DAILY UPDATED CURRENT AFFAIRS 25.08.2016 TO 27.08.

2016

DAILY UPDATED CURRENT AFFAIRS

National
In a bid to break the current violence
in J & K the central agencies have
identified 400 local leaders fuelling
protest and ordered for immediate
crackdown on them by PSA.
Bombay High Court lifted the ban
imposed on women from entering the
Santum Santorium of Haji Ali Dargah
in Mumbai.
Supreme Court has favoured harsher
provision for rash driving causing
death.
The Union Home Minister Rajnath
Singh has announced that the govt.
will came with an alternative to pellet
guns within the next few days. The
expert committee has recommended
for newly developed PAVA Shells a
chilhi based less lethal munition to
disburse the agitating violent MOB.
IITs black listed 30 companies
including 28 start ups for one year
from participating in campus
placement.
A technical subcommittee of the
Union Environment Ministry has
given green signal for commercial
use of GM mustard as safe. The
committee was appointed by GEAC.
The Central Cabinet has approved a
bill that seek a complete ban on
commercial surrogacy and allow only
altruistic surrogacy under certain
condition.
The Surrogacy Regulation Bill 2016 :
Complete ban on commercial
surrogacy.
Only married Indian couples can
go for it.
Leading Institute for Banking, Railway & SSC

Foreigners even NRI are barred.

Unmarried couples, singles parent
and homosexuals cannot opt for
surrogacy.
Ban women from being a
surrogate for more than once.
The Cabinet has approved to enhance
compensation to civilians victims of
terrorist and communal violence,
naxal violence & cross border firing
from Rs. 3 lakh to Rs. 5 lakh.
Reaching out to minorities Uttar
Pradesh & Punjab the central govt.
has proposed to set up 1000
Sadbhavana Mandapas in these states
and in other places for social
gathering.
The National Green Tribunal has
slapped damages fine of Rs. 100 cr.
on a Panama based shipping company
and its two Qatar-based concern for
oil spill off Mumbai Coast.
50 Congress MLA have been
suspended from Gujarat Assembly
for the UNA protest over assult on
dalits.
PMO is considering the proposal for
the formation of National Water
Commission (NWC) by merging the
CWC & CGWB.
Tamil Nadu has moved to the
Supreme Court for urgent release of
water by Karnataka from Cauvery
River.
The Union Ministry of Women and
Child Development has launched
Protection of Children from Sexual
Offenses (POCSO) e-box, in New
Delhi. It was launched by the Union

B 61 A & B, Saheed Nagar & 1441, Opp. IOCL Petrol Pump, CRPF Square, Bhubaneswar
Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : vanikbbsr@gmail.com

DAILY UPDATED CURRENT AFFAIRS 25.08.2016 TO 27.08.2016

Minister for Women and Child

Development Maneka Gandhi in New
Delhi.
The Union Government has launched
Accessible E-Library Sugamya
Pustakalaya for Divyang under
Prime Ministers Sugamya Bharat
Abhiyan. Sugamya Pustakalaya is an
online library for Divyang and houses
publications across diverse subjects
and
languages
and
multiple
accessible formats. The online library
has been created in collaboration with
National Institute of Visually
Handicapped
(NIVH),
member
organisations of Daisy Forum of
India and Bookshare and is powered
by TCS Access.
A UPSC-appointed committee has
recommended to the government that
the upper age-limit for appearing in
the examinations such as the IAS and
IPS be reduced to 26 years from the
current 32 for general category
students over the next 5-7 years.
However,
nothing
has
been
mentioned about the age criteria for
SC/ST, for whom the upper age limit
is 37 years.
Odisha Cabinet has approved the
Odisha Startup Policy 2016. The aim
is to promote entrepreneurship for
start-up ventures with provision of
govt incentives. The policy will chart
out a roadmap to place Odisha among
the top three investment destinations
in the country by 2020. It will
constitute a 25cr rupees Startup
Capital Infrastructure Fund to provide
monthly
assistance
to
young
entrepreneurs
Maharashtra Government has signed
a Memorandum of Understanding

