Exam-Oriented-Current-Affairs-Dated--11-08-2016-12-08-2016-www.KICAonline.com-ENGLISH

12 Aug 2016

 GOVERNMENT SCHEME-DAILY-NEWS-11-08-2016 AND 12-08-2016

e-Marketplace launched

Commerce minister Nirmala Sitharaman on Tuesday launched the government e-marketplace. It's a one stop online marketplace for govt buyers and is expected to be a game changer. The "e-marketplace" has been launched online purchase of goods and services by various central government ministries and departments. The e marketplace is expected to bring tranparency and improve governance. To begin with common use

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I-Day online: I&B minister launches webpage

I&B Minister Venkaiah Naidu, on Wednesday launched a special webpage developed by Press Information Bureau on Festival of Independence, 2016.The webpage that can be accessed from PIB's home page, pib.nic.in, is designed as a platform to showcase all the events related to the festival being celebrated throughout the country.  The webpage showcases hundreds of archival photographs, audio and video clips,

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Union Cabinet approves liberalization of FDI norms for NBFCs

The Union Cabinet has approved liberalization of foreign investment norms for the non-banking finance companies (NBFCs) to improve the ease of doing business. Decision in this regard, Union Cabinet meeting chaired by Prime Minister Narendra Modi in New Delhi. Cabinet has approved Foreign investment in NBFCs can now come under the automatic route provided they are regulated by any of the financial sector

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Union Government launches data bank portal of MSMEs

The Union Government has launched two important initiatives of the Union Ministry of MSME, viz. MSME Databank Portal and Online Finance Facilitation Web Portal. They were launched by Union Minister of Finance & Corporate Affairs Arun Jaitley on the sidelines of 14th Meeting of the National Board of MSME in New Delhi. Key Facts MSME Databank Portal: It aims to gather information about micro, small and

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Spectrum auctions to fetch Rs. 60,000-65,000 cr; moderate industry participation: ICRA

India’s largest spectrum auction, which is scheduled to start on September 29, may see a moderate participation from telecom companies, fetching around Rs 60,000-65,000 crore to the exchequer, about one-tenth of the value of the entire spectrum put up for the auction, according to a new report by Icra. Department of Telecommunications (DoT) will be auctioning 2354.55 MHz spectrum across seven bands —

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Cabinet Approvals – August 10′ 2016

Cabinet approves MoU between India and South Africa for cooperation in the field of Tourism

The Union Cabinet has given its ex-post facto approval for a Memorandum of Understanding (MoU) between India and South Africa for cooperation in the field of Tourism.The main objectives of the MoU are:

a) to expand bilateral cooperation in the tourism sector;

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Swachh Bharat honours Citizen Swachhta Champions with the Launch of “An Open Mind” Film Series

The Ministry of Drinking Water and Sanitation (MDWS), Government of India, today launched a short film series on the Swachh Bharat people’s movement titled, ‘An Open Mind’, in honour of sanitation champions across the country who are driving positive behaviour change in their communities by helping eliminate open defecation and adopt safe sanitation practices. The five short films showcase real-life stories of individuals

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CCEA approves proposal of R&D project for development of AUSC Technology for Thermal Power Plants

The Cabinet Committee on Economic Affairs (CCEA) on 10 August 2016 approved a proposal of research and development (R&D) project for development of Advanced Ultra Super Critical (AUSC) Technology for Thermal Power Plants. The estimated cost of the project is 1554 crore rupees. BHEL will be provided one time budgetary support of 900 crore rupees spread over a period of three years for implementation of the

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Unit 1 of Kudankulam Nuclear Power Plant dedicated to nation

Prime Minister Narendra Modi, President of Russia Vladimir Putin and Tamil Nadu Chief Minister J Jayalalithaa on 10 August 2016 dedicated Unit 1 of Kudankulam Nuclear Power Plant to the nation.Besides, PM Modi announced that five more reactors of 1000 megawatt each will come up in the same location.

