Current Affairs Update – 2nd June, 2016

Hello and welcome to exampundit. Here are the important Current Affairs of 2nd June, 2016. These are important for the upcoming UIIC AO 2016, SBI PO & SBI Clerk Mains Exams 2016.

• BMW India Financial Services
  today announced a tie up with ICICI Lombard General Insurance to offer motor
  insurance for BMW customers.
• Motor insurance is a key aspect
  which complements vehicle purchase as it protects owners against unforeseen
  situations and ensures complete peace of mind.
• BMW India Financial Services
  offers insurance solutions (as corporate agents) to its customers through its
  cooperation partners — Bajaj Allianz General Insurance and ICICI Lombard
  General Insurance, the company added.

• Government plans to set up 250
  small agro-processing clusters at an estimated cost of over Rs 5000 crore, Food
  Processing Minister Harsimrat Kaur Badal said on Thursday.
• After getting the required
  approvals, the Food Processing Ministry will invite expressions of interest
  from both public and private players.
• The idea behind this proposal is
  to take the processing at doorstep of the farmers so that their income can be
  raised and at the same time wastages can also be reduced which will also help
  in checking the rise in prices, she said.
• The blue print has been prepared
  to establish 250 such small clusters and each cluster will require an
  investment of more than Rs 20 crore, Badal said.
• Sharing the achievements of the
  government, the minister said that 32 lakh tonnes of food processing capacity
  with an investment of about Rs 2,000 crore has been established in last two
  years.

• Gujarat International Finance
  Tec-City Company Ltd (GIFTCL) and GIFT SEZ Ltd (GIFT SEZ), on Thursday,
  announced the signing of a Memorandum of Agreement (MOA) with the Singapore
  International Arbitration Centre (SIAC).
• Under the MOA, GIFTCL, GIFT SEZ
  and SIAC will collaborate to promote the use of arbitration, mediation, and
  other dispute resolution mechanisms, including the innovative Arb-Med-Arb
  service offered by the SIAC and the Singapore International Mediation Centre
  (SIMC), to resolve international commercial disputes in India’s International
  Financial Services Centre at GIFT, Ajay Pandey, Managing Director and CEO,
  GIFTCL, said.
• Under the MoA, SIAC will
  establish a representative office in the IFSC-GIFT, which will be instrumental
  in promoting SIAC’s world-class international arbitration services to Indian
  users. Indian parties have consistently ranked amongst the top five foreign
  users of SIAC in the last five years, and was the top foreign user of SIAC in
  2013 and 2015.

• A Memorandum of Understanding (
  MoU) between the Government of India and the Government of the United States of
  America was signed here today to enhance cooperation on energy security, clean
  energy and climate change .
• Shri P.K. Pujari, Secretary,
  Ministry of Power, Government of India and Mr. Richard R Verma, US Ambassador
  to India, signed MoU on behalf of Government of India & USA respectively.
• The objective of the MoU is to
  enhance cooperation on energy security, clean energy and climate change through
  increased bilateral engagement and further joint initiatives for promoting
  sustainable growth.
• These activities are intended to
  increase incentives for innovation including research and development, and
  voluntary and mutually-agreed technology transfer, as well as the deployment of
  clean energy technologies in both countries; contribute to a global effort to
  curb the rise in greenhouse gas emissions; and enhance resilience to the
  impacts of climate change.

• India’s train PNR predictor
  ConfirmTkt.com has launched a new product ‘ConfirmTkt Alternates’ to help the
  waitlisted train passengers to get confirmed tickets by unlocking all the
  hidden and other best available travel options.
• Available on Android as well as
  Apple iOS, the app takes into consideration the delay in the train arrivals and
  departures while suggesting alternates.
• Finding best and comfortable
  option to travel is never easy but ConfirmTkt does it with ease. Using advanced
  machine learning algorithms, ConfirmTkt figures out personalized travel options
  for every user.

• India on Thursday joined the
  Hague Code of Conduct (HCoC) — a global ballistic missile proliferation regime
  — but made it clear that it will not have any impact on the national security
  as well as country’s missile programmes.
• External Affairs Ministry
  Spokesperson Vikas Swarup also said that India’s bid to enter the Missile
  Technology Control Regime (MTCR) was on track and the process to grant the
  membership was expected to be completed soon.
• The HCoC is a voluntary, legally
  non-binding international confidence building and transparency measure that
  seeks to prevent the proliferation of ballistic missiles that are capable of
  delivering weapons of mass destruction.

