Current Affairs Update – 16 June, 2017



Hello and welcome to exampundit. Here are the important Current Affairs update of 16 June, 2017. These are important for the upcoming  SBI Clerk 2017, Dena Bank PGDBF, NICL AO Mains and other exams in 2017 July and August.

Current Affairs at a Glance – 16 June, 2017

  1. The government has made quoting of biometric identity number Aadhaar
    mandatory for opening of bank accounts as well as for any financial transaction
    of Rs 50,000 and above
    .  Existing
    bank account holders have been asked to furnish the Aadhaar number issued by
    the Unique Identification Authority of India (UIDAI) by December 31, 2017,
    failing which the account will cease to be operational, according to a revenue
    department notification.
  2. Three public sector oil marketing
    companies namely Indian Oil Corporation,
    Bharat Petroleum and Hindustan Petroleum
    on 15 June 2017 signed the joint
    venture agreement to jointly set up the world’s largest refinery along with
    petrochemical complex in Ratnagiri district of Maharashtra. Indian Oil Corp
    (IOC) will hold 50 per cent stake and the Hindustan Petroleum Corp Ltd (HPCL)
    and Bharat Petroleum Corp Ltd (BPCL) will hold a stake of 25 per cent each in
    the refinery.  The refinery is expected
    to be set up at an estimated cost of Rs 3 lakh crore (USD 30 billion).
  3. The Shipping Corporation of India
    (SCI) in collaboration with Ministry of Shipping, Government of India (GOI)
    organised ‘Sabka Saath Sabka Vikas
    sammelan on 15 June 2017 at Bhaidas Hall, Vile Parle in Mumbai.
  4. Infrastructure conglomerate Adani
    Group in the second week of June 2017 announced commissioning of a 50 megawatts (MW) solar photovoltaic (PV)
    plant in Mahoba, Uttar Pradesh
    .
  5. Railways Minister Suresh
    Prabhakar Prabhu on 13 June 2017 launched Mission
    Retro-Fitment to enhance the passengers experience
    by upgrading existing
    fleet of coaches with better furnishing, aesthetics & amenities and better
    safety features to provide a safe and comfortable travel.
  6. Indian nominee Neeru Chadha was on 15 June 2017 became
    the first Indian Woman to be elected as the Member of International Tribunal for
    the Law of the Sea (ITLOS).
  7. Eminent litterateur Yeshe Dorje Thongchi was on 15 June 2017 chosen for the Bhupen Hazarika Award
    2017.
  8. A Horse Walks Into a Bar by David Grossman on 14 June 2017 was
    announced as the winner of the 2017 Man Booker International Prize.
  9. The United Nations General Assembly (UNGA) on 15 June 2017
    re-elected India to another three-year term on the Economic and Social Council (ECOSOC).
  10. China on 15 June 2017 successfully launched its first X-ray Space
    Telescope named ‘Insight’ to study
    black holes, pulsars and gamma-ray bursts.
  11. World Elder Abuse Awareness Day was observed globally on 15 June 2017.  The theme of the 2017 World Elder Abuse
    Awareness Day is Understand and End Financial Abuse of Older People: A Human
    Rights Issue.

Banking & Financial News
Aadhaar mandatory for opening bank account, financial transactions of
Rs 50,000 and above

  • The government has made quoting
    of biometric identity number Aadhaar mandatory for opening of bank accounts as
    well as for any financial transaction of Rs 50,000 and above.
  • Existing bank account holders
    have been asked to furnish the Aadhaar number issued by the Unique
    Identification Authority of India (UIDAI) by December 31, 2017, failing which
    the account will cease to be operational, according to a revenue department
    notification.
  • The government in Budget 2017 has
    already mandated seeding of Aadhaar number with Permanent Account Number to
    avoid individuals using multiple PANs to evade taxes.
  • The notification issued amending
    the Prevention of Money-laundering (Maintenance of Records) Rules, 2005,
    mandated quoting of Aadhaar along with PAN or Form 60 by individuals,companies
    and partnership firms for all financial transactions of Rs 50,000 or above.
  • Tightening the rules for small
    accounts, which can beopened without having officially valid KYC documents, the
    amendment said such accounts – which can have maximum deposit of Rs 50,000, can
    be opened only at bank branches which have core banking solution.
IOC, BPCL, HPCL sign agreement to set up USD 30 billion refinery
  • Three public sector oil marketing
    companies namely Indian Oil Corporation, Bharat Petroleum and Hindustan
    Petroleum on 15 June 2017 signed the joint venture agreement to jointly set up
    the world’s largest refinery along with petrochemical complex in Ratnagiri
    district of Maharashtra.
  • The joint venture agreement was
    signed by IOC Chairman Sanjiv Singh, HPCL Chairman and Managing Director Mukesh
    Kumar Surana and BPCL Chairman and Managing Director D Rajkumar.
  • Indian Oil Corp (IOC) will hold
    50 per cent stake and the Hindustan Petroleum Corp Ltd (HPCL) and Bharat
    Petroleum Corp Ltd (BPCL) will hold a stake of 25 per cent each in the
    refinery.
  • The refinery complex will have an
    accompanying mega petrochemical plant which will include an aromatic complex,
    naphtha cracker and polymer complex.
  • The refinery is expected to be
    set up at an estimated cost of Rs 3 lakh crore (USD 30 billion).
  • The refinery will be set up in
    two phases. Phase-1 will have 40 million tonnes altogether with an estimated
    cost Rs 1.2-1.5 lakh crore with an aromatic complex, naphtha cracker and
    polymer complex.
  • It will have a 60 million tonnes
    refining capacity and will have three crude units of 20 million tonnes each.
  • The refinery will produce petrol,
    diesel, LPG, ATF and feedstock for making petrochemical.
  • The refinery and complex is expected
    to be completed by 2022.
Advertisement


