Current Affairs Daily Updates June 30th 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. Rodrigo Duterte sworn in as Philippines’ president
• Rodrigo Duterte was sworn in as the Philippines' 16th president inside the Malacanang presidential palace in Manila. He will have a six-year term.
• The first Mindanaoan president of the country, Duterte succeeds Benigno Aquino III.
• Firebrand leader Duterte’s anti-crime programme includes plans to reintroduce the death penalty, issuing shoot-to-kill orders to the security services and offering them bounties for the bodies of drug dealers. He has also called on people to kill suspected criminals.

1. Two Indians get Queen’s Young Leaders Award 2016
• Two Indians, Kartik Sawhney and Neha Swain, have won the 2016 Queen's Young Leaders award in the United Kingdom which has been presented by Queen Elizabeth at the British monarch in Buckingham Palace. The name of these awardees has been announced last year in December.
• Sawhney and Swain have won the prestigious award for their exceptional work in transforming the lives of others and making a lasting difference in their communities.
2. Four Indian-Americans honoured with 2016 Great Immigrants Award in US.
• Indian-origin Google CEO Sunder Pichai and three other Indian-Americans are among the 42 US nationals honoured with this year’s prestigious “Great Immigrants: The Pride of America” award.
• The other three Indian-Americans are Hari Sreenivasan, anchor and senior correspondent, PBS NewsHour, Vikram Malhotra Chairman of the Americas, McKinsey & Company and Bharati Mukherjee National Book Critics Circle Award-winning author.

1. Corporation Bank focusing on recoveries, credit growth
• Corporation Bank is focusing on recovery, prevention of delinquencies and healthy credit growth for better management of non-performing assets (NPAs).
• In 2015-16, gross NPAs of the bank stood 9.98 per cent and net NPAs at 6.53 per cent.

1. Microsoft CEO Satya Nadella's debut book 'Hit Refresh' to come out in 2017
• Microsoft CEO Satya Nadella's debut book will hit stores next year with the writer saying it is neither a 'how-to-succeed' book nor a memoir but about change.
• 'Hit Refresh' follows three storylines: Nadella's personal journey of transformation, the change that is taking place today inside his storied technology company, and one that is coming in all of our lives as intelligent machines become more ambient and more ubiquitous throughout society

1. Founder of Titan, Xerxes Sapur Desai has passed away
• Xerxes Sapur Desai, the man who founded Titan Co Ltd, has died following a prolonged illness in Bengaluru. He was 79.
• Desai played a key role in introducing India to its first quartz watch in the late 80s when he set up Titan Co. Ltd (part of Tata Sons), after enduring years of resistance from state-owned HMT Watches.
2. Senior artist K.G. Subramanyan passes away
• Renowned sculptor and painter KG Subramanyan passed away in Vadodara, Gujarat following a brief illness. He was 92
• He was multifaceted artist credited with being one of the pioneers of Indian modern art and was also a freedom fighter.

1. Maharashtra, Tata Power to ink pact for 1,000 MW for Mumbai
• Keeping in mind the future power requirements of the Mumbai region, the Maharashtra government plans to sign a MoU with Tata Power for sourcing 1,000 MW from the upcoming Dherand Thermal Project.
• The tie-up with Tata Power is a step in that direction. Since the present State government came to power, the transmission capacity for Mumbai city has increased by 1300 MW.
2. World Bank, ISA sign agreement for collaboration in solar energy
• The World Bank announced plans to provide more than $1 billion to support India’s solar initiatives. An agreement to this effect was signed.
• The World Bank-supported projects under preparation include solar rooftop technology, infrastructure for solar parks, bringing innovative solar and hybrid technologies to market and transmission lines for solar-rich states.
3. CCEA nod for Rs. 6,000 cr road projects
• The Cabinet Committee on Economic Affairs approved implementation of three highway projects entailing a cost of almost Rs. 6,000 crore.
• These include Aurangabad-Telwadi (Rs. 2,029 crore), Angul-Sambalpur (Rs. 2,491 crore) and Phagwara-Rupnagar (Rs. 1,444 crore). These projects will be implemented in three different modes – Aurangabad-Telwadi on a BOT (toll) basis, Angul Sambalpur on an EPC basis and Phagwara-Rupnagar on hybrid annuity basis.

1. Indian Warships visit Vladivostok, Russia
• Three Indian naval ships reached Russia as part of efforts to enhance maritime cooperation between the navies of both countries.
• INS Sahyadri, Shakti and Kirch, reached Vladivostok on a four day visit as part of deployment of the Eastern Fleet to the South China Sea.
• The visiting IN ships are likely to conduct exercises with the Russian Navy, aimed at enhancing interoperability in communication as well as Search and Rescue procedures.
2. Malaysia gets 2 women Shariah HC judges
• Two women have been appointed as judges of Malaysia’s Islamic Shariah High Court for the first time in the history of the judiciary of the Muslim-majority country.
• Noor Huda Roslan, 40, and Nenney Shuhaidah Shamsuddin, 41, received their official letters of appointment from Selangors Sultan Sharafuddin Idris Shah during a ceremony at the Istana Bukit Kayangan.
• Shariah High Court, also known as Syriah High Court, refers to Sharia law in Islamic religious law and deals with exclusively Islamic laws, having jurisdiction upon every Muslim in Malaysia.

