Current Affairs Update – 25 – 27th June, 2016

Hello and welcome to exampundit . Here are the Important Current Affairs from 25th of June to 27th of June, 2016. These are important for the upcoming SBI PO Mains 2016 & UBI PGDBF 2016 Exams.

Current Affairs at a Glance – 25 – 27th June, 2016

  1. Union Cabinet chaired by Prime
    Minister Narendra Modi on 22 June 2016 approved the
    sale of all available spectrum in the country
    . This
    is the largest-ever spectrum auction in the country
    .
  2. A consortium of three companies
    in China
    has signed an agreement with the Andhra Pradesh government
    for setting
    up Rs 10,183 crore gas-based fertilizer plant near Krishnapatnam
    .
  3. State-run Bharat Heavy Electricals Ltd
    (BHEL)
    today said that it has commissioned two units of 14 Megawatts
    each at Salma Hydro Electric Project
    in Afghanistan.
  4. In a bid to ensure that
    meritorious students do not stop enrolling for higher education due to lack of
    funds, Odisha Chief Minister Naveen Patnaik today launched a new
    scheme, ‘Kalinga
    Sikshya Sathi Yojana’
    .
  5. India on 27 June 2016 became
    the 35th full member of the Missile Technology Control Regime (MTCR)
    .
    This entry would be mutually beneficial to enhance global non-proliferation
    norms.
  6. International Day against Drug Abuse and
    Illicit Trafficking
    was observed on 26 June 2016.
  7. International Day in Support of Victims of
    Torture
    was observed on 26 June 2016.
  8. Day of the Seafarer 2016 was
    observed across the world on 25 June 2016.
  9. The International Olympic Day was celebrated on 23 June 2016.
  10. Chile on 26 June 2016 won the Copa America football tournament.
    In the final clash played at MetLife Stadium, Chile defeated Argentina 4-2
    through penalties shootout.
  11. Lionel Messi, the Barcelona
    star, on 26 June 2016 announced his plans to retirement from
    international football
    .
  12. Anju Bobby George and Pullela Gopichand were named as the members of Khelo India on 26 June 2016. Khelo India is a national
    programme launched by the Union Government for the development of sports in the
    country.
  13. Indian sprinter Dutee Chand on 25 June 2016 qualified for Rio Olympics in the
    women’s 100metre event.  With this fete,
    the champion from Odisha also became the first Indian woman to qualify for the
    event since qualification started for the event.
  14. The finance ministry on Monday in
    a statement said that Sujoy Bose has been appointed
    as the chief executive officer (CEO) of National Investment and Infrastructure
    Fund (NIIF) Ltd
  15. Yasmin Sooka, the South African
    Indian-origin lawyer and long-time human rights activist, was appointed to
    chair a UN commission on 24 June 2016.
  16. The 17th International Indian Film Academy
    (IIFA) Awards
    2016 were presented on 25 June 2016 in Madrid, Spain. Bajrangi Bhaijaan won the best film
    while Ranveer Singh & Deepika
    Padukone
    won the best actor & actress awards respectively.
  17. Veteran Malayalam theatre artist
    and poet Kavalam
    Narayana Panicker
    passed away on
    26 June 2016 in Thiruvananthapuram, Kerala.
Finance/Industry –
Union Cabinet approves largest-ever Spectrum Auction
  • Union Cabinet chaired by Prime
    Minister Narendra Modi on 22 June 2016 approved the sale of all available
    spectrum in the country. This is the largest-ever spectrum auction in the
    country.
  • The move could fetch 5.5 lakh
    crore rupees for the exchequer, going by the reserve price. This amount is five
    times higher than the revenue of 1.1 lakh rupees that government earned through
    the auction conducted in 2015.
Main highlights of the decision
  • The auction, to be conducted in
    September 2016, will put up about 2000 MHz of airwaves for sale.
  • It will put up 700 MHz band for
    sale for the first time at a reserve price of 11485 crore rupees per MHz
    pan-India. 700 MHz band is preferred for offering high-speed broadband services
    and the cost of delivering mobile services in the 700 MHz band is also
    approximately 70% cheaper than in the 2100 MHz band (used for 3G services).
  • It has fixed a reserve price of
    2873 crore rupees for the 1800 MHz spectrum, which is widely used for offering
    voice services
  • For spectrum in the 900 MHz, 800
    MHz, 2100 MHz and 2300 MHz bands, reserve prices of 3341 crore rupees, 5819
    crore rupees, 3746 crore rupees and 817 crore ruppes respectively have been
    stipulated.
MoU signed for Rs 10,183 crore fertilizer plant in Andhra Pradesh
  • A consortium of three companies
    has signed an agreement with the Andhra Pradesh government for setting up Rs
    10,183 crore gas-based fertilizer plant near Krishnapatnam.
  • The MoU for the plant was signed
    in Tianjin on Monday on the second day of China visit by 13-member delegation
    led by Chief Minister N. Chandrababu Naidu.
  • China Huanqiu Contracting and
    Engineering Corporation, Isomeric Holdings, and LEPL Ventures signed the MoU
    with the Andhra Pradesh Economic Development Board and its department of
    commerce and industries.
  • The plant is expected to provide
