GK Eduwrap – 27th June 2015

National:

1. India has become most attractive investment destination in world after it was ranked first among 110 countries in a ranking of destinations for attractiveness to foreign investors. The ranking was based on baseline profitability index (BPI) 2015. In this edition of China was placed at the 65th position and US was placed at the 50th.

2. India has topped in the regional inflow of Foreign Direct Investment (FDI) in South Asia region during year 2014, accounting for 34 billion US dollars investments.

3. The United States (US) Supreme Court legalized same-sex marriage across the nation in a closely divided ruling by a 5 to 4 vote.

4. The Union Ministry of Civil Aviation approved a proposal for setting up a second international airport at Jewar in the National Capital Region.

5. Union Government requested the Chief Ministers of Bihar, Tamil Nadu and Rajasthan to encourage supply of free milk in the Mid Day Meal to school children.

Milk Products will be provided with an aim to increase the nutritional level in the Mid Day Meal for school children.

Sports:

1. India’s legendary batsman and Bharat Ratna recipient Sachin Tendulkar has been voted the ‘Best Test player’ of the 21st century in an online poll. The online poll was conducted by Cricket Australia’s website for the list of the 100 best Test players since 2000.

2. Veselin Topalov won the Norway Chess tournament 2015 by leaving behind Viswanathan Anand into a quick draw. Topalov secured 6½ points while Anand ended the tournament in second place with 6 points.

3. India’s tennis player Leander Paes on 24 June 2015 became the 47th player to play with 100 different partners on ATP Circuit.

Awards & Recognition:

1. Indian spiritual leader Sri Sri Ravi Shankar has been conferred with Colombia’s highest civilian award.

He was bestowed with this award for spreading the message of peace in society, reducing stress, inter-mediation in war and combating violence through yoga and breathing exercises.

Appointments:

1. Ujjwal Batria was appointed as the Chief Executive Officer (CEO) of French cement maker Lafarge’s India operations.

Economics:

1. The third-largest private lender, Axis Bank , on Friday lowered its base rate by 0.10 per cent to 9.85 per cent.

2. The Reserve Bank of India (RBI) extended the date to exchange pre-2005 bank notes till 31 December 2015.

RBI said that the notes can be exchanged for their full value. It has also clarified that all such notes continue to remain legal tender.

3. Two local entrepreneurs, namely Satyaki Saikia and Pulak Roy, in fourth week of June 2015 signed agreements with several civic bodies in Assam to do away with the plastic hazards under a solid-waste management project.

Basic objective of the project is to save society from hazards and pollution created by the huge amount of increasing municipality solid waste.

4. The Reserve Bank of India (RBI) decided to allow Authorised Dealer Category I (AD Category-I) Banks to borrow foreign currency from International/Multinational Financial Institutions (IFIs/MFIs).

5. China’s central bank cut its benchmark lending rates by 25 basis points to 4.85% on Saturday, the fourth reduction since November, as it gears up to lower borrowing costs and support a slowing economy.

6. The Andhra Pradesh Mining Development Corporation (APMDC) signed a Memorandum of Understanding (MoU) with an Australian firm NSL Mining Resources India Pvt Ltd for beneficiation of low-grade iron ore in Kurnool and Kadapa districts.

7. The Reserve Bank of India (RBI) released the Financial Stability Report (FSR) June 2015. It is the eleventh issue of its half yearly publication.’

8. India and United States have signed a series of agreements on health in order to enhance cooperation in health sector. The multiple areas covered under such agreement include cancer research, medical infrastructure development and application of new diagnostic technologies.

Budgets:

1. Delhi Budget 2015-16 was presented by the Deputy Chief Minister Manish Sisodia in the Vidhan Sabha. The budget has been termed as first Swaraj Budget and is the first participatory budget of India.

Main Highlights

The 41129 crore rupees budget comprises of 19000 crore rupees Plan Budget and 22129 crore rupees as Non-Plan Buget

A Swaraj Fund of 253 crore rupees is proposed to be created with an aim to prioritize implementation of the programmes selected by the citizens for the development of their area.

