Daily GK Update 17 March 2015 Current Affairs

1) Hitachi India, Siemens sign MoU with CII for smart cities
i) Hitachi India Ltd and Siemens Ltd on Tuesday signed an MoU with the Confederation of Indian Industry (CII) to form a consortium that would create pilots and replicate them throughout the country for setting up 100 smart cities, according to a statement from the Ministry of Commerce and Industry.
ii) The two companies will prepare and undertake demonstration projects/initiatives, prepare prototypes to showcase best practices in various fields related to smart cities, a statement from CII added.

2) CBI arrests Commerce Ministry official
i) The Central Bureau of Investigation (CBI) has arrested a Commerce Ministry official for allegedly leaking/selling confidential documents.
ii) The staff member arrested is Daljeet Singh, an Upper Division Clerk in the Department of Industrial Policy and Promotion, an official said. 

3) Pakistan bowler Irfan ruled out of World Cup with injury
i) Pakistan left-arm fast bowler Mohammad Irfan has been ruled out of the World Cup with a stress fracture, the team said on Tuesday.
ii) The tall fast bowler had a scan on Monday which proved inconclusive and was asked to undergo more detailed scans on Tuesday.
iii) The second scan confirmed a stress fracture in the pelvis of the bowler, who had also missed Pakistan's last Pool game against Ireland.
iv) "This injury rules Irfan out of the World Cup," team physiotherapist Brad Robinson said in a statement. 

4)  HDFC Bank launches instant money transfer app
i. HDFC Bank has launched Chillr, a mobile app that allows users to instantly transfer money to any contact in their phonebook 24 hours a day and seven days a week.
ii. HDFC Bank has partnered with MobME, a Kochi-based technology firm, to launch this app. 

5)  Centre includes compensation in GST Const Amendment Bill
i. The Centre has included in the GST Constitutional Amendment Bill the compensation which will be paid to states for revenue loss on account of rolling out the new indirect tax regime.
ii. As part of the proposed GST regime, the CST is being phased out and its rate has been reduced to two percent from four percent.
iii. The Centre collects CST and distributes it among states. The Centre has agreed to compensate states for losses they have incurred due to CST phase out.


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