A new scheme was launched in January 2016, which will provide affordable insurance coverage to farmers in case of crop failure. What is its name?
0 voters
Daily Current Affairs - 11th February 2016, Thursday
1. Morocco to get world's largest concentrated solar plant
(i) The world's largest concentrated solar plant is set to come up in the Moroccan city of Quarzazate and has been given the name Noor complex.
(ii) Recently, the north African country's king switched on the first phase of the three-part project. As per the Climate Investment Funds (CIF) finance group, on completion of the project, the plant could generate enough energy to meet the needs of over one million households by 2018 along with resulting in an estimated carbon emission reduction of 760,000 tons per year.
2. India stands 2nd last on International Intellectual Property Index
(i) Recently, the International Intellectual Property Index was released by the US Chamber of Commerce's Global International Intellectual Property Centre. The 38 economies benchmarked in the 2016 Index account for nearly 85% of the global GDP.
(ii) The US topped the index followed by the UK, Germany, France and Sweden. The report was released on the heels of the US government finalising a National Intellectual Property policy to improve the IP regime, increase awareness and bolster implementation of IP rules. Among BRICS nations, Russia was ranked 20th, China (22nd), South Africa (26th) and Brazil (29th).
(iii) With 37th rank, India was placed second last on the index, while Venezuela figured last with 38th rank.
3. NATO signs agreement with EU on cyber defence cooperation
(i) The North Atlantic Treaty Organisation and the European Union signed an agreement to improve cooperation in the area of cyber defence co-operation.
(ii) NATO Secretary-General Jens Stoltenberg has called it a concrete example of the two Brussels-based organisations joining forces to combat modern forms of hybrid warfare.
(iii) The agreement aims to create a framework for emergency response teams from NATO and the European Union to share information and best practices in order to strengthen cyber incident prevention, detection and response.
4. Harinder Sidhu appointed as Australian High Commissioner to India
(i) The Department of Foreign Affairs and Trade, Australia, appointed Indian-origin Harinder Sidhu as the nation's new High Commissioner to India.
(ii) Sidhu, who has earlier served in Moscow and Damascus, will replace Patrick Suckling. Australian foreign affairs minister Julie Bishop said that India is one of Australia's closest and most significant partners in the Indo-Pacific region and that the nation will continue to push for the conclusion of a Comprehensive Economic Cooperation Agreement with India.
5. HCCB to shut 3 units in India
(i) Recently, Coca-Cola India's bottling arm Hindustan Coca-Cola Beverages Pvt Ltd (HCCB) decided to suspend manufacturing at 3 units in India due to the absence of "long-term economic viability". Manufacturing will be stopped at Kaladera near Jaipur (Rajasthan), Vishakhapatnam (Andhra Pradesh) and Brynihat (Meghalaya), which may affect at least 300 employees.
(ii) A HCCB spokesperson said, "Like with any other manufacturing organisation, we are going through a process of consolidation where new state-of-the art facilities are being built and existing production capacities are being optimised."
Note: HCCB has 54 plants in India and Coca-Cola India sells several soft drinks including Coca-Cola, Thums Up, Fanta, Limca, Sprite and Maaza, among others.
6. India set to get its bio-fuel refinery in Assam by 2019
(i) India is expected to get its first biofuel refinery in Assam by 2019. Lately, Indian oil marketing companies (OMCs) have seen a hike in the requirement of biofuel, as national policies necessitate certain percentage of its blending with petrol and diesel.
(ii) Currently, the 'National Policy on bio-fuel 2009' mandates 10% blending of petrol and diesel and targets to increase this level to 20% in near future. Assam-based Numaligarh Refinery Limited (NRL) will implement the refinery project in partnership with Chempolis Oy, a Finland-based company.
(iii) The Rs.950-crore project will use bamboo, which grows amply in the region, as its feedstock and produce fuel grade bio-ethanol.
7. YES Bank ties-up with Smartbox Ecommerce Solutions
(i) YES Bank tied-up with Smartbox Ecommerce Solutions in order to solve problems related to last-mile delivery for e-commerce players. The bank will help power the payment solutions for Smartbox network of Automated Parcel Delivery Terminals.
(ii) Cash-on-delivery is the most preferred payment mode for consumers, accounting for 50% of the e-commerce market.
(iii) This is further expected to reach $100 billion by 2020 and the partnership with YES Bank will bring down costs for e-commerce firms while ensuring convenience to online shoppers.
8. Aurobindo Mukherjee who passed away
(i) Recently, veteran film-maker Aurobindo Mukherjee passed away at his residence, aged 97.
