Current Affairs Update – 6th May, 2016

Hello and welcome to ExamPundit. Here are the important Current Affairs of 6th May, 2016. These are important for the upcoming SBI PO Mains, SBI Clerk mains and UIIC AO 2016.


Current Affairs Update – 6th May, 2016
  1. IDBI Bank on Friday announced opening of its international banking unit (IBU) within the International Financial Services Centre (IFSC) at Gujarat International Finance Tec-City (GIFT City). With this, IDBI became the first public sector bank to open a global desk at GIFT City.
  2. National Association of Software and Services Companies (NASSCOM) on 5 May 2016 signed a partnership agreement with Facebook to build a product design initiative in India.
  3. Indian Railways (IR) on 4 May 2016 announced the creation of Non-Fare Revenue Directorate to carry out advertisements in rail coaches, along the track and near stations.
  4. Minister of Railways Suresh Prabhakar Prabhu on 5 May 2016 dedicated to the nation a high speed Wi-Fi hotspot at the three Railway Stations. These stations are Vijayawada in Andhra Pradesh, Kachiguda in Telangana and Raipur in Chhattisgarh.
  5. Goa-based defence shipyard, Goa Shipyard Limited (GSL), on 5 May 2016 launched Indian Coast Guard Ship (ICGS) Shaurya at Vasco. The is the fifth ship of a series of six off-shore patrol vessels  (OPVs) that the Indian Coast Guard had tasked the Vasco defence public sector undertaking to build.
  6. The Union Government on 5 May 2016 announced that the H.R. Nagendra Committee on Yoga Education in Universities has recommended seven programmes for implementation in universities.
  7. Indian Parashar Kulkarni in the first week of May 2016 won the Commonwealth Short Story Prize for 2016, for the Asia region. He was awarded for his politically grounded unpublished short fiction 'Cow and Company'.
  8. The agriculture project Harita-Priya of Andhra Pradesh on 3 May 2016 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.
  9. Senior IPS officer Kumar Rajesh Chandra on 5 May 2016 was appointed the Chief of Bureau of Civil Aviation Security (BCAS).
  10. PCB has appointed Mickey Arthur as Pakistan's head coach.



Finance/Banking –

IDBI Bank first PSB to open banking unit at GIFT City's IFSC


  • IDBI Bank on Friday announced opening of its international banking unit (IBU) within the International Financial Services Centre (IFSC) at Gujarat International Finance Tec-City (GIFT City). With this, IDBI became the first public sector bank to open a global desk at GIFT City.
  • The bank is aiming to provide foreign currency funding facility to its Indian clients from GIFT City.
  • IDBI Bank has presence at DIFC, Dubai which is catering to foreign currency and trade related requirements of corporate clients. This is further complemented by opening of IBU at GIFT City.
  • According to GIFT City officials, other public sector banks are also going to start their IBU operation in coming days. Four private sector banks have already begun operation in GIFT City.


NASSCOM inks MoU with Facebook to develop a product design initiative


  • National Association of Software and Services Companies (NASSCOM) on 5 May 2016 signed a partnership agreement with Facebook to build a product design initiative in India.
  • The agreement focus on assisting the innovation ecosystem by helping product based companies to build solutions in key sectors where technology can play a transformational role.

Special features of Product Design Initiative
  • This initiative is aimed towards encouraging Indian entrepreneurs to become problem solvers and develop solutions based on innovation and design thinking.
  • It is a Nasscom’s country-wide initiative with an aim to offer focused programmes to build awareness in product design and mentorship.
  • Nasscom Product Council through its flagship programme aim at supporting over 500 product start-ups on product design.
  • It focuses on training over 5000 product designers over a period of two years.


Indian Railways creates Non-Fare Revenue Directorate to explore advertising in train coaches

  • Indian Railways (IR) on 4 May 2016 announced the creation of Non-Fare Revenue Directorate to carry out advertisements in rail coaches, along the track and near stations.
  • The decision to create a directorate was taken to increase the revenue substantially from non-tariff sources.

Key highlights of Non-Fare Revenue Directorate
  • It will explore getting advertisements on coaches, wagons, locomotives and at stations and commercial exploitation of vacant rail land among others.
  • It will be headed by a senior-level railway official.
  • It will focus on various ways to enhance revenues by 10 per cent to 20 per cent from the current 5 per cent from the non-tariff sources.


India –

Suresh Prabhakar Prabhu launched Wi-Fi hotspot at Vijayawada, Kachiguda and Raipur


  • Minister of Railways Suresh Prabhakar Prabhu on 5 May 2016 dedicated to the nation a high speed Wi-Fi hotspot at the three Railway Stations. These stations are Vijayawada in Andhra Pradesh, Kachiguda in Telangana and Raipur in Chhattisgarh.
  • The Wi-Fi facility for the visitors and rail users of these stations has been commissioned by RailTel in association with Google for providing high speed state of the art world class internet experience to the commuters.

Key highlights of Wi-Fi hotspots launched
  • Kacheguda, Raipur and Vijayawada Railway Stations became Wi-Fi hot spot from 5 May 2016.
  • RailTel Corporation of India Ltd. has been mandated by Ministry of Railways to provide Wi-Fi for use of passengers at A1, A and B category Railway stations.
  • RailTel engaged with Google as the technology partner for setting up high speed Wi-Fi network initially in A1 and A category stations.


