DAILY GK 51 TO 100 -- MARCH 2016
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51. Stevie Wonder Honoured With Global Green Hero Award
i. Veteran singer Stevie Wonder was honoured with Global Green Hero award.
ii. The award has been given at the 13th Annual Global Green USA Pre Oscar party.
iii. Presently the 65 year old singer Stevie is an music icon in the industry.
iv. The singer is serving the industry from the age of 11 and has continued to perform and record till the early 2010s. He has been blind since shortly after birth.
v. On the occasion Mr. Wonder also performed a nine-song set of his greatest hits also pointed out that climate change and its environmental impact are issues that he has always been invested in. The singer has already honoured with the Grammy Award.
52. Veteran Left Chief Ashok Ghosh Lifeless
i. Veteran All India Forward Bloc (AIFB) leader and senior-most leader of the Left Front in West Bengal, Ashok Ghosh passed away recently. He was 94.
ii. A freedom fighter, Mr. Ghosh was the State secretary of the AIFB, the second biggest constituent of the Left Front, since 1951 — for 65 years.
iii. He joined the AIFB in 1940, a year after its formation, influenced by the political philosophy of Subhas Chandra Bose.
iv. In more than seven decades of public life, Mr. Ghosh did not leave the AIFB.
v. Mr. Ghosh’s most significant contribution to the Bengal’s Left movement was destabilising the Congress by forging an anti-Congress alliance, much before the CPI (M)-led Left Front came to power in West Bengal.
53. Former Lok Sabha Speaker PA Sangma Passes Away
i. Purno Agitok Sangma, who was the Lok Sabha Speaker from 1996 to 1998 and one of the co-founders of Nationalist Congress Party passed away today following a heart attack. He was 68.
ii. Purno Agitok Sangma was born on 1 September 1947 in village Chapahati in the picturesque West Garo Hills District of the State of Meghalaya in North East India.
iii. One of the greatest leaders from Northeast in national politics, he has been elected to the Lok Sabha eight times since 1977.
iv. After completing his graduation from St. Anthony's College, he went to Dibrugarh University in Assam for his Masters degree in International Relations.
v. Subsequently, he also obtained a degree in Law.
54. Mumbai U-23 Team Clinched CK Nayudu Trophy 2015-16
i. The Mumbai under-23 team clinched the Col CK Nayudu Trophy by defeating Madhya Pradesh at the Holkar Stadium in Indore.
ii. Mumbai bowled out Madhya Pradesh for 442 and took a first innings lead of 135 runs to be declared the winner.
iii. This was Mumbai’s second big title of the season, After clinching their 41st Ranji Trophy title in Pune around a week back.
iv. Winning team’s right arm seam bowler Tushar Deshpande made the most of the third new ball in the closing minutes of the game.
v. The Mumbai team, winners of the 2015, 2016, U23 Col C K Nayudu Trophy, will be awarded with a cash prize of 20 lakh rupees on clinching the title.
55. 15 States have Joined UDAY Scheme
i. The Finance Ministry Arun jaitley has given permission to Uttar Pradesh, Rajasthan, Jharkhand and Chhattisgarh to issue the bonds as part of the Ujwal DISCOM Assurance Yojana (UDAY).
ii. The Ministry of Finance and the RBI are working out the mode of these bond issues.
iii. According to Union Power Under the UDAY scheme, State governments take over 75 per cent of the debt of the distribution utilities. This is then issued as non-SLR (statutory liquidity ratio) bonds. The remaining 25 per cent of debt with electricity distribution utilities is also refinanced through State government-backed DISCOM bonds.
iv. Jharkhand, Chhattisgarh, Rajasthan and Uttar Pradesh account for around Rs. 1.5 lakh crore or about 35 per cent of the outstanding loans of State electricity distribution utilities in the country.
v. Six States have already signed agreements to finalise their participation in the UDAY scheme including Bihar.
56. MoU between Indian Army and Induslnd Bank
i. A Memorandum of Understanding was signed between Indian Army and Hinduja Grouped Induslnd Bank on the Defence Salary package.
ii. The signing ceremony of MoU was headed by Lt Gen Rakesh Sharma and the Dignitaries from Induslnd bank headed by Anil M Rao Head-General Banking Operations.
iii. The first MoU was signed earlier in 2011 was valid for a period of three years, this MoU revised to suit the requirements of serving soldiers also provide them opportunity to access modern banking facilities.
iv. The specially designed salary will hold additional features free/ concessional services including free drafts, Cheques books, and free fund transfer to any bank in India through NEFT/ RTGS and free ATM cards.
v. In the latest MoU Personal Accident Insurance cover has been Included an amount of Rs. 2 lacs for Junior Commissioned Officer and up to 5 lacs for officers and NOC issuing time is reduced to 3 days from the date of application.
57. Sunil Sabharwal Re Appointed As Alternate Executive Director At IMF
i. Independent investor Sunil Sabharwal has become the first Indian American to occupy a key administration post as Alternate Executive Director at the IMF.
ii. Mr. Sabharwal is re nominated by US President Barack Obama. He was 1st nominated in April 2014 and then renominated to the position of Alternate Executive Director of the International Monetary Fund (IMF).
iii. The post of Alternate Executive Director is one of the most powerful position in the IMF considering more than the 16.81 % voting share (highest) of US in the total IMF voting share.
iv. Prior to this appointment Mr. Sabharwal has served as board chairman of Ogone, a European e-commerce payment services firm, from 2011-13.
v. Mr. Sabharwal also had served as Senior Vice President of Strategic Investments at First Data Corporation/Western Union from 2003 to 2006. Since 2006, he has been an independent investor in the payments sector.
