[Current Affairs] 2016-April/P3: Places in News, Banking-Finance GK, Gatimaan Express, Rajan’s Salary & more controversies

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  1. Prologue
  2. Places in News: April 2016
    1. Gujarat related current affairs for GPSC
    2. Maharashtra
    3. Delhi, the den of Evil
  3. Banking-Finance GK: April 2016 for SBI PO/JA
  4. BizGK: April 2016 for MBA
  5. Controversies in News: April 2016

Prologue

  • So far, part 1 and 2 covered the polity, diplomacy, appointment, movies, books, authors and sports related news that happened in April-2016.
  • This third and last part of the series, covers places and controversies in news, as well as banking and business GK.

Places in News: April 2016

Relevance: mostly for state services exams

Gujarat related current affairs for GPSC

  • Raivoli village Balasinor Taluk Kheda District- GSI had discovered dino remains in 80s, it has  potential to become UNESCO world Heritage site because it is the largest dino- egg hatchery in the world. CAG criticized Gujarat government for not doing enough for  protection and promotion of this site.
  • Nalsaroar- is Ramsar Wetland Site (2012), CAG  criticised Gujarat government for the  rampant poaching in this area.
  • Within General category: 10% quota for Economically backward classes- who earn less than 6 lakhs a year.
  •  state govt. passed a bill that provides CM-headed council to control all universities in the state.
  • National  food security act  implemented under the name of “Maa Annapurna Scheme“.
  • Imposed 5% Vat on interstate sale of industrial salt- the companies went on strike.
  • Gujarat religious polarization committee under Justice Sethna is winded up because no hearing or progress since 2009.
  • Union government to merge Mahila Samakhya scheme with national rural livelihood mission (NRLM); but Gujarat to continue this scheme.  Gujarat had also started Nari Adalats under this scheme, and that too will continue.
  • New bill by State government to oversee all university affairs through a statutory body headed by CM. Now teaching and non-teaching staff can be transferred among the universities.

Maharashtra

  • Trupti Desai and her Bhumata Ranragini Brigade (BRB) allowed to enter in Shani Singhnapur temple, after court order.Social activist Vidhya Bal had filled a PIL for entry of women in all temples of Maharashtra.
  • New bill to regulate bar dance clubs in the state.
  • Marathwada consists of 8 districts: eight districts — Aurangabad, Jalna, Beed, Parbhani, Latur, Hingoli, Osmanabad and Nanded. In these areas, no new sugar mill will be allowed for next five years.

Delhi, the den of Evil

Gatimaan Express

What next? Shaktimaan Express to connect Kaladoonga Hills with Tamraj Kilvish’s Den.

  • India’s fastest train “Gatimaan Express” to connect Delhi with Agra at speech 160kmph.
  • Odd-even vehicle policy starts again from 15th April, 2016.
  • Only CNG taxis allowed. No more diesel taxis in Delhi- orders SC.
  • Fire broke out at National Museum of Natural History- precious specimens destroyed
  • State government orders Taxi-app operators not to loot customers with “surge pricing” under which, the taxi fares are rapidly increased during the peak demand situations, as in Odd-even time.
Other places in News
Bihar
  • Became the fourth state to impose liquor ban after Gujarat, Nagaland, Mizoram. Both Desi and IMFL liquor is banned.
  • “Civil consequences of crime”: all civil and criminal convicts’ names will be displayed on government site and they’ll be barred from any government contracts or welfare schemes.
Haryana
  • Chief minister Manohar Lal Khattar changed name of Gurgaon to Gurugram- because Pandav had given it as “Guru Dakshina” to Dronacharya.
Japan and EquadorEarthquake above 7.0 ritcher scale.
Jharkhand
  • Capital: Ranchi. State government releases with new guideline on domicile.
  • Largest Tricolor at Ranchi, stuck in the flagpole, army called in for help.
MP
  • India’s largest private sector coal mine: @Sasan.
  • World’s largest supercritical ultra-mega power project- @Sasan.
  • First state in India to create a department of Happiness. (UAE- first country to create a ministry of happiness.)
  • First ever auction of Diamond Mines: Panna.
Odisha
  • India’s most poor district – Nabarangpur, will get a first government college.
Punjab
  • BSF to hoist tallest Indian flag (350ft) at Attari-Wagah joint check post.
Uttar Pradesh
  • Mizwan: birthplace of Shabana Azmi’s poet father- Kaifi Azmi.  Shabana Azmi’s NGO faces action for not paying entertainment tax in Maharashtra.
UttrakhandPresident’s Rule imposed under Art. 356
W.Bengal
  • Garib Sal- traditional rice variety, contains silver and therefore medicinal properties.

