Current Affairs Update – 11th – 13th June

Hello and welcome to exampundit . Here are the Important Current Affairs from 11th to 13th June, 2016. These are important for the upcoming  SBI PO & SBI Clerk Mains 2016.

• DCB Bank on Monday launched
  Bengaluru’s first ATM that accepts Aadhaar number and Aadhaar fingerprint
  (biometric) instead of ATM/Debit Card and PIN to dispense cash.
• The “cardless and PIN
  less” ATM was launched by former Chairman of the Unique Identification
  Authority of India, Nandan Nilekani.
• Nilekani is the Chairperson and
  Co-founder of EkStep Foundation, a non-profit literacy organisation.
• In April 2016, the Bank pilot
  launched India’s first aadhaar based ATM in Mumbai. This was followed by launch
  of Aadhaar based ATM in Odisha and Punjab.
• The Bank plans to upgrade all its
  400 plus ATMs to provide Aadhaar-based functionality in the next six months or
  so, the release said, adding, presently, only DCB Bank customers will be able
  to use this facility.
• DCB Bank’s branches in Bengaluru
  offer a range of banking products for micro business, small business, NRIs and
  individuals, including loans for individuals and business owners, the release
  said.

• Technology giant Microsoft today
  said it will acquire professional networking platform LinkedIn in an all-cash
  transaction valued at $26.2 billion.
• Microsoft will acquire LinkedIn
  for $196 per share in an all-cash deal valued at $26.2 billion, inclusive of
  LinkedIn’s net cash, Microsoft said in a statement. LinkedIn will retain its
  distinct brand, culture and independence, it added.
• LinkedIn started out in the
  living room of co-founder Hoffman in 2002 and was officially launched on May 5
  in 2003.
• LinkedIn has seen 19 per cent
  growth year-on-year to more than 433 million members worldwide while quarterly
  member page views rose 34 per cent to over 45 billion. Over 92 million users
  came from Asia and the Pacific region.
• In the first quarter of 2016,
  LinkedIn’s revenue increased 35 per cent year-on-year to reach $861 million. It
  had forecast its revenue for the full year 2016 to be in the range of $3.65-3.7
  billion.

• Tata Power Renewable Energy Ltd
  (TPREL) has signed an agreement to acquire Welspun Renewables Energy Ltd (WREL)
  for Rs. 9,249 crore, reported the Mint. Touted as “the largest ever
  transaction in the renewable energy space in India,” the acquisition will
  help Tata Power to up its clean energy production to 2300 megawatts (MW).
• Part of $3 billion Welspun Group,
  WREL currently owns 1140 MW of renewable energy both in solar (900 MW) and wind
  (150 MW) utilities. The company put its assets on sale earlier this year, and
  sought an enterprise valuation for Rs. 9,500 crore to Rs. 10,000 crore. Spread
  across ten states, WREL’s 1000MW of capacity is already operational, while the
  rest of it is in its advanced stage, as reported by Press Trust of India.
• Tata Power Renewable Energy, a
  100 percent subsidiary of Tata Power, has 294 MW of operational renewable power
  capacity at present, and another 400MW projects in solar and wind space under
  implementation phase. Tata Power is expected to transfer another 500MW renewable
  asset into Tata Power Renewable Energy.

• International health care group
  Bupa has completed a transaction to increase its stake in health insurance
  joint venture Max Bupa from existing 26 per cent to 49 per cent.
• For the purchase of additional 23
  per cent stake, Bupa has paid Rs. 207 crore to Max India.
• Launched in 2010, Max Bupa is the
  seventh largest private health insurer in India.
• With the completion of this
  transaction, Max India’s stake in Max Bupa has come down to 51 per cent.

• India Post on 10 June 2016
  launched a logo and tagline design contest for the soon to be set up India Post
  Payments Bank (IPPB) on the MyGov website.
• Union Cabinet gave its approval 1
  June 2016 to set up the IPPB under the Department of Posts to further financial
  inclusion in India.
• India Post wants to involve the
  people of India in designing the DNA of the India Post Payments Bank. So, it is
  conducting a contest for the design.
• It has also initiated a
  nationwide survey to understand the needs of different segments of customers.
• IPPB will offer digitally enabled
  payments, banking and remittance services of all kinds between entities and
  individuals.
• It also provides access to
  insurance, mutual funds, pension and credit products in partnership with third
  party financial service providers and Banks.
• Cocreating value propositions and
  products with its customers and other stakeholders is one of the guiding
  principles of IPPB.

• Union Civil Aviation Minister
  Ashok Gajapathi Raju along with MOS Dr Mahesh Sharma on 11 June 2016 presided
  over a presentation made by DGCA with regard to Passenger Centric Initiatives.
• The Ministry is committed to
  ensure that flying for most Indians becomes a pleasant experience along with
  the growth of the Airline industry. Accordingly, it proposed certain amendments
  to the existing Civil Aviation Requirements (CARs)

• The Ministry proposed that the
  refund process should be completed within 15 working days in case of domestic
  travel and 30 working days in case of international travel.

