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SBI SPECIAL BOOSTER (WITH SPECIAL REFERENCE TO BANKING AND FINANCIAL AWARNESS)
THE BREXIT STORY
European union consist of 28 countries Headquartered : BRUSSELS EU Chairman: Martin Schulz European commission chairman: Jean Claude Juncker United Kingdom consists of four countries: England, N. Ireland, Scotland & Wales
Britain want to exit European union in this case everything will be decided according to ARTICLE 50 LISBON TREATY:
Once exit, Britain will not be allowed to become the part of EU again. Other countries of EU will give their advice on this condition and every member
have the veto power to vote. Even military and defense of EU & Britain can be separated in future.
EFFECT ON EU: Dangers in citizenship of 33 lac EU citizens are living in Britain. EU will lost one of the richest member. Big amount of budget will be lost. France, Germany etc. will also demand separations. Goodwill of EU in trade without Britain will fall.
IMMEDIATE IMPACT ON BRITAIN: Its position as 5th largest economy will lost. 12-15% value of pound will fall. Decrease in value of pound will leads to inflation in Britain. For spending holiday in EU Britain people will have to pay more after separation.
LONG-TERM IMPACT ON BRITAIN
Britain will lose its A+++ rating thus it will become difficult to get loan. It will leads to Recession in Britain. It will leads to bad effect on Britain, thus it may leads to use emergency fund.
IMMIDIATE BAD IMPACT ON INDIA Britain is on the 3rd position in case of FDI in India but after its exit from EU it will
1st focus on local market of its country & it will be a loss for India. 800 of India are working in Britain will face loss. Tata Group can bear loss of Rs. 998 crore in next 10 years. 8000 Indian's are employed in Britain their jobs will be in danger.
LONG -TERM BAD IMPACT ON INDIA Job of 19.9% Indian's working part-time in Britain will be in danger. Export of India in Britain will decrease will be a loss for India. Britain will now frame restricted rules related to VISA then it will be difficult to
visit Britain. GOOD EFFECTS ON INDIA
Weaker pound will reduce burden on those children studying in U.K. Travel to UK will get cheaper.
SCHEME FOR SUSTAINABLE STRUCTURING OF STRESSED ASSET {S4A}
In order to further strengthen the lenders’ ability to deal with stressed assets and to put real assets back on track by providing an avenue for reworking the financial structure of entities facing genuine difficulties, the Reserve Bank of India has issued guidelines on a ‘Scheme for Sustainable Structuring of Stressed Assets’.
The main aim of these guidelines is to: Strengthen the lenders’ ability to deal with stressed assets Put real assets back on track of entities facing genuine difficulties by providing
an avenue for reworking financial structure. Key Facts:
The Reserve Bank of India incorporated the S4A scheme as an optional guidelines for the resolution of large stressed accounts.
This scheme provides sustainable debt level of a stressed borrower and scatter the outstanding debt into sustainable debt and equity instruments.
These will provide an upside to the lenders, when the borrower turns around.
The consortium frame will be prepared by the professional agencies in order to make sure that entire exercise is carried out in a sagacious and limpid manner.
SEPERATION OF BRITAIN FROM EU EXPECTS 5.6% DECLINE IN THE GLOBAL
ECONOMIC DEVELOPMENT.
UEFA EURO 2016
Host country: France Dates: 10 June -10 July 2016 Teams: 24 Champion: Portugal national football team Period: June 10, 2016 – July 10, 2016 Venues: 10 Matches played: 51
OTHER FACTS
Match Ball: Beau Jeu Mascot: Super Victor Slogan: Le Rendez-Vous. Official songs: “THIS ONE’S FOR YOU” by DAVID GUETTA Official closing song: "Free Your Mind" by Lavelle.
SCHEME FOR SUSTAINABLE STRUCTURING OF STRESSED ASSET {S4A}
The Reserve Bank of India incorporated the S4A scheme as an optional
guidelines for the resolution of large stressed accounts. This scheme provides sustainable debt level of a stressed borrower and
scatter the outstanding debt into sustainable debt and equity instruments. These will provide an upside to the lenders, when the borrower turns
around. The consortium frame will be prepared by the professional agencies in
order to make sure that entire exercise is carried out in a sagacious and limpid manner.
Besides in consultation with the RBI, a Supervisory Committee comprising of renowned experts will be set up by the Indian Banks Association (IBA).
This committee will solely evaluate the processes involved in preparation of the resolution plan under the S4A.
Missile Technology Control Regime (MTCR)
Objective:
The aim of the MTCR is to restrict the proliferation
(growth/expansion) of missiles, complete rocket systems, unmanned
air vehicles, and related technology as well as systems intended for
the delivery of weapons of mass destruction (WMD).
Partners also recognize the importance of controlling the transfer of
missile-related technology.
MTCR: A Boon for India
MTCR membership will enable India to buy high-end missile
technology.
India’s join the Hague Code of Conduct, dealing with the
ballistic missile non-proliferation arrangement.
India’s membership had been blocked in 2015 by Italy.
China is not a member of 34-nation MTCR.
MTCR Partners:
Argentina (1993), Australia (1990), Austria (1991), Belgium (1990),
Bulgaria (2004), Brazil (1995), Canada (1987), Czech Republic (1998),
Denmark (1990), Finland (1991), France (1987), Germany (1987),
Greece (1992), Hungary (1993), Iceland (1993), India (2016), Ireland
(1992), Italy (1987), Japan (1987), Luxembourg (1990),
Netherlands(1990), New Zealand (1991), Norway (1990), Poland
(1998), Portugal (1992), Republic of Korea (2001), Russian Federation
(1995), South Africa (1995), Spain (1990), Sweden (1991), Switzerland
(1992), Turkey (1997), Ukraine (1998), United Kingdom (1987),
United States of America (1987).