1. Indian Railways PSU Rites exports modern passenger coaches to Bangladesh
• RITES Ltd., a PSU under the Ministry of Railways, has supplied 60 Broad Gauge passenger coaches (LHB type) to Bangladesh Railway (BR) against a contract agreement of 120 coaches
• Two train sets, comprising of 12 coaches each- 2 AC chair car, 2 first AC sleeper car, 6 non-AC chair car and 2 power car, will presently be deployed to operate 3 pairs of inter-city trains between Dhaka and Rajshahi. These modern stainless steel coaches manufactured by Rail Coach Factory, Kapurthala, are equipped with Fiat bogies capable of running at maximum speed of 160 kmph.
2. Minister of Railways Shri Suresh Prabhakar Prabhu inaugurates/ launches various facilities/ services through video conferencing from Rail Bhawan
• Minister of Railways Shri Suresh Prabhakar Prabhu inaugurated/ launched following facilities/services through video conferencing from Rail Bhawan.
• Dedication of Improved passenger amenities at Gurgaon station.
• Laying of Foundation-stone for auto car loading facility at Farukhnagar.
• Railway has renovated Gurgaon Railway Station into a modern station.
3. J&K govt launches e-file tracking system
• In a major e-Governance initiative, Jammu and Kashmir Chief Minister Mehbooba Mufti launched the new workflow based e-file tracking system in the Civil Secretariat - the seat of the government.
• The new IT-enabled file-tracking system implemented by Jammu and Kashmir e-Governance Agency (JKeGA) is aimed at automating file, correspondence and document tracking within government offices.
4. EESL Signs MoU with TERI
• Energy Efficiency Services Limited (EESL) entered into a strategic partnership with The Energy and Resources Institute (TERI) for two years. The MoU was signed between the two parties in the presence of Union Minister of State (IC) Power, Coal and New & Renewable Energy, Shri Piyush Goyal.
• Agreement as Strategic Partners, to work jointly for the achievement of common goals and objectives related to energy efficiency in India and abroad.

1. BRICS Youth Summit to be held in Guwahati
• A Youth Summit for the BRICS countries will be held in Guwahati from July 1-3 with the theme 'Youth as bridge for Intra-BRICS Exchanges'.
• The subjects to be covered are skill development and entrepreneurship, social inclusion, youth volunteerism and youth participation in governance.

1. India Test-Fires Surface-To-Air Missile Developed Jointly With Israel
• India successfully test fired a new Surface-to-Air ballistic missile developed jointly with Israel.
• The medium range missile (MR-SAM), a product of joint venture between India and Israel, was successfully test launched from a mobile launcher in the Integrated Test Range (ITR) at Chandipur, odisha.
2. HCL Info implements India’s first integrated defence communication network
• India’s first integrated Defence Communication Network (DCN) was launched by Union Defence Minister Manohar Parrikar in South Block, Delhi.
• The network enables the Army, the Air Force, the Navy and the Special Forces Command to share situational awareness for a faster decision-making process.
3. High-speed OPV INS Tarasa launched
• Indian Navy has launched INS Tarasa, the fourth and last ship in the series of the Water Jet Fast Attack Craft (WJFAC).
• It is being built by Kolkata (West Bengal) based Garden Reach Shipbuilders & Engineers Ltd (GRSE).

1. BRICS Youth Summit, 2016 at Guwahati, Assam
• BRICS Youth Summit, 2016 is being organised at Guwahati (Assam) from 1- 3rd July. The Theme for the Summit is “Youth as bridge for Intra-BRICS Exchanges”.
• The subjects to be covered by thematic debates are
(i) Skill Development and Entrepreneurship
(ii) Social Inclusion
(iii) Youth Volunteerism
(iv) Youth Participation in Governance.

1. Amul signs up as official sponsor of Indian team to the Olympics
• India’s leading food products company Amul has signed up as the official sponsor for the Indian contingent to the Rio Olympics 2016.
• The company will launch a series of advertising campaigns for milk and other dairy products to promote this association. Amul has embarked upon an ‘Eat Milk with Every Meal’ campaign.
2. Golf Back in the Olympics After 112 Years
• The 2016 Rio games will be the first Olympics after 112 years to host a Golf event.
• the session of the 121st International Olympic Committee Session chose to re-introduce the sport for the games
• Golf has been reintroduced for 2016 and 2020 Olympics.
3. BCCI mulls setting up its own stadium in Delhi to avoid shifting of matches
• The BCCI is planning to build a state-of-the-art cricket stadium in New Delhi.
• The board has planned to buy land and build a cricket stadium, which will be owned and administered by BCCI, and does not belong to any state association.
• The cricket control body will run the stadium and marquee games like World Cup finals, IPL finals will be hosted at this stadium.

1. HRD centers: ANUR, Vikasa ink MoU
• East Godavari Collector H. Arun Kumar has announced that 30,000 youth coming out from all the 400 and odd colleges in the district are going to get employment with the MoU between Vikasa and Adikavi Nannaya University (ANUR) that was entered.
• Vikasa was a government agency that provided employment opportunities to youth in East Godavari and the Adikavi Nannaya University was one of the big universities in this region after the Andhra University.
2. IRCTC to run luxury trains to Shirdi, Goa, Tirupati
• The Indian Railway Catering and Tourism Corporation (IRCTC) will soon operate ‘Three Star’ luxury trains from Secunderabad to Shirdi, Goa and Tirupati with the basic tariff structure of normal bus fares.

Current Affairs Daily Updates June 29th 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. Suzuki Motors appoints Toshihiro Suzuki as CEO
• Suzuki Motor Corp announced the appointment of Toshihiro Suzuki as its next Chief Executive Officer (CEO).
• The appointment came after Osamu Suzuki announced that he will decline the CEO position to take responsibility for the automaker's use of incorrect testing methods when calculating vehicle mileage.

1. AbhishekBachchan holds a Guinness world record.
• Actor AbhishekBachchan holds the Guinness world record for most public appearances made by a film star in 12 hours for promoting the same film.
• While promoting 'Delhi 6' on February 22, 2009, Abhishek travelled to 7 cities including Ghaziabad, Gurgaon, Noida, Faridabad, Delhi, Mumbai and Chandigarh.
• He covered 1,800 km in 12 hours, travelling by car and private jet.
2. Amazon named world's smartest company of 2016
• Jeff Bezos-led online retail giant Amazon has topped MIT's annual list of the world's smartest companies of 2016 for combining innovative technology with an effective business model.
• Chinese web services company Baidu and the world’s largest DNA-sequencing company Illumina have been ranked second and third respectively.
• The list also includes Tesla Motors, Alphabet, Facebook, SpaceX and Snapchat.

