Current Affairs 20th June 2016 - Banking, SSC, UPSC Affairs

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The BCCI has  suspended and issued show cause notices to the top Goa Cricket Association officials, who were arrested for alleged misappropriation of organisation funds, and initiated a probe of its own against them.  GCA president Chetan Dessai and secretary Vinod Phadke, who are also part of important committees of BCCI, along with treasurer Akbar Mulla were arrested earlier this week by police for alleged misappropriation of Rs 3.13 crore belonging to the organisation. BCCI secretary Ajay Shirke said in a statement: "It has been widely reported in the media that the President, Hon. Secretary and Hon. Treasurer of the Goa Cricket Association have been charged under various sections of the Indian Penal Code for serious allegations in connection with misappropriation of large sums of money of the Goa Cricket Association.  Two of the above members also work as functionaries of the BCCI representing their state cricket association on certain important committees of the BCCI.  Given the serious nature of the allegations, the BCCI has decided to investigate the said allegations as well and has accordingly issued show cause notices to the President and the Hon. Secretary of the Goa Cricket Association, under the Memorandum and Rules and Regulations of the BCCI ('Rules'), as to why action should not be taken against them as per the Rules of BCCI. he apex cricket body has given the GCA officials 15 days to file their replies. Pending completion of investigation, the two officials will remain suspended from the BCCI committees.  Pending the process of inquiry which has begun, the BCCI by virtue of the powers vested with the President and the Hon. Secretary of the BCCI, have suspended the President of the Goa Cricket Association, Mr. Chetan Desai, from acting as chairman of the Marketing Committee of the BCCI and Mr. Vinod Phadke, the Hon. Secretary of the Goa Cricket Association from acting as a member of the Information and Technology Committee of the BCCI.

Filmmaker Raam Reddy's acclaimed Kannada film "Thithi" has bagged the top awards at the ongoing 19th Shanghai International Film Festival and the filmmaker says the response from the Chinese audience for the film has been "overwhelming".  "Thithi" won the Best Film and Best Script Writers in the Asia New Talent Awards at the festival in Shanghai. Other films nominated in the Best Film Category were "One Night Only", "Hana's Miso Soup", "Land of the Little People" and "Detective Chinatown".  Shanghai is the first place the film is being screened at Asia outside of India, and I was really keen to see how people from china and different parts of Asia react to the film. The jury was from China, Japan and Korea and they unanimously loved this film .Ere Gowda, who has co-written the film with Reddy, is "happy" that people around the world have loved the film . "Thithi" is na dramatic comedy about how three generations of sons react to the death of the oldest in their clan, a man named Century Gowda  a locally renowned, highly cantankerous 101-year-old man. Gowda -- a locally renowned, highly cantankerous 101-year-old man.  Set in a small village in Karnataka, the three story lines intertwine before converging at Century Gowda's 'Thithi'  the final funeral celebration, 11 days after a death. Produced by Pratap Reddy and Sunmin Park, "Thithi" has already been screened in over 12 international and national film festivals and won 13 awards. It recently won the 2016 National Award for Best Feature film in Kannada and also won three awards at the Karnataka State Film Awards 2016  Best Film, Best Dialogues and Best Supporting Actress. The film was also selected for 2016 New Directors/New Films.  Shanghai International Film Festival : The Shanghai International Film Festival abbreviated SIFF, is one of the largest film festivals in East Asia.Along with Tokyo International Film Festival, the SIFF is one of the biggest film festivals in Asia.The first festival was held from October 7 to 14, 1993, and was held until 2001. In 2003 there was no festival due to the SARS outbreak.Since its beginning in 1993, Shanghai International Film Festival has grown to become an A-category international film festival. SIFF organized by Shanghai Municipal Administration of Culture, Radio, Film & TV and Shanghai Media & Entertainment Group. It awards several "Golden Goblet" Awards for best film, best director, best actor/actress, and other categories, as well as a "Special Jury Award." SIFF Mart consists of the Film Market, China Film Pitch and Catch (CFPC), and Co-production Film Pitch and Catch (Co-FPC). The SIFFORUM is a communication platform.  

