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National – Across the India:
1. The Union Government has eased foreign direct investment (FDI) norms for nine sectors to give impetus to job creation and ease of doing business in the country.
A high-level meeting chaired by Prime Minister Narendra Modi has taken the decision.
By easing the FDI norms, India becomes the most open economy in the world for FDI.
FDI Limits in some important sectors are:
Food products: 100% FDI
Defence Sector: 49% FDI
Pharmaceutical Sector: 100% FDI
Aviation Sector: 100% FDI
Animal Husbandry: 100% FDI
2. Union Government gave its final approval for setting up of a Greenfield Electronic Park which is a dedicated IT hub near Bhubaneswar.
It is to be set up under Electronic Manufacturing Cluster (EMC) scheme of the Centre, will come up on 203 acres of land.
It will provide employment potential of 10,000 to 12,000 persons and common facilities for training, incubation and R & D activities to the interested entrepreneurs.
3. The International Astronomical Union (IAU) has named a crater on Mars as Langtang.
It was done after one of the villages most affected by the devastating 2015 earthquakes in Nepal.
The Langtang crater on Mars is 9.8 kilometers wide and has scientific importance.
IAU is a collection of professional astronomers, at the PhD level and beyond, active in professional education and research in astronomy.
4. Nepal’s Deputy Prime Minister Kamal Thapa visited New Delhi on a three day visit to India
This is the fifth Visit to India by Nepal Minister
The two Nations signed nine agreements in areas of transport, connectivity and cooperation in the energy sector.
Thailand Prime Minister Chan-o-cha made visit to India and arrived in New Delhi starting from 16th June to enhance bilateral cooperation between two Nations.
5. Maharashtra Government has accorded minority status to Jews in the state.
This decision was taken as per the provisions of the Maharashtra State Minorities Commission Act, 2004.
Decision in this regard was taken at the state cabinet meeting chaired by Chief Minister Devendra Fadnavis in Mumbai.
With this, Maharashtra becomes second state in the country to accord minority status to Jews after West Bengal.
6. The Assam Government has launched a unique initiative ‘Maitree Ek Gyan Yatra’ to link primary schools to high schools to colleges.
Initially, it will be launched at in Sivsagar district of the state and later will be implemented across the state.
The purpose of the programme is to change the mindset of the teachers, as in some places in states teachers of a school considered it below their dignity to teach the lower level students.
7. The Punjab government has launched a special fund “Mukh Mantri Punjab Hepatitis C Relief Fund”.
It was raised to provide free treatment for patients affected by Hepatitis C.
With this initiative, Punjab became the first Indian state to provide free treatment to confirmed cases of Hepatitis C.
The fund will have an initial corpus of 20 crore rupees.
This fund will provide all the residents of Punjab affected by Hepatitis C free treatment.
8. The Union Cabinet has approved proposal of extending the deadline for implementing the Ujjwal DiscomAssurance Yojana (UDAY).
The deadline will be completing on March 31, 2017.
States shall take over 75% of ailing DISCOM (Power Distribution companies) debt as on 30th September, 2015 by 31st March, 2017 by issuing Bonds.
The UDAY scheme aims at bringing ailing power discoms to a state of operational efficiency, with state governments taking over up to 75% of their respective debt and issuing sovereign bonds to pay back the lenders.
9. The Union Cabinet has given its approval for a special package for employment generation and promotion of exports in Textile and Apparel sector.
Prime Minister Narendra Modi has taken the decision in the Union Cabinet meeting in New Delhi.
According to the Employee Provident Fund (EPF) Scheme Reforms Union Government will bear entire 12% EPF Scheme contribution of the new employees for first 3 years. Provided they should earn less than 15,000 rupees per month.
10. Mercer’s Cost of Living Survey 2016 was released.
According to the report Mumbai was declared costliest city in India.
Asia dominates the top 5 of 2016 Cost of Living Rankings, with Hong Kong bagging the No. 1 spot, pushing Luanda, Angola to 2nd.
The survey includes 209 cities across five continents.
New York City is used as the base city for all comparisons and currency movements are measured against the US dollar.
