Current Affairs 11th April 2017 - Banking, SSC, UPSC Affairs

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Pakistani Defence Minister Khawaja Asif on Tuesday said that the former Indian Navy official, Kulbhushan Jadhav, accused of espionage, can appeal against his sentence to Army Chief General Qamar Javed Bajwa and President Mamnoon Hussain.Addressing the Senate on Kalbushan conviction by the military court, Mr. Bajwa said Kulbhushan Jadhav acted on behalf of Indian government and there was no doubt that he was involved in subversive activities.He also said that Pakistan will not bow before any pressure on the issue.A Pakistani military court on Monday sentenced to death the former Indian Navy official, accusing him of espionage and working for the India’s external intelligence agency, R&AW.The sentencing of Mr. Jadhav (46), was confirmed by army chief Gen. Qamar Javed Bajwa after the Field General Court Martial (FGCM) found him guilty of “all the charges”, said the military’s media wing, Inter-Services Public Relations (ISPR).Indian embassy officials have been repeatedly refused access to Mr. Jadhav throughout the trial process. Pakistan  Former defence minister - Nawaz Sharif

Prime Minister Narendra Modi on Tuesday described the Budget session of Parliament as a “winner” for the Treasury benches, saying the BJP put up an impressive show in the recent State polls while the government was able to secure passage of many key Bills.Addressing the BJP Parliamentary Party meeting a day before the session ends, Mr. Modi also pitched for pushing reform and development agenda. He asserted that there is a “positive” public mood in the favour of the ruling dispensation as it completes its third anniversary the next month.This is a golden opportunity for us to lift the lives of the poor, the deprived...This is the time for doing more development and reforms,” he said.The BJP MPs were also informed about a one-month programme to celebrate the government’s third anniversary from May 24. Briefing reporters after the meeting, Parliamentary Affairs Minister Ananth Kumar said Mr. Modi called the session very constructive, with the Lok Sabha passing 21 Bills and the Rajya Sabha 14. These include the GST Bills and also the politically important OBC Bill. The Prime Minister said the BJP notched up a massive win in the Uttar Pradesh Assembly polls during the session. The hope his government had generated among the masses in 2014 had turned into confidence, he said.Information and Broadcasting Minister Venkaiah Naidu outlined the one-month programme, Mr. Kumar said.Heaping praise on Mr. Modi, Mr. Naidu referred to the Monday’s meeting of 33 NDA constituents in which important allies like Parkash Singh Badal of the Akali Dal and Chandrababu Naidu of the TDP spoke about his “transformative” leadership.“Mr. Modi has emerged as the poor’s messiah,” he claimed.Mr. Modi noted that it was the birth anniversary of Lord Hanuman. He said Hanumanji was an example of a “dedicated social worker”, which should inspire one and all. BJP Government Third anniversary celebrations - May 24 2017

Axis Bank CEO Shikha Sharma, while speaking at IIM Ahmedabad, said, "The choice of life partner is the single most important choice you will make in your life." "When you are out there, looking for a partner, look beyond their looks, their success, their style," she added. "The...strength of your going to come from their character," she further noted. Axis Bank Foundation- 2 April 1994 in Ahmedabad by Dr. Manmohan Singh ( Former Prime minister) CEO & Managing Director - Shikha Sharma

The Border Security Force (BSF) has seized a huge consignment of Fake Indian Currency Notes (FICN) from the Indo-Bangladesh border at Kaliachak in Malda district.The 24th Battalion of the BSF has confiscated a bag of counterfeit notes of the new Rs 2000 notes worth Rs 6.96 lakhs in an ambush late on Monday night.The security agency carried out the operation at Gate Number 179 at the Chori-Anantapur border observation post (BOP) based on specific intelligence inputs. The BSF conducted the raid after receiving intelligence about movement of the consignment from across the border in Bangladesh into India.When BSF officers reached the spot, they recovered a packet of notes which was apparently thrown inside Indian territory from the other side.The BSF has now launched a joint probe into the case along with the Malda police and other central agencies. INDO-BANGLADESH BORDER- HUB OF FAKE CURRENCY The raid comes just three days after the district police arrested a youth with fake currency notes worth Rs 1 lakh. The 26 year-old Amajuddin Sheikh was arrested by officers from Baishnabnagar police station with a consignment of 50 fake notes of the new 2000 denomination notes near National Highway 34. Similarly, earlier this month, two others were also nabbed from the same area by the police for carrying four fake Indian currency.The Indo-Bangladesh border in Malda and Murshidabad district is infamous for being the fake currency hub of India. Recently, Union Minister of State for Home Affairs, RijijuKiren  in a written reply to a query in Rajya Sabha, had informed that FICN worth Rs 14.76 lakh have been seized from the Malda district.

