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Current www.RACEInstitute.in

Affairs
JULY 2016
Week - 3
(July 16 to 22)
Exclusively prepared for RACE students
Chennai: #1, South Usman Road, T Nagar. | Madurai: #24/21, Near Mapillai Vinayagar Theatre, Kalavasal. | Trichy:
opp BSNL office, Juman Center, 43 Promenade Road, Cantonment. | Salem: #209, Sonia Plaza / Muthu Complex,
Junction Main Rd, State Bank Colony, Salem. | #545, First Floor, Diwan Bahadur Road, RS Puram, Coimbatore

7601808080 / 9043303030 | www.RaceInstitute.in


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Important Day On July 15, the Pension Fund Regulatory and
Development Authority (PFRDA) launched a
Day
mobile application for subscribers and unveiled
July 17 World Day for International Justice an Aadhar-based authentication module for
subscribers to update details and change scheme
World Emoji Day
preferences.
July 18 Nelson Mandela International Day The mobile application for NPS is available in
'Google Play Store' as 'NPS by NSDL e-Gov.'
July 20 International Chess Day

Online skill training portal launched


National Affairs Ministry of Skill Development and
Entrepreneurship launched an online platform for
July 16 & 17, 2016
imparting skills with an aim to reach millions of
PM pushes for Aadhaar-linked DBT at Inter-
skill seekers in the country.
state Council meet
The web portal (indiaskillsonline.com) is a
Prime Minister Narendra Modi utilised the forum
part of the government’s Skill India campaign
of the Inter-state Council for a big push to
that aims to provide vocational training to 1
Aadhaar and Direct Benefit Transfer (DBT).
crore workers in the next four years.
It will provide free online courses to aspirants
MoS Information & Broadcasting
registered for skill training schemes that can also
inaugurates Iranian film festival
be downloaded as mobile applications.
Minister of State for Information & Broadcasting
Col. Rajyavardhan Rathore inaugurated the
Maharashtra govt sets up special court to
Iranian Film Festival.
fast-track NSEL case
Gholam Reza Ansari, Ambassador of Islamic
The Maharashtra government has set up a
Republic of Iran was also present at the inaugural
dedicated court under the Maharashtra Protection
function.
of Interest of Depositors Act to fast-track hearing
Iran President Hassan Rouhani
in the National Spot Exchange case which
Iran Capital Tehran involves a settlement scam of ₹5,600 crore.
Iran Currency Rial The first hearing of the special court will be held
on July 19.
Maharashtra Governor C Vidyasagar Rao
Indian women bikers raise awareness
against female foeticide Maharashtra CM Devendra Fadnavis
Four Indian women bikers have completed a Maharashtra Capital Mumbai
10,000-km trip to 10 Asian countries over 40
days to raise awareness against female foeticide.
July 18 & 19, 2016
India's first e-court opened in Hyderabad
NPS now more user-friendly: PFRDA unveils
India's first e-court was opened at High Court of
an Aadhar-based authentication module
Judicature at Hyderabad.
The pension’s regulator has announced a series
It is the common high court for the states of
of improvements in the National Pension System
Telangana and Andhra Pradesh.
(NPS) scheme to make it friendlier for
Inaugurating the e-court, Supreme Court Judge
subscribers and others to become members.
Justice Madan B Lokur said Telangana and
Chennai: #1, South Usman Road, T Nagar. Chennai. Mob: 9043303030 / 7601808080 2
Madurai: #24/21, Near Mapillai Vinayagar Theatre, Kalavasal. M: 7695814311 | www.RACEInstitute.in
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Andhra Pradesh were first two states in the
country to be chosen for Integrated Criminal Blue Revolution: Odisha aims to create 400
Justice System project. hectares new water area
The state government has planned to create 400
3 Indian additions to World Heritage Sites hectares of new water area in private land this
UNESCO has listed Chandigarh's Capitol Complex year.
and Sikkim's national park home and world's The govt. has also made a provision to provide
third highest peak Mount Khanchan-zonga among 50% subsidy assistance to fish farmers for
its World Heritage Sites. increasing of the inland fish production to meet
the demand of the state and generate income of
GST Debate: All-party panel prepares pitch farmers.
An all-party committee of the Rajya Sabha This project proposal submitted by Fisheries and
