Current Affairs of 10 June 2015

1. Sharad Pawar re-elected as NCP President
Maratha strongman Sharad Pawar was today unanimously re-elected as the president of Nationalist Congress Party (NCP), a post he has occupied since he founded the party in 1999 after parting ways with Congress.
74-year-old Pawar’s re-election was declared by NCP General Secretary T.P. Peetambhar Master at the party’s sixth national convention, where Pawar’s nephew and NCP legislature party leader Ajit Pawar was conspicuous by his absence.
Pawar, who is also a former Union Minister, said his party’s aim was to protect the interests and work for welfare of youth, women, minorities and the backward classes.

2. Shah Rukh Khan acquired CPL T20 team Trinidad & Tobago
Kolkata Knight Riders (KKR) co-owner Shah Rukh Khan acquired Carribean Premier League (CPL) T20 team Trinidad & Tobago (T&T).
Shah Rukh Khan is the first owner of an Indian Premier League team to own an overseas cricket franchise. Khan's company Red Chillies Entertainment Pvt Ltd along with KKR co-owners Juhi Chawla and her husband Jay Mehta invested in the T&T franchise.
Hollywood stars Mark Wahlberg and Gerard Butler already own CPL franchises. Wahlberg owns reigning champions Barbados Tridents, led by Kieron Pollard, while Butler owns Jamaica Tallawahs, captained by Chris Gayle.
The next edition of the tournament is scheduled to run from 20 June 2015 to 26 July 2015. KKR, IPL champions in 2012 and 2014, have been ranked the most valuable IPL team with a brand value of 86 million US dollar (over 500 crore rupees).

3. Dr. Srivari Chandrasekhar appointed as Director of CSIR-IICT
Dr. Srivari Chandrasekhar was appointed as the Director of Hyderabad-based CSIR-Institute of Chemical Technology (IICT). The appointment was made by the Prime Minister Narendra Modi, who is President of the CSIR (Council of Scientific and Industrial Research).
He is currently working as Chief Scientist at the IICT to which he was appointed in 2010.  He has made significant contributions in the field of organic chemistry, synthesis of active natural products and pharmaceutical products.
He has more than 250 publications under his name along with 5000 citations. He is also the fellow of all the three science academies of the country including National Academy of Sciences, Indian Academy of Sciences and Indian National Science Academy.

4. Bihar launched campaign Badh Chala Bihar to produce Bihar@2025 vision document
Bihar Chief Minister Nitish Kumar  launched a campaign called Badh Chala Bihar in Patna to collate ideas from the public to produce Bihar@2025. It is a vision document on state’s development between 2015 and 2025.
Features of the campaign
• Its purpose is to ensure public participation in policy making.
• It will elicit views of people; encourage them to tell about their issues, and what they want in health, electricity, education, employment and other sectors of development.
• It aims to reach out to four crore people residing in 40000 villages in the state, including 10000 government and civil society members over the next eight to 10 weeks.
• Views will also be sought from people hailing from nonresident Biharis, as well as from specialists in different fields.
• It is touted as world's largest campaign for participatory agenda through massive engagement of citizens.
• All the views and opinions collected as part of the campaign will be documented and included to prepare Bihar@2025.

5. RBI issued Draft Framework on Issuance of Rupee linked Bonds Overseas
The Reserve Bank of India (RBI)  issued Draft Framework on Issuance of Rupee linked Bonds Overseas.
It is intended to permit Indian corporate and International Financial Institutions (IFIs) to issue rupee-linked bonds overseas.
Key Features
• Indian corporates eligible to raise external commercial borrowings (ECBs) are permitted to issue Rupee linked bonds overseas.
• The corporates which, at present, are permitted to access ECB under the approval route will require prior permission of the RBI to issue such bonds and those coming under the automatic route can do so without prior permission.
• The bonds may be floated in any jurisdiction that is Financial Action Task Force (FATF) compliant.
• The subscription, coupon payments and redemption may be settled in foreign currency. The proceeds of the bonds can be parked as per the extant provisions on parking of ECB proceeds.
• Banks incorporated in India will not have access to these bonds in any manner whatsoever.

