India and Pakistan became full members of the Shanghai Cooperation Organisation (SCO), the first-ever expansion of the China-dominated security grouping after 2001. With the inclusion of India and Pakistan, SCO now represents over 40% of world population and nearly 20% of the global GDP. 2017 SCO summit was based on the theme “Future Energy”.
President Pranab Mukherjee today launched the ‘Selfie with Daughter’ mobile application, aimed at raising awareness about female foeticide and sex selection. The campaign was started by Sunil Jaglan in June 2015 in village Bibipur in Haryana’s Jind district. The aim of the campaign is to motivate society to feel proud to be parents of a girl child, which, in turn, will result in improving child sex ratio.
RBI Governor Urjit Patel will appear before a Parliamentary panel on July 6 during which he is expected to be questioned about total deposits made in banks post government’s demonetization move. This is the fourth time Patel has been summoned by the Parliamentary Standing Committee (PSC) on Finance, headed by Congress MP and former Union Minister Veerappa Moily.
Capital market regulator SEBI has given conditional approval for the appointment of Vikram Limaye as the MD and CEO of the NSE. SEBI had delayed clearing his appointment as he was also part of the four-member Supreme Court-appointed panel managing the affairs of the Board of Control for Cricket in India. His term with the BCCI ends in August 2017.
Canara Bank has inked pact with the state-owned general insurer The New India Assurance Company Ltd. to sell policies through its branches. The pact allows Canara Bank to offer non-life insurance products to its customers across metros and tier II and III cities through the bank’s extensive network of over 6,000 branches. G Srinivasan is the present Chairman cum Managing Director of New India Assurance Company. TN Manoharan is the Chairman of Canara Bank.
Ransomware attacks have prompted Microsoft to sign an agreement to acquire Hexadite. This deal cost $100 million. Hexadite is an Israeli startup that uses Artificial Intelligence to identify and protect against cyber attacks.
Thespian Bengali actor, Soumitra Chatterjee has been conferred with the France’s highest civilian honour, the coveted Legion of Honour. The award will be presented to the Kolkata-based actor by the Ambassador of France to India Alexandre Ziegler. The award comes to the octogenarian Bengali screen legend exactly 30 years after Satyajit Ray got the honour by the then French President Francois Mitterrand in 1987.