Five Indian cities that are ranked in the list are as follows:
Mumbai – Rank 82
New Delhi – Rank 130
Chennai – Rank 158
Kolkata – 194
Bangalore – Rank 180
11. Union Government has launched a pilot programme to run two wheelers on Compressed Natural Gas (CNG) in New Delhi to curb air pollution in cities.
The project was jointly launched by Union Petroleum and Natural Gas Minister Dharmendra Pradhan and Union Environment Minister Prakash Javadekar at the CGO Complex CNG station.
12. Union Government launches India’s first pilot programme.
It was launched to run two-wheelers on Compressed Natural Gas (CNG) in New Delhi to curb air pollution in cities.
The project was jointly launched by Union Petroleum and Natural Gas Minister Dharmendra Pradhan and Union Environment Minister Prakash Javadekar at the CGO Complex CNG station.
International – Across the Globe:
1. Prime Minister Narendra Modi along with Sri Lankan President Maithripala Sirisena inaugurated Duraiappah Stadium in Jaffna.
The stadium was renovated by India.
Sri Lankan President Sirisena was present at the stadium in Jaffna while PM Narendra Modi joined the event through video-conferencing from New Delhi.
The newly renovated Duraiappah Stadium has been named in honour of a former Mayor of Jaffna late Alfred Thambirajah Duraiappah.
2. A bronze statue of Netaji Subhash Chandra Bose has been unveiled at the Indian cultural centre premises in Malaysia.
Nine Indian National Army (INA) veterans were present there.
It was announced during the last year visit of PM Modi to Malaysia.
3. Union Tourism minister Dr. Mahesh Sharma inaugurated the Ganges-Danube.
Cultural Festival of India at Vigado Theatre in Budapest in Hungary.
The Minister also inaugurated Yoga workshop.
Hungarian artists, proficient in Indian art forms took part in the programme.
4. President Pranab Mukherjee made visit to three-nation tour to Ghana, Ivory Coast and Namibia.
Pranab Mukherjee has become the First Indian President to Visit Ghana and Ivory Coast.
He also became the second Indian President to visit Namibia after a gap of 21 years.
5. 2016 World Investment Report has been released.
As per the report, India ranks 10th in FDI (Foreign Direct Investment) inflows.
As per the report, India’s FDI inflows have increased to 44 billion dollars in 2015 as compared to 35 billion dollars in 2014.
Top 10 Countries are United States, Hong Kong, China, Ireland, Netherlands, Switzerland, Singapore, Brazil, Canada and India.
6. Mahashangarh declared as the SARRC cultural capital for 2016-17.
Mahashangarh is the 3rd century BC archaeological site in Bogra, Bangladesh.
SARRC: South Asian Association of Regional Cooperation (SARRC)
1. Mercedes driver Nico Rosberg from Germany has won the 2016 European Grand Prix of Formula One.
Top 3 teams are Mercedes, Ferrari and Force India.
Positions attained by various Racers:
First Position: Nico Rosberg (Germany) of Mercedes team
Second Position: Sebastian Vettel (Germany) of Ferrari team
Third Position: Sergio Perez (Mexico) of Force India team
Fourth Position: Kimi Raikkonen (Finland) of Ferrari Team
Fifth Position: Lewis Hamilton (United Kingdom) of Mercedes Team
2. The Indian mixed recurve team of Deepika Kumari and Atanu Das has won the silver medal at the Archery World Cup held in Antalya, Turkey.
In the final match played at Konyaalti Beach Park, the Indian team lost to South Korea by 1-5 score.
In the first of the match, Indian team trailed by 0-2 score against the top-seeded Korean pair of Choi Misun and Ku Bonchan.
3. 106 year old Aida Gemanque became the oldest Olympic torch bearer when she carried the flame in the Amazonian city of Macapa.
She is also called as extreme granny.
She broke the record formerly held by Alexander Kaptarenko, who was 101 when he took part in the Sochi 2014 Winter Olympics relay.
4. The BCCI has suspended and issued show-cause notices to the top Goa Cricket Association officials.
They were were arrested for alleged misappropriation of organization funds.
GCA president Chetan Desai and secretary Vinod Phadke, who are also part of important committees of BCCI, along with treasurer Akbar Mulla were arrested earlier this week by police for alleged misappropriation of Rs 3.13 crore belonging to the organization.