1. SBI to raise $1.5 billion by issuing bonds
• Country's largest lender State Bank of India will raise long-term capital of up to $1.5 billion (over Rs 10,000 crore) by issuing bonds in US dollar or other convertible currency.
• The executive committee of the central board has approved to raise long term funds up to $1,500 million in single/multiple tranches, the fund raising will take place through a public offer and/or private placement of senior unsecured notes in US dollar or any other convertible currency during the current financial year 2016-17.
2. United Bank remains cautious on corporate lending, aims at 30% retail loan growth this fiscal
• Public sector lender United Bank of India is aiming to grow its retail credit portfolio by 30% for this fiscal as it remains cautions on lending to corporate sector. The bank is eyeing a 10-12% business growth in this financial year.
• At present corporate loan constitutes around 35-40% of the bank’s total loan portfolio. The lender aims to increase retail segment’s share in its lending portfolio. In the retail segment, the bank will focus on housing, education and vehicle loans.

1. Veteran playwright Kavalam Narayana Panicker passes away
• Theatre doyen Kavalam Narayana Panicker, who successfully blended the classical tradition and folk elements in the format of contemporary theatre, passed away.
• Famous for his own dramas like ‘Avanavan Kadamba’, ‘Daivathar’ and ‘Sakshi’, which are considered milestones in the history of contemporary Malayalam theatre,
• He also translated Sanskrit plays of classical masters like Kalidasa and Bhasa and brought them into the stage.

1. ITC to invest Rs 4,000 cr to set up to 9 plants
• FMCG major ITC will invest Rs 4,000 crore over the next 2-3 years to set up 8-9 factories across the country for manufacturing of food products.
• ITC's branded packaged foods division grew by around 11 per cent to clock a turnover of Rs 7,097.49 crore in 2015-16.
2. Paytm ties up with Suzuki Motorcycle for easy booking of two-wheeler models
• India's largest mobile payment and commerce platform Paytm announced its strategic partnership with Suzuki Motorcycle India Pvt. Ltd. to offer its customers the largest assortment of bike and scooter models across all transactional platforms in India.
• With over 400+ Suzuki dealers on-board, the Paytm marketplace will now enable booking of all Suzuki two-wheeler models on its platform across India.
3. Quality analysis: CIMFR, power developers, coal miners ink MoU
• Stat-run coal miners and power developers signed a tripartite memorandum of understanding (MoU) with Central Institute of Mining and Fuel Research (CIMFR) for the quality analysis of coal supplied to coal-based generating companies. As reported by FE earlier, this mechanism could bring down power cost by as much in R1.5 per unit.
• CIMFR, based in Dhanbad, Jharkhand, and a constituent laboratory of the Council of Scientific and Industrial Research (CSIR), will test the grade of coal at both the loading and unloading points of a power station. If grade slippage is detected, the generators will be compensated by the coal suppliers for the difference in gross calorific value (GCV) of the dry fuel. The lower cost of coal will then be passed through to the consumers, resulting in less expensive power.
4. EPFO aims to cover all workers under provident fund, pension by 2030
• EPFO aims to cover all the workers in the country under provident fund (PF), pension and life insurance by 2030.
• The vision document prepared by EPFO mentions objectives such as “universal social security coverage on mandatory basis by way of provident fund, pension and life insurance for all workers of the country”.
• The vision also talks about online services for all EPFO benefits with state-of-the-art technology and best service delivery practices.

1. Italy and Netherlands to share Security Council seat in a 'show of unity'
• In a symbolic gesture for European unity, Italy and the Netherlands have proposed to split a two-year term on the UN Security Council, after the two countries tied in a contested race for a non-permanent seat on the council.
• The elected countries will begin a two-year stint on the council on January 1, taking their seats alongside the five permanent council members - Britain, France, China, Russia and the United States.
2. Ethiopia, Bolivia, Sweden elected non-permanent UNSC members for two-year term
• The UN General Assembly elected Ethiopia, Bolivia and Sweden as non-permanent members of the Security Council for a two-year period beginning in January, 2017.
• The 193-member UN body conducted the elections for five non-permanent seats, which included one seat for the African Group, one seat for the Group of Asia and the Pacific small island developing states, one seat for the Group of Latin American and Caribbean States, and two seats for the Western European and Others Group.

• Cabinet clears pay hike for one crore govt employees, pensioners 2.5 times hike
in basic pay and pensions under the 7th Pay Commission recommendations that will cost the exchequer annually Rs 1.02
lakh crore, which the government will have a multiplier effect on
• Cabinet approves Memorandum of Understanding between Union Public Service Commission and Royal Civil Service Commission, Bhutan. The MoU will strengthen the existing relationship between RCSC and UPSC. It will facilitate sharing of experience and expertise of both the parties in the area of recruitment.
2. Majuli becomes India’s first island district
• A river island in Assam has been rewarded for electing the head of the state’s first BJP-led government.
• Sonowal had won the assembly election this year from Majuli Island in the river Brahmaputra, a constituency reserved for scheduled tribes.
• The erosion-troubled Majuli, now a sub-division of Jorhat district, will become the 34th district of Assam.
3. FSSAI signs pact with ASCI to check misleading advertisements
• Regulator FSSAI joined hands with Advertising Standard Council of India (ASCI) in its bid to check misleading advertisements in the food and beverages sector.
• FSSAI will also redirect complaints against misleading food and beverages advertisements to ASCI.
4. Maharashtra govt announces housing concessions for EWS
• Maharashtra government decided to offer various concessions to the economically weaker sections (EWS) for projects under its ambitious "housing for all" scheme.
• Land for such affordable housing projects will be allotted to the government housing agencies at nominal rates as per this cabinet decision.
• 50 per cent concession will be given in the surveyor and development cost while stamp duty is being fixed at Rs 1,000 for houses meant for the EWS.