(adsbygoogle = window.adsbygoogle || []).push({});

Shipping Ministry organised ‘Sabka Saath Sabka Vikas’ Sammelan

  • The Shipping Corporation of India
    (SCI) in collaboration with Ministry of Shipping, Government of India (GOI)
    organised ‘Sabka Saath Sabka Vikas’ sammelan on 15 June 2017 at Bhaidas Hall,
    Vile Parle in Mumbai.
  • The sammelan was held to showcase
    the achievements and spread awareness on good governance outcomes of GOI &
    SCI in the last three years. While MLA and Mumbai BJP President, Ashish Shelar
    graced the occasion as the Chief Guest, Vinod Tawade, Minister of Higher &
    Technical Education and Marathi Bhasha & Cultural Affairs, Maharashtra
    State and Malini Shankar (IAS), Director General of Shipping consented to be
    the Special Guests.
  • Also present at the occasion was
    Capt. Anoop Kumar Sharma, Chairman & Managing Director of SCI along with
    other dignitaries and senior officials of the organisation.
Adani Group set up 50-MW solar PV plant in Mahoba district of Uttar
Pradesh

  • Infrastructure conglomerate Adani
    Group in the second week of June 2017 announced commissioning of a 50 megawatts
    (MW) solar photovoltaic (PV) plant in Mahoba, Uttar Pradesh.
  • The plant has been set up with an
    investment of Rs. 315 crore, under the National Solar Mission Scheme.
  • In a first, the plant will use
    String Inverter Technology with crystalline silicon modules allowing miniature
    level control of solar power generation.
  • As per the agreement signed with
    NTPC, power generated by the plant will be transmitted through 21.5 kilometre
    long 132 kilovolts transmission line connecting with UP Power Transmission
    Corporation’s (UPTCL) Mahoba Substation.
  • The project is expected to create
    direct and indirect employment for around 250 personnel.
News related to India and states
Indian Railways launches Mission Retro-Fitment to enhance the passenger
experience

  • Railways Minister Suresh
    Prabhakar Prabhu on 13 June 2017 launched Mission Retro-Fitment to enhance the
    passengers experience by upgrading existing fleet of coaches with better
    furnishing, aesthetics & amenities and better safety features to provide a
    safe and comfortable travel.
  • Refurbished coaches will have
    world class ambience along with LED Lights, modular toilets with concealed
    plumbing, branded fittings, powered venetian blinds, Anti-Graffiti coating,
    Fire and Smoke Detection System, Bio toilets, Braille Signage, increased number
    of mobile / laptop charging points, etc.
Highlights of Mission Retro-Fitment
  • Mission Retro-Fitment is an
    ambitious program to upgrade the level of furnishing and amenities in the
    coaches of Indian Railways.
  • This is one of the largest  retro fitment project in the world as Indian
    Railways will refurbish and retrofit 40000 coaches by 2022-23.
  • It will provide better travel
    experience as the interiors of the coaches will be refurbished and the
    retrofitment of Centre Buffer Coupler with balanced draft gear will add more to
    safety of the passengers.
  • This mission is challenging as it
    will be carried out without affecting the traffic operation.
  • The approximate cost for
    refurbishing and refitting a coach is Rs 30 lakhs.
  • 57 coaches have already been
    refurbished by Coach Rehabilitation Workshop of Bhopal.
  • Some of the refurbished coaches
    are running in Varanasi on New Delhi Mahamana Express since January 2016.
Appointments
Ajaib Singh Bhatti elected as Punjab Assembly Deputy Speaker

  • Congress MLA Ajaib Singh Bhatti
    was unanimously elected as the Deputy Speaker of Punjab Legislative Assembly on
    16 June 2017.
  • His name was proposed by the
    leader of the House Captain Amarinder Singh and seconded by Health Minister
    Brahm Mahindra, who escorted Bhatti to his new seat.
  • Bhatti’s appointment was made
    amid ruckus by Shiromani Akali Dal (SAD) MLAs, who continued to raise slogans
    demanding debt waiver relief for farmers as the CM read out Bhatti’s political
    history. AAP MLA’s on the other hand, staged a walk out after they were not
    heard ahead of Question Hour. They, however, re-entered the House later.
Neeru Chadha elected as first Indian woman Member of ITLOS
  • Indian nominee Neeru Chadha was
    on 15 June 2017 became the first Indian Woman to be elected as the Member of
    International Tribunal for the Law of the Sea (ITLOS).
  • Chadha, international law expert,
    got 120 votes with the highest in the Asia Pacific group. She will have a
    nine-year term as the Judge at ITLOS from 2017 to 2026.
  • Currently, eminent jurist from
    India P Chandrasekhara Rao is a judge at the tribunal. He was elected as the
    member of the tribunal in 1996 and his term will expire in September 2017.
Awards & Honors
Yeshe Dorjee Thongshi chosen for Bhupen Hazarika Award 2017

