Current Affairs Update – 29th – 30th May, 2016 - Exam Pundit - IBPS PO | Clerk | SBI PO | Insurance Exams | SSC Exams | Current Affairs

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Monday, May 30, 2016

Current Affairs Update – 29th – 30th May, 2016

Hello and welcome to exampundit. Here are the Important Current Affairs of 29th and 30th May, 2016. These are very important for the upcoming UIIC AO 2016, SBI PO & SBI Clerk Mains 2016.

Current Affairs at a Glance – 29th – 30th May, 2016
  1. Yes Bank has partnered with Click&Pay, a Hyderabad-based mobile payment solutions enterprise, to facilitate cashless, secure and flexible transactions for customers.
  2. State Bank of India-country's largest lender-has established the largest network of Point of Sales (PoS) machines in the country. With this it has left behind rivals like HDFC Bank, Axis Bank, ICICI Bank and other private and foreign lenders behind.
  3. The government has commissioned 1,780 km of rail lines and also completed over 6,000 km of highways in 2015-16 period, the Prime Minister's Office said in a statement on Monday.
  4. Second submarine assembly workshop of the Mazagon Dock Limited (MDL) was inaugurated by Defence Minister Manohar Parrikar on 28 May 2016.
  5. Nine-coach Spanish train Talgo’s trial run was conducted on 29 May 2016 on the Bareilly-Moradabad route of Uttar Pradesh. It was conducted as part of the Railways’ strategy to increase the speed of trains.
  6. Legendary Oscar winning Indian music composer A.R. Rahman was on Monday awarded Japan's Fukuoka prize for 2016. The Fukuoka Prize is an award established by the city of Fukuoka and the Yokatopia Foundation to honor the outstanding work of individuals or organizations in preserving or creating Asian culture. There are three prize categories: Grand Prize, Academic Prize, and Arts and Culture Prize.
  7. An Indian-American scientist Aranb De has received the prestigious 'Springer Theses Award' for his outstanding research on developing transgenic mice to study a critical tumor-suppressor.
  8. Aditi Krishnakumar, an Indian woman author in Singapore, in fourth week of May 2016 won the 'Scholastic Asian Book Award'.
  9. Senior IRS officer Pankaj Kumar Mishra was appointed chief of Financial Intelligence Unit (FIU), tasked with checking suspicious bank and cash transactions, as part of a major mid-level bureaucratic reshuffle effected today.
  10. Sunrisers Hyderabad (SRH) on 29 May 2016 won the ninth edition of the Indian Premier League (IPL). In the final clash played at the Chinnaswamy stadium in Bangalore, Sunrisers Hyderabad defeated Royal Challengers Bangalore (RCB) by eight runs.
  11. The International Day of United Nations Peacekeepers 2016 was observed on 29 May 2016 with the theme Honouring Our Heroes.



Banking/Economy –

Yes Bank partners with Click&Pay for cashless transactions
 
Yes Bank partners with Click&Pay for cashless transactions
Image for representation
  • Yes Bank has partnered with Click&Pay, a Hyderabad-based mobile payment solutions enterprise, to facilitate cashless, secure and flexible transactions for customers.
  • As a part of this alliance Click&Pay will issue Yes Bank sponsored mobile wallets and employ the bank's immediate payment service (IMPS) platform which will help Click&Pay to process instant proximity transactions with merchants and person to person.
  • Last month Yes Bank signed a memorandum of understanding with Hyderabad start-up incubation center, T-Hub to work with the latter's portfolio companies, including Click&Pay. This mobile payment solutions start-up will reach out to around 1 million users this year by issuing the Yes Bank sponsored mobile wallet, according to a statement.


SBI tops the point-of-sales network list
 
SBI tops the point-of-sales network list
Representational Image
  • State Bank of India-country's largest lender-has established the largest network of Point of Sales (PoS) machines in the country. With this it has left behind rivals like HDFC Bank, Axis Bank, ICICI Bank and other private and foreign lenders behind.
  • As per the latest Reserve Bank of India data, at the end of March 31st 2015 SBI has 2.96 lakh PoS terminals across the country, more than HDFC Bank's 2.81 lakh, Axis Bank's 2.58 lakh terminals and ICICI Bank's over 2 lakh PoS machines. These four lenders together dominate this space and contribute to more than three fourth of the total 13.63 lakh PoS terminals deployed in the country.
  • Going ahead SBI plans to keep up with the pace of expansion of its merchant acquiring business by deploying more machines.
  • The lender is not only focusing on urban areas but has also been deploying these PoS machines in semi-urban and rural area as well.
  • This comes at a time when both the finance ministry and the Reserve Bank of India have been asking banks to expand the PoS network to ensure a wider card acceptance infrastructure. In fact, the finance ministry has recently set up a committee which will focus on reducing cash transactions and one of its key focus areas also includes expanding the PoS network.


