Thursday, April 14, 2016

Current Affairs Update – 14th April, 2016

Hello and welcome to ExamPundit. Here are the important Current Affairs of 14 April, 2016. These are important for the upcoming SBI Clerk and NABARD Assistant Manager exam 2016. Read them thoroughly and then write them down for better result.


Current Affairs at a Glance – 14th April, 2016
  1. Union Road, Transport and Highways and Shipping Minister Nitin Gadkari and South Korea Oceans and Fisheries Minister Kim Young Suk signed a Memorandum of Understanding (MoU) on 13 April 2016 in Mumbai.
  2. A memorandum of understanding (MoU) has been signed between MicroSave and NPCI (National Payments Corporation of India) to initiate collaboration to support the Jan Dhan Yojana, boost digital transactions and to accelerate creation of less-cash economy in India through RuPay, IMPS, AePS and UPI.
  3. India was the world's largest remittance recipient in 2015 despite experiencing a $1 billion drop from the previous year, the first decline in its remittances since 2009, the World Bank has said.
  4. Oil and Natural Gas Corporation Limited (ONGC) on 14 April 2016 took over the infrastructure of abandoned Tapti gas field in western offshore from its joint venture partners Reliance Industries and BG.
  5. The term Brexit, made with combination of two words ‘Britain’ and ‘Exit’, was in news in second week of April 2016. It came in news after International Monetary Fund (IMF) on 12 April 2016 warned of risks of Brexit or Britain’s exit from the European Union (EU) amidst cutting the global growth forecast.
  6. PM Narendra Modi on 14 April 2016 launched 'Gram Uday Se Bharat Uday Abhiyan' at Mhow, Madhya Pradesh. The Abhiyan (campaign) was launched on the 125th birth anniversary of Babasaheb Ambedkar at his birthplace to strengthen Panchayati Raj in villages and ensure social harmony in villages.
  7. Nuclear capable undersea ballistic missile, code named K-4, was successfully test fired on 31 March 2016 from an undisclosed location in the Bay of Bengal. The test was conducted nearly 45 nautical miles away from Vishakhapatnam coast in Andhra Pradesh.
  8. Maharashtra Chief Minister Devendra Fadnavis on 13 April 2016 launched ‘Mission Drinking Water. The mission was launched in the backdrop of recurring droughts and severe water crisis in Marathwada and Vidarbha region of the state.
  9. Industry body Internet and Mobile Association of India, has appointed Paytm founder Vijay Shekhar Sharma, chairman of its the newly formed payments banks group.
  10. Kalash (Kalasha), are a Dardic indigenous people residing in the Chitral District of Khyber-Pakhtunkhwa province of Pakistan.
  11. New Zealand’s Kane Williamson on 13 April 2016 was named the Wisden's Leading Cricketer in the World for the year 2015.


Finance/Banking/Economy –

India, South Korea signed MoU for cooperation and mutual assistance in development of Ports


  • Union Road, Transport and Highways and Shipping Minister Nitin Gadkari and South Korea Oceans and Fisheries Minister Kim Young Suk signed a Memorandum of Understanding (MoU) on 13 April 2016 in Mumbai.
  • This MoU is for cooperation and mutual assistance between India and Republic of Korea in port related matters and their developments.
  • The Union Cabinet approved the proposal of the Shipping Ministry for signing of this MoU on 6 April 2016.

Objectives of the MoU
  • It will help both countries to encourage and facilitate the development of ports, port related industry, and maritime relationship
  • It will encourage cooperation in the tasks of sharing of technology, experiences in the fields of port development and operation.
  • It will also help in exchange of information on construction, building, engineering and related aspects in the field of port development


MicroSave signs MoU with NPCI to boost digital payments


  • A memorandum of understanding (MoU) has been signed between MicroSave and NPCI (National Payments Corporation of India) to initiate collaboration to support the Jan Dhan Yojana, boost digital transactions and to accelerate creation of less-cash economy in India through RuPay, IMPS, AePS and UPI.
  • NPCI will be working with commercial banks and will be supported by MicroSave in this programme.
  • NPCI has transformed digital payments through world class products and services like NFS, NACH IMPS, APBS and made them accessible to the common man through RuPay and AePB platforms. With UPI, BBPS and other building blocks of the India Stack, payments are likely to be further transformed.
  • India is well on its way to create a proven blueprint for the world for micro payments, nano credit and a host of financial services for the masses


