Home Daily Updates IMPORTANT CURRENT AFFAIRS & DAILY NEWS UPDATES : 19 - JUNE - 2016
IMPORTANT CURRENT AFFAIRS & DAILY NEWS UPDATES : 19 - JUNE - 2016
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Sunday, 19 June 2016 08:41

 

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DAILY NEWS UPDATES

19- JUNE - 2016

 

LIST OF TOP 30 PROGRAMMES LAUNCHED BY MODI GOVERNMENT

The National Democratic Government (NDA) launched a slew of initiatives since it came into power. The initiatives were launched with a focus on financial inclusion, infrastructure development and empowerment of down-trodden.

Here, we present a list of 30 major programmes and schemes launched in the past 2 years.

S.No.

Programme (Launch Date)

Objectives & Features

1.

Pradhan Mantri Jan Dhan Yojana (28 August 2014)

  • To achieve 100% financial inclusion
  • 22 crore bank accounts opened so far
  • Slogan: Mera Khata – Bhagya Vidhaata

2.

Deen Dayal Upadhyaya AntyodayaYojana (25 September 2014)

  • To alleviate poverty through in rural & urban areas
  • Achieved through livelihood opportunities & skill development
  • Implemented by Rural Development & Housing and Urban poverty alleviation ministries

3.

Mission Housing for All - Urban (25 June 2015)

  • To provide housing by 2022 to all eligible
  • Also called Sardar Patel Urban Housing Mission
  • A Centrally Sponsored Scheme & has 4 components

4.

Digital India (26 August 2014)

  • To achieve digitally empowered knowledge economy
  • Transformed version of National e-Governance Plan
  • worth 1 lakh crore rupees & has 9 thrust areas

5.

Make In India (25 September 2014)

  • To make India a global manufacturing hub
  • Manufacturing sector to grow over 10%
  • Will create 1 crore jobs per year

6.

Skill India (15 July 2015)

  • To fast-track skill development efforts
  • Provides for an overall institutional framework
  • 300 million will be skilled by 2022
  • Four initiatives were launched

7.

MUDRA Bank Yojana (8 April 2015)

  • Stands for Micro Units Development and Refinance Agency Ltd.
  • Loans between 50000 to 10 lakh rupees provided
  • Has three categories Shishu, Kishor & Tarun

8.

Deen Dayal Upadhyaya Gram Jyoti Yojana (25 July 2015)

  • To achieve 100% rural electrification
  • Subsumed Rajiv Gandhi Gramin Vidyutikaran Yojana
  • Has an outlay of 76000 crore rupees

9.

Pradhan Mantri Krishi Sinchai Yojana (2 July 2015)

  • To achieve water efficiency by 2020
  • Will be achieved through converging existing programmes
  • Has an outlay of 50000 crore rupees for 2015-20

10.

Soil Health Card Scheme (19 February 2015)

  • To improve farm productivity
  • Achieved by using appropriate nutrients
  • Slogan: Swasth Dharaa Khet Haraa

11.

Beti Bachao, Beti Padhao (22 January 2015)

  • To address the declining Child Sex Ratio issue
  • To celebrate the girl child & enable her education
  • So far 161 districts were selected in 2 phases

12.

Direct Benefit Transfer Scheme for Kerosene (1 April 2016)

  • To plug leakages in kerosene delivery through PDS
  • Subsidy amount transferred to beneficiary accounts
  • Implemented in selected 26 districts of 8 states

13.

Swachh Bharat Mission (2 October 2014)

  • To make India 100% open defecation free by 2019
  • Eradication of manual scavenging is also a part
  • Focus is on attitudinal change

14.

Swarna Bharat Yojana (5 November 2015)

  • To reduce gold imports by utilizing domestic reserves
  • Has three gold related schemes
  • Gold Monetization & Gold Bond Schemes and Indian Gold Coins

15.

