Home Daily Updates IMPORTANT CURRENT AFFAIRS & DAILY NEWS UPDATES : 17 - JUNE - 2016
IMPORTANT CURRENT AFFAIRS & DAILY NEWS UPDATES : 17 - JUNE - 2016
Friday, 17 June 2016 05:12

 

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DAILY NEWS UPDATES

17- JUNE - 2016

 

IOC HONOURS IOA CHIEF N RAMACHANDRAN WITH OLYMPIC ORDER

N Ramachandran, the president of Indian Olympic Association (IOA) was awarded the prestigious Olympic Order by the International Olympic Committee (IOC). He was honoured for his outstanding services to the Olympic movement.

Earlier to him, former IOA president, the late BS Adityan was the other Indian to be honoured with the same award in 1995.

N Ramachandran

• He is an Indian squash administrator.

• He is serving as President of World Squash Federation (WSF) since 2008 when he succeeded Jahangir Khan.

• He became the president of Indian Olympic Association (IOA) in February 2014.

Olympic Order

• The Olympic Order is the highest award of the Olympic Movement which is awarded in recognition of efforts worthy of merit in the cause of sport.

• It was established in May 1975 as a successor to the Olympic Certificate by the International Olympic Committee.

• The Olympic Order originally had three grades gold, silver and bronze, although the bronze grade fell dormant in 1984.

• As a tradition, IOC bestows the Olympic Order upon the chief national organiser(s) at the closing ceremony of each respective Olympic Games.

• The insignia of the Olympic Order is in the form of a collar (or chain), in Gold, Silver or Bronze according to grade; the front of the chain depicts the five rings of the Olympic Movement, flanked on either side by kotinos emblem (olive wreath). A lapel badge, in the form of the five rings in Gold, Silver and Bronze according to grade, is presented to recipients to wear as appropriate.

• Nadia Comaneci is the only athlete to be awarded the Olympic Order twice, that is, in 1984 and 2004. He also is the youngest ever recipient.

DELHI GOVERNMENT APPROVES SOLAR POLICY WITH 1 GW TARGET BY 2020

The Delhi Government announced implementation of its solar policy.

The policy aims at making the national capital a solar city with installation of 1 GW solar power capacity by 2020. This target is proposed to double it to 2 GW during further next five years.

The policy has been prepared by the Delhi Government in consultation with the Dialogue and Development Commission after extensive consultations with local and international experts.

Key highlights of the policy include:

Mandatory deployment of solar panels on the government or public institutions.

Virtual net metering to give access to the solar net metering facility to the consumers who do not have a suitable roof for installing a solar system.

Group net metering to encourage solar plants on rooftops of buildings that cannot consume all of the energy generated locally.

Generation based incentive for three years.

Amendment of the building bylaws for rooftop solar installations.

ASHOK GANAPATHY APPOINTED AS DIRECTOR OF AIRTEL BUSINESS

Ashok Ganapathy was appointed as the Director of Bharti Airtel Ltd. He will take over the post with effect from 1 July 2016.

Ganapathy succeeds Manish Prakash as Director (Airtel Business). Prakash has been appointed as Director (strategic alliances). He will report to Gopal Vittal, Chief Executive Officer and Managing Director (India & South Asia), Bharti Airtel.

In this new role, Ashok will be responsible for driving the growth of Airtel's B2B portfolio that serves top corporations, government entities and other corporates with end-to-end solutions.

About Ashok Ganapathy

• Ganapathy joined Airtel in 2013 as the Hub CEO for Mumbai, Maharashtra, Goa & Gujarat circles.

• Ganapathy has an experience of 26 years in FMCG, entertainment, retail and telecom sectors.

• He started his career with Hindustan Unilever in 1990 as a management trainee.

• He has a B. Tech degree from IIT, Madras and MBA from IIM, Ahmedabad.

GUWAHATI DECLARES GANGETIC RIVER DOLPHIN AS ITS ‘CITY ANIMAL’

Guwahati became first city in the country to have its own ‘city animal’ with Kamrup metropolitan district administration declaring Gangetic River Dolphin as its mascot.

Gangetic River Dolphin is locally known as ‘Sihu’ and fewer than 2000 such animals remain in the River Brahmaputra along Guwahati.

The district administration had organised online and off-line voting among three protected creatures to decide the ‘city animal’. These three creatures are Gangetic River Dolphin, Black Softshell Turtle (Bor Kaso) and Greater Adjutant Stork (Hargila) and are on the verge of extinction.

In the three-month long voting process Gangetic River dolphin received 24247 votes out of 60003 total votes.

On the other hand, the Greater Adjutant Stork got 18454 votes while the Black Softshell Turtle got 17302 votes.

The Kamrup metropolitan district administration organized the voting process along with other organisations such as the Assam forest department, Assam state biodiversity bard and an NGO, Help Earth.

About Gangetic River Dolpin

The Ganga Dolphins are also called as the ‘Tigers of Ganga’ as it enjoys the position in Ganga that is equivalent to that of the tiger in the forest.

