Tuesday, 8 March 2016

CURRENT AFFAIRS 8TH MARCH 2016



                            
                                ***NATIONAL***
1. The Sex ratio has come down in Gujarat placing it at 22nd rank in the Nation

The Sex ratio in Gujarat has fallen significantly from 920 in 2001 to 919 in 2011.It is a
fall against the overall 10 points increase in the average of sex ratio of the Nation.
  The socio-economic review presented  in the state assembly revealed that the
sex ratio of Gujarat was 919 against the National sex ratio which is 943
  With 919 females for every 1000 males, Gujarat ranked 22nd among 28 states
as per the 2011 Census
Gujarat
  Capital: Gandhi nagar
  CM: Anandi Ben Patel
  Governor: Om Prakash Kohli
  State Bird: Greater  Flamingo
2. Mumbai to host BRICS Friendship Cities Conclave in April
The  financial  capital  of  India  to  host  BRICS  Friendship  Cities  Conclave  in  April
involving top Urban Policy makers and Planners from BRICS Nations.
  The BRICS Friendship Conclave is a joint initiative of Ministry of External
Affairs and Maharashtra Government to be held between April 14 and 16 this
year.
BRICS 
  Brazil, Russia, India, China, South Africa
  7
th
 BRICS summit held at UFA in Russia 
  India will host the 8
th
 summit this year.
                         ****BUSINESS****

3. Third phase of Gyan Sangam to focus on consolidation of banks 

The government told that it has started the second edition of Gyan Sangam and in the
third phase of Gyan sangam it has planned to focus on Consolidation of banks.
  Gyan Sangam is a retreat for banks and financial Institutions. It was held for
the first time last year.
4. Oil Ministry laid out the foundation stone of Octomax unit at Mathura
Union Minister Dharmendra Pradhan laid out the foundation stone for Octomax unit
in the oil refinery at Mathura.
  Octomax unit is the country’s first high octane gasoline production unit
  It is a part of the oil refinery at Mathura
5. Axis bank better placed than ICICI and other PSU Banks
Nomura  reports  reveal  that  Axis  bank  is  better  placed  than  ICICI  and  other
public sector bank in terms of corporate book profitability.
  Global financial services firm Nomura said that the third largest private
sector  bank  in  India-Axis  bank  is  better  placed  than  ICICI  and  other
PSU’s in terms of corporate book profitability
Axis Bank
  ESTD: 1990 (Initially as UTI Bank)
  Headquarter: Mumbai
  MD & CEO: Shikha Sharma
Nomura
  ESTD: 1925
  Headquarter: Tokyo
  CEO: Koji Nagai
6. Freecharge Partners With Mexico-Based Movie Theatre Chain Cinepolis
To  provide  secure  and  easy  digital  payments,  Freecharge  has  partnered  with
Mexico based movie theatre chain Cinepolis.
  Cinepolis claims to be world’s fourth largest chain of movie theatre.
  Free Charge is the first digital wallet partner for Cinepolis
Freecharge: 
  ESTD: 2010 

  Headquarter: Mumbai
  Owner: Snapdeal
7. Thomas Cook India inks pact with Western Union, DCB Bank
Travel  Solutions  giant  Thomas  cook  India  has  signed  pact  with  Western  Union
Business Solutions and DCB bank to enable international trade payments by small
and medium sized enterprises.
  This  Pact  by  the  Thomas  cook  to  penetrate  the  high  growth  Indian  SME
sector for its international trade payment needs.
Thomas Cook:
  ESTD: 2007
  Headquarter: Peterborough 
  CEO: Peter Fankhauser
Western Union
  ESTD: 1851
  Headquarter: Meridian, US
  CEO: Hikmet Ersek
DCB Bank
  ESTD: 1930
  Headquarter: Mumbai
  MD & CEO: Murali Natarajan
8. 27 Government Banks May Be Merged Into Just 6
Finance Minister of India  Mr. Arun Jaitley has indicated that the Government may
merge 27 public sector banks into just six. 
  Because  PSB  is  working  under  pressure  to  tackle  their  dismal  bad  loan
scenario and consolidation is the way forward to handle this situation. This
has been said in the recently held Gyan Sangam in Gurgaon. 
9. Tata Housing ties up with SBI for Women's Day offer
Real estate developer Tata Housing has partnered with the country's largest lender,
State Bank of India, on the occasion of the International Women's Day. 