58. Award for Srinivasan K. Swamy
i. The Advertising Club Madras conferred its 1st Distinguished Service Award on Srinivasan K Swamy, Chairman and Managing Director, R K Swamy BBDO for his outstanding contribution to the advertising industry.
ii. The award was presented to the ad lander who is also president of the IAA India chapter, at a ceremony in Chennai on 3 March 2016.
iii. N Murali, co-chairman of The Hindu group of publications ( Kasturi and Sons Ltd ), and second recipient of the title, was the chief guest for the evening.
iv. Mr. Murali was conferred with this award in 1995.
v. Other recipients of this award were Narayanan in 1998, S.R. (Mani) Aiyer in 2001 and C K Ranganathan in 2004.
59. River Information System Like ATC To Be Launched For Inland Waterways Traffic
i. The Government has launched a River Information System (RIS) between Haldia and Farakka stretch of the National Waterway-1 (NW-1) on 06.01.2016.
ii. The system enhances swift electronic data transfer between mobile vessels and shore (Base stations) through advance and real-time exchange of information.
iii. RIS aims to streamline the exchange of information between waterway operators, regulators and users.
iv. This would facilitate: Inland navigation safety, Improvement in efficiency of inland navigation, Dissemination of information to vessels on the status of fairways, Provision of virtual aids to navigation and guidance to the vessels and Planning of voyages.
60. PepsiCo Named As New Associate Sponsor Of BCCI
i. Beverage giants PepsiCo has named as the new associate sponsor of BCCI , which was earlier pulled out as title sponsors of the Indian Premier League in October.
ii. BCCI has named it as BCCI's official associate sponsor for all international matches in India.
iii. The both entered into a 4 year partnership for refreshment, snacks and drinks besides grounds where the firm will try to garner maximum visibility for their brands.
iv. Besides, Pepsico, there would be two other official associate sponsors of BCCI, from which the cricket body would get Rs 150 crore for the next four years.
v. Names of the other two sponsors will be announced in the next 7-10 days. Apart from them Mobile commerce platform Paytm is the official title sponsor of the BCCI.
61. Chapchar Kut Festival Celebrated Across Mizoram
i. The traditional festival of Chapchar Kut of the Mizos was celebrated across the north-eastern state of Mizoram and also in the Mizo-inhabited areas in the neighbouring states.
ii. It is a spring festival celebrated every year in month of March.
iii. The festival is celebrated with great fervor and gaiety by Mizos after completion of their Jhum operation (shifting agriculture by clearing jungle by burning and cultivating in remnants of burning).
iv. The citizen belongs to the region dressed in traditional attire, exuberant dancers danced to the tune of typical music and songs. While popular Mizo dances including Cheraw, Sarlamkai, Chheihlam and Khuallam were performed by different cultural troupes.
v. Chapchar Kut Festival is estimated to have started in 1450-1700 A.D. in a village called Suaipui. In Aizawl, state state home minister R Lalzirliana was the 'Kut pa' or father of the festival, while state Art and Culture minister R Romawia was the 'Kut thlengtu' or host of the festival.
62. TCS chief N Chandrasekaran appointed to board of Reserve Bank
i. Tata Consultancy Services (TCS) CEO and managing director Natarajan Chandrasekaran and two others were on Friday appointed as non-official directors to the board of Reserve Bank of India (RBI).
ii. The Appointments Committee of the Cabinet (ACC), headed by Prime Minister Narendra Modi, has approved appointment of former Chief Secretary of Gujarat Sudhir Mankad as part-time non-official director on the central board of the RBI for a period of four years, an order issued by Department of Personnel and Training (DoPT) said.
iii. Mr Mankad was Chief Secretary of Gujarat from April 2005 to August 2007 when Narendra Modi was the Chief Minister of the state. Besides Mr Mankad, Mr Chandrasekaran of TCS has also been appointed as part-time non-official director on the RBI board, it said.
iv. Bharat Narotam Doshi, non-executive chairman of Mahindra & Mahindra, is the third part-time non-official director on the central board of the bank, the department said. Both Mr Chandrasekaran and Mr Doshi will have a tenure of four years.
v. The Reserve Bank's affairs are governed by a central board of directors. The board is appointed by the government of India. Besides the RBI Governor, there cannot be more than four deputy governors as full-time official directors of the central bank.
There can be ten non-official directors from various fields and two government officials.
63. Election Commission Announces Assembly Election In 4 States & 1 Union Territory
i. The Election Commission today announced the schedule for Assembly polls in four states — West Bengal, Tamil Nadu, Kerala, Assam and for Union Territory Puducherry. The Chief Election Commissioner Nasim Zaidi has announced the election date today in New Delhi.
ii. In Assam, elections will be held in two phases – April 4 and 11. In West Bengal, it will be held on April 4, 11, 17, 21, 25, 30 April, and May 5. In Tamil Nadu, Puducherry and Kerala, the elections will be held on May 16. Counting of votes for all five states will be done on May 19.
iii. The elections will also see for the first time a symbol, which has been created by the National School of Design, allotted to NOTA (None of the above) that will be placed at the bottom of the list of candidates. And If possible polling centers will be set up in blind schools, leprosy centers to ensure inclusiveness.
iv. This time all the polls will have Mobile squads with GPS-fitted vehicles and will be accompanied by central forces to ensure that they quickly attend to complaints.
v. There will be exclusive polling stations for differently-abled voters.
