Important Current Affairs 30th June 2016

Cabinet Nod to 7th Pay Commission

1. The Union Cabinet has approved the recommendations made by the 7th pay commission.
2. The recommendations will be implemented from 1st Jan 2016.
3. The Union Cabinet has cleared 23.55 % hike in salary as recommended by the 7th Pay Commission.
4. The gratuity ceiling of govt employees doubled from Rs 10 lakh to 20 lakh.
5. The entry level salary for govt employees will be 18000 Rs against the existing 7000Rs.

SBI to Raise Over Rs 10000 Crore

1. SBI will raise long-term capital of up to $1.5 billion or over Rs 10,000 crore by issuing bonds in US dollar or other convertible currency.
2. The Executive Committee of the Central Board in its meeting has approved to raise long term funds up to $1,500 million.
3. The fund raising will take place through a public offer & or private placement during 2016-17.

Standard Chartered Rolls out ‘Touch ID’

1. Standard Chartered Bank has launched its ‘Touch ID’ innovation on its mobile banking platform, ‘SC Mobile’,
2. This feature gives the Bank’s customers option of using Touch ID as a replacement for type out their username &pwd to log onto the SC Mobile banking platform.
3. Customer can log in to their mobile banking app with a fingerprint verification system.
4. This feature will ensure better security.

BSE Gets Shareholders Nod for IPO

1. BSE’s shareholders have approval the proposed initial public offer (IPO) of the stock exchange through an offer for sale (OFS).
2. Approval of initial public offering of equity shares of BSE was passed unanimously.
3. A maximum of 30 per cent of BSE’s equity can be diluted through the OFS.
4. BSE (Bombay Stock Exchange) earlier this year had received Sebi’s approval to list on capital markets.

Suzuki Motors Appoints Toshihiro as CEO

1. Suzuki Motor Corp has appointed Toshihiro Suzuki, son of Chairman Osamu Suzuki, as its next chief executive(CEO).
2. The appointment comes after patriarch Osamu Suzuki declines the CEO position to take responsibility for the automaker’s use of incorrect testing methods.
3. Japan’s No. 4 automaker by sales had used wrong tests to calculate mileage for models going back to 2010.

Sangakkara Picks Dravid in All-Time XI

1. Former Sri Lankan cricket captain & batting legend, KumarSangakkara reveals his All-time XI.
2. Rahul Dravid was the lone Indian in the team selected by the former Sri Lankan skipper.
3. Sangakkara believes Dravid, will be the best to complement former Australian batsman Mathew Hayden in the opening slot.
4. The list in total has 4 Australian, 3 Lankan & lone spot for Indian,Pakistan, SA & WI players.

England Win ODI Series Against SL

1. Jason Roy century gives England a series-clinching six wicket win over Sri Lanka in the fourth one-day international at the Oval.
2. Roy made 162, the second-highest score by an England batsman in an ODI.
3. It led England to 308, their second-highest successful ODI chase.
4. Sri Lanka posted 305-5, a total increased by the Duckworth-Lewis method after Sri Lanka’s innings was interrupted by rain.

Elvis Guitarist Scotty Moore Dies

1. American pioneering rock guitarist Scotty Moore, who was a member of Elvis Presley’s original band has passed away.
2. He was the last survivor of Elvis’s original band.
3. He is credited with helping Elvis shape his musical sound &inspired generations of guitarists.
4. He was inducted in Rock & Roll Hall of Fame in 2000 &in 2015 he was placed at number 29 in Rolling Stone’s 100 greatest guitarists list.

Renowned Artist KG Subramanyan Dies

1. Renowned artist &Padma Vibhushan awardee KG Subramanyan has passed away.
2. In a career spanning over six decades, the multifaceted artist had been a painter, sculptor, muralist &print maker.
3. He was known for his outdoor murals terracotta works & also experimented with weaving,
4. He was awarded Padma Vibhushan in 2012, Padma Bhushan in 2006 &Padma Shri in 1975.

National Statistics Day Observed

1. The National Statistics Day is celebrated every year on June 29.
2. The day marks the birth anniversary of late Professor Prasanta Chandra Mahalanobis, the Father of Indian Statistics.
3. The objective of this Day is to create public awareness about the importance of statistics in  planning &policy formulation.
4. The 10th Statistics Day 2016 was celebrated on the theme Agriculture & Farmers’ Welfare.

