Current Affairs Update – 14th April, 2016

Hello and welcome to ExamPundit. Here are the important Current Affairs of 14 April, 2016. These are important for the upcoming SBI Clerk and NABARD Assistant Manager exam 2016. Read them thoroughly and then write them down for better result.

Current Affairs at a Glance – 14th April, 2016
  1. Union Road,
    Transport and Highways and Shipping Minister Nitin Gadkari and South Korea
    Oceans and Fisheries Minister Kim Young Suk

    signed a Memorandum of Understanding (MoU) on 13 April 2016 in Mumbai.
  2. A memorandum of
    understanding (MoU) has been signed between MicroSave and NPCI
    (National Payments Corporation of India) to initiate collaboration to support
    the Jan Dhan Yojana, boost digital transactions and to accelerate creation of
    less-cash economy in India through RuPay, IMPS, AePS and UPI.
  3. India was the world’s largest remittance recipient in 2015 despite
    experiencing a $1 billion drop from the previous year
    , the first decline in its remittances since 2009, the World Bank
    has said.
  4. Oil and Natural Gas Corporation Limited (ONGC) on 14 April 2016 took over the infrastructure of abandoned Tapti gas field in western offshore from its joint venture
    partners Reliance Industries and BG.
  5. The term Brexit,
    made with combination of two words ‘Britain’ and ‘Exit’, was in news in second
    week of April 2016. It came in news after International Monetary Fund (IMF) on
    12 April 2016 warned of risks of Brexit or Britain’s exit from the European
    Union (EU) amidst cutting the global growth forecast.
  6. PM Narendra Modi
    on 14 April 2016 launched ‘Gram Uday Se Bharat Uday Abhiyan’ at Mhow, Madhya Pradesh. The Abhiyan (campaign)
    was launched on the 125th birth anniversary of Babasaheb Ambedkar at his
    birthplace to strengthen Panchayati Raj in villages and ensure social harmony
    in villages.
  7. Nuclear capable
    undersea ballistic missile, code named K-4, was successfully test fired on
    31 March 2016 from an undisclosed location in the Bay of Bengal. The test was
    conducted nearly 45 nautical miles away from Vishakhapatnam coast in Andhra
    Pradesh.
  8. Maharashtra
    Chief Minister Devendra Fadnavis on 13 April 2016 launched ‘Mission
    Drinking Water
    . The mission was launched in the backdrop of
    recurring droughts and severe water crisis in Marathwada and Vidarbha region of
    the state.
  9. Industry body
    Internet and Mobile Association of India, has appointed Paytm founder Vijay Shekhar
    Sharma
    , chairman of its the newly formed payments banks group.
  10. Kalash (Kalasha), are a Dardic indigenous people residing in the Chitral
    District of Khyber-Pakhtunkhwa province of Pakistan.
  11. New Zealand’s Kane Williamson
    on 13 April 2016 was named the Wisden’s Leading Cricketer in the World for the
    year 2015.
Finance/Banking/Economy –
India, South Korea signed MoU for cooperation and
mutual assistance in development of Ports

  • Union Road,
    Transport and Highways and Shipping Minister Nitin Gadkari and South Korea
    Oceans and Fisheries Minister Kim Young Suk signed a Memorandum of
    Understanding (MoU) on 13 April 2016 in Mumbai.
  • This MoU is for
    cooperation and mutual assistance between India and Republic of Korea in port
    related matters and their developments.
  • The Union
    Cabinet approved the proposal of the Shipping Ministry for signing of this MoU
    on 6 April 2016.

Objectives of the MoU
  • It will help
    both countries to encourage and facilitate the development of ports, port
    related industry, and maritime relationship
  • It will
    encourage cooperation in the tasks of sharing of technology, experiences in the
    fields of port development and operation.
  • It will also
    help in exchange of information on construction, building, engineering and
    related aspects in the field of port development

MicroSave signs MoU with NPCI to boost digital
payments

  • A memorandum of
    understanding (MoU) has been signed between MicroSave and NPCI (National
    Payments Corporation of India) to initiate collaboration to support the Jan
    Dhan Yojana, boost digital transactions and to accelerate creation of less-cash
    economy in India through RuPay, IMPS, AePS and UPI.
  • NPCI will be
    working with commercial banks and will be supported by MicroSave in this
    programme.
  • NPCI has
    transformed digital payments through world class products and services like
    NFS, NACH IMPS, APBS and made them accessible to the common man through RuPay
    and AePB platforms. With UPI, BBPS and other building blocks of the India
    Stack, payments are likely to be further transformed.
  • India is well on
    its way to create a proven blueprint for the world for micro payments, nano
    credit and a host of financial services for the masses

