Current Affairs Update – 25 – 27th June, 2016

Hello and welcome to exampundit . Here are the Important Current Affairs from 25th of June to 27th of June, 2016. These are important for the upcoming SBI PO Mains 2016 & UBI PGDBF 2016 Exams.

• Union Cabinet chaired by Prime
  Minister Narendra Modi on 22 June 2016 approved the sale of all available
  spectrum in the country. This is the largest-ever spectrum auction in the
  country.
• The move could fetch 5.5 lakh
  crore rupees for the exchequer, going by the reserve price. This amount is five
  times higher than the revenue of 1.1 lakh rupees that government earned through
  the auction conducted in 2015.

• The auction, to be conducted in
  September 2016, will put up about 2000 MHz of airwaves for sale.
• It will put up 700 MHz band for
  sale for the first time at a reserve price of 11485 crore rupees per MHz
  pan-India. 700 MHz band is preferred for offering high-speed broadband services
  and the cost of delivering mobile services in the 700 MHz band is also
  approximately 70% cheaper than in the 2100 MHz band (used for 3G services).
• It has fixed a reserve price of
  2873 crore rupees for the 1800 MHz spectrum, which is widely used for offering
  voice services
• For spectrum in the 900 MHz, 800
  MHz, 2100 MHz and 2300 MHz bands, reserve prices of 3341 crore rupees, 5819
  crore rupees, 3746 crore rupees and 817 crore ruppes respectively have been
  stipulated.

• A consortium of three companies
  has signed an agreement with the Andhra Pradesh government for setting up Rs
  10,183 crore gas-based fertilizer plant near Krishnapatnam.
• The MoU for the plant was signed
  in Tianjin on Monday on the second day of China visit by 13-member delegation
  led by Chief Minister N. Chandrababu Naidu.
• China Huanqiu Contracting and
  Engineering Corporation, Isomeric Holdings, and LEPL Ventures signed the MoU
  with the Andhra Pradesh Economic Development Board and its department of
  commerce and industries.
• The plant is expected to provide
  direct employment to 5,000 people. The work on the project will start in
  2017-18, said a statement from the chief minister’s office.
• Beijing-headquartered Huanqiu has
  50 years experience in chemical industry, while Malaysia’s Isomeric has
  expertise in building gas based-projects and LEPL Ventures of Andhra Pradesh is
  a diversified firm with stakes in infrastructure, airlines, logistics, hospitality,
  health and education.

• State-run Bharat Heavy
  Electricals Ltd (BHEL) today said that it has commissioned two units of 14
  Megawatts each at Salma Hydro Electric Project in Afghanistan.
• The Salma dam, or the
  Afghan-India Friendship dam, was inaugurated by Prime Minister Narendra Modi in
  presence of Afghan President Ashraf Ghani, BHEL said in a statement.
• In the execution of the Salma
  hydro project, BHEL faced numerous challenges in the movement of men and
  material through difficult terrains, it said.
• This project has been funded
  under government of India’s grant to Afghanistan.

• In a bid to ensure that
  meritorious students do not stop enrolling for higher education due to lack of
  funds, Odisha Chief Minister Naveen Patnaik today launched a new scheme, ‘Kalinga
  Sikshya Sathi Yojana’.
• Under the provisions of the
  scheme, the state government would provide education loan at only 1 per cent
  interest per annum to students undergoing higher education, including
  management, law, engineering, medicine and others.
• The state government has
  earmarked Rs 500 crore from its own resources for the purpose.
• Biju Babu had instituted Kalinga
  UNESCO award for popularisation of science when he was only 35 years old, the
  chief minister said.

• India on 27 June 2016 became the
  35th full member of the Missile Technology Control Regime (MTCR). This entry
  would be mutually beneficial to enhance global non-proliferation norms.
• The instrument of accession to
  MTCR for India was signed in New Delhi by Foreign Secretary S Jaishankar. The
  entry also marks India’s first entry into any multilateral export control
  regime.
• The MTCR Point of Contact in
  Paris conveyed the decision regarding India’s accession to the regime through
  the French Embassy in New Delhi as well as the Embassies of The Netherlands and
  Luxembourg.