(ii) Mukherjee was known for cult Bengali movies like 'Agniswar', 'Mouchak' and 'Nishipadma'-all featuring matinee idol Uttam Kumar-in the early 70s.
To get fresh updates on your Facebook & Twitter timelines, subscribe to our pages created specifically for them. We will be posting only those exam specific links on these pages:
Bank PO:
FB: https://www.facebook.com/pagalguybankpo
Twitter: https://twitter.com/PaGaLGuYBankPO
SSC & Other Exams:
FB: https://www.facebook.com/pages/Pagalguy-SSC-CGL-Others/879667042056262
Twitter: https://twitter.com/pagalguyssc
UPSC:
Facebook: https://www.facebook.com/pages/Pagalguy-UPSC/951926044840262
Twitter: https://twitter.com/PaGaLGuYUPSC
GK Update - Unified Payments Interface
Dear Readers,
The Unified Payments Interface was recently in news and could be important for your exams.
The National Payments Corporation of India (NPCI) will be launching it in April this year. It is an advanced payment system through which a customer with a bank account can transfer money and make payments almost as easily as s/he sends a text message. In this article, we will look at its brief background and some key features.
Background
· NPCI is testing the product in collaboration with Axis Bank, and twenty-nine other banks have also agreed to provide UPI services to their customers from the first quarter of the next financial year.
· This will be one of the five products launched by NPCI in the upcoming financial year. These will include Bharat Bill Payment System (BBPS), electronic toll collections, RuPay credit-plus-debit card and tap-and-go transit card.
Key Features
· UPI will use a one-click, two-factor authentication for mobile phones across different bank accounts, enabling immediate transfer of funds.
· Customers will be able to use their mobile phone as the primary device for all forms of payments - person to person & person to entity, and entity to person.
· UPI will let customers use their Aadhar number, mobile number, card number and account number in a unified manner.
· The payments and collections will be carried out using aliases, or "virtual payment addresses", which will be bound by payee/amount/time. Thus, the security will be much stronger.
· Collect requests sent to others will have a "pay by" date which will allow payment requests to be "snoozed" and paid later, but before the expiry date. This way, money will not have to be blocked until the customer is ready to pay.
· Similar to the Electronic Clearing System, UPI will allow pre-authorisation of multiple recurring payments (utilities, subscriptions, school fees, etc.), with a one-time secure authentication and rule-based access.
· All payment system players will be able to use
· Customers will be able to have PSP provided mobile applications, which will enable payment from any account using any number of virtual addresses, with the help of passwords or PINs or biometrics (on
· With so many features, the need to share
· In about one and a half year, smartphones will have the facility of biometric authentication, which will allow the customers to carry out transactions using their fingerprints. These prints will then be cross-checked with the Unique Identification Authority of India (UIDAI) database. After verification, the transaction will be instantaneous.
These are the major points to be remembered about the Unified Payment Interface. If you can understand these well, you can answer questions pertaining to it with greater ease.
To get fresh updates on your Facebook & Twitter timelines, subscribe to our pages created specifically for them. We will be posting only those exam specific links on these pages:
Bank PO:
FB: https://www.facebook.com/pagalguybankpo
Twitter: https://twitter.com/PaGaLGuYBankPO
SSC & Other Exams:
FB: https://www.facebook.com/Pagalguy-SSC-CGL-Others-879667042056262/timeline/
Twitter: https://twitter.com/pagalguyssc
UPSC:
Facebook: https://www.facebook.com/Pagalguy-UPSC-951926044840262/timeline/
Twitter: https://twitter.com/PaGaLGuYUPSC
which state mobile application named as Mobile one governance has won gold medal in m-governance category at the fourth world government summit in Dubai.The application provides services like bill-payments,issue redressal,agriculture etc from govt and pvt sectors to citizens?
0 voters
.
1. Current Affairs
http://www.pagalguy.com/discussions/current-affairs-34570127
2. Banking Awareness
http://www.pagalguy.com/discussions/banking-awareness-thread-36454307
3. Static GK
http://www.pagalguy.com/discussions/exclusive-thread-for-static-gk-39628289
4. Computers
http://www.pagalguy.com/discussions/ibps-computer-awareness-thread-36454298
5. Quant
http://www.pagalguy.com/discussions/the-reasoning-thread-40030900
6. Reasoning
http://www.pagalguy.com/discussions/the-reasoning-thread-40030900
7. SBI PO 2016
http://www.pagalguy.com/discussions/sbi-po-2016-preparation-discussion-37443483
8. SSC CGL 2016
http://www.pagalguy.com/discussions/ssc-cgl-2016-tier-1-preparation-36263646
9. Last but not Least.. RTS
http://www.pagalguy.com/discussions/rise-to-smile-25102005
A temporary account held by a third part which operates until the completion of a transaction process between two parties is called
0 voters
Which state signed a joint venture pact for infrastructure development with the Indian Railway recently? It is the fifth state to sign such pact.
