25th July 2018 Current Affairs


Indian Air Force contingent participates in Australia’s Exercise Pitch Black for first time

  • An Indian Air Force contingent comprising of four frontline Sukhoi-30 MKI fighter aircraft is participating in Exercise Pitch Black-2018.
  • Exercise Pitch Black is a multinational exercise hosted by Royal Australian Air Force (RAAF).
  • This is the first time that the IAF will be participating in the exercise, which involves over 100 aircraft from around the world operating in a dynamic warlike environment.

Tata AIA appoints Rishi Srivastava as CEO and MD

  • The Tata AIA Life board has appointed Rishi Srivastava as the new chief executive officer (CEO) and managing director (MD).
  • Srivastava’s appointment is subject to regulatory approval from the IRDAI.
  • Srivastava will take over from current CEO Naveen Tahilyani, who in turn takes up the position of CEO, group partnership distribution, AIA Group, Hong Kong.

India, Rwanda sign 8 MoUs and agreements in varied fields

  • India and Rwanda have signed 8 agreements to bolster bilateral cooperation between the two nations.
  • One of the agreements is on Cooperation Defence. India and Rwanda will cooperate on capacity building, defence, industry, and science and technology.
  • The two nations have also signed an agreement for $100 million for the development of industrial parks and the expansion of Kigali special economic zones.

India, Uganda sign 4 MoUs in various fields

  • PM Narendra Modi is on a three-nation tour to Africa, and the second stop is in Uganda.
  • The two nations have signed 4 MoUs on various fields.
  • Among the MoUs signs, one is on Defence Cooperation, while another important one is on Material Testing Laboratory.
  • The agreements were signed following the delegation-level talks between Indian PM Narendra Modi and Ugandan President Yoweri Museveni in Kampala.

Venezuela’s inflation to touch 1 million per cent by year end: IMF

  • The International Monetary Fund (IMF) has predicted that Venezuela’s inflation will hit 1 million per cent by the end of the year.
  • The South American country’s economy has been steadily collapsing ever since the crash of oil prices in 2014.

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The Author

Upasana Pradhan

Hello, my name is Upasana Pradhan, I’m currently working as a Content Writer. I have done my Masters in Electronics and Communication from Delhi Technological University, Delhi. I always had a passion for writing. Apart from that, I love listening music, hanging out with friends, Cooking and Shopping.

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