Centre earmarked 18,276 Crore Rupees for interest subsidy to farmers
The Union Cabinet has approved the Interest Subvention Scheme for farmers for the year
2016-17. For this purpose Union Government has earmarked a sum of 18,276 Crore
Rupees. The scheme will help farmers getting short term crop loan payable within one year
up to 3 lakhs Rupees at only 4% per annum. Interest subvention for providing short term
crop loan to farmers has been provided to Public Sector, Private Sector, Cooperative,
Regional Rural banks and NABARD.

19 New Ministers of States Inducted in union council of ministers
19 new Ministers of State were inducted in the Union Council of Ministers
in a major expansion. These new ministers were administered oath of office
and secrecy by Prez Pranab Mukherjee at Rashtrapati Bhavan. This was the
2nd expansion of the NDA government led by PM Narendra Modi. Of the 19 new
ministers, 17 belong to BJP, 1 each from Apna Dal and RPI.
10/07/2016 2

Ananth Kumar: Ministry of Parliamentary Affairs 3. Smriti Zubin Irani: Ministry of Textiles http://currentaffairs. Venkaiah Naidu: Ministry of Information & Broadcasting 2. Ravi Shankar Prasad: Ministry of Law & Justice 5.html 10/07/2016 3 . Prakash Javdekar: Ministry of Human Resource Development 4.gktoday. Narendra Singh Tomar: Ministry of Rural Development 6.Cabinet Expansion cabinet-ministers-mos-portfolios-07201634207.

http://www. 1948 Rajasthan becomes 1st state to introduce Minimum Wages Act. per the new rule. Through an office memorandum dated June 17. http://indiatoday. Labour deptt.Rajasthan.intoday. Issued a notification.html Ministry seeks law panels opinion on uniform civil code The Union Law Ministry has asked the Law Commission to examine in detail all issues pertaining to the Uniform Civil Code and submit a report to the government. the Legislative Department has made a reference to the Law Commission for an in-depth examination of “matters in relation to Uniform Civil Code”. 1948 for part time workers. in another decision state government also has decided to increase the minimum wages in all categories of scheduled employments by 104 Rupees per month. it is now mandatory for employer to pay 50% of the prescribed daily minimum wage to a person who works for less than 4 hours a day. 711019.ece 10/07/2016 4 .com/news/national/ministry-seeks-law-panels-opinion- on-uniform-civil-code/article8798035.thehindu.1st State to introduce Minimum Wages Act. As.

in/sbi-launches-sbi-mingle-social-media-banking-platform- speed-07201634198.gktoday.gktoday.html 5 .in/india-r award-sea-07201634268. myspeed-app-measure-real-time-mobile-internet.html anks-91st-2016-networked-readiness-index- 10/07/2016 07201634206. this platform has been designed of the gov. a social media measuring real time mobile internet Banking platform speed that consumers get. on This is the first app of its kind launched the occasion of 61st State Bank day( observed under the digital India initiative on 1st July).in/trai-launches. measures (IMO) conferred her the prestigious for countries’ success in creating the saving the lives of seven fishermen.gktoday.TRAI launched MySpeed mobile App for SBI launches SBI Mingle. http://currentaffairs. and society. Launched by CMD Arundhati Bhattacharya. for Facebook and twitter users. http://currentaffairs. necessary conditions for a whose hopes of survival were all over. transition to a digitized economy http://currentaffairs.html Captain Radhika Menon: First Woman India ranks 91st in the Networked to receive exceptional bravery award Readiness Index (NRI) for 2016 at sea This index released by World International Maritime Organisation Economic Forum( WEF). Read more : menon-woman-receive-exceptional-bravery.html 07201634197.

