Daily Gk Updates 11th June , 2015 - June 11 Current Affairs - SBI PO 2015


Check Out Todays Latest GK Updates Important for upcoming SBI PO and Other Bank and Competitive Exam.

Union Cabinet approves Rs 6,000 crore interest-free loan to sugar mills

Union Cabinet approves Rs 6,000 crore
Union Cabinet approved an interest-free loan i.e. soft loan to the tune of 6,000 crore rupees to enable sugar mills pay arrears to farmers. Decision in this regard was taken by Union Cabinet meeting chaired by Prime Minister Narendra Modi in New Delhi. Apart from this decision cabinet also approved hike in prices of Ethanol. As per this decision, interest on the loan will not be charged for a year but the interest will be borne by the Union government from sugar development fund.  The money to be paid as arrears to farmers under this loan will be directed credited in Jan Dhan accounts of farmers. It should be noted that Sugar mills in India owe over 21,000 crore rupees to farmers because they were not able to sell sugar stocks which have remained unsold due to falling prices of raw sugar in domestic and international markets.

Padmasree Warrior, India-born Chief Technology Officer of Cisco resigns

Padmasree Warrior images
Padmasree Warrior, India-born has stepped down from her post of Chief Technology Officer (CTO) at global IT giant Cisco. She had resigned after a significant restructuring of top management of Cisco under incoming CEO Chuck Robbins. Now she will have advisory post in Cisco till September 2015.
She had joined Cisco in 2008 and had served as CTO and senior vice-president of engineering during her seven years at the company.

P L Subramanian appointed as non-executive Director of India Cements Limited

P L Subramanian has been appointed as Non-Executive Director India Cements Limited (CIL) with an immediate effect. Subramanian had joined former BCCI President N Srinivasan-led India Cements in 1986 and had served in various responsibilities. He had retired from service in May 2015 after serving as Executive Director (Operations) of the company.

He also had served as a Director of Andhra Pradesh Gas Power Corporation Limited, India Cements Infrastructures Limited, Coromandel Electric Company Limited and Trishul Concrete Products Limited.

Mahendra Kumar Sharma appointed as non-executive Chairman of ICICI Bank

Mahendra Kumar Sharma was appointed as non-executive chairman of India's largest private sector lender Industrial Credit and Investment Corporation of India (ICICI) Bank. He will replace K V Kamath who had resigned from top most in order to join as President of the Shanghai based New Development Bank established by the BRICS nations. Presently, Sharma is an independent director of two subsidiaries of ICICI Bank viz ICICI Lombard General Insurance Company and ICICI Prudential Asset Management Company. Earlier from 2003 to 2011, he also had served as an independent director on the board of ICICI Bank.

Trios of 3800-year-old statuettes found in Vichama, Peru

Researchers in Peru have discovered trios of statuettes which belong to some 3,800 years ago. They were discovered by research team led by archaeologist Ruth Shady. The final discovery announcement was made by the Peruvian Cultural Ministry in Lima. The mud statuettes were found inside a reed basket in a building at the ancient city of Vichama in northern Peru.
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