0 voters
As per a study by the UN Office for Disaster Risk Reduction (UNISDR), hit with 19 disasters in 2015, India stands at _____ position among disaster affected countries.
0 voters
Who's Who
Union Government
. Mr. Pranab Mukherjee : 13th President of India
. Mohammed Hamid Ansari : Vice President & Chairman of the Rajya Sabha
. Shri Narendra Modi : 15th Prime Minister of India & Chairman of NITI Aayog
. Ms. Sumitra Mahajan : Lok Sabha Speaker
Judiciary
. Chief Justice of India : Mr. Justice T.S. Thakur
. Solicitor General of India : Mr. Ranjit Kumar
. Attorney General : Mr. Mukul Rohatgi
Chief of Armed Forces :
. Supreme Commander : Hon'ble President Mr. Pranab Mukherjee
. Chief of The Army Staff : General Dalbir Singh Suhag
. Chief of The Naval Staff : Admiral R.K Dhowan
. Chief of The Air Staff : Air Chief Marshal Arup Raha
. Chief of the Integrated Defence Staff : Air Marshal PP Reddy
Chief Election Commissioner : Syed Nasim Ahmad Zaidi
Miscellaneous:
. Vice Chairman, NITI Aayog : Arvind Panagariya
. CEO, NITI Aayog : Amitabh Kant
Chief Election Commissioner : Syed Nasim Ahmad Zaidi
. Chief Information Commissioner: Radha Krishna Mathur
. Central Vigilance Commissioner: K V Chowdary
. Chairman 14th Finance Commission : Dr. Y. V. Reddy
. Chairman, ISRO : A S Kiran Kumar
. Chairman, Union Public Service Commission : Deepak Gupta
. Chairperson, National Human Rights Commission : Justice Cyriac Joseph
. Governor of Reserve Bank of India : Raghuram Rajan
. Chairman, 7th Pay Commission : Ashok Kumar Mathur
. Director, Central Bureau of Investigation : Anil Kumar Sinha
. Director, Intelligence Bureau : Dineshwar Sharma
. Foreign Secretary : Subrahmanyam Jaishankar
. National Security Advisor : Ajit Doval
. Chief of Cyber Security : Gulshan Rai
Daily Current Affairs - 12th and 13th February 2016, Friday and Saturday
1. Tamar Hahn appointed Director of UN Information Centre
(i) United Nations Secretary-General Ban Ki-moon recently appointed Tamar Hahn as the Director of United Nations Information Centre in Buenos Aires.
(ii) Prior to this appointment, Hahn was the Regional Adviser for Resource Mobilisation and Partnerships at the United Nations Population Fund (UNFPA) Regional Office for Latin America and the Caribbean in Panama City, Panama.
(iii) The network of 63 United Nations Information Centres are key to the UN Organisation's ability to reach the peoples of the world and to share its story with them in their own languages.
2. Hydrocarbons Vision 2030 released
(i) Hydrocarbon Vision 2030 was recently released for North-East India by Union Minister of State (Independent Charge) for Petroleum and Natural Gas Dharmendra Pradhan.
(ii) The aim is to make focused efforts towards making hydrocarbons a tool to enable social and economic development.
(iii) The vision is based on five pillars: People, Policy, Partnership, Projects and Production. The states covered under this vision are Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim and Tripura.
3. UP passes Land Revenue Act, 2015
(i) The Uttar Pradesh Land Revenue Act, 2015, came into effect, helping replace around 39 old land revenue acts.
(ii) The new act also replaced the pre and post-British era Land Revenue Act of 1901 and Zamindari Abolition and Land Reform Act 1950.
(iii) This Act has enabled Dalits to sell their land to non-Dalits without the approval of the administration and empowers women by stipulating that the wife gets equal rights on the gram samaj land given out on a lease.
4. Elephanta Island to be electrified by Independence Day
(i) In a first, Elephanta Island will be electrified by Independence Day, 2016.
(ii) The island is completely dependent upon diesel-powered generators for electricity until now. The island will connected to the Maharashtra State electricity grid and for this Maharashtra Chief Minister has fast tracked a 25 crore rupees project to draw undersea power cables network between the mainland Mumbai and the island.
