Daily Current Affairs Updates– 27th June 2016

    Daily Current Affairs Updates– 10th May 2016
    Daily Current Affairs Updates–27th 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.

    Jan Dhan deposits up 118 per cent over 21 months

    ·   The average deposit per account under the Pradhan Mantri Jan Dhan Yojana (PMJDY) – a financial inclusion programme launched by Prime Minister NarendraModi in August 2014 – increased 118 per cent from Rs 795 in September 2014 to Rs 1,735 in May 2016, according to India Spend analysis of government data.
    ·    PMJDY accounts quadrupled (increased by 308 per cent), from 53 million in September 2014 to 219 million in May 2016, while the proportion of accounts with no money in them – zero-balance accounts, as they are called – declined from 76 per cent in 2014 to 25.7 per cent in 2016.
    Arun Jaitley cut short his China visit
    ·       Finance Minister Arun Jaitley cut short his visit to China by a day and returned back today.
    ·    Jaitley was on a five-day visit to china to attend the first meeting of the Board of Governors of the $100-billion Asian Infrastructure Investment Bank (AIIB). However, officials didn’t give any reason for Jaitley’s early return.
    Include chapter on Emergency in textbooks: Naqvi

    ·  Union Minister Mukhtar Abbas Naqvi on Sunday called for including a chapter on the 1975 Emergency in textbooks, saying the “atrocities” committed during the period needed to be told.
    ·   “Around 75% of the population is unaware why and how emergency was imposed in the country,” he claimed. Naqvi said he would take up the matter with the concerned ministry.
    India to continue NSG membership talks: MEA
    ·    Ministry of External Affairs Spokesperson Vikas Swarup on Sunday said India would continue talks to further its attempts to become a member of the Nuclear Suppliers Group.
    ·   “We will redouble our efforts…to achieve the result,” he said. The current hurdle was not a diplomatic failure, and nobody can equate India and Pakistan in the Nuclear Non-Proliferation Treaty issue, Swarup added.
    India owns USD 121.6 bn worth US govt securities

    ·  Touching a new high, India holding of American government securities jumped to USD 121.6 billion in April amid uncertain global economic cues.
    ·      This also marks a steep rise from the level seen in April 2015 when the country held American government securities to the tune of USD 110.3 billion.
    ·  There has been a mixed trend in terms of countries exposure to these securities, with neighbouring China slightly trimming its holding while Japan, like India, increasing its exposure in April.
    Indo-Nepal boundary pillars to be GPS-enabled
    ·   The India-Nepal Boundary Working Group has decided that over 8,000 pillars along the 1,700-km-long Indo-Nepal border will be equipped with Global Positioning System (GPS), allowing authorities to effectively manage the porous border.
    ·  Nepal’s Ministry of Foreign Affairs said the Nepal-India Boundary Global Navigation Satellite System (NIB GNSS) would be used for the GPS-enabled boundary pillars.
    Rajnath to chair Eastern Zonal Council meeting in Ranchi

    ·       The Eastern Zonal Council meeting is likely to be held in Ranchi, the state capital of Jharkhand, on Monday. The meet is expected to be attended by chief ministers of Bihar, Jharkhand, West Bengal and Odisha.
    ·       Union Home Minister Rajnath Singh will chair the meeting. During the meeting acrimonious exchanges between Bihar and Jharkhand are expected to take place. After the blanket ban on liquor in Bihar, both states are not on good terms.
    Rs.13k cr black money found in offshore accounts
    ·   I-T authorities have reportedly found undeclared income of around Rs.13,000 crores from two sets of information they had received.
    ·       In 2011, France gave information about at least​400 Indians having accounts in HSBC, Geneva, which led to the discovery of Rs.8,186 crores.
    ·  ICIJ, in 2013, released information about 700 Indians having alleged undisclosed income of Rs.5,000 crores in foreign banks.
    ‘India Couture Week’ 2016 to begin on July 20

    ·       The four-day long ‘India Couture Week’ 2016 (ICW), hosted by the Fashion Design Council of India (FDCI), the country’s apex fashion body, will begin on July 20.
    ·       “We have always offered the best of India through our eponymous events and the ICW… showcases couture ensembles, which are emblematic of our rich tradition and historical past,” said FDCI president Sunil Sethi.
    Govt eliminates 1.6 cr bogus ration cards
    ·       The government has eliminated 1.6 crore duplicate and bogus ration cards that will help the exchequer save Rs.10,000 crore in subsidy annually, Finance Secretary Ashok Lavasa said.
    ·  Further, the government has saved about 10% of the expenditure in the employment scheme MNREGA in the 2015-16 fiscal after elimination of fake job cards, he added.
    India Deserves to be in NSG, the US Will Work for it: Envoy