India was the world's largest remittance recipient in 2015: World Bank


  • India was the world's largest remittance recipient in 2015 despite experiencing a $1 billion drop from the previous year, the first decline in its remittances since 2009, the World Bank has said.
  • India retained its top spot in 2015, attracting about $69 billion in remittances, down from $70 billion in 2014, the World Bank said in its annual report 'Migration and Development Brief'.
  • Other large remittance recipients in 2015 were China, with $64 billion, the Philippines ($28 billion), Mexico ($25 billion) and Nigeria ($21 billion).
  • “Remittances to India, the (South Asian) region's largest economy and the world's largest remittance recipient, decreased by 2.1% in 2015 to $68.9 billion. This marks the first decline in remittances since 2009," the World Bank report said.
  • Officially recorded remittances to developing countries amounted to $431.6 billion in 2015, an increase of 0.4% over $430 billion in 2014. The growth pace in 2015 was the slowest since the global financial crisis, the report said.


ONGC took over Tapti gas field infrastructure to boost Daman gas Production


  • Oil and Natural Gas Corporation Limited (ONGC) on 14 April 2016 took over the infrastructure of abandoned Tapti gas field in western offshore from its joint venture partners Reliance Industries and BG.
  • This transfer of assets in India is first of its kind.

Salient Features of the Merger
  • It would save time for the company and an investment worth up to 4000 crore rupees to bring the neighbouring Daman block into production before the schedule.
  • ONGC planned to advance gas producing to the August-September period with the infrastructure in place.
  • It also planned to lay a pipeline from the Daman field to the Tapti process platform, which is connected by a 70-km pipeline to the company's facility at Hazira.
  • It committed an investment of over 8600 crore rupees for the Daman and C-26 cluster projects.
  • The two projects are expected to produce 11 million cubic meters of gas and 11000 barrels of condensate per day at their peak.


IMF warned of risk from Brexit amidst gloomy global growth forecast

  • The term Brexit, made with combination of two words ‘Britain’ and ‘Exit’, was in news in second week of April 2016. It came in news after International Monetary Fund (IMF) on 12 April 2016 warned of risks of Brexit or Britain’s exit from the European Union (EU) amidst cutting the global growth forecast.
  • IMF said if the voters of Britain opt to leave the EU that the referendum could do severe regional and global damage by disrupting established trading relations.
  • Brexit is a political aim of some advocacy groups including individuals and political parties like justice secretary, Michael Gove, and London's mayor Boris Johnson in the United Kingdom (UK), who believe that Britain leaving the EU will be in favour of them.


India –

PM Modi launched Gram Uday Se Bharat Uday Abhiyan on Dr. Ambedkar's birth anniversary


  • PM Narendra Modi on 14 April 2016 launched 'Gram Uday Se Bharat Uday Abhiyan' at Mhow, Madhya Pradesh. The Abhiyan (campaign) was launched on the 125th birth anniversary of Babasaheb Ambedkar at his birthplace to strengthen Panchayati Raj in villages and ensure social harmony in villages.
  • The campaign also seeks to promote rural development and foster farmers’ welfare and livelihoods to poor.
  • The 11-day campaign (from 14 April to 24 April 2016) will focus on generating nationwide efforts on promoting the aim of the programme. The campaign will be run jointly by the Ministries of Rural Development, Agriculture, Social Justice, Labour and Information and Broadcasting along with the States.

“Gramoday Se Bharat Uday Abhiyan” includes
  • It will be conducted across the country, beginning with the Birth Anniversary of Dr. BR Ambedkar on 14 April 2016, culminating in “National Panchayati Raj Day” on 24 April 2016.
  • The aim of this campaign is to make nationwide efforts to strengthen Panchayati Raj and through it, boost social harmony in the villages, promote rural development and foster farmers’ welfare & livelihoods of the poor.
  • Prime Minister will address all Gram Sabhas on 24 April 2016 and the address will be telecast and aired to all villages across the country, and villagers will gather together to hear it.
  • During the campaign, various Panchayat level and national level programmes will be held across the country.


