Current Affairs Update – 30th June, 2016

Hello and welcome to exampundit . Here are the Important Current Affairs of 30th June, 2016. These are important for the upcoming SBI PO Mains  & UBI PO PGDBF Exams  2016.

Current Affairs at a Glance – 30th June, 2016

  1. The Reserve Bank of India (RBI) H
    R Khan
    on 24 June 2016 announced that it will soon set up a committee
    to study the use of Blockchain technology. The technology will be
    used to reduce the use of paper currency.
  2. HDFC Bank today launched [email protected], touted as India’s full fledged banking
    service for small and medium enterprises (SME)
    . The new entity would
    allow clients access full bouquet of services instantly on 24×7 basis over
    personal computers or mobile phones.
  3. The World Bank Group has agreed to provide a loan of over $1 billion
    to support
    India’s ambitious initiatives to expand solar
    through investments in solar generation
    .
  4. Indigenously developed
    heavyweight torpedo Varunastra was inducted in the Indian Navy on
    29 June 2016. It was handed to the Indian Navy by Defence Minister Manohar
    Parrikar. With this India joined a select group of eight countries having the
    capability to design and develop heavyweight torpedoes.
  5. India’s first integrated defence
    communication network was launched
    on
    Thursday, enabling the army, air force, navy and the Special Forces Command to
    share situational awareness for a faster decision-making process.
  6. India has signed an over Rs
    262 crore deal with Germany’s ThyssenkKrupp Marine Systems
    to retrofit
    anti-ship American Harpoon missiles on two Shishumar Class submarines.
  7. The last ship in the series of
    four Water Jet Fast Attack Crafts
    (WJFAC) being built by the Garden Reach Shipbuilders and Engineers Ltd (GRSE)
    for the Indian Navy was launched here on Thursday. Christened INS Tarasa, after an island in the Andaman
    and Nicobar archipelago, the ship was launched by Aruna Korde, wife of Vice
    Admiral Jaywant Korde, the navy’s Controller of Logistics.
  8. India on 30 June 2016 successfully test-fired a medium range
    surface-to-air missile (MR-SAM)
    from
    a mobile launcher in the Integrated Test Range (ITR) at Chandipur off the
    Odisha coast. The missile is jointly developed wit Israel.
  9. India Post in June 2016 opened up the ongoing scheme of customized
    printing of ‘My
    Stamp
    ’ for individuals and corporate also. Under the scheme an
    individual or a corporate entity can get their photo or logo printed inside the
    postage stamp at a price of 12 lakh rupees
    .
  10. Goa government has appointed Saresh Lotlikar as
    the new Advocate General of the state
    .
  11. The 10th National Statistics Day was
    celebrated on 29 June
    2016 across
    the country with the theme Agriculture and Farmers’ Welfare.
  12. The 2016 Shanghai Cooperation
    Organization (SCO) summit
    concluded on 24 June 2016 in Tashkent,
    Uzbekistan.
Finance/Industry –
RBI to study Blockchain technology to curtail paper currency
  • The Reserve Bank of India (RBI) H
    R Khan on 24 June 2016 announced that it will soon set up a committee to study
    the use of Blockchain technology.
  • The technology will be used to reduce
    the use of paper currency.
What is Blockchain technology?
  • The Blockchain database consists
    of blocks that hold time-stamped batches of valid transactions.
  • Then, digital records are put
    together into blocks and then leaped together cryptographically and
    chronologically into a chain using complex mathematical algorithms. The
    encryption process is termed as ‘hashing’.
  • The linked blocks form a chain,
    with each additional block reinforcing those before it, thus giving the
    technology its name.
  • Hashing is carried out by
    different computers. If they all agree on the answer, each block receives a
    unique digital signature.
  • Once updated, the ledger cannot
    be altered or tampered with.
  • The Blockchain is seen as the
    main technical innovation of bitcoin.
HDFC Bank launches e-banking platform [email protected] for SMEs
  • HDFC Bank today launched [email protected],
    touted as India’s full fledged banking service for small and medium enterprises
    (SME). The new entity would allow clients access full bouquet of services
    instantly on 24×7 basis over personal computers or mobile phones.
  • The existing brick-and-mortar
    service format for the SMEs would coexist with [email protected] and it would be the sole
    discretion of customers to choose between the two formats, HDFC Bank Group Head
    (Business Banking) Aseem Dhru told Business Standard over a video-conference
    call.
  • He informed HDFC Bank’s SME loan
    portfolio was about Rs 70,000 crore, which corresponded to roughly 7% of the
    consolidated SME banking space in India.
  • Replying to another question,
    Dhru noted the prevailing environment was enabling the entrepreneurial space in
    the country and HDFC Bank wanted to make it easier and more convenient for the
    SMEs get institutional finance.
India gets $1 billion loan from World Bank for solar mission
  • The World Bank Group has agreed
    to provide a loan of over $1 billion to support India’s ambitious initiatives
    to expand solar through investments in solar generation.
  • The announcement came as the
    World Bank President Jim Yong Kim met Prime Minister Narendra Modi, who
    emphasized the importance of adequate climate change financing for countries
    like India, which are consciously choosing to follow an environmentally
    sustainable path.
  • In keeping with the Bank’s
