After reading all chain of links.. I understood the root certificate updates should happen automatically for Windows 7. I tried restarting and several other things and the certificate update does not seem to happen..
I found the below link, that tells how to update the root certificate manually..
Manual Root Certificate Update - Windows 7
Basically I've to download and run http://download.windowsupdate.com/msdownload/update/v3/static/trustedr/en/rootsupd.exe