The current Chairman of the Regime is Ambassador Piet-de Klerk of
the Netherlands.
CABINET MINISTERS Prime Minister Shri Narendra Modi
Personnel, Public Grievances and Pensions Department of Atomic Energy Department of Space All important policy issues, and all other portfolios not allocated to any Minister
1. Shri Raj Nath Singh Home Affairs
2. Smt. Sushma Swaraj External Affairs
3. Shri Arun Jaitley Finance & Corporate Affairs
4. Shri M. Venkaiah Naidu Urban Development Housing and Urban Poverty Alleviation Information & Broadcasting
5. Shri Nitin Jairam Gadkari Road Transport and Highways Shipping
6. Shri Manohar Parrikar Defence
7. Shri Suresh Prabhu Railways
8. Shri D.V. Sadananda Gowda Statistics & Programme Implementation
9. Sushri Uma Bharati Water Resources, River Development and Ganga Rejuvenation
10. Dr. Najma A. Heptulla Minority Affairs
11. Shri Ramvilas Paswan Consumer Affairs, Food and Public Distribution
12. Shri Kalraj Mishra Micro, Small and Medium Enterprises
13. Smt. Maneka Sanjay Gandhi Women and Child Development
14. Shri Ananthkumar Chemicals and Fertilizers Parliamentary Affairs
15. Shri Ravi Shankar Prasad Law & Justice Electronics & Information Technology
16. Shri Jagat Prakash Nadda Health & Family Welfare
17. Shri A Gajapathi Raju Pusapati Civil Aviation
18. Shri Anant Geete Heavy Industries and Public Enterprises
19. Smt. Harsimrat Kaur Badal Food Processing Industries
20. Shri Narendra Singh Tomar Rural Development, Panchayati Raj Drinking Water and Sanitation
21. Shri C Birender Singh Steel
22. Shri Jual Oram Tribal Affairs
23. Shri Radha Mohan Singh Agriculture & Farmers Welfare
24. Shri Thaawar Chand Gehlot Social Justice and Empowerment
25. Smt. Smriti Zubin Irani Textiles
26. Dr. Harsh Vardhan Science and Technology, Earth Sciences
27. Shri Prakash Javadekar Human Resource Development
FISCAL RESPONSIBILITY AND BUDGET MANAGEMENT
(FRMB) ACT
THE COMMITTEE WAS CONSTITUTED ON IT AS ON 18 MAY 2016.
IT BECOME AN ACT IN 2003.
OBJECTIVE:
In long-run macro stability.
Coordination between fiscal & monetary policy.
Transparency in fiscal operation of the government.
FRBM rules in July 2004 to specify the reduction of fiscal deficit to 3% of
government of India by 2008-09.
Union government constituted N.K Singh committee as on 18 may 2016.
It is a 5 member committee to review FRBM roadmap for future.
Members are:
Former finance revenue secretary & Rajya Sabha member N.K SINGH.
Former finance & revenue secretary SUMIT BOSE.
Chief economic advisor Dr. ARVIND SUBRAMANIAN.
Deputy Governor of RBI URJIT PATEL.
Director of National Institute Public Finance Policy (NIPFP) RATHIN ROY.
The committee was constituted as per announcement made by the Union Finance
Minister Mr. Arun Jaitley in 2016-17 budget speech.
The committee will summit its report to the union government by 31st October 2016.
ECONOMY RELATED NEWS.
SBI, IIT Bombay join hands to promote fintech startups.
IDFC Bank snaps up TN-based MFI Grama Vidiyal.
ADB to give $100 mn loan for water projects in Tamil Nadu.
RBI forms working group on financial tech regulatory framework.
Exim Bank inks pact for $45 mn loan to Kenya.
Finance Ministry expects GDP growth to improve to 8% in 2016-17.
According to Government sources it has achieved the fiscal deficit target of 3.9 per cent
of GDP in 2015-16.
Nomura has marked down, India's GDP growth forecast marginally to 7.7 per cent for
the 2016-17, from 7.8 per cent.
BSE, Asia's oldest Stock Exchange, has received the Reserve Bank approval to start an
online bidding platform for Sovereign Gold Bond scheme.
Government of India and Asian Development Bank have signed a $120 Million loan
agreement to Modernize Irrigation and Improve Water Management in Odisha.
Ola Money, the wallet payment of cab aggregator Ola, has partnered with online
marketplaces eBay, Yep Me and Askme Bazaar, to allow customers to pay through its
digital payment service.
Max Life, Max Financial Services have agreed to merge with HDFC Life. Max Life will
merge with HDFC Life insurance, the companies said in statements to exchanges.
Canadian smartphone maker BlackBerry announced its partnership with HCL Info
systems to expand the channel and distribution network for BlackBerry enterprise
software products and services in India
To improve ties with Myanmar, the Inland Waterways Authority of India (IWAI) has
entered into an agreement with India Ports Global Private (IPGPL)for a Rs 476-crore
project to facilitate connectivity and trade.
Technology giant Cisco announced its new ‘LaunchPad’ initiative under which it will
partner with developers and enterprises in India to co-develop smart solutions.
The World Bank has lowered its forecast for the global growth in 2016 to 2.4 per cent,
saying that the world economy is facing stronger headwinds which is 0.5 percentage
point lower than the bank’s forecast in January.
Realty portal Magic bricks has partnered with State Bank of India (SBI) to organize an
online home-buying festival. The three-week long online festival will kick start from June
10-30, 2016.
DCB Bank has launched a “card-less and PIN-less” ATM in Bengaluru. The ATM accepts
Aadhaar number and Aadhaar fingerprint (biometric) instead of ATM / debit card and
PIN to dispense cash from the bank account.
Cabinet has approved merger of 5 associate banks with SBI.
State Bank of India has created a dedicated Rs. 200 crore fund for startups. In order to
fund start-ups in the financial technology (fin tech) space, country's largest lender SBI
has set up an Rs 200 crore fund.
