World
India, Japan, and the US
begin Malabar Exercise near the South China Sea
i. India, Japan, and the US have kicked off the
Malabar Exercise, near to the South China Sea. It aims to achieve deeper
military ties and greater interoperability amid rising tensions in the
region.
ii. The 8-day joint exercises will see in action
over 100 aircraft and 22 naval ships including a nuclear submarine. The Indian
Navy stated that their four ships namely- Satpura, Sahyadri, Shakti and Kirch
are participating in the 20th edition of the naval exercise in consonance with
India's 'Act East Policy' and growing ties among the three countries.
iii. In addition, one nuclear-powered submarine,
carrier wing aircraft, and long-range maritime patrol aircraft will also
participate in the exercise. Last year, it was conducted in Chennai and
included the participation of Japan.
India
i. The Airports Authority of India (AAI) has
been conferred the National Award for Best Performing Central PSU for Roof Top
Solar Power initiatives at a glittering function at Vigyan Bhawan by Minister
of State for Power, Coal and Renewable Energy, Piyush Goyal.
ii. It has installed 4.8 megawatt peak power
(MWp) rooftop solar plants at 13 airports. Further, 4.9 MWp solar plants are
expected to be installed at 14 other airports by December.
iii. The solar energy generation so far is 51
Lakhs units (Approx.) from the completed solar power plants at various
airports.
Govt forms panel on PSU
executives pay revision
i. The government of India has constituted a
committee to make recommendations on pay scale revision of executives in
PSUs.
ii. The panel's suggestions will be submitted
within six months of its constitution, and the government's decision on them
will take effect from January 1, 2017.
iii. The last pay revision for the executives
came into effect in 2007.
Union Government Releases
The Road Accidents In India 2015: Report
i. The Union Minister of Road Transport and
Highways Nitin Gadkari has launched the report titled Road Accidents in India
2015.
ii. According to the report, road accidents have
emerged as a major public health problem in India where almost 5 lakh accidents
occurred last year killing 146000 people. The report was compiled by the
Transport Research Wing.
iii. The Mumbai city had the highest number of
road accidents while Delhi had the highest number of deaths due to road
accidents.
Telangana to set up
12,500-acre Pharma City near Hyderabad
i. Mr. K. Chandrashekhar Rao, the Chief Minister
of Telangana state has ordered to setting up a 'Pharma City' on 12,500 acres of
land in Rangareddy and Mahbubnagar districts.
ii. For this project, Telangana State Industrial
Infrastructure Corporation (TSIIC) will send a detailed project proposal (DPR)
to the government on modalities for implementation and execution of the
project. The state already has been the drugs capital of the country with
almost one-third of the total production in value terms.
iii. The proposed park will have components and
other related activities with regard to antibiotics, fermentation products,
synthetic drugs, large volume chemical synthesis, vitamins, nutraceuticals,
herbal medicinal products, specialty chemicals, cosmetics among others.
FICCI to be national
partner at 8th Vibrant Gujarat Summit
i. The summit, which will be organised by the
Gujarat government's industrial promotion body, iNDEXTb during January 10-13,
2017, at Mahatma Mandir, Gandhinagar, will have the Federation of Indian
Chambers of Commerce & Industry (FICCI) as its national partner.
ii. The core theme of the eighth edition of the
biennial industrial extravaganza, Vibrant Gujarat Global Summit 2017, will be
'Connecting India to the World'.
iii. The focus of this summit is to go beyond
Gujarat and make it an all-India focused event for the world at large with the
central theme of ‘Connecting India to the World.
Awards & Appointments
'Sansad Ratna' awards
conferred on 5 MPs
i. Four first time Lok Sabha MPs were among five
Parliamentarians who were honoured with the 'Sansad Ratna' Awards by the Former
RBI governor C Rangarajan, for their performance in Parliament.
ii. The award was instituted by the Prime Point
Foundation and emagazine PreSense, were given to five Lok Sabha MPs and one
former Rajya Sabha member .
iii. BJP's PP Chaudhary, Heena Vijaykumar Gavit,
Shrirang Appa Barne, Raajeev Shankarrao Satav, Shivaji Adhalrao Patil and P
Rajeev leader from Kerala have been honoured for their work.