1,780 km rail lines commissioned; 6,000 km highways built in 2015-16
 
1,780 km rail lines commissioned
Representational Image
  • The government has commissioned 1,780 km of rail lines and also completed over 6,000 km of highways in 2015-16 period, the Prime Minister's Office said in a statement on Monday.
  • Prime Minister Narendra Modi was reviewing the progress in the key infrastructure sectors of railways and roadways on Monday. The PMO said that 1,730 km of rail links have also been electrified in 2015-16.
  • In the course of the review of the railway sector, it was noted that it had received a capital investment of over Rs.93,000 crore in the last financial year.


India –

Manohar Parrikar inaugurates second submarine assembly workshop in Mazgaon
 
Manohar Parrikar inaugurates second submarine assembly workshop in Mazgaon
Submarine assembly workshop in Mazgaon
  • Second submarine assembly workshop of the Mazagon Dock Limited (MDL) was inaugurated by Defence Minister Manohar Parrikar on 28 May 2016.
  • After inaugurating the workshop, Parrikar said that the level of indigenisation in submarine construction should be much higher than the present.
  • At present, MDL is building six Scorpene class of submarines for the Indian Navy, with around 35% of indigenisation.
  • INS Kalvari, the first submarine of this class, is expected to join the Indian Navy by end of 2016.


Trial run of High-Speed Spanish Talgo Train conducted in India
 
Talgo's Trial Run
Talgo's Trial Run
  • Nine-coach Spanish train Talgo’s trial run was conducted on 29 May 2016 on the Bareilly-Moradabad route of Uttar Pradesh. It was conducted as part of the Railways’ strategy to increase the speed of trains.
  • The trail run was conducted by a joint team of the Railway Design Standards Organisation (RDSO) and Spanish train manufacturer Talgo.
  • The nine-coach Talgo train hauled by a 4500 HP diesel engine was tested on the 90-km line as part of the first trial run. The 90-km distance was covered in 1 hour 10 minutes.


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Awards & Honors –

A R Rahman conferred with Japan's Fukuoka prize 2016
 
A R Rahman
A R Rahman
  • Legendary Oscar winning Indian music composer A.R. Rahman was on Monday awarded Japan's Fukuoka prize for 2016.
  • It is reported that Rahman has been conferred with the award for his outstanding contribution towards creating, preserving and showcasing South Asian traditional fusion music.
  • The Fukuoka Prize is an award established by the city of Fukuoka and the Yokatopia Foundation to honor the outstanding work of individuals or organizations in preserving or creating Asian culture. There are three prize categories: Grand Prize, Academic Prize, and Arts and Culture Prize.
  • Last year, noted Indian Historian Ramchandra Guha was conferred with Fukuoka Prize in academic category.
  • Rahman was the 1995 recipient of the Mauritius National Award and the Malaysian Award for his contributions to music. A four-time National Film Award winner and recipient of six Tamil Nadu State Film Awards, he has fifteen Filmfare Awards in his kity.
  • In 2009, for his Slumdog Millionaire score, Rahman won the Broadcast Film Critics Association Award, the Golden Globe Award for Best Original Score, the BAFTA Award for Best Film Music and two Academy Awards (Best Original Score and Best Original Song, the latter shared with Gulzar) at the 81st Academy Awards.


Indian-American scientist Arnab De wins Springer Theses Award
 
Arnab De(Left)
  • An Indian-American scientist has received the prestigious 'Springer Theses Award' for his outstanding research on developing transgenic mice to study a critical tumor-suppressor.
  • Arnab De , who has also developed peptide-based prodrugs as therapeutics for diabetes, was nominated by New York's Columbia University for his PhD thesis which he dedicated to legendary Indian cricketer Sachin Tendulkar and his alma mater Kolkata's Presidency University .
  • De, who has also received the 'Young Investigator Award' at the American Peptide Symposium , was awarded for developing transgenic mice to study a critical tumor-suppressor A20.
  • The Springer Theses Award is awarded by Springer, a leading global publisher of renowned scientific journals and books, to recognise outstanding PhD research.