allotted five hours for debate on the crucial Animal Resources Development (FARD)
constitution amendment legislation to provide for Department was approved on July 15 in a state-
the goods and services tax (GST), but the level sanctioning committee of Rashtriya Krishi
government indicated that it would happen only Vikas Yojana (RKVY) chaired by chief secretary
after consultations with all political parties. AP Padhi.
Odisha Governor S C Jamir
Bills to replace NEET ordinances in Lok
Odisha CM Naveen Patnaik
Sabha on July 19
Two Bills that sought to replace as many Odisha Capital Bhubaneswar
ordinances to keep state boards out of the ambit
of uniform medical and dental entrance Parliament clears bill to set up regional
examination NEET for this year are set to be centre for Biotechnology
introduced in the Lok Sabha. On the first day of the Monsoon session, Rajya
The Indian Medical Council (Amendment) Bill, Sabha on July 18 passed a bill providing for
2016, and the The Dentists (Amendment) Bill, setting up a regional centre for
2016—seeking to amend the Indian Medical Biotechnology, which will act as a mentor
Council Act, 1956, and the Dentists Act, 1948 to institution and focus on training of skilled
replace the ordinances were slated to be manpower as well as work on research and
introduced in the lower house by Health Minister development.
JP Nadda.
July 20, 2016
Guru Purnima is celebrated across the Indian Railways to install TRI-NETRA to
country reduce train accidents
Guru Purnima is an Indian and Nepalese festival The Indian Railways has initiated process to
dedicated to spiritual and academic teachers. launch the Terrain Imaging for Diesel Drivers-
This festival is traditionally celebrated by Hindus, Infrared Enhanced Optical and Radar Assisted
Jains and Buddhists, to pay their respects to their (Tri-NETRA) system to avoid train accidents.
teachers and express their gratitude. The system will be installed on locomotives for
The festival is celebrated on the full moon day enhancing the vision of Locomotive Pilots in
(Purnima) in the Hindu month of Ashadha (June– inclement weather.
July) of the Shaka Samvat.
Trichy: opp BSNL office, Juman Center, 43 Promenade Road, Cantonment. Mob: 9360703030
3
Salem: #209, Muthu Plaza, Junction Main Rd, State Bank Colony, Salem. Mob: 7305958080
Coimbatore: #545, First Floor, Diwan Bahadur Road, RS Puram. Mob: 7667673030 / 7667678080
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July 21, 2016 Panchayats to be Connected through OFC
Sagarmala Development Company Gets Nod All Gram Panchayats in the country will be
The Union Cabinet has approved the connected through Optical Fibre Cable (OFC) to
incorporation of Sagarmala Development by December 2018.
Company (SDC) under the Companies Act, 2013. The National Optical Fibre Network project
It will be set up with an initial authorised share renamed as BharatNet aims to establish a
capital of ₹1,000 crore. network infrastructure by connecting all 2.5 lakh
Objective Gram Panchayats through OFC.
To modernize India’s Ports so that port-led This will be done by using an optimal mix of
development can be augmented underground fibre, fibre overpower lines, radio &
satellite media.
Cabinet Approves ASA with Mozambique
The Union Cabinet has approved signing of an Air July 22, 2016
Services Agreement (ASA) between India and PM Narendra Modi to lay foundation stone of
Mozambique. AIIMS in Gorakhpur on July 22
It will promote air connectivity between the two Prime Minister Narendra Modi is scheduled to visit
countries. the Gorakhpur city on July 22 where he will fulfil
Presently there is no such agreement between two promises made by him during the 2014 Lok
India and Mozambique. Sabha polls – setting up an AIIMS hospital and
The agreement will allow designated airlines of second revival of the fertilizer unit.
either countries to have fair & equal opportunity
to operate the agreed services on specified Odisha to Set Op Judicial Commission to
routes. Reform Jagannath temple
Mozambique President Filipe Nyusi With growing discontentment among the people
of Odisha over breaking of age-old traditions in
Mozambique PM Carlos Agostinho do
Lord Jagannath Temple at Puri, the state
Rosário government on July 22 announced that a judicial
Mozambique Capital Maputo commission will be set up to bring reforms in the
Mozambique Currency Metical management of the 12th century shrine.

