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.
1. Parrikar presented Rakshamantri Award for excellence for 2012-13 and 2013-14:
·Defence Minister Manohar Parrikar presented theRaksha Mantri awards for excellence for the years 2012-13 and 2013-14 in New Delhi.
·The awards are presented in recognition of exemplary performance amongstOrdinance Factories and the nine Defence Public Sector Undertakings (DPSUs).
·The awards were given in three major categories, Institutional Awards, Best Performing Division, Factory, Shipyard Awards and Group and Individual Awards.
2. Union Cabinet approved increase in Authorized Share Capital of NSFDC:
·The Union Cabinetapproved increase in the Authorized Share Capital of theNational Scheduled Castes Finance and Development Corporation (NSFDC
·The target of NSFDC for the year 2015-16 is to cover 63000 beneficiaries
Benefits of the increase in Authorized Share Capital :
·With this, the Authorized Share Capital ofNSFDC is increased from 1000 crore rupees to 1200 crore rupees.
·The approval will enlarge the quantum of funds available for economic activities, better coverage and enhanced outreach to double the Below Poverty Line (DPL) Scheduled Caste beneficiaries.
·Enhancement of share capital would expand its ambit of coverage and increase disbursement of funds to larger sections of the economically deprived scheduled caste population.
3.Permanent memorial of INS Vikrant, India’s first aircraft carrier unveiled
·The permanent memorial of India’s first aircraft carrier INS Vikrant was unveiled in Mumbai on the eve of India’s 67th Republic Day at a traffic island opposite the Lion Gate near the Naval Dockyard in south Mumbai.
·The sculpture of INS Vikrant was designed bygreat metal sculptor Arzan Khambatta. The sculpture was made by using the pieces of metal recovered from the breaking up of INS Vikrant.
4.CCEA approved the Hybrid Annuity Model as one of the modes for implementing the highway projects:
·Cabinet Committee on Economic Affairs (CCEA) approved the Hybrid Annuity Model as one of themodes of delivery for implementing the highway projects.
·The objective behind this decision is to revive highway projects in India by making one more mode of delivery of highway projects. By adopting Hybrid Annuity Model for highway projects that are not found viable on Toll mode will be more effective in terms of maximizing the quantum of kilometers.
·Further, it will make the implementation of Projects within the available financial resources of the Government. At the same time, all major stakeholders of Projects in the Public Private Partnership system will have an increased comfort level resulting in revival of the sector.
5.Vice Admiral Ashok Subhedar chosen for Param Vishisht Seva Medal:
·Vice Admiral Ashok Subhedar was chosen for Param Vishisht Seva Medal (PVSM) for his extraordinary services toIndian Navy.
·He will receive the award at a function to be held at Rashtrapati Bhavan in January 2016. Ashok Subhedar was commissioned in Indian Navy on August 1, 1977.
·Currently, Vice Admiral Ashok Subhedar is holding the post ofChief of Material in Naval Headquarters. In 2012, he was honoured withAti Vishisht Seva Medal (AVSM) and in 2009 he receivedVishisht Seva Medal (VSM).
6. India and Armenia signed a Protocol amending the India-Armenia Double Taxation Avoidance Convention:
·India and Armenia signed a Protocol amending the India-Armenia Double Taxation Avoidance Convention in New Delhi. The Protocol amended the Article on exchange of information for tax purposes according to the updated provisions in theOrganisation for Economic Co-operation and Development (OECD) Model.
·With this amendment,India and Armenia will be able to exchange the information related to financial and banking transactions and facilitate them in addressing tax evasion. It will also help in strengthening India’s efforts to curb generation of black money.
7. Centre’s plan aims to provide arsenic free water:
·The center is reportedly working on 13800 crore plan to providearsenic free groundwater to a large section of the population.
·The arsenic contamination is due to the destruction and excessive use of groundwater recharge systems
8. Govt to sell 10% stake in EIL; shares drop 5%:
·Shares of state owned Engineers India Limited (EIL) fell as much as 5% in early trade.
·This happened after the government, in a regulatory filing to the BSE that it would sell 10% of its stake in the company.
