Current Affairs 4th March 2016 - Banking, SSC, UPSC Affairs

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Veteran actor-director Manoj Kumar, best known for his patriotic films "Purab Aur Paschim", "Upkar" and "Kranti", will be conferred the Dadasaheb Phalke award for his contribution to the film industry.The 78-year-old actor became the 47th recipient of the award, the highest recognition in Indian cinema which consists of a golden lotus, a cash prize of Rs 10 lakhs and a shawl.The actor is best known for his films "Hariyali Aur Raasta", "Woh Kaun Thi?", "Himalaya Ki God Mein", "Do Badan", "Upkar", "Patthar Ke Sanam", "Purab Aur Paschim", "Shaheed", "Roti Kapda Aur Makaan" and "Kranti".Kumar was born as Harikrishna Giri Goswami in Abbottabad, which was then a part of Pre-Independent India.He initially started as a romantic hero following his debut in 1960 with "Kaanch Ki Gudia" but later shifted focus to acting and directing films with patriotic themes so much so that fans started calling him "Bharat Kumar". The actor won a National Film Award for "Upkaar" and was honoured with the Padma Shri by the Government of India in 1992.

The Reserve Bank of India (RBI) on Thursday released a draft regulatory framework to allow the entry of a new kind of non-banking finance company (NBFC) that can act as an account aggregator.Account aggregators help in collecting and providing the information of customers’ financial assets in a consolidated, organised and retrievable manner to the customer or any other person as per the instructions of the customer. The investors will be able to avail the service of an account aggregator purely at their option.Only companies registered with the RBI as NBFC–AA will be able to undertake the business of an account aggregator and the net owned fund of such companies should not be less than R2 crore, the central bank stated.Account aggregation services will be provided under specific application by the customer for availing such services and would be backed by appropriate agreements/authorisations

UNHCR, UNICEF launched a Twenty Child and Family Support Hubs, known as Blue Dots. These support centers will acts as a special support centers for children and families along the most frequently used migration routes in Europe.They will also help in protecting the growing numbers of children and others with specific needs arriving in Europe. The hubs aim to support vulnerable families on the move, especially the many unaccompanied or separated children at risk of sickness, trauma, violence, exploitation and trafficking.The hubs will be located in selected strategic sites  border entry/exit points, registration sites, some strategic urban centres as well as through mobile/outreach teams.The first hubs are now operational or about to open in Greece, the Former Yugoslav Republic of Macedonia, Serbia, Croatia and Slovenia.All the 20 Blue Dot hubs will be operational within the next three months.These hub included many services

Freedom fighter and West Bengal's senior most Left leader, Ashok Ghosh, who was state secretary of the All India Forward Bloc (AIFB) since 1951, He was died on 3 march,2016.He has Joining India's freedom movement in the 1940s, Ghosh was deeply inspired by Netaji Subhas Chandra Bose's political philosophy and revolutionary ideals.In 1948, Ghosh became national convenor of AIFB, founded by Bose, and took over as its West Bengal unit secretary in 1951.One of the founding members of the Left Front in West Bengal, Ghosh played a prominent role in formulating the policies of the coalition which ruled Bengal from 1977 to 2011.

The world's most expensive train station opened in New York, nearly $2 billion over budget and years behind scheduled.The World Trade Center Transportation Hub, which is expected eventually to serve more than 200,000 commuters daily, is built next to the site of the Twin Towers, which were destroyed in the terror attacks of September 11, 2001.The building has an elliptical shape, reaching for the sky like the wings of a bird. The space measures 350 feet (107 meters) long by 115 feet (35 meters) at its widest point.The center connects the PATH commuter rail to New Jersey with New York subway lines and provides indoor pedestrian access to the Trade Center towers.

Vistara, India’s fastest-growing full service airline, Sanjiv Kapoor on board as its new chief strategy and commercial officer. Sanjiv will be responsible for managing a wide portfolio of Vistara’s commercial and planning functions, including strategy development, network planning, pricing and revenue management, sales and distribution, product development, branding, marketing and customer experience. Sanjiv will also be responsible for in-flight services and ground operations. He succeeds Giam Ming Toh who is returning to Singapore Airlines on completion of his deputation with Vistara. Sanjiv joins Vistara with over 19 years of experience in the airline industry, in various leadership and consulting roles. His latest assignment was as the chief operating officer at SpiceJet.

India got off the blocks at the 2016 ISSF World Cup in Bangkok , courtesy a Gold from ace pistol shooter Jitu Rai in the Men’s 50m Air Pistol event.The 28-year-old fired a final tally of 191.3 to finish 4.8 ahead of second placed Wei Pang of China, who won silver. His fellow countrymen, Zhiwei Wang won the bronze with a score of 165.8.This is the Indian’s 5th World Cup medal and a second one in the 50m Pistol event. He had won the Silver in this event at the 2014 Maribor World Cup and he also has a Gold, Silver and a Bronze in the 10m Air Pistol event at World Cups.

