Current Affairs Update – 9th – 11th April, 2016

Hello and welcome to ExamPundit. Here are the important Current Affairs from 9 April to 11 April, 2016. These are important for the upcoming SBI Clerk and NABARD Assistant Manager exam 2016.



Current Affairs at a Glance – 8th April, 2016
  1. NPCI on Monday launched next generation online payments solution - Unified Payments Interface (UPI) which will leverage trends such as increasing smartphone adoption and deeper penetration of mobile data.
  2. Country's largest service provider Bharti Airtel today said its mobile commerce subsidiary, Airtel M Commerce Services, had received payments bank licence from the Reserve Bank of India.
  3. XBRL filing was in news on 11 April 2016 as the Union Corporate Affair Ministry exempted the housing finance companies from it. For this, the ministry amended the Companies (Filing of Documents and Forms in Extensible Business Reporting Language) Rules.
  4. Mother Teresa was posthumously conferred with the UK's prestigious Founders Award 2016.
  5. Delhi-based Priyadarshini Chatterjee on 9 April 2016 was announced the winner of the FBB Femina Miss India World 2016 at the 53rd edition of the Femina Miss India beauty pageant held in Mumbai. She was crowned the title by Aditi Arya, Femina Miss India 2015.
  6. Investigative journalist Khadija Ismayilova of Azerbaijan on 8 April 2016 was chosen for the UNESCO or Guillermo Cano World Press Freedom Prize 2016.
  7. The Union Government on 8 April 2016 approved country’s first Metrino Pod project for Gurgaon, for which the state government would not have to pay anything. The work on this project would start by 1 June 2016.
  8. Lee Chong Wei on 10 April 2016 won the men's singles title at the Malaysia Open 2016 held at the Malawati Stadium in Shah Alam, Malaysia
  9. Danny Willett on 10 April 2016 won the US Masters, the first Briton to do so since Nick Faldo in 1996. Willett grabbed the title after defeating defending champion Jordan Spieth.
  10. Anthony Joshua on 9 April 2016 won the International Boxing Federation heavyweight title. He knocked out Charles Martin in the second round at the O2 Arena in London.
  11. Federation Internationale de Football Association (FIFA) on 7 April 2016 released the April 2016 edition of the FIFA or Coca-Cola World Ranking. Argentina Men’s Soccer team stood at world number one, pushing back the Belgium team to second position. 
  12. The World Bank Group (WBG) on 7 April 2016 adopted the Climate Change Action Plan. The plan was designed to help countries meet their Paris COP21 pledges and manage increasing climate impacts.
  13. Saudi Arabia and Egypt on 8 April 2016 agreed to build a bridge over the Red Sea. The announced bridge will connect the two countries.
  14. NASA astronaut Scott Kelly will write a memoir titled Endurance: My Year in Space and Our Journey to Mars, as announced on 6 April 2016. The book will be published by Alfred A. Knopf.





Finance/Banking –

NPCI launches next generation online payments solution


  • NPCI on Monday launched next generation online payments solution - Unified Payments Interface (UPI) which will leverage trends such as increasing smartphone adoption and deeper penetration of mobile data.
  • UPI is a channel that powers multiple bank accounts into a single mobile application (of any bank) of a participating bank, merging several banking features, seamless fund routing and merchant payments into one hood.
  • It will empower users to perform instant push and pull transactions and transform the way people make payments today.
  • UPI was today launched by Reserve Bank Governor Raghuram Rajan along with Nandan Nilekani, advisor to NPCI.
  • Hota said a few banks have gone live with UPI out of 29 and other banks will join this year.
  • UPI facilitates 'virtual address' as a payment identifier for sending and collecting money and works on single click 2 factor authentication.


Airtel's M-commerce subsidiary gets payments bank licence


  • Country's largest service provider Bharti Airtel today said its mobile commerce subsidiary, Airtel M Commerce Services, had received payments bank licence from the Reserve Bank of India.
  • In August last year, RBI had given in-principle to the company, which operates under brand name of Airtel Money, along with 10 others, including Reliance Industries, Aditya Birla Nuvo, Vodafone m-pesa, Department of Posts, for payments bank.
  • In February this year, Kotak Mahindra Bank signed an agreement to pick 19.9 per cent stake for Rs 98.38 crore in Airtel M Commerce Services.
  • The companies, which received in-principle approval from RBI in August, will have to make their banks operational by March 2017.
  • Through Airtel Money, the company offers ticketing, mobile and DTH recharges, utility bill payments, online shopping, money transfer services. It also has business correspondent tie-up with Axis Bank and provides business to business payment collection services at present.