in/brics-drug. congregation of more than 10 lakh http://currentaffairs.gktoday. served in branded restaurants in a bid to discourage the junk food culture.e.gktoday. Read more at: http://currentaffairs. The 2nd anti-drug working group The annual Rath Yatra (Chariot Festival) of meeting of heads of anti-narcotics Lord Jagannath began in different parts of agencies of BRICS countries began in the country. devotees. Kerala Government has proposed a “Fat Tax” on fast food items like burgers. Thomas Issac. Read more at: control-meeting-begins-delhi-07201634232. This was announced in the maiden budget of the CPI(M)-led LDF Government in Kerala presented by Finance Minister Dr.5% fat tax on junk food In the first-of its-kind move in the T.M.gktoday. The fat tax’s major concern is with issues related to public health more than revenue generation.html 10/07/2016 6 . It will see money laundering were discussed. donuts and pasta etc.10 crore to the state coffers.html http://currentaffairs. the day in bright Issues related to narco-terrorism and fortnight of Ashadha month.html Kerala Imposes 14. The festival is celebrated on New Delhi 2nd day of Sukla Paksha lord-jagannath-begins-07201634223. It is expected that the Fat tax will add an additional Rs. pizzas.

the end-to-end encryption is turned on by default. Read more: http://www. The end-to-end encryption is a system that allows only the communicating users to read the messages. Facebook said end-to-end encryption would not immediately be available on Messenger for group conversations. payments or option-in-messenger/article8828912.thehindu. The upgrade will prohibit even Facebook from reading users’ conversation. Facebook Messenger now has an end-to-end encryption option Social media giant Facebook has started rolling out a new feature for Messenger that will provide end to end encryption for messages on the platform. with Messenger users will have to manually turn on the feature. While on WhatsApp.ece 10/07/2016 7 .

” said Matthew Wallen of UQ’s School of Human Movement and Nutrition fitness-bands-undervalue-exercise-by-up-to-40-percent-2230849 10/07/2016 8 . The measurements of the wrist-worn devices were compared to electrocardiography readings every 15 seconds and against a portable gas analysis system which measured the number of calories burnt. Read more: http://www. “None of the devices proved to be consistently accurate overall and the percentage error for energy expenditure was between nine and 43 per cent.dnaindia. with only minor variances. cycling and walking. to seated and laying rest — for a period of approximately one hour. Fitness bands undervalue exercise by up to 40 percent Researchers from the University of Queensland (UQ) in Australia determined the accuracy of several popular wrist-worn fitness monitors. Measurement of heart rate was more accurate. Study involved 22 healthy volunteers (even split of males and females) completing a variety of activities — ranging from running.

html business/overwhelming-response- reliance-jios-rs-2000-cr-bond- issue-gets-bids-of-rs-3700-cr- 2879886.UK launches bilateral trade talks for 2880640.firstpost. http://www. as the of debt securities "has created a new record country tries to increase its firepower to with Rs 3.700 crore for its Rs 2.000-crore referendum vote to leave the European bond issue on BSE's new platform.700 crore of bids received in the operate as a solo trading nation. http://www." said Britain would have as many as 300 BSE said. up from about 100 now.html 10/07/2016 9 . bilateral-trade-talks-for-post-brexit-deal-with-india.500-crore bond issue with a green its trade ties with the rest of the world. trade specialists in place before the end of The 'BSE-Bond' platform for private placement the year. the exchange in a release.firstpost. with India on 8th July about an eventual Reliance Jio Infocomm Thursday received bids bilateral trade deal after last month's worth over Rs 3. which has forced London to rethink The Rs 1. shoe option of Rs 500 crore got oversubscribed British Business Secretary Sajid Javid also "within a few minutes of the issue opening. Cr bond issue gets bids of Rs 3. bond issuance of Reliance Jio". Overwhelming response: Reliance Jio's Rs Brexit deal with India 2.700 cr Britain said it would start preliminary talks Eliciting robust response from investors.

one of a handful of Indian unicorns oYBAeP/Uber-vs-Ola-the-battle-for-dominance-in-Indias- cab-market. Read More: http://www. consulting space The mid-sized IT company.html 10/07/2016 10 . Besides. consulting and Internet of Things. scout-for-buys-in-analytics-consulting-space-2879968. Europe or even Indian market. which will come out with over Rs 1.200-crore IPO on 11 July. It has become part of a larger campaign against Uber’s growing global dominance. analytics.livemint. With a valuation of $68 billion. another area of interest for the Uber vs Ola: The battle for dominance in company is cloud-based infrastructure India’s taxi market transformation. said it would be interested in buys in the US.html has emerged as a key player in the broader coalition against Uber.firstpost. Uber is the world’s most valuable start-up. Read more: Ola. L&T Infotech to actively scout for buys in (start-ups valued at more than $1 billion).