India was the world’s largest remittance recipient in
2015: World Bank

  • India was the
    world’s largest remittance recipient in 2015 despite experiencing a $1 billion
    drop from the previous year, the first decline in its remittances since 2009,
    the World Bank has said.
  • India retained
    its top spot in 2015, attracting about $69 billion in remittances, down from
    $70 billion in 2014, the World Bank said in its annual report ‘Migration and
    Development Brief’.
  • Other large
    remittance recipients in 2015 were China, with $64 billion, the Philippines
    ($28 billion), Mexico ($25 billion) and Nigeria ($21 billion).
  • “Remittances to
    India, the (South Asian) region’s largest economy and the world’s largest
    remittance recipient, decreased by 2.1% in 2015 to $68.9 billion. This marks
    the first decline in remittances since 2009,” the World Bank report said.
  • Officially
    recorded remittances to developing countries amounted to $431.6 billion in
    2015, an increase of 0.4% over $430 billion in 2014. The growth pace in 2015
    was the slowest since the global financial crisis, the report said.

ONGC took over Tapti gas field infrastructure to boost
Daman gas Production

  • Oil and Natural
    Gas Corporation Limited (ONGC) on 14 April 2016 took over the infrastructure of
    abandoned Tapti gas field in western offshore from its joint venture partners
    Reliance Industries and BG.
  • This transfer of
    assets in India is first of its kind.

Salient Features of the Merger
  • It would save
    time for the company and an investment worth up to 4000 crore rupees to bring
    the neighbouring Daman block into production before the schedule.
  • ONGC planned to
    advance gas producing to the August-September period with the infrastructure in
    place.
  • It also planned
    to lay a pipeline from the Daman field to the Tapti process platform, which is
    connected by a 70-km pipeline to the company’s facility at Hazira.
  • It committed an
    investment of over 8600 crore rupees for the Daman and C-26 cluster projects.
  • The two projects
    are expected to produce 11 million cubic meters of gas and 11000 barrels of
    condensate per day at their peak.

IMF warned of risk from Brexit amidst gloomy global
growth forecast
  • The term Brexit,
    made with combination of two words ‘Britain’ and ‘Exit’, was in news in second
    week of April 2016. It came in news after International Monetary Fund (IMF) on
    12 April 2016 warned of risks of Brexit or Britain’s exit from the European
    Union (EU) amidst cutting the global growth forecast.
  • IMF said if the
    voters of Britain opt to leave the EU that the referendum could do severe
    regional and global damage by disrupting established trading relations.
  • Brexit is a
    political aim of some advocacy groups including individuals and political
    parties like justice secretary, Michael Gove, and London’s mayor Boris Johnson
    in the United Kingdom (UK), who believe that Britain leaving the EU will be in
    favour of them.

India –
PM Modi launched Gram Uday Se Bharat Uday Abhiyan on
Dr. Ambedkar’s birth anniversary

  • PM Narendra Modi
    on 14 April 2016 launched ‘Gram Uday Se Bharat Uday Abhiyan’ at Mhow, Madhya
    Pradesh. The Abhiyan (campaign) was launched on the 125th birth anniversary of
    Babasaheb Ambedkar at his birthplace to strengthen Panchayati Raj in villages
    and ensure social harmony in villages.
  • The campaign
    also seeks to promote rural development and foster farmers’ welfare and
    livelihoods to poor.
  • The 11-day
    campaign (from 14 April to 24 April 2016) will focus on generating nationwide
    efforts on promoting the aim of the programme. The campaign will be run jointly
    by the Ministries of Rural Development, Agriculture, Social Justice, Labour and
    Information and Broadcasting along with the States.

“Gramoday Se Bharat Uday Abhiyan” includes
  • It will be
    conducted across the country, beginning with the Birth Anniversary of Dr. BR
    Ambedkar on 14 April 2016, culminating in “National Panchayati Raj Day” on 24
    April 2016.
  • The aim of this
    campaign is to make nationwide efforts to strengthen Panchayati Raj and through
    it, boost social harmony in the villages, promote rural development and foster
    farmers’ welfare & livelihoods of the poor.
  • Prime Minister
    will address all Gram Sabhas on 24 April 2016 and the address will be telecast
    and aired to all villages across the country, and villagers will gather
    together to hear it.
  • During the
    campaign, various Panchayat level and national level programmes will be held
    across the country.

