Daily GK Update 6th January 2016 Important Current Affairs

1.  Syed Kirmani conferred with 2015 Col CK Nayudu Lifetime Achievement Award
i. Former Cricketer Syed Kirmani was honoured with the Col CK Nayudu Lifetime Achievement Award in Mumbai (Maharashtra) for his contribution to Indian cricket. 
Syed Kirmani conferred with 2015 Col CK Nayudu Lifetime Achievement Award
ii. He was presented with the award by the President of Board of Control for Cricket in India (BCCI) Shashank Manohar at the BCCI’s annual award function held in Mumbai. 
iii. India’s Test captain Virat Kohli was awarded with the Polly Umrigar Trophy for Cricketer of the Year. Mitali Raj was bestowed with Best Woman Cricketer Award in senior player category for the season 2014-15.

2. Pranav Dhanawade hits world record by scoring 1009 runs at school level tournament
i. 15-year-old cricketer Pranav Dhanawade created a world record by scoring 1009 runs (not out) in HT Bhandari Cup, an under-16 inter-school tournament held in Mumbai (Maharashtra).
ii.  With this, he also has broken a century-old cricketing record becoming the first batsman to score 1000-plus runs in an innings in any form of cricket.
iii. 1009 (not out) in 323 balls with strike rate of 312.38 comprising of 129 fours and 59 sixes in the entire match.
iv. His 1009 score also helped his school to score 1465/3 in the innings which broke the past record of 1107 runs of Victoria against New South Wales made in 1926.

3. Union Government abolishes export duty on iron ore pellets
i. The Union Government has abolished export duty on iron ore pellets in order to make the commodity more competitive amid weakening prices due to subdued demand. 
ii. In this regard Central Board of Excise and Custom (CBEC) has issued a notification mentioning that export duty on iron ore pellets has been reduced to zero from 5 per cent. This decision will help improve capacity utilisation of pellet plants and give a necessary boost to the sector. 
iii. Earlier in 2014, Union Government had levied a 5 per cent export duty on iron ore pellets. Iron ore pellets are value-added products of leftover material or low-grade iron ore and are mainly used in steel-making industry.

4. Sri Lanka, Pakistan agree to expand FTA
Sri Lanka, Pakistan agree to expand FTAi. Sri Lanka and Pakistan have agreed to expand their bilateral free trade agreement (FTA) by inclusion of services and investment. Statement in this regard was made by Pakistan Prime Minister Nawaz Sharif during his official visit to Sri Lanka.  
ii. The expansion of FTA would help companies of the two nations to form joint ventures (JV) for exports to other nations. Pakistan Prime Minister Nawaz Sharif’s official trip  to Sri Lanka comes after eight months of President Sirisena’s visit to Pakistan in April 2015.
iii. Both countries also signed 8 agreements in the fields of science and technology, education, agriculture, healthcare, tourism, cultural exchanges, sporting contacts, people-to-people contacts and combating money laundering and terror financing.

5. World's largest blue star sapphire discovered in Sri Lanka
i. The world's largest blue star sapphire that weighs 1404.49 carats was discovered in a mine in Sri Lanka. The sapphire was found in August 2015 near Ratnapura city in the South of Sri Lanka.
ii. The stone is worth at an estimated cost of 100 million US dollars but could be valued up to 165 million US dollars.
iii. The sapphire has been named as The Star of Adam by its current owner. The name came from a Muslim belief that Adam arrived in Sri Lanka after being sent away from the Garden of Eden. As per the myth, Adam lived on the slopes of a mountain now known as Adam’s Peak, about 15 miles from Ratnapura. 
iv. The Star of Adam Sapphire has also been certified by the Gemology Institute of Columbo, Sri Lanka.

6. Andhra Bank launched Immediate Payment Service
i. Andhra Bank on 6 January 2016 launched Immediate Payment Service (IMPS) across all its branches in association with the National Payments Corporation of India (NPCI). 
ii. The service makes payments possible within fraction of seconds with all the standards and integrity maintained for security. The IMPS was enabled across all branches to provide inter-bank electronic fund transfer service capable of processing person to account remittances.
iii. Unlike National Electronic Funds Transfer (NEFT), IMPS will be available round-the-clock under which a real-time instant fund transfer system for inter-bank remittances is possible. The maximum cap of transaction will be 2 lakh rupees and charged at the rate of five rupees per transaction

7. Govt receives ₹ 2,428.4 crore under new black money law
i. Tax authorities have received ₹ 2,428.4 crore under the new black money law despite receiving declarations worth ₹ 4,164 crore. 
ii. “The shortfall is primarily on account of certain declarations for which there was prior information under the Double Taxation Avoidance Agreements and Tax Information Exchange Agreements or receipt of payment after 31st December, 2015,” the Central Board of Direct Taxes said on Wednesday.
iii. It further said that the government had received 644 declarations during the special compliance window that closed on September 30.
iv. “The declarants were liable to pay tax at the rate of 30 per cent and a like amount of 30 per cent by way of penalty on the value of assets declared, by December 31, 2015,” it said.

8. Chris Gayle fined A$10,000 for 'disrespecting' TV reporter
i. West Indies batsman Chris Gayle has been fined A$10,000 ($7,197) by the Melbourne Renegades Twenty20 team for asking an Australian TV reporter out on a date and directing personal comments at her during a televised pitchside interview.
Chris Gayle fined A$10,000 for 'disrespecting' TV reporter
ii. Gayle had earlier suggested Monday's incident was a "simple joke" that had been "blown out of proportion" but the Renegades acted after widespread condemnation of the incident.
iii. "Chris's comments were completely inappropriate and disrespectful. There is simply no place for these type of comments at the Melbourne Renegades," Chief Executive Stuart Coventry said in a team statement.
iv. Gayle had just hit 41 from 15 balls to help the Renegades to victory over the Hobart Hurricanes in the nationally televised match in Tasmania when he was approached by Channel 10 reporter McLaughlin.

9. N. Korea conducts hydrogen bomb test
i. North Korea announced today that it had successfully carried out its first hydrogen bomb test, a development that, if confirmed, would marking a stunning step forward in its nuclear development.
ii. “The republic’s first hydrogen bomb test has been successfully performed at 10:00am on January 6, 2016, based on the strategic determination of the Workers’ Party,” a state television news reader announced.
iii. “With the perfect success of our historic H-bomb, we have joined the rank of advanced nuclear states,” the announcer said, adding that the test was of a “miniaturised” device.

10. Wipro names Abid Ali Neemuchwala as CEO
i. In a widely expected move, ​India's third largest IT outsourcer, Wipro Ltd on Monday ​said it ​has appointed Abid Ali Neemuchwala as CEO & member of the board. He replaces TK Kurien who has been appointed executive vice chairman. ​
Wipro names Abid Ali Neemuchwala as CEO
ii. Both these appintments are effective from February 1. Kurien will remain a member of the board until March 31, 2017.


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