(iii) Elephanta island is situated in the Sea of Oman close to Mumbai and is a popular tourist destination.
(iv) The caves in the island are designated as UNESCO World Heritage site since 1987.
5. Ashok Bhargava re-elected as the chairman of Indian Tea Association
(i) Ashok Kumar Bhargava was re-elected as the Chairman of the Indian Tea Association. He will also hold the chairmanship of Consultative Committee of Plantation Associations (CCPA), the apex body of Tea Plantation Association in India.
(ii) Presently, he is the Managing Director of Apeejay Tea Limited.
(iii) Further, Azam Monem, Director, McLeod Russel India Limited and Vivek Goenka, President, Warren Tea Limited have been re-elected as vice-chairman and additional vice-chairman of the association respectively.
6. Brij Bhushan Singh elected President of South Asian Wrestling Federation
(i) Brij Bhushan Singh was elected as the President of South Asian Wrestling Federation during the General Body Meeting of South Asian Wrestling Federation.
(ii)In other appointments, Tabiur Rehman from Bangladesh elected Secretary General, Chawdhury Mohd.
(iii) Ajgar of Pakistan , U.H. Neville Pdmashri from Sri Lanka and Raj Mohammed Ansari of Nepal were elected vice presidents.
7. Mukesh Bansal and Ankit Nagori quit Flipkart
(i) Recently, head of commerce and advertising business Mukesh Bansal and Chief Business Officer Ankit Nagori quit Flipkart.
(ii) Bansal had joined the firm when it acquired Myntra in 2014. Bansal will, however, continue to be an advisor. Ankit Nagori has quit the firm to start an entrepreneurial venture in the sports field, while Bansal has taken a break to spend time with his family.
(iii) Flipkart co-founders Sachin and Binny Bansal will be the first investors in Nagori's new venture.
8. Infosys commits Rs 1 crore to reward innovative ideas
(i) Ahead of the Make in India week, Infosys committed Rs.1 crore to reward innovative ideas coming out of India as a part of its Infy Maker Awards program.
(ii) Infosys COO Pravin Rao confirmed that Infosys would award 20 prizes of Rs.5 lakh each to citizens in a bid to motivate them to build creative ideas and solutions from various communities and sectors.
(iii) The Infosys Foundation USA had launched the Infy Maker Awards program.
9. Wipro acquires US based HealthPlan Services for Rs. 3150 crore
(i) Wipro recently acquired US based HealthPlan Services for Rs. 3150 crore.
(ii) Wipro will acquire 100 per cent of HealthPlan Services' shares and the transaction is subject to customary regulatory approvals and is expected to be completed in the next 60-90 days.
(iii) The acquisition will help the Wipro strengthen its position in the U.S. health insurance market. HealthPlan Services is based in Florida and is a leading independent technology and Business Process as a Service (BPaaS) provider in the U.S. health insurance market.
10. Pulitzer winning composer Leslie Bassett passes away
(i) Pulitzer Prize-winning composer Leslie Bassett passed away in Georgia, aged 93.
(ii) Bassett had won the Pulitzer for Music for Variations for Orchestra, which premiered in Rome in 1963.
(iii) He was an alumnus of the University of Michigan and a member of the Gamma Pi chapter of Phi Mu Alpha Sinfonia at California State University-Fresno, 1942.
11. Quinton de Kock becomes youngest player to score 10 ODI centuries
(i) South Africa's Quinton de Kock became the youngest player to score 10 ODI centuries.
(ii) He broke the record of Indian cricketer Virat Kohli during the third ODI against England in Centurion. De Kock's age when he scored the century against England was 23 years and 54 days while Kohli was 23 years and 159 days when reached the landmark.
(iii) While Kohli achieved 10 centuries in 80 innings, de Kock has managed the achievement in just 55 innings.
To get fresh updates on your Facebook & Twitter timelines, subscribe to our pages created specifically for them. We will be posting only those exam specific links on these pages:
Bank PO:
FB: https://www.facebook.com/pagalguybankpo
Twitter: https://twitter.com/PaGaLGuYBankPO
SSC & Other Exams:
FB: https://www.facebook.com/pages/Pagalguy-SSC-CGL-Others/879667042056262
Twitter: https://twitter.com/pagalguyssc
UPSC:
Facebook: https://www.facebook.com/pages/Pagalguy-UPSC/951926044840262
Twitter: https://twitter.com/PaGaLGuYUPSC
India is set to get its first biofuel refinery by 2019 in ___________.
