Current Affairs Update – 14th July, 2016

Hello and welcome to exampundit . Here are the important Current Affairs of 14th July, 2016. These are important for the upcoming SBI PO Mains & UBI PO PGDBF Exams 2016.

• The Union Cabinet on 13 July 2016
  approved the Pradhan Mantri Kaushal Vikas Yojana (PMKVY) with an outlay of
  12000 crore rupees to impart skilling to one crore people over the next four
  years (2016-2020).
• PMKVY will impart fresh training
  to 60 lakh youths and certify skills of 40 lakh persons acquired non-formally
  under the Recognition of Prior Learning (RPL). The target allocation between
  fresh trainings and RPL will be flexible and interchangeable depending on
  functional and operational requirements.

• It will move to a grant based
  model where the training and assessment cost would be directly reimbursed to
  training providers and assessment bodies in accordance with the Common Norms.
• Financial support to trainees
  will be given in the form of travel allowance, boarding and lodging costs.
• Post placement support would be
  given directly to the beneficiaries through Direct Benefit Transfer (DBT).
• Disbursement of training cost to
  training partners will be linked to Aadhaar and biometrics for better
  transparency and targeting.
• Skill training would be done
  based on industry led standards aligned to the National Skill Qualification
  Framework (NSQF).
• Mobilisation, monitoring and post
  training placement of trainees will be done through Rozgar Melas (placement
  camps) and Kaushal Shivirs (mobilization camps).
• There will be special focus on
  placement of trainees with incentives/disincentives linked to placement as
  envisaged in the Common Norms.
• It will also cater to domestic
  skill needs, also focus on skill training aligned to international standards
  for overseas employment in Gulf countries, Europe and other overseas
  destinations.
• There will be scholarship for
  student undergoing training in high end job roles under the Scheme.

• The Government of India and the
  Asian Development Bank (ADB) today signed a $100 million loan agreement to
  strengthen key irrigation and drainage system and improve water management in
  the Vennar sub-basin of the Cauvery delta in Tamil Nadu.
• The financing will be used to
  strengthen embankments of six major irrigation water channels at the Vennar
  system and rehabilitate 13 irrigation pumping schemes.
• A separate project agreement was
  signed by V Shanmugam, Chief Engineer, Water Resources Department, on behalf of
  the State of Tamil Nadu.
• The loan from ADB’s ordinary
  capital resources has a 25-year term. The Water Resources Department of the
  state of Tamil Nadu is responsible for implementing the project, which is
  expected to be completed by December 2020.

• Union Government on 12 July 2016
  constituted a high-level committee to review the minimum support price (MSP)
  and bonus for pulses.
• The committee will be headed by
  Chief Economic Adviser Arvind Subramanian. It has been asked to submit its
  report within two weeks.

• It will look into various options
  to frame a long-term policy on pulses to tackle shortage.
• It will suggest an appropriate
  policy to promote cultivation of lentils in India.
• It will find the measure to
  contain the rising prices of pulses in the country.

• The Union Government on 12 July
  2016 notified the Aadhaar (Targeted Delivery of Financial and Other Subsidies,
  Benefits and Services) Act, 2016.
• The government also
  operationalised some of provisions of the Act, giving a legal shape to UIDAI.
• The bill seeks to provide for
  targeted delivery of subsidies and services to individuals residing in India by
  assigning them unique identity numbers, called Aadhaar numbers.
• Besides, the Union Government has
  also separately notified the UIDAI (Terms and Conditions of Service of
  Chairperson and Members) Rules, 2016. The Act will pave the way for appointment
  of its chairperson and members.

• Eligibility: Every resident shall be entitled to obtain an Aadhaar
  number.  A resident is a person who has
  resided in India for 182 days, in the one year preceding the date of
  application for enrolment for Aadhaar.
• Information to be submitted: To obtain an Aadhaar number, an
  individual has to submit his (a) biometric (photograph, finger print, iris
  scan) and (b) demographic (name, date of birth, address) information.  The Unique Identification Authority (UID) may
  specify other biometric and demographic information to be collected by
  regulations.
• Enrolment: At the time of enrolment, the individual will be
  informed of the manner in which the information will be used, the nature of
  recipients with whom the information will be shared and the right to access
  this information.

• The Cabinet Committee on Economic
  Affairs (CCEA) on 13 July 2016 approved the disinvestment of 15% paid up equity
  of National Buildings Construction Corporation Limited (NBCC). At present,
  Union Government holds 90 percent shareholding of the corporation (i.e. 54
  crore share).
• This disinvestment would help the
  government to earn about 1706 crore rupees.
• However, the actual realization
  amount will depend upon the market conditions and the investor interest
  prevailing at the time of actual disinvestment.
• Besides, in order to inculcate a
  sense of belongingness amongst the employees of NBCC, it has also been decided
  to allot additional shares to the eligible and willing employees at a discount
  of 5% to the Issue/discovered (lowest cut-off) price of the OFS.

• The Union Cabinet on 13 July 2016
  approved the revival of defunct Fertilizer Units in Gorakhpur, Sindri and
  Barauni.

• Sindri (Jharkhand) and Gorakhpur
  (Uttar Pradesh) of Fertilizer Corporation India Limited (FCIL)
• Barauni (Bihar) unit of Hindustan
  Fertilizers Corporation Limited (HFCL)

• Queen Elizabeth-II appointed
  Theresa May as the 76th Prime Minister of the United Kingdom (UK) on 13 June
  2016. She was appointed as prime minister following her election as the leader
  of Britain’s ruling Conservative Party.
• With this appointment, she became
  the second women to assume the office of Prime Minister of the UK. The first
  women prime minister was Margaret Thatcher who was in the office of PM from
  1979 to 1990.
• She succeeded David Cameron who
  resigned from the post on the same day following Brexit vote. Cameron tendered
  his resignation to the Queen. Britons on 22 June 2016 voted to exit the
  European Union.

• An Indian-American professor Dr
  Kinshuk was on 12 July 2016 appointed as the Dean of University of North Texas
  College of Information in the United States with effect from 15 August 2016.
• Kinshuk has a diverse set of
  academic experience in the field of science and technology.

• Vistara has appointed Ravinder
  Pal Singh its chief information officer, who will be in charge of the
  full-service carrier’s IT as well as innovation functions.
• He would consolidate, identify,
  acquire, evaluate and incubate the right technology to support the airline’s IT
  and digital platforms, the airline said in a release on Thursday.
• Vistara — a joint venture between
  the Tatas and Singapore Airlines — has a fleet of 11 aircraft.

• Union Government on 13 July 2016
  started the operation ‘Sankat Mochan’ to evacuate its citizens stranded in
  South Sudan’s capital Juba. Two C-17 military transport aircrafts have been
  pressed in service to make the evacuation.
• The operation being undertaken by
  Indian Air Force (IAF) will be headed by Minister of State for External Affairs
  General (Retd.) VK Singh.
• The Indian Ambassador in South
  Sudan Srikumar Menon and his team is organising this operation on the ground.
  Indian Embassy in Juba in an advisory had communicated that all the stranded
  Indian citizens should get in touch immediately with the embassy to avail the
  facility.

• Hockey Olympian Joe Antic passed
  away on 12 July 2016 in Mumbai. He was 90.
• Antic represented the country in
  the Rome Games where Pakistan won the final between the arch-foes 1-0.
• The hockey player was also a part
  of the hockey squad that finished runner-up, again to Pakistan, in the Asian
  Games at Jakarta.

Regards

Team ExamPundit