27 May 2016

Daily Current Affairs Updates– 27th May 2016

Daily Current Affairs Updates– 10th May 2016
Daily Current Affairs Updates– 27th 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:

T S R Subramanian panel submits report on New Education Policy

·        A government-appointed committee headed by former Cabinet Secretary T S R Subramanian has submitted its report for the evolution of a New Education Policy the HRD Ministry said.
·        "The Committee has submitted the report containing its recommendations to the Ministry of HRD," an official statement said.
·        The HRD Ministry had undertaken a consultation process for framing a New Education Policy (NEP) and this process included online, grassroots and national-level thematic deliberations on 33 themes.
1st bullet train to run in India in 2023: Prabhu
·        The first bullet train will run in India in 2023, and its work is on track, Railway Minister Suresh Prabhu said.
·        The train will connect Mumbai and Ahmedabad and is expected to cover 508 km in about two hours, running at a maximum speed of 350 kmph. The high-speed​ rail corridor will have a 21 kilometre-long under-sea tunnel.
SC refuses to stay President's NEET ordinance
·        The Supreme Court on Friday dismissed a plea seeking a stay on the NEET ordinance cleared by President Pranab Mukherjee.
·        The ordinance allows state boards to skip the common medical entrance exam for one year. "Let us not create further confusion on entrance examination and let students appear for test with...certainty,” the apex court said.
Govt to spend Rs.5.5k cr on infra in 111 cities
·        The Centre has approved an investment of ₹5,534 crore for 111 Atal Mission (AMRUT) cities in the states of Madhya Pradesh, Gujarat, Rajasthan, Odisha, Jharkhand and Meghalaya.
·        The funds will be used for providing household water taps, improving water supply, sewerage networks/septage management, storm water drains, urban transport and provision of open and green spaces in these cities.
Banks distributed Rs 1.32 lakh crore under Mudra Yojana: Bandaru Dattatreya
·        Banks have so far distributed Rs 1.32 lakh crore under the NDA government's flagship scheme 'Pradhan Mantri Mudra Yojana' to as many as 3.48 crore beneficiaries, most of them from weaker sections across the country, Union minister Bandaru Dattatreya said on Thursday.
·        "Most of the beneficiaries belong to SC, ST and weaker sections. This is not an ordinary task. Loans worth Rs 1.32 lakh crore were extended by banks to you people (economically weaker sections). So this government is pro-poor government.
INTERNATIONAL:
UN chief Ban Ki-moon urges dialogue between North and South Korea
·        UN Secretary General Ban Ki-moon today urged a return to talks with North Korea, during a visit to South Korea that has fuelled speculation of his presidential ambitions in his home country.
·        "We must find the path back to dialogue," Ban said at a peace and security forum on the southern island of Jeju.
·        Tensions between North and South Korea have been running high since Pyongyang conducted a fourth nuclear test in January.
China's service trade deficit narrows to $20.3 bn in April
·        China's trade deficit in services narrowed to $20.3 billion in April from $21 billion in March, the foreign exchange regulator said on Thursday.
·        April's gap was largely led by a $18.3 billion gulf in spending between Chinese who spent more abroad than foreign tourists did in China, data from the State Administration of Foreign Exchange (SAFE) showed.
G-7 leaders discuss terrorism, refugees and women related issues among others
·        The leaders of the Group of Seven industrialized economies pledged to tackle major economic and political risks including terrorism, floods of refugees, climate change and cyber-attacks.
·        Here are highlights of the G-7 leaders' declaration:
o   World Economy: The G-7 leaders said it was an urgent priority to "collectively" tackle global economic challenges.
o   Terrorism: The leaders condemned terrorism in all forms, saying attacks and human rights abuses targeting civilians pose serious challenges to peace, security and humanity.
o   Refugees: The G-7 leaders said large-scale migration and refugee flows are a global challenge.
o   Climate: The leaders agreed to lead efforts to win approval for the Paris Agreement on curbing global warming in 2016 and pledged to formulate strategies to reduce emissions of greenhouse gases ahead o
