Current Affairs for SSC CGL Exams - 23 June 2015

BCCI seeks title sponsors for international, domestic matches

India’s cricket administrator, the world’s richest cricket body, is looking to raise at least Rs.120 crore, and maybe as much as Rs.180 crore, for all international matches featuring India to be played at home, but experts say it might find it difficult to raise that much
“The Board of Control for Cricket in India (BCCI) has published an ITT (invitation to tender) for title sponsorship relating to the BCCI home series/tournaments—both international and domestic—for the 2015-16, 2016-17, 2017-18 and 2018-19 seasons,” said Anurag Thakur, secretary, BCCI, in a press statement from the board..
Between 2015 and 2019, India will play close to 60 matches, said a BCCI official who spoke on condition of anonymity.
The minimum bid price per match is expected to be Rs.2 crore, added the official cited above, estimating the total value of the deal in excess of Rs.120 crore.

Keeping in with the spirit of 'Make in India' drive of GOI, the Small Industries Development Bank of India SIDBI has set up a Rs 1000 crore 'Make in India' fund for MSMEs.
"The objective is to make our MSMEs world class manufacturing hub. Under the fund, concessional finance will be provided to the identified MSME sectors", bank added.
"In last 25 years, SIDBI has provided financial assistance of Rs 3.90 lakh crore which benefitted 346 lakh people in the MSME sector", he said.
SIDBI plays an important role in microfinance sector of the country.
So far, it has provided microcredit of Rs 9374 crore through MFIs. SIDBI has committed an amount of Rs162 crore equity support to 56 MFIs to strengthen their capital base for more credit to the microfinance sector.

Hockey India (HI) announced a a cash award of Rs 1 lakh to Devinder Walmiki for scoring a goal on debut international match in the ongoing FIH World League Semifinals in Antwerp, Belgium.
Devinder scored one of the three goals during India's 3-2 win over France in the Asian country's opening match of the ongoing tournament in Belgium on last Saturday.
Devinder comes from a family of hockey players. He is the younger brother of striker Yuvraj Walmiki, who is a regular player of the Indian team.Hockey India (HI) announced a a cash award of Rs 1 lakh to Devinder Walmiki for scoring a goal on debut international match in the ongoing FIH World League Semifinals in Antwerp, Belgium.

Betting big on India's renewable energy sector, Japan's SoftBank Corp together with Sunil Mittal's Bharti Enterprises and Taiwanese mobile handset maker Foxconn will invest $20 billion to generate 20 gigawatt of solar power.
SoftBank, which owns one of Japan's biggest mobile carriers and is the largest shareholder in Chinese e-commerce firm Alibaba, will have majority control in the three-way joint venture company, SBG Cleantech, with Bharti and Foxconn as minority stakeholders.
"Softbank will take lead and responsibility to make 20GW as a minimum commitment in solar space in India. In economic terms grossly $20 billion will be the scale of investment, probably it could be one of largest investment by a foreign company in India," Softbank Chairman and CEO Masayoshi Son told reporters here.
The government this month raised the solar power generation capacity addition target by five times to 100 gigawatts by 2022 under the National Solar Mission (NSM).
The Japanese telecom and Internet major SoftBank Corp had in 2011 set up SB Energy Corp to develop clean energy projects following the Fukushima nuclear disaster in Japan.
SoftBank, which has stakes in more than 1,000 companies the world over, has invested USD 1 billion in India in past nine months out of the USD 10 billion planned investment in Asia's third largest economy in 10 years.

Eurozone Finance Ministers broke off talks on Monday without an agreement on Greece’s bailout, saying they aim to reach a deal later this week that might keep the country from defaulting and falling out of the currency union.
The lack of a result leaves a summit of government leaders later in the day with few prospects of making any concrete decisions on the country’s crisis.
Greece needs more loans from its creditors, which include its fellow eurozone states and the International Monetary Fund, in time for June 30, when it faces a debt repayment it cannot afford. The country has been negotiating for four months what economic reforms it should make to get the money.