Current Affairs 5th September 2016 - Banking, SSC, UPSC Affairs

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The Haryana Government has announced the appointment of Rio Olympics bronze medallist Sakshi Malik as Wrestling Director at Maharshi Dayanand University in her native town Rohtak.  Haryana Sports and Youth Affairs Minister Anil Vij, said that she will be given Rs 21 lakh out of his discretionary fund and a plot measuring 500 square yards. Sakshi Malik is an Indian freestyle wrestler. At the 2016 Summer Olympics, she won the bronze medal in the 58 kg category, becoming the first Indian female wrestler to win a medal at the Olympics and the fourth female Olympic medalist from the country. She is a part of the JSW Sports Excellence Program, along with fellow female wresters Vinesh Phogat, Babita Kumari and Geeta Phogat.  

American tech giants Microsoft, Google and Salesforce have officially adopted the EU-US Privacy Shield framework.It will enable them to receive personal data from the European Union (EU) in compliance with the new standards.  They are now among the 103 companies that have the framework. The European Commission adopted the Privacy Shield in July to facilitate the transfer of personal data from the EU to the US. Microsoft Corporation is an American multinational technology company headquartered in Redmond, Washington, that develops, manufactures, licenses, supports and sells computer software, consumer electronics and personal computers and services.

Legendary Cricketer Sachin Tendulkar has been appointed as brand ambassador for anti- liquor and drug campaign by the Kerala government. According to the Excise and Labour Minister T P Ramakrishnan this was part of the government's move to create awareness among people against alcoholism and drug in the state.  Reiterating that the government was for restriction of alcohol use gradually, he said more de-addiction centres would be opened in district level.

Every year 5th September is being observed as National Teachers Day in India. Significance of Day : Observance of this day commemorates the birthday of India’s first Vice President and second President Dr Sarvepalli Radhakrishnan since 1962.  This year’s celebration: Various programmmes in schools and colleges throughout the country are being organised in the honour of teachers who shape the lives of students and show them the path of success. Dr Sarvepalli Radhakrishnan :  Dr Sarvepalli Radhakrishnan was born on 5 September 1888 in Thiruttani in then Madras Presidency of British India. He was an Indian philosopher and statesman and one the best known scholars in the field of comparative religion and philosophy in India in the 20th century.  He had tremendously contributed towards the new contemporary Hindu identity in the eyes of the ill-informed Westeners. He held great respect for teachers and always believed that teachers are real nation builders and thus should always be the best minds in the country. He was the first Vice President of India (in office from 1952–1962), Second President of India (in office from 1962 to 1967). He was honoured with Bharat Ratna (1954), British Royal Order of Merit (1963) etc.

India A  clinched the Quadrangular one-day cricket series. In the final clash in Mackay, Australia on 4 September 2016 , India defeated Australia-A by 57 runs. Electing to bat after winning the toss, India A put up 266 for 4 in their 50 over before bowling out the hosts for 209 in 44.5 over. Mandeep Singh was the star of India's batting performance with a 108-ball 95. He was named Player of the Match. Mandeep combined with captain Manish Pandey who scored 61 steered India to victory. India A have now claimed the last three 'A' series, defeating Australia A on each occasion in the finals in July 2014 and August 2015. The other two teams in the series were South Africa A and the Australian National Performance Squad.

Nico Rosberg won the 2016 Italian Grand Prix at the Autodromo Nazionale Monza in Monza on 4 September 2016, Italy. It is Rosberg’s seventh victory of the 2016 Formula One season. In this season, he has won the 2016 Australian Grand Prix, the 2016 Bahrain Grand Prix, the 2016 Chinese Grand Prix, the 2016 Russian Grand Prix, the 2016 European Grand Prix and the 2016 Belgian Grand Prix. Italian Grand Prix : The Italian Grand Prix is one of the longest running events on the Formula One calendar.The Italian Grand Prix was also one of the inaugural Formula One championship races in 1950. It has been held every year since then.  The 2016 Italian Grand Prix was the fourteenth round of the 2016 Formula One season. It marked the eighty-sixth running of the Italian Grand Prix and the eighty-second time the race was held at Monza.

