Home Daily Updates IMPORTANT CURRENT AFFAIRS & DAILY NEWS UPDATES : 24 -FEBRUARY - 2016
IMPORTANT CURRENT AFFAIRS & DAILY NEWS UPDATES : 24 -FEBRUARY - 2016
Wednesday, 24 February 2016 03:04

 

DAILY NEWS UPDATES

24 -FEBRUARY - 2016

 

KALIKHO PUL SWORN IN AS CHIEF MINISTER OF ARUNACHAL PRADESH

Kalikho Pul was sworn in as the ninth Chief Minister of Arunachal Pradesh.

Pul was sworn in as the CM with the support of 18 rebel Congress MLAs, and two Independents and 11 BJP MLAs who gave outside support.

State Governor J P Rajkhowa administered the oath of office to Pul around 9.30 in the night.

Background

Arunachal Pradesh witnessed a political crisis after 14 Congress MLAs were suspended by Speaker Nabam Rebia in June 2015.

Later in December 2015, the Deputy Speaker TN Thongdok cleared an impeachment motion against the Speaker owing to his personal relationship with Chief Minister Nabam Tuki.

On 26 January 2016, President Pranab Mukherjee approved the Union Cabinet’s recommendation for the imposition of President’s rule on Arunachal Pradesh.

The President’s Rule was lifted after the Supreme Court vacated its interim order to maintain status quo in the Arunachal Pradesh assembly, paving the way for government formation.

President Pranab Mukherjee approved the recommendation of the Union Cabinet for revocation of the President's Rule in the state.

INDIA, NEPAL SIGNED SEVEN AGREEMENTS INCLUDING UTILISATION OF INDIAN GRANT OF 250 MILLION US DOLLARS

India and Nepal inked and exchanged seven agreements and Memorandum of Understandings (MoUs) to boost the bilateral cooperation.

The agreements covered utilisation of Indian grant of 250 million US dollars to Nepal for post-earthquake reconstruction and another on improving of roads in Terai region.

These agreements were signed during the state visit of Prime Minister of Nepal KP Sharma Oli to India. Oli is on a five day visit to India (19-24 February 2016), which was his first foreign visit after assuming office in October 2015.

The signed agreements/MoUs were

• MoU on utilization of 250 US dollars million Grant component of India’s Assistance package for Post-earthquake reconstruction assistance – the grant will be ustilised in four identified sectors and they are housing, health, education and cultural heritage.

i. In housing, 100 million US dollars would be utilised for construction of 50000 houses in 14 severely earthquake affected districts.

ii. 50 million US dollars each would be utilised in health, education and cultural heritage sectors in 31 earthquake affected districts of Nepal.

• MoU on strengthening of road infrastructure in the Terai area of Nepal - This MoU will enable speedy implementation of remaining work on 17 Roads in Package 2, 3, 4, 5 and 6 of the Terai Road Phase-I project, totaling 518 kms. Two roads in Package 1 totaling 87 kms have already been completed.

• MoU between Nepal Academy of Music and Drama and Sangeet Natak Academy - This MoU aims to enhance relations between India and Nepal in the field of performing arts through exchanges of experts, exponents, dancers, scholars and intellectuals.

• Letters of Exchange on Transit Routes - the routes include

i. Transit between Nepal and Bangladesh through Kakarbitta-Banglabandh corridor

ii. Operationalization of Vishakhapatnam Port

This Exchange of Letters between India and Nepal would result in simplification of modalities for traffic of goods between Nepal and Bangladesh while transiting through India, through the Kakarbhitta (Nepal) and Banglabandha (Bangladesh) corridor. This Exchange of Letters would provide for transit facilities for Nepal through the Vishakhapatnam port.

• Letters of Exchange on Rail Transport - the areas include

i. Rail transport to/from Vishakhapatnam

ii. Rail transit facility through Singhabad for Nepal’s Trade with and through Bangladesh

This Exchange of Letters would allow for rail transport to and from Vishakhapatnam to Nepal. This Exchange of Letters would help operationalise rail transit facility through Singabad in India for Nepal’s trade with and through Bangladesh.

