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Current Affairs 12 July 2019

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Current Affairs 12 July 2019

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Current Affairs is a type of broadcast journalism where the emphasis is on detailed analysis and discussion of news stories that have recently occurred or ongoing at the time of broadcast. The article Current Affairs 12 July 2019 includes News summary on current events of International, National, Education, Banking, Markets, Sports, Appointments and Obituary importance of 12 July 2019.

shape International

President Donald Trump will no longer pursue adding a question on citizenship to the 2020 US census questionnaire

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Key Highlights
  • Instead, he said officials would obtain the information through an executive order for government agencies, as court challenges would have delayed a census.

  • The retreat follows a long fight over the inclusion of the question, which the Supreme Court blocked in June.

  • Critics called the question politically motivated and said it would lead to fewer immigrant households taking part.
At least 37 people have been injured on board an Air Canada flight that hit severe turbulence and had to make an emergency landing

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Key Highlights
  • The plane - carrying 284 passengers and crew - was travelling from Vancouver to Sydney but was diverted to Hawaii.

  • Thirty people were taken to the hospital in Honolulu on Thursday. Nine had severe injuries, officials say.

  • Air Canada said the Boeing 777-200 jet "encountered sudden clear air turbulence two hours past Hawaii".
Pakistan Foreign Minister Qureshi heckled in London over media freedom

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Key Highlights
  • The move came as the Pakistan government decided to curtail the space given by the press to jailed politicians like Pakistan’s former prime minister Nawaz Sharif and Zardari.

  • Amidst reports of growing press censorship in Pakistan, Foreign Minister Shah Mehmood Qureshi was heckled by a Canadian journalist here alleging that his social media account was suspended over complaints from the government, according to media reports.
Trump abandons bid to include citizenship question on census

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Key Highlights
  • Just a week after insisting that he was “absolutely moving forward,” President Donald Trump has abandoned his effort to insert a citizenship question into next year’s census.

  • Instead, he directed federal agencies to try to compile the information using existing databases.

shape National

The two sides will discuss the issue of tariffs, regulatory changes by India on data localisation, e-commerce and imports

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Key Highlights
  • Visiting U.S. trade officials will meet with Commerce and Industry Minister Piyush Goyal on Friday, after two days of talks with a “composite delegation” from the Commerce ministry and the Ministry of External Affairs, the first formal effort to resolve the recent Indo-U.S. trade impasse.

  • “Since India’s election period has now passed, USTR officials are visiting India for relationship building with Indian government counterparts, including introductory meetings,” said a spokesperson for the United States Trade Representative (USTR).
200 to be set up in addition to existing 100 to handle NRC cases after July 31

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Key Highlights
  • The Assam government will establish 200 Foreigners’ Tribunals (FTs) for handling cases of people to be excluded from the final National Register of Citizens (NRC). July 31 is the deadline for publishing the NRC.

  • These FTs would be in addition to the existing 100 and are part of the 1,000 that the Centre had decided to help Assam set up in view of the pressure anticipated in disposing of cases of people to be left out of the NRC.
Political crisis will hit economy - Chidambaram

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Key Highlights
  • Former Minister says in the Rajya Sabha that foreign investors and rating agencies will look at instability and chicanery

  • Senior Congress leader P. Chidambaram said on Thursday that the current crisis in Karnataka and Goa might appear to be “political upmanship” but it had a “damaging impact on the economy.”
Karnataka Speaker KR Ramesh Kumar told the Supreme Court

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Key Highlights
  • The Supreme Court has decided to hear Karnataka rebel MLAs’ petition on Tuesday even as it barred the Speaker from taking any decision on either resignations of the lawmakers or their disqualification till then.

  • The court also observed that the case before it raises larger question related to various constitutional provisions, including the kind of directions that can be issued by a constitutional court to a constitutional authority, in this case the Speaker.

shape Education

UP Board 10th Compartmental Exam 2019 admit card out! Direct link to download UPMSP matric admit cards

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Key Highlights
  • UP Board Class 10 Compartment Exam 2019: The Uttar Pradesh Madhyamik Shiksha Parishad (UPMSP) has released the UP Board Class 10 Compartment Exam 2019 admit cards.

  • All the candidates can download the hall tickets for UP Board Matric Compartment Exam 2019 from the official website of UPMSP, the link for which is upmsp.edu.in

shape Banking

Axis Bank turns ‘cautious’ lender as it sees new risks emerging in system

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Key Highlights
  • Private sector lender Axis Bank has decided to turn cautious while lending, with newer risks emerging in the economy.