State-run bank SBI has been named in a 'Hall of Shame' list of 158 banking and financial
institutions globally that have invested billions of dollars in companies making cluster
bombs.
Nikesh Arora abruptly departed Soft Bank Group Corp., two years after he was wooed
from Google Inc. and had emerged as the heir apparent at the Japanese internet and
telecommunications giant.
The Reserve Bank of India (RBI) has set in motion the process of establishing an IT
(information technology) subsidiary.
The Reserve Bank of India (RBI) has kept key interest rate unchanged at a five-year low
of 6.50% in its bi-monthly policy review. The cash reserve ratio (CRR), or the share of
deposits banks must keep with the RBI, was unchanged at 4%.
India's real economy, as measured by the Gross Value Added (GVA), is likely to expand
by 7.6 per cent in 2016-17 due to improvement in farm and industry sectors, said an
RBI-sponsored survey of professional forecasters.
Reserve Bank has cancelled registration of three NBFCs including Escorts Finance and
Express Trading & Securities.
INTERNATIONAL
Indian economy likely to grow 7.9% this fiscal, but monsoon key: Crisil.
Five Indians on Forbes Asia’s Heroes of Philanthropy list.
Survey: Indian firms best, China worst on transparency.
Google has announced the acquisition of the French startup.
NADA signs MoU with WADA, ASADA to boost anti-doping programme.
World’s largest charkha unveiled at T3 airport.
Joint issue of postage stamp by DoP, Portugal Post.
In list of preparation for the digital economy, India slipped to 91th place.
India slips to 75th place on money in Swiss banks.
India, Kenya sign 7 pacts; to deepen cooperation in security.
UN plans to issue Yoga Day stamps next year.
India gives SUVs to Mozambique, completes delivery of USD 4.5.
China inducts its largest home grown military transport plane.
China, Russia launch joint anti-terror exercises.
An arrangement between the authorized governmental agencies of the Government of
India and United States of America (USA) for exchange of terrorist screening
information was signed in New Delhi.
In an effort to increase mutual cooperation, India and Tunisia signed two MoUs on
promotion of handicrafts, IT, communication and digital economy.
Prime Minister Narendra Modi and Afghanistan President Dr. Ashraf Ghani jointly
inaugurated the Afghan-India Friendship Dam (Salma Dam) in Herat province in Western
Afghanistan.
Prime Minister Narendra Modi's upcoming visit to the American capital will highlighted
the deepening of the US-India relationship. It It was PM Modi's fourth visit to America.
The Prime Minister, Narendra Modi visited Afghanistan, State of Qatar, Switzerland,
United States of America and Mexico from June 4, 2016 to June 8, 2016.
India and Qatar have signed an agreement to forge cooperation in skill development
and facilitate mobility of workers from India to the gulf nation.
Singapore’s prestigious Institute of Technical Education will help set up vocational skill
centres across India to train youths to fulfil the requirements of skilled manpower in
select industries.
Days after it got Switzerland's backing, India gained support from Mexico, as well, for its
bid to become a member of the Nuclear Suppliers Group (NSG).
Israel won an election to chair the United Nations' legal committee, the first time that it
will head one of the world body's six permanent committees since joining the U.N. in
1949.
Ghana seeks civil nuclear cooperation with India .Putting the agenda of deepening ties
with the African countries on a fast-track, India and Ghana signed three bilateral
agreements to strengthen co-operation in varied fields.
India and the UK clinched two new key agreements on solar energy and nano
technology as part of their wider science and technology cooperation.
India and Switzerland said a team would soon visit the Alpine nation to expedite
pending information requests on Indians with Swiss bank accounts, while an automatic
exchange of details would begin in 2018.
India and Thailand have inked two agreements in the field of culture and education.
Jamia Millia Islamia has signed a memorandum of understanding (MoU) with Tehran's
National Institute of Genetic Engineering and Biotechnology (NIGEB) for academic
cooperation.
Prime Minister Narendra Modi and Lankan President Maithripala Sirisena inaugurated
newly-renovated Duraiappah Stadium in Jaffna.
“Ganges-Danube Cultural Festival of India” in Hungary was inaugurated by Dr. Mahesh
Sharma, Minister of State for Culture & Tourism (I/C) and Civil Aviation at Vigado
Theatre in Budapest, Hungary.
Rome has elected populist Virginia Raggi as its first female mayor in a significant
electoral reverse for Prime Minister Matteo Renzi.
The Cabinet approved the signing of a protocol amending an agreement between India
and Belgium for avoidance of double taxation and prevention of fiscal evasion with
respect to taxes on income.
The World Bank announced a partnership with Indian Council of Arbitration (ICA) to aid
dispute resolution, if any, for speedier disposal of infrastructure projects in India.
Pakistan, Bangladesh, Indonesia and Tajikistan will get the first set of loans totalling
$509 million from Chinas sponsored Asian Infrastructure Investment Bank (AIIB) in
which India is a founding member.
Asian Development Bank (ADB) stated that, it has approved a $500 million loan to build
a bridge across the Ganga in Bihar. The project is expected to be completed by
December, 2020.
India and Switzerland signed a Memorandum of Understanding (MoU) to establish
formal cooperation in the fields of skills development, vocational, professional
education and training.
India joined the Missile Technology Control Regime (MTCR) as a full time member, three
days after it failed to get NSG membership due to stiff opposition from China and a few
other countries.
The 193 members of the United Nations General Assembly elected Sweden, Bolivia,
Ethiopia and Kazakhstan to serve on the world body’s Security Council for a period of
two years, starting from 1st January 2017.
India has surpassed Japan to become the world's third-largest oil consumer, with its oil
demand galloping 8.1 per cent in 2015, according to BP Statistical Review of World
Energy released.
