Current Affairs Daily Updates June 25th 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. Nokia appoints Sanjay Malik as India head
• Nokia has announced the appointment of Sanjay Malik as the head of Indian market.
• Malik is currently Head of Network Implementation (NI) at Nokia Global Services and is credited with efficiently driving growth and delivering strong performance both in terms of revenue and operational efficiency.

AWARDS & HONOURS
1. Social entrepreneur Zubaida Bai wins UN honour for corporate sustainability initiative
• An Indian social entrepreneur Zubaida Bai, has been named among 10 "champions and pioneers" by United Nation chief Ban Ki-moon under the world's largest corporate sustainability initiative that calls on companies to align with universal principles of human rights, environment and anti-corruption.
• Zubaida Bai is the founder of 'AYZH', a for-profit social venture providing health and livelihood solutions to impoverished women worldwide, was named among the 10 '2016 Global Compact SDG Pioneers', an initiative launched by UN to search for "entrepreneurs" who can play a pivotal role.

BANKING
1. Andhra Bank looking to raise capital
• Andhra Bank will seek shareholders’ nod to enable it to raise capital through a qualified institutional placement or a follow-on public offer.
• In a notice to shareholders, the bank proposes to raise capital through QIP/follow-on public offer in such a manner that the government’s stake in the paid-up capital of the bank does not go below such percentage as may be decided by the government.
• The present paid-up capital of the bank is Rs. 681.16 crore.

DEATHS
1. Odia writer Mohapatra Nilamani Sahoo passes away
• Eminent Odia writer Mohapatra Nilamani Sahoo passed away
• A recipient of many awards and recognition for his literary works, Sahoo was bestowed with the Orissa Sahitya Akademi Award in 1979 for his story book 'Akasha Patata'.
• For 'Abhisapta Gandharba' (a compilation of short stories), he received the Sarala Award in 1983 and Kendra Sahitya Akademi Award for the same book in 1984.

ECONOMY
1. ADB extends $500-million loan for river bridge in Bihar
• Asian Development Bank has approved $500 million (approximately Rs 3350 crore) loan for constructing a bridge across Ganga.
• Once built, the 9.8 km road bridge in Bihar will be country’s longest river bridge. The bridge would provide vital transport links between the northern and southern parts of the state and with neighbouring country Nepal.
2. Indiabulls Housing Finance to raise Rs. 300 cr via NCDs
• Indiabulls Housing Finance Ltd is planning to raise Rs. 300 crore by issuing Unsecured Non-Convertible Redeemable Debentures (Tier II) in the nature of subordinated debt on private placement basis.
• The housing finance company informed the BSE that it will be issuing 30,000 debentures (of 10 years maturity) in the nature of subordinated debt with a face value of Rs. 1 lakh each aggregating Rs. 300 crores (plus greenshoe option).
• As per the terms of the issue, the debentures will carry a coupon rate of 9.30 per cent per annum.

INTERNATIONAL
1. Sri Lankan Parliament passes Right to Information bill
• Sri Lanka parliament voted in favour of a Right to Information (RTI) bill, the RTI bill was unanimously passed in parliament.
• The RTI bill seeks to give citizens access to public information which is in the possession, custody or control of a public authority.
• The Right to Information (RTI) bill aimed at restoring transparency and good governance in the country.
2. The UK's EU referendum
• The British people have voted to leave the European Union after a historic Brexit referendum.
• In the Brexit referendum, the ‘Leave’ side won decisively by securing 51.9% of the total votes overturning ‘Remain’ side which secured 48.1% votes.
• Britain voted to end its 43-year old association with the European Union in a landmark referendum.
3. Nepali migrants banned from working in Afghanistan, Iraq, Libya and Syria
• Nepal has banned its nationals from working in Afghanistan, Iraq, Libya and Syria after 13 Nepali security guards were killed by a Taliban suicide bomber in the Afghan capital.
• The decision comes after a parliamentary panel ordered Prime Minister K.P. Oli's government to crack down on traffickers who send thousands of migrants each year to conflict-torn countries where they can often face danger or exploitation.

NATIONAL
1. Arunachal to opt for e-governance, go paperless
• The e-Governance initiative by the Arunachal Pradesh government is all set to go paperless.
• The e-Office suite would be made functional in the State Civil Secretariat after which there would be no manual movement of file.
• A comprehensive training module would be put in place to train all users of this application. Digitization of legacy data would be undertaken to ensure continuity.
2. Union Government approved setting up of District Level Advisory and Monitoring Committees
• Union Ministry of Urban Development has approved the setting up of District Level Advisory and Monitoring Committees to promote people centric planning and execution of new urban development schemes.
• These committees will comprise of elected representatives of the country, thus giving Members of Parliament (MP) and Members of Legislative Assembly (MLA) a say in the implementation of the urban development schemes.
3. Odisha approves 500 new gram pancahyats
• Odisha government approved a proposal of the Panchayati Raj department to add 500 new gram panchayats before the 2017 three-tier panchayat polls.
• The decision has been taken based on the recommendation received from the district level.