1. P T Bopanna Gets Gourmand Award for World’s Best Book on Coffee.
• City-based freelance journalist and author P T Bopanna’s book ‘The Romance of Indian Coffee’ have been chosen as the world’s best book on coffee at The Gourmand World Awards function at Yantai in China.
• The book, earlier shortlisted for the finals of the ‘Best in the World’ books under the ‘coffee books’ category was picked from the entries of 64 countries.
• ‘The Romance of Indian Coffee’ was published in 2011, and takes a 360-degree view of Indian coffee.

1. Exercise ‘Jalrahat’ for flood relief in Assam commences
• Exercise JALRAHAT commenced at Narangi Cantt, Assam.
• The exercise JALRAHAT is a joint initiative taken by the Assam State govt and the armed forces that is being led by GAJRAJ Corps with full support from HQ Eastern Command.

1. Indian Navy inducts indigenous heavyweight torpedo 'Varunastra'
• Indigenously-built heavyweight anti-submarine torpedo Varunastra has been successfully inducted in the navy, making India one of the eight countries to have the capability to design and build such a system.
• It was developed by Naval Science and Technological Laboratory (NSTL), a premier laboratory of DRDO.
2. China Launches 2nd Shijian-16 Series Satellite
• China, a communist nation in East Asia has successfully launched its second Shijian-16 series satellite for space research and experiments.
• The satellite was launched on board of Long March-4B rocket from the Jiuquan Satellite Launch Centre in Jiuquan, northwest China’s Gansu Province.
• It was the 231st by a Long March rocket.
3. Google brings Earth into better focus
• Google's free online mapping service is bringing the world into better focus with an updated version of Earth that takes advantage of photos from a US Landsat 8 satellite.
• Google Earth previously relied on images from a Landsat 7 satellite, which encountered a hardware problem that resulted in large diagonal gaps in pictures.

1. US, Canada and Mexico pledge 50% of power from clean energy by 2020
• The leaders of the US, Canada and Mexico, meet at the so-called “Three Amigos” summit, will pledge to have their countries produce 50% of their power by 2025 from hydropower, wind, solar and nuclear plants, carbon capture and storage, as well as from energy efficiency measures.
• Barack Obama, Justin Trudeau and Enrique Peña Nieto will commit to a new regional clean power goal at a summit.

1. National Statistics Day is observed on June 29th
• The National Statistics Day is being observed every year on 29 June to create public awareness among people about the importance of statistics in daily life and in the process of planning and development.
• It is celebrated annually on the occasion of Birth anniversary of India’s eminent statistician Late Prof Prasanta Chandra Mahalanobis.

1. Indore to host first ever Test in New Zealand series
• Indore is set to host its first-ever Test during the three-match series against New Zealand .
• India will play three Tests against New Zealand from Sep 22 -Oct 12.
• Virat Kohli will lead India in the Test series.
2. Virat Kohli launches new startup Stepathlon kids to promote fitness among children
• Virat Kohli and technology-driven fitness platform Stepathlon Lifestyle has announced the launch of Stepathlon Kids – a company dedicated to children’s fitness programmes.
• Through its annual 30 day virtual race, the venture will urge children to take 15,000 steps a day, helping them adopt a healthy lifestyle and increase awareness about health issues.

1. 1,000 Jan Aushadhi shops for State
• The Central Government has sanctioned 1,000 Jan Aushadhi (generic medicine) shops for Andhra Pradesh. A Memorandum of Understanding to this effect was signed by the Central and State Governments in New Delhi.
• One Jan Aushadhi shop would come up in every mandal in the State and over 600 different types of drugs would be available in these shops at one-tenth of the price of branded drugs.
2. Mega food park to come up at Mallavalli
• The location of the mega food park, earlier proposed to be developed at Thotapalli village in Agiripalli mandal of Krishna district, has been shifted to Mallavalli village in Bapulapadu mandal of the district.
• As part of its Endeavour to develop the new capital by setting up industries, the Government is now focusing on giving the much-needed push to agro-based industries.

1. India jumps 19 places in World Bank's global logistics performance ranking
• India has jumped 19 places in the latest World Bank ranking in the global logistics performance, reflecting the improvement in movement of goods inside the country thus facilitating better trade.
• The World Bank in its latest once-in-two-year Logistics Performance Index (LPI) ranked India 35th as against the 54th spot it occupied in the previous 2014 report.

Current Affairs Daily Updates June 28th 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. NS Vishwanathan appointed Deputy Governor of Reserve Bank of India.
• The Appointments Committee of the Cabinet (ACC) announced the appointment of NS Vishwanathan as Deputy Governor of the Reserve Bank of India (RBI).
• Vishwanathan will succeed Harun R Khan who will retire on 3 July 2016.

1. CAG Shashi Kant Sharma gets honorary professorship in China.
• The Comptroller and Auditor General (CAG) of India Shashi Kant Sharmahas been conferred with the honorary professorship by the Nanjing Audit University (NAU), China.
• China’s Nanjing Audit University is the only university which is recognized by the Institute of Internal Auditors.
2. Viswanathan Anand honoured with ‘Honoris Causa’ Doctor of Science degree.
• Five-time World Champion Viswanathan Anand was conferred the “Honoris Causa” Doctor of Science by Indian Institute of Technology (IIT) during its 49th convocation ceremony in Kanpur.
• The Anand was bestowed with the degree by NITI aayog chairman Arvind Panagariya in Kanpur.
1. Bank of Maharashtra raises Rs 500 cr via bonds
• State-owned Bank of Maharashtra has raised Rs 500 crore by issuing bonds that are compliant with global capital adequacy norms.
• The Bank has raised Rs 500 crore by issue of Basel III compliant unsecured redeemable non-convertible Tier II bonds.

1. PM releases book titled “The Birds of Banni Grassland”
• Prime Minister Narendra Modi has released a book titled “The Birds of Banni Grassland” in New Delhi.
• The book was presented to the Prime Minister by the Scientists of Gujarat Institute of Desert Ecology (GUIDE).
• The Book is a compilation of the research work, relating to more than 250 species of birds found in the Banni area of Kutch, Gujarat.