5. The Board of Control for Cricket in India (BCCI) has appointed former spinner Anil Kumble as the head coach of Indian Cricket Team.
He will have tenure of one year.
The decision of his selection was taken in the BCCI working committee meeting in Dharamshala, Himachal Pradesh.
Earlier the Cricket Advisory Committee comprising Sachin Tendulkar, Saurav Ganguly and VVS Laxman had proposed his name after interviewing 57 candidates.
[Read in Detail] New Coach of Indian Cricket Team: Anil Kumble
Awards & Recognition:
1. Kannada film Thithi has won the Best Film and Best Script Writers Award at the ongoing 19th Shanghai International Film Festival in Shanghai.
The film was directed by Raam Reddy’s and it is about 3 generations reacting to the death of the oldest in the clan.
2. IIT-Kanpur professor Sanjay Mittal has been awarded the twenty-fifth GD Birla Award for Scientific Research for the year 2015.
He has been bestowed with this award for his significant contributions have been in the area of Mechanics.
It is an annual scientific award bestowed upon Indian scientist below the age of 50, living and working in India for their outstanding scientific research, mostly during past 5 years.
Mergers & Acquisitions:
1. Technology services provider Tech Mahindra Ltd (TechM) has acquired UK-based digital transformation firm The BIO Agency Ltd for 4.5 crore pound(45 million).
Tech Mahindra will acquire 100 percent of shares of the company
Appointments & Resignations:
1. Virginia Raggi, a leading member of the populist anti-corruption Five Star Movement (M5S) was elected as Rome’s first female mayor.
She is also the first candidate from that party, M5S to be elected to Rome’s mayoralty.
A lawyer and local councilor, Raggi was elected to the post in the Italian capital after winning 67% of the vote in a runoff ballot against the Democratic Party’s (PD) Roberto Giachetti.
2. Ken Miyauchi has been appointed as the President and Chief Operating Officer (COO) of the Japanese conglomerate SoftBank Group.
He will succeed Nikesh Arora who had stepped down from his position after the Chairman and CEO of Group Masayoshi Son wanted to remain at the helm longer than first planned.
SoftBank Group is a Japanese multinational telecommunications and Internet corporation established in 1981 in Tokyo.
3. India Limited format’s Cricket Captain Mahendra Singh Dhoni has been appointed as brand ambassador for Exide Life Insurance Company with immediate effect.
The Cricketer will feature in the company’s marketing campaign Lamba saath, bharose Ki baat (Long term relationships build trust).
This is his first endorsement deal in the insurance category
4. World’s leading payments platform PayPal announced the appointment of Anupam Pahuja as the Managing Director (MD) and Country Manager for its India operations.
He also served as technical head for Asia pacific.
He will also be responsible for further strengthening of the company’s operations in the country.
5. Yasmin Sooka, a South African Indian-origin lawyer has been appointed to chairman of three member UN commission (committee).
She will monitor the human rights situation in South Sudan.
The committee was constituted by the United Nations Human Right Council (UNHRC) resolution 31/20.
6. Imad Khamis has been elected as the new prime minister of Syria by President Bashar al-Assad.
He replaces Wael al-Halqi who had held the post since August 2012.
Economics & Banking GK:
1. State-run banking behemoth SBI has been named in a ‘Hall of Shame’ list of 158 banking and financial institutions globally that have invested billions of dollars in companies making cluster bombs.
State Bank of India (SBI) is the only Indian entity on the list, which includes global giants like JP Morgan, Barclays, Bank of America and Credit Suisse.
They invested over $28 billion in seven producers of cluster munitions between June 2012 and April 2016.
2. The Union Cabinet has approved setting up of Fund of Funds for Startups (FFS) under Small Industries Development Bank of India (SIDBI) for extending support to Startups.
This 10,000 rupees corpus fund will be established in line with the Startup India Action Plan, an initiative of Department of Industrial Policy & Promotion (DIPP) which was unveiled by Union Government in January 2016.
The FFS will be used for the contribution of various Alternative Investment Funds (AIF) registered with Securities and Exchange Board of India (SEBI) to extend funding support to Startups.
