Top Current Affairs of the day: 03 June 2016

Last Updated: June 3, 2016

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  • Sweden best country in the world India ranks th Report

    June 3, 2016
    Sweden has been voted as the best country in the world when it comes to serving the interests of its people and contributing to the common good of humanity while India figured low at 70th position on a list of 163 nations. According to the 'Good Country' 2015 index which seeks to measure how countries contribute to the global good, Sweden, relative to the size of its economy, does more "good" and less harm than any other country. The report ranked a total of 163 countries... Read More

    Sasikumar takes over as MD of State Bank of Travancore

    June 3, 2016
    CR Sasikumar has taken over as Managing Director of State Bank of Travancore (SBT), one of the associate banks of State Bank of India (SBI). Sasikumar started his career as a probationary officer with SBI in 1978 and has since held several key assignments. Prior to the present posting in SBT, he was Deputy Managing Director, Inspection & Management Audit, at SBI Corporate Centre in Hyderabad. The management of non-performing assets (NPAs) and achieving a growth of 12,000 crore in... Read More
    Category: Persons

    TERI signs MoU with IKSL

    June 3, 2016
    The Energy and Resources Institute (TERI) and a subsidiary of Indian Farmers Fertiliser Cooperative Limited (IFFCO) on 2 June 2016 signed a pact to work together in empowering farmers by providing them information about efficient use of natural resources to help them increase their productivity. TERI and IFFCO Kisan Sanchar Limited (IKSL) on Thursday signed a Memorandum of Understanding to work together with the objective to empower farmers and people living in rural India with pertinent and... Read More
    Category: Business & Economy

    Singapore International Arbitration Centre to open Representative Office at GIFT City

    June 3, 2016
    Singapore International Arbitration Centre (SIAC) in June 2016 signed a Memorandum of Agreement (MoA) with Gujarat International Finance Tec-City Company Limited (GIFTCL) and GIFT SEZ Limited (GIFT SEZ) to establish a representative office in India. The representation office will be located in the Gujarat International Finance Tec-City (GIFT City). The center will be instrumental in resolving international commercial disputes. It will also promote SIAC's arbitration services to Indian... Read More
    Category: International

    India announces to Double Investment in Clean Energy Research in next five years

    June 3, 2016
    India on 2 June 2016 announced its plan to double the investment in Clean Energy Research in next five years. At present, India is investing 72 million US dollars in Clean Energy Research and it seeks to double it to 145 million dollars. This announcement was made by the Union Minister for Science & Technology and Earth Sciences Dr Harsh Vardhan who led the Indian delegation at the 7th Clean Energy Ministerial (CEM7) and the inaugural Mission Innovation (MI) Meet.The CEM7 and MI meet was... Read More

    Commonwealth Boxing Council grants affiliation to Indian Boxing Council

    June 3, 2016
    The Indian Boxing Council (IBC) was granted affiliation by the Commonwealth Boxing Council (CBC) on 2 June 2016. The affiliation was unanimously endorsed by CBC. IBC is a licensing body for professional boxers in India which has Vijender Singh among others on its roster. The IBC so far conducted two fight cards and will hold its biggest event on 16 July 2016 in which Vijender Singh competes for the WBO Asia title. The CBC will formally register Raja as a Director in its Annual General... Read More
    Category: Sports

    Tom Alter quits as head of FTII s acting department

    June 3, 2016
    Noted actor Tom Alter has resigned from his post as head of the acting department in the Film and Television Institute of India (FTII). Alter emailed his resignation, citing preoccupation with other commitments that preventetd him from devoting time to the FTII assignment, FTII director Bhupendra Kainthola told PTI on 2 June 2016. According to sources in the premiere institute which has witnessed unrest on the campus on various issues during the last one year, a strained relationship with the... Read More
    Category: Persons

    Indian origin women in Forbes self made American women list

    June 3, 2016
    Two Indian-origin women on 1 June 2016 featured on the Forbes' second annual list of America's wealthiest and most successful self-made women include 60 trailblazers. It is list of women who crashed ceilings through invention and innovation. India-born Neerja Sethi ranked 16th on 'America's Richest Self-made Women' list while president and CEO of Arista Networks Jayshree Ullal is ranked 30th. Forbes ranked Diane Hendricks as number one. She is the owner of largest... Read More
    Category: Persons

