Daily News Analysis for IAS / UPSC (13th June, 2016)


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PM Modi 5 Nations visit – Overview

  • India-US inked 8 MoUs to bolster economic growth & sustainable development
  • PM Narendra Modi addresses US Congress
  • India’s membership of NSG dominates meet between PM Narendra Modi and US President Barack Obama
  • domestic processes to ratify Paris climate deal
  • Indo-US commitment to join Paris agreement
  • India, Mexico to elevate ties to strategic partnership


Business and Economy

logo, tagline design contest for payments bank

  • Open Contest invites participation from all Indian citizens, institutions, agencies and entities for a period of one month, until 9th July 2016.
  • best entry will be awarded Rs 50,000/.
  • expert panel will help shortlist 20 best entrieswhich will thereafter be put up for voting on the MyGov platform to choose the winner.
  • Union cabinet cleared a proposal of Rs. 800 crore to set up India Post Payments and a plan for 650 branches operational by September 2017.


People in News

Emaar MGF MD Shravan Gupta steps down

  • Emaar MGF’sExecutive Vice Chairman & Managing Director Shravan Gupta has resigned from the post
  • This happens after Emaar MGF’sExecutive Vice Chairman & Managing Director Shravan Gupta has resigned from the post
  • realty major Emaar would take control of the company’s uncompleted projects to ensure completion of those projects.
  • Shravan Gupta will continue to act as director of the company,
  • Sanjay Malhotrais the new acting CEO of the company.


Madhya Pradesh BJP MLA Rajendra dadu dies in car accident

  • BJP MLA Rajendra Dadu passedaway in a road accident in Madhya Pradesh’s Sehore district
  • He represented from Nepanagar assemblyconstituency in Burhanpur district for a second time.


Canadian ice hockey legend Gordie Howe dies at 88

  • Canadian hockey star Gordie Howe has passed away after a prolonged illness
  • Howe is considered one of thegreatest ice hockey playersof all time.
  • He retired in 1971and was inducted into the Hockey Hall of Fame in Toronto in 1972
  • Howe maintained in the top 10 of scorers for 21 successive yearsand was named Most Valuable Player six times.
  • He was the inaugural recipient of the NHL Lifetime AchievementAward in 2008.


Veteran journalist Inder Malhotra passes away

  • He was known as one of the doyens of political journalismwho witnessed India from Jawaharlal Nehru to Narendra Modi.
  • Malhotra began his career in journalism at United Press of Indiaafter graduating from Punjab University.
  • worked with the Statesman, the Times of India and the Guardianand as Indian Express columnist.
  • was also a Nehru Fellow and a Woodrow Wilson Fellow.
  • was awarded the Ramnath Goenka Lifetime Achievement awardin 2013.
  • has penned several books which includes Indira Gandhi: A Personal & Political Biography (1989) and Dynasties of India and Beyond (2003).


Karnataka Bank former chairman MS Krishna Bhat passes away

  • He became the Chief General Manager of the bank in 1994.
  • Krishna Bhat took over as the Chairman in 1995,for a period of two years. This was extended for another three years up to 2000.
  • the paid-capital and owned funds of the Bank increased gone up significantly also registered a growth rate much higher than the industry growth rateand Computerization of the operations began.


Science and Technology

Iceland scientists turn CO2 into Stone under CarbFix Project

  • This method couldbe a viable way to store CO2 underground permanently and without risk of leakage.
  • This technique requires large amounts of water 25 tons for each tonof CO2 buried
  • CO2 is pumpedinto the volcanic rock and sped up a natural process where the basalts react with the gas to form carbonate minerals (limestone).
  • Carbon Capture and Storage(CCS) is thought to be essential to halt global warming.



Paralympic Committee of India gets recognition

  • Paralympic Games is a major international multi-sport event, involving athletes with a range of physical  These games are organized in parallel with the Olympic Games,
  • Union Minister of State for Planning and Defence, Rao Inderjit Singh, along with vice president Gursharan Singhhad paid a visit to the IPC Headquarters in Bonn last month to make sure the approval of the PCI election