CURRENT AFFAIRS Presented by Kajal Rajput Jyothika Borah

CURRENT AFFAIRS Presented by: Kajal Rajput Jyothika Borah Sital Singha Swarnali Saha

About Rio Olympics The 2016 Summer Olympics officially known as the Games of the XXXI Olympiad and branded commonly known as Rio 2016 Its held in Maracanã Stadium , Rio de Janeiro, Brazil, from 5 August to 21 August 2016. The Indian Olympic Association sent the nation's largest ever delegation for Rio, a total of 117 athletes India ranks 67 th in the Rio Olympics.

ABOUT PV SINDHU Pusarla Venkata Sindhu Born 5 July 1995 Indian professional badminton player At the 2016 summer Olympics, she became the first Indian woman to win an Olympic silver medal

ABOUT SAKSHI MALIK Sakshi Malik is an Indian freestyle wrestler Born 3 September 1992 In 2016 summer Olympics, she won the bronze medal in the 58 kg category Becoming the first Indian female wrestler to win a medal at the Olympics

ABOUT DIPA KARMAKAR Dipa Karmakar Born 9 august 1993 She is the only gymnast who represented India at the 2016 summer Olympics. She is the first Indian female gymnast in 52 years She attained 4 th position in women's vault gymnastics

Achievements in Rio Medalsi. 1 silver - P. V. Sindhu – Badminton- Women’s Single ii. 1 bronze - Sakhshi Malik – Wrestling – Women’s freestyle 58 kg Dipa Karmakar is the first Indian female gymnast, who represented India and attained 4 th position

Rio Olympics is officially opened by -Vice President Michel Temer Total no , of athletes participating 11, 303 PV Sindhu, Sakshi Malik, Gymnast Dipa Karmakar and Shooter Jitu Rai were conferred with the Rajiv Gandhi Khel Ratna Awards. Coaches were honoured with Dronacharya Awards

Rio Olympics rank chart RANK COUNTRY GOLD SILVER BRONZE TOTAL 1 UNITED STATES 46 37 38 121 2 GREAT BRITAIN 27 23 17 3 CHINA 26 18 26 70 4 RUSSIA 19 18 19 56 5 GERMAN 17 10 15 42 67 INDIA 0 1 1 2 67

Special Olympic • Founded in 1968 • Focused on adults with disabilities • Provide training to 5. 3 million athletes • Held after every 2 years • Recent one held in Los Angeles, California (25 th July-2 nd Aug) • Austria will host the next Olympic • Participants from over 170 countries • Organization offers year round training in 32 sports • Support of International sport persons like Rafer Jhonson and Jackie Chan

Sports offered Athletics Floor Hockey Skiing Badminton Football Swimming Basketball Golf Kayaking Bowling Judo Table tennis Cricket Netball Tennis Cycling Power lifting Short track Skating Roller Skating Vollyball

Special Olympic 2015 • India shines at Summer Olympic 2015 • Indian contingent consist of 275 participants • Won 173 medals!! • 47 gold, 54 silver and 72 bronze • Michelle Obama joined the opening ceremony • Steller performance: Shri Ranvir Singh Saini; 1 st Indian golfer to win gold

GST(Goods And Service Tax) GST in one indirect tax for the whole nation, which will make India one unified common market GST objectives: - 1. Ensuring availability of input credit across the value chain 2. Minimizing cascading effect of taxation 3. Simplification of tax administration and compliance 4. Harmonization of tax base, laws, and administration procedures across the country 5. Minimizing tax rate slabs to avoid classification issues

Benefits of GST – for business and industry Easy compliance Uniformity for tax rates and structures Removal of cascading- reduce hidden cost of doing business Improve competitiveness Gain to manufacturers and exporters

Benefits of GST – for the consumer Single and transparent tax proportionate to the value of goods and services Relief in overall tax burden – because of efficiency gains and prevention of leakages, the overall tax burden on most commodities will come down, which will benefit customers

About Maharashtra Chief Minister of Maharashtra : Devendra Fadnavis Governor of Maharashtra: Chennamaneni Vidyasagar Rao Total population of Maharashtra: 12. 13 crore Literacy rate: 82. 9% Mayer of Pune: Prashant Jagtap Total population of Pune: 0. 59 crore Literacy rate: 86. 15%

Gujarat CM(Chief Minister) change Current CM(Chief Minister) of Gujarat: Vijay Rupani born 2 August 1956 is an Indian politician from the Bharatiya Janata Party since 7 th August 2016 Vijay Rupani and Nitin Patel were sworn in as the Chief Minister and Deputy Chief Minister of Gujarat respectively on Sunday at a swearing-in ceremony in Mahatma Mandir in Gandhinagar. And a member of the Gujarat Legislative Assembly representing Rajkot west.

CONT. “Ms. Patel even reportedly threatened to leave the meeting half way but Mr. Shah did not budge from his backing to Mr. Rupani, ” a senior party leader told The Hindu. The source said: “Ms. Patel insisted that as agreed earlier, the party should go by seniority and select Nitin Patel because Mr. Rupani is a first-time MLA and lacks administrative experience. ”

RBI Governor India’s new Governor: Urjit R Patel Born 28 October 1963 is an Indian economist, consultant and banker, currently serving as Deputy Governor of the Reserve Bank of India (RBI). Worked with the International Monetary Fund between 1990 and 1995 where he covered the US, India, Bahamas and Myanmar desks. Patel has also been Director of State Bank of India since February 2013 Was an advisor with Boston Consulting Group before his appointment as the deputy governor at RBI in 2013.