The International Day of Charity was on 5 September 2016 observed globally with an aim to recognise the role of charity in alleviating human ‎suffering within and among nations, as well as of the efforts of charitable organizations ‎and individuals including the work of Mother Teresa.   The  day was first celebrated in 2013. On 17 December 2012,the United Nations General Assembly in its resolution A/RES/67/105PDF designated the 5 September, the ‎anniversary of the death of Mother Teresa, as the International Day of Charity.‎ On this day, the United Nations invites all Member States and all international and regional organizations, as well as civil society to commemorate the Day by encouraging charity, including through education and public awareness-raising activities.

Odisha government has signed a long-term lease agreement with Falcon Marine Exports for the operation of Jagatjore Shrimp Culture Project in coastal Kendrapara district on 3 September 2016. Falcon Marine Exports was the highest bidder of the project. The lease period will be for 15 years which, will fetch revenue of 13 crore rupees to the government. Jagatjore-Banapada Shrimp Culture Project : The project was first implemented in 1992-93 in Mahakalpada Tahasil of Kendrapara District executed by the State Fisheries Department. It was executed with loan assistance from World Bank with a cost of 25.23 crore. It was completed in 2000. Odisha took up the Shrimp culture in 2001, under which 81 lakh rupees was provided to the BPL beneficiaries as working capital. But, the project became defunct as only crop was partially successful. The government decided to revive the project, which was lying idle for years on the suggestions from the Seafood Exporters Association. The association requested the government to use the developed infrastructure.

Abhinav Bindra, India's lone individual Olympic gold medallist, on 4 September 2016 officially announced his retirement from shooting. He announced his retirement after playing for almost two decades. In Rio Olympics 2016, Bindra nearly missed a second Olympic medal by a whisker and came fourth.  Presently, he is the Chairman of a review committee formulated by the NRAI to examine and identify in a cold and ruthless manner the reason as to why shooting failed to secure any medal at Rio Olympic Games. Abhinav Bindra : Abhinav Bindra is the first Indian to win an individual Gold medal in Olympic since 1900 the year our country participated in the Olympic Games. Having started his Olympic journey in Sydney back in 2000, he qualified in three Olympic finals including his golden journey of Beijing in 2008 in his pet 10m air rifle, while he missed out in Sydney and London. In 2001, he was awarded with the Rajiv Gandhi Khel Ratna Award and Maharaja Ranjit Singh Award.He won the Uttaranchal Praman Patra Award in 2003. He was conferred with the Madhya Pradesh Khel Ratna in 2006.In 2006, he received Punjab Praman Patra Award.  He won Padma Bhushan in 2009, the same year he was also conferred with Rajiv Gandhi Award, Bharat Shiromani Award and India Youth Sports Icon.

The Department of Posts released a commemorative stamp in the city to mark Mother Teresa's canonisation in the Vatican on September 4.  Minister of State for Communications (Independent charge) Manoj Sinha has released the stamp at a function organised at Divine Child High School auditorium. A commemorative stamp is a postage stamp, often issued on a significant date, such as an anniversary, to honour or commemorate a place, event, person or object.  The Vatican had earlier chosen Mumbai-based graphic designer Karen Vaswani's logo as the official emblem for the canonisation ceremony.  Vaswani's design depicts the classic pose of Mother Teresa looking affectionately at a child whom she holds in her arms.

The Rajasthan High Court launched the e-stamp facility in its Jodhpur and Jaipur benches simultaneously. Rajasthan has become the fourth state in the country to provide the facility. Chief Justice ofRajasthan highCourt Navin Sinha inaugurated the e-CourtFees Centre in Jaipur while in Jodhpur the facility was launched by high Court judge Govind Mathur. From the barcode of e-stamp it can be found if it is correct, genuine and not pre-used. Thus, the facility is completely secure and reliable and there is no possibility of any forgery or tampering. Payment of court fees through e-stamps is a simple, easy and secure process. It is noted that in Rajasthan high court, present Court Fee Stamp System will continue for the time being along with e-stamping facility.

