Current Affairs Daily Updates June 24th 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. Syria's Assad appoints new prime minister
• Syrian President Bashar al-Assad was named electricity minister Imad Khamis as the new prime minister of the war-ravaged country.
• The 54-year-old engineer replaces Wael al-Halqi who had held the post since August 2012.

AWARDS & HONOURS
1. International Indian Film Academy IIFA Awards 2016 presented
• The 17th International Indian Film Academy (IIFA) Awards 2016 were presented in Madrid, Spain.
• The awards were presented by the International Indian Film Academy honouring the best Hindi films of 2015.
List of 2016 IIFA Awards:
• Best Film: Bajrangi Bhaijaan
• Best Director: Sanjay Leela Bhansali (Bajirao Mastani)
• Best Actor (Male): Ranveer Singh (Bajirao Mastani)
• Best Actor (Female): Deepika Padukone (Piku)

BANKING
1. RBI allows start-ups to open currency account abroad
• Reserve Bank allowed startups with an overseas subsidiary to open foreign currency accounts abroad to credit foreign exchange earnings from exports and sales made by them.
• In line with the Government of India's start-up initiative, it has been decided that an Indian startup, having an overseas subsidiary, may open a foreign currency account with a bank outside India for the purpose of crediting to the account foreign exchange earnings out of exports/sales.

DEATHS
1. Quiz master, educationist Neil O'Brien passes away
• Pioneer of Indian quizzing, Neil O'Brien passed away aged 82 in Kolkata.
• One of the first quiz masters Neil O'Brien had conducted the first well-organised, formal quiz in 1967 at Christ the King Church Parish Hall in the city.

ECONOMY
1. AIIB approves first loans for projects in four countries
• Pakistan, Bangladesh, Indonesia and Tajikistan will get the first set of loans totaling $509 million from China sponsored Asian Infrastructure Investment Bank (AIIB) in which India is a founding member.
• The Beijing based AIIB will disburse $509 million to finance four projects in the four countries.
2. InMobi faces $950,000 fine in US for ignoring privacy policies
• Mobile ad tech firm InMobi, one of the earliest Indian unicorns, received a major blow as the US Federal Trade Commission asked the company to pay $950,000 in civil penalties on charges that it deceptively tracked the locations of hundreds of millions of consumers without their knowledge. InMobi acknowledged the violation, calling it a ‘technical error’.
• The FTC alleged that InMobi’s advertising software tracked consumers’ locations whether or not the apps using InMobi’s software asked for consumers’ permission to do so, and even when consumers had denied permission to access their location information.

INTERNATIONAL
1. China's first dark sky reserve launched in Tibet
• China launched its first “dark sky reserve” for astronomical observation in the Tibetan prefecture of Ngari, bordering Nepal and India.
• The reserve covers an area of 2,500 sq.km and aims to limit light pollution by stepping up protection of dark-sky resources for education and tourism development.
2. Sweden Opens World’s First Electric Highway
• Sweden inaugurated a test stretch of an electric road, making it one of the first countries in the world to conduct tests with electric power for heavy transports on public roads.
• The line can provide up to 750 volts dc of electricity to a trucks.

NATIONAL
1. Union Textiles Minister inaugurates Training Programme for Scheduled Castes Handloom Weavers in Odisha
• The Union Textiles Minister Shri Santosh Kumar Gangwar inaugurated 45-day long skill up gradation training programme for Scheduled Caste handloom weavers belonging to Sohlela Block in Bargarh district of Odisha.
• The Minister also gave away the certificates to pass outs of the first Handloom Entrepreneur training course. The Minister also handed over the sanction letters to handloom weavers under Pradhan Mantri Weaver MUDRA Scheme.
2. MoU signed between RD Ministry & ISRO for geo-tagging assets
• A Memorandum of Understanding was signed between the Rural Development Ministry and ISRO, Department of Space for geo-tagging the assets created under MGNREGA in each gram panchayat.
• Around 30 lakh assets are created annually across the country under the rural job scheme and the Ministry has decided that through convergence with other schemes, the geo-tagging of such assets will be done on a mission mode.
3. Maharashtra districts get own disaster plans
• In anticipation of an ‘above normal’ monsoon prediction by IMD this year, the Maharashtra government has ensured that all 36 districts in the state have their own disaster management plans.
• The plan deals extensively with the emergency and evacuation measures to be taken up in cases of heavy downpour, flash floods, landslides, lightning strikes and other natural calamities.
4. Mobile van to teach disabled kids in Chandigarh
• Chandigarh administrator Kaptan Singh Solanki flagged off a mobile van to provide home-based education to disabled children.
• Named Kalam Express, the van will work six days in a week and will have an educator and a physiotherapist will comprise an LCD screen, a visual projector, books and toys.
5. Haryana to provide 100% rebate in property tax
• Haryana government has decided to provide hundred per cent rebate in property tax for residential, commercial, institutional and other properties.
• The rebate would be given for a period of one year. A notification to this effect has been issued by the Urban Local Bodies Department.

PERSONS IN NEWS
1. Indian-origin lawyer Yasmin Sooka to chair panel on human rights in South Sudan
• Yasmin Sooka, the South African Indian-origin lawyer and long-time human rights activist, was appointed to chair a UN commission.
• The commission will monitor the human rights situation in South Sudan and make recommendations for their improvement.