Pradhan Mantri Suraksha Bima Yojana (9 May 2015)

  • Its an Accident Insurance Scheme
  • Offers death and disability cover on account of an accident
  • For 12 rupees premium offers 1-2 lakhs coverage

16.

Pradhan Mantri Jeevan Jyoti Bima Yojana (9 May 2015)

  • To provide for life insurance cover to the needy
  • For 330 rupees premium offers 2 lakh rupees coverage
  • Administered by the Life Insurance Corporation

17.

Atal Pension Yojana (9 May 2015)

  • To enhance old age income security of the working poor
  • Linked to National Pension System & administered by PFRDA
  • Will get fixed pension between Rs 1000 & 5000 per month

18.

Smart Cities Mission (25 June 2015)

  • To make urban areas more livable & inclusive
  • Focus is on building urban infrastructure
  • Outlay of 48000 crore rupees for 2015-20

19.

AMRUT Yojana (25 June 2015)

  • AMRUT - Atal Mission for Rejuvenation and Urban Development
  • To develop infrastructure in 500 towns and cities
  • Selection of cities on population & popularity basis
  • Outlay of 50000 crore rupees for 2015-20

20.

HRIDAY Yojana (21 January 2015)

  • HRIDAY - Heritage Development and Augmentation Yojana
  • To promote inclusive & sustainable development of heritage sites
  • In Phase 1 - 12 cities will be developed at 500 crore rupees

21.

Namami Ganga Yojana (14 May 2015)

  • It is an Integrated Ganga Conservation Mission
  • Focus is on pollution abatement and socio-economic development
  • Implemented under National Ganga River Basin Authority

22.

Pradhan Mantri Fasal Bima Yojana (18 February 2016)

  • Its a revamped agriculture insurance scheme
  • Overcomes the shortcomings in the existing schemes
  • Will be in force from Kharif 2016
  • Premium – 2% (Kharif), Rabi (1.5%) & commercial crops (5%)

23.

Saansad Adarsh Gram Yojana (11 October 2014)

  • To realize the ideal of Gram Swaraj
  • Its a village development scheme under MPLADs
  • One Adarsh Gram by 2016 and 3 by March 2019

24.

Indradhanush for Public Sector Banks (August 2015)

  • The framework is meant to revamp PSBs
  • Consists of seven strategies
  • Includes establishment of Bank Board Bureau and structural reforms

25.

Mission Indradhanush for Immunization (25 December 2015)

  • To achieve full immunization coverage for all children by 2020
  • Coverage against 7 life-threatening diseases

26.

Shyama Prasad Mukherji Rurban Mission (21 February 2016)

  • To develop smart village on the line of smart cities
  • 300 Rurban clusters developed in 3 years
  • Has an outlay of 5142 crore rupees

27.

Pradhan Mantri Ujjawala Yojana (1 May 2016)

  • To provide LPG connections to 5 crore BPL families
  • Financial support of Rs 1600 per family
  • Allocated Rs 8000 crores for 3 years

28.

Stand Up India, Start Up India (15 August 2015)

  • To promote bank financing for start-ups
  • Applicable to SC, ST & Women
  • Will help in entrepreneurship and job creation

29.

Nai Manzil Scheme (8 August 2015)

  • To address educational & livelihood needs of minorities
  • Focus will be on skill development for 17-35 age group

30.

Setu Bharatam Project (4 April 2016)

  • To make national highways free of railway crossings by 2019
  • 208 ROBs/under passes will be constructed
  • Outlay of 10200 crore rupees

INDIA, ADB SIGN $120 MN LOAN PACT FOR IRRIGATION IN ODISHA

India signed loan agreement of 12 crore ($120 million) US dollars with the Asian Development Bank (ADB) to improve irrigation and water management infrastructure in Odisha.

About the loan and how it will help Odisha

• The financing will be used for modernizing seven irrigation subprojects resulting in improved irrigation in over one lakh hectares.

