Current Affairs Daily Updates June 13th 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. Peter Thomson of Fiji elected as President of 71st session of United Nations General Assembly.
• The United Nations General Assembly (UNGA) elected Peter Thomson, Permanent Representative of Fiji, as President of its upcoming 71st session.
• Thomson was elected in a rare secret ballot vote. He defeated Andreas Mavroyiannis of Cyprus by a secret-ballot vote of 94 to 90, with one abstention.
• The Fiji representative will replace current General Assembly President Mogens Lykketoft.

1. Indian Diabetes specialist Shashank S Shah wins Vivian Fonseca Scholar Award 2016
• Pune-based diabetes specialist Shashank S Shah was conferred with the Vivian Fonseca Scholar Award 2016.
• He was awarded at the ADA’s 76th Scientific Sessions from 10 June to 14 June 2016 in New Orleans.
• The award was given by American Diabetes Association (ADA) for his pioneering research on diabetes in South Asia.
2. Indian-American Author Akhil Sharma wins 2016 International Dublin Literary Award.
• Indian American author Akhil Sharma won the prestigious 2016 International Dublin Literary Award for his semi-autobiographical novel “Family Life.”
• His novel was shortlisted out of an initial 160 nominations by a panel of judges of award that included novelists Ian Sansom, Juan Pablo Villalobos and Carlo Gebler.

1. FPI limit in YES Bank hiked to 74%
• The Reserve Bank of India has notified the increase in the limits of foreign portfolio investors in YES Bank from 60 per cent to 74 per cent under the portfolio investment scheme.
• The increase follows the approval granted by the Cabinet Committee of Economic Affairs (CCEA) / Foreign Investment Promotion Board (FIPB) besides deregulation of FDI policy allowing fungibility across FDI / FPI limits.
2. IRDA approves a slew of new products
• Insurance regulator IRDA has ramped up new product clearances, signaling its commitment to improve life insurance penetration in the country.
• New insurance product approvals grew 46 per cent in 2015-16 to 227 from 155 in previous fiscal.

1. Former England cricket captain Donald Carr dead at 89
• Donald Carr, the former Derbyshire and England batsman who went on to become one of the most prominent administrators of the post-war era, has died at the age of 89.
• From 1974 to 1986, he had also served as the secretary of the Test and County Cricket Board (TCCB) and the Cricket Council.

1. Tata Power acquires Welspun’s renewable energy assets
• Tata Power Company renewables arm has signed an agreement with Welspun Energy Pvt Ltd to acquire its green energy portfolio for an estimated at Rs 10,000 crore ($1.4 billion).
• Tata Power Renewable Energy has signed share purchase agreement to buy Welspun Renewable Energy's 1.1 GW renewable portfolio in what would be the largest solar M&A in the country and also among the largest such renewable buyout in the whole of Asia.
2. KVGB plans to disburse Rs. 1,000 cr to MSME sector by December
• Karnataka Vikas Grameena Bank (KVGB), a Regional Rural Bank sponsored by Syndicate Bank, plans to disburse Rs. 1,000 crore to micro, small and medium enterprises (MSME) sector by December.
• The bank is already working on development initiatives for the benefit of MSMEs to fund 1,000 crore.

1. President Pranab Mukherjee leaves for 6-day tour of 3 African nations
• President Pranab Mukherjee embarked on a six-day visit to three African nations -- Ghana, Ivory Coast and Namibia to boost trade ties with these countries known for having "solid political system, where democracy has taken roots".
• The President is accompanied by Minister of State in the PMO Jitendra Singh and MPs S S Ahluwalia and Mansukh L Mandaviya.
2. Norway Becomes World’s First Country to Ban Deforestation
• Norway has become the first country to ban deforestation. The Norwegian Parliament pledged that the government’s public procurement policy will be deforestation-free.
• The step was taken by Norwegian Government based on official recommendations of Norwegian Parliament’s Standing Committee on Energy and Environment as part of the Action Plan on Nature Diversity.
3. India to provide Rs 48 mn aid for college building in Nepal
• India to provide financial grand of Rs 48.84 million to Nepal for the construction of a college. Indian Ambassador to Nepal Ranjit Rae laid foundation stone of the building for Koteshwor Multiple Campus in Kathmandu district.
• The campus building is constructed with financial aid from India and the project is being implemented through District Development Committee of Kathmandu.

