Saturday, 16 July 2016

16th July 2016 Current Affairs Update

current affairs quiz for sbi clerk mains 2016
1. Nalanda Mahavihara enters UNESCO’s World Heritage Site list:
  • The ruins of ancient Nalanda Mahavihara (old Nalanda University) of Bihar has been included in the list of UNESCO’s World Heritage Site.
  • Now, Nalanda University ruins located at Nalanda district has become the 2nd World Heritage Site in Bihar after Bodhgaya’s Mahabodhi temple.
  • This status will help in conservation and protection of the site in better way and also increase funds from the UNESCO.
  • The ruins comprise the archaeological remains of monastic and scholastic institutions dating from the 3rd century BC to the 13th century AD.
  • Nalanda Mahavihara was founded by Kumargupta I of the Gupta dynasty in 5th century CE.
  • It was the earliest planned university of the Indian subcontinent.
2. Madhya Pradesh becomes 1st state to have Happiness Department:
  • Madhya Pradesh became the first state in India to have ‘Happiness Department’ that will work as knowledge resource centre on the subject of happiness on the lines of Bhutan.
  • The decision was taken by the state cabinet meeting presided by chief minister Shivraj Singh Chouhan.
  • The Happiness Department will will work under a working committee headed by a chairman and this committee will evaluate the state’s gross happiness.
  • Bhutan is the first country in the world to come up with the concept of Gross National Happiness .
  • It has fixed standards of living, education, good governance, health and psychological happiness among the various parameters that make its citizens happy.
2. RBI sets up an Inter-regulatory Working Group on Fin Tech and Digital Banking:
  • The Reserve Bank of India (RBI) has constituted an inter-regulatory Working Group (WG) to study the entire gamut of regulatory issues relating to Financial Technology and Digital Banking in India.
  • The group has been set up in view of the growing significance of Fintech innovations, and their interactions with the financial sector as well as financial sector entities. 
  • It will review and appropriately reorient the regulatory framework, and respond to the dynamics of the rapidly evolving Fintech scenario.
  • The Working Group will be headed by Sudarshan Sen, Executive Director of RBI, and has 12 members. It has been asked to submit its report within six months from the date of its first meeting.
3. RBI asks banks to exchange upto 20 soiled notes free of charge:
  • The Reserve Bank of India has asked banks to exchange up to 20 pieces of soiled currency notes with a maximum value of Rs 5,000 over the counter free of charge in an effort to improve customer service. However, if the number of notes to be exchanged is more than 20, banks can levy service charge.
  • As per RBI, the facility of exchanging mutilated or imperfect notes is available at designated bank branches and also non-chest branches.
  • In case notes are presented in bulk (where the number exceeds 20 pieces or 5,000 in value per day), banks will accept them, against receipt, for value to be credited later.
4. Country’s 1st industrial park for women entrepreneur to come up in Uttarakhand:
  • The country’s first  industrial park exclusively for women entrepreneurs has been launched by Uttarakhand Chief Minister Harish Rawat at the Federation House.
  • The move is intended to attract more women entrepreneurs and help them to initiate start-ups in the state.
  • In the first phase, a 10-acre industrial park will be started in Sitarganj Phase-II of the State Industrial Development Corporation of Uttarakhand Limited (SIDCUL).
5. Over 14 lakh LPG connections released under PMUY:
  • Over 14 lakh LPG connections have been released to the women of BPL families under the Pradhan Mantri Ujjwala Yojana (PMUY).
  • According to the Ministry of Petroleum and Natural Gas, the scheme is currently under operation in 487 districts of 17 states.
  • The scheme, launched in May this year, aims at providing LPG connections to five crore below-poverty-line beneficiaries over the next three years.
6. Tata Advanced Systems signs deal with Bell Helicopter:
  • Tata Advanced System (TASL) and Bell Helicopter, a Textron Company have signed an agreement to work together in support of India’s aviation and defense modernization initiatives. 
  • The agreement was inked with an emphasis on ‘Make in India’.
  • As per the agreement, TASL and Bell Helicopters will join to develop both commercial and government rotary wing markets in India in the light utility and reconnaissance segments.
  • Tata Advanced Systems Limited (TASL), a wholly owned subsidiary of Tata Sons, is the strategic Aerospace and Defence arm of the TATA Group.
7. Lifeline Express celebrates 25 years of service:
  • Today, The world’s first hospital on a train The Lifeline Express (Magic Train) of India, celebrates 25 years of service to the poor and underprivileged masses of rural India.
  • In 1991 there were 3 coaches in the train which provided medical facilities to poor and rural people where there were no hospitals available.
  • The train covered 173 projects in 18 state and also covered 2 lakh kilometer distance.
  • The Lifeline Express has the distinction of being the first ever hospital-on-rails in the world.
8. 74 schemes of 17 Ministries & Departments brought under DBT:
  • The GOI has been brought 74 schemes of 17 Ministries and Departments under Direct Benefit Transfer (DBT).
  • Addressing the members of Consultative Committee of his Ministry in New Delhi, Finance Minister Arun Jaitley stated that DBT is a very important scheme as it transfers the benefit to the targeted beneficiaries.
  • The scheme also ensures that benefits reach the targeted population and helps reducing leakages.
9. "Who Moved My Interest Rate" authored by Duvvuri Subbarao:
  • A book titled "Who Moved My Interest Rate" written by Duvvuri Subbarao, the former Governor of Reserve Bank of India (RBI), will be released on 27 July 2016. 
  • The book is a chronicle of Subbarao’s attempts to demystify the RBI and explain to the public its impact on their everyday lives.
  • It gives an account of the dilemmas Subbarao confronted while leading the Reserve Bank through the extraordinary economic and political challenges India and world faced from 2008 to 2013.
  • Mr. Subbarao is an Indian Economist, Central Banker and Civil Servant. He was the 22nd Governor of Reserve Bank of India from 5 September 2008, with an extension in 2011 till 4 September 2013.
10. India jumps 11 places to 152nd in football rankings:
  • India made a big leap of 11 places to occupy 152nd spot in the latest world football rankings issued by FIFA.
  • India is the fourth best positive mover among the Asian countries this month after Tajikistan (up 19 places to 145th), Yemen (up 16 places to 160th) and Turkmenistan (up 14 places to 120th).
  • Overall, Argentina remain on top, despite losing to Chile in the Copa America Centenario summit clash.
11. Misbah-ul-Haq becomes oldest captain to score Test hundred:
  • Pakistan captain Misbah-ul-Haq has scored 110 against England at Lord's and with this, the 42 years and 47 days old cricketer became the oldest captain to score Test hundred
  • The previous oldest captain was Bob Simpson who was 41 years and 359 days old when he scored Test hundred against India.
  • Misbah is also the oldest visiting player to play a Test on English soil in the last 31 years.
  • The previous oldest was Somachandra de Silva of Sri Lanka, who was 42 years & 73 days old when he played against England at Lord's in 1984.

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