Current Affairs India - 28 July 2015

1. Former President A P J Abdul Kalam, popularly known as the 'missile man' passes away in Shillong today evening. He was 84. He was rushed to Bethany hospital in Nongrim hills after he collapsed during a lecture in the Indian Institute of Management today afternoon.

Considered the most popular President, Kalam became the11th President of India and occupied the post between 2002 and 2007 during the NDA government under Atal Bihari Vajpayee but lack of consensus denied a second term in office for a man who came from outside political spectrum.

2. Prime Minister Narendra Modi has launched Deen Dayal Upadhyaya Gram Jyoti Yojana for power sector reforms in rural India to ensure 24x7 electricity supply to farmers and rural households. The scheme will be implemented by the Power Ministry. The scheme has an outlay of Rs. 76,000 crore for implementation of the projects under which the Centre shall provide grant of Rs. 63,000 crore.

3. Leading PSU Bharat Electronics Ltd (BEL) won the Dun & Bradstreet-s -India-s Top PSUs Awards 2015 in the category of electrical and electronic equipment sector for the critical role played by the PSUs in the development of the Indian economy. The award was received by Chairman and Managing Director of BEL Mr. S K Sharma along with Anandi Ramalingam the General Manager-National Marketing for BEL.

4. Ajay Mathur has been appointed as the new Director-General of TERI. He is currently head of the Bureau of Energy Efficiency, a government body under the Ministry of Power.

5. Indian pharmaceutical company Lupin has acquired US based Gavis Pharmaceuticals in cash-free and debt-free transaction for USD 880 million. This acquisition will help Lupin to expand its presence in US and enter into niche generics areas such as dermatology and controlled substances etc.

6. India-s leading Jewellery export company Rajesh Exports acquired Valcambi, the world-s largest gold refining company, in an all-cash deal worth USD 400 million. The company was selected after a global search by Valcambi-s existing owners led by Newmont Mining Corp. The deal will help Rajesh Exports to secure raw material supplies for its Jewellery business.