4 Jun 2016

Daily Current Affairs Updates– 4th June 2016

Daily Current Affairs Updates– 10th May 2016
Daily Current Affairs Updates–4th June 2016:
Daily Current affairs News Updates about the National and International events were listed here. Candidates those who are preparing for IBPS/SBI/PO/Clerk exam and all other competitive exams can use this.


NATIONAL:
PM inaugurates Afghan-India Friendship Dam in Herat:

·        Prime Minister Narendra Modi and Afghanistan President Ashraf Ghani jointly inaugurated the Afghan India Friendship Dam, earlier know as Salma Dam in Herat.
·        One thousand seven hundred crore rupee Afghan-India Friendship Dam is a multipurpose project, which is undertaken by India is expected to irrigate 75 thousand hectares of land and generate 42 mega watt power.
·        It will also provide water supply and other benefits to local people.
·        Located at 165 km east of Herat town and connected with earthen road, the execution of project was a very difficult task.
Government to launch Shala Asmita Yojana this month: Smriti Irani
·        Human Resources Development Minister Smriti Irani has said government will launch Shala Asmita Yojana, it aims at tracking the educational journey of close to 25 crore school students from Class I to Class XII across 15 lakh schools in the country.
·        Ms. Irani said it will probably be the world’s largest student tracking system. She said this will lead to better facilities for students.
·        An IIT Pal portal and mobile app was on the cards to help students.
·        These would make available question papers of IITs and also have lectures by renowned professors to help aspirants.
·        For the first time, all NCERT books have been made available free of cost on e-portal.
Asian Development Bank (ADB), government sign deal for $200M loan to Jharkhand:

·        The government signed an agreement with the Asian Development Bank (ADB) for the latter to loan $200 million to upgrade 176 km of state roads in Jharkhand.
·        The total cost of the project, due to be completed by December 2019, is $306.25 million. The Jharkhand state government will finance the remaining amount, the Finance Ministry said.

CCEA approved Minimum Support Prices for Kharif Crops for 2016-17 Season:
·        The Cabinet Committee on Economic Affairs (CCEA), chaired by the Prime Minister Narendra Modi approved for Minimum Support Prices (MSPs) for Kharif Crops of 2016-17 season.
·        The prices will come into effect from effective from 1 October 2016.  The higher MSPs would increase investment and production through assured remunerative prices to farmers.
·        The approved MSP is based on recommendations of Commission for Agricultural Costs and Prices (CACP) which takes into account the cost of production, overall demand-supply among others.
·        Above the recommendations of the CACP, the CCEA decided to give a bonus of 425 rupees per quintal for Kharif pulses like Arhar (Tur), Urad and Moong, a bonus of 200 rupees per quintal for Sesamum and a bonus of 100 rupees per quintal for kharif oilseeds like Groundnut-in-shell, Sunflowerseed, Soyabean, and Nigerseed.
India will not have power deficit for the first time in history:

·        India will not have a power deficit this year, a first time in history.
·        The country will have a surplus of 3.1% during peak hours and 1.1% during non-peak hours during 2016-17, latest data from the Central Electricity Authority shows.
·        This is the first time that the country has declared a year of no shortage though many regions have had power surplus for shorter periods. In 2015-16, the peak hour deficit stood at -3.2% while non-peak hour deficit was at -2.1%. The deficit was as high as 13% about a decade ago.
Singapore International Arbitration Centre to open Representative Office at GIFT City:
·        Singapore International Arbitration Centre (SIAC) in June 2016 signed a Memorandum of Agreement (MoA) with Gujarat International Finance Tec-City Company Limited (GIFTCL) and GIFT SEZ Limited (GIFT SEZ) to establish a representative office in India.
·        The representation office will be located in the Gujarat International Finance Tec-City (GIFT City).
·        The center will be instrumental in resolving international commercial disputes. It will also promote SIAC's arbitration services to Indian users.
Assam Assembly passes Ease of Doing Business Bill:

