Current Affairs Daily Updates June 8th 2016

Dear Readers,
Welcome to Mentor for Bank Exams. Here I am presenting the current affairs of the day covering utmost events happened which are helpful for upcoming competitive exams as well to boost your general awareness. Kindly make use of these!!!

1. Fashion designer Kenneth Cole named UNAIDS international goodwill ambassador
• Fashion designer and AIDS activist Kenneth Cole was named an international goodwill ambassador by the head of the U.N.’s AIDS-fighting organization.
• The appointment by UNAIDS chief Michel Sidibe came on the eve of the U.N. General Assembly’s high-level meeting on ending AIDS.

1. President Pranab Mukherjee to get the highest award of Ivory Coast
• President Pranab Mukherjee will be presented National Order of the Republic of Ivory Coast, during his two days visit to the nation. He is going to visit the country starting from 14th of June.
• This is the highest award of the West African Country. It is the first time when any highest level dignitary from India is going to visit the Ivory Coast.

1. ICICI Bank offers new services on ‘iMobile’
• India's largest private sector bank, ICICI Bank has added five new features on its mobile banking app, 'iMobile', taking the total number of services that the users can avail of to over 150.
• New features will enable customers to instantly pay taxes and book railway tickets within the app. iMobile users will also be able to purchase travel & motor insurance as well as buy mutual funds from 19 asset management companies.

1. Book “The Education President”
• The President of India, Shri Pranab Mukherjee received the first copy of a book titled “The Education President” at a function held in Rashtrapati Bhavan. He received the book from Vice President, Shri Mohammad Hamid Ansari who formally released it.
• The book published by the International Institute for Higher Education Research & Capacity Building, OP Jindal Global University highlights President Mukherjee’s contribution to the field of higher education as Visitor to 116 institutions of higher learning in India.

1. Father of modern Nepali music Ambar Gurung passes away
• Amber Gurung, the renowned Nepali musician, and composer of the country's national anthem has passed away at the Grande International Hospital in Dhapasi.
• He has composed more than a 1,000 songs including many era-defining numbers during his long career.
2. Veteran Journalist KK Katyal passes away
• K.K. Katyal, veteran journalist and former Delhi Chief of Bureau of The Hindu, who led the newspaper’s wide-ranging coverage from the national capital during a particularly eventful phase of political change, passed away in New Delhi.
• Mr. Katyal had worked with various newspapers including The Statesman, Hindustan Times and The Hindu, where he had joined just after Emergency and retired on superannuation as Associate Editor in 2004.

1. Amazon announces $3 billion investment in India
• Inc, the world’s largest online retailer, will invest an additional $3 billion in India after the company exhausted its earlier investment pledge of $2 billion, piling pressure on local rivals Flipkart and Snapdeal to keep raising fresh funds.
• Amazon’s additional investment highlights the ultra-aggressive rate at which it is spending on discounts, advertising, logistics and other things to achieve its ambition of becoming the largest e-commerce company in India.
2. India, US announce $60 million clean energy financial support
• India and the US announced the setting up of two financial assistance programmes worth $60 million for supporting India’s much-needed clean energy initiatives including in solar power and other renewables.
• This includes the creation of a $20 million US-India Clean Energy Finance (USICEF) initiative, equally supported by the US and India.
3. ADB approves $100 mn loan for irrigation system in TN
• Multilateral lending agency Asian Development Bank has approved a USD 100 million (around Rs. 660 crore) loan to strengthen a key irrigation system and improve water management in the Vennar sub-basin of Cauvery Delta in Tamil Nadu.
• This project will support both physical improvements and stronger water management, giving a significant boost to the lives of coastal communities who often go without sufficient irrigation water.
4. Greenko raises $230 million from GIC, Abu Dhabi fund
• Greenko Energy Holdings has signed agreements for a primary equity rising of $230 million from an affiliate of GIC of Singapore and an entity that is ultimately wholly owned by the Abu Dhabi Investment Authority.
• After the GIC investment of $80 million in 2016, the ADIA entity will invest the remaining $150 million. Even after this transaction, GIC continues to be the majority shareholder of Greenko.
5. GMR Infra bags Rs. 2,281-crore worth eastern rail freight corridor projects
• GMR Infrastructure Ltd has been awarded two more packages worth Rs. 2,280.70 crore on the Eastern Dedicated Freight Corridor.
• The consortium has been issued a letter of award for construction of 221-km long corridor railway project on engineering, procurement and construction (EPC) mode.