Leading Institute for Banking, Railway & SSC

with the Union Civil Aviation

Ministry and Airports Authority of
India (AAI) to develop 10 airports as
part of the Centres Regional
Connectivity Scheme. With this
Maharashtra became first state in the
country to formally to provide the
concessions required from the State
Governments in the Regional
Connectivity Scheme.
Maharashtra and Telangana have
signed agreement for 3 irrigation
projects to be constructed on
Godavari, Pranahita and Painganga
rivers. Under the agreement, the two
States would take up Tummidi Hatti,
Medigadda and Chanaka-Korata
irrigation projects on Godavari River
and its tributaries.
1. Medigadda barrage: Telangana
will build a barrage Medigadda.
The barrage will help irrigate
18.19 lakh acres of land in six
districts.
2. Tummadihatti barrage: It will be
built on Pranahita River. This will
help in irrigation of two lakh acres
of land in Adilabad district
bordering Maharashtra.
3. Chanaka-Korata barrage: It will
be built on Penganga River. It will
irrigate land in Maharashtra and
Adilabad district of Telangana.
The first Children Court of South
India was launched at the Nampally
Criminal
Courts
Complex
in
Hyderabad, Telangana to fast
disposal of cases related to children.
Bilateral
China has expressed its concern due to
the deployment of BrahMos missile

B 61 A & B, Saheed Nagar & 1441, Opp. IOCL Petrol Pump, CRPF Square, Bhubaneswar
Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : vanikbbsr@gmail.com

DAILY UPDATED CURRENT AFFAIRS 25.08.2016 TO 27.08.2016

system by India in the Indo-China

border.
An Australian media has released a set
of documents regarding the Scorpene
submarine which is considered as
compromise on Indian Security.
India has reiterated its position to put
cross border terrorism and vacation of
Pakistan occupied Kashmir (POK) on
the agenda for talk with Pakistan.
Vice-President Hamid Ansari will
represent India at the NAM Summit in
Venezuela to be held in September
2016.
Indian High Commissioner to UK
Navtej Sarna is all set to be the new
Indian Ambassador to USA.
Global seed giant Monsanto has
withdrawn its application to introduce a
next generation genetically modified
cotton seed in India due to various
regulatory hurdles by Indian govt.
RBI
has
favoured
managerial
autonomy for PSU Banks to enable
them take independent decision and
improve governance.
The Union Home Minister has
constituted a 3 member committee to
expedite the procedure required to
place
Jaish-e-Mohammad
Chief
Masood Azhar and Hezbul Chief Syed
Salabudin and 9 others on the UN list
of proscribed terrorists.
President Pranab Mukherjee launched
Akashvani Maitree (Moitree) Channel
and its multimedia website in Bengali
language for listeners in West Bengal,
Bangladesh and the adjoining areas.
Akashvani Moitree Channel is an
initiative of Kolkata Akashvani
Kendra. The concept of the Akashvani
Moitree Channel emanates from the

Leading Institute for Banking, Railway & SSC

decision taken during the visit of Prime

Minister
Narendra
Modi
to
Bangladesh. Both sides had agreed to
share content among their broadcasting
organisations in order to broadcast a
mix of news and cultural programming.
Union Cabinet approves MoU with
South Africa to establish cooperation in
Grassroots Innovation. The MoU was
signed in pursuance to the InterGovernment Agreement between two
countries for cooperation in Science &
Technology in July, 2016 at Pretoria,
South Africa. The MoU also provides a
mechanism and help in creating an
ecosystem that will promote inclusive
innovation and entrepreneurship at the
grassroot level in both countries. It
gives particular focus on Indigenous
knowledge systems and Agriculture
Biotechnology.
Union Cabinet approves signing of Air
Services Agreement between India and
Fiji. The Agreement is for updation of
the existing ASA between the two
countries which was signed in January,
1974. The objective of new ASA is to
improve the air connectivity between
the two countries by updating the
existing ASA, keeping in view the
latest developments in civil aviation
sector.
Union Cabinet approves MoU between
India and Myanmar for cooperation in
field of Traditional Systems of
Medicine. Decision in this regard was
taken by the Union Cabinet meeting
chaired by the Prime Minister Narendra
Modi in New Delhi. The MoU will
provide structured frame work for
promotion of AYUSH/Traditional
Systems of Medicine in Myanmar. It
will boost the importance of AYUSH

B 61 A & B, Saheed Nagar & 1441, Opp. IOCL Petrol Pump, CRPF Square, Bhubaneswar
Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : vanikbbsr@gmail.com