• It will also help in strengthening of Water User Associations (WUAs) and the institutional capacity of Odisha’s Department of Water Resources.

• The project aims to improve existing irrigation infrastructure, operation and maintenance, and water use efficiency that will lead to higher agricultural productivity.

• The selected areas for the investment program are the Baitarani, Brahmani, Budhabalanga, and Subernarekha river basins and part of the Mahanadi delta.

The loan is the second tranche of a 157.5 million dollar financing facility under the Orissa Integrated Irrigated Agriculture and Water Management Investment Program.

The second tranche loan from ADB’s ordinary capital resources has a 20-year term. The State of Odisha, acting through its Department of Water Resources is responsible for implementing the tranche 2 activities and overall program, which are both due for completion by September 2018.

HIMACHAL PRADESH BECOMES FIRST STATE TO LAUNCH GREEN-CONCEPT BASED STATE DATA CENTRE

Himachal Pradesh became the first Indian state to have a State Data Centre (SDC). The centre was launched by Himachal Pradesh Chief Minister Virbhadra Singh in Shimla.

The SDC is designed using green data centre concept. The centre will offer 101 people-oriented service online through an integrated data base.

CM Virbhadra Singh directed all government departments to make use of SDC for hosting e-Governance applications instead of creating their own infrastructure.

Now, departmental applications can be hosted centrally in SDC free of cost and HIMSWAN connectivity could be provided in field offices to access departmental applications.

Key highlights of the State Data Centre

The SDC was launched at an expenditure of 58-crore rupees.

The centre will integrate the websites of various departments.

All services could be accessible through the integrated data base. It will save time and money spent on creation of infrastructure.

The centre will help in reducing the burden on state exchequer and at the same time help in the integration of online databases of various departments.

It will further help the departments to roll out more government-to-citizen-services and people can avail them from anywhere and anytime.

It has been set up by IT Department using state-of-the-art technology.

It is the first SDC in the country which has been designed using green data centre concept to minimise power requirement and increase power utilisation efficiency.

INDIA SIGNED MOU WITH USA TO FACILITATE HASSLE-FREE ENTRY OF INDIANS TO US

India signed a Memorandum of Understanding (MoU) with the United States of America (USA) to facilitate hassle-free entry of Indians into America at selected airports. It will provide quick security clearances for pre-approved, low-risk travellers from India.

Features of the Agreement

• The Agreement was signed as a part of America’s InternationalExpedited Traveller Initiative which is also known as the Global Entry Programme. India became the ninth country to sign the agreement with US.

• It was signed between India’s US Ambassador Arun K Singh and Kevin K McAleenan, deputy commissioner of US Customs and Border Protection..

• The agreement will have positive impact on all kinds of people-to-people exchange between the two countries as the programme at the US airports will enable further easing of travel environment for the approved travellers.

Global Entry Programme (GEP)

• As on 4 June 2016, GEP is available at more than 40 US airports and 12 pre-clearance locations.

• Approximately 50000 new applications for the programme are being filed every month and it already have more than 1.8 million people who are enrolled in Global Entry Programme.

FACEBOOK INDIA APPOINTS UMANG BEDI AS MANAGING DIRECTOR

Facebook India appointed Umang Bedi as its Managing Director (MD).

Bedi will take over from Kirthiga Reddy. Reddy will be returning to the US to take on a new role at the company’s Menlo Park headquarters.

Bedi will officially start at Facebook in July 2016 while Reddy will take up her new role in August 2016.

Who is Umang Bedi?

Bedi has close to two decades of leadership experience covering sales, marketing and partnerships with multinational companies.

Prior to joining Facebook, Umang Bedi worked as Managing Director for South Asia at Adobe Inc.

He is an engineering graduate from the University of Pune. He is also an alumnus of Harvard Business School.

He is the recipient of the prestigious 40 Under Forty: India’s Hottest Business Leaders Award 2014 given by The Economic Times and Chicago-based global executive search and leadership consulting firm Spencer Stuart.

