore Russel Tour championship Race to RCGC , in December.
Abhijeet wins US Event , GM title for Venkatesh

National Champion Abhijeet Gupta beat IM dean Ippolito of United states to

won the Philadelphia International chess Tournament, while MR Venkatesh
became Indias 28th grand Master at the event,Philadelphia(USA).

Ayaz Wins Title

Asias highest ranked match racing skipper Ayaz shaik, who is also the
reigning national champion and top seed at the on going Monsoon Regatta,
won the title in the omega class match racing championship at the , Hussain
sagar lake in Hyderabad.

Ex-England Batsman Mark Ramprakash Announced Retirement From Cricket

Previous England Batsman Mark Ramparakash on 5 July 2012 announced his

retirement from cricket after being told by survey that he was not figured in
the selection plans. He was the most prolific and stylish batsman in the
England Cricket team.He scored 13000 runs in limited over cricket and
35689 runs in 461 first class matches. He is one in 25 players in the history of
the sport who have scored 100 first class centuries.

Sindhu Bags Asian Youth Title

PV sindhu created history by becoming the first Indian to win girls singles
Badminton title in the Asian Youth under-10 championship at Gimcheon,
korea .In the final on 7 July 2012, sindhu rallied to beat okuhura nozomi of
Japan.

Wimbledon 2012
Wimbledon 2012 was a 14 day sporting even commenced on 25 June 2012 &
concluded on 8 July 2012.

Womens single won by Serena

Srena Williams of US beat Agnieszka Radwanka of poland to claim Ladies

Singles Title.it was her fifth Wimbledon and 14th Grand Slam Singles Title.

Roger Federer Won Wimbledon Title 2012

Roger Federer regained the Wimbledon crown when he beat Andy Murray in
four sets in the final on 1 July 2012. The victory was his 17th major title. He
had won 7 Wimbledon titles yet and equaled the pete sampras record. The
master also equaled the Americanss record of 286 weeks at the top, starting
on 9 July 2012.

Womens doubles won by serena and venus williams

In Ladies doubles, Serena Williams and Venus Williams emerged victorious as

they defeated Andrea Hlavackova and Lucie Hradecka.

Mixed doubles won by Brayan and Lisa

The mixed doubles Title was grabbed by Mike Brayan and Lisa Raymond by
defeating Leander Paes and Eleba vesnina.

Mens Doubles won by Marry and Nielson

The Mens Doubles title was grabbed by Jonatham Marray and Frederick
Nielson.

Webber pips Alonso In British Grand Prix

Mark webber claimed the ninth win of his career on 8 July 2012. when he
swept to dramatic and perfectly -judged victory in an incident filled British
Grand Prix

Sarvanan Takes The Honours

National champion Vishu sravanan of CESC won the title in the optimist
category with eight wins from ten races as the Monsoon Regatta sailing
championship which concluded at the Hussain sagar lake Hyderabad 8 July
2012 .

Title High For Choi At US Open

South Koreas Na Yeon Choi won the US Womens open on 8 July 2012,
showing a champions resolve in the face of adversity to claim her first major
title. Choi 24, fired a one over 73 at Black Wolf run for a seven- under. Total of
281 and a four shot victory over another south Korean, amy yang.

Indian Wrestlers Win 19 Medals

Indian Wrestlers Won 19 medals , Including five golds in the Asian cadet
championships at Bishkek(Kygyzkan), Besides five gold , the Indian also won
four silver & 10 Bronze medals.

Mark Boucher Announces Retirement

 South Africa wicket keeper Mark Boucher had retires from international
cricket after suffering server eye injury during his countrys tour match
against somerset.Boucher had to undergo 3 hrs surgery. Boucher has been a
mainstay of the south Africa side for 15 years, appearing in 147 tests and
becoming the first wicket keeper to take 500 catches in Test Cricket, where he
has also scored five hundred.

London Olympic Games would Be The Most Dope Tested In History : WADA

The London Olympics is all set to go down in history as the most dope tested
games with more than 6,000 Agency(WADA) said.

Brett Lee Retired From International Cricket

Cricket Australia paid rich tribute to pace man Brett Lee, who announced his
International retirement. The 35 year old Lee retired after a 13-year
international career that included 76 tests, 221 ODIs and 25 twenty twenty
internationals .He is the second Highest ODI wicket- taker (380) for Australia
behind Glenn Mc Grat ch ( seventh all-time ) and one of only four Australians
to take more than 300 test wickets.

Two women athletes represent Saudi Arabia in London Olympics

The London Olympics will be the first ever to include women athletes from
every competing nation after Saudi Arabia agreed to send female athletes.
According to The Guardian, Wodjan Ali Seraj Abdulrahim Shahrkhani in judo
and 800-metre runner Sarah Attar will take part in the Olympics.

Jayaveena sets Yet Another National Record

A.V,Jayaveena set her second National record in as many days as she won the
50m break stroke event in 35.42 seconds in 39th Junior aquatics
championships, Chennai on 12 July 2012
Sushil Kumar Named Indias Flag -Bearer

World Champion and Olympic Bronze medalist . wrestler Sushil kumar , was
chosen as the flag bearer of the Indian contingent at the opening ceremony
of the Olympics in London on July 27.

David Ferrer wins Swedish Open

David Ferrer won his second Swedish Open title after defeating fellow
Spaniard Nicolas Almagro 6-2, 6-2. The No. 5-ranked Ferrer was never
challenged during the clay-court match, which was his 11th career victory
over Almagro. It was his second Swedish Open tennis title.

Windies Clinch ODI series Against New zealand

West Indies to a 24 run win over N\ew Zealand in the fourth one-day
international which clinched the five match series.

China won the junior women hockey championship

China won the junior women hockey championship by defeating India, The
tournaments final was held in Bangkok on 7 July.

Second Straight Win Humpy

Koneru Humpy posted her second straight win in the FIDE womens Grand
prix chess tournament at Jermuk (Armenia) on 18 July 2012.
Amla Scores Triple

Hashim Amla became the first South Africa batsman to score 300 in a test
match when he reached the landmark against on the fourth day of the first
test at The oval on 22 July 2012. Amla was on 311 not out. The triple
century scored by Amla in tests is a record in South Africa cricket.

Alson Wins Controversial german Grand Prix

Fernando Alonsa led from pole position to chequered flag to win the German
Grand Prix Ferrari on 22 July 2012 while Gemans world champion Sebastian
vettal was stripped of second place for an overtaking infringement.

Dramatic Win For Els After Late Scott Collapse

South African Erine Els won the British golf open by one stroke from
Adanscott on 21 July 2012, after the Australian suffered an extraordinary late
collapse in an incident packed final day .

