Important Current affairs of February 23, 2016

IMPORTANT CURRENT AFFAIRS OF FEBRUARY 23, 2016

• Colombia's Constitutional Court has banned Oil, Gas and Mining operations in the country's high altitude ecosystems called the 'paramos'. 
• Mahamaham festival concluded On February 22, 2016 at Kumbakonam (Tamil Nadu) with religious fervor.
• The nine-day festival, known as the 'Kumbh Mela of the south', concluded On February 22, 2016, with conduct of the most important event 'theerthavari', witnessed by lakhs of people.
• This  is a Hindu festival celebrated every 12 yearsin the Mahamaham tank located in the South Indian town of Kumbakonam.
• Note : The last Mahamaham was celebrated on March 6, 2004. 
• In the first ever meeting of head priests, Travancore Devaswom BoardOn February 22, 2016 decided to continue Sabarimala temple's entry restriction on women between 10 and 50 years. 
• Maharashtra CM Devendra Fadnavis On February 22, 2016 announced that the state government will offer interest-free loans to women self-help groups (SHGs) in the state. 
• The CM also announced that the SHG malls will be set up in every district of Maharashtra, with the first to be set up in Nagpur. 
• The West Bengal government is planning to get Geographical Identification (GI) tag for four traditional sweetmeat delicacies of the state with a view to protect them from imitations and for exporting them in future.
• The four sweetmeats for which GI tags are being sought are,
•  'Moa' of Jainagar, 
• 'Sarpuria' of Krishnagar, 
• 'Sitabhog' and 'Mihidana' of Burdwan. 
• Note : A GI tag is a sign used on products that have a specific geographical origin and possess qualities or a reputation that are due to that origin.
• Six Indian-Americans are among the 106 people who will receive thePresidential Early Career Awards for Scientists and Engineers from US President Barack Obama. 
• They are, 
• Milind Kulkarni, 
• Kiran Musunuru, 
• Sachin Patel, 
• Vikram Shyam, 
• Shwetak Patel, 
• Rahul Mangharam.
• Note : Presidential Early Career Award is the US government’s highest honour for young independent researchers.
• Tamil movie, Kanavu Variyam, directed by Arun Chidambaram has won the Remi Award of the 49th WorldFest-Houston International Film Festival.
• This is reportedly the oldest independent film & video festival in the world. 
• The Remi award is given to independent films and filmmakers. 
• Senior IRS officer Jayant Misra has been appointed as Director General (DG)of Directorate of Revenue Intelligence (DRI). 
• Prior to this appointment, he was serving as Director General (Systems) of Systems and Data Management based in New Delhi.
• He is going to replace Najib Shah, Chairman of Central Board of Excise and Customs who was holding the charge as DG of DRI.
• Indian Railway Officer Vinay Kumar Singh has been appointed as Managing Director of National Capital Region Transport Corporation (NCRTC). 
• Prior to this appointment, he was working with Rail Vikas Nigam Limited (RVNL), a railway PSU involved in the study of high speed rail corridors. 
• Justice Vineet Saran will be the new Chief Justice of Orissa High Court. 
• Prior to his present appointment, he was officiating as a senior judge of Karnataka High Court.
• Note : The post of Orissa Chief Justice was lying vacant ever since Justice D. H. Waghela took over as the CJ of Bombay High Court in February 15.
• Justice Pradeep K. Mohanty was officiating as acting CJ here since then.
• The Indian rupee slumped to a fresh 30-month low against the US dollar as the currency touched a low of 68.69 On February 22, 2016.
• Note : The rupee had hit an all-time low of 68.89 on August 28, 2013. 
• Parliament's Budget Session will begin On February 23, 2016 with President's address to the joint sitting of Lok Sabha and Rajya Sabha.
• During the session, the Rail Budget will be presented on 25th Februaryand General Budget will be presented on 29th February.
• Belgium-based securities settlement company Euroclear has reportedly agreed to a model suggested by the Reserve Bank of India (RBI) to settle Indian government debt papers in the overseas market. 
• Under this model, the overseas debts will be cleared in India through Indian brokers. 
• Further, foreign institutional investors using the Euroclear platform to trade in India need not register in India to settle their investments.
• The RBI has cancelled registration of as many as 26 non-banking financial companies (NBFCs) including Bajaj Auto Holdings and IDFC Finance Ltd.
• Important Points to Note : 
• The Reserve Bank can cancel a certificate of registration granted to a non-banking financial institution on various grounds including when a company ceases to carry on the business of an NBFC in India. 
• The registration is also liable to get cancelled if the entity doesn't comply with any condition subject to which the certificate of registration had been issued to it.
• India's first Women's Ice Hockey team from Ladakh is crowdfunding its first international tour to Taipei, China. 
• After qualifying for the International Ice Hockey Federation (IIHF) Ice Hockey Challenge Cup of Asia, 2016, they needed funds to travel. 
• They have now reached 90 percent of their goal at the crowdfunding platform, Milaap.
• The Jaypee Punjab Warriors has won the 4th edition of Coal India Hockey India League (HIL) title 2016. 
• Important Note : It was their maiden title.