Current Affairs Update – 22nd June, 2015

Hello and welcome to ExamPundit. Here are the Important Current Affairs of 22nd June, 2015. These are important for the upcoming SBI PO Mains 2015, RBI Assistant 2015 Exams.

Finance/Economy
Overnight Liquid
Transaction facility on NSE’s Web-based Mutual Fund platform began functioning
  • National Stock Exchange (NSE) on 22 June 2015
    operationalised the Overnight Liquid Transaction facility on its web-based
    Mutual Fund Service System (MFSS) platform. The platform was launched on 19
    June 2015.
  • The facility allows the participants to place purchase and
    redemption orders simultaneously in liquid schemes. This facility will only be
    available on MFSS Web based platform and in Physical mode only.
  • Further, all liquid schemes allowed by respective asset
    management companies will be available for placing orders.
  • MFSS is an online order collection system provided by the
    NSE to its eligible members for placing subscription or redemption orders.

EPFO Makes UAN
Mandatory for All Employers Under Its Purview

  • Retirement fund body EPFO today notified an order to make
    Universal Account Number (UAN) mandatory for all employers covered under the
    Employees Provident Funds and Miscellaneous Provisions Act 1952.
  • The government was considering the proposal to make UAN
    mandatory for availing of benefit of the scheme. The UAN facility was launched
    by Prime Minister Narendra Modi in October last year.
  • The deadline for completing the formalities is August 25
    after which action will be taken under the powers given to us by the Employees
    Provident Funds Scheme, 1952, and other applicable laws for failure to comply
    with the order.
  • The UAN remains portable throughout the lifetime of an
    employee and they don’t have to apply for PF transfer claims at changing jobs.
  • It is even more beneficial for workers in the construction
    sector, who often change their contractor after short span of time and take up
    new jobs after fining one contract.
  • The Employees’ Provident Fund Organisation (EPFO) had issued
    over four crore UANs to employers across the country in July last year.

India
China opens Nathu La
as 2nd route for Kailash pilgrims

  • China on Monday opened the second land crossing in Tibet via
    Nathu La to allow the first batch of Indian pilgrims undertaking the arduous
    Kailash-Manasarovar Yatra, in the latest confidence-building measure between
    the two neighbours.
  • The opening of the second route through the Himalayan pass
    of Nathu La in Sikkim, 4,000 metres above sea level, was officially announced
    during Prime Minister Narendra Modi’s visit to China last month and will allow
    more Indians to undertake the pilgrimage.
  • The new route is in addition to the existing Lipulekh Pass,
    the only route that was badly damaged in the floods in Uttarakhand in 2013.
  • A total of 44 pilgrims crossed over from the Indian side of
    the border in Sikkim on Monday as the first batch of the annual Yatra through
    this border route and were warmly welcomed by Chinese officials in Tibet.
  • The pilgrims belonging to different age-groups and hailing
    from various parts of India made their way to the Nathu La pass after a two
    week-long journey acclimatising themselves for the high-altitude journey to
    Kailash which stands at an altitude of about 6,500 metres in Tibet.

HAL delivers ‘Orbiter
Craft Module Structure’ of Chandrayaan-2 to ISRO

  • HAL has delivered ‘Orbiter Craft Module Structure’ of
    Chandrayaan-2 to ISRO Satellite Centre (ISAC).
  • Chandrayaan-2 is a two module configuration spacecraft
    comprising of the ‘Orbiter Craft’ and the ‘Lander Craft’.
  • The Chandrayaan-2 mission is aimed at placing an Orbiter
    around the moon and sending a Lander and Rover to the surface of the moon. It
    will be launched by a Geo-Stationary Satellite Launch Vehicle (GSLV-MKII).
  • HAL has partnered and supported ISRO throughout its journey
    by providing hardware for satellites, SLV, ASLV, PSLV, GSLVMKII and GSLV MKIII
    (LVM3).
  • HAL’s association with India’s space program dates back to
    early 70s, when HAL provided technical inputs and manufacturing support to ISRO
    for realisation of light alloy structural assemblies for satellites and launch
    vehicle.