Bradley Wiggins won the 99th Edition of Tour de France Bicycle Race

Bradley Wiggins of Britain became the first cyclist of the country, to win the
coveted Tour de France Cycling race on 22 July 2012. Team Sky rider Wiggins
is the first cyclist to have won both the Tour and an Olympic track cycling
gold. His Sky teammate and fellow Briton, Froom Christopher came second.
Their teammate and fellow country man Mark Cavendish was declared the
days winner as he won the final stage of the race.

Dinda named Bengals Player of the year

The Cricket association of Bengal on 23 July 2012 honoured ex- India foot ball
captain chuni Goswami with the kartrick Bose lifetime achievement award,
while Laxmi Ratna Shukla and Ashok Dinda were jointly given the best
players of the season 2011-12 honours.

Cibulkova Triumphs

Dominika cibulkova beat to seeded Marion Bartoli on 22 July 2012 to win the
WTA Carksbad Crown. This is second tennis title in her career.

London Olympics 2012

The London 2012 Olympic Games Opening Ceremony took place at 9pm on
27 July 2012. Titled Isles of Wonder, the Ceremony welcomed the finest
athletes from more than 200 nations for the start of the London 2012 Olympic
Games, marking an historic third time the capital has hosted the worlds
biggest and most important sporting event.The Opening Ceremony reflected
the key themes and priorities of the London 2012 Games, based on sport,
inspiration, youth and urban transformation. It was a Ceremony for
everyone and celebrated contributions the UK has made to the world
through innovation and revolution, as well as the creativity and exuberance
of British people. The spectacular finale of the event saw the Olympic
Cauldron, formed of 205 copper petals representing the competing nations
coming together in London for the Games, ignited by seven young
Torchbearers nominated by Britains past and present Olympic and sporting
greats.

Siling Shots Down First Gold

Chinas world number one YI Siling won the first gold of the London Olympics
in the womens 10 air rifle competition at Londons Royal Artilley Barracks on
28 July 2012.

Hungarian Grand Prix Won by Hamilton

Mc.larens lewis Hamilton delivered a flawless performance from the pole
position to the chequered flag to win the Hungarian Grand Prix on 29 July
2012. Hamiltons win was his second of the year and the 19th of his career.

Chinshanlo Won Gold in Olympics

kazakhstans zulfiya chinshanlo set a world record in clean & jerk as she
powered to Olympic gold in the womens 53 kg on 29 July 2012 and claimed a
cash bonus from her countrys president.

Gagan Narang Fetches First Medal For India

Shooter Gagan Narang provided the spark to Indias Olympic campaign by

clinching the bronze medal in the mens 10 m air rifle event on the fourth day
of Olympics at he Royal Artilery London on 30 July 2012.Narang, 29,
participating in his third Games, had a total score of 701.1 (598 qualifying,
103.1 final) to finish third at the Royal Artillery Barracks range, triggering
celebrations among the Indian diaspora here and the countrymen back home.
It was third time when Gagan Narang was participating in Olympics.

ECONOMY

Tata AIG becomes Tata AIA life

Tata AIG life insurance has been rechistened as Tata AIA life Insurance
company following the exit of amrican International group(AIG) from the
Hong-kong based AIA Group.

RBI Lunches Online Facilities For G-Secs Trading

The Reserve Bank of India has taken one more step to widen investor
participation in secondary market,Trading in government securities. The RBI
has introduced a web based system for online trading by gilt account holders.
This facility is operational from June 29.

ICIC Bank Sells Its Debt In Kingfisher to Srei Arm

ICIC Bank sold its entire debt of Rs. 430crore in the crisis -ridden Kinfisher to
Srei venture capital Ltd,a group company of srei infrastructure Finance Ltd.
Kingfisher airlines owned by liquor baron vijay Mallaya was launched in 2005
and has not reported profits since.The airlines has a total debt of a round
Rs.7500crore.Banks which had given loans to kingfisher Airlines include
SBI(Rs.1400 crore),PNB(around 700 crore), Bank of Baroda (around
Rs.500Crore) and ICICI bank(around Rs.450 crore).

Government To Setup Rs.2000 Crore venture Fund For R&d in Pharma

The central Government has decided to setup with a venture capital of

Rs.2000 Crore which will promote research and development(R&D) in the
pharmaceutical sector. India is the third largest producer of pharma products
by volume, and the industry in growing at 15-20 percent annually.

India Emerged as the 3rd Most Preferred FDI Destination: UNCTAD report
2012

According to the world investment report 2012 released by united nations

conference on trade & development(UNCTAD) on 5 July 2012, India emerged
as the third most preferred Foreign Direct Investment(FDI)destination in the
world. The first position was occupied by china followed by US. The report
noted that FDI inflows to had increased by 33%in 2011 to 31.66 billion.

china Cuts Interest Rates Again

chinas Central Bank cut interest rates for the second time in 2 months on 5
July 2012 in the latest attempt to bolster slowing growth in the worlds
second largest economy.

Rs.4,575 Plan To Revive Five PSUs

Plans to nurse bock five public sector units (PSUs) at a total investment of
Rs.4575 crore are under active consideration of the government which will
also revive Lucknow based scooters India without inducting any strategic
partner. Old time blue chip PSUs-HMT, HMT bearings,HMT watches, news print
maker NEPA and Nagaland pulp and paper will be revived through the
induction of funds by the government.

SEBI Permitted MCX Stock Exchange(MCX-SX) to Operate As A Full-Fledged

Stock Exchange

Market regulator Securities and Exchange Board of India (SEBI) on 10 July

2012 permitted MCX stock exchange (MCX-SX) to operate as a full -fledged
stock exchange there by ending nearly four-year-long wait of the bourse. with
the grant of the permission MCX-SX will from here on be able to offer
additional asset classes such as equity and equity FAO, internet rate futures
and whole sale debt segments.

ADB Gives $800m To Build 9,000 km Of Rural Roads

This is first tranche of $1.2 billion programme covering 5 stets. A Loan of

$800 million from the Asia Development Bank(ADB) will held build 9,00 km of
rural road in five states. The investment is part of a larger $1.2 billion
programme to connect villages in Assam, chattisgarh, Madhya Pradesh,
Orissa & West Bengal with all -weather by the end of 2017.

Coal India To Invest Rs 7,500 cr On Rail Infrastructure In 3 states

Public sector miner coal India Ltd has lined up on Investment of Rs 7,500
crore to development railway tracks and related infrastructure to evacuate
coal from chattisgarh, Jarkhand and Odisha . This would help the company to
evacuate around 100 million tonnes(mt) of additional coal from each of
states.

IMF Lowers Indias Growth Forecast

The International Monetary Fund on 16 July 2012 lowered Indias growth

forecast for 2012 calendar year, citing weakening domestic demand and
difficult external environment, and said the country faced financial stability
concerns because of the depreciating rupee and large fiscal deficit. The fund
expects Indias economy to expand only 6.1% in 2012 against its April
estimate of 6.8%. Moreover, it does not see any meaningful recovery in 2013,
pegging GDP growth at only 6.5%, down from 7.2% estimated earlier.

