Current Affairs Update – 1st June, 2015

Hello and welcome to ExamPundit. Here are the Important Current Affairs of 1st June, 2015. These are very important for the upcoming SBI PO 2015 Mains Exam.

• The decision of the Parliament to increase the rate of
  service tax from 12.36 to 14 percent became operational on 1 June 2015.
• Now, the new rate subsumes the education cess (2 percent on
  the service tax amount) which was earlier levied separately.
• The decision to increase the rate was taken to facilitate
  smooth transition to the Goods Service Tax (GST) regime which is proposed to be
  implemented from 1 April 2016. Once implemented, GST will subsume service tax,
  excise and other indirect taxes.
• Earlier, the Union Finance Minister Arun Jaitley proposed
  for the hike in his 2015-16 budget speech on 28 February 2015 which was
  subsequently approved by the Lok Sabha in the form of the Finance bill, 2015 on
  30 April 2015 and the President of India on 14 May 2015.

• After the Her Ghar loan product, country’s largest bank
  State Bank of India launched ‘Her Ghar Her Car’ loyalty scheme offering reduced
  interest on car loans.
• “Under this scheme, ‘Her Ghar’ borrowers can go in for a
  ‘Her Car’ loan at reduced rates of 10 per cent per annum… Her Ghar Her Car is
  an addition to products available with SBI wherein concession in rates have
  been introduced with the objective of reaching out to women in the country and
  empowering them to take decisions that can change the course of their family
  and society at large,” SBI said in a statement.
• SBI cut its base rate in April to 9.85 per cent.
• Car loans to borrowers who have not taken loans under ‘Her
  Ghar’ scheme would continue to be at 10.25 per cent per annum.
• The original ‘Her Ghar’ scheme provided a concession in
  interest rates for women home loan borrowers.

• State Bank of India customers can transfer money to anyone
  without knowing their Bank account details irrespective of whether the
  recipient bank is SBI or not.
• “Sender needs to have Internet Banking access either through
  browser or State Bank Anywhere app. To transfer the money, sender needs to know
  recipient’s mobile no or email ID, SBI said in a statement.
• Recipient will receive the intimation of the transfer
  request through SMS/Email and has to either download the State Bank mCASH app
  or visitwww.onlinesbi.com to enter his/her Bank account details, IFSC code and
  Email ID/Mobile to receive the transfer-money.
• This is one of the series of technology initiatives launched
  by the bank.

• Air Marshal Birender Singh Dhanoa, a Kargil war veteran,
  today took over as the Vice Chief of the Indian Air Force.
• He succeeds Air Marshal Ravi Kant Sharma demitted the office
  yesterday, after 40 years of service in the IAF. Dhanoa was commissioned in the
  IAF in June 1978 as a fighter pilot.
• He is an alumnus of Rashtriya Indian Military College, the
  National Defence Academy and the Defence Services Staff College, Wellington.
• Dhanoa is a Qualified Flying Instructor and has flown
  various types of fighter aircraft in his career.
• During the Kargil operations, he commanded a fighter
  squadron and himself flew numerous night-strike missions in the mountainous terrain,
  an IAF statement said.
• He has the distinction of having held a number of the
  important operational appointments including Station Commander of a fighter
  base and leader of an Indian Military Training Team abroad.

• The government of Mauritius today designated Ameenah
  Gurib-Fakim as the Indian Ocean island nation’s new president, making her the
  first woman to hold the ceremonial position.
• The appointment of Gurib-Fakim, an internationally- renowned
  scientist and biologist, is subject to parliament approval, due to take place
  on Thursday.
• The opposition has said it will support her appointment, making
  the vote a mere formality.
• Her inauguration is expected to take place on Friday,
  officials said.
• Gurib-Fakim, 56, will be the first female president of the
  island, which gained independence from Britain in 1968 and which replaced
  Britain’s Queen Elizabeth II as its head of state in 1992.
• Former president Kailash Purryag, who had been put in place
  by the previous government, stepped down as the island’s figurehead on Friday.