64. Pat Conroy, Prince of Tides And Great Santini Author, Dies At 70
i. Donald Patrick "Pat" Conroy was a New York Times bestselling author who has written several acclaimed novels and memoirs.
ii. Two of his novels, The Prince of Tides and The Great Santini, were made into Oscar-nominated films.
iii. Born in Atlanta, Georgia, USA, he was the eldest of seven children (five boys and two girls) born to Marine Colonel Donald Conroy, of Chicago, and the former Frances "Peggy" Peek of Alabama.
iv. Conroy grew up in a military family, moving many times during his childhood and adolescence and never having a hometown, as his family followed his father, a fighter pilot, who was transferred from military base to military base.
v. Conroy moved 23 times before he was 18 years old.
65. Cngress MLA R. Venkat Reddy Passes Away
i. Telangana Congress Former Minister Ramreddy Venkat Reddy passed away yesterday. He was undergoing with the treatment for cancer He was 72.
ii. Mr. Reddy was a 5 time MLA from Khammam District. The veteran leader, who was also Chairman of Public Accounts Committee of Telangana Assembly, was a Minister in Congress Governments led by Y S Rajasekhar Reddy and Kiran Kumar Reddy in undivided Andhra Pardesh.
iii. After the constituency was demerged, he shifted to Palair and won with comfortable majority in the 2014 elections.
iv. A soft spoken low-profile politician, Venkat Reddy served as Horticulture Minister in Y.S. Rajasekhara Reddy and Kiran Kumar Reddy Governments. Venkat Reddy’s brother R. Damodar Reddy is also a former Minister.
v. Chief Minister K Chandrasekhar Rao, Telangana Pradesh Congress Committee President N Uttam Kumar Reddy, its working President Mallu Bhatti Vikramarka, Congress Legislature Party leader K Jana Reddy, among others, condoled his death.
66. Legendary Film Archivist P.K.Nair Passed Away
i. P.K.Nair, the founder director of the Nationl Film Archive of India has passed away. He was 86. Nair, who was in critical condition since the last 10 days, passed away at a hospital in Pune due to cardiac arrest.
ii. He was instrumental in archiving several landmark Indian Films such as Dadasahe Phalke's " Raja Harishchndra " and " Kaliya Mardan".
iii. Paramesh Krishnan Nair, who had dedicated his life to preservation of films and building the collection of films at the NFAI.
iv. Nair joined the Film and Television Institute of India (FTII) in Pune as a research assistant in 1961 and went on to play a key role in setting up the National Film Archives of India (NFAI) in 1964.
v. He was appointed assistant curator in 1965 and continued with the NFAI till 1991.By the time when Mr. Nair retired as NFAI director, he had acquired a whopping 12,000 films for the archive out Of these, 8,000 were Indian and the rest foreign films. His life and work has been immortalized in the documentary Celluloid Man, made by Shivendra Singh Dungarpur.
67. Anirban Lahiri Jumps To 9th Spot At World Golf Championships
i. Indian golfer Anirban Lahiri turned in a second successive two-under 70 and jumped into the top-10 at tied ninth at the midway stage of the $9.5 million WGC Cadillac Championships.
ii. Lahiri, who had three birdies -- two of them in last three holes and one bogey, is still six shots behind the leader, Adam Scott, who is looking to make it two wins in two weeks Lahiri broke into the top 100 in the Official World Golf Ranking for the first time in March 2014 following a consistent season which included two victories on the Asian Tour.
iii. Lahiri learned to play golf at the age of eight from his father, Dr. Tushar Lahiri, a physician with the armed forces who was also a recreational golfer.
68. Indian Shooter Jitu Rai Clinches Gold 50m Pistol Gold
i. Jitu Rai (Nepali) (born 25 August 1987) is an Indian shooter of Nepalese origin, clinch the 50m pistol gold at the ISSF World Cup Bangkok.
ii. Jitu Rai beat China’s former World and Olympic Champion Wei to second place shooting 191.3 to Pang’s 186.5. Wang Zhiwei, also of China and an Olympic Bronze medallist, finished third with a final round score of 165.8.
iii. Jitu Rai reached the final by finishing third at the end of the 60 shot qualifying series with a score of 562.
iv. He led the field of eight top qualifiers with a score of 564, while Zheiwei followed him in second place scoring 563.
v. Former World Champion Tomoyuki Matsuda of Japan was also going to be a threat in the final given his recent form in the Asian Shooting qualifiers in Delhi.
69.Raisina Dialogue 2016 kicks off at New Delhi
i. The first Raisina-Dialogue 2016, a flagship conference on Geopolitics and Geo-economics began in New Delhi.
ii. The three day conference is joint initiative of Union Ministry of External Affairs (MEA) and Observer Research Foundation (ORF), an independent think tank based in India.
- The theme of Raisina-Dialogue 2016 is “Asia: Regional and Global Connectivity”.
- It will enable the MEA to reach out to a wider international multi-disciplinary audience.
- It will focus on Asia’s economic, physical, human and digital connectivity and shall attempt to discover challenges and opportunities for the region to manage its common spaces.
- It will be attended by speakers from 40 countries including Former Sri Lankan President Chandrika Kumaratunga, former Afghanistan President Hamid Karzai and Bangladeshi foreign Minister Mahmood Ali.
- It will provide platform to explore prospects and opportunities for Asian integration as well as Asia’s Integration with the whole world.