The Union Government has eased foreign direct investment (FDI) norms for nine sectors to give impetus to job creation and ease of doing business in the country. Decision in this regard was taken at a high-level meeting chaired by Prime Minister Narendra Modi. With these changes, India becomes most open economy in the world for FDI. Some of these sectors are :  Food products : In this sector, 100% FDI under government approval route has been approved. It will include trading in food products including through e-commerce, in respect of food products manufactured or produced in India.  Defence Sector : Present FDI regime in this sector permits 49% FDI participation in the equity of a company under automatic route. Now, FDI beyond 49% has now been permitted through government approval route, in cases resulting in access to modern technology in the country or for other reasons. FDI limit also has been made applicable to Manufacturing of Small Arms and Ammunitions covered under Arms Act, 1959.  Pharmaceutical Sector : In this sector, 100% FDI under automatic route in greenfield pharma has been approved. FDI up to 100% under government approval in brownfield pharma also has been approved.  Aviation Sector : 100% FDI under automatic route in Greenfield and Brownfield Airport Projects to aid in modernization of the existing airports to establish a high standard.  Animal Husbandry : 100% FDI allowed in Animal Husbandry (including breeding of dogs), Aquaculture, Pisciculture and Apiculture under Automatic Route without requirement of controlled conditions.  Single Brand Retail Trading : Entities undertaking single brand retail trading have been relaxed from local sourcing norms up to 3 years. Entities engaged in of single brand retail trading of products having ‘state-of-art’ and ‘cutting edge’ technology have been relaxed from local sourcing norms up to 5 years. With these liberalised changes in FDI Policy, Union government has permitted 100% FDI under government approval route for almost every sector, including defence except in few sectors mentioned in the small negative list.  In this list, FDI continues to be prohibited in atomic energy, lottery, gambling, real estate and Real Estate Investments Trusts (REIT) and railways operations. Since 2014, Union Government has brought major FDI policy reforms in a number of sectors, including Insurance, Pension Sector, Defence, Construction Development and Broadcasting etc. Measures undertaken by the Union Government have resulted in increased FDI inflows at 55.46 billion dollars in the financial year 2015-16. This was the highest ever FDI inflow in India for a particular financial year.

Union Human Resource Development Minister Smriti Irani  has decided to setup a 'Yoga Department' in the six central universities during this academic year. The first ever 'Yoga Olympiad' for all government schools ahead of the International Yoga Day, Irani said the decision has been taken on basis of recommendations of a UGC committee, which was setup to explore the feasibility of Yoga studies in higher education institutions. Last year, during the International Yoga Day, we had not only organised a competition for school children through NCERT, but also proposed introducing Yoga in B.Ed and M.Ed curriculum. This year, in a bid to introduce it in higher education, UGC had formed a committee and it has made its recommendations to the government.we have decided to either setup a new Yoga department or revamp it in six central universities in the current academic year. The six central universities where the initiative would be introduced are  :  Central University in Uttarakhand, Central University in Kerala, Central University in Manipur, and Central University in Rajasthan and Central University in Amarkatnak.

Three years after becoming the world's oldest skydiver, Aida Gemanque became the oldest Olympic torch bearer on 18 June 2016  when she carried the flame in the Amazonian city of Macapa, aged 106.  Gemanque broke the record formerly held by Alexander Kaptarenko, who was 101 when he took part in the Sochi 2014 Winter Olympics relay, Xinhua news agency reported.  The 95-day torch relay will pass through 325 Brazilian cities and involve some 12,000 runners before ending at Rio's Maracana Stadium for the lighting of the Olympic cauldron on August 5. 

