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Poseidon
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1.President
Pranab Mukherjee presents BC Roy National Awards for 2008, 2009 & 2010
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2.Ministry of
Tourism releases data on domestic and foreign tourist visits to states and
UTs
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3.Kerala Govt to
ban e-cigarettes
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4.PM Modi okays
$1-billion deal with US for 4 Poseidons
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5.India moves up
to 35th rank on World Bank's Logistics Performance Index
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6.RITES supplies
60 broad gauge passenger coaches to Bangladesh Railway
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7.RIMPAC 2016 -
World’s largest international maritime exercise kicks off
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8.RIL, SBI sign
shareholder agreement for payments bank JV
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9.Rs 43,000 crore
undisclosed income unearthed in 2 years
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10.RBI to study
Blockchain technology to curtail paper currency
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11.SBI secures
$625 mn from World Bank for solar programme
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12.State Bank of
India launches 'SBI Mingle' – social media banking platform
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13.Researcher
develops non-invasive method to kill cancer cells in two hours
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14.Union Sports
Ministry grants recognition to Paralympic Committee of India
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15.Amla, Bravo in
world record fifth-wicket T20 stand
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16. HCL Info
implements Indias first integrated defence communication network: Information
technology services, distribution and digital solutions firm HCL Infosystems
said it has enabled the design, development and deployment of Defence
Communication Network (DCN) - the first tri-service communication and IT
network of the Armed Forces. The network has been fully designed and
developed in India, the company said adding that the DCN was on 30th June
2016, dedicated to the nation by Manohar Parrikar, Minister of Defence. The
hi-tech, fully secure DCN is the largest single satellite network in the
Indian Defence Forces, spread across the country, it said. This integrated
communication architecture between the Army, Navy and Air Force bolsters the
prowess of the Defence forces during both critical operations and rescue
missions. DCN is a major step towards ensuring Network Centricity across the
three Services, Integrated Defence Staff (IDS) and The Strategic Forces
Command (SFC), the company said.
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17. Suresh Prabhu
launches NIVARAN portal for employees grievances redressal: In a pro-workers
move, Railways Minister Suresh Prabhu launched NIVARAN portal, an online
system for redressal of service related grievance of serving and former
railway employees. Speaking on the occasion, Prabhu said that railways is
trying continuously for addressing public grievances and has already launched
an online portal. "This portal is successful because of the work of
railway employees. Today we are launching the portal for the grievance
redressal of railway employees," he said. A railways statement said,
"Prabhu has been personally directing path-breaking HR interventions
such as directly reaching out to the employees through greetings on their
birthdays." The statement said railways being the single biggest
civilian employer in the country with over 13 lakh strong workforce, have
created a well-structured multi-layered enterprise wide mechanism for
addressing staff matters. "This online system facilitates the employees to
lodge their grievances and also monitor their progress," said an
official.
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18. Indian solar
energy to get $1 bn from World Bank: The World Bank Group signed an agreement
with the International Solar Alliance (ISA), consisting of 121 countries, led
by India. It has committed to provide $1 billion support to Indian solar
energy projects. The World Bank-supported projects include solar rooftop
technology, infrastructure for solar parks, bringing innovative solar and
hybrid technologies to market and transmission lines for solar-rich states.
The cumulative investment in solar would be the World Banks largest financing
in this sector for any country. ISA was launched at the UN Climate Change
Conference in Paris at end-November last year, by Prime Minister Narendra
Modi and French President François Hollande. Through ISA, India aims to
collaborate with global agencies and mobilise around $1 trillion of
investment in solar energy by 2030.
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19. “Healing”
detected in Antarctic ozone hole: The scientists said that in September 2015
the hole was around 4 million sq km smaller than it was in the year 2000 - an
area roughly the size of India. The gains have been credited to the long term
phasing out of ozone-destroying chemicals. The study also sheds new light on
the role of volcanoes in making the problem worse. The natural production and
destruction of ozone in the stratosphere balances itself out over long time,
meaning that historically there has been a constant level to protect the
Earth by blocking out harmful ultraviolet radiation from the Sun. Its absence
increases the chances of skin cancer, cataract damage, and harm to humans,
animals and plants. British scientists first noticed a dramatic thinning of
ozone in the stratosphere some 10 kilometres above Antarctica in the mid
1980s. In 1986, US researcher Susan Solomon showed that ozone was being
destroyed by the presence of molecules containing chlorine and bromine that
came from chlorofluorocarbons (CFCs).
