*CURRENT AFFAIRS (01:07:2014)

1. 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.
2. 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.
3. 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.
4. 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.
5. 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'