• The Ministry has proposed that an
  amount equal to 200 percent of booked one way basic fair plus airline fuel
  charge subject to maximum of 10000 rupees would be paid to passengers in case
  airline arranges alternate flight that is to depart after one hour but within
  24 hours of the booked scheduled departure.

• Airlines shall develop a
  procedure for making advance request of stretcher and same should be displayed
  on airline’s website.

• The Ministry proposed that the
  Airline should restrict additional baggage charge 100 rupees per kg With regard
  to checking baggage charges for the baggage between 15 to 20 kilograms.

• Union Railway Minister Suresh
  Prabhu on 10 June 2016 flagged off the weekly Champaran Satyagrah Express at
  Motihari, Bihar.
• He inaugurated six rail
  facilities in Bihar on the occasion which includes three Road Over Bridges
  (ROBs) at Danapur (Patna), Motihari and Begusarai railway stations, the broad
  guage conversion work of Banmankhi-Purnea rail section, besides converting
  Piprahan station into a crossing station.
• It was introduced to mark 100
  years of the historic Champaran Satyagraha (movement) that was launched by
  Mahatma Gandhi in 1917.
• The train will run between
  Bapudham, Motihari and Anand Vihar, Delhi.

• Maharashtra Government appointed
  taskforce headed by agriculture expert Kishore Tiwari, on 12 June 2016
  submitted its report to Chief Minister Devendra Fadnavis.
• The taskforce appointed to
  address agrarian issues has suggested a five-point agenda to bring at least 80
  percent of farmers into the institutional credit net.

• It suggested direct collectors of
  14 suicide-prone districts of Vidarbha and Marathwada region to start a crop
  loan helpline.
• It suggested setting up village
  and taluka-level crop loan committees comprising of ground staff and sarpanch
  which will prepare a list of hardships being faced by credit-starved farmers.
• It said, tehsildars, block
  development officers, taluka agriculture officers and other government and bank
  officers along with the local MLA should be a part of the committee.

• Microsoft Asia on 7 June 2016
  launched its Malware Infection Index 2016 (MII2016). The index identifies the
  key malware threats and ranks markets in Asia Pacific.
• The index MII2016, revealed
  Pakistan as the location with the highest malware encounters followed by
  Indonesia, Bangladesh, Nepal and Vietnam respectively. India stands at No. 8 in
  region.
• The findings were based on data
  from the Microsoft Malware Protection Center (MMPC) and the Microsoft Security
  Intelligence Report.

• The Asia region is especially
  vulnerable with emerging countries most at risk of malware threats where more
  than 1 billion people are on the Internet and individuals and businesses are
  increasingly operating in a mobile-first, cloud-first world.
• The top three most encountered
  malware include Gamarue, Skeeyah and Peals.

• Institute for Economics and Peace
  (IEP) on 10 June 2016 released the 2016 Global Peace Index (GPI). It is 10th
  edition of GPI that measured peace, its causes and its economic value during
  2015 for 163 countries.
• India ranked 141 among the 163
  countries with 2.566 GPI score. It showed an improvement in peace building as
  it held 143th rank in 2014 and 2015. 

• The Index shows that the world
  became less peaceful in 2015, reinforcing the underlying trend of declining
  peace over the last decade.
• The GPI records a historically
  less peaceful and more unequal world in which many countries also improved.
• The countries improved in Peace
  are 81 while deteriorated counts 79.
• The countries that topped the
  2016 GPI for being most peaceful are Iceland (1), Denmark (2), Austria (3), New
  Zealand (4), Portugal (5), Czech Republic (6), Switzerland (7), Canada (8),
  Japan (9) and Slovenia (10).
• The least peacepul countries are
  Pakistan (153), Libya (154), Sudan (155), Ukraine (156), Central African
  Republic (157), Yemen (158), Somalia (159), Afghanistan (160), Iraq (161), South
  Sudan (162) and Syria (163).

• The report titled The Rise of
  Environmental Crime was released by the United Nations Environment Programme
  (UNEP) and INTERPOL on 4 June 2016. The report revealed that environmental
  crime grew up by 26 per cent larger than previous estimates of 2014.
• Environmental crime is the
  world’s fourth-largest criminal enterprise after drug smuggling, counterfeiting
  and human trafficking.
• INTERPOL and UNEP have joined
  forces to bring awareness in the world about the environmental crime.
• The crime includes the illegal
  trade in wildlife, corporate crime in the forestry sector, the illegal
  exploitation and sale of gold and other minerals, illegal fisheries, the
  trafficking of hazardous waste and carbon credit fraud.

• India’s bollywood actress
  Priyanka Chopra was nominated for 2016 Teen Choice Awards on 12 June 2016. She
  got her final nomination in the category of Choice TV Breakout Star.
• She was nominated for her role as
  FBI trainee Alex Parrish in American TV series, Quantico.
• Earlier, she also won the
  Favourite Actress title in a New TV series award at the People’s Choice Awards
  On 7 January 20162016 for her debut role on an American TV show.