    direct employment to 5,000 people. The work on the project will start in
    2017-18, said a statement from the chief minister’s office.
  • Beijing-headquartered Huanqiu has
    50 years experience in chemical industry, while Malaysia’s Isomeric has
    expertise in building gas based-projects and LEPL Ventures of Andhra Pradesh is
    a diversified firm with stakes in infrastructure, airlines, logistics, hospitality,
    health and education.
BHEL commissions two hydel units in Afghanistan
  • State-run Bharat Heavy
    Electricals Ltd (BHEL) today said that it has commissioned two units of 14
    Megawatts each at Salma Hydro Electric Project in Afghanistan.
  • The Salma dam, or the
    Afghan-India Friendship dam, was inaugurated by Prime Minister Narendra Modi in
    presence of Afghan President Ashraf Ghani, BHEL said in a statement.
  • In the execution of the Salma
    hydro project, BHEL faced numerous challenges in the movement of men and
    material through difficult terrains, it said.
  • This project has been funded
    under government of India’s grant to Afghanistan.
India –
Odisha launches new higher education loan scheme ‘Kalinga Sikshya Sathi
Yojana’ for underprivileged
  • In a bid to ensure that
    meritorious students do not stop enrolling for higher education due to lack of
    funds, Odisha Chief Minister Naveen Patnaik today launched a new scheme, ‘Kalinga
    Sikshya Sathi Yojana’.
  • Under the provisions of the
    scheme, the state government would provide education loan at only 1 per cent
    interest per annum to students undergoing higher education, including
    management, law, engineering, medicine and others.
  • The state government has
    earmarked Rs 500 crore from its own resources for the purpose.
  • Biju Babu had instituted Kalinga
    UNESCO award for popularisation of science when he was only 35 years old, the
    chief minister said.
India became 35th full member of Missile Technology Control Regime
  • India on 27 June 2016 became the
    35th full member of the Missile Technology Control Regime (MTCR). This entry
    would be mutually beneficial to enhance global non-proliferation norms.
  • The instrument of accession to
    MTCR for India was signed in New Delhi by Foreign Secretary S Jaishankar. The
    entry also marks India’s first entry into any multilateral export control
    regime.
  • The MTCR Point of Contact in
    Paris conveyed the decision regarding India’s accession to the regime through
    the French Embassy in New Delhi as well as the Embassies of The Netherlands and
    Luxembourg.
Key Facts of India joining MTCR
  • India’s entry into the regime as
    its thirty-fifth member would be mutually beneficial in the furtherance of
    international non-proliferation objectives.
  • It entered this multilateral
    export control regime with the support of all thirty-four MTCR Partners. In
    2015, India’s membership to the group was blocked by Italy.
  • MTCR membership will now enable
    India to buy high-end missile technology and also enhance its joint ventures
    with Russia.
Days –
International Day against Drug Abuse and Illicit Trafficking observed
with theme Listen First
  • International Day against Drug
    Abuse and Illicit Trafficking was observed on 26 June 2016. The day was
    observed with theme Listen First.
  • 2016 theme Listen First is an
    initiative to increase support for prevention of drug use that is based on
    science and is thus an effective investment in the well-being of children and
    youth, their families and their communities.
  • On this day, the United Nations
    Office of Drugs and Crime (UNODC) also released the World Drug Report 2016.
International Day in Support of Victims of Torture observed
  • International Day in Support of
    Victims of Torture was observed on 26 June 2016. The day is held annually to
    speak out against the crime of torture. It also seeks to honor and support
    victims and survivors throughout the world.
  • Torture seeks to annihilate the
    victim’s personality and denies the inherent dignity of the human being. The
    United Nations has condemned torture from the outset as one of the vilest acts
    perpetrated by human beings on their fellow human beings.
Day of the Seafarer 2016 observed with theme At Sea For All
  • Day of the Seafarer 2016 was
    observed across the world on 25 June 2016. The theme for the year is At Sea For
    All.
  • The theme for the year has a
    clear link with the 2016 World Maritime Day theme, Shipping: indispensable to
    the world.
  • The themes highlight the point
    that seafarers serve at sea not just for the shipping industry or for their own
    career purposes but for all of us.
International Olympic Day celebrated on 23 June
  • The International Olympic Day was
    celebrated on 23 June 2016. To mark the occasion, over 160 National Olympic
    Committees (NOCs) and sports organizations across the world organised a series
    of events to spread Olympic values and encourage people to get involved in sports
    and lead more active lives.
  • The 2016 Summer Olympics
    host-city Rio de Janeiro unveiled its athletes’ village to mark the day. The
    Brazilian city will host the XXXI Olympiad between 5 August and 21 August 2016.