Hierarchy

Role of RBI The function of the central bank of a country is to control and monitor the banking and financial system of the country. In India, the Reserve Bank of India(RBI) is the Central Bank. The RBI was established in 1935. It was nationalised in 1949.

Into the past • Setup on the recommendation of Hilton Young Comission • Operation commenced on April 1 st 1935 • Main function of the bank: i. Regulate the issue of banknotes ii. Maintain reserve to secure monetary stability iii. Operate credit and currency system to its advantage • Currency offices: Calcutta, Bombay, Madras, Rangoon, Kanpur • Nationalized in 1949

Developmental and Promotional role of RBI Development of the Financial System Development of Agriculture Provision of Industrial Finance Provisions of Training Collection of Data

Prime minister’s Initiatives Bankingshortcuts. com

Pradhan Mantri Jan Dhan Yojna Objective: A bank account to every Indian, access to need based credit , insurance and pension to the weaker sections and low income groups. Benefits: ü Interest on deposit ü Accidental insurance cover of Rs. 1 lakhs ü Life insurance cover of Rs. 30 lakhs ü Overdraft facility after six months ü Ru. Pay debit card ü No minimum balance required

Achievements Pradhan Mantri Jan Dhan Yojana has seen a great success. About 21 Crore accounts have been opened in just about one and half year under the scheme. Despite of zero minimum balance, there is 33074. 89 crore rupees balance in these accounts with 28. 88% accounts opened with zero balance.

Digital India Vision: Launched in 2014 to transform India into a digitally empowered society. All departments of government of India would be digitally connected to each other & to the target population. Pillars of Digital India: ü Broadband Highways ü Public internet access program ü E-governance– reforming government through technology ü E-kranti-- electronic delivery of services ü Information for all

Swachh Bharat Launched: 2 October 2014 Main Objective: To fulfil Mahatma Gandhi’s dream of a clean and hygienic India by 2 nd October 2019. Swachh Bharat Mission is being implemented by the Ministry of Urban Development and by the Ministry of Drinking Water and Sanitation for urban and rural areas respectively. A performance ranking is given to 476 cities based on open defecation and solid waste management practices. Top cities : Mysore, Trichirapalli, Navi Mumbai , Kochi, Hassan , Mandhya , Bangluru, etc.

Make in India Launched: 25 September 2014 Main Objective: To encourage multi-national, as well as domestic companies to manufacture their products in India and create jobs and skill enhancement in 25 sectors. Job creation and skill enhancement in 25 sectors of the economy. The initiative also aims at high quality standards and minimizing the impact on the environment. The initiative hopes to attract capital and technological investment in India.

Smart City Mission Launched: 25 June 2015 Main Objective: To develop 100 cities all over the country making them citizen friendly and sustainable. Under the mission, the NDA Government aims to develop smart cities equipped with basic infrastructure and offer a good quality of life through smart solutions. Assured water and power supply, sanitation and solid waste management, efficient urban mobility and public transport, robust IT connectivity, e-governance and citizen participation along with safety of its citizens are some of the likely attributes of these smart cities.

Skill India Launched: 16 July 2015 Main Objective: Train over 40 crore people in India in different skills by 2022. The main goal of Skill India Program is to create opportunities, space and scope for the development of talents of the Indian youth. Focus to revamp antiquated industrial training centers that will skill over 20 lakh people annually.

What is Unicorn They are called “Unicorns”—private companies valued at $1 billion or more. A Decacorn is a word used for those companies over $10 billion. Hectocorn is the appropriate term for such a company valued over $100 billion. Globally, 163 unicorns are listed at a total cumulative valuation of $568 billion. The unicorn club in India houses nine startups namely-Flipkart, Snapdeal, Mu Sigma, In. Mobi, Paytm, Zomato, Shopclues, Ola and Quikr. . Seven of these nine unicorns are consumer-internet startups. Indianexpress. com

E-commerce biggie Flipkart founded in 2007 by Sachin Bansal and Binny Bansal: • Headquartered in Bangalore, Karnataka, India. • CEO: Binny Bansal • Valued at $15 billion E-tailer Snapdeal started by Kunal Bahl in 2010: Head quatered in New Delhi. CEO: Kunal Bahl Valued at $6. 5 billion Ola is an Indian online transportation network company. • Founded as an online cab aggregator in Mumbai, but is now based out of Bangalore. • CEO : Bhavish Aggarwal • Valued at $5 billion

Paytm is an Indian e-commerce website launched in 2010 headquartered in Noida, India. CEO: Vijay Shekhar Sharma Valued at $2 billion Quikr is an Indian classified advertising platform. It was founded by Pranay Chulet and Jiby Thomas in 2008. As of 2015 reported 15 million listings. CEO: Pranay Chulet Valued at $1. 5 billion Shop. Clues. com is an online marketplace, headquartered in Gurgaon, India. • Founded in 2011 by Sandeep Aggarwal & Sanjay Sethi. • CEO: Sanjay Sethi • Valued at $1. 1 billion

In. Mobi is a mobile advertising and discovery platform Founded by Naveen Tiwari in 2007. • In. Mobi is India’s first Unicorn company. • CEO: Naveen Tiwari • Valued at $1 billion Zomato, a restaurant search and discovery service was founded in 2008 by Deepinder Goyal and Pankaj Chaddah. • CEO eepinder Goyal • Valued at $1 billion Mu Sigma is a category-defining decision sciences and big data analytics company. • CEO: Ambiga Dhiraj • Valued at $1 billion