Current Affairs, News & Facts of 03 Jun 2016

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  • India joins The Hague Code of Conduct

    India joins The Hague Code of ConductIndia has joined The Hague Code of Conduct (HCoC) against Ballistic Missile Proliferation.

    (HCoC) is a global ballistic missile proliferation regime to strengthen worldwide attempt to contain the spread of ballistic missiles.

    The Hague Code of Conduct (HCoC) is a voluntary legally non-binding multilateral body aimed at preventing the spread of ballistic missiles that can deliver weapons of mass destruction.

    Since the signing and entering into force of the HCOC Code in November 2002 in The Hague, the number of signatories has increased from 96 to 138.

    Ballistic Missile: A ballistic missile is a missile that follows a ballistic trajectory with the objective of delivering one or more warheads to a predetermined target. A ballistic missile is only guided during relatively brief periods of flight and most of its trajectory is unpowered and governed by gravity and air resistance if it is in the atmosphere. In contrasts, cruise missiles are aerodynamically guided in powered flight.

  • Indian banker bags Green Economy Visionary Award

    Indian banker bags Green Economy Visionary AwardDr. R Seetharaman, group chief executive officer of Doha Bank, has been honoured with the 2016 Green Economy Visionary Award for his contribution in environment-friendly activities and for promoting green economy for nearly two decades.

    He received the award from Mohammed Jarrah Al-Sabah, chairman of Union of Arab Banks at the 2016 Union of Arab Banks International Banking Summit held in Rome. 

    About Dr. Raghavan Seetharaman :

    Dr. Raghavan Seetharaman was born and raised in India. He graduated with a degree in commerce from the University of Madras and then became a chartered accountant. 

    He earned double doctorate, first in Global Governance from the European University (2013) and the second in Green Banking and Sustainability from Sri Sri University (2015). He also received an honorary degree (Doctorate of Laws) from the Washington College.

    He was named CEO of Doha Bank in September 2007. Since then, he has overseen the bank’s expansion from its base in Qatar to the UAE, India, Singapore and China and other countries. 

    In 2015, business magazine Forbes had ranked Seetharaman sixth in the Forbes’ Top Indian Leaders in the Arab World 2015 list.

    Note : Doha Bank was incorporated in 1978 and commenced its banking business (including its international banking services) in Doha, Qatar on March 15, 1979.

  • Rahul Johri takes charge as first ever CEO of BCCI

    Rahul Johri takes charge as first ever CEO of BCCIRahul Johri took charge  as first ever chief executive officer (CEO) of the Board of Control for Cricket in India (BCCI) at its headquarters in Mumbai, Maharashtra.

    The post of BCCI CEO is based on the recommendations of the three-member Justice RM Lodha Committee. As per the recommendations, Mr. Johri will directly report to the BCCI secretary Ajay Shirke who will be based at the board's Mumbai office. Mr. Johri will have freedom to work independently in BCCI’s set-up that was traditionally controlled by honorary office-bearers. 

    Johri with more than 20 years of experience in the media industry has  previously served as Discovery Networks Asia Pacific’s executive vice-president and general manager for South Asia.

    In his new role he will be responsible for “smooth functioning of operations, stakeholder management and building robust strategies for promoting of sport.”

  • Cabinet approves MOU between DGCA and French Civil Aviation Authority 

    The Union Cabinet chaired by Prime Minister Narendra Modi has given its ex-post facto approval to the signing of MOU between the Directorate General of Civil Aviation of India (DGCA) and the French Civil Aviation Authority – Direction Generale de l’Aviation Civile (DGAC).

    The MOU seeks to implement Technical Cooperation Programme for promotion and implementation of Standards and Recommended Practices of the International Civil Aviation Organization (ICAO).

    The Technical Cooperation programme will be beneficial for enhancement of skills and expertise of DGCA’s officers. This MoU is also beneficial for implementation of the cooperation between the two parties for imparting training of engineers, technicians, managers etc. 

  • India among top five innovation destinations: report

    India among top five innovation destinationsIndia has been named among the top five global locations for innovation centres on a list that was topped by Silicon Valley, London, Paris and Singapore.

