5 May 2016

Daily Current Affairs Updates– 5th May 2016

Daily Current Affairs Updates– 3rd May 2016
Daily Current Affairs Updates– 5th 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:
Clean energy body IREDA may turn into green bank:

·        State-run Indian Renewable Energy Development Agency (IREDA) might be converted to a Green bank to enable it to access funds from overseas banks, IREDA chief KS Popli said.
·        Green banks provide low-cost financial support to low-carbon projects. Indian banks are perhaps reluctant to fund solar and wind projects in India although no such developer has defaulted on payment, he added.
Mumbai world's most crowded airport: Reports
·        According to reports, Mumbai's Chhatrapati Shivaji International airport is four times more crowded than any other major airport in the world.
·        While the Mumbai airport has 34,000 passengers per acre (ppa) on an average, Delhi's Indira Gandhi International airport that is reportedly India's busiest has 8,980 ppa. Notably, 69.7% of the 2006.86-acre Mumbai airport is used.
Government relaxes coal supply policy for power firms:

·        The Union Cabinet liberalised the coal supply procedure for central, state and independent power generating firms.
·        As per the decision, all long-term coal linkages of state power plants will be assigned to individual states or agencies nominated by it.
·        In case of central government-owned plants, the parent organisation will be granted the allocation.
Government proposes to amend divorce laws:
·        Government has proposal to amend certain personal laws regarding divorce and lower the separation period to one year to become eligible for divorce on mutual consent.
·        Union Law Minister Sadanand Gowda said, the government has proposed to amend the Divorce Act 1869 to decrease the period from two years to one year to bring uniformity in the minimum mandatory period of separate residence.
·        As per existing provision, a couple has to stay separately for a period of two years before filing a petition for dissolution of marriage by mutual consent.
Rajnath Singh chairs meeting on internal security in Delhi:
·        Home Minister Rajnath Singh chaired a meeting on internal security in New Delhi.
·        Defence Minister Manohar Parrikar and National Security Advisor Ajit Doval, Army Chief General Dalbir Singh Home Secretary Rajiv Mehrishi, chiefs of different intelligence agencies and other senior officials attended the meeting.
Odisha government to provide loan to farmers during Kharif season:
·        The Odisha government has decided to provide a total of 6 thousand crore rupees loan to 20 lakh 50 thousand farmers during this Kharif season.
·        A government notification the farmers are provided crop loans through 17 Central Cooperative Banks across the 30 districts of the State.
SC Collegium recommended transfer of Uttarakhand Chief Justice to Andhra Pradesh:
·        The Supreme Court (SC) Collegium, headed by Chief Justice of India TS Thakur, recommended transfer of Uttarakhand High Court Chief Justice KM Joseph to Andhra Pradesh High Court.
·        Joseph, 57, was appointed as the Chief Justice of the Uttarakhand High Court by President in July 2014. He was elevated to the post of Chief Justice on recommendation of then CJI Rajendra Mal Lodha.
·        In April 2016, a bench of Uttarakhand High Court, presided over by him quashed the Union Government’s decision to impose President's rule in the state. However, the ruling was stayed by the Supreme Court.
INTERNATIONAL:
China deploys 1st military corruption inspectors:
·        Chinese media reported that the country's military had sent teams of dedicated corruption inspectors to its units for the first time.
·        This reportedly is a part of Chinese President Xi Jinping's war on graft that targets high-ranking officials in the military, government, and industry.
·        Meanwhile, China has started broad military reforms including modernisation of the command structure.
US state introduces unwanted baby drop-off box:
·        The US state of Indiana has introduced a 'safe haven baby box' facility where parents can drop off unwanted newborn babies.
·        The Emergency services will be notified within minutes after a baby is placed in the climate-controlled box outside the Fire Department building.
·        Notably, unharmed newborns can be surrendered without any fear of prosecution in all 50 US states.
Russia to add military divisions to counter NATO:
·        Russia's Defence Minister Sergei Shoigu said they are adding three new military divisions to counter the strength of NATO.
