Current Affairs July 02, 2015

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1. No leniency or mediation in rape cases, says Supreme Court: Tired of the lenience high courts continue to show to rapists in defiance of its rulings, the Supreme Court firmly told courts not to go soft on rape convict even if he succeeds in winning over the survivor by promising marriage or by striking compromise.
2. Govt opens 90-day window to declare the black money abroad: Those with undisclosed overseas wealth have another 90 days to come clean with the government opening the compliance window on 1st July 2015.
3. ‘No Accident Day’ in UP a major hit: Uttar Pradesh’s ambitious ‘No Accident Day’ on 1st July 2015 saw something close to a miracle. No road mishaps in three of its biggest cities – Meerut , Agra and Bareilly – were reported on July 1 till late in the evening.
4. US reopens the Cuba mission after 54 years: President Barack Obama had just added another milestone: reopening of American embassy in Havana – which was shut the year he was born. Obama announced that secretary of state John Kerry will travel to Havana formally to raise the American flag over the US embassy once more.
5. Housing.com sacks CEO Yadav for misconduct: Housing.com, a real estate listing site, has sacked its CEO and co-founder Rahul Yadav for misconduct. Housing.com is one of the rising e-commerce sites.
6. World Bank to lend $650 million for Indian Eastern Dedicated Fright Corridor: The World Bank said it had cleared a $650 million loan for a huge Indian freight rail corridor that will span 1840kms from Ludhiana to Kolkata. The Eastern Dedicated Fright Corridor will help speed up the carrying of goods between Ludhiana in the west of India and Kolkata in the east.
7. Top corporates back Digital India: Top corporates pledged investments of Rs.4.5 lakh crore for initiatives to support Prime Minister Narendra Modi’s pet project ‘Digital India’, while also promising to create about 18 lakh jobs in the country.
8. Nationwide campaign to trace missing children begins in Coimbatore: Operation Muskaan, a nationwide campaign to trace missing children was launched at Coimbatore. The initiative followed a directive from the Union Ministry of Home Affairs(MHA) to all States.
9. Saudi prince pledges $32 billion fortune to charity: Saudi Arabia’s billionaire Prince Alwaleed bin Talal pledged his entire $32 billion fortune to charitable projects over the coming years.
10. First US-made AK-47 assault rifles Up for sale in USA: Kalashnikov assault rifles, popularly known as AK-47, are now being manufactured in US and are up for sale. It is announced that weapon manufacturers are now selling AK-47 assault rifles and shotguns that have been manufactured at US factory.