9.Tata Trusts ties up with MIT, TISS for up skilling students:
·Tata Trusts has tied up with Massachusetts Institute of Technology (MIT) and Tata Institute of Social Sciences (TISS) to up skill rural secondary school students in four states using digital interactive tools.
·The Connected Learning Initiative (CLIx)will offer access to interactive and hands-on learning experiences to advance their knowledge and skills and also seeks to instill values to help them succeed as professionals and citizens.
10. Bill Gates richest man in the world:
·Microsoft founder Bill Gates is the world’s wealthiest man with a net worth of $87.4 billion, according to Wealth-X.
·Spain’s Amancio Ortega, Co founder of Zara, is at the second position with a net worth of $66.8 billion.
·Berkshire Hathaway CEO Warren Buffet occupies the third spot followed byAmazon CEO Jeff Bezos at fourth.
11.Outgoing President of Myanmar decided to merge Ministry of immigration and Ministry of home affairs in Myanmar:
·Outgoing President of Myanmar Thein Sein decided to combine theMinistry of immigration and population and Ministry of home affairs in Myanmar. He also wrote to Parliament of Myanmar for their approval over the same.
·This is to note that Ministry of home affairs in Myanmar is under the control of military. If approved, the proposal will significantly increase the military’s power even under National League for Democracy party (NLD) government of Myanmar
12.US Republican Presidential front runner Donald Trump stated that India is doing great:
·US Republican presidential front runner Donald Trump in a CNN interview stated that “India is doing great”. He pointed out that bothIndia and China are doing great while United States of America has come a long way down from the tremendous power that was respected all over the world.
13.UN Secretary-General criticized Israel’s approval to build 153 new settler homes in West Bank:
·UN Secretary-General Ban Ki-mooncriticizedIsrael’s new plans for Jewish settlements in the West Bank.
·He stated in the Security Council debate on the Middle East that progress towards peace requires a freeze of Israel’s settlement enterprise. UN Secretary-General Ban Ki-moon made this statement after Israel approved plans to build153 new settler homes in the occupied West Bank (that forms the boundary of Palestinian State).
·According to Peace Now group said this approval by Israel was the first construction project approved in the last 18 months. In January 2016 Israel also declared 150 hectares in the West Bank, south of Jericho, as Israel’s land.
14.UNICEF stated that more than 8 million children living in conflict zones will receive access to education in 2016:
·United Nations Children’s Fund (UNICEF) stated that more than 8 million children living in conflict zones and crisis torn area willreceive an access to education in 2016.
·Among these8 million children more than half of them are children from Syria. For implementation of this goal, UNICEF is seeking 2.8 billion dollars that the UNICEF expects to collect in 2016. Currently, about 24 million children across the whole world attend school. Nearly 24 million of the 109.2 million children of primary and lower secondary school age living in conflict zones are missing out their education, according to the UN data.
15.PACE adopted a resolution on blacklisting Parliamentarians:
·In Strasbourg, Parliamentary Assembly of the Council of Europe (PACE) adopted a resolution on blacklisting Parliamentarians and urged to keep them separate from the actions of states.
·The resolution was prepared by former PACE member, Spanish lawmaker Arcadio Diaz Tejera. It was passed with 66 to 6 votes.The report to the resolution says parliamentarians are now clearly held personally liable on account of state actions and decisions taken in fulfilling their duties, and nominative sanctions may be imposed on them by third States and international organizations through restrictive measures.
·A PACE resolution in April 2014 deprived the Russian delegation of its voting rights, after Crimea became a part of Russia. The resolution curbing Russia’s rights in the Assembly was extended in 2015.
16.Canada decided to lift Iran Sanctions:
·Canadian Minister of Foreign Affairs Stéphane Dion announced that the EU, the US and Canada must equally be eligible to export aircraft to Iran.
·He also confirmed Canada’s intention to allow Bombardier to do legitimate business with Iran when economic barriers are lifted. This is to note that Iran signed an agreement on January 16, 2016 with the French Airbus Group SE to buy 114 planes for its Iran Air national carrier company.
17.Firm EDF signs deal to build 6 nuke plants in India:
·French Utility firm EDF signed a preliminary deal to construct six nuclear reactors at theNuclear power Corp of India Ltd’s (NPCIL) Jaitapur plant.
