Thursday, 16 February 2017

Current Affairs-GK Update 16th February 2017

Current Affairs and GK Update 16th February 2017
1. Union Cabinet approves merger of SBI, 5 associate banks:
  • The Union Cabinet chaired by the Prime Minister Narendra Modi has approved the merger of State Bank of India (SBI) with five of its associate/subsidiary banks. 
  • These five subsidiary banks are State Bank of Bikaner and Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala and State Bank of Travancore
  • The Union Cabinet also approved the introduction of a Bill in Parliament to repeal the State Bank of India (Subsidiary Banks) Act, 1959 and the State Bank of Hyderabad Act, 1956.  
  • The acquisition under Section 35 of the SBI Act, 1955 will result in the creation of a stronger merged entity. 
  • It will minimize vulnerability faced by subsidiary banks to any geographic concentration risks.
2. E Palaniswami takes oath as TN chief minister:
  • Tamil Nadu Governor C Vidyasagar Rao appointed Edappadi K Palaniswami as chief minister after replacing of o panneerselvam .
  • The governor requested the chief minister designate to seek the vote confidence of the assembly within 15 days.
  • His appointment is in acceptance of the letter of submitted by Palaniswami that he was elected as the leader of the AIADMK  legislature party at a meeting of the party MLAs.
3. Vikas Swarup appointed as High Commissioner of India to Canada:
  • Vikas Swarup, has been appointed as the next High Commissioner of lndia to Canada.
  • Swarup, is currently serving as the official spokesperson of Ministry of External Affairs.
  • He is an officer of the Indian Foreign Service batch of 1986.
4. 2-day Global Investor Summit 'Momentum Jharkhand' begins in Ranchi:
  • A two-day mega event of Global Investor Summit, branded as "Momentum Jharkhand" is kicked off at Khelgaon of Ranchi. 
  • More than one thousands delegates, including many leading industrialists, both Indian and from other countries, will take part in this. 
  • Prime Minister Narendra Modi will address the Submit through viedo-conferencing. A number of Central Ministers will also be present at the occasion.
5. J&K govt launches e-Prison project:
  • The Jammu and Kashmir government launched the e-Prison project to enumerate jail inmates in the State, where numbers of detainees keep swelling during unrest.
  • State Minister for Information Technology Molvi Imran Raza Ansari, who inaugurated the project in Jammu stated that The information about jail inmates is currently being maintained manually. 
  • To avoid delays in processing the information and manage all the jails efficiently, the automation of prison department has been started.The government has already digitised records of 500 inmates. 
  • The project will digitise 25 district jails, two Central jails and one sub-jail in the State. The second phase of the project will focus on videoconferencing between jails and prison headquarters, e-court, tele-medication in jails
6. 5-day Indian Panaroma Film Festival organised in Port Blair:
  • The five-day ‘Indian Panorama Film Festival’ being organised by the Directorate of Information and Publicity, Andaman & Nicobar Administration, in association with the Ministry of Information & Broadcasting and Directorate of Film Festivals/IFFI, New Delhi, Govt. of India got underway in Port Blair.
  • The Directorate of Film Festivals in India is an organisation that initiates and presents the International Film Festival of India, the National Film Awards and the Indian Panorama.
7. Mamata Banerjee declares Kalimpong as separate district:
  • West Bengal CM Mamata Banerjee declared Kalimpong as 21st district of West Bengal  Kalimpong as separate district of West Bengal .
  • The new district is from Darjeeling. On the same day Banerjee announced two projects for the development of newly created Kalimpong Rs 220 crore road link project to connect Kalimpong with Sikkim via the old Silk Route.Rs 50 crore water supply project to address Kalimpong’s water scarcity problem.
8. Madhya Pradesh government to set up Tourism Board:
  • The state government of MP decided to set up a tourism board. The decision was reached at a meeting of the tourism cabinet in Pachmarhi.
  • The chief minister Shivraj singh chauhan will be the chairman of the board. 
  • According to the state government, the decision to constitute the Tourism Board has been taken to encourage and promote Madhya Pradesh tourism nationally and internationally. 