The Supreme Court on Tuesday set aside an order by the Appellate Tribunal For Electricity allowing compensatory tariff to Tata Power Ltd. and Adani Power Ltd., sending down shares of both companies.Shares of Tata Power reversed early gains to fall as much as 6.78 percent, while Adani Power slumped up to 20% to its lowest since Feb. 21.The tribunal, in April last year, had said that the two companies needed to be compensated as the change in Indonesian laws on coal export prices were outside the control of these companies. The firm started as the Tata Hydroelectric Power Supply Company in 1910,which amalgamated with the Andhra Valley Power Supply Company in 1916. It commissioned India’s Second hydro-electric project in 1915 in Khopoli for 72 MW. Then second and third power plants were installed in Bhivpuri (78 MW) in 1919 and Bhira (300 MW) in 1922. Last year in December, the Central Electricity Regulatory Commission (CERC) ruled that the two firms are entitled to relief in the form of compensation for higher coal cost for their flagship power plants in Gujarat.

In a freak accident in mid sea off the Gujarat coast, three commandos of the Pakistan Marine Security Agency (PMSA) lost their lives, one went missing and two rescued by the Indian Coast Guard after their boat capsized.Coast Guard ship Arinjay, on receiving a message of accident, reached the spot and found three bodies found floating. Its personnel rescued two commandos.  The rescued and the bodies were handed over to the PMSA, sources said. The Coast Guard has alerted coastal police stations in Gujarat on the missing commando.According to the details, a fleet of PMSA boats had allegedly entered Indian territorial waters around 70 nautical miles off Jakhau port where a dozen fishing boats from India were on a fishing expedition. Subsequently, the PMSA started rounding up Indian fishing trawlers and they were being escorted to take them to Karachi port in Pakistan.However, a fishing trawler namely Mahenoor broke down and collided with a small fast boat of PSMA, causing it to capsize with six commandos on board. In that collision and subsequent capsize, three PMSA guards died while one has gone missing and two were rescued by the Coast Guard ship Arinjay.After the Coast Guard officials handed over bodies to PMSA, on its part the PMSA released seven boats including the one which had broken down causing the accident, which were rounded up."The incident occurred on wee hours of Monday and the coast guard's Okha-based ship Arinjay was pressed into service," a source from Kutch told The Hindu.The names of the Indian fishing boats which were being taken by the PMSA personnel are: Uma Shakti, Parsuram, Trishul, Savan, Ashirvad, Kishan Kanhaiya, Baba Tajuddin and Mehnoor, which could not be apprehended due to defective engine.

After Flipkart announced the acquisition of eBay's India operations and raised $500 million from it, eBay's CEO Devin Wenig said, "Flipkart had a very strong close to last year". "There weren't going to be 10 winners, but maybe only one or two. And Flipkart, given all of that, was the natural party to align with", he added Ebay Founder - Pierre Omidyar Year- 1995 Head quarters - San Jose, California.  Flipkart Founder - Binny Bansal , CEO - Sachin Bansal Year - 2007 Headquarters - Bengaluru, Karnataka

Former U.S. President Barack Obama will attend the annual meeting of the Protestant church in Germany in late May, daily Sueddeutsche Zeitung reported on Tuesday.A church spokeswoman declined to comment ahead of a news conference later on Tuesday. German Chancellor Angela Merkel, Foreign Minister Sigmar Gabriel and other leaders will also attend the May 24-28 meeting, which will commemorate the 500th anniversary of the Reformation, launched when Martin Luther posted his 95 Theses on the door of Wittenberg Cathedral.Mr. Obama's visit to Germany would coincide with a NATO summit in Brussels on May 25, which his successor Donald Trump plans to attend.A crowd of more than 200,000 turned out to hear the then presidential candidate, Mr. Obama, speak in Germany in July 2008.

Rising Pune Supergiant will have an opportunity to get back to the winning ways when the Steve Smith-led franchise takes on Delhi Daredevils in an Indian Premier League 2017 match at Kolkatta on Tuesday.Pune had a mixed start to their current IPL campaign, handsomely winning their opener against Mumbai Indians before going down to Kings XI Punjab in their second match.Delhi, on the other hand, will have their task cut out after having narrowly lost their maiden tie against Royal Challengers Bangalore by 15 runs. The Daredevils lacked the spark in their batting having failed to chase 158 against RCB, with youngster Rishabh Pant emerging the lone bright spot for the side, scoring 57 runs, two days after losing his father. Teams: Rising Pune Supergiant: Steve Smith (Captain), Mahendra Singh Dhoni (WK), Ajinkya Rahane, Ben Stokes, Faf du Plessis, Usman Khawaja, Manoj Tiwary, Mayank Agarwal, Ankit Sharma, Baba Aparajith, Ankush Bains, Rajat Bhatia, Deepak Chahar, Rahul Chahar, Daniel Christian, Ashok Dinda, Lockie Ferguson, Jaskaran Singh, Saurabh Kumar, Milind Tandon, Jaydev Unadkat, Adam Zampa. Delhi Daredevils: Zaheer Khan (Captain), Mohammad Shami, Shahbaz Nadeem, Jayant Yadav, Amit Mishra, Shreyas Iyer, Sanju Samson, Karun Nair, Rishabh Pant (WK), CV Milind, Khaleel Ahmed, Pratyush Singh, Murugan Ashwin, Aditya Tare, Shashank Singh, Ankit Bawne, Navdeep Saini, Corey Anderson, Angelo Mathews, Pat Cummins, Kagiso Rabada, Chris Morris, Carlos Brathwaite, Sam Billings, Ben Hilfenhaus. IPL - Indian Premier League Title Sponsered in 2016, - VIVO Electronics The 2016 IPL title holders - Sunrisers Hyderabad.