DAILY UPDATED CURRENT AFFAIRS 25.08.2016 TO 27.08.2016

(Ayurveda, Yoga and Naturopathy,

Unani, Siddha and Homoeopathy)
systems of medicine and conservation,
production and standardisation.
International
China has launched its first cargo
train to Afghanistan.
Many people were killed by the
militant attack on the American
University in Afghanistan.
Worlds first driverless taxi went into
operation in Singapore.
Moderate Intensity earthquake hits
Myanmar & tremors felt in Odisha.
USA
criticised
Pakistan
for
crackdown on MQM Chief.
Germany is thinking to revive
conscription as a temporary measure
in the event of National emergency
under the new civil defence plan.
UNO has confirmed Dawoods
Pakistani address which is a big
assessment for India.
Russia expressed its interest to host a
peace talk between Israel & Palestine.
Singapore shrouded in Smug as haze
returns to South East Asia affecting
air quality.
The 6.1 magnitude quake was felt
across a broad swath of central Italy,
including the capital Rome, where
residents felt a long swaying followed
by aftershocks. At least 120 people
have been killed in a strong
earthquake that struck central Italy
early on Wednesday, levelling
buildings in several towns as
residents slept.
BRICS countries adopt Udaipur
Declaration on disaster after a twoday meeting of Ministers of Disaster
Leading Institute for Banking, Railway & SSC

Management (MDM) of BRICS

countries concluded in Udaipur,
Rajasthan with the adoption of the
Udaipur Declaration. It focused on
two themes:
(i) Flood Risk Management and
(ii) Forecasting of Extreme Weather
Events in the context of Changing
Climate.
This was the second meeting and in
the follow up of the first meeting of
the BRICS MDM convened by the
Russia in St. Petersburg in April,
2016.
The
roadmap
for
implementation of the three-year
Joint Action Plan for BRICS
emergency services (2016-18) was
also finalised.
The two-day SAARC Finance
Ministers Conference was held in
Islamabad to discuss cooperation in
different sectors of economy. The
meeting is also expected to discuss
the
South
Asia-Free
Trade
Agreement and devise a mechanism
for promotion of regional trade.
India has figured among the top 10
wealthiest countries in the world.
According to a report by New World
Wealth, India was ranked 7th ahead
of Canada, Australia and Italy, which
came in at 8th, 9th and 10th slots,
respectively. The US is the wealthiest
in the world in terms of total
individual wealth while China stood
second and Japan third, with total
individual wealth.
The U.S. Postal Service on Monday
said it will issue a Diwali postage
stamp, meeting one of the long
pending demands of Indian-American
community here. The Diwali stamp is
being issued as a Forever stamp,

B 61 A & B, Saheed Nagar & 1441, Opp. IOCL Petrol Pump, CRPF Square, Bhubaneswar
Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : vanikbbsr@gmail.com

DAILY UPDATED CURRENT AFFAIRS 25.08.2016 TO 27.08.2016

the U.S. Postal Service said in a

statement. The stamp design,
unveiled by the U.S. Postal Service
(USPS), is a photograph featuring a
traditional diya oil lamp lit in a
sparkling gold background. The firstday-of-issue dedication ceremony
will take place at the Indian
Consulate in New York City on
October 5, the USPS said.
President of Egypt Abdel Fattah Al
Sisi will visit India from 1st to 3rd of
September. He will be accompanied
by a high-level delegation comprising
Ministers, Officials and business
leaders. Prime Minister Narendra
Modi will hold bilateral discussions
with him. President Al Sisi is
expected to meet business leaders
both of India and Egypt during the
visit. President Pranab Mukherjee
will host a Banquet in the honour of
visiting dignitary.
China has unveiled the designs of its
Mars probe and rover to be launched
in 2020. China plans to send a
spacecraft to orbit Mars, land and
deploy a rover in July or August
2020. Chinas attempts to send an
exploratory probe to Mars, called
Yinghuo-1, had failed in 2011, as it
was declared lost and later burnt
during re-entry
China has launched its first Tibetanlanguage search engine Yongzin.
The search engine will serve as a
unified portal for all major Tibetanlanguage websites in China.
North Korea test fired a new ballistic
missile. It was launched from a
submarine in the Sea of Japan, off
North Koreas eastern coast. The test
comes one day after the United States