• Inauguration of Muzaffarpur-Dhalkebar transmission line [Initial supply of 80 MW, to be augmented to 200 MW by October 2016 and 600 MW by December 2017] - The Nepal portion of the 400 KV Muzaffarpur-Dhalkebar transmission line is being implemented by Government of Nepal, under an LoC of 13.5 million US dollar.

80 MW power would flow immediately through this line, with an initial charge of 132 KV. Thereafter, it will be augmented to 200 MW in October 2016 at 220 KV, and then to 600 MW by December 2017 at 400 KV.

• Establishment of Eminent Persons Group - At the third meeting of the India–Nepal Joint Commission held at Kathmandu in July 2014, it was decided to establish an Eminent Persons Group (EPG).

The EPG comprises eight members with each country nominating four members, preferably a parliamentarian, a lawyer, an economist and a civil society activist. 
The EPG has now been constituted. Its mandate would be to comprehensively review bilateral relations and recommend measures including institutional frameworks to further enhance bilateral ties.

RONNIE O'SULLIVAN DEFEATED NEIL ROBERTSON TO WIN 2016 WELSH OPEN

Ronnie O'Sullivan won seven frames in a row to beat Neil Robertson 9-5 and win 2016 BetVictor Welsh Open title held at the Motorpoint Arena in Cardiff, Wales.

O'Sullivan met Robertson in the final. Despite trailing 3–5 after the afternoon session, O'Sullivan won all six frames played in the evening session to defeat Robertson 9–5 and equal John Higgins' record of four Welsh Open titles.

It was O'Sullivan's 28th ranking title, which put him in joint second place with Higgins and Steve Davis for the number of career ranking titles.

About Ronnie O'Sullivan

Ronald Antonio O'Sullivan is an English professional snooker player.

He is one of the most successful players in the sport's modern era.

He is regarded by many commentators as the most naturally gifted player in snooker history, and is frequently described as a genius.

He is also noted for his mercurial temperament and for his ambivalent relationship with the sport, from which he has repeatedly threatened to retire.

He made his first century break at the age of 10.

His first maximum break came at age 15.

He turned professional in 1992 and soon earned the nickname The Rocket because of his rapid playing style.

He achieved his first major professional success when he won the 1993 UK Championship at the age of 17 years and 358 days, making him the youngest player ever to win a ranking title.

He is also the youngest player to have won the Masters.

He holds the record for the most competitive century breaks, with 807.

He also holds the record for the most ratified maximum breaks in professional competition and for the three fastest competitive maximum breaks, the quickest in 5 minutes and 20 seconds.

About Welsh Open

The Welsh Open is a professional ranking snooker tournament.

It replaced the Welsh Professional Championship, which started in 1980 and was only open to Welsh players.

Since the tournament's creation in 1992, Mark Williams has been the only Welsh player to win the championship (in 1996 and 1999).

John Higgins and Ronnie O'Sullivan hold the record for the most wins, with four Welsh Open titles each.

John Higgins was the winner of 2015 Welsh Open.

PUNJAB WARRIORS DEFEATED KALINGA LANCERS TO WIN 2016 HOCKEY INDIA LEAGUE

The Jaypee Punjab Warriors defeated Kalinga Lancers 6-1 to clinch Hockey India League (HIL) title in the fourth edition of the six-team tournament at the Birsa Munda Hockey Stadium in Ranchi, Jharkhand.

The Punjab Warriors were third time lucky as they had finished runners-up in the last two editions. They lost to Delhi Waveriders in 2014 and to Ranchi Rays in 2015.

Jharkhand Chief Minister Raghubar Das presented the winner's trophy to Jaypee Punjab Warriors captain Sardar Singh and Mark Knowles.

The Player of the Tournament Award of 50 lakh rupees was awarded to Rupinder Pal Singh of Delhi Waveriders.

Mark Knowles of the Punjab Warriors was awarded with the Man of the Match Award, which carried 50000 rupees. The Goal of the Matchaward of 50000 rupees was awarded to Armaan Qureshi of the Punjab Warriors.

The Emerging Player of the Match award of 25000 rupees was awarded to Armaan Qureshi.