India was ranked at 141st place on a Global Peace Index -- making it less peaceful than
countries like Burundi, Serbia and Burkina Faso -- with violence taking a US $680-billion
toll on its economy in 2015.
India, Japan and the US completed their annual naval war exercise named Malabar
Exercise near South China Sea. The 8-day joint exercises saw in action over 100 aircraft
and 22 naval ships including a nuclear submarine.
The Stockholm International Peace Research Institute (SIPRI) launched its annual
nuclear forces data, which highlighted the current trends and developments in world
nuclear arsenals.
With occupancy cost of $149.71 (Rs 10,030) per sq ft, New Delhi’s Central Business
District (CBD) of Connaught Place was ranked as the seventh most expensive prime
office market in the world.
The World Bank in its latest once-in-two-year Logistics Performance Index (LPI) stated
that India is now ranked 35th as against the 54th spot it occupied in the previous 2014
report.
A record 65.3 million people were uprooted worldwide last year, many of them fleeing
wars only to face walls, tougher laws and xenophobia as they reach borders, the United
Nations refugee agency.
NATIONAL
Shah Rukh Khan Launches Sania Mirza’s autobiography ‘Ace against Odds’.
Bangladesh, India sign agreement for joint coal fired power plant
Cabinet approves stake sale in NBCC India
Country's first 'Women's Entrepreneurs Park' to come up in Uttarakhand.
MP Govt. sets up 'Anand' Vibhag for prosperity.
President of India inaugurates ‘India Skills-2016’.
Nalanda University enters UNESCO's World Heritage List.
India felicitated for Maternal and Neonatal Tetanus Elimination and yaws-free status.
Alappuzha, Panaji, Mysuru cleanest cities in India: Survey.
Admiral Lanba commission’s Marine Commandos unit INS Karna.
Bihar signs MoU with Bangkok firm for disaster risk reduction.
Shri Radha Mohan Singh Launches Krishi Vigyan Kendra (KVK) Portal.
231 Namami Gange projects worth Rs 1500 Cr launched.
Now, Bombay, Madras and Calcutta High Courts to bear city names.
Online portal to monitor Krishi Vigyan Kendras.
Govt approves MoU with Mauritius for rural development.
19 new Ministers join Modi Cabinet.
India's Jawaharlal Nehru Port has become the first port of containers earmarked
logistics data.
President inaugurated Swami Vivekananda Kathak auditorium in the centre of New
Delhi's.
Irani launches education portal for teachers.
Minister of Railways Shri Suresh Prabhakar Prabhu formally launches NIVARAN portal.
HAL Tejas supersonic fighter jets inducted into Indian Air Force.
Sukhbir Singh Badal launches Nation’s First Unique Rapid Rural Police Response System.
HDFC Bank's Aditya Puri named best banking CEO in Asia.
SBI Card launches premium credit card ‘Elite’.
CCEA allows Axis Bank to raise foreign shareholding to 74%.
SBI to offer banking services on Facebook, Twitter.
RIL, SBI sign pact to set up payments bank JV.
JP Morgan gets RBI approval to open three branches.
Exim extends $200 mn credit to Senegal.
Central Government has decided to enhance superannuation age of all doctors in
Central Health Service to 65 years with effect 31st May 2016. This decision will benefit
about 4 thousand doctors.
The Ministry of Home Affairs has taken a decision to include short term yoga programs
in Tourist Visa and e-Tourist Visa.
India has joined the Hague Code of Conduct (HCoC) against Ballistic Missile Proliferation
by notifying the HCoC Central Contact in Vienna through diplomatic channels.
Railway Minister Suresh Prabhu flagged off IRCTC’s Tiger Express from Safdarjung
station. A semi-luxury tourist train, Tiger Express is launched to spread awareness
among people regarding tiger conservation.
In line with the government’s Digital India campaign, computer technology giant Dell
has announced the launch of Aarambh – a pan-India initiative aimed at spearheading
the use of personal computer (PC) for education.
Jharkhand was adjudged 'top performing state' under the Digital India Programme.
Union home minister and Lucknow MP Rajnath Singh inaugurated the Wi-Fi service at
the Charbagh railway station in Lucknow.
Railway Minister Suresh Prabhu dedicates six railway facilities in Bihar. Railway Minister
Suresh Prabhu inaugurated six rail facilities in Bihar including flagging off the weekly
Motihari-Anand Vihar Champaran Satyagrah Express.
Railway Minister Suresh Prabhu launched a series of initiative, including flagging-off of
first time-tabled container train service named Cargo Express from Domestic Container
Terminal, Okhla (Delhi) to Whitefield (Bengaluru).
Government has decided in principle to allow export of missile systems to 'certain'
countries who have friendly relationship with India.
In connection with the celebration of International Day of Yoga – 2016 a Yog Geet
(Song) was released by the Minister of State (IC) for AYUSH, Shripad Naik at New Delhi.
This song is of 3 minutes and 15 seconds in Hindi language.
The Union Minister for Power, Coal and Renewable Energy, Piyush Goyal has said that
all the states have resolved to provide 24x7 power for all by March 2019 or earlier in
their respective states.
Delhi Sikh Gurudwara Management Committee (DSGMC), along with India Post,
launched a postal cover featuring Sikh general Baba Banda Singh Bahadur, to
commemorate his 300th death anniversary.
A state-of-the-art centre to conduct research on medical benefits of yoga, was
inaugurated at the AIIMS as part of the government's emphasis on yoga and traditional
systems of medicine.
All states, barring Uttar Pradesh, along with seven Union territories have signed 24x7
'Power for All' (PFA) documents, which aims to provide round- the-clock affordable
electricity.
The Union Agriculture & Farmers' Welfare Minister, Radha Mohan Singh launched Crop
Manager for Rice-based Systems (CMRS) – a web based App for better crop and
Nutrient management, released for Bihar farmers.
