Current Affairs July 06, 2015

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1. PM Confirms bilateral meeting with Xi: Prime Minister Narendra Modi confirmed that he would have a bilateral meeting with Chinese President Xi JinPing in Ufa, Russia, where both leaders are scheduled to attend the BRICS summit of emerging economies and the regional Shangahai Cooperation Oraganisation(SCO) meet from July 8 to 10.
2. On Raksha Bandhan, Government to pitch insurance schemes as gift for sisters: the Union government is planning an official Raksha Bandhan celebration on August 29. There is a move to convince men to gift low-cost accident and life insurance schemes of the government to their sisters.
3. Greeks defy Europe with an overwhelming ‘NO’: Over 61% of Greek voters have rejected fresh austerity demands by EU-IMF Creditors. As per the recent voting, the majority ‘no’ vote would mean there will be no austerity pressures and Greek may cede from Europe union and euro may further get weakened.
4. ‘Maruti’ brand to go off Suzuki’s premium cars: The ‘Maruti’ name, one of India’s most popular and powerful brands since its launch in the early 80s, is set to be taken off new premium cars. Suzuki will launch new high-end cars under its solo branding called ‘Nexa’ from exclusive dealerships.
5. Food grain prices will see steady decline in next 10 years says UN Report: A UN report has projected steady decline in prices of food grains over next decade, attributing the gradual price fall to increase in the overall agricultural production and diversification of dietary choices.
6. CCI probes 5 carriers for cartelization: Fair trade regulator Competition Commission of India(CCI) is an advanced stage of taking a final decision on cartelization allegation made against 5 carriers, including market leaders IndiGo and Jet Airways, with respect to introduction of fuel surcharge for cargo transportation.
7. 4 Nations now ready to Invest in Mumbai Sea Link Project: Japan, China, Germany, and UK have expressed their interest to finance the Rs. 11,000cr 22km from Mumbai to Navi Mumbai Sea Link. With this Investment, this Project has received a shot in the arm.
8. Hero Cycles Plans to set up Assembly Plant In Poland: Hero Cycles has entered the Mainland Europe and has plans to set up a fully owned assembly plant in Poland to cater exclusively to Europe, with the special emphasis on UK and Germany. This will help them to compete in the highly developed market in Europe.
9. SBI ties up with MakeMyTrip for online travel services: State Bank of India and MakeMYTrip.com signed a MOU for providing online travel services in India.
ands by EU-IMF Creditors. As per the recent voting, the majority ‘no’ vote would mean there will be no austerity pressures and Greek may cede from Europe union and euro may further get weakened.
4. ‘Maruti’ brand to go off Suzuki’s premium cars: The ‘Maruti’ name, one of India’s most popular and powerful brands since its launch in the early 80s, is set to be taken off new premium cars. Suzuki will launch new high-end cars under its solo branding called ‘Nexa’ from exclusive dealerships.
5. Food grain prices will see steady decline in next 10 years says UN Report: A UN report has projected steady decline in prices of food grains over next decade, attributing the gradual price fall to increase in the overall agricultural production and diversification of dietary choices.
6. CCI probes 5 carriers for cartelization: Fair trade regulator Competition Commission of India(CCI) is an advanced stage of taking a final decision on cartelization allegation made against 5 carriers, including market leaders IndiGo and Jet Airways, with respect to introduction of fuel surcharge for cargo transportation.
7. 4 Nations now ready to Invest in Mumbai Sea Link Project: Japan, China, Germany, and UK have expressed their interest to finance the Rs. 11,000cr 22km from Mumbai to Navi Mumbai Sea Link. With this Investment, this Project has received a shot in the arm.
8. Hero Cycles Plans to set up Assembly Plant In Poland: Hero Cycles has entered the Mainland Europe and has plans to set up a fully owned assembly plant in Poland to cater exclusively to Europe, with the special emphasis on UK and Germany. This will help them to compete in the highly developed market in Europe.
9. SBI ties up with MakeMyTrip for online travel services: State Bank of India and MakeMYTrip.com signed a MOU for providing online travel services in India.