Current News Update 2015
Uttar Pradesh Current Affairs 2016 which can ask in UPSSSC Seva mandal bharti or UPPSC computer operator UP General Awareness News 2016 Current News Update 2016 are written below some highlights are RBI decided to have more WLAs in tier-III to tier-VI centres of Muthoot Finance. Banihal-Qazigund rail link through India's longest railway tunnel opens.
India's biggest mobile phone company lost the race for two hotly-contested licenses
India's biggest mobile phone company, on Thursday lost the race for two hotly-contested licenses to Norway's Telenor and Qatar's Ooredoo in Myanmar, one of the last major unpenetrated telecom frontiers in the world.
Jon Fredrik Baksaas, president & CEO, Telenor Group, said its strategy of delivering accessible and affordable mobile communications services across five countries in Asia would come in handy in Myanmar.
Myanmar's Telecommunications Operator Tender Evaluation & Selection Committee said it had selected Telenor and Ooredoo for awarding nationwide mobile permits, and also picked a consortium of France Telecom-Orange and Marubeni as a back-up company, in case one of the two companies isn't able to meet post-selection requirements.
Norway's Telenor operates in India under the Uninor brand, in joint venture with Lakshdeep Investments that owns 26%.
Ooredoo, formerly Qatar Telecom, is Qatar's national carrier that had said while bidding that it would invest $15 billion (over 90,000 crore approx) in Myanmar if it won a license.
Muthoot Finance to Establish White Label ATMs
Muthoot Finance got in-principal approval from the Reserve Bank of India (RBI) for establishing as well as operating White Label ATMs (WLAs).
By paying a stipulated fee, anyone can use it for the purpose of financial transaction with any other bank branch.
As the part of RBI’s Scheme A, Muthoot decided to establish 9000 ATMs. According to this scheme, Muthoot Finance will establish 1000 ATMs in first year, 2000 in second year and 6000 in third year.
The White Label ATMs are the ones which are not owned and operated by the bank but by another non-bank entity.
Apart from this, the company has also decided to finalize the network of ATMs all over India.
RBI decided to have more WLAs in tier-III to tier-VI centers of Muthoot Finance.
RBI gives the approval in case a company establishes a minimum of 1000 ATMs in first year, twice the number of first year in second year as well as thrice the second year’s installation in third year.
Under the Scheme A, for every 3 WLAs installed in tier-III to VI centers, one WLA is allowed to be installed in tier-I to II centers.
Out of the total WLAs installed in tiers-III to VI centers, at least 10 percent should be installed in tier-V & VI centers.
As of now, only the banks were allowed to establish the ATMs as the extended delivery channels. Then,
RBI allowed even the non-banking entities to establish, own as well as operate the WLAs for expansion reach in tiers-III to VI.
Bankim Chandra's birth anniversary
Bankim Chandra Chatterjee – composer of India’s national song- Vande Mataram, was born on 27th June 1838 in Kanthalpara village (West Bengal).
A Bengali writer, poet and journalist, Bankim Chandra wrote 13 novels and several satirical, scien
tific and critical works in Bengali.
His works were widely translated into other regional languages of India as well as in English.
iv. His most famous novel, Anandamath, served as an inspiration to patriots during the Indian Freedom Movement.
The chant “Vande Mataram” was coined in this political novel. Originally a Bengali and Sanskrit ‘stotra’, the chant personifies India as a mother goddess.
In 1892, the British government honoured him with the title ‘Ray Bahadur’.
He died on 8th April 1894.
Microsoft releases 'refined' Windows, revs up developers Windows 8.1
Microsoft Corp released a test version of its Windows 8.1 software on Wednesday, bringing back the "start" button and adding a host of features it hopes will appeal to users, while spurring developers into writing more applications for it.
Elbegdorj Tsakhia wins Mongolia presidential election
Mongolia's president has won a second four-year term, providing a mandate for his efforts to crack down on corruption and further integrate the landlocked north Asian nation into international society.
Tsakhia has won a second term in the presidential election, with 50.22% of the vote while Baterdene Badmaanyambuu of opposition received 41.48%
The first female candidate for the presidency, Udval Natsag, had 8.3% of the votes in Thursday’s election.
The result, an affirmation of Elbegdorj's efforts to root out corruption in the nation of 3 million people, whose fortunes are being transformed by a boom in mining for coal, copper, gold, and other resources.