1. India-US ink six agreements, including climate change and terrorism
• PM Narendra Modi and US President Barack were signed several agreements to boost bilateral ties in Washington DC.
• The agreements were signed in Terrorist Screening InformationClean Energy and Climate Change, cooperation on Energy Security among others.

1. Strategic partnership between Ministry of Skill Development and Entrepreneurship and Ministry of Civil Aviation to Boost to skill initiatives in aviation sector
• Airport Authority of India (AAI), National Skill Development Corporation (NSDC) and National Skill Development Fund (NSDF) signed for setting up skill development centers in the country for scaling up skill development initiatives in the aviation sector.
• Aim to skilled more than 1.04 crore youth last year in 2015-16 which is an incremental growth by 36.8% from the previous year. With contributions like these we are certain that we will be able to bring speed and scale along with standards to skill initiatives in the nation.
2. AYUSH minister to inaugurate National Health Editors’ meet on Yoga
• The Union Minister of State for AYUSH (Independent Charge), Shri Shripad Yesso Naik inaugurated the National Health Editors’ Conference on Yoga for Holistic Health-Recent researches, at National Media Centre.
• This programme would also serve as a “Curtain Raiser” for the forthcoming events of International Day of Yoga – 2016.
3. Union Government to form new reserve battalion named after Maharana Pratap
• A new Indian Reserve Battalion in Rajasthan will be named Maharana Pratap, the great warrior of Mewar region, by Union Home Minister Rajnath Singh.
• The Indian Reserve Battalion will be named after Maharana Pratap, a Rajput ruler who had fought against the Mughals and never bowed before them.
4. Government to launch e-commerce website its employees
• The Indian ecommerce space may soon have anew giant, if the government of India has its way. A portal called GeM, short for Government e-Marketplace, has been conceptualized by the government's central purchase arm to allow sarkari babus to make routine office purchases from cups and saucers to laptops and printers online.
• Officials estimate that expenditure on commonly used office items ranges between 10% and 20% of the government's non-plan expenditure, a figure which stands at Rs 14.28 lakh crore for fiscal year 2016-17. That translates to potential purchases of Rs 1.4-2.8 lakh crore. To put that in context, Flipkart was aiming to sell goods worth up to $12 billion (Rs 80,000 crore) by June 2016.
5. US returns 200 artifacts worth USD 100 mn to India
• The US returned over 200 cultural artefacts estimated at $100 million to India at a ceremony attended by Prime Minister Narendra Modi.
• Items returned included religious statues, bronzes and terra cotta pieces, some dating back 2,000 years, looted from some of India's most treasured religious sites.

1. Jayant Kapre quits as President of United Biscuits
• United Biscuits president Jayant Kapre has quit after leading the maker of McVities biscuits to an Rs 150 crore-plus company in six years.
• Kapre is joining American flavours maker International Flavors & Fragrances (IFF), a business-to-business supplier of flavours to makers of soft drinks, biscuits, confectionery and alcoholic beverages. He is taking over as managing director of the firm.

1. Thailand becomes first country in Asia to eliminate mother-child HIV spread
• Thailand has become the first country in Asia to eliminate mother-to-child transmission of HIV and syphilis, the World Health Organisation (WHO)
• The milestone is another step in Thailand's aggressive campaign to reduce new cases of the Aids virus

1. World’s 1st passenger drone cleared for testing
• The world's first passenger drone 'Ehang 184', capable of autonomously carrying a person in the air for 23 minutes flying at up to 100 km/h, has received clearance for testing in Nevada, US.
• Chinese firm Ehang, which unveiled the electric Ehang 184 passenger drone at CES in Las Vegas, has partnered with the Nevada Institute for Autonomous Systems (NIAS) and the Governor’s Office of Economic Development (Goed) to put the drone through testing and regulatory approval.
2. Maharashtra Naval Unit NCC Cadets get Sailing Experience Onboard INS Trikand
• A visit for NCC cadets of various Maharashtra NCC units (Mumbai, Ratnagiri, Pune, Nagpur) was organized by no 1 Maharashtra Naval unit NCC (no 1 MAH NU NCC).
• Total of 148 NCC cadets comprising 100 senior division boys and 48 senior wing girls along with 09 training staff embarked INS Trikand.

