Current Affairs Update – 8th January, 2016

Hello and welcome to ExamPundit. Here are the Important Current Affairs of 8th January, 2016. These are important for the upcoming LIC AAO 2016, SIDBI Assistant Manager and Syndicate Manipal PO Exam.


Current Affairs at a Glance – 8th January, 2016

  1. The Reserve Bank of
    India Governor Raghuram Rajan
    on 7 January 2016 was felicitated with the Central Banker of the Year Award
    (Global and Asia Pacific) for 2016
    . The award was given by the Financial Times Group’s monthly
    publication The Banker.
  2. Azim Premji, who donated Rs 27,514 crore for
    education is the “Most Generous
    Indian
    ” for the third year running followed by Nandan Nilekani and Narayana Murthy in the second and third place, respectively as per the Hurun
    India Philanthropy List.
  3. The Union Government on 7 January 2016 merged the Ministry of Overseas Indian Affairs (MOIA) with the Ministry
    of External Affairs (MEA)
    in keeping with its broad principle of Minimum Government,
    Maximum Governance.
  4. Amitabh Kant was
    on 7 January 2016 appointed as the Chief
    Executive Officer (CEO) of NITI Aayog
    .
  5. The Union Government on 8 January 2016 allowed the conduct of the traditional bull-taming sports, Jallikattu, in Tamil Nadu.
  6. The Union Ministry of Urban Development (MoUD) on 7 January 2016 approved the Atal Mission for
    Rejuvenation and Urban Transformation (AMRUT) for Punjab and Uttarakhand

    for the year 2015-16. 
  7. India and France on 8 January 2016 started their
    eight-day counter-terrorism and counter-insurgency joint exercise Shakti2016 in Rajasthan.
  8. GMR Group Chairman
    G.M. Rao
    was honoured with the ‘Bulandh
    Bharath’ Award for his exemplary contributions towards nation building.



Finance/Industry
Quikr acquired online
real estate portal Commonfloor.com

  • Quikr on 7 January 2016 announced acquisition of the
    property search website Commonfloor.com for an undisclosed amount in a majority
    stock-swap transaction.
  • Quikr bought the website in a distress sale orchestrated by
    Tiger Global Management Llc.
  • After the deal, Quikr will be valued at about 1.5 billion US
    dollars based on the share-swap ratio.
  • The merger is expected to be completed over the next two to
    three months. It will also give Commonfloor access to Quikr’s 30 million
    consumers and harness the potential of the cross-category nature of the
    platform. QuikrHomes will benefit from CommonFloor’s structured data and domain
    expert.

Union Government
approved Atal Mission Plans for Punjab and Uttarakhand for 2015-16
  • The Union Ministry of Urban Development (MoUD) on 7 January
    2016 approved the Atal Mission for Rejuvenation and Urban Transformation
    (AMRUT) for Punjab and Uttarakhand for the year 2015-16.  The plans were approved by an
    inter-ministerial Apex Committee under the State Annual Action Plans (SAAP).

Highlights of the
Atal Mission Plan for Punjab
  • Punjab Government will invest 720 crore rupees in improving
    basic urban infrastructure in 16 cities.
  • Under the SAAP for 2015-16, Punjab Government will invest
    365 crore rupees in 46 water supply related projects.
  • It will invest 288 crore rupees in 37 sewerage and septage
    management projects, 56 crore rupees for improving urban transport in Amritsar
    and 12 crore rupees for providing open parks and green spaces in 16 mission
    cities.
  • In Punjab, coverage of households in 16 mission cities with
    water supply connections is ranged from 28 percent in Khanna to 93 percent in
    Mohali.

Highlights of the
Atal Mission Plan for Uttarakhand
  • Uttarakhand will spend 267 crore rupees in 6 cities under
    action plan.
  • Uttarakhand Government has proposed to spend 133 crore
    rupees in 20 water supply related projects in 6 mission cities.
  • It will invest 110 crore rupees in 6 sewerage and septage
    management projects, 18 crore rupees in 5 storm water drainage projects and 6
    crore rupees on provision of open parks and green spaces.
  • In 6 Atal Mission cities in Uttarakhand, coverage of
    households with water connections is 11 percent in Rudrapur, 15 percent in
    Kashipur, 49 percent in Rourkee, 78 percent in Dehradun, 80 percent in Haldwani
    and 90 percent in Haridwar.

