18 May 2016

Daily Current Affairs Updates– 18th May 2016

Daily Current Affairs Updates– 10th May 2016
Daily Current Affairs Updates– 18th 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:
·        International Museum Day
NATIONAL:
Maharashtra asks UN arm to train cops in cyber security:
·        The Maharashtra government has requested the Strong Cities Network (SCN) of United Nations to train the state police in cyber security, Maharashtra MoS for Home Ranjit Patil said.
·         SCN, launched in 2015, is the first global network of municipal level officials to counter violent extremism in all its forms.
·        The network covers 35 cities globally, including Mumbai.
I-T Department launches new grievance redressal tool:
·        The Income Tax department has launched 'e-nivaran' (electronic solution), a special grievance redressal system to fast-track grievances and ensure early resolution of taxpayers' complaints.
·        It comes under the Income Tax Business Application, the new smart electronic platform for the operations of the department.
·        The system tracks a complaint from its origin, till it reaches its final resolution.
Maneka releases draft National Policy for Women:
·        Union Minister Maneka Gandhi unveiled the draft 'National Policy for Women, 2016' focusing on protecting women from cyber crime and recognising the rights of single women.
·        "The focus has shifted from just welfare to welfare with a heavy dose of rights. This policy will define government action towards women for the next 15 to 20 years", Gandhi said.
Punjab gets world's largest rooftop solar plant:
·        The world's largest solar power plant on a single rooftop with a capacity of 11.5 megawatts was inaugurated by Punjab CM Parkash Singh Badal at Dera Baba Jaimal Singh near Amritsar.
·        The project is also India's largest rooftop solar power plant installed over multiple roofs in a single campus with a capacity of 19.5 megawatts, Punjab government claimed.
Union Government opened Tatkal Window to expedite examination of patent applications:
·        The Union Government opened up a Tatkal Window to expedite examination of patent applications by start-ups as well as entities choosing India for the first filing of patent.
·        The move came in the backdrop of 2.37 lakh patent applications pending in the country.
·        The government is aiming to bring down the time period for initial examination of patent applications from the present 5-7 years to 18 months by March 2018.
·        The move will popularise India as a patent filing hub so that more companies file applications in India.
Delhi government releases full statehood bill online:
·        The Delhi government today released the draft bill on full statehood for the national capital online.
·        Chief Minister Arvind Kejriwal has asked the public to give their suggestions on the draft bill till June 30.
·        A final version of the draft will be tabled in the upcoming session of Delhi Assembly, following which it will be sent to the Centre.
National Conference on ‘Gaushalas’ Inaugurated:
·        National Conference on ‘Gaushalas’ Inauguratedi. The Ministry of Environment, Forest and Climate Change and Department of Animal Husbandry, Dairying & Fisheries organized a day-long national conference on Gaushalas -cowsheds.
·        Environment, Forest and Climate Change Minister Prakash Javadekar underlined that villages were traditionally planned in such a manner that there were facilities for human beings and fodder for animals.
·        The Ministry is mulling for draft of a policy is being prepared, which will include a provision to provide protein-rich fodder free of cost to the people living in villages adjoining the jungles.
Odisha to launch Green Passage Scheme for orphan students:
·        The Odisha government has coined a special scheme named Green Passage for orphan students. This proposed scheme will function under the Higher Education Department.
·        Odisha Chief Minister Naveen Pattnaik asked all government and private universities to implement the plan.
·        Of this 16,382 orphans are currently pursing higher studies in 272 institutions in the State.
·        This scheme eases the onus on the orphan students due to pressure of fees as admission fees, examination fees and tuition fees for pursuing higher education. They will also be provided free hostel facilities and food.
NK Singh committee formed to review and give recommendations on FRBM roadmap:
·        The Union Government constituted a five member committee to comprehensively review and give recommendations on the Fiscal Responsibility and Budget Management (FRBM) roadmap for the future.
·        The committee will be headed by former Revenue and Expenditure Secretary NK Singh. It has been asked to submit its report by 31 October 2016.
·        Other members of the Committee are Sumit Bose, former Finance and Revenue Secretary, Dr. Arvind Subramanian, Chief Economic Adviser, Urijit Patel, Deputy Governor, RBI and Rathin Roy, Director, National Institute Public Finance and Policy, NIPFP.
INTERNATIONAL:
Apple CEO Tim Cook starts his much-anticipated India tour
·        Apple CEO Tim Cook started his much-anticipated India tour with a pre-dawn visit to the Shri Siddhivinayak Temple at Prabhadevi in Mumbai.
·        He was accompanied by Apple India head Sanjay Kaul and other Apple executives.
·        The Apple CEO arrived in India late yesterday night. Mr. Cook’s visit to India comes at a crucial point when the iPhone makers seek to cash in on the huge potential in the world’s largest smartphone market.