Offshore patrol vessel ICGS Shaurya launched


  • Goa-based defence shipyard, Goa Shipyard Limited (GSL), on 5 May 2016 launched Indian Coast Guard Ship (ICGS) Shaurya at Vasco. The is the fifth ship of a series of six off-shore patrol vessels  (OPVs) that the Indian Coast Guard had tasked the Vasco defence public sector undertaking to build.
  • This 105-metre new generation OPV that was launched by the Governor of Goa, Mridula Sinha will be delivered to the Coast Guard after sea trials are completed. The ICGS Shaurya will be commissioned into service in early 2017.


H R Nagendra Committee on Yoga Education in Universities submitted its recommendations


  • The Union Government on 5 May 2016 announced that the H.R. Nagendra Committee on Yoga Education in Universities has recommended seven programmes for implementation in universities.
  • The Union Government on 15 January 2016 had constituted a committee on yoga education in universities. The committee was headed by Professor H.R. Nagendra, Chancellor, Swami Vivekananda Yoga Anusandhana, Samsthana, Bengaluru.
  • The committee had submitted its report on 19 April 2016.

Terms of Reference of the Committee:
  • To identify the courses and programmes in Yogic Art and Science and the levels at which they can be offered
  • To spell out the scope of programmes offered at Certificate, Diploma, Degree, Post Graduate Degree/Postgraduate Diploma and Research levels, and to develop broad details of the curriculum in core and elective courses thereof


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Awards & Honors –

Indian Parashar Kulkarni wins 2016 Commonwealth Short Story Prize for Asia Region


  • Indian Parashar Kulkarni in the first week of May 2016 won the Commonwealth Short Story Prize for 2016, for the Asia region. He was awarded for his politically grounded unpublished short fiction 'Cow and Company'.
  • He will receive a cash prize of 2500 pounds (3835 US dollars).
  • The story 'Cow and Company' narrates the story of four men in search of a cow. The story manages to keep the reader engaged through twists and turns show the connections between culture and commercial interests.
  • Parashar Kulkarni is an assistant professor in Social Sciences at Yale NUS College Singapore.
  • He is one of the five winners of 2016 Commonwealth Short Story Prize.

Winners from other four regions are:
  1. Faraaz Mahomed - ‘The Pigeon’ with its playful tone and unreliable narrator
  2. Stefanie Seddon - Eel, a simply told and moving story of childhood
  3. Lance Dowrich - comedic ‘Ethelbert and the Free Cheese’
  4. Tina Makereti - ‘Black Milk’, which impressed with a lyricism that takes the reader into another world while keeping them always on earth


Agriculture project Harita-Priya of Andhra Pradesh wins WSIS 2016 prize


  • The agriculture project Harita-Priya of Andhra Pradesh on 3 May 2016 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.
  • Key features of Harita-Priya Project
  • Harita-Priya stands for Harmonized Information of Agriculture, Revenue and Irrigation for a Transformation Agenda - Precision Technology for Agriculture.
  • It meant to collect very specific climate data from farms and give farmers personalised information through SMS
  • It uses wireless sensor networks to collect micro-climatic information from farms.


President Pranab Mukherjee confers Niryat Shree and Niryat Bandhu Awards


  • President Pranab Mukherjee on 4 May 2016 conferred the 15th set of Federation of Indian Export Organisations (FIEO) Niryat Shree and Niryat Bandhu Awards in New Delhi.
  • The awards were presented at the Golden Jubilee celebrations of Federation of Indian Export Organisations (FIEO).
  • The awards were conferred to the companies from various sectors of exports besides service providers, banks, and various facilitating agencies which are promoting exports during the year 2015-16.

List of award recipients
  • Reliance Industry was adjudged as the top foreign exchange earner and leading exporter of last 50 years.
  • TCS bagged the Gold Award in IT services. Exporters from engineering, chemicals, textiles, agro and processed sector, etc. were also given Gold/Silver/Bronze awards.
  • State Bank of India got the Gold award followed by Canara Bank and Punjab National Bank are among the supporting institutions.
  • Besides conferring the awards, the president also unveiled the brand new FIEO Logo representing growth, vibrancy, innovation and entrepreneurship.


Appointments –

Kumar Rajesh Chandra appointed Chief of Bureau of Civil Aviation Security


  • Senior IPS officer Kumar Rajesh Chandra on 5 May 2016 was appointed the Chief of Bureau of Civil Aviation Security (BCAS).
  • The Appointments Committee of the Cabinet has approved the name of Chandra for appointment to the post of Director General (formerly known as Commissioner of Security (Civil Aviation) in the Bureau of Civil Aviation Security.
  • Chandra has been appointed in place of IPS officer G S Malhi. Malhi had completed his tenure as BCAS Chief in November 2012. The crucial post was lying vacant since then.


Sports –

Mickey Arthur appointed Pakistan's head coach


  • PCB has appointed Mickey Arthur as Pakistan's head coach. He fills the role vacated by Waqar Younis' resignation in April, following Pakistan's early exit from the World T20.
  • This is Arthur's third assignment with an international side; he coached South Africa from 2005 to 2010, and Australia from 2011 to 2013. A PCB release said Arthur was expected to take over by the end of the month.
  • Arthur, who played 110 first-class matches in a South African domestic career lasting a decade and a half, has had a chequered past as an international coach.






Regards



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