26 May 2016

Daily Current Affairs Updates– 26th May 2016

Daily Current Affairs Updates– 10th May 2016
Daily Current Affairs Updates– 26th 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.
NATIONAL:
Union Cabinet approves MoU between ISRO and United Arab Emirates Space Agency
·        The Union Cabinet has approved Memorandum of Understanding (MoU) signed between Indian Space Research Organisation (ISRO) and the United Arab Emirates Space Agency (UAESA) for cooperation in the exploration and user of outer space for peaceful purposes.
·        Decision in this regard was taken by Union Cabinet meeting chaired by the Prime Minister Narendra Modi in New Delhi.
·        The MoU seek to set up a Joint Working Group with members from ISRO and UAESA. It will further work out the plan of action including the time-frame and the means of implementing the MoU.
Cabinet gives ex-post facto approval to India-Maldives MoU on tourism
·        The Union Cabinet chaired by Prime Minister Narendra Modi has granted ex-post facto approval to the MoU signed between the Ministry of Tourism, Government of India and the Ministry of Tourism, Government of Maldives for strengthening co-operation in the field of tourism.
·        The MoU is considered instrumental in increasing arrival from Maldives. In recent years, Maldives has emerged as an important tourism generating market for India.
HC Stays 10 % Reservation ForJats, Five Other Communities
·        The high court passed the order while hearing a petition challenging the constitutional validity of The Haryana Backward Classes (reservation in services and admission in educational institutions) Act 2016 that was passed unanimously by the state Assembly.
·        The five other communities – including Jat Sikhs, Muslim Jats, Bishnois, Rors and Tyagis – would be entitled to 10 per cent reservation in government services and admission in educational institutions.
Union HRD Minister Launches Bharatavani Portal
·        The Union HRD Minister, SmtSmritiZubinIani launched the multilingual knowledge portal www.bharatvani.in at Lucknow.
·        While launching the app the Minister said that under the Prime Minister Shri Modi's Digital India Mission, Bharatavani App will perform the task of bringing about digital revolution in the county.
·        The Government's mission is to showcase the Indian culture and heritage to the world through the medium of technology.
Now dial 139 to cancel waitlisted, RAC tickets
·        Railway Minister Suresh Prabhu announced that waitlisted and RAC (reservation against cancellation) ticket holders can now cancel their tickets by dialing 139.
·        Earlier, this facility was available only for confirmed tickets. Online cancellation through 139, however, will be permitted only till 30 minutes before the scheduled departure of the train for RAC and waitlisted tickets.
Gadkari launches safety feature-rich Nirbhaya buses
·        Union Road Transport and Highways Minister Nitin Gadkari launches 20 Nirbhaya buses of Rajasthan State Transport Corporation with multiple safety measures to better protect women passengers.
·        Nirbhaya bus security measures include Vehicle Tracking System (VTS), CCTV and panic buttons on every seat.
Cabinet clears Railway projects worth Rs 11,000 crore
·        The Cabinet Committee on Economic Affairs (CCEA) gave its approval for Railway projects worth Rs 11,000 crore.
·        These include Bina-Katni 3rd line project at an estimated cost of nearly 2,500 crore.
·        The 279 km long railway line is expected to be completed in five years.
Union Cabinet gives approval to 6 new IITs
·        Union Cabinet approved 6 new IITs at Goa, Jammu (Jammu and Kashmir), Tirupati (Andhra Pradesh), Palakkad (Kerala), Dharwad (Karnataka), and Bhilai (Chhattisgarh).
·        It also approved the conversion of Indian School of Mines, Dhanbad to an IIT. “The approval will bring six new Indian Institutes of Technology within the ambit of The Institutes of Technology Act, 1961," officials said.
INTERNATIONAL:
Renewable energy employed 8.1 million in 2015: IRENA
·        The global renewable energy sector employed more than 8.1 million people last year, a 5 per cent increase that bucked an overall downwards market trend, a green energy organisation said Wednesday.
