Current Affairs Daily Updates: June 6th 2016

Dear Readers,
Welcome to Current Affairs Daily Updates section. Here I am providing you the best possible current affairs updates of the day. These are helpful to improve your general knowledge as well much important for the upcoming exams.


1. Ashok Ganapathy appointed as Director of Airtel Business.
• Ashok Ganapathy was appointed as the Director of Bharti Airtel Ltd. He will take over the post with effect from 1 July 2016.
• Ganapathy succeeds Manish Prakash as Director (Airtel Business). Prakash has been appointed as Director (strategic alliances). He will report to Gopal Vittal, Chief Executive Officer and Managing Director (India & South Asia), Bharti Airtel.


1. US Army Reserve officer Deshauna Barber crowned as Miss USA 2016.
• Deshauna Barber, a serving Army Reserve officer of United States (US), crowned as the Miss USA 2016 at the Miss USA competition 2016 held at the T-Mobile Arena off the Las Vegas Strip.
• She represented the US capital as Miss District of Columbia. Miss Hawaii Chelsea Hardin came in as the first runner-up and Miss Georgia Emanii Davis was the second runner-up.


1. Pension body to hold awareness campaign on NPS
• Pension Fund Regulatory and Development Authority (PFRDA) will hold a 15-day campaign across India from June 27 to spread awareness about the National Pension System (NPS).
• The subscribers/employees in the central and state governments are not fully aware of the various functions and facilities available under the scheme.

2. NBFC market cap is twice that of PSU banks
• Non-banking financial services companies (NBFCs) may have smaller scale operations, but when it comes to building investor wealth, they are way ahead of large public sector banks and as good as the private ones.
• The market capitalization of NBFCs, which was just 50 per cent of public sector banks’ on 2006, is now nearly twice that of the latter at the end of FY 2016.


1. Veteran actress Sulabha Deshpande passed away
• Veteran Bollywood and Marathi cinema, stage and television actress and director Sulabha Deshpande passed away in Mumbai.
• She was considered to be one of the pioneers of the experimental theatre movement that swept Mumbai in the 1970s.


1. Fashion marketplace Voonik acquires 3 startups
• Sequoia Capital-backed fashion marketplace Voonik has acquired three startups to build its premium fashion product Vilara. The company has now acquired five startups in the past six months.
• Voonik, which is focused on curated fashion, is attempting to strengthen its leadership in the unbranded fashion segment largely via acqui-hires or team acquisitions of startups in niche fashion offerings.

2. Sumitomo to acquire 45% stake in Excel Crop Care
• Sumitomo Chemical Company or SCC will purchase 45% stake from both Shroff family, the promoters of Excel Crop Care Limited or ECCL and public shareholders of the company including Ratnabali group pegging the equity value of the agro chemical maker at Rs 1386 crore.
• SCC will also make a public offer to buy additional 30% stake of the company at Rs 1259 a share and take over the majority control of the 13 year old company which The transaction is subject to certain conditions to close, including regulatory approvals. ET was the first to report about the impending deal.


1. 6.3-magnitude earthquake rocks Maluku Islands in Indonesia
• A 6.3-magnitude earthquake rocked the Maluku Islands in eastern Indonesia.
• The Indonesian Meteorological, Climatological and Geophysical Agency reported that the quake struck at 01:25 am local time.

2. Switzerland back India’s bid for NSG membership
• India, , got the backing of Switzerland in its bid to become a member of the Nuclear Suppliers Group (NSG) ahead of the group’s crucial meeting.
• The two countries also resolved to strengthen cooperation in combating tax evasion and black money.


1. Dr Jitendra Singh lays foundation stone of Northeast girls' hostel in Bangalore
• Union Minister of State (Independent Charge) for Development of North Eastern Region (DoNER) Dr Jitendra Singh laid the Foundation Stone of a Hostel exclusively for Northeast girl students in Bangalore.
• The hostel, which is the first of its kind in Bangalore University, will have a capacity to accommodate 269 students and will be constructed at a cost of around Rs. 14 crore.

2. Gujarat government announces IT policy to promote new ventures
• The Gujarat government announced its first ever 'IT and Electronics Start-up Policy', having special focus on encouraging new ventures by providing them various incentives and subsidies.
• Gujarat Chief Minister Anandiben Patel announced the policy, which will be applicable only to IT and electronics related start-ups.