Planning Commission Sanctioned 57800 crore Rupees As Annual Plan For UP

Making an increase of whopping 23% annual financial allocation for UP, the
planning commission of India allocated 57800 crore rupees to the state for
fiscal year 2012-13. Besides, it also approved a 20,crore rupees additional
funding for centre sponsored schemes in the state. The planning
commission had sanctioned 47000 crore rupees to up during financial year
2011-12 . The decision over the financial allocation for the state came
following the meeting held between up chief minister Akhilesh yadav and
planning commission chairman Montek Singh Ahluwalia in New Delhi on 18
July 2012.

Government Clears Dis Investment of 10.82 pc stake In SAIL

The government on 19 July 2012 approved the sale of 10.82 percent of its
stake in steel authority of India (SAIL),Which may fetch the exchequer over Rs
4,000 crore. The cabinet committee on Economic affairs (CCEA), headed by
PM Manmohan singh has cleared SAIL public offer. The government currently
holds 85.82% stake in SAIL.
No need to file income tax returns if salary not exceeding Rs 5 lakh

Salaried employees earning up to Rs 5 lakh a year need nod file income tax
returns from this year, the Finance Ministry said on 20 July 2012.The
exemption from filing I-T returns is applicable only if the total income of the
employee does not exceed Rs 5 lakh (and) the annual interest earned from
savings bank account is less than Rs 10,000 for assessment year 2012-13.At
present, income of Rs 2-5 lakh attracts 10 percent tax, Rs 5-10 lakh 20
percent and above Rs 10 lakh, 30 percent.

13 trillion stashed in offshore tax havens

A new report by tax researchers estimates the amount of black money

deposited by a global super-rich elite in offshore accounts at 13 trillion
equivalent of the combined GDP of the US and Japan. The report by Tax
Justice Network released to The Observer is said to be the most detailed
estimates yet of the size of the offshore economy. In the report, Mr James
Henry, former chief economist at consultancy McKinsey and an expert on tax
havens, shows that at least 13 trillion perhaps up to 20 trillion has
leaked out of scores of countries into secretive jurisdictions such as
Switzerland and the Cayman Islands with the help of private banks.

No Service Tax on remittances from abroad

Setting at rest concerns expressed in various quarters, the Central Board of

Excise and Customs (CBEC), on 10th July,, clarified that remittances from
abroad would not attract service tax.

SCIENCE & TECHNOLOGY

In Japan, First Reactor Is Restarted Since Quake

A two-month shutdown of Japans nuclear power plants ended on Sunday

when officials at a western plant reactivated a reactor for the first time since
the disaster last year in Fukushima.The restarting of reactor No. 3 at the Ohi
nuclear plant was ordered by Prime Minister Yoshihiko Noda, in a decision that
has spurred growing public protests.

Zebra Fish Research Facility Opened at CCMB

A state of the art research facility on Zebrafish, an important animal model to

study modern biology and human diseases, was inaugurated at the center for
cellular and Molecular Biology(CCMB).The genome of Zebrafish was similar to
the genome of humans and this has prompted CCMB to deal exclusively with
their ti investigate development biology invertebrates.

UK To Test Worlds first Pilotless Fighter By 2013

Pilotless fighter planes have come a step closer to reality as British Aerospace
revealed that it would test such a new fighter jet next year.The company is
set to unveil a new super-fighter which can fly on its own for 24 hours with no
cockpit and no human on board, according to a media reported.If all goes as
planned the artificial intelligence could mean the end of fighter pilots in the
UK and bring down the curtain on conventional aircraft like the F-35.

Iran tests fires Missile, says Israel Target

Iran on 3 July 2012 said it had successfully tested medium rang missiles
capable of hitting Israel in response to threats of military action against
country.

Worlds Smallest fly Discovered

Scientists have discovered what they say is the worlds smallest known fly
which feeds on tiny ants, probably decapitating them and using their head
casings as its home. with a length of Just 0.4mm. the fly called Euryplatea
nanaknihali, is five times smaller than a fruit fly and tinier than a grain salt,
the researcher said.

Amniotic fluid An Alternative stem Cell Source

Stem cells taken from amniotic fluid can be transformed into a move versatile
state similar to embryonic stem cells and may offer an alternative to the
medically valuable but controversial cells , scientists said on 3 July
2012.British researchers said . They had succeeded in reprogramming
amniotic fluid cells without having to introduce extra genes. This suggests the
possibility that stem cells derived from amniotic fluid could be stored in banks
and used for medical therapies and i research.

God of all particles found !

British researches from the large Hadron collider at CERN(european

organization for Nuclear research) said here on 4 July 2012 they have found a
new subatomic particle consistent with the elusive Higgs boson, which is
thought to give mass to elementary particles. These results mark a significant
break through in our understanding of the fundamental laws that govern the
Universe, said prof.john Womersley , CEO of the science & Technology
facilities Council. The particle was proposed in 1964 by three groups of
physicists, including Britains peter Higgs, after whom it was named. The
results were labelled as preliminary, based on data collected in 2011 and
2012 data still under analysis. But scientists are 99.99% sure the new particle
is Higgs Boson, or the God Particleas it better Known.

Home HIV Test Wins FDA Nod

After decades of controversy, the food and Drug administration, or FDA on

3July 2012 approved a new HIV test that for the first time maker it possible to
learn in the privacy of their homes easy to use as a home pregnancy kit. The
OraQuick Test,by Orasure Technologies, uses a mouth swab and gives
results in 20-40 minutes.
Yahoo! India RAD Sets Up Lab at IIT Madras

Yahoo ! India RAD has entered into an agreement with IIT, Madras, to support
its faculty and students in closed computing research. Yahoo has setup a grid
computing lab Madras on IIT Campus, consisting of a cluster of high-end
server running its open source Hadoop software, which will provide the
infrastructure necessary to conduct research on bid data and cloud
computing systems. The lab, which costs over Rs.50 lakh to build. will be
accessible to students who have cloud computing courses and doctoral
candidates.

Dark Matter Found Between Galaxies

For the first time. astronomers have discovered a giant string of invisible dark
matter across the universe between a pair of galaxy clusters. The Universe is
thought to be filled with such strings of dark matter, a mysterious substance
that cannot be seen, only sensed through its gravitational pull.

DNS Changer Virus

Tens of Thousand of people around the world whose computers were infected
with malware known as DNS Changer away lose their internet access on 9
July 2012 after the expiry of a US government fix. The virus was created by a
gang of cyber criminals to redirect Internet traffic by hijacking the domain
name systems of web browsers. The ring behind the DNS changer virus,
discovered in 2007, was shut down last year by the US Federal Bureau of
Investigations (FBI): Estonian police and other law enforcement agencies.
Because the virus controlled spo much internet traffic, authorities obtained a
court order to allow the FBI to operate replacement servers which allow traffic
to flow normally , even from infected computers.