The state government has issued a new housing policy for Maharashtra in the run-up to the BrihanMumbai Municipal Corporation (BMC) election. It proposes redevelopment of buildings on 7,000 lots in 104 layouts of the state-run Maharashtra Housing & Area Development Authority (MHADA) in Greater Mumbai. A Floor Space Index (FSI) of four will be given for MHADA layouts.  A developer will get an FSI of three for redevelopment of a plot up to 2,000 sq mt; for an extra one-FSI, premium will have to be paid and housing stock shared with MHADA. The government expects at least 30,000 houses to be available with the new policy on MHADA lots in Greater Mumbai.   Redevelopment of old or dilapidated buildings in the suburbs will be carried out under a cluster scheme, currently applicable only to the island city of Mumbai.  At least 10,000 old or dilapidated buildings from the suburbs are expected to get a makeover. The CM added the government was formulating a policy for redevelopment of Asia's biggest slum, Dharavi in this city. And, that 85,000 slum dwellers on Mumbai airport land owned would be rehabilitated within three km of the existing location. New Policy : Redevelopment of buildings on 7,000 lots in 104 layouts of the state-run Maharashtra Housing & Area Development Authority (MHADA) in Greater Mumbai A developer will get an FSI of three for redevelopment of a plot up to 2,000 sq mt; for an extra one-FSI, premium will have to be paid The government expects at least 30,000 houses to be available with the new policy omMHADA lots in Greater Mumbai 85,000 slum dwellers on Mumbai airport land owned would be rehabilitated within three km of the existing location

The Odisha government on Saturday launched the Biju Kanya Ratna Yojana (BKRY) for the development of girls in three districts of the state. The objective of the scheme is to improve Sex Ratio at Birth (SRB) and Child Sex Ratio (CSR) in the three districts. The scheme will be implemented for three years in Ganjam, Dhenkanal and Angul districts on a pilot basis. The CSR has declined from 967 in the 1991 census to 941 in the 2011 census in Nayagarh, Dhenkanal, Angul and Ganjam districts. However, Nayagarh is covered under Beti Bachao Beti Padhao scheme. The state government plans to construct 24,000 Anganwadi centres in the state in the next four years.While the state has 71,306 Anganwadi centres, 31,175 have their own buildings and buildings for 15,650 are under construction.  

Bangladesh has named former Sri Lankan cricketer Thilan Samaraweera as their batting consultant for next month’s home series against England.  Samaraweera’s appointment came a day after former West Indies great Courtney Walsh agreed a three-year term to become the specialist pace bowling coach of the Bangladesh Cricket Board (BCB). Thilan Thusara Samaraweera is a Sri Lankan cricketer. Samaraweera plays international cricket for Sri Lanka and is in the side primarily for his solid right-handed batting but is also a capable off-spinner.

