Hello and welcome to ExamPundit. Here are the Important Current Affairs of 24th June, 2015. These are important for the upcoming SBI PO Mains 2015 and RBI Assistant 2015.
Finance/Industry
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Union Ministry of
Finance issued Draft Proposals for Facilitating Electronic Transactions
Finance issued Draft Proposals for Facilitating Electronic Transactions
- Union Ministry of Finance on 22 June 2015 issued draft
proposals for facilitating electronic transactions in the country.
E-transactions mean authorization of transfer of money through electronic means
and flow of funds directly from one account to another. - The goal of the proposed policy is to provide the necessary
incentives to use E-transactions to replace the use of cash – either in
government transactions, or in regular commerce over a period of time through
policy intervention.
Key highlights of
the Draft Proposal
the Draft Proposal
- It aims to build a transactions history to enable improved
credit access and financial inclusion - It seeks to encourage Government, Corporates, Institutions
and merchant establishments to facilitate non cash payments - Utility service providers could be advised to give a
discount to users for small ticket payments through E-payments, on the lines of
BSNL, which provides an incentive of 1 percent of the billed amount if the
payment is done through electronic mode - It envisages adoption national E-payment gateway PayGov
India for collection of revenue, fee, penalties etc. - Tax benefits could be provided to merchants for accepting
electronic payments, e.g. an appropriate tax rebate can be extended to a
merchant if at least say 50% value of the transactions is through electronic
means. - It proposes to levy a nominal cash handling charge on
transactions greater than a specified level. - It also proposes to mandate that settling of high value
transactions of, say, more than 1 lakh rupees could only be done through
electronic means. - To facilitate high value transactions by a credit
cardholder, the ceiling of 2 lakhs rupees could be increased to say 5 lakhs
rupees or more. - It proposes to improve broad band connectivity to enable
mobile based payments on a wider scale
FBIL overnight Mumbai
Inter-Bank Offer Rate (MIBOR) to become effective from July 22
Inter-Bank Offer Rate (MIBOR) to become effective from July 22
- The Board of Financial Benchmarks India Private Limited
(FBIL) on 22 June 2015 decided to adopt FBIL overnight Mumbai Inter-Bank Offer
Rate (MIBOR) from 22 July 2015. - FBIL overnight MIBOR is a new method to set the overnight
interest rate benchmark that will be based on traded levels instead of
contributions from market participants.
Key
characteristics of FBIL overnight MIBOR
characteristics of FBIL overnight MIBOR
- The new overnight MIBOR will be administered by the FBIL
Board which will replace National Stock Exchange (NSE) and Thomson Reuters in
administering the overnight rate benchmark. - The new benchmark rate will replace the current MIBOR
benchmark interest rate administered by FIMMDA-NSE (Fixed Income Money Market
and Derivatives Association of India – National Stock Exchange). - It will be based on trade-weighted call money transactions
conducted on Clearing Corporation of India’s (CCIL) trading platform between 9
am – 10 am. - Clearing Corporation of India (CCIL) will be the calculating
agent for the new benchmark rate. - It will be in contrast to the current MIBOR, which is
compiled by polling market participants and is used to benchmark overnight
pricing of call money rate in India. - It reflects Reserve Bank of India’s (RBI) response to the
rigging controversy that affected the London interbank offered rate (LIBOR) in
2014.
Amazon Ties Up With
Akshay Kumar’s Best Deal TV
Akshay Kumar’s Best Deal TV
- Online retailer Amazon today joined hands with Best Deal TV,
a home shopping channel co-founded by Bollywood actor Akshay Kumar to expand
foothold in fashion and apparels segment in India. - Under the partnership, Amazon will sell fashion and
lifestyle products backed by Bollywood celebrities including Shilpa Shetty,
Akshay Kumar, Farah Khan and Bipasha Basu besides other items from Best Deal
TV. - Best Deal TV, India’s first celebrity shopping channel is
co-founded by Akshay and Raj Kundra, husband of actor Shilpa Shetty. - Exuding confidence that the partnership will help in
expanding Amazon’s customer base, he said when celebrities lend their name
there is an assurance of quality to customers.
