Current Affairs July 11, 2015

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1. India, Pakistan become full SCO members: India and Pakistan were on 10th July accepted as full members of the Shanghai Cooperation Organisation (SCO), a regional grouping including China and Russia, with which Prime Minister Narendra Modi offered to work in combating terror and boosting trade by easing barriers.
2. Modi to visit Pakistan next year: Prime Minister Narendra Modi’s meeting with his Pakistani counterpart, Nawaz Sharif has ended with an announcement that Modi would visit Islamabad in 2016 for the SAARC summit.
3. PSLV C-28 launches five UK satellites: In the heaviest commercial launch since its inception, the Indian Space Research Organisation’s Polar Satellite Launch Vehicle (PSLV) launched five satellites, weighing 1,440 kg for a United Kingdom-based company.
4. Doha Bank keen to enter Tier-II Indian cities: Doha Bank, which commenced its India operations in April 2015, has identified Tier-II Indian cities and cheap loans as two of the main vehicles for scaling up its operations in the country. The bank is wooing small entrepreneurs with competitive lending rates.
5. With ISL bids, footballers turn crorepatis overnight: Following the IPL-style player auction for the second edition of the Indian Super League, a handful of footballer crorepatis has emerged overnight. India captain Sunil Chhetri's stake for the season rose to Rs 1.55 crore.
6. Over One million give up their LPG subsidy: Responding to the Government's advertisement and request over one million give up their LPG subsidy. UP leads the list of subsidy surrender their LPG surrender being 2.09 lakh.
7. Omar Sharif, an Arabian Knight in Hollywood, passes away at 83: Actor Omar Sharif, best known for his title role as Doctor Zhivago in the Oscar winning film, has died, Egyptian state television said. He was 83.
8. In a first, two private bank execs in race to head PSBs: In what will be a first, two private sector executives — Lakshmi Vilas Bank (LVB) MD & CEO Rakesh Sharma and VBHC Value Homes MD P S Jayakumar — are in the race to head two public sector banks (PSBs). It is for the first time that the government has opened a window for financial sector executives to apply for top jobs in state-run banks, a move that has caused a fair bit of discomfort among public sector executives who were until recently sole claimants for corner rooms in these entities.