0 voters
Daily Current Affairs - 16th January 2016, Tuesday
1. Mysuru emerges as the cleanest city in India
(i) As per the recently released results of a survey conducted to assess the positive impact of the Swachh Bharat Mission, Mysore has emerged as the cleanest city in India followed by Chandigarh and Tiruchirapalli.
(ii) The survey, which was conducted in 73 cities with 10 lakh and above population, revealed that cities in south and east India have effectively implemented the Swachh Bharat Mission as compared to cities in north and west India. Dhanbad was found to be the dirtiest of all cities.
(iii) The 10 dirtiest cities include three cities from Uttar Pradesh - Varanasi, Ghaziabad and Meerut. The study was conducted by Quality Council of India, involving 25 teams, 100 trained surveyors for document verification, field observation and obtaining feedback from citizens.
2. US- ASEAN Summit kick-starts in California
(i) The US President Barack Obama recently kicked-off the summit meeting with leaders of the Association of South East Asian Nations, in California.
(ii) The objective of this summit is to address the problems concerning maritime security in the South China Sea, where China is increasing its stronghold.
(iii) President Obama said that few regions present more opportunities in the 21st century than the Asia Pacific, and restated his country's aim to strengthen ties in the economic and security spheres.
(iv) Obama and leaders of the 10 member nations of the regional bloc are likely to discuss the growth of trade ties through the US-led Trans-Pacific Partnership free trade pact, significance of freedom of navigation on the seas and territorial disputes, etc.
3. India signs MoU with Sweden for technical cooperation in Railways
(i) The Indian government signed an MoU for technical cooperation with the government of Sweden in the railways sector.
(ii) The collaboration aims to enhance efficiency and sustainability in order to achieve substantial results as regards bilateral trade, investment, research and technology transfer.
(iii) The provisions of the MoU enable exchange of information, technical expertise, innovation, technology, sustainable solutions and research. Both India and Sweden will work to standardise policy development, regulations and organisation, among others for their respective railways.
4. Israel's ex-PM Ehud Olmert sentenced to 18 months imprisonment
(i) Ex-Prime Minister of Israel Ehud Olmert began his 18-month sentence in a corruption case. He was convicted in March 2014 of taking bribes to promote a contentious real estate in Jerusalem when he was Mayor of the city and the trade minister. He became the first Israeli PM to be imprisoned.
(ii) Olmert, 70, was forced to resign in 2009 in the middle of the last serious round of Israeli-Palestinian peace talks. He has, however, rejected all the allegation levelled against him.
(iii) Israel's robust judicial system also sent ex-president Moshe Katsav to prison in 2011. He is now serving a seven-year prison term for rape.
5. Deadly yellow fever outbreak kills 51 in Angola
(i) A deadly outbreak of yellow fever in Angola has killed 51 people and infected 241 others.
(ii) This is the first epidemic of the disease to affect the south African country in the last 30 years. More than 450,000 people have been vaccinated in the capital city of Luanda.
(iii) There is no symptom-specific treatment for the viral haemorrhagic disease which is transmitted by infected mosquitoes. Angola lies in the yellow fever belt of Africa and poor sanitation has been cited as the main reason for the outbreak.
6. Australia seizes liquid meth worth $900 million
(i) Recently, the Australian police seized 1.26 billion Australian dollars' ($900 million) worth of methylamphetamine drug, which was found hidden in shipments of silicon bra inserts and art supplies. This is the country's largest bust of the illicit drug in its liquid form.
(ii) In this regard, four Hong Kong passport holders were arrested in Sydney over the import from China of 720 litres of the drug, commonly called ice in Australia.
(iii) The nation's Justice Minister Michael Keenan said the operation used information gathered through new cooperation between the Australian Federal Police and China's National Narcotics Control Commission.
7. PNB declares Mallya's United Breweries Ltd. as a wilful defaulter
(i) Recently, Punjab National Bank declared United Breweries (Holdings) Ltd., wherein Vijay Mallya holds a majority stake, as a "wilful defaulter".
(ii) As per the company's statement, "The company is in consultation with its legal counsels to challenge the decision by taking appropriate legal action that may be required in this regard."
(iii) Previously, State Bank of India had declared Mallya as a wilful defaulter after discussions to get UB Group chairman to repay debts of Rs.8,700 crore to a 17-bank consortium failed.
(iv) Mallya had pledged his shares in United Breweries, United Spirits and United Breweries (Holdings) Ltd to banks against which loans were extended to Kingfisher Airlines.