The Dhruv Batra Maximum Goals award of 20 lakh rupees was awarded to Kalinga Lancers' Glenn Turner. The Ponty Chadha Upcoming Player of the Tournament award of 20 lakh rupees went toSumit of Ranchi Rays.

About Hockey India League

Hockey India League (HIL), known as the Coal India Hockey India League for sponsorship reasons, is a professional field hockey league in India.

The league is organized by Hockey India, the governing body for the sport in India.

• Hockey India League was founded in 2013 as part of Hockey India's attempt to get an International Hockey Federation sanctioned league after the un-sanctioned and non-Hockey India tournament, World Series Hockey, began in 2012.

ISRO SUCCESSFULLY TESTED HIGH-THRUST CRYOGENIC ENGINE CE-20

The Indian Space Research Organisation (ISRO) successfully tested high-thrust cryogenic engine CE-20 at its Propulsion Research Centre in Mahendragiri, Tamil Nadu.

The successful hotbed test lasted 640 seconds and paved the way for the first developmental flight of the GSLV Mark 3 in December 2016.

The GSLV Mark 3, the biggest rocket made in India, will be capable of launching 4-tonne satellites into geosynchronous orbit.

So far India's GSLVs were being powered by cryogenic engines given by Russia. But this development marks a milestone in the country's effort to develop a big cryogenic engine to fly satellites of up to five tonnes.

About Cryogenic Engine

• It uses Hydrogen as fuel, stored at minus 253 degrees Celsius and liquid oxygen as oxidizer at minus 193 degrees Celsius.

• The CE-20 has been developed at the Liquid Propulsion System centre (LPSC) in Thiruvananthapuram, Kerala.

• It can develop the thrust needed in the final stage of the rocket to put satellites, weighing two tonnes or more, into a geosynchronous orbit.

• It will also give boost to India’s interplanetary probes and manned space missions.

• It is essential to master this technology for any space power as launching heavier satellites requires cryogenic engines even in the lower stages of the rocket.

Background

India has been on a long arduous journey to develop an operational indigenous cryogenic engine which began around 30 years ago.

The first success came in January 2014 when India successfully launched GSLV-D5, marking the first successful launch of a vehicle with an indigenous cryogenic engine. But at present, India can only launch satellites of up to two tonnes.

MALAYALAM FILM OTTAL NAMED BEST CHILDREN'S FILM AT BERLIN INTERNATIONAL FILM FESTIVAL

Malayalam film “Ottal” was named the Best Children's Film at the 2016 Berlin International Film Festival in Germany. It was honoured with the Crystal Bear Award in the 'Generation K-Plus' section.

The film, directed by Jayaraj Rajasekharan Nair, is about the story of an old fisherman and his grandson. The movie is an adaptation of Anton Chekhov's short story 'Vanaka'.

Jayaraj is known for adapting literary classic into films. He has earlier made films based on Shakespeare's works such as "Othello" and "Antony and Cleopatra". This is the third year in a row that Indian films have triumphed.

Earlier winners were "Killa" 2014 and "Dhanak" 2015.

"Ottal" bagged the National Award for best film on Environment Conservation/Preservation and it set a record at 20th International Film Festival of Kerala by sweeping all the top awards.

The 66th annual Berlin International Film Festival was held from 11 February to 21 February 2016, with American actress Meryl Streep as the President of the Jury. The Honorary Golden Bear for lifetime achievement was presented to German cinematographer Michael Ballhaus.

Hail, Caesar! directed by Joel and Ethan Coen, was selected to open the festival. The Golden Bear was awarded to the Italian documentary Fire at Sea, directed by Gianfranco Rosi.

NEW ZEALAND CRICKETER BRENDON MCCULLUM SCORED FASTEST TEST CENTURY IN 54 BALLS

New Zealand cricket team captain Brendon McCullum scored fastest test century. McCullum scored the century in record 54 balls against Australia on the first day of the 2nd match that was played for Trans-Tasman Trophy in Christchurch, New Zealand.

