10 May 2016

Daily Current Affairs Updates– 10th May 2016

Daily Current Affairs Updates– 10th May 2016
Daily Current Affairs Updates– 10th May 2016:
Daily Current affairs News Updates about the National and International events were listed here. Candidates those who are preparing for IBPS/SBI/PO/Clerk exam and all other competitive exams can use this.


IMPORTANT DAYS:
10 May 2016: World Migratory Bird Day
·        World Migratory Bird Day (WMBD) is being observed across the world on the second weekend in May.
·        This year, WMBD is being observed on 10th May. The day seeks to raise awareness and highlight the need for the protection of migratory birds and their habitats.
·        2016 Theme: “Stop the Illegal Killing, Taking and Trade of Migratory Birds”.
·        On this day people around the world organize public events such as bird festivals, education programmes, exhibitions and bird-watching excursions to celebrate WMBD.
NATIONAL:
Indian Army conducts ‘Chakravyuh-II’ training exercise in Rajasthan:
·        Indian Army had conducted major military training exercise ‘2016 Chakravyuh-II’ in Suratgarh, Rajasthan.
·        Purpose of the exercise: Validate battle readiness and operational effectiveness of the Pivot Formation and Rapid Division of Indian Army along with all its affiliated components.
Ministry of Environment & Forests launches web-based application on Integrated Waste Management System:
·        The Ministry of Environment and Forests launched a web-based application on Integrated Waste Management System (IWMS). The system’s web address is www.iwms.nic.in.
·        The government launched the system for better management of waste. The user-friendly application is capable of tracking the movement of hazardous waste.
Uma Bharti Launches Rural Sanitation Initiatives for Ganga Rejuvenation in Jharkhand:
·        Union Minister for Water Resources, River Development and Ganga Rejuvenation Uma Bharti initiated nine projects for rural sanitation projects under Namami Gange Programme for conservation of river Ganga
·        To Improve the health and quality of life of around 45,000 households located in these 78 villages of the Ganga River basin in Jharkhand through enhanced sanitation practices,Developing the quality of waste water and storm water runoff flowing
Railways sets up directorate to generate funds via advertisements
·        Union Rail Ministry led by Suresh Prabhakar Prabhu mulling to set up a dedicated wing with the mandate to focus on non-fare case revenue.
·         Many of the world railway systems generate 10-20 per cent of their revenue from these type of sources.
·        The Special wing will be headed by a Director-NFR-Finance and all its officers will report to the chairman of the Rail Board.
·        The board will utilize the railway assets viz advertisements at stations, commercial exploitation of vacant land and space rights over station buildings, including station redevelopment, advertisements on coaches and locos, sponsorship of uniforms for railway personnel, hoardings on land alongside tracks, etc..
Mahesh Sharma Releases Commemorative Coin on Maharana Pratap
·        Mahesh Sharma Releases Commemorative Coin on Maharana Pratapi. Culture and Tourism Minister Mahesh Sharma  has released a Commemorative coin of Rs. 100/- and a Circulation coin of Rs. 10/- in New Delhi as a part of 475th Birth Anniversary celebrations of Maharana Pratap.
·        The Ministry has been celebrating the birth anniversary during 2015-16 in association with the Rajasthan.
·        A Conference and Special Lecture on Maharana Pratap was organized by Nehru Memorial Museum & Library (NMML) in the University of Rajasthan, Jaipur earlier this year.
·        Union government and the Rajasthan Government have decided to create a multi-purpose indoor stadium at Khel Gaon, Udaipur in his memory and also agreed to give a sum of Rs. 9.50 crore for this.
Gujarat Government to kick-start solar rooftop project for citizens
·        The state government is now all set to launch its grid-connected Rooftop Solar Power Project with an aim of scaling up the present solar power generation in Gujarat.
·        The Rooftop Solar project was initiated by Gujarat Energy Development Agency (GEDA), which is the state nodal agency to promote renewable energy.
·        The GEDA agency has set a target of generating 50 megawatt (MW) of electricity by installing such rooftop solar photovoltic units across Gujarat in the current fiscal of 2016-17.
Gujarat:
ü  Governor: Om Prakash Kohli
ü  Chief Minister: Anandiben Patel
HAL completes Rs.4.77 cr Kumudvathi rejuvenation project:
·        Hindustan Aeronautics Limited has completed Rs 4.77 crore Kumudvathi river rejuvenation project near Nelamangala in Bengaluru rural district.
·        Totally eight villages were got benefitted by this CSR movement project.
·        HAL spent Rs 4.77 crore on this project under Corporate Social Responsibility by joining hands with International Association for Human Values (IAHV), a sister organisation of the Art of Living in the past two years.
·        The project intend to rejuvenate Kumudvathi River earlier it catered to 30 per cent of Bengaluru’s water needs.
        Hindustan Aeronautics Limited:
ü  Headquarters: Bangalore.
ü  Chairman& Managing Director: T Suvarna Raju
Odisha Government launches DBT scheme for farmers
·        Odisha Chief Minister Naveen Patnaik launched the Direct Benefit Transfer scheme for farmers and pledged digging of at least one lakh bore wells to improve irrigation facilities.
·        On behalf this move famers will get themselves registered online to purchase seeds and get the subsidy amount in their bank accounts directly of the state.
·        The first beneficiary of the DBT scheme was Ramesh Rout of Laxminarayanpur area. The seeds subsidy amount was deposited in Rout’s bank account.
Odisha:
ü  Capital: Bhubaneswar
ü  Governor: S.C. Jamir
ü  Chief Minister: Naveen Patnaik
Chhattisgarh relaxes labour laws:
·        The Chhattisgarh government has relaxed the labour law which will help MSME players to avoid regular inspection from labour department officials.
·        By this announcement the industry will file a third-party certificate to underline that industrial and labour norms are implemented in the unit.
·        Under the relaxed norms routine inspection in the facility will not be conducted by the labour department inspectors  as against inspectors conduct surprise inspections in units even without the knowledge of their superiors
·        The move is also a part of the ease-of-doing business exercise and MSMEs will be required to submit the third-party certificate issued by the authorised person on-line in department’s portal by June 30.
India emerges as world's biggest renewable energy lab: Richard Verma
·        US envoy Richard Verma has said India has emerged as the biggest renewable energy lab in the world and is at the threshold of dynamic growth in the deployment of smart grid technology.
·        Mr Verma yesterday visited Tata Power Delhi Distribution's Smart Grid Lab in Rohini and Tata Power grid connected 225 KW Solar Power Plant in the vicinity.
Government to start campaign to inform about its schemes, achievements:
·        Government will kick off one month campaign to inform about the schemes and achievements of the Narendra Modi government during the last two years.
·        The government is set to complete two years on 25th of this month.
·        Minister of State for Parliamentary Affairs Rajeev Pratap Rudy told reporters after BJP Parliamentary party meeting that all MPs have been asked by the Prime Minister to visit their Constituencies and promote the schemes like MUDRA Yojana, Jan Dhan Yojana and free LPG connections.
Government forms committee to prepare policy framework for taxi:
·        Government has constituted a three member committee to prepare a policy framework for taxi and other transport operators. The committee will be headed by Road Transport Secretary.
·        The Ministry said, it has decided to set up the committee to look into these issues and come up with appropriate recommendations to address the same in a time bound manner.
Parliament Passes Anti-Hijacking Bill, 2016:
·        Parliament has passed the Anti-Hijacking Bill, 2016 to widen ambit of law dealing with this anti-hijacking crime.
·         The Bill was first passed in the Rajya Sabha and later in the Lok Sabha in May 2016. Now the Bill will go for Presidential assent as per Article 111 of Indian Constitution.
INTERNATIONAL:
Greece passes pension, tax reform bill