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 LEGAL-COURT BILL-ACT-DAILY-NEWS-11-08-2016 AND 12-08-2016

Thai EC certifies referendum result on Constitution

Thailand Election Commission has certified the results of a referendum that backed a constitution proposed by the Thai military. The Thai EC confirmed that 61 percent had voted over the weekend in favor of Thailand's 20th constitution in 84 years. Under the constitution, the Senate of 250 members will be fully appointed by the military, with six ex-officio reserve seats allotted for senior representatives from the military

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Parliament passes Central Agricultural University (Amendment) Bill, 2016

Parliament has passed the Central Agricultural University (Amendment) Bill, 2016 to help the north-eastern state achieve higher growth in animal husbandry sector. The Bill proposes to amend the Central Agricultural University Act, 1992 to include Nagaland under the jurisdiction of Imphal Central Agriculture University (CAU). Key Facts The amendment will help Nagaland to reap the benefit of the Imphal Central Agriculture

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LS passes Bill to double overtime hours for workers

The Lok Sabha on Wednesday passed a Bill seeking increase in overtime working hours. The Factories (Amendment) Bill, 2016, introduced by Labour Minister Bandaru Dattatreya, seeks to increase the upper limit of workers' overtime hours from 50 hours in a quarter to 100 hours in some cases and from 75 hours to 125 hours in others involving 'public interest'. The Bill was allowed despite strong objection from the

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'Don't Force Us To Pass Orders,' Angry Supreme Court Warns Centre

The Supreme Court today accused the government of "sitting over" judges' appointments and said scathingly: "Don't force us to pass orders to remove this logjam." A three-judge bench led by the Chief Justice of India, Justice TS Thakur, told the government that since February, 75 names had been recommended as high court judges but none had been approved. "Why is there mistrust? Judges who have been transferred by the

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 Lok Sabha clears Bill that will settle Tata-VSNL land issue

 

The Lok Sabha on Wednesday passed a Bill to expand the definition of “demerger” to facilitate the splitting of erstwhile state-owned companies. The Bill, when enacted, will put to rest the Tata Communications-VSNL surplus land issue and boost the government’s plans for non-core asset sales in large public sector undertakings (PSUs) that have land banks. The move would also enable Tata Communications to raise non-

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Supreme Court Allows Above 2000cc Diesel Cars For Delhi - But With New Tax

NEW DELHI:  Large diesel cars, mainly SUVs, can remain on Delhi's roads, the Supreme Court has said, but a green fine will have to be paid by manufacturers or dealers to compensate for polluting the city's air. The tax - 1% of the showroom or retail price - must be deposited in a designated state-run bank, the top court said. In December, the Supreme Court temporarily banned the sale of large diesel cars with an engine

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Rajya Sabha passes Enforcement of Security Interest and Recovery of Debts Laws Amendment Bill, 2016

Rajya Sabha on 9 August 2016 passed the Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions (Amendment) Bill, 2016. The bill seeks to amend four laws namely. Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI) Recovery of Debts due to Banks and Financial Institutions Act, 1993 (RDDBFI)

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Lok Sabha passes Taxation Laws (Amendment) Bill, 2016

The Lok Sabha on 10 August 2016 passed the Taxation Laws (Amendment) Bill, 2016. The Bill seeks to amend the Income Tax Act, 1961 and the Customs Tariff Act, 1975. The Bill introduced in the Lok Sabha on the same day was passed by voice vote after a short debate. Features of the Taxation Laws (Amendment) Bill, 2016.

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Lok Sabha passes Employee’s Compensation (Amendment) Bill 2016

 

The Lok Sabha on 9 August 2016 passed the Employee’s Compensation (Amendment) Bill, 2016 to reduce litigation in cases of disputes arising over compensation to workers. The Bill seeks to amend the Employee’s Compensation Act, 1923. This law provides payment of compensation to employees and their dependents in the case of injury by industrial accidents, including occupational diseases.

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 Rajya Sabha passed Maternity Benefit (Amendment) Bill, 2016

 

Rajya Sabha on 11 August 2016 passed the Maternity Benefit (Amendment) Bill, 2016. The Bill seeks to amends the Maternity Benefit Act, 1961. The Maternity Benefit Bill amends provisions related to the duration and applicability of maternity leave, and other facilities. The existing Act regulates the employment of women during the period of child birth, and provides maternity benefits. It applies to factory, mines,

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Rajya Sabha passes Mental Health Care Bill, 2013

Rajya Sabha on 8 August 2016 passed the Mental Health Care Bill, 2013. The Bill repeals the Mental Health Act, 1987.  The upper house passed the bill with record 134 amendments. The Bill provides for mental health care and services for persons with mental illness. It also has a provision to protect, promote and fulfill the rights of such persons during delivery of mental healthcare and services.

