Tuesday, February 09, 2016

Current Affairs Update – 9th February, 2016

Hello and welcome to ExamPundit. Here are the Important Current Affairs of 9th February, 2016. These are important for the upcoming LIC AAO 2016 Exam.

Current Affairs at a Glance - 9th February, 2016
  1. Union Railway Ministry on 9 February 2016 signed Memorandum of Understanding (MoU) with Chhattisgarh Government for formation of Joint Venture Companies for development of railway infrastructure in the state.
  2. Google Chief Executive Sundar Pichai received restricted stock worth about $199 million, according to a regulatory filing by Google parent company Alphabet Inc .
  3. The Ministry of Coal has approved a proposal to grant a short-term coal linkage to central and state public sector units which have been allotted Schedule III coal mines. Under the Coal Mines (Special Provisions) Act, Schedule III coal mines are those which require some work or clearances before they start to produce.
  4. International Fleet Review (IFR) 2016 of the Indian Navy was concluded on 8 February 2016 along the coast of Visakhapatnam in Andhra Pradesh.
  5. The Chettinad cotton saree in the first week on February 2016 won the India Handloom tag for its unique designs and identity.
  6. India’s the Directorate General of Civil Aviation (DGCA) and United States Technical Development Agency (USTDA) were on 9 February 2016 signed the grant agreement for India Aviation Safety Technical Assistance Phase II in New Delhi.
  7. The Operation Rahaat came in news in second week of February 2016 after the Royal Navy of United Kingdom (UK) presented its desire to officially study India’s humanitarian rescue operation in Yemen.
  8. After decades of delay and inaction, the Hindu minority community in Pakistan will soon have a marriage law as a parliamentary panel has unanimously approved the Hindu Marriage Bill.
  9. Bidyananda Barkakoty appointed as new vice-chairman of Tea Board
  10. Joshna Chinappa on 8 February 2016 clinched the gold in women's individual squash after beating Maria Toorpaki Wazir of Pakistan at the South Asian Games.
  11. Eight scientists on 5 February 2016 received the UNESCO Medals for their contributions to the development of nanoscience and nanotechnologies at Paris. The winner of the 2014 Nobel Prize in Physics, Professor Isamu Akasaki was among the eight.
  12. Nepal’s former Prime Minister Sushil Koirala passed away on 9 February 2016 in Kathmandu, Nepal due to chronic respiratory problem. He was 76.



Finance/Industry –

Union Government signed MoU with Chhattisgarh for development of railway infrastructure


  • Union Railway Ministry on 9 February 2016 signed Memorandum of Understanding (MoU) with Chhattisgarh Government for formation of Joint Venture Companies for development of railway infrastructure in the state.
  • The Joint Ventures with states for focused project development, resource mobilization, land acquisition, project implementation and monitoring of critical rail projects.
  • The MoU envisages formation of a Joint Venture companies having 51 percent stakes of the respective State Government and 49 percent stakes of Union Ministry of Railways. Thus, the JV companies shall be fully owned by the Government.
  • The ministry of Railways will sign a concession agreement of 30 years with the project SPV for safe and sound operation, revenue sharing and providing technical & marketing logistics to the SPV. The revenue sharing shall be based on already established formula being used for inter zonal apportionment of revenue.


Google CEO Pichai receives stock grant worth about $199 mln


  • Google Chief Executive Sundar Pichai received restricted stock worth about $199 million, according to a regulatory filing by Google parent company Alphabet Inc .
  • Pichai, who took over in August, received a grant for 273,328 Class C Google stock units on Feb. 3. The valuation is based on the stock's closing price on that date.
  • On the same day, Pichai sold 375 Class A common shares at a price of $786.28 each, and 3,625 Class C capital stock at a price of $768.84 each, the filing said.


Ministry approves 'bridge linkages' for PSU coal mine allottees


  • The Ministry of Coal has approved a proposal to grant a short-term coal linkage to central and state public sector units which have been allotted Schedule III coal mines.
  • Under the Coal Mines (Special Provisions) Act, Schedule III coal mines are those which require some work or clearances before they start to produce.
  • The short-term linkages or ‘bridge linkage’ will be given to both power and non-power sector public sector units. The bridge linkage will fill the gap of coal requirement of the specified end use plant till the allotted coal mine starts production.
  • Every plant, which wants a bridge linkage, will need to apply to the Ministry of Coal. The request will be considered by the Standing Linkage Committee (Long Term) and thereafter Coal India or Singareni Collieries Company Ltd shall decide the grate of coal and source of coal.
  • About 21 Schedule III coal mines were allotted to 18 central and state public sector units.