PLACES IN NEWS
1. Three-day Summer Festival inaugurated in Delhi
• The Delhi Deputy CM Manish Sisodia inaugurated a three-day summer festival at Dilli Haat in Janakpuri.
• The 28th edition of the festival, previously known as the Delhi Mango Festival, also features other summer fruits, beverages, ice creams, cultural and entertainment programmes.
2. PM attends First Anniversary Celebration of Smart Cities Mission and AMRUT in Pune
• The Prime Minister, Narendra Modi attended the first anniversary celebration of the Smart Cities Mission and AMRUT, in Pune.
• The Chief Ministers of Andhra Pradesh, Odisha and Rajasthan, joined the event through live video conferencing from Visakhapatnam, Bhubaneswar and Jaipur respectively.

SCIENCE & TECHNOLOGY
1. Bristol scientists develop new stem cell bio-ink for 3D printed
• Scientists from University of Bristol have found a new bio-ink for 3D printing with stem cells that allows printing of living tissue known as bio-printing.
• The new bio-ink contains two different polymer components: a natural polymer and a sacrificial synthetic polymer.
2. World's most formidable supersonic cruise missile BrahMos integrated on Su-30MKI
• BrahMos Aerospace for the first time successfully demonstrated integration of the world’s most formidable supersonic cruise missile system BrahMos on the Sukhoi SU-30 MKI fighter aircraft.
• The demonstration flight was carried out at Hindustan Aeronautics Limited (HAL) in Nashik.
Seminars & Meetings
1. Six States/UTs signed 24×7 “Power For All” documents during two days states Power Ministers' Conference in Goa
• Three States Mizoram, Jammu & Kashmir and Arunachal Pradesh and three Union Territories Delhi, Daman & Diu and Dadra & Nagar Haveli have signed the 24x7 “Power For All” (PFA) documents.
• These PFA documents were signed in presence of PiyushGoyal, Minister of State (IC) for Power, Coal, New & Renewable Energy during two day States Power Minister’s Conference held at Goa.

SPORTS
1. BCCI to host mini IPL overseas in September.
• BCCI has announced its plans to hold a mini-IPL in September 2016, using the window once allotted for the defunct Champions League Twenty20.
• Anurag Thakur, the BCCI president, confirmed the development in Dharamsala, where the board is conducting its first annual cricket conclave, and that exact dates and venues will be determined later.
2. Dutee Chand awarded Rs 50,000 for qualifying for Rio 2016 Olympics.
• Dutee Chand became the first Indian female athlete in 36 years to qualify for 100m dash in Olympics as she booked a Rio berth.
• Odisha Chief Minister Naveen Patnaik congratulated sprinter Dutee Chand for having qualified for Rio Olympics.
3. 4th edition of Pro Kabaddi league to kick starts.
• The fourth edition of Pro Kabaddi league will kick start in Mumbai. The matches will be hosted across seven cities including Mumbai, Hyderabad, Bengaluru, Kolkata, Jaipur, Patna and Delhi.
• Puneri Paltan will take on Telugu Titans in first match, followed by a clash between season 2 champions U Mumba and the inaugural season champions Jaipur Pink Panthers.
4. Jitu Rai wins silver in ISSF World Cup.
• Champion Indian shooter Jitu Rai has preceded his Rio Olympics 2016 stint with a silver medal at the Men’s 10m Air Pistol Event at the ISSF World Cup in Baku, Azerbaijan.
• He finished in second place behind Brazilian sport shooter Felipe Almeida Wu of Brazil; 24-year-old Wu is a silver medal winner at the Junior Olympics in his category.
• Rai shot 199.5 in the finals for the silver medal finish. Although he finished at 10th in the men’s 50m air pistol, he made up for that finish in the 10m category.

STATE
1. Centre committed to developing A.P
• BJP national secretary and Andhra Pradesh affairs in charge Sidharth Nath Singh and State party president K. Haribabu have expressed the resolve to develop Andhra Pradesh on all fronts and get the party’s rank and file to counter the campaign by the opposition parties that it is not doing enough for the fledgling State.
2. Telangana creates unit to curb piracy
• In an effort to curb digital piracy and protect intellectual property, the Telangana government has set up the country’s first Intellectual Property Crime Unit.
• The Telangana Film Chamber of Commerce, representatives of the film industry and the State Information Technology Department, have come together to set up the specialized unit, which was inaugurated in the presence of US Ambassador Richard R Verma.

SURVEYS
1. Moody’s Cuts UK’s Credit Outlook from ‘Stable’ To ‘Negative’ After Brexit.
• Credit ratings agency Moody’s bumped the UK’s bond rating from stable to negative after the country voted to leave the European Union.
• Britain would face substantial challenges in order to successfully negotiate its exit from the EU.