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Sports –
Chile beat Argentina to win 2016 Copa America Football tournament

  • Chile on 26 June 2016 won the
    Copa America football tournament. In the final clash played at MetLife Stadium,
    Chile defeated Argentina 4-2 through penalties shootout.
  • This was second America title for
    Chile, it won the first title in 2015 after defeating Argentina 4-1 in a
    penalty shootout following a 0-0 scoreless draw at the end of regulation.
  • With this, Chile also became the
    first team to win the Copa America in back to back years since Argentina in
    1946 and 1947.
Awards
  1. Golden Ball: Alexis Sanchez
    (Chile)
  2. Golden Boot: Eduardo Vargas
    (Chile)
  3. Golden Glove award: Claudio Bravo
    (Chile)
  4. Fair Play Award: Argentina
Lionel Messi retires from Argentina after Copa America final loss to
Chile
  • Lionel Messi, the Barcelona star,
    on 26 June 2016 announced his plans to retirement from international football.
  • The announcement from the foot
    balling great of his generation came just hours after he missed the penalty in
    the Copa America final. His team, Argentina, faced a defeat from Chile in Copa
    America final at New Jersey in the US.
  • Argentina lost 4-2 on penalties
    to Chile after a 0-0 draw in MetLife Stadium.
Anju Bobby George & Pullela Gopichand taken as members of Khelo
India
  • Anju Bobby George and Pullela
    Gopichand were named as the members of Khelo India on 26 June 2016. Khelo India
    is a national programme launched by the Union Government for the development of
    sports in the country.
  • George, India’s lone athletics
    World Championship medal winner and Gopichand, the chief national badminton
    coach are the two sportsperson who were included in the seven-member committee
    of Khelo India.
  • The committee will be headed by
    Sports Secretary Rajiv Yadav.
Jitu Rai wins silver in ISSF World Cup
  • Shooter Jitu Rai on 25 June 2016
    won silver in the 10 m Air Pistol event at the ISSF World Cup held in Baku,
    Azerbaijan.
  • It is the second medal in a World
    Cup this season for Rai, who had won the free pistol gold in the first World
    Cup in Bangkok.
  • Brazilian shooter Felipe Almeida
    Wu won the gold medal, while Korea’s Jin Jongoh bagged the bronze medal.
Sprinter Dutee Chand qualifies for Rio Olympics
  • Indian sprinter Dutee Chand on 25
    June 2016 qualified for Rio Olympics in the women’s 100metre event. She
    qualified in the games after meeting the qualification mark at 26th
    International Meeting G. Kosanov Memorial in Almaty, Kazakhstan.
  • Dutee clocked 11.30 seconds
    beating the Rio Olympics qualification mark of 11.32 secs.
  • With this fete, the champion from
    Odisha also became the first Indian woman to qualify for the event since
    qualification started for the event.
  • PT Usha had qualified for the
    event in 1980 Olympics.
Appointments –
Sujoy Bose appointed as new CEO of NIIF
  • The finance ministry on Monday in
    a statement said that Sujoy Bose has been appointed as the chief executive
    officer (CEO) of National Investment and Infrastructure Fund (NIIF) Ltd.
  • Bose at present is director at
    Infrastructure and Natural Resources, International Finance Corporation (IFC).
  • In a tweet, minister of state for
    finance Jayant Sinha congratulated Bose and said that NIIF is an innovative
    fund to finance India’s infrastructure needs.
  • Economic affairs secretary,
    Shaktikanta Das also tweeted that NIIF will play big role in infrastructure
