Daily GK Updates: 6th August 2014

1.    
Cartoonist Pran, creator of iconic
Chacha Chowdhury, dead
i. Eminent cartoonist Pran
Kumar Sharma, popularly known as Pran, who gave life to lovable comic
characters Chacha Chaudhury and his friend Sabu, is no more

ii.
Pran succumbed to cancer early this morning at a hospital
in Gurgaon, according to his publisher Diamond Comics. He was 75. “Pran
passed away at 9 AM at the Medanta hospital. He had been suffering from cancer
of the intestine for the past eight months.

iii. He is survived by a son and a
daughter,” Gulshan Rai, Publisher, Diamond Comics, told reporters.

iv. Prime Minister Narendra Modi took
to twitter to express his grief over the passing away of the cartoonist. Modi
described Pran “as a versatile cartoonist who brought smiles on the faces
of people through his rich work”. 

v. Born in Kasur, near Lahore in
Pakistan in 1938, Pran began his career in 1960 as a cartoonist for the
Delhi-based newspaper ‘Milap’ with comic strip ‘Daabu’. In 1969, Pran sketched
Chacha Chaudhary for the Hindi magazine ‘Lotpot’, which made him famous.
“Pran was making small cartoons for newspapers when I first contacted him
in 1981. 

vi. At that time there were no Indian
comics, it was all reproductions of foreign titles. For the last 35 years we have
been the sole publisher of his cartoons,” said Rai. 

vii. With a career spanning over five
decades, Pran employed a simple style of art and sense of humour to create a
family of characters like Shrimatiji, Pinki, Billoo, Raman and Channi Chachi,
which are regularly published in Indian magazines. 
2.     Doordarshan signs
pact with German channel
i. In
an effort to distribute its content to international markets, DD India has
signed an agreement with German public service broadcaster Deutsche Welle (DW).
ii.
This
agreement will help India’s public broadcaster get a global footprint with its
programmes becoming part of the Free-to-Air basic pack on a DTH platform.
iii. Under this
agreement, DD’s overseas channel will be available on the DTH platform of
Hotbird-13 B satellite and DW-TV will be distributed on DD Freedish. This will
be the first time in the history of Prasar Bharati that DD programmes will be
available on an international DTH platfo    rm.
iv. DD’s international
channel will be beamed across 120 million households in Europe, Northern
Africa, Central Asia as well as West Asia. Prasar Bharati has paid about ₹90
lakhs to DW under this agreement
3.     Lok Sabha
passes Securities Laws (Amendment) Bill
i. A Bill to enhance
the powers of market regulator SEBI to curb the menace of Ponzi schemes and
protect investors from fraudulent diversion of monies raised from them was
passed by Lok Sabha here on Wednesday.
ii. The Securities Laws
(amendment) Bill was passed by the Lower House through a voice vote after
Finance Minister Arun Jaitley replied to the issues raised by various members
on the functioning of SEBI and its ability to curb collective investment
schemes that thrive at the expense of gullible investors.
iii. Replying to the
discussions on the Bill, Jaitley said that the Prime Minister Narendra Modi
will in the next few days announce a financial inclusion project that would
seek to open two bank accounts in each of the 7.5 crore families identified for
the exercise, which will be undertaken on a mission mode.
4.    
Fifth India-US Energy Summit to focus on renewable energy
i. Renewable energy and
energy security would be the focus of the two-day annual India-US Energy Summit
to be held here next month.
ii. Noting that energy
security is critical for both the US and India, Dr R.K Pachauri, president of
The Energy and Resources Institute North America (TERI NA), said the two
countries must work together, both in energy security as well as on policy
fronts, so as to bring in some positive changes.
iii. The two-day event
from September 30 being organised by TERI and Yale University is likely to be
attended by top officials and energy experts from both the countries.
iv. Prime Minister
Narendra Modi, who is expected to be in the city to meet President Barack
Obama, has been invited to address the meeting in energy, a subject close to
his heart.
v. According to a TERI
statement, the focus of the Summit will be on bilateral cooperation in the
energy sector and related areas.
5.    
Banks’ Tier-I capital need for 5 years surges to Rs.20,000 cr: ICRA
i. With the capital
requirement of Indian banks likely to go up gradually till 2018-19 (FY2019),
Tier I issuances are likely to increase significantly till that year, according
to an ICRA report
ii. Tier I issuances
include common Equity and additional Tier I or AT1.
iii. While the AT1
requirement for this fiscal year 2015 would be around Rs. 20,000
crore, in subsequent years, the annual requirement could be as high as Rs. 40,000
crore – 50,000 crore, the rating agency said in a statement.
iv. However, these
instruments come with significant risk. The guidelines of the Reserve Bank of
India (RBI) on Basel III introduce stringent loss absorption clauses for hybrid
instruments so that loss absorption kicks in before the “public injection of
funds”.
v.  While both Tier I and Tier II instruments have
significant loss absorption features, Tier I instruments are meant to absorb
losses on a going concern basis, and therefore, the loss absorption trigger
kicks in fairly early.
6.    
ICICI Bank launches travel card for students going
abroad for studies
i. ICICI Bank, the
country’s largest private sector bank, has announced the launch of the ‘ICICI
Bank Student Travel Card’, which enables students going abroad for higher
studies to take care of their expenses.
ii. “The card offers
both students and parents a convenient, safe and hassle-free way to manage
their education-related expenses abroad. While it helps the students pay for
expenses such as application fee, university admission and other course-related
fees, hostel fee and day-to-day living expenses, their parents can reload the
card from India. Also, the card allows withdrawal from ATMs across the globe in
local currency,” the bank said in a statement.
iii. The unique feature of
the card is that it is bundled with membership of the International Student
Identity Card (ISIC). ISIC is the only internationally accepted proof of
full-time student status and offers 40,000 benefits and discounts at 120,000
merchant outlets across 130 countries.
iv. ICICI Bank Student
Travel Card is available in the dollar, pound, euro, Australian dollar and
Canadian dollar. It is valid for three years and can be applied for from any
foreign exchange-enabled ICICI Bank branch. Anyone, including non-customers,
can apply for this card.
7.    
Angela Nemeth, the 1968 Olympic javelin champion died
i. Angela Nemeth, the 1968 Olympic Javelin champion of
Hungary died in 5 August 2014 after a long illness. She was 68. 

ii. She won a Javelin throw gold medal in
1968 Summer Olympics in Mexico City, Mexico with career best throw of
60.36meter. Till date, she is the only Hungarian woman to win an Olympic title
in a throwing event.