Monday, 25 July 2016

25th July 2016 Current Affairs Update

 current affairs  for sbi po and ibps po 2016
1. Nepal Prime Minister Khadga Prasad  Sharma Oli resigns:
  • Nepal’s Prime Minister Khadga Prasad Sharma Oli has resigned from his post the no-confidence motion against him in the Parliament.
  • Oli, who became PM last October heading Nepal’s eighth government in the past 10 years, has been facing a no-trust motion after the Maoists withdrew support from the coalition government.
  • He born in eastern Nepal on February 22, 1952, Oli became a member of the Nepal Communist Party in 1970 after being influenced by local communist leaders as a teenager.
2. China unveils world's largest amphibious aircraft:
  • China has unveiled AG600, the world's largest aircraft which can land on both water and land and used to fight forest fires and perform marine rescues.
  • The aircraft is around the size of a Boeing 737 - far larger than any other amphibious plane. It has a maximum flight range of 4,500 km. and can collect 12 tonnes of water in 20 seconds during emergencies. Its maximum take-off weight of 53.5 tonnes.
  • The plane AG600 has been unveiled by the Aviation Industry Corporation of China (AVIC) in southern port city of Zhuhai. Before the AG600, the largest amphibious cast was the H-4 Hercules, known as the Spruce Goose, used in WW2. Its wingspan is still longer than the AG600's.
3. Foundation stone laid for MSME technology center in Visakhapatnam:
  • Andhra Pradesh Chief Minister N Chandrababu Naidu, along with Union Ministers Kalraj Mishra and Venkaiah Naidu have laid the foundation stone for a Ministry of Micro, Small and Medium Enterprises technology centre under Technology Centre Systems Programme (TCSP) at Pudi in Visakhapatnam district.
  • The programme is funded by the World Bank and the government of India.
  • Its main focus is to support industries, particularly MSMEs, through access to advanced manufacturing technologies, skill manpower and providing technical and business advisory support to entrepreneurs.
  • Naidu also laid the foundation stone for 400 houses being built by the AP Housing Board for those who lost their dwellings in the 2014 Hudhud cyclone.
4. Violinist A Kanyakumari, first female violinist to get Sangita Kalanidhi Award:
  • In the 87 years of the Sangita Kalanidhi award, this year is special as Renowned violinist Avasarala Kanyakumari from south India was selected for the prestigious 2016 Sangita Kalanidhi Award.
  • With this, Vijayanagaram in Andhra Pradesh born violinist becomes first female violinist chosen in the history of this prestigious award.
  • The award will be conferred on her at the 'sadas' on January 1, 2017. She will also preside over the 90th annual conference of the Music Academy scheduled from December 15, 2016, to January 1, 2017.
5. RBI imposes penalty of Rs 5 cr on Bank of Baroda:
  • The Reserve Bank of India (RBI) has imposed a penalty of five crore rupees on Bank of Baroda in the alleged Rs. 6,100-crore forex related irregularities that were observed in October.
  • Various irregularities by bank such as non-submission and inordinate delays in filing of Suspicious Transaction Reports, besides opening of accounts by several entities without fulfilling KYC norms, were noticed by RBI.
  • According to BOB it has implemented a comprehensive corrective action plan, to strengthen internal controls and to ensure that such incidents do not recur.
6. Solar power tree developed for the generation of electricity:
  • The Ministry of Science and Technology has come up with a 'Solar Power Tree', an innovative way to generate electricity using solar power in a limited space.
  • The Solar Power Tree model is actually designed like a tree with branches made of steel to hold the photovoltaic panel.
  • It has been developed by the Central Mechanical Engineering Research Institute (CMERI), Durgapur, a laboratory of the Council for Scientific and Industrial Research (CSIR).
7. Quikr acquires online recruitment startup Hiree:
  • Online classifieds platform Quikr has acquired Bengaluru-based online recruitment firm Hiree for an undisclosed amount.
  • Hiree will be merged with the startup's jobs vertical QuikrJobs, and will work out of Quikr headquarters.
  • Founded in 2014 by former Yahoo executives Manjunath Talwar and Abhijit Khasnis, Hiree is an online hiring platform focused on white collar jobs.
8. ICICI, Axis bank join Swift's global payments initiative:
  • ICICI Bank and Axis Bank are the first Indian banks to sign up for Swift’s global payments innovation initiative. The Belgium-based Swift is a global member-owned cooperative and a leading provider of secure financial messaging services.
  • The initiative aims to “enhance” cross-border payments by using its messaging platform. In its first phase, the initiative will focus on business-to-business payments.
  • The service offers key features such as the same day use of funds, transparency, and predictability of fees, end-to-end payments tracking, and transfer of rich payment information.
9. Feliciano Lopez wins 2016 Swiss Open Gstaad:
  • Top-seeded Feliciano Lopez of Spain has defeated Robin Haase of the Netherlands 6-4, 7-5 to win the Swiss Open Gstaad – 2016.
  • It is Lopez’s first title on clay and his fifth overall.
  • Lopez  was the winner of the 2004 Vienna Open, the 2010 Johannesburg Open and the Eatsbourne open in 2013 and 2014.
  • The Swiss Open is a tennis tournament held in Gstaad, Switzerland. The tournament is played on outdoor clay courts.
10. Indian shooters Manavaditya and Anant clinch Bronze in Junior World Cup in Italy:
  • Promising Indian shooter Manavaditya Rathore son of Col Rajyavardhan Rathore has won the trap bronze medal in the Champion of Champions match at the Junior World Cup in Porpetto, Italy.
  • Anant Naruka bagged a bronze in skeet.
  • In the Champion of Champions event, the medallists of the three Junior World Cups of the year compete against each other.
11. TCS top employer in IT industry, says Nasscom:
  • Software services major Tata Consultancy Services (TCS) has been ranked as the top employer in the Indian IT industry by the representative body Nasscom. Though Cognizant is a US-based IT firm, it has the largest number of employees in India with development centres in Chennai, Bengaluru, and Hyderabad.
  • The Mumbai-based firm was followed by its peers Infosys, Cognizant, Wipro and Capgemini, Nasscom said in a statement.
  • At the end of June 2016, TCS had a total headcount of 3.62 lakh while Infosys and Wipro had 1.97 lakh and 1.73 lakh, respectively. Others in the top 10 include HCL Technologies, Tech Mahindra, Genpact, Intelenet Global Services, and Aegis.
12. ITC appoints Sanjiv Puri as COO:
  • Kolkata-based diversified conglomerate ITC Ltd has named Sanjiv Puri as Chief Operating Officer of the company.
  • He has become a successor to chairman YC Deveshwar, as Mr. Deveshwar is all set to step down from his post in February 2017. But he will continue as a non-executive chairman for three years.
  • Prior to this Mr. Puri was a whole-time director of the company.
13. Ericsson CEO Vestberg steps down:
  • Swedish mobile telecoms maker Ericsson's Chief Executive Officer Hans Vestberg has resigned from his post with immediate effect.
  • Vestberg has been the company's CEO since 2010.
  • So after Vestberg, Chief Financial Officer Jan Frykhammar will be the acting CEO, with group treasurer Carl Mellander as acting CFO.

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