1 Jul 2016

Daily Current Affairs Updates– 1st July 2016

Daily Current Affairs Updates– 10th May 2016
Daily Current Affairs Updates– July 1st 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.


DAYS TO REMEMBER:
INTERNATIONAL JOKES DAY: July 1st
National Doctor's Day: Greed, Lack Of Firm Laws Allow Unethical Practices To Flourish
·    1 July is observed as Doctor's Day in India to honour the legendary physician and the second Chief Minister of West Bengal, Dr Bidhan Chandra Roy. He was born on 1 July, 1882 and died on the same date in 1962, aged 80 years.
·        Dr Roy was honoured with the country’s highest civilian award, Bharat Ratna on 4 February, 1961.
·        This is a significant day for doctors as it provides them with an opportunity to reflect on their career and remind themselves about practicing the art and science of Medicine and Surgery in an ethical manner.

NATIONAL:
Kerala Government To Ban E-Cigarettes
·   The Kerala government decided to ban the production, sale, and advertisement of e-cigarettes in the view of studies claiming that its use can cause health issues like cancer and heart ailments.
·      The device, that emits doses of vaporised​ nicotine, is being marketed in the state through unauthorised courier services and online websites, an official release said.
Teacher Education Portal 'Prashikshak' Launched
·     HRD Minister SmritiIrani launched a teacher education portal, 'Prashikshak', which aims at bringing quality teachers to Indian schools.
·       The portal has now been launched for district-level teacher training institutes only and will be extended to the block-level in future.
·   Further, the portal will help both the Centre and states to monitor these institutes on a real-time basis.
Nhai Gets Green Nod For Rs1,246-Cr Up Road Upgradation Project
·   National Highways Authority of India (NHAI) has received environment clearance for updgrading the 146-km long carriageway of Kanpur (Chakeri) to Allahabad section of NH-2 in Uttar Pradesh at a cost of Rs 1,246 crore.
·     The approval has been given subject to the compliance of the specific and general conditions, the official said.The total cost of the project would be Rs 1,246 crore.
·     The total length of the proposed road section is 145.31 km, which passes through three districts — Kanpur (23.7 km), Fatehpur (90.33 km) and Kaushambi (32.2 km) in UP.
Union Cabinet Approves Recommendations Of 7th Pay Commission
·        Union Cabinet on 29 June 2016 approved the recommendations of the 7th Pay Commission.
·        The salaries and arrears, effective from 1 January 2016, will be made applicable.
·        The commission recommended 23.55 percent hike in pay and allowances of government employees.
·        This implementation of the recommendations will put an additional burden of 1.02 lakh crore rupees on the exchequer annually or nearly 0.7 percent of GDP.
·        The minimum pay for government employees is recommended to be set at 18000 rupees per month against Rs. 7000.
·        The maximum pay is recommended to be Rs. 2,25,000 per month for Apex Scale and Rs. 2,50,000 per month for Cabinet Secretary and others presently at the same pay level.
·        The increase in pay will be 16 percent, increase in allowances will be 63 percent and increase in pension will be 24 percent.
PM Sets 10-Day Deadline For Officials On Grievance Redressal
·        Prime Minister NarendraModi questioned officials over the large volume of complaints related to the e-commerce sector, such as booking of tickets and hotel reservations, and set a deadline of 10 days for them to furnish a follow-up action report on grievance redressal.
·        Modi reviewed the progress towards handling and resolution of consumer grievances at the meeting of PRAGATI (Pro-Active Governance and Timely Implementation), an ICT- based multi-modal platform for interaction with bureaucracy at the Centre and in states.
GST To Be Present In Monsoon Sessions: Venkaiah Naidu
·        Union minister M. Venkaiah Naidu today said that the government has taken the decision of passing the Goods and Services Tax (GST) Bill during the Monsoon Session of Parliament, which starts from July 18 and will go on till August 12.
·        Briefing media after a meeting of the union cabinet here, Naidu said, "A lot of bills are pending in both the houses of RajyaSabha and LokSabha, and some are in Standing Committee. We will speak to all parties regarding the bills, even if it requires personal talks."