Mother Teresa was proclaimed a Saint by Pope Francis in a ceremony at the Vatican on 4 September 2016. Thousands of pilgrims attended the canonisation of Mother Teresa in St Peter's Square. During the ceremony, Pope Francis announced “We declare and define Blessed Teresa of Calcutta to be a saint and we enrol her among the saints, decreeing that she is to be venerated as such by the whole Church." With this, Mother Teresa became the fourth Indian to be made saint. Those who received the honour before her include Father Kuriakose Elias Chavara, Sister Euphrasia and Sister Alphonsa. Saint Gonsalo Garcia, though of Portuguese parentage, was born in India, and is considered an India born saint. Originally, individuals were recognized as saints without any formal process. Later, different processes, such as those used by the Roman Catholic Church and the Eastern Orthodox Church were developed.There are four steps to canonization that the saints have to go through: Servant of God    ,Venerable ,Blessed ,Saint Beatification of Mother Teresa : After Mother Teresa's death in 1997, the Holy See began the process of beatification, the first step towards possible canonisation. This process required the documentation of a miracle performed from the intercession of Mother Teresa. In 2002, the Vatican recognised as a miracle the healing of a tumour in the abdomen of an Indian woman, Monica Besra, after the application of a locket containing Mother Teresa's picture. Besra said that a beam of light emanated from the picture, curing the cancerous tumour. Mother Teresa was beatified on 19 October 2003, becoming known by Catholics as "Blessed."On 17 December 2015, the Vatican confirmed that Pope Francis had recognised a second miracle attributed to her, involving the healing of a Brazilian man with multiple brain tumours. Saint Teresa of Calcutta : Saint Teresa of Calcutta was an Albanian-Indian Roman Catholic nun and missionary.After having lived in Macedonia for eighteen years, she moved to Ireland and then to India, where she lived for most of her life. In 1950, Teresa founded the Missionaries of Charity, a Roman Catholic religious congregation.In 2012, the Missionaries of Charity consisted of over 4500 sisters and was active in 133 countries. The Missionaries of Charity run homes for people dying of HIV/AIDS, leprosy and tuberculosis, soup kitchens, dispensaries and mobile clinics, children's and family counselling programmes,  orphanages and schools.In 1962, she won the Ramon Magsaysay Peace Prize.In 1979, she was honoured with the Nobel Peace Prize.  

Canada’s British Columbia province has become the first foreign government to issue of masala bonds, a rupee-denominated bond. It had issued Rs 500 crore rupee denominated overseas bonds (masala bond) on the London Stock Exchange (LSE) and successfully raised $75 million (about Rs 500 crore).  British Columbia’s issued masala bond was priced to yield 6.62 % to semi-annually with a three-year tenor in the LSE. By issuing masala bond, it has secured high-quality investor support from across Europe, Asia and America. Masala Bonds are rupee-denominated bonds issued to overseas buyers. It is aimed at boosting investments into India’s infrastructure sector. British Columbia by issuing the masala bond has well-positioned confidence of investors outlook for India’s infrastructure sector. Thus, it signifies major participation of the rupee in the international markets and highlights prosperous and favourable conditions of Indian economy.

The Election Commission of India (ECI) has granted national party status to All India Trinamool Congress (TMC) Party led by West Bengal Chief Minister Mamata Banerjee. The party has fulfilled the required conditions to become a national party after getting status of state party in four states.  The TMC is ruling the West Bengal Government and has its presence in north eastern states Manipur, Arunachal Pradesh and Tripura. With this recognition, TMC became seventh national party in the country along with Bharatiya Janata Party (BJP), Congress, Bahujan Samaj Party (BSP), Nationalist Congress Party (NCP), Communist Party of India (CPI) and Communist Party of India-Marxist (CPM). Eligibility to get National Party Status :  If any political party Secures at least 6% of the valid votes polled in any four or more states, in the Lok Sabha election or to the State Legislative Assembly and   In addition, it wins at least 4 seats in the Lok Sabha from any State or States.  Wins at least 2% seats in the Lok Sabha (i.e., 11 seats in the existing Lok Sabha having 543 members) and these members are elected from at least three different States. OR (iv) It is recognised as a State party in at least four States. Recently in August 2016, the ECI had brought changes in Paragraph 6C of the Election Symbols (Reservation and Allotment) Order, 1968 to review the status of political parties every 10 years, instead of present norm of five years. For instance, the status of a party (either national or state party) that did not perform up to the required criteria in 2014 election will be reviewed in 2024. The changes has given major reprieve to three political parties (BSP, NCP and CPI) which were facing possibility of losing their “national party” status and all benefits associated with it despite not having met criteria in the 2014 Lok Sabha election.

Gumthala Garhu Village near Pehowa in Kurukshetra district in Haryana became the first Wifi hotspot village in Haryana circle. The service was inaugurated by Chief Minister Manohar Lal from Chandigarh under the bulk plan of Bharat Sanchar Nigam Limited (BSNL) to provide internet services to rural areas. The Wifi hotspot facility at the village uses bandwidth of 10 mbps through BSNL’s state-of-the-art network. In this hotspot, data can be accessed by multiple users simultaneously. Ten outdoor and one indoor access points have been installed to cover the village.  The coverage from each access point is about 100 meters. BSNL Haryana circle has planned to have 238 WIFI hotspot locations with 1072 access points in the state. The project would be implemented during the current financial year.

