Current Affairs India - 12 July 2016

1. Bollywood superstars Shahrukh Khan and Akshay Kumar are listed among the world-s highest-paid celebrities of 2016, as per an annual list published by Forbes. Shah Rukh has been ranked at 86th on the list with earnings of USD 33 million, while Akshay stood at 94th spot with USD 31.5 million earnings. The list has been topped by American singer Taylor Swift with an earnings of USD 170 million.

2. Indian President Pranab Mukherjee has conferred the 51st Jnanpith Award on the famous writer Dr. Raghuveer Chaudhari for his "outstanding contribution towards literature".

3. Nirma Ltd acquired 100% stake of Lafarge India from Lafarge-Holcim for around USD 1.4 billion. The deal is subjected to approval from the Competition Commission of India (CCI). Lafarge India operates three cement plants and two grinding stations with a total capacity of around 11 million tonnes per annum.

4. India-s Index of Industrial production or IIP grew by 1.2% in May compared to same month last year mainly due to increase in consumer durables output. The manufacturing sector grew 0.7%, power generation grew by 4.7% and mining sector output grew by 1.3% during the month.

5. India-s Retail inflation, measured by Consumer Price Index, jumped to 22-month high of 5.77% in June compared to 5.76% in the previous month. As per Government data, overall food inflation rose to 7.79% in June which dashed any rate cut hope by the RBI as the CPI data is higher than 5% level set by the central bank. Retail inflation in rural areas stood at 6.2% while in urban areas it stood at 5.26% in June.

6. Indian Hockey teams for Men and Women for the Rio Olympics have been announced today. In a surprise move, skipper Sardar Singh has been removed from captaincy and Goalkeeper P R Sreejesh has been appointed to lead the team. In Women's, Sushila Chanu will lead the team instead of former captain Ritu Rani.