  • “We are cautious given whatever is happening in the economy as some new signs of stress are emerging in the system,” said Amitabh Chaudhry, Managing Director and CEO, Axis Bank, on Thursday, noting that most banks had thought the troubles in the sector were over after recognising the stressed and non-performing assets.

shape Markets

Today Live Updates
  • IndusInd Bank, Karnataka Bank, Sangam (India), TRF, Hathway Cable & Datacom, GNA Axles, Infomedia Press, 3i Infotech, Reliance Industrial Infrastructure.

  • KPR Mill: Withdraws Rs 260 crore Buyback plan on 20 percent tax proposal. It informed SEBI that it is unable to go ahead with its share Buyback Issue citing The Union Budget's proposal to tax such transactions at 20 percent.

  • DEN Networks Q1: Net profit at Rs 11.2 crore versus loss of Rs 30.7 crore; revenue falls to Rs 313 crore versus Rs 314 crore YoY.

  • Salzer Electronics: Company completed the acquisition of Kaycee Industries (acquired 72.32 percent shares from promoters of Kaycee Industries Ltd).

  • United Breweries: Company appointed Berend Odink as Chief Financial Officer, a successor to Steven Bosch, erstwhile Chief Financial Officer.

  • Eveready Industries: Yes Bank acquired 39,10,000 equity shares of a company (representing 5.38 percent of total paid-up equity) and 21,21,903 shares (representing 2.92 percent) by invoking pledged on promoters holding.

  • Himachal Futuristic Communications: Subsidiary HTL received a purchase order worth Rs 198.82 crore from Bharat Electronics for the supply of various types of optical fiber cables.

  • Manpasand Beverages: Company to avail Rs 100 crore loan for working capital. Promoter Dhirendra Singh pledged the entire stake.

  • TCS: Company launched Jile 3.0, a major release of its on-the-cloud Agile DevOps platform that helps companies of all sizes achieve enterprise agility.

  • Indian Wood Product: Upon receipt of all required permission from regulatory authorities, the trail of the commercial production of premium Katha at IWP's Jammu & Kashmir Plant has commenced.

  • Xelpmoc Design and Tech: Company approved the proposal of investment in the share capital of Extrapolate Advisors Private Limited and Type Fintech Private Limited.

  • Mac Charles: Company recommended a dividend at Rs 1O per share on the face value of Rs 10 each.

  • Double-digit growth in Q1 NII on cards for IndusInd Bank; Bharat Financial merger may hit profit

  • HDFC gains after CLSA raises target price; sees 21% upside

  • NTPC gains after CLSA retains 'buy'; sees 22% upside on potential SJVN merger

  • ACC, Ambuja Cements rally 2% after BofAML upgrades ratings

  • KPR Mill falls 2% on withdrawal of buyback proposal

  • Guess Corp zooms 14% on preferential issue approval worth Rs 51 cr to Amazon.com

  • Glenmark rallies 2% after Nomura reiterated rating on Torrent partnership

  • D-Street Buzz: Metal stocks shine led by JSPL, Tata Steel; Guess Corp zooms 14%

  • Insurance stocks rally 2-7% on strong APE growth in June

  • Himachal Futuristic Communication gains 2% after subsidiary bags order from BEL

  • GNA Axles climbs 12% on strong Q1 show

shape Sports

World Cup to get first-time winners as Eng beat Aus to reach final

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Key Highlights
  • Three-time runners-up England defeated five-time champions Australia by 8 wickets in the second 2019 World Cup semi-final to reach World Cup final for the fourth time and the first time since the 1992 edition.

  • In the final, England will face New Zealand, who also haven't won the World Cup so far. The final will take place at Lord's on Sunday.

shape Appointments

Fitness brand Reebok appointed Bollywood actor Katrina Kaif as its new brand ambassador in India

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Key Highlights
  • Fitness brand Reebok appointed Bollywood actor Katrina Kaif as its new brand ambassador in India. This will enhance Reebok’s commitment to be the best fitness brand in India.

  • “Katrina being a fitness enthusiast, is a perfect fit for the brand. We are confident that together we will continue to inspire the youth and be the thought leaders in the fitness industry," said Sunil Gupta, brand director, Reebok India.

shape Obituary

Mandla Maseko, first black African in space passed away in a motorbike crash

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Key Highlights
  • Mandla Maseko, aged 30, the first black African in space passed away in a motorbike crash in Pretoria. He was a part-time DJ and candidate officer with the South African Air Force and was nicknamed “Afronaut” and “Spaceboy”.

  • In 2013, he was one of 23 winners out of a million entrants to a competition by the Axe Apollo Space Academy to attend a US space academy.
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