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Daily GK Update : 9th April 2016 For All The Upcoming Exams

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1. India Tops Credit Suisse Emerging Consumers Scorecard 2016
i.  Indian consumers remain most optimistic, among nine nations surveyed by Credit Suisse, about their current and future finances and relatively lower inflation expectations.
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 ii. According to Credit Suisse Emerging Consumer Scorecard 2016, India topped the chart, while China and Saudi Arabia shared the second position. 

iii. In 2015 scorecard also India was at the top position.
iv. The survey covered nine countries – Brazil, China, India, Indonesia, Mexico, Russia, Saudi Arabia, South Africa and Turkey. 
v. According to the survey average Indian respondent’s income has increased compared with a decline for the emerging markets average, although income expectations going forward have moderated.


2. Centre Releases Rs.12, 230 crore To States For MGNREGA
i. The Ministry of Rural Development has released a central share of Rs. 12,230 crore to the states for implementation of its flagship programmes under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA).
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ii.  Union Minister for Rural Development Birender Singh has said that is ministry has released a central share of Rs. 12,230 crore to the states for implementation of its flagship programmes under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA).
iii. The Minister also underlined that this fund release will take care of the pending wage liability of the States for the previous Financial Year (2015-16) and help the States to run the programme during the new Financial Year (2016-17). 
iv. He reiterated that the Government is committed to ensuring flow of adequate resources for fulfilling the programme objectives. 
v. Rebutting the reports that there are arrears of wages of over Rs 8000 crore under MGNREGA for the 2015-2016 financial year.
3. Union HRD Minister Smriti Zubin Irani Launches ISBN Portal
i. The Union Human Resource Development Minster Smriti Irani has launched a portal for registration and allotment of International Standard Book Number (ISBN) at a function held in New Delhi. 
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ii. The portal has been created to facilitate publishers as well as the authors to register for ISBN online. 
iii. ISBN gives an identity to a book and will enhance information abot authors and publishers. This interactive automated system would provide fast and efficient services in a stipulated time frame to the Publishers and Authors as well. 
iv. The ministry will also launched the mobile app regarding the same in the some regional languages to reach out to more publishers and authors across the country.
v. The ISBN portal is a part of central government’s e-governance initiative for streamlining the process of registration for publishers and authors which will make the process user friendly. Its a 13 character identification allotted by International ISBN Agency based in UK through the National ISBN Agency. It provides access to bibliographic data bases used by the book industry and libraries to provide information.
4. Textiles Minister inaugurates Apparel and Garment Making Unit in Tripura
i. The Union Textiles Minister Shri Santosh Kumar Gangwar inaugurated the Apparel and Garment Making unit in Bodhjungnagar Industrial Growth Centre, in Agartala today. 
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ii. The Minister said that the Apparel Units in the North East are a significant step towards the Make in India Initiative of the Government.
iii. As per the Shri Gangwar when ‘Make in India’ was conceived to make the country a manufacturing destination, it was decided that the potential of the NER, which is a stronghold of handlooms and traditional textiles, may be tapped for ready-made garment industry. 
iv. He said that the project for Apparel & Garment Making Units was conceived in this background.
v. In This inaugural progarmme was also attended by Chief Minister of Tripura Shri.Manik Sarkar; State Industries and Commerce Minister Shri Tapan Chakraborty; Union Textiles Secretary Smt. Rashmi Verma, and Chief Secretary of Tripura Shri Y P Singh.
5. Uma Bharti Inaugurates Water Films Festival
i. The Union Minister for water Resources, River Development and Ganga Rejuvenation Uma Bharti has inaugurated the Water Film Festival as a part of the India Water Week celebrations in New Delhi.
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ii. This is the the 4th edition of India Water week.
iii. The film festival is organized by the Water and Power Consultancy Services (WAPCOS). 
iv. WAPCOS is a Public Sector Unit under Ministry of Union Minister for Water Resources, River Development and Ganga Rejuvenation.
v. The theme for this year’s India Water week is “Water for all: Striving together. 
6. Rajasthan Becomes the first state in India to clear land title Bill
i. Rajasthan has become the first state to pass land title bill. 