1. Second meeting of the Governing Council of the National Investment and Infrastructure Fund (NIIF)
• The Second Meeting of the Governing Council of National Investment and Infrastructure Fund (NIIF) was held under the Chairmanship of the Union Finance Minister Shri Arun Jaitley in order to review the status of actions taken for the operationalization of the NIIF and to provide the road map for further activities.
• The Governing Council was apprised of the interactions that have been held with a large number of long term investors, Sovereign Wealth Funds, Pension Funds from across the globe, seeking to invest in the NIIF.
2. Meeting of reconstituted Hindi Advisory Committee held
• Union Minister of State (Independent Charge) for Development of North Eastern Region (DoNER) Dr Jitendra Singh presided over a meeting of the Hindi Advisory Committee reconstituted under the auspices of Ministry of Personnel, Public Grievances & Pensions with the motive to promote the use of Hindi language in administration.
• In spite of government’s emphasis on increased use of Hindi in official work, still a lot needs to be done in this direction and this requires experimentation with new ideas and application of innovative strategies. Common colloquial Hindi used in routine conversation can be promoted to begin with.

1. World Brain Tumour Day is observed on June 08th
• World brain tumour day is observed on 8th of June every year since 2000.
• This day first observed by German Brain Tumour Association (Deutsche Hirntumorhilfe e.V.). This is a non-profit organisation which raises public awareness and educates people about brain tumour.
2. World Oceans Day is observed on June 08
• The World Oceans Day is being observed globally on 8th June every year
• World Oceans Day is an annual observation to honour the world's oceans, celebrate the products the ocean provides such as seafood as well as marine life itself for aquariums, pets and a time to appreciate its own intrinsic value.

1. Maria Sharapova banned for two years by International Tennis Federation for positive meldonium test
• Former world No 1 Maria Sharapova has been banned for two years by the International Tennis Federation (ITF) after failing a drug test.
• The ban was imposed on her Independent Tribunal of ITF appointed under Tennis Anti-Doping Programme found that she had committed an Anti-Doping Rule Violation.

1. Commerce Ministry approves establishment of Mega Leather Cluster at Nellore district, Andhra Pradesh
• The Ministry of Commerce & Industry has given approval to establishment of Mega Leather Cluster at Kota Mandal, Nellore district, Andhra Pradesh. Minister of Commerce & Industry Smt Nirmala Sitharaman has been approved the proposal for establishment of Mega Leather Cluster at Kota with a central government assistance of Rs 125 Crores.
• The project sanctioned under Indian Leather Development program would create state of the art infrastructure for labour intensive units and is expected to generate employment for 20,000 people and leverage an investment of at least Rs 500 Crores in the first phase itself.
2. TSSPDCL bags award
• The Southern Power Distribution Company of Telangana Limited (TSSPDCL) received the prestigious national award given by the Union Ministry of New & Renewable Energy under the “Discom-promotion/facilitation” category in New Delhi.
• The award was given to the TSSPDCL for its promotion of roof-top solar power projects and its Chairman and Managing Director G. Raghuma Reddy received the award from Union Minister for Power, Coal & Energy Piyush Goyal at a programme organized at Vigyan Bhavan in New Delhi.

1. Four Indians among forbes ‘The world’s most powerful women’ list
• The 2016 edition of Forbes's coveted 'World's 100 Most Powerful Women' list is out and it features four Indian businesswomen, namely Arundhati Bhattacharya (rank 25), Chanda Kochhar (rank 40), Kiran Mazumdar-Shaw (rank 77), and Shobhana Bhartiya (rank 93).
• The German Chancellor, Angela Merkel, sits right at the top - making this her sixth consecutive win. She is closely followed by presidential candidate Hillary Clinton at rank 2 and US Federal Reserve Chair Janet Yellen at rank 3.