Current Affairs Daily Updates June 23rd 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. Anil Kumble is Team India's head coach
• The Board of Control for Cricket in India (BCCI) has appointed former spinner Anil Kumble (45) as the head coach of Indian Cricket Team. He will have tenure of one year.
• The decision of his selection was taken in the BCCI working committee meeting in Dharamshala, Himachal Pradesh by the Cricket Advisory Committee comprising Sachin Tendulkar, VVS Laxman, Saurav Ganguly and Sanjay Jagdale, the Chief Co-Coordinator.

1. IIT-Kanpur professor Sanjay Mittal awarded 2015 GD Birla Award
• IIT-Kanpur professor Sanjay Mittal has bagged the prestigious G D Birla Award for Scientific Research for 2015.
• He has been bestowed with this award for his significant contributions have been in the area of Mechanics.
• Mittal was instrumental in establishing the High Performance Computing (HPC) facility at IIT Kanpur and heads the National Wind Tunnel Facility.

1. RBI releases framework on payments systems
• Reserve Bank of India (RBI) released its framework for Payment and Settlement Systems in India, with a view to moving towards a cashless society and ensuring access of mobile banking services to even basic phone users.
• The Vision-2018 reiterates commitment of RBI to encourage greater use of electronic payments by all sections of society to achieve a less-cash society.
2. Exim Bank seeks additional Rs. 800 crore from Centre
• The Export-Import Bank of India (Exim Bank) has sought additional equity infusion from the Centre this fiscal. The specialized lending institution has so far received about Rs. 500 crore and is seeking an additional Rs. 800 crore.
• Last fiscal, Exim Bank disbursed about Rs. 50,000 crore, clocking a growth of around 18 per cent; it secured around Rs. 1,300 crore in fresh equity from the Centre.
3. SEBI eases trading norms for currency derivatives
• In order to ease trading in the currency derivatives segment, capital market regulator SEBI has clarified that while the position limit linked to open interest shall be applicable at the time of opening a position, it need not be unwound if there is a drop of total open interest in a currency pair at the stock exchange.
• For different types of clients in different currency pairs, exchanges have limits on their gross open positions. The open interest refers to the number of futures and options contracts outstanding at a given point in time.

1. Famed Pakistani qawwal Amjad Sabri shot dead in Karachi
• Amjad Sabri of the Qawwali group Sabri Brothers was shot dead in Karachi after two bike-borne gunmen opened fire at his car in Liaquatabad area.
• Sabri and his late father, Ghulam Farid Sabri, were well-known qawwali singers - a style of music rooted in Sufism, or Islamic mysticism - that is popular across South Asia with roots tracing back to the 13th century.

1. Tech Mahindra Ltd acquires UK-based BIO Agency Ltd
• Tech Mahindra has snapped up digital transformation firm UK-based entity BIO Agency for 40 million pounds in an all-cash deal to expand its digital portfolio.
• The consideration is the enterprise value of 40 million pounds plus surplus cash not exceeding 5 million pounds as at the completion date. The payment of 22 million pounds and the surplus cash will be made upfront and the balance as deferred payments based on the company performance.
2. Government extends date for reporting accounts details under Foreign Account Tax Compliance Act (FATCA)
• The revenue department has extended the date for reporting details of accounts under Foreign Account Tax Compliance Act (FATCA) by six months to 2016, and excluded two types of entities from the purview of the Act.
• Under the amended rules, the reporting of the high value account as 2015, by foreign financial institutions based in India under FATCA should be completed by December 31, 2016, instead of June 30, 2016.

1. India, Switzerland enhance cooperation in skill development
• India and Switzerland signed a Memorandum of Understanding (MoU) to establish formal cooperation in the fields of skills development ,vocational ,professional education and training.
• The MoU was signed between Switzerland’s State Secretary Mauro Dell’ Ambrogio and Union Minister for Skill Development and Entrepreneurship Rajiv Pratap Rudy in Winterthur.
2. Colombia government, FARC rebels sign ceasefire
• Colombia’s government and the FARC guerrilla group reached agreement on a definitive ceasefire in Latin America’s longest civil war.
• The national government and FARC delegations inform the public that they have successfully reached an agreement for a definitive bilateral ceasefire and end to hostilities.

1. ‘Make in India’ conference on Enabling Spacecraft Systems Realization through Industries
• The “Make in India” Conference on Enabling Spacecraft Systems Realization through Industries (ESSRI - 2016) was organized at ISRO Satellite Centre, Bangalore.
• The Conference was organized to elicit industry support for spacecraft realization on an end-to-end basis to meet the rapidly increasing national demand for space based services and the realization of Prime Minister’s objective of “Make in India”.
2. Foundation of Advanced Technology Research Centre Laid in Kolkata
• Heralding a new era of DRDO-Academia Partnership, Defence Research & Development Organization (DRDO) signed a Memorandum of Understanding (MoU) with Jadavpur University (JU), Kolkata to establish the Jagadish Chandra Bose Centre for Advanced Technology (JCBCAT).
• The Centre will strengthen DRDO’s relationship with Jadavpur University and with other academic research institutions in the region. DRDO scientists and engineers will get the opportunity to work with the faculty and scholars of the university towards addressing scientific problems and finding innovative solutions.
3. Pilot Programme to run two wheelers on CNG launched by Shri Dharmendra Pradhan & Shri Prakash Javadekar
• Minister of State for Petroleum and Natural Gas (I/C) Shri Dharmendra Pradhan and Minister of State (I/C) for Environment, Forests & Climate Change Shri Prakash Javadekar launched first of its kind Pilot Programme in the country to run two wheelers on Compressed Natural Gas (CNG) in New Delhi.
• The scooters are being retrofitted with CNG kit manufactured by M/s Ituk Manufacturing India Pvt. Ltd. The type approval of the CNG kit has been taken from Automotive Research Association of India (ARAI) as well as Transport Department, Govt. of NCT of Delhi.

