Friday, 8 January 2016

Daily Current Affairs (g.k.) 2016 for Bank Exam 08 January 2016

Daily Current Affairs (g.k.) 2016 for Bank Exam 08 January 2016. We are here with your waiting article in January Daily Current Affairs 2016 Bank Exam (06.01.2016). Our these Daily current affairs important updates are very most useful for IBPS Bank POIBPS Clerk Exam, SCC, LIC, Insurance Exam and Railway Exams. We daily update the handpicked current affairs for all Indian competitive exams like-Daily Current Affairs 2015 for Competitive Exams in India.
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Listing of Latest important Current Affairs 2015-2016 for preparation of Bank Exams, SSC, IBPS PO, IBPS Clerk, IAS, JEE, UPSC, Railways, CTET and other competitive exams. 

Overseas Indian Affairs Ministry, MEA merged

  • In order to avoid duplication of work and to improve efficiency, the government merged the Ministry of Overseas Indian Affairs (MOIA) with the Ministry of External Affairs.
  • Explaining the official line, a spokesperson of MEA said the merger of MOIA was to avoid “duplication” as most of the work of MOIA was done by Indian missions abroad. “Even the information for answering the questions related to MOIA in Parliament used to be provided by the Indian missions,”.

Punjab bans manufacture of gutkha, pan masala

  • Punjab Chief Minister Parkash Singh Badal ordered ban on manufacture of food products containing tobacco or nicotine like ‘gutkha’ and ‘pan masala’ in the State with immediate effect.
  • Mr. Badal has asked the Health Department to take immediate steps to ensure complete ban on manufacturing of ‘guthka’, ‘pan masala’, processed/ flavoured/ scented chewing tobacco and any other food products containing tobacco or nicotine in the state.

Centre approves proposed EMC in Naya Raipur

  • The central government has given final approval to the proposed Electronic Manufacturing Cluster (EMC) in Chhattisgarh’s upcoming capital Naya Raipur.
  • The proposed EMC to come up in 70 acres area as a special industrial park, will see the manufacturing of television set, CCTV cameras, set-top box, LED lights, computer related equipmentand other electronic gadgets.
  • It will be located at Tuta village in Sector-22 of Naya Raipurwhere around 61 industries would be set up which are expected to draw investments worth around Rs 2,000 crore.

Senior Bureaucrat Amitabh Kant Appointed As Niti Aayog CEO

  • Amitabh Kant, Secretary in the Department of Industrial Policy and Promotion, was appointed as the Chief Executive Officer of Niti Aayog.
  • He will take over the new job after his retirement, next month-end.
  • 59-year-old Mr Kant has been appointed in place of former IAS officer Sindhushree Khullar, who was appointed as the first CEO of the National Institution for Transforming India (Niti) Aayog, a body that has replaced Planning Commission, for a fixed one-year term beginning January 1, last year
  • Prime Minister Narendra Modi is Chairman of Niti Aayog.



Unicorn India raises Rs. 40 crore in first closure

  • Unicorn India Ventures, a SEBI registered AIF-I VC fund, started by Anil Joshi and Bhaskar Majumdar, has done its first close of Rs. 40 crore of its Rs. 100 crore fund.
  • The fund will invest in early stage start-ups in the areas like social media, mobile, analytics, cloud tech and IOT.
  • Unicorn India Ventures has also appointed Aayush Jain, as a Principal for the fund. Jain comes with over 8 years of experience in corporate and product strategy, capital raising, business/corporate development and M&As across sectors including technology, media, cloud, digital, consumer and education.

BHEL commissions 2 substations in Afghanistan


  • State-owned power equipment maker BHEL has commissioned two substations in Afghanistan, expanding its footprint in the strife-torn nation.
  • “Bharat Heavy Electricals Limited (Bhel) has commissioned two 220/20kV substations in Afghanistan. The project has been executed by BHEL on EPC basis,”.
  • The substations have been commissioned at Charikar, around 60 km from Kabul, and Doshi, around 150 km from Kabul.

Netflix launches service in India for Rs 500/month


  • Netflix’s entry into India was cheered by its smaller competitors as they believe that US-based company’s efforts to educate users and create habits on consuming video online, will benefit them in the long run.
  • In an unprecedented global rollout, video streaming service Netflix made a big splash by launching its service in India and 129 more countries. But the likes of Hungama, Spuul and Hooq say that the arrival of a giant would only ease their efforts in decoding the complicated market that India is.

Quikr merges with CommonFloor to create biggest real estate vertical

  • Online classifieds portal Quikr announced the merger of real estate listing company CommonFloor.com, making the combined entity the biggest in the space.
  • Analysts feel the merger will accelerate the growth of Quikr Homes, the result of a recent verticalisation strategy of Quikr.

ICICI Bank to partner FINO PayTech for payments bank

  • ICICI Bank will partner FINO PayTech to foray into the payments bank space.
  • The ICICI Group, with about 16 per cent stake in FINO Paytech, a business correspondent, is the largest domestic shareholder.
  • FINO Paytech has received ‘in principle’ licence from the Reserve Bank of India (RBI) to start a payment bank.
  • RBI regulations allow universal banks to invest up 30 per cent in payments bank.

IIT-alumnus’s company launches unique wearable gaming platform

  • SuperSuit is designed as a wearable gaming platform aimed to reduce screen time for kids and increase their social interaction and physical activities.
  • A game design company in the U.S., founded by an IIT-educated entrepreneur, has showcased a first of its kind wearable gaming platform meant to reduce screen time for children and increase their social interaction and physical activities.
  • MadRat Games, founded by IIT Mumbai and Carnegie Mellon alumnus Rajat Dhariwal, launched the prototype of “SuperSuit” at the ongoing consumer technology convention in Las Vegas.

IFSC banking units can open foreign currency current a/cs

  • Banking units operating in International Financial Service Centres (IFSCs) can now open foreign currency current accounts of units operating in IFSCs and of non-resident institutional investors to facilitate their investment transactions .
  • The RBI, in its notification, also clarified that the IBUs cannot raise liabilities from retail customers including high net worth individuals (HNIs). Also, no cheque facility will be available for holders of current accounts in the IBUs. All transactions through these accounts must be undertaken via bank transfers.
  • Further, the RBI has prescribed exposure ceiling limits for IBUs. The exposure ceiling of IBUs has been pegged at 5 per cent of the parent bank’s Tier-I capital in case of a single borrower and 10 per cent in the case of a borrower group.

Bandhan Bank mobilises Rs. 5,000-cr deposits till Dec

  • Kolkata-based Bandhan Bank is making rapid progress in deposit collection and credit operations.
  • The bank, which started operations in August last year, has already opened 605 branches across 27 states. According to Chandra Shekhar Ghosh, Founder-MD and CEO of Bandhan Bank, deposits grew to nearly Rs.5,000 crore in a little over four months of its existence.
  • The loan book stands at Rs.11,500 crore and is estimated to reach Rs.13,000 crore by the end of this fiscal. Around Rs.500 crore of its loans  that qualify as priority sector lending has been sold to other banks under IBPC (inter-bank participatory certificates).

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