E-commerce giant Flipkart ties up with Hero Cycles


  • E-commerce giant Flipkart on Tuesday announced the launch of three new models of Hero Cycles. The company aims to attract young working professionals and fitness enthusiasts, with its three new models — Hero Mega Star 26” (18-speed), Studd 26T (18-speed) and Studd 26T (single-speed), it said in a statement.
  • The Mega Star is priced at Rs 8,999 the Studd 18-speed at Rs 8,555, while the single-speed version would cost Rs 6,350.


India –

International Fleet Review 2016 concluded in Visakhapatnam


  • International Fleet Review (IFR) 2016 of the Indian Navy was concluded on 8 February 2016 along the coast of Visakhapatnam in Andhra Pradesh.
  • The 5-day long event was hosted by the Indian Navy with the theme United through Oceans. It was attended by the President of India Pranab Mukherjee and the Prime Minister Narendra Modi.
  • The review was aimed at assuring the country of the Indian Navy’s preparedness, high morale and discipline.
  • Considered as country’s biggest military exercise, friendly naval contingents from around the world joined Indian navy’s ships and submarines.
  • It saw the participation of 50 navies, 90 ships, including 24 warships and over 70 aircraft. Besides, ships of Indian Coast Guard and mercantile marine also participated in the review.



Chettinad cotton saree won India Handloom tag


  • The Chettinad cotton saree in the first week on February 2016 won the India Handloom tag for its unique designs and identity.
  • The Textiles Committee, Union Ministry of Handlooms and Textiles, Mumbai, registered the Chettinad cotton saree under the India Handloom Brand Scheme after checking various quality parameters stipulated by the Standard Operating Procedure (SOP).
  • The Ministry authorised the Amarar Rajiv Gandhi Handloom Weavers Cooperative Society, which produced the sarees, to use the brand and logo for marketing the product.


DGCA signed grant agreement with USTDA for India Aviation Safety Technical Assistance Phase II


  • India’s the Directorate General of Civil Aviation (DGCA) and United States Technical Development Agency (USTDA) were on 9 February 2016 signed the grant agreement for India Aviation Safety Technical Assistance Phase II in New Delhi.
  • The phase II of the project is aimed at sustaining efforts undertaken during 2014 for restoration of IASA Category 1 status and bringing in more systemic improvements in the area of operation, airworthiness and licensing. It will include components on general aviation and business aviation.


World –

Royal Navy of UK to study India’s Operation Raahat


  • The Operation Rahaat came in news in second week of February 2016 after the Royal Navy of United Kingdom (UK) presented its desire to officially study India’s humanitarian rescue operation in Yemen.
  • The Royal Navy wants to study the Operation Raahat in all its details and understand the meticulous planning process that was followed. It also wants to learn the way the plans were executed.
  • Operation Raahat was one of the most stellar rescue missions ever conducted in a strife-torn area internationally. It was overseen by Minister of State for External Affairs General (retd) VK Singh.


Pakistan approves Hindu Marriage Bill after decades of inaction


  • After decades of delay and inaction, the Hindu minority community in Pakistan will soon have a marriage law as a parliamentary panel has unanimously approved the Hindu Marriage Bill.
  • The National Assembly Standing Committee on Law and Justice yesterday passed the final draft of Hindu Marriage Bill 2015, where five Hindu lawmakers were specially invited.
  • The bill will now be tabled in the National Assembly where it has fair chances of being passed as the ruling Pakistan Muslim League-Nawaz (PML-N) party is supporting it.
  • Committee Chairman Chaudhry Mahmood Bashir Virk expressed regret over the long-drawn tactical delay in framing family law for the Hindu community.


Bangladesh cancelled Sonadia Island Port Project with China


  • The place Sonadia Island was in news on 8 February 2016. It was in news because, as per newspaper reports, Bangladesh cancelled China’s proposal to develop a deep sea port on the island that lies in the Bay of Bengal.
  • Sonadia Island is a small island of about 9-sq.km offshore of the Cox's Bazaar coast in Chittagong Division, Bangladesh.
  • The island is seen as a potential deepwater port that could serve the landlocked parts of India, Myanmar and China.


