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Sunday, July 17, 2016

Daily GK Updates - 16th July, 2016

NATIONAL UPDATES:
1. WHO declares India as Maternal and Neonatal Tetanus free: The World Health Organization (WHO) has declared India as Maternal and Neonatal Tetanus free. In this regard, WHO presented certificates to the Union Health and Family Welfare Minister J P Nadda.

2. Over 14 lakh LPG connections released under PMUY: Over fourteen lakh LPG connections have been released to the women of BPL families under the PradhanMantriUjjwalaYojana (PMUY). According to the Ministry of Petroleum and Natural Gas, the scheme is currently under operation in 487 districts of 17 states.

3. 74 schemes of 17 ministries and departments brought under DBT: The GOI has been brought 74 schemes of 17 Ministries and Departments under Direct Benefit Transfer (DBT). Addressing the members of Consultative Committee of his Ministry in New Delhi, Finance Minister ArunJaitley stated that DBT is a very important scheme as it transfers the benefit to the targeted beneficiaries.

4. Indian Naval ship visits Port Kelang, Malaysia: Indian Naval Ships Sahyadri, Shakti and Kirch have arrived at Port Kelang on a four day visit, as part of deployment of the Eastern Fleet to the South China Sea and Western Pacific.

5. Tata Advanced Systems signs deal with Bell Helicopter: Tata Advanced System (TASL) and Bell Helicopter, a Textron Company have signed an agreement to work together in support of India’s aviation and defense modernization initiatives. The agreement was inked with an emphasis on ‘Make in India’.

6. MP cabinet approves setting up of Happiness Department in State:In Madhya Pradesh, the Shivraj cabinet has given its nod to set up Happiness Department in the state. This department will work as knowledge resource centre on the subject of happiness. A state Happiness Institute will also be established under the Happiness Department.

7. Maharashtra CM launches virtual, digital classrooms across 32 ITIs in state: Maharashtra Chief Minister DevendraFadnavis has launched the facility of virtual and digital classrooms across 32 ITIs in the state on the occasion of World Youth Skills Day (15th July). According to him, the facility of virtual classrooms will bridge the urban-rural divide and open the doors of knowledge. Mr.Fadnavis asked students to master their passion, and assures that jobs will come in plenty due to the power of skill development.



OTHER UPDATES:
FINANCE/BANKING:                                 
1. RBI sets up an Inter-Regulatory Working Group on Fin Tech and Digital Banking: The group has been set up in view of the growing significance of Fintech innovations, and their interactions with the financial sector as well as financial sector entities. It will review and appropriately reorient the regulatory framework, and respond to the dynamics of the rapidly evolving Fintech scenario. The Working Group will be headed by SudarshanSen, Executive Director of RBI, and has 12 members. It has been asked to submit its report within six months from the date of its first meeting.

2. India and ADB sign 100 million USD loan agreement for Cauvery Delta Project in Tamil Nadu: The Union Government and the Asian Development Bank (ADB) have signed a 100 million US dollars loan agreement to strengthen key irrigation and drainage system and improve water management in the Vennar sub-basin of the Cauvery delta in Tamil Nadu.

3. RBI asks banks to exchange upto 20 soiled notes free of charge: The Reserve Bank of India has asked banks to exchange up to 20 pieces of soiled currency notes with a maximum value of Rs. 5,000 over the counter free of charge in an effort to improve customer service. However, if the number of notes to be exchanged is more than 20, banks can levy service charge.

SPORTS:
4. Misbah-ul-Haq becomes oldest captain to score Test hundred: Pakistan captain Misbah-ul-Haq has scored 110 against England at Lord's and with this, the 42 years and 47 days old cricketer became the oldest captain to score Test hundred. Misbah is also the oldest visiting player to play a Test on English soil in the last 31 years.

BOOKS AND AUTHORS:

5. Book titled ‘Who moved my interest rate’ authored by former RBI Governor Duvvuri Subbarao to be released on 27th July 2016.

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