To score the fastest and the 12th test century, the 34-year old player took 2 balls less than West Indies' Viv Richards and Pakistan's Misbah-ul-Haq who jointly held the previous record.

While Viv Richards scored it against England in Antigua in 1986, Misbah-ul-Haq’s century came against Australia in Abu Dhabi in 2014 in 56 balls.

Incidentally, for McCullum, the century came in his final and 101st test in which he also made the following records –

• 183.54 strike rate: McCullum's strike rate in his 79-ball 145. It is the second highest in innings of 100 or more runs. So far, only Viv Richards' strike rate of 189.75 in his 58-ball 110 not out is higher.

• 106 Sixes: McCullum started the innings with 100 sixes, the joint highest with Adam Gilchrist of Australia. With six sixes in the match, McCullum’s 106 became the most by any batsman in test history.

ITALY'S SARA ERRANI CLINCHED DUBAI TENNIS CHAMPIONSHIPS TITLE

Italy’s Sara Errani defeated Czech Republic’s Barbora Strycova to clinch the WTA Dubai Duty Free Tennis Championships women’s singles title.

A former Top 10 fixture and French Open finalist, Errani's greater big-match experience shone through as she emerged victorious by a 6-0, 6-2.

About Sara Errani

As of 14 September 2015, Sara Errani is the Italian no. 3 and ranked world no. 21 in singles and world no. 29 in doubles.

She has won nine career singles titles, and 25 career doubles titles, including five Grand Slam championships and five Premier Mandatory/Premier 5 titles.

Known as a clay-court specialist, she won three titles on clay going into the 2012 French Open, where she reached the finals in both the singles and doubles tournaments, winning the doubles title with her partner Roberta Vinci. They also won the doubles titles at the 2012 US Open, and the 2013 and 2014 Australian Open. By winning the 2014 Wimbledon Women's Doubles title together, they became only the fifth pair in tennis history to complete a Career Grand Slam.

About Dubai Duty Free Tennis Championships

The Dubai Tennis Championships is also known as the Dubai Duty Free Tennis Championships for sponsorship reasons.

It is a professional tennis tournament owned and organized by Dubai Duty Free and held annually in Dubai, United Arab Emirates on outdoor hardcourts.

The tournament takes place at the end of February and organizes a men's and women's event.

The tournament takes place under the patronage of Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and ruler of Dubai.

In 2001, the ATP upgraded the tournament from a 250 level to a more prestigious 500 level tournament.

Romania’s Simona Halep was the winner of the women’s singles title in 2015.

JAT PROTEST PARALYSES HARYANA

  • Violence triggered by the Jat agitation for reser- vation spread to more areas in Haryana on Saturday, with reports saying protesters set fire to vehicles and public and private property and blocked roads and the rail- way track. Four persons were reportedly killed and several injured in the State as security forces opened fire.
  • Security personnel resort- ed to firing after protests erupted in Rohtak and Jhaj- jar districts, taking the death toll to five. A hospital oicial in Rohtak said two persons were brought dead to the Pandit Bhagwat Dayal Sharma Postgraduate Institute of Medical Sciences (PGIMS) in Rohtak and one critically injured patient died after an operation.
  • Curfew has been clamped in more towns, including Jind, Hisar, Hansi, Sonipat and Gohana.

REFERENDUM IN BRITAIN FOR EUROPEAN UNION MEMBERSHIP

  • British Prime Minister David Cameron called a June 23 referendum on member- ship of the European Union as he sought to rally his divided Conservative Party behind a deal which he said would guarantee Britain’s prosperity and security in the bloc.
  • After spelling out details of the deal -- clinched at an EU summit in Brussels -- to his senior Ministers, Mr. Cameron said he had secured the Cabinet’s backing to recommend to voters that Britain stay in the bloc it joined in 1973.
  • The agreement granted Britain an explicit exemption from the founding goal of an “ever closer union”, offered concessions on the welfare rights of migrant workers andsafeguards for the City of London.

