Monday, 4 January 2016

Daily Current Affairs (g.k.) 2016 for Bank Exam 04 January 2016

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e-Vahan Bima launched in TS
  • The e-Vahan Bima is an electronic motor insurance policy issued in digital form with Quick Response (QR) code to scan for verification of policy details.
  • Telangana  became the first State in the country where electronic motor insurance policies were legally accepted by police and transport departments .
  •  An SMS-based verification was also installed. It can be stored and accessed on smart phones to make the process of verification easier for commuters as well as police.
Science expo inaugurated 
  • The Pride of India science exhibition, held as part of the 103rd Indian Science Congress.
  • Reckoned to be the biggest science and technology museum to be held in the country, it will feature over 180 institutions, including premier research and development organisations in the country, and authorities expect over 200,000 visitors visiting the expo.
1.93 lakh houses will be sanctioned: Dy. CM
  • Janmabhoomi  Maa Vooru programme gets under way in all 13 districts. He said the government would issue 12.43 lakh new ration cards and 43.74 lakh new pensions in the State.
  • On the occasion, he said government hospitals in the State would be developed on par with corporate hospitals. Free diagnostic tests were introduced in all government hospitals under NTR Vaidya Seva scheme and emphasis laid on maternal and neo-natal care.
N-projects to get equity boost on NPCIL’s JV plans with PSUs
  • With the decks being cleared for state-owned Nuclear Power Corporation of India Ltd (NPCIL) to launch nuclear ventures in collaboration with at least three other public sector firms, the move could see the pooling of additional equity worth nearly Rs 30,000 crore for expanding the country’s installed nuclear power capacity.
  • The Atomic Energy (Amendment) Act, one of the five legislations that got the President’s approval late last week, will allow NPCIL to launch collaborations with other public sector utilities.
  • Three venture with cash-rich state-owned energy utilities  NTPC Ltd, Indian Oil Corporation and Nalco are already in the works.
G-Sec holding: FIIs, DIIs raise their share as banks’ holding declines
  • Following a higher interest rate environment and a relaxation in the investment limit for foreign portfolio investors in government securities over the last couple of years, the FII holding of dated securities of Government of India more than doubled to 3.67 per cent in FY15.
  • For MFs, the holding went up from 0.78 per cent of the total securities in FY14 to 1.89 per cent in FY15, and for insurance companies it rose from 19.5 per cent to 20.87 per cent in the same period. Even the share of financial institutions rose from 0.7 per cent to 2.1 per cent.
Cabinet to decide soon on WTO pact
  • The commerce ministry is finalising a draft note on the trade facilitation agreement (TFA) of the World Trade Organization and will soon approach the Cabinet for an approval.
  • The ministry has received comments from various departments on a draft note circulated earlier. The final note is being prepared, factoring in the comments, which will then be placed before the Cabinet, the official added.
  • The TFA is aimed at easing customs rules, expediting the movement and clearance of goods and effective cooperation between appropriate authorities of countries concerned on trade facilitation.
India to roll out red carpet for Silicon Valley chiefs
  • It’s a return invitation of sorts for Silicon Valley technology and startup biggies.
  • Chief Executives of companies such as Google’s Sundar Pichai, Tesla’s Elon Musk and Apple’s Tim Cook, who met Prime Minister Narendra Modi in San Jose last September, are among the 2,000 startup invitees expected for unveiling the government’s Start Up India initiative on January 16.
  • The global workshop on startups will be held in the capital.
Earthquake measuring 6.7 on Richter Scale hits Manipur; 6 dead over 50 injured
  • An earthquake of moderate intensity rocked India’s northeastern states and adjoining Myanmar, Bangladesh and Bhutan.
  • In India, six people died due to injuries and at least 35 people were injured in Imphal, where a building collapsed. Reports of injuries also came in from Siliguri district of West Bengal. The number of those injured is likely to rise.
  • Two NDRF teams have been rushed to Imphal from Guwahati.
GoAir may get clarity on A320 Neo delivery schedule by mid-Jan
  • Budget carrier GoAir, whose fleet expansion plans were affected after European aircraft maker Airbus recently indicated a potential delay in the delivery schedule for A320 Neos, is likely to get clarity on the matter in two weeks.
  • The Wadia-promoted airline was to induct these fuel-efficient aircraft from the next fiscal, but due to some “industrial reasons” the aircraft maker had indicated a potential delay in the delivery of these planes.
Investment in technology key to CAMS growth: CEO
  • CAMS manages vast data for mutual funds, private equity, banks, NBFC, insurance companies and even brokerages. As mutual fund investments are long-term in nature, technology platforms business processes and controls are designed to protect the interest of investors.
  • This includes special processes for managing dormant investor accounts, minor accounts and transmission of investments. N .K. Prasad, Group CEO, CAMS Group, spoke to The Hindu on managing investor data confidentiality and processing risks.
Lodha Committee Report: Winds of change set to sweep BCCI
  • With an emphasis on ensuring players’ independence and providing for fixed tenure of office bearers followed by a cooling-off period, the Supreme Court-mandated Committee headed by former Chief Justice of India RM Lodha is set to propose extensive measures to revamp the functioning of the Board for Control of Cricket in India (BCCI).
  • The Committee, which will submit its report to the Supreme Court and shall make public its recommendations subsequently, has compiled various far-reaching proposals to make certain that players are not treated like employees of the BCCI and that they are adequately separated from the Board.
Young English cricketer Matthew Hobden dies at age 22
  • Matthew Hobden, an English cricketer regarded as one of the most talented up and coming players in the country, has died. He was 22.
  • The England and Wales Cricket Board announced Hobden’s death. It didn’t give a cause of death.
  • Kevin Shine, the ECB’s lead fast bowling coach, says Hobden  was the strongest, most powerful cricketer I’ve ever seen on that program up there with elite athletes from different sports.

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