Note: The name of conference comes from Raisina Hill which is the elevation in New Delhi where presidential palace of India, Rashtrapati Bhavan is located. The conference has been organized on the lines of the Shangri-La Dialogue held in Singapore.
70.India moves to WTO against US on temporary working visa issue
i. India has filed a complaint against the United States decision to impose high fees L-1 and H-1B categories of temporary working visas in the World Trade Organisation (WTO).
ii. US had imposed fees on certain applicants for L-1 and H-1B categories of non-immigrant temporary working visas into the country.
iii. According to India, US measure is inconsistent with the global norms and it would impact Indian IT professionals as it makes Indian IT companies less competitive in that market. These measures appear to be “inconsistent” with the terms, limitations and conditions agreed under the GATS (General Agreement on Trade in Services).
- Earlier in 2015, US President Barack Obama had signed into law of spending package which had introduced a hefty $4,000 fee for certain categories of H-1B visa and $4,500 for L1 visa.
- Under this law, companies having more than 50 employees and having more than 50 per cent of their US employees on H-1B and L1 visas were forced pay the new fee from April 1, 2016.
- H-1B and L1 visas are temporary work visas for skilled IT professionals to work in US and India is the largest user of both H1B and L1 visas.
71.President Pranab Mukherjee inaugurates National Conference on Women Legislation
i. President Pranab Mukherjee inaugurated a National conference on ‘Women Legislators: Building Resurgent India’ in New Delhi.
ii. The conference intends to hone the skills of legislators to perform their legislative and non-legislative roles with greater effectiveness.
- The two-day conference will provide women legislators a platform to interact with their counterparts from across the country.
- It will also bring together women union ministers, chief ministers, MPs and eminent women from the judiciary and the bureaucracy.
- It will equip women legislators with latest knowledge in relevant areas and motivate, guide them in their twin roles as agents of socio-economic progress and as legislators.
- It will be attended by more than 300 women MPs and state legislatures and legislative council members, Union Ministers and Chief Ministers.
72.Uttar Pradesh Assembly passes UP Revenue Code (Amendment) Bill, 2016
i. Uttar Pradesh Assembly passed the UP Revenue Code (Amendment) Bill 2016 replacing an ordinance issued by the Governor Ram Naik.
ii. The Bill allows Dalits of the state to sell their land to non-Dalits in the state without approval of the administration even if their remaining holding is less than 3.5 acres.
- The bill seeks to bring changes existing revenue laws dating to the British era by further speeding up disposal of litigations over land ownership in rural areas.
- It also provision that allows land owners lease out their land for share-cropping purpose without the fear of losing it after 12 years.
- Ensures that wife gets equal rights on the gram samaj land given out on a lease signifying step towards empowerment of rural women.
- The bill has provisions for setting up of a new judicial cadre that will look after land revenue disputes in order to end disputes especially in cases of partnership.
73.Manoj Kumar to be conferred Dadasaheb Phalke Award
i. Veteran Film Actor and Director Manoj Kumar has been selected for the prestigious 47th Dadasaheb Phalke Award for the year 2015.
ii. He was unanimously selected by a five member jury consisted of Lata Mangeshkar, Asha Bhosle, Salim Khan, Nitin Mukesh and Anup Jalota.
About Manoj Kumar
- Manoj Kumar was born as Harikishan Giri Goswami on 24 July 1937 in Abbottabad (now in Pakistan), then part of British India.
- He had shifted to Delhi at the age of 10 due to India-Pakistan partition after independence. He entered in the film industry after graduating from Hindu College, University of Delhi.
- His debut role as an actor was in the film Fashion (1957) and as a leading role was in film Kaanch Ki Gudia (1960).
- He is remembered for his films Hariyali Aur Raasta, Himalaya Ki God Mein, Woh Kaun Thi, Do Badan, Patthar Ke Sanam, Upkaar, Neel Kamal, Purab Aur Paschim, Roti Kapda Aur Makaan, and Kranti.
- He is best known for acting in and directing films with patriotic themes. His first patriotic film was Shaheed (1965) based on the life of Bhagat Singh.
- Awards and Honours: He is a recipient of National Film Award (1968) for the film Upkaar. He also was honoured with the Padma Shri in 1992 and Filmfare Lifetime Achievement Award in 1999.
About Dadasaheb Phalke Award
The award is conferred by the Union Government on person for outstanding contribution to the growth and development of Indian Cinema.
Established in 1969 to commemorate the birth centenary year of father of Indian cinema Dadasaheb Phalke. It is the highest official recognition (award) in Indian cinema.
The Award consists of a Swarn Kamal, a cash prize of 10 lakhs rupees and a shawl. It is given on the basis of recommendations of a committee of eminent personalities set up by the Centre.
74. Gyan Sangam: 3rd Phase of Bank Reforms to Focus on Bad Loan
i. With mounting bad loans, the second edition of the Finance Ministry’s brain storming session with public sector banks focused on management of non-performing assets and consolidation in the sector.
ii. The two-day Gyan Sangam — an annual retreat of chiefs of public sector financial institutions, officials from the Finance Ministry and the Reserve Bank of India — recently held on March 4 and 5 in Gurgaon.
iii. The last year retreat was held for the first time in pune.
iv. The agenda would include- Restructuring and mergers and acquisitions of banks, NPA management and recovery, Technology, digital and financial inclusion, Credit growth, and Risk management.
v. “This retreat has been held to take forward the government’s commitment to reforms in the banking and financial sector. The growth and change in the financial sector ought to be in tune with the development in the real sector,” said the Finance Ministry.