Hubble Discovers Fifth And Tiniest Pluto Moon

US astronomers using the Hubble space Telescope have discovered a fifth and
tiniest moon yet orbiting the icy dwarf planet Pluto. The mini-moon is
estimated to be irregular in shape and between 10km and 25 km across. It is
visible as a speck of light in Hubble images, NASA said. The newly discovered
moon, provisionally named s/2012[134340]1 until it gets a proper name,
could help reveal more on how the Pluto system came into existence and
evolved ever since. Plutos largest moon, charon,which is about 1000 Km
across, was discovered in 1978. Hubble observations in 2006 uncovered two
additional small moons, Nix and Hydra.

India Successfully Test Fires nuclear Capable Agni-I Missile

India successfully test fired domestically Agni-I ballistic missile.The missile

was launched from a test range at wheeler island off Odisha coast. Agni-I was
developed under the join of work of advanced systems Laboratory, the
missile development laboratory of the DRDO, DRDL and Research centre
Imarat, while it was integrated by Bharat Dynamics Limited, Hyderabad.

Russian Soyuz Space Craft blasted -off From The Baikonour Cosmodrome In
Kazakhstan

A Russian Soyuz TMA -o5 M Space craft carrying three astronauts including
sunita Williams, the Indian American astronaut, took off for the International
space station on 15 July 2012 from Baikonur cosmodrome in Kazakhstan. The
Soyuz launch marked that opened the door to US- Russian cooperation in
space science.

Asian Space Powers gear For More Moon Missions

The three major Asian space powers China , Japan & india are entering the
next phase of their lunar exploration. Now, all three want to send an orbiter
that will circle. The Moon as well as lander that will gently settle on its
surface and release, a rover that will roam about. Chinese space officials says
that the Change-3 could leave for the moon in 2012. Indias chandrayaan-2
mission could be on its way in 2014. Japan plans to send selene-2 landing
mission to Mon by Tatasuaki okda. south korea plans an orbiter lander
mission to Moon around 2023.
Iran on 3 July 2012, test-fired a medium range ballistic missile Shahab-3

The Shahab-3 has a range of up to 2000 kilometres. The Shahab-1 and

Shahab-2, the two short-range missiles, with ranges of 300 to 500 kilometres,
were also launched. The missile launch was the part of Irans Great Prophet 7
exercise. Great Prophet 7 exercise was announced by Iran on 1 July 2012 in
the wake of latest European Union sanctions on Iran. The exercise, which
involved test of dozens of missiles and domestically-built drones came
following European Unions decision to ban the purchase of Iranian crude oil.
The EUs decision is the clear repercussion of failed dialogue held between
Iran and world powers on Irans ambitious nuclear programme.

Scientists identified First Radio Waves from Middleweight Black Hole HLX-1

A team of scientists at the University of Sydney on 10 July 2012 discovered

the first radio emissions from the middle weight black hole HLX-1, that lies in
a galaxy about 300 million light-years away. The research team had used
Compact Array radio telescope from the Commonwealth Scientific and
Industrial Research Organization (CSIRO). HLX-1 (hyper-luminous X-ray source
1), lies in a galaxy called ESO 243-49 about 300 million light-years away. As
per the new study, the size of HLX-1 is around 20000 times the mass of our
sun which makes it an intermediate mass black hole.

U.S Approves Anti HIV Drug

The U. S Food and Drug administration(FDA) gave its first ever nod for an
anti- HIV drug, Truvada , to pharmaceutical firm Gilead Sciences, Truvada is
known chemically as fixed dose, daily intake combination of emtricitabine
and tenofovir disoproxil fume rate.

India Set TO launch Astrosat Next Year

Astrosat along Journey for a national space observatory. Next year, India is to
launch Astrosat, the countrys first satellite dedicated to astronomy, which
will gaze out at the Universe in x-ray, U.V and visible light bands . The data
its instruments supply help scientists to have better under standing of the
ways of the cosmos. TIFR, Mumbai will be responsible for developing three of
Astrosats five instruments .

India pitches for BrahMos induction in Russian naval fleet

India 17July 2012 asked Russia to induct the 290-km range BrahMos
supersonic cruise missile in its Navy to strengthen the joint venture between
two countries. This was conveyed to Russian Deputy Prime Minister Dmitry
Rogozin here by head of the BrahMos joint venture A Sivathanu Pillai.
BrahMos missile has been inducted in all the three wings of the Indian armed
forces but the Russian side has not yet done so.

Stephen Hawking Launches Supercomputer

Renowned theoretical physicist Stephen Hawking has launched the most

powerful shared-memory supercomputer in Europe. Hawking anticipates that
the COSMOS supercomputer, manufactured by SGI and the first system of its
kind, will open up new windows on the universe, a university. During the
launch, which is part of the Numerical Cosmology 2012 workshop at the
Centre for Mathematical Sciences at the University of Cambridge,
Cosmology is now a precision science, so we need machines like COSMOS to
reach out and touch the real universe, to investigate whether our
mathematical models are correct.

Worlds smallest semiconductor laser created

Scientists have developed the worlds smallest semiconductor laser, a

breakthrough that they say will lead to the development of faster, smaller
and lower energy photon-based technologies for treating and studying
diseases. Physicists at The University of Texas in collaboration with colleagues
in Taiwan and China, have developed the worlds smallest semiconductor
laser, a technology for emerging photonic technology with applications from
computing to medicine, according to a report published in the journal
Science. The device is constructed of a gallium nitride nano rod that is
partially filled with indium gallium nitride. Both alloys are semiconductors
used commonly in LEDs. The nano laser is too small to be visible to the naked
eye and when fired, it emits a green light.

Army Conducts Successful User Trail of Brahmos

Balasor ( Odisha) On July 29,2012. India on 29 July 2012 successfully test

fired Brahmos supersonic cruise missile from the integrated test range at
chandipur of odisha coast. The missile with a flight range of up to 29 km is
capable of carrying conventional war head if 300 kg. This is a surface to
surface army version was test fixed as a part of user trial by the Army. This
was test fired from ground mobile launcher from launch complex-3 of ITR.

China Tests Career Rocket Engine

China on 29 July 2012. It has successfully tested a new 120 tones thrust liquid
oxygen(LOX) and kerosene engine for its new generation carrier rocket, the
Lon March-5 for future space launches. The LOX/Kerosene engine under went
a test of a high rotational speed of nearly 20,000 revolutions per minute.

NASAs Newest Mars Rover Faces a Tricky Landing

The US space agencys most ambitious and expensive Mars mission yet, and
it begins with the red planet arrival on 29 July 2012 of the smartest
interplanetary rover ever built. NASA designed for the Curiosity rover is so
risky its been described as seven minutes of terror the time it takes to
go from 13,000 mph (20,920 kph) to a complete stop. The future direction of
Mars exploration is hanging on the outcome of this USD 2.5 billion science
project to determine whether the environment was once suitable for microbes
to live. Previous missions have found ice and signs that water once flowed.
Curiosity will drill into rocks and soil in search of carbon and other elements.

