Daily Current Affairs: 27th & 28th June 2016

Daily Current Affairs: 27th & 28th June 2016

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  • International Indian Film Awards function was held in Spain on 26th June 2016. The winners of various categories are: Deepika Padukone (Best Actress for Piku), Ranveer Singh (Best Actor for Bajirao Maastani), Sanjay Leela Bhanshali (Best Director for Bajirao Mastaani). ‘Bajrangi Bhaijaan’ was named as the best movie of the year
  • IT Department has unearthed Rs 13000 crore as illegally stashed away money in various foreign accounts by Indian account holders. The information was first given by France in 2013 about several Indians holding accounts in HSBC Geneva, having income from sources other than legal
  • PM Narendra Modi has unveiled the Smart Cities Mission in 20 different cities with 83 projects from Pune. The projects include water sewage system, transport system, solid waste management under Swachh Bharat Mission etc. The total project cost has been estimated at Rs 1770 crore

Banking and Finance

  • According to a survey by the risk mitigation consultancy Kroll with the aid of the Economic Intelligence Unit, has revealed that 80 percent of the companies in India have been the victims of fraud, up from 69 percent in 2013-14. Only Colombia with 83 percent and Sub-Saharan Africa with 84 percent have surpassed India in the area
  • The Ministry of Housing and Urban Poverty Alleviation has decided to set up a central nodal agency in order to ensure speedy credit to urban poor of the country. In order to make it happen, it has arranged a conference of bankers, concerned ministers etc to discuss the ways in which it can be achieved
  • Tata Group and Starbucks have entered into an agreement to expand the area of business outside India as well. As part of the deal, now single-origin Indian coffee will be eligible in its US outlets, the Starbucks brand will be available in Vistara Airlines and the Himalayan mineral water will be available in Asia Pacific markets
  • The Central Board of Direct Taxes has clarified that the Tax Collected at Source will be applicable only for payment in cash of more than Rs 2 lakh. Even if the purchase is of more than Rs 2 lakhs but the cash component is less than that, TCS will not be applicable to such purchases
  • The Chief of the Sri Lanka central bank, Arjuna Mahendran, has stepped down from his post after year-long protests from various civil society groups as well as political activists demanding his departure
  • The Central Government has amended the RBI Act 1934 and has notified the same in order to bring the Monetary Policy Committee one step closer to reality. The committee has been conceptualized as an institutional set up to decide the monetary policy of the country. It will comprise of 6 members three each of RBI and nominated by the Centre. The Governor, Deputy Governor and one officer of the BI will be members along with three members chosen by search committee headed by Cabinet Secretary. This committee will meet 4 times a year and publicize the views on monetary policy
  • In a first for AIIB, it has approved its first set of loans for four countries namely Pakistan, Tajikistan, Bangladesh and Indonesia with the total project cost being $509 million. The projects are related to transport, urban development etc and will have repayment period of 25 years with 5 years grace period. The rate of interest has been decided as the London Interbank Interest Rate plus 1.5 percent

TAKE Daily Current Affairs Quiz: 27th & 28th June 2016

GK and World Affairs

  • The Commerce Ministry has decided to make yoga compulsory for services sector in order to increase the skill of employees. It has announced that its is going to certify around 50000 yoga professionals in the next three years to the Level 1 and Level 2. The Quality Council of India is going to certify the professionals
  • The Populist Party of Spain has been declared the winners in the General Elections that were held in June 2016. But, it feel short of absolute majority in the 350 member assembly as it could muster 137 seats. Mariano Rajoy, the acting PM will see if he can form the government by garnering enough support
  • Two new locks were opened at Panama Canal in order to facilitate more carrying of cargo. The $5.25 billion project was scheduled to be completed in October 2014 but was delayed due to slow process of approval, labor strikes, leaks etc. These locks can accommodate Panamax class vessels that are seen as the future of global shipping  
  • A US court has ruled in favour of the abortion rights activists after ruling in their favour while striking down a Texas law that sought to impose restrictions on doctors and clinics carrying out abortion
  • In a startling revelation, the weapons programme by CIA in order to arm the Syrian rebels against the Assad regime has been declared to pave the way for proliferation of these arms by Jordan Intelligence Agency. This resulted in these arms being sold in the black market
  • A report published by the International Energy Agency has revealed that around 6.5 million people die every year because of air pollution around the world. Many of the causes are related to the energy industry and therefore, use of alternative energy sources should be increased, according to the report
  • The Eastern Zonal Council Meeting has been inaugurated by Union Home Minister Rajnath Singh in Ranchi. It is aimed at discussing issues concerning the eastern states such as Bihar, Jharkhand, West Bengal, Odisha etc

Sports and Technology

  • India has become the 35th member of the Missile Technology Control Regime, group that aims at reducing the proliferation of missiles and unmanned aircrafts in the world as these can be weapons of mass destruction. India will also be able to take part in the October plenary in Seoul of the group
  • Lionel Messi has announced his retirement from international football after Argentina lost to Chile in penalty shootout in the final of the Copa Amercia centenary in USA. The player has won Five FIFA Ballon D’Or titles along with 4 champions league titles with Barcelona. But, he has not been able to bring a trophy to Argentina that has been suffering from trophy drought since 1993
  • According to a report by EY, the mergers and acquisitions in the power sector have surged 166 percent in the first 5 months of the year to $1.6 billion compared to the year ago period in 2015. Though the numbers have gone up for renewable energy, the total amount for them makes up only 11 percent of the whole
  • State-run BHEL has commissioned two hydel electric projects in Salma Dam in Afghanistan. Each is of 14 MW. The Salma Dam was inaugurated by PM Narendra Modi during his visit to Afghanistan and it is considered as a sign of Indo-Afghan friendship
  • Anju Bobby George and Pullela Gopichand have been inducted in the committee of Khelo India, an initiative by the Central Government for the promotion of sports in the country. The committee will be headed by the Sports Secretary. While Anju is the lone medal winner in Athletics in World Championship, Gopichand is the chief national coach for badminton at present
  • Argentina defeated the Netherlands in the final of the FIH Champions Trophy (women’s) to record their seventh title in the tournament. No other team has won these many times in the tournament

TAKE Daily Current Affairs Quiz: 27th & 28th June 2016

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