·        Greece’s Parliament has approved a bill that would reform the country’s pension and tax systems. The vote took place during a crippling general strike and protests.
·        The bill was passed by the 153 lawmakers of the ruling Syriza-Independent government coalition in voting.
·        Debt-ridden country’s Labor Minister George introduced the bill he observed that social security contributions would decline for many self-employed professionals.
·        The bill, introduced as part of requirements the country must meet under its third international bailout, is set to increase social security and pension contributions and raise taxes for most people.
Greece:
ü  Capital: Athen
ü  Currency: Euro
ü  Prime Minister: Alexis Tsipras
Rodrigo Duterte wins Philippines Presidential polls:
·        In Philippines, maverick anti-crime candidate Rodrigo Duterte has won the Presidential elections, following the withdrawal of his opponents.
·        Although, the official result has not yet been declared, main rival Mar Roxas admitted defeat after polls gave Mr Duterte an unassailable lead.
·        The 71-year-old, Duterte, has credited his success to his tough stance on law and order.
·        His record as the crime-crushing mayor of the southern town of Davao, once notorious for its lawlessness, earned him the moniker The Punisher and resonated with voters.
Austrian Chancellor Werner Faymann resigns:
·        Austrian Chancellor Werner Faymann has resigned after losing the support of Social Democratic party colleagues.
·        He told a news conference that Austria needed a Chancellor who had his party fully behind him.
·        Deputy Chancellor Reinhold Mitterlehner is to take over as chancellor on an interim basis.
37,000 India files in new Panama papers released:
·        The International Consortium of Investigative Journalists (ICIJ) late released 2.6 terabyte of Panama papers data on over 11.5 million financial and legal records, including about 37,000 files related to India.
·        The India-related documents pertain to 22 offshore entities, 1,046 individuals, 42 intermediaries and 828 addresses.
Obama signs into law new restrictions on Syrian antiquities:
·        The United States stepped up efforts to stop the Islamic State’s trade in looted antiquities as President Barack Obama signed into law new import restrictions on Syrian cultural artifacts.
Airport Show opens in Dubai:
·        An Airport Show has opened in Dubai with participation of more than 300 companies from 55 countries including India.
·        It will showcase a diverse portfolio of technologies and solutions in the aviation sector.
·        This is the 16th edition of the Airport Show and premier airport event for the Middle East, North Africa and Indian subcontinent region.
·        The show has recorded a 30 per cent growth in participants for the Business Connect programme with an all-time high participation of 154 buyers.
·        This year’s show will see buyers from – Algeria, Armenia, Bahrain, Botswana, Egypt, Ethiopia, India, Iraq, Kuwait, Lebanon, Pakistan, Qatar, Saudi Arabia, Serbia, Sri Lanka, Sudan, Tanzania, Tunisia, Turkey, Uganda, Zimbabwe and the host country, UAE.
Obama signs National Bison Legacy Act making Bison the First National Mammal:
·        US President Barack Obama signed National Bison Legacy Act into law officially making the American bison the country’s first national mammal.
·        With this, Bison, the animal that once roamed North America, joins the ranks of the Bald Eagle as the official symbol of the country.
·        Its designation as national mammal do not hampers bald eagle’s position as the national animal because eagle that is birthed through eggs in not a mammal.
Urgent action needed to end the AIDS epidemic by 2030: UN Report
·        United Nations released a new report named On the Fast-Track to end the AIDS epidemic.
·        The report warns that the AIDS epidemic could be prolonged indefinitely if urgent action is not taken within the five years to come.