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ii. State Assembly passed the Rajasthan Urban Land (Certification of Titles) Bills 2016.
iii. State government will set up an authority which will be headed by an Indian Administrative Service Officer. It will seek all the documents from the landowners, and will verify it against records held by the state. 
iv. The authority will first issue a provisional certificate, for which the state will not stand guarantee. If there are no objections or dispute arises, the authority will issue a certificate and a map to the owner with state guarantee.
v. The Provisions in the bill fillip towards good governance and Ease of Doing Business also the bill will boost land acquisition in the state and also benefit authorities as no capital expenditure will be required from their end. The bill provides for land for infrastructural development and enables the government to consolidate small land holdings. The land holders, in return, will get an equivalent share of development land.
7. Airtel Buys Aircel’s 4G Spectrum in 8 Circles For Rs 3,500 crore
i. Bharti Airtel announced the acquisition of 20 MHz spectrum in eight circles from Aircel for Rs 3,500 crore. 
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ii. Bharti will acquire spectrum or radiowaves in 2,300 MHz band in Tamil Nadu, Bihar, West Bengal, Jammu and Kashmir, Assam, North East, Andhra Pradesh and Odisha.
iii. Aircel had won the spectrum in a government auction and is entitled to hold it till September 20, 2030. 
iv. After this acquisition, Bharti Airtel will become a pan-India 4G operator. 
v. The transfer of right to use for the circles of Andhra Pradesh and Odisha is subject to the revision of spectrum caps with the upcoming auction to be conducted by Department of Telecommunications (DoT).
8. $200-mn Pact Inked To Study TAPI Project
i. Shareholders of the Turkmenistan- Afghanistan-Pakistan-India (TAPI) Pipeline Company Limited signed an agreement to invest $200 million in studies and engineering for the $10 billion project to transport natural gas to energy-hungry countries like India.
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ii. The agreement signing ceremony was witnessed by TAPI and senior government officials of Turkmenistan, Afghanistan, Pakistan, India and Asian Development Bank officials in Ashgabat, capital of Turkmenistan, according to a statement by ADB. 
iii. The agreement would pave the way for delivery of long-term natural gas supplies to Pakistan by addressing its energy shortages. 



9. Saudi Arabia And Egypt To Build Bridge Across Red Sea
i. Saudi Arabia’s King Salman has announced an agreement with Egyptian President Abdul-Fattah al-Sisi to build a bridge over the Red Sea connecting the two countries. 
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ii. The announcement made on the second day of visit of Saudi Arabia’s King to Cairo.
iii. The name given to this bridge after the Saudi king is King Salman bin Abdel Aziz Bridge. 
iv. The planned bridge would help in boosting commerce and trade between the two allied countries. This historic step will also connect the two continents, Africa and Asia.  
v. The estimated cost to this bridge is around $4 billion.
10. Federal Bank–Phillip Capital Tie-Up Announced At Singapore
i. Federal Bank, the Indian Banking major in the private sector, entered into a strategic partnership with Phillip Capital (India) Pvt. Ltd, a subsidiary of the Singapore headquartered Phillip Capital group, for managing NRI Portfolio Investment Scheme (PIS). 
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ii. Mr. Shyam Srinivasan, MD & CEO, Federal Bank and Mr. Lim Hua Min, Chairman of Phillip Capital Group, Singapore exchanged the MoU announcing the tie-up. 
iii. PIS is a route designated by the Reserve Bank of India  for Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs) to invest in Indian Equity Markets for purchase of shares and convertible debentures listed on registered stock exchanges in India. 
iv. Phillip Capital is an integrated financial house with a global presence that offers a full range of quality and innovative services to retail, corporate and institutional customers.
v. The tie-up with its Indian subsidiary will thus be a significant value-add to the NRI clientele of Federal Bank, particularly those in the non-GCC countries, who can now avail PIS using the wide global network of Phillip Capital and their experience and expertise in providing consistent and world-class customer service.
11. Maharaja Ranjit Singh’s Statue To Be Installed In France
i. The statue of Maharaja Ranjit Singh will be installed in France’s Saint-Tropez town. The town is the birth place of Army General Jean-Francois Allard.