• India’s entry into the regime as
  its thirty-fifth member would be mutually beneficial in the furtherance of
  international non-proliferation objectives.
• It entered this multilateral
  export control regime with the support of all thirty-four MTCR Partners. In
  2015, India’s membership to the group was blocked by Italy.
• MTCR membership will now enable
  India to buy high-end missile technology and also enhance its joint ventures
  with Russia.

• International Day against Drug
  Abuse and Illicit Trafficking was observed on 26 June 2016. The day was
  observed with theme Listen First.
• 2016 theme Listen First is an
  initiative to increase support for prevention of drug use that is based on
  science and is thus an effective investment in the well-being of children and
  youth, their families and their communities.
• On this day, the United Nations
  Office of Drugs and Crime (UNODC) also released the World Drug Report 2016.

• International Day in Support of
  Victims of Torture was observed on 26 June 2016. The day is held annually to
  speak out against the crime of torture. It also seeks to honor and support
  victims and survivors throughout the world.
• Torture seeks to annihilate the
  victim’s personality and denies the inherent dignity of the human being. The
  United Nations has condemned torture from the outset as one of the vilest acts
  perpetrated by human beings on their fellow human beings.

• Day of the Seafarer 2016 was
  observed across the world on 25 June 2016. The theme for the year is At Sea For
  All.
• The theme for the year has a
  clear link with the 2016 World Maritime Day theme, Shipping: indispensable to
  the world.
• The themes highlight the point
  that seafarers serve at sea not just for the shipping industry or for their own
  career purposes but for all of us.

• The International Olympic Day was
  celebrated on 23 June 2016. To mark the occasion, over 160 National Olympic
  Committees (NOCs) and sports organizations across the world organised a series
  of events to spread Olympic values and encourage people to get involved in sports
  and lead more active lives.
• The 2016 Summer Olympics
  host-city Rio de Janeiro unveiled its athletes’ village to mark the day. The
  Brazilian city will host the XXXI Olympiad between 5 August and 21 August 2016.

• Chile on 26 June 2016 won the
  Copa America football tournament. In the final clash played at MetLife Stadium,
  Chile defeated Argentina 4-2 through penalties shootout.
• This was second America title for
  Chile, it won the first title in 2015 after defeating Argentina 4-1 in a
  penalty shootout following a 0-0 scoreless draw at the end of regulation.
• With this, Chile also became the
  first team to win the Copa America in back to back years since Argentina in
  1946 and 1947.

1. Golden Ball: Alexis Sanchez
   (Chile)
2. Golden Boot: Eduardo Vargas
   (Chile)
3. Golden Glove award: Claudio Bravo
   (Chile)
4. Fair Play Award: Argentina

• Lionel Messi, the Barcelona star,
  on 26 June 2016 announced his plans to retirement from international football.
• The announcement from the foot
  balling great of his generation came just hours after he missed the penalty in
  the Copa America final. His team, Argentina, faced a defeat from Chile in Copa
  America final at New Jersey in the US.
• Argentina lost 4-2 on penalties
  to Chile after a 0-0 draw in MetLife Stadium.

• Anju Bobby George and Pullela
  Gopichand were named as the members of Khelo India on 26 June 2016. Khelo India
  is a national programme launched by the Union Government for the development of
  sports in the country.
• George, India’s lone athletics
  World Championship medal winner and Gopichand, the chief national badminton
  coach are the two sportsperson who were included in the seven-member committee
  of Khelo India.
• The committee will be headed by
  Sports Secretary Rajiv Yadav.

• Shooter Jitu Rai on 25 June 2016
  won silver in the 10 m Air Pistol event at the ISSF World Cup held in Baku,
  Azerbaijan.
• It is the second medal in a World
  Cup this season for Rai, who had won the free pistol gold in the first World
  Cup in Bangkok.
• Brazilian shooter Felipe Almeida
  Wu won the gold medal, while Korea’s Jin Jongoh bagged the bronze medal.

