Current Affairs Update – 27th July, 2016

Hello and welcome to exampundit . Here are the important Current Affairs for 27th July, 2016. These are important for the upcoming UBI PO PGDBF & RBI Grade B Phase I 2016 Exams.

• Private sector lender Yes Bank on
  Wednesday said it has received an in-principle approval from the capital
  markets regulator Securities and Exchange Board of India (Sebi) to sponsor a
  mutual fund and to set up an asset management company and a trustee company.
• Yes Bank got the Reserve Bank of
  India’s (RBI) approval granted in October 2015.
• Yes Bank said it has already
  identified senior leadership and technology architecture to establish this
  business, and will commence operations within 12 months.

• The railway sector in Sri Lanka
  is to receive a fillip with the Cabinet approving on Wednesday a $318-million
  line of credit from the Indian government for the procurement of rolling stock
  and upgrading two important railway lines in the country.
• With this, the total amount of
  assistance from India for the development of the sector in Sri Lanka has gone
  up to $1,284 million. 
• Carrying an interest rate of 1.75
  per cent, the line of credit will have a repayment period of 20 years. The
  important condition attached to it is that 75 per cent of the goods and
  services should be sourced from India, according to an official document. 

• The Union Government on 26 July
  2016 approved nearly 1600 crore rupees for Jammu and Kashmir under skill
  development initiative ‘Himayat’. The allocated fund will be invested in
  training 1.24 lakh local youths in vocational courses.
• As per Jammu and Kashmir Rural
  Development Minister Abdul Haq Khan, under the reanimated Himayat programme,
  youths from both rural and urban areas of the state would be imparted training
  in various job-intensive vocational courses over the next three years.
• They will be given training for
  six-months, nine-months and one year job-oriented courses.

• Lok Sabha on 26 July 2016 passed
  the Child Labour (Prohibition and Regulation) Amendment Bill, 2016 to amend the
  Child Labour (Prohibition & Regulation) (CLPR) Act, 1986. The amendment
  bill allows children below the age of 14 years to work in select non-hazardous
  family enterprises.
• With this, both the houses of
  parliament passed the bill. Rajya Sabha passed the bill on 19 July 2016. Now,
  the bill will be sent to the President for his assent.
• As per data presented in form of
  answer about child labour in Rajya Sabha in 2014, the number of child labourers
  decreased by 65% – from 1.26 crore to 82.2 lakh (aged between 5 – 14 years)
  between Census 2001 to and Census 2011.
• The five biggest child labour
  employer states of India are – Bihar, Uttar Pradesh, Rajasthan, Madhya Pradesh
  and Maharashtra. Over half of India’s total child labour population works here.
  India’s biggest hub of child labour is Uttar Pradesh and it accounts for almost
  20% of India’s child labourers.

• The 2016 report of the
  prestigious Scimago Institutions Rankings in the fourth week of July 2016
  ranked the Council of Scientific and Industrial Research (CSIR) as the 12th
  Best Government Institutions in the world.
• In 2016, the ranking of the
  premier institute jumped to 12th spot after being at 14th spot for three
  consecutive years. The overall global ranking of CSIR also improved from 110 to
  99th position.
• CSIR is the only Indian
  organization to have found a place among the top 100 global institutions.
• The Scimago rankings is a
  classification of academic and research related institutions ranked by a
  composite indicator that combines three different sets of indicators based on
  research performance, innovation outputs and societal impact measured by their
  web visibility.

• Mumbai’s Byculla Zoo, known as
  Veermata Jijabai Bhosale Udyan, on 26 July 2016 brought in eight Humboldt
  penguins from Soul, South Korea.
• The step has, however, not gone
  down well with wildlife experts who termed it as wasteful and unnecessary.
• The eight Humboldt penguins,
  three males and five females, will be open for public view in the next three to
  four months.
• The birds have been kept in a
  specially designed 1700 sq ft air conditioning chamber. They will be given
  special attention and consideration to understand their biological needs and
  behavioural patterns.

• Two Indians including social
  activist Bezwada Wilson and musician Thodur Madabusi (TM) Krishna on 26 July
  2016 won the prestigious Ramon Magsaysay Award 2016.
• Bezwada Wilson was recognized for
  asserting the inalienable right to a life of human dignity. He is the National
  Convener of the Safai Karmachari Andolan (SKA). While, TM Krishna was
  recognized for ensuring social inclusiveness in culture. He is a Carnatic music
  vocalist.

• Conchita Carpio Morales
  (Philippines): She has been recognized for restoring faith in the rule of law.
• Dompet Dhuafa (Indonesia): She
  has been recognized for expanding the transformative impact of zakat.
• Japan Overseas Cooperation
  Volunteers (Japan): The organisation has been recognized for building a world
  of genuine solidarity.
• Vientiane Rescue (Laos): The
  organisation has been recognized for volunteering to save lives at risk.

• Kolkata’s football club East
  Bengal on 26 July 2016 announced that the 2016 Bharat Gaurav Award, also known
  as Pride of India Award, will be conferred on legendary athlete Milkha Singh.
• Singh will be honoured with the
  prestigious award on the East Bengal Foundation Day (1 August 2016). Along with
  the award, a cheque of 2 lakh rupees will also be presented to him.
• Besides, special awards along
  with a cash prize of 1 lakh rupees each will be given to East Bengal players
  Shyam Thapa and Shyamal Ghosh.
• The trophy for the Best
  Footballer of the Year will be given to South Korean midfielder Do Dong Hyun,
  who will also receive 50000 rupees.

• The World Health Organization
  (WHO) on 26 July 2016 declared Brazil free of measles. The step was taken after
  no case of the disease was registered in 2015.
• From 1985 to 2000, Brazil saw no
  domestic cases of measles, although it broke out in 2013 in the northeastern
  states of Pernambuco and Ceara.
• The WHO it had worked alongside
  the Pan-American Health Organization (PAHO) to eradicated the disease, with a
  joint investment of 335000 US dollar going towards measles control.The health
  agency also hired 165 dedicated nursing staff in Brazil.
• The WHO will issue a
  certification for the eradication of measles to Brazil in the coming months.

• India on 26 July 2016 named
  Parveen Rana as a replacement for dope-tainted wrestler Narsingh Yadav for Rio
  Olympics in the 74kg freestyle category. The Rio Olympics is scheduled to
  happen from 5 August to 21 August 2016.
• Freestyle wrestler Rana had
  earlier won a gold medal in the 74kg category at the Dave Schultz Memorial
  Wrestling Tournament in USA in 2014.
• United World Wrestling on its
  website said that it had informed the Wrestling Federation of India that they
  would be allowed to replace Narsingh in the 74kg freestyle category or give up
  the qualification spot. The world wrestling body said the Indian Olympic
  Association expressed their desire to enter Parveen as their replacement.

• Odisha government on 26 July 2016
  announced 60 lakh rupees cash special incentive for six sportswomen of the
  state who have qualified for the Rio Olympics.
• The six sportspersons are
  sprinters Dutee Chand and Srabani Nanda and four hockey players Deep Grace
  Ekka, Namita Toppo, Lilima Minz and Sunita Lakra, would receive 10 lakh rupees
  each.
• Chief minister Naveen Patnaik has
  directed the Odisha Mining Corporation to pay the special incentive amount to
  the six sportswomen. He said that the incentive would be of immense help for
  them to prepare for the mega event.

• Former Indian diplomat Arundhati
  Ghose passed away on 26 July 2016 in New Delhi.
• The eminent diplomat headed the
  Indian delegation at the Conference on Disarmament in Geneva.

Regards

Team ExamPundit