India
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Govt Launches
Country’s First Modernised Anganwadi Centre
Country’s First Modernised Anganwadi Centre
- The Centre today launched the country’s first modernised
anganwadi centre (AWC) at Hasanpur village here, which will be replicated at
4,000 other places and is likely to change the face of government’s 40-year-old
children and women-oriented scheme. - The Sonepat facility, built in partnership with private
mining firm Vedanta at a cost of Rs 12 lakh, is part of Central government’s
Nand-Ghar Yojna that aims at transforming the anganwadis centers, which
accommodate around 50 children in daytime everyday, by making them equipped
with latest facilities. - The Nand-Ghar Centers, involving an area of 780 square feet,
will be constructed by state-run National Buildings Construction Corporation
Limited, as per the guidance of the WCD Ministry. The cost of construction will
be shared by the Ministry and Vedanta, while the land will be provided by the
Gram Panchayat. The building will have a singular design. - Based on the concept of ‘Building as a Learning Aid’ piloted
by UNICEF, the centers would attempt to increase attendance of children. These
will be in addition to the existing anganwadi model of the Ministry for
efficient delivery of Integrated Child Development Scheme. - Under the scheme, supplementary nutrition is provided to
children in the age group of 0-6 years and to pregnant/lactating mothers with
main objective to fight the problem of malnutrition.
Lucknow zoo renamed
after last Nawab Wajid Ali Shah
after last Nawab Wajid Ali Shah
- Uttar Pradesh Government on 23 June 2015 renamed the Lucknow
Prani Udyan, popularly known as Lucknow zoo, as Nawab Wajid Ali Shah Prani
Udyan, Lucknow. - Shah was the last Nawab of Oudh under whom the province was
annexed by the British under the policy of Doctrine of Lapse in 1856. Later,
Shah was exiled to Matia Birj in Bengal. - Lucknow Zoo established in 1921 and named after England’s
Prince of Wales as Prince of Wales Zoological Gardens was renamed as Lucknow
Prani Udyan on 4 June 2001. - Since independence, it is the first incident in which a
monument was named after a Nawab of Oudh or Avadh.
Kerala’s Trinity
College of Engineering launched student satellite TASSAT project
College of Engineering launched student satellite TASSAT project
- Trinity College of Engineering in Thiruvananthapuram, Kerala
in the fourth week of June 2015 launched the Trinity Adrak Student Satellite
(TASSAT) building project. The student satellite project is scheduled for
completion by 2018. - The satellite was named so because the funding for the
ambitious initiative came from an Oman-based company called Al Adrak. - As part of the TASSAT project CubeSats and NanoSats at a
regular pace will be built. The former is a small satellite with a mass of less
than 1.33 kilograms and a volume of 1 liter. It is crafted using off-the-shelf
materials. The latter is a satellite featuring a mass ratio anywhere between 1
to 10 kilograms.
Bhuvan Ganga Mobile
Application launched to aid National Mission for Clean Ganga
Application launched to aid National Mission for Clean Ganga
- To aid National Mission for Clean Ganga, the Union Water
Resources Minister Uma Bharti on 23 June 2015 launched Bhuvan Ganga mobile
application and a web portal. - The app will allow people to upload pictures of pollution
sources of river Ganga for further action by the concerned authorities. - The application and web portal was launched after a
Memorandum of Understanding (MoU) was signed between the National Mission for
Clean Ganga and the National Remote Sensing Centre (ISRO).
Steffi Graf appointed
as Kerala’s Ayurveda brand ambassador
as Kerala’s Ayurveda brand ambassador
- To promote Kerala’s tourism departments Visit Kerala Scheme,
Kerala government on 23 June 2015 appointed tennis legend Steffi Graf as
Ayurveda brand ambassador. - Kerala Chief Minister Oommen Chandy said that the decision
to appoint Graf as Brand Ambassador was taken by the state Cabinet. - An agreement in this regard was reached between the state’s
tourism department and former World number one tennis player of Germany, who
had bagged 22 Grand slam single titles, which is second only to 24 singles
titles won by Margaret Court of Australia.
Awards
& Honors –
& Honors –
Sahitya Akademi
Announces ‘Bhasha Samman’ Awards
Announces ‘Bhasha Samman’ Awards
- Three scholars have been awarded the prestigious Sahitya
Akademi ‘Bhasha Samman’ for contribution to classical and medieval literature
in various languages. - K Meenakshi Sundaram has been selected for contributions to
Classical and Medieval Literature (Southern) for year 2013 while Acharya
Munishwar Jha has been recognised for Classical and Medieval Literature
(Eastern) for the year 2014, the Akademi said in a statement today. - Charu Chandra Pande and Mathuradutt Mathpal have been
jointly recognised for their work towards the enrichment of Kumauni, a language
not recognised by the Akademi. - The ‘Bhasha Samman’ carries a cash prize of Rs 1,00,000, an
inscribed copper plaque and a citation. In case of joint winners, the prize
money is equally shared between the winners. - The award will be presented to them by the President of the
Sahitya Akademi at a special function to be held later.