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SCIENCE AND TECHNOLOGY-DAILY-NEWS-11-08-2016 AND 12-08-2016

India to launch extensive research on solar power

India is planning to start extensive research on the use of solar power to bring about a "revolution" in this field, Environment Minister Anil Madhav Dave said. Dave told Lok Sabha that during the Paris Climate summit, Prime Minister Narendra Modi had said that there were 122 countries in the world where sunlight was available 10 months of the year. Since India is one of the prominent countries among these 122 nations,

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Perseid meteor shower "outburst" this year: NASA

The annual Perseid meteor shower, already one of the most reliably impressive celestial events, promises to be especially good this year. According to NASA, the Perseid shower happens every year in August when Earth ventures through trails of debris left behind by an ancient comet. A typical Perseid meteor shower has 80 to 100 meteor showers per hour, but as per NASA, this would be anywhere from 160 to 200 meteors

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China launches Gaofen-3 Satellite to get accurate images of earth

China on 10 August 2016 launched Gaofen-3 Satellite, China's first Synthetic Aperture Radar (SAR)  imaging satellite. The satellite was launched from the Taiyuan Satellite Launch Centre in northern Shanxi province on Wednesday. Gaofen-3 is  a high-resolution satellite for the protection of its maritime rights as the South China Sea dispute continues to simmer.

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APPOINTMENT-DAILY-NEWS-11-08-2016 AND 12-08-2016

K M Hanumantharayappa assumes charge as Chairman of Central Silk Board

K M Hanumantharayappa has assumed charge as the new Chairman of Central Silk Board (CSB), for a period of three years. He is the 25th Chairman of the Central Silk Board and succeeds N S Bissegowda. About K M Hanumantharayappa KM Hanumantharayappa by profession is a sericulturist and a weaver. He hails from Doddaballapura, a traditional silk weaving cluster in Karnataka. He is a senior political leader from

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Sandeep Kumar appointed as Transport Commissioner of Delhi

Sandeep Kumar was on 8 August 2016 appointed as the Transport Commissioner of Delhi. He succeeded Sanjay Kumar, who was appointed as the commissioner a few months ago. Sandeep will take on the role of the Commissioner as an additional charge. He is also the Managing Director of Delhi Khadi and Village Industries Board. Sandeep is a 1997-batch Indian Administrative Service officer.

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Dinesh Kumar Khara appointed Managing Director of State Bank of India

Dinesh Kumar Khara on 9 August 2016 was appointed Managing Director (MD) of State Bank of India (SBI). The Appointments Committee of Cabinet (ACC) has appointed Khara for a period of three years, extendable by two years after review of his performance. At present, Khara is working as MD and Chief Executive Officer of SBI Funds Management Pvt Ltd. On the other hand, Ashok Kumar Garg and Raj

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Pawan Munjal reappointed CMD and CEO of Hero MotoCorp

The Board of Directors at Hero MotoCorp on 9 August 2016 reappointed Pawan Munjal as the Chairman, Managing Director (CMD) and Chief Executive Officer (CEO) of the company for a period of five years.The reappointment will be effective from 1 October 2016. Pawan’s current tenure comes to an end on 30 September 2016. On the other hand, Hero MotoCorp appointed Vikram Kasbekar - Head of

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K M Hanumantharayappa assumes charge as Chairman of Central Silk Board

K M Hanumantharayappa on 9 August 2016 assumed charge as the Chairman of Central Silk Board, Union Ministry of Textiles for a period of three years. He is the 25th Chairman of the Central Silk Board. He succeeds N S Bissegowda. Hanumantharayappa is a sericulturist and a weaver. He is a senior political leader from Bharatiya Janata Party and hails from Doddaballapura, a traditional silk weaving cluster in

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 Rajeev Krishnan appointed as Managing Director of Max Hypermarkets India

 

Rajeev Krishnan was on 9 August 2016 appointed as the Managing Director of Max Hypermarkets in India with effect from 1 August 2016. Krishnan succeeds Viney Singh, outgoing Managing Director. However, Singh will continue to be on the Board of the company as a Non-Executive Director.As managing director, Krishnan will guide and direct the strategy and execution of the Hypermarket & Supermarket business of the

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BANKING-DAILY-NEWS-11-08-2016 AND 12-08-2016

SBI Life embedded value at Rs 12,999 crore

SBI Life Insurance has announced its embedded value as Rs 12,999 crore on March 31, 2016. The insurer’s new business margin, based on medium term acquisition expense assumption, stood at 16 per cent and on current level of acquisition expense, stands at 14.2 per cent. It reported a net profit after tax of Rs 215 crore for the first quarter of FY17, an increase of six per cent over the last year in the same period.  