1. Naga leader Isak Chisi Swu passes away in Delhi
• Isak Chisi Swu, co-founder of the National Socialist Council of Nagaland-Isak-Muivah (NSCN-IM), died
• Swu, along with Thuingaleng Muivah headed the NSCN-IM.

1. IMF clears payment of USD 501 million to Pakistan
• The International Monetary Fund cleared payment of USD 501 million for Pakistan taking the total amount given to the country to USD 6.1 billion in the last few years.
• This brings the total disbursements to USD 6.01 billion. In 2013, the IMF had approved the 36-month extended arrangement under the EFF in the amount of about USD 6.64 billion at the time of approval of the arrangement.
2. IFC, Wadhawan Global Capital to invest Rs 60 crore in Aadhar Housing Finance
• The World Bank's private sector funding arm International Finance Corporation (IFC) and Wadhawan Global Capital Pvt Ltd are going to raise their investments in Aadhar Housing Finance by putting in Rs 60 crore between them to help the housing loan provider to lower income families double its business.
• The exercise would be completed in a month or two and would prelude its proposed merger with DHFL Vysya Housing Finance, another entity owned by the Wadhawan family.
3. Ola to invest Rs 350 crore in Haryana over 5 years
• Taxi hailing app Ola has signed an agreement with Haryana government to create over 10,000 entrepreneurs in the state with an investment of Rs 350 crore over the period of five years.
• Ola will work with the Haryana government to introduce innovative and customized mobility solutions like Ola Auto, Ola Bike, Ola Share and Ola Shuttle across the state.
4. Power sector sees $1.6 bn deals in Jan-May: EY
• Reflecting increased deal-making activities, Indian power sector saw merger and acquisition transactions worth USD 1.6 billion in the first five months of 2016.
• The domestic power sector saw "significant traction" with M&A activities during January-May 2016 period.

1. 7-member panel formed to end Nepal parliament deadlock
• A seven-member panel was formed by Nepal's ruling and opposition parties to find ways to end an ongoing logjam in parliament over the mismanagement of post-quake reconstruction and the release of NRs 200,000 in financial aid to the survivors.
• The main opposition Nepali Congress (NC) has been disrupting House proceedings for the past a few days demanding immediate release of the financial package to the victims of last year's devastating quake that killed nearly 9,000 people.
2. Israel and Turkey end six-year standoff
• Israel and Turkey have announced a reconciliation deal to end a six-year diplomatic standoff that started when Israeli naval commandos shot dead nine Turkish activists travelling on an aid flotilla making for the Gaza coast.
• A deal negotiated in Rome will restore full ambassador-level relations, provide for about $20m in compensation for the families of those killed and wounded aboard the Mavi Marmara in 2010, and clear the way for potentially lucrative contracts for Israel to transmit natural gas to Turkey.
• Under the agreement Turkey will withdraw all cases against Israeli soldiers in the assault on Mavi Marmara.
3. BHEL commissions two hydel units in Afghanistan
• The Bharat Heavy Electricals Limited (BHEL) has achieved another milestone in Afghanistan by successfully commissioning two units of 14 MW each at Salma Hydro Electric Project (HEP) in Afghanistan.
• Project has been funded under the government of India's grant to Afghanistan.
• The Salma dam, or the Afghan-India Friendship dam, was inaugurated by Prime Minister Narendra Modi in the presence of Afghan President Ashraf Ghani.

1. Shri Radha Mohan Singh launches a web based App CMRS for better crop and Nutrient management released for Bihar farmers
• The Union Agriculture & Farmers' Welfare Minister, Shri Radha Mohan Singh launched Crop Manager for Rice-based Systems (CMRS) – a web based App for better crop and Nutrient management released for Bihar farmers in a program organized at ICAR-RCER in Patna.
• Crop Manager for Rice-based Systems (CMRS) is a web-based App which can be used with computer, mobile and tablet and aims to increase farmer's net income and sustain the productivity for rice-based cropping systems in Bihar, India.
2. Environment Minister launches web portal for mining of sand and minor minerals
• A new web portal has been launched for online submission and monitoring of environmental approvals for mining of sand and minor minerals.
• The web portal will lead to the empowerment of the project proponent, as it not only enhances transparency of the entire application process, but also enables the proponents to track their applications online.
3. MoU Signed for Coal Quality Analysis
• CSIR- Centre Institute of Mining and Fuel Research (CSIR-CIMFR) signed a Memorandum of Understanding with Coal Supplying companies and Power Utilities for quality analysis of coal being supplied to power utilities by coal companies.
• MoU embarks a historic moment for the energy production chapter of the country and crucial task to deliver best possible results in a transparent environment for quality maintenance in coal sector of the country.
4. RFID Based Access Control System Inaugurated at Cochin Port
• Dr. K. N. Raghavan, Commissioner of Customs, Cochin inaugurated a RFID (Radio Frequency Identification System) newly installed at Ernakulum Wharf of Cochin Port.
• The RFID is an access control system on digital platform for regulating movement of vehicles, cargo and people into the sensitive wharf area. The system dispenses away with manual checking and reduces the waiting time at the wharf gates.
5. Rajnath Singh inaugurates h.q. of Jharkhand's special anti-Maoist force
• Union Home Minister Rajnath Singh inaugurated the newly constructed anti-Maoists forces headquarters in Jharkhand's capital city Ranchi. The headquarters will pave way for further strengthening of the force.
• Singh also inaugurated the administration block and other buildings at Jharkhand Jaguar campus. Jharkhand Jaguar is an anti-Maoist squad formed eight years ago and has led many successful operations against Maoists so far.
6. I-T department to establish over 60 taxpayer centers across country
• The income tax department will establish over 60 facilitation centers - Aaykar Seva Kendras (ASKs) - this fiscal from Goalpara in Assam to Neemuch in MP as part of efforts to widen the taxpayer base and reach a maximum number of people who need help in doing business with the taxman.
• The ASKs help a person in conducting their personal and business operation with the department ranging from obtaining a new Permanent Account Number (PAN) to filing Income Tax Returns (ITRs) apart from other income tax related subjects.