New high-tech museum at Rashtrapati


Cabinet Okays Ghatampur Thermal Project Bhavan
The Cabinet Committee on Economic Affairs The history of the Rashtrapati Bhavan, from its
(CCEA) has granted its approval to set up a construction to the lives of its occupants, will be
1,980 MW thermal power project at Ghatampur on display in a high-tech story-telling museum
in Uttar Pradesh. (Garages Museum) which will be inaugurated by
The estimated cost of the project will be Rs Prime Minister Narendra Modi on July 25 when
17,237.80 crore. President Pranab Mukherjee completes four years
Project of 1980 Mega Watt capacity will be set up as the Head of State.
through Joint Venture by Neyveli Lignite
Corporation Limited & Uttar Pradesh Rajya Vidyut PM Modi, Hasina jointly inaugurate
Utpadan Nigam Limited. Petrapole checkpost through video
conference

Chennai: #1, South Usman Road, T Nagar. Chennai. Mob: 9043303030 / 7601808080 4
Madurai: #24/21, Near Mapillai Vinayagar Theatre, Kalavasal. M: 7695814311 | www.RACEInstitute.in
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Prime Minister Narendra Modi and his Morocco has formally announced its wish to
Bangladeshi counterpart Sheikh Hasina jointly rejoin the African Union, 32 years after leaving
dedicated the Petrapole Integrated Check Post the organisation.
through video-conferencing. In a message to the AU summit in Rwanda, the
Prime Minister Modi said that the check post Moroccan King Mohammed VI said the time had
would not only boost bilateral trade, but also come for his country to retake its place within its
enhance connectivity, people to people ties and institutional family.
become a gateway of economic progress for both Morocco PM Abdelilah Benkirane
the countries.
Morocco Capital Rabat

4,804 children rescued under 'Operation Morocco Currency Dirham


Muskan'
Mumbai Railway Police has successfully traced as Iraq marshlands named UNESCO World
many as 4,804 "missing" children and reunited Heritage Site
4,386 of them with their family under The United Nations cultural agency UNESCO has
'Operation Muskan'. named Iraq's southern marshes - once decimated
Rest of the 418 children were handed to the Child by Saddam Hussein - a World Heritage Site.
Welfare Committee (CWC) of the state. Iraq President Fuad Masum
Iraq PM Haider al-Abadi
Govt. approves bill to protect transgenders
Over a year after the Rajya Sabha approved a Iraq Capital Baghdad
private member's bill to protect the rights of Iraq Currency Dinar
transgender.
The Union Cabinet has approved The
China announces South China Sea military
Transgender Persons (Protection of Rights) Bill
exercises
2016 for introduction in Parliament. Through this
China is closing off a part of the South China Sea
bill, the government has evolved a mechanism
for military exercises, an international tribunal
for their social, economic and educational
ruled against Beijing's claim to ownership of
empowerment.
virtually the entire strategic waterway.
An area off the east coast of China's island
International Affairs province of Hainan will host military exercises,
July 18 & 19, 2016 China's maritime administration said on its
North Korea fires series of ballistic missiles website, adding that entrance was "prohibited".
towards Sea of Japan
North Korea has fired three ballistic missiles into July 22, 2016
the sea off its east coast, South Korea's military New Development Bank launched by BRICS,
said, just over a week after issuing threats to announces loans worth 900 million dollars
respond to the planned deployment of a US anti- The New Development Bank launched by 5
missile system in the South. emerging economies, known as BRICS, has
announced its first round of loans worth about
Morocco asks to rejoin African Union after 900 million dollars.
32 years

