Thursday, 31 December 2015

Daily Current Affairs 2015 Bank Exam (31.12.2015)



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Government approves ‘Raptor MoU’ for conservation of migratory birds of prey
  • The government gave its approval for signing an MoU for conservation of migratory birds of prey in Africa and Eurasia, which will help India gain knowledge in effectively managing the habitats of these raptors.
  • A meeting of the Union Cabinet chaired by Prime Minister Narendra Modi gave its nod for signing the MoU which is also called the ‘Raptor MoU’ that extends its coverage to 76 species of birds of prey out of which 46 species, including vultures, falcons, eagles, owls, hawks, kites and harriers also are found in India.
  • India will become the 54th signatory to the MoU.
BHEL commissions Prayagraj power project unit in UP
  • State-run Bharat Heavy Electricals Ltd (BHEL) has commissioned a 660 MW unit of Prayagraj Super Thermal Power Project at Bara in Uttar Pradesh.
  • “The unit has been commissioned at the upcoming 3×660 MW Prayagraj Super Thermal Power Project (STPP) at Bara in Allahabad district of Uttar Pradesh”, BHELBSE 0.00 %.
  • The greenfield thermal power project is owned by Prayagraj Power Generation Company Limited (PPGCL), a subsidiary company of Jaiprakash Power VenturesBSE -0.75 % Limited.
National Biotechnology Development Strategy 2015-2020
  • The National Biotechnology Development Strategy -2015-2020 was unveiled by the Union Minister for Science & Technology and Earth Sciences, Dr. Harsh Vardhan.
  • The Strategy aims to establish India as a world-class bio-manufacturing hub.   It intends to launch a major mission, backed with significant investments, for the creation of new biotech products, create a strong infrastructure for R&D and commercialization, and empower India’s human resources scientifically and technologically.
Cabinet nod for building 69 bridges on trilateral highway in Myanmar
  • The Cabinet approved the construction of 69 bridges including approach roads on a major road section of the Trilateral Highway in Myanmar at a cost of Rs 371 crore.
  • Government said the project will impart all weather usability to the Tamu-Kyigone-Kalewa road section which is also part of the route for the proposed Imphal-Mandalay bus service.
Cabinet approves Amended Technology Upgradation Fund Scheme for textiles industry
  • The textile sector is set to receive some much needed assistance with the Cabinet Committee on Economic Affairs (CCEA) approving the Amended Technology Upgradation Fund Scheme (ATUFS).
  • Originally introduced by the government in 1999, the scheme aims to help the industry upgrade operational technology and provides fixed subsidies to entrepreneurs who invest in this regard.
New textile scheme to generate 30 lakh jobs, ₹1-lakh cr investment
  • The Centre has stitched together an Amended Technology Upgradation Fund Scheme (ATUFS) that will give a boost to ‘Make in India’ in the textiles sector by attracting investments of ₹1-lakh crore and creating over 30 lakh jobs.
  • The Cabinet Committee on Economic Affairs approved the scheme to replace the existing Revised Restructured TUFS.
  • According to an official statement, “A budget provision of ₹17,822 crore has been approved, of which ₹12,671 crore is for committed liabilities under the ongoing scheme [RR-TUFS], and ₹5,151 crore is for new cases under ATUFS.”
$100-b turnover is Centre’s biotech target
  • Ahead of the 103rd Indian Science Congress in Mysuru next week, the Modi government unveiled the National Biotechnology Development Strategy 2015-2020, aimed at achieving $100 billion in turnover by 2025, a more than ten-fold rise from the current $7 billion.
  • While forging global and public-private partnerships are the key to achieving the target, the strategy aims at establishing India as a world-class manufacturing hub and plans to launch four major missions in healthcare, food and nutrition, clean energy and education.
Iranian banks to open in India
  • Iran’s leading banks will soon open branches in India to energise commercial ties between New Delhi and Tehran.
  • The decision was amongst a slew of commercial measures taken by the India-Iran Joint Commission that met for the first time since Iran and the P-5+1 grouping struck a deal to end sanctions on Iran.
From Jan 1, UK to stop financial aid to India
  • January 1, 2016, India will no longer receive financial aid from the UK, a decision which was taken by the British government in 2012 after a domestic outcry about India’s growing economic status.
