Current Affairs Update – 19-20th June, 2016

Hello and welcome to exampundit . Here are the important Current Affairs of 20th June, 2016. These are important for the upcoming SBI PO Mains 2016 Exam.

Current Affairs at a Glance – 19-20th June, 2016

  1. The NDA government on Monday
    announced relaxed
    foreign direct investment (FDI) norms in single brand retail, civil aviation,
    airports, pharmaceuticals, animal husbandry and food products
    . It
    has allowed up to 100% foreign direct investment (FDI) in defence through the
    approval route, 100% FDI in food product e-commerce, 100% FDI in greenfield
    pharma via the automatic route, 100% in browfield pharma – of which 74% will be
    through automatic route – 100% FDI in scheduled airlines, and up to 49% FDI in
    airlines through automatic route.
  2. India’s largest software exporter TCS
    on Monday formed a strategic partnership with Sernova Financial to deliver its
    next generation cloud-based derivative post trade processing service to enable
    banks to effectively maintain compliance with the changing global regulatory environment
    while reducing risk.
  3. Union Minister of State (IC) for
    Power, Coal and New and Renewable Energy Piyush Goyal on 16 June 2016 launched
    the URJA
    Mobile application
    . The URJA, which stands for Urban Jyoti Abhiyaan, was
    launched on the on the side-lines of Conference of Power Ministers at Cansaulim
    in South Goa.
  4. Joining the elite club of limited
    global suppliers, Essar Steel (ESIL) has introduced bullet proof
    steel and become the first dedicated Indian company with this specialised steel
    .
  5. Prime Minister’s Ujjwala Yojana (PMUY) was launched in Odisha at Sambalpur
    by Hon’ble Minister for Tribal Affairs Shri Juel Oram.
  6. First International Day for the Elimination
    of Sexual Violence in Conflict was observed on 19
    June
    2016.
  7. World Refugee Day was observed on 20 June
    2016.
  8. Virginia Raggi has been elected
    as Rome’s first female mayor in a
    triumph for the populist Five Star Movement (M5S)
    , representing a blow to
    Matteo Renzi, Italy’s prime minister.
  9. Former cricketer and two-time BJP
    MP Chetan
    Chauhan has been appointed as the chairman of the National Institute of
    Fashion Technology (NIFT)
    where he has promised to spend ’20 percent’ of
    his time.
  10. Businessman Bipin R Patel was on 18 June 2016 appointed as the President
    of Gujarat Chamber of Commerce and Industry (GCCI)
    for the term
    2016-17.
  11. The Indian mixed recurve team of Deepika Kumari
    and Atanu Das
    on 19 June 2016 won
    silver at the Archery World Cup in Antalya, Turkey
    .
  12. The National Aeronautics and Space Administration (NASA) on 17 June
    2016 unveiled the iconic X-57 Hybrid
    Electric Research Plane
    nicknamed as Maxwell.
Finance/Economy –
Govt relaxes FDI norms, allows 100% in aviation, greenfield pharma
  • The NDA government on Monday
    announced relaxed foreign direct investment (FDI) norms in single brand retail,
    civil aviation, airports, pharmaceuticals, animal husbandry and food products.
  • It has allowed up to 100% foreign
    direct investment (FDI) in defence through the approval route, 100% FDI in food
    product e-commerce, 100% FDI in greenfield pharma via the automatic route, 100%
    in browfield pharma – of which 74% will be through automatic route – 100% FDI
    in scheduled airlines, and up to 49% FDI in airlines through automatic route.
  • While FDI in defence beyond 49%
    was already allowed through approval route and up to 49% through automatic
    route, the new norms have done away with the condition of access to
    ‘state-of-art’ technology in the country for FDI more than 49%.
  • FDI inflows for the financial
    year ending March 2016 stood at $55.46 billion, up from $36.04 billion in the
    previous fiscal.
  • Up to 100% FDI through auomatic
    route has also been permitted for setting up of uplinking HUBs/Teleports,
    Mobile TV, DTH, and cable networks operating at national, state and district
    levels, as well as local cable networks.
TCS, Sernova Financial enter into strategic partnership
  • India’s largest software exporter
    TCS on Monday formed a strategic partnership with Sernova Financial to deliver
    its next generation cloud-based derivative post trade processing service to
    enable banks to effectively maintain compliance with the changing global
    regulatory environment while reducing risk.
  • The new tie-up combines Sernova’s
    capital markets expertise, Calypso platform’s capability and Tata Consultancy
    Services’ (TCS) bouquet of capital markets solutions along with IT-Operations
