Daily GK Update - 30th June 2015 Important Current Affairs

1. India, Thailand ink MoU on Double Taxation Avoidance Treaty
i. India and Thailand signed a Memorandum of Understanding (MoU) on double taxation avoidance treaty (DTAT). The MoU was signed during 7th meeting of the India-Thailand Joint Commission for Bilateral Cooperation co-chaired by External Affairs Minister Sushma Swaraj.
ii. Apart from DTAT, both nations signed and exchanged instruments of ratification on the extradition treaty inked in 2013. This treaty provides for the legal framework for extradition of fugitive offenders. Both nations also signed a MoU on the establishment of Nalanda University in Bihar, India.
iii. By signing this agreement, Thailand joins other East Asian Summit countries in the establishment of and revival of an ancient center of learning at Nalanda. It should be noted that India-Thailand Joint Commission for Bilateral Cooperation meeting took place after a gap of three years due to the changes in government in Thailand.

2. Nadia district in West Bengal wins UN Public Service Award 2015
i. Nadia district in West Bengal has won the United Nations Public Service Award 2015 in the category of improving delivery of public services for or eliminating open defecation in the district.
ii. The award was presented by the acting Secretary General of the UN Lenni Montiel to District Magistrate of Nadia and Sabhapati of Nadia Zilla Parishad in Medellin, Colombia.
iii.  It should be noted that Nadia district is the first open defecation free district in India.

3. Rahul Agarwal appointed as Managing Director of Lenovo India
i. Technology major Lenovo has appointed Rahul Agarwal as the Managing Director (MD) of its India operations.
ii. He succeeds Amar Babu who has been promoted to regional mandate as Chief operating Officer (COO), Asia Pacific and Chairman of Lenovo India. Agarwal has rich work experience and was associated with Lenovo India since past 10 years.
iii. Over the last three years, he had led Lenovo’s commercial business and has managed various roles in sales and marketing in the past. It should be noted that in 2014, Lenovo had held the third spot in the Indian PC segment with 15.8% market share. Currently the company is aiming to be among the top three in the Indian smartphone market.

4. Facebook Lite for Android launched in India
i. Facebook on Monday launched a new version of its app for Android phones in India.
ii. Facebook Lite is a lighter version of its app which has been optimised for slower data connections and aims at catering the customers of emerging markets.
iii. This lighter version has been developed so that the app works well across all network conditions and on all types of phones especially on 2G (Second Generation) mobile connections.
iv. This new app is small in size (430 KB) and low data usage. The lighter version also supports all core and basic functions of the social network such as news feed, photos, status updates, notifications, messenger and others. However, it does not support videos and there is no in-built browser.

5. Rock Band Yes Guitarist Chris Squire died
i. Chris Squire, the co-founder and longtime bassist of progressive Rock Band Yes, died at his home in Phoenix, Arizona after battling Acute Erythroid Leukemia (AEL). He was 67.
ii. Squire was the only member of the band who appeared on every album released from 1969 to 2014. Chris was a fantastic songwriter, having written and co-written much of Yes endearing music, as well as his solo album Fish Out of Water in 1975.

6. Union Railway Ministry inaugurated Integrated Security System in Mumbai
i. Union Railway Minister Suresh Prabhu on 29 June 2015 inaugurated the Integrated Security System (ISS) at four railway stations in Mumbai comprising Chhatrapati Shivaji Terminus (CST), Dadar, Kurla and Lokmanya Tilak Terminus (LTT).
ii. The ISS was installed with a total cost of 21.72 crore rupees. The ISS is aimed at improving security on Railway premises, ensuring safety of the people and averting terror attacks.
iii. The system will monitor passenger activities through a network of CCTV cameras at six railway stations comprising CST, Dadar, Kurla, LTT, Kalyan and Thane. It has a total of 118 CCTV cameras that will beam the live images of railway stations under its coverage on six monitors.

7. Suzuki Motor CEO names son to succeed him as president
i. Suzuki Motor Corp's 85-year-old CEO Osamu Suzuki named his eldest son as the new president of Japan's fourth-biggest automaker, easing investor concerns over the firm's succession plan and boosting the company's shares by more than 5 per cent.
ii. Executive Vice President Toshihiro Suzuki took over the role from his father as president and chief operating officer effective Tuesday. Osamu Suzuki remained as CEO and chairman.
iii. Suzuki Motor on Tuesday also laid out financial targets under a new five-year business plan, including a goal to raise revenue to a record in the year ending March 2020.
Osamu Suzuki has helmed the Japanese automaker since 1978, and the question of who would succeed him, and when, has been one of the biggest issues confronting the automaker.

8. Greeks hit by closed banks, warnings from euro zone
i. Anxious pensioners swarmed closed bank branches on Monday and long lines snaked outside ATMs as Greeks endured the first day of serious controls on their daily economic lives ahead of a July 5 referendum that could determine whether the country has to ditch the euro currency and return to the drachma.
ii. As strict capital controls took root following Prime Minister Alexis Tsipras’ surprise weekend decision to call a referendum on international creditors’ latest economic proposals, Greece’s population tried to fathom the sheer scale of the impact on their day-to-day existence.

9. Jayalalithaa wins RK Nagar bypoll by a margin of 1.5 lakh votes
i. Tamil Nadu Chief Minister J Jayalalithaa has won the RK Nagar bypoll by defeating her nearest rival C Mahendran of CPI by a margin of 1,50,000 votes.
ii. Others in the fray included social activist KR Ramaswamy (Traffic Ramaswamy), while the main opposition parties DMK, DMDK, Congress, BJP and PMK boycotted the bypoll.
iii. The bypoll was necessitated after AIADMK MLA P Vetrivel vacated the seat in May to enable Jayalalithaa seek a re-election following her acquittal by the Karnataka High Court in a graft case.

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