Current Affairs 25th February 2016

Current Affairs 25th February 2016

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Justice Subhro Kamal Mukherjee confirmed as Chief Justice of Karnataka High Court

• Justice Subhro Kamal Mukherjee has confirmed as the 28th Chief Justice of the High Court of Karnataka.
• He was controlled pledge to the workplace according to procurement of Article 219 of Constitution by the Governor Vajubhai R. Vala in a function held at the Raj Bhavan, Bengaluru.
• Preceding this arrangement, he was directing as Acting Chief Justice of High Court of Karnataka since June 2015.

Union Cabinet supports foundation of Atal Innovation Mission and SETU in NITI Aayog

• The Union Cabinet as given its endorsement for foundation of Atal Innovation Mission (AIM) and Self Employment and Talent Utilization (SETU) in NITI Aayog.
• This move tries to give generous support to the development biological system and to catalyze the entrepreneurial soul in the nation.

Union Cabinet endorses $150 million Credit for Chabahar Port Development

• The Union Cabinet has affirmed 150 million dollars credit for Development of the deliberately critical Chabahar Port in Iran. In such manner, the Union Ministry of Shipping had sent the proposition for procurement and operationalization of credit from EXIM Bank.
• Union Cabinet likewise has approved Union Ministers of Finance, Shipping and External Affairs to favor the last contract with Iran and for determination of any issue emerging in execution of the undertaking.
• Union Ministry of Shipping to frame a Company in Iran for executing the Chabahar Port Development Project and related exercises.

Union Cabinet offers gesture to incentivise cashless exchanges

• The Union Cabinet has given its endorsement for presentation of ventures for advancement of cashless installments (exchanges) through cards and computerized implies. In such manner, different short and medium term measures have been endorsed for execution by the Government Departments, Ministries and Organizations.
• The fundamental component of the affirmed proposition incorporate Steps for withdrawal of additional charge, administration charge, accommodation expense on advanced installments or card forced at present by different Government associations.
• Presentation of fitting acknowledgment base for cashless installments in Government associations. Defense of the dealer markdown rate (MDR) on telecom administration charges and card exchanges for advanced money related exchanges to advance versatile saving money.

Union Cabinet offers gesture to India-Maldives twofold tax collection Agreement on carriers

• The Union Cabinet has given its endorsement for consenting to of an Arrangement in the middle of India and Maldives for the shirking of twofold tax assessment of salary from universal air transport.
• This assention gives help from twofold tax assessment to carrier ventures working between the two nations.

Yes Bank wins inaugural Green Bond Award in UK

• India’s driving private moneylender Yes Bank has been honored inaugural Green Bond Pioneer Award at a function held in London, United Kingdom.
• Yes Bank was gave with this honor in acknowledgment for its spearheading activities in the Green Bonds market including effective issuance of India’s first ever Green Infrastructure Bonds. Y
• es Bank Green Bond Initiatives Yes Bank was the primary Indian Bank to issue Green Infrastructure Bonds (GIBs) in India.
• It had issued India’s first-ever GIBs worth 1,000 crore rupees in 2015. Continues from these green securities will be utilized to subsidize Renewable Energy ventures including sunlight based power and wind power ventures Yes Bank alongside International Finance Corporation (IFC) additionally had opened exchanging of the world’s first Green Masala Bond worth 3.15 billion rupees recorded on the London Stock Exchange.

RBI amplifies Currency Swap Arrangement with SAARC countries

• The Reserve Bank of India (RBI) has stretched out money swap game plan to South Asian Association for Regional Cooperation (SAARC) countries till mid-November 2017. Each of the 7 SAARC part nations including Bangladesh, Nepal, Maldives, Afghanistan, Bhutan, Pakistan and Sri Lanka can profit the office.
• Under the course of action, RBI will be putting forth swap game plan up to a general measure of US 2 billion dollars both in remote cash and Indian rupee.
• This move of RBI goes for upgrading monetary participation and reinforcing money related dependability among the SAARC nations.
• CCEA treks MSP of crude jute from Rs 2,700 to 3,200 for every quintal
• The Cabinet Committee on Economic Affairs has trekked Minimum Support Price (MSP) of crude jute from 2,700 to 3,200 rupees for every quintal. Choice in such manner was taken amid CCEA meeting headed by Prime Minister Narendra Modi in New Delhi.
• The scale has been done for the year 2016-17 to support creation. The MSP was climbed by CCEA in view of the proposition sent by Union Agriculture Ministry had all together build the crude jute development which has been declining lately.
• In 2015-16, the zone under crude jute has decreased to 7.5 lakh hectare from minimal more than 8 lakh hectare in year 2016-17. Jute cultivating is giving job to more than 40 lakh ranchers in West Bengal, Assam, Odessa, and eastern Bihar.

GVK Bio honored Global CSR Excellence and Leadership Award

• Hyderabad-based GVK Biosciences (GVK BIO) has been honored prestigious Global CSR Excellence and Leadership Award. The organization was presented with this grant in the class of Best Environment Friendly Project for its aggressive Go Green, Grow Green manor drive under its Corporate Social Responsibility (CSR) activity.
• Under the uber manor drive, GVK BIO had planted more than 1400 saplings of Pongamiapinnata, Peltophorumferrugunium and Azadirachtaindicain in its Nacharam and Mallapur grounds. For watering and soil support of these saplings, organization likewise has tied up with the GHMC.