o   The other aspects include Energy, Health, Women, Cyber Crime, Anti-Corruption.
Donald Trump wins Republican nomination for US President
·        Donald Trump reached the number of delegates needed to clinch the Republican nomination for president Thursday, completing an unlikely rise that has upended the political landscape and set the stage for a bitter fall campaign.
·        The good news for Trump, reported by The Associated Press after a nationwide survey of unbound delegates, was tempered by continuing problems for his campaign.
SoftBank president Nikesh Arora receives salary package of $73 million in FY16
·        Nikesh Arora, the Indian-born president of SoftBank Group, received a salary package of $73 million or Rs 500 crore in 2015-16.
·        He is one of the top paid executives in the world for the second straight year.
·        As per the report, Arora's pay package stood in the same bracket as those of Apple Inc. Chief Executive Officer Tim Cook and Walt Disney Co.’s Bob Iger.
SC Allows Italian Marine Salvatore Girone to go Home
·        Salvatore Girone is one of the two Italian marines accused of killing two fishermen off Kerala.
·        SC said the Italian marine shall be brought to India as and when required.
·        Co-accused in the case, Massimiliano Latorre, is already in Italy.
·        He is allowed on the apex court's condition that the Italian Ambassador should give an undertaking to the court that he would return to face the criminal.
BANKING NEWS:
SBI net profit drops 66% to Rs1,264 crore in Q4
·        The country's biggest lender State Bank of India (SBI) reported a 66% drop in net profit to Rs1,264 crore for the quarter ended March.
·        SBI was hit by an 89.73% jump in provisions for bad loans to ₹13,174 crore.
·        Further, gross bad loans as a percentage of total loans rose to 6.5% in March from 5.1% in December.
HDFC among world's top 10 consumer financial services company
·        Mortgage lender HDFC Ltd has been ranked among the world's ten biggest and most powerful companies in the consumer financial services sector on a Forbes list topped by global major American Express.
·        Ranked 7th, HDFC is the only Indian company in top-ten in this category, where others include Capital One, Visa and MasterCard.
·        In the overall list of the world's 2,000 largest and most powerful public companies compiled by Forbes, HDFC is ranked 404th while it is at tenth position among Indian firms.
·        There are total 56 Indian companies on the list, with Reliance Industries ranked highest among them. It is at 121st place globally.
BUSINESS NEWS:
Intel unveils new 'Digital India' initiatives
·        Intel India announced new initiatives to support the government's 'Digital India' campaign.
·        The company introduced 'Unnati Kendra at Common Service Centre' in Haryana that will serve as a common access digital learning centre.
·        It also launched 'Digital Unnati', an online portal to help village level entrepreneurs learn how to assemble a PC online and develop their technology know-how.
Morgan Stanley cuts Flipkart valuation to $9.4bn
·        Morgan Stanley Fund has marked down the value of its shares in Flipkart by 15.5% to $87.9 per share as of March 31, 2016 from $103.97 as of December 31 last year.
·        This is the second consecutive markdown by Morgan Stanley pegging Flipkart's valuation at $9.39 billion, as compared to the $15.2 billion when it last raised capital.
Fitch projects India’s GDP growth at 8% by FY19
·        Financial ratings agency Fitch on Thursday projected India’s economic growth to accelerate to 8% by 2018-19, from 7.9% in 2017-18 and 7.7% in 2016-17.
·        “Gradual implementation of the structural reform agenda, which continues to broaden, is expected to contribute to higher growth,” Fitch said. In comparison, it estimated global growth to remain at around 3% in 2018.
APPOINTMENTS:
Mamata sworn in as WB CM 2nd consecutive time
·        Trinamool Congress (TMC) chief Mamata Banerjee (61) today took oath as the Chief Minister of West Bengal for the second consecutive term.
·        Winning 211 seats out of the total 294, TMC became the first single party to win the seats without alliance in West Bengal's history.
·        In 2011, Banerjee had become the first ever female CM of the state.
Baciro Dja was named as Guinea-Bissau's new prime minister
·        Two weeks after sacking his entire government, the president of Guinea-Bissau named Baciro Dja as the west African country's new prime minister, in a move that triggered immediate protests from the ruling party.