PLACES IN NEWS
1. Mahashangarh declared as the SAARC cultural capital
• Mahasthangarh, the 3rd century BC archaeological site in Bogra, Bangladesh, has been declared as the South Asian Association of Regional Cooperation (SAARC) cultural capital for the year 2016-17.
• As a SARRC cultural capital, the historic place will host festivals on literature, films, foods and dances from October 2016 to September 2017.
• The year 2016-17 has also been declared the SAARC Year of Cultural Heritage.
2. Greater Noida to develop eco park akin to forest reserves in Paris
• 2,500-acre ecological park to be developed in Greater Noida will be made using the Paris models of forest reserves.
• The green cover is to be developed on an international level. A consultant has already been appointed for the project.
• Green expanse will be created in three phases and will have a butterfly park and bird lake park. Many varieties of trees and plants, besides clusters of bamboo plants, which will add to the city's green canopy, will be planted.

SCIENCE & TECHNOLOGY
1. NASA Scientists Discover Unexpected Mineral on Mars
• NASA Scientists have discovered an unexpected mineral in a rock sample at Gale Crater on Mars, a finding that may alter our understanding of how the planet evolved.
• A finding that suggests the red planet hosted explosive volcanoes during its evolution.
2. Alphabet expands Google Fiber and introduces a new robot:
• Google's holding company, Alphabet recently unveiled 'SpotMini', a home robot dog made by its subsidiary Boston Dynamics.
• SpotMini is the quietest and smallest Boston Dynamics robot yet, designed to navigate within the tight confines of a home and able to shimmy under tables and pick up objects with its articulated arm.

SEMINARS & MEETINGS
1. India, Uzbekistan step up security cooperation
• Prime Minister Narendra Modi held a meeting with Uzbekistan President Islam Karimov during which the two leaders called for more security cooperation to further expand and strengthen bilateral relations.
• During the meeting, the two leaders recalled old historical and cultural connections and discussed ways to further expand and strengthen relations.
2. Ministry of Railways organizes an interactive seminar with major industries and stakeholders of Indian Railways freight business.
• The theme of the seminar was “LOOKING BEYOND COAL-GROWTH STRATEGIES FOR RAILWAYS IN A CHANGING ENVIRONMENT”.
• An interactive seminar with major industries and stakeholders of Indian Railways freight business was organized.

SPORTS
1. Russian hockey winger playing for the Chicago Blackhawks has won the 2015-2016 Calder Memorial Trophy.
• The 24-year-old winger is the first Blackhawk to win the award since Patrick Kane in 2008.
• Chicago Blackhawks winger Artemi Panarin won the 2015-16 Calder Memorial Trophy, awarded "to the player selected as the most proficient in his first year of competition," it was announced at the NHL Awards at the Hard Rock Hotel and Casino in Las Vegas.
2. Harika wins Eurasian Blitz.
• D. Harika added another feather to her cap by winning the women’s title in the Eurasian Blitz chess tournament in Kazakhstan.
• The India No. 2 player picked up a cash prize of $2,500 and 60 Elo points to regain her position in the top 10.
3. Manoj Kumar and Vikas Krishan secure Rio 2016 Olympics berth.
• Manoj Kumar and Vikas Krishan became the latest Indian boxers to qualify for Rio 2016 Olympics. Manoj won quarterfinal bout against Tajikistan’s Rakhimov Shakvakatdzhon to win 3-0 in the AIBA World Olympic qualification event in Baku, Azerbaijan.
• Indian boxer Vikas Krishan has settled for a bronze medal in the 75kg category at the International Boxing Association's (AIBA) World Qualifying Tournament.At Baku, Azerbaijan.

STATE
1. Austria to share technology with Andhra Pradesh in agriculture, water purification
• Austria came forward to extend advanced technology for development of agriculture and water purification in AP. Members Austrian delegation led by Georg Zehetner, Minister Plenipotentiary and Deputy Head of Mission, Austrian Embassy met the Chief Minister N Chandrababu Naidu at his camp office.
2. Telangana to join Centre's Uday scheme
• Telangana will join the Uday programme, which was introduced by the Government to bailout electricity distribution companies from their losses.
• Chief Minister Chandrasekhar Rao welcomed the FRBM relaxations which provide loans to the distribution companies.
• Union Power Minister Piyush Goel agreed to give more funds under the Din Dayal Upadhyaya Scheme and also to give more coal for power projects in Telangana.
3. Britain offers cooperation for development of Andhra Pradesh
• The British High Commissioner met Chief Minister N Chandrababu Naidu at his residence and gave a presentation on the Britain investment opportunities in State.
• Britain would offer its expertise in public transport and encourage industrialists to invest in State and cooperation for skill development, medical services, IT and infrastructure development in State.

SURVEYS
1. Asian millionaires now the wealthiest in the world.
• Asian millionaires now control more wealth than their peers in North America, Europe and other regions, according to a new World Wealth Report from Capgemini, a consulting group.
• Asian millionaires saw their wealth jump by 9.9% in 2015, while poor performance in the equity markets in the United States and Canada slowed growth in North America to a sluggish 2.3% last year.