World's 'tallest' roller coaster opens in US:
·        The 'Valravn' roller coaster, claimed to be the tallest, fastest and longest “dive coaster” in the world, has opened at 'Cedar Point', an amusement park in Ohio, USA.
·        The ride features a drop of 214 feet and speed of upto 121 km/h. A video clip featuring a first person perspective of the ride has been released by the amusement park.
Panama signs OECD tax information pact:
·        The Republic of Panama has officially signed a deal to comply with standards in exchanging tax information as prescribed by global body Organisation for Economic Co-operation and Development (OECD).
·        Notably, this comes a month after the 'Panama Papers' data leak which revealed records of over 200,000 offshore companies.
·        However, the new membership does not take effect until 2018.
Italian Parliament approves same-sex civil unions:
·        The Italian senate has passed legislation legalizing same-sex civil unions, with 372 voting in favour, 51 against and 99 abstaining.
·        Up To date, more than 20 countries have legalised gay marriage. The law also makes this right available to unmarried heterosexual couples.
·        With this, it has become the last country in Western Europe to do so.However, the bill has yet to be assented by the Italian President.
APPOINTMENTS:
Tala Marandi appointed Jharkhand BJP chief
·        The Bharatiya Janata Party (BJP) appointed Tala Marandi as the party’s Jharkhand unit President.
·        The 52-year-old leader, who is also an MLA from the state, replaces Ravindra Kumar Rai, who is a Member of Parliament from Koderma, Jharkhand.
·        Marandi, who was earlier a member of Congress, had joined the BJP in 2003.
SamajWadi Party nominates Amar Singh for Rajya Sabha:
·        The Samajwadi Party (SP) nominated its former leader Amar Singh for the Rajya Sabha along with six others.
·        The decision was taken by SP's Central Parliamentary Board at a meeting in Lucknow.
·        The other nominees include Beni Prasad Verma, Sanjay Seth, and Sukhram Yadav among others.
·        The elections for Rajya Sabha are scheduled for next month.
‘Lady Singham’ Manzil Saini becomes first woman SSP of Lucknow:
·        Uttar Pradesh government has appointed Manzil Saini as the new Senior Superintendent of Police (SSP) of state capital Lucknow.
·        Saini will fill the shoes of Rajesh Pandey who has been attached to the DGP office.
·        With this UP thus making her the first-ever woman district police chief in the state capital.
·        The police officer was earlier posted in Badayun, Muzaffarnagar and Mathura.
·        Since started her career as the police force, the 2005 batch IPS officer has hit headlines. She’s popularly known as Lady Singham.
BANKING :
IDFC Bank launches #IDFC Twitter Resume campaign on Twitter to find prospective employees, attract millennials:
·        Mumbai based IDFC Bank has launched Twitter campaign dubbed   #IDFCTwitterResume which will help in applying for a new job as simple as sending out a tweet.
·        The newest private bank has just rolled out the first-of-its-kind campaign, where you can sell yourself in 140 characters and land a job in the bargain.
·        The soft launch intends to post job vacancies that there are about 12-14 profiles on offer at junior to mid-levels, largely across sales, service and operations.
·        The bank intends to make around 500-700 closures through this medium even as it looks to nearly double its current workforce to 4500-odd by the end of this fiscal.
IDFC Bank:
ü  Founded: 2015
ü  Headquarters: Mumbai
ü  Managing Director& CEO: Rajiv B. Lall
ü  Tagline: Banking Hatke
DBS Bank to set up new technology hub in Hyderabad:
·        Singapore-based DBS Bank has decided to set up its biggest technology hub outside its headquarters in Hyderabad. The company also plans to hire about 1,500 people over the next two years.
·        This decision from the Singapore major is to focus on technology and in order to grow it, the lender has launched a mobile-only bank recently.
·        This tech hub comes at a time when the lender is awaiting clearance from the RBI India to convert into a wholly-owned subsidiary in the country.
DBS Bank:
ü  Headquarters: Singapore
ü  CEO: Piyush Gupta.
AWARDS AND HONOURS:
Indian Based American scientist to receive National Medal of Science award from US President Barack Obama:
·        A 65 year old India American Scientist Rakesh K Jain has been honored with US Prestigious “National Medal of Science” from the US President Obama for his contribution towards Engineering field.
Indian-American Teen Syamantak Payra Wins Intel Young Scientist Award:
·        Indian-American boy Syamantak Payra has won the prestigious Intel Foundation Young Scientist Award for developing a low-cost electronically-aided knee brace that enables a person with a weakened leg to walk.
·        The award was given by Intel Corporation and the Society for Science and the Public (SSP) at the 2016 ‘Intel International Science and Engineering Fair’ in Arizona that featured more than 1,700 young scientists selected from 419 affiliate fairs held in 77 countries.
·        A 15-year-old teen Payra is from Texas has begged USD 50,000 award along with 17-year-old Kathy Liu.
·        These ISEF awards are based on students’ abilities to tackle challenging scientific questions, use authentic research practices, and make solutions for the problems.