·This long delayed project which will have a combinedcapacity of 10000 MWcould reportedly become theworld’s largest nuclear contract.
·French President Hollande had said the final deal could be signed within a year.
18. US Central Bank leaves interest rates unchanged:
·The US Federal reserve kept itsinterest rate unchanged at the range of 0.25%-0.50%.
·It signaled that it was concerned about global growth and the recent market turbulence,it didn’t explicitly rule out an interest rate increase at its next meeting in March.
19. New Law makes Polygamy mandatory in Eriteria:
·African Nation Eritrea has passed a legislation making it mandatory for men in the country to marry at least 2 women.
·Men and women refusing to follow this law facelife imprisonment and hard labour.
·This new law reportedly comes after a severe shortage of men in Eritrea following the vast casualities in the country’s civil war with neighbouring Ethiopia.
20. Rajan joins World Economic Forum task force:
·RBI Governor Raghuram Rajan has joined theWorld Economic Forum (WEF)task forceto study the future of the global financial system.
·It will look into the emerging markets, regulatory and monetary policies, technology, and loss of trust in financial services.
·The task force also includes the Governor of Bank of England and Chairman of Bank of America, among others.
·Controlled through a dedicated app, the mask measures and manages the moisture of the skin within a minutethrough sensors placed at key face positions.
·The app also let users connect to a community where people can share and discuss beauty solutions.
22. Practo app let users buy medicines:
·Doctor discovery platform Practo launched a new feature Practo Order’ which will allow users to buy medicines from the app.
·Practo order will compete with the likes of existing online pharmaciesNetMeds and Mera Pharmacy.
·Founded in 2008, Practo lets usersfind doctors, clinics,spas,gyms and diagonostic labs and book instant appointments with them.
23. US startup develops solar powered smart jacket:
·US Startup ThermalTech has developeda solar powered smart jacket that instantly converts the Suns energy into heat.
·Thejacket created withsmart energy absorbing fabric technology is designed for both men and women.
·It is waterproof and light and prevents overheating by maintaining the temperature once the user reaches the optimal body temperature.
24. Astronomers found largest solar system having a large planet 2MASS J2126:
·Astronomers discovered the largest known solar system, consisting of a large planet that takes nearly a million years to orbit its star. A team of astronomers in UK, USA and Australia found a lonely planet which was designated as2MASS J2126.
·2MASS J2126 is about 1 trillion (1 million million) kilometres from its parent star, or about 7000 times the distance from the Earth to the Sun. The research in this regard was published in a paper in Monthly Notices of theRoyal Astronomical Society
·Scientist also found the relation of 2MASS J2126 with another giant planet TYC 9486-927-1 during their research. Thus, concluding that they are the part of one system.
25.Justice Sanjay Mishra appointed as Lokayukta of Uttar Pradesh by Supreme Court of India:
·The Supreme Court of India appointedJustice Sanjay Mishra, a former judge of the Allahabad High Court, as the Lokayukta of Uttar Pradesh. The decision was taken by the Supreme Court’s bench comprising ofJustice Ranjan Gogoi and Justice Prafulla C Pant
BUSINESS AND ECONOMY:
26. HCL acquires UK-based Point to Point for $11 million:
·HCL Technologies acquired UK based virtualization technology company Point to Point (P2P) for around $11 million.
·As a part of the deal, around 40 P2p employees will join HCL’s Noida team.
·Started in 1995, P2P provides desktop, application and service delivery technology to its clients which include Microsoft, Citrix and Google Chrome.
27. Vodafone deploys new tech to reduce call drops:
·Vodafone India has installedCisco’s Self Optimising Network (SON)technologyto reduce call drops, improve voice quality and deliver a better mobile experience.
·The company has already deployed SON over a third of its network and would make the entire network SON enabled.
·Telecom operators in India has recently been under fire for the problem of call drops.
28. Indian Private sector offers subsidised TB tests:
·Indian Private sector is offering a WHO-approved test for diagnosing TB at the cheapest price as compared to 12 other high-TB burden countries.
·Xpert MTB/RIF is cartridge based molecular test for tuberculosis. India has 113 labs that offer this test at a subsidised rate.
·It is available for 2000rs in these labs and for 3500-5000 in others.