Trichy: opp BSNL office, Juman Center, 43 Promenade Road, Cantonment. Mob: 9360703030
5
Salem: #209, Muthu Plaza, Junction Main Rd, State Bank Colony, Salem. Mob: 7305958080
Coimbatore: #545, First Floor, Diwan Bahadur Road, RS Puram. Mob: 7667673030 / 7667678080
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The first set of loans will fund five renewable- Fair and honest dealing,
energy development projects, including those Right to suitability and
related to solar and wind power generation. Right to grievance redress & compensation

Banking and Finance News Business and Economy News


July 16 & 17, 2016 July 16 & 17, 2016
Axis Bank inaugurates all women branch in Nitin Gadkari asks Tesla to choose India as
Kolkata its Asia manufacturing hub
Private lender Axis Bank inaugurated an ―all Urging U.S.-based electric car Major Tesla to
women branch‖ in Kolkata. This is the bank’s first make India its Asia manufacturing hub, Union
such branch here in the State. Minister Nitin Gadkari has offered it land near
The branch, inaugurated on July 15, has come up major Indian ports to facilitate exports to South
in a posh south Kolkata locality (Lake Gardens). and South East Asian countries.
It will offer regular banking and financial
transaction services. Lava International to invest Rs.200 cr to set
Axis Bank CEO Shikha Sharma up India design centre
Homegrown smartphone maker Lava
Axis Bank HQ Mumbai
International has earmarked an investment of
Axis Bank Slogan Badhti Ka naam Zindagi Rs.200 crore to build its own mobile phone
design centre in India, which will become
July 21, 2016 operational by 2017.
SBI Launches JV with Brookfield AMC The investment, which will be spread over a
SBI has signed an agreement with Brookfield period of three to four years, will go into setting
Asset Management Inc to form a joint venture up the centre as well as training designers.
which will invest in stressed assets.
Brookfield will commit about ₹7,000 cr & SBI will NHB in talks to raise $200 million for
contribute up to 5% of total investments into refinancing banks
stressed assets. The National Housing Bank (NHB) is in
It will enable the banks to find alternate solution discussions with multilateral agencies for
for resolution of stressed assets. borrowing funds to refinance banks, according to
Brookfield has an over 100-year history of a top official. The bank expects to raise $200
owning & operating assets. million from them shortly, Sriram Kalyanaraman,
Managing Director and Chief Executive Officer.
July 22, 2016
RBI to monitor banks on customer rights Indian's exports grow 1.27 per cent in June
Reserve Bank will shortly start monitoring banks after 18 months
on issues relating to customer rights in five broad Reversing 18 months of fall, India's exports
areas. posted a modest growth in June, raising hopes
The areas on which the regulator will be that the worst may be over.
conducting surveys and supervision at various Exports in June were $22.5 billion, 1.27 per cent
banks are – more than $22.2 billion in the year ago period.
Right to privacy,
Right to fair treatment & transparency,