World
EU extends sanctions
against Russia by 6 months
  • The European Union has extended economic sanctions against
    Russia until January to keep pressure on Moscow over the conflict in eastern
    Ukraine.
  • An EU statement confirmed on Monday that the decision had
    been taken by Foreign Ministers meeting in Luxembourg without debate, in
    response to “Russia’s destabilizing role in eastern Ukraine.”
  • The sanctions include limits to access on some financial
    markets, a ban on certain technologies and exchanges between the bloc and
    Russia in energy and defence sectors. Enacted last July and reinforced in
    September, the sanctions had been due to expire in July.
  • They are now expected to expire on Jan. 31.
  • Fighting between Ukrainian forces and Russian-backed rebels
    has killed more than 6,400 people and persists despite a cease-fire agreed in
    February.

               
EU Launches
Mediterranean Migrant Miitary Mission
  • EU foreign ministers formally approved today the launch of
    the first phase of a military operation against people smugglers in the
    Mediterranean, officials said.
  • The first ships and aircraft to conduct intelligence
    gathering missions should be available within a week, officials said.
  • EU foreign affairs head Federica Mogherini said the
    28-nation bloc had responded quickly to the crisis washing up on its southern
    shores.
  • There have been serious differences among member states over
    how to handle the thousands of migrants crossing the Mediterranean, with Italy,
    Greece and Malta bearing the brunt of the burden until the loss of up to 800
    people in April when their rickety boat sank and forced a re-think.
  • EU leaders agreed at an emergency summit that month to formulate
    a comprehensive plan to tackle the problem at source, including a military
    option to go after the people traffickers working out of Libya.

Books
& Authors –
Benazir Bhutto: A
Multidimensional Portrait written by Dr Anna Suvorova

  • The book Benazir Bhutto: A Multidimensional Portrait was
    released on 26 May 2015. It was written by Dr Anna Suvorova of Russia.
  • The book is devoted to the life and work of former Pakistani
    Prime Minister Benazir Bhutto (1953-2007). She was the first female head of
    government in a Muslim state.
  • The book is based on Bhutto’s own books, articles and
    speeches and on the author’s interviews with her close friends and colleagues.

Beyond Doubt: A
Dossier on Gandhi’s Assassination written by Teesta Setalvad
  • The book Beyond Doubt: A Dossier on Gandhi’s Assassination
    was in news in the third week of June 2015.
  • It was compiled and introduced by Indian civil rights
    activist Teesta Setalvad and published by Tulika Books.
  • It is a collection of archival documents of the government
    and translation of works in Marathi, Guajarati and Hindi related to
    assassination of Mahatma Gandhi on 30 June 1948.
  • In the book, the author tried to de-construct the ideology
    responsible for the killing.

Sports
Roger Federer won
Gerry Weber Open tennis title for eighth time

  • Swiss tennis ace Roger Federer won the 2015 Gerry Weber Open
    tennis title on 21 June 2015 at the Gerry Weber Stadium in Halle, Germany.
  • In the summit clash, he defeated Andreas Seppi of Italy 7-6
    (1), 6-4 to claim the title for record eighth time. With this, Seppi became the
    first Italian to play the final at Halle since the tournament began in 1993.
  • In the Men’s doubles category, Indo-Romanian pair Rohan
    Bopanna and Florin Mergea was the runners up.

Andy Murray won the
men’s singles of Aegon Tennis Championships at the Queen’s Club
  • Britain’s Andy Murray on 21 June 2015 won the men’s singles
    of the Aegon Championships at the Queen’s Club in West Kensington, England. In
    the final clash, Murray defeated South African Kevin Anderson 6-3, 6-4.
  • This was his fourth Queen’s title and the previous were won
    in alternate years, that is, 2009, 2011 and 2013.
  • With this win, Murray joined an illustrious list of
    champions including John McEnroe, Lleyton Hewitt, Boris Becker and Andy
    Roddick, the winners of four Queen’s Club Championships.

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