The National Aeronautics and Space Administration (NASA) on 17 June 2016 unveiled the iconic X-57 Hybrid Electric Research Plane nicknamed as Maxwell.The plane is fixed with 14 electric motors turning propellers and all of them are integrated into a uniquely-designed wing. NASA will use this plane to test new propulsion technology. Highlights of X-57 Hybrid Electric Research Plane : The airplane is named after James Clerk Maxwell, the 19th century Scottish physicist who did groundbreaking work in electromagnetism.The artist's concept of the X-57 shows the plane's specially designed wing and 14 electric motors. NASA Aeronautics researchers will use the Maxwell to demonstrate that how electric propulsion can make planes quieter, more efficient and more environmentally friendly. Maxwell will be powered only by batteries, eliminating carbon emissions and demonstrating how demand would shrink for lead-based aviation fuel still in use by general aviation.Energy efficiency at cruise altitude using X-57 technology could benefit travellers by reducing flight times, fuel usage, as well as reducing overall operational costs for small aircraft. Moreover, X-57’s electric propulsion technology is expected to significantly decrease aircraft noise, making it less annoying to the public. With the return of piloted X-planes to NASA’s research capabilities, the general aviation-sized X-57 will take the first step in opening a new era of aviation. The first X-plane was the X-1, which in 1947 became the first airplane to fly faster than the speed of sound. The X-1 project defined and solidified the post-war cooperative union between US military needs, industrial capabilities and research facilities.

International Cricket Council (ICC) has suspended Sri Lanka’s fast bowler Shaminda Eranga from bowling on 19 June 2016. He was suspended after an assessment of his bowling action. The assessment revealed that all deliveries exceeded the 15 degrees level of tolerance permitted under the regulations. The test was performed on 6 June 20156 at the National Cricket Performance Centre in Loughborough, which is an ICC accredited testing centre. Eranga, who has played 41 times for Sri Lanka across all three formats, was reported after the second Test against England at Chester-le-Street on 31 May 2016. In accordance with Article 6.1 of the regulations, Eranga’s international suspension will also be recognised and enforced by all National Cricket Federations for domestic cricket events played in their own jurisdiction. But he can play domestic cricket in Sri Lanka, with the consent of the country's cricket board.

A bronze statue of Netaji Subhash Chandra Bose has been unveiled at the Indian cultural centre premises here in the presence of nine Indian National Army (INA) veterans, including three women. During a visit to Malaysia last year Prime Minister Narendra Modi had announced renaming of the Indian Cultural Centre here as Netaji Subhash Chandra Bose Indian Cultural Centre.It marked a historic moment for INA, the Rani of Jhansi regiment, Balak Sena and the veterans of the INA in Malaysia. The bust was unveiled by the traditional lighting of the lamp.Veteran of the Rani of Jhansi regiment Meenachee Perumal (90 years) sang gusty INA songs in Bengali and Tamil much to the admiration of the crowd which had filled the Cultural centre to the brim. All INA veterans were given commemorative plaques by the High Commissioner T S Tirumurti. Netaji Subhash Chandra Bose strode like a colossus across the Malay Peninsula inspiring numerous Malaysians, particularly those of Indian-origin, to join the army. Malaysia has the second largest Indian-origin community in the world of around two million. One of the most distinguished INA veteran in Malaysia, who passed away last year, was Capt. Janaki Athi Nahappan, who had served as deputy leader in the Rani of Jhansi regiment of the Indian National Army under Capt. Lakshmi Sahgal. The Indian Cultural Centre, inaugurated in 2010, showcases India's rich heritage and promotes multi-layered cultural exchanges between peoples of India and Malaysia. The High Commission of India hosted the first ever Festival of India in Malaysia last year. The bronze bust of Netaji was sculpted by Ram Sutar and sponsored by the Indian Council for Cultural Relations.  

Public sector aerospace and defence major Hindustan Aeronautics Limited (HAL) has unveiled indigenous Basic Trainer Aircraft (BTA) HTT-40 in Bengaluru. The aircraft made its maiden flight recently the HAL Airport in Bengaluru in presence of Union Defence Minister Manohar Parrikar. It was flown by Group Captain C Subramaniam and Group Captain Venugopal for about 10 to 15 minutes. HTT-40 : HTT-40 stands for Hindustan Turbo Trainer-40. It is two-seater aircraft designed and developed indigenously by the HAL. The aircraft weighs about 2,800 kg and has Turbo Prop engine of 950 shp class. It has indigenous content close to 80%. Almost 50% of the components on HTT-40 are manufactured by private players of the Indian aerospace manufacturers. HTT-40 will be used for the first-stage training for all flying cadets of the three services. The programme aims to achieve its operational clearance by 2018.