    ·   Referring to Indo-US civil nuclear cooperation, he said the two sides have moved forward on a 15-year project to build six Westinghouse reactors producing power for some 60 million people.
    ·      India faced stiff opposition from China and a few other countries and the fact that it is not a signatory to the Nuclear Non-Proliferation Treaty (NPT) was used for foiling India’s bid at the Seoul meeting despite the US’ strong backing.
    Mahashangarh declared as the SAARC cultural capital for 2016-17
    ·  Mahasthangarh is one of the earliest urban archaeological sites so far discovered in Bangladesh, has been declared as the South Asian Association of Regional Cooperation (SAARC) cultural capital for the year 2016-17.
    ·       As an SARRC cultural capital, the historic place will host festivals on literature, films, foods and dances from October 2016 to September 2017. Besides, the year 2016-17 has also be declared the SAARC  Year of Cultural Heritage.
    Russia, China approve business initiatives worth $50bn during Putin visit

    ·       “Fifty-eight various business initiatives with the total volume of investments being $50 billion, have been selected,” Putin told journalists in the Chinese capital.
    ·       Twelve of the projects are already being implemented, he added.
    ·       An oil supply contract, under which Russia could deliver up to 2.4 million ton of crude oil to ChemChina in a year’s time, has also been agreed upon.
    India joins Missile Technology Control Regime
    ·  India on Monday 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.
    ·   The membership will enable India to buy high-end missile technologies and reportedly enhance its joint ventures with Russia. This marks India’s first entry into a multilateral export control regime.
    Brexit won’t affect border deal with UK: France

    ·    The French government has said that their border agreement with the United Kingdom, which allows UK to check passports in France and vice-versa, will not be affected by UK leaving the European Union.
    ·    The Le Touquet accord was signed in 2003 and plays a role in numerous refugees being kept in camps in Calais on France’s northern coast.
    Myanmar torches drugs worth $57 million
    ·   On the International Day against Drug Abuse and Illicit Trafficking, Myanmar police officials said drugs estimated to cost around $57 million were torched on Sunday.
    ·  Over half a ton of opium, 80 kilograms of heroin, 768 kilograms of methamphetamines and ten million stimulant pills were torched. According to the United Nations, Myanmar is the world’s second largest producer of opium.
    HDFC Bank CEO Aditya Puri’s salary hiked 32% to Rs9.73 crore in FY16

    ·   HDFC Bank gave a 32% salary hike to its managing director and chief executive officer, AdityaPuri, during financial year 2015-16.
    ·   After the hike, Puri’s annual remuneration (salary) increased to Rs.9.73 crore during the year ended 31 March 2016, from Rs.7.4 crore a year ago.
    · HDFC Bank, during the last financial year, reported a net profit of Rs.12,296.2crore, up 20.4% from a year ago.
    ·  The ratio of remuneration of the managing director to that of the average employee is 179:1 during financial year 2015-16.
    ICICI Bank Launches ‘Smart City Pre-paid Card’ in Ahmedabad
    ·   Chief Minister Anandiben Patel unveiled a first of its kind ‘Smart City Pre-paid Card’ of ICICI Bank, India’s largest private sector bank, in association with Ahmedabad Municipal Corporation (AMC) which would enable the residents of the commercial capital of Gujarat to pay for an array of facilities including taxes, bills, entry fee to common city areas and at retail outlets by using a single pre-paid card.
    ·    To start with, users will be able to do the following using the card.Pay municipal tax and utility bills at the Ahmedabad Municipal Corporation civic centres in the city and 100 other service outlets set up by ICICI Bank
    NSE to file draft papers for domestic listing by Jan 2017

    ·   Ending speculation about its listing plans, top stock exchange NSE said it 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 decisions related to listing were taken during the last meeting of the board of directors on June 23, 2016.
    Startups can open foreign currency accounts: RBI
    ·       The Reserve Bank of India (RBI) recently allowed startups with an overseas subsidiary to open foreign currency accounts with a bank outside India.
    ·   The accounts will help the startups to credit foreign exchange earnings from exports and sales.
    ·  RBI added that the balance in such accounts, to the extent they represent exports, should be returned to India.
    BHEL commissions two hydel units in Afghanistan

    · State-run Bharat Heavy Electricals Ltd (BHEL) today said that it has commissioned two units of 14 MW each at Salma Hydro Electric Project in Afghanistan.
    ·   The Salma Dam or the Afghan-India Friendship Dam was inaugurated by the Prime Minister NarendraModi in presence of the Afghanistan President Ashraf Ghani, BHEL said in a statement.
    Tata, Starbucks launch new joint initiatives
    ·  Mumbai-based Tata Sons and global coffee retailer Starbucks have launched a series of new joint initiatives to expand their partnership to a global scale, the companies said.
    ·   These include offering, for the first time, a single-origin coffee from India to the US, expanding market of Tata-owned Himalayan mineral water and skilling over 3,000 individuals, they added.
    Coca Cola to set up plant in Uttarakhand