  Tata Housing will allow its women customers to pay only 20 per cent of the agreement value while the
balance can be paid on taking possession of the property, a company statement said here today.
  On its part, SBI will be offering home loans to its women customers at a special interest rate of 9.5 per
cent per annum under the SBI Her Ghar scheme as part of the International Women's Day, which will
be celebrated between March 8 and March 13, it said.
  Moreover, the SBI has waived processing fees on the home loan under the scheme, it added.
10. Investors' summit Begins in Gurgaon 
The first two-day 'Happening Haryana Global Investors Summit 2016' has kicked
off in Gurgaon, which has see participation from 12 countries.
  Besides several Union Ministers, a number of leading entrepreneurs and
MNCs have taken part.
  The  summit  comes  close  on  the  heels  of  the  Jat  quota  agitation  in
Haryana,  in  which  30  people  were  killed  and  property  worth  crores  of
rupees was destroyed.
  The  participating  countries  are  Czech-Republic,  Japan,  Mauritius,  New  Zealand,  China,  Korea,
Malawi, Peru, Poland, Spain, the United Kingdom and Tunisia.
  Finance Minister ArunJaitley is the chief guest at the inaugural session while Khattar has delivered the
keynote address.
                         ***DEATHS***

11. American Actress Nancy Reagan died at 94
Nancy Davis Reagan, the veteran American actress and the former First lady of US
died at the age of 94 following a cardiac arrest.
  
  She was an American actress and the wife of the 40th President of the United

States, Ronald Reagan.

Vocabulary Of The Day(MARCH 8th Hindu Editorial)

TOPIC-1:Time to deliver on Women’s Bill.
            By clockwork precision, talk about the Women’s Reservation Bill has duly floated in ahead of March 8, International Women’s Day. President Pranab Mukherjee and Vice-President Hamid Ansari have called for reviving the Constitution (108th) Amendment Bill to reserve for women one-third of seats in Parliament and the State legislatures. Prime Minister Narendra Modi has been less forthcoming in revealing whether his government has any plans to pilot the Bill through the Lok Sabha. This is particularly disappointing. The Bill was passed in the Rajya Sabha in March 2010 amid obstructive theatrics from parties such as the Rashtriya Janata Dal and the Samajwadi Party, but also with an unusual level of cooperation among the national parties, especially the Congress, which was leading the United Progressive Alliance government, and the Bharatiya Janata Party. Thereafter they could not — or would not — overcome similar odds in the Lok Sabha to deliver on their stated support for the Bill. Six years on, Mr. Modi’s BJP commands a clear majority in the Lok Sabha. It is therefore in a position not only to get the Bill passed by mopping up the support of just a few more MPs, but also to force the Congress and the Left into reaching out across the aisle in a polarised Parliament to affirm fidelity to a long-voiced promise. Every session of Parliament must serve as a reminder that the real stumbling block to the Bill has not been political from parties opposed to it, but essentially patriarchal within the very same parties that have affirmed support to it.
Also read: Women's Reservation Bill: The story so far
            In the two decades since it was first presented in Parliament, different governments have tried clearing it but faced tremendous opposition, often accompanied by manhandling and name-calling. It is obvious that despite the pretty speeches and public posturing, the political space in the country, regardless of the ideological divide, is uniformly and strongly chauvinistic. Opposition to the Bill has often taken the form of a demand for the proposed quota to be diced along other parameters of disadvantage, such as caste and class. Additionally, resistance has been rationalised as a caution that women’s quota would be appropriated by relatives and proxies of powerful politicians, neatly ignoring the fact that such a reality could well obtain with regard to male legislators too. Women need to overcome gender prejudice firstly in their respective parties before entering the wider electoral fray. It is also a sign of lack of seriousness on the Bill that parties have not taken up a considered discussion of the impact of the rotation of reserved constituencies envisioned, and purposefully debate its merits against suggestions for double-member constituencies, proportional representation and mandatory women’s quotas for parties while announcing candidate lists for elections. To have more women in legislatures and the government is a big step towards empowering women in society. The experience of several village panchayats that have women as effective leaders bears testimony to this fact. Affirmative action of this kind is the best way to usher in social and gender justice.