    financing.
Indian-origin lawyer Yasmin Sooka to chair panel on human rights in
South Sudan
  • Yasmin Sooka, the South African
    Indian-origin lawyer and long-time human rights activist, was appointed to
    chair a UN commission on 24 June 2016.
  • The commission will monitor the
    human rights situation in South Sudan and make recommendations for their
    improvement.
  • She will serve together with
    Kenneth Scott from the US and Godfrey Musila of Kenya on the Commission on
    Human Rights in South Sudan.
  • The UN resolved to establish the
    Commission following calls for investigation into alleged atrocities by both
    government and rebel forces before an independent South Sudan was carved out of
    the larger Sudan in 2011.
N Srinivasan re-elected President of Tamil Nadu Cricket Association for
15th term
  • Former BCCI chief N Srinivasan
    was unanimously re-elected as President of the Tamil Nadu Cricket Association
    (TNCA) for a 15th consecutive term on 25 June 2016.
  • He along with the other office
    bearers of the state cricketing body for the current season were elected at its
    86th annual general body meeting in Chennai based on consensus.
Awards & Honors –
International Indian Film Academy IIFA Awards 2016 presented
  • The 17th International Indian
    Film Academy (IIFA) Awards 2016 were presented on 25 June 2016 in Madrid,
    Spain.
  • The awards were presented by the
    International Indian Film Academy honouring the best Hindi films of 2015.
List of 2016 IIFA Awards
  • Best Film – Bajrangi Bhaijaan
  • Best Director – Sanjay Leela
    Bhansali for Bajirao Mastani
  • Best Actor in a Leading Role – Ranveer
    Singh for Bajirao Mastani
  • Best Actress in a Leading Role – Deepika
    Padukone for Piku
World –
China launches first Dark Sky Reserve in Tibet to limit light pollution
  • China in the fourth week of June
    2016 launched its first dark sky reserve in Ngari Prefecture, Tibet.
  • The purpose of the dark sky
    reserve is to limit light pollution and preserve sites for making astronomical
    observations.
Key facts related to the reserve
  • The reserve covers an area of
    2500 square kilometres.
  • It was jointly launched by the
    China Biodiversity Conservation and Green Development Foundation and the
    regional government of Tibet.
Nepal bans citizens from working in Afghanistan, Iraq, Syria and Libya
  • Nepal on 24 June 2016 banned its
    citizens from working in strife-torn Afghanistan, Iraq, Syria and Libya. The
    decision was made at a cabinet meet after 13 Nepali security guards were killed
    in a Taliban suicide bombing in Kabul.
  • Nepali nationals killed in Afghanistan
    were employed as security guards in the Canadian embassy in Kabul. They were
    killed when militants exploded a bomb in a minibus on 20 June 2016.
Obituaries –
Noted Malayalam theatre artist Kavalam Narayana Panicker passes away
  • Veteran Malayalam theatre artist
    and poet Kavalam Narayana Panicker passed away on 26 June 2016 in Thiruvananthapuram,
    Kerala. He was 88.
  • In 1993, Erin B. Mee directed his
    play Ottayan in New York City.
  • His notable works are
    Madhyamavyayogam, Kalidasa’s Vikramorvasiyam, Shakuntalam, Karnabharam, Bhasa’s
    Uru Bhangam, Swapnavasavadattam and Dootavakyam.
  • He also directed two movies, Mani
    Madhava Chakyar: The Master at Work, and Parvati Viraham in Kuttiyattam form.
    Kuttiyattam is a form of Sanskrit theatre.
  • He was awarded with the Padma
    Bhushan in 2007.

Regards

Team ExamPundit