India Gets its First Indigenous Torpedo

1. Indigenously developed heavyweight torpedo Varunastra was inducted in the Indian Navy.
2. India has joined a select group of 8 countries having the capability to design & develop heavyweight torpedoes.
3. The anti-submarine torpedo has been developed by Naval Science & Technological Laboratory of the DRDO.
4. The torpedo carries about 250 kg of explosives at a speed of around 40 nautical miles an hour.

Shops Can Now Remain Open 365 Days

1. The Model Shops & Establishment (Regulation of Employment & Condition of Services) Bill 2016 has been cleared by the Cabinet.
2. It allows shops,malls &cinema halls,among other establishments to run 24×7 throughout the year.
3. The law covers establishments employing 10 or more&provide freedom to operate 365 days with flexibility on timing to open & close.
4. The model law does not require Parliament approval.

Cabinet Nod Mineral Exploration Policy

1. The Cabinet has approved the National Mineral Exploration Policy (NMEP) .
2. After the policy is approved,the govt can auction 100 blocks that have been identified for exploration.
3. One of the important features is attractive provisions for private investment in the exploration sector.
4. NMEP has proposed that private entities engaged in exploration would get a certain share after auction of the block.

V Sasi Elected Kerala Deputy Speaker

1. CPI’s V Sasi was elected Deputy Speaker of the 14th Kerala Assembly.
2. While Sasi polled 90 votes, Opposition UDF candidate I C Balakrishnan garnered 45 votes in the voting.
3. Speaker P Sreeramakrishnan did not exercise his franchise.
4. Sasi is the two-time MLA from Chirayankeezhu constituency in the Assembly & was earlier a member of the Travancore Devaswom Board.

Nand Kishore Appointed Dy CAG

1. Senior bureaucrat Nand Kishore was today appointed as Deputy Comptroller and Auditor General (CAG).
2. He is a 1981 batch officer of Indian Audit and Account Service.
3. He is presently Additional Deputy Comptroller and Auditor General.
4. CAG is empower to audit all expenses from the combine Fund of the union or state governments, whether incurred within India or outside.

JNU Vice Chancellor Appointed to UGC

1. The Centre has appointed JNU vice-chancellor M Jagadesh Kumar as member of the University Grants Commission (UGC).
2. He has appointed for a period of 3 years following the completion of D N Reddy’s term.
3. He was a professor at IIT-Delhi before he took over as the VC of JNU
4. The UGC is a statutory organization established for the coordination& maintenance of standards of university education.

EESL Signs MoU with TERI

1. Energy Efficiency Services Limited (EESL) entered into a strategic partnership with The Energy & Resources Institute (TERI) for two years.
2. As per MoU, both organizations have decided to work jointly for the achievement of common goals & objectives related to energy efficiency.
3. The MoU was signed in the presence of Union Minister of Power, Coal & New & Renewable Energy Shri Piyush Goyal.

India Test-Fires Surface-to-Air Missile

1. India has successfully test-fires new surface-to-air missile Barak-8 from defence base off Odisha coast.
2. The missile was developed jointly with Israel.
3. The missile is designed to defend any type of airborne threat including aircraft & helicopters,
4. The system includes a Multi Functional Surveillance& Threat Alert Radar (MF STAR) for detection, tracking & guidance of the missile.

India up 19 Rank in Logistic Performance

1. India has jumped 19 places in the latest World Bank ranking in the global logistics performance.
2. The World Bank in its latest once in two-year Logistics Performance Index (LPI) ranked India 35th as against the 54th spot it occupied in the previous 2014.
3. Germany tops the ranking, followed by Luxembourg & Sweden.
4. Logistics organises the movement of goods through a network of activities & services

Rodrigo Sworn in Philippines President

1. Rodrigo Duterte has been sworn in as the 16th president of the Philippines.
2. He won last month’s presidential elections in a landslide election victory .
3. Nicknamed “The Punisher, he was former mayor of Davao City & is credited with a dramatic reduction in crime in Davao.
4. He has promised to end corruption and spread wealth around the country.