Current Affairs Update – 9th – 11th April, 2016

Hello and welcome to ExamPundit. Here are the important Current Affairs from 9 April to 11 April, 2016. These are important for the upcoming SBI Clerk and NABARD Assistant Manager exam 2016.

• NPCI on Monday launched next
  generation online payments solution – Unified Payments Interface (UPI) which
  will leverage trends such as increasing smartphone adoption and deeper
  penetration of mobile data.
• UPI is a channel that powers
  multiple bank accounts into a single mobile application (of any bank) of a
  participating bank, merging several banking features, seamless fund routing and
  merchant payments into one hood.
• It will empower users to perform
  instant push and pull transactions and transform the way people make payments
  today.
• UPI was today launched by Reserve
  Bank Governor Raghuram Rajan along with Nandan Nilekani, advisor to NPCI.
• Hota said a few banks have gone
  live with UPI out of 29 and other banks will join this year.
• UPI facilitates ‘virtual address’
  as a payment identifier for sending and collecting money and works on single
  click 2 factor authentication.

• Country’s largest service
  provider Bharti Airtel today said its mobile commerce subsidiary, Airtel M
  Commerce Services, had received payments bank licence from the Reserve Bank of
  India.
• In August last year, RBI had
  given in-principle to the company, which operates under brand name of Airtel
  Money, along with 10 others, including Reliance Industries, Aditya Birla Nuvo,
  Vodafone m-pesa, Department of Posts, for payments bank.
• In February this year, Kotak
  Mahindra Bank signed an agreement to pick 19.9 per cent stake for Rs 98.38
  crore in Airtel M Commerce Services.
• The companies, which received
  in-principle approval from RBI in August, will have to make their banks
  operational by March 2017.
• Through Airtel Money, the company
  offers ticketing, mobile and DTH recharges, utility bill payments, online
  shopping, money transfer services. It also has business correspondent tie-up
  with Axis Bank and provides business to business payment collection services at
  present.

• XBRL filing was in news on 11
  April 2016 as the Union Corporate Affair Ministry exempted the housing finance
  companies from it. For this, the ministry amended the Companies (Filing of
  Documents and Forms in Extensible Business Reporting Language) Rules.
• The sectors which were already
  exempted from this kind of filings include Banking, insurance, power sector and
  non-banking finance companies.
• XBRL or Extensible Business
  Reporting Language, provides a common, electronic format for business
  reporting.
• It is a data-rich dialect of XML
  (Extensible Markup Language), the universally preferred language for
  transmitting information via the Internet.

• The first-ever three-day North
  East-ASEAN (Association of Southeast Asian Nations) Business Summit concluded
  at the City Convention Centre in Imphal, Manipur. It was held from 7 April to 9
  April 2016.
• It was organised with an aim to
  attract investment from both domestic and foreign firms to the North-East
  states of India. It also tried to increase productivity and generate employment
  in the region.
• Bangladesh Commerce Minister
  Tofail Ahmed was the chief guest at the inaugural session of the Summit while
  Manipur Speaker Thokchom Lokeshwar Singh presided over the function.

• Mother Teresa was posthumously
  conferred with the UK’s prestigious Founders Award 2016.The award is given to
  recognise and reward exemplary achievements of people within the global Asian
  community.
• Teresa’s only living relative,
  her 72-year old niece, Agi Bojazhiu received the award on 8 April 2016.
• Business Leader of the Year
  award: Prakash Lohia, Chairman and co-founder of Indorama Corporation.
• Outstanding achievement in
  Television’ award: Kunal Nayyar, actor from the hit American comedy series The
  Big Bang Theory.
• Outstanding Achievement in Cinema
  award: Asif Kapadia, he is Oscar and BAFT-winning documentary-maker

• Delhi-based Priyadarshini
  Chatterjee on 9 April 2016 was announced the winner of the FBB Femina Miss
  India World 2016 at the 53rd edition of the Femina Miss India beauty pageant held
  in Mumbai. She was crowned the title by Aditi Arya, Femina Miss India 2015.
• Bangalore girl Sushruthi Krishna
  emerged as the Femina Miss India Supranational 2016 and Lucknow girl Pankhuri
  Gidwani was crowned the Femina Miss India Grand International 2016.
• Chatterjee will now represent
  India at the Miss World 2016 pageant, Krishna will participate at Miss
  International 2016, while Gidwani will take part at the Miss Grand
  International beauty pageants.

• Investigative journalist Khadija
  Ismayilova of Azerbaijan on 8 April 2016 was chosen for the UNESCO or Guillermo
  Cano World Press Freedom Prize 2016.
• The Prize will be awarded during
  the celebration of World Press Freedom Day 3 May 2016 hosted by Finland.
• An independent international jury
  of media professionals recommended Ismayilova in recognition of her outstanding
  contribution to press freedom in difficult circumstances.

• The Union Government on 8 April
  2016 approved country’s first Metrino Pod project for Gurgaon, for which the
  state government would not have to pay anything. The work on this project would
  start by 1 June 2016.
• Haryana Public Works (Building
  and Roads) Minister, Rao Narbir Singh said that the National Highway Authority
  of India has also submitted the feasibility report for this Metrino Pod taxi
  project. The fare of Metrino Pod taxi would be similar to that of the Metro.
• The pilot project will span a
  13km stretch from the Gurgaon-Delhi border to Badshapur Mod on Sohna Road and
  is estimated to cost 850 crore rupees.

