Here is the 26th June 2015 Latest Current Affairs of Bank Jobs

National Affairs:

RBI extends deadline for exchange of currency notes before 2005 to December 2015

  • The Reserve Bank of India (RBI) has extended the date to exchange banknotes before 2005 to 31 December 2015 for the third time.
  • RBI had fixed the deadline for the public to exchange these notes on June 30, 2015. RBI has urged people to drop the old design notes in bank accounts or exchange them at a branch of the bank.
  • Notes prior to 2005 have fewer security features than in 2005 and post-2005 currency notes. It will also remove counterfeit currency notes in circulation which were pumped into the Indian economy were copies of pre-2005 notes.
  • The ripple effect of the decision of the RBI will be to flush out black money. Money has value only insofar as it is a medium of exchange and store of value.
  • A deterrent for cash hoarders – With the announcement of the RBI, currency speculators will be left with no choice but to liquidate their assets by unrecorded expenses or exchange.

International Affairs

Exim Bank lends $ 268 million to Tanzania to extend water pipeline

  • Export-Import (Exim) Bank granted a credit line of $ 268,350,000 in Tanzania to finance the extension of the Lake Victoria pipeline.
  • With this agreement, Exim Bank now has in place 198 LDC, covering 63 countries in Africa, Asia, Latin America, Europe, Oceania and the CIS, with credit commitments of over $ 12.10 billion dollars available for financing exports from India.
  • To date, the Bank has sanctioned a total of $ 2.33 billion for 19 projects worth $ 3.75 billion as part of the BC-NEIA.

Ink pacts India, US to strengthen cooperation in the health sector

  • India and the United States signed a series of agreements on health in order to strengthen cooperation in the health sector. The many areas covered by this agreement include cancer research, the development of the medical infrastructure and the application of new diagnostic technologies.
  • MoU on cancer research, monitoring, prevention and management: develop collaborative research projects on cancer control and population-based science of implementation.
  • Understanding on cooperation in environmental, health and injury prevention: to strengthen cooperation in the fields of environmental and occupational health and injury prevention and control research.
  • Place the antimicrobial resistance mechanism that also includes applications of systems biology.

Ericsson appoints Paolo Colella as new head of the India region

  • Ericsson has announced the appointment of Paolo Colella as new head of the India region. In this new role, Paolo will also take a seat on the Ericsson Global Leadership Team, reporting to the president of the region of India and Vice President Asia Pacific, Mats H Olsson.
  • Chris has successfully Ericsson’s activities in India during his two-year stay in the country and allowed India to develop operations in the largest employee base for Ericsson worldwide.
  • Paolo Colella, who assumes his new role on 1 September 2015 was responsible for the consulting practice and Ericsson systems integration globally for about six years.

Union Government exempts green nod of educational institutions before

  • Union government has exempted manufacturers to obtain eye blink green prior to the construction of universities, schools, colleges and hostel facilities.
  • In this regard, the Union Ministry of Environment, Forests and Climate Change (MoEFCC) issued a circular to exempt green sign for the educational institutions provided they should follow sustainable environmental practices construction.
  • In addition, the MoEFCC education institutions has exempted manufacturers from obtaining green nod ahead to the construction of industrial sheds. It also provides warehouses and buildings that are connected to related production and other related activities of the unit in the same premise.
  • MoEFCC in this circular had specified that clearance before the environment is absolutely necessary for the construction of universities and medical institutions with hospital facilities.

Mobile tower set up at 16,000 feet in Ladakh

  • The state-run BSNL, with the help of the army, now operationalized a mobile tower at an altitude of 16,000 feet in the eastern region of Ladakh of Jammu and Kashmir.
  • The mobile tower Chongtash was established with the help of flaggers Trishul Indian army in terms of transportation, installation and connectivity backward.

NCR to have a second airport; Aviation ministry is Jewar first choice

  • The Ministry of Civil Aviation on Thursday took a decision in principle to have a second airport in the National Capital Region (NCR). Among the likely sites of the airport, the ministry focused on Jewar, without losing sight of the fact that the availability of land is a big problem.
  • On the choice of having an airport in Firozabad UP government, the minister said that the purpose of a second airport, near Delhi would be defeated if an airport is in Firozabad.
  • With the population of the NCR (National Capital Region) 8 crore, covering Delhi, Gurgaon, Faridabad and Meerut in western Uttar Pradesh, using a single airport, there is an urgent need for a second airport.


Satnam Singh Bhamara: All about first NBA player from India

  • Satnam Singh Bhamara, the first Indian-born player to be drafted in the NBA League, was introduced to basketball by his father, who is a farmer.
  • Chosen by the Dallas Mavericks in the NBA Draft 2015, Singh made history. But there is a long way to go.
  • Born in Ballo Ke, a village in Punjab where there is no basketball courts and no cable television, he started playing the game at an early age. At age 12, he was sent to the Academy of Basketball Ludhiana funded by the Government, where he spent two years studying away from home and training and improve their basketball skills -Ball.
  • In 2010, at age 14, Singh was one of 29 Indian athletes in three sports who moved to the United States to form the renowned IMG Academy in Bradenton, Florida, as part of a new program scholarships to promote, develop and manage sports and entertainment in India.

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