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National
Pradhan Mantri Kaushal Vikas Yojana (PMKVY) with an outlay of Rs.12000 crore
- to impart skilling to One Crore Indian population in the next four years
- scheme will impart new skills to 60 lakh peopleand also make certifications to 40 lakh people acquired under the Recognition of Prior Learning.
- State Governmentswould be involved through a project based approach under the PMKVY 2016-20 with 25% of the total training targets as both physical and financial forms.
- General guidance, supervision and job arrangements for the trained people will be made through
- Rozgar Melas (placement camps)
- Kaushal Shivirs (mobilization camps).
- training also focuses training standards for overseas employment in Europe, Gulfand other global hotspots.
International
Karnataka Inks pack with Sanya City, China
- to nurture the trade between Sanya City and Karnataka.
- pack also permits for Sanya city to be certified as an accredited destination for the delegations from Karnataka.
- both the cities have a lot in common and not to mention enterprising populations of both these cities.
International Court denies China’s claim on South China Sea
- tribunal of the Permanent Court of Arbitration, The Hague (Netherland)refused China’s claims to historic and economic rights in the South China Sea as the country have no legal basis, and hinders China’s efforts to establish its control by force.
- no legal basis for China to claim historic rights to resources within the sea areas falling within the‘nine-dash line’.
- South China Sea is a resource-rich strategic waterway through which more than $5 trillion of world trade is shipped every year.
- China didn’t take part in the tribunal, which it said had no jurisdiction on the case, and Chinese officials immediately said that Beijing won’t comply with the ruling
- Philippines case is seen as a test of China’s commitment to a rules-based international order which the U.S. and its allies say has been undermined by Beijing’s recent military activities
Agreement between BHEL, India and Bangladesh for power generation.
- Agreement was signed with Bharat Heavy Electricals Limited (BHEL), India to build the 1,320MW coal-fired power plant at Rampal of Bagerhat, near the Sundarbansmangrove forest.
- estimated cost of the project is $1.68 billion.
- a second grid interconnection from Agartala, India, to Comilla in Bangladesh was recently inaugurated
First Direct Bus Service between Pokhara-New Delhi launched
- maiden direct bus service between Pokhara(Nepal) and New Delhi (India) was launched
- new bus service between Pokhara and New Delhi was proposed by the Uttar Pradesh State Road transport Corporation (UPSRTC) as per decision taken in MVA.
Business and Economy
IDFC acquires Micro Finance Institution Grama Vidiyal
- Acquisition offers the bank access to 1.2 million households apart from adding 319 points of presence in seven states — Tamil Nadu, Kerala, Karnataka, Puducherry, Maharashtra, Gujarat and Madhya Pradesh.
- the micro-finance unit is going to transfer its 3000 employees and micro finance assets worth 1502 crores to the IDFC bank.
SBI signs MoU with IIT Bombay for promoting Startups
- SBI and IITwill promote fintech (financial technology) start-ups that have products or applications to cater to the financial sector.
- These products can help SBI to explore opportunities to enhance the synergy for their banking services.
- SBI now has a Rs 200 crore fund for startups
European Major Airbus contracts with Mahindra Aerostructures.
- Contract has been awarded to Mahindra Aero structuresto make air frame parts for the AS565 MBe Panther by the renowned Airbus Helicopters.
- Airbus Helicopters and Mahindra Defence are in the process of forming a joint venture to target Indias military helicopter programmes such as the Naval Utility Helicopter, the Naval Multi-Role Helicopter and the Reconnaissance and Surveillance Helicopter.
- Contract positions Mahindra Aero structuresas the first Indian company to receive a direct manufacturing contract from Airbus Helicopters as a tier 1 supplier.
- If Government of India selects the Panther, Airbus Helicopters will establish India as a global hub for Panther production in partnership with Mahindra.
HAL, Safran to set up MRO venture
- to jointly establish a helicopter engines maintenance, repair and overhaul (MRO) centreto service Indian and foreign customers using Safran’s aero engines.
- Union government will provide MRO services for Safran TM333and the co-developed Shakti engines that are used in helicopters built by HAL.
Awards
FORBES Top Paid Celebrity List
- Indian entertainers Shah Rukh Khan and Akshay Kumar grabs their seats in this list.
