Current Affairs June 26, 2015

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1. China , India fast – track BCIM economic corridor project: China and India are adding fresh momentum to the establishment of the

Bangladesh- China- India- Myanmar ( BCIM) economic corridor, which is expected to develop gradually before more ambitious goals are achieved.
2. 6.5 lakh people give up LPG subsidy: More than 6.5 lakh people nationwide have surrendered their subsidy for gas cylinders after the Union

Government launched its “ Give it Up” campaign, a top petroleum company official said.
3. Sushma raises Lakhvi issue with China: External affairs Minister Sushma Swaraj met her Chinese counterpart, Wang Yi, in Kathmandu and

raised the issue of Beijing blocking India’s bid at the U.N to seek action against Pakistan for releasing 26/11 mastermind Zakir-ur- Rehman

Lakhvi.
4. Bad loans may persist for a while: The Financial Stability Report( FSR) , released by the RBI , said that current deterioration in the

asset quality of Scheduled Commercial Banks( SCBs) may continue for few a more quarters. PSBs may have to improve their provisions for credit

risk from the present levels said the report.
5. BRICS bank to start by April : New Development Bank (NDB) , also known as the BRICS Bank, is expected to commence operations and start

financing projects by April 2016,said its first President K. V .Kamath. The bank would introduce capital market products and would be open for

equity infusion .
6. 3 schemes for Urban India launched by PM : PM Narendra Modi on 25th June launched three schemes- AMRUT for 500 cities and towns, Smart

Cities and the Pradhan Mantri Awas Yojana . He said that the Centre’s total investment in these three schemes would be Rs 4 lakh crore spread

over 7-8 years and these programmes are expected to raise the standard of living in cities and towns.
7. Myanmar ‘s Suu Kyi’s hope to become President undone: Myanmar’s parliament dealt a decisive blow to Aung San Suu Kyi ‘s hopes of amending

the junta- era constitution that bars her from the presidency . The bill to amend fell short of the required majority of 75% . The result

virtually extinguishes Suu Kyi ‘s chances of becoming a president .
8. Satya Nadella highest paid new Chief Executive Officer : Satya Nadella CEO of Microsoft (Tech ) has emerged as the highest paid new Chief

Executive Officer .He is making $84.3 million in 2014 according to the Wall Street Journal .
9. The Iron and Steel Industry may be the next major NPA for banks : The Reserve Bank of India has issued a sharp warning that it may be the

iron and steel industry to become NPA’s in the near future and has warned banks about this in advance.
10. Government plans ‘Ganga Rating’ for industries along the river : India may soon come up with efficiency ratings for all establishments

along the Ganga to assess their compliance with Narendra Modi governments’ mission to clean the holy river . Official said a ‘Nirmal Ganga

Rating ‘is in the works to asses industrial units , Municipalities ,Panchayats etc on a scale of one to three depending on the pollution level

.