NEW DELHI: With less than two weeks left for the polls, Delhi Congress has decided to initiate a campaign by bringing in their senior leaders to interact with the public and apprise them about the party's plan of streamlining the three corporations, if they are voted to power. Delhi Pradesh Congress Committee (DPCC) spokesperson said that the former financial minister P Chidambaram, Jairam Ramesh and Shashi Tharoor will join morning walkers and joggers in different areas and interact with them in the next coming days.  Jairam Ramesh and Shashi Tharoor will join morning walkers and joggers in different areas and interact with them in the next coming days. "We will seek SEC's permission on Tuesday and organise meetings accordingly in the next three days," said the spokesperson. DPCC along with the leaders had launched three blueprints on the steps they plan to take to streamline sanitation, revenue system, primary education and health sector of the corporations. Name of the Party - The Indian National  Congress Founded - 28 December 1885, Mumbai

NEW DELHI:  Arvind Kejriwal, the Chief Minister of Delhi, faces a warrant in Assam for not appearing in court yesterday in a defamation case over his tweet on Prime Minister Narendra Modi's degree last year. The warrant, which is bailable, has been issued at a time Mr Kejriwal and his Aam Aadmi Party (AAP) are immersed in their campaign for the April 23 Municipal Corporation of Delhi or MCD polls. Mr Kejriwal had referred to the civic polls while requesting the court in Diphu to excuse him and give him more time to appear. His lawyer said he "cannot leave Delhi to attend the court hearing because of the civic election and the nature of his work because he is Chief Minister of Delhi". The judge rejected the request, noting that Mr Kejriwal had failed to appear once before on January 30, and issued a warrant of Rs. 10,000. The criminal defamation case was filed by Assam BJP leader Surya Rongphar after Mr Kejriwal alleged in a tweet in December that the Prime Minister had studied only till Class 12 and his college degree was fake. The comment was "baseless and misleading", said Mr Rongphar. The court will take up the case next on May 8. Mr Kejriwal and his party have repeatedly questioned the authenticity of PM Modi's Delhi University degree. The university's registrar said last year that the Prime Minister's degree was authentic and he "cleared the examination in 1978 and was awarded the degree in 1979." Earlier this year, the Central Information Commission rejected the university's objection to providing details sought by an RTI campaigner who is an AAP supporter. AAP - Aam Aadmi Party Founder -  Arvind Kejriwal,  the Chief Minister of Delhi Founded -  launched on 26 November 2012,

Reliance Jio, which withdrew its "Summer Surprise" offer recently after telecom regulator TRAI's recommendation, is updating its tariff packs. Jio is "updating" its tariff packs "and will be soon introducing more exciting offers", as per the website of Reliance Industries' telecom arm - Reliance Jio Infocomm. After withdrawal of Jio's Summer Surprise scheme, the new telecom company could announce low tariffs which will keep the telecom industry in a highly competitive mode, according to some analysts. Until it withdrew its "Summer Surprise", Jio was offering under the scheme three months of "complimentary" service to members of its paid Prime service on purchase of a recharge of Rs. 303 and above.The services were first beta-launched to Jio's partners and employees on 27 December 2015 on the eve of 83rd birth anniversary of late Dhirubhai Ambani, founder of Reliance Industries,and later services were commercially launched on 5 September 2016. Founder - Mr Mukesh Ambani Founded - commercially launched on 5 September 2016. 

The Indian Railways will be launching digital contract, a system of digitisation of its entire supply chain across all zones.The step is aimed at improving the ease of doing business and transparency.With 100 per cent e-tenders and e-auctions already assimilated into the system, railways are further planning to build on these initiatives to achieve seamless flow of material, finances and information. THE DIGITAL CONTRACT : Digital contract, a seamlessly integrated digital supply chain, to be launched by railway minister Suresh Prabhu on Tuesday, envisages involving stakeholders including industries, financial institutions, customers and inspecting agencies to create an efficient, responsive and transparent system.The system includes digitisation of processes like bill submission, inspection, dispatches, receipt, bill passing and bill payments and enabling use of analytics for increasing supply-chain efficiencies in real time. Indian railways - 16 April 1853 Railway Minister - Mr Suresh Prabhu The Great Southern India Railway Co. was founded in Britain in 1853 and registered in 1859. 

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