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RBI releases Third Bi-monthly Monetary Policy Statement 2016-17

The Reserve Bank of India (RBI) on 9 August 2016 released the Third Bi-Monthly Monetary Policy Statement 2016-17.One of the key announcements under the policy was that the RBI Governor Raghuram G Rajan kept the Repo Rate under the Liquidity Adjustment Facility (LAF) unchanged at 6.5 percent. Based on the assessment of the current and evolving macroeconomic situation, the following changes were

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 ECONOMICAL-DAILY-NEWS-11-08-2016 AND 12-08-2016

RBI To Transfer Rs 65,876 Crore Surplus To Government

Mumbai: The Reserve Bank of India will transfer to the central government its surplus profit of Rs 65,876 crore, marginally lower than the amount given last year. "The (RBI Central) Board approved the transfer of surplus of the Reserve Bank for the year 2015-16 amounting to Rs 658.76 billion to the Government of India," the central bank said in a statement. The amount was Rs 65,896 crore for the previous year. The RBI

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GST: Government To Launch Programme To Address Traders' Concerns

 

New Delhi: Keen to roll out a Goods and Service Tax (GST) by the target date of April 1, 2017, the government will launch an outreach programme to address concerns of small traders."We are trying to complete GST formalities to roll out GST regime within the target date," Minister of State for Finance Arjun Ram Meghwal said at a seminar here. GST will replace more than a dozen levies - central and state levies,

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RBI To Inject Rs 10,000 Crore Via Open Market Operations

Mumbai: In a bid to meet the perceived liquidity crunch due to upcoming redemption of $20 billion, the Reserve Bank of India on Tuesday announced pumping Rs 10,000 crore by buying government securities. "Based on the current assessment of prevailing and evolving liquidity conditions, the Reserve Bank has decided to conduct purchase of Government securities under Open Market Operations for an aggregate

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AWARD AND HONOUR -DAILY-NEWS-11-08-2016 AND 12-08-2016

M S Subbulakshmi to be honoured by A R Rahman at UN on Independence Day

Renowned carnatic vocalist M. S. Subbulakshmi will be honoured at the United Nations on 15 August 2016, India’s 70th Independence Day, by a performance by A.R. Rahman at the United Nations General Assembly. With this, Rahman will become the second Indian artist after Subbulakshmi to perform at the UN.  She was invited by the then UN Secretary General U Thant to perform at the UN headquarters in 1966.

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SPORT-DAILY-NEWS-11-08-2016 AND 12-08-2016

Rio 2016: Boxer Manoj stuns Olympic bronze-medallist to enter pre-quarters

Former Commonwealth Games gold-medallist Manoj Kumar (64kg) stunned ex-Olympic bronze medallist Evaldas Petrauskas in a fiercely-contested opening bout to enter the pre-quarterfinals of the Rio Games on Wednesday.  Manoj prevailed 2-1 in the hard-fought battle in which he had to hold his ground against the intense aggression displayed by Lithuanian Petrauskas in all three rounds. A former Asian bronze-medallist,

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Rio 2016: Sania-Bopanna pair in quarterfinals of Tennis mixed doubles

Indian duo of Sania Mirza and Rohan Bopanna entered the quarterfinals of the mixed doubles event of tennis competition at the Rio Olympics with a straight-set win over Australian pair of Samantha Stosur and John Peers on Thursday. Sania and Bopanna, who are being touted as India's medal hope at the Olympics, won their opening round match 7-5 6-4 in 73 minutes. The fourth seeded Indian pair broke their opponents and

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Wahab Riaz's double-strike gives Pakistan the early honours

Alastair Cook spoke at the toss about the importance of negotiating the first hour of play after opting to bat in tricky conditions at The Oval in the final Test and also revealed that 'a lot of thought' had gone into his decision. Quite surprisingly, the runs flew thick and fast from the outset, aided by Pakistan's indiscipline with the ball and in the field. The visitors, however, seized control of the session in a superlative second hour of

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Swimmer Katie Ledecky sets world record to win gold in 400m freestyle