·        The divisions will reportedly be deployed along Russia's southern and western borders by the end of 2016.
·        This comes amid NATO's military building up along the Russian border since 2014 to build confidence in the face of "Russian aggression".
ECB decided to end production and issuance of 500 euro banknote:
·        The European Central Bank (ECB) announced that it will permanently stop producing the 500 euro banknote by the end of 2018.
·        The ECB will also exclude it from the Europa series, taking into account concerns that this banknote could facilitate illicit activities.
·        The issuance of the 500 euro note will be stopped around the end of 2018, when the 100 euro and 200 euro banknotes of the Europa series are planned to be introduced.
·        However, 500 euro banknote, like the other denominations of euro banknotes, will always retain its value and can be exchanged at the national central banks of the Eurosystem for an unlimited period of time.
APPOINTMENTS:
Vice Admiral Sunil Lanba to be Indian Navy chief:
·        Vice Admiral Sunil Lanba has been appointed the new Chief of Naval Staff and will assume charge on May 31, said a Defence Ministry spokesperson today.
·        The 58-year-old will have the full three-year tenure as Navy Chief, and occupy office until May 31, 2019. Lanba, presently Flag Officer Commanding-in-Chief of Western Naval Command, will succeed Admiral RK Dhowan.
Former TCS CFO Mahalingam is non-executive chairman of City Union Bank:
·        Kumbakonam based City Union Bank has appointed S. Mahalingam as a non-executive chairman of the Bank.
·        He is former chief financial officer (CFO) and executive director of Tata Consultancy Services (TCS).
·        Prior to his new appointment he is currently an Independent Director on the board of the bank. He is a well-known name in the field of IT (information technology).
·        The new appointee will succeed S. Balasubramanian, who is vacating the office of part-time Non-Executive Chairman of the bank at the close to his retirement.
·        The board of the Bank has also co-opted Narayanan as Additional Director of the Bank.
Oculus hires Fitbit's Hans Hartmann as new COO:
·        Facebook-owned VR company Oculus has hired Fitbit's Chief Operating Officer (COO) Hans Hartmann as the company's new COO.
·         According to a tweet from Oculus CEO Brendan Iribe, Hartmann, who was with Fitbit since 2011, will be replacing founding COO Laird Malamed.
·         Laird be taking on a new executive role in the company.
Mexican diplomat Patricia Espinosa selected as executive secretary of UNFCCC:
·        Mexico’s ambassador to Germany PatriciaEspinosa Cantellano of Mexico has been appointed as Executive Secretary of the United Nations Framework Convention on Climate Change.
·        United Nations Secretary-General Ban Ki-moon has shared his intention in this appointment with the Conference of Parties through its Bureau.
·        She will succeed the incumbent Christiana Figueres when her term ends in July 2016. Prior to this selection she was serving as Mexico’s ambassador to Germany.
Turkish PM to announce his resignation today:
·        Turkish Prime Minister Ahmet Davutoglu could announce his resignation today, local media reported, citing sources in the ruling Justice and Development Party.
·        Turkish media have previously circulated information that the prime minister would announce resignation amid tensions with President Recep tayyip Erdogan.
BANKING :
Kotak Bank opens international unit in Gujarat’s GIFT City:
·        Mumbai based Kotak Mahindra Bank has opened IFSC Banking unit at Gujarat International Finance Tec-City (GIFT) City.
·        Earlier IBUs of YES Bank, Federal Bank and ICICI Bank have put their operational at the GIFT city. With this Kotak Mahindra Bank Ltd became the fourth bank to open its IFSC Banking Unit (IBU).
·        In the past six months over $250 million worth of business transactions done at IFSC GIFT city which is attracting interest from the BFSI sector in India
Kodak Mahindra Bank:
ü  CEO: Uday Kotak
ü  Headquarters: Mumbai
AWARDS AND HONOURS:
Agriculture project in Andhra Pradesh wins WSIS 2016 prize:
·        An agriculture project in Andhra Pradesh meant to collect very specific climate data from farms and give farmers personalised information through SMS has won the World Summit on the Information Society (WSIS) 2016 prize in e-Agriculture category.
·        The prize was announced in Geneva by International Telecommunications Union (ITU) Secretary-General Houlin Zhao Tuesday.
