20 July 2016 Current Affairs
SBI launches Rs 7,000 crore stressed assets fund with Brookfield
Country’s largest lender State Bank of India (SBI), SBI and Brookfield Asset Management have set up a joint venture (JV) with an initial commitment of over $1 billion to make investments in businesses with stressed assets. Brookfield will commit around Rs 7,000 crore and SBI up to 5 percent of the total investments into stressed assets, the state-owned bank said in a statement. The JV will evaluate and invest in various stressed assets, relying upon Brookfield’s operational expertise to manage recapitalised businesses. At a later stage, the JV may seek participation from other lenders in the identified assets.
Canada to conduct world’s first Zika vaccine test on humans
Canada are going to conduct the world’s first Zika vaccine test on humans. They are first international researchers team in the world to complete all of the steps in the regulatory process for the test. The development of the Zika vaccine has been authorized by the US Food and Drug Administration (FDA) and Health Canada. Until now, vaccines have been tested on mice. According to World Health Organization (WHO), more than a dozen pharmaceutical companies, including France’s Sanofi and India’s Bharat Biotech, are working on developing a Zika vaccine.
Turkey declares three-month state of emergency after a failed military coup
Turkey’s President Recep Tayyip Erdogan on 20 July declared a three-month state of emergency following a botched coup attempt, asserting he would rid the military of the “virus” of subversion and give the government sweeping powers to expand a crackdown that has already included mass arrests and closure of hundreds of schools.
Rohit Khandelwal becomes first Indian to win Mr. World title
Indian actor, model, television personality Rohit Khandelwal won the prestigious 2016 Mr. World title. With this he became first Indian and first Asian to win the Mr. World title. He received a whopping cash prize of 50,000 US dollars. Rohit defeated 47 other contestants from across the globe to bag the title. Born in Hyderabad in 1989, Mr. Khandewal, is a model, actor and television personality. He is also the winner of Mr. India 2015 contest.