1. U C Maheshwari sworn-in as new deputy Lokayukta of Madhya Pradesh
• U C Maheshwari was sworn-in as deputy Lokayukta of Madhya Pradesh, a day after he resigned as a judge of the state High Court.
• State Lokayukta Justice P P Naolekar administered the oath of office to Maheshwari in a ceremony.
• The post of the deputy Lokayukta had been lying vacant for the past two years following retirement of Chandresh Bhushan, a former MP High Court judge.
2. 2 women appointed as Shariah High Court judges in Malaysia.
• Two women have been appointed as judges of Malaysia’s Islamic Shariah High Court for the first time in the history of the judiciary of the Muslim-majority country.
• Noor Huda Roslan, and Nenney Shuhaidah Shamsuddin,received their official letters of appointment from Selangor’s Sultan Sharafuddin Idris Shah during a ceremony at the Istana Bukit Kayangan.

1. BSNL to expand its network in Chhattisgarh
• BSNL will set up new 2,000 towers in next two years in Chhattisgarh which will be a historical step to strengthen mobile connectivity in the State.
• In an effort to boost ‘digital drive’, 220 new Wi-Fi spots will be set up in the State, mainly at tourist spots. The State presently has 27 Wi-Fi spots. In next one-and-half years, this facility will be extended to 220 more places.
• On digital governance, the government had set the target to connect 2.5 lakh gram panchayats through Bharat Net optical fibre network.

1. CSIR launches India’s first anti diabetic ayurvedic drug BGR -34
• Council for Scientific and Industrial Research (CSIR) has launched BGR-34 an anti-diabetic ayurvedic drug designed for type 2 Diabetes mellitus.
• The anti-diabetic ayurvedic drug BGR-34 has been jointly developed by National Botanical Research Institute (NBRI) and Central Institute for Medicinal and Aromatic Plants (CIMAP), the research units of CSIR at Lucknow.
2. Launches BatteryDekho
•, India’s largest auto portal, has launched, India’s only automobile battery research and discovery portal.
• It is aimed at building a comprehensive ecosystem for vehicle ownership and making the battery discovery, research and selection process much more convenient for the Indian consumer.

1. BRICS Youth Summit, 2016 at Guwahati, Assam
• BRICS Youth Summit, 2016 is being organised at Guwahati (Assam) from 1- 3rd July. The Theme for the Summit is “Youth as bridge for Intra-BRICS Exchanges”.
• The subjects to be covered by thematic debates are
(i) Skill Development and Entreneurship
(ii) Social Inclusion
(iii) Youth Volunteerism
(iv) Youth Participation in Governance.

1. Sanjeev Rajput wins silver in ISSF World Cup
• Ace shooter Sanjeev Rajput clinched the silver medal for India in men's 50-metre rifle 3 position event of the ISSF World Cup in Baku (Ajerbaijan).
• Rajput shot 456.9 to win the silver medal in the last World Cup before the Rio Olympic Games.
2. Argentina women win record seventh Champions Trophy title
• The Argentina women's team has claimed a record seventh Champions Trophy title with a 2-1 win over reigning World and Olympic champions, The Netherlands, in the final at the Lee Valley Hockey and Tennis Centre.
• Argentina held on to win their third successive Champions
3. Harmanpreet Kaur becomes first Indian cricketer to play in Women's Big Bash League.
• All-rounder Harmanpreet Kaur has become the first Indian women cricketer to be recruited by a foreign Twenty20 franchise as she signed up with Sydney Thunder, the reigning Women's Big Bash League champions.
• This is the first official signing since the BCCI cleared the women cricketers to participate in overseas leagues earlier this month.
4. India jumps to number 5 in world hockey rankings
• India’s men hockey team jumped to fifth position ahead of the likes of Belgium, Argentina and New Zealand when the Indian hockey team lodged a protest during the penalty shootout before finally settling for historic silver after the jury announced that the 1-3 result against Australia.
• India now has 1689 points at the conclusion of the Champions Trophy, 56 points ahead of sixth-placed Belgium (1633) and just eight away from Great Britain (1697) on fourth.
the competition's best player.
Argentina captain Carla Rebecchi, who as well as finishing the competition as top scorer with seven goals was also named as

1. AP govt signs deal for Rs.10k cr fertilizer plant
• The Andhra Pradesh government signed a memorandum of understanding (MOU) with a three-nation consortium of China Huanqin Contracting and Engineering Corporation, LEPL Ventures Private Limited and Isomeric Holdings to set up a gas-based fertilizer project at Krishnapatanam with an investment of Rs 10,183crore. This project will help generate 5,000 thousand jobs.
• Isomeric Holdings is a Malaysian company with expertise in gas-based manufacturing projects while LEPL is a Vijayawada-based infrastructure company that also runs an airline.
2. Andhra to set up $6.4 bn building materials park
• An international industrial park will come up in Andhra Pradesh, which is expected to attract investment of $6.4 billion.
• MoU in this regard was signed by the state government with China Association of Small and Medium Enterprises and China Small and Medium Investment Group Limited.
• The project to come at Donakonda in Prakasam district will comprise a Building Materials Industrial Park and Modern Building Materials Logistics Park.

1. India ranked 105th out of 130 countries on global human capital index
• India ranked low at 105th position globally on a worldwide Human Capital Index, which measures countries’ ability to nurture, develop and deploy talent for economic growth and was topped by Finland.
• India ranks much below China’s 71st position while Bangladesh, Bhutan and Sri Lanka are also placed higher on the index released by Geneva-based World Economic Forum (WEF) in this Chinese city at its Annual Meeting of New Champions also known as ‘Summer Davos’ summit.