The National Mineral Exploration Policy (NMEP) got the Cabinet approval, paving the
way for auction of 100 prospective mineral blocks.
India's first women fighter pilots - Bhawana Kanth, Avani Chatuvedi and Mohana Singh -
were commissioned in the Indian Air Force.
Delhi, at the 22nd spot, become the only Indian city to feature in tech giant Dell's 2016
Women Entrepreneur Cities Index (WE Cities) that looks at a city's ability to attract and
foster growth of women-owned firms.
Prime Minister Narendra Modi announced two yoga awards - one international and
another national - to be given away on the occasion of International Yoga Day.
BUSINESS
Freecharge and Shuttl join hands to provide cashless commuting.
Railways forms JVC with Haryana government.
Lifeline Express, world's first hospital train, celebrates 25 years of service
Tata Advanced Systems, Bell forge pact to manufacture choppers.
Yatra to merge with NASDAQ listed Terrapin 3 Acquisition Corp, valuing co at $218
million
Myntra acquires Cubeit for undisclosed amount.
NBCC signs MoU with Gremound for new tech on housing project.
Now, book flight tickets, order food on Snapdeal.
RIL gets green nod for Rs 800 cr drilling project in TN.
Equitas gets final RBI nod to start small finance bank.
SBI sells 5% NSE stake to Veracity Investments for Rs 911 cr.
Actor Raj Kumar buys Bengaluru franchise of Premier Futsal.
India maintains lead over China in pharma exports in 2015.
Govt allows state-run general insurers to sell PM's crop insurance schemes.
India sets up apparel training centre in Nigeria.
India to levy tax on investments from Cyprus from April 2017.
Just Dial, UTI Asset Management Company and IRCTC are among the firms that have
made it to the Fortune Next 500 list of Indian companies, which has been topped by
Dynamatic Technologies.
APPOINTMENTS
Sun Pharma appoints Abhay Gandhi CEO of North American business.
Indian-American Dr. Kinshuk named US University Dean.
Ashok Patnaik to be new CEO of NATGRID.
British PM appoints new cabinet, Boris Johnson as Finance Minister.
Senior diplomat Mohamed Asim becomes new Maldives foreign minister.
Theresa May becomes UKs second woman PM.
Rakesh Kumar Chaturvedi is new CBSE chairman.
Amitabh Bachchan to be the face of Swachh Bharat Mission.
Arunachal deal: Pema Khandu becomes India’s youngest CM.
D Rajkumar appointed CMD of BPCL.
Vishal Kapoor became the new CEO of IDFC-AMC.
RBI appoints Sudarshan Sen as Executive Director.
Dr Glushkova honorary ambassador of Maha tourism in Russia.
Former Indian diplomat appointed as head of the University of New South Wales
M V Dhekane takes over as Director of IISU.
D K Hota takes over as BEMLs CMD.
Nepal’s first female chief justice takes oath.
S.K. Kohli has been appointed as the Chief Defence-Account Auditor.
Utpal Bora to head Oil India.
Eminent scientist S K Sharma took charge as the Chairman and Managing Director
(CMD) of Nuclear Power Corporation of India Limited (NPCIL).
Senior bureaucrats Nishi Singh and Gopal Mukherjee were appointed as members in
Central Board of Direct Taxes (CBDT), the apex direct taxes body.
BCCI president Anurag Thakur welcomed former media professional Rahul Johri who
has joined the cricket board as its first ever chief executive officer (CEO).
Senior IPS officer Navin Agarwal appointed chief of National Anti-Doping Agency
(NADA), working for dope-free sports. Agarwal is a 1986 batch IPS officer of Jammu and
Kashmir cadre.
Prabhas Kumar Jha assumed the office of Secretary in the Ministry of Parliamentary
Affairs.
V Narayanasamy sworn in as the tenth Chief Minister of Puducherry.
Facebook India has appointed Umang Bedi as managing director. He will take over from
Kirthiga Reddy, who will be returning to the US to take on a new role at the company’s
Menlo Park headquarters.
Jet Airways chairman Naresh Goyal has been re-elected to IATA's Board of Governors.
Goyal is the only representative from India on this board.
Peter Thomson of Fiji has been elected as president of the next session of the UN
General Assembly, which will choose the successor to Secretary General Ban Ki-moon.
Senior legal service officer Suresh Chandra is appointed as the Law Secretary.
Chandra, an officer of Indian Legal Service was Additional Secretary in the department.
Sunil Bharti Mittal, Bharti Enterprises' founder and chairman, has been elected as the
Chairman of the International Chamber of Commerce (ICC), taking over from Terry
McGraw, Chairman Emeritus of S&P Global.
US President Barack Obama has nominated an Indian-origin diplomat Kamala Shirin
Lakhdhir, as the next American ambassador to Malaysia.
Anil Kumble has been named head coach of the Indian team for the next 12 months.He
will take charge at the squad’s preparatory camp ahead of the upcoming tour of the
West Indies next month.
Former BCCI chief N Srinivasan has been re-elected President of the Tamil Nadu Cricket
Association (TNCA) during the state body's Annual General Meeting.
Senior bureaucrat Nand Kishore was appointed as Deputy Comptroller and Auditor
General (CAG). Kishore, a 1981 batch officer of Indian Audit and Account Service, is
presently Additional Deputy Comptroller and Auditor General.
Anne Hathaway has been named as a global goodwill ambassador for UN Women,
following in the footsteps of Emma Watson and Nicole Kidman.
AWARD
Harika captures Chengdu GP title Cairn India bags the 'BT-CSR Excellence Award’.
Aziz Ansari creates history, becomes first Indian-American to bag Emmy nod.
Misbah-ul-Haq becomes oldest captain to score Test hundred.
Arun Jaitley honours Super 30 founder Anand Kumar.