UK-based
philanthropist Benni Joseph Mavelil selected for VK Krishna Menon Award 2015
philanthropist Benni Joseph Mavelil selected for VK Krishna Menon Award 2015
- Benni Joseph Mavelil, a UK-based philanthropist, was on 21
June 2015 selected for the VK Krishna Menon Award in recognition of his
outstanding professional and altruistic achievements, contributions and
services to the community and wider multicultural society. - Mavelil, President of the UK Knanaya Catholic Community,
will receive the award at a function hosted by the VK Krishna Menon Institute
in 2015. - At present, Mavelil is a registered Manager and Director for
the Ideal Fostering in Birmingham, United Kingdom. He is originally from
Koodalloor, Kerala and has been living and working in the UK for over a decade.
He graduated from St. Stephens College of Delhi.
Three Indians won
inaugural Queen’s Young Leaders Award in UK
inaugural Queen’s Young Leaders Award in UK
- Three Indians on 22 June 2015 won the inaugural Queen’s
Young Leaders Award in the UK for taking the lead in transforming the lives of
others and making a lasting difference in their communities. These winners are
Ashwini Angadi, Devika Malik and Akshay Jadhao. - These three Indians are among 60 others who received the
Queen’s Young Leaders award from the British monarch at a gala ceremony in
Buckingham Palace. The first 60 recipients of the Queen’s Young Leaders Award
will meet the Queen Elizabeth II and David Cameron. - Ashwini Angadi was awarded for using her own experiences as
a visually impaired student to lobby for more braille and audio books. She runs
Belaku Academy in Bengaluru, offering education to disabled students from rural
areas.
Sports
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Inderjeet Singh,
Jinson Johnson won gold at Asian Athletics Grand Prix
Jinson Johnson won gold at Asian Athletics Grand Prix
- Inderjit Singh and Jinson Johnson of India on 23 June 2015
bagged gold at the first leg of the Asian Athletics Grand Prix in Bangkok,
Thailand. - Inderjit won the gold in Shot Put by throwing 19.83 meters
while Johnson won the gold in 800 meter event with a time of 1:48.52. - This was Inderjeet’s second gold in an international event
in June 2015, having won the shot put event at the Asian Championships in
Wuhan, China on 3 June 2015.
Indian Railway Team
won World Railway Championship 2015 in Tennis and Volleyball
won World Railway Championship 2015 in Tennis and Volleyball
- The Indian Railway Team on 23 June 2015 won the World
Railway Championship 2015 in Tennis and Volleyball. - In the Tennis (World Railways) Championship 2015, Indian
Railway Team defeated France by a margin of 3-1 in the finals and won USIC
Tennis Championship 2015. It was held at Nuremberg, Germany from 31 May 2015 to
6 June 2015. - In the Volleyball (World Railways) Championship 2015, Indian
Railway Team defeated Russian team in the finals and won USIC Volleyball
Championship 2015. It was held at Gomel, Belarus from 10 June 2015 to 17 June
2015.
Books
& Authors –
& Authors –
Red Tape to Red
Carpet… and then some written by Gina Rinehart released
Carpet… and then some written by Gina Rinehart released
- Book titled Red Tape to Red Carpet… and then some authored
by Gina Rinehart was released on 23 June 2015. Rinehart is Chairperson of the
Australian mining company Hancock Prospecting Group. - The book highlights the industry of Red Tape which thrives
on doubt and Red Carpet which is built on trust. - The book was released by Prime Minister Narendra Modi in New
Delhi in presence of Australian Minister for trade and investment, Andrew Robb,
and former Australian Prime Minister Paul Keating.
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Obituaries
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Titanic composer
James Horner died
James Horner died
- James Horner, the two-time Oscar-winning composer, died on
23 June 2015 in a plane crash in California, United States. He was 61. He was
an accomplished concert hall composer and later he moved into writing film
scores. - His first major movie score was in Star Trek II: The Wrath
of Khan (1982) film. He had also composed for the Avatar and Titanic, both are
highest-grossing films of all time. Till date, he has 95 soundtrack and 158
composes to his credits which includes music of over 100 films. - He was recognised for his work on two other Best Pictures-
Braveheart and A Beautiful Mind. He also received nominations for An American
Tail, Field of Dreams, Apollo 13 and House of Sand and Fog.
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