India
Indo-French military
exercise Shakti-2016 started

  • India and France on 8 January 2016 started their eight-day
    counter-terrorism and counter-insurgency joint exercise Shakti-2016 in
    Rajasthan. This is the third edition in the series of bilateral exercises under
    this banner and is being held in Mahajan Field Firing Ranges in Rajasthan’s
    Bikaner.
  • The exercise will be focused on counter terrorism operations
    in backdrop of semi-urban terrain under United Nations Mandate. It is an
    important step for the armies to train together and gain from each other’s rich
    operational experience.
  • French contingent comprising 56 personnel of 35th Infantry
    Regiment of 7th Armoured Brigade, which had taken part in the Afghan war, will
    participate in the Shakti-2016. The contingent led by Major Thibaut De Lacoste
    Lareymondie arrived Jodhpur on 6 January 2016.

Rajasthan inked deal
with Cairn India to provide clean drinking water in Barmer
  • The Rajasthan Government on 7 January 2016 signed Memorandum
    of Understanding (MoU) with Cairn Enterprise Centre Society, supported by oil
    and gas exploration company Cairn India.
  • The MoU aims at providing clean drinking water in Barmer
    district.

Key Highlights of
MoU
  • The MoU was signed between state government’s Public Health
    Engineering Department and Cairn Enterprise Centre Society.
  • As per the agreement, water plants will be established and
    maintained to provide clean drinking water to more than 800 villages in Barmer,
    a part of the Thar Desert where drinking water is a precious commodity.

Kerala decided to
implement health care project Sampoorna Arogya Keralam
  • Kerala Government on 6 January 2016 decided to implement a
    health care project, Sampoorna Arogya Keralam (SAK) announced in the 2015-16
    State budget. The project will benefit about 42 lakh people of the state.
  • The decision was taken at a state Cabinet meeting at
    Thiruvananthapuram.
  • The project will bring together different schemes in health
    sector under one umbrella and ensure that beneficiaries get financial aid up to
    2 lakh rupees. It would cover families in the income group of less than 3 lakh
    rupees per annum.

Union Government
decided to shift to BS-VI Emission norms directly from BS-IV in 2020
  • Union Ministry of Road Transport and Highways on 7 January
    2016 decided to implement the Bharat Stage (BS) VI norms from 1 April 2020 to
    curb vehicular pollution.
  • The decision was taken at an inter-ministerial meeting was
    chaired by Union Road Transport and Highways Minister Nitin Gadkari.
  • At present, BS-IV emission norms are in progress and they
    would be switched over to BS-VI emission norms by skipping BS-V emission norms
    altogether.
  • Bharat Stage emission standards were introduced in 2000 in
    line with recommendations made by RA Mashelkar Committee. These are emission
    standards that have been set up the Union Government to regulate the output of
    air pollutants from internal combustion engine equipment, including motor
    vehicles.

Operation Green Hunt
to hunt Maoists

  • Operation Green Hunt, an all-out offensive by India’s
    paramilitary forces and the state’s forces against the Naxalites came in news
    on 8 January 2016.
  • The operation which is believed to start in November 2009
    along five states in the “Red Corridor” came in news after Maoists called
    a two-day bandh opposing it in Nuapada, Malkangiri and Kalahandi districts of
    Odisha.
  • The bandh call was given by the Mainpur-Nuapada Divisional
    Committee of the CPI (Maoist). The Committee is protesting against the
    Operation by security forces against the ultras in the south-western part of
    the State.

Union Government
merged Ministry of Overseas Indian Affairs with MEA

  • The Union Government on 7 January 2016 merged the Ministry
    of Overseas Indian Affairs (MOIA) with the Ministry of External Affairs (MEA)
    in keeping with its broad principle of Minimum Government, Maximum Governance.
  • With this merger, the Pravasi Bharatiya Divas, which used to
    be a flagship event of the MOIA will now be celebrated by the MEA on 9 January.
  • The decision is expected to help government address
    duplication as well as unnecessary delays in various works.

Awards
& Honors –
Raghuram Rajan
conferred Central Banker of the Year Award

  • The Reserve Bank of India Governor Raghuram Rajan on 7
    January 2016 was felicitated with the Central Banker of the Year Award (Global
    and Asia Pacific) for 2016. The award was given by the Financial Times Group’s
    monthly publication The Banker.
  • The Central Banker of the Year 2016 Awards celebrates the
    officials that have best managed to stimulate growth and stabilise their
    country’s economy.
  • The Banker is an English-language monthly international
    financial affairs publication owned by The Financial Times Ltd. and edited in
    London.

