Daily GK Potion – 6th and 7th August 2015

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  1. Lok Sabha passed Negotiable Instruments (Amendment) Bill, 2015
    • Lok Sabha has passed the Negotiable Instruments (Amendment) Bill, 2015.
    • The Bill provides for filing of cheque bounce cases at the place where a cheque is presented for clearance and not the place of issue.
    • The Bill seeks to amend the Negotiable Instruments Act, 1881.  It will have implications for over 18 lakh cheque bounce cases pending in various courts.
  2. Nemtsov’s daughter receives million-euro Polish rights prize
    • The journalist daughter of slain Russian opposition politician Boris Nemtsov on Tuesday received a million-euro ($1.1 million) Polish prize for championing democracy and human rights.
    • Zhanna Nemtsova, 31, picked up the annual Solidarity Prize at a ceremony in Warsaw, saying she hoped it would inspire many in Russia to believe “that it’s worth continuing the fight, that we shouldn’t give up.”
  3. SBI Life launches ‘Smart Humsafar’
    • SBI Life Insurance has launched a new product, ‘Smart Humsafar’, a plan which offers multiple benefits of savings and insurance cover for husband and wife under a single policy.
    • The product provides financial protection to husband and wife under a single policy.
    • In case of death of one of the spouses, a payment of sum assured is made to the surviving spouse, in addition to waiver of future premiums.
    • In the event of death of surviving spouse during the reminder of the policy term, the nominee gets the sum assured plus all the accrued bonuses.
  4. Indian-American Atul Keshap confirmed Ambassador to Sri Lanka
    • Indian-American Atul Keshap has been confirmed as the U.S. Ambassador to Sri Lanka and Maldives, becoming the second Indian-origin diplomat to be posted to the region after Richard Rahul Verma.
    • Mr. Keshap (44), a former official at the US Embassy in India, was on Wednesday confirmed by the U.S. Senate as the country’s envoy which would be his first Ambassadorial posting.
    • Mr. Keshap and Mr. Verma, the U.S. envoy to India, both trace their origin to Punjab.
  5. RBI relaxes branch authorisation policy
    • Giving greater operational freedom to banks, the Reserve Bank today allowed lenders to shift, merge or close branches, except in rural areas, at their “discretion”.
    • RBI said that instructions regarding merger, closure, shifting, part shifting, opening of extension counters and reporting requirements have been reviewed.
    • However, shifting, merger, or closure of any rural branch as well as a sole semi urban branch would require approval of the District Consultative Committee (DCC)/ District Level Review Committee (DLRC).
    • Further, in case of rural or semi urban branches, banks should ensure that the banking needs of the centre continue to be met through either satellite offices/mobile vans or through Business Correspondents.
  6. PM Modi declares August 7 as National Handloom Day to mark Swadeshi movement
    • To commemorate the 1905 Swadeshi movement the Prime Minister Narendra Modi announced August 7 as ‘National Handloom Day’ at the function held in Chennai.
    • At the event PM Modi also launched the ‘India Handloom’ brand to help weavers with brand for global markets.
    • The motto behind observing National Handloom Day is to honour the handloom weavers and to carter an impetus to India’s handloom industry.

Read next : Daily GK Potion – 8th and 9th August 2015 ››

Read previous: « Daily GK Potion – 4th and 5th August 2015

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