Wednesday, 24 February 2016

Daily Current Affairs 24th February 2016

"Daily Latest Current Affairs 24th February 2016" : Dear expert. We are online now. You can get Latest New Daily current affairs for your upcoming govt jobs and competitive bank exam IBPS PO, Clerk, SBI, RRB, RBI Exam. Daily Current Affairs is a very important part of General awareness in every competitive examination. CURRENT AFFAIRS IS A VERY IMPORTANT PART OF GENERAL AWARENESS IN EVERY  COMPETITIVE EXAMINATION. SO WE ARE HERE WITH PDF AND QUIZ TYPE CURRENT AFFAIRS WHICH CAN HELP YOU TO MEMORIZE UPDATES ON A DAILY BASIS. So we are here with "pdf" and 'quiz' type current affairs which can help you to memorize updates on a daily basis.

"Daily Current Affairs 24th February 2016"

Top "Daily Current Affairs" Head Lines:

  • Budget Session of Parliament to begin today; Key Bills to come up for consideration
  • “Swachh Paryatan” Mobile App Launched By The Centre
  • India remains world’s largest arms importer
  • Madhya Pradesh’s Katni To Have India’s Longest Railway Bridge
  • ISRO Successfully Tested Cryogenic Engine Of GSLV Mark 3 Rocket
  • CII Signs MoU With Dubai Exports To Boost Trade
  • E-Governance Vision 2020 of Election Commission of India
  • President Pranab to inaugurate 1st ever Gender Park at Kozhikode
  • 9th Indo-Nepal Army exercise Surya Kiran IX Concluded
  • Magh Purnima being observed in Allahabad
  • Odisha CM seeks declaration of Biju Patnaik International Airport as embarkation point for Odisha’s Haj pilgrims
  • Madhya Pradesh Announces Free Education for Scheduled Caste Students in Government Colleges
  • China sacked head of its Securities regulator
  • Cyclone Winston hit Fiji
  • Saudi Prince asks Muslim nations to lead counter terrorism
  • Udai Kumar appointed as MD and CEO of MSEI
  • Euroclear agrees to RBI model to clear debts
  • HSBC India under RBI lens for breaches
  • Indian-origin playwright Ismail Mahomed conferred Knighthood by French Government
  • Lenovo launches global mobile roaming service
  • expands into Asian markets
  • 31 species of birds spotted at Otteri Lake
  • Former French Open champion Francesca Schiavone won Rio Open Title
  • Iconic British Pilot Captain Eric Winkle Brown passed away

Govt notifies uniform norms for start-ups

  • The government has come out with a uniform definition of startups under which a budding entrepreneur with a turnover of less than Rs 25 crore can avail tax breaks and other benefits for a five-year period.
  • The Department of Industrial Policy and Promotion (DIPP) said it would bring about “uniformity” and ensure that only genuine startups get the benefits.
  • It further said that entities formed by splitting or re-construction of existing businesses will not be considered as startups.
  • The process of recognition as a ‘startup’ would be through mobile app/portal of the DIPP.

AP govt, CII to work jointly for establishment of KEZ in Amaravati

  • The Andhra Pradesh government and Confederation of India Industry (CII) would work together for establishing Knowledge Economic Zone (KEZ) in the new capital city of the State-Amaravati.
  • The KEZ will begin its operations from June this year. The State government has set 2017 to complete the first phase of the KEZ in an area spread over 10 acres and by 2019 it would expand to over 100 acres.

Mines ministry to auction 100 mega blocks in 22 states

  • The government will auction 19 gold mines, three diamond mines and eight iron ore mines along with 70 other mega blocks with a minimum area of 100 square kilometre each for exploration to Indian and global firms.
  • The Geological Survey of India (GSI) has handed over a list of 100 mega blocks in 22 states to the mines ministry for auction to exploration agencies, mines secretary Balvinder Singh.

Pakistan Parliament becomes first in world to run entirely on solar power

  • Pakistan’s parliament became the first in the world to completely run on solar power, a venture supported by close ally China with a whopping $55 million funding.
  • Prime Minister Nawaz Sharif in a simple ceremony switched on solar-powered building of the parliament in capital Islamabad.
  • First announced in 2014, the venture has been funded by the Chinese government as an act of friendship, with the solar power plant costing around $55 million.
  • This the first time since independence (1947) that parliament has become self-sufficient in electricity through solar power.

