Daily Current Affairs- 15-16th August 2016

Dear Readers, we are providing Today's important current affairs of Competitive Exams specially for Bank and SSC

 Daily Current Affairs

Daily Current Affairs- 15-16th August 2016

1. China launches World's first Quantum Communication Satellite
1. China launched the world's first quantum satellite named Quantum Experiments at Space Scaler (QUESS) satellite. The satellite was launched from the Jiuquan Satellite Launch Centre in the remote northwestern province of Gansu.
2. The satellite will help establish hack-proof communications between space and the ground.
3. Highlights of the Quantum Experiments at Space Scaler (QUESS) satellite
• It is nicknamed Micius, after a 5th century BC Chinese philosopher and scientist who has been credited as the first one in human history conducting optical experiments.
• It is designed to establish hack-proof quantum communications by transmitting uncrackable keys from space to the ground.
• It will enable secure communications between Beijing and Urumqi, the capital of China's violence-prone far western region of Xinjiang.
• It will circle the Earth once every 90 minutes after it enters a sun-synchronous orbit at an altitude of 500 km.

2. India’s first facility to produce nickel launched by HCL in Jharkhand
1. India’s first facility to produce nickel was launched by the Hindustan Copper Limited (HCL) at its Indian Copper Complex (ICC) at Ghatshila in Jharkhand. The new facility “Nickel, Copper and Acid Recovery Plant” will be first facility in India to produce nickel metal of London Metal Exchange (LME) grade from primary resource.
2. Initially, the capacity of the plant is poised to be 50 tonnes per annum, given the current production rate from the Surda mines. However, the nickel output will be increased nearly eight times after the completion of mine expansion projects located at Ghatsila. The plant will utilize eco-friendly technology and help check pollution and also eliminate use of lead, reduce liquid effluents and cut down solid waste by 75%.

3. Andy Murray of Great Britain won gold in Rio 2016 Olympic Games
1. Andy Murray of Great Britain won the gold medal in men’s singles tennis category in Rio 2016 Olympic Games.
2. To win the title, he defeated Argentina's Juan Martin Del Potro 7-5 4-6 6-2 7-5 in the final match held at the Olympic Tennis Centre in Rio de Janeiro, Brazil.
3. With the win, he retained the medal and became the first player to win two men's singles tennis gold medals in Olympics.
For him, it was also the 18th straight victory following his second Wimbledon title in July 2016.
4. For Del Potro, the silver medal winner, it was his second Olympic medal after a bronze at the 2012 London Games.

4. India’s first Nuclear Suppliers’ Insurance Policy unveiled by INIP
1. The India Nuclear Insurance Pool (INIP) on 12 August 2016 unveiled India’s first Nuclear Suppliers’ Insurance Policy.
2. New India Assurance Company Limited and INIP will issue the policy and administer the claims on behalf of the pool.
3. The INIP has become the 27th such insurance pool in the world as countries such as France, Russia, South Africa and the U.S. have put in place such similar risk transfer mechanisms.

4. Features of India Nuclear Insurance Pool (INIP)
• It will cover the risks of liability of nuclear operators and suppliers under Section 6(2) and Section 17 of the Civil Liability for Nuclear Damages (CLND) Act, 2010 respectively.
• It provides three types of policies viz., tier 1 policy for operators, tier 2 policy for turn key suppliers and tier 3 policy for suppliers other than turn key suppliers.
• The pricing of premiums will depend on factors such as risk probability, possible severity of damage and exposure to people and property around nuclear installations.
• It will be administered by the General Insurance Corporation of India (GIC Re), the sole reinsurance company in the Indian insurance market.
• Out of the total fund amount of 1500 crore rupees the GIC Re and other four Public Sector Undertakings (PSUs) including New India, Oriental Insurance, National Insurance and United India Insurance invested 750 crore rupees. The British Nuclear Insurance Pool has also invested 500 crore rupees in the pool.

5. First National Conference of Investigating Agencies concludes in New Delhi
1. The first National Conference of Investigating Agencies was held from August 12 to 13, 2016 at Vigyan Bhawan in New Delhi. The two-day conference was inaugurated by the Union Home Minister Rajnath Singh. 
2. The conference was attended by more than 100 delegates from States/UTs/Central Police Organisations. 
3. The conference was organized by the Bureau of Police Research and Development (BPR&D) in coordination with National Investigation Agency (NIA). The purpose of the first of its kind conference was to provide an annual national platform to all the officers of law enforcement agencies engaged in investigation tasks.

6. UBI launches USSD based mobile app for basic banking needs with NPCI
1. The Union Bank of India (UBI) has launch an Unstructured Supplementary Service Data (USSD) based *99# mobile application for their customers for basic banking needs. It was launched in partnership with National Payments Corporation of India (NPCI), the umbrella organisation for all retail payments system in the country.
2. *99# mobile application can be downloaded in an android smartphone from the Google Play Store by the bank customers. It can be used even without any internet connection as it does not require any data and is available in 10 languages. It provides basic banking facilities like checking account balance, sending money, Mobile PIN (MPIN) management.

7. India’s first BIO-CNG plant inaugurated in Pune
1. India’s first ever BIO-CNG plant producing CNG (Compressed Natural Gas) from agricultural residue was inaugurated in Pune, Maharashtra. It was jointly inaugurated by Union Minister of Transport Nitin Gadkari and Union Defence Minister Manohar Parrikar.
2. The plant was commissioned by Pune-based Primove Engineering Private Limited. It has been set up as a Proof of Concept (PoC) which can be replicated elsewhere. It uses special bacterial solution for treating agricultural waste in the process of generation of CNG. The gas generated is cleaned and compressed for use in vehicles.

8. Manjula Chellur appointed as Chief Justice of the Bombay High Court
1. Justice Manjula Chellur has been selected as the new Chief Justice of the Bombay High Court. Currently, she is the Chief Justice of Calcutta High Court. She will succeed CJ Dhirendra Hiralal Waghela who retires on August 24, 2016. She will be second woman Chief Justice of the Bombay HC, after Sujata Manohar in 1994.
2. Justice Manjula Chellur was born on December 5, 1955 in Karnataka. She was the first woman advocate to practice in Bellary district and later in 1988 became a district judge.

9. Eminent Tamil Lyricist Na Muthukumar passes away
1. Eminent poet and lyricist Na Muthukumar passed away in Chennai, Tamil Nadu following an illness. He was 41. 
2. He was known for his critically acclaimed literary work and Tamil film songs. He also had won two national awards.