firstpost. Private Bank. has raised over with the country improving to 35. Rs 550 crore in 550cr-from-stripes-existing-investors-2876088. With this It is the largest to date for the company. an increase from the Current level of 62%.Network 18. has been permitted 2873834. time around is tremendous.html 10/07/2016 11 . In 2014. Read More: backbone of domestic and international http://www. India's Bigtree Entertainment. led by US-based India was ranked 54th and so the jump this Stripes Group in series D funding round. also jump.India jumps by 19 places to 35th in a  raises Rs 550cr from Stripes. Accel axis-bank-gets-cabinet-nod-for-74 -foreign-holding-2875318. and SAIF level of its people as logistics forms the Partners.html 74% Foreign holding by cabinet on 5th Jul .firstpost. India is one of the best performing saw participation from BMS' existing investors economies relative to the average income . Read More: http://www. operates BookMyShow (BMS). which owns and performance is by far the best since 2007. India’s 3rd largest places-to-35th-in-a-world-bank-report-on-logistics.html trade in any economy and is a critical  gets cabinet nod for 74% factor for competitiveness Read more: http://www. foreign holding.firstpost. World Bank report on logistics existing investors In the present edition of the bank.

used in the treatment of blood pressure and One proposal each from Corona Remedies acidity. acidity tablets in US The Union government on 6th July approved Drug majors Lupin and Dr Reddy's are recalling four Foreign Direct Investment (FDI) proposals over 25-crore-fdi-investments-2877948.html 10/07/2016 12 .25 crore FDI Lupin.firstpost.7 lakh blood investments pressure. Pvt. http://www.25 crore. Dr Reddy's recall 1.firstpost. in the US due to deviations from Private Limited and Ordain Health Care Global manufacturing norms.html http://www. Another proposal from Macmillan Publishers International Ltd.Centre approves Rs 643. UK and one from Advanced Enzyme Technologies business/lupin-dr-reddys-recall -1-7-lakh-blood-pressure-acidity -tablets-in-us-2878676.7 lakh bottles of two different tablets. entailing a total investment of Rs 643. Ltd in pharmaceutical sector.

ly/29DWeaI http://bit. but incurring losses. is truly a city of dreams.City of Dreams: Evolution of Mumbai startup ecosystem A city with two names and 22 million people– Mumbai.The hard truth about startups today possible that a is – nine out of ten fail to make a mark.dnaindia. with a GDP of $209 billion. Mumbai is made up of a million dreams. 10/07/2016 13 . Read http://bit. can be typically. In fact. there is a strange irony. nostalgically still called Bombay. Read more: http://www. The company/business which is reasons for failure maybe plenty. many startups fail either because pegged at such high their products/services are conceptually too valuation?” new or they aren’t useful enough. which is an archipelago of many tiny islands. Just like its landscape.“How is it Income tax scrutiny of 4 startups which tanked without good startup valuation. the capital city of Maharashtra is the wealthiest in the country.

Equaling Slams since winning last year's Margaret Court's all-time record of 24 Wimbledon. record-equalling 22nd major title: Serena Williams powered to her seventh Wimbledon crown as the world number one finally claimed a record-equalling 22nd major title with a 7-5. supremacy at a time when doubters were Williams had been stuck on 21 Grand beginning to raise eyebrows. Serena Williams wins seventh Wimbledon.indiatimes.cms 10/07/2016 14 . 6-3 victory over Angelique Kerber in Saturday's final. ended that frustrating barren spell to The 71st singles title of Williams' retain the title and draw level astonishing career also moved her within with Steffi Graf's Open era Williams-wins-seventh-Wimbledon-record-equalling-22nd-major- title/articleshow/53132194. But two of Martina Navratilova's all-time the far more significant reward is the record of nine Wimbledon knowledge she has reestablished her triumphs. http://timesofindia. but the American star Grand Slam titles will be Serena’s next goal.

and he held on to triumph 6-3. Raonic leapt out of the starting gate with stylish authority commentary: “Now we’ll find out what Milos is made of. when he overhauled Roger Federer in five nerve-jangling sets on the Centre Court. 6-3 in three hours and 25 minutes. before Raonic himself snatched the set at the death. it was Federer who had three chances for what would surely have been a decisive break. 4-6.” Prophetic words – yet typically of this capricious encounter.html 10/07/2016 15 .wimbledon. In a tussle which see-sawed one way and then the other. Come the decider. 6-7(3). Read more at: http://www. Raonic fights past Federer to reach final Milos Raonic became the first Canadian man to reach a Grand Slam singles final.6 seed go a break 08/raonic_roars_into_first_grand_slam_final. a wondrous exchange saw the No. 7-5.