Prime Minister Narendra Modi along with Sri Lankan President Maithripala Sirisena inaugurated Duraiappah Stadium in Jaffna which was renovated by India. Sri Lankan President Sirisena was present at the stadium in Jaffna while PM Narendra Modi joined the event through video-conferencing from New Delhi. The newly renovated Duraiappah Stadium has been named in honour of a former Mayor of Jaffna late Alfred Thambirajah Duraiappah. The stadium was not in use since 1997 as it was damaged and neglected during the course of the various phases of the Sri Lankan civil war.  Indian government has renovated the stadium at a cost of over 7 crore rupees which has seating capacity of 1,850. It will provide the necessary infrastructure to promote sports and recreational activities.  It will play pivotal role in the overall development of the youth of the war-ravaged Northern Province of Sri Lanka.  

World Refugee Day was observed on 20 June 2016. It is observed annually to draw attention to the plight of refugees, celebrate their courage and resilience and renew commitment to solve refugee problems. It also recognises contributions of the refugees made to the countries that host them. Refugees : According to the United Nations 1951 Refugee Convention, refugee is a person who fled his or her home and country owing to a well-founded fear of persecution because of his/her race, religion, nationality, membership in a particular social group, or political opinion. Many refugees are in exile to escape the effects of natural or human-made disasters.Developing countries host four-fifths of the world’s refugees. The 48 Least Developed Countries prvide asylum to 2.3 million refugees. United Nations Resolution : The UN General Assembly via its resolution 55/76 on 4 December 2000 decided to observe the World Refugee Day on 20 June every year. On this day of adoption of the resolution the General Assembly also noted that 2001 marked the 50th anniversary of the 1951 Convention relating to the Status of Refugees, and that the Organization of African Unity (OAU) had agreed to have International Refugee Day coincide with Africa Refugee Day on 20 June. As per United Nations, every minute eight people leave everything behind to escape war, persecution or terror.

First International Day for the Elimination of Sexual Violence in Conflict was observed on 19 June 2016. The day was observed to raise awareness for the need to put an end to conflict-related sexual violence. It calls to honour the victims and survivors of sexual violence around the world and to pay tribute to all those who have courageously devoted their lives to and lost their lives in standing up for the eradication of these crimes. Conflict-related sexual violence : The term “conflict-related sexual violence” refers to rape, sexual slavery, forced prostitution, forced pregnancy, forced abortion, enforced sterilization and forced marriage. It also includes any other form of sexual violence of comparable gravity perpetrated against women, men, girls or boys that is directly or indirectly linked (temporally, geographically or causally) to a conflict. United Nations resolution : On 19 June 2015, the United Nations General Assembly (A/RES/69/293) proclaimed 19 June of each year the International Day for the Elimination of Sexual Violence in Conflict. The date was chosen to commemorate the adoption on 19 June 2008 of Security Council resolution 1820 (2008), in which the Council condemned sexual violence as a tactic of war and an impediment to peace building. UN Action : To end sexual violence during and in the wake of armed conflict, the United Nations Action Against Sexual Violence in Conflict (UN Action) brings together 13 UN entities. Launched in 2007, it represents a concerted effort by the United Nations to ‘deliver as one’ – improving coordination and accountability, amplifying advocacy and supporting country-level efforts to prevent conflict-related sexual violence and respond more effectively to the needs of survivors.UN Action is chaired by the Special Representative of the Secretary-General on Sexual Violence in Conflict, a post held by Zainab Hawa Bangura since September 2012.