INTERNATIONAL:
Obama Signs Bill Easing Access To Govt Records
·        United States President Barack Obama signed into law measures to give the public greater access to government documents and records under the Freedom of Information Act.
·        The new law requires agencies to consider releasing records instead of presuming the information is secret. It also places a 25-year-limit on the government's ability to withhold documents related to decision-making.
US Launches Scholarship Program For Afghan Women
·        The U.S. Embassy in Afghanistan launched a program to help advance educational opportunities for Afghan women.
·        Funded by the U.S. Agency for International Development (USAID), the Promote Scholarship Program will provide aid to 720 Afghan women over the next five years.
Istanbul Ataturk Airport Attack: Deaths Rise To 42 As Turkey Mourns
·        Turkey has observed a national day of mourning after a gun and suicide bomb attack on Istanbul’s Ataturk airport killed 42 people, including 13 foreign nationals.
Putin Extends Russia’s Western Food Embargo Until End Of 2017
o   Russian President Vladimir Putin has signed a decree on the extension of embargo on food imports from the EU and some other countries until December 31, 2017, according to a document posted on the government’s legal information portal on June 30.
International Solar Alliance Cell And World Bank Signs Declaration For Promoting Solar Energy
·        On the occasion of the visit of the World Bank President to India, the Interim Administrative Cell of the International Solar Alliance (ISA Cell) and the World Bank declared their intention to promote solar energy globally.
·        Major areas identified for working jointly include:
§  Developing a roadmap to mobilize financing
§  Developing financing instruments including credit enhancement, reduce hedging costs/currency risk, bond raising in locally denominated currencies etc. which support solar energy development and deployment
§  Supporting ISA's plans for solar energy through technical assistance and knowledge transfer;
§  Working on mobilization of concessional financing through existing or, if needed, new trust funds
§  Supporting RE-INVEST events. In addition, both sides decided to work in other areas and themes as jointly decided. France was represented by H.E MrChristan TESTOT, Minister Counsellor and Mr. Franis-Joseph Schichan, Second Counsellor (Political), French Embassy in India

BANKING NEWS:
No Pre-2005 Note Exchange At Banks From July 1
·        The Reserve Bank of India said pre-2005 banknotes can now be exchanged only at select RBI offices (and not banks) from July 1, as most of these notes have been withdrawn from circulation.
·        The RBI, however, has clarified that the pre-2005 banknotes will still remain a legal tender. According to RBI, pre-2005 notes have comparatively fewer security features.
Apr-May Fiscal Deficit At 43% Of Annual Estimate
·        The Centre's fiscal deficit for the first two months (April-May) of the financial year 2016-17 stood at 42.9% of the Budget estimates, as per the Controller General of Accounts' data.
·        The fiscal deficit for the same period last year was 37.5%. The total receipts (from revenue and non-debt capital) stood at 4.8% of the estimates as against 4.4% last year.
World Bank Commits $1bn For India Solar Projects
·        The World Bank on Thursday said it will lend over $1 billion to India for its solar energy projects.
·        This comes after PM NarendraModi sought climate change funds from the World Bank President.
·        This is the global lender's biggest solar aid to any country. Notably, India plans to increase its solar potential 30 times to 100 gigawatts by 2020.

BUSINESS NEWS:
CBDT Notifies Rules For Foreign Tax Credit, FMV
·    Corporates earning income abroad will be able to claim credit for taxes, surcharges and cesses paid abroad with the tax department notifying Foreign Tax Credit rules.
·        The rules, which come into effect from April 1, 2017, allow taxpayers to claim credit of foreign tax under dispute, once it is finally settled. FTC, however, will not be allowed in case of interest, fee or penalty.
·        In a separate notification, the CBDT also notified rules for calculating ‘fair market value’ of assets located in India in case of indirect transfer by multinational companies for the purpose of tax levy.
Model Shops And Establishment Act Is Progressive And Employment Booster: FICCI
·        The Union Cabinet's move of clearing the Model Shops and Establishment (Regulation of Employment and Conditions of Service) Bill, 2016, on Monday has been praised by the FICCI Retail and Internal trade committee.
·        The law encourages shops, malls and cinema halls, among other establishments to run 24x7 throughout the year.
·        Previously this freedom of running is only for manufacturing industries and IT sectors.