Chennai: #1, South Usman Road, T Nagar. Chennai. Mob: 9043303030 / 7601808080 6
Madurai: #24/21, Near Mapillai Vinayagar Theatre, Kalavasal. M: 7695814311 | www.RACEInstitute.in
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FMCG brands hitting Rs 100-crore mark in will be established in schools all across the
record time country.
A year ago when Mondelez India launched the
country’s first aerated chocolate called Bubbly MoS for Textile Ajay Tamta inaugurates
under the Cadbury Dairy Milk Silk umbrella, little India International Garment Fair 2016
did the company and its executives expect the MoS for Textile Ajay Tamta on july 18
brand to touch the Rs 100-crore mark in six inaugurated the India International Garment Fair
months flat. 2016.
India International Garment Fair (IIGF) is one of
ICICI Pru Life set to file for nearly $750 mln the largest and most popular events in the
IPO international apparel fairs arena.
ICICI Prudential Life Insurance Co Ltd is set to
file for an initial public offering of shares valued SoftBank buys chip designer ARM for $32 bn
at about Rs. 5,000 crore ($746 million). SoftBank Group Corp has agreed to buy U.K. chip
ICICI Pru Life is a joint venture between ICICI designer ARM Holdings PLC in a 24.3 billion
Bank Ltd, which owns nearly 68%, and Britain's pound ($32.2 billion) deal, the two companies
Prudential PLC, with nearly 26%. said, in an ambitious bet on mobile Internet that
will transform the Japanese tech group.
July 18 & 19, 2016 ARM, the most valuable tech company listed in
Fourth tranche of sovereign gold bond London by market value, is a major presence in
scheme opens for subscription mobile processing, with its processor and
The fourth tranche of Sovereign Gold Bond (SGB) graphics technology used by Samsung, Huawei
scheme opened for subscription on July 18, and Apple in their in-house designed microchips.
through which the government aims to attract a
large number of investors to curb the demand for India and US agree to enhance cooperation
physical gold that is imported in large quantities in port development
draining the country’s foreign exchange. American Ports have evinced a keen interest in a
The SGB issue price has been fixed at Rs. 3,119 comprehensive port-led development, especially
per gram. the ambitious Sagarmala programme.
An investor can invest for a minimum unit of one During his meeting with officials, Gadkari
gram and a maximum of 500 grams. The explored joint venture opportunities with India's
subscription is open till July 22. flagship container handling Jawaharlal Nehru Port
(JNPT) to promote transfer of technology and
NITI Aayog to create framework for ATL enhance bilateral commerce.
NITI Aayog to organize an Expert Consultative
Group Meeting on Creating a Framework for JSW Energy to buy Jaiprakash Power's Bina
Operationalizing 500 Atal Tinkering Labs, ATL in unit for Rs 2,700 cr
New Delhi. Sajjan Jindal-promoted JSW Energy acquired the
The consultations will provide a platform for 500-megawatt (Mw) power plant of debt-laden
exchange of ideas and knowledge among the Jaiprakash Power Ventures at Bina in Madhya
experts to help create and put in place a Pradesh for Rs 2,700 crore, 10 months after the
framework for the 500 Atal Tinkering Labs that two firms got into a binding agreement.