    ·    An Uttarakhand government official said that Coca-Cola will set up a bottling plant in Sitarganj, on 70 acres of land provided by the government. The plant will be set up at an investment of Rs.400-500 crore, the official added.
    · In 2014, Coca-Cola scrapped their plans to establish a unit in the state’s Chharbavillage on environmental grounds.
    GAAR not to apply on income before April 1, 2017
    ·       The Income Tax Department has said the proposed general anti-avoidance rule (GAAR) will not be imposed on income from investments before April 1, 2017.
    ·       Earlier, the proposed date for the same was August 30, 2010.
    ·   GAAR, which will be effective from April next year, contains provisions to tax overseas deals involving local assets and is aimed at reducing tax avoidance.
    IPL brand valuation rises to $4.16 billion: D&P

    ·   According to global valuation corporation Duff and Phelps, the brand value of IPL has reportedly soared by 19% to $4.16 billion after its ninth edition, as against $3.5 billion in 2015.
    ·   Mumbai Indians acquired the top spot with a valuation of $78 million, an 8% increase over last year. The boost notably has been attributed to a controversy-free season.
    Coastal shipping of goods to save Rs.40k cr per year:
    ·   By promoting coastal shipping of six commodities including coal and steel, annual potential savings of around Rs.40,000 crore can be made, according to government estimates.
    ·  Coastal shipping of thermal coal alone could amount to about half of the estimated savings, an official said. The government expects to increase its share in waterways transportation from 7% to 10% by 2020.
    Gudni Johannesson wins Iceland’s presidential election

    ·  Gudni Johannesson, a history professor, has won Iceland’s presidential election in a vote held in the aftermath of the Panama Papers leak in April, which implicated several top Icelandic officials.
    ·   The political newcomer only decided to run for the presidency after the leak, and rode a wave of anti-establishment sentiment, emphasising his non-partisan, independent vision of the presidency.
    ·       Johannesson’s victory, won with 39.1% of the vote, came as he celebrated his 48th birthday on Sunday. HallaTomasdottir, a businesswoman without party affiliation, came second with 27.9%.
    Appointed by Nokia, Sanjay Malik will now head business in India for the company
    ·       Nokia appoints anjay Malik as it’s new business head in India. Sanjay Malik will be taking office from Sandeep Girotra who has been heading Indian market since 2011.
    ·  Malik is currently Head of Network Implementation (NI) at Nokia Global Services and is credited with efficiently driving growth and delivering strong performance both in terms of revenue and operational efficiency, the company said in a statement here.
    ·  In his new role, he will lead customer operations, drive the business growth strategy and superior customer engagement services for the India market.He will be based in Gurgaon.
    Lionel Messi retires from international football

    ·   Argentina skipper Lionel Messi has announced his retirement from international football following Argentina’s loss to Chile in Copa America final.
    ·   Messi, who missed a penalty in the shootout of the final, has never won a major tournament with Argentina. “For me the national team is over. I’ve done all I can, it hurts not to be a champion,” Messi said.
    Srinivasan elected TNCA President for 15th time
    ·   Former BCCI President and ICC Chairman N Srinivasan has been elected unopposed as the president of the Tamil Nadu Cricket Association.
    · Srinivasan has been occupying the post since 2002, and this is the 15th consecutive time that he has been re-elected.
    ·   Srinivasan was removed as BCCI chief after the 2013 IPL spot-fixing scandal, with his son-in-law found guilty of betting.
    Asha Kumari appointed Cong’s Punjab in-charge

    ·   Congress appointed Dalhousie MLA Asha Kumari as its General Secretary in-charge of Punjab.
    ·    Kumari, who was convicted in a land grab case earlier this year, is presently out on bail.
    · Earlier, party leader Kamal Nath had resigned from the post after his appointment was criticised by opposition parties over his alleged role in the 1984 anti-Sikh riots.
    Sri Sri Ravi Shankar awarded Honorary Fellowship in UK

    ·   Spiritual leader Sri Sri Ravi Shankar has been bestowed with an Honorary Fellowship by an Indian students body in the United Kingdom (UK) for his contributions to world peace and culture.
    ·    National Indian Students and Alumni Union (NISAU) have awarded Sri Sri Ravi Shankar with an Honorary Fellowship.
    2 Indians get Queen’s Young Leaders Award 2016
    ·  Two Indians, Kartik Sawhney and Neha Swain, have won the Queen’s Young Leaders Award 2016, that honours people from Commonwealth nations for their exemplary work.
    · While Sawhney founded Project STEM Access for universal access to education, Swain founded an NGO to provide an inclusive space to people from all backgrounds. The award was presented to 60 people at the Buckingham Palace.
    International Indian Film Academy Awards 2016

