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Daily GK Update – Current Affairs – 4th February 2016

February 06, 2016 By: milind Category: Current Affairs

Daily GK Update – Current Affairs – 4th February 2016

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1. World Bank Expert Mr. Iyer To Lead Swachh Bharat Mission
i. The government has appointed World Bank’s water and sanitation specialist, Parameshwaran Iyer, as the new Secretary of the Drinking Water and Sanitation Department.
ii. Ignoring the case of serving bureaucrats, Iyer, World Bank’s Practice Manager for Water for the South Asian region , has been given the post by PM Narendra Modi for two years to steer the Swachh Bharat Mission.

iii. 56-year-old Iyer is a key architect of the framework of the $1,500 million proposed loan from World Bank for the Swach Bharat Mission which is pending Cabinet approval.
iv. Iyer’s appointment is expected to create more synergy between the Swachh Bharat Mission and the objectives of the World Bank project . An IAS officer of the UP cadre, who launched Jal Suraj program here, Iyer took voluntary retirement in 2009 and joined the World Bank.
v. Before that, he worked with the UN World Food Programme (UNWFP) for nearly a decade till 2006 as a Senior Rural Water Sanitation specialist on foreign assignment. He was then served a show-cause notice by the Indian government to return and he quit in 2009.
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Daily GK Update 29th June 2015

June 29, 2015 By: milind Category: Current Affairs

Daily GK Update – 28th and 29th June 2015

1. China-led AIIB development bank holds signing ceremony
i. China has hosted the signing ceremony of the Asian Infrastructure Investment Bank (AIIB), a new international financial institution set to rival the World Bank and Asian Development Bank.
ii. Delegates from 50 countries signed articles that determine each member’s share and the bank’s initial capital.

iii. The AIIB, which was created in October by 21 countries, led by China, will fund Asian energy, transport and infrastructure projects.
iv. The AIIB will begin with authorised capital of $50bn (£31.8bn), eventually to be raised to $100bn. China will hold a 30.34% stake making it the largest shareholder of the bank, Reuters quotes China’s Finance Ministry as saying.
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