·        Dja's appointment, announced by presidential decree, was swiftly condemned by the ruling African Party for the Independence of Guinea and Cape Verde (PAIGC), whose supporters set fire to tyres near the presidential palace.
·        Riot police deployed to provide extra security dispersed dozens of stone-throwing protestors with tear gas, and threaten, in the words of one of their commanders, "to shoot anyone who crosses the palace gates".
Bangar appointed India coach for Zimbabwe tour
·        Coach of IPL franchise Kings XI Punjab Sanjay Bangar has been appointed India's head coach for the team's tour to Zimbabwe.
·        Bangar had previously worked as India's assistant coach till the World T20 under team director Ravi Shastri.
·        India will play three T20s and three ODIs in Zimbabwe, starting on June 11.
AWARDS AND HONORS:
56 Indian companies on Forbes 'Global 2000' list
·        As many as 56 Indian companies have been named in Forbes’ recently released ‘Global 2000’ list of the world's largest public companies.
·        Reliance Industries, ranked 121, emerged as the most valuable Indian company, followed by SBI (149) and ONGC (220). Globally, the top three spots were held by Chinese banks, with Industrial and Commercial Bank of China leading the list.
Sunil Mittal gets highest Harvard B-School award
·        Sunil Bharti Mittal, the founder and chairman of Bharti Enterprises, has received the Alumni Achievement Award of Harvard Business School from Dean Nitin Nohria.
·        The award, presented annually since 1968, is the highest honour given to any alumnus of the institute. Notably, Mittal had also been felicitated with a Padma Bhushan, the country's third highest civilian honour, in 2007.
DEFENSE NEWS:
India and Russia agree to export BrahMos missile
·        India and Russia have agreed in principle to export BrahMos, the world’s fastest anti-ship cruise missile, to the UAE, Vietnam, South Africa and Chile.
·        Discussions with other countries including Philippines, South Korea and Greece are also underway. The short-range supersonic missile can be launched from submarines, ships, aircraft or land, and can fly as low as 10 metres above ground.
IAF successfully test fires unique BrahMos supersonic cruise missile
·        An advanced version of BrahMos land-attack supersonic cruise missile system was successfully test fired on Friday at 12 noon in the Western Sector by the Indian Air Force (IAF).
·        The unique BrahMos weapon system on numerous occasions has established its supremacy in the World of supersonic cruise missile.
·        The flight, conducted on Friday, in one of the firing range in western sector has met its mission parameters in a copybook manner.
SCIENCE AND TECHNOLOGY:
New clock measures the second more accurately
·        German researchers claimed to have found a way to make the most accurate clock ever.
·        The new clock 'ticks' almost 50,000 times more per second than the traditional caesium-based atomic clock, thereby increasing the precision significantly.
·        Researchers claimed that if the clock had started at the Big Bang around 14 billion years ago, it would have lost just 100 seconds.
SPORTS NEWS:
Sonia Lather reaches Women's World Boxing final
·        India's Sonia Lather defeated Kazakhstan's Aizhan Khojabekova in their semi-final bout to reach the final of the 57 kg category of the AIBA Women's World Boxing Championships.
·        She won by a 3-0 verdict, with the judges' scores reading 39:37, 40:36 and 40:36. Lather will now face Italy’s Alessia Mesiano in the final as the winner will be crowned World Champion.
India claim silver in Asian Team Snooker Championships
·        India lost to an Iran team consisting of Amir Sarkhosh and Soheil Vahedi in the final of the 2016 Asian Team Snooker Championships.
·        The Indian team of Pankaj Advani, Manan Chandra and Aditya Mehta took the lead before losing the second singles and doubles to trail 1-2.
·        Advani made it 2-2, before Iran took the final set, winning 3-2.
OBITUARY:  
Noted Marathi literary critic R G Jadhav passes away
·        Noted Marathi critic and litterateur R G Jadhav passed away at his residence here this morning following prolonged illness. He was 83.
·        Born on August 24, 1932, at Vadodara in Gujarat, Jadhav served as a professor of Marathi literature in various colleges, including one in Amravati, Elphinstone College in Mumbai, and also at Milind College in Aurangabad.






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