Azim Premji most
generous Indian for third year running

  • Azim Premji, who donated Rs 27,514 crore for education is
    the “Most Generous Indian” for the third year running followed by
    Nandan Nilekani and Narayana Murthy in the second and third place, respectively.
  • As per the Hurun India Philanthropy List, which is a ranking
    of the most generous individuals from India, 70 years old Azim Hashim Premji
    was named as the most generous Indian as he donated Rs 27,514 crore for
    education.
  • The Azim Premji foundation is working for empowering
    education in India. The foundation works in eight states and has more than
    3,50,000 schools.
  • Nandan, Rohini Nilekani and family came in second with a
    donation of Rs 2,404 crore, towards the cause of urban governance, public
    policy and education while Narayana Murthy and family donated Rs 1,322 crore
    for encouraging entrepreneurship, social development and education.

GM Rao gets Bulandh
Bharath award

  • GMR Group Chairman G.M. Rao was honoured with the ‘Bulandh
    Bharath’ Award for his exemplary contributions towards nation building.
  • SGK Kishore, CEO, GMR Hyderabad International Airport Ltd
    accepted the award on behalf of GM Rao from K. Chandrashekar Rao, Chief
    Minister of Telangana and M. Venkaiah Naidu, Union Minister for Urban
    Development and Parliamentary Affairs, during the 27th All India Builders’
    Convention (AIBC) organised today by Builders’ Association of India (BAI),
    Hyderabad Centre at Ramoji Film City.
  • Bulandh Bharath Awards is an initiative by BAI to recognise
    and appreciate innovation and motivate others to be inspired to excel too.

Appointments
Amitabh Kant
appointed as CEO of NITI Aayog

  • Amitabh Kant was on 7 January 2016 appointed as the Chief
    Executive Officer (CEO) of NITI Aayog. His appointment was approved by the
    Appointments Committee of the Cabinet (ACC). Kant will take over the office of
    CEO in March 2016, when he retires from service.
  • On 1 January 2016, Kant was given the additional charge of
    the CEO of NITI Aayog following the completion of tenure of previous CEO
    Sindhushree Khullar on 31 December 2015.

Airtel Appoints Rakesh
Bharti Mittal As Non-Executive Director

  • Bharti Airtel today named Rakesh Bharti Mittal as
    non-executive director in place of Rajan Bharti Mittal.
  • Rajan Bharti Mittal quit his position effective January 7,
    2016.
  • Both Rakesh and Rajan are vice-chairmen of Bharti
    Enterprises, of which Airtel is a group company.
  • Bharti Enterprises has interests in telecom, financial
    services, retail, manufacturing, realty and agri business.

Devender Kumar Sikri
appointed as Chairman of Competition Commission of India

  • Devender Kumar Sikri was on 7 January 2016 appointed as
    Chairman of fair-trade regulator Competition Commission of India (CCI). He
    succeeds Ashok Chawla, whose tenure as the Chairman of CCI ended on 7 January
    2016 itself.
  • Sikri will have a tenure of about two and half years, i.e.
    till he attains the age of 65 years.

Sports
Union Government
allowed traditional bull-taming sports Jallikattu in Tamil Nadu

  • The Union Government on 8 January 2016 allowed the conduct
    of the traditional bull-taming sports, Jallikattu, in Tamil Nadu.
  • The ban on the sports was lifted few days before the
    traditional harvest festival will begin in Tamil Nadu. Jallikattu is celebrated
    around pongal in southern state of Tamil Nadu.

Miguel Tabuena won Hilton
Asian Tour Golfer of the Month
  • The Philippines’ Miguel Tabuena on 7 January 2016 was voted
    as the Hilton Asian Tour Golfer of Month for December 2015.
  • Tabuena won the award ahead of Thailand’s Phachara
    Khongwatmai and India’s Himmat Rai. The trio were nominated by a selection
    panel before going into a voting process.

Obituaries
Indian-Origin S
African Freedom Fighter Indrasena Elatchininathan Naidoo Dies

  • South Africa’s veteran freedom fighter of Indian-origin,
    Indres Naidoo, has passed away and will be accorded an official funeral, with national
    flags flown half-mast.
  • South African President Jacob Zuma has declared a Special
    Provincial Official Funeral for Naidoo, 79, a stalwart of the liberation
    struggle and recipient of the National Order of Mendi for Bravery, who passed
    away at a military hospital in Cape Town on January 3.
  • Zuma has directed that the national flag should be flown at
    half-mast at all stations in the Gauteng Province on Sunday, the day of his
    funeral.

Regards

Team ExamPundit

Sponsored

(adsbygoogle = window.adsbygoogle || []).push({});

Books For 2015 Banking/Insurance Exams