10 June 2015 : Daily Current Affairs / Gk / GA: Interest -free loans approved by the government for cash-strapped sugar mills to help them pay nearly 30 per cent of the record Rs 21,000 crore they owe to cane farmers. Many of sugar mills are struggling with huge debts as the first country-wide drought in six years looms.

Note :

  • India is the world’s biggest sugar producer after Brazil.
  • Sugar mill have been lobbying the government for months seeking relief as prices of sweetner have fallen below the cost of production.

Confederation of All India Traders (CAIT) decided to launch “e-lala”,  its own ecommerce portal in next three months.

  • Note :
  • “e-Lala” will provide a direct interface between sellers and consumers and there will be no third agency.
  • As there will be no third party so also commission component will be removed.

Stanford scientist Manu Prakash comes up with world’s first water based computer system. Last year manu prakash was in news for building a paper microscope.

Note :

  • Manu Prakash is assistant professor of bioengineering at Stanford university
  • Reliance Capital appointed B Gopkumar as Chief executive officer for its broking and distribution business. Gopkumar succeedsVikrant Gugnani.

Vivek Murthy, an Indian origin US Surgeon General has been presented with the Pride of the Community Award by a prominent Hindu advocacy group. He received the award by the Hindu American Foundation at its 12th Annual Day reception at Capitol Hill.

Dr. Srivari Chandrasekhar appointed as Director of CSIR-Indian Institute of Chemical Technology (IICT) a premier research institute of Union Government based in Hyderabad, Telangana.

Note :

  • He was appointed to the top post by Prime Minister Narendra Modi who is ex-officio Chairman of Council of Scientific and Industrial Research (CSIR) functioning under Union Ministry of Science and Technology.
  • He has made significant contributions in diverse areas of organic chemistry with a special emphasis total synthesis of biologically active natural products, on chiral chemistry and pharmaceutical products.

Bangladesh, Bhutan, India and Nepal (BBIN) Motor Vehicle Agreement approved for sigining in union cabinet meet chaired by Prime Minister Narendra Modi.

  • The agreement is similar to the SAARC Motor Vehicle Agreement (MVA). It seeks to regulate the vehicular traffic of passenger, personal and cargo amongst BBIN countries.
  • The agreement will be signed on 15th June 2015 at the Transport Minister’s meeting in Thimpu, Bhutan.

Country’s current account deficit (CAD) narrowed sharply to USD 1.3 billion, or 0.2 per cent of Gross Domestic Product (GDP), in the fourth quarter of the last financial year on a sequential basis mainly on account of a lower trade gap.

  • The CAD shrank to 1.3 per cent of GDP for full financial year 2014-15.
  • On a quarter-on-quarter basis, CAD narrowed sharply to USD 1.3 billion (0.2 per cent of GDP) in fourth quarter of financial year 2014-15 from USD 8.3 billion (1.6 per cent of GDP) in the third quarter.

Indian Cricket ODI captain Mahendra Singh Dhoni (MSD) named into the forbes list of world’s richest atheletes.

Note :

  • Dhoni ranked 23rd in forbes list of World’s highest paid athletes. Last year he was placed at 22nd.
  • Cricketer MS Dhoni is the only Indian sportsman in forbes magazine ‘s highest paid athletes in world.
  • Dhoni’s total earnings stood at $31 million, including amount from salary/winnings at $4 million and endorsements worth $27 million.
  • The earnings figures include salaries, prize money and bonuses paid out between June 2014 and June 2015.


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