Jeppiaar, a renowned politician-turned-educationalist and founder of Jeppiaar Educational Trust, passed away on 18 June 2016 following a brief illness at Chennai. He was 85. He was originally named as Jesadimai Pangiraj. He was a pioneer in the setting up of private engineering institutions in Tamil Nadu and was the founder chancellor of Sathyabama University. Jeppiaar :  He started his career as a police man. He was AIADMK secretary of the Chennai District from 1972 to 1987 and had also served as a Special Envoy to the then Chief Minister MG Ramachandran.  Besides, he successfully produced seven Tamil movies, directed one movie in Tamil and was featured as the hero in a Tamil flick. He was the only non-official member to have occupied the post of chairman of the Madras Water Supply and Sewage Board and later served as Director of Tamil Nadu Fisheries Development Corporation. Later, he began to be known as a pioneer for setting up engineering institutions at Chennai in the late 80s.He was the president of the consortium of professional arts and science colleges of Tamil Nadu. In 1987, he founded the Sathyabama Engineering College which later became Sathyabama University. He had a law degree from Madras University following which he pursued a Master of Arts degree from Mysore University and a his doctoral degree in Anna University on Water Resource Management.

Businessman Bipin R Patel was appointed as the President of Gujarat Chamber of Commerce and Industry (GCCI) for the term 2016-17 on 18 June 2016. He succeeds Rohit J Patel. The decision in this regard was taken during the annual general meeting (AGM) of the GCCI. In another development, Shailesh Patwari was appointed as the Senior Vice-President of the chamber. Gujarat Chamber of Commerce & Industry (GCCI) : The Chamber was founded in 1949 by Kasturbhai Lalbhai and Amrutlal Hargovandas, pioneers of industrial Gujarat. It is registered as a Society under the Society Registration Act, 1860. It works to create and sustain an environment conducive to the growth of industry and trade in Gujarat, partnering both of them through advisory processes. It has 2983 direct members which include over 176 Trade and Industry Associations and leading Chambers of Commerce of the State.

The Indian mixed recurve team of Deepika Kumari and Atanu Das has won silver at the Archery World Cup in Antalya on 19 June 2016 , Turkey. In the final clash at Konyaalti Beach Park, the Indian team lost to South Korea 1-5. Indian team trailed 0-2 in the first set against the top-seed Korean pair of Choi Misun and Ku Bonchan and went down 1-5 in the final. The Sixth seeded Indian duo reached final after beating second-seeded pair of Mauro Nespoli Guendalina Sartori 5-1 in straight sets in the semi-finals. Earlier, the women's recurve team of Deepika Kumari, Bombayla Devi Laishram and Laxmirani Majhi also went down in the bronze medal clash to Italy 1-5.

India and South Korea have launched a platform ‘Korea Plus’ to promote and facilitate Korean Investments in India. It was launched by the Union Commerce and Industry Minister Nirmala Sitharaman and her South Korean counterpart Joo Hyunghwan in New Delhi. The mandate of Korea Plus platform covers the entire investment spectrum including supporting Korean enterprises entering the Indian market for the first time. It will be also looking into issues faced by Korean companies doing business in India and policy advocacy to the Indian Government on their behalf.  It shall comprise a representative each from the South Korean Ministry of Industry, Trade and Energy (MoITE) and Korea Trade Investment and Promotion Agency (KOTRA). Besides, it also includes three officials from Invest India. A Memorandum of Understanding (MoU) for establishing Korea Plus was signed between two countries in January 2016. The MoU was an outcome of the official state visit of Indian Prime Minister Narendra Modi to South Korea in May 2015.

Haryana to have the country’s first-of-its-kind AYUSH University as the State cabinet has approved a proposal to upgrade Shri Krishna Government Ayurvedic College, Kurukshetra, as a university. Health Minister Anil Vij said an ordinance would soon be introduced for the university following which it would become functional. Undergraduate and postgraduate courses in all AYUSH systems  including Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homeopathy. These would include surgery, anatomy, physiology and ‘panchakarma’ among others.Students from other States would also be able to study in this university. These were affiliated with Pandit Bhagwat Dayal Sharma University of Health Sciences, Rohtak. However, all the 11 colleges would now be affiliated with Shri Krishna AYUSH University.  