    Innovation centres in the country has doubled to 16 in the six-month period ending February, 2016 says a report released by consulting major Capgemini. 

    Bengaluru has emerged as the most favourite destination within the country having four innovation centres. The new innovation centres established in the last few months include top brands like Apple and Visa other global companies who have established their innovation centres include engineering company TriMas Corporation campus in Delhi for packaging solutions and food ingredient Puratos’ centre in Mumbai. 

  • Matrimonial Sites Must Verify Users With Valid IDs: Government

    Matrimonial Sites Must Verify Users With Valid IDsTo check misuse of matrimonial websites, the government has issued a advisory notification making it mandatory for users of matrimonial websites to provide an identity proof before creating an account on match-making portals.

    The advisory, approved by the IT minister Ravi Shankar Prasad, also requires such websites to keep a record of the IP addresses of its members for one year even after they close their account.

    The advisory clearly bars websites from creating dating platforms. It says that service providers should make a declaration that the website is strictly for matrimonial purpose only and not a dating website and should not be used for posting obscene material.

  • India, World Bank sign agreement for efficient bus service

    India, World Bank sign agreement for efficient bus serviceIndia has signed USD 9.2-million grant agreement with the World Bank  under the World Bank-Global Environment Facility (GEF) Program for the Efficient and Sustainable City Bus Service Project to improve the efficiency of the transport and reduce greenhouse gas emissions.

    Funding of the project: The International Bank for Reconstruction and Development (IBRD) will be the implementing agency of the GEF for the project.

    The total cost of the programme is USD 113 million, out of which USD 9.2 million will come as a grant from the World Bank and USD103.07 million will be funded by the Centre, state and city governments for the funding of buses and ancillary infrastructure.

    Objective of the project : The project’s objective is to improve the efficiency and attractiveness of city bus transport and reduce greenhouse gas emissions in the demonstration cities of Bhopal, Chandigarh, Jaipur and Mira Bhayandar municipality in the Thane district of Maharashtra.

  • India, U.S. to share data on terrorists

    India, U.S. to share data on terroristsIndia and the United States of America have signed an agreement to join the global terror database maintained by the Terrorist Screening Center (TSC) of the U.S. which would help both countries on the war against terror.

    The U.S. has already finalised such agreements with 30 countries and the Terrorist Screening Center has details of 11,000 terror suspects on its database, including nationality, date of birth, photos, finger prints (if any) and passport number.

    Background : The proposal was initially made by the U.S. in 2012 but that time the Research and Analysis Wing (R&AW) and Intelligence Bureau (IB) opposed giving the United States unhindered access to the database of terror suspects in India as they felt that it would only benefit the US but this time modalities were worked out under which both nations will share information on terrorist

  • India-US ink MoU to boost energy security, clean energy cooperation

    India-US ink MoU to boost energy security, clean energy cooperationIndia and the United States have signed an MoU to enhance cooperation in energy security, clean energy and climate change. The MoU was signed by India's Power Secretary P.K. Pujari and US Ambassador Richard Verma.

    Under the MoU, the priority initiatives are US-India Energy smart Cities Partnership; Greening the Grid; Promoting Energy Access through Clean Energy (PEACE) expansion.

    It also includes energy efficiency including space cooling; renewable energy, energy security, and accelerating innovation on clean energy.

  • PM to inaugurate Friendship Dam in Afghanistan

    PM to inaugurate Friendship Dam in AfghanistanPrime Minister Narendra Modi will visit Afghanistan on June 4, where he will, along with Afghan President Ashraf Ghani, inaugurate the Afghan-India Friendship Dam, earlier known as Salma Dam, in Herat province of Western Afghanistan.

    The dam was originally constructed in 1976 but was damaged in the Afghanistan civil war. About 1,500 Indian and Afghan engineers and other professionals worked relentlessly in very difficult conditions to complete the dam.

    The Afghan-India Friendship Dam will irrigate 75,000 hectares of farmland in arid parts of western Afghanistan. It should be noted that India has invested about USD 2 billion in the last few years in Afghanistan towards it's reconstruction.


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