Current Affairs Daily Updates June 14th 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!!!

APPOINTMENTS
1. Ranu Langthasa appointed as first woman chairperson of NCHAC in Assam.
• Ranu Langthasa was unanimously appointed as the chairperson of the North Cachar Hills Autonomous Council (NCHAC) in Assam.
• With this, she also became the first women chairperson to be appointed to the post since the formation of Autonomous Council in 1950s.

AWARDS & HONOURS
1. Ivory Coast honours President Pranab Mukherjee with its highest civilian Award.
• President Pranab Mukherjee was accorded with Grand Cross National Order of the Republic of Cote D'Ivoirie in a ceremony at the President's Palace in Abidjan. It is the highest civilian award of Ivory Coast.
• He received many honorary degrees but, it is the first such honour accorded to him by a country.
2. Anvitha Vijay: 9-yr-old Indian-origin youngest at Apple's WWDC.
• Anvitha Vijay, a nine-year-old Indian-origin girl is the youngest attendee at the Apple's annual Worldwide Developers Conference (WWDC).
• She has built several apps including Smartkins Animals and Smartkins Rainbow Colours, which helps kids, recognise over 100 animals and learn about different colours respectively.

BANKING
1. RBI introduces Scheme for Sustainable Structuring of Stressed Assets
• The Reserve Bank of India’s (RBI) new measure to tackle the pile of mounting bad loans in the banking system is not expected to be a game changer, say many analysts and bankers.
• They say the new norms (Scheme for Sustainable Structuring of Stressed Assets) address some of the issues faced in earlier strategic debt restructuring (SDR), where banks were unable to sell off the assets after taking management control of a company and converting debt into equity.
2. DCB Bank launches Aadhaar-based ATM in Bengaluru
• DCB Bank launched Bengaluru's first ATM that accepts Aadhaar number and Aadhaar fingerprint (biometric) instead of ATM/Debit Card and PIN to dispense cash.
• The "cardless and PIN less" ATM was launched by former Chairman of the Unique Identification Authority of India.
3. BRICS bank to issue maiden local currency bond
• The New Development Bank (NDB), established by the BRICS (Brazil, Russia, India, China and South Africa) countries plans its first bond as a Yuan-denominated issue in China.
• The bank will also issue bonds in other member countries in their local currencies to mitigate foreign currency risk of funded infrastructure projects.
4. Sovereign gold bonds' trading on exchange begins
• The first tranche of sovereign gold bonds issued last November, are trading at a huge premium to their issue price, quoting at the price prevailing in the spot market.
• The earlier expectation was that the bonds would trade at a discount to the market price, as the segment might not be so liquid.
• The first tranche of bonds, issued last November at Rs 2,684 per gramme, opened the BSE at Rs 2,986 and closed at Rs 3,180 a gm, almost seven per cent higher than the opening price, with 375 gms volumes in 29 trades.

DEATHS
1. Eminent Hindi writer Mudra Rakshasa passes away
• Distinguished Hindi writer, activist, thinker and cultural personality Mudrarakshasa passed away in Lucknow, Uttar Pradesh.
• His write-ups invariably hinged on various vital social issues and causes.
• He was the editor of Calcutta based magazine Anuvrata and was also associated with All India Radio (AIR) as Editor from 1962 to 1976.

ECONOMY
1.Microsoft to buy LinkedIn for $26bn
• Microsoft has struck a landmark deal to acquire LinkedIn for $26.2bn, its largest acquisition ever.
• The all-cash offer, which values LinkedIn’s fully diluted equity at $28.2bn, is also the biggest tech deal so far this year.
2. Government approves 2 FDI proposals worth Rs. 2.19 crore
• The government has approved two foreign direct investment (FDI) proposals and has recommended one for approval from the Cabinet Committee on Economic Affairs.
• The Centre cleared Aurobindo Pharma Ltd’s proposal worth Rs. 2.19 crore relating to grant of employee stock options to non-resident employees of the company.

INTERNATIONAL
1. India, EFTA agree to address issues to resume FTA talks
• India and the EFTA, a bloc of four European countries including Switzerland agreed to resolve the outstanding issues for resumption of long-stalled negotiations for a proposed free trade agreement.
• A meeting between the chief negotiators of India and European Free Trade Association (EFTA) was held to take stock of the ongoing negotiations for Trade and Economic Partnership Agreement (TEPA).
2. Israel Elected As Chair Of Permanent UN Committee For The First Time
• The United Nations General Assembly elected Israel to chair its Legal Committee, also known as the Sixth Committee.
• First time Israel, a country that has been routinely denounced by the U.N. for its settlement expansion activities in the West Bank, has been chosen to head one of its six permanent committees.
• The Sixth Committee overseas U.N. activities related to International laws.
3. India, Ghana sign three agreements
• India and Ghana signed three bilateral agreements to strengthen co-operation in varied fields.
• Ghana is the first country visited by the President during the six-day African tour.
• The three agreements signed with Ghana included one for visa waivers for holders of diplomatic and official passports and one for setting up a Joint Commission.