·        Assam Assembly has passed the Assam Ease of Doing Business Bill, 2016.
·        The bill has the provision for speedy processing of applications and issue of clearances for setting up industries.
·        Commerce and Industries minister Chandra Mohan Patowary said that the state government proposed to enact the legislation to facilitate the enterprises with a view to attract fresh investment in the state through an easy computerised clearance system.
·        The basic aim of the bill is to create an investment-friendly environment for economic development of the state.
·        The bill provides for establishing a bureau under the name and style of Assam Bureau of Investment Promotion for the purpose of overall supervision and administration of the speedy processing of applications and issue of various clearances.
Amritsar to get 1947 partition Museum:
·        A museum dedicated to the Partition of India in 1947 will be set up at the Town Hall in Amritsar.
·        This was announced by Kishwar Desai, Chair of the Arts and Cultural Heritage Trust, which has initiated the project.
·        The museum will house the memories and documentation of one of the most important events that affected India, the trust said.
Swachh Bharat: 100 iconic sites to be cleaned

·        The Centre has decided to undertake a clean-up initiative at 100 iconic heritage, spiritual and cultural sites under the Swachh Bharat Mission.
·        Ten iconic places have been shortlisted for the implementation during its first phase.
·        This includes Taj Mahal (UP), Golden Temple (Punjab), Ajmer Sharif (Rajasthan), Vaishno Devi (J&K), Jagannath Puri (Odisha), Meenakshi Temple (Tamil Nadu) among others.
Government announces national competition for students:
·        HRD Minister Smriti Irani announced that the government will start a national-level competition to promote research and innovation among students from August 15.
·        Under this, students will submit their research proposals and contribute their ideas directly to the central government.
·        Addressing an event in Pune, Irani asked students to suggest a name, logo, and slogan for the competition.
INTERNATIONAL:
Sweden best country in the world, India ranks 70th:

·        Sweden raised its standard by acclaiming best country in World which is named in the ‘Good Country’ 2015 index.
·        India positioned at the 70th position among 163 nations.
·        India’s best ranking of 27 in International peace and security whereas poor ranking of 124 in prosperity and equality category.
·        Libya was ranked as the least “good” country in the world.
India, Tunisia sign MoUs for co-operation in IT, handicrafts sector:
·        India and Tunisia have signed two MoUs on promotion of handicrafts and IT and communication and digital economy as Vice President Hamid Ansari met Tunisian Prime Minister Habib Essid and discussed a range of issues of mutual and regional interests.
·        Two MoUs – one on traditional handicraft promotion and other on IT and Digital economy – were signed after Mr Ansari and Mr Essid held one-on-one talks which were followed by the delegation-level talks between the two sides.
·        India will also train 350 Tunisian students in next five years. The two sides will promote each other’s traditional handicraft and increase mutual cooperation in the IT and related sectors, including digital economy. Mr Ansari said appreciated Tunisia’s support for India’s candidature to the UN Security Council.
France declares flood emergency after River Seine burst its banks:

