Current Affairs 16th June 2017 - Banking, SSC, UPSC Affairs

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India’s Skipper Virat Kohli created a record by becoming the quickest batsman to score 8000 runs in One-Day International Cricket (ODI). He defeated South Africa’s AB de Villiers record by seven fewer innings. He managed to cross the 8000 run mark in his 175th innings during India’s match against Bangladesh in ICC Champion’s Trophy semi-final in Birmingham. The most top scorers are Virat Kohli (175 innings), AB de Villiers (182 innings), Sourav Ganguly (200 innings), Sachin Tendulkar (210 innings), Brian Lara (211 innings).

Flipkart and eBay India approved by the Competition Commission of India (CCI) for subscription of Flipkart’s shares issued by its Singapore-headquartered entity. It raised United State Dollars 1.4 billion from Tencent Holdings, Microsoft Corp and eBay Inc. In April this year, eBay Inc. had invested $500 million into Flipkart and sold its India business to the company to pick up a stake in Flipkart.

The Reserve Bank of India (RBI) has placed Central Bank of India under prompt corrective action (PCA) which puts restricts on banking activities such as from lending, hiring and expanding branches.  RBI PCAs for four banks namely IDBI Bank, UCO Bank, Dena Bank and Indian Overseas Bank. The Central Bank has reported a loss of Rs 2439 crore for the financial year 2016-17.

The Union Minister of State for Road Transport & Highways and Shipping Shri Pon. Radhakrishnan opened the centre has implemented various schemes like Ujwala, Jan Dhan Yojana and Skill Development for the benefit of the weaker sections of the society. Welfare measures under Ujwala scheme, farm loan and cash incentives to students were also distributed to beneficiaries during the program. ‘Sabka Saath Sabka Vikas Sammelan’ organised by V.O. Chidambaranar Port Trust at Esakki Mahal in Tenkasi in Tirunelveli district of Tamil Nadu. The Sagarmala programme launched by the Prime Minister last year aims to increase the capacity of Major and Non-Major Ports to 3000 Metric tonnes per annum from the present 1054. Enayam Port Project is implemented Tamil Nadu become the first state to have four Major Ports.

Former Chief Justice of India Prafullachandra Natwarlal Bhagwati who is considered as a pioneer of Judicial Activism has passed away. He was a former chief justice of the Gujarat High Court and was appointed a judge of the Supreme Court in July 1973. He served as the 17th Chief Justice of India from July 1985 to December 1986.

The Fifth Bhupen Hazarika National Award 2017 awarded to an eminent writer from Arunachal Pradesh Yeshe Dorjee Thongshi. This award is presented to honour whose outstanding literary work at National and International level. The award has been instituted by Sarhad, a Maharashtra-based organisation. His famous novel includes Mauna Onth Mukhar Hriday (Silent lips, murmuring hearts) which won the Sahitya Akademi award in 2005.

Under the Niti Aayog, Ramanathan Ramanan appointed as the Mission Director of the Atal Innovation Mission. The Appointments Committee of the Cabinet approved his appointment in the rank of Additional Secretary to Government of India. He has been appointed on secondment basis from the Tata Consultancy Service (TCS), initially for a period of two years, an order issued by the Department of Personnel and Training (DoPT).

The United Nations General Assembly approved the establishment of a new United Nations office of counter-terrorism to help Member States implement UN’s global counter-terrorism strategy. The creation of new UN office of counter terrorism, UN will transfer the relevant functions out of the UN Department of Political Affairs (DPA) into the new body.  The Counter-Terrorism Implementation Task Force Office (CTITF) and the UN Counter-Terrorism Centre (UNCCT) currently under the DPA will be transferred to the new office together with existing staff and associated budgetary resources. To enhance coordination and coherence across the 38 Counter-Terrorism Implementation Task Force entities for ensuring balanced implementation of the four pillars of the UN Global Counter-Terrorism Strategy.

Delhi Metro Railway Corporation (DMRC) Principal Adviser E. Sreedharan has been selected for the Nanniyode Rajan Memorial Award. It is instituted by the Milma Thiruvananthapuram Regional Cooperative Milk Producers’ Union (TRCMPU) in memory of its former chairman. The award consists of a purse of Rs.25,000 and a trophy. The previous award recipients are E. Chandrasekharan Nair, PrayarGopalakrishnan, V. Kurian, M.S. Swaminathan, P.J. Joseph, Vakkom B. Purushothaman, K.C. Joseph, and C. Divakaran.

Private sector lender Yes Bank partnered with mobile payments switch TerraPay. The main aim is to enable real-time money transfer to bank accounts in India. It enables TerraPay’s network partners to make instant cross-border money transfer to bank accounts in India. The partnership with Yes Bank would help the migrants by providing a real-time, 24X7 and seamless money transfer service experience.

India ranked 60 on the Global Innovation Index (GII) 2017. The index has been co-authored by Cornell University, European Institute of Business Administration (INSEAD) and World Intellectual Property Organisation (WIPO). The top five positions are obtained by the following countries. The First place is got by Singapore. The second place is got by Sweden. The third place is got by Netherlands. The Fourth Place is got by the United States of America. The fifth place is got by the United Kingdom.

Sulabh International founder and chief Bindeshwar Pathak announced that an open defecation-free (ODF) village(Dhanduka village) in Mewat will be named after the US President Donald Trump. The move will help draw the attention of the world towards India’s cleanliness campaign. Pathak made the announcement at a community event organised in the suburbs of Washington DC.

China-led Asian Infrastructure Investment Bank (AIIB) approved $150 million equity investment loan to the India Infrastructure Fund. The $150 million investment would go the India Infrastructure Fund (IIF) The Infrastructure Fund aims to invest in mid-cap infrastructure companies in India. AIIB is a multilateral development bank backed by China and is seen as a rival to the World Bank and Asian Development Bank (ADB).

Yuvraj Singh became the Fifth Indian cricket player to feature in 300 One Day Internationals (ODI). After Mohammed Azharuddin, Sachin Tendulkar, Sourav Ganguly, and Rahul Dravid Yuvaraj obtained the pride. Yuvraj Singh started his ODI in the year 2000 scored 8500 runs and picked 100 wickets.

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