Appointments –

Bidyananda Barkakoty appointed as new vice-chairman of Tea Board


  • The Tea Board of India, in its 227th board meeting held today in Kolkata, elected Bidyananda Barkakoty as its new vice-chairman. Barkakoty’s tenure would begin from April 1, 2016 and would span till March 31, 2017.
  • Barkakoty is a mechanical engineer by qualification and a tea planter by profession having his own plantations at Golaghat, in Assam.
  • He is the past chairman of North Eastern Tea Association (NETA) and held the office for six years. Presently he is advisor to NETA, an executive committee member of Assam Tea Planters’ Association (ATPA) and also president of Tea Vision, an NGO.


Rajendra K Pachauri appointed as Executive Vice Chairman of TERI

  • Former Director General of The Energy and Resources Institute (TERI) Rajendra Kumar Pachauri on 8 February 2016 was appointed as the Executive Vice-Chairman of the organisation with the immediate effect.
  • On the other hand, Ajay Mathur, former chief of Bureau of Energy Efficiency, was appointed as the Director General of TERI.
  • The post of Executive Vice Chairman has been recently created and Pachauri will be the first to hold the post.


Sports –

Joshna Chinappa clinched squash individual gold at the South Asian Games


  • Joshna Chinappa on 8 February 2016 clinched the gold in women's individual squash after beating Maria Toorpaki Wazir of Pakistan at the South Asian Games.
  • Top seed Chinappa recovered from one set down to beat second seeded Wazir 10-12 11-7 11-9 11-7 at the R G Baruah Sports Complex in Guwahati.





Brij Bhushan Singh appointed as President of South Asian Wrestling Federation


  • The South Asian Wrestling Federation on 8 February 2016 announced the appointment of Brij Bhushan Sharan Singh as its President.
  • During the General Body Meeting of South Asian Wrestling Federation held on 5 February 2016, Singh was unanimously elected as the president. Tabiur Rehman from Bangladesh was also unanimously elected Secretary General.
  • The House unanimously authorised Singh to appoint one joint secretary from India, a treasurer from Afghanistan and one executive member from each South Asia Foundation (SAF) countries.
  • Apart from the two members, Chawdhury Mohd. Ajgar of Pakistan, U.H. Neville Pdmashri from Sri Lanka and Raj Mohammed Ansari of Nepal were elected vice presidents.


Awards & Honors –

UNESCO Medals conferred for contributions to development of nanoscience and nanotechnologies


  • Eight scientists on 5 February 2016 received the UNESCO Medals for their contributions to the development of nanoscience and nanotechnologies at Paris.
  • The winner of the 2014 Nobel Prize in Physics, Professor Isamu Akasaki was among the eight.
  • The Medal was established in 2010 at the initiative of the International Commission responsible for developing the Nanoscience and Nanotechnologies theme for the Encyclopedia of Life Support Systems (EOLSS).


Prime Minister Shram Awards 2014 announced

  • Union Ministry of Labour and Employment announced the Prime Minister Shram Awards for the year 2014 on 9 February 2016.
  • There are nine nominations for the Shram Bhushan Award, Nineteen nominations for Shram Vir or Shram Veerangana and twenty six nominations for Shram Shree or Shram Devi Awards.
  • Even though, the total number of Shram Awards is 32, the number of workers receiving the awards is 54 which Included 3 women, as some of the awards have been shared by workers and/or teams of workers consisting of more than one worker. These include 36 workers from the public sector and 18 workers from the private sector.

SHRAM RATNA
  • This is the highest award (one in number) among the Shram Awards and carries a cash award of 2 lakh rupees with a Sanad.

SHRAM BHUSHAN
  • Total number of these awardees is nine. It carries a cash award of one lakh rupees and a Sanad.

And Shram Veer/Veerangana awards carry a cash prize of 60000 rupees and a Sanad. Shram Shree/Devi Awards comprise of a cash prize of 40000 rupees and a Sanad.

Obituaries –

Former Nepal Prime Minister Sushil Koirala died


  • Nepal’s former Prime Minister Sushil Koirala passed away on 9 February 2016 in Kathmandu, Nepal due to chronic respiratory problem. He was 76.
  • Koirala was a key figure in adoption of Nepal's new constitution in September 2015 with overwhelming support in the Constitution Assembly.







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