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

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.

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.

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