Trichy: opp BSNL office, Juman Center, 43 Promenade Road, Cantonment. Mob: 9360703030
7
Salem: #209, Muthu Plaza, Junction Main Rd, State Bank Colony, Salem. Mob: 7305958080
Coimbatore: #545, First Floor, Diwan Bahadur Road, RS Puram. Mob: 7667673030 / 7667678080
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July 20, 2016 They will jointly explore areas of cooperation&
Govt. allocates Rs 22,915 cr capital to 13 draw up a detailed plan for promotion of rail
PSU banks for FY17 ticketing activities.
Government has allocated 22,915 crore rupees MoU was signed by IRCTC CMD A K Manocha &
capital to 13 public sector banks for the current Arundhati Bhattacharya, CMD, SBI.
fiscal.
Government has undertaken an exercise to IMF Cuts Global Growth Forecasts
assess the capitalization needs of Public Sector The International Monetary Fund (IMF) has
Banks in line with the announcements made revised downward its global economic growth
under the Union Budget. forecast after the British people voted to leave
the European Union.
Terrapin acquires Yatra Online for $218 mn The world economy will expand by 3.4% in 2017,
Yatra online has been entered into a merger down 0.1% point from April report.
agreement with a NASDAQ- listed special purpose The UK growth projection was downgrade by 0.9
acquisition firm Terrapin 3 Acquisition point to 1.3%.
Corp(TRTL). Global growth could be capped at 2.8%, if
The transaction values Yatra at an enterprise negotiations between Britain & the EU don’t go
value of $218 million (Rs 1,458 crore). smoothly.
The combined company will continue to be led by
Yatra’s experienced management team under the July 22, 2016
leadership of chief executive and co-founder Cabinet nod for changes to Benami
Dhruv Shringi. Transactions Bill
Cabinet has given its approval for introducing
Commerce Ministry starts e-marketplace for amendments to the Benami Transactions
goods procurement Prohibition & Amendment Bill, 2015 in
Union Minister of State (MoS) Commerce and Parliament.
Industry Nirmala Sitharaman has launched an e- The bill was introduced in Lok Sabha in 2015 and
marketplace for online purchase of goods and was then referred to standing committee that
services by various central government ministries submitted its report early this year.
and departments in New Delhi. Under the Benami act those who declare their
The portal has been developed by the Directorate benami properties under Income Declaration
General of Supplies and Disposals (DGS&D) Scheme-2016 will get immunity.
which works under the Commerce Ministry and
carries out the procurement. Seven Indian firms on Fortune 500 list;
Rajesh Exports replaces ONGC
July 21, 2016 Seven Indian companies have made it to the
Railways, SBI Sign MoU latest Fortune 500 list of the world’s biggest
Indian Railway Catering & Tourism Corp (IRCTC) corporations in terms of revenue with the retail
& SBI have signed a MoU to work out a detailed giant Walmart topping the global rankings.
plan for promotion of rail ticketing activities, Indian Oil Corp. Ltd (IOC) is ranked highest at
It includes internet ticketing & unreserved 161st among Indian firms, while another state-
ticketing system. run firm Oil and Natural Gas Corp. Ltd (ONGC)
has moved out of the rankings for 2016.

Chennai: #1, South Usman Road, T Nagar. Chennai. Mob: 9043303030 / 7601808080 8
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Private gems and jewellery major Rajesh Exports July 21, 2016
Ltd has made its debut at 423rd position. Facebook Messenger Hits 1 Billion Users
Among the seven Indian companies, four are Facebook Messenger has reached one billion
from the public sector while Reliance Industries monthly users making it one of the most popular
Ltd (RIL) is the top-ranked among private sector apps in the world.
firms, followed by Tata Motors Ltd and Rajesh The milestone takes place two years after the
Exports. social-networking giant separated the mobile
chat tool from its main social-networking site .
NHAI awards Rs 533 crore contract in FB Messenger now in the top three most popular
Rajasthan apps in the world along with Facebook &
The National Highways Authority of India (NHAI) WhatsApp, Facebook hit the 1 billion users mark
has awarded a Rs 533 crore contract for widening in 2012.
of Salasar-Nagaur Section of national highways
65. July 22, 2016
The National Highways Authority of India (NHAI) NASA marks 40th anniversary of Mars
has issued Letter of Award (LOA) for landing
development of national highway section in NASA celebrated a historical milestone on July
Rajasthan under phase IV of National Highways 20, the 40th anniversary of the first U.S.
Development Projects (NHDP) to Dineshchandra spacecraft to land on Mars.
R Agrawal Infracon Pvt Ltd. On July 20, 1976, NASA successfully reached the
Martian surface with their Viking Lander 1.
Ford Motor Company setting up R&D Centre The Viking project - comprised of two separate
in Tamil Nadu spacecraft - together took more than 65,000
Ford Motor Company is in the process of setting images of the planet and collected overwhelming
up a Research and Development (R&D) centre in amounts of data.
Tamil Nadu, the first such facility to be located The primary goal of the Viking mission was to
outside of the US. search for evidence of life on Mars.