California is now the sixth-largest economy in the world, surpassing France, thanks to a robust state economy and strong US dollar. California was the world's eighth-largest economy in 2014, Irena Asmundson, chief economist of the California Department of Finance, said in a phone interview. California did exceptionally well in 2015. France is the world's seventh-largest economy with a growth domestic product of $2.42 trillion, and India is the eighth-largest with $2.09 trillion, according to the latest International Monetary Fund data.California is home to diverse strong economies, including Silicon Valley and Hollywood. Manufacturing and agriculture have performed well despite a severe drought The most populous US state has outpaced the rest of the country on job growth, California's finance department said in its June bulletin this week. Gross state product was $2.46 trillion in 2015, with 4.1 per cent of growth in real terms, it added.US gross domestic product grew by 2.4 per cent in 2015.Growth slowed to 0.8 per cent in the first quarter of 2016.  

Mercedes' German driver Nico Rosberg won the European Grand Prix at the Baku City Circuit on19 June 2016, tightening his hold on the top spot in the Formula One drivers' standings. Ferrari driver Sebastian Vettel of Germany finished second and Mexican Sergio Perez, who drives for Force India, took third place, reports Efe. Rosberg's teammate, Briton Lewis Hamilton, finished in fifth place.Rosberg, who started from the pole position, has now won 19 F1 titles. Hamilton came into Baku fresh off wins in Monaco and Canada, crashed on Saturday and started the race from the 10th position.Finnish Ferrari driver Kimi Raikkonen took the fourth place, edging out Hamilton. Rosberg has 141 points in the F1 drivers' standings, while Hamilton has 117 and Vettel has 96. Result of 2016 European Grand Prix First Position :  Nico Rosberg (Germany) of Mercedes team.  Second Position: Sebastian Vettel (Germany) of Ferrari team.  Third Position: Sergio Perez (Mexico) of Force India team.  Fourth Position: Kimi Raikkonen (Finland) of Ferrari Team.  Fifth Position: Lewis Hamilton (United Kingdom) of Mercedes  Team Top 3 teams are : Mercedes, Ferrari and Force India.

The Union Ministry of AYUSH Ministry has released a Yog Geet (Yoga song) for celebrating the second International Yoga Day on 21 June 2016. The Yoga song was selected from the 1,000 entries were received through a national-level competition organised by the AYUSH Ministry. Facts : It is the three-minute-15-seconds song in Hindi short-listed based on the better lyrics. It has been produce and written by Dheeraj Saraswat. Music Director of the song was Sumanto Ray. It has been voiced by Gandhar T. D. Jadhav and Ms. Gatha Jadhav. The song also has backup vocals of Santosh Kshatriya and Sumanto Ray. The AYUSH Ministry had organised National level competition for selection of a Yog Geet as part of celebration of 2nd International Yoga Day. About 1,000 entries were received in this competition. The Ministry had short-listed 19 songs based on criteria laid down by it for selection of song and considering the relevance of the song on the recommendations of Committee constituted for the selection of the Yog geet. Further these short-listed songs were referred to the Committee OF Yoga Experts constituted for the celebration of 2016 International Yoga Day under the chairmanship of Dr. H. R. Nagendra.

Australia on 18 June 2016 won Hero Hockey Champions Trophy 2016 at the Lee Valley Hockey and Tennis Centre in London. It defeated India 1-0 in a shoot-out. The game finished with the score locked at 0-0 but later Australia scored a goal in the shoot-out reducing the score to 1-0 and won the final match to win the Gold medal. Australia’s Blake Govers missed a penalty stroke, while India was dominant in the third and fourth quarter before losing the shoot-out.With this victory, Australia claimed the Champions Trophy title for the 14th time.Germany defeated Great Britain to win the bronze medal. Final standings - Hero Hockey Champions Trophy 2016 1.Australia 2. India (won Silver Medal) 3.Germany 4.Great Britain 5.Belgium 6.Korea Individual Awards Best player: Tobias Hauke (Germany) Best junior player: Harmanpreet Singh (India) Best goalkeeper: George Pinner (Great Britain) Top scorer: Marco Miltkau (Germany)

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