Its scientific name is Platanista gangetica.

Ganges River Dolphins prefer deep waters, in and around the confluence of two or more rivers. They share their habitat with crocodiles, fresh water turtles and wetland birds.

The distribution range of the Ganges River Dolphins in India covers seven states namely, Assam, Uttar Pradesh, Madhya Pradesh, Rajasthan, Bihar, Jharkhand and West Bengal.

Rivers where these dolphins are found: River Ganges, Chambal (Madhya Pradesh and Uttar Pradesh), Ghaghra, Gandak (Bihar and Uttar Pradesh), Sone and Kosi rivers (Bihar), River Brahmaputra from Sadia up to Dhubri and Kulsi River, a tributary of the Brahmaputra river,

The Ganges River Dolphin has a sturdy, yet flexible, body with large flippers and a low triangular dorsal fin. It weighs up to 150 kg. Females are larger than males.

The Gangetic Dolphins are generally blind and catch their prey by emitting an ultrasonic sound which reaches the prey.

A Ganges River Dolphin Conservation Programme was initiated in 1997 to build a scientific database of the population status of the species and study the habitat quality of the dolphins' distribution range.

US ARMY RESERVE OFFICER DESHAUNA BARBER CROWNED AS MISS USA 2016

Deshauna Barber, a serving Army Reserve officer of United States (US), was crowned as the Miss USA 2016 at the Miss USA competition 2016 held at the T-Mobile Arena off the Las Vegas Strip.

She represented the US capital as Miss District of Columbia. Miss Hawaii Chelsea Hardin came in as the first runner-up and Miss Georgia Emanii Davis was the second runner-up.

With this, Barber became the first-ever military member to win Miss USA title. She will now represent the USA at Miss Universe Competition 2016.

Barber inherited the crown from 2015 winner Miss Oklahoma Olivia Jordan.

About Deshauna Barber

• Barber works as an IT analyst at the US Department of Commerce.

• Barber was commissioned as a Quartermaster Officer in 2011 in the Army Reserve of US.

• She is currently a Logistics Commander for the 988th Quartermaster Detachment Unit based at Fort Meade, Maryland.

• She is a member of Sigma Gamma Rho Sorority.

• She was crowned as Miss District of Columbia USA 2016 in December 2015 by outgoing titleholder Lizzy Olsen.

A FRESH TRANSGRESSION BY CHINESE TROOPS INTO INDIAN TERRITORY

  • A fresh transgression by Chinese troops into Indian territory has come to light. The incident happened on June 9 at Yangtse which is located 25-30 km east of Bum La pass in western Arunachal Pradesh.
  • According to official sources, about 250 Chinese troops had crossed into the Indian side on the Line of Actual Control (LAC) and went back in a few hours.
  • This happens regularly due to differences in perception on the boundary and after claiming that the area belongs to China, troops tend to go back.
  • The incident coincides with India’s efforts at securing membership of the Nuclear Suppliers Group (NSG) which China has openly opposed citing India’s non-accession to the Non-Proliferation Treaty.
  • In March, Chinese troops had entered Indian territory in Ladakh, Jammu and Kashmir.
  • On March 8, Chinese troops had entered almost 6 km deep inside Indian territory near the Pangong lake in Ladakh.

PRESIDENT REFUSED TO GIVE ASSENT TO LEGISLATION THAT PROTECTS 21 AAP MLAS

  • President Pranab Mukherjee has refused to give assent to a legislation that protects 21 party MLAs, who have been appointed Parliamentary Secretaries and face the prospect of disqualification.
  • Petitions have been filed with the President seeking disqualification of these MLAs on the ground that they occupied office of profit, violating constitutional provisions.
  • Acting as a quasi judicial body, the Election Commission, to whom the President referred the issue, had sought replies of the MLAs.
  • The Delhi Government had sought an amendment to the Delhi Members of Legislative Assembly (Removal of Disqualification) Act, 1997.
  • Through the Bill, the AAP government wanted “retrospective” exemption for the parliamentary secretaries from disqualification provisions.
  • The Bill was forwarded by Lt. Governor Najeeb Jung to the Centre which, in turn, sent it to the President with its comments.

PULSES TO BE IMPORTED TO KEEP PRICES IN CHECK

  • To bridge the demand-supply gap and maintain stability in prices of pulses, the Union government is planning a government-to-government contract, said Union Minister for Food and Public Distribution.
  • Addressing presspersons, Mr. Paswan said the Centre had worked out a strategy to import pulses to mitigate the shortage and maintain price stability.
  • This year, there will be a demand supply gap of over 76 lakh tonnes.
  • While private importers will be able to import only 60 lakh, the Centre is planning to have a government-to-government contract to procure the remaining quantity to meet the demand.