Union Government exempted housing finance companies from XBRL filings


  • XBRL filing was in news on 11 April 2016 as the Union Corporate Affair Ministry exempted the housing finance companies from it. For this, the ministry amended the Companies (Filing of Documents and Forms in Extensible Business Reporting Language) Rules.
  • The sectors which were already exempted from this kind of filings include Banking, insurance, power sector and non-banking finance companies.
  • XBRL or Extensible Business Reporting Language, provides a common, electronic format for business reporting.
  • It is a data-rich dialect of XML (Extensible Markup Language), the universally preferred language for transmitting information via the Internet.


North East-ASEAN Business Summit concluded in Imphal


  • The first-ever three-day North East-ASEAN (Association of Southeast Asian Nations) Business Summit concluded at the City Convention Centre in Imphal, Manipur. It was held from 7 April to 9 April 2016.
  • It was organised with an aim to attract investment from both domestic and foreign firms to the North-East states of India. It also tried to increase productivity and generate employment in the region.
  • Bangladesh Commerce Minister Tofail Ahmed was the chief guest at the inaugural session of the Summit while Manipur Speaker Thokchom Lokeshwar Singh presided over the function.


Awards & Honors –

Mother Teresa conferred with Founders Award posthumously in UK


  • Mother Teresa was posthumously conferred with the UK's prestigious Founders Award 2016.The award is given to recognise and reward exemplary achievements of people within the global Asian community.
  • Teresa’s only living relative, her 72-year old niece, Agi Bojazhiu received the award on 8 April 2016.
  • Business Leader of the Year award: Prakash Lohia, Chairman and co-founder of Indorama Corporation.
  • Outstanding achievement in Television’ award: Kunal Nayyar, actor from the hit American comedy series The Big Bang Theory.
  • Outstanding Achievement in Cinema award: Asif Kapadia, he is Oscar and BAFT-winning documentary-maker


Priyadarshini Chatterjee crowned FBB Miss India World 2016


  • Delhi-based Priyadarshini Chatterjee on 9 April 2016 was announced the winner of the FBB Femina Miss India World 2016 at the 53rd edition of the Femina Miss India beauty pageant held in Mumbai. She was crowned the title by Aditi Arya, Femina Miss India 2015.
  • Bangalore girl Sushruthi Krishna emerged as the Femina Miss India Supranational 2016 and Lucknow girl Pankhuri Gidwani was crowned the Femina Miss India Grand International 2016.
  • Chatterjee will now represent India at the Miss World 2016 pageant, Krishna will participate at Miss International 2016, while Gidwani will take part at the Miss Grand International beauty pageants.


Khadija Ismayilova to receive UNESCO/Guillermo Cano World Press Freedom Prize 2016


  • Investigative journalist Khadija Ismayilova of Azerbaijan on 8 April 2016 was chosen for the UNESCO or Guillermo Cano World Press Freedom Prize 2016.
  • The Prize will be awarded during the celebration of World Press Freedom Day 3 May 2016 hosted by Finland.
  • An independent international jury of media professionals recommended Ismayilova in recognition of her outstanding contribution to press freedom in difficult circumstances.


India –

Union Government approved country’s first Metrino Pod Taxi project for Gurgaon


  • The Union Government on 8 April 2016 approved country’s first Metrino Pod project for Gurgaon, for which the state government would not have to pay anything. The work on this project would start by 1 June 2016.
  • Haryana Public Works (Building and Roads) Minister, Rao Narbir Singh said that the National Highway Authority of India has also submitted the feasibility report for this Metrino Pod taxi project. The fare of Metrino Pod taxi would be similar to that of the Metro.
  • The pilot project will span a 13km stretch from the Gurgaon-Delhi border to Badshapur Mod on Sohna Road and is estimated to cost 850 crore rupees.


Sajibu Cheiraoba celebrated with religious fervor in Manipur

  • Sajibu Cheiraoba, a traditional festival that marks New Year of the Meiteis (majority ethnic group) of Manipur, was celebrated on 8 April 2016. It was celebrated with cultural gusto and religious fervor in Manipur.
  • Sajibu Cheiraoba is celebrated annually on the first day of Sajibu month (first lunar day of the lunar month Sajibu (March/April)). On this day, people arrange a joint family feast in which traditional cuisines are offered to local deities at the entrance gates of the houses.
  • After meals, people start climb the Cheiraoching located in Chingmeirong or tops of nearby hills in the afternoon to offer prayers. As per belief they think that it would elevate them to greater heights in their worldly life.


