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.

Current Affairs at a Glance – 11th – 13th June

  1. 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
    .
  2. Technology giant Microsoft
    today said it will acquire professional
    networking platform
    LinkedIn in an all-cash transaction valued at
    $26.2 billion.
  3. 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).
  4. 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.
  5. Union Railway Minister Suresh
    Prabhu on 10 June 2016 flagged off the weekly Champaran Satyagrah Express at Motihari,
    Bihar
    .
  6. Maharashtra Government appointed
    taskforce headed by agriculture expert Kishore Tiwari, on 12 June 2016 submitted its
    report to Chief Minister Devendra Fadnavis.
  7. 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
    .
  8. 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. 
  9. 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.
  10. 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!.
  11. Second International Albinism Awareness Day was
    observed on 13 June
    2016.
  12. 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.
  13. Norway in the first
    week of June 2016 became the first country to prohibit deforestation
    .
  14. 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.
  15. Peruvian economist Pedro Pablo
    Kuczynski
    defeated his rival
    Keiko Fujimori with a thin margin to become Peru’s next President.
  16. The legendary Canadian ice hockey
    player Gordie
    Howe
    died on 10 June 2016 after a
    lengthy illness. He was nicknamed as Mr. Hockey and is considered to be one of the
    greatest ice hockey players of all time.
  17. Veteran journalist Inder Malhotra passed away on 11 June 2016 following a long
    illness.

Finance/Banking/Industry –
DCB Bank launches Aadhaar enabled ATM in Bengaluru

  • 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.

Microsoft agrees to buy LinkedIn for $26.2 billion

  • 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 inks deal to buy Welspun Renewables for Rs. 9,249 crore

  • 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.

Bupa completes stake hike in health insurer Max Bupa to 49%

  • 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 launches logo and tagline design contest for India Post
Payments Bank

  • 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 Ministry of Civil Aviation proposes passenger centric amendments
to CARs

  • 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)

Category wise proposals in the amendments of CARs:
Category –I: Refund of Air Tickets
  • 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.

Category –II: Denied Boarding, flight cancellation and flight delays
  • 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.

Category –III: Persons with reduced mobility
  • Airlines shall develop a
    procedure for making advance request of stretcher and same should be displayed
    on airline’s website.

Luggage:
  • 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.

India –
Union Railway Minister dedicates Champaran Satyagrah Express at
Motihari

  • 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.

Kishore Tiwari-headed Task Force on Farmers submitted its report to
Maharashtra Government
  • 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.

Recommendations include
  • 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.

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Reports & Indexes –
Microsoft released Malware Infection Index 2016

  • 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.

Other highlights of the Index
  • 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.

IEP released the 2016 Global Peace Index, India ranks 141

  • 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. 

Highlights of 2016 GPI
  • 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 Rise of Environmental Crime Report released by UNEP and INTERPOL
  • 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.

Awards & Honors –
Priyanka Chopra nominated for Choice TV Breakout Star in 2016 Teen
Choice Awards

  • 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.

Days –
World Day Against Child Labour observed

  • 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.

International Albinism Awareness Day observed worldwide

  • 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.

Sports –
Saina Nehwal lifts Australian Open Super Series Badminton trophy

  • 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.

USA wins FINA Women Water Polo World League Super Final
  • 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.

World –
Norway becomes first country to prohibit deforestation

  • 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 launches 23rd BeiDou Navigation Satellite
  • 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.

Appointments –
Satya Pal Jain appointed as Law Commission member

  • 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.

About 21st Law Commission of India
  • 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.

Pedro Pablo Kuczynski wins Peru’s Presidential Election
  • 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.

Obituaries –
Gordie Howe, legendary ice hockey player dies

  • 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 passes away
  • 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 passes away
  • 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, former England Cricket captain, dies aged 89
  • 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