Current Affairs Update – 21st July, 2016

Hello and welcome to exampundit . Here are the Important Current Affairs for 21st July, 2016. These are important for the upcoming SBI PO Mains and UBI PO PGDBF Exams 2016.



Current Affairs at a Glance – 21st July, 2016
  1. Federal Bank has signed an agreement with Reliance Jio Money for one-click payment service. Reliance Jio money is a wallet application that will be launched soon for mobile devices where Federal bank will enable a direct payment option for its customers.
  2. The Union Cabinet on 20 July 2016 approved a proposal to introduce amendments to the Benami Transactions (Prohibition) Amendment Bill, 2015 in Parliament.
  3. The Cabinet Committee on Economic Affairs (CCEA) on 20 July 2016 gave its approval for installation of Ghatampur Thermal Power Project (GTPS) of 1980 MW capacity through a Joint Venture Company. The project will be implemented at an estimated cost of 17237.8 crore rupees.
  4. The Union Cabinet chaired by the Prime Minister Narendra Modi on 20 July 2016 approved the incorporation of Sagarmala Development Company (SDC) under the Companies Act, 2013. It will be under the administrative control of the Ministry of Shipping.
  5. The Cabinet Committee on Economic Affairs (CCEA) on 20 July 2016 approved construction of a new dry dock within Cochin Shipyard Limited (CSL). The dock at CSL will be developed at an estimated cost of 1799 crore rupees.
  6. The Union Cabinet on 20 July 2016 gave its approval for establishment of new All India Institutes of Medical Sciences (AIIMS) at Gorakhpur in Uttar Pradesh.
  7. Central Government on Thursday promoted director general and mission director of Unique Identification Authority of India (UIDAI) Ajay Bhushan Pandey as its chief executive officer (CEO).
  8. Turkey’s President Recep Tayyip Erdogan on 20 July 2016 declared a three-month state of emergency in the country. The emergency was declared in response to the failed coup that happened on 15 July 2016.



Finance/Industry/Banking –

Federal Bank ties up with Reliance Jio Money


  • Federal Bank has signed an agreement with Reliance Jio Money for one-click payment service. Reliance Jio money is a wallet application that will be launched soon for mobile devices where Federal bank will enable a direct payment option for its customers.
  • Through this service the bank's customers can complete a transaction without funding the wallet.
  • Bank's customers will get a facility to directly pay from their account for the services offered through the wallet (without pre-loading their wallet).
  • This arrangement will help customers retain cash in their account and use it only when a transaction is made unlike other instances where a wallet will require the user to maintain balance exclusively in the wallet.


Union Cabinet approves amendment in the Benami Transactions Prohibition amendment Bill, 2015


  • The Union Cabinet on 20 July 2016 approved a proposal to introduce amendments to the Benami Transactions (Prohibition) Amendment Bill, 2015 in Parliament.
  • The amendments aim to strengthen the Bill in terms of legal and administrative procedure so as to overcome the practical difficulties which may arise in the implementation of the provisions of the Bill when it becomes an Act.
  • The legislation is intended to effectively prohibit benami transactions and consequently prevent circumvention of law through unfair practices.


CCEA approves Ghatampur Thermal Power Project in Uttar Pradesh


  • The Cabinet Committee on Economic Affairs (CCEA) on 20 July 2016 gave its approval for installation of Ghatampur Thermal Power Project (GTPS) of 1980 MW capacity through a Joint Venture Company.
  • The Joint Venture Company is named as Neyveli Uttar Pradesh Power Limited (NUPPL). The company is formed jointly by Neyveli Lignite Corporation Limited (NLC) and Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited (UPRVUNL).

Key highlights of the project
  • The project will be implemented at an estimated cost of 17237.8 crore rupees.
  • The estimated cost includes Interest During Construction component of 3202.42 crore rupees.
  • The commissioning of Unit I, II and III will be 52 months, 58 months and 64 months respectively from starting date.


