Saturday, 14 July 2012

Current Affairs july2

Morsy elected Egypt president

Islamist Mohamed Morsy of the Muslim Brotherhood has been elected president of Egypt. He succeeds Hosni Mubarak . Mr Morsy, a 60-year-old, US-educated engineer who spent time in jail under Mr Mubarak . He defeated former general Ahmed Shafik.

Alonso wins European Grand Prix

Fernando Alonso of Ferrari won European Grand Prix .He become the first Formula One driver to win two races this season . Kimi Raikkonen of Lotus finished second, while Schumacher completed the podium after Lewis Hamilton and Pastor Maldonado collided on the penultimate lap as they fought for third place.

India hikes foreign investment cap on govt bonds

Reserve Bank of India (RBI) relaxed the External Commercial Borrowing (ECB) norms, increased the overall cap of foreign investment into government securities (G-Sec) and permitted more categories of long-term institutional investors to invest in such securities. The new norms allow companies in the manufacturing and infrastructure sector to borrow more from overseas to pay back their outstanding domestic loans, which were borrowed at a higher cost. Indian companies in manufacturing and infrastructure sector having foreign exchange earnings can now access ECB for repayment of their outstanding rupee loans towards capital expenditure and fresh rupee capital expenditure under the approval route. The overall ceiling for such ECBs has been capped at $10 billion. RBI announced hiking of the foreign investment cap on government bonds by USD 5 billion and hike of limit on overseas commercial borrowings by USD 10 billion.

First Class and AC railway passengers to pay service tax from July 1

The Railways have decided to impose service tax on First Class, AC Classes and freight rates from July 1. The Railway Board is preparing to levy a 12 per cent service tax that was proposed in the General Budget for 2012-13, but was deferred for three months till June 30. With freight and passenger fares enjoying a 70 per cent subsidy, the impact on the increase in freight charges and fares of First Class and AC I, AC II and AC III will be 3.6 per cent. The Union government is likely to net about Rs. 3,500 crore from this exercise annually.

Chinese central bank cuts benchmark rates

China’s central bank cut interest rates for the second time in two months in the latest attempt to bolster slowing growth in the world’s second-largest economy. Benchmark lending rates will be cut by 31 basis points to 6 percent, and deposit rates by 25 basis points to 3 percent.

Sunil Chettri joins Portuguese club

India captain Sunil Chhetri has signed for Sporting Lisbon and will play with the B team for two seasons. The signing is part of an agreement with Indian football authorities to develop the game.

Wimbledon 2012 — June 25-July 8

2012 champions
Women’s singles:Serena Williams
Men’s singles:Roger Federer
Women’s doubles:Serena and Venus Williams
Men’s doubles: Jonathan Marray and Frederik Nielsen
Mixed doubles: Lisa Raymond and Mike Bryan

Federer won seventh Wimbledon title

ROGER Federer has won a record-equalling seventh Wimbledon title and 17th Grand Slam crown .He has defeated Andy Murray, Swiss Player has also regained the world number one ranking.

Serena won fifth Wimbledon title

Serena claimed her 5th Wimbledon singles crown and 14th Grand Slam trophy after defeating Agnieszka Radwanska, 6-1, 5-7, 6-2. Sisters Venus and Serena Williams captured their fifth Wimbledon doubles crown after beating the partnership of Andrea Hlavackova and Lucie Hradecka of the Czech Republic, 7-5, 6-4. The Williams sisters have now won 13 major doubles title since forging a partnership in 1999.

Mark Webber wins British Grand Prix

Mark Webber claimed the ninth win of his career in British Grand Prix. Pole sitter Alonso’s second place,world champion Sebastian Vettel came third ,Felipe Massa finished fourth in the second Ferrari ahead of his former Ferrari team-mate Kimi Raikkonen and his Lotus team-mate Romain Grosjean. Seven-time world champion Michael Schumacher of Mercedes finished seventh ahead of Lewis Hamilton. Bruno Senna finished ninth for Williams and Jenson Button was 10th in the second McLaren. It was Webber’s second win this year, after triumphing at Monaco, and his second at Silverstone in three years.

2012 UEFA European Football Championship

The 2012 UEFA European Football Championship, referred to as Euro 2012, was the 14th European Championship for national football teams organised by UEFA. The final tournament was hosted for the first time by Poland and Ukraine, between 8 June and 1 July 2012.
The final tournament featured 16 nations.
Host countries Poland
Dates 8 June – 1 July
Teams 16
Venue(s) 8 (in 8 host cities)
Final positions
Champions Spain (3rd title)
Runners-up Italy
Tournament statistics
Matches played 31
Goals scored 76 (2.45 per match)
Attendance 1,440,896 (46,481 per match)
Top scorer(s) Croatia Mario Mandžukić
Germany Mario Gómez
Italy Mario Balotelli
Portugal Cristiano Ronaldo
Russia Alan Dzagoev
Spain Fernando Torres
(3 goals each)
Best player Spain Andrés Iniesta
Tournament’s Golden Boot Fernando Torres,

Assamese poet Hiren Bhattacharyya passes away

Popular and celebrated Assamese poet and winner of the Sahitya Akademi Award and several honours Hiren Bhattacharyya passed away .Bhattacharyya popularly Known as the “Poet of Love and Sunshine”, was honoured with the Sahitya Akademi Award in 1992 and Assam Valley Literary Award in 2000.He penned at least 11 collections of poetry and books on nursery rhymes. Many of his poems have been turned into songs by renowned Assamese singers. His most popular collection, “Sugandhi Pokhila” (“Fragrant Butterflies”), has been translated into English.

S&P, Moody’s cut Barclays outlook rating to negative

LONDON Ratings agencies Standard and Poor’s and Moody’s downgraded Barclays’ long-term rating outlook to negative from stable.Moody’s stated that shareholder and political pressure was creating uncertainty about the bank’s future. S&P stated that the emergence of “weak business practices” had hit the company’s prospects.

Aditya Birla buys Canadian pulp co

Aditya Birla Group has signed an agreement to buy the Terrace Bay Pulp Mill in North Western Ontario, Canada.The group will invest more than $250 million in a phased manner to convert the mill to produce dissolving grade pulp. The acquisition will be made through a special purpose vehicle (SPV), AV Terrace Bay Inc. (Canada).

Pawar quits telecom as EgoM

Agriculture Minister Sharad Pawar quit as the head of EGoM on Telecom. Panwar quits because of the allegations against him in the 2G case.

E-filing of returns must for income over Rs10 lakh

The Central Board of Direct Taxes (CBDT) has made it mandatory for all individuals and Hindu undivided family (HUF) having annual income of more than Rs 10 lakh to file their returns electronically for which digital signatures are not necessary.

Barclays Chairman Marcus Agius quits

Barclays Plc chairman Marcus Agius quits over rate-fixing scandal . Agius is chairman of Britain’s third biggest bank for 5-1/2 years, is the first major scalp from the scandal

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