Thursday, April 21, 2016

Current Affairs Update – 21st April, 2016

Hello and welcome to ExamPundit. Here are the important Current Affairs of 21st April, 2016. These are Important for the upcoming SBI Clerk 2016 and NABARD Assistant Manager 2016.



Current Affairs at a Glance – 21st April, 2016
  1. The RBL Bank on 19 April 2016 became the first private sector bank in India to open dedicated branch for start-ups. The dedicated branch was inaugurated at Koramangala, Bengaluru by Nandan Nilekani, noted entrepreneur and former chairman of Unique Identification Authority of India (UIDAI).
  2. RBI Governor Raghuram Rajan, tennis star Sania Mirza, actress Priyanka Chopra, Google CEO Sundar Pichai and founders of Flipkart Binny Bansal and Sachin Bansal have been named by Time magazine in its list of the '100 Most Influential People in the World'.
  3. India with a score of 43.17 was ranked 133 out of 180 countries in the 2016 World Press Freedom Index that was released on 20 April 2016. The Index was published by Reporters Without Borders (RSF).
  4. India's largest IT services firm TCS has been recognised as one of the UK's leading employers for women in a list published by The Times.
  5. Justice PK Mishra, former Chief Justice of Patna High Court, was on 20 April 2016 appointed as the Lokayukta of Goa. The decision in this regard was taken by the state government.
  6. Jaspal Bindra, former Asia Pacific chief executive at Standard Chartered Bank, will lead Indian financial services group Centrum Capital as Executive Chairman.
  7. The 2016 Pulitzer Prizes winners were announced on 18 April 2016. The Marshall Project and ProPublica won the Explanatory Reporting Prize for their 12000-word article, An Unbelievable Story of Rape, about a failed police investigation into a young woman’s allegations of rape.
  8. In order to raise the ever dwindling number of spectators in the stadium, the BCCI is all set to host its first-ever Day/Night cricket Test with pink ball when New Zealand tour India later this year.
  9. Union Government on 20 April 2016 notified that the Department of Disinvestment is renamed as Department of Investment and Public Asset Management or DIPAM.


Finance/Economy/Banking –

RBL Bank became first private sector bank to open dedicated branch for Start-ups in India


  • The RBL Bank on 19 April 2016 became the first private sector bank in India to open dedicated branch for start-ups. The dedicated branch was inaugurated at Koramangala, Bengaluru by Nandan Nilekani, noted entrepreneur and former chairman of Unique Identification Authority of India (UIDAI).
  • The move came following the launch of first branch dedicated of the State Bank of India in January 2016 to serve the needs of start-ups in Bengaluru.
  • The first exclusive bank branch for start-ups will offer a bouquet of banking products to service the end-to-end needs of the emerging entrepreneurial eco-system.
  • The branch will assist entrepreneurs in setting up new enterprises or companies.


Union Government renamed Department of Disinvestment as DIPAM

  • Union Government on 20 April 2016 notified that the Department of Disinvestment is renamed as Department of Investment and Public Asset Management or DIPAM.
  • The decision is aimed at proper management of Union government’s investments in equity including its disinvestment in central public sector undertakings (PSUs).
  • The new department has been mandated to advise the government in the matters of financial restructuring of central public sector enterprises and for attracting investment through capital markets.
  • A comprehensive approach will be adopted for efficient management of government investment in Central Public Sector Enterprises (CPSEs) by addressing issues such as capital restructuring, dividend, bonus shares, etc.


UN, IMF, World Bank and OECD formed Platform for Collaboration on Tax

  • Four international organization joined hands to form the Platform for collaboration in Tax Matters on 19 April 2016. The Platform has been created as their step to boost global cooperation in tax matters.
  • The announcement regarding this was made just within two weeks after the release of the "Panama Papers" that stirred outrage at the widespread use of tax haven countries and shell companies by wealthy global elites and corporations to hide assets and avoid paying taxes.

The institute/organisations that joined their hands to intensify their cooperation on tax issues include
  1. The International Monetary Fund (IMF)
  2. The Organisation for Economic Co-operation and Development (OECD)
  3. The United Nations (UN)
  4. The World Bank Group (WBG)


Lists/Indexes –

Raghuram Rajan, Sania Mirza, Priyanka Chopra among Time's 100 most influential people


  • RBI Governor Raghuram Rajan, tennis star Sania Mirza, actress Priyanka Chopra, Google CEO Sundar Pichai and founders of Flipkart Binny Bansal and Sachin Bansal have been named by Time magazine in its list of the '100 Most Influential People in the World'.
  • Time's annual list, released today, includes pioneers like American composer Lin Manuel-Miranda, leaders like IMF head Christine Lagarde and icons like Oscar-winning actor Leonardo DiCaprio who are "exploring the frontiers of art, science, society, technology and more."
  • Terming Rajan as "India's prescient banker," Time said he is among a rare breed of "economic seers" who he "steered" India through the global crisis and fallout, "playing a large role in making it one of the emerging-market stars of the moment.
  • While serving as the youngest chief economist of the IMF from 2003 to 2006, Time said Rajan predicted the subprime crisis that would lead to the Great Recession, standing up to critics like former US Treasury Secretary Larry Summers, who labeled him a "Luddite".