Katni to have India’s longest railway bridge

  • Katni in Madhya Pradesh will have India’s longest railway bridge, 14 km on the up line, almost three and half times longer than Vembanad rail bridge in Kerala that connects Edappally and Vallarpadam in Kochi and is 4.62 km long.
  • Called Katni grade separator, down line of the bridge would be of 7 km. Its total length would be 21 km up and down side.
  • Project received clearance from Cabinet Committee on Economic Affairs (CCEA) recently along with other railway projects. Design and survey of the bridge has been completed and it will take 5 years for completion.

Ex-CJI HL Dattu to be new NHRC Chairperson

  • Ex-Chief Justice of India, HL Dattu has been appointed as the Chairperson of the National Human Rights Commission (NHRC), tweeted NDTV.
  • There were strong rumours that Dattu J. who retired as CJI on December 2, 2015 was a front runner for the post.
  • The post has been lying vacant following the retirement of Justice KG Balakrishnan in May 2015. Another retired Supreme Court judge, Justice Cyriac Joseph, has been serving as the acting Chairperson.

Heads and employees of Private banks under ambit of anti-graft law

  • In a judgement that will have far reaching effects on the transparency in banking system, Supreme Court has ruled that the heads and employees of private banks will be considered public servants for the purposes of the Prevention of Corruption Act.
  • With this, the CBI will now be able to examine frauds and scams involving private banks operating in India.
  • An apex court bench was hearing a case arising from actions of two top officials of private Global Trust Bank, who allegedly abused their position to siphon off the bank’s money.

Standard Chartered Bank posts first global loss in 26 years on $1.3bn India hit

  • A  $1.3-billion (Rs 9,781-crore) hit taken by Standard Chartered Bank on its loans in India has been a key trigger for the British lender to report its first loss in 26 years in its global operations.
  • The bank, which has its loans predominantly in Asia, reported a pre-tax loss of $1.5 billion (Rs 10,288 crore) for 2015, down from a profit of $4.2 billion (Rs 28,800 crore) last year.

Honda removes India CEO after 1 year

  • Honda Cars has removed its India head Katsushi Inoue after just one year of his appointment,a move industry insiders perceive to be a result of not-so-satisfactory performance of some of the company’s new models like Mobilio and Brio.
  • This is the second time the Japanese company is prematurely cutting short the term of a chief executive after effecting a similar move in 2012 when it had called back the then India CEO and president Takashi Nagai after two years of his tenure, and also moved out marketing director Seki Inaba, who was transferred after one year of his appointment.

M&M to invest Rs 1,000 crore for developing petrol engines

  • Mahindra & Mahindra (M&M) has firmed up plans to invest around Rs 1,000 crore in developing petrol engines over the next two to three years. The company is working on developing new petrol engines (1.5 litre and 1.6 litre) in-house and a 2.2-litre petrol engine in collaboration with Korean subsidiary SsangYong Motor Company (SMC).
  • Apart from joint engine development, M&M Executive Director Pawan Goenka said the company is also reviewing opportunities to share platforms with SMC.

Kotak Mahindra Bank’s acquisition of 19.9% stake in Airtel M Commerce to drive expansion

  • After having gained national footprint post its acquisition of ING towards the end of 2014, Kotak Mahindra has now set its eyes on grabbing a large pie of the payments bank business.
  • The bank announced completion of the acquisition of 19.9 per cent stake in Airtel M Commerce, a wholly-owned subsidiary of Bharti Airtel for Rs 98.4 crore.
  • Payments banks are expected to offer last-mile connectivity and the new venture with Airtel will help Kotak ride on the telecom company’s vast network across India, especially in cashless transactions.

Australia replace India as world No.1 in ICC Test rankings

  • In Cricket, Australia has replaced India at the top of the world’s test rankings with a 2-nil test series victory over New Zealand in Christchurch.
  • Captain Steven Smith and Joe Burns hit fifties on the final day as Australia achieved target of 201 set by the hosts losing just 3 wickets in their second innings. Joe Burns was selected as man of the match for his 170 and 65 runs from both innings. With this match, New Zealand skipper Brendon McCullum bid farewell to test cricket. The 34- years old wicket keeper batsman has scored over 6000 test runs at an average of 39.

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