Current Affairs Update – 8th June, 2015

Hello and welcome to ExamPundit. Here are the Important Current Affairs of 8th June, 2015. These are important for upcoming SBI PO Mains Exam 2015.

Appointments
K.V. Chowdary is new
CVC; Vijai Sharma new CIC

  • Former Chairman of the Central Board of Direct Taxes, K.V.
    Chowdary, was on Monday, appointed as the new Central Vigilance Commissioner,
    while the senior-most Information Commissioner, Vijai Sharma, is the new Chief
    Information Commissioner.
  • T.M. Bhasin, Chairman & Managing Director, Indian Bank,
    has been appointed Vigilance Commissioner.
  • The government and the opposition had on June 1, agreed on
    the names of the CIC and CVC, the posts that have been lying vacant for over
    nine months.
  • The agreement came at two meetings between Prime Minister
    Narendra Modi and Leader of Congress in Lok Sabha Mallikarjun Kharge in two
    different committees.
  • Meanwhile, Supreme Court lawyer Prashant Bhushan, had
    written to the Prime Minister Narendra Modi on May 20 to publicly disclose the
    names of persons shortlisted for appointment as Central Vigilance Commissioner
    (CVC).
  • Senior Supreme Court advocate Ram Jethmalani too raised
    objections to making Mr. Chowdhry as the CVC.
  • A selection panel headed by the Prime Minister, which
    includes leader of the principal opposition party, and senior cabinet ministers
    selects the CVC, CIC, vigilance commissioners and information commissioners.
  • The Central Vigilance Commission is headed by a CVC and
    comprises two vigilance commissioners and today’s appointment constitutes the
    full Commission.
  • In the CIC, there are vacancies of four Information
    Commissioners. The incumbents are Basant Seth, Yashovardhan Azad, Sharat
    Sabharwal, Manjula Prasher, M A Khan Yusufi and Madabhushanam Sridhar
    Acharyulu.

R.C. Tayal Appointed
New National Security Guard DG
  • Senior IPS officer R C Tayal has been appointed as the new
    chief of the elite counter-terror force National Security Guard (NSG).
  • An official order was issued today after the Union Home
    Ministry cleared his name for the post.
  • The 1980-batch Assam-Meghalaya cadre officer is at present
    serving as the Special Director General in paramilitary CRPF and is heading its
    formation in Jammu and Kashmir.
  • He is expected to serve as NSG DG till August next year when
    he is scheduled for superannuation.
  • The post fell vacant after incumbent chief J N Choudhury
    retired on May 31.
  • Hailing from Haryana, Tayal has earlier served as an
    Additional DG in the Sashastra Seema Bal during his stint at the centre.
  • NSG was raised in 1984 as a federal contingency force with a
    specific aim to undertake counter-terror and counter-hijack operations and it
    was later tasked to protect high-risk VVIPs.

Banking/Industry
Tata Communications
Payment Solutions ties up with FINO PayTech
  • White label operator, Tata Communications Payment Solutions,
    today partnered with FINO PayTech, a payment technology provider, to set up
    more ATM services in rural unbanked regions.
  • Tata Communications Payment Solutions, which operates under
    the brand name ‘Indicash’, will install ATMs at the existing FINO Money Marts,
    the retail outlets of FINO PayTech. Similarly, Money Mart points will be placed
    at the existing Indicash ATM locations, Tata Communications Payment solutions
    said in a statement.
  • The Indicash network has rolled out over 5,000 ATMs in 20
    states in nearly two years, while FINO has a retail presence across 14 states
    with over 300 FINO Money Marts in the country.
  • Money marts provide banking and payment service offerings
    such as remittance, utility bill payments, bus/train ticket booking, mobile/DTH
    recharge, micro insurance and international remittance cash out.
  • The first set of such installations is expected to go live
    in Gurgaon, Faridabad and Pune and plans are on to extend 100 such outlets with
    both offerings under the same roof by the end of the fiscal in states like
    Maharashtra, Uttar Pradesh, Andhra Pradesh,Tamil Nadu, Delhi, Gujarat, Haryana
    and Karnataka.
  • This partnership will allow customers to access a range of
    banking and payment service offerings such as ATMs, domestic remittance,
    international remittance cash out, utility bill payments, travel bookings,
    mobile/DTH recharge, online shopping, cash management services and Aadhaar
    Kendra Services.

               
IOC to Invest Rs
15,000 Cr to Raise Panipat Refinery Capacity
  • Indian Oil Corp, nation’s largest oil firm, plans to invest
    about Rs 15,000 crore in raising capacity at its Panipat refinery in Haryana by
    34 per cent to 20.2 million tonnes (MT) by 2020.
  • IOC owns and operates eight refineries and has only a few
    weeks back added ninth refinery at Paradip in Odisha. Its eight refineries have
    a cumulative refining capacity of 54.2 MT of crude oil and addition of 15 MT at
    Paradip refinery has helped it regain the top refiner slot in the country.
  • It overtook Reliance Industries, which has twin refineries
    at Jamnagar in Gujarat with a capacity of 62 MT.
  • Essar Oil is the only other private refiner having a 20 MT a
    year unit at Vadinar in Gujarat.
  • The official said IOC is also looking at raising capacity of
    its 13.7 MT a year Koyali refinery in Gujarat by 4.3 MT as well as hiking
    capacity of Mathura refinery in Uttar Pradesh by three MT to 11 MT.
  • A small capacity addition of 0.5 MT is also planned at 7.5
    MT Haldia refinery in West Bengal.
  • Panipat Refinery was commissioned in 1998 with a capacity of
    six MT per annum. The refining capacity was doubled to 12 MT in 2006 and then
    raised by a further three MT to 15 MT in 2010.