V Vaithialingam elected
unopposed as Speaker of Puducherry Assembly
i. Congress leader and former Chief Minister V
Vaithialingam has elected as the Speaker of the legislative Assembly.
ii. While, Pro-tem Speaker VP Shivakozhuthu was
declared elected unopposed as the Deputy Speaker.
ii. The newly elected Speaker and Deputy Speaker
were led to their respective seats by Chief Minister V Narayanasamy and leaders
of other political parties.
Ragesh Chandra Appointed
Secretary To Puducherry CM
i. G Ragesh Chandra has been designated as
Secretary to Puducherry Chief Minister V Narayanasamy.
ii. He has taken charge with an immediate
effect.
ii. Mr. Chandra would hold additional charge of
the departments and and would continue to subjects which
already looked after by him.
Sports
Legendary Canadian ice
hockey player Gordie Howe dies
i. Canada's hockey icon Gordie Howe has passed
away after a lengthy illness. He was 88 years old.
ii. He was commonly known as Mr. Hockey and is
considered as one of the greatest ice hockey players of all time and an iron
man in many respects both on and off the ice.
iii. Howe was born in Floral, Saskatchewan, in
March 1928 and spent most of his career with the Detroit Red Wings, winning the
Stanley Cup four times. He was in the top 10 of scorers for 21 consecutive
years and was named most valuable player six times before finally retiring in
1980. Howe was also named an NHL All Star 23 times and was inducted into the
hockey Hall of Fame in 1972. He was the inaugural recipient of the NHL Lifetime
Achievement Award in 2008.
Business & Economy
India Post launches logo
and tagline design contest for IPPB on MyGov
i. The Department of Posts has launched a logo
and tagline design contest for the soon to be set up India Post Payments Bank
on the MyGov website.
ii. The Department of Post wants to connect with
and involve the people of India in designing the DNA of the India Post Payments
Bank. The present contest is the first step towards this ongoing
engagement.
iii. The contest is open to all Indian citizens,
institutions, agencies and entities for a period of one month, until 9th July
2016. The best entry will be awarded Rs 50,000. A panel of eminent designers
will help shortlist 20 best entries which will thereafter be put up for voting
on the MyGov platform for the final selection of the winner.
SBI, CaixaBank ink pact to
fund Indo-Spanish joint ventures
i. State Bank of India (SBI) and Spain's
CaixaBank have inked pact to provide loans to Indo-Spanish joint ventures and
local enterprises. Both have signed the Mou to enhance business synergies. The
banks also cooperate through an introduction of business opportunities and
partnering on possible infrastructure funds.
ii. The agreement was signed by CaixaBank's
Executive Vice-President, International Banking, Victoria Matia and SBI's Chief
General Manager Sujit Kumar Varma.
iii. Under this JV, the banks will collaborate
in areas of mutual interest such as syndicated loan business, guarantee
transactions, trade finance and export credit agency finance, infrastructure
finance and networking services, among others. Besides, Both bank's clients
will be able to use the vast combined network to expand their businesses abroad
and through this agreement, both SBI and CaixaBank will gain direct access to
their respective markets of operation.
Person in NEWS
Karnataka Bank former
chairman MS Krishna Bhat passes away
i. The former Chairman of Karnataka Bank Mr.
M.S. Krishna Bhat has passed away in Mangaluru. He was 78 years old.
ii. He had joined the bank in 1970 and was
elevated to the position of General Manager in 1989. He became the Chief
General Manager of the bank in 1994 and took over as Chairman on July 12, 1995,
for a period of two years, which was extended for another three years up to
July 2000.
iii. He was known for his straightforwardness,
foresight, and quick decision-taking capacity.
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