TINTU LUKA WON SILVER AT JOSEF ODLOZIL MEMORIAL ATHLETICS MEET IN PRAGUE

Tintu Luka, the Rio Olympics-bound Indian track and field athlete, won a silver medal in 800 meters in the Josef Odlozil Memorial Athletics Meet in Prague, Czech Republic.

To win the medal, she covered the distance with her season's best timing of 2:00.61 (2 minutes point Six One seconds).

The reigning Asian champion was second behind 2013 World Youth Championship gold winner Anita Hinriksdottir of Iceland who ran the distance in 2:00.54 (2 minutes point five four seconds).

27-year-old Luka is still a long way to go as she is placed at 30th spot among the season's top list. Former world champion and London Olympics silver medallist Caster Semenya of South Africa is leading with 1:56.64 (1 minute, 56.six Four seconds). Semenya is followed by world indoor champion Francine Niyonsaba of Burundi with 1:56.92 (1 minute, 56.92 seconds) and Renelle Lamote of France with 1:58.01 (1 minute, 58.01 second).

The Kerala runner, Luka holds the national record of 1:59.17 (1 minute, 59.17 second) which she did way back in 2010 at Continental Cup, Croatia. She qualified for Rio Olympics during the World Championships in Beijing in 2015.

LUCKNOW TO HOST MEN’S HOCKEY JUNIOR WORLD CUP 2016

The International Hockey Federation (FIH) announced that men’s Hockey Junior World Cup 2016 will be played in the Indian city of Lucknow, Uttar Pradesh.

The men’s Hockey Junior World Cup 2016 will be played between 8 December and 18 December 2016.

The event will feature 16 of the world’s best junior men’s teams. The qualified teams are Argentina, Australia, Austria, Belgium, Canada, Egypt, England, Germany, India, Japan, Korea, Netherlands, South Africa, New Zealand, Pakistan and Spain.

The women’s Hockey Junior World Cup will take place in Santiago, Chile between 24 November 2016 and 4 December 2016.

About Hockey Junior World Cup

The Hockey Junior World Cup is an international field hockey competition organised by the International Hockey Federation.

The tournament was started in 1979.

Since 1985, it has been held every four years.

Competitors must be under the age of 21 as of 31 December in the year before the tournament is held.

Germany is the most successful team, having won the tournament six times.

Argentina, Australia, India and Pakistan have each won the tournament once.

GOVT CLEARS COUNTRIES FIRST NATIONAL CIVIL AVIATION POLICY

  • In a big push to its reform agenda,government approved the country’s first National Civil Aviation Policy for increasing air connectivity, allowing new domestic airlines to fly abroad quickly.
  • It also opened up the skies for European and South Asian Association for Regional Cooperation (Saarc) countries.
  • New airlines, such as Vistara and AirAsia, will no longer have to wait for five years before starting operations on international routes.
  • Start-up airlines can now fly abroad after operating at least 20 planes or 20 per cent of their total flying capacity, whichever is higher, on domestic routes.
  • According to a 2004 norm, which is also known as the ‘5/20 rule’, a domestic airline is allowed to go international only after flying for five years to domestic destinations and operating at least 20 aircraft.
  • India will have an open-sky policy for countries beyond the 5,000-km radius from Delhi on a reciprocal basis.
  • This means that airlines from European or Saarc countries will have unlimited access, in terms of number of flights and seats, to Indian airports, leading to increased flight frequencies with these countries.
  • While India has a full open-sky arrangement with the U.S., it has a near open-sky agreement with the U.K. with a restriction on the frequency of flights to and from Mumbai and Delhi.
  • As a part of its regional connectivity scheme, passengers will be charged Rs. 2,500 for an hour’s flight on regional routes by the airlines.
  • The government will provide support to fund airlines’ losses on such unserved routes “by a small levy per departure” on all domestic routes, except in remote ones and in north-eastern States.
  • It has grand plans to revive 50 airports in the next two years through the regional connectivity scheme.
  • However, it is yet to ascertain how it will mop up funds for providing the viability gap funding.