• Former Singapore Foreign Minister George Yeo was appointed
  as the new Chancellor of the Nalanda University, Bihar.
• Ministry of External Affairs announced his appointed for the
  post on 30 May 2015.
• Yeo will succeed Nobel laureate Amartya Sen, who withdrew
  his candidature for a second term as Chancellor of the Nalanda University in
  February 2015.
• Till this announcement, Yeo was on the governing board of
  the University. Earlier on 13 and 14 January 2015, Yeo also chaired the last
  meet of the board, when unanimous decision was made to have Dr. Sen as the
  Chancellor for the second consecutive term.

• Amit Jain was on 31 May 2015 appointed as the President of
  US-based taxi hailing app Uber’s India operations. In this role, Amit will be
  running all business strategy, operations, and growth in a market of global
  strategic importance for Uber.
• Prior to this appointment, Jain was president of Rent.com, a
  property portal in the US. Jain is a B. Tech from IIT, Delhi.

• Bangladesh is set to honour former prime minister Atal
  Bihari Vajpayee for his outstanding support for the country’s independence from
  Pakistan in 1971 when he was a Lok Sabha member.
• A Foreign Ministry spokesman familiar with the process said
  Bangladesh will hand over Vajpayee’s “Friends of Bangladesh Liberation War
  Award” to Prime Minister Narendra Modi during his upcoming visit to the country
  from June 6. Vajpayee, who is unwell, could not visit Bangladesh to receive the
  honour.
• Besides, the official said, Prime Minister Sheikh Hasina
  also approved a proposal to honour the families of the members of Indian armed
  forces for sacrificing their lives for the cause of Bangladesh’s independence.
• Officials said Dhaka decided to send the martyrs’ family
  members a letter alongside a certificate to be signed by the Bangladesh premier
  expressing tributes for their contributions.
• The then Indian prime minister Indira Gandhi was the first
  “foreign friend” to be conferred with the ‘Bangladesh Liberation War Honour
  Award’ Her daughter-in-law and Congress party president Sonia Gandhi received
  the honour on her behalf in 2012 at a special ceremony.

• Uttarakhand’s Medical, Health and Family Welfare Minister
  Surendra Singh Negi on 31 May 2015 was conferred with the World No Tobacco Day
  Award 2015 by the World Health Organsiation (WHO).
• He was one of the six awardees from the WHO South-East Asia
  Region.

• The Union Government on 30 May 2015 formed a committee under
  the Chairpersonship of Prime Minister Narendra Modi to oversee the celebrations
  of 125th birth anniversary of Dr BR Ambedkar, also called Bhim Jayanti which is
  annually celebrated on 14 April.
• The Committee was formed to suggest different programmes and
  activities to be undertaken by various Ministries and Departments and States
  and Union Territories (UTs). These activities and celebrations are aimed at
  spreading the thoughts and ideas of Dr BR Ambedkar.
• Apart from the Prime Minister, the committee consists of
  eleven members of the Union Council of Ministers including Home, Finance,
  External Affairs and Social Justice and Empowerment Ministers and six other
  members representing states and civil society.

• Former cricketers Sachin Tendulkar, Sourav Ganguly and VVS
  Laxman on 1 June 2015 were inducted into the BCCI’s newly-constituted cricket
  advisory committee.
• The President of the BCCI, Jagmohan Dalmiya nominated the
  trio as esteemed members of the Cricket Advisory Committee of the BCCI, with
  immediate effect. Their inclusion in the panel was announced by BCCI secretary
  Anurag Thakur through a tweet.

• Scam-tainted former IOA Secretary General Lalit Bhanot was
  today elected vice-President of the Asian Athletics Association (AAA) in polls
  held in Wuhan, China.
• Recommended by the Athletics Federation of India, Bhanot
  fought through a 14-strong challenge in the elections to be picked as one of
  the five vice-Presidents during the AAA council on the eve of the Asian
  Championships in Wuhan.
• Tainted in the corruption scandal that engulfed the 2010
  Commonwealth Games, Bhanot served as secretary of AFI for more than a decade
  and was the Secretary General of the IOA when it served a 14-month suspension
  by the IOC. He is currently the chairman of AFI’s Planning Committee.

Regards

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