DAILY GK UPDATE - 18th June
1. SEBI issues new norms for public issuance of debt securities.
Market regulator SEBI has issued new norms for public issuance of debt
securities under which such offers have to be of minimum Rs 100 crore,
while issuers would need to make additional disclosures and attain
atleast 75 per cent subscription.
ii. The Securities and Exchange Board of India (Sebi) said that the
entities coming out with public issue of NCDs would have to provide
granular disclosures in their offer document, with regards to the
"object of the issue".iii. Also, an entity has to make additional
disclosures in the offer document about details of money utilised from
the previous issues of the issuer as well as the group companies.
iv. The new norms would be applicable for the draft offer document for
issuance of debt securities filed with the stock exchanges on or after
July 16.
2. Subhalakshmi Panse joins Federal Bank boardi. Subhalakshmi Panse,
former CMD of Allahabad Bank, has joined the board of Federal Bank as
an Independent Director.ii. Panse had earlier served as Executive
Director of Vijaya Bank for two-and-a-half years, overseeing all major
portfolios of that bank.iii. A post-graduate in Science, Panse has a
Diploma in Business Management and Masters in Management Sciences from
Pune University. She also holds an MBA from Drexel University, USA.
Note: Panse was a member of the RBI appointed committee on Corporate
Governance and Chairman of the IBA committee on Cheque Truncation
System - National Archive. At present, she is the Chairman of the
Quality Review Board of the Indian Institute of Actuaries.
3. Mobile money services to soon come within common man's reachi.
Mobile money services are set to become popular among the aam admi
(common man) with NPCI signing agreements with seven telecom
companies, A.P.Hota, Managing Director & CEO, NPCI.ii. The seven
telecom companies that have signed agreements with NPCI are Airtel,
Idea, Tata Communications, Aircel, Uninor, Videocon and Quadrant.iii.
National Payments Corporation of India (NPCI) has convinced these
seven telecom companies to provide access to their unstructured
supplementary service data (USSD) channel to all bank accounts, Hota
said.iv. NPCI is the umbrella organisation of all retail payment
systems in India,
4. Facebook releases messaging app Slingshoti. Social media giant
Facebook announced the release on Tuesday of its latest messaging app
Slingshot.ii. Slingshot lets users share selfies and other short-lived
videos and pictures, but friends have to share something before they
are able to see images from others, according to the announcement.iii.
Slingshot is an attempt to take users away from the popular messaging
app Snapchat.
5. Flipkart signs MoU to help MSMEs scale their businessi. Online
marketplace Flipkart on Wednesday has signed a memorandum of
understanding with Federation of Indian Micro and Small and Medium
Enterprises (FISME) and National Center for Design and Product
Development (NCDPD) to boost manufacturing and entrepreneurship in the
country.ii. As per the MoU, Flipkart will provide micro, small and
medium entrepreneurs in infrastructural support in data analytics,
marketing and customer acquisition to help them scale their
business.iii. This is one of its kinds that such a prominent three
organisations have come together to create a platform to focus on the
betterment of Indian manufacturers and artisans.
6. India's first One Stop Crisis Centre named Gauravi launched in
Bhopali. India's first One Stop Crisis Centre (OSCC) named Gauravi was
launched in Bhopal, Madhya Pradesh on 16 June 2014. It was launched by
the Bollywood actor Amir Khan.ii. The centre is first of its kind in
India for women who are victims of violence. It will provide help and
assistance to rape survivors and victims of dowry harassment, domestic
violence and other atrocities on women, all under one roof.
Note: The OSCC will provide legal advice, medical aid and police
assistance. Victims can call the helpline number or visit the facility
centre for the assistance. It will also provide assistance in filing
FIRs, providing security, rehabilitation of the victim and forensic
support.
7. India won 12 medals to finish 5th at 16th Asian Junior Athletics
Championshipi. India won 12 medals overall to finish 5th in final
medal tally at the 16th Asian Junior Athletics Championship held in
Taipei City, China from 12 June to 15 June 2014. India's medal tally
of 12 medals included 2 Gold, 5 Silver and 5 Bronze.ii. China topped
the list with 24 medals comprising of 12 Gold, 10 Silver and 2 Bronze.
Japan won 21 medals (11 Gold, 5 Silver and 5 Bronze) to finish second.
Qatar was in the third place with total of 10 medals (6 Gold, 2 Silver
and Bronze).
8. Binny's record 6/4 helps India clinch ODI series i. Medium-pacer
Stuart Binny bagged six wickets as India registered an unexpected
47-runs win against Bangladesh via Duckworth-Lewis method in the
rain-curtailed second One-day International at the Shere Bangla
National Stadium in Mirpur on Tuesday to take an unassailable 2-0 lead
in the three-match series.ii. Sent into bat, Indian batsmen produced a
below-par performance to be bowled out for a paltry 105 runs in
rain-truncated 41 overs-a-side game.
iii. But the pace combination of Binny (6-4) and Mohit Sharma (4-22)
saved India from humiliation as they bundled out Bangladesh for a
record 58 runs in 17.4 overs to help the visitors defend their lowest
score against the hosts.
India: 105 all out in 25.3 overs (Suresh Raina 27; Taskin Ahmed 5/28).
Bangladesh: 58 all out in 17.4 overs (Mithun Ali 26; Stuart Binny 6/4,
Mohit Sharma 4/22).
--
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