Daily GK Updates - 10th June 2015 Important Current Affairs

1. KV Chowdary appointed as Chief Vigilance Commissioner
i. 1978-batch IRS officer KV Chowdary was appointed as the Central Vigilance Commissioner (CVC).
ii. He was appointed by President Pranab Mukherjee on the recommendation of Selection committee headed by Prime Minister Narendra Modi.
iii. With this appointment, Chowdary became first non-IAS officer to head the CVC since it was formed in 1964. He is a 1978-batch IRS officer of the Income Tax cadre.
iv. Prior to this appointment, Chowdary was working as an Adviser to the Supreme Court-appointed Special Investigation Team which is probing black money cases. Earlier, he had also served as Chairman of the Central Board of Direct Taxes (CBDT).

2. Vijai Sharma appointed as Chief Information Commissioner of India
i. Vijai Sharma was appointed as the Chief Information Commissioner in the Central Information Commission (CIC), New Delhi. He will have tenure of 5 years or till he attain the age of 65, whichever is earlier.
ii. Prior to this appointment, he was serving as an Information Commissioner in Central Information Commission since 2012.  Vijai Sharma is a 1974 batch IAS officer of Uttar Pradesh Cadre.
iii. He has rich work experience in Administration & Governance and Law & Policy in Central and State Governments and in the United Nations.
iv. Vijai Sharma’s name for post of Chief Information Commissioner was finalized on 1 June 2015 by Selection Committee headed by Prime Minister Narendra Modi. His appointment was further approved by President Pranab Mukherjee.
v. The President also appointed 1978-batch IRS officer KV Chowdary as the Central Vigilance Commissioner (CVC).

3. Haryana's Jind, Karnal & UP's Muzaffarnagar included in NCR
i. Jind and Karnal districts of Haryana and Muzaffarnagar of Uttar Pradesh were included in National Capital Region on 9 June 2015.
ii. This inclusion was announced by Urban Development minister M Venkaiah Naidu after a meet of National Capital Region Planning Board (NCRPB) meeting in New Delhi.
iii. The meeting was attended by Haryana chief minister Manohar Lal Khattar and representatives and government officials of other member states. Delhi Health Minister Satyender Jain was representing Delhi government.
iv. Earlier on 1 July 2013, Bhiwani and Mahendragarh districts of Haryana and Bharatpur district of Rajasthan were included in the National Capital Region.

4. 41st G7 summit held in Germany
i. G7 Summit 2015 was held at Schloss Elmau in Bavaria, Germany from 7 June to 8 June 2015. This was the 41st G7 summit and the theme for the summit was Think Ahead. Act Together.
ii. The Summit focused on the global economy as well as on key issues regarding foreign, security, environment and development policy. Further, the UN conferences to be held in 2015 as well as the post-2015 agenda and the issues of sanctions against Russia were also discussed.
iii. The Summit was attended by all the seven members’ viz., Canada, France, Germany, Italy, Japan, the United Kingdom and the United States and the European Commission (EC). EC is a permanently welcome participant in all meetings and decision-making since 1981.

5. ICICI Bank appointed MK Sharma as non-executive chairman
i. ICICI Bank, India’s largest private sector bank, appointed Mahendra Kumar Sharma as the non-executive chairman for a period of five years. Sharma, a former vice chairman of Hindustan Unilever Limited (HUL) succeeded KV Kamath.
ii. Kamath who was nominated as the first president of the New Development Bank, established by BRICS nations, would soon step down from the bank’s board.
iii. Sharma’s appointment is subject to the prior approval of Reserve Bank of India (RBI), other regulatory approvals and would be effective from 1 July 2015 or the date of receipt of RBI approval, whichever is later.

6. CCEA approves Rs 6,000 crore interest-free loan to sugar mills
i. The government on Wednesday approved Rs. 6,000 crore interest-free loan to sugar mills to help them partly clear cane price arrears to farmers that have touched about Rs. 21,000 crore.
ii. The decision, which will cost the exchequer about Rs. 600 crore, was taken in a meeting of the Cabinet Committee on Economic Affairs (CCEA) held in New Delhi on Wednesday.
iii. “Mills have been unable to make payment to farmers because of high production and lower domestic prices. Cane arrears have reached Rs. 21,000 crore,” Union Minister Nitin Gadkari told reporters after the meet.
iv. “The government has sanctioned interest-free loan of Rs 6,000 crore for farmers. Sugar mills will prepare the list of farmers. And on the basis of that, the amount will be directly transferred by banks into the Jan Dhan accounts of farmers,” he said.

7. Shahrukh Khan buys Caribbean Premier League team Trinidad & Tobago
i. Bollywood superstar Shahrukh Khan has purchased the Trinidad and Tobago franchise which plays in the Caribbean Premier League (CPL), according to a report in The Times of India.
ii. Khan's company Red Chillies Entertainment Pvt Ltd -along with Kolkata Knight Riders co-owners Juhi Chawla and Jay Mehta - has invested in the Caribbean franchise, which will play in the upcoming T-20 ​CPL from June 20 to July 26.
iii. Khan, who incidentally is the first Bollywood star and IPL owner to own an overseas cricket franchise, said he was 'thrilled' about becoming part of the cricketing tradition of Trinidad & Tobago.

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