    commitment to support India’s solar energy programme, the Government of India
    and the World Bank on Thursday signed an agreement for the $625 million Grid
    Connected Rooftop Solar Program, said the World Bank statement adding that the
    project will finance the installation of at least 400 MW of solar Photovoltaic
    (PV) installations that will provide clean, renewable energy, and reduce greenhouse
    gas emissions by displacing thermal generation.
  • The development of a $200 million
    shared infrastructure for solar parks project under a public-private
    partnership model is also under preparation.
  • Besides, the World Bank Group
    also signed an agreement with the International Solar Alliance (ISA),
    consisting of 121 countries led by India, to collaborate on increasing solar
    energy use around the world, with the goal of mobilising $1 trillion in
    investments by 2030.
Union Government enhances Financial Powers of Ministries, Departments
  • The Union Government on 28 June
    2016 revised the financial limits of departments and ministries for appraisal
    and approval of Non-Plan Schemes or Projects by competent authorities.
  • With this, appraisal and approval
    process in the Central Government Ministries and Departments will be expedited.
Highlights of the Revised Financial Limits
  • As per the revised delegation,
    the Committee on Non-Plan Expenditure (CNE) will now appraise proposals
    involving expenditure of 300 crore rupees and above. The earlier limit for this
    was 75 crore rupees.
  • Non-plan Schemes/projects of less
    than 300 crore rupees can now be appraised by Ministry or the Standing Finance
    Committee of the Ministry concerned.
  • The financial power of the
    Minister-in-charge of the administrative Ministry can now approve Non-Plan
    schemes costing less than 500 crore rupees. The earlier limit for this was 150
    crore rupees.
  • Finance Minister shall be
    competent financial authority for approving scheme/projects having financial
    implications of 500 crore rupees and above and upto 1000 crore rupees.
  • Proposal having financial limits
    of 1000 crore rupees and above shall require approval of the Union
    Cabinet/Cabinet Committee on Economic Affairs.
India –
Navy inducts Indigenous Heavyweight Torpedo ‘Varunastra’
  • Indigenously developed
    heavyweight torpedo Varunastra was inducted in the Indian Navy on 29 June 2016.
    It was handed to the Indian Navy by Defence Minister Manohar Parrikar.
  • With this India joined a select
    group of eight countries having the capability to design and develop
    heavyweight torpedoes.
Key features
  • The torpedo was designed and
    developed by Naval Science and Technological Laboratory of the DRDO for the
    Indian Navy. It carries 95 percent of indigenous content.
  • It weighs around 1.25 tonnes and is
    capable of carrying about 250 kg of explosives at a speed of around 40 nautical
    miles an hour.
  • Varunastra, a versatile naval
    weapon can be fired from the Rajput class destroyers, Delhi class and all
    future Anti-Submarine Warfare (ASW) ships capable of firing heavy weight
    torpedoes.
  • It is capable of targeting quiet
    and stealthy submarines both in deep and littoral waters even in intense
    countermeasure atmosphere.
India’s first integrated defence communication network launched
  • India’s first integrated defence
    communication network was launched on Thursday, enabling the army, air force,
    navy and the Special Forces Command to share situational awareness for a faster
    decision-making process.
  • The Defence Communication Network
    (DCN), a strategic, highly secure and scalable system, has a pan-India reach —
    from Ladakh to the North East to island territories.
  • Defence Minister Manohar
    Parrikar, who inaugurated the network at South Block, emphasised on the need to
    keep the network completely secure all the time.
India inks Rs 262 crore deal with ThyssenKrupp Marine Systems
  • India has signed an over Rs 262
    crore deal with Germany’s ThyssenkKrupp Marine Systems to retrofit anti-ship
    American Harpoon missiles on two Shishumar Class submarines.
  • The retrofitting of the new
    weapon suite will be carried out on INS Shankush and INS Shalki at Naval
    Dockyard, Mumbai and is backed by a training package to support and operate the
    system.
  • The company, which is also eyeing
    the over Rs 60,000 crore P75 (I) project under which six conventional
    submarines are to be built in India, said it has successfully carried out such
    integration on similar boats for other navies across the world.
  • Emphasising on the company’s
    commitment towards India, Sodhi said ThyssenKrupp is also ready to integrate
    any weapon system, including ‘Brahmos’ on to the latest 214 Class Submarines
    for the upcoming project P75 (I) project.
High-speed OPV INS Tarasa launched
  • The last ship in the series of
    four Water Jet Fast Attack Crafts (WJFAC) being built by the Garden Reach
    Shipbuilders and Engineers Ltd (GRSE) for the Indian Navy was launched here on
    Thursday.
  • Christened INS Tarasa, after an
    island in the Andaman and Nicobar archipelago, the ship was launched by Aruna
    Korde, wife of Vice Admiral Jaywant Korde, the navy’s Controller of Logistics.
  • An improved variant of the Car
    Nicobar-class high-speed offshore patrol vessels (OPVs), INS Tarasa will be
    fitted out at the GRSE’s Raja Bagan Dockyard and handed over to the navy after
    sea trials.
  • With a 315 tonne displacement,
    the ship is designed for a maximum speed of 35 knots, with an endurance of
    nearly 2,000 nautical miles at 12-14 knots.

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India-Israel co-developed MR-SAM missile successfully test-fired

  • India on 30 June 2016
    successfully test-fired a medium range surface-to-air missile (MR-SAM) from a
    mobile launcher in the Integrated Test Range (ITR) at Chandipur off the Odisha
    coast.
  • The MR-SAM was co-developed by
    the Defence Research Development Laboratory (DRDL) of DRDO in partnership with
    Israel Aerospace Industries (IAI).
Features of MR-SAM
  • Apart from the missile, the
    system includes a Multi Functional Surveillance and Threat Alert Radar (MF
    STAR) for detection, tracking and guidance of the missile.
  • The missile, along with MF—STAR,
    will provide the users with the capability to neutralise any aerial threats.
  • The missile will be produced at
    the Bharat Dynamics Limited (BDL) in Hyderabad.
  • Along with the long range
    surface-to-air missile (LR-SAM), it would be inducted in all the three Services
    once the user’s trials are completed.
India Post opens ‘My Stamp’ scheme for individuals and corporate
  • India Post in June 2016 opened up
    the ongoing scheme of customized printing of ‘My Stamp’ for individuals and
    corporate also. Under the scheme an individual or a corporate entity can get
    their photo or logo printed inside the postage stamp at a price of 12 lakh
    rupees.
  • As per reports, this time there
    will be 5000 sheets comprising 60000 postage stamps. These stamps can be used
    for general postal mail.
  • The plan to go ahead with the
    scheme of ‘My Stamp’ was reached on specific demands of several like Western
    Union, SNDT Women’s University, Allahabad High Court and others.
  • Earlier, India Post only allowed
    printing of photo or design next to postage stamp on a 300 rupees ‘My Stamp’
    sheet.
  • So far the department has issued
    customised My Stamp for e-commerce platform Amazon India, Hindustan Aeronautics
    Limited.
  • My Stamp has helped India Post to
    receive two crore rupees in fiscal 2016-17. Total revenue from My Stamp fiscal
    in 2015-16 was of 2.83 crore rupees.
My Stamp scheme
  • It is the brand name for
    personalized sheets of Postage Stamps of India Post.
  • The personalization is achieved
    by printing a thumb nail photograph of the customer images and logos alongside
    the selected Commemorative Postage Stamp.
  • It was first introduced in India
    during the World Philatelic Exhibition, ‘INDIPEX-2011’.
  • The scheme is available in
    selected Philatelic Bureaux and counters /Important Post offices/Post Offices
    situated at tourist places.
Union Cabinet approved MoU
between UPSC and Royal Civil Service Commission of Bhutan
  • The Union Cabinet on 29 June 2016
    approved the signing of a Memorandum of Understanding (MoU) between Union
    Public Service Commission (UPSC) and Royal Civil Service Commission (RCSC),
    Bhutan.
  • The MoU will strengthen the
    existing relationship between RCSC and UPSC. It will facilitate sharing of
    experience and expertise of both the parties in the area of recruitment.
  • The draft MoU between UPSC and
    RCSC, Bhutan will be signed to develop institutionalized linkage between the
    Public Service Commission of both the countries, which share the common ideals.
  • The MoU covers the areas of
    cooperation that include
  • Sharing of experience and
    expertise in Civil Service matters such as recruitment and selection, exchange
    of resource persons and development of professional skills of the officers and
    staff of the parties through attachment and training programs
  • Sharing of expertise on use of
    Information Technology (IT) in examination processes, Computer Based
    Recruitment Tests and Examinations, sharing of experience in Single Window
    System for expeditious scrutiny and speedy disposal of cases, building merit
    based staffing system, etc.
Appointments –
Saresh Lotlikar appointed Advocate General of Goa
  • Goa government has appointed
    Saresh Lotlikar as the new Advocate General of the state.
  • Governor Mridula Sinha had
