Friday, May 13, 2016

Current Affairs Update – 13th May, 2016

Hello and welcome to exampundit. Here are the Important Current Affairs for 13th May, 2016. These are important for the upcoming SBI PO Mains 2016, UIIC AO 2016 and SBI Clerk Mains 2016.


Current Affairs at a Glance – 13th May, 2016
  1. FIFA will have its first female secretary after Senegalese United Nations official Fatma Samoura was appointed by the governing body's council.
  2. Securities and Exchange Board of India (Sebi) has approved appointment of Ashok Chawla, former head of the Competition Commission of India (CCI), as new chairman of the National Stock Exchange (NSE), a spokesman at the exchange said on Friday.
  3. Rahul Dravid and Mahela Jayawardene were voted in to the ICC Cricket Committee on Friday, with the two legends adding a little more stardust to an already power-packed group of the International Cricket Council.
  4. Maharashtra government on 12 May 2016 declared drought in over 29000 villages of the state, most of them in parched Marathwada and Vidarbha regions.
  5. The Union Cabinet chaired by Prime Minister Narendra Modi on 12 May 2016 gave its approval to Securities and Exchange Board of India (SEBI) to sign a Memorandum of Understanding (MoU) with Financial Services Regulatory Authority (FSRA), Abu Dhabi.
  6. The Kenyan Government on 11 May 2016 announced that it will close Dadaab refugee camp. The camp, which is home to 330000 Somali refugees, is often referred to as the world's largest camp.
  7. President Pranab Mukherjee on 12 May 2016 conferred the Florence Nightingale Awards to 35 nurses from across the country on the occasion of International Nurses Day at the Rashrapati Bhavan in New Delhi.
  8. The Drowned Detective authored by Neil Jordan depicts genre-defying story about a private investigator who arrived in a small Eastern European city because he was told about the opportunities opening up in former Soviet countries.



Appointments –

Fatma Samoura Appointed FIFA's First Female Secretary General


  • FIFA will have its first female secretary after Senegalese United Nations official Fatma Samoura was appointed by the governing body's council.
  • FIFA president Gianni Infantino says 'she will bring a fresh wind to FIFA — someone from outside'.
  • Samoura will replace the fired Jerome Valcke if she passes an eligibility check.
  • Also on Friday, FIFA lifted Indonesia's suspension from world soccer. Indonesian national and club teams, referees, and officials were banned over government interference in the running of the national federation.


Ashok Chawla new chairman of National Stock Exchange (NSE)


  • Securities and Exchange Board of India (Sebi) has approved appointment of Ashok Chawla, former head of the Competition Commission of India (CCI), as new chairman of the National Stock Exchange (NSE), a spokesman at the exchange said on Friday.
  • He is replacing S B Mathur who stepped down upon completing his tenure. Chawla's appointment is effective from May 3 and is valid till March 27, 2019.
  • The board of directors of NSE has elected Chawla as the chairman. Prior to joining NSE, Chawla has been a civil servant with over 40 years of experience in various sectors of the economy in India as well as in international agencies.


Rahul Dravid and Mahela Jayawardene appointed to ICC Cricket Committee, Anil Kumble is chairman


  • Rahul Dravid and Mahela Jayawardene were voted in to the ICC Cricket Committee on Friday, with the two legends adding a little more stardust to an already power-packed group of the International Cricket Council.
  • A day after Shashank Manohar was confirmed as the new chairman of the ICC, Dravid and Jayawardene were locked in for a three-year term in the Cricket Committee, a group which is represents the current players, umpires and media.
  • The current captains voted in Dravid as a representative of the players, along with Australian Tim May. Dravid and May replace Sri Lankan legend Kumar Sangakkara, who completed his last three-year term, and former India spinner Laxman Sivaramakrishnan.


Indian-American, Manjit Singh, appointed as member of President's Advisory Council on Faith-Based

  • US President Barack Obama on 12 May 2016 appointed an Indian-American engineer, Manjit Singh, as the member of President's Advisory Council on Faith-Based and Neighborhood Partnerships.
  • The announcement came along with several other appointments made by the US President.
  • Singh is the President of Agilious, a software technology consulting firm he founded in 2013.
  • He is the co-founder of the Sikh American Legal Defense and Education Fund, a national Sikh American media, policy and education organization.


