Current Affairs Update – 7th June, 2015

Hello and welcome to ExamPundit. Here are the Important Current Affairs of 7th June, 2015. These are important for the Upcoming SBI PO 2015 Mains exam.

• Mauritius has regained the position as top source of foreign direct investment (FDI) into India by pushing Singapore to the second slot in 2014-15.
• Mauritius accounted for about 29 per cent of the country's total FDI inflows last fiscal. In 2013-14, Singapore had replaced Mauritius as the top source of FDI into India.
• India attracted USD 9.03 billion in FDI from Mauritius in 2014-15, whereas it was USD 6.74 billion from Singapore, according to the data of the Department of the Department of Industrial Policy and Promotion (DIPP).
• According to experts, the benefits under tax treaty and deferment of General Anti-Avoidance Act (GAAR) by two years has helped investors.
• Although Singapore has come down to the second position, foreign inflows from that country are increasing year after year. FDI inflow of USD 6.74 billion in 2014-15 was the highest ever received from Singapore since 2006-07.

• With an aim to boost bilateral trade, Bangladesh has offered to establish two Special Economic Zones for Indian companies besides allowing Life Insurance Corporation to start operations in the country.
• After Prime Minister Narendra Modi’s talks with his counterpart Sheikh Hasina on Saturday, both sides signed a number of pacts to spur economic engagement and enhance connectivity so that North East region could be linked to South Asian countries.
• As per the MoU on the economic zone, Bangladesh will offer SEZs to Indian companies in Mongla and Bheramara.
• India becomes the third country after Japan and China to have shown interest in developing economic zones in Bangladesh, media reports here said.
• A separate MoU was also inked on use of Chittagong and Mongla Ports by Indian ships to ensure better movement of goods.
• An agreement was inked between Bangladesh Standards and Testing Institution (BSTI) and Bureau of Indian Standards (BIS) on cooperation in the field of standardisation.

• Prime Minister Narendra Modi today received on behalf of Atal Bihari Vajpayee Bangladesh’s prestigious Liberation War Honour for his “active role” in the country’s freedom struggle, saying the BJP veteran was an “inspiration” to him and other political workers.
• President Abdul Hamid handed over the Bangladesh Liberation War Honour to Modi at a glittering ceremony at Bangabhaban, the President’s house, as 90-year-old Vajpayee is ailing and unable to travel.
• The function was attended by Premier Sheikh Hasina, her Cabinet colleagues, eminent citizens, diplomats and top Bangladeshi officials.
• Modi, while receiving the honour, hailed Vajpayee’s leadership, saying the “great leader” was a source of inspiration for political workers including him.

• YES Bank shareholders approved 12 resolutions, including reappointment of Rana Kapoor as the MD and CEO, at its 11th Annual General Meeting (AGM) on Saturday.
• Kapoor's reappointment will be for a period of three years.
• Madhu Kapur, the bank's second largest shareholder after Rana Kapoor and the widow of co-founder Ashok Kapur, has been in a legal dispute with YES Bank since June 2013, seeking rights to nomination of directors on the bank's board.
• A majority of shareholders also approved the re-appointment of M R Srinivasan as non-executive and non-independent Director of YES Bank, and Diwan Arun Nanda and Ajay Vohra as Independent Directors.

• Senior IAS officer Naresh Kumar was appointed as the new chairman of New Delhi Municipal Council (NDMC).
• Kumar, a 1987 batch IAS officer of AGMUT cadre, is presently Managing Director of the Khadi and Village Industries Commission Board.
• The appointment was made in consultation with Delhi Chief Minister Arvind Kejriwal, an order issued by the Union Home Ministry said.
• Kumar had previously worked as the Chairman and Managing Director (CMD) of the Delhi Transport Corporation, as a Joint Secretary, Ministry of Mines and as an Additional Commissioner in the erstwhile Municipal Corporation of Delhi.
• He will take over from Dharam Pal, who was appointed as adhoc chairman of NDMC after Jalaj Srivastava was transferred to the Central deputation on May 1.

• Barcelona were crowned European champions for the fifth time after beating Juventus 3-1 in a superb Champions League final at the Olympic Stadium on Saturday.
• Goals from Ivan Rakitic after four minutes, Luis Suarez in the 68th and Brazilian Neymar in stoppage-time sealed a treble for the Catalans, who also won La Liga and the Spanish King's Cup.
• Both teams played outstanding, attacking football in one of the great European finals and Juve pushed Barca all the way, briefly cancelling out Rakitic's early strike when Alvaro Morata equalised after 55 minutes.
• The thrilling final lifted football's spirits following the revelations in the recent FIFA corruption scandal.

• Tintu Luka bagged her maiden gold in a major international event by winning the women's 800m finals as India finished with five medals on the final day of competitions to sign off third in the 21st Asian Athletics Championships here today.
• India secured a medal haul of 4 gold, 5 silver and 4 bronze in the championships to finish third behind China (15, 13, 13) and Qatar (7, 2, 1). Japan (4, 3, 11) and Bahrain (3, 3, 2) finished fourth and fifth respectively.
• This was India's best finish after 2007 in Amman, Jordan where the country was placed second.
• National record holder Luka clocked her season's best timing of 2:01.53 to clinch the gold at Wuhan Sports Center.
• China's Zhao Jing (2:03.40) took the silver while Sri Lankan Nimali Klarachchige (2:03.94) won the bronze.
• This was 26-year-old Luka's first individual title in a major international event after breaking into the scene in 2008-09 with a lot of promise under the tutelage of the legendary P T Usha.
• She had won gold as part of the 4x400m relay teams in both 2013 Asian Championships and 2014 Asian Games.

Regards



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