India
India and Bangladesh
signed 22 bilateral documents

  • India and Bangladesh on 6 June 2015 inked signed, exchanged,
    adopted and handed 22 bilateral documents in Dhaka.
  • These documents were inked during the two-day visit of Prime
    Minister Narendra Modi to Bangladesh from 6 June to 7 June 2015.

The documents
include
  1. Exchange of Instruments of Ratification of 1974 Land
    Boundary Agreement and its 2011 Protocol
  2. Exchange of letters on Modalities for implementation of 1974
    Land Boundary Agreement and its 2011 Protocol
  3. Renewal of Bilateral Trade Agreement
  4. Agreement on Coastal Shipping between Bangladesh and India
  5. Renewal of Protocol on Inland Water Transit and Trade
  6. Bilateral Cooperation Agreement on Cooperation in the field
    of Standardization was inked between Bangladesh Standards & Testing Institution
    (BSTI) and Bureau of Indian Standards (BIS).
  7. Agreement on Dhaka-Shillong-Guwahati Bus Service and its
    Protocol
  8. Agreement on Kolkata-Dhaka-Agartala Bus Service and its
    Protocol
  9. Memorandum of Understanding between Coast Guards
  10. Memorandum of Understanding on Prevention of Human
    Trafficking
  11. Memorandum of Understanding on Prevention of Smuggling and
    Circulation Fake Currency Notes
  12. Memorandum of Understanding between Bangladesh and India and
    for Extending a New Line of Credit (LoC) of 2 billion US dollars by Government
    of India to Government of Bangladesh
  13. Memorandum of Understanding on Blue Economy and Maritime
    Cooperation in the Bay of Bengal and the Indian Ocean
  14. Memorandum of Understanding on Use of Chittagong and Mongla Ports
  15. Memorandum of Understanding for a Project under IECC (India
    Endowment for Climate Change) of SAARC
  16. Memorandum of Understanding on Indian Economic Zone
  17. Cultural Exchange Programme for the years 2015-17
  18. Statement of Intent on Bangladesh-India Education
    Cooperation (adoption)
  19. Agreement between Bangladesh Submarine Cable Company Limited
    (BSCCL) and Bharat Sanchar Nigam Limited (BSNL) for leasing of international
    bandwidth for internet at Akhaura
  20. Memorandum of Understanding between University of Dhaka,
    Bangladesh and Council of Scientific and Industrial Research, India for Joint
    Research on Oceanography of the Bay of Bengal
  21. Memorandum of Understanding between University of Rajshahi,
    Bangladesh and University of Jamia Milia Islamia, India
  22. Handing over of Consent Letter by Insurance Development and
    Regulatory Authority (IDRA), Bangladesh to Life Insurance Corporation (LIC),
    India to start operations in Bangladesh

Sports
Stanislas Wawrinka
won Men’s single title of French Open

  • Stanislas Wawrinka of Switzerland on 7 June 2015 won his
    first French Open title of Tennis. In the final clash played at Roland Garros
    in Paris, Wawrinka defeated Novak Djokovic of Serbia 4-6, 6-4, 6-3, 6-4.
  • The victory makes him only the second Swiss to win at Roland
    Garros after Roger Federer, the man he beat in the quarter-finals. This was
    second grand slam title for Wawrinka after Australian Open 2014. He also
    brought an end to Djokovic’s 28-match winning streak.

Serena Williams wins
third French Open — her 20th Grand Slam title

  • Serena Williams won her 20th Grand Slam title and third
    French Open crown at Roland Garros on June 6, 2015, clawing her way back from a
    break down in the last set to defeat Lucie Safarova 6-3, 6-7 (2/7), 6-2.
  • With 20 Grand Slam titles Williams is now second on the
    Open-era list, two shy of Steffi Graf. She is also now halfway to winning all
    four Grand Slam titles, in the same year, a feat previously achieved by just
    three other women, the last being Graf in 1988.

Obituaries
Noted Telugu poet
Dasaradhi Rangacharyulu passed away
  • Well-known Telugu writer and Sahitya Akademi awardee,
    Dasaradhi Rangacharyulu, passed away in a corporate hospital here. He was 86
    and had been ailing for the past couple of weeks.
  • He was noted for his simple writings, reflecting the culture
    and ethos of Telangana, and sharp wit. His writings — Chillara Devullu (Lesser
    Deities), Jeevana Yanam (autobiographical life’s journey), Modugu Poolu (fire
    flowers ), and a translation of the four Vedas into Telugu, stood out in a long
    career. A high point of his life was his strident opposition of the oppressive
    rule of the Nizams in the erstwhile Hyderabad State, which landed him in jail.
  • Hailing from an ordinary, middle-class family, originally
    from Warangal district, Dasaradhi had to struggle hard as he moved to Khammam
    and then Vijayawada for higher education. After the formation of the united
    state of Andhra Pradesh in 1956, he joined Government service and worked in
    Hyderabad for over three decades.
  • Interestingly, Dasaradhi grew under the towering personality
    of his elder brother Dasaradhi Krishnamacharyulu (died in 1987), who also won
    the Sahitya Akademi Award, was a noted writer, poet, and made a mark as a
    lyricist. He played a significant role in the Telangana armed struggle against
    Hyderabad State.

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