Union Cabinet approves incorporation of Sagarmala Development Company


  • The Union Cabinet chaired by the Prime Minister Narendra Modi on 20 July 2016 approved the incorporation of Sagarmala Development Company (SDC) under the Companies Act, 2013. It will be under the administrative control of the Ministry of Shipping.
  • SDC will be developed with an initial Authorized Share Capital of 1000 Crore rupees and a Subscribed Share Capital of 90 Crore rupees. It will provide equity support to the project Special Purpose Vehicles (SPVs) and funding support to the residual projects under the Sagarmala Programme.
  • Implementation of the identified projects will be done mainly through private or PPP mode.
  • It will provide equity support for the project Special Purpose Vehicles (SPVs) set up by the Ports/State/Central Ministries window.
  • It will implement only those residual which cannot be funded by any other means / mode.


CCEA approves construction of new Dry Dock within Cochin Shipyard Limited


  • The Cabinet Committee on Economic Affairs (CCEA) on 20 July 2016 approved construction of a new dry dock within Cochin Shipyard Limited (CSL).
  • The dock at CSL will be developed at an estimated cost of 1799 crore rupees.
  • Objective: The project will augment the shipbuilding/ship repair capacity essentially required for tapping the market potential of building specialized and technologically advanced large vessels.
  • Large vessels include Liquefied Natural Gas (LNG) vessels, Indigenous Aircraft Carriers of higher capacity, Jack up Rigs, Drill ships, large Dredgers and repairing of offshore platforms and larger vessels.


India –

Union Cabinet approves establishment of All India Institutes of Medical Sciences at Gorakhpur


  • The Union Cabinet on 20 July 2016 gave its approval for establishment of new All India Institutes of Medical Sciences (AIIMS) at Gorakhpur in Uttar Pradesh.
  • The institute will be established under the Pradhan Mantri Swasthya Suraksha Yojana (PMSSY).

Key highlights of the project
  • The cost of the project for establishment of the new AIIMS in Gorakhpur will be 1011 crore rupees.
  • The cost estimate does not include recurring costs (wages, salaries and operation, maintenance and expenses).

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Union Cabinet approves Transgender Persons (Protection of Rights) Bill, 2016

  • The Union Cabinet on 20 July 2016 approved The Transgender Persons (Protection of Rights) Bill, 2016 to protect transgenders from discrimination.
  • Through this Bill, the Government aims to evolve a mechanism for social, economic and educational empowerment of the transgenders.

Highlights of the Bill
  • The Bill will benefit a large number of transgender persons, mitigate the stigma, discrimination and abuse against this marginalized section and bring them into the mainstream of society.
  • It will lead to greater inclusiveness and will make the transgender persons productive members of the society.
  • It will make all the stakeholders responsive and accountable for upholding the principles underlying the Bill.


Appointments –

Govt appoints Ajay Bhushan Pandey UIDAI CEO


  • Central Government on Thursday promoted director general and mission director of Unique Identification Authority of India (UIDAI) Ajay Bhushan Pandey as its chief executive officer (CEO).
  • A doctorate in computer science from University of Minnesota Minneapolis of the US, Pandey is a Maharashtra cadre IAS officer of 1984 batch.
  • He has been involved with the UIDAI established under the Aadhaar Act and implementation of Aadhaar since September 2010.
  • It was during his tenure as the UIDAI head when Aadhaar allocation crossed 100 crore and a new Aadhaar Bill was passed.


World –

Turkey declares three-month state of emergency after a failed military coup

  • Turkey’s President Recep Tayyip Erdogan on 20 July 2016 declared a three-month state of emergency in the country. The emergency was declared in response to the failed coup that happened on 15 July 2016.
  • The decision was made following a meeting with cabinet ministers and top security advisers in Ankara.
  • While declaring the imposition of the emergency Erdogan said that the measure was being taken to counter threats to Turkish democracy.


Obituaries –

Oldest and last Babri litigant Hashim Ansari passes away

  • Mohammad Hashim Ansari, the oldest litigation in the Ramjanmabhoomi-Babri title suit, died on 20 July 2016 due to heart-related complications in the temple city of Ayodhya. He was 95.
  • Ansari, born in Ayodhya, was one of the seven main litigants from Muslim side in the 1949 Babri Masjid case regarding placing of Lord Rama idols in the premises. He was the lone surviving litigant of the case.
  • The other six main litigants were Mohammad Farooq, Ashhad Rashidi, Maulana Mahfuzurur Rahman, Mufti Hasbullah, Mahmud and Sunni Central Waqf Board.







Regards



Team ExamPundit

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