• Indian sprinter Dutee Chand on 25
  June 2016 qualified for Rio Olympics in the women’s 100metre event. She
  qualified in the games after meeting the qualification mark at 26th
  International Meeting G. Kosanov Memorial in Almaty, Kazakhstan.
• Dutee clocked 11.30 seconds
  beating the Rio Olympics qualification mark of 11.32 secs.
• With this fete, the champion from
  Odisha also became the first Indian woman to qualify for the event since
  qualification started for the event.
• PT Usha had qualified for the
  event in 1980 Olympics.

• The finance ministry on Monday in
  a statement said that Sujoy Bose has been appointed as the chief executive
  officer (CEO) of National Investment and Infrastructure Fund (NIIF) Ltd.
• Bose at present is director at
  Infrastructure and Natural Resources, International Finance Corporation (IFC).
• In a tweet, minister of state for
  finance Jayant Sinha congratulated Bose and said that NIIF is an innovative
  fund to finance India’s infrastructure needs.
• Economic affairs secretary,
  Shaktikanta Das also tweeted that NIIF will play big role in infrastructure
  financing.

• Yasmin Sooka, the South African
  Indian-origin lawyer and long-time human rights activist, was appointed to
  chair a UN commission on 24 June 2016.
• The commission will monitor the
  human rights situation in South Sudan and make recommendations for their
  improvement.
• She will serve together with
  Kenneth Scott from the US and Godfrey Musila of Kenya on the Commission on
  Human Rights in South Sudan.
• The UN resolved to establish the
  Commission following calls for investigation into alleged atrocities by both
  government and rebel forces before an independent South Sudan was carved out of
  the larger Sudan in 2011.

• Former BCCI chief N Srinivasan
  was unanimously re-elected as President of the Tamil Nadu Cricket Association
  (TNCA) for a 15th consecutive term on 25 June 2016.
• He along with the other office
  bearers of the state cricketing body for the current season were elected at its
  86th annual general body meeting in Chennai based on consensus.

• The 17th International Indian
  Film Academy (IIFA) Awards 2016 were presented on 25 June 2016 in Madrid,
  Spain.
• The awards were presented by the
  International Indian Film Academy honouring the best Hindi films of 2015.

• Best Film – Bajrangi Bhaijaan
• Best Director – Sanjay Leela
  Bhansali for Bajirao Mastani
• Best Actor in a Leading Role – Ranveer
  Singh for Bajirao Mastani
• Best Actress in a Leading Role – Deepika
  Padukone for Piku

• China in the fourth week of June
  2016 launched its first dark sky reserve in Ngari Prefecture, Tibet.
• The purpose of the dark sky
  reserve is to limit light pollution and preserve sites for making astronomical
  observations.

• The reserve covers an area of
  2500 square kilometres.
• It was jointly launched by the
  China Biodiversity Conservation and Green Development Foundation and the
  regional government of Tibet.

• Nepal on 24 June 2016 banned its
  citizens from working in strife-torn Afghanistan, Iraq, Syria and Libya. The
  decision was made at a cabinet meet after 13 Nepali security guards were killed
  in a Taliban suicide bombing in Kabul.
• Nepali nationals killed in Afghanistan
  were employed as security guards in the Canadian embassy in Kabul. They were
  killed when militants exploded a bomb in a minibus on 20 June 2016.

• Veteran Malayalam theatre artist
  and poet Kavalam Narayana Panicker passed away on 26 June 2016 in Thiruvananthapuram,
  Kerala. He was 88.
• In 1993, Erin B. Mee directed his
  play Ottayan in New York City.
• His notable works are
  Madhyamavyayogam, Kalidasa’s Vikramorvasiyam, Shakuntalam, Karnabharam, Bhasa’s
  Uru Bhangam, Swapnavasavadattam and Dootavakyam.
• He also directed two movies, Mani
  Madhava Chakyar: The Master at Work, and Parvati Viraham in Kuttiyattam form.
  Kuttiyattam is a form of Sanskrit theatre.
• He was awarded with the Padma
  Bhushan in 2007.

Regards

Team ExamPundit