Tuesday, 5 January 2016

Daily Current Affairs (g.k.) 2016 for Bank Exam 05 January 2016

Daily Current Affairs (g.k.) 2016 for Bank Exam 05 January 2016. We are here with your waiting article in January Daily Current Affairs 2016 Bank Exam (05.01.2016). Our these Daily current affairs important updates are very most useful for IBPS Bank PO, IBPS 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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Pranab gives assent to 5 key legislations
  • Besides, a law for stringent action against those involved in crimes against persons belonging to Scheduled Castes and Scheduled Tribes has also got the assent from Mukherjee.
  • Mukherjee gave nod to the Arbitration and Conciliation (Amendment) Act;
  • the Scheduled Castes and the Scheduled Tribes (Prevention of Atrocities) Amendment Act; the Commercial Courts, Commercial Division and Commercial Appellate Division of High Courts Act; The Atomic Energy (Amendment) Act; and the Payment of Bonus (Amendment) Act, 2015.The Atomic Energy (Amendment) Act will allow state-run Nuclear Power Corporation of India Ltd (NPCIL) to have collaboration with other public sector undertakings in the nuclear field.
Sharif arrives on three-day visit to Sri Lanka
  • Pakistan’s Prime Minister Nawaz Sharif commenced his three-day-long visit to Sri Lanka by launching a publication on tourism promotion of his country.
  • On Tuesday, pacts will be signed between the two countries on a variety of subjects including counter-terrorism financing.
Friendship bus service between India-Nepal resumes
  • A friendship bus service between India and Nepal via Champawat in Uttarakhand resumed after a gap of 27 years, much to the delight of people on either side of the border who have family and trade ties with each other.
  • The bus which runs between Kanchanpur in Nepal close to Banbasa border in Champavat district of Uttarakhand and Anand Vihar, Delhi has been regularised after being run on a trial basis for a week, incharge of Sharda barrage international police station B M Upreti.
  • The service had been suspended 27 years back in the wake of the Indo-Nepal Trade and Transit Treaty.
Wipro names Abid Ali Neemuchwala as CEO
  • Incumbent CEO T K Kurien will become the Executive Vice-Chairman.
  • India’s third largest IT exporter Wipro Limited on Monday announced the appointment of Abid Ali Z. Neemuchwala as the Chief Executive Officer and Member of the Board of the company. The company also appointed the current CEO T.K. Kurien as the Executive Vice Chairman. Both the appointments will be effective from February 1, 2016, the company said in a release.
  • T.K. Kurien, will continue to report to Azim Premji and will remain a Member of the Board until March 31, 2017.
SBI to set up special branch for start-ups in Bengaluru
  • The nascent yet burgeoning start-up ecosystem has caught the attention of SBI. The country’s largest bank will soon set up a first-of-its-kind branch to cater exclusively to the growing banking needs of start-ups.
  • The bank has zeroed in on Bengaluru, the so-called Silicon Valley of India, for setting up its dedicated branch for emerging businesses.
  • Currently, SBI has specialised branches for large corporates, mid-corporates, and small and medium enterprises.
Nabard inks pact with NRSC for web-based monitoring of projects
  • Country’s apex development bank, Nabard said it has signed a pact with National Remote Sensing Centre (NRSC) for web-based monitoring of its projects in four states.
  • National Bank for Agriculture and Rural Development, Indo-German Watershed Development ( IGWDP) projects (are located) in three states- Gujarat, Rajasthan and Telangana, and Nabard-assisted watershed projects under Watershed Development Fund (WDF) in Madhya Pradesh.
About the projects
  • Under the MoU, NRSC will create a separate web page for Nabard on BHUVAN web-Portal, develop customised software tool and mobile application for real time monitoring, online comparison and visualisation with respect to activities implemented in the projects sanctioned by Nabard.
RBI imposes Rs. 1 crore fine on State Bank of Travancore
  • Reserve Bank has imposed a penalty of Rs. 1 crore on an SBI associate bank, State Bank of Travancore, for violation of some of its instructions.
  • The monetary penalty has been imposed for violation of its instructions including reporting of data to Central Repository of Information on Large Credits (CRILC).
  • RBI set up CRILC to collect, store, and disseminate data on all borrowers’ credit exposures.
  • Banks are required to report all such information here, including classification of an account as SMA (Special Mention Accounts), on all borrowers having aggregate fund-based and non-fund-based exposure of Rs. 5 crore and above.
Hero Cycles sells record 6 lakh units in December
  • Bicycle manufacturer Hero Cycles sold over six lakh units last month, an increase of 20 per cent as compared to December 2014.
  • The sales registered in December 2015 is the highest one-month sale in the history of the bicycle industry by any cycle company in India.
Lodha report addresses key areas that need reform
  • Living up to its promise of regaining the “purity of the game” and restoring the dignity of the players, the Lodha Committee has suggested sweeping reforms in the structuring and governance of cricket in the country.
  • One of the most significant suggestions the panel makes is the formation of separate governing bodies for the Indian Premier League and the Board of Control for Cricket in India.
  • Also recommended is the setting up of a Players’ Association to safeguard the interests of the cricketers.
  • Suggesting a uniform constitution for the Board and its affiliates, the panel aims to reduce the number of members in the all-powerful Working Committee to nine from 14, with the president, vice-president, secretary, treasurer and joint-secretary making up the office-bearers. As a result, there will only be one vice-president instead of five.

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