APEX COURT TO DECIDE ABOUT DECLARING NILGIRI, MONKEY AND WILD BOAR AS VERMIN

  • A petition has been filed in the Supreme Court for quashing of three notifications of the Union government declaring nilgai, monkey and wild boar vermin for one year in Bihar, Himachal Pradesh and Uttarakhand.
  • The application for urgent hearing was mentioned before the Vacation Bench of Justices Adarsh Kumar Goel and L. Nageswara Rao, which agreed to list it during the week.
  • “The impugned notifications have been passed in absolute disregard of the human-wildlife conflict plaguing the country and without any scientific survey backing them,” the petition said.

PRESIDENT MAKE A CASE FOR REFORMS IN UN

  • President Pranab Mukherjee made out a strong case for a “concerted push” to make the United Nations more democratic and representative at the annual session of its general assembly scheduled for September..
  • Mr. Mukherjee raised the issue of U.N. reforms at a meeting with President of Cote D’Ivoire AlassaneOuattara.
  • In his talks, the President regretted that unlike the U.N., the Bretton Woods institutions that were created around the same time seven decades ago had become more inclusive bodies, reflecting the changing world order.
  • Cote D’Ivoire (also known as Ivory Coast), a francophone country, is the biggest producer and exporter of cashew nuts to India which procures nearly 80 per cent of their total exports.
  • Mr. Mukherjee was decorated with National Grand Croix, Cote D’Ivoire’s highest honour.

US PRESIDENT HOSTS TIBETAN SPIRITUAL LEADER

  • U.S. President Barack Obama hosted the Dalai Lama at the White House, a now familiar ritual that takes place off-camera and out of the public eye to avoid irking China.
  • Mr. Obama carried out what has become a political rite in Washington, spiriting the exiled Tibetan spiritual leader into the White House through the back door and prompting the usual Chinese denunciations.
  • Since coming to office, Mr. Obama has hosted the Dalai Lama three previous times. Each time, He has tried to limit the fallout by holding the meeting behind closed doors.
  • Even before the meeting, Beijing made its displeasure felt, warning it would “damage mutual trust and cooperation”.

FRANCE BECAME FIRST COUNTRY TO RATIFY CLIMATE DEAL

  • President Francois Hollande finalised ratification of the Paris climate accord reached in December 2015, making France the first industrialised country to do so.
  • “Signing is good, ratifying is better,” Mr. Hollande quipped at the Elysee Palace ceremony.
  • He noted that the deal will not come into force unless at least 55 countries responsible for at least 55 per cent of global greenhouse gas emissions ratify it.

LIGO ANNOUNCED WITNESSING THE MERGING OF A SECOND BLACK HOLE PAIR

  • Even before the excitement over the discovery of the first binary black hole merger can ring down, LIGO scientists have announced witnessing the merging of a second black hole pair.
  • They infer this from the observation of a gravitational wave (GW151226) detected on December 26, 2015.
  • Being a much weaker signal than the first, the detection of this merger required the use of sophisticated noise filtering and mathematical analyses, some of which has been developed by Indian scientists.
  • The LIGO Scientific Collaboration (LSC) and Virgo Collaboration have made public the set of observations. The entire signal, coming from 1.4 billion light years away, lasted just one second.
  • Having approximately 14 and 8 times the mass of the sun, the two black holes, during their cataclysmic merging, released approximately one solar mass within this short interval.
  • The signal-to-noise ratio of the second merger was much lower than its massive predecessor, causing the detection to be more challenging.
  • A special technique called matched filtering invented in 1949 by Wiener had to be adapted for gravitational wave data analysis.
  • In developing this technique and other important areas, such as theoretical modelling of the expected signals, the Indian contribution is significant.
  • The adaptation of matched filtering to detect gravitational waves was developed at IUCAA, Pune.