·        In its annual review of the sector, the Abu Dhabi-based renewable energy agency IRENA attributed the rise to falling technology costs and more accommodating energy policies.
Murder of Congolese national: African countries want ‘Africa Day’ put off
·        Outraged over the recent killing of a Congolese national, African countries have demanded concrete steps against “racism and Afro-phobia” and sought deferment of the celebrations of Africa Day by India, which Wednesday assured them of safety and security of their nationals.
·        The envoys of the African nations, taking strong exception to killing of Congolese national Masonda Ketada Oliver last week, said they will not attend the “Africa Day” celebrations scheduled tomorrow and that India must take “concrete steps” to guarantee the safety and security of its African nationals.
US lists 2 Pak-based groups as global terrorists
·        The US on Wednesday designated two Pakistan-based Islamist groups with links to Taliban and Lashkar-e-Taiba as Specially Designated Global Terrorists.
·        The organisations are Tariq Gidar Group (TGG), blamed for the 2014 massacre at the Army Public School in Peshawar, and Jama’atul Dawa al-Qu’ran (JDQ).
·        This blocks all their properties under US jurisdiction and prohibits any transaction with them.
World economy, terrorism take centre stage as G7 leaders meet in Japan
·        World leaders began two days of G7 talks in Japan on Thursday, with concerns about the health of the global economy, terrorism, Europe's refugee crisis and disquiet over China's growing influence set to dominate proceedings.
·        Heads of state and governments from the United States, Britain, France, Germany, Italy, Canada and host Japan are meeting in Ise-Shima, 300 kilometres (200 miles) southwest of Tokyo.
BANKING NEWS:
SEBI likely to delist 4,200 firms; warns erring promoters
·        The Securities and Exchange Board of India plans to reduce the number of publicly listed companies in the country by providing an exit option to investors in companies whose stocks are listed on regional exchanges and on stocks which have not been traded for seven years or more as part of a set of measures which the capital market regulator wants to implement this fiscal.
·        The proposal envisages promoters of over 3,000 companies offering an exit option to investors. These firms include those listed exclusively on regional stock exchanges and 1,200 odd companies whose shares have been suspended for over seven years on either the BSE or the NSE. The exit will be at fair value which will be determined by a third party valuer appointed by the bourses.
BUSINESS NEWS:
EPFO doubles insurance for subscribers to Rs 6 lakh
·        Government has enforced the decision of retirement fund body EPFO to almost double the maximum sum assured under its insurance scheme from 3.6 lakh to 6 lakh rupees.
·        It will benefit around four crore subscribers.Labour Minister BandaruDattatreya told to reporters in New Delhi, that the notification to enhance amount has been issued.
HFCL gets government loan waiver of over Rs 9,000 crore
·        The Union Cabinet on Wednesday waived off loans worth more than Rs 9,079 crore owed by Hindustan Fertilizer Corporation Ltd (HFCL) as part of a financial restructuring package for the PSU.
·        The Cabinet approved waiver of government loan of Rs 1,916.14 crore as on March 31, 2015 and the outstanding interest amount of Rs 7,163.35 crore as on same date, according to an official statement.
Cabinet approves 1st ever Capital Goods Policy
·        Aiming to create 21 million new jobs by 2025, the Union Cabinet approved India's first-ever National Capital Goods Policy.
·        It aims to create an ecosystem for a globally competitive capital goods sector and increase production to over Rs.7.5 lakh crore from the current Rs. 2.3 lakh crore by 2025. Notably, capital goods are those used in manufacturing other goods.
APPOINTMENTS:
Lt General Saini new commandant of IMA
·        Lt General S K Saini assumed the office of commandant of the prestigious Indian Military Academy (IMA) in Dehradun.
·        Lt General S K Saini:Saini is an alumni of National Defence Academy (NDA) and IMA. In 1981, he was commissioned to the seventh battalion of the Jat regiment.