75. Oil Minister Lays Foundation Stone Of Octomax Unit At Mathura (UP)
i. Dharmendra Pradhan, the Union Minister for Petroleum and Natural Gases laid the foundation stone of Country's 1st its of kind Octomax unit at Mathura refinery.
ii. It will help in the production of high octane gasoline.
iii. Octomax, a "novel technology" developed in-house by Research and Development Center of Indian Oil, involves conversion of cracked C4 streams to high-octane gasoline blending stock for production of Euro-IV/V equivalent gasoline.
iv. The cost of this project will be around 43 crore and is expected to be completed by October 2017. The capacity of the refinery plant will be of 55 KTA but it will increase later.
v. The unit on Octomax technology has been conceptualized and designed based on indigenous efforts. According to Mr. Pradhan "Mathura refinery will play major role in meeting government's target of introducing BS-VI standardizing petrol and diesel by 2020."
76. 27 Government Banks May Be Merged Into Just 6
i. Finance Minister of India Mr. Arun Jaitley has indicated that the Government may merge 27 public sector banks into just six.
ii. Because PSB is working under pressure to tackle their dismal bad loan scenario and consolidation is the way forward to handle this situation. This has been said in the recently held Gyan Sangam in Gurgaon.
iii. The time frame for the mergers will ensure there are no disruptions, the sources said. Because the banks are already short-staffed so downsizing would not be required.
iv. Apart from that an official from Ministry stated that an expert committee will be soon to setup to look into the issue and the committee will also work closely with the Banks Board Bureau (BBB) to identify the right matches for consolidation.
v. From April 1, 2016 the BBB will independently oversee consolidation and chalk out business plans for public sector banks. Since it is not feasible to bring down the government’s share in state-owned banks below 51%, consolidation to create strong banks is the only survival option. The finance ministry is also looking to merge the newly-launched Bharatiya Mahila Bank with the other PSBs.
77. Myanmar grants operating licenses to four more Asian banks including SBI
i. Myanmar has granted operating licenses to four Asian banks, bringing to 13 the number of foreign banks allowed to conduct business in the previously isolated country.
ii. Bank for Investment and Development of Vietnam, State Bank of India, Taiwan's Sun Commercial Bank and South Korea's Shinhan Bank, these are the four bank were granted preliminary licenses, Myanmar's Foreign Bank Licensing Committee.
iii. The decision is just the second time Myanmar has granted licenses for foreign banks to open since a semi-civilian government took over in 2011.
iv. The approval gives the banks 12 months to demonstrate they can fulfill business plans laid out in their.
v. Myanmar (formerly Burma), is a Southeast Asian nation of more than 100 ethnic groups.
78. Amrita Patel Gets Mahindra Lifetime Achievement Award
i. Dr Amrita Patel has been conferred with the Mahindra Samriddi India Agri Lifetime Achievement Aear-Krishi Shiromani Samman in New Delhi. Dr Patel is a former Chairman of National Dairy Development Board (NDDB). She served as its chief from 1998 to 2014.
ii. The award has been conferred by Union Agriculture Minister Radha Mohan Singh.
iii. Dr. Patel played a vita role in the implementation of Operation Flood, the largest development programme in the world.
iv. The operation flood programme helped to promote, finance and deliver a variety of supporting services to a national cooperative dairy structure that transformed the lives of millions of marginalized and small farmers and milk producers.
v. The award is given for her purposeful contribution that made a difference in the field of agriculture to increase productivity and rural prosperity.
79. Country's First Small Finance Bank To Start Ops On April 13
i. Jalandhar-based Capital Local Area Bank has become the first entity to receive the Reserve Bank of India‘s licence to start operations as a small finance bank.
ii. In september 2015 Reserve Bank of India granted in-principle licences to 10 applicants to set up small finance banks, including Capital Local Area Bank.
iii. The small finance bank will undertake basic banking activities of acceptance of deposits and lending to unserved and underserved sections including small business units, marginal farmers and unorganised sector entities.
iv. AS per Sarvjit Singh Samra, managing director of Capital Local Area Bank plans to start its small finance bank operations on April 13.
80. Amazon Is India's Most Trusted Online Shopping Brand
i. Amazon World's largest e-retailer is India's most trusted online shopping brand followed homegrown Snapdeal and Flipkart.
ii. Ebay, Myntra, Yepme, Jabong, Naaptol, Shopclues and Askmebazaar Other firms to figure in the top 10 trusted online shopping brands.
iii. The survey was conducted among 2,500 respondents, aged 21-50, across 16 cities and its findings have been compiled in the Brand Trust Report, India Study 2016. iv. The report is issued annually by TRA (formerly Trust Research Advisory).
v. According to TRA Chief Executive Officer N Chandramouli Amazon is India's most trusted online shopping brand with 36 per cent of the trust pie. Together, these three brands make up for 76 per cent of online shopping trust pie.
81. Tata Housing ties up with SBI for Women's Day offer
i. Real estate developer Tata Housing has partnered with the country's largest lender, State Bank of India, on the occasion of the International Women's Day.
ii. Tata Housing will allow its women customers to pay only 20 per cent of the agreement value while the balance can be paid on taking possession of the property, a company statement said here today.
iii. On its part, SBI will be offering home loans to its women customers at a special interest rate of 9.5 per cent per annum under the SBI Her Ghar scheme as part of the International Women's Day, which will be celebrated between March 8 and March 13, it said.
iv. Moreover, the SBI has waived processing fees on the home loan under the scheme, it added.