com/sports/racing/top-stories/Lewis- Hamilton-takes-pole-for-British-Grand-Prix/articleshow/53131587.cms 10/07/2016 16 .indiatimes. returned to the track to set an even quicker time to leave the German Rosberg trailing by three-tenths of a second. where Hamilton has dominated the action in practice and qualifying. Reigning world champion Hamilton. who had a huge Silverstone crowd behind him and celebrated in front of them afterwards. had his first lap deleted by the stewards for exceeding track limits. Lewis Hamilton takes pole for British Grand Prix The Mercedes one-two was followed up by Red Bull's Max Verstappen. Read more at: http://timesofindia. who was third quickest at an overcast Silverstone on Saturday. who is 11 points behind Rosberg in the drivers' standings. But the Briton. to-bolster-strike-force-with-alexandre-lacazette-or-alvaro-morata 10/07/2016 17 . Alexandre Lacazette and Alvaro Morata are Arsene Wenger's two main targets. and received several enquiries from interested clubs. http://www. who has played an important role in France reaching the Euro 2016 final this summer. according to the Mirror.espnfc. Arsenal look to bolster strike force with Alexandre Lacazette or Alvaro Morata Arsenal have decided against cashing in on Olivier Giroud but remain in the hunt for a new scoring three goals and setting up two. The Gunners were initially willing to entertain the idea of selling Giroud. those have been knocked back and Arsenal are now focused on adding to their forward line rather than diminishing it.

.S. rose to associated Zika had been reported in over 200 on Monday morning. that came near the end of the died.html 10/07/2016 18 . Utah families out after sunset. The city of Continental the rubble.aljazeera. ISIS have taken the -death-utah-continental- us/?xid=homepage responsibility of the blasts. A lorry packed resident was confirmed to have died in with explosives blew up in a busy shopping late June. Centers for Disease street filled with people after they had Control and Prevention (CDC) confirmed broken their fast. health authorities streets were filled with young people and confirm. Sunday.S. 1. The Salt Lake County. a predominantly Shia this week.132 cases of travel- neighbourhood in central Baghdad. bodies of more victims were pulled from http://time. when the continental baghdad-bombings-kill-23-160703045945293.: An elderly Utah Baghdad woke up from a powerful woman with a Zika virus infection has explosion. Iraq: Baghdad bombing kills more than First Zika-Related Death Reported in 200 : On 3rd Jul’16. http://www. marking the first such death in the Islamic holy month of Ramadan.S. The U. as the the U. he death toll from the the death as well and noted that as of blast in Karada.

Michael Gove. the Guardian reports. blasts. when the Conservative Party voted for May and Leadsom over a third candidate. Britain’s Next Prime Minister Will Be Theresa May or Andrea Leadsom: Energy Minister Andrea Leadsomand Home Secretary Theresa Maywill face off to succeed David Cameron as the Conservative Party leader and Britain’s Prime Minister. May led the ballot for the 330 Tories with 199 votes over Leadsom’s 84 and Gove’s 46. britains-prime-minister/ 10/07/2016 19 . It became clear that Britain would have it’s first female PM since Margaret Thatcher on Thursday.

double track tunnel: China off a week of military drills in the South China has completed Asia’s longest 16-km Sea ahead of a hotly anticipated and potentially single tunnel with double tracks for destabilizing court ruling on its territorial claims high-speed trains in the country’s in the region.South China Sea: Beijing begins military drills China builds Asia’s longest single ahead of key territorial ruling: China has kicked cave. travel time between Xi’an and the Chaozhou. the of 250 km per hour. will slash the Shenyang and /china-builds-asias- jul/05/south-china-sea-beijing-begins. China has overlapping territorial claims with Brunei. with a designed speed least two guided missile destroyers. the Philippines and Vietnam. longest-single-cave- military-drills-ahead-of-key-territorial-ruling double-track- tunnel/article8828654. and one missile frigate. At 643-km line. http://www.thehindu. where three hours.c om/news/international https://www. Malaysia. were reported to be among the Chengdu from 16 hours to just vessels being deployed to the region. CCTV. ece 10/07/2016 20 . said the maneuvers were due to media reported on Saturday. The start at about 8am Beijing time on Tuesday. the country’s state northwest Shaanxi province. state broadcaster.