29. Apple sees 76% growth in iPhone sales in India:
·Apple reported an increase of 76% in the sales of iPhones in India in the quarter ended December.
·Apples India revenue also grew 38% during the period under review,Apple CEO Tim Cooksaid.
30.Siemens agree to buy CD-adapco for $970 million:
·Germany based engineering conglomerate Siemens agreed to buy software companyCD-adapco in a $970 million deal with an aimto strengthen its core industrial business.
·Established in 1980,CD-adapco,which is best known for its computational fluid dynamics products, makes and distributes applications for computer aided engineering used to simulate the workings of an engine.
31.Google shut down various social media accounts linked to wearable headset Google Glass:
·Googleshut down various social media accounts linked to wearable headset Google Glass. This was reported on website 9to5 Google. Google declined to comment in this regard.
·Google Glass is an optical head-mounted display which is worn by the users like a pair of eyeglasses. It was developed by Google for producing ubiquitous computer that will be capable of displaying information in a smartphone-like hands-free format.
32. Paytm, BSES tie up for electricity bill payments:
·Online mobile and m-commerce platform,Paytm tied up with BSES Delhi for electricity bill payments.
·Under the agreement, users of bothBSES Rajdhani Power Limited (BRPL) and BSES Yamuna power limited (DYPL) will be able to make bill payments through paytm’s platform.
·Paytm will also offer cashback on the electricity bill payments before the due date.
33.Heena Sidhu Qualifies for 2016 Rio Olympics:
·India’s Heena Sidhu qualified for the 2016 Rio olympics after clinching the Gold medal in the 10m Air Pistol event on Day one of theAsian shooting championship qualifiers in New delhi.
·The 26 year old current World record holder sidhu became theninth Indian shooter to book a place in the upcoming Olympics.
34.Saina Nehwal and Kidambi Srikanth will head the women’s and men’s singles respectively at 12th SAG:
·Badminton playerSaina Nehwal will head India’s campaign in women’s singles whileKidambi Srikanth will head in men’s singles at the12th South Asian Games (SAG).
·12th South Asian Games are scheduled to take place in February 2016 atGuwahati and Shillong.
·The individual events including men’s singles and doubles, women’s singles and doubles and mixed doubles will take place on February 9, 2016 and February 10, 2016.
35. Adam Lewis headed Independent Review Panel set up to safeguard integrity in Tennis:
·Tennis’s governing bodies constituted theAdam Lewis headed Independent Review Panel (IRP) to safeguard integrity in tennis.
·An announcement in this regard was made by the Chairmen and CEOs of the Governing Bodies of International Tennis – Association of Tennis Professionals (ATP), Women’s Tennis Association (WTA), International Tennis Federation (ITF) and the Grand Slam Board.
·The IRP was formed to review the functioning of the existing anti-corruption mechanisms and suggest measures to further safeguard the integrity of the game.
·The panel will review and report on theappropriateness and effectiveness of the Tennis Anti-Corruption Program (TACP) and suggest recommendations for change.
36.Indian Under-15 footballers to train in Spain:
·Sports media houseStar Sports announced the names of sixteen under-15 football youngsters who have been selected as a part ofYoung Heroes’ initiative
·The initiative is aimed at sending themto train under the youth coaches of Real Madrid and the Spanish Football Federation.
·The group will leave for Spain on April 15.
37.Australian Batsman David Warner won Allan Border Medal 2016:
·Australian BatsmanDavid Warner defeated captain Steve Smith for the prestigiousAllan Border Medal 2016.
·Warner also won theTest Player of the Year Award.
38. Former India basketball captain Ranbir Chopra died:
·The captain of the champion Indian basketball team in the first Asian Games in 1951, Ranbir Chopra, died in Kapurthala, Punjab. He was 86.
·Chopra had been part of the Punjab team that won the national title in 1951 in Ludhiana. He was also the coach of the Indian team that toured Pakistan in 1962.
·Chopra later became a sports administrator. From 1958 to 1963, he served as the secretary general of the Punjab Basketball Association. During this period, the sport saw massive progress in the state and Punjab produced many international players such as Narinder Singh, Om Prakash, Dharam Paul, Rameshwar Lal and Arjuna award winners Sarabjit Singh and Gurdial Singh