·        WSIS in a statement said that the project, Harmonized Information of Agriculture, Revenue and Irrigation for a Transformation Agenda - Precision Technology for Agriculture or Harita-Priya, uses wireless sensor networks to collect micro-climatic information from farms.
·        The data is used to create advisories and alerts on irrigation schedules and pests and plant diseases. Based on this state agriculture officers disseminate personalised crop advisories in Telugu language to farmers by way of SMS.
Swiss government honours Yash Chopra with statue:
·        A bronze statue of director Yash Chopra was unveiled by the Swiss government in the town of Interlaken to honour the late filmmaker.
·        The statue was inaugurated by Chopra's wife Pamela and daughter-in-law Rani Mukherjee​.
·        Earlier in 2011, Chopra was awarded the honorary title of 'Ambassador of Interlaken'. Many of Chopra's iconic films have been shot in Switzerland.
BOOKS AND AUTHORS:
Sania Mirza's autobiography to release in July:
·        Indian tennis player Sania Mirza's upcoming autobiography ‘Ace Against Odds’ is set to be released in July this year, publisher HarperCollins announced.
·        The book, penned by Sania and her father Imran Mirza, documents her rise in Tennis to become World number one in women's doubles, along with anecdotes about the difficulties, hardships and joys she encountered in her career.
BUSINESS AND ECONOMY:
CarDekho acquires virtual reality startup Volob Technologies:
·        Jaipur-based Girnar Software group’s CarDekho has acquired virtual reality company Volob Technologies in an all-cash deal. The deal size was undisclosed.
·        Girnar Software Pvt. Ltd is owner of online portals CarDekho.com, Gaadi.com and Zigwheels.com. The company is currently valued at $380 million, recently raised funds from Google Capital and Hillhouse.
SCIENCE AND TECHNOLOGY:
US Navy tested world's largest unmanned surface vessel, Sea Hunter:
·        United States of America (US) Navy tested the world's largest unmanned surface vessel named Sea Hunter in San Diego.
·        It is a self-driving 132-foot ship able to travel up to 10000 nautical miles on its own to hunt for stealthy submarines and underwater mines.
·        It is designed to travel thousands of miles out at sea without a single crew member on board.
·        The Pentagon's research arm, the Defense Advanced Research Projects Agency (Darpa) developed the ship along with Virginia-based Leidos and it will conduct the test in conjunction with US Navy.
Scientists create world’s smallest thermometer from DNA:
·        Scientists have developed world’s ‘Smallest Thermometer‘ using DNA (Deoxyribonucleic acid) structures that can fold and unfold at specifically defined temperature functions.
·        It was developed by the scientists at the University of Montreal and the study report in this regard was published in the journal Nano Letters.
·        It can help in understanding of natural and human designed nano technologies by enabling to measure temperature at the nano scale.
IBM starts free quantum computing cloud service:
·        IBM has opened up access to a five-qubit quantum computing processor located in New York through a new free cloud service.
·        Qubits are the fundamental unit of quantum computing which, unlike bits in classical computing, can be zero or one or both.
·        The system would let users run algorithms, experiments and simulations, and even work with individual qubits.
OBITUARY:
Nihal Bitla, who became face of progeria campaign in India, dies at 15:
·        Mumbai teen, who became face of India’s awareness campaign against the country’s first reported case of progeria in India, dies at 15.
·        He is not only fought progeria but also helped other children affected by the disease live a normal life. Nihal, who aged just 15, had a body that felt like it was beyond 60 years
Veteran politician Lisen passes away in Dimapur:
·        Veteran politician and former MLA, R. Lisen Ao, who was elected to the Nagaland Legislative Assembly twice, passed away in Dimapur .
·        He was 83. The body has been taken to Mokokchung where funeral would be held today.
·        Lisen was first elected to the state legislate assembly in 1964 from Jangpetkong Assembly Constituency. He was re-elected from Mokokchung Town Constituency in 1974. Speaker of Nagaland Legislative Assembly, Chotisuh Sazo and Chief Minister has expressed sadness over the demise of R. Lisen

  
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