·        France has declared flood emergency after the River Seine in Paris burst its banks in some places displacing thousands of people.
·        President Francois Hollande made the announcement, saying compensation will be paid to those affected by the worst flooding, to hit the French capital. Paris Mayor Anne Hidalgo has ordered some parks to close.
·        The River Seine in Paris is at its highest level for more than 30 years, with floods forcing to close parts of the metro systems and major landmarks.
China to participate in US-hosted naval drill:
·        China will send five ships to participate in a United States-hosted naval drill this summer.
·        The Rim of the Pacific exercise (RIMPAC), the world's largest international maritime exercise, is conducted in June and July, every two years in Hawaii.
·        Notably, China and US have exchanged words over the South China Sea issue. China earlier participated in the RIMPAC in 2014.
APPOINTMENTS:
NK Chari is the new State Bank of Mysore MD:
·        N.K.Chari took charge as the new Managing Director of State Bank of Mysore. Prior to his new appointment, he was the Deputy Managing Director of State Bank of India with an immediate effect from 30th May.
·        Chari had served as the Chief Operating Officer in National Banking Group of State Bank of India. He has also headed the Mid Corporate Vertical of State Bank of India.
·        Chari was a Master Graduate in commerce from Delhi University, joined State Bank of India as a Probationary Officer in 1978.
·        He has also served as the Managing Director of Nepal SBI Bank for four years stint.
State Bank of Mysore:
ü  Headquarters: Bengaluru.
ü  Established: 1913
ü  Slogan: Working for a better Tomorrow.
Nita Ambani nominated for International Olympic Committee:
·        Reliance Foundation’s Founder and Chairperson Nita Ambani has just been nominated as a member by the International Olympic Committee.
·        She will become the first Indian woman ever to be recommended for the esteemed position.
·        Her appointment is subject to the 129th IOC elections in Rio de Janeiro in August this year as this nomination is acknowledgement of her work in promoting education and sports.
International Olympic Committee:
ü  Headquarters: Lausanne, Switzerland
ü  Founded: 1894.
ü  President: Thomas Bach
Goa-born Sayonara Luxton takes charge as UK royal borough mayor:
·        Goa-born Sayonara Luxton has taken charge as the mayor of the Royal Borough of Windsor and Maidenhead in southeast England.
·        Councillor Luxton, in her 60s, had been serving as the deputy mayor of the area for the past year and was proposed to take over by former mayor Councillor Dee Quick.
·        Luxton moved from Goa to Dubai at the age of 21 to join other members of her family and had a successful career with Airbus Industries. She is in her third term as Sunningdale Councillor.
Alphabet's Nest Labs CEO Tony Fadell steps down:
·        Tony Fadell, Founder and CEO of Alphabet subsidiary and smart home devices maker Nest Labs stepped down as the CEO of the company.
·        Fadell will join Google Co-founder and Alphabet CEO Larry Page as an advisor.
·        Marwan Fawaz, who has previously worked with Motorola Home, Charter Communications and others, has been named the new CEO of Nest Labs.
Maharashtra Revenue Minister Eknath Khadse quits:
·        Maharashtra Revenue Minister Eknath Khadse met CM Devendra Fadnavis and tendered his resignation.
·        Khadse had been facing allegations over an illicit land deal in Pune and was alleged of receiving calls on his phone from gangster Dawood Ibrahim.
BANKING :
Bombay Stock Exchange(BSE) gets RBI nod for e-bidding of gold bonds:
·        The Bombay Stock Exchange (BSE) has said it has received approval from the RBI to start an online bidding platform for the Sovereign Gold Bond (SGB) scheme.
·        Under the initiative, gold-denominated bonds are issued by the government as an alternative to physical holding of gold.
AWARDS AND HONOURS:
PM Modi awarded Afghan's highest civilian honour:
·        Prime Minister Narendra Modi was conferred with Afghanistan's highest civilian honour, the Amir Amanullah Khan Award.
·        Reacting to it, Ministry of External Affairs spokesperson Vikas Swarup tweeted, "A true brotherhood is honoured."
·        Earlier, Modi landed in Afghanistan on the first leg of his five-nation tour and inaugurated the Afghan-India Friendship Dam in the country's Herat province.
Indian Sudarsan Pattnaik wins gold at World Sand Art Championship:
·        Indian sand artist Sudarsan Pattnaik won the gold medal in the people's choice category at the World Sand Art Championship in Bulgaria.
·        Pattnaik won the prize for his sand sculpture titled 'Drugs Kill Sports' where he depicted cyclist Lance Armstrong and tennis player Maria Sharapova, who have faced charges of using drugs to enhance performance
India Post releases Amazon India stamp:
·        The India Post released a Rs.5 stamp called 'My Stamp' to mark the third anniversary of the ​online marketplace, Amazon India’s services across the country.
·         “The department of post has released ‘My Stamp’ for the first time to commemorate a milestone with an e-commerce marketplace. The launch reinforces the Amazon-India Post relationship," an official said.
BUSINESS AND ECONOMY:
HDFC Ergo buys L&T General Insurance for Rs 551 crore:
·        India’s fourth largest private sector general insurer HDFC ERGO General Insurance armhdfc-ergo of mortgage lender HDFC has acquired L&T General Insurance Co. Ltd in an all-cash agreement worth of Rs.551 crore.
