Current Affairs Update – 19-20th June, 2016

Hello and welcome to exampundit . Here are the important Current Affairs of 20th June, 2016. These are important for the upcoming SBI PO Mains 2016 Exam.

• The NDA government on Monday
  announced relaxed foreign direct investment (FDI) norms in single brand retail,
  civil aviation, airports, pharmaceuticals, animal husbandry and food products.
• It has allowed up to 100% foreign
  direct investment (FDI) in defence through the approval route, 100% FDI in food
  product e-commerce, 100% FDI in greenfield pharma via the automatic route, 100%
  in browfield pharma – of which 74% will be through automatic route – 100% FDI
  in scheduled airlines, and up to 49% FDI in airlines through automatic route.
• While FDI in defence beyond 49%
  was already allowed through approval route and up to 49% through automatic
  route, the new norms have done away with the condition of access to
  ‘state-of-art’ technology in the country for FDI more than 49%.
• FDI inflows for the financial
  year ending March 2016 stood at $55.46 billion, up from $36.04 billion in the
  previous fiscal.
• Up to 100% FDI through auomatic
  route has also been permitted for setting up of uplinking HUBs/Teleports,
  Mobile TV, DTH, and cable networks operating at national, state and district
  levels, as well as local cable networks.

• India’s largest software exporter
  TCS on Monday formed a strategic partnership with Sernova Financial to deliver
  its next generation cloud-based derivative post trade processing service to
  enable banks to effectively maintain compliance with the changing global
  regulatory environment while reducing risk.
• The new tie-up combines Sernova’s
  capital markets expertise, Calypso platform’s capability and Tata Consultancy
  Services’ (TCS) bouquet of capital markets solutions along with IT-Operations
  synergies as well as Business Process as a Service (BPaaS) models.
• Sernova’s cloud-based clearing
  service re-creates the shared infrastructure and service elements of
  traditional clearing brokers and counterparties, providing clients with reduced
  risk, lower costs, capital efficiency and increased flexibility than with
  traditional in-house or third party solutions.

• Union Minister of State (IC) for
  Power, Coal and New and Renewable Energy Piyush Goyal on 16 June 2016 launched
  the URJA Mobile application.
• The URJA, which stands for Urban
  Jyoti Abhiyaan, was launched on the on the side-lines of Conference of Power
  Ministers at Cansaulim in South Goa.

• It seeks to enhance consumer
  connect with the Urban Power Distribution sector.
• This objective will be achieved
  by providing information of IT enabled towns on important parameters which concern
  the consumers.
• The key parameters include outage
  information, timely release of connections, addressing complaints, power
  reliability etc.
• It was developed by Power Finance
  Corporation Ltd on behalf of Ministry of Power.

• Joining the elite club of limited
  global suppliers, Essar Steel (ESIL) has introduced bullet proof steel and
  become the first dedicated Indian company with this specialised steel.
• Used for bullet proofing of
  civilian vehicles and that of security personnel, such steel has either been
  manufactured under restrictive technology transfer agreements with foreign
  countries, or simply imported into India. There is a good and growing potential
  for this product as it can be used in light armored vehicles and protective
  shields or structures. Today, manufacturing bullet proof steel requires a
  highly specialised technology.
• The specialised steel in bullet
  proofing of vehicles would not only reduce India’s dependence on imported steel
  but also cut foreign currency outgo with possibility of balancing price quotes.

• Prime Minister’s Ujjwala Yojana
  (PMUY) was launched in Odisha at Sambalpur by Hon’ble Minister for Tribal
  Affairs Shri Juel Oram.
• The scheme will especially
  benefit women households situated in Eastern and North-Eastern states. Odisha,
  which has LPG penetration much below the national average, will be greatly
  benefited.
• Pradhan Mantri Ujjwala Yojana is
  a welfare scheme of Government of India launched by Prime Minister Narendra
  Modi in 2016.

• Ujjwala Yojana is aimed at
  providing 5 Crore LPG connections in the name of women in BPL (Below Poverty
  Line) households across the country.
• The government has set a target
  of 5 Crore LPG connections to be distributed to the BPL households across the
  country under the scheme.
• Some of the objectives of the
  scheme are Empowering women and protecting their health.
• Reducing the serious health
  hazards associated with cooking based on fossil fuel.
• Reducing the number of deaths in
  India due to unclean cooking fuel.
• Preventing young children from
  significant number of acute respiratory illnesses caused due to indoor air
  pollution by burning the fossil fuel.