PERSONS IN NEWS
A) Appointments

Jawahar Thakur assumed the Charge as the controller General of Accounts

Jawahar Thakur, a 1979 batch Indian civil accounts service officer took over
as the new controller General of Accounts (CGA) of India, the past earlier held
by c.R.Sundaramurti, Prior to his appointment as the CGA,Thakur was the
principal chief controller of Accounts in the central board of Direct
Taxes(CBDT) under the department of Revenue in the Finance Ministry.

Chidambaram Appointed Head of EGOM

Home minister P.Chidambaram was on 6 July 2012 appointed the head of the
Empowered Group of Minister(EGOM)on spectrum auction that was
reconstituted after Agriculture Minister Sharad Pawar declined the job fearing
controversies.Chidambaram,will head the 7 member group that also includes
Defense Minister A.K.Antony, Telecom Minister Kapil sibal, IAB minister Anbika
soni, Law minister Salman Khurshid, Minister of state in PMs office
V.Narayana swamy and Planning commission deputy chairman Montek singh
Ahluwalia.

Jayarama Bhat Gets Second Term as Karnataka Bank Chief

The RBI has approved the reappointment of Mr. P. Jayarama Bhat as MD and
CEO of Karnataka Bank for the second term. Mr. Bhat first term in office will
be completed by July 13.The RBI has conveyed its approval for the
reappointment of R. Bhat for further period three years with effect from July
14.

SEBI Appoints Muralidhar Rao as ED

Mr. S.V. Muralidhar Rao has been appointed as executive Director with SEBI
.The appointment of Mr Rao as ED comes after the vacancy created by the
exit of Ms. Usha Narayanan.

Bhusan Now In Steel Ministry

Civil Aviation additional secretary and former DGCA E.K.Bharat Bhushan was
shunted out of the civil aviation Ministry on 13 July 2012 and posted as
additional secretary and financial adviser in the ministry of steel.

Seema Modi Named Heinzs First Woman MD In India

US Food Company Heinz had appointed seema Modi as its India Managing
director , helping has become the third woman to become the India head of a
global consumer products firm in the last 2 years.

Yahoo! Names Googles Mayer as New CEO

yahoo! named 37 year-old Marissa Mayer , a key Google ream member ,a s

its chief executive making her among the most prominent women in
Technology and corporate America. At Google. Mayer was responsible for
local and geographical products including Google Maps, Google Earth, Zagat,
Street view, and local search for desktop and mobile. she joined Google in
1999 as its 20 th employee and led efforts for many of Googles most
recognizable products, including the development of its flagship search
product and iconic home page for over 10 years.

Styam Retains Manoharan As Director

Stayam Services retained Mr. T. N Manoharan, the former President of

Institute of charted Accountants of India , as a director of the company. Mr.
T.N.Manoharan, the Government appointed director on the scam-hit firm.
ceased to be the director two days ago long with Mr.Ashok Kacker,
conforming to the company Law Boards 2009 order.

Sachin Tendulkar, Rekha Included In Parliamentary Panels

Rajya Sabha MP Sachin Tendulkar was made a member of a Parliamentary

Standing Committee on Information and Technology on 19 July 2012 The 31-
member panel is currently examining the Cable Television
Networks(Regulation) Second Amendment Bill, 2011. Bollywood actor and
another Rajya Sabha member Rekha has been included in the Parliamentary
Standing Committee on Food, Consumer Affairs and Public Distribution. The
panel, with 31 members, is examining the Bureau of Indian Standards
(Amendment) Bill, 2012, the Consumer Protection (Amendment) Bill, 2011,the
National Food Security Bill, 2011 and the Warehousing Corporation
(Amendment) Bill, 2011.

Amartya Sen Appointed As First Chancellor of Nalanda University

Nobel laureate Amartya Sen was on 19 July 2012 appointed as the first
chancellor of the upcoming Nalanda International University in Bihar.

Pawar Heads GoM on Coal Minning

Agriculture Minister sharad Pawar has been named as head of the Group of
Ministers on coal mining, position earlier held by pranab Mukherjee. The 12
member GoM on coal-mining was constituted by the prime minister in
February 2011 to iron out issues impeding the sector, Which is vita; for
meeting energy requirement if the economy.

Hesham Kandil Named Egypt Prime Minister By President Mohammed Morsi

Egypts newly-elected President Mohamed Mursi has appointed Hisham

Kandil, irrigation minister, head of the new government, assigned to turn the
nations economy and internal security around after 17 months of instability
and protests.Kandil was born in 1962 which makes him Egypts youngest
prime minister to date. He is also the countrys first bearded premier.

Ali Mamluk appointed as New Security Chief of Syria

General Ali Mamluk, who was appointed on 22 July 2012 as the new head of
Syrias National Security office, is a career intelligence officer. General Ali
Mamluk, who was head of state security, is becoming the head of the Bureau
of National Security, with the rank of minister, overseeing the entire security
apparatus. Mamluk is a Sunni Muslim from Damascus, who has been a central
figure of Syrian security for decades although most of the top echelons
belong to the minority Alawite sect from which the Assads hail.

Pranab Mukherjee sworn as 13th President of India

Pranab Mukherjee was on 22 July 2012 sworn in as the countrys 13th

President at an impressive ceremony in the packed and historic Central Hall
of Parliament. a familiar place for the 76-year-old Congress veteran who has
spent over four decades in politics, Mukherjee took the oath of office as
President, in the name of God, to preserve, protect and defend the
Constitution and law.

Omita Paul is appointed as the secretary of the president

Appointment committee of the Cabinet (ACC) appointed Omita Paul as the

secretary of the president. She was replaced christy L Fernadez. Omita is a
retrieved officer from Indian Information service(IIS) from 1973 batch.She is
the wife of K.K.Paul, the former Delhi police Commissioner.

Anil K. Agarawal is New ESIC Chief

Mr. Anil agarwal has taken over as the Director General of Employees state
Insurance corporation (ESIC) under Ministry of Labour and employment. Mr.
Agarwal is an IAS officer of the 1981 batch. before this he was serving as
additional chief secretary , Animal Resources Development department,
Government of west Bengal.

Nasir Ali as the new Joint Managing Director of Air India

Civil aviation Ministry on 11 July, appointed Nasir Ali as the new joint
managing director. He was dealing with human resource issue related to the
merger of Air India and Indian Airlines. He is the second managerial executive
posted in airline by civil aviation ministry after Rohit Nandan who was
appointed as the chairperson and managing director of the airline in 2011.