Current Affairs Daily Updates June 27th 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. Sujoy Bose appointed as CEO of National Investment and Infrastructure Fund.
• Sujoy Bose was appointed as the Chief Executive Officer (CEO) of the National Investment and Infrastructure Fund (NIIF).
• His appointment was made by the Union Government following his selection by the Selection Committee constituted under Department Of Economic Affairs Secretary Shaktikanta Das.

1. Beyonce wins four awards at BET Awards 2016
• Singer Beyoncé won four awards, including the 'Best Female R&B/Pop Artist' award, at the BET Awards 2016, held in Los Angeles.
• Rihanna and Drake won the Best Collaboration award for 'Work'.

1. NSE to file draft papers for domestic listing by Jan 2017
• Ending speculation about its listing plans, top stock exchange NSE has decided to get listed in India as well as abroad and will file draft papers with Sebi for domestic listing by January 2017.
• It will further file for overseas listing by April 2017.
• The exchange, which has been pitching hard for either self-listing or direct supervision by Sebi and not by a rival exchange.
2. Government initiates process to constitute Monetary Policy Committee (MPC) under the Reserve Bank of India Act, 1934
• Government decides to bring the provisions of amended RBI Act regarding constitution of MPC into force, so that statutory basis of MPC is made effective; Rules governing the procedure for Selection of Members of Monetary Policy Committee and Terms and Conditions of their Appointment and factors constituting failure to meet inflation target under the MPC Framework notified.
• With a view to maintain price stability, while keeping in mind the objective of growth, the Reserve Bank of India Act, 1934 (RBI Act) has been amended by the Finance Act, 2016 to provide for a statutory and institutionalized framework for a Monetary Policy Committee (MPC).

1. Tata, Starbucks launch new joint initiatives
• In a bid to raise their partnership to a new level, Starbucks Coffee Company and the Tata Group have agreed to take a host of initiatives, including the inclusion of a single-origin coffee from India in its U.S. outlets, bringing the brand to Vistara airlines and taking Himalayan mineral water to Asia Pacific markets.
• For the first time, Starbucks will offer a single-origin coffee from India in the U.S., giving customers from outside the country a unique opportunity to experience a rare, small-lot coffee from Tata Nullore Estates.
2. IPL brand valuation rises to $4.16 billion: D&P
• The Indian Premier League (IPL) has seen a definite increase in its brand valuation in its ninth season, as it drew attention of viewers as well as advertisers for all the right reasons a relatively controversyfree tournament and good on-field performances that brought the spotlight back to the game.
• According to global valuation and corporate finance advisor Duff & Phelps, the value of brand IPL has jumped to $4.16 billion after the 2016 edition, against $3.5.54 billion in 2015. The 19% jump is despite the fact that the US dollar to Indian rupee currency has depreciated by nearly 10%.
3. CBDT clears the air on tax collection at source
• The Central Board of Direct Taxes (CBDT) has made it clear that the 1 per cent tax collection at source (TCS) introduced in this year’s Budget will apply only to the cash component and not the entire sale consideration. This has been conveyed in a clarificatory circular issued by the CBDT.
• To curb the cash economy, Budget 2016 had introduced a provision in income tax law requiring the seller to collect 1 per cent tax at source from the purchaser on the sale in cash of certain goods or provision of services in excess of Rs. 2 lakh.
4. GAAR to apply on income from transfer of investments only after April 1, 2017
• In a bid to provide clarity to investors, the General Anti-Avoidance Rules (GAAR) will not apply to any income earned or received from transfer of investments before April 1, 2017.
• The move will bring the anti-abuse rules that will be applicable from assessment year 2018-19 in line with the reworked India and Mauritius Double Taxation Avoidance Agreement that will grandfather all investments till April next year.

1. Russia, China approve business initiatives worth $50bn during Putin visit
• A Russian-Chinese commission on investment cooperation has selected nearly 60 business initiatives to be put in the works, Russia's President Vladimir Putin announced during an official visit to Beijing.
• 2016 marked the 15th anniversary of the China-Russia treaty of friendship and hoped the two countries might remain "friends forever".
2. India joins elite missile control group MTCR
• India has joined an exclusive club of countries controlling exports in missile technology.
• Foreign Secretary S Jaishankar signed the Missile Technology Control Regime (MTCR), aimed at preventing unchecked proliferation of missiles.
• India formally became the 35th member of the Missile Technology Control Regime (MTCR) that aims at the non-proliferation of missiles, rocket systems, and unmanned air vehicles, among others.