Leading Institute for Banking, Railway & SSC

and South Korea launched joint

military exercises on the peninsula.
Economy & Banking
During the 1st quarter of the present
fiscal gems and jewellery export has
grown by 11.7% to $ 11.4 billion
(76,380 cr.) due to demand in USA.
Transfer of funds by one person to
another through Smart Phones will be
much easier with the NPCL the
umbrella organisation for all retail
payments system in India announcing
that customers of 21 banks will
shortly be able to use a unified
payment interface for sending &
collecting money using UPIs virtual
payment address.
IOCL Indias largest oil firm is
considering issuing bonus shares to
its shareholders to capitalise part of
its reserve.
RBI has retained Too big to fail tag
for SBI & ICICI Bank for the second
year in a row calling them
Domestically
Systematically
Important Bank (DSIB) for 2016
requiring higher level of Supervision
to prevent disruption to financial
services in the event of any failure.
Central govt. has decided to provide
wi-fi on Indian civilian aircrafts soon.
Union Cabinet Committee on
Economic Affairs has approved nine
projects worth Rs. 24374.86 cr. in 9
states for expansion of railway
network and connectivity.
NSE has appointed Merchant Banker
like Citigrap Global Market Ltd., JM
Financial Institutional Securities,
Kotak Mahendra Capital, Morgan

B 61 A & B, Saheed Nagar & 1441, Opp. IOCL Petrol Pump, CRPF Square, Bhubaneswar
Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : vanikbbsr@gmail.com

DAILY UPDATED CURRENT AFFAIRS 25.08.2016 TO 27.08.2016

Stanley India as joint global

coordinators for its IPO.
Reserve Bank of India (RBI) has
asked banks to provide loans up to Rs
3 lakh at 7 per cent interest rate to
Women Self-Help Group (SHG).
This loan scheme must be provided
under the National Rural Livelihoods
Mission (NRLM)-Aajeevika scheme.
The President of India, Shri Pranab
Mukherjee inaugurated a CII-IIEST
Conference on the theme of
Enabling Make in India through
Industry
Academia
Innovation
Platform in Kolkata, West Bengal.
Indias external sector has remained
steady with current account deficit
improving to 1.1 percent of GDP in
2015-16 from 1.3 percent in the
previous year. India has registered a
growth rate of 7.3 percent in the
calendar year 2015. The industrial
sector has posted a growth of 7.4
percent in the last financial year, with
the manufacturing sector growth
returning even better figures of 9.3
percent.
The Central government is examining
a recommendation by the special
investigation team (SIT) to ban cash
transactions of over Rs 3 lakh to
clamp down on black money, the top
Central Board of Direct Taxes
(CBDT)
official
said.The
recommendation comes from the
Special Investigation Team as part of
its effort to clamp down on the use of
black money in the economy. SIT had
also suggested an upper limit of Rs
15 lakh on cash holding. In case any
person or industry requires holding
more cash, it may obtain necessary

Leading Institute for Banking, Railway & SSC

permission from the Commissioner of

Income Tax of the area.
Financial Software and Systems
(FSS), a payments technology and
transaction processing company, has
launched FSS Access Control Server,
a secure authentication platform that
supports 3-D Secure Protocol and
enables Card issuers and acquiring
banks to offer security to customers
during online transactions. The server
is a Visa and MasterCard certified
authentication platform, providing
two-factor
authentication,
an
additional layer of security for
eCommerce
and
mCommerce
transactions.
Indias premier container port,
Jawaharlal Nehru Port Trust (JNPT)
in Navi Mumbai has signed 400
Million US Dollar agreement with
State Bank of India (SBI) and
Development Bank of Singapore
(DBS) for External Commercial
Borrowing (ECB). With this ECB
Agreement, JNPT becomes the first
major port in the country to take
loans in dollars to improve the
infrastructure.
With
Central
Governments thrust on port led
development under the Sagarmala
programme, improving viability of
port projects is critical.
The Union Cabinet approved a
revised Double Tax Avoidance
Agreement
(DTAA)
and
the
Prevention of Fiscal Evasion with
respect to Taxes on Income between
India and Cyprus. The revised DTAA
provides for source-based taxation of
capital gains on transfer of shares
instead of one based on residence. It
is considered as a major step in the

B 61 A & B, Saheed Nagar & 1441, Opp. IOCL Petrol Pump, CRPF Square, Bhubaneswar
Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : vanikbbsr@gmail.com