• In what could provide a boost to
  real estate, construction, ports sector as well as tourism sector in the
  coastal states, the Shailesh Nayak Committee of environment ministry has
  proposed several relaxations in the coastal zone regulations.
• If implemented, the changes could
  lead to a largely diminished role for the central government and the central
  environmental regulations over coastal areas and a larger say to state
  governments through their town and country planning departments. Rural coastal
  zones too could get much greater room to develop under such a revised regime
  when compared to the restrictions that the existing regulations put in place.
• The report commissioned in June
  2014 to relook at the coastal regulations, submitted in January 2015, had been
  kept under wraps since then by by the environment ministry. It was released in
  June 2016 to Kanchi Kohli of CPR-Namati Environment Justice Program after
  orders of the Central Information Commissioner – 18 months after the first
  application was filed.

• First International Day for the
  Elimination of Sexual Violence in Conflict was observed on 19 June 2016. The
  day was observed to raise awareness for the need to put an end to
  conflict-related sexual violence.
• It calls to honour the victims
  and survivors of sexual violence around the world and to pay tribute to all
  those who have courageously devoted their lives to and lost their lives in
  standing up for the eradication of these crimes.
• The term “conflict-related sexual
  violence” refers to rape, sexual slavery, forced prostitution, forced
  pregnancy, forced abortion, enforced sterilization and forced marriage.

• World Refugee Day was observed on
  20 June 2016. It is observed annually to draw attention to the plight of
  refugees, celebrate their courage and resilience and renew commitment to solve
  refugee problems.
• It also recognises contributions
  of the refugees made to the countries that host them.

• Virginia Raggi has been elected
  as Rome’s first female mayor in a triumph for the populist Five Star Movement
  (M5S), representing a blow to Matteo Renzi, Italy’s prime minister.
• Raggi swept into City Hall on
  Sunday with two-thirds of the votes cast in a runoff contest with Roberto
  Giachetti of Renzi’s centre-left Democratic Party (DP).

• Former cricketer and two-time BJP
  MP Chetan Chauhan has been appointed as the chairman of the National Institute
  of Fashion Technology (NIFT) where he has promised to spend ’20 percent’ of his
  time.
• Chauhan takes over from Kiran
  Dhingra, a retired IAS officer as the chairman. The Board of Governors of NIFT,
  according to The Indian Express, was reconstituted in 2010 under Dayanidhi
  Maran, Textiles Minister in the UPA. Venu Srinivasan, chairman of TVS Motor Co
  and managing director of Sundaram Clayton Ltd, was appointed as the chairman
  then.

• Businessman Bipin R Patel was on
  18 June 2016 appointed as the President of Gujarat Chamber of Commerce and
  Industry (GCCI) for the term 2016-17. He succeeds Rohit J Patel.
• The decision in this regard was
  taken during the annual general meeting (AGM) of the GCCI. In another
  development, Shailesh Patwari was appointed as the Senior Vice-President of the
  chamber.

• The Indian mixed recurve team of
  Deepika Kumari and Atanu Das on 19 June 2016 won silver at the Archery World
  Cup in Antalya, Turkey.
• In the final clash at Konyaalti
  Beach Park, the Indian team lost to South Korea 1-5.
• Indian team trailed 0-2 in the
  first set against the top-seed Korean pair of Choi Misun and Ku Bonchan and
  went down 1-5 in the final.

• International Cricket Council
  (ICC) on 19 June 2016 suspended Sri Lanka’s fast bowler Shaminda Eranga from
  bowling. He was suspended after an assessment of his bowling action.
• The assessment revealed that all
  deliveries exceeded the 15 degrees level of tolerance permitted under the
  regulations.
• The test was performed on 6 June
  20156 at the National Cricket Performance Centre in Loughborough, which is an
  ICC accredited testing centre.
• Eranga, who has played 41 times
  for Sri Lanka across all three formats, was reported after the second Test
  against England at Chester-le-Street on 31 May 2016.

• The National Aeronautics and
  Space Administration (NASA) on 17 June 2016 unveiled the iconic X-57 Hybrid
  Electric Research Plane nicknamed as Maxwell.
• The plane is fixed with 14
  electric motors turning propellers and all of them are integrated into a
  uniquely-designed wing. NASA will use this plane to test new propulsion
  technology.

• Jeppiaar, a renowned
  politician-turned-educationalist and founder of Jeppiaar Educational Trust,
  passed away on 18 June 2016 following a brief illness at Chennai. He was 85.
• He was originally named as
  Jesadimai Pangiraj. He was a pioneer in the setting up of private engineering
  institutions in Tamil Nadu and was the founder chancellor of Sathyabama
  University.

Regards

Team ExamPundit