Footballer Prasun Banerjee conferred 'Shan-E-Mohammedan'.
Essel Infra projects Limited Conferred with the Prestigious Golden Peacock Eco-
Innovation Award.
Shah Rukh Khan, Akshay Kumar in Forbes list of world’s 100 highest-paid celebs.
The Violin Player' wins top award in Durban Film Festival.
President confers 51st Jnanpith Award on Dr. Raghuveer Chaudhari.
Sandra Lee honoured at cancer research event.
Indian team lauded with 'team spirit award' at NASA competition.
Lewis Hamilton wins 2016 Austrian Grand Prix.
V.O. Chidambaranar Port has bagged National Award for Excellence in Cost
Management for the year 2015 from The Institute of Cost Accountants of India under
the category of Public Service Sector- Small.
Deshauna Barber, a 26-year-old ,an Army Reserve officer and IT analyst from the District
of Columbia has been crowned Miss USA 2016 after mounting a strong defense of
women in combat roles in the military.
Eminent Indian-origin professor Lord Kumar Bhattacharyya has been awarded the
prestigious Regius Professorship in Manufacturing by Queen Elizabeth II for his
outstanding contribution in manufacturing.
Indian-American author Akhil Sharma won the prestigious 100,000-euro International
Dublin Literary Award, the world's richest award for a single novel, for his second novel
'Family Life'.
UN Secretary-General Ban Ki-moon has been honored with Russia's Order of Friendship.
Director Ridley Scott will be honored with the 30th American Cinematheque award
during the organization’s annual benefit gala October 14 at the Beverly Hilton.
National award-winning actor Kangana Ranaut, ace Director SS Rajamouli and
Bollywood sensation Ranveer Singh got the creme de la creme at the CNN-News18
'Indian of the Year' 2015 awards for their contribution to the world of cinema.
Bariatric surgeon Shashank S Shah has been honoured with the American Diabetes
Association's 'Vivian Fonseca Scholar' Award 2016 for his contribution in the field of
gastric bypass surgery for diabetes.
President Pranab Mukherjee was awarded the highest civilian award of Ivory Coast, the
‘National Grand Crois’. The award was conferred on him during his two days visit to the
West African country.
Margaret Atwood is awarded with 2016 PEN Pinter Prize celebrating her political
activism, describing herself as “a stand-in for the thousands of people around the world
who speak and act against [human rights] abuses”.
Nationalist Congress Party president Sharad Pawar has been selected for the prestigious
Rajarshi Shahu Puraskar 2016.
Britain has launched a new digital archive telling the inspiring stories of war heroes,
including six Indians, as part of the UK government’s centenary celebrations to mark
World War I.
Indian-origin Google CEO Sunder Pichai and three other Indian-Americans are among
the 42 US nationals honoured with this year’s prestigious ‘Great Immigrants: The Pride
of America’ award.
Mukesh Ambani, Chairman and Managing Director of Reliance Industries Ltd, has been
awarded the prestigious Othmer Gold Medal for his entrepreneurial leadership.
Cannes, Indian film 'The Cinema Travellers', a documentary on the traditional art of
travelling cinema in the country, has won the jury prize of the Cannes documentary
award.
Bharti Enterprises founder and Chairman Sunil Bharti Mittal has received this year’s
Harvard Business School Alumni Achievement Award.
An Indian-American scientist Arnab De has received the prestigious Springer Theses
Award in recognition for his outstanding research in which he developed transgenic
mice to study a critical tumor-suppressor called A20.
Bollywood Actor R. Madhavan become goodwill ambassador against leprosy
Pope Francis honoured Hollywood actors Richard Gere, George Clooney and Salma
Hayek with the Olive Medal of Peace in an event to promote the Scholas Occurrentes
foundation.
Prime Minister Narendra Modi was conferred with the Arabian country’s highest civilian honor — the King Abdul-Aziz Sash. The prime minister was presented the award by King Salman bin Abdul-Aziz at the Royal Court on the night before his scheduled departure to New Delhi. The award is named after Abdul-Aziz Al Saud, the founder of the modern Saudi state.
The President of India, Shri Pranab Mukherjee will confer the National Geoscience Awards - 2014 at a function to be held at Rashtrapati Bhavan. The National Geoscience Awards carries a cash prize and a certificate. Till date (i.e. up to NGA-2013), seven hundred twenty one geoscientists have been honored with the National Geoscience Awards.
Former army chief General (retired) J J Singh will be conferred with the highest French civilian distinction, Officer of the Legion of Honour
Mother Teresa has been posthumously conferred with the UK's prestigious Founders Award this year which is given to recognize and reward exemplary achievements of people within the global Asian community
Actress Priyanka Chopra will be given Dadasaheb Phalke Film Foundation's "Best Actress of the Year" award.
Khadija Ismayilova, an investigative journalist from Azerbaijan, has been chosen to receive the 2016 UNESCO/Guillermo Cano World Press Freedom Prize.
Actress Aishwarya Rai Bachchan has won the 'Global Indian of the Year' award. The Associated Press won the Pulitzer Prize for public service for reporting on abuse in
the seafood industry. Novak Djokovic pipped the likes of Usain Bolt and Lionel Messi to win the 'Sportsman of
the Year' trophy for a third time, while Serena Williams clinched the top honour in the women's category at the Laureus World Sports Awards.
Veteran actor Jeetendra, filmmaker Sanjay Leela Bhansali and Bollywood star Ranveer Singh were honored with '74th Master Dinanath Mangeshkar Awards'.
Jeetendra, 74, got the lifetime achievement award while Bhansali and Ranveer got special award for direction and acting for their magnum opus "Bajirao Mastani".
