Current Affairs of 16 December 2015

Daily Current Affairs contains all major news that occurs National and International Level.It will helpful for those students who are preparing for Bank Exams- IBPS/SBI/PO/Clerk exam , SSC Exams and all other competitive exams .

Current Affairs of 8 December 2015

Dear Banking and SSC Aspirants keep reading Daily Current Affairs for upcoming Exams

1. Arun Kumar Jain appointed Central Board of Direct Taxes Chairman
1. Senior revenue service officer Arun Kumar Jain  was appointed Chairman of Central Board of Direct Taxes (CBDT).
2. The appointment of Jain as the CBDT chairman was also approved by the Appointments Committee of the Cabinet.
Jain will have short tenure of two months, till January 2016.

2. PAN mandatory for all transactions over ₹2 lakh from New Year
1. Finance Minister Arun Jaitley said that to counter domestic black money, the Centre will make it mandatory to furnish PAN (Permanent Account Number) for cash dealings above ₹2 lakh.
2. In Budget 2015-16, Jaitley had proposed making PAN mandatory for all transactions over ₹1 lakh, but Adhia said it has been revised upwards to “give some breathing time to people” based on discussions with stakeholders.
3. Opening of demat accounts, buying shares of listed companies which are worth more than ₹1 lakh, or purchasing debentures, RBI bonds, life insurance policies, and mutual funds of over ₹50,000 will also require PAN.

3. World Bank okays $1.5 bn to support Clean India campaign
1. The World Bank has approved a $1.5 billion loan for the Swachh Bharat Mission (SBM) Support Operation Project to support the Government of India in its efforts to ensure all citizens in rural areas have access to improved sanitation – such as a toilet or latrine with a focus on changing behaviours – in ending the practice of open defecation by 2019.
2. Specifically, this project will support the rural component, known as SBM – Gramin (SBM-G), over a five-year period using a new performance-based program which links funds directly to results, ensuring that benefits are delivered to the people in need – more than 60 per cent of India’s rural population
3. The World Bank will also provide a parallel $25 million technical assistance to build the capacity of select state governments in implementing community-led behavioral change programs targeting social norms to help ensure widespread usage of toilets by rural households.

4. Rory McIlroy bagged European Tour Golfer of the Year award
1. Rory McIlroy  was named the European Tour Golfer of the Year. He received the award for the third time in four years.
McIlroy bagged the European Tour Golfer of the Year award after a panel consisting of members of the golfing media unanimously voted for him as the 2015 winner.
2. Previously, McIlroy was named the European Tour Golfer of the Year in 2014 and 2012.

5. Snapdeal launched mobile website in Hindi, Telugu
1. Online marketplace launched its mobile website in Hindi and Telugu language. With this platform, Snapdeal will now cater to 270 million users in India.

2. The multilingual platform will be made available to users on the mobile website only. This platform goes hand in hand with Snaplite platform, which allows users to access the mobile website in areas where internet connectivity is poor. Snaplite is Snapdeal’s website for mobile browser.

6. IAEA ends 12 year Iran Nuclear Weapon probe
1. International Atomic Energy Agency (IAEA) has ended its 12-year investigation into concerns that Iran might be developing nuclear weapons. In this regard, IAEA Board of Governors have passed a resolution ending its long-running inquiry against Ian but allowing inspectors to continue to police the country’s nuclear programme. 
2. Earlier IAEA has concluded that Iran had conducted nuclear weapons-related research until 2003 and to a lesser extent until 2009, but found no evidence was found. The move is seen as a key step towards lifting UN, EU and US sanctions and a symbolic victory for Iran. Earlier in July 2015, P5+1 nations and Iran had agreed Joint Comprehensive Plan of Action (JCPOA) to lift the sanctions.

7. Combined Commanders Conference held on INS Vikramaditya off Kochi coast
1. Combined Commanders Conference, an annual tri-services event chaired by Prime Minister Narendra Modi was held on board INS Vikramaditya about 50 kms off Kochi coast. 
2. This is the first time when the conference was held outside New Delhi. It was attended by Union Defence Minister Manohar Parrikar, National Security Advisor (NSA) Ajit Doval, all three services chiefs and other senior officers of three armed services.

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