• Sajibu Cheiraoba, a traditional
  festival that marks New Year of the Meiteis (majority ethnic group) of Manipur,
  was celebrated on 8 April 2016. It was celebrated with cultural gusto and
  religious fervor in Manipur.
• Sajibu Cheiraoba is celebrated
  annually on the first day of Sajibu month (first lunar day of the lunar month
  Sajibu (March/April)). On this day, people arrange a joint family feast in
  which traditional cuisines are offered to local deities at the entrance gates
  of the houses.
• After meals, people start climb
  the Cheiraoching located in Chingmeirong or tops of nearby hills in the
  afternoon to offer prayers. As per belief they think that it would elevate them
  to greater heights in their worldly life.

• Lee Chong Wei on 10 April 2016
  won the men’s singles title at the Malaysia Open 2016 held at the Malawati
  Stadium in Shah Alam, Malaysia.
• The world No. 4 grabbed the title
  by defeating China’s world No. 1 Chen Long a 21-13, 21-8 in just 42 minutes.
• The title is Chong Wei’s 11th
  Malaysia Open crown after having won in 2004, 2005, 2006 and consecutively from
  2008-2014.

• Danny Willett on 10 April 2016
  won the US Masters, the first Briton to do so since Nick Faldo in 1996. Willett
  grabbed the title after defeating defending champion Jordan Spieth.
• Willett won his first major
  championship with a score of 283 (–5), three strokes ahead of runners-up Lee
  Westwood and Jordan Spieth. Spieth led the tournament from the first round
  until the 12th hole of the final round, where he made a quadruple-bogey

• Anthony Joshua on 9 April 2016
  won the International Boxing Federation heavyweight title. He knocked out
  Charles Martin in the second round at the O2 Arena in London.
• Joshua, the 2012 Olympic gold
  medallist, captured his first world title in only his 16th professional fight.

• World number two shuttler Kento
  Momota of Japan was axed from Japan’s badminton team for the 2016 Rio Olympics.
  He was axed for gambling at an illegal casino.
• The Nippon Badminton Association
  banned 21-year-old Momota from competition indefinitely, after an emergency
  meeting to decide the player’s fate.
• Momota became the first Japanese
  man to win a world championship medal with a bronze in Jakarta in August 2015
  and had been tipped to challenge for the title in Rio Olympics. Momota’s
  absence in Rio will be a major blow to Japan’s medal hopes.

• Federation Internationale de
  Football Association (FIFA) on 7 April 2016 released the April 2016 edition of
  the FIFA or Coca-Cola World Ranking.
• A total of 171 games were taken
  into account for the Ranking which includes 51 qualifiers for Russia 2018 and
  60 continental qualifiers and 60 international friendlies.
• Argentina Men’s Soccer team stood
  at world number one, pushing back the Belgium team to second position.  This is the first time since November that
  Belgium have lost top spot after taking it from the South American side in
  November 2015.
• Meanwhile, India lost their last
  two World Cup qualifiers against Iran and Turkmenistan and dropped down to 162.

• The World Bank Group (WBG) on 7
  April 2016 adopted the Climate Change Action Plan. The plan was designed to
  help countries meet their Paris COP21 pledges and manage increasing climate
  impacts.
• It sets targets for 2020 in
  high-impact areas, including clean energy, green transport, climate-smart
  agriculture, and urban resilience.
• The climate-related share of
  WBG’s portfolio will be increased from 21 to 28 percent by 2020 in response to
  client demand, with total financing of potentially 29 billion US dollars per
  year by 2020.
• The bank will support countries
  in translating their Nationally Determined Contributions (NDCs) into climate
  policies and investment plans into actions and in mainstreaming climate
  considerations into policies and budgets.

• Saudi Arabia and Egypt on 8 April
  2016 agreed to build a bridge over the Red Sea. The announced bridge will
  connect the two countries.
• The planned bridge would help in
  boosting commerce between the two allied countries. It will also connect the
  two continents, Africa and Asia, and result in increasing trade between the two
  continents to unprecedented levels.
• The announcement was made by
  Saudi Arabia’s King Salman bin Abdulaziz after meeting Egyptian President
  Abdul-Fattah al-Sisi at the President’s Ittahidiya Palace. King Salman,
  80-year-old monarch, is on a five-day long visit to Egypt.

• NASA astronaut Scott Kelly will
  write a memoir titled Endurance: My Year in Space and Our Journey to Mars, as
  announced on 6 April 2016. The book will be published by Alfred A. Knopf.
• Scott returned to Earth in March
  2016 after spending almost a year aboard the International Space Station (ISS).
• The memoir will offer a glimpse
  of Scott’s journey to space and his life aboard the ISS. He will also recount
  the obstacles he encountered along the way, his early struggles in school, his
  training as a Navy test pilot, and the work required to become an astronaut and
  live in space for one year.

• Former Union Minister and
  Congress leader C Silvera died on 9 April 2016 in Tuikhuahtlang, Aizawl
  district of Mizoram. He died of heart failure. He was 81.
• He was the longest serving member
  of Parliament from the Mizoram (Lok Sabha constituency).
• He was the first and so far the
  only Mizo to be in the union council of ministers.

Regards

Team ExamPundit

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