VOCABULARY:
1.precision : the quality, condition, or fact of being exact and accurate.
2.revealing : making interesting or significant information known, especially of a personal nature.
3.amid : surrounded by; in the middle of.
4.obstructive : causing or tending to cause deliberate difficulties and delays.
5.theatrics : dramatic performances; theatricals.
6.mopping : clean or soak up liquid from (something) by wiping.
7.aisle : a passage between rows of seats in a building such as a church or theatre, an aircraft, or train.
8.affirm : offer (someone) emotional support or encouragement.
9.fidelity : faithfulness to a person, cause, or belief, demonstrated by continuing loyalty and support.
10.stumbling : trip or momentarily lose one's balance; almost fall.
11.patriarchal : relating to or denoting a system of society or government controlled by men.
12.tremendous : very great in amount, scale, or intensity.
13.chauvinistic : feeling or displaying aggressive or exaggerated patriotism.
14.diced : play or gamble with dice.
15.fray :(of a fabric, rope, or cord) unravel or become worn at the edge, typically through constant rubbing.
16.envisioned :imagine as a future possibility; visualize.
17.usher :a person who shows people to their seats, especially in a cinema or theatre or at a wedding.
TOPIC-2:Staking claim to Twenty20 supremacy.
            India’s triumph in the Asia Cup will have surprised no one. It would appear that not only are M.S. Dhoni’s men the best Twenty20 outfit in world cricket, as evidenced by their No.1 ranking, they are also close to impossible to master in the subcontinent. The win — India’s sixth Asia Cup title and its first in this shortened format — was not merely a statement of regional dominance. The India team would now assume that it has served notice to anyone who might have designs on the World Twenty20, which will be hosted in the country over the next four weeks. Bangladesh might have briefly threatened a coup in the rain-shortened final — it deserves great credit for its brave, attacking cricket all tournament — but few teams are as adept at the chase under pressure as India. The batting unit contains a mix of disruptive firepower and nerveless skill, contest-ending weapons both. When deployed calmly — with the certainty that comes from doing it repeatedly, as India’s batsmen have in the Indian Premier League — no target is safe. As team director Ravi Shastri said after the final, this is a unit that knows how to get the job done — a truism on the face of it, but, as Germany has shown in international football tournaments, one that has been coined to explain the unexplainable. In sport, there is such a thing as the ‘tournament team’. Australia is the most obvious example this era in cricket. Dhoni-led teams haven’t been far off, however; indeed the current one enters the World T20 as the overwhelming favourite.
            This is not to say India is without vulnerability. As Mohammad Amir proved again in helpful conditions, no batsman enjoys the combination of pace, bounce and movement. The Pakistani left-armer’s spell was one of the moments of the Asia Cup — heart warming and eye-catching in equal measure, given his road back from perdition and the sheer spectacle great fast-bowling sets up. But it was just that: a moment. For a side to subject India’s batting, it will need more. And considering it is unlikely that India will play on wickets that assist the pacemen to the same degree in the World T20, the chances of an encore are remote. Mystery spin is the other thing that has challenged India in the past; there doesn’t seem to be enough of it around this time, however. Perhaps the greatest dangers to India’s batting comes from within: complacency and ego. The bowling still needs work; it can unravel when attacked. But Jasprit Bumrah and his unique action offer India a difference-maker, in support of R. Ashwin. The others will need careful handling, but Dhoni, perhaps the finest reactive captain in the game, is adept at it. The fielding moreover is world-class, so chances will be taken and occasionally created. The Asia Cup was a title to be won, but also preparation; having achieved both objectives in some style, India will be confident about what lies ahead.

VOCABULARY:
1.triumph :a great victory or achievement.
2.evidenced : be or show evidence of.
3.coup : a sudden, violent, and illegal seizure of power from a government.
4.disruptive : causing or tending to cause disruption.
5.deployed : move (troops) into position for military action.
6.truism : a statement that is obviously true and says nothing new or interesting.
7.obvious : easily perceived or understood; clear, self-evident, or apparent.
8.era : a long and distinct period of history.
9.vulnerability : capable of or susceptible to being wounded or hurt, as by a weapon.
10.perdition : (in Christian theology) a state of eternal punishment and damnation into which a sinful and unrepentant person passes after death.
11.sheer : nothing other than; unmitigated (used for emphasis).

12.complacency : a feeling of smug or uncritical satisfaction with oneself or one's achievements.