Current Affairs 21st April 2016

Current Affairs 21st April 2016 - Important Points

• Union Government merged which Abhiyan with Khelo India - Rajiv Gandhi Khel Abhiyaan
• UN, IMF, World Bank and OECD formed Platform for Collaboration on – Tax
• Which bank became first private sector bank to open dedicated branch for Start-ups in India - RBL Bank
• Between which two countries Union Cabinet approved MoU on Technical Cooperation - India and Bhutan

Details - 

Union Government merged which Abhiyan with Khelo India - Rajiv Gandhi Khel Abhiyaan

In the third week of April 2016, The Union Government has merged Rajiv Gandhi Khel Abhiyan (RGKA), which is launched by the UPA government, with the Khelo India programme for development of sports.

Along with this Abhiyan, two other sport projects, Urban Sports Infrastructure Scheme (USIS) and National Sports Talent Search Scheme (NSTSS), launched by the Congress-led UPA regime have also been absorbed under Khelo India.

Do You Know - Khelo India Programme is based on Gujarat's model of Khel Mahakumbh, in which schools and colleges from different parts of the country participate in about 27 disciplines. 

Also the Sports Authority of Gujarat which is also known as SAG, used to organise summer camps under this project every year.

UN, IMF, World Bank and OECD formed Platform for Collaboration on – Tax

On 19 April 2016, four international organizations joined their hands to form the Platform for collaboration in Tax Matters. The aim of this Platform is to boost global cooperation in tax matters.

Just within two weeks after the release of the "Panama Papers", the announcement regarding this was made that stirred outrage at the widespread use of tax haven countries and shell companies by wealthy global elites and corporations to hide assets and avoid paying tax. 

Here are the names of the institute/organizations that joined their hands to intensify their cooperation on tax issues include:

•The International Monetary Fund (IMF)

•The Organisation for Economic Co-operation and Development (OECD)

•The United Nations (UN)

•The World Bank Group (WBG)

Which bank became first private sector bank to open dedicated branch for Start-ups in India - RBL Bank

On 19 April 2016, The RBL Bank became the first private sector bank in India to open dedicated branch for start-ups. 

This dedicated branch was inaugurated at Koramangala, Bengaluru by Nandan Nilekani, noted entrepreneur and former chairman of Unique Identification Authority of India (UIDAI).

In January 2016, the move came following the launch of first branch dedicated of the State Bank of India to serve the needs of start-ups in Bengaluru.

About RBL Bank – 

•RBL Bank Limited which is also known as The Ratnakar Bank Limited is a scheduled commercial bank headquartered in the Kolhapur region of Maharashtra. 

•It was founded in August 1943; RBL is one of the oldest private sector banks in India.

•Currently the bank services include about 1 million customers and have a total business size of over Rs. 20,000 Cr. 

Between which two countries Union Cabinet approved MoU on Technical Cooperation - India and Bhutan

On 20 April 2016, The Union Cabinet announced its approval for signing a Memorandum of Understanding (MoU) with Bhutan.

The two nations is all set to ink an agreement on technical cooperation in the field of capacity building, benchmarking and bilateral exchange in infrastructure engineering.

For educational, scientific and technical research and environmental protection, The MoU will provide an umbrella which is also stated aim of the India-Bhutan Foundation which was established in August 2003.