82. Investors' summit Begins in Gurgaon
i. The first two-day 'Happening Haryana Global Investors Summit 2016' has kicked off in Gurgaon, which has see participation from 12 countries.
ii. Besides several Union Ministers, a number of leading entrepreneurs and MNCs have taken part.
iii. The summit comes close on the heels of the Jat quota agitation in Haryana, in which 30 people were killed and property worth crores of rupees was destroyed.
iv. The participating countries are Czech-Republic, Japan, Mauritius, New Zealand, China, Korea, Malawi, Peru, Poland, Spain, the United Kingdom and Tunisia.
v. Finance Minister Arun Jaitley is the chief guest at the inaugural session while Khattar has delivered the keynote address.
83. Uttar Pradesh Assembly Passed the UP Revenue Code (Amendment) Bill 2016
i. Uttar Pradesh Assembly passed the UP Revenue Code (Amendment) Bill 2016 replacing an ordinance issued by the Governor Ram Naik.
ii. The Bill allows Dalits of the state to sell their land to non-Dalits in the state without approval of the administration even if their remaining holding is less than 3.5 acres.
iii. This bill also seeks to bring changes existing revenue laws dating to the British era by further speeding up disposal of litigations over land ownership in rural areas.
iv. It also provision that allows land owners lease out their land for share-cropping purpose without the fear of losing it after 12 years.
84. Email Inventor Ray Tomlinson Dies At 74
i. Ray Tomlinson, the inventor of email has passed away. He was 74. He died of an apparent heart attack.
ii. His invention included the ground-breaking use of the @ symbol in email addresses, which is now standard.
iii. The US computer programmer came up with the idea of electronic messages that could be sent from one network to another in 1971. Before Ray Tomlinson invention direct electronic messages users could only write messages to others using the same computer.
iv. He was the first to use the @ symbol in this way, to distinguish a user from its host.
v. His work was recognized by his peers in 2012, when he was inducted into the Internet Hall of Fame.
85. Renowned Singer And Actor Kalabhavan Mani Passed Away
i. Renowned Malayalam actor and folk singer Kalabhavan Mani passed away in Kochi on Sunday. He was 45.
ii. He had been hospitalized for liver ailment. Mr. Mani had bagged national special jury award in 2000 for his performance in Malayalam film Vasanthiyum Lakshmiyum Pinne Njaanum.
iii. The actor cum singer was from an economically backward family at Chalakkudy in Thrissur district. He has started his career as mimicry artiste at Kalabhavan in Kochi and then did comedy roles in Malayalam films. He was known for inimitable mannerisms as comedy artiste.
iv. Mani had acted in over 200 films in Malayalam and other South Indian languages.
v. He has 1st acted in the Malayalam Film Industry in 1993 however first noticed in the film "Sallapam" in 1996 and after that, through his characteristic laugh and dialogue delivery style, never had to look back and went on to act in Tamil and Telugu films.
86. American Actress Nancy Reagan died At 94
i. Nancy Davis Reagan was an American actress and the wife of the 40th President of the United States, Ronald Reagan. She died At 94
ii. She was born in New York City, After her parents separated, she lived in Maryland with an aunt and uncle for some years She was the First Lady of the United States from 1981 to 1989.
iii. Nancy Reagan, one of the most high-profile and influential first ladies of the 20th century, Nancy was born in New York City.
iv. Reagan died at her home in Los Angeles of congestive heart failure, according to her spokeswoman, Joanne Drake of the Ronald Reagan Presidential Library.
87. Patna Pirates Beat U Mumba 31-28 to Win 3rd Season Of Pro Kabaddi League
i. Season 3 of Star Sports Pro Kabaddi, ended on a high note with power packed action between U Mumba and Patna Pirates.
ii. Stamping their authority and continuing their dream winning streak, Patna Pirates beat the dominant U Mumba to emerge as Champions of Pro Kabaddi Season 3.
iii. The score closed at 31-28 in favour of Patna Pirates after a thrilling 40 minute play of perhaps the best kabaddi of the season, followed by Manpreet Singh, captain of Patna Pirates holding up the golden trophy amidst spectacular scenes of celebration.
88. Asia Cup 2016 Concludes In Bangladesh & India Won Its 6th Asia Cup Title
i. India beat Bangladesh by 8 wickets in the final to win their Asia Cup title. With this victory, India lifted their sixth Asia Cup title.
ii. This is the first time the Asia Cup was held in T20 format and India proved that why they are No.1 side in T20 Internationals.
iii. India finish their unbeaten run in the Asia Cup with a strong performance in the final. Bangladesh fought hard in phases but a victory with six balls to spare and eight wickets in hand is a pretty emphatic one in the end.
iv. The 2016 Asia Cup was a Twenty20 International (T20I) cricket tournament that was held in Bangladesh from 24 February to 6 March 2016.
v. It was the 13th edition of the Asia Cup, the fifth to be held in Bangladesh.
89.International Women's Day observed with campaign theme "PledgeForParity"
i. 8 March: International Women's Day (IWD) , International Women's Day was observed across the world on 8 March 2016.
ii. This year's theme for the Day is “Planet 50-50 by 2030: Step It Up for Gender Equality”. The campaign theme for the day is #PledgeForParity.
iii. United Nations observance and the idea of this theme reflect on how to accelerate the 2030 Agenda, building momentum for the effective implementation of the new Sustainable Development Goals.
iv. The theme will also focus on new commitments under UN Women’s Step It Up initiative, and other existing commitments on gender equality, women’s empowerment and women’s human rights.
v. 2016 International Women's Day (IWD) was observed in India by conferring the Nari Shakti Awards by President Pranab Mukherjee at Rashtrapati Bhawan. On the other hand, the day was observed in different states of India in different ways like around 40 acid attack survivors were felicitated with the Rani Laxmi Bai award and provided financial assistance in Uttar Pradesh.
