June 7th 2015 -Daily current affairs

Barcelona FC wins 2015 UEFA Champions League troph

• Barcelona FC has won 2015 Union of European Football Associations (UEFA) Champions League trophy for the fifth time.
• In the summit clash played at the Olympiastadion in Berlin, Germany they defeated Juventus FC by 3-1 goals.
• Ivan Rakitic had first scored goal for Barcelona in the fourth minute and later Luis Suárez restores at 68 minute and Neymar scored the goal in extra time. Earlier, Barcelona FC had won UEFA Champions League trophy in 1992, 2006, 2009 and 2011,

About UEFA Champions League

• UEFA Champions League (simply known as the Champions League) is an annual continental club football competition organised by the UEFA.
• It is contested by top-division European club and is considered as one of the most prestigious tournaments in the world.
• It is also most prestigious club competition in European football, played by the national league champion and for some nations of each UEFA national association.

Dr. M N Buch, former Bureaucrat and Architect of modern Bhopal died

• Former bureaucrat Dr. Mahesh N. Buch who was widely regarded as the architect of modern Bhopal, passed away following a brain stroke in Bhopal, Madhya Pradesh.
• He was 80. He was known for his clear views in context of urban planning and environment protection for betterment of Bhopal and Madhya Pradesh.

India, Bangladesh sign ratification pact to operationalise the historic Land Boundary Agreement

• India and Bangladesh have signed pact to operationalise the historic Land Boundary Agreement (LBA) between both nations.
•  It was signed by Prime Minister Narendra Modi and his Bangladeshi counterpart Sheikh Hasina during his maiden visit to Bangladesh. In this regard, two sides swapped instruments of ratification regarding the LBA.
• The operationalisation of LBA paves the way for exchange of 162 enclaves under the control of either countries as per the 1974 pact.
• The LBA was passed unanimously by the Parliament last month. Under the Agreement, 111 border enclaves will be transferred to Bangladesh in exchange for 51 that will become part of India.
• The agreement settles land boundary dispute which dates back to colonial times as India transfers 111 border enclaves to Bangladesh in exchange for 51 enclaves. It also settles the question of citizenship for over 50,000 people in these enclaves. Apart from this, Prime Minister Narendra Modi announced a fresh line of credit of 2 billion dollars to Bangladesh. Both nations also signed 22 agreements, including on cooperation in maritime safety and agreements to curb human trafficking and fake Indian currency.
• Prime Minister Narendra Modi and his Bangladeshi counterpart Sheikh Hasina also flagged off the Kolkata-Dhaka-Agartala bus service marking a historic moment in the bilateral relations between the two countries.

Adani, Reliance ink MoUs for power generation in Bangladesh

• Adani Power Limited (APL) and Reliance Power Limited of India have signed separate memorandums of understanding (MoUs) with Bangladesh Power Development Board (BPDB). These MoUs were signed on the first day of Indian Prime Minister Narendra Modi’s visit to Bangladesh.
• The deals were signed to set up 4,600 MW power plants in Bangladesh worth $5.5 billion. Under the deal, APL will invest 2.5 billion dollars to set up a coal-based power plant with a capacity of 1,600 MW.
• While Reliance Power will set up an imported liquefied natural gas-based power plant with a capacity of 3,000 MW with an investment of 3 billion dollars.
• The two Indian companies will complete construction of the plants in 13 months after final agreements are reached.
• These plants will help Bangladesh to tackle power shortages that are crimping its economic growth and deterring investment as country produces 7,000 MW of electricity but demand far exceeds supply, with a daily shortage up to 1,500 MW.