The Panchayat level programmes are:
(1) Social Harmony Programme:   14 to 16 April 2016
I. On the
occasion of the 125th Birth Anniversary of Dr. BR Ambedkar, in all Gram
Panchayats, people will pay homage to Dr. Ambedkar and villagers will resolve
to strengthen social harmony in the village.
II. Dr.
Ambedkar’s life and his views about National unity will be discussed, and
literature regarding Dr. Ambedkar will be distributed.
III. On this
day, information about the schemes run by the government to promote social
equity will be given.  Exhibitions will
also be organized.
(2)  Gram Kisan
Sabha from 17 to 20 April 2016
Meeting of
farmers will be organized in every Gram Panchayat.  Information regarding schemes in the
agriculture sector will be given in the farmers’ meetings. Suggestions to
improve agriculture will be invited from farmers.
(3)  Gram Sabha
or Village Assembly from 21 to 24 April 2016
To celebrate the
National Panchayati Raj Day, Gram Sabhas will be held in each Gram Panchayat on
any day between these four days.
(4)  As
preparatory activities, the following would be undertaken:
I.    Prabhat Pheri
II.    Clean Drinking Water and Sanitation
Campaign
III.    Cultural Programmes
Nuclear-capable K-4 undersea ballistic missile
successfully test fired from INS Arihant

  • Nuclear capable
    undersea ballistic missile, code named K-4, was successfully test fired on 31
    March 2016 from an undisclosed location in the Bay of Bengal. The test was
    conducted nearly 45 nautical miles away from Vishakhapatnam coast in Andhra
    Pradesh.
  • The trial was
    carried out with the support of the personnel of Strategic Forces Command (SFC)
    while the Defence Research and Development Organisation (DRDO) provided all
    logistics.
  • The missile was
    fired from 20-meter deep and covered more than 700 km before zeroing on the
    target with high accuracy reaching close to zero Circular Error Probability
    (CEP).

Maharashtra CM Fadnavis launched Mission Drinking
Water

  • Maharashtra
    Chief Minister Devendra Fadnavis on 13 April 2016 launched ‘Mission Drinking
    Water.
  • The mission was
    launched in the backdrop of recurring droughts and severe water crisis in
    Marathwada and Vidarbha region of the state.

Highlights of the mission
  • The government
    has adopted a two-pronged strategy to scale up drought mitigation through
    Mission Drinking Water.
  • The mission
    ensures changes in crop pattern to sustain wholistic development, which
    includes greater investments in agriculture and industries.
  • Every remote
    village in drought districts had been provided a roadmap and adequate budget.

Appointments –
Vijay Shekhar Sharma appointed chairman of IAMAI
payments banks group

  • Industry body
    Internet and Mobile Association of India, has appointed Paytm founder Vijay
    Shekhar Sharma, chairman of its the newly formed payments banks group.
  • Vodafone India
    business head(M-Pesa)Suresh Sethi, will be the vice-chairman of the group.
  • IAMAI, which
    includes global companies such as Google, Facebook and LinkedIn as members,
    also counts six out of the ten payments banks’ primary licensees as members.
  • The Reserve Bank
    of India had granted payment licences in August last year, to companies
    including Paytm, Reliance Industries, Bharti Airtel and Vodafone.
  • The business
    potential from serving millions of unbanked Indians to further the financial
    inclusion initiative of the government and the Reserve Bank had attracted most
    of the top business houses.

World –
Kalash, Pakistan’s smallest minority, fears
existential threat
  • Kalash
    (Kalasha), are a Dardic indigenous people residing in the Chitral District of
    Khyber-Pakhtunkhwa province of Pakistan.
  • The community
    considered unique because in Pakistan they are the smallest religious minority
    with a population of around 3000. They speak their own Kalasha language and
    celebrate their gods through music, dance and alcohol.
  • According to the
    Kalash Peoples Development Network (KPDN), the Kalash who ruled Chitral
    centuries ago maintained their separate cultural traditions and their language
    Kalasha belongs to the Dardic family of the Indo-Iranian branch.

Sports –
Kane Williamson named Wisden Almanack’s Cricketer of
the Year
  • New Zealand’s
    Kane Williamson on 13 April 2016 was named the Wisden’s Leading Cricketer in
    the World for the year 2015.
  • On the other
    hand, White Ferns captain Suzie Bates was named the Leading Women’s Cricketer
    in the World for 2015.
  • For the first
    time two New Zealand players – Williamson and Brendon McCullum – were named
    among the Wisden Almanack’s Five Cricketers of the Year. England’s Ben Stokes
    and Jonny Bairstow, and Australia’s Steve Smith completed the list of Five Cricketers
    of the Year.
  • Williamson and
    Bates were chosen by Wisden editor Lawrence Booth for the award, which has been
    handed out in various formats since 1889.

Obituaries –
British playwright Arnold Wesker died
  • Renowned British
    playwright Arnold Wesker was died on 14 April 2016 with Parkinson’s disease. He
    was 83.
  • He wrote more
    than 40 plays that were translated into 18 languages, first gained prominence
    with a trilogy about the lives of Jewish socialist intellectuals: Chicken Soup
    with Barley (1958), Roots (1959) and I’m Talking about Jerusalem (1960).
  • He was known as
    one of the angry young men of the British stage in the 1950s, the others
    writers who got that tag were Osborne and Brendan Behan.

Regards

Team ExamPundit

Sponsored

(adsbygoogle = window.adsbygoogle || []).push({});