American swimmer Katie Ledecky on 7 August 2016 set a new world record to fetch gold in the women's 400 metres freestyle at the Rio Olympics. Ledecky clocked 3 minutes 56.46 seconds to beat Britain's Jazmin Carlin who clocked 4 minutes 01.23 seconds at the Olympic Aquatics Stadium, Rio de Janeiro. America's Leah Smith clocked 4 minutes 01.92 seconds to grab the bronze. With this win, Ledecky broke

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Swimmer Katie Ledecky sets world record to win gold in 400m freestyle

American swimmer Katie Ledecky on 7 August 2016 set a new world record to fetch gold in the women's 400 metres freestyle at the Rio Olympics. Ledecky clocked 3 minutes 56.46 seconds to beat Britain's Jazmin Carlin who clocked 4 minutes 01.23 seconds at the Olympic Aquatics Stadium, Rio de Janeiro. America's Leah Smith clocked 4 minutes 01.92 seconds to grab the bronze. With this win, Ledecky broke

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Judoka Silva wins first gold for host country Brazil: Rio Olympics

Judoka Rafaela Silva on 9 August 2016 won the women’s 57kh judo gold at Rio Olympics. With this, she also won the first gold for the host country Brazil at the Olympic Games Rio 2016. Silva’s win was extra special as she grew up in host city Rio de Janeiro and blossomed to become an Olympic champion despite the tough conditions of her native City of God favela. Japan's Shohei Ono restored the pride of Judo's birth

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Michael Phelps becomes first swimmer to win four consecutive golds in same event

Michael Phelps on 11 August 2016 won his fourth consecutive 200m individual medley Olympic title. With this, he became the first swimmer ever to win four consecutive golds in the same event. Phelps clocked one minute, 54.66 seconds to grab the 200m individual medley Olympic title. Japan’s Kosuke Hagino won the silver medal and China’s Wang Shun took the bronze.

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Kazakhstan's Nijat Rahimov wins men's 77kg weightlifting gold at Rio Olympics

Kazakhstan’s Nijat Rahimov on 10 August 2016 broke the world record to win the gold medal of the men's 77kg weightlifting class at the Rio Olympic Games. Lu Xiaojun of China took the silver and Mohamed Ihab of Egypt claimed the bronze. Rahimov had to lift 214kg to win, 4kg more than Lu’s clean and jerk world record, which he set at the 2013 World Weightlifting Championships.

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 Kazakhstan’s Dmitriy Balandin wins men's 200m breaststroke at Rio Olympics

 

Kazakhstan’s Dmitriy Balandin on 10 August 2016 won gold medal in the men's 200-meter breaststroke final. It is Balandin’s first Olympic medal. With Balandin's win comes Kazakhstan's second gold medal of the 2016 Olympics. It is the country's first-ever medal in a swimming event. United States’ Joshua Prenot won the silver in the 200-meter breaststroke and Anton Chupkov of Russia finished third, securing the bronze.

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 ENVIRONMENT-DAILY-NEWS-11-08-2016 AND 12-08-2016

Steps taken by Government to protect Protected Species in India

There are 909 entries of taxa (including species, families, genus, orders and classes) of animals, birds and plants in the various Schedules of the Wild Life (Protection) Act, 1972. Various steps have taken by the Union Ministry of Environment, Forest and Climate Change (MoEFCC) to protect these species. This information was given by Minister of State (Independent Charge) of Environment, Forest and Climate

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Rhino horn verification process begins in Assam

Assam Government on 11 August 2016 started verification of rhino horns, stored in various treasuries since 1980. For this purpose, the government recently instituted a Rhino Horn Verification Committee. The 12-member committee headed by former forest officer and former Assam State Information Commissioner, Mohan Chandra Malakar will be responsible for verifying the genuineness of the rhino horns, which were

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BUSINESS-DAILY-NEWS-11-08-2016 AND 12-08-2016

Aditya Birla Nuvo to merge with Grasim

Kumar Mangalam Birla, chairman of Aditya Birla Group, on Thursday announced the merger of Aditya Birla Nuvo (ABNL) with Grasim Industries to create an entity with Rs 60,000-crore annual revenue or about $9 billion. This will be followed by the demerger of the financial services business into a separate listed company. ABNL has interests in Aditya Birla Financial Services (ABFSL), telecom (Idea Cellular), textiles

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FOREIGN TOUR -NEWS-11-08-2016 AND 12-08-2016