Indian-American Appointed To Democratic Party’s Policy Panel
·        Indian-American NeeraTanden has been appointed by the Democratic party to a panel that would draft its policy agenda for the November presidential election.
·        Tanden, 45, a long-time associate of Democratic presidential front-runner Hillary Clinton, is being touted as a potential cabinet member if Clinton is elected as the US president in the November general elections.
·        The platform committee would draft the party’s policy agenda which is akin to election manifesto in India.
AWARDS AND HONORS:
Indian-American students sweep National Geographic Bee contest
·        Indian-American students have swept the prestigious national bee competitions, securing the first three positions for this year's National Geographic Bee championship finals.
·        Rishi Nair, 12, a sixth grader from Florida took top honours at the 28th annual National Geographic Bee held at the National Geographic headquarters in Washington. As National Geographic Bee champion, Rishi received a US $50,000 college scholarship and a lifetime membership in the National Geographic Society. This is the fifth consecutive year that an Indian-American has won the prestigious national tournament.
·        Eighth-grader SakethJonnalagadda, 14, from Massachusetts was the runner up and recipient of the US $25,000 college scholarship. Third place and a US $10,000 college scholarship was grabbed by Kapil Nathan, a 12-year-old sixth-grader from Alabama.
·        Indian-American students have consistently performed exceptionally well at various bee competitions over the years.
·        The spelling bee competition has produced Indian-American champions for eight consecutive years, and 13 of the past 17, a run that began in 1999.
US biochemical engineer wins $1.2 million technology prize
·        American biochemical engineer Frances Arnold, whose discoveries in “directed evolution” have helped produce medicines, including drugs for treating diabetes, on Tuesday was awarded this year’s euro 1 million ($1.2 million) Millennium Technology Prize.
·        The 59-year-old professor of chemical engineering, bioengineering and biochemistry at the California Institute of Technology in Pasadena, was cited for “groundbreaking work that has a great impact on areas such as pharmaceuticals and gene therapy,” with hundreds of laboratories and companies around the world using methods she developed, committee chairman Jarl-Thure Eriksson said.
SCIENCE AND TECHNOLOGY:
India fifth largest producer of e-waste: study
·        India, which has emerged as the world’s second largest mobile market, is also the fifth largest producer of e-waste, discarding roughly 18.5 lakh tonnes of electronic waste each year, a study says.
·        Telecom equipment alone accounts for 12 per cent of the e-waste, a joint study by Assocham-KPMG said.
·        Matter of concern:The rising levels of e-waste generation in India have been a matter of concern in recent years. With more than 100 crore mobile phones in circulation, nearly 25 per cent end up in e-waste annually, it said.
SPORTS NEWS:
Sonia Lather lone Indian boxer to reach semis of World Championships
·        Former Asian silver-medallist Sonia Lather is the lone Indian boxer to make the semifinals at the AIBA Women’s World Championships in Kazakhstan.
Disciplined Sunrisers Hyderabad knock KKR out, seal Qualifier 2 berth
·        Sunrisers Hyderabad produced a clinical performance to seal their place in the Qualifier 2 as they crushed the hopes of two-time champions Kolkata Knight Riders with a comfortable 22 runs win in the IPL Eliminator, here tonight.
·        After putting on 162 for eight, riding on Yuvraj Singh's 30-ball 44, Sunrisers came up with a fine bowling performance and accurate catching to restrict KKR to 140 for eight to progress to the Qualifier 2 stage for the first time since making their debut in 2013.
17 years since Manchester United won their 2nd CL title
·        Manchester United lifted their second Champions League title on May 26, 1999, by defeating Bayern Munich in the finals at Nou Camp, Barcelona.
·        After conceding a goal inside six minutes from kick-off, the Red Devils scored twice in injury-time, courtesy Teddy Sheringham and Ole Gunnar Solskjaer's goals in the 91st and 93rd minute respectively to clinch English football's first treble.





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