1. Training programme on “Ornamental Fish Culture and Management for Livelihood Improvement of Rural Women” inaugurated
• Union Minister of Agriculture and Farmers’ Welfare, Shri Radha Mohan Singh has inaugurated the 5 days training programme on “Ornamental Fish Culture and Management for Livelihood Improvement of Rural Women” at ICAR Research Complex for Eastern Region, Patna.
• The training centre on ornamental fish culture and production has been established recently at ICAR Research Complex for Eastern Region, Patna for imparting training to rural women for their empowerment through ornamental fish farming.
2. Shri J P Nadda launches new Nurse Practitioner courses and ‘Live Register’ for Nurses
• Underscoring the importance of up gradation of skills of nurses across the country, Shri J P Nadda, Union Minister for Health and Family Welfare stated that the Government is committed to providing accessible, affordable and quality training to them.
• The Nursing Staff occupies important position in healthcare delivery and without them the desired results cannot be achieved. The role of the nursing staff can be compared equally to that of the doctors when we think of achieving the SDGs.
3. Union Home Minister chairs 22nd meeting of Eastern Zonal Council at Ranchi
• The Union Home Minister Shri Rajnath Singh chaired the 22nd meeting of the Eastern Zonal Council held at Ranchi, Jharkhand.
• The Eastern Zonal Council, consisting of the states of Jharkhand, Bihar, Odisha and West Bengal, discussed the issues like modernization of State Police Forces, measures to curb communal tension and Left Wing Extremism (LWE), curbing of drug trafficking, measures for bringing Green Revolution to Eastern India, issues relating to fisheries, productivity of livestock and poultry to usher Blue Revolution.
4. MNRE sets Target of Setting up One Lakh Family type Biogas Plants for FY 2016-17
• With an objective to provide clean gaseous fuel for cooking and organic bio-manure as a by-product, the Ministry of New and Renewable Energy (MNRE) has allocated to the States /UTs an annual target of setting up one lakh family size biogas plants (1 m3 to 6 m3capacity) for the current year, 2016-17.
• This will result in a likely saving of about 2,190,000 LPG cooking cylinders annually, besides providing biogas plant processed bio-manure to reduce and supplement use of chemical fertilizers.
5. Launching of Skill Development Training Programmes under Kamarajar Port Limited’s CSR initiatives – 2016
• Shri Pon Radhakrishnan, Hon’ble Minister of State for Road Transport, Highways & Shipping, Government of India, inaugurated the Skill Development Training programmes under Corporate Social Responsibility Initiatives – 2016 of KPL at Chennai in the presence of Shri M.A Bhaskarachar, Chairman cum Managing Director, Kamarajar Port Limited.
• The Hon’ble Minister launched the training programmes for 865 applicants including the training on “Tailoring”. As a token of launching the training programme on Tailoring, tool kits for tailoring were distributed to the trainees.
6. BHEL commissions two hydel units in Afghanistan
• State-run Bharat Heavy Electricals Ltd (BHEL) has commissioned two units of 14 Megawatts each at Salma Hydro Electric Project in Afghanistan.
• In the execution of the Salma hydro project, BHEL faced numerous challenges in the movement of men and material through difficult terrains.
7. Indo-Nepal boundary pillars to be GPS-enabled
• Over 8,000 boundary pillars along the Indo-Nepal border will be equipped with positioning system using Global Navigation Satellite System, allowing authorities for the first time to effectively manage the more than 1,700-km-long porous boundary.
• The Nepal-India Boundary Global Navigation Satellite System (NIB GNSS) would be used for Nepal-India boundary pillars.

1. Nestle named Ukf Mark Schneider as CEO
• Food and Beverage multinational Nestle SA named Ulf Mark Schneider as its next Chief Executive Officer (CEO).
• He is the CEO of Fresenius, a Germany-based healthcare company. He will join Nestle on 1 September 2016 and start as CEO on 1 January 2017.
• He will succeed incumbent CEO Paul Bulcke, who will resign from the position on 31 December 2016.

1. New train between Sonepat and Jind
• Railway Minister Suresh Prabhu flagged off a maiden train on the 81km long railway line between Sonepat and Jind and stressed the need to create infrastructure to promote growth and meet future challenges.
• Mr Prabhu described Punjab, Haryana and Chandigarh “as the growth triange of India.
2. CSIR’s CRRI validates usage of Ghazipur Municipal Waste to NHAI for earth-filling in construction of highways
• NHAI had entrusted the assignment of technically verifying whether Solid Waste Material generated from Municipal/City waste can be utilized for highway construction to CSIR-Central Road Research Institute (CRRI).
• The CSIR-CRRI conducted a study by collecting 70 tonnes of Municipal Solid Waste from different locations from Ghazipur land fill site of Municipal Corporation of Delhi.
3. Coca Cola to set up plant in Uttarakhand
• Coca Cola will set up a bottling plant in Sitarganj in 70 acres of land to be provided by the Uttarakhand government.
• Few years back, Chharba village residents had opposed the Coca Cola plant on the environmental grounds.

1. Microsoft launches prototype mosquito trap
• Technology giant Microsoft launched a prototype trap for detecting mosquito-borne illnesses like dengue and Zika.
• The prototype trap is being developed as part of the Microsoft's Project Premonition - a novel autonomous system for monitoring, detecting and preventing emerging infectious disease outbreaks and marks the company's biggest innovation in trap technologies.

1.Union Home Minister chairs 22nd meeting of Eastern Zonal Council at Ranchi
• The Union Home Minister Shri Rajnath Singh chaired the 22nd meeting of the Eastern Zonal Council held at Ranchi, Jharkhand.
• Council consisting of the states of Jharkhand, Bihar, Odisha and West Bengal, discussed the issues like modernisation of State Police Forces, curb communal tension and Left Wing Extremism (LWE), drug trafficking, measures for bringing Green Revolution to Eastern India, issues relating to fisheries, productivity of livestock and poultry to usher Blue Revolution.

1. National inter-State senior athletics begins in Hyderabad
• 56th National inter-State senior athletics championships begin at the G.M.C. Balayogi Stadium (Gachibowli).It is a qualifying event for the Rio Olympics.
• As many as 744 athletes, including 264 women from 26 states will take part in the five-day event.

1. Modernization of zoo parks
• The governing body of Zoos and Parks Authority of Telangana (ZAPAT), headed by Minister for Forests and Environment Jogu Ramanna, decided to take up modernization of zoo parks in the State by improving facilities for visitors and increasing enclosures of fauna.
• After adopting the annual plan for 2016-17, the meeting reviewed the conditions of zoos and parks in the State and decided to increase security by installing high security fencing and continuous surveillance with closed circuit television cameras.
2. Container cargo: Vizag poised to become a regional hub
• With growing emphasis on promoting transshipment and efforts to set up ‘dry ports’ (Inland container depots) by Visakhapatnam Port Trust in Telangana, Odisha, and Chhattisgarh, Visakhapatnam has bright prospects to emerge as a regional hub for container cargo.
• The steady growth at the all-weather container terminal developed by Visakha Container Terminal Private Ltd (VCTPL), a BOT operator, and availability of huge hinterland extending up to 700 km on the East Coast, have led to brisk business at container freight stations (CFS). VCTPL and others are also developing CFS.

1. India maintains the third position in ICC ODI team rankings
• India mantained its number three position in the recently released MRF Tyres ICC ODI Team Rankings which is being headed by world champions Australia.

• With 110 rating points in its kitty, India are placed below Australia (123) and second-placed New Zealand (113).