Current Affairs, News & Facts of 23 Jun 2016

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  • North Korea test-fires Musudan ballistic missiles

    North Korea test-fires Musudan ballistic missilesNorth Korea has conducted back-to-back tests of a mid-range ballistic missile named "Musudan missile" from its eastern coast.

    The test marked Pyongyang's fifth and sixth attempt since April to successfully launch its Musudan missile.

    The first of the two was considered a failure, but the second flew 400 kilometres into the Sea of Japan.

    That was the longest distance a Musudan has achieved to date and equivalent to more than halfway to the south-west coast of Japan’s main island.

    The missile was  fired at a high angle to simulate its full range and had reached a maximum height of more than 1,400 kilometres.

    The Musudan has an estimated range of anywhere between 2,500 and 4,000 kilometres.

    Comment : The United Nations security held it's meeting to discuss North Korea’s latest ballistic missile launch which was violation of UN ban. Tokyo also expressed concern about the growing military threat.

  • Syria's Assad appoints new prime minister

    Syria's Assad appoints new prime ministerSyrian President Bashar al-Assad has appointed former Electricity Minister Emad Khamis as the new prime minister of the war-ravaged country. Assad tasked Khamis to form a new cabinet.

    The announcement comes two months after Assad's Baath party and its allies won the majority of seats in the country's parliament in an election that was considered internationally as a fraud.

    The 54-year-old engineer will replace Wael al-Halqi who had held the post since August 2012. He has been sanctioned by the European Union which accuses him of sharing culpability for violence committed against Syria's population.

  • Tech Mahindra acquires BIO

    Tech Mahindra acquires BIOTech Mahindra, the country’s fifth largest software exporter, has acquired the U.K.-based BIO Agency (BIO), which specialises in digital transformation across sectors such as retail, financial and travel, in an all-cash deal for an enterprise value of up to 45 million pounds.

    The acquisition will augment Tech Mahindra’s digital portfolio, enabling it to offer digital strategy, service design and customer experience services.

    The acquisition will allow it to engage with its clients at the start of the journey and help design customer experience for their businesses.

    The BIO Agency offers digital strategy, service design, digital retail, connected products, product innovation and e-commerce solutions, according to its website. It services brands across financial services, retail, property, travel, and technology sectors.

  • Madras, Bombay HCs to reflect city names

    Madras, Bombay HCs to reflect city names20 years after the city of ‘Madras’ became ‘Chennai’ and ‘Bombay’ became ‘Mumbai’, the High Courts in both the cities will finally adopt the names by an act of Parliament during the upcoming monsoon session.

    The Law Ministry has prepared a Cabinet note on a Bill changing the names of the High Courts. If the name of city and High Courts are different it becomes a cause of   technical issues regarding statute books.

  • Cabinet approves Rs 5.5 lakh crore mega spectrum auction plan

    Cabinet approves Rs 5.5 lakh crore mega spectrum auction planClearing  the path  for the largest-ever spectrum auction in the country, the Union Cabinet chaired by Prime Minister Narendra Modi has approved the sale of all available spectrum. 

    The move will fetch the exchequer at least Rs 5.5 lakh crore if all the mobile airwaves are sold at the reserve price. The government had earned revenues of Rs 1.1 lakh crore from the auctions held last year by selling 418MHz spectrum, 

    The auction in which about 2000 MHz of airwaves will be put up for sale is likely to be conducted in September.

    However there could be a minor delay in the auctions as the Cabinet has decided to seek Trai's opinion on the contentious issue of spectrum usage charge (SUC).

    Pricing of the spectrum : The reserve price of the most premium 700Mhz band has been fixed at Rs 11,485 crore per Mhz. A 5MHz pan-India block in this band will cost a minimum of Rs 57,425 crore. The cost of delivering mobile services in the 700 MHz band is also approximately 70 per cent cheaper than in the 2100 MHz band (used for 3G services).

  • SoftBank President Nikesh Arora Leaves Company

    SoftBank President Nikesh Arora Leaves CompanyNikesh Arora, the 48-year-old president and chief operating officer of Japan's SoftBank, has step down from the telecom giant effective June 22.

    Mr Arora, who took over as president and COO of SoftBank in May 2015, was seen as a potential successor to billionaire CEO Masayoshi Son.

    Masayoshi Son the chief executive officer of SoftBank was to give up his post to Nikesh Arora on his 60th birthday only 15 months away in August of next year but Masayoshi told that he wants to remain at the helm of the company for another five or 10 years, rather than handing over the reins.

    It should be noted that as SoftBank COO and president, Mr Arora has funded many start-ups such as Snapdeal, Ola, OYO Rooms and in the country. His USD 208 million compensation from SoftBank over the past two years made him one of the highest-paid executives in the world

  • India beat Zimbabwe by 3 runs, seal T-20 series 2-1

    India beat Zimbabwe by 3 runs, seal T-20 series 2-1India clinch three-match T20 International series against Zimbabwe by a 2-1 margin as it won the third and final match by a narrow margin of three runs. 

    Zimbabwe, after winning the toss choose to ball and  restricted India to 138/6  with wickets at regular intervals finally they got close to the target before ending at 135 losing six wickets. 

    Kedar Jadhav, who scored 58 off 42 balls, was declared Man of the Match while Indian bowler Barinder Sran won the Player of the series honour.

    The scores: 

    India - 138 for 6 in 20 overs.

    Zimbabwe - 135 for 6 in 20 overs

  • FSSAI bans use of potassium bromate as food additive 

    FSSAI bans use of potassium bromate as food additive FSSAI (Food Safety Standards Authority of India) has banned  the use of potassium bromate as a food additive following a Centre for Science and Environment (CSE) study that found its presence in bread caused cancer.

    Last month a CSE study had found that 84 per cent of 38 commonly available brands of pre-packaged breads, including pav and buns, tested positive for potassium bromate and potassium iodate which are said to be carcinogenic.

    The two food additives are banned in many countries and are listed as “hazardous” to public health. 

    They were being used as  potassium bromate increases dough strength, leads to higher rising and gives uniform finish to baked products while Potassium iodate is a flour treatment agent.

  • Cabinet approves Rs.10,000 cr start-up fund, Rs.6,000 cr for textiles to create 1cr jobs

    Cabinet approves Rs.10,000 cr start-up fund, Rs.6,000 cr for textiles to create 1cr jobsThe Union Cabinet has  approved the setting up of a Rs.10,000 crore fund to support start-ups in becoming full fledged business entities.

    The Government has also approved  Rs. 6,000-crore special package for textile and apparel sector, which has been ailing for a long time.

    The fund is expected to generate employment for one crore persons in three years and attract investments of USD 11 billion. It will increase exports by USD 30.4 billion.


2nd Aug

Exam Date : 02-08-2016

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Ques/Time : 6/5 min


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Todays test

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