Banking-Finance GK: April 2016

Relevance: upcoming Probationary officers’ and junior assistants’ exam in SBI

Axis bankFIPB approved 74% foreign investment in this private sector commercial bank.
DBSSingapore’s largest bank. Got license to open foreign bank in India- it’ll be a “Mobile only Bank” and parter with >500 cafes in India.
HDFC insurance
  • 2000: HDFC ltd + Standard Life = HDFC life insurance – India’s first private insurance company was launched. Now HDFC ltd. Now this company to become first insurance company in India to launch an IPO
Latest monetary policy Covered in this lecture video
RBI
  • As per RTI, Rajan’s basic pay: 90k, DA: 1,01,700 and other allowance is Rs.7,000. Total over 1.98 lakh rupees, but still he’s not the highest paid executive in RBI. Will 7th Pay commission’s recommendations apply to Rajanbhai’s salary? Find out in next lecture.
SBILoan/credit card defaulters shall be ineligible to apply for jobs in SBI. SBI will use CIBIL score and other records to ascertain a candidates’ financial record.

BizGK: April 2016

Relevance: mostly in MBA admission interviews

Ajay BangaThis Indian American is the CEO of Mastercard, Obama appointed him in National cybersecurity commission.
BookmyshowWill offer customers to buy ticket now and pay within 30 days.
CIINew president Naushad Forbes.
F8 ConferenceFacebook’s annual conference- laid out 10 year roadmap with plans for chatbots, 3d camera and virtual reality.
IIM-B
  • Ranked as top management institute in India, even ahead of IIM-A. As per HRD Ministry’s India Ranking report 2016.
Kris GopalakrishnanInfosys co-founder, created app “Itihasa” containing 600 videos about history of Indian IT industry.
MarutiReported quarterly loss because of the Jat Agitation in Haryana and subsequent delays in its production at Manesar and Gurgaon plants.
Mitsubishi
  • Admitted that it was involved in doing false mileage tests since 1991 to increase sales.
MTNLPlanning VRS for employees above 50 years age.
NASSCOM
  • Tech Mahindra’s MD C.P.Gurnami became new chairman
NSEEx-CCI Ashok Chawla to be next Chairman of National stock exchange. Although SEBI approval required for this appointment.
TCSTata Consultency services has built highest no. of school toilets under Swatchha Vidhalaya Abhiyan.

Controversies in News: April 2016

Relevance: Interviews and some really bogus PCS /clerical grade exams

Bangla BloggersHardcore Islamist groups are murdering bloggers -who write against Islam, in favor of atheism or Christianity.
Dilma RouseffFaces impeachment for masking budget problems.
Dolkun Isa
  • Muslim Uighurs of Xinjiang province have been running a secessionist movement against China since 90s.
  • In Munich, they’ve setup World Uighur Congress. Its chairman Dolkun Isa wanted to visit India to meet Dalai Lama
  • But Indian Government cancelled his visa after pressure from China- that Dolkun Isa is a terrorist.
IcelandCapital Reykjavik, PM Sigmunder David Gunnlaugsson resigned after Panama Paperleak on money laundering.
IITsIncreased annual fees for General category -from 90k to 2 lakh. Women and reserved categories exempted.
InversionIn tax administration, inversion is process of moving company abroad to reduce taxes. US Drugmaker Pfizer was planning to merge with an Ireland company to reduce its tax liability by 1 billion dollar each year but Obama administration prevented it.
IphoneFBI wanted to unlock a Pak-American Terrorist’s Iphone but Apple didn’t help despite court order. If wrong password given for 10 times, phone will automatically delete data. Ultimately, FBI bought a third party tool to unlock the device.
Jacob Zuma Pres of South Africa (Capital is Johannesburg).  He is  accused of corruption,  Opposition parties demanding his resignation.
Khalida ZiaEx PM and head of Bangladesh Nationalist party, accused of planning bomb attack on shipping minister.
Kulbhushan JadhavIndian arrested in Pakistan for spying charges. Interview posted on TV where he confessed spying for India.
Malegaon bombing, 2009Nine Muslim accused acquainted.
Masood AzharIndia wanted UN sanctions on Masood Azhar- who is JeM boss and Pathankot attack mastermind. But China blocked it saying Azhar doesn’t meet UN criteria for terrorism.
MithunTMC’s Rajya Sabha MP and Bollywood disco Star and flop actor Mimoh Chakrabarty’s father Mithun Chakrabarty is in controversy because in last two years, he remained present in the house only for three days.
Mossack FonsecaLaw firm in Panama city, helped in creation of shell companies for Ash, BigB, Harish Salve and others. Indian Express exposed it.
NIT SrinagarGroup of students thrashed after defeat of India in ICC T-20 World cup semifinal and outstation students prevented from flying tricolor.
Pakistan
  • Shariya courts: JuD Hafeez Said established “Darul Qaza Sharia” courts in Lahore. He maintains they’re not parallel to judiciary but only meant as “arbitration”, although anyone who doesn’t comply with its summons, is threatened with dire consequences.
  • Chhotu Gang: this and many other “Robin hood bandit gangs” operate in the Sindh-Punjab region of Pakistan. Army started Blue Fox operation to weed them out.
Pankaja MundeMaharashtra revenue minister- she was criticised for taking selfies during drought inspection.
Rajanbhai
  • In IMF summit,  RBI governor Dr.Raghuram Rajan says Indian economy is a “one-eyed king in the land of blinds”. Commence minister Nirmala Sitharamn is outraged.
  • Later he apologized to the Blind, saying they’re also capable.
Retd. Air Marshal SP TyagiIndicted for bribes in Italy’s Agusta-Westland VVIP chopper deal.
Tata SteelIts steel plant at Port Talbot in Welsh (UK) is making losses, deciding to shutdown, Trade union demanding government to nationalize the steel sector.
Vijay Mallya
  • Non bailable warrant under prevention of money laundering act for IDBI loan fraud case.
  • External Affairs ministry revoked his passport under Passport Act.

