Current Affairs for IAS Exams - 29 June 2015

Current Affairs for IAS Exams – 29 June 2015

A gory chapter of World Ward II played out here in the summer of 1944, and to remind posterity of the horrors of war, a museum will soon open here.
The toll the war took on Manipur was beyond measure — an unknown number of civilian victims, apart from 53,000 Japanese soldiers and 16,000 Allied Forces personnel slain during four months.
Just 10 nonagenarian war veterans now live to tell the tale. Hence, the Manipur government, in association with the Manipur Tourism Forum and the World War II Imphal Campaign, have decided to open the war museum.
On April 14, 1944, Indian National Army soldiers hoisted the flag of an independent India at Moirang in Manipur. But it was a pyrrhic victory for the INA and Japanese forces as the casualties were enormous. The Allies eventually won the Battle of Imphal.

Chinese experts in Yunnan say that except for a 200-km stretch between Silchar in Assam and Manipur, and a similar length between Kalewa and Monywah in Myanmar, the central artery of the BCIM route is nearly functional.
Fighting between the Myanmar Army and the ethnic Kokang rebels, known as the Myanmar National Democratic Alliance Army, based near the Chinese border, pose a threat to the network.
The United Wa State Army, that has virtually a free reign in north-eastern Myanmar, and is known for a narcotics trafficking, poses a big security problem to the corridor.
Communal violence involving Buddhists and Rohingya Muslims has also flared in Rakhine State.

Yes Bank on Monday preferred to raise money through an ADR issue under its USD 1-billion capital infusion plan next fiscal.
The Mid-sized private sector lender stressed that the court order in a case involving its promoters will not impact these plans.
The bank has its shareholders’ nod to raise up to USD 1 billion either through an ADR or a qualified institutional placement (QIP) issue.
Yes Bank’s larger rival HDFC Bank was the last lender to have done an ADR, when it successfully raised Rs 10,000 crore earlier this year.