Current Affairs Global - 15 July 2015

1. Global credit rating agency Standard and Poor-s expects a stable trend in sovereign credit rating in Asia—Pacific nations, including India, in spite of growing economic uncertainties. S&P has retained India-s sovereign rating at -BBB—- with stable outlook in its mid-year review of the Asia-Pacific region.

S&P had earlier projected India-s credit outlook as stable for the next 24 months in its report published in September 2014.

2. China-s economy grew by 7% in the second quarter of the year compared to same quarter last year, thus beating expectations. On a quarterly basis, GDP growth stood at 1.7% in second quarter, compared to the 1.4% revised figure in the first quarter. With this rate, China-s economic growth remains almost flat.

3. BCCI Secretary Anurag Thakur has announced that the Champions League Twenty 20, CLT20, has been scrapped with immediate effect. The decision was made after consultation with all the commercial partners and meeting the contractual obligations of all parties involved.

This decision was taken unanimously by Governing Council of CLT20, comprising BCCI, Cricket South Africa and Cricket Australia. This decision comes a day after a panel appointed by Supreme Court has suspended two IPL teams for two years over an IPL match fixing scandal.