APPOINTMENTS:
Ranglal Jamuda appointed Odisha food commission chairman:
·        The Odisha government has constituted a three-member State Food Commission with Ranglal Jamuda, former Union secretary, Food Processing Industries, as its chairman.
·        According to an official release, two other members of the Commission are former CBI Special Judge Manoj Kumar Panda and former Kendrapara MLA Sipra Mallick.
·        The newly formed Commission will probe any matter relating to implementation of National Food Security Act (NFSA) in the state.
Mrugank Paranjape took charge as MD and CEO of Multi Commodity Exchange:
·        Mrugank Paranjape took charge as managing director (MD) and chief executive officer (CEO) of Multi Commodity Exchange (MCX), country’s largest commodity exchange.
·        He will have tenure of 3 years. His appointment fills the vacancy of the post which was vacant for past two years.
·        Prior to this, Mrugank Paranjape was working with Deutsche Bank for 14 years as Asia Pacific Head of Trust & Securities Services/Cash Management for Financial Institutions.
BANKING :
South Indian Bank announces tie up with National Australian Bank
·        South Indian Banki. Thrissur-based South Indian Bank has tied-up with National Australia Bank (NAB) for online inward remittance from Australia at competitive rates.
·        The remittance fee is as low as AUD 7 and the arrangement enables faster, hassle-free remittance through internet at the best exchange rates as the exchange rate is decided by the Bank.
·        NRI customers in Australia would get the best possible rates. The remitted money can be either converted into Indian rupee or can be kept in Australian dollar.
·        The Kerala based Bank is also having tie-ups with leading banks and exchange houses in the USA, Europe, and Asia.
Axis Bank may see Rs 9,000-cr provisioning over FY17-18:
·        Axis Bank is staring at an elevated provisioning of Rs 9,000 crore over FY17 and FY18, as it expects the asset quality pressure to continue.
·        This is much higher than the average provisioning of Rs 2,208 crore it has seen every year in the past five financial years.
ü  Axis Bank CEO: Shikha Sharma
ü  Axis Bank Headquarters: Mumbai
ü  Axis Bank Slogan: Badhti Ka naam Zindagi
RBI released draft guidelines for licensing of Universal Banks in Private Sector:
·        The Reserve Bank of India (RBI) released Draft Guidelines for on tap Licensing of Universal Banks in the Private Sector.
·        It also sought views and comments on the draft guidelines from banks, non-banking financial institutions, industrial houses, other institutions and the public at large latest by 30 June 2016.
·        RBI will issue the final guidelines will after receiving feedback, comments and suggestions on draft guidelines.

