DAILY CURRENT
AFFAIRS: 16TH JUNE 2017
(DAILY NEWS INDIA)
1.
NALANDA UNIVARSITY TO COLLABORATE WITH SOUTH KOREAN INSTITUTE
i. The Nalanda University
has signed a Memorandum of Understanding with South Korea’s Academy of Korean
Studies for academic cooperation.
ii. According to the
university officials, Nalanda University Vice Chancellor Professor Sunaina
Singh and Professor Shin Jong Won, Vice President Academy of Korean Studies has
signed a Memorandum of Understanding for academic linkages and collaborations
in Patna.
iii. As per the MoU the
two universities have agreed to enhance the bilateral ties through joint
research programme. The MoU will be in effect for five years.
iv. They will exchange of
faculty members, mutual sharing of data for academic research, joint teaching,
undertake joint research projects and symposiums.
2.
INDIA 60TH MOST INNOVATIVE GLOBALLY, CHINA AT 22ND – GLOBAL INNOVATION INDEX
2017
i. India has ranked 60th
on the Global Innovation Index 2017. The index has been co-authored by Cornell
University, INSEAD and World Intellectual Property Organization.
ii. Global Innovation
Index 2017 Top 5 countries are: Switzerland is at 1st position, Sweden is at
2nd, Netherlands is at 3rd followed by United States of America and United
Kingdom is at 4th and 5th.
3.
RBI PLACES RESTRICTIONS ON BANKING ACTIVITIES OF CENTRAL BANK OF INDIA
i. The Reserve Bank of
India has placed Central Bank of India under prompt corrective action. It puts
restricts on banking activities such as from lending, hiring and expanding
branches.
ii. RBI has triggered
PCAs for 4 banks – IDBI Bank, Dena Bank, UCO Bank and Indian Overseas Bank.
iii. The RBI has mentioned
that the PCA has been triggered in view of negative return on assets and high
ratio of bad loans. The PCA is triggered
so that it allows the regulator to engage closely with the bank’s management in
order to improve their financial health.
iv. The PCA was initiated
on the Central Bank of India has reported losses for 2 consecutive years.
v. The CBI had negative
return on assets and its share of bad loans has crossed 6%. Central Bank has
reported loss of Rs 2439 cr for fiscal year 2016-17 against losses of Rs 1418
cr a year ago
4.
AIIB GRANTS USD 150 MN LOAN FOR INDIA INFRASTRUCTURE FUND
i. The Board of Directors
of the Asian Infrastructure Investment Bank has approved USD 150 million equity
investment to the India Infrastructure Fund.
ii. The meeting was held
in Jeju in South Korea. The Infrastructure Fund aims to invest in mid-cap
infrastructure companies in India.
iii. This initiative will
benefit local infrastructure development by enhancing private capital inflows
from global long-term investors, such as public pension funds, endowments and
insurance companies
iv. AIIB also approved
loans to support transport and power projects in Georgia and Tajikistan.
v. The Bank and will
enhance the potential to source and fund high quality, private sector projects.
vi. The bank has granted
USD 60 million loan for the Tajikistan Nurek Hydropower Rehabilitation Project
Phase I, co-financed with the World Bank
5.
IOC, BPCL, HPCL SIGN AGREEMENT TO SET UP $40 BILLION REFINERY IN MAHARASHTRA
i. Public sector oil
firms IOC, HPCL and BPCL signed an agreement to jointly set up the world’s
largest refinery and petrochemical complex at Ratnagiri district of
Maharashtra. The total cost for setting up this refinery is estimated to be $40
billion.
ii. Indian Oil Corp will
be the lead partner with 50% stake while Hindustan Petroleum Corp Ltd and
Bharat Petroleum Corp Ltd will take 25% stake.
6.
ISRAEL’S DAVID GROSSMAN WINS MAN BOOKER PRIZE FOR ‘A HORSE WALKS INTO A BAR
i. Israeli author David
Grossman has won the Man Booker International Prize for his novel “A Horse
Walks Into a Bar.”
ii. The award was
announced on June 14 in London. The prize was previously a career honour but
changed last year to recognise a single book in a bid to increase the profile
of international fiction in English-speaking countries.
7.
TCS EXECUTIVE RAMANATHAN RAMANAN TO HEAD ATAL MISSION UNDER NITI AAYOG
i. Under the NITI Aayog
Ramanathan Ramanan has appointed as the Mission Director of the Atal Innovation
Mission.
ii. Ramanan is presently
working with the Tata Consultancy Services. He has been appointed to the post
“without pay and allowances” but with the provision of entitlement for
government accommodation at New Delhi and all other official expenses including
travel.
iii. The Appointments
Committee of the Cabinet has approved his appointment in the rank of Additional
Secretary to Government of India.
OBJECTIVE QUESTIONS BASED
ON TODAY’S NEWS
Q1.
THE NALANDA UNIVERSITY HAS SIGNED A MEMORANDUM OF UNDERSTANDING WITH AN
INSTITUTE FROM WHICH COUNTRY FOR ACADEMIC COOPERATION?
a) South Korea
b) Germany
c) Japan
d) UK
Q2.
INDIA HAS RANKED _______ ON THE GLOBAL INNOVATION INDEX 2017?
a) 30th
b) 40th
c) 20th
d) 60th
Q3.
WHICH AMONG THE FOLLOWING ORGANIZATION HAS APPROVED $150 MILLION EQUITY
INVESTMENT LOAN TO THE INDIA INFRASTRUCTURE FUND?
a) Asian Development Bank
b) Asian Infrastructure Investment Bank
c) World Bank
d) New Development Bank
Q4.
ISRAELI AUTHOR DAVID GROSSMAN HAS WON THE MAN BOOKER INTERNATIONAL PRIZE FOR HIS NOVEL?
a) `A Lion Walks Into a Bar’
b) `A Tiger Walks Into a Bar’
c) `A Horse Walks Into a Bar’
d) `A Bull Walks Into a Bar’
Q5.
RAMANATHAN RAMANAN, WHO HAS BEEN APPOINTED AS MISSION DIRECTOR OF ATAL
INNOVATION MISSION, UNDER THE GOVERNMENT’S PREMIER THINK TANK NITI AAYOG IS A
SENIOR VICE PRESIDENT AT?
a) Tech Mahindra
b) Infosys
c) Wipro
d) Tata Consultancy Services
1 - A 2 - D 3 - B 4
- C 5 - D