DAILY UPDATED CURRENT AFFAIRS 25.08.2016 TO 27.08.2016

fight against tax evasion, round

tripping and base erosion/profit
shifting. It also allows India to have
the right to tax capital gains arising in
India. It further removes distortion
caused by the provisions in the earlier
treaty for residence-based taxation for
the sake of avoiding tax.
Person in News
Jai Anmol Ambani, son of
industrialist Anil Ambai, has been
inducted as executive director on the
board of Reliance Capital, making
him a third generation member of the
Ambani family to be at helm of
affairs. He would move in as an
additional director after a two year
stint in the finance company. Anmol,
has been working in various financial
services businesses within Reliance
Capital since 2014.
Eminent scientist P D Gupta was
appointed as Vice Chancellor of
Mumbai-based
Homi
Bhabha
National Institute (HBNI). He has
been appointed to the post for five
years, an order issued by Department
of Personnel and Training said.
Sports
Wrestler Sakshi Malik was named as
Haryanas brand ambassador for Beti
Bachao, Beti Padao campaign in
Haryana. Sakshi Malik had won
bronze medal in wrestling at 2016
Rio Olympics in the 58 kg category.
Abhinav Bindra to head National
Rifle Association of India (NRAI) on
25 August 2016 constituted a fivemember review committee to probe
the shooters' Rio Games debacle.
Leading Institute for Banking, Railway & SSC

The Indian mens hockey team

slipped one place to sixth in the FIH
rankings after a lacklustre show at the
Rio Olympics while the women
gained one position to be at 12th in
the latest charts released on Tuesday..
Russia will not compete at next
months Paralympics in Rio after
losing an appeal against a ban imposed
for state-sponsored doping.The Court
of Arbitration for Sport (CAS) upheld
the
International
Paralympic
Committees (IPC) ban on all Russian
competitors. The IPC made the
decision in light of the McLaren report,
which detailed a state-sponsored
doping programme operated by Russia.
Award
G. Satheesh Reddy, Indian aerospace
scientist, on 25 August 2016 was
conferred the first IEI-IEEE Award for
engineering excellence 2015. The
award is in recognition of Reddys
significant
national
contributions
towards missiles and aerospace
technologies.
Four Indian films have made it to the
list of 20 films to compete at the
1st BRICS Film Festival. Among them
are Kaushik Gangulys Cinemawala,
SS Rajamoulis Baahubali The
Beginning, Sanjay Leela Bhansalis
Bajirao Mastaani and Ram Reddys
Thithi. The festival will be held at
Delhis Siri Fort auditorium complex
from September 2 to 6.
Two Indian-American women have
been selected for the prestigious White
House Fellow programme that offers
firsthand experience of working at the
highest levels of the US federal
government. Astrophysicist Anjali

B 61 A & B, Saheed Nagar & 1441, Opp. IOCL Petrol Pump, CRPF Square, Bhubaneswar
Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : vanikbbsr@gmail.com

DAILY UPDATED CURRENT AFFAIRS 25.08.2016 TO 27.08.2016

Tripathi from California and physician

Tina R Shah from Chicago are among
the 16 White House Fellows appointed
from across the nation for the year
2016-17.
Forbes on 24 August 2016 released the
sixth annual list of The World's Most
Innovative Companies 2016. The list
ranked companies using an algorithm
to measure investor enthusiasm. The
list is topped by Tesla Motors for the
second consecutive year. Moreover,
five major Indian companies including
Asian Paints, Hindustan Unilever, Tata
Consultancy Services, Sun Pharma and
Larsen & Toubro have been ranked
among other companies in the list.
Miscellaneous
A two days investors meet has been
organised by the Odisha govt. in
Bengaluru.
Odisha govt. has launched a new
scheme named Mahaprayan under
which dead bodies will be carried
from hospitals free of cost.
National Career Service (NCS)
signed
a
Memoranda
of
Understanding (MoUs) with strategic
partners for enhancing quality and
reach of employment services
through the NCS network. These
MoUs were signed with job portals
companies.
A new study suggests that man-made
global warming has been around for
nearly two centuries. The study was
published on 24 August 2016 in the
journal Nature. The results of the
study suggest that global warming
began during the early stages of the
Industrial Revolution. The warming
Leading Institute for Banking, Railway & SSC

was first detectable in the Arctic and

tropical oceans around the 1830s.
The
once-in-12-year
Krishna
Pushkaram river festival at the
Pavitra
Sangamam
ghat
near
Ibrahimpatnam in Vijayawada came
to a close with a grand display of
Pavitra Harati, cultural performances
that reflected the traditions of Andhra
Pradesh, and a spectacular show of
pyrotechnics.
Software giant Microsoft has bought
a smart scheduling app Genee, as part
of its effort to embed artificial
intelligence (AI) to compete with the
likes of Google Now and Apple. The
start-up, which was founded in 2014,
will shut down its service on
September 1. The financial terms of
the deal were not disclosed by Genee
founders Ben Cheung and Charles
Lee, who will join Microsoft.

B 61 A & B, Saheed Nagar & 1441, Opp. IOCL Petrol Pump, CRPF Square, Bhubaneswar
Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : vanikbbsr@gmail.com