1. M S Dhoni becomes brand ambassador of Exide Life Insurance
• Exide Life Insurance has announced that they have signed India's ODI and T20 cricket captain Mahendra Singh Dhoni as its brand ambassador.
• The Cricketer will feature in the company’s marketing campaign Lamba saath, bharose Ki baat (Long term relationships build trust). This is his first endorsement deal in the insurance category.

1. Foundation of Advanced Technology Research Centre Laid in Kolkata.
• Heralding a new era of DRDO-Academia Partnership, Defence Research & Development Organisation (DRDO) signed a Memorandum of Understanding (MoU) with Jadavpur University (JU), Kolkata to establish the Jagadish Chandra Bose Centre for Advanced Technology (JCBCAT).
• Secretary, Department of the Defence R&D and Director General, DRDO Dr. S Christopher laid the foundation of the Advanced Technology Research Centre at the university campus in Kolkata.

1. World’s first 1000-processor microchip ‘Kilo-core’ developed by Scientists
• The US scientists unveiled a microchip, named KiloCore, containing 1000 independent programmable processors.
• It is capable of processing up to 1.78 trillion instructions every second.
• The chip has been designed by a team at the University of California, Davis, Department of Electrical and Computer Engineering.
2. CRISPR gene-editing approved for cancer treatment trial
• A federal advisory committee of US National Institutes of Health has approved a proposal for using the CRISPR CAS-9 genome editing tool in clinical trials on humans.
• The proposal is to test the treatment of cancer by picking out T-cells, which are a special type of immune cells found in the body, from patients with cancer and to modify the T-cells and use them to target the cancer cells.

1. SCO summit to begin in Tashkent, Uzbekistan
• The Shanghai Cooperation Organisation (SCO) is a Eurasian political, economic, and military organisation which was founded in 2001 in Shanghai by the leaders of China, Kazakhstan, Kyrgyzstan, Russia, Tajikistan, and Uzbekistan.
• The 2016 Shanghai Cooperation Organization (SCO) summit started in Tashkent, Uzbekistan.
2. ‘Make in India’ conference on Enabling Spacecraft Systems Realisation through Industries
• The “Make in India” Conference on Enabling Spacecraft Systems Realisation through Industries (ESSRI - 2016) was organised at ISRO Satellite Centre, Bengaluru.
• The Conference was organized to elicit industry support for spacecraft realisation on an end-to-end basis to meet the rapidly increasing national demand for space based services.
• About 110 Industries in aerospace business participated in the Conference.
3. India and UK join hands to work as R&D partners in Solar Alliance and Nano Material Research
• Union Minister for Science & Technology and Earth Sciences, Dr. Harsh Vardhan led the Indian delegation at the 5th Indo-UK Science and Innovation Council Meeting (SIC) held at London, co-chaired by Mr. Jo Johnson, Minister of State for Universities and Science, UK.
• Dr. Harsh Vardhan stated that India and UK have agreed to work together in two major initiatives in the fields of Solar Energy and Nano Material Research, inter alia.

1. UN Public Service Day is observed on June 23rd
• The United Nations Public Service Day is celebrated on June 23 of every year. The prestigious UN Public Service Awards are given away on this day.
• The day seeks to mark the invaluable contributions of public servants and administrators to build a better world for all.
2. International Widows’ Day is observed on June 23rd
• International Widows’ Day occurs annually on the 23rd day of June to recognize the plight of the millions of widows across the globe that experience economic and social deprivation after losing their husbands.
• Widow women have to suffer complete social exclusion. Abuse of widows and their children constitutes one of the most serious violations of human rights and obstacles to development.

1. Mary Kom denied wild card for Rio Olympics.
• The chairman of AIBA and the ad-hoc committee, Kishen Narsi confirmed that veteran pugilist M.C. Mary Kom has been denied the wild card into the Rio Olympics.
• In a last-ditch attempt to fetch Mary Kom a Rio Olympics berth, the Indian Olympic Association and the ad-hoc committee administering boxing in the country had sent a a wild card request for the celebrated boxer, who could not make the cut via qualifiers.
2. India wins three matches T20 series with Zimbabwe.
• India pipped Zimbabwe by three runs to win the three-match T20 series 2-1 at the Harare Sports Club in Harare, Zimbabwe.
• Riding on Kedar Jadhav's brilliant 42-ball 58, India managed to post 138/6. In reply, Timycen Maruma's 13-ball 23 not out almost helped Zimbabwe chase down the target but they fell short by three runs
3. Andy Murray sets Queen's Club record after re-uniting with Ivan Lendl.
• Andy Murray took the coveted Queen's Club title for a record fifth time to surpass a group of tennis greats including his final opponent Milos Raonic's new coach John McEnroe.
• The American legend is helping Raonic through Queen's and Wimbledon and was watching on as world number two Murray recovered from a set down to beat his new charge in a gripping encounter.
4. Anju Bobby George resigns as Kerala Sports Council President.
• Former India athlete and sports activist Ashwini Nachappa termed ace long jumper Anju Bobby George's resignation from Kerala Sports Council as "unfortunate" stating that it again proved that there is "more politics in sport than in politics."
• The 1990 Asian Games silver medalist is of the view that drug menace has become rampant across sporting disciplines.

1. Pharma college signs MoU with Poland institution
• KVSR Siddhartha College of Pharmaceutical Sciences in city has signed a Memorandum of Understanding with Faculty of Pharmacy, University of Gdansk, Poland.
•The move is aimed at internationalization of higher education and research as the institutions have agreed for exchange of faculty members, students and PhD candidates for lectures, study and research programmes.