APPOINTMENTS:
Anil Kumble Takes Charge As Head Coach Of Indian Team
·        Anil Kumble officially took charge as the head coach of the Indian team and urged his wards to retain their fighting spirit as they geared up for a packed season.
·        India will start a packed season beginning next month. They will play 17 Tests, including 13 at home, eight ODIs and three T20s.
·        Kumble’s first challenge will commence at the West Indies where India play a four-Test series in July-August
Tripura Governor Gets Additional Charge Of Arunachal
·        Tripura Governor Tathagata Roy was given additional charge of Arunachal Pradesh during JP Rajkhowa’s absence on leave.

AWARDS AND HONORS:
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’ has 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, according to Bopanna.
·        ‘The Romance of Indian Coffee’ was published in 2011, and takes a 360-degree view of Indian coffee.

SCIENCE AND TECHNOLOGY:
India Successfully Test-Fires Surface-To-Air Missile For Second Day
·        India successfully test fired the new surface-to-air missile, developed jointly with Israel, with a strike range upto 70 km, from a defence base off Odisha coast, a day after two rounds of similar trials were conducted.
·        "The test was successful. With this, DRDO has created history by conducting three consecutive trials of the medium range missile successfully in two days," a DRDO official said.
·        The test was conducted to validate various parameters and it met the mission requirements. The missile was test launched successfully twice on Thursday, he said.
·        The medium range missile (MR-SAM) for the IAF was successfully test launched from a mobile launcher in the Integrated Test Range (ITR) at Chandipur at around 10.26 hours, a DRDO official said.
MR-SAM Developed By India, Israel Successfully Test-Fired
·        The medium range surface-to-air missile missile (MR-SAM) developed jointly by India and Israel was successfully test-fired. During the test, the missile was launched from a mobile launcher in the Integrated Test Range (ITR) at Chandipur, Odisha.
·        After getting signal from the radars, the missile successfully intercepted a moving aerial target supported by unmanned air vehicle (UAV) ‘Banshee’.
·        The MR-SAM has been developed jointly by Defence Research and Development Laboratory (DRDL), a laboratory of the DRDO in collaboration with Israel Aerospace Industries (IAI).

SPORTS NEWS:
Cricket In 2024 Olympics If Rome Wins Host BID
·        The Italian Cricket Board President has revealed that cricket will be a part of the 2024 Olympics if Rome gets to host the tournament.
·        As per new rules, host cities will have the opportunity to add five sports to the Games.
·        Other cities vying for host status are Paris, Los Angeles and Budapest, with France also keen to add cricket.
Portugal Beat Poland On Penalties To Reach Semis
·        Portugal went through to the semifinals of 2016 UEFA EURO, beating Poland 5-3 on penalties after the match had ended 1-1 after extra time at Marseille.
·        After Robert Lewandowski had opened the scoring for Poland in the second minute, Renato Sanchesequalised for Portugal in the 33rd minute.
·        This is Portugal's fifth semi-final appearance in their last seven EUROs.
Sameer Emerges Fastest Athlete Of Nat'l Inter-State Athletics
·        Veteran sprinter Sameer Mon has won gold in 100 metre at the 56th National Inter-state Senior Athletics Championships in Hyderabad. Representing Manipur, Sameer clocked 10.60 seconds to become the fastest athlete in the country.
·        Karnataka athlete Reena George's switch-over from 400 metre to 100 metre proved successful as she won the women's 100 metre dash in 11.99 seconds. KhyatiVakharia of Karnataka cleared a season best 3.80 metre to win the women's pole vault.

OBITUARY:  
Alvin Toffler, author of Future Shock, dies aged 87
·        Alvin Toffler, a guru of the post-industrial age whose books, including Future Shock, anticipated the transformation brought about by the rise of digital technology, has died. He was 87.
·        Toffler died in his sleep at his home in Bel Air, Los Angeles, on Monday, said Yvonne Merkel, a spokeswoman for his Virginia-based consulting firm Toffler Associates.

 



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