Current Affairs-GK: 8 March 2016

Myanmar grants operating licenses to four more Asian banks including SBI

Myanmar has granted operating licenses to four Asian banks.
Now 13 foreign banks are allowed to conduct business in the country.
These 4 banks are granted preliminary licenses: by Myanmar's Foreign Bank Licensing Committee.
2. State Bank of India
3. Taiwan's Sun Commercial Bank
4. South Korea's Shinhan Bank
Preliminary licenses means: The banks have 12 months to demonstrate their business plans.
About Myanmar:
Myanmar (formerly Burma), is a Southeast Asian nation of more than 100 ethnic groups.

Indian gov’t approves $1.1b Phalcon AWACS deal with Israel

The Indian cabinet has approved an agreement with Israel Aerospace Industries Ltd. (IAI) for the supply of two aircraft equipped with Phalcon early warning systems for intelligence gathering missions.
The price for procurement of the planes was estimated at $1.1 billion.

Uttar Pradesh Assembly Passed the UP Revenue Code (Amendment) Bill 2016

Uttar Pradesh Assembly passed the UP Revenue Code (Amendment) Bill 2016 replacing an ordinance issued by the Governor Ram Naik.
The Bill allows Dalits of the state to sell their land to non-Dalits in the state without approval of the administration even if their remaining holding is less than 3.5 acres.
This bill also seeks to bring changes existing revenue laws dating to the British era by further speeding up disposal of litigations over land ownership in rural areas.
It also provision that allows land owners lease out their land for share-cropping purpose without the fear of losing it after 12 years.

Amrita Patel Gets Mahindra Lifetime Achievement Award

Dr Amrita Patel has been conferred with the Mahindra Samriddi India Agri Lifetime Achievement Aear-Krishi Shiromani Samman in New Delhi. Dr Patel is a former Chairman of National Dairy Development Board (NDDB). She served as its chief from 1998 to 2014.
The award has been conferred by Union Agriculture Minister Radha Mohan Singh.
Dr. Patel played a vita role in the implementation of Operation Flood, the largest development programme in the world.
The operation flood programme helped to promote, finance and deliver a variety of supporting services to a national cooperative dairy structure that transformed the lives of millions of marginalized and small farmers and milk producers.

Country's First Small Finance Bank To Start Operations On April 13

Jalandhar-based Capital Local Area Bank has become the first entity to receive the Reserve Bank of India‘s licence to start operations as a small finance bank.
History: In september 2015 Reserve Bank of India granted in-principle licences to 10 applicants to set up small finance banks, including Capital Local Area Bank.
Functioning of the Bank: The small finance bank will undertake basic banking activities of acceptance of deposits and lending to unserved and underserved sections including small business units, marginal farmers and unorganised sector entities.
AS per Sarvjit Singh Samra, managing director of Capital Local Area Bank plans to start its small finance bank operations on April 13.

Amazon Is India's Most Trusted Online Shopping Brand

Amazon World's largest e-retailer is India's most trusted online shopping brand followed homegrown Snapdeal and Flipkart.
Ebay, Myntra, Yepme, Jabong, Naaptol, Shopclues and Askmebazaar Other firms to figure in the top 10 trusted online shopping brands.
The survey was conducted among 2,500 respondents, aged 21-50, across 16 cities and its findings have been compiled in the Brand Trust Report, India Study 2016. iv. The report is issued annually by TRA (formerly Trust Research Advisory).

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.
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.

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.
Finance Minister Arun Jaitley is the chief guest.

Email Inventor Ray Tomlinson Dies At 74

Ray Tomlinson, the inventor of email has passed away. He was 74. He died of an apparent heart attack.
His invention included the ground-breaking use of the @ symbol in email addresses, which is now standard.

Asia Cup 2016 Concludes In Bangladesh & India Won Its 6th Asia Cup Title

India beat Bangladesh by 8 wickets in the final to win their Asia Cup title. With this victory, India lifted their sixth Asia Cup title.
This is the first time the Asia Cup was held in T20 format and India proved that why they are No.1 side in T20 Internationals.
The 2016 Asia Cup was a Twenty20 International (T20I) cricket tournament that was held in Bangladesh from 24 February to 6 March 2016.
It was the 13th edition of the Asia Cup, the fifth to be held in Bangladesh.

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