Visit Mrunal.org/PIN for Persons in news, books-authors, awards and sports related current affairs for IBPS, SBI-PO, RBI, SSC, CDS, CAPF, ACIO and state service exams.

Mrunal recommends

  1. (free) NCERT, NIOS, TN-Books
  2. Environment by ShankarIAS
  3. Indian Polity M.Laxmikanth (Hindi | English)
  4. Art & Culture by Nitin Singhania (Hindi | English)
  5. Spectrum: Modern History (Hindi | English)
  6. Bipin Chandra: Post Independence
  7. Fast-track to Arithmetic Rajesh Verma
  8. MK Pandey’s Analytical Reasoning
  9. Disha’s Topicwise Paperset (Hindi | English)
  10. School Atlas
  11. Mains: Language papers
  1. (free) NCERT, NIOS, TN-Books 4 History,Geo,Sci
  2. Indian Polity M.Laxmikanth (Hindi | English)
  3. Spectrum: Modern History (Hindi | English)
  4. Maths: Quantam CAT Sarvesh Kumar
  5. Objective General English SP Bakshi
  6. Word Power made Easy -Norman Lowe
  7. Topic wise Solved Paperset by Disha


So far 20 Comments posted

  1. Abhishek Kumar

    Thanks sir

  2. Eashan

    UPSC 2015 results declared on10th May, 2016

  3. Dr madan moond

    upsc 2015 final result out

  4. Dr madan moond

    result aa gya

  5. ClaSsiFieD

    Congrats to those who finally made it……….

  6. saba alam

    This year too, a Woman occupied Top Slot.
    Nice example of women empowerment & evidence of ability & intelligence of Women.

  7. karthi

    congrats to all

  8. rana

    Congratulations

  9. PremKumar

    Thnx……

  10. Shivangi

    Sir I m a mbbs student nd I want to clear upsc , sir I have no one to guide . Sir I have started ncerts from 6 to 12 but don’t know about other books as well as how to study and what to study? Please help me sir. Sir please tell about which book I should study for particular subjects and what extra needs to be studied. Please help me sir.

    1. Pradeep Dalal

      first go through previous years papers of both preliminary and mains exam of UPSC to get better Idea about what is the level of exam and what UPSC expects from the aspirants
      NCERT prescribed by Mrunal Bhai
      Yojana and Kurukshetra magazine
      Employment News article and its News Digest
      India Year Book
      Economic Survey and Budget
      Mrunal Bhai Economic Videos
      Critical Reading of The Hindu newspaper( Only those articles which are meant for country’s development, Economy, Enmvironment, Art and Culture ; and if possible some govt schemes advertisement)

  11. RAJESH KUMAR MAHTO

    Sir plz make an app for this site…so thatit will be easily accessible by phone…

  12. neha

    hi all,
    can anyone please help me with whats the current status of food security? is it implemented or not? where can i check

  13. Pradeep Dalal

    Some questions from NABARD preliminary exam
    1 Which is lender of last resort?
    2 PMKKKY is meant for the welfare of ?
    3 JNNURM scheme subsumed into which scheme?
    4 Capital of Lebanon?
    5 Headquarter of IMF?
    6 Headquarter of UNICEF?
    7 Which crops are designated under National food security act?
    8 How much per cent of India comes under tax net?
    9 300 rural clusters will be developed under which scheme?
    10 Dibang wildlife sanctuary situated in?
    11 How much energy India Plan to generate by Solar energy?

  14. paras jain

    Sir need some study material for mppsc…

  15. upasana

    U r just awesome mrunal sir

  16. pravin chavan

    sir will u provide current affairs in pdf form

  17. RAVI

    Sir, please provide some new article related to SBI & SSC exam [changed pattern] in detail[like syllabus changed]. it will be very helpful to all the apparent s which appear in the exam in few months, so sir please as soon as provide this article

  18. Kapil

    I am judicial aspirant..I am looking for topics for essay and articles..please suggest me

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