Current Affairs Update – 6th June, 2015

Hello and welcome to ExamPundit. Here are the Important Current Affairs of 6th June, 2015. These are important for upcoming SBI PO 2015 Mains Exam.

• India and Bangladesh on Saturday opened a new chapter in their ties as they settled the 41-year-old boundary dispute and promised to do more in other areas amid Prime Minister Narendra Modi’s announcement of a fresh line of credit of $2 billion to the neighbouring country.
• With West Bengal Chief Minister Mamata Banerjee standing by his side, Mr. Modi, on his maiden visit in Dhaka, also expressed confidence to have a “fair solution” to the Teesta and Feni river water sharing issues with Bangladesh “with the support of state governments in India”.
• After extensive talks between Mr. Modi and Bangladesh Prime Minister Sheikh Hasina, the two sides signed 22 agreements, including on cooperation in maritime safety and to curb human trafficking and fake Indian currency.
• He announced a fresh $2 billion line of credit for Bangladesh and promised quick implementation of the earlier line of credit of $800 million and full disbursement of $200 million.
• The highlight of the Mr. Modi’s first day in Dhaka was the exchange of documents related to the Land Boundary Agreement (LBA), which paves the way for exchange of territories to settle the 41-year-old border dispute which has been an irritant.

• Anil Ambani-led Reliance Power today signed an agreement to invest USD 3 billion in setting up a mega power plant and a floating LNG import terminal in Bangladesh which faces acute power shortages.
• Reliance Power will set up a 2 million tonnes a year floating LNG import terminal as well as 3,000 megawatt power plant, according to a memorandum of understanding (MoU) signed by Sameer Gupta, Executive Vice President of Reliance Power, during Prime Minister Narendra Modi' two-day visit here.
• The company will use the equipment it had contracted for its Samalkot project in Andhra Pradesh for setting up the power plant in Bangladesh in three years from the date of signing power purchase agreement (PPA).
• The equipment will be under appropriate warranties from General Electric (GE), USA and the other global suppliers, the company said in a statement.
• Reliance Power was implementing a 2,400 MW gas based power project at Samalkot in Andhra Pradesh. The project was to be allocated gas from Reliance Industries' KG-D6 block but due to the drastic decline in production, the project has not got any gas so far.

• On Prime Minister Narendra Modi’s maiden visit to Dhaka, India and Bangladesh on Saturday sealed a historic agreement that will settle a 41-year-old land boundary dispute through exchange of territories, removing a major irritant in bilateral ties.
• The two sides exchanged documents regarding the Land Boundary Agreement (LBA) that was passed unanimously by the Parliament last month in the presence of Mr. Modi and his Bangladeshi counterpart Sheikh Hasina besides West Bengal Chief Minister Mamata Banerjee.
• The exchange of documents paves way for the operationalisation of the 1974 India-Bangladesh LBA that provides for exchange of 161 enclaves between the two countries. A total 111 border enclaves will be transferred to Bangladesh in exchange for 51 that will become part of India.
• Ahead of his visit, Mr. Modi had said the Agreement marked a “watershed moment” in India’s ties with Bangladesh.
• Under the agreement, India will have an advantage of 500 acres and 10,000 acres will go to Bangladesh.
• The agreement settles the question of citizenship for over 50,000 people.
• The issue has been a major irritant in ties between the two countries which share a 4,096-km-long border, most of which is porous.
• The settlement of the LBA comes as both countries have settled their maritime boundary.

• In a major boost to connectivity between India and Bangladesh, two bus services were flagged off on Saturday by Prime Minister Narendra Modi, his Bangladesh counterpart Sheikh Hasina and West Bengal Chief Minister Mamata Banerjee in Dhaka.
• The bus services — Kolkata-Dhaka-Agartala and Dhaka-Shillong-Guwahati — will link West Bengal to three North Eastern states of India via Bangaldeshi capital Dhaka.
• During the flag off ceremony on the first day of Mr. Modi’s visit, he handed over a symbolic ticket of the Agartala-Dhaka-Kolkata service to Ms. Hasina and she handed over a symbolic ticket of Dhaka-Shillong-Guwahati service to her Indian counterpart. Ms. Banerjee gave Ms. Hasina a symbolic ticket of the Kolkata-Dhaka-Agartala service.
• These bus services are aimed at improving people-to-people contact between the neighbouring countries by enhancing connectivity.
• There would be two buses on the Kolkata-Agartala-Dhaka route, one of which would be run by the West Bengal government and the other by the Tripura government.
• The solo bus in the Dhaka-Shillong-Guwahati route would be run by the Bangladeshi government. Buses on this route would originate three days a week each from Guwahati and Dhaka, respectively.

• Former captain Rahul Dravid was on Saturday appointed coach of the India A and Under-19 cricket teams after the first meeting of BCCI’s advisory committee here. Meanwhile, suspense continued over Ravi Shastri’s tenure as the senior team’s Director post the Bangladesh tour.
• The panel — comprising retired legends Sachin Tendulkar, Sourav Ganguly and VVS Laxman — met at the Cricket Association of Bengal office at the Eden Gardens and also present was BCCI President Jagmohan Dalmiya.
• The 42-year-old Dravid, a veteran of 164 Tests and 344 ODIs, had been sounded out for the national coach’s job but he was reluctant to take up the assignment owing to family commitments.
• Sources said, Dravid was, however, keen to take up the responsibility of shaping up the next generation of Indian cricket. He is likely to tour with India A tem also.
• However, there was no end to speculation surrounding Shastri, who has been retained Team Director till the Bangladesh tour.

• UK Author Ali Smith on 3 June 2015 won the 2015 Baileys Women's Prize for Fiction for her novel How to be Both.
• Other nominees for the award were English author Laline Paull, Canadian author Rachel Cusk, Pakistani author Kamila Shamsie and Welsh author Sarah Waters.
• Ali Smith, a Scottish author, has also won the 2014 Goldsmiths Prize and the Novel Award in the 2014 Costa Book Awards for the same book.
• Earlier, the book was shortlisted for the 2014 Man Booker Prize and the 2015 Folio Prize.

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