10 july 2015 current affair...

        Independence Day of The Bahamas.

Today is Independence Day of The Bahamas.
Note : Bahmas got freedom from British on 10th July 1973

• Important Details about Bahmas
• Capital : Nassau
• Official language : English
• Monarch : Elizabeth II
• Governor-General : Marguerite Pindling
• Prime Minister : Perry Christie
• Currency : Bahamian dollar (BSD)

15th SCO Summit 2015

• The 15th SCO Summit opened in Ufa, Russia
  
• SCO : Shanghai Cooperation Organization 
• Russian President Vladimir Putin hosted the Summit. 
• Founded in 2001
• Full Members of SCO : China, Kazakhstan, Kyrgyzstan, Russia, Tajikistan and Uzbekistan as its full members.
• Observers : Afghanistan, India, Iran, Mongolia and Pakistan 
• Dialogue Partners : Belarus, Turkey and Sri Lanka

Prime Minister Narendra Modi met his Pakistani counterpart Nawaz Sharif on the sidelines of SCO Summit.

• The bilateral meeting between both the leaders was held after a gap of more than a year.
• PM Modi & Nawaz Sharif  met for the first time in May last year
• Highlights of Modi-Nawaz bilateral meeting 
• Pakistan agreed to expedite 26/11 Mumbai terror attack case trial. 
• Condemning terrorism in all forms, India and Pakistan agree to co-operate to eliminate it from South Asia. 
• A meeting in New Delhi will be held between the two NSAs to discuss all issues connected to terrorism.  
• Decision for release of fishermen in each other's custody, along with their boats, within a period of 15 days.  
• Mechanism for facilitating religious tourism.  
• Prime Minister Narendra Modi accepted Nawaz Sharif's invitation to visit Pakistan next year.

Russian Cosmonaut Gennady Padalka has achieved a landmark in NASA history by becoming the first man to spend longest time on International Space Station (ISS).  

• He has set the Guinness World record by spending 804 days by July 2015.

9 july 2015 current affair....

7th BRICS summit started at Rusian city Ufa.

• BRICS Summit is an annual diplomatic meeting of the BRICS countries, a grouping of major emerging economies. 
• These countries includes Brazil, Russia,India, China and South Africa.
• Note : Russia is hosting 7th BRICS Summit. 
• 6th BRICS summit was hosted by Brazil.
• Participants of BRICS Summit 2015
• from Brazil : Dilma Rousseff (President)
• from Russia : Vladimir Putin (President)
• from India : Narendra Modi (Prime Minister)
• from China : Xi Jinping (President)
• from South Africa : Jacob Zuma (President)
• Note : Prime Minister Narendra Modi has proposed that the BRICS nations host an annual trade fair. 
• He also added that India would be happy to host the first BRICS trade fair. 

Myanmar officials have announced that 8th November 2015 as the date for a historic general election set to be the first contested by Aung San Suu Kyi's opposition in a quarter of a century.

New Appointments 

In a first, the government has appointed a private sector executive Sriram Kalyanaraman as Managing Director and CEO of National Housing Bank.

Note : This is very important point to remember for Insurance Exams as he is the first person form the private sector to head a public sector financial institution.

At present, Kalyanaraman is Director-Business Development, Equifax Credit Information Services.

• Professor Lord Kamlesh Patel of Bradford, an OBE and a leading voice on health, social care and community cohesion in the UK, has become the first British Asian to join the England and Wales Cricket Board.

Bashar Nawaz

Renowned Urdu poet, critic and orator Bashar Nawaz passed away.

• He penned the immensely popular song 'Karoge yaad' in Hindi film 'Bazaar'. 
• He was honoured with prestigious "Pulotsav Samman" for his contribution to Urdu literature.

India and the United States sign agreement to share tax information

•  India and the United States signed an inter governmental agreement to implement the Foreign Account Tax Compliance Act (FATCA) with a view to promote transparency between the two countries on tax matters. 

•   The agreement was signed by Revenue Secretary Shaktikanta Das from India and US Ambassador to India Richard Verma, on July 9.. 

•  It is expected that the exchange of information on automatic basis regarding offshore accounts under FATCA would deter tax offenders, improve tax transparency and eventually bring in higher equity into the direct tax regime, which is necessary for a healthy economy.