The Panchayat level programmes are:
(1) Social Harmony Programme:   14 to 16 April 2016
I. On the occasion of the 125th Birth Anniversary of Dr. BR Ambedkar, in all Gram Panchayats, people will pay homage to Dr. Ambedkar and villagers will resolve to strengthen social harmony in the village.
II. Dr. Ambedkar's life and his views about National unity will be discussed, and literature regarding Dr. Ambedkar will be distributed.
III. On this day, information about the schemes run by the government to promote social equity will be given.  Exhibitions will also be organized.
(2)  Gram Kisan Sabha from 17 to 20 April 2016
Meeting of farmers will be organized in every Gram Panchayat.  Information regarding schemes in the agriculture sector will be given in the farmers’ meetings. Suggestions to improve agriculture will be invited from farmers.
(3)  Gram Sabha or Village Assembly from 21 to 24 April 2016
To celebrate the National Panchayati Raj Day, Gram Sabhas will be held in each Gram Panchayat on any day between these four days.
(4)  As preparatory activities, the following would be undertaken:
I.    Prabhat Pheri
II.    Clean Drinking Water and Sanitation Campaign
III.    Cultural Programmes

Nuclear-capable K-4 undersea ballistic missile successfully test fired from INS Arihant


  • Nuclear capable undersea ballistic missile, code named K-4, was successfully test fired on 31 March 2016 from an undisclosed location in the Bay of Bengal. The test was conducted nearly 45 nautical miles away from Vishakhapatnam coast in Andhra Pradesh.
  • The trial was carried out with the support of the personnel of Strategic Forces Command (SFC) while the Defence Research and Development Organisation (DRDO) provided all logistics.
  • The missile was fired from 20-meter deep and covered more than 700 km before zeroing on the target with high accuracy reaching close to zero Circular Error Probability (CEP).


Maharashtra CM Fadnavis launched Mission Drinking Water


  • Maharashtra Chief Minister Devendra Fadnavis on 13 April 2016 launched ‘Mission Drinking Water.
  • The mission was launched in the backdrop of recurring droughts and severe water crisis in Marathwada and Vidarbha region of the state.

Highlights of the mission
  • The government has adopted a two-pronged strategy to scale up drought mitigation through Mission Drinking Water.
  • The mission ensures changes in crop pattern to sustain wholistic development, which includes greater investments in agriculture and industries.
  • Every remote village in drought districts had been provided a roadmap and adequate budget.


Appointments –

Vijay Shekhar Sharma appointed chairman of IAMAI payments banks group


  • Industry body Internet and Mobile Association of India, has appointed Paytm founder Vijay Shekhar Sharma, chairman of its the newly formed payments banks group.
  • Vodafone India business head(M-Pesa)Suresh Sethi, will be the vice-chairman of the group.
  • IAMAI, which includes global companies such as Google, Facebook and LinkedIn as members, also counts six out of the ten payments banks' primary licensees as members.
  • The Reserve Bank of India had granted payment licences in August last year, to companies including Paytm, Reliance Industries, Bharti Airtel and Vodafone.
  • The business potential from serving millions of unbanked Indians to further the financial inclusion initiative of the government and the Reserve Bank had attracted most of the top business houses.


World –

Kalash, Pakistan's smallest minority, fears existential threat

  • Kalash (Kalasha), are a Dardic indigenous people residing in the Chitral District of Khyber-Pakhtunkhwa province of Pakistan.
  • The community considered unique because in Pakistan they are the smallest religious minority with a population of around 3000. They speak their own Kalasha language and celebrate their gods through music, dance and alcohol.
  • According to the Kalash Peoples Development Network (KPDN), the Kalash who ruled Chitral centuries ago maintained their separate cultural traditions and their language Kalasha belongs to the Dardic family of the Indo-Iranian branch.


Sports –

Kane Williamson named Wisden Almanack's Cricketer of the Year

  • New Zealand’s Kane Williamson on 13 April 2016 was named the Wisden's Leading Cricketer in the World for the year 2015.
  • On the other hand, White Ferns captain Suzie Bates was named the Leading Women's Cricketer in the World for 2015.
  • For the first time two New Zealand players - Williamson and Brendon McCullum - were named among the Wisden Almanack's Five Cricketers of the Year. England's Ben Stokes and Jonny Bairstow, and Australia's Steve Smith completed the list of Five Cricketers of the Year.
  • Williamson and Bates were chosen by Wisden editor Lawrence Booth for the award, which has been handed out in various formats since 1889.


Obituaries –

British playwright Arnold Wesker died

  • Renowned British playwright Arnold Wesker was died on 14 April 2016 with Parkinson's disease. He was 83.
  • He wrote more than 40 plays that were translated into 18 languages, first gained prominence with a trilogy about the lives of Jewish socialist intellectuals: Chicken Soup with Barley (1958), Roots (1959) and I’m Talking about Jerusalem (1960).
  • He was known as one of the angry young men of the British stage in the 1950s, the others writers who got that tag were Osborne and Brendan Behan.






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