MATRIBHASHA DIWAS TO BE OBSERVED ON MARCH 3 BY UNIVERSITIES AND COLLEGES

  • Universities and colleges across the country will now have to mark March 3 on their calendars.
  • While educational institutions thought they do not have to conduct any activities on ‘Matribhasha Diwas’ on February 21 as it happens to be a Sunday, the University Grants Commission (UGC) has asked them to observe the day on March 3 instead.
  • ‘Matribhasha Diwas’ is otherwise observed as International Mother Language Day across the world.
  • The theme for 2016 is ‘Quality education, language(s) of instruction and learning outcomes.’
  • According to an earlier letter by the UGC to education institutions, they are expected to organise “elocution, debating, singing, essay writing competitions, painting competitions, music and drama performances, exhibitions, online resources and activities.

NOBLE LAUREATE SATYARTHI WANTS MORE BUDGETARY ALLOCATION TO CHILDREN

  • Though children below 18 years of age constitute 41 per cent of the country’s population, the budgetary allocation for them remains dismal, child rights campaigner and Nobel Laureate Kailash Satyarthi said.
  • He said: “India is proud of being the youngest society in the world… We all talk about demographic dividend but when it comes to investment on children, on their health, education and protection, it is dismal I would say. This is only four per cent or less of the budget on children health edu- cation and protection.”
  • Mr. Satyarthi also said no country could accomplish inclusivity and sustain development, along with social developmentand peace, unless it gave priority to the health and education of its children.
  • Speaking on the proposed amendments to the existing law on child labour, he ex- pressed the hope that Parliament would pass a progressive law.
  • While the existing law identified 83 hazardous occupations prohibiting children from working, Mr. Satyarthi said the proposed amendment reduced the number of hazardous occupations only to three.

BRITAIN’S EXIT FROM EUROPEAN UNION WILL HAVE FAR-FETCHED REPERCUSSIONS

  • A British exit from the European Union would rock the Union — already shaken by differences over migration and the future of the euro zone — by ripping away its second-largest economy, one of its top two military powers and by far its richest financial centre.
  • Pro-Europeans warn an exit could also trigger the break-up of the United King- dom by prompting another Scottish independence vote.
  • The $2.9-trillion British economy would face years of uncertain negotiations over the terms of a divorce.
  • Prime Minister David Cameron is due to make a statement to Parliament on Monday, triggering the start of the campaign for the referendum on EU membership he called after striking a deal with the Union.
  • Opponents of EU membership say Britain would pros- per outside what they say is a doomed Germany-dominated bloc that punches way below its weight on the world stage.
  • The issue of Europe has divided the Conservatives for three decades and played a major part in the downfall of Cameron’s two Conservative predecessors, Margaret Thatcher and John Major.

INDIA, NEPAL SIGN SEVEN ACCORDS

  • India and Nepal signed seven agreements at a summit meeting of Prime Minister Narendra Modi and his Nepal counterpart K.P. Sharma Oli, even as leaders of the Madhesi people in Nepal threatened one more blockade.
  • Addressing the press after the signing ceremony at the Hyderabad House, Mr.Oli said that both sides were determined to avoid the disruption of Nepal’s transit facilities as experienced over the past five months.
  • Referring to Nepal’s dependence on India for receiving essential commodities, Mr.Oli said without naming Madhesi protesters, “Unscrupulous elements should not be allowed to abuse the open borders between Nepal and India”.
  • Though both the sides tried to address the grievances of the pro-blockade agitators by agreeing to build a road network in the Madhesregion, the leaders of the Madhesis are planning more agitation.

XIV FINANCE COMMISSION MEMBERS WANTS INDEPENDENT COUNCIL FOR BUDGET

  • Members of the XIV Finance Commission have questioned the government’s failure to act on its recommendation to constitute an Independent Fiscal Council that objectively evaluates budget announcements and forecasts, stressing that such an institution was critical to improve the government’s credibility on fiscal management.
  • The Centre opts for creative accounting, pauses or simply doesn’t follow the targets it has submitted toParliament under the Fiscal Responsibility and Budget Management (FRBM) Act of 2003.
  • States have constraints in managing their finances as the RBI controls their defi- cit and cannot float a bond on a state’s behalf without the Centre’s approval. Since the 2003 FRBM law came into effect, there have been four pauses in the def- icit targets enshrined in it and a few occasions where the targets have been flout- ed.
  • The Commission had recommended a sharp in- crease in allocations to state governments in its re- port released last February, which the government accepted.
  • It had also mootedan Independent Fiscal Council as an oversight body over the finance ministry.
  • The council would report to the Parliament on how realistic government projections are, citing similar independent budget and fiscal management monitoring offices in 35 countries.