India ranked 133rd in 2016 World Press Freedom Index


  • India with a score of 43.17 was ranked 133 out of 180 countries in the 2016 World Press Freedom Index that was released on 20 April 2016. The Index was published by Reporters Without Borders (RSF).
  • In 2015 Index, India with a score of 40.49 was ranked 136 out of 180 countries.
  • The index has been topped by Finland followed by the Netherlands, Norway, Denmark and New Zealand at second, third, fourth and fifth position respectively.
  • At the bottom of the index lies Eritrea at 180th rank. It is preceded by North Korea, Turkmenistan, Syria and China at 179th, 178th, 177th and 176th position respectively.

Main highlights
  • India continues to languish in the bottom third of the World Press Freedom Index, because of the number of journalists killed and the impunity for crimes of violence against the media.
  • The situation is worsening in India, although its media are dynamic and much more capable of playing the role of democracy’s watchdog than the media in most other countries in last third of the Index.


TCS features in UK's Times Top 50 employers for women list

  • India's largest IT services firm TCS has been recognised as one of the UK's leading employers for women in a list published by The Times.
  • Tata Consultancy Services (TCS) had a formal Diversity & Inclusion corporate function since 2010 designed to provide strategic guidance and support for diversity programmes across the globe. TCS employs over 100,000 women globally, a third of its total workforce.
  • The Times Top 50 Employers for Women recognises organisations that are spearheading gender equality in the workplace and making a conscious effort to even out the playing field for men and women.
  • TCS' rank in The Times Top 50 is recognition of its continued drive to make gender equality a central part of its business strategy, a company release said.


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Appointments –

Justice PK Mishra appointed as Lokayukta of Goa


  • Justice PK Mishra, former Chief Justice of Patna High Court, was on 20 April 2016 appointed as the Lokayukta of Goa. The decision in this regard was taken by the state government.
  • The announcement was made by the Goa Chief Minister Laxmikant Parsekar after state government obtained the consensus of the Chief Justice of Bombay High Court and the Leader of Opposition in the Goa Assembly as stipulated in the Lokayukta Act, 2013.
  • Now the state Cabinet will be recommend name of Justice Mishra to Mridula Sinha, Governor of Goa for appointment.
  • Mishra had recently retired as the Chairman of Goa State Human Rights commission. He retired as Chief Justice of Patna High Court before taking up his assignment in Goa.


Jaspal Bindra joins Centrum Capital group as Executive chairman


  • Jaspal Bindra, former Asia Pacific chief executive at Standard Chartered Bank, will lead Indian financial services group Centrum Capital as Executive Chairman.
  • The span of activities Centrum group is active in includes Investment Banking – Equity & Debt, Wealth Management, Institutional Broking and Foreign Exchange.
  • Chandir Gidwani Founder Promoter, Centrum, in a statement said group is operating in a highly dynamic and competitive business environment. Bindra’s strategy and execution track record is exactly what Centrum needs, for growth in the future.
  • Centrum is in midst of scaling up lending business through non-banking finance and housing finance companies.


Awards & Honors –

Pulitzer Prize 2016 winners announced

  • The 2016 Pulitzer Prizes winners were announced on 18 April 2016.
  • The Marshall Project and ProPublica won the Explanatory Reporting Prize for their 12000-word article, An Unbelievable Story of Rape, about a failed police investigation into a young woman’s allegations of rape.

Public Service
  • Associated Press for an investigation of severe labour abuses tied to the supply of seafood to American supermarkets and restaurants

International Reporting
  • Alissa J. Rubin of The New York Times

Investigative Reporting
  • Leonora LaPeter Anton and Anthony Cormier of the Tampa Bay Times and Michael Braga of the Sarasota Herald-Tribune

Breaking News Reporting
  • Los Angeles Times Staff for exceptional reporting, including both local and global perspectives, on the shooting in San Bernardino and the terror investigation that followed


Sports –

India to play its first Day/Night Test match against NZ


  • In order to raise the ever dwindling number of spectators in the stadium, the BCCI is all set to host its first-ever Day/Night cricket Test with pink ball when New Zealand tour India later this year.
  • Thakur said that the main objective of the Duleep Trophy will be to check how the pink kookaburra behaves under the light in sub-continental conditions.
  • It is expected that all leading Indian players will play in that Duleep game in order to get an idea and also give a feedback to the board before they go ahead with the Test match.
  • While Test matches in India are played with ‘SG Test’ balls, Thakur said that in this upcoming match it will be ‘Pink kookaburra’ that will be used.


Union Government merged Rajiv Gandhi Khel Abhiyaan with Khelo India

  • The Union Government in the third week of April 2016 has merged Rajiv Gandhi Khel Abhiyan (RGKA), launched by the UPA government, with the Khelo India programme for development of sports.
  • Two other sport projects, Urban Sports Infrastructure Scheme (USIS) and National Sports Talent Search Scheme (NSTSS), launched by the Congress-led UPA regime have also been absorbed under Khelo India.
  • Khelo India is based on Gujarat's model of Khel Mahakumbh, in which schools and colleges from different parts of the country participate in about 27 disciplines. Similarly, the Sports Authority of Gujarat (SAG) organises summer camps under this project every year.


Hong Kong’s Irfan Ahmed suspended for two and a half years for breaching ICC Anti-Corruption Code

  • International Cricket Council (ICC) on 20 April 2016 announced that it has suspended Hong Kong all-rounder Irfan Ahmed from Cricket for two-and-a-half years. He was suspended after he admitted to breaching the ICC Anti-Corruption Code (the ‘Code’).
  • Ahmed was charged with offences under the Code and provisionally suspended by the ICC on 4 November 2015.
  • This followed an investigation carried out by the ICC's Anti-Corruption Unit (ACU), relating in part to the activities of another individual known to the ACU and suspected of making corrupt approaches to participants.









Regards



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