UN EXPRESSES CONCERN OVER TARGETED KILLING IN BANGLADESH

  • As Bangladesh reels under a spate of targeted killings, the United Nations has expressed concern at the “dramatic increase” in murders, including that of people belonging to religious minority groups.
  • In a wide-ranging opening speech at the Human Rights Council, UN High Commissioner for Human Rights Zeid Ra’ad Al-Hussein called for investigation and prosecution of the perpetrators.
  • Meanwhile, the government said categorically that Bangladesh does not need help from any foreign country or government to protect members of its minority communities.
  • Press Trust of India (PTI) said that “two leaders from Bangladesh’s Hindu community” had sought assistance from Indian Prime Minister Narendra Modi.
  • The Minister claimed that the government’s tough stance has already ensured the rights of religious minority groups.
  • Since the beginning of a crackdown on terrorists and extremists, law enforcement officials have arrested a total of 5,287 people, of which 85 have suspected militant links.

ISLAMIC STATE CLAIMS RESPONSIBILITY FOR ORLANDO SHOOTING

  • The Islamic State (IS) group claimed responsibility for the Orlando shooting that killed 50 people, saying in a radio bulletin that it was carried out by “one of the soldiers of the caliphate”.
  • The jihadist group declared its “caliphate” in Syria and Iraq in 2014. The IS-linked news agency Amaq said on Sunday that the attack on the gay night club had been “carried out by an Islamic State fighter”.
  • U.S. media reported that the gunman, identified as Omar Mateen, a 29-year old American citizen, had pledged allegiance to the Islamic State.

MARS ORBITERS HAVE FOR THE FIRST TIME FOUND A SEASONAL DUST STORM PATTERN

  • NASA’s Mars Orbiters have for the first time found a seasonal dust storm pattern on the Red Planet — paving the way to improve scientists’ ability to predict hazards there.
  • Temperature records from Mars orbiters reveal a pattern of three types of large regional dust storms occurring in sequence at about the same time each year during the southern hemisphere spring and summer.

CONSUMER PRICE INDEX ACCELERATED TO 5.76 PER CENT IN MAY

  • Retail inflation, as measured by the Consumer Price Index (CPI), accelerated to 5.76 per cent in May, its highest level in 21 months.
  • CPI acceleration is driven primarily by rising food prices, making it more unlikely for the central bank to cut rates in the near future
  • The index came in at 5.47 per cent in April 2016. It was 5 per cent in May last year. The last time the retail inflation was higher was in August 2014 when it crossed 7 per cent.
  • Shortage in the sugar market has also moved up prices and could move up further during the festival season.
  • Efficient management of the food basket is likely to become crucial for any monetary easing in the future. Expect easing to commence only when the RBI is sure of hitting the 5 per cent target in March next year.
  • The data, released by the Ministry of Statistics and Programme Implementation on Monday, shows that inflation in the ‘food and beverages’ segment accelerated to 7.2 per cent in May.
  • Overall, only food inflation witnessed acceleration while the other major segments in the index recorded marginal slowdown.
  • The housing segment saw a marginal easing of inflation to 5.35 per cent in May, down from 5.37 per cent in April.
  • Core inflation moved down imparting a downward bias to the overall print. However, this decline could possibly be short lived as the seventh pay commission is implemented and the base effect in certain categories wears off.

MICROSOFT CEO SATYA NADELLA OUTLINED HIS THOUGHTS ON THE LINKEDIN BUY

  • In an email to company staff, Microsoft CEO Satya Nadella has outlined his thoughts on the LinkedIn buy, the biggest for the software giant.
  • The key questions that weighed on his were: Does it expand the total addressable market of Microsoft? Is this asset riding secular usage and technology trends?
  • “The answer to all of those questions with LinkedIn is squarely yes,” he said.
  • “This deal brings together the world’s leading professional cloud with the world’s leading professional network,” he said.
  • As these experiences got more intelligent, the LinkedIn and Office 365 engagement would grow, he opined.
  • This would help create new opportunities for monetisation through individual and organisation subscriptions and targeted advertising, he added.

CENTRAL BANK REVISED THE NORMS FOR BANKS TO UNDERTAKE DEBT RESTRUCTURING

  • The Reserve Bank of India (RBI) revised the norms for banks to undertake debt restructuring if they feel the project is viable in the long run
  • Under the scheme titled ‘Sustainable Structuring of Stressed Assets (S4A),’ at least 50 per cent of the debt should be serviced in the same period as that of the existing loan.
  • The balance can be converted into equity or quasi-equity instruments.
  • Where malfeasance on the part of the promoter has been established, through a forensic audit or otherwise, this scheme shall not be applicable if there is no change in promoter or the management is vested in the delinquent promoter.
  • The scheme is applicable to projects that have commenced commercial operation and where the banks’ exposure is over Rs.500 crore.
  • According to the norms, an advisory body called Overseeing Committee (OC) will be constituted by the Indian Banks Association (IBA) in consultation with the RBI.
  • Banks have to submit the resolution plan to the OC. The OC will review the processes involved in preparation of the plan, etc. for reasonableness and adherence to the guidelines and give an opinion , RBI said.

 

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Last Updated on Saturday, 18 June 2016 04:51
 

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