8. Justice Waghela sworn in as Chief Justice of Bombay High Court
(i) Justice Dheerendra Hiralal Waghela was recently sworn-in as the Chief Justice of the Bombay High Court by Maharashtra Governor C Vidyasagar Rao. The swearing in ceremony was held at the Darbar Hall of Raj Bhavan.
(ii) Previously Justice Waghela served as the Chief Justice of the Orissa High Court and he succeeds Justice Mohit Shah, who retired on September 8, 2015.
(iii) In the meantime, Justice Vijaya Tahilramani had served as the Acting Chief Justice of the Bombay High Court.
9. Snapdeal raises $ 200 million
(i) Indian e-commerce platform Snapdeal raised $200 million led by the Canada's Ontario Teachers' Pension Plan. Snapdeal aims to increase investments in logistics and infrastructure in the domestic e-commerce sector.
(ii) The fundraising has come at a time when there's increasing concern about incremental funding among Indian start-ups.
(iii) Presently, Flipkart, Amazon and Snapdeal are the top players in India's e-commerce market, which is estimated to be worth $220 billion by value of goods sold by 2025.
10. Indian women's football team bags gold at12th SAG
(i) Recently, the Indian women's football team defeated Nepal 4-0 in the finals held in Shillong to claim the gold at the 12th South Asian Games (SAG). Kamala Devi scored two goals of the total four; Bala Devi and Ashalata Devi were other goal scorers.
(ii) The 12th South Asian Games witnessed a participation of 2,500 athletes from South Asian nations like Pakistan, Sri Lanka, Bangladesh, Afghanistan, Nepal, Bhutan and Maldives.
To get fresh updates on your Facebook & Twitter timelines, subscribe to our pages created specifically for them. We will be posting only those exam specific links on these pages:
Bank PO:
FB: https://www.facebook.com/pagalguybankpo
Twitter: https://twitter.com/PaGaLGuYBankPO
SSC & Other Exams:
FB: https://www.facebook.com/pages/Pagalguy-SSC-CGL-Others/879667042056262
Twitter: https://twitter.com/pagalguyssc
UPSC:
Facebook: https://www.facebook.com/pages/Pagalguy-UPSC/951926044840262
Twitter: https://twitter.com/PaGaLGuYUPSC
The recent report on Introduction of Interest Rate Options in India was prepared by the RBI committee chaired by -------------------.
0 voters
Lakshmi Vilas Bank Recruitment of POs and Clerks 2016 Friends, the Lakshmi Vilas Bank Limited, a very well-known and totally technology driven private sector bank, is inviting online applications for filling up posts of POs (Probationary Officers) and Clerks for the year 2016. No IBPS Score is required to apply. You can apply online from 17th February 2016 to 1st March 2016. Check complete details below. All the Best. Name of the Organization : Lakshmi Vilas Bank Limited Name of the Posts : Probationary Officers & Clerks Educational Qualifications : POs : Graduates who secured minimum of 60% and studied in regular college affiliated to any recognized university (10+2+3 or equivalent pattern) Clerks : Non Engineering Graduates who secured minimum of 55% and studied in regular college affiliated to any recognized university (10+2+3 or equivalent pattern) Age (As on February 1, 2016) : POs : Minimum : 20 Years Maximum: 30 Years Clerks Minimum : 20 Years Maximum: 27 Years Important Dates : Opening date for online registration : 17th February 2016 Last date for online registration : 1st March 2016 Call Letter download for Online Test : One week before the exam date Tentative Month of Online Exam : March 2016 Application Fee : Rs. 600/ www.lvbank.com/careers.aspx
Daily Current Affairs - 17th January 2016, Wednesday
1. Former UN Secretary-General Boutros Boutros-Ghali passes away
2. ICC, Unicef launch Team Swachh clinics
3. IRCTC to tie-up with mRUPEE to enable easy payment
4. President Pranab Mukherjee confers Infosys Prize 2015
5. Lodha Group's vice-president Santosh Kumar joins CloverMark
6. Haryana to collaborate on technology, development with S Korean state
7. Boeing wins $1.3 billion buy commitment from China's Okay Airways
8. Etihad Airways registers record passenger figures in India
9. Iran invites Indian investment in projects worth $8 billion
10. Fashion designer Manish Arora conferred Knight of the Legion of Honour
11. Jauna Murmu, Ranjit Nayak chosen for TOP scheme
12. Taylor Swift bags her second Grammy for best album
Song of the Year: Thinking Out Loud - Ed Sheeran
Best New Artist: Meghan Trainor
Best Pop Solo Performance: Ed Sheeran - Thinking Out Loud
Best Pop Duo/Group Performance: Uptown Funk - Mark Ronson featuring Bruno Mars
Best Rock Performance: Don't Wanna Fight - Alabama Shakes
Best Rock Album: Drones - Muse
Best Rap Performance: Alright - Kendrick Lamar
13. National Capital Goods Policy unveiled
To get fresh updates on your Facebook & Twitter timelines, subscribe to our pages created specifically for them. We will be posting only those exam specific links on these pages:
Bank PO:
FB: https://www.facebook.com/pagalguybankpo
Twitter: https://twitter.com/PaGaLGuYBankPO
SSC & Other Exams:
FB: https://www.facebook.com/pages/Pagalguy-SSC-CGL-Others/879667042056262
Twitter: https://twitter.com/pagalguyssc
UPSC:
Facebook: https://www.facebook.com/pages/Pagalguy-UPSC/951926044840262
Twitter: https://twitter.com/PaGaLGuYUPSC
All you need to know about the Insolvency and Bankruptcy Code 2015
The Insolvency and Bankruptcy Code Bill 2015 can be important for your upcoming exams. It was introduced by Union Finance Minster Arun Jaitley in the Lok Sabha in December 2015. In this article, we will take a thorough look at this bill, its significance, advantages and disadvantages, and its impact on the nature of corporate governance in India.