    Odisha becomes first state to give social welfare benefits to transgender community

    June 3, 2016
    Odisha became the first state in the country to give transgender people social welfare benefits – such as a housing, pension and food grains. This move seeks to give the transgender community in the state same benefits as those living below the poverty line (BPL) in order to improve their overall social and economic status. Benefits to transgender community  : Members of the transgender community will be given BPL cards that will allow them to access benefits under various... Read More
    Category: Indian Affairs

    Johnson Johnson to buy Vogue International for about billion

    June 3, 2016
    Johnson & Johnson has acquire Vogue International for $3.3 billion, adding brands such as OGX shampoos and FX hair styling products to its consumer portfolio that includes Neutrogena and Clean & Clear. Vogue's hair care products have gained popularity, helped by colorful packaging that makes them stand out in drugstore aisles.
    The privately held company has focused on increasing its presence in drug stores and is spending more on buying shelf space than on consumer... Read More

    Navin Agarwal appointed NADA chief

    June 3, 2016
    Senior IPS officer Navin Agarwal was appointed chief of National Anti-Doping Agency (NADA), working for dope-free sports.
    Agarwal is a 1986 batch IPS officer of Jammu and Kashmir cadre.
    The Appointments Committee of Cabinet has approved Agarwal's appointment as Chief Executive Officer/Director General of NADA, an order issued by Department of Personnel and Training. He has been appointed to the post for five years.Agarwal is presently working in his cadre state Jammu and Kashmir... Read More
    Category: Persons

    Prime Minister Narendra Modi to inaugurate Friendship Dam in Afghanistan

    June 3, 2016
    Prime Minister Narendra Modi and Afghanistan President Ashraf Ghani jointly inaugurated the Afghan-India Friendship Dam in Herat province in Western Afghanistan. The dam was inaugurated during PM Narendra Modi’s first stop to Afghanistan as part of his five- nation tour which will also take him to Qatar, Switzerland, US and Mexico. The Afghan-India Friendship Dam was earlier known as Salma Dam. It is built on the river Chist-e-Sharif in western Herat neighbouring Iran and is earth and... Read More
    Category: International

    India among top five innovation destinations Report

    June 3, 2016
    Innovation centres in the country doubled to 16 in the six-month period till February this year, to leapfrog India into top 5 globally when it comes to innovation, a report by consulting major Capgemini. India has been rising in the ranks of favourite destinations to open innovation centers. Our previous research identified eight innovation centres in India in July 2015. India has since seen eight more innovation centers open their doors .India has leapfrogged to top 5 global locations for... Read More
    Category: Indian Affairs

    ICICI Bank cuts lending rate by

    June 3, 2016
    Country's largest private sector lender ICICI Bank has cut its marginal cost of funds-based lending rate (MCLR) by 0.05 per cent, to take it at par with the rates offered by SBI and HDFC Bank .This will help reduce the rate of interest to new borrowers .
    Under the new rate structure effective today, the bank will give out overnight loans to new borrowers at 8.95 per cent, while the one-year MCLR , to which its housing loans are linked, now comes down to 9.15 per cent.
    Changes have... Read More
    Category: Banking & Finance

    PFC acquires in Shree Maheshwar Hydel Power Corp

    June 3, 2016
    Power Finance Corp has acquired over 23 per cent stake in Shree Maheshwar Hydel Power Corp by invoking pledged shares and partially converting debt into equity.
    Upon invocation of pledged shares and partial conversion of sub debt, the total shareholding of PFC (Power Finance Corporation) in Shree Maheshwar Hydel Power Corporation Ltd (SMHPCL) stands 13,18,46,779 equity shares of Rs 10 each representing 23.32 per cent of paid up equity share capital of SMHPCL . PFC is one of the lenders of... Read More