Despite a good economic growth, corruption, inequality and inflation have worsened.
However, Elbegdorj has pledged to integrate the landlocked north Asian country in the international society.
अब मिलेगा मुफ्त इंटरनेट, एयरटेल ने लॉन्च की 'फ्री जोन' सेवा
एयरटेल जैसी बड़ी कंपनी ने गूगल के साथ मिलकर इंटरनेट फ्री जोन लॉन्च किया है तो आपको मजा तो आएगा ही।
फ्री जोन नाम की नई सेवा लांच करने के लिए भारती एयरटेल ने बुधवार को गूगल के साथ हाथ मिलाया है। इस सेवा के माध्यम से एयरटेल के सब्सक्राइबर्स जीमेल, गूगल प्लस और गूगल सर्च जैसी सेवाओं का मुफ्त में फायदा उठा पाएंगे।
Free Zone powered by Google, will give Airtel mobile customers access to mobile web search and feature phone friendly versions of Gmail and Google+ in India," the telecom service provider said in a statement
CAD touches record high of 4.8% in 2012-13
CAD touched a record high of 4.8 pc of GDP in 2012-13 on rising gold and oil imports, though still better than market expectation, bringing relief to the govt which is struggling to arrest the sliding rupee.
Current Account Deficit (CAD) which is the difference between the outflow and inflow of foreign currency, however, moderated sharply to 3.6 percent of GDP in the last quarter of 2012-13 fiscal after it touched a historic high of 6.7 percent in the October-December quarter. It was 4.4 percent in the March quarter of 2011-12.
The CAD was at USD 78.2 billion (4.2 percent) in 2011-12 fiscal, but a higher oil and gold imports pushed it up to USD 87.8 billion (4.8 percent) last fiscal, RBI data said.
The central bank's comfort level for CAD is 2.5 percent of GDP.
The Finance Ministry, meanwhile, said "the short-term increase or decrease in CAD should not be a cause for either optimism or pessimism".
The Rupee had touched a record low of 60.76 to a dollar on Wednesday. After the CAD data, the domestic currency recovered to 60.23 to the dollar.
Banihal-Qazigund rail link through India's longest railway tunnel opens
11-km-long tunnel across the treacherous Pir Panjal mountain range on the Banihal-Qazigund railway line in Jammu and Kashmir.
It is the longest such transportation passage in India and second longest in Asia.
The tunnel has been constructed using New Austrian Tunnelling Method (NATM) and it is for the first time such a method has been used on such a large scale in India.
Pir Panjal tunnel is the longest transportation tunnel in India and second longest in Asia.
The tunnel is totally water proof and equipped with a fire fighting system across the entire length of the tunnel.
The tunnel passes approximately 440 metres below the existing Jawahar Road Tunnel.
Kerala CM to receive UN award
Kerala Chief Minister Oommen Chandy will receive the United Nations Global Award for Public Service from UN Secretary General Ban Ki-Moon at a ceremony to be held in Bahrain on Thursday.
Chandy would leave for Bahrain Thursday morning to receive the award, to be given at the valedictory function of the United Nations Public Service Forum and Awards ceremony
The UN ceremony is taking place in Bahrain based on the theme 'Transformative e-Government and Innovation: Creating a Better Future for All' from 24th to 27th June.
This is for the first time that the UN award for public service is being distributed at a venue in a Gulf country.
Chandy was selected for his mass contact programme from among entries from 50 Asia-Pacific countries.
Chandy's mass contact programme has been widely lauded as a unique democratic experiment in which the Chief Minister of an Indian state met thousands of people directly without any intermediaries.
He received up to 5.5 lakh petitions, of which around three lakh were resolved, and distributed financial assistance of Rs 22.68 crore as part of the programme.
Since 2003, UN has been giving the award as part of its programme for Public Service Day, observed on 23th June .
Mozambique gas deal:
India managed to consolidate its toehold in the hottest new hydrocarbon frontier: the $2.5-billion acquisition by ONGC Videsh (OVL) and its partner Oil India (OIL) for a 10% stake in a Mozambique gas field.
Rovuma Area 1 block with estimated recoverable reserves of 35-65 trillion cu ft (tcf) of gas is poised to make Mozambique potentially the second largest LNG exporter in the world after Qatar.
To put it in context: this is 20 times India's current annual gas consumption and enough to fire 42,000 MW of power plants, more than the total capacity of India's largest power producer NTPC.