CHRISTINE LAGARDE SAYS SPILLOVERS ARE NECESSARY FOR G20

  • IMF Managing Director Christine Lagarde said that G20 finance ministers and central bank governors should focus on global economic spillovers from their policy decisions when they meet in Shanghai.
  • The G20, is going to have to focus on spillovers, on spillbacks and on the combination of various policies in play at the moment.
  • Lagarde said that at the moment, the “asynchronicity” of U.S., Japanese and European monetary policies needed to be reviewed and practices better coordinated.
  • She also said that G20 ministers should examine the interactions of their countries' fiscal policies and structural reform moves.

BANKS REQUIRE HOLISTIC CURE

  • Even as mounting bad loans have put Indian banks in a pincer-like situation, the idea of a government-backed ‘bad bank’ has kicked of quite a debate.
  • ‘Bad bank’ concept allows a government-supported entity to buy bad loans from stressed banks at a fair price (dis- count). Such an entity will then be responsible for recovering the debt.
  • The objective is simple – to help banks clean up their books, and use their capital resources (which are other- wise locked up in making pro- vision for bad loans) for funding the growth in credit needs.
  • The current debate also comes close on the heels of Italy and the EU inking an agreement to allow the Italian banks sell their NPA (non- performing assets) portfolios to private investors with government guarantee.
  • Pointing out that these public sector banks are backed by the Government, he has argued against creating a new entity.
  • A national asset reconstruction company (ARC) or `bad bank’ – given its size and expertise - can fetch multiple advantages to stakeholders, and bring about a quicker resolution to the recovery problems posed by the NPA imbroglio.
  • The NPA levels of these banks are over Rs.3 lakh crore. How much of these can be ab- sorbed by such an ARC or`bad bank’? Even allowing for a discounted price for such purchases, the effort requires quite a funding from the Government.
  • A resource-constrained Government will have difficulty in providing money for this. Elsewhere in the globe, national ARCs were funded by issuing long-term Government-guaranteed bonds.

 

 

LIFE ACTUALLY GIFTS US EVERYTHING WE NEED and everything in life can be a gift filled with pleasure if we transform our thoughts to think so... We really need to believe in the generosity of life.. We must also learn to be generous and kind to ourselves as well as those whom we come in contact with... If that makes you happy and you’re good to everybody around you, why not....

The dream of your life grows with every experience you have, which means that your dreams are constantly transforming and many a time the changes happen without you being consciously aware of the changes... Your power to transform your dreams is real and within you... When you discover that you have the power to create a dream of heaven, you will want to change your dreams and challenge your beliefs... All your life you may have tried to be good enough for somebody else, and you may have left yourself last in your priority list...

You may have sacrificed your personal freedom to live according to somebody’ else’s point of view... Restart this lovely morning by putting yourself first in your own priority list, maybe for the time left in your life.... You can relearn how to love yourself by accepting yourself, unconditionally... When you practice loving your authentic self more and more, when you love yourself unconditionally, you are no longer an easy prey for any outside predator who wants to control your life....

You no longer sacrifice yourself for anyone or will be disturbed when someone detaches from you emotionally.... If you practice self-love, constantly you will become a master (or a mistress) of love and grow to being the eternal fountain and an universal distributor of unconditional love.... Always do your best in everything that you do... By doing your best, over and over, eventually you are going to master the art of transformation.... When you always do your best, you’re taking positive action, you’re transforming yourself and you’re changing the dream of your life and making your life far more special than it has ever been !!
‪#‎RAY‬ - ‪#‎Empowering‬ ‪#‎Talent‬ ‪#‎Since‬ 1971
www.rosemaryinstitute.com

 

Last Updated on Thursday, 25 February 2016 03:41
 

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