Current Affairs Update – 19th March, 2016

• In an effort to contribute towards the
  ‘Start-up India’ campaign and for nurturing the start-up ecosystem in the
  country, HDFC Bank, the best private bank in Asia, has launched a
  first-of-its-kind dedicated banking solution for start-ups, ‘SmartUp’.
• HDFC Bank has launched SmartUp in
  association with ‘Zone Startups India’, a start-up accelerator based in Mumbai.
  SmartUp is custom designed to meet all the requirements of a start-up including
  banking services, payment solutions, and advisory and forex services.
• SmartUp initiative with not only act
  as a partner for startups in their early growth stage, but will also help
  develop an ecosystem for encouraging innovation and start-ups in the country.
  Zone Startups India a collaboration between BSE Institute (a subsidiary of
  Bombay Stock Exchange), Ryerson University’s accelerator Digital Media Zone,
  Ryerson Futures Inc., and Simon Fraser University.
• SmartUp was launched at an event
  organized by Bombay Stock Exchange (BSE) in the presence of top HDFC Bank officials
  including Navin Puri, Country Head- Branch Banking, Smita Bhagat, Branch
  Banking Head- North & West and Co-Head, eCommerce, Parag Rao, Country Head-
  Card Payment Products, Merchant Acquiring Services and Marketing from HDFC
  Bank. Ajay Ramasubramaniam, Director at Zone Startups India was also present at
  the event.

• The VAT department’s ‘Bill Banvao
  Inaam Pao’ scheme has taken off successfully — with Rs 5.65 lakh reward amount
  distributed to customers who participated — it is yet to make much headway in
  prosecuting those shopkeepers and traders operating with cancelled licences and
  manipulating records.
• Out of 50 dealers found operating with
  cancelled licenses, officials said action has been taken against only 11 of
  them.
• The department has recovered Rs 22
  lakh as penalty from these 11 dealers for the months of January and February.

• Tech Mahindra’s Bhubaneswar centre has
  signed a pact with Odisha’s Biju Patnaik University of Technology (BPUT) for
  establishing a ‘Centre for Innovation’ here.
• The pact was signed between Shyam
  Sundar Pattnaik, vice chancellor, BPUT and B K Mishra, Global Delivery Head of
  Tech Mahindra in the presence of Skill Development & Technical Education minister
  Sanjay Kumar Das Burma.
• In a first of its kind initiative,
  BPUT would collaborate with the industry for solving industry’s problems.
  Students pursuing Phd and M Tech (Master of Technology) at the university will
  be at the IT major’s campus for a period ranging from one year to three years.

• Union urban Development minister M
  Venkaiah Naidu on 18 March 2016 conferred with the Skoch Lifetime Achievement
  Award at 43rd SKOCH summit held in New Delhi.
• He was selected for the award for his
  contributions to inclusive growth and towards poverty alleviation in India.
• Besides, IT minister of Telangana
  State KT Rama Rao was awarded the Skoch Award in the Startup India category for
  his initiative in establishing the path breaking tech incubator T-Hub.

• Bangladesh pace sensation Taskin Ahmed
  and left-arm spinner Arafat Sunny were today suspended for bowling with an
  illegal action by the ICC, dealing a massive blow to the team’s campaign in the
  ongoing World Twenty20.
• Arafat’s analysis revealed that the
  elbow extension for majority of his deliveries had exceeded the 15 degrees’
  level of tolerance permitted under the ICC Regulations, while not all of Taskin’s
  deliveries were legal.
• The 20-year-old Taskin, the fastest
  bowler in Bangladesh right now, has 21 wickets in 14 ODIs and 9 in 13 T20Is.
  Sunny, on the other hand, 24 scalps from 16 ODIs and 12 from 10 T20Is.
• In accordance with Article 6.1 of the
  ICC Regulations, Arafat’s and Taskin’s international suspensions will also be
  recognised and enforced by all the members for domestic cricket events played
  in their own jurisdiction.

• Tata Consultancy Services on 17 March
  2016 announced a three year partnership with the Virgin Money London Marathon.
• The aim of the partnership is to
  enhance the digital experience delivered to marathon participants.
• Under the terms of the partnership,
  TCS will become the race’s official technology partner for the 2016, 2017 and
  2018 events.

Regards

Team ExamPundit

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