- list is topped by the famous singer Taylor Swiftwith earnings of around 1160 crores.
- Shah Rukh grabbed 86thspot with earnings of $33M
- Akshay Kumar grabbed 94thspot with earnings of $31.5M.
- Cristiano Ronaldo ($88M) – Footballer
Sebastian Vettel ($41M) – Car racer
Roger Federer ($68M) – Tennis champ
Environment and Ecology
Government permits SEZ units to import solid plastic waste
- SEZ units can import plastic or mixed plastic waste prepared to a specification
- government is conscious that the government will not permit imports of hazardous and other wastes from any country to India for disposal but will be allowed only for recycling, recovery, reuse and utilization, including co-processing.
- Import of listed hazardous waste would be allowed to actual users with prior informed consent of the exporting country and that will require the permission of the Environment Ministry.
Science and Technology
Newly discovered dwarf planet takes 700 years to orbit the sun
- a new dwarf planet dubbed 2015 RR245in the icy realms of space beyond Neptune
- The system is 120 times farther from the Sun than the Earth at its farthest orbital point.
- dwarf is likely to be around 700 kilometer in size, not more than five percent that of Earth’s
- It has one of the biggest orbits for a dwarf planet, however, taking some 700 years to travel around the Sun.
People in News
Najma Heptullah and GM Siddeshwara resign
- Minority Affairs Minister Najma Heptullah and Minister of State for Heavy IndustriesGowdara Mallikarjunappa Siddeshwara has resigned from the Union council of ministers.
- Minister of state Mukhtar Abbas Naqvihas been allotted independent charge of ministry of minority affairs
- Babul Supriyo will fill the shoes of the ministry of heavy industries and public enterprises.
Theresa May Becomes Britain’s Second Female Prime Minister
- The UK officially has a new leader is the second woman in the country’s history to hold the top post.
- Theresa will succeed Conservative party leader, David Cameron also becoming Britain’s first female prime minister since Margaret Thatcher was defeated in a party leadership challenge in 1990.
Indian-American Dr. Kinshuk named US University Dean
- He has been appointed as dean of University of North Texas College of Information in the U.S.
- Prior to this appointment, he served as Director in the Schoolof Computing and Information Systems.
- He served as an Associate Dean at Athabasca University in Alberta, Canada, where he helped lead the Faculty of Science and Technology since 2010.
- Kinshuk has received his doctoral degree from De Montfort Universityin England and a bachelor’s degree in mechanical engineering from University of Rajasthan in India.
Sports
Ashwin placed second in ICC Test rankings
- In the latest ICC rankings Ravichandran Ashwintopped the all-rounders and is being placed second in bowling
- Indiaheld the second position with third-placed Pakistan, while the Australia remains on top.
- Australia’s Steve Smithleads the field and he is followed by Kane Williamson of New Zealand and South Africa’s Hashim Amla in batting.
Six more Indians qualify for Rio Olympics
| Qualifier | Game | Note |
| Renjith Maheswary | Jumper | |
| Dharambir Singh | 200 meter race | first Indian to run in an Olympics 200m race after 36 years |
| Jinson Johnson | 800 Meters race | Second fastest ever 800 metres race toqualify. |
| Anirban Lahiri | Golf | These golfers qualifies after crossing the mark of rank 60 in world rankings |
| Shiv Shankar Prasad Chawrasia | Golf | |
| Aditi Ashok | Golf |
Indian Junior Men’s Team wins EurAsia Hockey Cup 2016
- In the game Simranjeet Singhdoubled over the lead, before Vikramjit added a third eight minutes later.
- They clinched the EurAsia Cup 2016after defeatingDynamo–Stroitel 3-2 in a close contest held at Yekaterinburg in Russia.
Ritu Rani dropped, Sushila Chanu to lead India eves at Rio Olympics
- Ritu Rani dropped from the squad by the selectors due to poor form and attitude problems.
- Deepikanamed as the vice-captain.
- She will lead the 16-member Indian women’s hockey team at the forthcoming Olympic Games to be held at Rio de Janeiro.
- first time in 36years that Indian women’s hockey team will be participating at the Olympic Games.