AWARDS AND HONOURS:
Indian scientist bags SGD 3 million grant from Singapore's NRF:
·        Dr Manvendra K Singh, a scientist from Uttar Pradesh's Gorakhpur city, was awarded a grant of SGD 3 million (about 14.7 crore rupees) by Singapore’s National Research Foundation (NRF).
·        Dr. Singh in the first week of May 2016 announced that he is among the seven young scientists from across the world to be endowed with the Singapore NRF fellowship.
·        The scientist has been awarded the fellowship to pursue research in the field of congenital and adult cardiovascular diseases.
BUSINESS AND ECONOMY:
Food grain output seen flat at 252.23 mn tonnes this year:
·        India’s food grain output is likely to remain flat at 252.23 million tonnes in 2015-16 due to drought in 10 states, whereas pulses output is likely to fall marginally, putting pressure on retail prices of lentils.
·        In food grain category, production of rice, coarse cereals and pulses are estimated to fall, while wheat output is likely to increase sharply to 94.04 million tonnes (MT) in 2015-16 crop year (July-June) compared to 86.53 MT last year.
Bombardier plans to invest Rs 230 crore in Gujarat unit:
·        Leading transportation company Bombardier plans to invest Rs 230 crore in its manufacturing unit at Savli near Vadodara to meet the growing demand for metro cars in the country.
·        Bomardier Transportation’s Global President Laurent Trogger said during his meeting with Urban Development Minister M Venkaiah Naidu.
ü  Gujarat Governor: OP Kohli
ü  Gujarat Chief Minister: Anandiben Patel
ü  Gujarat Capital: Gandhinagar
SCIENCE AND TECHNOLOGY:
Scientists develop second skin to reduce wrinkles, eye bags:
·        Scientists in US claim to have developed an invisible elastic film that can be applied to the skin to reduce the appearance of wrinkles and eye bags.
·        Once applied, the formula dries to form a film that mimics the properties of youthful skin, Nature Materials reports after a series of small trials.
·        At the moment it is being explored as a commercial cosmetic product. But the scientists say their second skin might eventually be used to deliver medicines and sun protection.
Flying Observatory SOFIA detects Atomic Oxygen in Martian Atmosphere:
·        Atomic Oxygen was detected in the upper layers of the Martian atmosphere known as Mesosphere.
·        This presence of Atomic Oxygen for the first time since the last observation 40 years ago was detected by an instrument onboard the Stratospheric Observatory for Infrared Astronomy (SOFIA).
·        Atomic oxygen affects how other gases escape Mars and therefore has a significant impact on the planet’s atmosphere.
·        The research was published in the journal Astronomy and Astrophysics.
SPORTS:
Michel Platini to resign as UEFA President:
·        Suspended European Football Chief Michel Platini has announced to resign as UEFA President.
·        Platini was handed an eight year suspension by the FIFA Ethics Committee last December before being lowered to six years in February by the FIFA's Appeal Committee.
Sania-Hingis continue to lead Women's Doubles rankings:
·        In Tennis, Sania Mirza and Martina Hingis continue to lead the latest Women's Doubles rankings released yesterday.
·        Sania and Hingis, who have won 13 titles together including 4 this year, maintained their joint position with 12,045 points each.
·        American Serena Williams continued to top the Singles rankings, with Angelique Kerber rising to second and Agnieszka Radwanska dropping to third.
·        In Men's Singles rankings, Swiss Roger Federer replaced Andy Murray from the 2nd spot after the Briton failed to defend his Madrid Masters title on Sunday. Novak Djokovic is still at the top.
Indian boxers fetch four medals from Asian Youth Championships:
·        Indian boxers bagged three silver and a bronze medal, to finish third in the overall standings, in the 7th Asian Youth Championships held in Kazakhstan.
·        National champion Ankush Dahiya in 60 Kilograms, Ashish Kulhirya in 64 Kilograms and Reyal Puri in 81 Kilograms categories fetched silver medals for the contingent, while Manjeet Singh contributed the solitary bronze to the tally.
·        India were placed behind Kazakhstan and Uzbekistan in the medals tally. The tournament featured more than 150 boxers from 23 countries.
OBITUARY:
US actor William Schallert passes away:
·        US actor William Schallert, who parlayed an everyman face into hundreds of television and film roles, most notably as the father in the 1960s TV situation comedy The Patty Duke Show, died.
·        He was 93. He appeared in shows spanning the history of television, did hundreds of voice overs and served as President of the Screen Actors Guild from 1979 to 1981.
·        Schallert is best remembered for his role as Martin Lane, the father in The Patty Duke Show, which aired from 1963 to 1966.
Former MLA Rajeshwara Rao passes away:
·        Former Sircilla MLA Chennamaneni Rajeswara Raohas passed away.
·        The 93-year-old Rao is the brother of Maharashtra Governor Vidyasagar Rao.
He is a freedom fighter also won as MLA for half dozen times and actively took part in Telangana armed struggle.
·        Rao worked for the Communist Party of India for four decades since his student days and was elected as its MLA four times from Vemulawada.
·        He was the president of the Telangana Freedom Fighters Association and the president of the farmers’ wing of CPI.


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