Science and Technology New ‘giant thief’ dinosaur found in


Argentina
July 18 & 19, 2016
Fossils of a carnivorous dinosaur unearthed in
SpaceX launches new-style space docking
Argentina are shedding new light on an intriguing
port into orbit
group of predators that apparently were just as
SpaceX has sent a new-style space station
happy to slash victims to death with sickle-
docking port into orbit en route to the
shaped hand claws as to chomp them into an
International Space Station.
early grave.
An unmanned Falcon rocket was launched early
Murusraptor barrosaensis, lived about 80 million
in Florida carrying 2,267kg (5,000lbs) of supplies
years ago during the Cretaceous Period,
in the Dragon space capsule along with the new
measured about 21 feet (6.5 metres) long and
docking port.
was a pursuit hunter more lightly built than some
other predatory dinosaurs.

Trichy: opp BSNL office, Juman Center, 43 Promenade Road, Cantonment. Mob: 9360703030
9
Salem: #209, Muthu Plaza, Junction Main Rd, State Bank Colony, Salem. Mob: 7305958080
Coimbatore: #545, First Floor, Diwan Bahadur Road, RS Puram. Mob: 7667673030 / 7667678080
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Appointments Nigerian journalist Didi Akinyelure has won the
second BBC World News Komla Dumor Award.
July 16 & 17, 2016
She is a prime-time news anchor in Nigeria &
Congress' Pema Khandu to be sworn in as
presents business news for CNBC which
Chief Minister of Arunachal Pradesh today
broadcasts across the African continent.
Pema Khandu, son of the late Chief Minister
Dorjee Khandu, is to be sworn in as Chief
Minister of Arunachal Pradesh. Person in News
July 16 & 17, 2016
HCL Tech appoints COO CBI apprehends DG Corporate Affairs BK
To accelerate its outsourcing business, HCL Bansal
Technologies has appointed C Vijaykumar as Central Bureau of Investigation (CBI)
the Chief Operating Officer (COO). apprehended Director General Corporate Affairs B
K Bansal (an additional secretary ranked officer
July 18 & 19, 2016 in Ministry of Corporate Affairs) in connection
Malcolm Turnbull sworn in as Australia's PM with an alleged bribery case of Rs 9 lakh.
Malcolm Turnbull was sworn in for another term
as Australia's prime minister after a narrow July 20, 2016
election victory with budget repair and a public Turkish musician Kudsi Erguner named
vote on same sex marriage among his top UNESCO Artist for Peace
priorities. Turkish musician Kudsi Erguner has been
appointed as the UNESCO Artist for Peace by the
July 20, 2016 Director-General of UNESCO, Irina Bokova.
Guruprasad Mohapatra appointed as He was appointed after the opening ceremony of
Chairman of Airports Authority of India the 40th session of the World Heritage
Senior IAS officer (1986-batch) Guruprasad Committee (WHC) held in Istanbul, Turkey.
Mohapatra has been appointed as Chairman of
Airports Authority of India (AAI). Sports
Earlier, he was working as Joint Secretary in
July 16 & 17, 2016
Union Ministry of Commerce from the past two
The Great India Run to kick off at India Gate
years.
on July 17
India's first multi-city marathon 'The Great India
World Bank confirms NYU’s Paul Romer as
Run' flagged off by Sports Minister Vijay Goel and
Chief Economist
former World Championship bronze medallist
The World Bank has confirmed New York
Anju Bobby George at the India Gate on July 17.
University economics professor Paul Romer (60-
yers) its next chief economist.
Vijender becomes WBO Asia Pacific Super
He will replace Kaushik Basu, a former Indian
Middleweight champion
government economics adviser who is retiring.
Vijender Singh became the WBO Asia Pacific
Super Middleweight champion with a convincing
Awards and Honours win over Australian Kerry Hope even as pro
July 21, 2016 boxing made a rousing start in the country.
Nigeria Akinyelure Win Komla Dumor Award