Background:
As per recent World Bank data, India ranks an abysmal 136 of the 189 countries in terms of fast and efficient resolution of insolvencies, with creditors having limited power in case of default by a company. If passed, the bill could significantly impact corporate governance in India and grant more authority to creditors to ensure faster resolution of bad loans - a major issue ailing PSU banks.
Highlights of the bill
Significance of the bill
Conclusion:
If passed, the proposed Bankruptcy Bill will not just result in timely resolution of insolvency in India but also improve the broader ecosystem of corporate governance.
To get fresh updates on your Facebook & Twitter timelines, subscribe to our pages created specifically for them. We will be posting only those exam specific links on these pages:
Bank PO:
FB: https://www.facebook.com/pagalguybankpo
Twitter: https://twitter.com/PaGaLGuYBankPO
SSC & Other Exams:
FB: https://www.facebook.com/pages/Pagalguy-SSC-CGL-Others/879667042056262
Twitter: https://twitter.com/pagalguyssc
UPSC:
Facebook: https://www.facebook.com/pages/Pagalguy-UPSC/951926044840262
Twitter: https://twitter.com/PaGaLGuYUPSC
1. What is the name of the genetically-modified (GM) mustard developed in India?
[A]BMH-11
[B]BMH-21
[C]DMH-11
[D]DMH-21
Which of the following states is set to emerge as India’s first silicon chip-manufacturing hub?
0 voters
Daily Current Affairs - 18th February 2016, Thursday
1. Mumbai based Teacher top 10 finalist for Global Teacher's prize 2016
(i) Recently, Mumbai-based Robin Chaurasiya was named one of the top 10 finalists for the Global Teacher's Prize 2016, which is considered as the Nobel Prize for teaching. Chaurasiya is the founder of Kranti School for daughters of commercial sex workers of Kamathipura.
(ii) The finalists have been shortlisted from 8,000 nominations from 148 countries. The award that will be announced on March 13, carries a cash prize of $1 million.
(iii)The Prize, which carries a cash reward of 1 million, was instituted by the Varkey Foundation under the aegis of Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President, Prime Minister, and Emir of Dubai.
2. India - Seychelles joint military exercise Lamitye 2016 begins
(i) The 7th joint military exercise between the Indian Army and Seychelles People's Defence Forces (SPDF), called Lamitye 2016, recently began in Victoria, the capital of Seychelles.
(ii) The Indian force comprises an infantry platoon and representatives from the Special Forces, while the SPDF consists of 20 personnel from Tazar (Special Forces Unit) and 32 from Seychelles Infantry.
(iii) Both countries have been holding biennial joint military exercises since 2001 with the aim of improving military cooperation and interoperability. The term 'Lamitye' means friendship in Croele (local dialect in Seychelles).
3. SEBI constitutes committee to refund Rs.49,000 crore to PACL investors
(i) Following a Supreme Court order, the Securities and Exchange Board of India (SEBI) recently instituted a committee under the chairmanship of former Chief Justice of India R.M. Lodha in order to dispose of the land purchased by PACL Ltd. and refund individuals who had invested in the company's funds for purchase of the land.
(ii) S. Raman, a whole-time SEBI member, and Amit Pradhan, the chief general manager and regional director of SEBI's North Regional Office, will be two of the members in the committee.