The top honor was given by legendary singer Asha Bhosle. New Zealand’s five-dollar note has been named the banknote of the year for 2015, a
“clear winner” among nearly 40 eligible designs from a record 20 countries. The honor is awarded every year by the International Bank Note Society. Union urban Development minister M Venkaiah Naidu conferred with the Skoch
Lifetime Achievement Award at 43rd SKOCH summit held in New Delhi. Noted Malayalam writer M. Sukumaran has been chosen for the CV Kunhiraman literary
prize. Oxford University Professor Sir Andrew Wiles has been awarded the Abel Prize by the
Norwegian Academy of Science and Letters for solving a three-century-old mathematical mystery.
Veteran actor-director Manoj Kumar will be awarded with the prestigious Dada Saheb Phalke Award.
SPORTS
Renato Sanches named Young Player of the Tournament.
Rio Olympics 2016: Anirban Lahiri, Shiv Chaurasia, and Aditi Ashok to represent India in
golf.
Portugal beat France to win Euro 2016 final.
Murray wins second Wimbledon crown beating Raonic.
Serena doubles up with Venus for 14th Grand Slam title.
F1: Hamilton wins British GP.
India's 4x100m women's relay team sets new national record.
Nirmala Sheoran qualifies for Rio 2016 Olympics in women's 400m.
Gurpreet Singh Sandhu makes history again, becomes first Indian to feature in Europa
League.
Sameer emerges fastest athlete of Nat'l Inter-state Athletics.
Nuwan Kulasekara, the 33-year old Sri Lanka seamer, has announced his retirement
from Test cricket.
England pacemen James Anderson has topped the ICC Player Rankings for Test Bowlers
for the first time.
Retired Chinese tennis star Li Na has been named the 60th member of the Laureus
World Sports Academy.
Virat Kohli has found himself in the top ten of the global sports fame list put together by
ESPN. Kohli was at No. 8 in the ESPN World Fame 100 rankings.
Veteran Malaysian shuttler Lee Chong Wei and Chinese Taipei's rising star Tai Tzu Ying
won the men's singles and women's singles titles respectively in the Indonesia Open
Superseries.
Indian tennis star Rohan Bopanna officially returned to top-10 in the ATP ranking
doubles chart, securing a direct entry into the men’s doubles event of the Rio Olympic
Games.
India's two-wheeler manufacturing major Hero Moto Corp Ltd will be the title sponsor
of the men's Hockey Champions Trophy 2016 which will be held in London from June
10-17.
CONMEBOL President Alejandro Dominguez has let slip that Brazil will host the Copa
America in 2019.
Germany and Arsenal's star midfielder Mesut Ozil was announced as Laureus Sport for
Good Ambassador.In 2013, Ozil signed for Arsenal, where he currently plays and
regularly tops the assist charts.
Maria Sharapova has been suspended for two years by the International Tennis
Federation for testing positive for meldonium at the Australian Open.
Tamil Nadu teenager the 17-year-old and International Master N R Visakh created
history by becoming the first Indian to clinch the Mumbai Mayor's International Open
Chess Tournament.
Olympic champion shooter Abhinav Bindra was chosen as the flagbearer of the Indian
contingent at the Rio Games’ going to be held from 5th of August, 2016.
Lewis Hamilton has closed to Nico Rosberg's world championship lead after beating
Ferrari's Sebastian Vettel to victory in a tense Canadian Grand Prix.
Former Liverpool star 35-year-old John Arne Rise, who also played for Delhi Dynamos
FC, has announced his retirement from professional football.
Indian-origin British boxer Sanjeev Singh Sahota has been roped in to fight in one of the
six supporting contests during Vijender Singh's WBO Asia title bout against Australian
Kerry Hope on July 16.
Commander Ashutosh Pednekar of Indian Navy made sports history when he became
the first Indian to participate and win International tournaments in sport of Racketlon.
Mercedes' German driver Nico Rosberg won the European Grand Prix at the Baku City
Circuit here, tightening his hold on the top spot in the Formula One drivers' standings.
The 31-year-old, American golfer Dustin Johnson has ended his long wait for a major
championship by winning the 116th US Open on a dramatic day at Oakmont Country
Club.
Striker Lionel Messi became Argentina's all-time top goalscorer with 55 goals,
surpassing Gabriel Batistuta's record of 54 goals in 78 games.
Ace footballer Lionel Messi announced retirement from International Football after
Argentina's loss in Copa America final.
Anju Bobby George and Pullela Gopichand were named as the members of Khelo India.
Khelo India is a national programme launched by the Union Government for the
development of sports in the country.
PEOPLE IN NEWS
Senior RSS leader Praful Doshi passes away.
Rome hockey Olympian Joe Antic no more.
Former India footballer Amal Dutta passes away.
Casino' actor Stuart Nisbet dies at 82.
Noted music director Omi passes away.
Kiarostami, master of post-revolution Iranian cinema, dies at 76.
Hollywood director Robin Hardy dead at 86.
Eminent Marathi literary scholar R C Dhere no more.
Noted classical singer Veena Sahasrabuddhe no more.
Former chief curator of the Cricket Association of Bengal (CAB) Prabir Mukherjee passes
away.
Actor Razzak Khan, who is popularly known for his role of Manikchand in Shah Rukh
Khan passes away.
Muhammad Ali, the former world heavyweight boxing champion has died aged 74.
The Hindu's former Delhi Chief of Bureau and veteran journalist K.K. Katyal passed
away.
Veteran theatre personality Achyut Lahkar died at the age of 85.
“The Nanny” star Ann Morgan Guilbert lost her battle with cancer at the age of 87.
Noted theatre personality and popular yesteryear Odia film actress Manimala Devi
passed away. She was 90.
John Ashe, a former United Nations General Assembly president has died at age 61.
Neil O'Brien, former MP of the Lok Sabha and erstwhile member of West Bengal
Assembly is dead at the age of 82 years
The Prime Minister Narendra Modi released a book titled “The Birds of Banni Grassland”
in New Delhi
Pralhad P Chhabria, founder and chairman of Finolex Group, died. He was 86.