The Union Ministry of Home Affairs (MHA) has approved the use of Pelargonic Acid Vanillyl Amide (PAVA) shells as an alternative to pellet guns for crowd controlling in Jammu and Kashmir.  PAVA sheels also called Nonivamide are chilli-filled grenades. They are less lethal compared to pellet guns and immobilises the target temporarily rather than causing physical injury. The PAVA shells contain Pelargonic Acid Vanillyl Amide, an organic compound (also known as Nonivamide) found in chilli pepper. It derives its name from the compound.  It causes severe irritation and paralyses for a short duration It is considered to be bio-safe and less lethal than pellet guns but equally effective. The PAVA shells once fired burst out to temporarily stun, immobilise the target (protesters) in a more effective way compared to tear gas shell or pepper sprays. However, MHA has not completely banned use of Pellet Guns and they will be used in rarest of rare cases to control violent crowd. The approval for use of PAVA shells was based on recommendation of seven-member Expert Committee headed by TVSN Prasad, Joint Secretary of MHA. The committee was constituted to explore other possible alternatives to Pellet Guns as Non-lethal Weapons. Pellet guns had gained widespread attention and criticism after more than 1,000 protestors had sustained injuries especially in the eyes during the clashes with security forces. The clashes in the Kashmir valley had erupted following the killing of notorious terrorist and commander of Hizbul Mujahideen Burhan Wani in July 2016.

India and Vietnam have singed 12 agreements in different areas of cooperation to boost bilateral relations. These agreements were signed after Prime Minister Narendra Modi held wide-ranging talks with his Vietnamese counterpart Nguyen Xuan Phuc in Hanoi. This was the first bilateral Prime Ministerial visit from India to Vietnam in 15 years since the visit of then Prime Minister Atal Bihari Vajpayee in 2001. Exploration and use of outer space for peaceful purposes, double taxation avoidance, co-operation on UN peacekeeping operation. Health, cyber security, advanced IT training, sharing of shipping information between the Navies of the two countries and mutual recognition of standards.  PM Narendra Modi also announced a line of credit (LoC) of 500 million US Dollars to Vietnam to facilitate deeper defence cooperation.  The LoC will be used by India’s L&T to build offshore high speed patrol boats for Vietnamese Coast Guards. Besides, India and Vietnam also have agreed to elevate bilateral relations from Strategic Partnership to Comprehensive Strategic Partnership. This was announced in a joint press statement by Prime Minister Narendra Modi and his Vietnamese counterpart Nguyen Xuan Phuc in Hanoi. Besides, India and Vietnam also have agreed to elevate bilateral relations from Strategic Partnership to Comprehensive Strategic Partnership. This was announced in a joint press statement by Prime Minister Narendra Modi and his Vietnamese counterpart Nguyen Xuan Phuc in Hanoi.  The two countries also agreed to celebrate 2017 as the Year of Friendship. Prime Minister Narendra Modi also visited the 15th century QUAN SU PAGODA in Hanoi, the headquarters of Buddhist Sangha of Vietnam.  

Mukund Chaudhari took over as Chairman and Managing Director (CMD) of MOIL Ltd on 1 September 2016, a miniratna company. Prior to taking over as CMD, Chaudhari served as the Director (Finance) of MOIL. Mukund Chaudhari :  Mukund Chaudhari is a chartered accountant by profession.He holds a long experience of over two and half decades in private and public sectors undertakings. He had also worked in the private sector. After joining MOIL in 1997, he held various positions in the company.He was inducted in the Board of Directors of MOIL in August 2012 as Director (Finance).He has varied experience in corporate financial management and he is instrumental for introduction of ERP system in MOIL recently.

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