3. Reserve Bank of India (RBI) has released its much awaited ‘Vision-2018′ document.
It aims at building best of class payment and settlement systems for a ‘less-cash’ India.
It will be ensuring access to mobile banking services to even basic phone users.
The Asian Development Bank (ADB) has approved a 500 million dollars loan to build a bridge across the Ganga River in Bihar.
4. The loan funds will be used to build 9.8 km Road Bridge in Bihar on the Ganga River.
On completion of the project it will be the India’s longest river bridge.
Bills – New & Amendments:
1. Sri Lankan Parliament has passed the Right to Information (RTI) bill.
The bill aims at restoring transparency and good governance in the country.
The RTI bill seeks to give citizens access to public information which is in the possession, custody or control of a public authority.
Memorandum of Understanding (MoU):
1. India and Thailand have signed two agreements in culture and educational sectors to boost bilateral ties.
The agreements were signed in New Delhi during the three day official state visit of Thailand Prime Minister General Prayut Chan-o-cha to Indian.
Signed agreements are:
Memorandum of Understanding (MoU) between India’s Nagaland University and Thailand’s Chiang Mai University.
Agreement for to extension of the Cultural Exchange Programme (CEP) between both countries for 2016-19.
2. The Inland Waterways Authority of India (IWAI) and India Ports Global Private Limited (IPGPL) have signed a MoU.
The MoU was signed for implementation of additional works on the Kaladan Multimodal Transit Transport Project (KMTTP) in Myanmar.
As part of the MoU, both signatory parties will be implementing three additional works on the KMTTP at the estimated to cost 476 crore rupees.
3. The Union Cabinet has given its approval to the signing of a Protocol amending the Agreement between India and Belgium for avoidance of double taxation.
Decision in this regard was taken in the Union Cabinet meeting under the chairmanship of Prime Minister Narendra Modi.
The amendment in the Protocol will broaden the scope of the existing framework of exchange of tax related information between the two countries.
4. India and Switzerland have signed a Memorandum of Understanding (MoU).
It was signed to establish formal cooperation in the fields of skills development and vocational and professional education and training.
The MoU was signed between Switzerland’s State Secretary Mauro Dell’ Ambrogio and Union Minister for Skill Development and Entrepreneurship Rajiv Pratap Rudy in Winterthur.
5. The Colombian government and the leftist FARC (Revolutionary Armed Forces of Colombia) rebels have signed a historic ceasefire and disarmament agreement.
It establishes a bilateral ceasefire and end to hostilities and the definitive laying down of arms.
Science & Technology:
1. Public sector aerospace and defence major Hindustan Aeronautics Limited (HAL) has unveiled indigenous Basic Trainer Aircraft (BTA) HTT-40 in Bengaluru.
The aircraft made its maiden flight recently the HAL Airport in Bengaluru in presence of Union Defence Minister Manohar Parrikar.
It was flown by Group Captain C Subramaniam and Group Captain Venugopal for about 10 to 15 minutes.
HTT-40 stands for Hindustan Turbo Trainer-40, a two-seater aircraft designed and developed indigenously by the HAL.
2. The Union Ministry of Power has launched ‘URJA’- Urban Jyoti Abhiyaan Mobile application for Urban Power Distribution Sector.
It was launched by Union Power minister Piyush Goyal on the side-lines of two day conference of Power Ministers at Cansaulim in South Goa.
It has been developed by Power Finance Corporation (PFC) on behalf of Union Ministry of Power.
The motive behind introducing the app is to enhance consumer connect with the Urban Power Distribution sector by providing information of IT enabled towns.
3. China’s Sunway TaihuLight supercomputer is the world’s most powerful supercomputer system.
It was revealed by 2016 edition of Top 500 list of supercomputers.
Sunway-TaihuLight can perform calculations with processing speed of 124.5 petaflops per second (Pflops).
It is world’s first system to surpass 100 petaflops.
4. The Union Government has banned use of potassium bromate (KbrO3) as a food additive as it is carcinogenic.
Union Health Ministry has taken the decision based on the recommendation of Food Safety and Standards Authority of India (FSSAI).