Union Tribal Affairs Minister Jual Oram today launched the revamped website of National Commission for Scheduled Tribes.The new website is a repository of information for research scholars, students, media persons and the common man.The upgraded website is in compliance with the guidelines and has additional features for creating effective awareness and communication of constitutional provisions and safeguards provided to the Scheduled Tribes."It also aims to assist the various stakeholders including petitioners, complainants to access the findings of the Commission in respect of such petitions or complaints and reviews undertaken by the NCST of Central Ministries, State Governments, PSUs which are placed and updated, from time-to-time."Open Source Technology, cloud server of GOI in place of earlier server of NI

Prime Minister Narendra Modi launched Rs 10,200 crore Setu Bharatam project, which aims to make all national highways free of railway crossings by 2019, at Vigyan Bhawan here. Under the project, 208 places have been identified for construction of rail over-bridges or underpasses. Nearly 10200 crore rupees will be spent on it.Road and transport Ministry, there are around 1500 bridges that are over 50 to 60 years old. The Ministry has prepared a plan to demolish such bridges and rebuild new ones with more capacity. The cost of rebuilding the old bridges is expected to be about 30000 crore rupees.

Former Lok Sabha Speaker PA Sangma passed away on March 03,2016. He was 68. Sangma was the Speaker of the Lok Sabha from 1996 to 1998.He was also a chief minister of Meghalaya from 1988 to 1990 .Purno Agitok Sangma was born on 1 September 1947 in village Chapahati in the picturesque West Garo Hills District of the State of Meghalaya in North East India.He was a co-founder of the Nationalist Congress Party (NCP) was repersenting Tura (ST) constituency in the West Garo Hills district in the current Lok Sabha.Lok Sabha was adjourned till March 8 after paying tribute to Sangma

The United Nations Security Council has unanimously adopted a resolution significantly expanding international sanctions against North Korea. The new measures amount to some of the toughest against North Korea in two decades. The vote is in response to North Korea’s nuclear test last month. The sanctions will result in all cargo going to and from the country being inspected, while 16 new individuals and 12 organisations have been blacklisted.In addition to the mandatory cargo inspections the sanctions also include a ban on all sales or transfers of small arms and light weapons to North Korea, and expulsion of diplomats from the North who engage in “illicit activities”.The US, its Western allies and Japan were eager for the new sanctions to be speedily put in place, and pushed for them to be as wide-ranging as possible. But China made clear that it did not want to impose measures that could jeopardise the stability of North Korea and cause its economy to collapse.

South Korea's parliament passed the country's first anti-terror bill. Almost 300 parliamentary seats, only 156 ruling Saenuri Party lawmakers and one minority party member participated in a vote on the country's first anti-terrorism legislation, which was passed through the National Assembly with 156 in favour.The country's filibuster, invoked for the first time in 38 years, was aimed at blocking the passage of the bill which triggered fears that it may grant excessive power to the National Intelligence Service (NIS).A total of 38 opposition lawmakers participated in the filibuster that ran for 192 hours and 25 minutes.The security bill proposes to set up a new anti-espionage unit reporting to the chief of the country's spy agency and will coordinate surveillance, analysis and investigation into leads that point to a possible attack. 

London has been ranked as the world’s most expensive city to live and work in, ahead of New York and Hong Kong, according to a UK study that puts Mumbai at 17th.The only India city on the list of top 20, Mumbai is ranked 17th ahead only of Berlin, Johannesburg and Rio de Janeiro by the UK real estate firm Savills survey that was released on Monday.It compares the total annual cost of renting both residential and office accommodation per person in some of the world’s leading cities.London is 18 per cent more expensive than it was five years ago, and has been ranked at the top of the index since 2014.The cost of living in the British capital comes to more than double the cost of other English-speaking cities such as Sydney, Los Angeles and Chicago.“The highest ranking global cities, London and New York, are also the most expensive for businesses and workers to occupy... World cities can become a victim of their own success when rents rise to the point where affordability becomes an issue

The Cabinet Committee on Security (CCS) on Tuesday cleared a proposal to acquire two more Airborne Warning and Control Systems (AWACS) at the cost of Rs.7,500 crore under a tripartite contract with Israel and Russia.The Indian Air Force already had three such platforms, which give an ability to see deep inside enemy territory. All three AWACS, comprise Israeli-made radars mounted on Russian heavy transport planes IL-76.The CCS chaired by Prime Minister Narendra Modi also approved a proposal for induction of the fourth regiment of supersonic cruise missile Brahmos and two more of Pinaka rocket launchers in the army.

The Mumbai under-23 team clinched the Col CK Nayudu Trophy by defeating Madhya Pradesh at the Holkar Stadium, Indore. Mumbai bowled out Madhya Pradesh for 442 and took a first innings lead of 135 runs to be declared the winner. This was Mumbai’s second big title of the season, having pocketed the Ranji Trophy for the 41st time earlier.Winning team’s right-arm seam bowler Tushar Deshpande made the most of the third new ball in the closing minutes of the game on 2 March 2016. The Mumbai team, winners of the 2015, 2016, U23 Col C K Nayudu Trophy, will be awarded with a cash prize of 20 lakh rupees on clinching the title.

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