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State
Bank of India to provide wealth management services
Banking
and Insurance >
SBI > 29th July
State
Bank of India is planning to foray into wealth management, one of the
most profitable business initiatives of private and foreign banks.
Since the potential customers of such services are high networth
individuals, SBI is roping in 40 skilled executives besides some
existing managers for handling the wealth management team. The move
comes after the private sector peers of SBI started profiting from
the wealth management services as it would improve the fee income
profile of the bank.
Supreme
Court rejects petition, Yakub Memon hanged
India
> Terrorism > 29th July
The
Supreme Court rejected 1993 Mumbai serial blasts convict Yakub
Memon's petition against the death warrant and cleared way for his
execution which was held on 30th
July, Thursday. Memon had sent a mercy plea to President Pranab
Mukherjee which was awaited. The decision was taken by a bench
comprising Justices Dipak Misra, Prafulla C Pant and Amitava Roy.
World
Day Against Trafficking in Persons observed across the world
Days
> World
Day Against Trafficking in Persons > 31st July
The
world observed World Day Against Trafficking in Persons on 30
July 2015. The global campaign #IGiveHope
was launched on this day by the
United Nations Office on Drugs and Crime (UNODC) in order to
raise awareness about the plight of survivors of trafficking in
persons. Through this day, UNODC attempts to combat the practice of
trafficking and provide support to victims.
Historic
peace accord signed to resolve 60-yr Naga conflict
India
> Nagaland > 04th August
The
era of insurgency in Nagaland comes to an end as India signed a
historic peace accord with the rebel NSCN(IM) on Monday that promises
a return to normalcy in the state, while making it easier for India
to integrate eastwards towards Asia. The signing of the agreement was
witnessed by PM Narendra Modi, home minister Rajnath Singh, chairman
of NSCN (IM), the largest of the Naga insurgent groups and national
security advisor Ajit Doval.
Others
Gujarat
becomes first state to mandate voting
India
> Gujarat > 29th July
Gujarat
has officially made voting compulsory in local body elections under
the controversial Gujarat Local Authorities Laws (Amendment), Act
2009 (2014). The compulsory voting notification comes along with an
ordinance for the addition of a clause the act for declaring the
elected representatives disqualified if they do not vote. Any citizen
who fails to vote during the elections if caught will be penalized —
the punishment could be monetary fine or non-eligibility for certain
civic incentives — which will be specified once the rules are
framed.
World
Hepatitis Day observed with theme ‘Prevent hepatitis. Act now’
Days
> World
Hepatitis Day > 29th July
On
28 July 2015, World Hepatitis Day was observed across the world under
the theme Prevent hepatitis. Act now. The day marks the
importance of raising awareness about the disease and help bring
about change in its prevention, testing and treatment. The theme
highlights the fact that infection through transmission can be
prevented through proven and effective interventions.
International
Tiger Day observed across the world
Days
>
International
Tiger Day > 29th July
International
Tiger Day was observed across the world on 29 July 2015. This day was
founded at the Saint Petersburg Tiger Summit in 2010 in
Russia to raise awareness about extinction of tigers. Since then the
day has been observed every year to promote the protection and
expansion of the wild tiger habitats and to gain support through
awareness for tiger conservation.
Sanjiv
Chaturvedi, Anshu Gupta win Ramon Magsaysay Award
Awards
> Ramon
Magsaysay > 29th July
The
official website of Ramon Magsaysay Award Foundation (RMAF) has
announced names of five recipients of Asia's premier prize, the Ramon
Magsaysay Award. The individuals are from India, Laos, Myanmar, and
the Philippines. Sanjiv Chaturvedi, a former chief vigilance officer
at the AIIMS is being awarded for Emergent Leadership and his efforts
to keep corruption in check and Anshu Gupta, founding director of the
non-government organization Goonj for his humanitarian work.
Tata
Group set to enter e-commerce, digital health
Corporate
> Tata
Industries > 30th July
The
Tata Group is planning to enter e-commerce business with its
marketplace modelled on the likes of Amazon and Flipkart. In
collaboration with other Tata companies, Tata Group will have an
omni-channel marketplace. Another business in which it is planning to
enter is digital health where it will connect hospitals, pharmacies,
laboratories and consumers, enabling preventive and predictive
healthcare. This step is expected to raise the competitive stakes in
a rapidly growing online commerce sector.
State
Bank of India fined by Hong Kong regulator
Banking
and Insurance >
SBI > 31st July
State
Bank of India's Hong Kong branch has been fined for breaching the
city's anti money-laundering and counter terrorism financing rules.
Hong Kong's banking regulator Hong Kong Monetary Authority (HKMA) has
for the first time taken a disciplinary action under Hong Kong's Anti
Money-Laundering Ordinance brought into force in 2012. SBI will not
only have to pay the fine but also submit report outlining the
remedial action it will take to tackle these internal control
failings.
First
National Handloom Day to be observed on 7 August 2015
Days
> National
Handloom Day > 1st August
7th
August has been declared as the National Handloom Day by the Union
Government which will be celebrated every year starting from year
2015. Prime Minister Narendra Modi will launch the first National
Handloom Day. The day will be observed to generate awareness about
the importance of handloom industry as a part of our rich heritage
and culture.
Indo-UK
Bilateral Air Exercise Indradhanush concluded
World
> Air
forces > 1st August
The
10-day Indo-UK bilateral Air Exercise Indradhanush between
Indian Air Force (IAF) and British Royal Air Forces (RAF) concluded
on 30 July 2015.During the exercise different elements of the IAF
contingent operated from separate RAF bases.
Telangana
requests Centre to name DRDO after APJ Abdul Kalam
India
> DRDO > 2nd August
Owing
to the efforts put in by former President A P J Abdul Kalam in
Defence Research and Development Organisation (DRDO) that helped the
country in achieving self-reliance in the defence sector, the
Telangana government requested the Centre to name DRDO after Kalam.
Telangana's Chief minister K Chandrasekhar Rao wrote a letter to
Prime Minister Narendra Modi in this regard.
According
to Rao, this move will inspire future generations and also pay
rich tributes to Kalam by India's defence organisation.
Joshna
Chinappa wins Victorian Open Squash competition
Sports
> Squash > 2nd August
Joshna
Chinappa won the US 15,000 dollars Victorian Open squash
competition beating her Danish opponent Line Hansen in straight sets.
The 28-year-old had won her last WSA title in the Richmond Open in
April last year and this win becomes her 10th WSA title. The title in
the men's section went to Ryan Cuskelly of Australia.
Isro
to launch US satellite in space for the first time
Science
and Technology >
ISRO > 4th August
The
US has become the 20th country to sign up for a commercial satellite
launch by India's ISRO which has so far launched 45 satellites for 19
nations. For the first time the US would be taking the help of an
Indian vehicle, the Polar Satellite Launch Vehicle, to put one of its
satellite in orbit. Having successfully launched a Mars mission,
India is planning a mission to Venus and is looking for a launch pad.
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