6. Indian Basketball Players Association launched in New Delhi
Indian Basketball Players Association (IBPA) started functioning with the official launch of it at Indian Medical Association, New Delhi.
The launching ceremony also saw the nomination of President and other members of the IBPA. Following is the organizational strucuture of IBPA:
President: Sajjan Singh Cheema (Arjuna Awardee)
General Secretary: Jayasankar Menon (Former Asian All Star Basketball player)
Treasurer: Ashok Sharma (National player and FIBA Commissioner)
Chairman: Abbas Moontaisar
Vice-Chairmen: Manmohan Singh and Suman Sharma
The IBPA is proposed to be incorporated as a society under the Societies Registration Act, 1860.

7. Indian Army carried out cross-border operation against militants in Myanmar
Special Forces of the Indian Army in coordination with the Air Force carried out surgical operations (cross-border operation) inside Myanmar to target militant groups.
In this one of the first-of-its-kind cross-border operation about 50 militants of groups namely NSCN (kiss) and KYKL were killed. They were hiding along the Nagaland-Myanmar and Manipur-Myanmar border
The move for such a surgical operation was taken after militant groups killed 18 jawans of 6 Dogra Regiment of Indian Army in an ambush in Chandel district of Manipur on 4 June 2015.
The operation was guided by specific and precise intelligence input. The strike was carried out inside Myanmar with the coordination of local authorities.

The preparedness and finesse of the operation could be gauged from the fact that Indian Army did not suffer any sort of casualty.

8. AMC launched USE and GET PAID scheme; Public Toilet Users to be paid 1 rupee
Ahmadabad Municipal Corporation (AMC) announced USE and GET PAID scheme, under which people will be paid one rupees for using public toilets. The announced scheme aims to eradicate the practice of open defecation and will help to keep the city clean.
The scheme was recently approved by the standing committee of the AMC. According to the health officer of AMC, every user will not be paid but the corporation will identify people who defecate in open and sensitise them to use public toilets. The scheme will be implemented in next few days.
AMC has turned around its previous scheme PAY and USE, under which people were supposed to pay for using the public toilets.
The scheme was launched after the corporation indentified 120 spots in the city where people used to defecate in the open. Now, these places will be provided with lavatory facilities.

9. 41st G7 summit held in Germany
G7 Summit 2015 was held at Schloss Elmau in Bavaria, Germany from . This was the 41st G7 summit and the theme for the summit was Think Ahead. Act Together.
The Summit focused on the global economy as well as on key issues regarding foreign, security, environment and development policy. Further, the UN conferences to be held in 2015 as well as the post-2015 agenda and the issues of sanctions against Russia were also discussed.
The G7 Summit 2015 deliberated on following issues
• Protection of the marine environment and resources and marine governance.
• Antibiotic resistance, neglected and poverty-related diseases and Ebola.
• Retail and supply chain standards.
• Empowerment of women by giving vocational training.
After the talks, the leaders of the G7 committed to raising a 100 billion US dollars fund through public and private sources to combat the rising global temperatures and agreed to implement international mechanisms to bolster global healthcare security by creating a financial instrument at the World Bank to react better to pandemics.

10. World Ocean Day 8 June -This year, the theme is Healthy oceans, healthy plane
This year, the theme is Healthy oceans, healthy plane
This year’s celebration of the World Oceans Day, which will feature “Healthy Oceans, Healthy Planet”, coincides with the first day of the 25th meeting of the States Parties to the 1982 UN Convention on the Law of the Sea.
World Oceans Day was first introduced in 1992 to raise awareness of the crucial role the sea plays as sources of food, oxygen and medicine.
It was officially recognized by the United Nations in 2008 and is observed on June 8 each year.

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