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.

• 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.

• 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.

• 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).

• 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.

• 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.

• 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.

• 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).

• 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).

• 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.

• 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.

• 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.

• 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.

• 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