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20. Viswanathan
Anand honoured with Honoris Causa Doctor of Science degree: Five-time World
Champion Viswanathan Anand was conferred the “Honoris Causa” Doctor of
Science by Indian Institute Of Technology (IIT) during its 49th convocation
ceremony in Kanpur on 28th June 2016. The 46-year-old Anand was bestowed with
the degree by NITI aayog chairman Arvind Panagariya in Kanpur. While
receiving the degree, Anand remembered the day when he was awarded the Arjuna
Award in 1985 and shared that this dress code in Kanpur brought back memories
of that day at the Rashtrapati Bhawan. “Even after becoming the first Indian
Grandmaster in 1987, I continued learning and focussed on my next goal of
becoming the world champion. Similarly today is the day of celebration for
you as you are graduating today but you also need to focus on next goals of
your life,” said Anand.
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21. Indian
Railways to take up Rs 20,000 crore port-rail connectivity projects under
Sagarmala: Indian Railways is all set to provide a Rs 20,000 crore
connectivity to boost to ports under the Sagarmala programme! Suresh Prabhu-led
Ministry of Railways will take up 21 port-rail connectivity projects as
identified under the port-connectivity enhancement objective of Sagarmala.
These projects are aimed at strengthening the rail evacuation network and the
last mile connectivity to the ports. In addition, another six projects are
being considered by the Indian Port Rail Corporation Limited (IPRCL).
Sagarmala project aims to achieve capacity expansion and modernization of
sea-ports along Indias coastline, enhance port connectivity to the
hinterland, facilitate port led- industrialization to promote trade and
sustainable development of coastal communities. The Indian Port Rail
Corporation Limited (IPRCL), which has been incorporated by the Ministry of
Shipping, would take up the projects. IPRCL has already awarded 3 port
connectivity projects for Vishakhapatnam and Chennai ports for quick
evacuation of cargo, and another 19 projects are in the pipeline.
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22. RBI wants
ARCs to pay cash to banks in exchange of bad loans: The Reserve Bank of India
(RBI) has said that asset reconstruction companies should pay cash for
stressed loans purchased from banks instead of issuing security receipt to
banks to arrive at true sale of the asset. Speaking at a seminar organised by
Assocham, Ajit Chowdhary, chief general manager at the RBI said, "Cash
sale needs to be encouraged instead of security receipts (SR)." The RBI
has mandated ARCs are to pay at least 15% in cash and the balance can be paid
as security receipts that are redeemed over five to eight years. A number of
banks such as Bank of India, Canara Bank and Bank of Baroda have said that
they would prefer only cash in exchange of bad loans. ARCs are of the view
that reserve price set by banks does not reflect of the value of assets. The
gross bad loans in the books of banks have touched Rs 6 lakh crore and this
does not include write off loans. As of now there are 16 ARCs operational
ARCs but only a handful of them are active.
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23. RIL, SBI sign
shareholder agreement for payments bank JV: Reliance Industries and banking
major State Bank of India have signed the shareholder agreement to set up the
payments bank joint venture. "The Subscription and Shareholders
Agreement was signed by RIL as promoter with a 70 per cent equity
contribution and SBI as joint venture with a 30 per cent equity contribution
on June 30, 2016,". RIL and SBI put in a joint application to the
Reserve Bank of India (RBI) to set up a payments bank that can offer services
such as remittances and deposits but not loans. RBI granted in-principle
approval to RIL as a promoter in September 2015 for the setting up of the
payments bank.
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24. Rs 43,000
crore undisclosed income unearthed in 2 years: Hasmukh Adhia: The Income Tax
Department has unearthed undisclosed income of Rs 43,000 crore in the last
two fiscals, Union Revenue Secretary Hasmukh Adhia said . "While Rs
21,000 crore have been found from departments searches, the balance of Rs
22,000 crore have been disclosed from various surveys," Adhia told
reporters . He did not specify whether the money belonged to individuals or
corporates. "The department is currently busy calculating the tax to be
imposed on this undisclosed amount," he added. Talking about the penalty
to be imposed on the Rs 13,000 crore of black money discovered in foreign
accounts of Indians so far, he said this money will be taxed at the rate of
120 per cent.
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25. First
squadron of LCA Tejas inducted into Indian Air Force: After a wait of over
three decades, the IAF has finally got its hands on the first squadron of
home-grown Light Combat Aircraft Tejas next with the induction of two
aircrafts into the force in Bengaluru. Hindustan Aeronautics Limited handed
over the first two Tejas aircrafts to IAF which will make up the Flying
Daggers 45, the name of the first squadron of the LCA. Indias first
indigenous LCA, which is all set to replace the MiG-21 series, is a result of
several years of design and development work by Aeronautical Development
Agency (ADA) and HAL. The home-grown aircraft is equipped with a quadruplex
digital fly-by-wire flight control system to ease handling by the pilot. Due
to its small size and the extensive usage of carbon composits, its radar
cross section is very less compared to other aircrafts like MiG-29, F-16.
Tejas incorporates a distinctive glass cockpit in which information is
displayed real-time to the pilot. Tejas also has open architecture software
for avionics, which can be updated by DRDO as and when required.
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