WHO SAYS DRINKING VERY HOT COFFEE CAN CAUSE CANCER

  • Drinking very hot coffee and other drinks “probably” causes cancer of the oesophagus, an agency of the UN’s World Health Organisation said, but lifted suspicion from a cup of joe at “normal serving temperatures”.
  • There were hints that coffee may even lower the risk of liver, breast and uterine cancer, said the International Agency for Research on Cancer (IARC) — but not if consumed hotter than 65 degrees Celsius.
  • The IARC looked at the full complement of published scientific literature considering if there was a cancer link to coffee or mate, a South American herbal infusion that is also popular in the Middle East.
  • Only when drunk hotter than 65 degrees Celsius did any association arise with cancer of the gullet.
  • In lab studies, very hot water at 65-70 degrees Celsius boosted oesophageal tumours in mice, said the agency.

SBI AND ASSOCIATE BANKS MERGER APPROVED BY GOVT.

  • The Union Cabinet has approved the merger of State Bank of India (SBI), the country’s largest lender, and its associate banks — a move which is expected to bring the state-owned entity on a par with global lenders.
  • The merged entity will have an asset base of about Rs.37 lakh crore, with nearly 24,000 branches and about 58,700 ATMs across the country as of March 2016-end . SBI and its associates employed 2.85 lakh people in 2014-15.
  • The merger of SBI with its associates began eight years ago when SBI merged State Bank of Saurashtra with itself in 2008. In 2010, State Bank of Indore was also merged with the larger bank.
  • SBI has since made repeated attempts to merge its units but none came to fruition due to a shortage of capital.
  • The shares of SBI associate banks rose sharply after the cabinet approval. Those of the three listed associate banks that, State Bank of Mysore, State Bank of Travancore and State Bank of Bikaner and Jaipur were up 20 per cent each.
  • SBI shares were up 3.9 per cent to close the day at Rs. 214.65 while the benchmark Sensex rose 1.25 per cent or 330 points to reach 26,726.

RBI GOVERNOR ASKED BANKERS TO JUDICIOUSLY APPLY THE LATEST LOAN RESTRUCTURING NORMS

  • Reserve Bank of India (RBI) Governor Raghuram Rajan has asked bankers to judiciously apply the latest loan restructuring norms and not use them as a tool to delay identification of bad loans.
  • The top brass of RBI met the chief executive of several banks in which the director of Central Bureau of Investigation, Chief Vigilance Commissioner, and the Chairman of Bank Board Bureau, Vinod Rai, were present.
  • RBI announced a revised scheme for debt recast, namely, Scheme for Sustainable Structuring of Stressed Assets (S4A).
  • The new norms are only applicable for projects that have commenced operations and where bank loans amount to more than Rs.500 crore.
  • According to the norms, at least 50 per cent of the debt should be serviced over the same period as that of the existing loans and the remaining debt could be converted into equity or quasi-equity instruments.
  • The meeting was convened by the Banks Board Bureau following lenders’ complaints of over activism by investigative agencies probing bad debts.
  • Banks are wary to offer one-time settlement of loans to borrowers, which would need them to take substantial haircut in many cases, as they fear being hounded by investigative agencies in case of such deals.
  • Earlier, the RBI Governor had also cautioned about the increasing interference from investigative agencies by saying it could ‘chill’ lending.
  • Stressed loan in the Indian banking system has increased sharply since 2012.
  • According to RBI data, the stressed assets ratio (which is the total of that gross NPA, restructured standard assets and Written Off Accounts) for the banking system as a whole, which stood at 9.8 per cent at the end of March 2012, rose to 14.5 per cent at the end of December 2015.
  • Public sector banks have a disproportionate share of the stress, as during the same period, the stressed assets for government-owned banks increased from 11.0 per cent to 17.7 per cent.

 

 

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Last Updated on Monday, 20 June 2016 04:51
 

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