Note: Recently, SEBI had fined PACL and nine of its directors a total of Rs.23.32 crore for allegedly violating norms on collective investment schemes (CIS) and illegally mobilising Rs.49,100 crore from investors during 1996-2014.
4.Tamil Nadu to launch free buss pass scheme for senior citizen
(i) The Tamil Nadu Chief Minister J Jayalalithaa announced a free bus pass scheme for senior citizens in Chennai recently.
(ii) Making a suo moto statement, the CM said that the scheme would come into effect from 24th February, which is also her 68th birthday.
(iii) The scheme can be availed by people above the age of 60 to travel in non-AC buses run by the state's Metropolitan Transport Corporation in Chennai. Based on the response, the scheme will be extended to other parts of the state.
5. Alok Kumar appointed as Delhi's new police commissioner
(i) Alok Kumar Verma was appointed as Delhi's new Police Commissioner and will replace BS Bassi by March 1, 2016.
(ii) The Union Ministry of Home Affairs had sent a panel comprising names of three IPS officers to the Cabinet Committee on Appointments (CCA), which selected Verma, a 1979-batch officer and the most senior of the three.
6. Tata steel bags TIME's 'best in class for manufacturing award'
(i) At the recently held Make in India week, US-based publishing company TIME Inc. announced the winners of the inaugural TIME India Awards, which honours leaders for manufacturing excellence.
(ii) Following is the list of winners across the three categories:
* Best in class manufacturing award - Tata Steel
* Manufacturing innovator of the year award - Hero MotoCorp
* TIME India Young Maker of the Year - Yogesh and Rajesh Agrawal of Ajanta Pharma Limited.
7. Amazon launches Tatkal initiative for SMB
(i) The e-commerce major announced the launch of 'Amazon Tatkal' that enables small and medium business (SMB) to go online and sell products on Amazon in real-time.
(ii) As per the company statement, "Tatkal is a specially designed studio-on-wheels offering a suite of launch services including registration, imaging and cataloguing services, as well as basic seller training mechanisms."
(iii) Amazon Tatkal will visit seller-dense pockets across cities and engage with local businesses over the next several months.
8. Nike terminates deal with Manny Pacquiao over derogatory comments on homosexuals
(i) Recently, the sportswear brand ended its association with professional boxer Manny Pacquiao following his offensive comments against homosexuals. In a recent interview, the 37-year-old boxer described homosexuals as "worse than animals".
(ii) In its statement the company said, "Nike strongly opposes discrimination of any kind and has a long history of supporting and standing up for the rights of the LGBT community."
(iii) Pacquiao, who is running for the senate seat in his country Philippines, later apologised for his remarks.
9. Freedom 251- Cheapest smartphone launched
(i) Indian handset manufacturing firm Ringing Bells recently launched Freedom 251, the world's cheapest smartphone.
(ii) For just Rs.251 ($3.67; £2.56), the phone offers 8GB storage and front and rear cameras, 1.3 GHz quad-core processor, 1GB RAM and Android 5.1 Lollipop OS, among other features.
(iii) Bookings for the phone opened on February 18 and will close on February 21. The company said, "The launch is in line with Prime Minister Narendra Modi's vision for "empowering India to the last person, transforming India's growth story."
10. India tops the medal chart at 12 SAG
(i) The 12 South Asian Games recently concluded and India topped the medal count with a total of 308 medals - 88 gold, 99 silver and 30 bronze. On the last day of the event, female Indian boxers- London Olympics bronze-medallist M.C. Mary Kom (51kg), former world champion L. Sarita Devi (60kg) and Asian Games bronze winner Pooja Rani (75kg) - bagged gold in their respective categories.
(ii) The judokas (a competitor in judo) bagged two gold and two silver medals. India dominated the games, followed by Sri Lanka in the second spot with a tally of 186 medals (25 silver, 63 silver and 98 bronze) and Pakistan ranking 3rd with a count of 106 medals (12 gold, 37 silver and 57 bronze).
To get fresh updates on your Facebook & Twitter timelines, subscribe to our pages created specifically for them. We will be posting only those exam specific links on these pages:
Bank PO:
FB: https://www.facebook.com/pagalguybankpo
Twitter: https://twitter.com/PaGaLGuYBankPO
SSC & Other Exams:
FB: https://www.facebook.com/pages/Pagalguy-SSC-CGL-Others/879667042056262
Twitter: https://twitter.com/pagalguyssc
UPSC:
Facebook: https://www.facebook.com/pages/Pagalguy-UPSC/951926044840262
Twitter: https://twitter.com/PaGaLGuYUPSC