3. Government to set up 6 bulk drug, medical device parks
• The government has decided to establish 3 bulk drugs and 3 medical devices parks across the country. These parks will require an investment of about Rs 60,000 crore.
• As per various estimates, once these parks become operational, they can bring down the cost of production of devices and bulk drugs by at least 30 per cent and in long-run, this will help the general public also.

4. 32 DTH channels to live-telecast IIT lectures
• The HRD Ministry is set to launch 32 Direct-to-Home channels which would enable students to watch live telecast of lectures from six IITs, along with other top institutions.
• The Department of Space has agreed to allot two transponders on a GSAT series satellite for this ambitious project, while MoUs have been signed with many institutions which will provide lessons and content that will be beamed on these channels.

5. Cambridge, MIT experts to design Indian syllabi
• The HRD ministry has roped in experts from leading global Universities like Cambridge, MIT and Pennsylvania to help design and “internationalize” syllabi of higher education institutions in the country.
• 10 projects in different states under Rashtriya Ucchatar Shiksha Abhiyan (RUSA), experts from institutions like University of Edinburgh, MIT, Cambridge, University of Pennsylvania, UC Berkeley, University of Washington and University of Georgia Tech etc have been roped in to upgrade the curriculum in social sciences, sciences, mathematics and engineering.

6. Swachh Yug campaign to make gram panchayats along Ganga open defecation free
• The campaign, being a collaborative effort between the Swachh Bharat Mission, local youth leaders (युवा) and the Namami Gange project (गंगा) - is being called ‘Swachh यु-, which translates into ‘the age of Swachh’.
• These organizations will be called upon to provide a large number of local youth volunteers to support a behavior change campaign in the 52 districts under the Swachh Bharat Mission.


1. IOC honours IOA chief N Ramachandran with Olympic Order
• Indian Olympic Association president N. Ramachandran has been awarded with the prestigious Olympic Order by the International Olympic Committee (IOC) for his outstanding services to the Olympic movement.
• His name has been chosen by the International Olympic Committee President Dr. Thomas Bach and by the IOC Executive Board.


1. Arunachal town to have one vehicle-free day per month
• A town in Arunachal Pradesh has fixed the seventh of every month as a vehicle-free day in a bid to breathe easier.
• Government officials will observe a vehicle-free day on the seventh of every month in and around Tezu town in Arunachal Pradesh.


1. Airbus unveils world’s 1st 3D-printed aircraft
• The world’s first 3D-printed aircraft THOR was unveiled by European aerospace company, Airbus at the International Aerospace Exhibition held in Schoenefeld, Germany.
• The small Airbus marvel is the world’s first 3D-printed aircraft. Windowless, weighing in at just 21 kilos (46 pounds) and less than four meters (13 feet) long.


1. AYUSH Minister to inaugurate National Health Editors’ Conference on Yoga
• National Health Editors’ Conference on the theme - “Yoga for Holistic Health – Recent Researches” will be inaugurated by Shri Shripad Yesso Naik, Minister of State for AYUSH at National Media Centre in New Delhi.
• The aim of the Conference is to ensure wider dissemination of benefits of Yoga to the public through the media.


1. Novak Djokovic beats Andy Murray to win first French Open title
• Novak Djokovic defeated Andy Murray to win his maiden French Open title 2016.
• He has finally completed his career Grand Slam and adds another title to the 11 already collected Grand Slam trophies.
• Djokovic is only the third man after Don Budge and Rod Laver to hold the four majors at the same time, and the eighth man to triumph at Wimbledon and the French, U.S. and Australian Opens.


1. Hyderabad to get more CNG facilities
• The Central government will sanction more compressed natural gas (CNG) facilities for Hyderabad to promote greener transport and clean fuel.
• CNG pumping stations in Hyderabad in view of poor availability of gas from K-G basin, the government will take steps to improve penetration of CNG in Hyderabad to make it profitable for dealers.

2. 48,000 BPO units to come up in two years
• The Union government is going to establish 48,000 Business Process Outsourcing (BPO) units all over India in the next two years, of which 2,200 BPOs will be set up in Andhra Pradesh alone, according to Ravi Shankar Prasad, Union Minister for Communications and Information Technology.
• The Minister addressed a press conference and explained the initiatives taken up by the Narendra Modi government in the last two years to curtail corruption and develop the nation.


1. India ranks second on GRD index on ease of doing business
• As per a study, '2016 Global Retail Development Index (GRDI)', which ranks top 30 developing countries for retail investment worldwide, India has been ranked second position.
• India has moved 13 positions to rank 2nd in 2016 on ease of doing business and China is topped in the list.