    synergies as well as Business Process as a Service (BPaaS) models.
  • Sernova’s cloud-based clearing
    service re-creates the shared infrastructure and service elements of
    traditional clearing brokers and counterparties, providing clients with reduced
    risk, lower costs, capital efficiency and increased flexibility than with
    traditional in-house or third party solutions.
URJA Mobile app launched to enhance consumer connect with Urban Power
Distribution sector
  • Union Minister of State (IC) for
    Power, Coal and New and Renewable Energy Piyush Goyal on 16 June 2016 launched
    the URJA Mobile application.
  • The URJA, which stands for Urban
    Jyoti Abhiyaan, was launched on the on the side-lines of Conference of Power
    Ministers at Cansaulim in South Goa.
Key features of URJA Mobile app
  • It seeks to enhance consumer
    connect with the Urban Power Distribution sector.
  • This objective will be achieved
    by providing information of IT enabled towns on important parameters which concern
    the consumers.
  • The key parameters include outage
    information, timely release of connections, addressing complaints, power
    reliability etc.
  • It was developed by Power Finance
    Corporation Ltd on behalf of Ministry of Power.
Essar Steel becomes First Indian company to develop bullet proof steel
  • Joining the elite club of limited
    global suppliers, Essar Steel (ESIL) has introduced bullet proof steel and
    become the first dedicated Indian company with this specialised steel.
  • Used for bullet proofing of
    civilian vehicles and that of security personnel, such steel has either been
    manufactured under restrictive technology transfer agreements with foreign
    countries, or simply imported into India. There is a good and growing potential
    for this product as it can be used in light armored vehicles and protective
    shields or structures. Today, manufacturing bullet proof steel requires a
    highly specialised technology.
  • The specialised steel in bullet
    proofing of vehicles would not only reduce India’s dependence on imported steel
    but also cut foreign currency outgo with possibility of balancing price quotes.
India –
Dharmendra Pradhan, Jual Oram launced Pradhan Mantri Ujjwala Yojana
(PMUY) in Odisha
  • Prime Minister’s Ujjwala Yojana
    (PMUY) was launched in Odisha at Sambalpur by Hon’ble Minister for Tribal
    Affairs Shri Juel Oram.
  • The scheme will especially
    benefit women households situated in Eastern and North-Eastern states. Odisha,
    which has LPG penetration much below the national average, will be greatly
    benefited.
  • Pradhan Mantri Ujjwala Yojana is
    a welfare scheme of Government of India launched by Prime Minister Narendra
    Modi in 2016.
Objectives of Pradhan Mantri Ujjwala Yojana
  • Ujjwala Yojana is aimed at
    providing 5 Crore LPG connections in the name of women in BPL (Below Poverty
    Line) households across the country.
  • The government has set a target
    of 5 Crore LPG connections to be distributed to the BPL households across the
    country under the scheme.
  • Some of the objectives of the
    scheme are Empowering women and protecting their health.
  • Reducing the serious health
    hazards associated with cooking based on fossil fuel.
  • Reducing the number of deaths in
    India due to unclean cooking fuel.
  • Preventing young children from
    significant number of acute respiratory illnesses caused due to indoor air
    pollution by burning the fossil fuel.
Nayak Committee recommends dilution of coastal safety regulations
  • In what could provide a boost to
    real estate, construction, ports sector as well as tourism sector in the
    coastal states, the Shailesh Nayak Committee of environment ministry has
    proposed several relaxations in the coastal zone regulations.
  • If implemented, the changes could
    lead to a largely diminished role for the central government and the central
    environmental regulations over coastal areas and a larger say to state
    governments through their town and country planning departments. Rural coastal
    zones too could get much greater room to develop under such a revised regime
    when compared to the restrictions that the existing regulations put in place.
  • The report commissioned in June
    2014 to relook at the coastal regulations, submitted in January 2015, had been
    kept under wraps since then by by the environment ministry. It was released in
    June 2016 to Kanchi Kohli of CPR-Namati Environment Justice Program after
    orders of the Central Information Commissioner – 18 months after the first
    application was filed. 