JK Rowling receives highest French civilian honour:
·        Eminent Harry Potter Series Author JK Rowling has been honored with the highest French civilian honour French Legion of Honour.
·        J K Rowling or Robert Galbraith is a British novelist, screenwriter and film producer. She was given honorary title by the President of France Mr. Nicolas Sarkozy at a ceremony in Paris.
BUSINESS AND ECONOMY:
Penguin brings mobile bookstore to India:
·        Penguin on Wheels, a mobile bookstore initiative by Penguin Books India and Walking BookFairs, will travel all India making it easy for readers to choose from a wide collection of titles, including Penguin Classics.
·        Penguin claims this is a first-of-its-kind initiative by a publishing house in India. The mobile bookstore also aims to engage the audience with giveaways and contests.
MakeMyTrip allows users to buy foreign currency:
·        Travel platform MakeMyTrip partnered with Gurgaon-based BookMyForex, an online platform for foreign exchange, to let users buy foreign currency through its website or app.
·        Founded in 2012, BookMyForex lets users buy, sell or remit foreign currency instruments with door delivery or bank pickup options.
·        MakeMyTrip users will also be able to access live forex rates.
Pfizer to buy Anacor Pharma in $5.2 billion deal:
·        New York based global Pharmaceutical Corporation Pfizer Inc will buy California based Anacor Pharmaceuticals in a deal valued at $5.2 billion, net of cash, to increase access to Anacor’s experimental gel for treating eczema.
·        Present company’s inflammation and immunology medicines collection includes Enbrel and Xeljanz, which target auto-immune diseases.
·        The acquisition will facilitate the American major to access a non-steroidal topical gel, crisaborole, which is presently under review by the US Food and Drug Administration for the treatment of mild to moderate eczema.
SCIENCE AND TECHNOLOGY:
India successfully test-fires Prithvi-II missile
·        India successfully test-fired its indigenously developed Prithvi-II missile today from Chandipur, Odisha.
·        The 4,600-kilogram surface-to-surface missile, with a 350-kilometer strike range, can carry 500-1,000 kg of warheads.
·        Inducted into the armed forces in 2003, the medium range Prithvi-II missile was the first to be built by the DRDO under the Integrated Guided Missile Development Programme.
Apple announces startup accelerator in Bengaluru:
·        Apple CEO Tim Cook's maiden visit to India, the company announced to set up its first iOS app design and development accelerator in Bengaluru in early 2017.
·        The accelerator will support developers to create mobile apps for the iOS platform.
·        Apple experts will lead briefings at the centre and provide one-on-one app reviews for developers every week.
Google develops gigapixel 'Art Camera':
·        Google has developed a new camera, dubbed the "Art Camera", which is a custom-built, robotic camera capable of capturing gigapixel images quickly.
·        The project, which was unveiled by the Google Cultural Institute, lets web users view artworks down to individual brush strokes.
·        To achieve this, the camera, steered by a robotic system, took thousands of high-resolution close-ups of several artworks.
IBM demonstrates improved Phase Change Memory:
·        IBM Research scientists have demonstrated reliably storing three bits of data per cell using the Phase Change Memory technology, instead of the usual storage density, that allows cells to be either 'on' or 'off'.
·        The technology will be significantly cheaper than DRAM, which are typically used in personal computers, and will be significantly faster than flash storage, a researcher said.
World’s first Zika virus clone developed:
·        In a first, US-based researchers have genetically engineered a clone of the Zika virus strain, an advance that may aid the development of vaccine and therapies against the infection.
·        Furthermore, they also engineered a luciferase reporter Zika virus which can be used to track the infection in mosquitoes.
·        Notably, Luciferase is the chemical that causes the signature glow in fireflies.
SPORTS:
Justice Mukul Mudgal in FIFA governance committee:
·        In a major development for Indian football and judiciary, world governing body FIFA has turned to Justice Mukul Mudgal, who has been appointed as deputy chairman of its governance committee.
·        The former Chief Justice of Punjab and Haryana, who headed the IPL spot-fixing probe, said is aware of his appointment.
·        Recently, he was also roped in by the Asian Football Federation in a similar capacity and he has already had one meeting with AFC, with the second one scheduled in June.
·        Portuguese Luis Miguel Maduro, who is a former European Court of Justice Advocate General, will head FIFA’s governance committee.

·        Mudgal and Maduro will also head FIFA’s International Review Committee, which will assess all major decisions.
·        Mexico City hosted the 66th FIFA Congress where newly elected president Gianni Infantino moved a slew of resolutions and promised massive reforms.
OBITUARY:
Andre Brahic, discoverer of Neptune's rings, dies:
·        Andre Brahic, one of the discoverers of Neptune's rings, died on 15 May 2016 in Paris, France. He was 73.
·        In 1984, Brahic with US astronomer William Hubbard launched a program that led to the discovery of the rings around the gaseous planet Neptune.




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