Proposes to set up a new agency Delhi Urban Development Agency (DUDA) in each revenue district to execute the works recommended by the citizens under the Swaraj Fund and Member of Legislative Assembly (MLA) Fund.

Proposes to provide a total financial support of 5908 crore rupees to local bodies in 2015-16 which is 14.4 percent of the total budget.

Proposes 1690 crore rupees as subsidy for measures like reduction of electricity bill and supplying free water up to 20000 litres per month.

Creation of buffer stock of onion and potato to be released during the scarcity period.

Proposes to launch free Wi-Fi services  in all colleges and rural areas during 2015-16.

Doubling the outlay on education by a whopping 106 percent, the budget proposes to spend 4570 crore rupees on education.

50 schools to be developed as Model Schools with modern facilities and infrastructure and 236 new schools have been planned.

Proposes to launch a Higher Education and Skill Development Guarantee Scheme wherein students can get loan up to 10 lakh rupees without any collateral or margin money.

Proposes 310 crore rupees for promotion of Vocational education and for setting up a Skill University for skill development diploma/degree courses.

Proposes to open three new ITIs in Rahola, Chhatarpur and Bakkarwala, five new polytechnics one each in North, North East, Central, New Delhi and West Districts of Delhi.

Proposes to upgrade Netaji Subhash Institute of Technology into a University and increasing its strength from 3000 to 12000 over five years.

Proposes to set up three new hospitals with total bed capacity of 1800 at Nangloi, Siraspur and Madipur.

Proposes to set up 500 Mohalla Clinics in all parts of Delhi in 2015-16.

Proposes to set up an Advance Trauma Care Centre in LN Hospital for sports injury rehabilitation with 100 trauma beds including  ICU and OT facilities.

Proposes to provide 1500 rupees subsidy on purchase of e-rickshaw so as to provide last mile connectivity.

Proposes to bring 10000 buses of different specifications to meet the differentiate need of the commuters from the private sector under the PPP Cluster Scheme.

Proposes to introduce Passenger Information System to provide the real-time information.

Proposes to launch a mobile app for Self Meter Reading and Bill Generation  to provide water and sewer services to citizens in efficient and friendly manner.

Proposes to create a Energy Conservation Fund in 2015-16 to finance energy efficient projects and street lighting, etc.

A new scheme Jan Jal Prabandhan Yojana will be launched to involve the community in management of water and sewerage services in a decentralized manner.

A new Water Treatment Plant is proposed to be set up at Iradatnagar and existing water treatment plants at Chandrawal and Wazirabad will be rehabilitated to increase the water production to meet the demand.

Science & Technology:

1. University of Central Florida (UCF) developed a nature-inspired technique for creating the world’s first full-colour, flexible thin-film reflective display.

This technology can help you switch your dress colour to a different colour in the blink of an eye, if someone at a wedding reception is wearing the same dress as yours.

Characteristic features of the display

The use of Polarization-independent liquid crystals (LC)-plasmonic system makes LC-plasmonic systems more attractive candidates for display, filter and other actively tunable optical technologies.

It does not need its own light source. Rather, it reflects the ambient light around it. Your camouflage, your clothing, your fashion items- all of that could change with this innovation.

This display is only about few microns thick, compared to a 100-micron-thick human hair. Such an ultra-thin display can be applied to flexible materials like plastics and synthetic fabrics.

 

Important Days:

1. The International Day Against Drug Abuse and Illicit Trafficking was on 26 June 2015 observed globally with the theme Let’s Develop our Lives, our Communities, our identities without Drugs.

Death:

1. Patrick Macnee, star of the legendary Avengers TV series, died on 25 June 2015 at his home in Rancho Mirage in California. He was 93.

Macnee was known for playing the role of secret agent John Steed in the 1960s television series The Avengers.

 

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