Current Affairs Daily Updates: 10th June 2017

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Current Affairs Daily Updates: 10th June 2017
SEBI clears Vikram Limaye as NSE chief
  • Capital market regulator SEBI has given conditional approval for the appointment of Vikram Limaye as the MD and CEO of the NSE.
  • SEBI had delayed clearing his appointment as he was also part of the four-member Supreme Court-appointed panel managing the affairs of the Board of Control for Cricket in India. His term with the BCCI ends in August 2017.
Canara bank partners with New India Assurance
  • Canara Bank has inked pact with the state-owned general insurer The New India Assurance Co to sell policies through its branches.
  • The tie-up will offer personal products such as motor insurance, home insurance, health insurance, travel insurance besides commercial policy coverages like fire insurance, marine insurance and engineering insurance.
SBI reduces interest rate on home loan of above Rs. 75 lakh by 10 bps to 8.6%
  • State Bank of India has cut the interest rate on home loans above Rs. 75 lakh by 10 basis points (bps) to 8.55%-8.6%, with effect from June 15.
  • The revised interest rates will be 8.55% pa (per annum) for salaried women borrowers.
  • For others, the rate of interest will be 8.60% pa.
Indian Overseas Bank launches retail mart in Thiruvananthapuram
  • Indian Overseas Bank (IOB), the Lead Bank for Thiruvananthapuram district, has launched the Retail Mart, a retail lending concept, in Kerala's capital city.
  • The Retail Mart has been designed with an aim to complete all the pre-release formalities at the customer’s doorstep and sanction quality retail loans at a competitive rate of interest with a minimum turnaround time.
Wipro declares Donald Trump as a potential 'threat to business' for Indian IT industry
  • Information Technology giant Wipro has become the first Indian business house to declare the President of the United State, Donald Trump as a potential 'threat to business', in its annual filing with the US Securities and Exchange Commission.
  • Reason:- Trump’s protectionist policies including his decision to withdraw from multi-lateral trade deals like the Trans-Pacific Partnership Agreement have been of great concern for IT services firms like Wipro, Infosys, L&T, Cognizant etc.
  • Trump had brought in curbs to the H1-B professional visa, that is widely used by the Indian IT industry.
TCS launches BaNCS app development kit to help banks creating their own apps
  • Tata Consultancy Services (TCS) has announced the launch of the BaNCS app development kit that will help financial institutions develop their own apps and deploy it across devices.
  • Head of TCS BaNCS Digital - Sathish Vallat.
  • Full form of BaNCS in Banking - Bank Assessment for Non-point source Consequences of Sediment.
Rajya Sabha member Palvai Govardhan Reddy passes away
  • Veteran Cong (I) leader and Rajya Sabha member from Telangana, Palvai Govardhan Reddy, died of cardiac arrest in Kulu, Himachal Pradesh.
  • Palvai was first elected to the Legislative Assembly in 1967 from Munugodu constitutency in Nalgonda district in the United Andhra Pradesh.
  • He went on to represent it five times, then served two terms as a Council member. He became a member of the Upper House of Parliament in April 2012.
China condemns Europeon Union for new steel anti-dumping duties
  • China has condemned the European Commission for imposing new anti-dumping duties on its steel products.
  • EU (Europeon Union) would levy duties of up to 35.9 percent on Chinese hot-rolled flat steel.
India, Pakistan become full members of SCO
  • Capping a two-year-long process, India and Pakistan have became full members of the Shanghai Cooperation Organisation (SCO), a China-dominated security grouping that is increasingly seen as a counterweight to NATO.
  • India’s membership was strongly pushed by Russia while Pakistan’s entry into the grouping was backed by China.
  • With the expansion of the grouping, the SCO will now represent over 40 per cent of humanity and nearly 20 per cent of the global GDP.
  • The SCO was founded at a Summit in Shanghai in 2001 by the Presidents of Russia, China, Kyrgyz Republic, Kazakhstan, Tajikistan and Uzbekistan.
  • India, Iran and Pakistan were admitted as observers at the 2005 Astana Summit.
SATH program launched by NITI Aayog
  • NITI Aayog has launched SATH, a program providing ‘Sustainable Action for Transforming Human capital’ with the State Governments.
  • Vision of SATH Program:- To initiate transformation in the education and health sectors.
  • This program will be implemented by NITI along with McKinsey & Company and IPE Global consortium in three selected states after the signing of MoUs.
President Pranab Mukherjee launches 'Selfie with Daughter' mobile app
  • President Pranab Mukherjee launched the 'Selfie with Daughter' mobile application.
  • Aim:- To Raise awareness about female foeticide and sex selection.
  • The campaign was started by Sunil Jaglan in June 2015 in village Bibipur in Haryana's Jind district.
1st Indian Railways Human Resources Round Table Conference held
  • Minister of Railways Shri Suresh Prabhakar Prabhu inaugurated Indian Railways' 1st HR Round Table Conference.
  • Aim of the Conference:- Improving the productivity of the human resources through inter-change of ideas with various stakeholders and HR practitioners and academics.
  • Themes:- The Conference was organized around three themes i.e.
    • (i) Stakeholders Expectations from HR;
    • (ii) The Future of Work – HR Role;
    • (iii) Creativity Within Constraints.
India grants road contract to complete Kaladan project in Myanmar
  • Kaladan was the first major project taken up by India in Myanmar. $484-million Kaladan multi-modal transport projects will offer connectivity to Mizoram in India.
  • Rs. 1,600-crore contract has been awarded for building 109-km road connecting Paletwa river terminal to Zorinpui in Mizoram border, under this project.
22nd European Union Film Festival (EUFF) kicked off in New Delhi
  • The 22nd European Union Film Festival (EUFF) kicked off in New Delhi which will screen 22 films from 22 European countries at Siri Fort Auditorium.
  • Aim:- To improve cultural ties between India and European countries.
  • Inaugural session of the film festival opened with Estonian film 'Cherry Tobacco'
GST Council constitutes 18 Sectoral Groups for smooth roll-out of GST
  • As decided in the 14th Meeting of the GST Council held on 18th-19th May, 2017 in Srinagar, J&K, 18 Sectoral Groups have been constituted representing various sectors of the economy in order to ensure smooth roll-out of GST.
  • These 18 Sectoral Groups representing various sectors of the economy and containing Senior Officers of the Centre and the States are being set-up to ensure smooth implementation of GST by timely responding to the issues and problems of their respective Sector(s).
  • In fact, they are being with the following objectives:
    • Interact and examine representations received from trade and industry associations/bodies of their respective sector.
    • Highlight specific issues for the smooth transition of the respective sector to the GST regime.
    • Prepare sector specific draft guidance.
International Olympic Committee approves 15 new events for 2020 Tokyo Games
  • The International Olympic Committee’s (IOC) Executive Board added 15 new events for the 2020 Olympics to be held in Tokyo.
  • Tokyo Games would include 321 events, up from 306 at Rio 2016.
All India Football Federation's player of the year 2016 Awards
  • India and Mohun Bagan striker Jeje Lalpekhlua received the All India Football Federation's (AIFF) inaugural player of the year 2016 award.
  • Sasmita Malik was adjudged the 2016 AIFF Women's player of the year.
  • Sunil Chettri, India's most prolific goal scorer ever with 53 goals from 93 matches, received a Special Award for surpassing the milestone during the last year.
  • Other Important Persons:- AIFF President - Praful Patel;
  • AIFF General secretary - Kushal Das.