Mohammed Mursi was sworn in as Egypt's first freely elected President, bringing the Muslim Brotherhood to power after 84 years. Tens of thousands protested in Hong Kong on the 15th anniversary of Chinese rule. Libya's National Transitional Council handed over power to a new assembly, marking a transition after Gaddafi's ouster. The Indian Space Research Organisation is preparing for its 100th mission next month. Hamid Ansari was re-elected as President and Pranab Mukherjee was elected President of India.

1. July 2012
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2. International
Mohammed Mursi was sworn in on Saturday as Egypt's first freely elected
President bringing his Muslim Brotherhood to power after 84 years of
struggle, even as the military seemed determined to retain contro.
He became Arab world's first freely elected Islamist president and Egypt's fifth head of
state since the overthrow of the monarchy some 60 years ago.
Tens of thousands of protestors filled the streets of Hong Kong on 2nd
July, adamant there was nothing to cheer as the former British colony marked 15
years of Chinese rule and swore in a new leader.
Attack in Guruduwara in US and killed six people Gurdwara. Gun men died by
self inflicted gun shot.
Libya's National Transitional Council has handed power to a new assembly in a symbolic
move marking a peaceful transition following the overthrow of Muammar Gaddafi's 40-
year dictatorship.
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3. Sports
Lukas Rosol beats Nadal in wimbeldon. Biggest defeat of Nadal in past 7 years.
India-Pakistan bilateral cricket ties are set for revival after a five-year gap with
the BCCI on Monday deciding to invite the neighbouring team for a three-match
ODI series in December.
Olympic Fever is on. Amitabh Bachan only Indian holds the torch of
Olympic this year.
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4. India
From 10th July, reservation of tatkal tickets will start from 10 am instead of 8 am and no
authorised agents will be allowed to book them during the first two hours.
At present, tatkal scheme is available in around 2677 trains which translates to around 1.71 lakh
berths.
In 2011-12, earning from the scheme stood at Rs 847 crore.
500 Cr package to Assam for rebuilding and cope up with flood.
Presidential Nomination : Pranab Mukherjee and PA Sangma
Teesta III hydro project will be ready by Dec 2013. Project will provide electricity to
Haryana, Sikkim and Rajasthan
Yamuna Expressway is inaugurated. 12000 project is inaugurated by Akhilesh UP CM.
The Indian Space Research Organisation is preparing for its 100th mission next month with
the commercial launch of two foreign satellites from the spaceport of Sriharikota in Andhra
Pradesh. Journey started with Aryabhatta in 1975. PSLV C21 will be 100th satellite.
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5. India
Hamid Ansari re-elected as President and Pranab Mukherjee is elected as president.
Team Anna decided to fight for election in 2014
SC asked to open the iron ore mines in Karnatka as this is leading losses to steel and iron
ore industry
Country sees grid failure twice in North East India. Leading darkness in north.
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6. Business
All services except those which are in the negative list will become expensive from 2nd July
onwards with the implementation of the new service tax regime.
With the exception of 38 services, which figure in the negative list, all other activities would
attract 12 per cent tax.
Stocks and rupee on Friday surged with foreign funds returning to Indian shores, with
Sensex shooting up by 439 points and rupee gaining 119 paise after the government
provided clarity on controversial tax avoidance rules. Draft of General Anti-Tax Avoidance
Rules bring some clearity.
Barclays had manipulated LIBOR to increase its traders' profits over several years. Barclays
agreed to pay over $450 million to resolve the accusations.
Eighteen banks now supply data for setting dollar-denominated LIBOR. According to regulators,
Barclays traders sought to skew LIBOR to benefit their bets. These trades were executed using
financial contracts called derivatives that were linked to LIBOR. Regulators say they found
dozens of communications from 2005 to 2009 in which derivatives traders pressed another group
of Barclays employees to try to influence LIBOR. The British Bankers' Association, which
oversees the standards for calculating LIBOR, does not allow banks to use interest rates-linked to
derivatives to determine their LIBOR submissions.
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7. Health & Social
Protien Immune Deficiency pathway signal transducing factors, are analogous to an electrical
circuit.
or the first time, scientists of Washington have identified a series proteins in mosquitoes
that transduce a signal enabling the insects to fight off infection from the parasite that
causes malaria in humans, a finding they say could lead to new treatments for the killer
disease.
Tata Sons Chairman, Ratan Tata, has been awarded a Lifetime Achievement Award by the
prestigious Rockefeller Foundation inNew York for his innovation in philanthropy.
Employees in organisation are sensitive and given a chance to serve the country. Like
through spl holidays for helping victims of natural disaster etc. Org helping
poors, imprating education etc also.
Seeking to give a big boost to sanitation in rural areas, Planning Commission has allocated
a Rs 3,6000 crores for the 12th Five Year Plan, up from Rs 7800 Crore in the previous Plan.
60 percent of open defecation in the world are inIndia
Scientists have developed a tiny, artificial disc which mimics the flexibility of the spine, a
feat they say could revolutionise the treatment of back pain.
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8. Big Question???
Where we lost the glory and who is responsible for same??
1984 Olympics: India misses medal by a whisker
1980 Olympics: India sinks Spain for gold
1976 Olympics: Infighting mars India’s performance
1972 Olympics: India’s golden glory fades
1960 Olympics: Pakistan ends India’s dominance
1956 Olympics: India pips Pakistan to win gold
1952 Olympics: Babu seals gold for India
1948 Olympics: Record fourth gold medal for India
1936 Olympics: Hat-trick for India under Dhyan Chand
1932 Olympics games: India’s dominance continues
1928 Olympics: India's first step towards ascending hockey throne
** http://www.thehindu.com/incoming/article3613549.ece
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9. Rio+20 Earth Summit
For detailed presentation mail us at
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10. Barclays LIBOR Scam Timeline
2011 • RBS sacked 11 employees for attempt of
manipulating the LIBOR.
• Barclays agreed and penalty has been charged.
2012 While in 2010 they committed they are
following new fundamental rules.
• Stock sees 15% downside.
2008
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11. Barclays LIBOR Scam Timeline
2005
• Barclays tried to manuplate the LIBOR and EURiBOR
• 257 req by derivative trader of Barclays during 2005-
2007
2007 • During 2007 on onset of downturn, Barclays
manuplated rates. To show good credit quality of
Bank. LIBOR submission was on higher end.
2008 • Barclays officer reported, Bank not reporting correct
rates.
2009 • BBA circulated guidelines submission of rates. Which
Barclays doesn’t followed.
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12. Western Ghats
UN designated western Ghats in as world heritage site
• Its rich biodiversity and natural splendor has made it one
mostremarkable spots on earth
• India’s 1,600-km-long Western Ghats, a mountain chain that has forests
older than those in the Himalayan range, has been added to a list of
world heritage sites by the United Nations.
Western Ghats is also recognised among the 8 hottest spot
• During 2007 on onset of downturn, Barclays manuplated rates. To
show good credit quality of Bank. LIBOR submission was on higher end.
Other Major Addition
• A historic opera house in Germany, a border town and its fortifications
in Portugal, and eight interconnected lakes in Chad are some of the
other sites that have been added to the list..
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