90.Fitch Maintains India's Growth Forecast At 7.5 %
i. Fitch, the global rating agency has maintained India's growth forecast for India at 7.5 % for this fiscal ( 2015-2016 ) and also sees higher growth around 7.7 % & 7.9 % over the next two financial years. However, 8 per cent growth will remain elusive in the short term. The GDP growth in the first three quarters of this fiscal stands at 7.6%, 7.7% and 7.3%.
ii. The growth rate for the April-June quarter was revised sharply upward from a provisional 7% to to 7.7%, which has driven up the projections for the entire 2015-16 fiscal.
iii. Despite a slowdown in the third quarter, India's economic growth still outpaced China's 6.8% for the same period. Fitch also pitched for monetary policy easing.
iv. Fitch expects another 25 bps of monetary policy loosening, facilitated by the government’s recent announcement to maintain its fiscal targets for 2016-17 and 2017-18.
v. Fitch Ratings Inc. is one of the three nationally recognized statistical rating organizations (NRSRO) designated by the U.S. Securities and Exchange Commission in 1975, together with Moody's and Standard & Poor's, and the three are commonly known as the "Big Three credit rating agencies". Fitch Ratings is dual-headquartered in New York, USA, and London, UK.
91.E- Haat : A Online Marketing Platform Launched By Union Government
i. Union Minister for Women and Child Development Maneka Sanjay Gandhi launched Mahila e-Haat portal in New Delhi to facilitate women entrepreneurs to sell their products to buyers.
ii. It will provide access to markets to thousands of women who make products and are spread all over the country. The Mahila e-Haat portal, http://mahilaehaat-rmk.gov.in, is an online marketing platform.
iii. It is an initiative for women across the country as a part of ‘Digital India’ and ‘Stand Up India’ initiatives of Prime Minister, Shri Narendra Modi.
iv. On the occasion of the launching Mrs. Menka Gandhi, the minister for Women & Child Development said that this empowerment of women will take place in three stages in which Mahila E-Haat is the first stage. In the second stage, it is planned to integrate it with e-commerce portals to provide a larger platform for selling and buying. Ultimately it will culminate into Women’s Entrepreneurs Council which will help to expand this initiative further and give it an institutional shape.
v. It is a Joint initiative of Union Women and Child Development Ministry and Rashtriya Mahila Kosh (RMK) for meeting the needs of women entrepreneurs. And the objective of this platform is to strengthen the financial inclusion of women entrepreneurs by providing continued support to their creativity.
92. PM selects another village in Varanasi for development under SAGY
i. Sansad Adarsh Gram Yojana (SAGY) is a rural development programme broadly focusing upon the development in the villages which includes social development, cultural development and spread motivation among the people on social mobilization of the village community.
ii. Prime Minister Narendra modi is member of parliament from varanasi utter pardesh.
iii. PM has selected another village for adoption in his Varanasi Constituency of U.P. for development under the Saansad Adarsh Gram Yojana (SAGY).
iv. Nagepur, a village dominated by backward castes has been selected under the second phase of the Yojana.
v. Earlier, Prime Minister had adopted Jayapur village in the same Varanasi constituency in the first phase in 2014.
93.Govt to import 8,500 tonnes of pulses
i. Government has contracted import of Eight thousand Five Hundred tonnes of pulses and the shipments are on the way.
ii. The pulses procurement for buffer stock has also surpassed the target of 50 thousand tonnes set for this kharif season.
iii. Consumer Affairs Secretary C Viswanath today reviewed the prices and availability of essential commodities at an inter ministerial meeting in New Delhi.
iv. According to an official release, consumer affairs, agriculture and commerce ministries now have been asked to start procurement of masoor, gram dal and other rabi pulses.
v. During the meeting, the representative of the agriculture ministry said the area under oilseed production in 2015-16 rose by 2.1 per cent and mustard output is expected to be higher by 6 lakh tonnes. The meeting also reviewed production of tomato in the country and its price trends. Tomato output is also expected to increase by 11.6 per cent in 2015-16.
94.Union Government announced to withdraw tax proposal on Employee Provident Fund
i. Union Finance Minister Arun Jaitley on 8 March 2016 announced to withdraw proposal to tax Employee Provident Fund (EPF) withdrawals.
ii. He announced to withdraw the proposal while clarifying NDA government’s stand on the issue in the Lok Sabha.
iii. He further stated that government would also like to comprehensively review EPF tax proposal.
iv. However, government retained the tax proposal for National Pension Scheme (NPS) withdrawals.
v. The proposal was made by the Union Finance Minister Arun Jaitley while presenting the Union Budget 2016-17 in the Lok Sabha on 29 February 2016. As per the proposal 60 percent of the amount deposited in the EPF account of the employee would be taxable at the time of withdrawal, and 40 percent would be tax free. This proposal would have become effective from 1 April 2016.
