7 June 2015 Current Affairs

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India-Bangladesh
1) India and Bangladesh on 6 June 2015 ratified the Land Boundary Agreement (LBA) to settle the land boundary dispute between the two countries through exchange of territories. This ratification thus sealed an agreement signed by the then Indian Prime Minister Indira Gandhi and her Bangladeshi counterpart Mujib-ur-Rehman. When that path-breaking agreement was signed? – 1974
Explanation: Bangladesh and India share a 4,096-km international border, the fifth-longest land border in the world. From 1947 till now, the unresolved problem of enclaves and adverse possession has been a source of constant friction. It was hoped that the Land Boundary Agreement (LBA) signed by Indira Gandhi and Mujib-ur-Rehman in 1974 would settle both these problems but, for a variety of reasons, it has taken four decades to resolve all the pending issues and for the Indian Parliament to finally ratify the agreement. The ratification to the 1974 agreement was done on 6 June on the occasion of Indian Prime Minister Narendra Modi’s maiden visit of Bangladesh. Under the agreement, India will have an advantage of 500 acres and 10,000 acres will go to Bangladesh. The enclave residents could continue to reside at their present location or move to the country of their choice. The agreement settles the question of citizenship for over 50,000 people.

2) In a major boost to connectivity between India and Bangladesh, two bus services were flagged off on 6 June 2015 that will link West Bengal to three North Eastern states of India via Bangladeshi capital Dhaka. Which 3 states are these? – Assam, Tripura and Meghalaya
Explanation: The bus services were inaugurated Prime Minister Narendra Modi, his Bangladesh counterpart Sheikh Hasina and West Bengal Chief Minister Mamata Banerjee in Dhaka. The bus services – Kolkata-Dhaka-Agartala and Dhaka-Shillong-Guwahati – will link West Bengal to three North Eastern states of India via Bangladeshi capital Dhaka. There would be two buses on the Kolkata-Agartala-Dhaka route, one of which would be run by the West Bengal government and the other by the Tripura government. The solo bus in the Dhaka-Shillong-Guwahati route would be run by the Bangladeshi government. Buses on this route would originate three days a week each from Guwahati and Dhaka, respectively. People of the North Eastern states of Assam, Tripura and Meghalaya, which share extensive boundaries with India’s eastern neighbour, would benefit from the two services.

N. Chandrababu-Naidu-AP-CM
3) Andhra Pradesh Chief Minister on 6 June 2015 performed the sacred “Bhoomi Pooja” ceremony for the new capital of the state – Amaravati. This ceremony was held at which village? – Mandadam village (Guntur district)
Explanation: Chief Minister N. Chandrababu Naidu and his wife Bhuvaneswari performed “Bhoomi Pooja”. This ceremony was performed at Guntur’s Mandadam village, which lies in the periphery of the proposed capital city of Amaravati. Amaravati is the planned capital state of Andhra Pradesh and it is situated 12 km south-west of Vijayawada city and 20 km north of Guntur City.

4) Union Govt. on 5 June 2015 formed an eight-member committee to review the Companies Act, 2013, and suggest necessary changes. Who will head this committee? – Anjuly Chib Duggal, Secretary, Ministry of Corporate Affairs (MCA)
Explanation: The committee is to give the report within six months of its first meeting. It is to make recommendations to the government on issues arising from implementation of the Companies Act, 2013. The panel would be examining recommendations from the Bankruptcy Law Reforms committee, High Level Committee on Corporate Social Responsibility, Law Commission and other agencies on the issue. It may invite subject experts and those from regulatory bodies as needed. Others on the committee are Manoj Fadnis, president of The Institute of Chartered Accountants of India; A S Durga Prasad, president, Institute of Cost Accountants of India; Atul H Mehta, president, Institute of Company Secretaries of India; Reva Khetarpal, former Delhi high court judge; Bharat Vasani, chief legal and group general counsel, Tata Sons, and Y M Deosthalee, chairman, L&T Finance Holdings. The joint secretary (policy), MCA, would be member-convener.

5) A court of which country recently ordered three tobacco companies to pay fines worth around $12 billion for damages, which is the largest award in country’s history? – Canada
Explanation: The Quebec Superior Court gave this landmark decision in a case file by a group of smokers from Quebec who said the firms failed to warn them of health risks associated with smoking. The three firms involved in this case are Imperial Tobacco, Rothmans Benson & Hedges and JTI-MacDonald. The class-action lawsuits were filed in 1998, but only recently went to trial in the courts. The firms argued that Canadians have had a “high awareness” of smoking health risks since the 1950s. But the plaintiffs argued that the companies did not properly warn their customers and failed in their general duty “not to cause injury to another person”.

Serena-2015
6) Serena Williams (US) won her 20th Grand Slam title and third French Open women’s singles title at Roland Garros on 6 June 2015. Whom she defeated in the final? – Lucie Safarova (Czech Republic)
Explanation: 13th seeded Lucie Safarova had made into her first Grand Slam singles final at the age of 28. But she was defeated by Serena Williams by 6-3, 6-7 (2/7), 6-2 in a tough final. With 20 Grand Slam titles Williams is now second on the Open-era list, two shy of Steffi Graf. She is also now halfway to winning all four Grand Slam titles, in the same year, a feat previously achieved by just three other women, the last being Graf in 1988.

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