First Female Head of the AU Union Nkosazana Dlamini-Zuma

African Union (AU) on 15 July 2012 elected South Africas home affairs
minister Nkosazana Dlamini-Zuma as its new head, making her the first
female head of the union.Dlamini-Zuma beat incumbent Jean Ping of Gabon
37-17. Dlamini-Zuma, wife of the former South African President Jacob Zuma,
African Union, the successor to Organization of African Unity, came into
existence in 2002 at Durban summit in South Africa. The Union is
headquartered at Addis Ababa Ethiopia. A pan-African organization, AU aims
at promoting unity and cooperation among African nations. The association
also strives to spread democracy and good governance in the continent. At
present the African Union has a total of 54 members. Morocco is the only
African country which is not the part of the Union.

The new President of Mexico is Enrique Pena Nieto

The Institutional Revolutionary Party (PRI) leader, was elected as the new
President of Mexico on 2 July 2012. The Institutional Revolutionary Party had
ruled Mexico for nearly 71 years, before being voted out of power in 2000
presidential elections. Under the Mexican Constitution, the president is the
head of both the state and the government. He is also the Supreme
Commander of the Mexican armed forces.
B. Surender Mohan was appointed as the new Chairman of Neyveli Lignite
Corporation (NLC)

B. Surender Mohan was appointed as the new Chairman and Managing

Director of Neyveli Lignite Corporation (NLC) on 1 July 2012.A R Ansari was
the former Managing Director of Neyveli Lignite Corporation. Neyveli Lignite
Corporation is the government organization and the leading company in
mining, thermal power plants and innovative researches. Mohan is 56 years
old. He served as the Mines Director in his earlier stage of life. He started his
career from Rourkela Steel Plant and he was the Deputy General Manager at
Rashtriya Ispat Nigam in the year 1998.

B) Resigns

Pawar Quits as Tele GOM

Within days of his appointments,Agriculture Mnister sharad pawar on 2 July

2012 rescued himself from heading the Empowered group of Minister(EGOM)
on telecom. The Agriculture minister was named the head of the EGOM that
was to decide on the pricing and auction of telecom spectrum after pranab
mukharjee quit as Finance Minister to contest Presidential elections.
Attempts have been made in the past to unnecessarily drag me in the
controversy on 2G spectrum. These allegations are false and ill -motivated
which one have firmly refuted, MR.Powar said in his letter to PM, As such
one thoughts it will be appropriate for me to rescue myself from the position
of chairman of EGOM Mr Powar added.

CEO Diamond Quits Barclays

Barclays chief executive diamond resigned on 3 June , followed a few hours

later by the banks chief operating officer, in a deepening scandal over the
rigging of a key global interest rate. The latest resignations took to three the
number of senior Barclays executives have to quit in the last two days.
Mr.diamond and COO Jerry del Missier stepped down the day after Barclays
chairman Marcu Ahius resigned on 2 June 2012 and amid an intense London
financial sector.
Sadananda Gowda resigns as Karnataka CM

Ending his 11-month tenure, DV Sadananda Gowda on Wednesday resigned

as Karnataka Chief Minister, paving the way for Jagadish Shettar to take over

Rehman Malik resigns from Pakistan Senate after SC order

In the wake of Pakistan Supreme Courts order suspending his membership of

Senate, Pakistan Peoples Party (PPP) leader and the countrys Interior Affairs
in charge, Rehman Malik, on 10July 2012 tendered his resignation from
Senate.

C)Deaths

Assamese Poet Hiren Bhattacharyya Died

Popular Assamese poet and Winner of the Sahitya Academy Award and
several honours for Hiren Bhattacharyya who passed away at a private
hospital on 4 July 2012.He had been undergoing treatment for long and
urinary infection since June 14. He was 80 . popularly known as Hiruda,
Bhattacharyya was widely known for using single words in his poems.

Floral Tributes Paid To Jagjivan Ram on Death Anniversary

Floral Tributes were, on 6 July 2012 Paid to freedom fighter and former deputy
PM Babu Jagjivan Ram at his memorial santa sthal in New Delhi on the
occasion of his 26th death anniversary

Darasingh Passed Away

Wrestler -turned -actor Dara Singh , who was battling for life since the last
five days , passed away early on 12 July 2012. A childhood hero to may for his
wrestling prowess, 83-year old singh , who played Hanuman in epic Teleserial
Ramayan and also dabbled in politics, passed away at 7.30 Am on 12 July
2012 at his residence.

Tamil Languages Computing Championship Anto Peter Passed away

Tamil Language computing champion Anto peter passed away on 12 July

2012.He was 45 year old. He was awarded with the Best Author Award in
the year 2007 by the union government of India. He won Best book
government Awardin the year 2004. Anto peter was the member of Tamil
software development fund,semmozeh conference,12th five year plan
committee which was represented by the government of Tamilnadu.

Czech Drug Developer Dead

Czech scientist Antonin Holy, who played an important role in creating drugs
to treat HIV and AIDS , died at the age of 75, the CZECH Academy of sciences
said. Mr. Holy died on 16 July 2012 the day U.S Health regulators for the first
time approved using truvada, a drug that he helped develop, to prevent
infection in people who face a high risk of contracting the virus that causes
AIDS. Mr. Holy also helped develop the drug vestide, used for the
treatment of retinitis in AIDS patients, and Heprera to treat hepatitis B.

Veteran socialist Mrinal Gore, the Paniwali Bai passes away

Veteran socialist leader Mrinal Gore, who earned the sobriquet Paniwali Bai
for her efforts in bringing drinking water supply to Goregaon, a Mumbai
suburb. passed away on 17 July 2012. She died at 84 .Gore led a rally of
hundreds of women brandishing rolling pins from Church gate to Azad Maidan
in South Mumbai. The first time she held a similar protest on the issue was in
1972.
Rajesh Khanna Passed Away

Rajesh Khanna , Indias first superstar, died of liver failure at his home on 18
July 2012 . Rajesh Khanna , 69, was battling liver and kidney problems for a
long time . He is survived by wife Dimple kapadia and daughters twinkle and
Rinke. Announcing the death, his son-in-law,actor Akshay kumar expressed
his condolences. His debut film was Aakhri khat (1966).His first superhit film
was Aaradhana opposite Sharmila Tagore. The actor appeared in 163 films,
including 15 consecutive super hits between 1962 and 1972, an unbroken
record.

Syrian Defence Minister Died

A suicide bomber struck the National Security building in the Syrian capital on
Wednesday, killing the defence minister and President Bashar Assads
brother-in-law the harshest blow to the Syrian regime since the uprising
began.Defence minister Dawoud Rajha, 65, a former army general, was the
most senior government official to be killed in the Syrian civil war as rebels
battle to oust Assad.

Indira Gandhis Advisor P.N.Dhar Dead

Prithvi Nath Dhar, an eminent economist who served as principal secretary to

the late M Indira Gandhi in the 1970s,died in new Delhi on 19 July 2012. He
was 94 and died of age related problems. A Professor of economics in Delhi
University for many years, Dhar was one of the founder of the Delhi school of
Economics.

