Current Affairs Daily Updates July 21st 2016

Mentor for Bank Exams
Dear Readers,
Welcome to Current Affairs Daily Updates section. Here I am providing you the best possible current affairs updates of the day. These are helpful to improve your general knowledge as well much important for the upcoming exams. Kindly make use of these!!!

1) Coca-Cola appoints SarvitaSethi as VP (Finance) for India and South West Asia
Beverages company Coca-Cola appointed SarvitaSethi as the new Vice-President (Finance) for India and South West Asia.
Sethi took the charge from Sanjeev Kumar, who is moving to Lagos as Director-Finance for Coca-Cola West Africa. He will also be heading company’s finance operations for 31 countries.
Sethi will be reporting to Coca-Cola India and South West Asia President VenkateshKini.
1) Chennai's Advay Ramesh wins Google Community Impact Award from Asia:
Advay Ramesh, a Class 10 student from Chennai, won the prestigious Google Community Impact Award from Asia, a theme based award part of Google Science Fair 2016.
Ramesh bagged the award for creating a device that enhances fishermen's safety and productivity.
2) IISc top Indian institute in QS' BRICS rankings
Ranked at number six, the Indian Institute of Sciences (IISc), Bengaluru has been listed as the top Indian university in the Quacquarelli Symonds (QS) University Rankings 2016 for BRICS nations.
While eight Indian universities ranked in the top 50, most of them, including IISc, lost ranks compared to their positions last year.
Notably, China's Tsinghua University maintained its top spot.
1) New Development Bank launched by BRICS, announces loans worth 900 million dollars
The New Development Bank launched by 5 emerging economies, known as BRICS, has announced its first round of loans worth about 900 million dollars.
The Bank held its first general meeting in Shanghai yesterday. Brazil, Russia, India, China and South Africa established the institution last year.
The first set of loans will fund five renewable-energy development projects, including those related to solar and wind power generation.
1) Tea Board unveils accident cover for workers
The Tea Board of India has introduced an accident insurance scheme for workers in small tea gardens at an annual premium of Rs.14. Of this, tea farmers will have to pay only Rs. 3.50 annually.
The scheme provides compensation to small tea farmers between 18 and 70 years for a Rs.2 lakh-cover.
2) Cabinet approves amendment in the Benami Transactions (Prohibition) amendment Bill
The Union Cabinet has given its approval for introducing amendments to the Benami Transactions (Prohibition) (Amendment) Bill, 2015 in Parliament. The amendments aim to strengthen the Bill in terms of legal and administrative procedure so as to overcome the practical difficulties which may arise in the implementation of the provisions of the Bill when it becomes an Act.
3) Union cabinet gave Nod to Transgender Bill
The cabinet has approved the Transgender Persons (Protection of Rights) Bill 2016 for social, economic and educational empowerment of transgenders.
The bill will benefit a large number of transgender persons, mitigate the stigma, discrimination and abuse against this marginalized section and bring them into the mainstream of society.
It will lead to greater inclusiveness and will make the transgender persons productive members of the society.
The bill will make all the stakeholders responsive and accountable for upholding the principles underlying the bill.
It will bring greater accountability on the part of the central government and state governments/Union Territories administrations for issues concerning transgender persons.
4) Nod to Sagarmala Development Company with Rs 1,000 crore authorised share capital
To give a push to port-led economic development under its ambitious Sagarmala project, the government today approved incorporation of Sagarmala Development Company under the Companies Act with Rs 1,000 crore as initial authorised share capital.
Sagarmala Development Company (SDC) will provide equity support to the project Special Purpose Vehicles (SPVs) and funding support to the residual projects under the Sagarmala Programme, the Ministry of Shipping said in the statement.
5) New IT Ministry to have say over UIDAI and NIC
A mega role for the Ministry of Electronics and Information Technology has been carved out with say over all policy matters relating to information technology, electronics and the Internet, other than licensing of Internet Service Providers.
In this regard, the amendments made by President Pranab Mukherjee to the Government of India (Allocation of Business) Rules, 1961 pertaining to the Ministry of Electronics and Information and the Ministry of Science and Technology and Earth Sciences were recently notified by the cabinet secretariat.
6) Cabinet nod to setting up AIIMS in Gorakhpur
The Cabinet Wednesday approved establishment of a new AIIMS at Gorakhpur in UP at an estimated cost of Rs 1,011 crore.
The Cabinet on Wednesday approved nearly Rs 9,200 crore to procure 5.50 lakh new ballot units and 5.45 lakh control units — the two units make up an EVM — during 2016-17. The Election Commission has proposed to buy nearly 14 lakh new EVMs ahead of the 2019 Lok Sabha polls.
7) IITs could admit foreign students from 2017
IIT M Director Ramamurthi was quoted as saying that the demand for IIT seats depends on pricing and that the government will have to decide the cost of courses.
It was reported earlier that the Indian Institutes of Technology (IITs) wanted foreign students to enrol and were seeking the help of the external affairs ministry. Now, in all likelihood, the IITs in India will admit foreign students for their undergraduate and postgraduate studies from next year.
1) India, Bangladesh to jointly inaugurate Petrapole checkpost through video conference
Prime Minister Narendra Modi and his Bangladeshi counterpart, Sheikh Hasina, will on Friday jointly inaugurate the newly-constructed Petrapole Integrated Check Post, the biggest land port in South Asia, through a video-conference.
The video-conference will also be joined by West Bengal Chief Minister Mamata Banerjee.
Petrapole-Benapole is an important land border crossing for India-Bangladesh trade as more than 50% of the India-Bangladesh trade passes through Petrapole.
Trade worth more than Rs. 15000 crore takes place through the checkpost, which is more than all the other Indian land ports and land customs stations put together.
2) Turkey coup attempt: Erdoğan declares three-month state of emergency
Turkey on Thursday entered the first full day of a state of emergency declared by the president, Recep Tayyip Erdoğan, in the aftermath of last week’s coup attempt. The decision, announced in a televised press conference on Wednesday night, came after marathon meetings of the country’s national security council and the cabinet in Ankara.
1) USA tour: Indian women hockey team beat hosts 2-1
The Indian women's hockey team bounced back to beat the hosts USA 2-1 in their second game of the USA tour in Pennsylvania on Thursday.
The two teams played out a goal less first quarter, with neither able to breach the circle and create openings. USA took the lead in the 19th minute of the second quarter via a Jill Witmer PC conversion. The two teams went into half time separated by that strike with the USA leading 1-0.