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ii. The installation will be held in September this year and for the installation ceremony Henri Prevosat-Allard, Deputy Mayor and in-charge of tourism of Saint-Tropez met Punjab Tourism Minister Sohan Singh Thandal and invited him to the installation ceremony of Singh’s statue in France.
iii. For the occasion, Henri has also invited Punjab chief minister Parkash Singh Badal to Saint-Tropez on September 17 when the statues of Maharaja Ranjit Singh, General Allard and his wife Bannou Pan Dei will be installed. 
iv. In September, the Indian embassy in France will hold also an exhibition on the life of the king.
v. Henri informed the Chief Minister that Gen. Allard (French) along with Gen. Ventura (Italian) served in the army of Maharaja Ranjit Singh and both made an enormous contribution for the modernization of his military through their strategic experience and raised Fauj-i-khas, the “special” or “royal” brigade.
12. Tausif Monif Joined Lambda Therapeutic Research As Its New President
i. Lambda Therapeutic Research, a Global Clinical Research Organization has announced the appointment of Tausif Monif as its new President for Global Operations. 
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ii. Prior to this appointment Mr. Monif was working with Sun Pharmaceutical as Vice President in Gurgaon and having a rich experience of more than 24 years in the Clinical Research Industry. 
iii. His joining Lambda will support the company’s vision of expanding their Global footprints. 
iv. The Lambda Therapeutic Research company headquartered in Ahmedabad – India has its presences in many countries like Poland (Europe), London (UK), USA and Canada. 
v. Presently company is offering an end to end clinical research and total drug development solutions to the Pharmaceutical companies.
13. Lamborghini India Appointed Mr. Sharad Agarwal As Its New Head
i. Lamborghini India Pvt. Ltd has appointed Sharad Agarwal as its country head with immediate effect. 
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ii. In Lamborghini he will be taking care of the entire activities of oversee sales, marketing, and network development of the company. 
iii. Prior to this appointment Mr. Agarwal was working with Audi India as the head of corporate sales and financial services. Than later on in 2013 he worked as Head of Field Forces in 2013. 
iv. Mr. Agarwal is carring of 15 years of experience in the automotive industry. He  was also associated with Zuari Industries, TVS Motor Company and Mahindra First Choice.
v. Lamborghini India Pvt. Ltd is the arm of the Italian based car maker headquartered in Sant’Agata Bolognese. The company mainly deal with the luxury cars, sports cars and SUVs. 
14. Mother Teresa Conferred With Founders Award Posthumously In UK
i. The Nobel Peace Prize awardee Mother Teresa now has been conferred with the UK’s prestigious Founders Award this year. 
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ii. The award is given to recognize and reward exemplary achievements of people within the global Asian community.
iii. The award was received by Agi Bojazhiu, who is the only living relative of Mother Teresa. Presently Agi is 72 year old and the niece of Mother Teresa. 
iv. The Founders award is to recognize and reward exemplary achievement within the global Asian community across 14 categories that include business, philanthropy, entertainment, culture and sport. 
v. It is the the part of Asian Award. The award was launched in 2010 by Paul Sagoo, entrepreneur and founder of the Lemon group. Teresa, who died in 1997 at Kolkata, have spent more than 45 year of her life as serving the poor, the sick and the orphaned. She will be made a saint on September 4, 2016. 
15. Kansai Nerolac Ties Up With Gujarat Lions For IPL
i. Kansai Nerolac Paints Ltd (KNPL) has signed up with the Gujarat Lions franchise as associate sponsor for the ninth edition of the Indian Premier League which will begin on April 9, 2016.
ii. Gujarat Lions, captained by Suresh Raina, is one of the two debutant teams this IPL season. 
iii. He has a mix of experienced and fiery young players such as Brendon McCullum, Ravindra Jadeja, Dwayne Bravo, Dale Steyn, Aaron Finch and India U-19 captain Ishan Kishan to name a few. 
iv. Gujarat Lions will battle it out against seven other teams for the title of ‘Indian Premier League Champions 2016.
v. The association between Kansai Nerolac and Gujarat Lions follows some aggressive advertising by the brand during the recently concluded ICC World 20-20. Kansai Nerolac has also been maintaining a good media presence through on-air ad slots during the IPL over the years.
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