Hello and welcome to exampundit . Here are the important Current Affairs for 27th July, 2016. These are important for the upcoming UBI PO PGDBF & RBI Grade B Phase I 2016 Exams.
Yes Bank gets Sebi nod for mutual fund, AMC business
- Private sector lender Yes Bank on Wednesday said it has received an in-principle approval from the capital markets regulator Securities and Exchange Board of India (Sebi) to sponsor a mutual fund and to set up an asset management company and a trustee company.
- Yes Bank got the Reserve Bank of India's (RBI) approval granted in October 2015.
- Yes Bank said it has already identified senior leadership and technology architecture to establish this business, and will commence operations within 12 months.
India grants $318-million aid for Sri Lankan railways
- The railway sector in Sri Lanka is to receive a fillip with the Cabinet approving on Wednesday a $318-million line of credit from the Indian government for the procurement of rolling stock and upgrading two important railway lines in the country.
- With this, the total amount of assistance from India for the development of the sector in Sri Lanka has gone up to $1,284 million.
- Carrying an interest rate of 1.75 per cent, the line of credit will have a repayment period of 20 years. The important condition attached to it is that 75 per cent of the goods and services should be sourced from India, according to an official document.
Union Government approves 1601 crore rupees for Himayat programme in J&K
- The Union Government on 26 July 2016 approved nearly 1600 crore rupees for Jammu and Kashmir under skill development initiative 'Himayat'. The allocated fund will be invested in training 1.24 lakh local youths in vocational courses.
- As per Jammu and Kashmir Rural Development Minister Abdul Haq Khan, under the reanimated Himayat programme, youths from both rural and urban areas of the state would be imparted training in various job-intensive vocational courses over the next three years.
- They will be given training for six-months, nine-months and one year job-oriented courses.
Lok Sabha passes Child Labour (Prohibition and Regulation) Amendment Bill, 2016
- Lok Sabha on 26 July 2016 passed the Child Labour (Prohibition and Regulation) Amendment Bill, 2016 to amend the Child Labour (Prohibition & Regulation) (CLPR) Act, 1986. The amendment bill allows children below the age of 14 years to work in select non-hazardous family enterprises.
- With this, both the houses of parliament passed the bill. Rajya Sabha passed the bill on 19 July 2016. Now, the bill will be sent to the President for his assent.
- As per data presented in form of answer about child labour in Rajya Sabha in 2014, the number of child labourers decreased by 65% - from 1.26 crore to 82.2 lakh (aged between 5 – 14 years) between Census 2001 to and Census 2011.
- The five biggest child labour employer states of India are - Bihar, Uttar Pradesh, Rajasthan, Madhya Pradesh and Maharashtra. Over half of India's total child labour population works here. India's biggest hub of child labour is Uttar Pradesh and it accounts for almost 20% of India's child labourers.
India's CSIR ranked World's 12th Best Government Institute
- The 2016 report of the prestigious Scimago Institutions Rankings in the fourth week of July 2016 ranked the Council of Scientific and Industrial Research (CSIR) as the 12th Best Government Institutions in the world.
- In 2016, the ranking of the premier institute jumped to 12th spot after being at 14th spot for three consecutive years. The overall global ranking of CSIR also improved from 110 to 99th position.
- CSIR is the only Indian organization to have found a place among the top 100 global institutions.
- The Scimago rankings is a classification of academic and research related institutions ranked by a composite indicator that combines three different sets of indicators based on research performance, innovation outputs and societal impact measured by their web visibility.
India's first Humboldt Penguins reach Mumbai’s Byculla Zoo
- Mumbai’s Byculla Zoo, known as Veermata Jijabai Bhosale Udyan, on 26 July 2016 brought in eight Humboldt penguins from Soul, South Korea.
- The step has, however, not gone down well with wildlife experts who termed it as wasteful and unnecessary.
- The eight Humboldt penguins, three males and five females, will be open for public view in the next three to four months.
- The birds have been kept in a specially designed 1700 sq ft air conditioning chamber. They will be given special attention and consideration to understand their biological needs and behavioural patterns.