  • The main work of the board would be implementation of the state's tourism policy, attract private sector participation, facilitate investors and extend benefits to them as is permissible under the tourism policy. 
  • The Board would also have to formulate new policies, monitor new tourism projects, select and increase land banks and organise fairs, food festivals, cultural programmes, cottage industry carnivals.
9. 2017 Cobra Gold Exercise Begins in Thailand:
  • The 2017 Cobra Gold Military Exercise kicked off at the Sattahip Royal Thai Marine Corps Base in Chonburi Province, Thailand
  • Cobra Gold 2017 is the 36th edition of the multinational drill and is co-organized by  Cobra GoldUnited States and Thailand. It will expand regional cooperation and collaboration for disaster relief.
  • The ten day exercise would continue till February 24, 2017 and the closing ceremony of the event will take place in Phu Lamyai Training area in Nakhon Ratchasima Province. 
  • As many as 30 nations are participating in the drill including China, India, Singapore, South Korea and Malaysia, who are either involved in or are observing the exercises.
10. Asian Paints to acquire Sri Lankan firm Causeway:
  • Asian Paints on Thursday announced that its subsidiary Berger International will fully acquire Sri Lanka's Causeway Paints in an all cash deal. Asian Paints did not disclose the deal size. 
  • Causeway Paints had reported revenue of approx Rs 253.60 crore in the previous fiscal.
11. Suguna Foods, Tata DoCoMo tie up:
  • Suguna Foods has, with deployment of Tata DoCoMo data connectivity solutions managed to achieve operational efficiency across its offices in rural areas
  • The company, according to a release faced typical connectivity challenge as its offices are located in remote areas. 
  • Tata DoCoMo provided domestic Multiprotocol Label Switching (MPLS) to Suguna Foods in Coimbatore and 42 sites with traditional MPLS and 7 sites of Xpress Virtual Private Network (VPN).
12. SoftBank to buy Fortress Investment for $3.3 billion:
  • Japan’s SoftBank Group Corp has agreed to buy Fortress Investment Group LLC for about $3.3 billion, looking to add investment expertise as it prepares to launch the world’s largest private equity fund.
  • The all-cash deal is SoftBank’s first major investment in an asset manager and represents yet another unpredictable gambit for a group that has to date focussed on telecoms and technology.
13. HDFC Life Launches ‘Pragati’ Plan For Low Income Group:
  • Life insurance firm, HDFC life launched a traditional life insurance plan 'Pragati' for low income group people.
  • The plan has been designed especially to empower low income families by making the plan available at affordable rate to every person who has the desire to secure his family.
  • Pragati will offer dual benefit. Firstly a systematic savings with guaranteed premium returns and secondly a wholesome life protection making it an ideal financial product for every Indian household.
14. Airbus signs MoU for setting up centre of excellence in Hyderabad:
  • The multinational Airbus Group division Airbus joined hand with Telangana government, National Skill Development Corporation  Airbus signs MoU for setting up centre of excellence in Hyderabad. 
  • India and AEROCAMPUS France for establishing a Centre of Excellence at at Begumpet Airport for aerospace skill development in Hyderabad.To enhance the employability of young aspirants by imparting the required skills to them.
15. Usain Bolt honored with ‘Sportsman of the Year’:
  • Jamaica’s sprinter Usain Bolt won the ‘Sportsman of the Year’ award at the Laureus World Awards or the ‘Oscar of Sports’ held in Monaco.  
  • Usain Bolt received his award from legendary Michael Johnson. This is the fourth time that the world’s greatest sprinter has won the honor. Earlier in 2009, 2010 and 2013 too he won the award.
16. Sandeep Singh Indian International Hockey Player Receives Honorary Doctorate:
  • Indian professional hockey player Sandeep Singh has been honored with an Honorary Doctorate Degree by Desh Bhagat University, a private educational institution in Amloh, Fatehgarh Sahib District of Punjab.
  • He is the second Indian hockey player to receive this award. The only first player was Dileep Tirkey, former captain and sitting Member of Parliament, to receive an honorary degree for sporting excellence from Sambalpur University in 2010.

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