India –

Maharashtra declares drought in 29000 villages


  • Maharashtra government on 12 May 2016 declared drought in over 29000 villages of the state, most of them in parched Marathwada and Vidarbha regions.
  • The government through a corrigendum issued from Mumbai clarified that wherever reference is made to a 'drought-like situation' in the state manual, it would be read as drought. 
  • The reference is made in accordance with an assurance it gave to the Bombay High Court recently.
  • The state is strictly implementing various schemes and taking measures to mitigate the water scarcity in drought-hit areas, and more particularly in Marathwada and Vidarbha regions.




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Finance –

Union Cabinet approves for MoU between SEBI and FSRA Abu Dhabi


  • The Union Cabinet chaired by Prime Minister Narendra Modi on 12 May 2016 gave its approval to Securities and Exchange Board of India (SEBI) to sign a Memorandum of Understanding (MoU) with Financial Services Regulatory Authority (FSRA), Abu Dhabi.

Key features of the MoU
  • The MoU is for mutual co-operation and technical assistance between the two financial regulators.
  • It will promote further development of economic links and cooperation between the two signatories
  • It will help to create conditions for development of securities markets in the two countries.
  • It would also contribute towards strengthening the information sharing framework between the two regulators.


World –

Kenya to close Dadaab, world's biggest refugee camp


  • The Kenyan Government on 11 May 2016 announced that it will close Dadaab refugee camp. The camp, which is home to 330000 Somali refugees, is often referred to as the world's largest camp.
  • The government cited reasons of pressing national security for the decision. The government also stated that the camp has become safe haven for terrorist organizations like al-Shabaab, a Somali-based Islamist group.


Singaporean, Hong Kong terms added to Oxford Dictionary


  • Several Singaporean and Hong Kong English terms, including wah, shiok and yum cha, are now officially recognised as acceptable English.
  • The Oxford English Dictionary (OED) added 19 Singaporean terms and 13 Hong Kong terms in its March quarterly update.
  • The dictionary included formations of English that are mostly used in Singapore or Hong Kong. The OED records the meaning and development of the English language.

Some words from Hong Kong and their meaning
  1. Yum cha –  Type of Chinese brunch
  2. Compensated dating - The practice of teenage students providing companionship or sex in exchange for money or gifts
  3. Dai pai dong - It means an open-air food stall
  4. Kai fong - Neighbourhood association, traditional mutual aid organisations
  5. Guanxi - The system of social networks and influential relationships which facilitate business and other dealings
  6. Lucky money - Red envelopes containing money typically handed out by elders and adults at Lunar New Year
  7. Sandwich class - An informal term used to refer to the middle class
  8. Milk tea - A drink made from black tea and milk, usually evaporated or condensed
  9. Shroff - A cashier, especially at a car park
  10. Sitting - out area - Small recreational spaces provided in urban areas
  11. Siu mei - Generic name given to roasted meats
  12. Yum cha - A type of Chinese-style brunch tea
  13. Wet market - A market selling fresh meat and produce

Some words from Singapore and their meaning
  1. HDB - it is used for a public housing estate
  2. Chilli crab - It is a dish consisting of crab cooked in a sweet and spicy gravy containing red chillies and tomato
  3. Killer - This is used for objects thrown or falling from high-rise buildings, endangering people
  4. Lepak (a Singaporean and Malaysian term) – It means to loiter aimlessly or idly; to loaf, relax, hang out


Awards & Honors –

President Pranab Mukherjee confers Florence Nightingale Awards to 35 Nurses


  • President Pranab Mukherjee on 12 May 2016 conferred the Florence Nightingale Awards to 35 nurses from across the country on the occasion of International Nurses Day at the Rashrapati Bhavan in New Delhi.
  • These awards are given by Union Ministry of Health and Family Welfare, as a mark of recognition for the meritorious services rendered by the nurses and nursing professionals in India.
  • The day is celebrated worldwide on May 12 every year to commemorate the birth day of Florence Nightingale and to mark the nurses’ contributions towards public health.


Books & Authors –

The Drowned Detective by Neil Jordan


  • The Drowned Detective authored by Neil Jordan depicts genre-defying story about a private investigator who arrived in a small Eastern European city because he was told about the opportunities opening up in former Soviet countries.
  • The story moves as the detective sets up, along with a colleague from that country, an agency to trace missing people and criminals.

Summary
  • The book’s first few pages are about a wayward minister who cheats on his wife.
  • The minister is tracked by the detective whose name is Jonathan.
  • One day, an elderly couple approached Jonathan to investigate the disappearance of their daughter.







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