Sports –

Lee Chong Wei defeated Chen Long to win Malaysian Open 2016

  • Lee Chong Wei on 10 April 2016 won the men's singles title at the Malaysia Open 2016 held at the Malawati Stadium in Shah Alam, Malaysia.
  • The world No. 4 grabbed the title by defeating China’s world No. 1 Chen Long a 21-13, 21-8 in just 42 minutes.
  • The title is Chong Wei's 11th Malaysia Open crown after having won in 2004, 2005, 2006 and consecutively from 2008-2014.


Danny Willett won 2016 US Masters golf championship

  • Danny Willett on 10 April 2016 won the US Masters, the first Briton to do so since Nick Faldo in 1996. Willett grabbed the title after defeating defending champion Jordan Spieth.
  • Willett won his first major championship with a score of 283 (–5), three strokes ahead of runners-up Lee Westwood and Jordan Spieth. Spieth led the tournament from the first round until the 12th hole of the final round, where he made a quadruple-bogey


Anthony Joshua won International Boxing Federation title


  • Anthony Joshua on 9 April 2016 won the International Boxing Federation heavyweight title. He knocked out Charles Martin in the second round at the O2 Arena in London.
  • Joshua, the 2012 Olympic gold medallist, captured his first world title in only his 16th professional fight.


Japan's shuttler Kento Momota axed from Rio Olympics over illegal gambling

  • World number two shuttler Kento Momota of Japan was axed from Japan’s badminton team for the 2016 Rio Olympics. He was axed for gambling at an illegal casino.
  • The Nippon Badminton Association banned 21-year-old Momota from competition indefinitely, after an emergency meeting to decide the player's fate.
  • Momota became the first Japanese man to win a world championship medal with a bronze in Jakarta in August 2015 and had been tipped to challenge for the title in Rio Olympics. Momota's absence in Rio will be a major blow to Japan's medal hopes.


FIFA released Coca-Cola World Rankings 2016

  • Federation Internationale de Football Association (FIFA) on 7 April 2016 released the April 2016 edition of the FIFA or Coca-Cola World Ranking.
  • A total of 171 games were taken into account for the Ranking which includes 51 qualifiers for Russia 2018 and 60 continental qualifiers and 60 international friendlies.
  • Argentina Men’s Soccer team stood at world number one, pushing back the Belgium team to second position.  This is the first time since November that Belgium have lost top spot after taking it from the South American side in November 2015.
  • Meanwhile, India lost their last two World Cup qualifiers against Iran and Turkmenistan and dropped down to 162.



World –

World Bank Group adopted Climate Change Action Plan

  • The World Bank Group (WBG) on 7 April 2016 adopted the Climate Change Action Plan. The plan was designed to help countries meet their Paris COP21 pledges and manage increasing climate impacts.
  • It sets targets for 2020 in high-impact areas, including clean energy, green transport, climate-smart agriculture, and urban resilience.
  • The climate-related share of WBG’s portfolio will be increased from 21 to 28 percent by 2020 in response to client demand, with total financing of potentially 29 billion US dollars per year by 2020.
  • The bank will support countries in translating their Nationally Determined Contributions (NDCs) into climate policies and investment plans into actions and in mainstreaming climate considerations into policies and budgets.


Saudi Arabia, Egypt to build bridge across Red Sea


  • Saudi Arabia and Egypt on 8 April 2016 agreed to build a bridge over the Red Sea. The announced bridge will connect the two countries.
  • The planned bridge would help in boosting commerce between the two allied countries. It will also connect the two continents, Africa and Asia, and result in increasing trade between the two continents to unprecedented levels.
  • The announcement was made by Saudi Arabia's King Salman bin Abdulaziz after meeting Egyptian President Abdul-Fattah al-Sisi at the President’s Ittahidiya Palace. King Salman, 80-year-old monarch, is on a five-day long visit to Egypt.


Books & Authors –

Scott Kelly to write memoir titled Endurance: My Year in Space and Our Journey to Mars

  • NASA astronaut Scott Kelly will write a memoir titled Endurance: My Year in Space and Our Journey to Mars, as announced on 6 April 2016. The book will be published by Alfred A. Knopf.
  • Scott returned to Earth in March 2016 after spending almost a year aboard the International Space Station (ISS).
  • The memoir will offer a glimpse of Scott’s journey to space and his life aboard the ISS. He will also recount the obstacles he encountered along the way, his early struggles in school, his training as a Navy test pilot, and the work required to become an astronaut and live in space for one year.


Obituaries –

C Silvera, former Member of Parliament, died

  • Former Union Minister and Congress leader C Silvera died on 9 April 2016 in Tuikhuahtlang, Aizawl district of Mizoram. He died of heart failure. He was 81.
  • He was the longest serving member of Parliament from the Mizoram (Lok Sabha constituency).
  • He was the first and so far the only Mizo to be in the union council of ministers.







Regards



Team ExamPundit


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