Current Affairs Update – 21st July, 2016

Hello and welcome to exampundit . Here are the Important Current Affairs for 21st July, 2016. These are important for the upcoming SBI PO Mains and UBI PO PGDBF Exams 2016.

Current Affairs at a Glance – 21st July, 2016

  1. Federal Bank has signed an agreement with
    Reliance Jio Money
    for one-click
    payment service. Reliance Jio money is a wallet application that will be
    launched soon for mobile devices where Federal bank will enable a direct payment
    option for its customers.
  2. The Union Cabinet on 20 July 2016
    approved a proposal to introduce amendments to the Benami Transactions (Prohibition) Amendment
    Bill, 2015
    in Parliament.
  3. The Cabinet Committee on Economic
    Affairs (CCEA) on 20 July 2016 gave its approval for installation of Ghatampur Thermal Power
    Project (GTPS)
    of 1980 MW capacity through a Joint Venture Company. The
    project will be implemented at an estimated cost of 17237.8 crore rupees.
  4. The Union Cabinet chaired by the
    Prime Minister Narendra Modi on 20 July 2016 approved the incorporation of Sagarmala
    Development Company (SDC)
    under the Companies Act, 2013. It will be
    under the administrative control of the Ministry of Shipping.
  5. The Cabinet Committee on Economic
    Affairs (CCEA) on 20 July 2016 approved construction of a new dry dock within Cochin Shipyard Limited
    (CSL)
    . The dock at CSL will be developed at an estimated cost of
    1799 crore rupees.
  6. The Union Cabinet on 20 July 2016
    gave its approval for establishment of new All India Institutes of Medical Sciences (AIIMS) at
    Gorakhpur in Uttar Pradesh
    .
  7. Central Government on Thursday
    promoted director general and mission director of Unique Identification Authority of India
    (UIDAI) Ajay Bhushan Pandey as its chief executive officer (CEO)
    .
  8. Turkey’s President Recep Tayyip
    Erdogan on 20 July 2016 declared a three-month state of emergency in
    the country.
    The emergency was declared in response to the failed coup
    that happened on 15 July 2016.
Finance/Industry/Banking –
Federal Bank ties up with Reliance Jio Money
  • Federal Bank has signed an
    agreement with Reliance Jio Money for one-click payment service. Reliance Jio
    money is a wallet application that will be launched soon for mobile devices
    where Federal bank will enable a direct payment option for its customers.
  • Through this service the bank’s
    customers can complete a transaction without funding the wallet.
  • Bank’s customers will get a
    facility to directly pay from their account for the services offered through
    the wallet (without pre-loading their wallet).
  • This arrangement will help
    customers retain cash in their account and use it only when a transaction is
    made unlike other instances where a wallet will require the user to maintain
    balance exclusively in the wallet.
Union Cabinet approves amendment in the Benami Transactions Prohibition
amendment Bill, 2015
  • The Union Cabinet on 20 July 2016
    approved a proposal to introduce amendments to the Benami Transactions
    (Prohibition) Amendment Bill, 2015 in Parliament.
  • The amendments aim to strengthen
    the Bill in terms of legal and administrative procedure so as to overcome the
    practical difficulties which may arise in the implementation of the provisions
    of the Bill when it becomes an Act.
  • The legislation is intended to
    effectively prohibit benami transactions and consequently prevent circumvention
    of law through unfair practices.
CCEA approves Ghatampur Thermal Power Project in Uttar Pradesh
  • The Cabinet Committee on Economic
    Affairs (CCEA) on 20 July 2016 gave its approval for installation of Ghatampur
    Thermal Power Project (GTPS) of 1980 MW capacity through a Joint Venture
    Company.
  • The Joint Venture Company is
    named as Neyveli Uttar Pradesh Power Limited (NUPPL). The company is formed
    jointly by Neyveli Lignite Corporation Limited (NLC) and Uttar Pradesh Rajya
    Vidyut Utpadan Nigam Limited (UPRVUNL).
Key highlights of the project
  • The project will be implemented
    at an estimated cost of 17237.8 crore rupees.
  • The estimated cost includes
    Interest During Construction component of 3202.42 crore rupees.
  • The commissioning of Unit I, II
    and III will be 52 months, 58 months and 64 months respectively from starting
    date.
Union Cabinet approves incorporation of Sagarmala Development Company
  • The Union Cabinet chaired by the
    Prime Minister Narendra Modi on 20 July 2016 approved the incorporation of
    Sagarmala Development Company (SDC) under the Companies Act, 2013. It will be
    under the administrative control of the Ministry of Shipping.
  • SDC will be developed with an
    initial Authorized Share Capital of 1000 Crore rupees and a Subscribed Share
    Capital of 90 Crore rupees. It will provide equity support to the project
    Special Purpose Vehicles (SPVs) and funding support to the residual projects
    under the Sagarmala Programme.
  • Implementation of the identified
    projects will be done mainly through private or PPP mode.
  • It will provide equity support
    for the project Special Purpose Vehicles (SPVs) set up by the
    Ports/State/Central Ministries window.
  • It will implement only those
    residual which cannot be funded by any other means / mode.
CCEA approves construction of new Dry Dock within Cochin Shipyard
Limited
  • The Cabinet Committee on Economic
    Affairs (CCEA) on 20 July 2016 approved construction of a new dry dock within
    Cochin Shipyard Limited (CSL).
  • The dock at CSL will be developed
    at an estimated cost of 1799 crore rupees.
  • Objective: The project will
    augment the shipbuilding/ship repair capacity essentially required for tapping
    the market potential of building specialized and technologically advanced large
    vessels.
  • Large vessels include Liquefied
    Natural Gas (LNG) vessels, Indigenous Aircraft Carriers of higher capacity,
    Jack up Rigs, Drill ships, large Dredgers and repairing of offshore platforms
    and larger vessels.
India –
Union Cabinet approves establishment of All India Institutes of Medical
Sciences at Gorakhpur
  • The Union Cabinet on 20 July 2016
    gave its approval for establishment of new All India Institutes of Medical
    Sciences (AIIMS) at Gorakhpur in Uttar Pradesh.
  • The institute will be established
    under the Pradhan Mantri Swasthya Suraksha Yojana (PMSSY).
Key highlights of the project
  • The cost of the project for
    establishment of the new AIIMS in Gorakhpur will be 1011 crore rupees.
  • The cost estimate does not
    include recurring costs (wages, salaries and operation, maintenance and
    expenses).