    NK Chari is the new State Bank of Mysore MD

    June 3, 2016
    N.K.Chari, the new Managing Director of State Bank of Mysore, assumed office on May 30. Prior to his new position, he was the Deputy Managing Director of State Bank of India. Mr. Chari, a postgraduate in commerce from Delhi University, joined State Bank of India as a Probationary Officer in September 1978. He served as the Chief Operating Officer in National Banking Group, the retail branch network of State Bank of India. He has also headed the Mid Corporate Vertical of State Bank of... Read More
    Category: Persons

    India Tunisia Sign Agreements In IT Handicrafts Sectors

    June 3, 2016
    India and Tunisia have signed two MoUs for co-operation in Information Technology and promotion of traditional handicrafts. The MoUs were signed after the delegation level talks between the two countries in the presence of Vice President Mohammad Hamid Ansari and Tunisian Prime Minister Habib Essid in Tunis. The two sides also discussed the issue of spreading tide of terrorism and decided to enhance co-operation in counter terrorism. Mr. Ansari also invited 350 Tunisian citizens to India for... Read More
    Category: International

    Argentina retain top spot in FIFA rankings

    June 3, 2016
    Argentina (1st) and Belgium (2nd) continue to hold on to the top two spots in the latest FIFA rankings, with Colombia rounding up the top three. World champions Germany are fourth in the table with European Championship holders Spain now sixth. India have fallen down one spot to 163, while England have been replaced in the top 10 by Austria. Northern Ireland created history by rising to 25th in the rankings, their best-ever position, ahead of the ‘Green and White Army’s’... Read More
    Category: Sports

    German Parliament passes Resolution recognising Massacre of Armenians as Genocide

    June 3, 2016
    German Parliament, Bundestag, on 2 June 2016 passed a resolution recognising the massacre of Armenians by Ottoman forces during First World War (1915) as genocide. The motion was put forward for voting by Chancellor Angela Merkel's governing coalition of right and left and the opposition Greens. It was passed with support from all the parties in Parliament with only one abstention and one vote against. Effect of the resolution : The passage of the resolution resulted in creation of... Read More
    Category: International

    Constitution of National Company Law Tribunal and Appellate Tribunal Notified

    June 3, 2016
    Union Ministry of Corporate Affairs (MCA) has notified the constitution of the National Company Law Tribunal (NCLT) and National Company Law Appellate Tribunal (NCLAT) with immediate effect on 1 June 2016.  Justice SJ Mukhopadhaya, Judge (Retd.), Supreme Court of India appointed as the Chairperson of the NCLAT while Justice MM Kumar, Judge (Retd.) appointed as the President of the NCLT.Initially, NCLT will have eleven Benches, two at New Delhi and one each at Ahmedabad, Allahabad,... Read More
    Category: Indian Affairs

    India inks MoU with US to enhance cooperation in energy security other areas

    June 3, 2016
    India has signed a Memorandum of Understanding (MoU) with the United States to enhance cooperation in energy security, clean energy and climate change. The MoU will boost energy ties between the two countries through increased bilateral engagement. The objective of the MoU is to boost energy ties between the two countries through increased bilateral engagement and further joint initiatives. It intends to increase incentives for innovation including R&D and voluntary and mutually-agreed... Read More
    Category: International

    Dr R Seetharaman conferred with Green Economy Visionary Award

    June 3, 2016
    Dr. R Seetharaman, Group CEO of Doha Bank, has been honoured with the 2016 Green Economy Visionary Award. He has been awarded with this award for his contribution in environment-friendly activities and thereby promoting green economy for nearly two decades. The award was bestowed upon him by Mohammed Jarrah Al-Sabah, Chairman of Union of Arab Banks at the 2016 Union of Arab Banks (UAB) International Banking Summit held in Rome. Dr. R Seetharaman :  In 2015, business magazine Forbes had... Read More
    Category: Awards and Honours

    India joins the Hague Code of Conduct against Ballistic Missile Proliferation

    June 3, 2016
     India on 1 June 2016 joined the Hague Code of Conduct (HCoC) against Ballistic Missile Proliferation as its 138th subscribing state. India joined it by notifying HCoC Central Contact, Vienna, through diplomatic channels. India’s joining the Code signals its readiness to further strengthen global non-proliferation objectives. Its subscription reinforces its support for international missile non-proliferation. This will also help to increase transparency and strengthen... Read More
    Category: Defence



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