Russia, Turkey agrees to restore ties after diplomatic rift

Russia and Turkey on 9 August 2016 agreed to work toward restoring full relations. Russian President Vladimir Putin said rebuilding trade tied will be time consuming. The agreement was reached at a meeting between the President Putin and Turkish President Tayyip Erdogan in Saint Petersburg. Both the leaders patched their relations and pledged to restore close economic relations. President Putin said Russian trade

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STATE -DAILY-NEWS-11-08-2016 AND 12-08-2016

Karnataka govt. go give alternative site to family of martyred NSG commando

Karnataka Home Minister G Parmeshwara, has said that the state government will give alternative site to the family members of martyred NSG commando Niranjan Kumar whose house has come under the demolition list in Bengaluru. The civic body has decided to demolished portion of late NSG commander Niranjan

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Maharashtra mulls special session to clear GST Bill

The (Bharatiya Janata Party) BJP-led government in Maharashtra on Thursday  indicated that it is mulling convening a special session of the state legislature for the approval of the Constitution Amendment  Bill for the goods and services tax (GST). Further, the state  government will explore enactment of a special law as per the article 243 X of the Constitution of India, or inclusion of provision in the State GST to enable the

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Odisha Crime Branch rescues 1051 children in first phase of Operation Muskan-2

Operation Muskan-2 – Programme to trace missing children. Operation Muskan-2, an initiative to trace missing and destitute children and reunite them with parents, was in news in first week of August 2016. It came into news after Odisha Crime Branch in its first phase of Operation traced and rescued about 1051 children.The Operation Muskan which was started on 25 July 2016 jointly by the Crime Branch in

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SUMMIT-DAILY-NEWS-11-08-2016 AND 12-08-2016

DEFENCE -DAILY-NEWS-11-08-2016 AND 12-08-2016

SURVEY AND REPORT-NEWS-11-08-2016 AND 12-08-2016

Oil Price Role In India's Disinflation Relatively Modest: Report

New Delhi: Contrary to popular perception, the direct role of lower oil prices in India's disinflation was relatively modest given the limited pass-through into domestic prices, according to an International Monetary Fund (IMF) Working Paper. "There seems a general perception that India's disinflation has been achieved mainly at the altar of good luck due to the collapse in global commodity prices, or through a sacrifice in

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New Duke of Westminster is youngest on world rich list

Hugh Richard Louis Grosvenor, who became the 7th Duke of Westminster after the sudden death of his father on Tuesday, joins the Bloomberg Billionaires Index as his inheritance makes him the youngest billionaire among the world's 400 richest people. As duke, the 25-year-old now heads his family's $12.3-billion estate, which includes hundreds of acres in London's Belgravia and Mayfair neighbourhoods, country

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India moves up in MasterCard consumer confidence index

The MasterCard Index of Consumer Confidence for the first half of 2016 has placed India in “extremely optimistic” territory. The country also further solidified its position with a score of 97.6, moving up to the second spot in the Asia Pacific (APAC) region. The overall consumer confidence and the five-component index scores range from 0 to 100, where 0 represents maximum pessimism, 100 maximum optimism and 50

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 Azim Premji and Shiv Nadar in Forbes list of 100 richest tech tycoons

 

 

Wipro chairman Azim Premji and HCL co-founder Shiv Nadar are the only two billionaires from India in Forbes' list of the world's 100 richest people in technology, ranking in the top 20 ahead of Google boss Eric Schmidt and Uber chief executive officer (CEO) Travis Kalanick. The '100 Richest Tech Billionaires In The World 2016' list has been topped by Microsoft founder Bill Gates with an estimated fortune of $78 billion.

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Bill Gates tops Forbes’ 100 richest in Tech list

The rich keep getting richer in tech. The combined wealth of the 100 richest tech billionaires — a whopping $892 billion — surged 6% since last year. Forbes released the stats in its second annual Richest in Tech list. Amazon, meanwhile, saw its net income multiply nine times since last year to $857 million, fueled in part by strong demand for its free-shipping membership, Amazon Prime.

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  Smiles originated 30 million years ago: Study

 

As per a study titled Smiling baby monkeys and the roots of laughter, the origin of smiles goes back at least 30 million years, when old world monkeys and our direct ancestors diverged. The study was conducted by team of researchers including Fumito Kawakami, Masaki Tomonaga and Juri Suzuki of Kyoto University in Japan and was published on 3 August 2016.