  • Eminent litterateur Yeshe Dorje
    Thongchi was on 15 June 2017 chosen for the Bhupen Hazarika Award 2017.
  • The award will be conferred on
    Thongchi at a function to be held in Jammu and Kashmir in September 2017 by
    Pune-based social organization Sarhad.
  • He joined the Arunachal Pradesh
    Civil Service in 1977 and was elevated to the IAS in 1992. 
  • He is the Founder and President
    of Arunachal Pradesh Literary Society.
  • The award was instituted by
    Sarhad, a Maharashtra-based organisation, in 2012.
A Horse Walks Into a Bar by David Grossman wins Man Booker
International Prize 2017

  • A Horse Walks Into a Bar by David
    Grossman on 14 June 2017 was announced as the winner of the 2017 Man Booker
    International Prize.
  • The novel was translated by
    Jessica Cohen and is published in Britain by Jonathan Cape.
  • With this, Grossman becomes the
    first Israeli author to take home the prestigious prize.
  • The novel unfolds over the course
    of one final show by stand-up comedian, Dovaleh Gee, who exposes a wound he has
    been living with for years: a fateful and gruesome choice he had to make
    between the two people who were dearest to him.
World News
India re-elected to United Nations Economic and Social Council
  • The United Nations General
    Assembly (UNGA) on 15 June 2017 re-elected India to another three-year term on
    the Economic and Social Council (ECOSOC).
  • India was elected to the ECOSOC
    with the backing of the Asian and Pacific group of nations.
  • India received 183 of the 188
    votes to serve again on the 36-member UN body that guides sustainable
    development policies and coordinates the activities of several UN units and
    organisations working development and social and economic issues.
  • On the other hand, Japan received
    185 votes, the highest number of votes for the three seats from the
    Asia-Pacific region, and the Philippines garnered 182 votes.
  • India will retake its seat in
    January 2018 when its current term ends.
China launches 1st X-ray Space Telescope to study black holes

  • China on 15 June 2017
    successfully launched its first X-ray Space Telescope named ‘Insight’ to study
    black holes, pulsars and gamma-ray bursts.
  • This Hard X-ray Modulation
    Telescope (HXMT) was carried into orbit by Long March-4B rocket from the
    Jiuquan Satellite Launch Centre in northwest China’s Gobi Desert.
  • The 2.5-tonne telescope will
    allow Chinese scientists to observe magnetic fields and the interiors of
    pulsars and better understand the evolution of black holes.
  • It will also help scientists to
    search for gamma-ray bursts corresponding to gravitational waves and study how
    to pulsars can be used for spacecraft navigation.
  • Insight is more capable of
    finding black holes and neutron stars that emit bright X-rays than other space
    telescopes as it has a larger detection area and a broader energy range which makes
    it easier to scan the galaxy.
Days
World Elder Abuse Awareness Day 2017 observed

  • World Elder Abuse Awareness Day
    was observed globally on 15 June 2017. The day is observed to voice against
    abuse and suffering inflicted on older people.
  • The theme of the 2017 World Elder
    Abuse Awareness Day is Understand and End Financial Abuse of Older People: A
    Human Rights Issue.
  • The theme of the year explores
    effective means of strengthening protections against financial and material
    exploitation. The theme also focuses on improving the understanding of this
    form of elder abuse and discussing ways of ensuring the participation of older
    adults themselves in ending victimization.
  • The theme will further serve to
    inform the thematic discussions of the upcoming eighth session of the General
    Assembly’s Open-ended Working Group on Ageing, which will take place in New
    York from 5 to 7 July 2017.
Obituaries
Former Chief Justice of India PN Bhagwati passes away

  • Former Chief Justice of India PN
    Bhagwati passed away on 15 June 2017 following a brief illness in New Delhi. He
    was 95. He is survived by his wife and three daughters.
  • Bhagwati was considered as a
    pioneer of Judicial Activism in the country for introducing the concept of
    PILs.
  • One of the important judgments
    pronounced by him was in the Maneka Gandhi passport impounding case in 1978 in
    which he elaborated the concept of Right To Life, and ruled that a person’s
    movement cannot be restricted.
  • He was the only dissenting judge
    in the Minerva Mill case who upheld the 42nd Constitution amendment during
    Emergency.

Sponsored


(adsbygoogle = window.adsbygoogle || []).push({});

Regards

Team ExamPundit