Veteran freedom fighter and former Communist leader Chennamaneni Rajeswara Rao
died after prolonged illness. He was 93
An Indian-origin pioneering Tamil scholar and author, who was instrumental in
persuading the South African government to introduce Tamil as a language at secondary
schools, died at the age of 103.
Deepak Shodhan, who was the first Indian to make a Test century in his debut innings,
has died aged 87. He had been India's oldest living Test cricketer.
CPI(M) veteran and former MLA and MP K Anirudhan, who was 92, passed away at his
residence
Senior journalist Aditya Awasthi passed away in early morning following protracted
illness.
CPI(M) veteran and former MLA and MP K Anirudhan, who was 92, passed away at his
residence
Noted Marathi critic and litterateur R G Jadhav passed away at his residence due to his
prolonged illness. He was 83.
Malaysian icon Lee Chong Wei battled past home favourite and World No.1 Chen Long
in the final to regain his second continental crown after 10 years at the Badminton Asia
Championships
Philipp Kohlschreiber overcame Dominic Thiem 7-6, 4-6, 7-6 to reap his third tennis title,
the BMW Open.
Leicester secured an incredible first Premier League title without playing after second-
place Tottenham drew 2-2 at Chelsea.
Former England all-rounder Matthew Fleming is all set to become the next President of
the Marylebone Cricket Club (MCC). The 51-year-old will take up the post on October 1
this year.
India ended their campaign at the International Shooting Sport Federation (ISSF) Junior
World Cup with a creditable fourth place finish, while Italy finished at the top spot in the
medal's table.
Odisha sprinter Dutee Chand grabbed the spotlight once again as she won the gold in
women's 100m dash with a fast timing in the second leg of Indian Grand Prix athletics
series.
India tennis legend Leander Paes captured his first Challenger doubles title in 16 years
after winning Busan Open Challenger doubles title along with Sam Groth of Australia.
A decade after their first match, when they were a couple of promising teenagers,
Novak Djokovic defeated Andy Murray again in Madrid, this time to win a record 29th
career Masters title.
Sunrisers Hyderabad clinched the 2016 IPL title by beating Royal Challengers Bangalore
in the final.
Virat Kohli bagged the coveted Orange Cap in the ninth edition of Indian premier League
2016. Virat Kohli amassed 973 runs in 16 matches.
India's Kirti Gupta won the individual gold as well as team gold medal in trap event at
the 8th International Junior Shotgun Cup shooting 2016 at Orimattila, Finland.
Oscar winning US actress Patty Duke died in Idaho. She was 69. Former Prime Minister of Denmark Anker Joergensen passed away. He was 93. Noted South Indian actor and popular folk singer Kalabhavan Mani died. He was 94. Inventor of email, Ray Tomlinson died. He was 74. Former Lok Sabha Speaker and MLA PA Sangma died. He was 68. Former New Zealand cricket captain Martin Crowe died. He was 53. Actor and athlete Lee Reherman Died. He was 46. Oscar-winning actor George Kennedy died. He was 91.
OTHER NEWS
Rare 'Frankenstein' galaxy discovered.
NASA’s Solar Dynamics Observatory has spotted a giant dark area on the upper half of
the Sun known as a coronal hole.
China launched a satellite to support its global navigation and positioning network on
June 12.It is the 23rd satellite in the BeiDou Navigation Satellite System (BDS), which is
being developed as an alternative to US GPS.
IMPORTANT DATES AND DAYS
January 10: World Laughter Day January 12: National Youth Day January 26: India’s Republic Day, International Customs Day January 30: Martyrs’ Day; World Leprosy Eradication Day February 24: Central Excise Day February 28: National Science Day March 15: World Disabled Day; World Consumer Rights Day March 21: World Forestry Day March 22: World Day for Water March 23: World Meteorological Day
March 24: World TB Day April 7: World Health Day April 17: World Haemophilia Day April 18: World Heritage Day April 22: Earth Day May 3: Press Freedom Day; World Asthma Day May 8: World Red Cross Day May 9: World Thalassemia Day May 11: National Technology Day May 12: World Hypertension Day; International Nurses Day May 15: International Day of the Family May 17: World Telecommunication Day May 24: Commonwealth Day May 31: Anti-tobacco Day Important Dates of June June 5: World Environment Day June 14: World Blood Donor Day June 26: International Day against Drug Abuse and Illicit Trafficking July 11: World Population Day
MILLITARY COUP IN TURKEY.
On 15–16 July 2016, an unsuccessful coup was staged against Turkish President Recep Tayyip Erdoğan and his government by a faction within the Turkish Armed Forces (Turkish Peace Council). At least 290 people were killed and more than a thousand injured. In Ankara, the Turkish Parliament and the Presidential Palace were bombed. Shots were also heard near major airports in Ankara and Istanbul.
Reactions to the event were largely against the coup, both domestically and internationally. The main opposition parties in Turkey, for example, condemned the attempt, while several international leaders—such as those from the United States, NATO, and the European Union—called for respect for the democratic institutions in Turkey and its elected officials. A proposed United Nations Security Council statement denouncing the coup was not, however, accepted by Egypt, a non-permanent member of the Council at the time.
The incumbent government rapidly declared the attempt a failure and began prosecuting those involved. The first official reaction came from Turkish Prime Minister Binali Yıldırım, who addressed the media one day later saying that the situation was "completely under control." Mass arrests followed with at least 6,000 people being detained including at least 2,839 soldiers and 2,745 judges. President Erdoğan blamed soldiers linked to the Gülen Movement, which the government has designated as a terrorist organization under the name FETÖ, for orchestrating the coup attempt, though the Movement's spiritual leader and exiled cleric Fethullah Gülen condemned the coup and denied any involvement.