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PASSES AWAY-DAILY-NEWS-11-08-2016 AND 12-08-2016

Surfing’s 1st world champion passed away at 71

Bernard “Midget” Farrelly, who won surfing’s first world championship and was a pioneering surfboard designer, has died aged 71. Farrelly became the first Australian to win a major surfing title when he won the Makaha Invitational in Hawaii in 1963. He won the first official world championship off Sydney’s Manly beach the following year and was world championship runner-up in 1968 and 1970. Surfing Australia said

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Yoga guru TKV Desikachar passes away

Renowned Yoga Guru TKV Desikachar passed away on 8 August 2016 following a brief illness in Chennai. He was 78. He was known for transforming the way yoga was practised and turned it into both a wellness concept and a therapy. Desikachar is son of T Krishnamacharya, popularly acknowledged as the father of modern yoga.  He dabbled with engineering before he learnt yoga from his father.

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Veteran writer-producer Panchu Arunachalam passes away

Veteran film producer, script and screenplay writer Panchu Arunachalam passed away on 9 August 2016 following brief illness. He was 75. He is survived by his wife, two daughters and two sons. He introduced Ilayaraja as music director in his film Annakili and made more films starring Kamal Hassan and Rajinikanth. He proved his mettle by penning super-hit songs including Manmagale Marumagale Vaa Vaa in Sharada and

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Yesteryear Tamil actress Jyothilakshmi passes away

Yesteryear Tamil actress Jyothilakshmi passed away on 9 August 2016 in Chennai following a brief illness. She was 63. She earned fame by doing dance numbers and negative roles in Telugu, Tamil, Kannada, Malyalam and Hindi movies. She made her film debut in TR Ramanna's Tamil film Periya Idathu Penn that had actors Saroja Devi and MG Ramachandran in the lead. She was a trained dancer and her skills on the

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Legendary Pakistani cricketer Hanif Mohammad passes away

Hanif Mohammad, the original 'Little Master,’ passed away on 11 August 2016 in Karachi, Pakistan. He was 81. Hanif was diagnosed with the cancer in 2013, for which he received treatment in London. Born on 21 December 1934, Hanif Mohammad was a Pakistani cricketer. He played for the Pakistani cricket team in 55 Test matches between 1952–1953 and 1969–1970.

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COMMITTEE-DAILY-NEWS-11-08-2016 AND 12-08-2016

Union Government constitutes Amitabh Kant committee to review e-commerce rules

The Union Government has decided to set up a committee to look at easing the policy regime for e-commerce players, including the rules for foreign direct investment (FDI). The committee will be headed by Amitabh Kant, CEO of NITI (National Institution for Transforming India) Aayog. The other members in the panel will include officials from Union Commerce Ministry and Industry and Department of electronics and

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Citizenship Bill referred to joint select committee

A united opposition in the Lok Sabha on Thursday forced the BJP-led NDA government to send the Citizenship (Amendment) Bill, 2016, to a joint select committee of Parliament. The draft Bill seeks to help migrants of virtually all denominations — except Muslims — from the neighbouring countries of Afghanistan, Pakistan and Bangladesh to get Indian citizenship after a stay of six years. Soon after Question Hour, Biju

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Govt panel moots National Water Commission

A committee set up by the Ministry of Water Resources, River Development and Ganga Rejuvenation has recommended that a National Water Commission be set up. The Commission, which will be an autonomous body, is proposed to have a countrywide base and mandate, and greater human-power subsuming the existing Central Water Commission and the Central Ground Water Board. The committee, chaired by Mihir

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Panel on fiscal consolidation may include states in plan

New Delhi: A finance ministry panel set up to suggest a fiscal consolidation road map for the centre will also recommend a similar action plan for the states. Since the phrase used in the terms of reference of the committee is “government deficit”, it will look into both state and central government deficits, an official on the committee said, requesting anonymity. The panel has not decided whether it will only fix a cumulative

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AGREEMENT-DAILY-NEWS-11-08-2016 AND 12-08-2016

NITI Aayog ties up with US EIA to set up portal on energy data

National Institution for Transforming India (NITI) Aayog on 10 August 2016 signed agreement with United States (US) Energy Information Administration (EIA) to set up web portal on energy data. The web portal will host all the data related to energy sector including oil & gas, coal, solar & thermal energy etc. NITI Aayog, a think tank of Union Government, is working to develop India's energy data agency which will take

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