• This was announced on 1 June 2016
  by the Chief Minister Pinarayi Vijayan. He said that the cricket icon has given
  his consent to use his name to strengthen the campaign against liquor and drug
  abuse in the state.
• This agreement was reached when
  Tendulkar along with three other co-owners of the Kerala Blasters Football Club
  (KBFC) met Vijayan at the state secretariat. The other co-owners of KBFC are
  actor-turned politician Chiranjeevi, actor Akkineni Nagarjuna and Prasad.
• Besides, KBFC also agreed to set
  up a residential Football Academy to train young talents in the state.

• The Union Cabinet on 1 June 2016
  gave its approval for signing of a Memorandum of Understanding (MoU) between
  the United States (US) and India to enhance cooperation in the field of
  wildlife conservation and combating wildlife trafficking.

• Wildlife Forensics and
  Conservation Genetics: Useful in species conservation efforts and better
  scientific evidence collection in wild life crimes leading to better
  enforcement.
• Natural World Heritage
  Conservation: Facilitating the institutional capacity of the existing UNESCO
  Category -2 – centre at Wildlife Institute of India.
• Nature Interpretation and
  Conservation Awareness: Use of information technology in strengthening
  interface of forest managers with the people for sensitising people, especially
  the youth and children in understanding complex issues of conservation of
  biological diversity.

• Asia’s largest technology trade
  show COMPUTEX was started in Taipei on 31 May 2016. It is attracting more than
  1600 companies from 30 countries to showcase their latest products.
• This became the biggest trade
  show with the highest number of nations participating in last five years.
• COMPUTEX will end on 4 June 2016
  and organisers expect the event to attract more than 130000 visitors.

• Taiwan’s HTC drew the most media
  attention for its Virtual Reality (VR) headset Vive that debuted in February
  2016.
• HTC showed its first in-house VR
  game called Front Defense, which allows players to fight enemies using a
  variety of weapons, from pistols and rifles to rocket launchers.
• It also featured the world’s
  first VR fitness experience called Holodia.

• The European Union (EU) and the
  US have signed the “Umbrella Agreement”, which puts in place a
  comprehensive high-level data protection framework for criminal law enforcement
  cooperation, an official statement said on Thursday.
• The agreement improves, in particular,
  EU citizens’ rights by providing equal treatment with US citizens when it comes
  to judicial redress rights before American courts, according to the statement issued
  by the Council of the EU.
• The agreement was signed by Dutch
  Minister of Security and Justice Ard van der Steur and Commissioner for Justice
  Vera Jourova on behalf of the EU, and by Attorney General Loretta Lynch on
  behalf of the US authorities.

• World Milk Day was observed
  across the world on 1 June 2016. It is observed to increase awareness on milk
  and to publicise activities connected with milk and the milk industry.
• It also seeks to inform people
  about usefulness of milk and milk products, its nutritional value and economic
  importance.
• The observance of the day was
  initiated in 2001 by the UN Food and Agriculture Organization (FAO). FAO
  actively encourages milk and dairy consumption as part of a daily diet.
• India celebrates National Milk
  Day on 26 November in memory of Dr Verghese Kurien, Father of India’s White
  Revolution. The first National Milk Day was observed on 14 November 2014.

• A new book The Unseen Indira
  Gandhi authored by Dr KP Mathur was released in May 2016. Dr KP Mathur was personal
  physician of former Prime Minister Indira Gandhi for nearly 20 years till her
  assassination in 1984. 
• The Book was published by Konark
  Publishers.
• The book provides some
  interesting peeps into the responses of Mrs Gandhi’s to challenges both personal
  and political.
• The foreword of the book was
  written by her granddaughter Priyanka Gandhi Vadra.

• Sri Lanka seam bowler Nuwan
  Kulasekara announced his retirement from Tests with immediate effect on 1 June
  2015. He continues his career in limited over cricket.
• The 33-year old seamer played 21
  Test matches for Sri Lanka and picked up 48 wickets since his debut in April
  2005.
• He played his last Test in June
  2014 at Lord’s against England.
• His best bowling performance was
  against Pakistan picking four wickets for 21 runs.

• Razak Khan, one of the best
  comedians of Bollywood movies, passed away on 1 June 2016 following a cardiac
  arrest in Bandra, Mumbai.
• He was popularly known for his
  roles in movies like Hello Brother, Hungama and Hera Pheri.

Regards

Team ExamPundit