  • The transition has taken three years during which the existing financial grant projects were completed and the unutilized funds moved into what are called “technical assistance” projects.
Indo-Israel Barak 8 Missile Testfired From INS Kolkata
  • India’s maritime prowess, the Navy successfully test-fired 70 km-range Surface-to-Air Missile Barak 8 from INS Kolkata, paving the way for installation of the system, developed jointly by India and Israel, on board country’s frontline warships.
  • The successful firing of the newly developed Long Range Surface-to-Air Missile (LR SAM) that was described by the Navy as a “significant milestone” in enhancing its anti-air warfare capability paves the way for installation of the system on India’s frontline warships.
Cabinet nod to Indo-Australian nuclear deal
  • The Indo-Australian civil nuclear cooperation agreement, which came into force last month, received the stamp of approval of the Union Cabinet.
  • The civil nuclear cooperation agreement with Australia was brought into force on November 13, along with the administrative arrangement for implementing the accord.
  • Signed last year, the deal follows similar agreements with the U.S. and France. It is a step toward India achieving international acceptability for its nuclear programme despite not ratifying the nuclear non-proliferation treaty.
Way2SMS forays into short news service
  • Way2SMS, a city-based free SMS service provider, it has rebranded itself as Way2 and is foraying into short news service to reflect both the evolution of the company as well as its vision for the future.
  • Under the rebranding process, the company is providing news updates through its mobile application, which will initially be made available in eight Indian languages besides English, company founder, Raju Vanapala.
Dr.Reddy’s re-launches generic version of Nexium in the U.S.
  • Dr. Reddy’s Laboratories said it re-launched Esomeprazole Magnesium Delayed-Release capsules in the U.S. market after changing the capsule’s colour.
  • The drug, indicated for treatment of acid reflux, is a therapeutic equivalent generic version of Astrazeneca’s Nexium. “The re-launch is due to a change in the capsule colour,”.
Global growth will be disappointing in 2016: IMF head
  • Global economic growth will be “disappointing” next year, the head of the International Monetary Fund said in a guest article for German newspaper Handelsblatt.
  • IMF Managing Director Christine Lagarde said the prospect of rising interest rates in the United States and an economic slowdown in China were contributing to uncertainty and a higher risk of economic vulnerability worldwide.
Essar Oil completes delisting process with Rs 3,745-cr payout
  • Essar Group announced the completion of delisting of Essar Oil, the group’s largest listed entity in India, from the bourses. The promoter, Oil Bidco (Mauritius) Ltd completed the acquisition of 10.1 crore shares from public shareholders, which is much more than the required 9.26 crore for delisting.
  • The public shareholders held 14.25 crore shares in the company.While these two have been the biggest delisting payouts in India, another Essar group firm  India Securities occupies the fourth spot in privatisation transactions as the promoters paid Rs 1,359 crore for its delisting in 2012.
Laxmi Ratan Shukla announces retirement
  • Two days after he was named in the Bengal squad, former captain and all-rounder Laxmi Ratan Shukla announced his retirement from all forms of cricket.
  • Shukla, however said he would be available for his club if Bagan feel his “service is needed.”
  • Shukla said he had decided two days’ ago as he also circulated a copy of his letter to Cricket Association of Bengal president Sourav Ganguly.
Marathi poet Mangesh Padgaonkar passes away
  • Iconic Marathi poet and Padma Bhushan recipient Mangesh Keshav Padgaonkar passed away in Mumbai after a brief illness. He was 86.
About Mangesh Padgaonkar
  • Born on March 10, 1929 in Vengurla, Sindhudurg district in Maharashtra, he received a Master of Arts degree in Marathi and Sanskrit from the University of Bombay.
  • Along with poets Vinda Karandikar and Vasant Bapat, Mr. Padgaonkar was part of many poetry recitation programmes that were held in Maharashtra in 1960s and 1970s. He has also penned lyrics for many Marathi films.

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