Awards & Honors –
Bezwada Wilson, Thodur Madabusi Krishna win Ramon Magsaysay Award 2016
- Two Indians including social activist Bezwada Wilson and musician Thodur Madabusi (TM) Krishna on 26 July 2016 won the prestigious Ramon Magsaysay Award 2016.
- Bezwada Wilson was recognized for asserting the inalienable right to a life of human dignity. He is the National Convener of the Safai Karmachari Andolan (SKA). While, TM Krishna was recognized for ensuring social inclusiveness in culture. He is a Carnatic music vocalist.
They are among the total six awardees selected for the 2016 Ramon Magsaysay Award. The other four awardees are:
- Conchita Carpio Morales (Philippines): She has been recognized for restoring faith in the rule of law.
- Dompet Dhuafa (Indonesia): She has been recognized for expanding the transformative impact of zakat.
- Japan Overseas Cooperation Volunteers (Japan): The organisation has been recognized for building a world of genuine solidarity.
- Vientiane Rescue (Laos): The organisation has been recognized for volunteering to save lives at risk.
East Bengal to honour Milkha Singh with Bharat Gaurav Award
- Kolkata’s football club East Bengal on 26 July 2016 announced that the 2016 Bharat Gaurav Award, also known as Pride of India Award, will be conferred on legendary athlete Milkha Singh.
- Singh will be honoured with the prestigious award on the East Bengal Foundation Day (1 August 2016). Along with the award, a cheque of 2 lakh rupees will also be presented to him.
- Besides, special awards along with a cash prize of 1 lakh rupees each will be given to East Bengal players Shyam Thapa and Shyamal Ghosh.
- The trophy for the Best Footballer of the Year will be given to South Korean midfielder Do Dong Hyun, who will also receive 50000 rupees.
World Health Organisation declares Brazil free of measles
- The World Health Organization (WHO) on 26 July 2016 declared Brazil free of measles. The step was taken after no case of the disease was registered in 2015.
- From 1985 to 2000, Brazil saw no domestic cases of measles, although it broke out in 2013 in the northeastern states of Pernambuco and Ceara.
- The WHO it had worked alongside the Pan-American Health Organization (PAHO) to eradicated the disease, with a joint investment of 335000 US dollar going towards measles control.The health agency also hired 165 dedicated nursing staff in Brazil.
- The WHO will issue a certification for the eradication of measles to Brazil in the coming months.
Parveen Rana to replace Narsingh Yadav for Rio Olympics
- India on 26 July 2016 named Parveen Rana as a replacement for dope-tainted wrestler Narsingh Yadav for Rio Olympics in the 74kg freestyle category. The Rio Olympics is scheduled to happen from 5 August to 21 August 2016.
- Freestyle wrestler Rana had earlier won a gold medal in the 74kg category at the Dave Schultz Memorial Wrestling Tournament in USA in 2014.
- United World Wrestling on its website said that it had informed the Wrestling Federation of India that they would be allowed to replace Narsingh in the 74kg freestyle category or give up the qualification spot. The world wrestling body said the Indian Olympic Association expressed their desire to enter Parveen as their replacement.
Odisha announces Rs 60 lakh special incentive for Rio Olympic qualifiers
- Odisha government on 26 July 2016 announced 60 lakh rupees cash special incentive for six sportswomen of the state who have qualified for the Rio Olympics.
- The six sportspersons are sprinters Dutee Chand and Srabani Nanda and four hockey players Deep Grace Ekka, Namita Toppo, Lilima Minz and Sunita Lakra, would receive 10 lakh rupees each.
- Chief minister Naveen Patnaik has directed the Odisha Mining Corporation to pay the special incentive amount to the six sportswomen. He said that the incentive would be of immense help for them to prepare for the mega event.
Former diplomat Arundhati Ghose passes away
- Former Indian diplomat Arundhati Ghose passed away on 26 July 2016 in New Delhi.
- The eminent diplomat headed the Indian delegation at the Conference on Disarmament in Geneva.