 Sponsored

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




Union Cabinet approves Transgender Persons (Protection of Rights) Bill,
2016
  • The Union Cabinet on 20 July 2016
    approved The Transgender Persons (Protection of Rights) Bill, 2016 to protect
    transgenders from discrimination.
  • Through this Bill, the Government
    aims to evolve a mechanism for social, economic and educational empowerment of
    the transgenders.
Highlights of the Bill
  • The Bill will benefit a large
    number of transgender persons, mitigate the stigma, discrimination and abuse
    against this marginalized section and bring them into the mainstream of
    society.
  • It will lead to greater
    inclusiveness and will make the transgender persons productive members of the
    society.
  • It will make all the stakeholders
    responsive and accountable for upholding the principles underlying the Bill.
Appointments –
Govt appoints Ajay Bhushan Pandey UIDAI CEO
  • Central Government on Thursday
    promoted director general and mission director of Unique Identification
    Authority of India (UIDAI) Ajay Bhushan Pandey as its chief executive officer
    (CEO).
  • A doctorate in computer science
    from University of Minnesota Minneapolis of the US, Pandey is a Maharashtra
    cadre IAS officer of 1984 batch.
  • He has been involved with the
    UIDAI established under the Aadhaar Act and implementation of Aadhaar since
    September 2010.
  • It was during his tenure as the
    UIDAI head when Aadhaar allocation crossed 100 crore and a new Aadhaar Bill was
    passed.
World –
Turkey declares three-month state of emergency after a failed military
coup
  • Turkey’s President Recep Tayyip
    Erdogan on 20 July 2016 declared a three-month state of emergency in the
    country. The emergency was declared in response to the failed coup that happened
    on 15 July 2016.
  • The decision was made following a
    meeting with cabinet ministers and top security advisers in Ankara.
  • While declaring the imposition of
    the emergency Erdogan said that the measure was being taken to counter threats
    to Turkish democracy.
Obituaries –
Oldest and last Babri litigant Hashim Ansari passes away
  • Mohammad Hashim Ansari, the
    oldest litigation in the Ramjanmabhoomi-Babri title suit, died on 20 July 2016
    due to heart-related complications in the temple city of Ayodhya. He was 95.
  • Ansari, born in Ayodhya, was one
    of the seven main litigants from Muslim side in the 1949 Babri Masjid case
    regarding placing of Lord Rama idols in the premises. He was the lone surviving
    litigant of the case.
  • The other six main litigants were
    Mohammad Farooq, Ashhad Rashidi, Maulana Mahfuzurur Rahman, Mufti Hasbullah,
    Mahmud and Sunni Central Waqf Board.

Regards

Team ExamPundit