Daily GK Updates - 15th June, 2017

NATIONAL UPDATES:

1. Telangana Govt. launches website for online sale of cattle: A website named ‘PashuBazar’ is launched by the Telangana government to facilitate online purchase or sale of cattle. Farmers can keep maximum five registrations for sale at any time, and also the new cattle rules issued by the Central govt.

2. Cabinet approves Interest Subvention to banks on Short-term crop loan to farmers: Earmarking a sum of Rs. 20,339 crore, the government has approved the Interest Subvention Scheme(ISS) for farmers for the year 2017-18. It will help farmers to get short term crop loan up to Rs. 3 lakh payable within one year at only 4% per annum. The scheme will continue for a year and will be implemented by NABARD and RBI.

3. Cabinet approves the proposal to introduce a Financial Resolution and Deposit Insurance Bill: Union cabinet approves the proposal to introduce a Financial Resolution and Deposit Insurance Bill, 2017. It provides a framework for specified financial sector entities to deal with bankruptcy situation broadly classified into banks, insurance companies and financial sector entities. For a larger number of retail depositors it aims to strengthen and streamline the current framework of deposit insurance.

4. Lok Sabha Speaker to inaugurate 16th NERCPA Conference at Imphal: LS speaker SumitraMahajan will inaugurate the 16th North East Region Commonwealth Parliamentary Association (NERCPA) Conference at Imphal in Manipur.

5. Law expert Neeru Chadha to become member of ITLOS: After Lakshmi Pandit, who served as a president of the United Nations General Assembly ,Neeru is the woman to occupy a top position at the UN. She has become the first Indian woman to be appointed as judge at the ITLOS (International Tribunal for the Law of the Seas).

6. Senior Vice President at TCS to head Atal Mission: Ramanathan Ramanan to head Atal Innovation Mission, a government initiative to promote  culture of innovation and entrepreneurship.  He appointed as mission Director of Atal Innovation Mission, under NITI Aayog as additional secretary.

INTERNATIONAL UPDATES:

1. World Elder Abuse Awareness Day : June 15,2017: The World Elder Abuse Awareness Day (WEAAD) is officially recognized by the United Nations General Assembly. By raising awareness of the cultural, social, economic and demographic processes affecting elder abuse and neglect,the purpose of WEAAD is to provide an opportunity for communities around the world to promote a better understanding of abuse and neglect of older persons.

2. David Grossman wins Man Booker Prize 2017: David Grossman, an Israeli author was awarded the prestigious award for his novel “A Horse Walks into a Bar”.The prize money will split even between Mr Grossman and translator Jessica Cohen.

OTHER UPDATES:

BANKING & FINANCE:

1. Yes Bank partner with TerraPay: To enable real-time money transfer to bank accounts in India. By signing a Rupee Drawing Arrangement, these two companies will make instant cross-border money transfer to bank accounts in India possible

BUSINESS & ECONOMY:

2. Verizon acquires Yahoo: Verizon’s complete acquisition on yahoo marked the end of its standalone internet existence. The number one US wireless operator is combining yahoo with AOL, to form a venture called Oath. The remainder of Yahoo not acquired by Verizon will be renamed Altaba.