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Days –
International Day for the Elimination of Sexual Violence in Conflict
observed

  • First International Day for the
    Elimination of Sexual Violence in Conflict was observed on 19 June 2016. The
    day was observed to raise awareness for the need to put an end to
    conflict-related sexual violence.
  • It calls to honour the victims
    and survivors of sexual violence around the world and to pay tribute to all
    those who have courageously devoted their lives to and lost their lives in
    standing up for the eradication of these crimes.
  • The term “conflict-related sexual
    violence” refers to rape, sexual slavery, forced prostitution, forced
    pregnancy, forced abortion, enforced sterilization and forced marriage.
World Refugee Day observed on 20 June
  • World Refugee Day was observed on
    20 June 2016. It is observed annually to draw attention to the plight of
    refugees, celebrate their courage and resilience and renew commitment to solve
    refugee problems.
  • It also recognises contributions
    of the refugees made to the countries that host them.
Appointments –
Virginia Raggi becomes first female mayor of Rome
  • Virginia Raggi has been elected
    as Rome’s first female mayor in a triumph for the populist Five Star Movement
    (M5S), representing a blow to Matteo Renzi, Italy’s prime minister.
  • Raggi swept into City Hall on
    Sunday with two-thirds of the votes cast in a runoff contest with Roberto
    Giachetti of Renzi’s centre-left Democratic Party (DP).
Former Cricketer And BJP MP Chetan Chauhan Appointed As NIFT Chairman
  • Former cricketer and two-time BJP
    MP Chetan Chauhan has been appointed as the chairman of the National Institute
    of Fashion Technology (NIFT) where he has promised to spend ’20 percent’ of his
    time.
  • Chauhan takes over from Kiran
    Dhingra, a retired IAS officer as the chairman. The Board of Governors of NIFT,
    according to The Indian Express, was reconstituted in 2010 under Dayanidhi
    Maran, Textiles Minister in the UPA. Venu Srinivasan, chairman of TVS Motor Co
    and managing director of Sundaram Clayton Ltd, was appointed as the chairman
    then.
Bipin R Patel appointed as President of Gujarat Chamber of Commerce and
Industry
  • Businessman Bipin R Patel was on
    18 June 2016 appointed as the President of Gujarat Chamber of Commerce and
    Industry (GCCI) for the term 2016-17. He succeeds Rohit J Patel.
  • The decision in this regard was
    taken during the annual general meeting (AGM) of the GCCI. In another
    development, Shailesh Patwari was appointed as the Senior Vice-President of the
    chamber.
Sports –
India won Silver medal at Archery World Cup in Antalya
  • The Indian mixed recurve team of
    Deepika Kumari and Atanu Das on 19 June 2016 won silver at the Archery World
    Cup in Antalya, Turkey.
  • In the final clash at Konyaalti
    Beach Park, the Indian team lost to South Korea 1-5.
  • Indian team trailed 0-2 in the
    first set against the top-seed Korean pair of Choi Misun and Ku Bonchan and
    went down 1-5 in the final.
Sri Lankan pacer Shaminda Eranga suspended by ICC for illegal action
  • International Cricket Council
    (ICC) on 19 June 2016 suspended Sri Lanka’s fast bowler Shaminda Eranga from
    bowling. He was suspended after an assessment of his bowling action.
  • The assessment revealed that all
    deliveries exceeded the 15 degrees level of tolerance permitted under the
    regulations.
  • The test was performed on 6 June
    20156 at the National Cricket Performance Centre in Loughborough, which is an
    ICC accredited testing centre.
  • Eranga, who has played 41 times
    for Sri Lanka across all three formats, was reported after the second Test
    against England at Chester-le-Street on 31 May 2016.
World –
NASA unveils X-57 Hybrid Electric Research Plane
  • The National Aeronautics and
    Space Administration (NASA) on 17 June 2016 unveiled the iconic X-57 Hybrid
    Electric Research Plane nicknamed as Maxwell.
  • The plane is fixed with 14
    electric motors turning propellers and all of them are integrated into a
    uniquely-designed wing. NASA will use this plane to test new propulsion
    technology.
Obituaries –
Renowned Educationalist Jeppiaar passes away
  • Jeppiaar, a renowned
    politician-turned-educationalist and founder of Jeppiaar Educational Trust,
    passed away on 18 June 2016 following a brief illness at Chennai. He was 85.
  • He was originally named as
    Jesadimai Pangiraj. He was a pioneer in the setting up of private engineering
    institutions in Tamil Nadu and was the founder chancellor of Sathyabama
    University.

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