Freedom Fighter, Doctor, comunist Lakshmik sehgal Passed Away

Lakshmi sehgal, who is a close aid of Subhash Chandra bose was passed
away on 23 July 2012. She was part of subhash chandra boses Indian
national Army. she took role as head of the womens regiment of INA, which
was called the Rani of Tansi regiment. She contested the Presidential
election as a left parties candidate in 2002 and defeated by A.P.J Abdul
Kalam. She was the principle member of ALL India Democratic Womens
Association(AIDWA)

Sally Ride, First US Woman to travel into Space, passed away

Sally Ride, the first US woman to travel into space died in La Jolla, California
on 23 July 2012. She was 61. She was suffering from pancreatic cancer.Ride
set off for space in the US space shuttle Challenger in June 1983. Sally Ride
was, however, not the first woman to travel into space, as Valentina
Tereshkova of erstwhile USSR had visited space in June 1963.

President Of Ghana , John Atta Mills Passed Away

President of Ghana, John Atta Mills, who won international praise for a stable
model democracy in Africa, he was passed away. He was a lawyers and
taxation expert. John Dramani Mahama succeeded John Atta Mills, John
Dramani Mahama sworn in as president of Ghana.

Kuchipudi Guru Vempati Passed Away

Renowned kuchipudi expert vempati chinna satyam , a dance guru of the

stars, died at his home in Chennai on 29 July 2012. He was 83 and had been
ailing for more than six months due to age related aliments.

D) Visitors

S.M.Krishna Visit to Tajikistan

Giving a push to Indias connect central Asia policy external affairs minister
S.M. Krishna visited the Tajik capital to hold talks with the resource rich
countrys top leadership on bilateral issues on trade.

Indian envoy in Tibet after 10 years

The Indian envoy to china, s.Jaishankar , is on a rare visit to Tibet where he is

touring mount kailash and Manasarovar.

Hillary Clintons surprise visit to Afghanistan before conference

US Secretary of State Hillary Clinton arrived in Kabul on 7 July 2012 on a

previously unannounced visit. Clinton made the surprise visit a day before a
key conference on the insurgency hit country to be held in Tokyo.

Pak PM Visit To Saudi Arabia

Pakistan Prime minister Raja parvez Ashraf on 15 July 2012 for a two day
official visit to Saudi Arabia his first foreign trip since he assumed office in
June.

Hillary Clintons 13 day Visit To Asia

Hillary Clinton, the US secretary of state , visited Israel on 16 July as the last
halt of her 13 -day long visit of eight Asian countries including Afghanistan,
Japan ,Mongolia , Vietnam , Laos , Combodia, Egypt and Israel.

Singaporean prime minister,Lee Hsien Loong visited India

Singaporean Prime Minister,Lee Hsien Loong visited India on a three day trip
in July 2012. Where India and Singapore signed three key bilateral
agreements and a Memorandum of Understanding(MOU) on 11 July 2012,
New Delhi.
E)Miscellaneous

Ice Land Prez Wins Record 5th Term

Ice Lands President Olafur Rognar Frinsson is set for a record Fifth term in
office with 100 percent of votes counted from 30 June poll , the socialist
Grimmson won 52.78%. While his main rival Thora Arnors dottir came in
second with 33.16 percent.

Oldest Meteror Impact Crater Found

Scientist has discovered a giant crater in green land , which they believe
might be the result of a massive asteroid or comet impact 3 billion years ago,
i.e the oldest known impact crater on earth.

Philippine crocodile Is Largest In captivity

Guinness world Records has declared , that a huge crocodile blamed for
deadly attacks in the southern Philippines is the largest in captivity in the
world. the giant reptile has ought pride, fear, tourism revenues and attention
to the previously little -known town where it was captured last year. Guinness
spokesman Anne-lise Rouse says the salt water crocodile nicknamed Lolong
measured 20.24 feet and weighed more than a ton.

Russia unveils worlds longest cable-stayed bridge

Russia on 2 July 2012 unveiled the worlds longest cable-stayed bridge as it

put the finishing touches on a troubled multi-billion investment aimed at
revitalising the countrys distant Far East.Prime Minister Dmitry Medvedev
opened the 1,104-metre (3,622-foot) link from Vladivostok to Russky Island.
Europes Tallest Building To Open With Laser Slow

Europes Tallest Building the Shard, officially unveiled on 5 July evening with a
spectacular laser display performed to music by the Lon Philharmonic
Orchestra.The Shard designed by Italian Architect Renzo Piano, is the tallest
building in Britain at 310 meters (1.016 feet). It consists of 72 fully occupy-
able floors and 15 extra levels of which six can be used and nine are just part
of the design.

Kazakhstan unveils Central Asias largest mosque

The largest mosque in Central Asia has opened in Kazakhstan, just six months
after the building was damaged in a fire during which a construction worker
died.President Nursultan Nazarbayev attended the opening of the mosque in
the capital, Astana, today timed to coincide with the 14th anniversary of the
citys foundation. The mosque spans an area of 17,500 square metres, and is
topped by a 51-metre central dome and eight smaller domes.

Hillary Clinton sets record with 102 countries, 843,839 miles

US Secretary of State Hillary Clinton has broken all travel records by visiting
more countries than any other U.S. Secretary of State did in the past. The
former first lady completed an epic 13-day journey of 27,000 miles about
2,000 miles more than the circumference of the Earth through land over
Europe to Asia and then doubling back to the Middle East. Since becoming
secretary of state in 2009, Clinton has logged 351 days on the road, traveled
to 102 countries and flown a whopping 843,839 miles, according to the State
Department.

Derek OBrain Became the First Anglo- Indian To Vote in Presidential Election

Derek OBrain , the Rajya sabha MP from West Bengal became the first Anglo
Indian to vote in Presidential elections in India. Brian, a trinamool congress
MP, cast his vote in Kolkatta on 19 July 2012.

Americas Oldest Store Shuts Down After 224 years

Americas oldest general store, opened one year before George Washington
was sworn in as the first president of the United States, has shut down after
serving the community for 224 years. Grays Store in the small village of
Adamsville in Rhode Island opened in 1788, selling penny candy, cigars and a
small selection of groceries, as well as antiques and collectible knick-knacks.

PLACES IN NEWS

Strong 6.3Quake Strikes Off Vanuatu: USGS

A strong 6.3 magnitude quake struck off the Pacific Island nation of Vanuatu
on 6 July 2012, the US Geological survey said.The tremor hit about 358km
northwest of the capital port vila at a depth of about 180km,USGS said.

Flood in Southern Russia

Flash floods in Russias southern Krasnodar region have killed at least 78

people and affected nearly 13,000 in the areas worst natural disaster in
decades, officials said on 7 July 2012. Gelendzhik alone received five months
worth of rain in 24 hours, a major blow to the resort at the height of the
tourist season, the regional administration said.