95.Indian Railways Signs Agreement With Bajaj Power
i. Bajaj Power Generation Company has signed an agreement with the Indian Railways for electrification of the Lalitpur-Udaipura rail section under the public private partnership (PPP).
ii. With the help of Bajaj the Railways would complete the electrification work in a year's time under its customer funding scheme.
iii. It would cost nearly around Rs 47 crore. The electrified rail section is expected to facilitate uninterrupted coal supply to its plant and also help running of fast passenger trains in the area.
iv. Bajaj Power Generation Company (BPGC) is setting up a 1,980 megawatt (mw) thermal power plant in Lalitpur district of Uttar Pradesh. While, two units of 660 mw each had already been commissioned in September and December 2015 respectively, the third unit of 660 mw is scheduled to start generating later this month.
v. The total investment in the plant is pegged at Rs 16,000 crore. BPGC President (commercial) Dwarikesh Sharma and North Central Railway (NCR) Additional Divisional Railway Manager (ADRM) Jhansi Vinit Singh signed the agreement on behalf of their respective organisations.
96.Banks disburse over Rs 1.15 lakh cr under PM Mudra Yojana
i. Banks have so far disbursed over Rs 1.15 lakh crore under Pradhan Mantri MUDRA Yojana (PMMY), Financial Services Secretary Anjuly Chib Duggal said today.
ii. Micro Units Development and Refinance Agency Ltd (MUDRA) focuses on 5.75 crore self-employed who use funds totalling Rs 11 lakh crore and provide jobs to 12 crore people. Under PMMY, loans between Rs 50,000 and Rs 10 lakh are provided to small entrepreneurs. "We have been working with MUDRA. It has been a runaway success.
iii. we are looking at Rs 1.15 lakh crore plus right now," she said at an event organised by MFIN here.
iv. The scheme was launched by Prime Minister Narendra Modi in April last year.
v. Three products available under the PMMY are Shishu, Kishor and Tarun, to signify the stage of growth and funding needs of the beneficiary micro unit or entrepreneur.
97.SoftBank Splits Into Two Subsidiaries
i. Japanese investment bank SoftBank Group Corporation has announced a major reorganization of its businesses.
ii. The firm has said that it is in planning to separate its profitable domestic mobile business from its international business, which includes a majority stake in US mobile operator Sprint Corp. Both the subsidiaries will be 100-percent owned by SoftBank.
iii. According to the company, the “strategic” move will shift SoftBank’s stakes in U.S. wireless carrier Sprint and Chinese Internet company Alibaba Group Holding to a new global operations management subsidiary.
iv. SoftBanks Japanese assets including Yahoo Japan Corporation will funnel into a separate domestic operations management company.
v. SoftBank’s President Nikesh Arora will now head the overseas management company, whose holdings also include a 32 % share of Chinese e-commerce giant Alibaba Group Holding Ltd. and a range of other Internet and technology firms. SoftBank’s Japanese telecom business and shares in domestic Internet firms such as Yahoo Japan will be managed by a separate company led by Ken Miyauchi, who now heads SoftBank’s Japanese mobile operations, the company said in a statement
98.Countdown for launch of India’s 6th navigational satellite IRNSS-1F begins in Sriharikota
i. Countdown for the launch of PSLV-C32 to place India's sixth navigational satellite IRNSS-1F in the orbit started at Satish Dhawan Space Centre in Sriharikota this morning.
ii. ISRO's workhorse PSLV-C32 will lift off at 4 PM on Thursday.
iii. ISRO sources said, Mission Readiness Review committee and the Launch Authorisation Board met at Sriharikota yesterday evening and cleared the 54 and half hour countdown which started at 9:30 AM today. The sources said, during the countdown, propellant filling operations would be taken up in the four stage vehicle.
99.South Korea, US began largest ever military exercises
i. The US and South Korean troops on 7 March 2016 began their largest ever military exercises off the coast of the Korean peninsula.
ii. The bilateral exercises come just days after the UN passed new sanctions against Pyongyang, North Korea following its recent nuclear test and rocket launch. The 8-week long drill will involve about 300000 South Korean troops and 15000 US personnel.
iii. These are being conducted near the demilitarized zone separating the two Koreas and off the eastern coast of South Korea. Drills will include ground, air, naval and Special Operations components apart from the computer-simulated training.
iv. Meanwhile, North Korea has warned South Korea and US of indiscriminate and pre-emptive nuclear strikes if the two allies go further with the drills. The threat from Pyongyang follows its leader Kim Jong-Un's order last week asking country's nuclear arsenal to be placed on standby for use at any moment against the South.
100.France Highest Honour "Legion d'Honneur" To Saudi Prince
i. President Francois Hollande has awarded the Legion d’Honneur, France’s highest honour, to visiting Saudi crown prince Mohammed bin Nayef. Nayef was cited for his “efforts in the fight against terrorism and extremism."
ii. But the France has been accused of devaluing its highest national honour after that the Legion of Honour was quietly awarded to the Crown Prince of Saudi Arabia on a visit to Paris.
iii. Earlier this year, The French government was among the most vocal outside the Middle East in its condemnation of Saudi mass executions, calling the kingdom’s killing of 47 people “deeply deplorable”. Yet almost two months to the day after that statement was issued, President François Hollande awarded his nation’s most prestigious award to the heir to the Saudi throne, Prince Mohammed bin Naif.
iv. The Legion of Honour is regarded as among the first and most prestigious modern orders of merit in the world. In both France and the UK, there was anger at the decision to award the symbolically significant medal to the deputy leader of a country which has executed 70 people since the start of the year.
DAILY GK 51 TO 100 -- MARCH 2016 Reviewed by sambasivan srinivasan on 8:26:00 AM Rating: