Current Affairs Update – 7th June, 2015

Hello and welcome to ExamPundit. Here are the Important Current Affairs of 7th June, 2015. These are important for the Upcoming SBI PO 2015 Mains exam.

• Mauritius has regained the position as top source of foreign
  direct investment (FDI) into India by pushing Singapore to the second slot in
  2014-15.
• Mauritius accounted for about 29 per cent of the country’s
  total FDI inflows last fiscal. In 2013-14, Singapore had replaced Mauritius as
  the top source of FDI into India.
• India attracted USD 9.03 billion in FDI from Mauritius in
  2014-15, whereas it was USD 6.74 billion from Singapore, according to the data
  of the Department of the Department of Industrial Policy and Promotion (DIPP).
• According to experts, the benefits under tax treaty and
  deferment of General Anti-Avoidance Act (GAAR) by two years has helped
  investors.
• Although Singapore has come down to the second position,
  foreign inflows from that country are increasing year after year. FDI inflow of
  USD 6.74 billion in 2014-15 was the highest ever received from Singapore since
  2006-07.

• With an aim to boost bilateral trade, Bangladesh has offered
  to establish two Special Economic Zones for Indian companies besides allowing
  Life Insurance Corporation to start operations in the country.
• After Prime Minister Narendra Modi’s talks with his counterpart
  Sheikh Hasina on Saturday, both sides signed a number of pacts to spur economic
  engagement and enhance connectivity so that North East region could be linked
  to South Asian countries.
• As per the MoU on the economic zone, Bangladesh will offer
  SEZs to Indian companies in Mongla and Bheramara.
• India becomes the third country after Japan and China to
  have shown interest in developing economic zones in Bangladesh, media reports
  here said.
• A separate MoU was also inked on use of Chittagong and
  Mongla Ports by Indian ships to ensure better movement of goods.
• An agreement was inked between Bangladesh Standards and
  Testing Institution (BSTI) and Bureau of Indian Standards (BIS) on cooperation
  in the field of standardisation.

• Prime Minister Narendra Modi today received on behalf of
  Atal Bihari Vajpayee Bangladesh’s prestigious Liberation War Honour for his
  “active role” in the country’s freedom struggle, saying the BJP veteran was an
  “inspiration” to him and other political workers.
• President Abdul Hamid handed over the Bangladesh Liberation
  War Honour to Modi at a glittering ceremony at Bangabhaban, the President’s
  house, as 90-year-old Vajpayee is ailing and unable to travel.
• The function was attended by Premier Sheikh Hasina, her
  Cabinet colleagues, eminent citizens, diplomats and top Bangladeshi officials.
• Modi, while receiving the honour, hailed Vajpayee’s
  leadership, saying the “great leader” was a source of inspiration for political
  workers including him.

• YES Bank shareholders approved 12 resolutions, including
  reappointment of Rana Kapoor as the MD and CEO, at its 11th Annual General
  Meeting (AGM) on Saturday.
• Kapoor’s reappointment will be for a period of three years.
• Madhu Kapur, the bank’s second largest shareholder after
  Rana Kapoor and the widow of co-founder Ashok Kapur, has been in a legal
  dispute with YES Bank since June 2013, seeking rights to nomination of
  directors on the bank’s board.
• A majority of shareholders also approved the re-appointment
  of M R Srinivasan as non-executive and non-independent Director of YES Bank,
  and Diwan Arun Nanda and Ajay Vohra as Independent Directors.

• Senior IAS officer Naresh Kumar was appointed as the new
  chairman of New Delhi Municipal Council (NDMC).
• Kumar, a 1987 batch IAS officer of AGMUT cadre, is presently
  Managing Director of the Khadi and Village Industries Commission Board.
• The appointment was made in consultation with Delhi Chief
  Minister Arvind Kejriwal, an order issued by the Union Home Ministry said.
• Kumar had previously worked as the Chairman and Managing
  Director (CMD) of the Delhi Transport Corporation, as a Joint Secretary,
  Ministry of Mines and as an Additional Commissioner in the erstwhile Municipal
  Corporation of Delhi.
• He will take over from Dharam Pal, who was appointed as
  adhoc chairman of NDMC after Jalaj Srivastava was transferred to the Central
  deputation on May 1.

• Barcelona were crowned European champions for the fifth time
  after beating Juventus 3-1 in a superb Champions League final at the Olympic
  Stadium on Saturday.
• Goals from Ivan Rakitic after four minutes, Luis Suarez in
  the 68th and Brazilian Neymar in stoppage-time sealed a treble for the
  Catalans, who also won La Liga and the Spanish King’s Cup.
• Both teams played outstanding, attacking football in one of
  the great European finals and Juve pushed Barca all the way, briefly cancelling
  out Rakitic’s early strike when Alvaro Morata equalised after 55 minutes.
• The thrilling final lifted football’s spirits following the
  revelations in the recent FIFA corruption scandal.

• Tintu Luka bagged her maiden gold in a major international
  event by winning the women’s 800m finals as India finished with five medals on
  the final day of competitions to sign off third in the 21st Asian Athletics
  Championships here today.
• India secured a medal haul of 4 gold, 5 silver and 4 bronze
  in the championships to finish third behind China (15, 13, 13) and Qatar (7, 2,
  1). Japan (4, 3, 11) and Bahrain (3, 3, 2) finished fourth and fifth
  respectively.
• This was India’s best finish after 2007 in Amman, Jordan
  where the country was placed second.
• National record holder Luka clocked her season’s best timing
  of 2:01.53 to clinch the gold at Wuhan Sports Center.
• China’s Zhao Jing (2:03.40) took the silver while Sri Lankan
  Nimali Klarachchige (2:03.94) won the bronze.
• This was 26-year-old Luka’s first individual title in a
  major international event after breaking into the scene in 2008-09 with a lot
  of promise under the tutelage of the legendary P T Usha.
• She had won gold as part of the 4x400m relay teams in both
  2013 Asian Championships and 2014 Asian Games.

Regards

Team ExamPundit

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