1. Illegal use of name of Ministry of Youth Affairs & Sports, Govt of India by “The Scouts/Guides Organization”.
• “The Scouts/Guides Organization” having its headquarters at Vasundhara, Ghaziabad is misusing the name of Ministry of Youth Affairs & Sports, Govt of India in their letter head stating that it is affiliated with the Ministry of Youth Affairs & Sports.
• Ministry of Youth Affairs & Sports has informed to all general public and concerned authorities that ministry neither given any recognition or affiliation to The Scouts/Guides Organization nor is giving grant-in-aid to this organization to conduct scouting and guiding activities in any State/UT of the country.
2. Government constitutes Working Group to examine consequential issues arising out of amendments to India-Mauritius Double Taxation Avoidance Agreement and related issues
• With a view to examine the consequential issues arising out of amendments to India - Mauritius Double Taxation Avoidance Convention and related issues, a Working Group headed by Joint Secretary (FT&TR-II), CBDT and comprising of departmental officers and representatives of SEBI, custodians, brokerage firms and fund managers has been constituted.
• The Working Group will submit its report to the CBDT within 3 months, after examining the relevant issues.
3. Indian Railways launches Janani Sewa, optional catering Scheme on pilot basis.
• Railways minister Suresh Prabhu launched three passenger service initiatives a Janani Sewa for mothers, optional catering in Rajdhani and Shatabdi trains on a pilot basis and a children’s menu on trains.
• Under Janani Sewa, hot milk, hot water and baby food—to begin with—will be available at 25 railway stations including New Delhi, Mumbai, Howrah, Chennai, Surat and Lucknow. Originally, the service was meant to have been introduced on trains.
4. Jammu & Kashmir: All 'private airborne activity' near defence installations banned
• The Jammu and Kashmir government imposed a ban on all sorts of "private airborne activity" within a radius of one kilometre from any defence/security forces installation in Jammu for a period of 60 days.
• The ban has been imposed after the Indian Air Force (IAF) issued an alert that terrorists may use sub-conventional methods like paragliders, parachutes, air balloons etc. to target IAF, defence and police installations in near future.
5. Bihar education department initiates ‘Operation Clean Up’
• Education Department of Bihar has launched an initiative called ‘Operation Clean Up’ as part of the grand secular alliance government’s agenda to provide “quality education” in the state.
• Operation clean up’ in order to maintain the standard of education in the state.
• All the 228 B.Ed colleges will be probed. DMs and SPs have been asked to carry out a physical verification of these colleges.

1. Delhi Transport Minister Gopal Rai resigns.
• Delhi Transport Minister Gopal Rai resigned citing poor health.
• Rai recently underwent major surgery to remove a bullet that had been lodged in his neck for 17 years.
• His resignation was accepted by Delhi chief minister Arvind Kejriwal who gave his portfolio to cabinet colleague Satyendar Jain.

1. Kashmiri Pandits Arrive In Valley To Celebrate Annual Kheer Bhawani Festival
• Kheer Bhawani festival is celebrated annually on the eighth day of the lunar fortnight of ‘Jaishtha‘month in the Hindu almanac.
• Thousands of Pandits are arriving in Kashmir to celebrate the annual Mata Kheer Bhawani festival that symbolises Valley's religious harmony.
2. Vaishno Devi shrine sets new record, over 51,000 pilgrims visit in single day
• In Jammu and Kashmir, Mata Vaishno Devi pilgrimage set a new record when the number of pilgrims performing darshans of the holy cave crossed 51 thousand.
• During normal days 25,000 to 30,000 pilgrims pay obeisance to the Goddess while the number goes up to 35,000 or 40,000 in the weekends.

1. US successfully launches world's largest rocket
• The world's largest rocket is set to launch a secret spy satellite to space from Florida
• The exact details of its intelligence agency cargo is something that the US government is keeping a closely guarded secret.
• The United Launch Alliance (ULA), a joint space delivery service by aerospace giants Lockheed Martin and The Boeing Company, carried out the launch of a Delta IV Heavy rocket.
2. China launches 23rd navigation satellite BeiDou Navigation Satellite
• China has launched its 23rd satellite it the BeiDou Navigation Satellite System (BDS).
• The satellite was launched from the Xichang Satellite Launch Center in southwest China’s Sichuan Province on board of Long March-3C carrier rocket.
• The 23rd satellite in the BeiDou Navigation Satellite System, which is being developed as an alternative to GPS (Global Positioning System) of US. It was the 229th launch of the Long March carrier rocket.

1. Two Day Conference of States Power Ministers to be held in Goa
• A two day conference of Power, Renewable Energy & Mines Ministers of States & Union Territories will be held on 16th & 17th of this month in Goa.
•The Conference will be inaugurated by Shri Piyush Goyal, Union Minister of State (IC) for Power, Coal and New & Renewable Energy.

1. International Albinism Awareness Day is observed on June 13th
• The United Nations' General Assembly established June 13th as International Albinism Awareness Day (IAAD).
• The day is observed to recognize the importance of increasing awareness and understanding of albinism.

1. Lewis Hamilton wins 2016 Canada Grand Prix of Formula One
• Three-time world champion Lewis Hamilton clinched pole at the 2016 Canadian Grand Prix in Montreal, ahead of Mercedes teammate Nico Rosberg.
• Canada Grand Prix was the seventh race of the 2016 season and was held at the Circuit Gilles Villeneuve in Montreal.
2. USA women win third straight FINA world league super final gold medal
• The USA Women’s Senior National Team won gold at the FINA Women Water Polo World League Super Final. The team defeated Spain in the championship match in Shanghai, China.
• The U.S. women have made it to the gold-medal match all but two times, in 2005 when they did not medal at all, and in 2013, when they won bronze.
• This victory marks the United States’ third straight FINA World League Super Final title and 10th overall.

1. Mahila e-Haat to tie-up with e-commerce firms
• Ministry of Women and Child Development (WCD) is planning to tie-up with e-commerce firms like Amazon and Flipkart for its online portal Mahila e-Haat wherein women get a platform to market their produce they may make sitting at home.
• This portal has the power to change a village woman’s life. Till now women from 17 States with around 10,000 self-help groups covering 1.25 lakh women beneficiaries are a part of this initiative.
2. Rs. 5,000 cr. to develop infra at schools
• Government will be pumping in about Rs. 5,000 crore for the development of government schools. The funding will be utilized for development of infrastructure such as toilets, classrooms, furniture, laboratory equipment and library.
• The focus is on developing government schools so that parents would prefer admitting their children into government-run schools over the highly-priced private schools.