5. The Indian Space Research Organization (ISRO) is going to test indigenously developed scramjet engine technology based on air-breathing propulsion in July 2016.
The test will be conducted on test platform named Advanced Technology Vehicle (ATV) from the Satish Dhawan Space Centre at Sriharikota.
The test platform ATV will comprise a scramjet engine hitched to a two-stage sounding rocket (RH- 560).
6. The Union Cabinet under Chairmanship of Prime Minister Narendra Modi has approved mega auction of all available spectrum (more than 2300 Megahertz) across the seven bands.
This decision will pave way for the largest-ever spectrum auction in the country and could potentially fetch the exchequer about 5.5 lakh crore ruppees going by the reserve price.
The airwaves in the seven spectrum bands to be auctioned are 700, 800, 900, 1800, 2100, 2300 and 2500 MHz.
7. The scientists have developed d a microchip, named KiloCore.
The microchip that has 1000 independent programmable processors.
It is the world’s first 1,000-processor chip and has the highest clock-rate processor ever designed at the university level.
8. Scientists have developed a new stem cell-containing bio-ink.
It allows 3D printing of complex living tissues that may be used for surgical implants.
It was developed by scientists from the University of Bristol, England.
1. Every year June 20 is observed as World Refugee Day.
The day is celebrated to raise awareness of the situation of refugees throughout the world.
The day seeks to draw attention to the plight of refugees and also to celebrate their courage and resilience and renew commitment to solve refugee problems.
On this day, United Nations Refugee Agency (UNRA) also known as United Nations High Commissioner for Refugees (UNHCR) hosts various events and announces a theme for its campaign.
2. Every year 21 June is being observed as International Day of Yoga across the globe to spread awareness about practicing yoga.
2016 Theme for celebrating the day was “Connect the Youth”.
The year 2016 it is second edition of the International Day of Yoga.
This year’s observance highlights the important role healthy living plays in the realization of the Sustainable Development Goals (SDGs) which were adopted by all 193 UN member states in 2015.
3. Every year 23 June is being observed as the United Nations Public Service Day by the United Nations (UN).
The day is celebrated to mark the invaluable contributions of public servants and administrators to build a better world for all.
This for the first time, the day is observed after the 2030 Agenda for Sustainable Development (i.e. Sustainable Development Goals) were adopted by all member states of United Nations.
4. The Day of the Seafarer is being observed on 25 June every year.
The day is celebrated as an expression of thanks to the seafarers for their contribution to the economy and civil society of the world.
2016 Theme for celebrating the day was “At Sea For All”.
1. Jeppiaar, a renowned politician-turned-educationalist passed away following a brief illness at Chennai. He was 85.
He was the founder of Jeppiaar Educational Trust.
He was originally named as Jesadimai Pangiraj.
He was a pioneer in the setting up of private engineering institutions in Tamil Nadu and was the founder chancellor of Sathyabama University.
2. Guda Anjaiah, noted Telangana poet and lyricist passed away following a brief illness at Ragannagudem, Telangana. He was 61.
He played a key role in Telangana statehood movement by penning several songs which later found their way into films.
He was awarded with Sahithya Bandu Ratna award (1986), Rajini Telugu Sahithi Samithi Award (1988), Telangana Sahithya Puraskaram (2015) etc.
3. Neil O’Brien, the pioneer of quizzing in India, passed away in Kolkata.
He was three-time nominated Anglo-Indian MLA in West Bengal and an educationist.
Important Abbreviations used in the Article
|FDI||Foreign Direct Investment|
|EMC||Electronic Manufacturing Cluster|
|IAU||International Astronomical Union|
|UDAY||Ujjwal Discom Assurance Yojana|
|EPF||Employee Provident Fund|
|CNG||Compressed Natural Gas|
|INA||Indian National Army|
|SAARC||South Asian Association of Regional Cooperation|
|BCCI||Board of Control for Cricket in India|
|COO||Chief Operating Officer|
|SIDBI||Small Industries Development Bank of India|
|ADB||Asian Development Bank|
|FARC||Revolutionary Armed Forces of Colombia|
|HAL||Hindustan Aeronautics Limited|
|ISRO||Indian Space Research Organization|
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