Current Affairs Update – 22nd August, 2015

• The Union Government on 20 August 2015 issued norms for
  selection of Managing Directors (MDs) and Chief Executive Officers (CEOs) in
  Mid and Small Public Sector Banks (PSBs).
• The guidelines were issued after the approval by the
  Appointments Committee of Cabinet (ACC) for selection of MDs & CEOs in
  Public Sector Banks (PSBs) other than five large Public Sector Banks.

• The top post in the PSBs would be filled from the existing
  pool of executive directors (EDs) or deputy managing directors (DMDs) in
  state-owned banks with a remaining service period of 2 years. Henceforth the
  private sector executives would not be the part of the selection process of top
  management.
• The DMDs of IDBI Bank, the EDs of nationalised banks and MDs
  of associate banks of State Bank of India (SBI) who have one year of service
  experience as ED/DMD/MD and who have two years of service left are entitled for
  post of MD & CEO.
• Other than five large PSBs, for the remaining banks hiring
  will be conducted from the pool of executive directors of the public sector
  banks itself.
• For the five large banks viz. Punjab National Bank, Bank of
  Baroda, Bank of India, Canara Bank and IDBI Bank, there will be a separate
  procedure for selection.

• Puducherry Chief Minister (CM) N Rangasamy on 21 August 2015
  launched the much awaited Free Laptop Scheme. The scheme envisages to provide
  free laptops to all students who have passed Plus Two from Government Higher
  Secondary Schools in the last two academic years that is 2013-14 and 2014-15.
• The state will give free laptops to 11 thousand odd students
  by incurring an expense of 20 Crore rupees. While launching the scheme,
  Rangasamy gave away laptops to 180 students who topped in Plus Two Examinations
  in their respective schools.
• The scheme was launched on the occasion of Student’s Day in
  Puducherry. During the launching ceremony, Rangasamy also distributed 5000
  rupees each to 10 students who excelled in the National Talent Search
  Examination.

• Search engine giant Google has entered into a memorandum of
  understanding with the government of Haryana to promote digital literacy in the
  state.
• Google will undertake a digital literacy drive covering
  internet safety in government schools, and also conduct a similar exercise for
  government officials.
• The MoU in this regard was signed in Silicon Valley in the
  presence of visiting Haryana Chief Minister Manohar Lal Khattar who is leading
  a high-level delegation on a tour to the US and Canada to attract investments
  to his state.
• Google India’s policy country head Chetan Krishnaswamy said
  they hope the joint initiatives will bear rich dividends for the state and its
  citizens as they embrace the internet and help the government achieve its
  vision.

• Noted academician and former Vice-Chancellor of the Jammu
  University Amitabh Mattoo was on 21 August 2015 appointed as Advisor to Jammu
  and Kashmir (J&K) Chief Minister (CM) Mufti Mohammad Sayeed. Mattoo will
  have the status of a Cabinet Minister.
• Born in Srinagar, Mattoo has been the Chief Executive
  Officer and inaugural Director of the Australia India Institute and Professor
  of International Relations at the University of Melbourne in Australia.
• Currently, he is on leave from New Delhi’s Jawaharlal Nehru
  University where he serves as a Professor of Disarmament Studies at the School
  of International Studies. He is widely regarded as an inspiring and innovative
  builder of institutions and the foremost Indian intellectual seeking to build
  peace in the South Asian region.

• Eminent Sanskrit Scholar and Indologist NR Varhadpande
  passed away on 21 August 2015 in Nagpur following age related issues. He was
  94.
• Varhadpande was famously known for his book titled Aryan
  Invasion: A Myth that exposes fallacy of Aryan invasion and is considered as
  one of the most profound works in changing the course of ancient Indian
  history.
• An ardent student of Psychology, Varhadpande worked as the
  Chief Psychologist with the Ministry of Defence and was instrumental in
  devising various Psychological tests for the armed forces personnel.

• Former Australian opener Arthur Morris, a member of Don
  Bradman’s 1948 ‘Invincibles’ team, has died aged 93, Cricket Australia said
  today.
• The death of Morris, who had been the country’s oldest
  living former Test player, meant “a cherished link with our past” had
  been lost, said the governing body’s chairman Wally Edwards.
• Edwards said Morris was an “elegant, complete
  batsman” and noted he ended up being the most successful run-scorer during
  the 1948 series in England.
• The left-hander amassed 696 runs during that campaign —
  including a 182 and a 196.
• Born in Sydney’s Bondi suburb in 1922, Morris made his Test
  debut against England during their tour of Australia in 1946-47 when he
  overcame a slow start to make three consecutive centuries.

Regards

Team ExamPundit

Sponsored

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

Books For 2015 Banking/Insurance Exams