Current Affairs: 01 Jul 2014

• ISIS Jihadist declared the captured territories a caliphate (Islamic state) with its leader Abu Bakr al Baghdadi as Caliph (head of state).  
  • The group, revealing its global ambition, also dropped the term 'Iraq and Levant' from its name.
  • Now It will be just called 'Islamic state' and work for 'restoration of caliphate' in the Middle East region.
• Google pulls plug on 10-year-old social networking site 'Orkut'.  
  • Orkut, Google’s first foray into a social networking and one of the forerunners in that space, was gradually eclipsed by the more popular Facebook.
  • The internet-giant will terminate its services by the end of September to focus on YouTube, Blogger, and Google+ services that have proven more popular.
• Pakistani child activist Malala Yousafzai has been conferred on the 2014 Liberty Medal from the National Constitution Centre in Philadelphia.   
  • She is the youngest recipient in the medal’s 25-year history.
  • Polish Solidarity founder Lech Walesa was the inaugural recipient of the annual honour in 1989.
  • Since then, recipients of this award included Muhammad Ali, former President Jimmy Carter, and former Secretary of State Hillary Clinton.
• National Doctors’ Day is observed across the nation on July 1.   
  • Its celebrated to honour the legendary physician, a Bharat Ratna laureate, and the second Chief Minister of West Bengal, Dr Bidhan Chandra Roy. 
  • The celebrations highlight the contributions and value of medical fraternity in society.
• French bank BNP Paribas has been penalized with a fine of $8.83 billion for violating US sanctions imposed on Sudan, Iran and Cuba.  
  • BNP had taken steps to evade sanctions between 2004 and 2012 and was found guilty on two counts of 'falsifying business records' and 'conspiracy'.
• 58 million children still out of school: UNESCO

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