Chennai: #1, South Usman Road, T Nagar. Chennai. Mob: 9043303030 / 7601808080 10
Madurai: #24/21, Near Mapillai Vinayagar Theatre, Kalavasal. M: 7695814311 | www.RACEInstitute.in
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July 18 & 19, 2016 century in first-class cricket with a stunning
Shah scales to No.1 spot in ICC Test innings against Derbyshire.
rankings Donald's knock included 15 sixes, with his 200
Wrist spinner Yasir Shah has scaled the number from just 123 balls equalling the mark set by
spot in the ICC Test rankings, becoming the first former India international Shastri in his home
Pakistani bowler to do so since Mushtaq Ahmed country in 1985.
achieved the feat in December 1996.
July 22, 2016
WADA calls for ban on all Russian athletes Rohit Khandelwal becomes 1st Indian to win
at Rio Olympics Mr. World title
The World Anti-Doping Agency (WADA) has called Rohit Khandelwal has become the first Indian to
on international sports society to ban Russian win the coveted title of Mr. World at a grand
athletes from taking part in all international ceremony at Southport in England.
athletic competitions, including the 2016 Summer The competition saw 47 participants from around
Olympic Games in Brazil in August. the world, giving him a stiff competition.
Rohit Khandelwal received a whopping cash prize
SC accepts Lodha Committee of 50,000 US dollars on winning this celebrated
recommendations title.
The Supreme Court has accepted the Lodha Puerto Rico finished 2nd while Mexico bagged the
Committee's recommendations on Indian cricket 3rd prize.
board BCCI's reforms.
These include barring politicians, bureaucrats and CAS rejects Russia’s appeal against IAAF
people aged over 70 becoming the board's ban on track and field athletes for Rio
members and the principle of one state, one Olympics
vote.But the court has left the decision of RUSSIA’S track and field athletes have been
bringing BCCI under the ambit of RTI and banned from the Olympics and the entire Russian
legalising betting in cricket to Parliament. squad could swiftly follow them out the door.
The pressure on Olympic officials to ban Russia
China to send 416 athletes to Rio 2016 from the Rio Olympics became white hot
Olympics following a landmark decision by the Court of
China will send 416 athletes to Rio de Janeiro, its Arbitration for Sport.
largest overseas delegation in Olympic history, Russia President Vladimir Putin
continuing its pursuit of medals that saw it take
Russia PM Dmitry Medvedev
second spot in the table behind the United States
four years ago. Russia Capital Moscow
The country will send 256 women and 160 men Russia Currency Ruble
to compete in 26 sports.

Spain announces Lopetegui as Del Bosque’s


Glamorgan teen Aneurin smashes Shastri's
replacement for head coach position
record
Spain’s new football coach Julen Lopetegui has
Glamorgan teenager Aneurin Donald equalled
promised to build on the success of predecessor
Ravi Shastri's record for the fastest double-

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R.A.C.E
Rapid Academy of Competitive Exams
Vicente Del Bosque after being named as his
replacement.
Spain PM Mariano Rajoy
Spain Capital Madrid
Spain Currency Euro

Sam Allardyce set for England head coach


job, confirms FA chairman Dyke
Sam Allardyce is set to be hired as the New
England manager at a Football Association board
meeting at Wembley.
Allardyce has been selected by a three-man
panel who decided the Sunderland boss was the
best bet on a short-list that also included Hull
manager Steve Bruce, Bournemouth chief Eddie
Howe and USA coach Jurgen Klinsmann.
Our Branches

Passed Away
July 18 & 19, 2016
Legendary singer Mubarak Begum passes
away in Mumbai
Legendary singer Mubarak Begum passed away
at her residence in Mumbai after a prolonged
illness. She was 80.

July 21, 2016


Famous Director Garry Marshall Dies
Famed director and producer Garry Marshall has
passed away.
The Hollywood legend directed, produced and Chennai, Madurai, Trichy, Salem &
starred in films and TV shows since the late Coimbatore
1950’s. www.RaceInstitute.in
He created some of the most popular 1970’s TV
shows including Mork and Mindy & Happy Days.

Hockey Legend Shahid Passes Away


Noted Indian hockey player Mohammed Shahid
passed away.
He was a member of the V Baskaran-led Indian
team that won a Gold medal at the 1980 Moscow
Olympics.

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