anniversary of Kargil Vijay Diwas being observed through out the country today
i. The 15th anniversary of Kargil Vijay Diwas is being
observed through out the country today to remember the sacrifices of jawans who
laid down their lives in Kargil war in 1999.

ii. The day started with a solemn wreath
laying ceremony at the Drass War Memorial led by Lieutenant General D S Hooda,
GOC-in-C Northern Command of the Indian Army. This was followed by a pledge taken
by all present at the function to rededicate them to the cause of the Nation.
iii. The armed conflict broke out in
Kargil when Pakistani soldiers infiltrated into India crossing the Line of
Control (LoC). The Indian Army fought bravely in the high altitude Kargil hills
and forced Pakistani troops to beat a retreat.

iv. Paying tributes to Kargil
martyrs, Prime Minister Narendra Modi remembered the indomitable courage and
sacrifice of the Armed Forces on Kargil Vijay Diwas.
Bindra bids CWG adieu with gold, teenager Malaika gets
i. It was a memorable swansong at the Commonwealth Games for Abhinav Bindra
as the ace marksman bagged the 10m Air Rifle gold medal in a gripping finale
with young schoolgirl Malaika Goel turning out to be surprise package winning
silver in the 10m air pistol event.
ii. After
a cracking opening day where they bagged seven medals, it was a relatively
quieter day for the Indians as they added a gold, silver and a bronze to their

iii. Apart
from the two medals at the shooting range, India won a bronze in the weightlifting
through 20-year-old Santoshi Matsa who finished third in the women’s 53 kg

The 16-year-old Malaika gave India its first shooting medal with a score of
197.1 while favourite Heena Sidhu fell by the wayside at the Barry Buddon
Shooting Centre at Dundee. 
v. India are currently placed fourth in
the medals tally with three gold, four silver and three bronze medals behind England, Australia and Scotland. 
Kaptan Singh Solanki appointed Haryana Governor
i. Veteran BJP leader and Rajya Sabha member Kaptan
Singh Solanki was appointed the Governor of Haryana in place of Jagannath
Pahadia who completes his tenure on Saturday.
ii. A Rashtrapati
Bhavan communiqué on Friday night said the President has appointed Solanki as
Governor of Haryana with immediate effect. Pahadia completes his tenure on
Saturday, it added. 

iii. 75-year-old
Solanki, a former professor, hails from Bhind district of Madhya Pradesh and
was renominated to Rajya Sabha in August, 2012. 

iv. Haryana
goes to assembly polls later this year. 
& Nepal to boost cooperation in defence, security, trade & investment
i. India and Nepal have agreed to take the bilateral ties to
a new level. They will boost cooperation in diverse areas including defence,
security, trade and investment, water resources and border issues.
ii. This was decided today at the first
meeting of the Joint Commission held in Kathmandu after a gap of 23 years. The
Meeting was co-chaired by External Affairs Minister Sushma Swaraj and her
Nepalese counterpart Mahendra Bahadur Pandey.
iii. The meeting agreed on setting up an
Eminent Persons Group to identify new areas of cooperation and suggest measures
to help both the countries seize all possible opportunities.

iv. The meeting deliberated on
issues relating to defence and security and agreed to expand cooperation.
5.    RBI slaps total of RS1.5-cr penalty on 12 banks in Deccan Chronicle
Holdings case
i. The Reserve Bank of India (RBI) has
slapped a monetary penalty, ranging from Rs 5 to Rs 40 lakhs, on 12 banks
including ICICI Bank, HDFC Bank, Axis Bank, Canara Bank and IDBI Bank, in the
case relating to the loan and current accounts of the troubled Deccan Chronicle
Holdings Ltd for violations of its instructions/directions/guidelines.
ii. The central bank has imposed the maximum penalty on Rs
40 lakh on ICICI Bank; followed by Rs 15 lakh each on Axis Bank and IDBI Bank.
iii. A penalty of Rs 10 lakh each has been imposed on Andhra
Bank, Canara Bank, Corporation Bank, IndusInd Bank, Kotak Mahindra Bank, State
Bank of Hyderabad and Yes Bank, the RBI said in a statement.
iv. HDFC Bank and Ratnakar Bank have been slapped with a
penalty of Rs 5 lakh each.
v. The Reserve Bank had carried out a scrutiny of the loan
and current accounts of Deccan Chronicle Holdings Ltd., in certain branches of
these banks in late 2013. Based on the findings of the scrutiny, the Reserve
Bank issued show cause notices to these banks in March 2014, to which the
individual banks submitted written replies.
6.    Woodland, UNICEF to launch water, sanitation campaign
in Assam
i. Footwear and apparel maker Woodland has tied up with
UNICEF to promote a water, sanitation and hygiene campaign (WASH) in Assam.
This is the third year of their tie-up.
ii. The idea of the partnership is to support UNICEF’s
efforts to advocate the importance of safe drinking water, sanitation and
iii. Over the last two years, Woodland has contributed
approximately Rs 1.25 crore towards the programme, the company said in a
iv. UNICEF, under the programme, has so far trained over 40
teachers, 100 school management committees, over 200 mother group members, and
2,000 children across the region.
v. According to the company release, mass hand washing
facility has also been installed in 20-odd schools in Assam by UNICEF. Nearly
74 per cent of the elementary schools are provided with clean drinking water
and 79 per cent girls and 56 per cent boys have access to toilets.
vi. A team consisting of Woodland and UNICEF representatives
has visited some of the rural primary schools in Kamrup district of Assam.
7.    CAG Of India, Shashi Kant Sharma took charge as member
of UN Board Of Auditors
i. The
Comptroller & Auditor General of India, Shashi Kant Sharma assumed office
as Member of the United Nations Board of Auditors for a term of six year upto
June 2020.
ii. Shashi Kant Sharma
took over the charge from Liu Jiayi, the Auditor General of the People’s
Republic of China at the United Nations Headquarters at New York. He was
elected to this position defeating Philippines by a margin of 62 votes in
November 2013.
United Nations Board of Auditors
The United Nations General Assembly
established the United Nations Board of Auditors to audit the accounts of the
United Nations Organization and its funds and programmes and to report its
findings and recommendations to the UN General Assembly.
8.    Veteran journalist Sundaram Sankaran died at 87
i. Veteran Journalist Sundaram Sankaran died. He passed
away at his residence in Kensington, Maryland in the US. He was 87.
ii. He served the World Bank for more than 25 years in
Washington D.C. He joined the World Bank in 1962 as a writer in the Office of
Information and played a key role in shaping World Bank’s information policy in
developing countries. He retired from World Bank in 1988 as Chief of the Bank’s
Public Affairs Division.
9.    Malabar Naval Exercise featuring Indian, Japanese and
US Navy started
i. Malabar Naval exercise 2014 started in the Pacific
Ocean. Malabar naval exercise 2014 is the 18th edition of the Malabar series
conducted to enhance multinational maritime relationships and mutual security
ii. Japan is participating in the Malabar exercises for the
third time since it first participated in 2007.
of the Exercise
exercise will feature both ashore and at-sea training. The ashore
 at Port
Sasebo in Tokyo, Japan will take place from 24 July 2014 to 26 July 2014.
Exercise Malabar
i. The Exercise Malabar is a joint naval exercise first
conducted as a bilateral one between the US and Indian navies in 1992.
ii. In 2007, it was expanded to include the navies of Australia,
Japan and Singapore when the exercise was conducted in the Bay of Bengal. Since
then India has restricted the Malabar exercise after China protested it.

iii. Malabar exercise was not conducted for a brief period
after Pokhran II nuclear test conducted by India in 1998.