• The World Day Against Child
  Labour was observed globally on 12 June 2016 with the theme End child labour in
  supply chains – It’s everyone’s business!.
• This year, the focus for World
  Day Against Child Labour is on child labour and supply chains. 
• With 168 million
  children still in child labour, all supply chains, from agriculture to
  manufacturing, services to construction, run the risk that child labour may be
  present.

• Second International Albinism
  Awareness Day was observed on 13 June 2016. The day is observed to recognize
  the importance of increasing awareness and understanding of albinism in order
  to fight against global discrimination and stigma against persons with
  albinism.
• On 18 December 2014, the General
  Assembly adopted a resolution proclaiming, with effect from 13 June 2015, as
  International Albinism Awareness Day.

• Ace Indian shuttler Saina Nehwal
  on 12 June 2016 won the women’s title of the Australian Open Super Series
  Badminton tournament. In the final match played at Sydney, Saina defeated
  Chinese Sun Yu 11-21, 21-14, 21-19.
• With this win, she also pocketed
  a cheque of 56250 US dollars.
• This was first title of year 2016
  for 29-year-old Saina and second Australian Open title of her career. She won
  her first Australian Open title in 2014.

• The USA Women’s Senior National
  Team on 12 June 2016 won gold at the FINA Women Water Polo World League Super
  Final. The team defeated Spain 13-9 in the championship match in Shanghai,
  China.
• The victory marks the United
  States’ third straight FINA World League Super Final title and 10th overall.
• On the other hand, Australia
  defeated China 11-3 for the bronze medal.

• Norway in the first week of June
  2016 became the first country to prohibit deforestation.
• On 26 May 2016, the Norwegian
  Parliament had pledged to make government’s public procurement policy
  deforestation-free. The step was taken after a committee of MPs recommended
  imposing regulations to ensure the state did not contribute to deforestation of
  the rainforest.
• The step taken by the government
  means that the parliament will no longer award government contracts to any
  company that cuts down and destroys forests.

• China on 12 June 2016 launched
  its 23rd satellite it the BeiDou Navigation Satellite System (BDS). The
  satellite launched from the Xichang Satellite Launch Center in southwest
  China’s Sichuan Province will support China’s global navigation and positioning
  network.
• The satellite was taken into
  orbit by a Long March-3C carrier rocket. It was the 229th launch of the Long
  March carrier rocket.

• Additional Solicitor General of
  India and former Parliamentarian Satya Pal Jain was on 10 June 2016 appointed
  as a part-time member of the 21st Law Commission of India.
• The appointment will be in
  addition to his charge as an Additional Solicitor General of India.
• He is a noted constitution lawyer
  and senior Bharatiya Janata Party (BJP) leader.
• He has been the Dean of the Law
  Faculty of Panjab University and is a Member of the Panjab University Senate
  for the last 40 years.

• The President constituted the
  21st Law Commission of India on 1 September 2015 and will end on 31 August
  2018.
• Justice Balbir Singh Chauhan,
  retired Judge of the Supreme Court, is the Chairman of the Commission and
  Justice Ravi R Tripathi, retired judge of Gujarat High Court and Bimal N Patel
  Director, GNLU are the other nominated members of the Commission.

• Peruvian economist Pedro Pablo
  Kuczynski defeated his rival Keiko Fujimori with a thin margin to become Peru’s
  next President.
• The National Office of Electoral
  Processes (ONPE) on 9 June 2016 announced that the Peruvian political
  organization Peruanos Por el Kambio received the most votes representing 50.12%
  of valid votes.
• The difference in the total votes
  was of 41438 with 8580474 votes for Kuczynski and 8539036 for Fujimori.

• The legendary Canadian ice hockey
  player Gordie Howe was died on 10 June 2016 after a lengthy illness. He was 88.
• He was nicknamed as Mr. Hockey
  and is considered to be one of the greatest ice hockey players of all time.

• Veteran journalist Inder Malhotra
  passed away on 11 June 2016 following a long illness. He was 86.
• Malhotra worked as the resident
  editor of The Statesman in New Delhi from 1965 to 1971.
• He was the also the India
  correspondent for The Guardian from 1965 to 1978.
• He held the position of editor at
  The Times of India from 1978 to 1986.

• Noted playwright and actor Achyut
  Lahkar, doyen of Assam’s mobile theatre movement, passed away on 12 June 2016
  following a protracted illness. He was 85.
• Lahkar was the pioneering
  dramatist, veteran actor director and producer who staged numerous memorable
  plays in mobile theatre.

• Donald Carr, the former captain
  of England Cricket team, died on 12 June 2016. He was 89.
• Beside prominent batsman Carr was
  also one of the most prominent administrators of the post-war era.

Regards

Team ExamPundit