Daily Current Affairs- 16 July 2016

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

1. Nalanda Mahavihara enters UNESCO’s World Heritage Site list

1. The ruins of ancient Nalanda Mahavihara (also known as old Nalanda University) of Bihar has been included in the Tentative List of UNESCO’s World Heritage Site. Nalanda Mahavihara ruins comprise the archaeological remains of monastic-cum-scholastic from the 5th century BC to the 13th century AD. It located near Patna, state capital of Bihar.
2. Nalanda Mahavihara was founded by Kumargupta I of the Gupta dynasty in 5th century CE. It was the earliest planned university of the Indian subcontinent. It was patronized by various rulers including King Harshavardhana of Kannauj (7th century CE) and the Pala rulers (8th to 12th century CE) as well as various scholars. Nalanda was considered as a rare combination of outstanding achievements in institution-building, site-planning, art and architecture.

2. Madhya Pradesh becomes first state to approve setting up of Happiness Department

1. Madhya Pradesh Cabinet on 15 July 2016 gave its nod to set up Happiness Department in the state. The department will work as knowledge resource centre on the subject of happiness.
With this approval, Madhya Pradesh became the first state of the country to set up such a Department.
2. Apart from the department, the cabinet also decided to establish a state Happiness Institute under the Happiness Department. Initially it will have a budget of three crore 60 lakh rupees.

3. Who Moved My Interest Rate? authored by Duvvuri Subbarao

1. A book titled Who Moved My Interest Rate? authored by Duvvuri Subbarao, the former Governor of Reserve Bank of India (RBI), will be released on 27 July 2016.
2. The book gives an account of the dilemmas Subbarao confronted while leading the Reserve Bank through the extraordinary economic and political challenges India and world faced from 2008 to 2013.
3. The book is a chronicle of Subbarao’s attempts to demystify the RBI and explain to the public its impact on their everyday lives.
Subbarao’s term as the Governor of the RBI from 2008 to 2013 saw a turbulent period for the world and for India. The global financial crisis erupted within a week of his assuming office.

4. Courage & Commitment authored by Margaret Alva

1. A book titled Courage & Commitment: An Autobiography by Margaret Alva was in news in the second week of July 2016.
Via this book, Alva narrates her forty-year career under four Prime Ministers, namely Indira Gandhi, Rajiv Gandhi, PV Narasimha Rao and Manmohan Singh. It also tells about her transition from politician to Governor.
2. In the book, the Alva narrates her trials and triumphs and controversies that rocked her career as a politician leading to expulsion from Congress Party in 1979. She provides details of her spats with Sanjay Gandhi, her role in framing Rajiv Gandhi’s last campaign tour and her involvement with the Jain Hawala investigation when in charge of the CBI.

5. World Youth Skills Day 2016 observed globally

1. The World Youth Skills Day (WYSD) was on 15 July 2016 observed globally with the theme Skills Development to Improve Youth Employment.
2. On the occasion, United Nations organised the event facilitated by the UN Envoy on Youth Ahmad Alhendawi. The event was co-organized with the Permanent Missions of Portugal and Sri Lanka to the United Nations, UNESCO and the International Labour Organization (ILO).

6. Lifeline Express: World’s first hospital on a train completes 25 years of service

1. The Lifeline Express, the world’s first hospital on a train of Indian Railways has completed 25 years of service to the poor and underprivileged masses of rural India. To mark the occasion and celebrate the success of the train a function was held in Mumbai, Maharashtra.
2. The Lifeline Express is also known as the Magic Train of India. It was launched on 16 July 1991. The Lifeline Express has the distinction of being the first ever hospital-on-rails in the world.

7. Tata Advanced Systems signs deal with Bell Helicopter

1. Tata Advanced Systems Ltd (TASL) and US-based Bell Helicopter have signed a deal to jointly develop the helicopter market in India. The agreement seeks to support of India’s aviation and defence modernization initiatives with an emphasis on ‘Make in India’. 
2. Under this agreement Both companies will jointly develop the helicopter market in India, including potential production and assembly, training, maintenance, repair and overhaul (MRO). They will also undertake research and development (R&D) and technology sharing. They will develop both commercial and government (including military) rotary wing markets in India.