16 July 2015 Current Affair Updates Download | Daily GK Updates

1. India is the highest recipient of US economic assistance according to USAID. The US provided USD 65.1 billion as economic assistance to India between 1946 and 2012, according to the US Agency for International Development (USAID) statistics. It was the highest among the economic assistance provided to 200 countries and regions by the US during the period. India is followed closely by Israel, which got USD 65 billion.
2. Global financial services hub Gujarat International Finance Tec-City (GIFT City) has appointed Ajay Kumar Pandey as its new Managing Director and Group CEO. Pandey will take over the charge from August 1. Pandey will replace the current head of GIFT, Ramakant Jha, who has been associated with the project since November 2009. Jha will move to Mumbai as CEO of IL&FS's Smart City initiative.

3. The eighth Asian Airgun Shooting Championship will be held in National Capital New Delhi from September 25 to October 1 at the Karni Singh Shooting Range. There are 12 men and women events over four days of competition in the senior, youth and junior categories. Airgun competitions are restricted to the Air Rifle and Air Pistol segments.

4. Madhya Pradesh government has appointed former Chief Secretary Rakesh Sahni as the Chairman of Narmada Valley Development Authority (NVDA). After his retirement from the post of chief secretary, the 1972 batch IAS officer also served as the Chairman of MP Electricity Regulatory Commission.

5. Frost & Sullivan, USA presented the 2015 Asia – Pacific Economic Development Innovation: Policy and Program Implementation Excellence Award in Manufacturing to Department of Industrial Policy and Promotion for the Make in India initiative. Frost & Sullivan, a US based Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation, and leadership. The award is in recognition of the outstanding contribution of the Make in India program’s vision and implementation excellence to simplify the regulatory framework, reinforce connectivity and incentivize investments.

6. In an historic event, comprehensive deal on Iran’s nuclear programme was reached on which brought to end a 13 year stand-off between Iran and western powers that had threatened to trigger a new war in the Middle East. The agreement between Iran and P5+1 group (five permanent members of the UN Security Council, namely China, France, Russia, the United Kingdom, and the United States, plus Germany) was reached after clearing final obstacles included a compromise between Washington and Tehran that would allow U.N. inspectors of press for visits to Iranian military sites as part of their monitoring duties.

7. Uttar Pradesh Chief Minister Akhilesh Yadav announced to give Yash Bharti award to noted poet Urdu Anwar Jalalpuri for translating Shlokas of the Bhagvad Geeta into Urdu verses. It is one of the most prestigious awards of Uttar Pradesh. Jalalpuri has translated the Shrimad Bhagwad Gita into over 1,700 Urdu couplets
16 July 2015 Current Affair Updates Download | Daily GK Updates
16 July 2015 Current Affair Updates Download | Daily GK Updates
8. Former Billiards and Snooker Federation of India (BSFI) President Pashupatinath Roy died following a cardiac arrest in Kolkata. He was 76. Roy was also the President of West Bengal Badminton Association for more than five decades after he took over charge from his father B.K. Roy in late 1960s.

9. India won the three-match One Day International (ODI) Series against Zimbabwe 3-0 played in Harare. India batting first in the third match of series scored 276 runs at a loss of five and in reply to the target Zimbabwe was bowled out at the score of 193 in 42.4 over. Kedar Jadhav for his 105 runs in 87 balls was declared Man of the Match whereas Ambati Rayudu won Man of the Series.

10. To address the growing problems of pollution, congestion and shortage of housing stock for the poor and middle class in Delhi, the Ministry of Urban Development has approved the Transit Oriented Development Policy (TOD) for Delhi. Minister of Urban Development M. Venkaiah Naidu has cleared the Policy which is expected to recast Delhi’s landscape as part of review of Master Plan for Delhi – 2021. TOD is a key policy initiative for low-carbon, high-density, compact, mixed land use and sustainable development by minimizing travel time for citizens, promoting use of public transport, reducing pollution and congestion in the national capital.
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