GK Eduwrap – 12th June 2015

National:

1. The Union Cabinet, chaired by Prime Minister Narendra Modi, on 10th June 2015 gave its approval for the proposal to promulgate the Negotiable Instruments (Amendment) Ordinance, 2015.

Key Features of Negotiable Instruments:

(i). Cases of bouncing of cheques can be filed only in a court in whose jurisdiction the bank branch of the payee (person who receives the cheque) lies.

(ii). If a complaint against a person issuing a cheque has been filed in the court with the appropriate jurisdiction, then all subsequent complaints against that person will be filed in the same court, irrespective of the relevant jurisdiction area.

(iii). If more than one case is filed against the same person before different courts, the cases will be transferred to the court with the appropriate jurisdiction.

(iv). It seeks to amend the definition of cheque in the electronic form. While the parent act defines it as a cheque containing the exact mirror image of a paper cheque and generated in a secure system using a digital signature, the amendment bill re-defines it as a cheque drawn in electronic medium using any computer resource and which is signed in a secure system with a digital signature, or electronic system.

2. Amazon, the global e-commerce and cloud services firm, on 10th June 2015 opened a Fulfilment Centre near Hyderabad in Telangana.

3. Indian Institute of Science, Bangalore upstaged Panjab University as India’s number one university, while IISc and IIT Bombay, were the two new entrants in the top 100 of the Times Higher Education University Asia Rankings 2015, released on Wednesday.

 

Appointments and Renunciation (Stepping Down):

 

1. Delhi Jal Board vice-chairman Kapil Mishra was on 10th June 2015 named as the new Law Minister of Delhi.

2. Global hospitality chain Accor Hotels has appointed Gaurav Bhushan as Chief Development Officer.

3. Manish Sabharwal replaces Rohan Narayana Murthy in top education advisory board.

4. Flipkart appoints Ravi Garikipati as ‘Entrepreneur in Residence’.

5. Twitter CEO Dick Costolo will step down on July 1.

Dick Costolo is stepping down, under pressure from investors frustrated by the Internet company’s slow growth and seemingly constant shake-ups in its upper ranks. Costolo will be replaced by co-founder Jack Dorsey on an interim basis.

 

Awards & Recognition:

1. Punjab Chief Minister Prakash Singh Badal was on 10th June 2015 conferred with the prestigious 14th Sant Namdev National Award at a function in Pune, Maharashtra.

He was awarded for promoting peace, communal harmony and universal brotherhood.

 

Economics:

1. Tamil Nadu Government and Adani Power Ltd signed a Power Purchase Agreement (PPA) to set up a 200 MW solar power plant (worth rupees 1400 crore) in Ramanathapuram district.

2. African leaders on 10th June 2015 signed the Tripartite Free Trade Area (TFTA) pact paving the way for creating Africa’s largest free-trade zone.

3. Reserve Bank of Indian has allowed non-resident Indians (NRIs) to invest in chit fund to encourage flow of capital into the country.

Decision in this regard was taken after RBI had revised the guidelines for subscription to the chit funds in consultation with the government.

4. HDFC Bank on 10th June 2015 launched PayZapp, a complete digital payment and purchase solution.

The mobile app will allow customers to manage credit or debit card details, recharge and pay bills, use virtual card, send money through a wallet and shop.

Death:

1. The creator of Chandigarh’s Rock Garden Nek Chand Saini (Also an awardee of Padma Shri in 1984) died in Chandigarh on 12 June 2015. He was 90.

2. German composer and Big Band leader James Last died on 9th June 2015 in Florida after battling a short illness. He was 86.

3. James sold more than 80 million records worldwide and was best known for pop hits in a big-band style.

4. Legendary English actor, singer and writer Sir Christopher Lee passed away in London, United Kingdom. He was 93.

 

Science & Technology:

1. The Indian Space Research Organization (ISRO) was presented with the Space Pioneer award for the year 2015 in the Science and Engineering category during the 34th Annual International Space Development Conference held at Toronto in Canada during 20th May- 24th May 2015.

2. NASA scientists on 10th June 2015 developed tool to predict destructive solar storms. The model will help predict solar geomagnetic storms 24 hours in advance.

The International Renewable Energy Agency (IRENA) has announced that in past one decade renewable energy targets have quadruple globally.

World’s largest search engine giant Google Inc has launched a new lite mode of Google search engine for India and Brazil on 2 Generation (2G) network.

This lite mode has been developed by keeping the 2G network speed in mind. Before launching this feature in India, Google had tested it in Indonesia, where the network speed is similar to India.

The new lite mode of Google search engine loads pages four times faster than the traditional webpages and consume 80% less data and penetrate 50% faster connection compared to before. This feature is currently limited to Android smartphones.

Scientists and taxonomists in India have discovered 349 new species of flora and fauna in the past one year. Of these discovered flora and fauna 173 species are genera of plants and 176 species of animals.

The list of new discovered species was published by the Botanical Survey of India (BSI) and the Zoological Survey of India (ZSI) both headquartered in Kolkata, West Bengal.

 

Environment:

1. As per recently published study, camels aged less than four years might be a major source of Middle East Respiratory Syndrome (MERS). The study was published in the journal Emerging Infectious Diseases.

The research study was undertaken by international team who had looked for evidence of current or past infection in more than 800 dromedary camels (also called Arabian camels).

In this study researchers have found out that –

(i). More than 90% of camels were infected by MERS virus the age of two and virus shedding was more common in calves than in adults.

(ii). Changes in animal husbandry may reduce the occurrence of human MERs infections.

(iii). Dromedary camels that are living in the Middle East have antibodies that recognized MERS virus protein which is a strong sign of past infection.

(iv). However the spread of MERS virus in humans is still unknown but it might spread due direct contact with body fluids from infected camels.

(v). Alternatively, it might have spread by drinking unpasteurized camel milk and possibly by transfer through the contaminated virus present in the saliva of an infected calf to their mothers.

 

Sports:

1. FC Barcelona won the 2015 Champions League title on 6th June 2015 by defeating Juventus FC 3-1 in the final match held at the Berlin’s Olympic Stadium in Germany.

2. Cricketer Mahendra Singh Dhoni is the only Indian to find place in the Forbes magazine’s list of 100 World’s Highest-Paid Athletes 2015.

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