·        HDFC ERGO General Insurance Co. Ltd, the non-life insurance is 51:49 joint venture between housing finance major HDFC and global insurance major ERGO International Germany,
·        The ERGO is mulling significant cost synergies arising out of business, technology optimization and rationalization of offices.
Flipkart launches its own eSports tournament:
·        E-commerce giant Flipkart has launched Flipkart Gaming Online Championship (FGOC), an online eSports tournament being held between June 3 and July 11.
·        The tournament will feature four games, namely FIFA, Counter Strike: Global Offensive (CS:GO), League of Legends (LOL) and Defense of the Ancients 2 (DotA 2).
·        Gamers can register for the same on a Facebook page named "Flipkart Gaming".
Tata Trusts, MP government join hands to work in healthcare:
·        Tata Trusts and Madhya Pradesh government jointly signed an agreement on implementing interventions in healthcare areas like nutrition, mental health and cancer care in the state.
·        As part of MoU between the sides, Tata Trusts will also work together with the state government in supervising successful execution of the identified programme.
·        This partnership aims is to improve the health indicators in areas of cancer, mental health and nutrition in a focus on high-priority districts of Madhya Pradesh.
Jubilant gets USFDA nod for epilepsy injection:
·        Noida-based drug firm Jubilant Life Sciences has received final approval from the US Food and Drug Administration (USFDA) for its generic Levetiracetam injection, used for the treatment of epilepsy, in the American market, the company said​ in a filing.
·        The formulation is similar to Belgium pharmaceutical major UCB's injection in the same strength, it added.
SCIENCE AND TECHNOLOGY:
NASA successfully deploys BEAM, first inflatable room attached to ISS:
·        US space agency NASA successfully deployed the first experimental inflatable room attached to the International Space Station (ISS).
·        NASA Astronaut Jeff Williams began introducing air into the Bigelow Expandable Activity Module.
·        The 1,400 kg Bigelow Expandable Activity Module (BEAM) was built by Las Vegas-based Bigelow Aerospace under a $17 million NASA contract.
·        BEAM was launched to the orbiting lab last month in an effort to test and validate expandable habitat technology.
60 nations to monitor emissions using satellites:
·        As many as 60 nations, including India, have agreed on a general framework for the first time to use satellites and coordinate methods of monitoring greenhouse gas emissions.
·        The nations will now inter-calibrate their satellite data to create easily accessible ‘big space data’.
·        Notably, 26 of the 50 essential climate variables that are monitored can only be measured from space.
SPORTS:
Paes-Hingis complete mixed doubles career slam:
·        Martina Hingis and Leander Paes each completed a career Grand Slam in mixed doubles after winning the 2016 French Open final against Sania Mirza and Ivan Dodig 4-6, 6-4, 10-8.
·        This was the 18th Grand Slam title and 10th in the mixed doubles for Paes while, for Hingis, it was the 22nd Grand Slam of her career.
India’s Shubham Jaglan Clinches Maiden European Junior Golf Title:
·        Shubham Jaglan, India’s 11-year-old golf prodigy, bagged his first-ever European Junior Championship, by a massive 13 strokes, at the Craigielaw Golf Club in Longniddry, Scotland.
·        The tournament is a prelude to the prestigious World Championships – which will essentially host the same playing field as the European Championship.
·        The Haryana-lad also won the Junior World Golf Championships and Junior Golf Academy World Stars in 2015. In 2013, he won the World Junior Golf Tournament.
International Olympic Committee (IOC) unveils first ever team of refugees:
·        The International Olympic Committee (IOC) has unveiled its first ever team of refugees which will have 10 members and 12 officials and will compete at the 2016 Rio de Janeiro Games under the Olympic flag.
·        The team includes five athletes from South Sudan, two from Syria, two from Democratic Republic of Congo and one from Ethiopia. The athletes, six men and four women, will compete in the sports of swimming, judo and athletics.
·        They include swimmer Yusra Mardini from Syria who trains in Germany, South Sudanese middle distance runner Rose Nathike Lokonyen, living in a refugee camp in Kenya, and democratic Republic of Congo judoka Yolande Bukasa Mabika, training in Brazil.
OBITUARY:
Actor-director Balu Anand passes awayActor-director-Balu-Anand-passes-away:
·        Famous actor and director, Balu Anand has died due to a massive heart attack in Coimbatore. He was 61 years old.
·        The actor has appeared in in some 100 films like Pistha, Anbe Sivam, Anna Nagar Mudhal Theru among others. He has also directed a few Tamil movies.
Boxing legend Muhammad Ali dies at age 74:
·        The former world heavyweight boxing champion Muhammad Ali, one of the world's best-known sportsmen, died at a hospital yesterday in the US city of Phoenix, Arizona.
·        He was suffering from a respiratory illness, a condition that was complicated by Parkinson's disease.

·        He received the highest US civilian honor, the Presidential Medal of Freedom, in 2005.





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