    ·   The 2016 IIFA awards which are officially known as the 17th International Indian Film Academy Awards (IIFA 2016) held in Madrid, Spain between 23 to 26th of June.
    ·       In 2016 IIFA awards, Bollywood stars, Deepika Padukone and Ranveer Singh bagged the Best Actor (Female) and Best Actor (Male) trophy at the 17th IIFA extravaganza for their performance in “Piku” and “Bajirao Mastani” respectively. While, Sanjay Leela Bhansali won the Best Director for “Bajirao Mastani” and “Bajrangi Bhaijaan” was named the Best Film at a glittering ceremony in Spain.
    Yamaha unveils 3-wheel electric vehicle concept

    ·  Japanese motor company Yamaha has unveiled a three-wheeled vehicle concept called ’05GEN’.
    ·       The vehicle has a compact body and a roof that provides protection from light, rain and the sun.
    · Designed primarily to help people travel short distances, the vehicle also features a storage compartment.
    US marks its first ship-to-shore drone delivery
    ·   The United States recently witnessed its first ever successful ship-to-shore drone delivery.A drone successfully delivered medical supplies to the New Jersey coastline straight from the deck of a ship.
    ·       The delivery was made to test whether drones could be used to carry medical supplies to humans in areas which cannot be accessed during storms, earthquakes or other disasters.
    Australia beat West Indies to win Tri-Nation Series

    ·   In the final of the Tri-Nation Series, Australia defeated West Indies by 58 runs at Bridgetown on Sunday.
    ·    Batting first, Australia scored 270/9 in 50 overs after Matthew Wade top-scored with 57*(52). In reply, West Indies were bowled out for 212, with Josh Hazlewood picking up 5/50 and man-of-the-match, Mitchell Marsh finishing with figures of 3/32.
    Chile beat Argentina to win Copa America
    ·       Chile upset favourites Argentina with a penalty shootout victory in the Copa America final on Monday to retain their title in the world’s oldest continental soccer competition.
    ·   Lionel Messi missed from the spot in the shootout as Chile won the penalty shootout 4-2 and extended Argentina’s trophy drought to 24 years.
    Belgium enter Euro quarter-finals with 4-0 win

    ·       Belgium advanced to the 2016 Euro quarter-finals after defeating Hungary 4-0 in the Round of 16 at the Stadium Municipal in Toulouse on Sunday.
    ·   Eden Hazard scored a solo goal and assisted Michy Batshuayi’s goal, with Toby Alderweireld and Yannick Ferreira Carrasco also registering their names on the scoresheet. Belgium will now face-off against Wales in the quarter-finals on Friday.
    Germany beat Slovakia 3-0 to progress to quarter-final
    ·  In the fifth match of the UEFA Euro Round of 16, Germany defeated Slovakia 3-0 at the Stade Pierre-Mauroy in Lille.
    · Jerome Boateng, Mario Gomez and Julian Draxler scored for the World Champions.
    ·   Mesutozil’s penalty miss in the 13th minute made him the only German player to miss a penalty kick at the Euros (excluding shoot-outs).
    Mascot Games organised in the US

    · The 23rd Annual Mascot Games, held in Orlando, Florida, USA, were attended by 23 mascots from several American sports tournaments.
    · Mascots from leagues including the NBA, MLS, and NFL, besides others, participated in games like obstacle course race, musical chairs, trampoline games and a gladiator duel.
    · The event was a fundraiser, with the proceeds going to a children’s organisation.
    Rio-bound sprinter breaks 400m national record
    ·  Sprinter Muhammad Anas became the 100th member of the Indian Rio Olympics contingent after setting a 400-metre​ sprint national record by clocking 45.40 seconds at the Polish Athletics Championship in Bydgoszcz.
    ·   The 21-year-old had initially broken the 45.47-second​ national record on Friday, by clocking 45.44 seconds, but had missed out on a Rio berth by 0.04 seconds.
    N.Y. fashion photographer Bill Cunningham dies at 87

    ·       Bill Cunningham, the street-style photographer whose photo essays for The New York Times memorialized trends ranging from fanny packs to Birkin bags, gingham shirts and fluorescent biker shorts, died in New York.
    ·       He was 87.He had been hospitalized recently after having a stroke.
    Veteran Malayalam theatre artist Kavalam Narayana Panicker has passed away

    ·       Veteran Malayalam theatre artist and poet Kavalam Narayana Panicker has passed away in Thiruvananthapuram, Kerala. He was 88 years old.
    ·    Mr. Kavalam Narayan was honored with the Padma Bhushan in 2007 and in 1983, he was awarded the Sangeet Natak Akademi Award in Direction while in 2002, he was honoured with the Sangeet Natak Akademi Fellowship.

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