5.8 earthquake In Afghanistan, Tremors Felt In Punjab, Kashmir

A magnitude 5.8 earthquake struck northern India on Thursday evening.

Tremors were felt in parts of Punjab and Jammu and Kashmir reportedly. The
epicentre of the quake was in Hindukush region.Press Trust of India (PTI)
reported that the powerful earthquake also jolted parts of Punjab and Khyber-
Pakhtunkhwa provinces of Pakistan though there were no reports of
casualties or damage to property.

BOOKS IN NEWS

A Book on sachin

Sachin : Born to Bat by veterian Journalist Khalid A-H Ansari and edited by
clayton Murzello ia a unique ade to contemporary crickets finest batsman.
This book is about sachin how he entered in to the cricket e.t.c..

Rahul Dravid: The Timeless Steel

Legendary cricketer Rahul Dravid, together with Sanjay Manjrekar and Harsha
Bhogle today launched a collection of stories about Dravids amazing playing
and Test career in Mumbai. Titled Timeless Steel, the 256-page book
portrays a cricketer who embodies the finest tradition and values of the
game. Disney Publishing has a long tradition of telling great stories and it is
a pleasure to be launching this book on Rahul Dravid, together with ESPN
cricinfo. Timeless Steel, is a celebration of a truly gifted cricketer and an
Indian legend of sport, said Roshini Bakshi,

A Book on P.V.Narsimha Rao

Contrary to the claims of veteran journalist Kuldeep Nayar in his soon-to-be

published book Beyond The Lines, Kunal,who was the Officer on Special
Duty (OSD) to the Union Home Ministry on the Ayodhya issue, said, the
factual position is that Rao was neither worshiping nor sleeping at the time of
demolition of the Babri Mosque on the fateful day.

A Book On Saina Nehwals Inspirational Story

Saina Nehwals phenomenal success as an international badminton player is
one of the most inspiring stories of Indian sports. Author TS Sudhirs book,
Saina Nehwal: An Inspirational Biography, is an account of her rise as a
champion with the selfless support of her. parents Dr Harvir Singh, an
agricultural scientist, and Usha Rani and the dedication of her coaches.

Book Written By Shashi Tharoor Released

Chief Minister Oommen Chandy released Pax Indica: India and the World of
the 21st Century, the new book by Shashi Tharoor. Tharoor, a former UN
diplomat, was speaking after the release of his 13th book Pax Indica: India
and the World of the 21st Century which deals with Indias foreign policies
and the countrys role in the multi-aligned 21st century world.This book was
released on 16 July 2012.

COMMITTEES

No Alternatives To dredging ram Sethu : Panchuripanel

The PM appointed R.K.Panchauri Expert committee on 2 July 2012 said the

alternative route for sethu samudram shipping channel, suggest by the
supreme court to avoid damage to Ram sethu. Which still has mythological
significance to a large section of Indians, was both economically and
ecologically unviable.

Cartoonists outraged By Throat Panels Suggestion to Remove cartoons from

NCERT text Books

A six Member committee called throat committee has been appointed by

kapil sibal to analyse the cartoons in NCERT text books. The throat
committees report has come critical for recommending the removal of many
Government related cartoons. Cartoonists have been left outraged at they
recommended removal of their works from NCERT text books. The S.K. Throat
committees suggestions on the removal of the cartoons is nothing but a
reflection of the growing intolerance among the countrys political class, the
cartoonists says . These works have been deemed Educationally in
appropriate for school students.

Kris Gopalakrishna To Head Govts Cloud Computing Panel

The Government has set up a committee to recommended the framework for

cloud computing services under the chairmanship of Infosys executive co-
chairman, Mr Kris Gopalakrishna. The committee has been set up following
instructions from the IT and telecom Minister Kapil Sibal . Indian Computer
emergency Response Teams Director, Mr Gulshan Rai, also member of the
committee.

PM Panel To Take The Bite Out Of GAAR

In a bid to bring great clarity on GAAR (General Anti- Avoiding Rules) and
prepare its implementation, prime minister. constituted an expert committee
to prepare and finalize guidelines for the hitherto controversial tax provision.
The PM has approved the constitution of an expert committee on GAAR to
undertake stake holder guidelines for GAAR. This committee would manage
the consultation process and finalize the draft GAAR Guidelines.

Panel set up to look into pay- related issues defence personnel

Nearly a forth night after the new army chief , General Bikram singh, listed
welfare of Ex. servicemen and war widows as his to priority, the government
on 13 July 2012 announced the setting up a 5-member committee, to be
headed by cabinet secretary Ajit seth, to look into pay and pension related
issues of defense services personnel and ex-servicemen.

ABBREVIATIONS
TFR Total Fertility Rate

GAAR General Anti Avoidance Rules

NABARD National Bank for Agricultural And Rural Development

FAO Food and Agricultural Organization

MNREGS Mahatma Gandhi National Rural Employment

Guarantee Scheme

DMU Delivery Monitoring Unit

ISS International Space Station

PCPNDT Preconception Pre-Natal Diagnostic Techniques

ECBs External Commercial Borrowings

NCERT National council of Educational Research and Training

ICRISAT International Crop Research Institute for semi- arid

Tropics

NAC National Advisory Council

TDSAT Telecom Dispute Settlement and Appellate Tribunal

NBFC Non Banking finance Company

IFC International Finance Corporation

DICCI Dalit Indian Chamber Of Commerce and Industry

CCIL Clearing Corporation of India

FCCB Foreign Currency Convertible Bonds

CBFC Central Board of Excise and Customs

FICCI Federation of Indian Chambers of Commerce and

Industry

ECOWAS Economic Community and West Africa States

IIP Index of Industrial Production

WADA World Anti Doping Agency

FBI FEderal Bureau of Investigation

EGoM Empowered Group ofMinister

FDI Foreign Direct Investment

UNCTAD United Nations Conference on Trade and Development

CBDT Central Board of Direct Taxes

CCMB Cellular and Molecular Biology

UEFA Union of European Foot Ball Association

SSTCG Strategic Security Technology Coordination Group

DAYS & DATES

July 1 International Jokes Day

July 1 Doctors Day

July 1 State Bank of India Foundation Day

July 2 World Sports Journalists Day

July 3 International Day of Cooperatives

July 4 Independence Day of America

July 8- Writers Day

July 11 World Population Day

July 20 Special Olympics Day

July 25- Parents Day

July 26- Kargil Day

July 28 World Nature conservation Day

July 28- World hepatitis Day

July 29 International Tiger day

Other articles you might be interested in:

July 2012 National Current Affairs

July 2012 Persons in News

July 2012 International Current Affairs

July 2012 Current Affairs Bit Bank

July 2012 India and World Current Affairs

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