NATIONAL
1. Government Sanctions Rs. 164 Crore for Rajasthan, Rs. 156 Crore for Telangana for Compensatory Afforestation
• The Centre sanctioned Rs. 164 crore for Rajasthan and Rs. 156 crore for Telangana, following a meeting on Compensatory Afforestation Fund Management and Planning Authority (CAMPA) with the two States.
• Shri Javadekar expressed the hope that the Compensatory Afforestation Bill will be passed in the Monsoon session, making available more money for afforestation and related activities.
2. Ministry of Railways Signs JV Agreement with Government of Odisha
• Ministry of Railways signed a Joint Venture Agreement with Govt. of Odisha. This is a very important step for formation of Joint Venture Company for development of Railway Infrastructure in the State.
• The company shall identify projects to be developed and find avenues for financing of the same. Ministry of Railways and Govt. of Odisha shall be essentially funding part of such identified projects. Project specific SPVs shall be formed after financial closure of the project.
3. Gujarat Government to launch mobile app for delivery of common services
• The Gujarat government has decided to launch the mobile app ‘Digital Gujarat’. This app is to put most of the services on the fingertips of citizens, so that they don’t have to visit government offices.
• Initially, it would offer 30 services for which the citizens hitherto had to visit government offices or access the online portal digitalgujarat.gov.in.
• Using this app, people can apply for various services, such as ration card. Initially, the services available through the app would include procurement of ration card, senior citizen certificate, caste certificate, domicile certificate, income certificate, widow certificate, SC/ST certificate, non creamy-layer certificate and religious minority certificate.

PERSONS IN NEWS
1. Vijay Mallya declared as Proclaimed Offender by Money Laundering Court.
• Businessman Vijay Mallya was declared as a Proclaimed Offender by a special court for the Prevention of Money Laundering Act (PMLA) in Mumbai in a loan diversion case. The court issued proclamation under Section 82 of Criminal Procedure Code (CrPC) against Vijay Mallya.
• The move came after the Enforcement Directorate (ED), an investigation agency under the Union Finance Ministry filed a petition over a case where Mallya is suspected to have diverted a 430 crore rupees loan given by IDBI Bank Ltd to his Kingfisher Airlines Ltd.

PLACES IN NEWS
1. Government Approves Series of Measures for Conservation and Preservation of Lakes in Bengaluru
• The Government has approved a series of measures for the abatement of pollution and for the conservation and preservation of lakes in Bengaluru. The decision was taken at a meeting jointly chaired by Union Minister of Chemicals & Fertilizers, Shri Ananth Kumar.
• To initiate 24x7 online monitoring of all Sewage Treatment Plants (STPs), as well as lake water quality to be by concerned authorities in Bengaluru.
• The lakes will be restored in a bio-diverse manner in Public-Private Partnership mode.

SCIENCE & TECHNOLOGY
1. Hubble Clicks A Mysterious Solitary Dwarf Galaxy
• Hubble telescope of NASA captured the drizzle of stars scattered across this image forming a galaxy known as UGC 4879.
• The galaxy is smaller and messier than its cosmic cousins and lacks the majestic swirl of a spiral or the coherence of an elliptical.
2. Apple’s new desktop OS is “macOS Sierra”
• Apple launched a new version of its Mac operating system called 'macOS Sierra'.
• MacOS will also gain enhanced Continuity and iCloud drive support - Apple’s system that allows apps on iOS to link directly to the Mac versions using iCloud so that users can start something on one device and continue it on another.

SEMINARS & MEETINGS
1. Union Home Minister to chair meeting of Coastal States/UTs at Mumbai
• The Union Home Minister Shri Rajnath Singh will chair the meeting of Home Ministers, Chief Secretaries and Directors General of Police (DGPs) of Coastal States and Union Territories on June 16, at Mumbai.
• During the pre-lunch session of the meeting, there will be discussions on expeditious implementation of coastal security scheme, institutional set up in States/UTs to review coastal security, constitution of State Maritime Boards, security of non-major ports and single point mooring, coastal mapping, security of islands, distribution of Biometric Identity Cards and Card Readers, colour coding of boats, monitoring of fish landing points and crossing of International Maritime Boundary Line (IMBL) by fishermen.
2. Petroleum Minister Shri Dharmendra Pradhan to visit St Petersburg to represent India at the St Petersburg International Economic Forum
• The Minister of State (I/C) for Petroleum and Natural Gas Dharmendra Pradhan will be visiting St Petersburg, Russia from 16-17 June to represent India at the St Petersburg International Economic Forum (SPIEF).
• SPIEF is an annual international conference dedicated to economic and business issues.

SPECIAL DAYS
1. World Blood Donor day is observed on June 14th
• Every year on 14th June, countries around the world celebrate World Blood Donor Day (WBDD).
• Observance of the day seeks to spread awareness about the need for safe and secure blood supplies.

SPORTS
1. Indian men break 18-year-old national record in 4x400m relay
• The Indian men's 4x400m relay team has created a new national record, clocking 3:02.17 at the International Sprint and Relay Teams Cup at Erzurum, Turkey.
• It was previously record of 3:02.62 set at the 1998 Asian Games in Bangkok.

STATE
1. NITI Aayog gives nod for 2nd installment of Rs. 450 crore
• The Government of Telangana seeking the release of the 2nd installment of special assistance grant of Rs. 450 crore for development of nine backward districts of the State for the fiscal 2016-17.
2. TS has highest growth in religious tourism
• Telangana scored big on the religious tourism front last year as it bagged double the number of pilgrims from other States and abroad in 2015 when compared to 2014.
• Last year 1.2 crore tourists visited the State, including a whopping 36 lakh who had made trips to popular religious places including Buddhist and Jain sites spread across the 10 districts.

SURVEYS
1. Australian rodent named the 1st mammal to go extinct due to human-caused climate change
• Australian Great Barrier Reef rodent (also known as Bramble Cay melomys) has become the first mammal species driven to extinction by human-induced climate change.
• It is also the first recorded extinction of a mammal anywhere in the world thought to be primarily due to human-caused climate change.