html Lionel Messi given 21-month sentence for tax fraud: Barcelona football star Lionel Messi has been sentenced to 21 months in prison after a Spanish court found him guilty of three counts of tax fraud.html 10/07/2016 21 .com/news/2016/07/nato-give-surveillance-planes-mena-countries- 160709192055050. Jorge. to 21 months in prison for the same three crimes.aljazeera. The court also ordered Messi to pay a fine of around 2 million euro ($ -fraud-160706105459219. A court statement on Wednesday said the sentence could be appealed through the Spanish supreme court. NATO Secretary-General Jens Stoltenberg on Saturday said alliance leaders also agreed to launch a new naval mission in the Mediterranean Sea.NATO to give surveillance planes to MENA countries: NATO allies have agreed to provide increased military support. to Middle Eastern and North African countries whose governments are in conflict with hardline armed groups like the Islamic State of Iraq and the Levant (ISIL. and made commitments to maintain a stable military presence in Afghanistan and to fund Afghan security forces through 2020 http://www.5 million euro ($1.6m) for the crimes. including surveillance planes. http://www.2m) and his father to pay 1. Judges also sentenced the Argentine forward's father. also known as ISIS).

Impact of Brexit on UK and the world Economic impacts: 1. 4. The stock market of London started suffering abrupt loss but regained its stance to stop finally at 199 points or minus 3. Brexit managed to wipe $2 trillion off the global market. did not expect such a negative impact. UK. 5.33 which made FX traders experience the nightmare of their life. Huge figures indeed! 2. maybe due to panic or anticipations of losing further but this really happened.3% increase in CPI which will increase living cost for poor households by 3.50 against the US dollar to just $1.3% while the richest people (who constitute 10% of the populace) will see 1. Treasury modeling of currency shocks shows that there will be 2. 3. Poorer citizens of UK will experience economic crisis more than ever as living costs will spike in days to come. 6.6% increase in living costs. 10/07/2016 22 . British pound saw its worst ever day. This came as a quick blow. Right at the early hours of Friday it went from being $1.1% amid clouds that forecast recession in the coming. It is said to have gone down $1.50 trillion year-to-date. at the brink of recession. The 8% slump in the pound is a big warning that UK is about to see inflation in days to come with imports costing more than earlier.

Travel costs from EU nations to Britain and vice versa will considerably increase and people will not have easy access to and forth. 10/07/2016 23 . Scotland and Northern Ireland had supported remaining in the UK since Scots have never been keen on being dominated by the English. There could be more referendum of exists for Independence in times to come. The Conservative party might become shattered with the referendum going totally against their plans and new elections will have to be called for. Immigration: 1. Impact of Brexit on UK and the world Political impacts: 1. 3. There could be clash between UK nations and they might lose their unity after all. There would be no pestering for open border policies to be burdened with. British Prime Minister David Cameron tried to retain stability in the government but soon his political position became unsustainable. It would be able to filter and control the number of immigrants it wants to take in. EU nation citizens who are living in Britain and the British people who are living in one of the EU nations will have to update their immigration statuses. He announced his plans to leave the position by October. 2. UK will gain complete control over its immigration issues. 2.

Either India could be inclined towards EU or with easier trade propositions from Britain alone. 3. British imports will suffer badly and is expected to go down by 25% in the next few years. now free to make its own regulations. Larger companies. UK. They will have to reframe strategies to stay in the trade. Source: http://www. Trading will suffer as companies would have to rethink policies in order to meet the set of guidelines of both the sides. One third of the Indian investment in the UK is in the IT and telecom sector and now India will have to set up different headquarters for Europe and Britain. 4. 5.aspx?id=27023 10/07/2016 24 . could be inclined towards making more investment in India – after all India continues to be a great investment destination from the emerging markets perspective.careerride. like Tata Group will face the shortcoming of higher tariffs imposed by the EU against British imports. Impact of Brexit on UK and the world Trade impacts: 1.