    granted her assent to the appointment.
  • In a notification issued by Under
    secretary (Law) Manuel Barreto, Lotlikar was yesterday appointed as the new
    Advocate General.
  • The post was lying vacant after
    the resignation of Atmaram Nadkarni nearly a month back.
  • The name of new AG was cleared by
    the state Cabinet earlier this month and was sent to Governor for finalisation.
  • Chief Minister Laxmikant Parsekar
    had told reporters last week that Nadkarni will continue to represent Goa in
    sensitive matters such as mining before the Supreme court, and Mhadei river
    water dispute with Karnataka and other important cases before the National
    Green Tribunal.
JNU VC Jagadesh Kumar appointed member of UGC
  • The Ministry of Human Resource
    Development (MHRD) has appointed Jawaharlal Nehru University (JNU)
    Vice-Chancellor M Jagadesh Kumar as a member of the University Grants
    Commission.
  • Kumar was a professor of
    Electrical Engineering at IIT-Delhi before he took over as the VC of JNU, after
    former VC S K Sopory’s term ended on January 27 this year.
  • He is also a member of the
    Telecom Regulatory Authority of India.
Sports –
Argentina Women won 2016 Champions Trophy Hockey title
  • The Argentina women’s team on 27
    June 2016 won the 2016 Champions Trophy Hockey title. To win the title,
    Argentina defeated the reigning World and Olympic champions the Netherlands
    2-1.
  • The final match was held at the
    Lee Valley Hockey and Tennis Centre in London, the UK.
  • For Argentina, it was the 3rd
    consecutive title and the 7th title overall.
  • In the championship, while the
    Argentina captain Carla Rebecchi stood as the top scorer with 7 goals,
    Netherlands’ shot—stopper Joyce Sombroek was named as best goalkeeper.
Days –
10th National Statistics Day celebrated with theme Agriculture and
Farmers’ Welfare
  • The 10th National Statistics Day
    was celebrated on 29 June 2016 across the country with the theme Agriculture
    and Farmers’ Welfare.
  • The main function for the
    celebration was organised by the Ministry of Statistics Programme
    Implementation at Vigyan Bhawan, New Delhi.
  • The National Statistics Day is
    celebrated annually on the occasion of birth anniversary of Late Prof PC
    Mahalanobis, India’s eminent statistician.
  • Its objective is to create public
    awareness among people, especially the younger generation about the importance
    of statistics in daily life as well as in the process of planning and
    development.
  • The 2015 National Statistics Day
    was celebrated with the theme social development.
  • World Statistics Day is
    celebrated on 20 October 2010 worldwide.
World –
SCO Summit 2016 concludes in Tashkent, Uzbekistan
  • The 2016 Shanghai Cooperation
    Organization (SCO) summit concluded on 24 June 2016 in Tashkent, Uzbekistan.
  • The 2-day meeting was conducted
    under the presidency of Uzbekistan.
  • India and Pakistan signed the
    Memorandum of Obligations on 24 June 2016.
  • The signing of Memorandum of
    Obligations by India and Pakistan started the formal process of joining the SCO
    as a full member. They are expected to become full members by the next meeting
    at Astana in 2017.
China launches second Shijian-16 series satellite
  • China on 29 June 2016 launched
    its second Shijian-16 series satellite. The satellite was carried by a Long
    March-4B rocket from the Jiuquan Satellite Launch Center in northwest China.
  • The Shijian-16 satellite will be
    used for space environment measurements, radiation and its effect as well as
    technology testing.
  • The first Shijian-16 satellite
    was launched in October 2013.
  • This launch was the 231st flight
    by a Long March rocket.
Obituaries –
Italian film actor Bud Spencer dies
  • Bud Spencer, Italian actor and
    filmmaker, passed away on 27 June 2016 in Italy following brief illness. He was
    86.
  • Spencer was known among his fans
    as the big friendly giant of the screen because of his height and weight.

Regards

Team ExamPundit