Current Affairs For Bank, IBPS Exams - 13 July, 2015
Current Affairs for BANK, IBPS Exams
13 July 2015
:: Business ::
China troubles are not good news for India: Assocham
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Economic troubles for China will not be great news for India, which cannot be in ‘sweet spot’ as there would be more negatives than positives from the ripples of a Dragon dragging the shaky world economy, Assocham has warned.
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“While it is true that fall in commodity prices, linked to China’s slow demand, is a positive for India, the development is not all that positive for a host of metal and iron ore producers such as SAIL, Tata Steel, NMDC and upstream oil producers.
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A sharp fall in iron ore, steel and copper prices has equally hit the Indian manufacturers as any other company in the world,” said an Assocham paper, which analysed the impact of the problems in China on Indian economy.
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If a bubble-like situation erupts from China, the impact will be seen all around the world to which the Indian economy is too well entrenched into, the Assocham paper has pointed out. China is number one merchandise trader in the world with over $4.16 trillion worth of trade, followed by the U.S. with $3.9 trillion. “If there is a shake-out, a slew of sectors in the global markets, which get their sizeable chunk of revenue from China - tourism, hotels, education, health, and others - will feel the immediate impact.
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With $94 billion imports and barely $12 billion exports, India runs a huge trade imbalance with China, the paper has added.
:: India & world ::
‘SCO can help ease India-Pak. tensions’
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China and Russia are aspiring to play a major role in resolving differences between India and Pakistan within the framework of the Shanghai Cooperation Organisation (SCO) — a move that both see as necessary to integrate the economies of Eurasia along the New Silk Road.
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A commentary in China’s state-run Xinhua news agency observes that the inclusion of India and Pakistan in the SCO — a decision that was taken last Friday during the grouping’s summit in Ufa — will enhance the “organisation’s influence and appeal at the international stage”.
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It then stresses that the inclusion of New Delhi and Islamabad in the grouping will help improve bilateral relations by ironing out differences within the SCO framework.
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Welcoming the two nations into the group, Russian President Vladimir Putin said: “We know the background of the relationship. We hope the SCO will be able to facilitate a compromise between India and Pakistan.”
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Analysts say any appreciable reduction in India-Pakistan tensions can boost the prospects of realising the China-driven Belt and Road project.
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The initiative is meant to integrate the economies of Eurasia through the establishment of physical and cyber connectivity, energy pipelines, industrial parks and smart cities along a contiguous corridor.
Gwadar corridor
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China and Pakistan have decided to establish a Gwadar-Kashgar economic corridor under the Belt and Road project, but India objects to it as it passes through Pakistan-occupied Kashmir.
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India has rejected the assertion, but Pakistan has accused New Delhi of aiding insurgency and imposing impediments in Baluchistan, through which the proposed corridor would pass.
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China is aware that an India-Pakistan rapprochement, by lowering suspicions, can contribute to the stabilisation of Afghanistan, benefiting the regional stakeholders including New Delhi and Islamabad.
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On India and Pakistan, the Xinhua commentary says that apart from “mending fences between traditional rivals, the SCO expansion also bodes well for countering terrorism and extremism in the region, a key task for the SCO since its establishment”.
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Since India and Pakistan face the challenges of terrorism, separatism and extremism, their “future entry into the SCO will be a positive step for their domestic security, and will extend the anti-terrorism network”.
:: Sports ::
Sania’s another achievement
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This is where it all began for me 12 years ago. In 2003, I won the girls' doubles title (with Alisa Alisa Kleybanova of Russia). Saturday's win was, in many ways, a fulfilment of my evolution as a tennis player. Prior to this victory, I had won the French Open, the Australian Open and the US Open (at the senior level). The only trophy missing was Wimbledon. Besides, until last (Saturday) night, I had not won a Grand Slam title in women's doubles.
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Despite being down, Martina and I were very positive and were thoroughly enjoying the experience of performing on Centre Court. We kept reminding each other that it was just a question of one break and we did manage to break back. That shifted the momentum in our favour. It is moments like these that make all the pain and hard work seem worthwhile.
Sania's Slams
Year Event Championship Partner
2015 Women's Doubles Wimbledon Martina Hingis
2014 Mixed Doubles US Open Bruno Soares
2012 Mixed Doubles French Open Mahesh Bhupathi
2009 Mixed Doubles Australian Open Mahesh Bhupathi
DID YOU KNOW?
Sania had won the women's doubles junior Wimbledon championship with Russian partner Alisa Kleybanova in 2003.
Djokovic wins Wimbledon
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Novak Djokovic again revealed the true depth of his steely core to grind Wimbledon idol Roger Federer's hopes of a record eighth title into Centre Court's baseline dust on Sunday.
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With a sell-out crowd urging Federer to scale the same dizzy heights he reached in eclipsing Britain's Andy Murray in Friday's semi-final, Djokovic shrugged off losing a stomach-churning second-set tiebreak to prevail 7-6(1) 6-7(10) 6-4 6-3.
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After swiping away a forehand winner to end a two hour 56 minute contest that crackled into life midway through but then fizzled out, top seed Djokovic roared to the grey London sky before kneeling down and nibbling some of the cherished turf.
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For the second year running in the All England Club's showpiece final Federer played majestically but could not break down the defences of the game's ultimate warrior.
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World number one Djokovic now has three Wimbledon titles, the same as his coach Boris Becker, and moves above the likes of Andre Agassi, Jimmy Connors, Ivan Lendl and Ken Rosewall in the all-time list of grand slam collectors.
India beat zimbabve,take series
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An attempted slog through the covers went awry and the batsman, Murali Vijay, sighed. Had that mishit off Brian Vitori in the 17th over found any of the three fielders inside the circle on the off side, Vijay would’ve been dismissed for 25. Or, his eighth departure in the twenties in 15 innings.
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And India, going by what occurred after his eventual dismissal, would’ve got a whole lot less than 271.
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Half a decade has passed since Vijay first represented India in colour clothing. Never had he surpassed 33 runs in an ODI innings. Yes, he hadn’t played too many games; just 15 matches and 14 innings before today. But still. He did get past 20 runs, the definition of a start in any form of the game, on seven occasions. And each time, his start was stopped on or before 33.