Indian author Aditi Krishnakumar wins 2016 Scholastic Asian Book Award

Aditi Krishnakumar
Aditi Krishnakumar

  • Aditi Krishnakumar, an Indian woman author in Singapore, in fourth week of May 2016 won the 'Scholastic Asian Book Award'. She was awarded for her 32000-word manuscript "Codex: The Lost Treasure of the Indus".
  • She won the 10000 Singapore dollar award for her manuscript that carried contemporary feel and roots deep into history of India. The manuscript will be published by Scholastic Asia.


President Pranab Mukherjee presented Malti Gyan Peeth Puraskar 2016

  • The President of India Pranab Mukherjee on 29 May 2016 presented the Malti Gyan Peeth Puraskar for the year 2016 at a function held at Rashtrapati Bhavan.
  • The award was conferred upon 15 teachers from Punjab for their rare contribution in the field of education.
  • The awardees were facilitated with 1 lakh rupees cash, certificate of excellence, a Robe of Honour and a medal.
  • The initiative was mainly taken to promote the quality teaching in the schools besides encouraging the hundred percent attendance of girl students in the government schools.


Appointment –

Pankaj Kumar Mishra appointed Financial Intelligence Unit chief
 
Financial Intelligence Unit
Official Logo
  • Senior IRS officer Pankaj Kumar Mishra was appointed chief of Financial Intelligence Unit (FIU), tasked with checking suspicious bank and cash transactions, as part of a major mid-level bureaucratic reshuffle effected today.
  • A total of 15 new Joint Secretaries, including Mishra, have been appointed to various central government ministries. Of them, six are IAS officers and rest from other central services.
  • The Appointments Committee of Cabinet has approved appointment of Mishra as Director, FIU for five years, an order issued by Department of Personnel and Training said.
  • FIU, which functions under Department of Revenue, is mandated to collect, analyse and disseminate information related to financial transactions suspected to be black money or proceeds of crime.
  • He has been appointed in place of P K Tiwari, who had completed his tenure in mid-April. Enforcement Director Karnal Singh has been looking after the charge of FIU chief.
  • Senior IAS officer Rajeev Ranjan has been appointed as Joint Secretary in Department of Expenditure in place of G C Murmu, who had been earlier made Additional Secretary in Department of Financial Services.


Sports –

SRH defeated RCB to win Indian Premier League 2016 title
 
SRH lifting trophy
SRH lifting trophy
  • Sunrisers Hyderabad (SRH) on 29 May 2016 won the ninth edition of the Indian Premier League (IPL). In the final clash played at the Chinnaswamy stadium in Bangalore, Sunrisers Hyderabad defeated Royal Challengers Bangalore (RCB) by eight runs.
  • This was maiden Indian Premier League title for Sunrisers Hyderabad, while third final lost for Bangalore in the IPL. Earlier, it lost in finals of 2009 and 2011 editions.
  • Chasing the target of 209 runs, Bangalore got off to a flying start as Chris Gayle (76) and Skipper Virat Kohli (54) laid a perfect platform and forged 114-run partnership. But after the fall of the openers, no other batsman could contribute much as a result they only managed to score 200 runs for seven in 20 overs.


  • Player of the match – Ben Cutting (Sunrisers Hyderabad)
  • Player of the series - Virat Kohli (Royal Challengers Bangalore)


Discus thrower Seema Punia qualifies for Rio 2016 Olympics

  • Asian Games discus throw gold medal winner Seema Punia on 29 May 2016 qualified for the Rio Olympics with a 62.62m effort at the Pat Young's Throwers Classic 2016 at Salinas in the United States.
  • Punia crossed the Rio Games qualification standard of 61.00m at the Hartnell College Throwers Complex.
  • The 32-year old discus thrower from Haryana defeated 2008 Olympic discus throw champion Stephanie Brown-Trafton of United States of America for the gold.
  • This will be Punia’s third Olympic Games appearance. She took part in the games in 2004 and 2012.


Days –

International Day of United Nations Peacekeepers 2016 observed with theme Honouring Our Heroes
 
UN Peacekeepers Day
  • The International Day of United Nations Peacekeepers 2016 was observed on 29 May 2016 with the theme Honouring Our Heroes.
  • The day offers a chance to pay tribute to the Blue Helmets’ invaluable contribution to the work of the Organization and to honour more than 3400 peacekeepers who have lost their lives serving under the UN flag since 1948, including 128 in 2015.
  • On the other hand, the UN Postal Administration (UNPA) also issued a set of six new stamps for the occasion.








Regards



Team ExamPundit

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