Current Affairs Update – 7th May, 2016

Hello and welcome to ExamPundit. Here are the important Current Affairs of 7th May, 2016. These are important for the upcoming SBI PO, SBI Clerk and UIIC AO 2016.


Current Affairs at a Glance – 7th May, 2016
  1. NMDC Limited has signed a memorandum of Understanding (MoU) with ISRO's National Remote Sensing Centre on Thursday, opening up possibilities for use of satellite technology for mineral exploration and other related ventures.
  2. Union inter-ministerial Board of Approval (BoA) on 28 April 2016 approved the proposal of Infosys to set up an IT/ITeS special economic zone (SEZ) in Bengaluru in an area spread over 4 hectares.
  3. Thrissur-based South Indian Bank has announced a tie-up with National Australian Bank (NAB) for online inward remittances from Australia at a competitive rate.
  4. Chennai-born Raja Rajeswari has been sworn-in as a criminal court judge in New York by Mayor Bill de Blasio, becoming the first India-born woman to be appointed a judge in New York City.
  5. Former CBDT chief Anita Kapur was today appointed as member of Competition Appellate Tribunal (COMPAT).
  6. Taoiseach Enda Kenny was re-elected as Prime Minister of Ireland on 6 May 2016. Kenny, leader of Fine Gael party, was elected for the post 70 days after a general election which had produced no outright winner.
  7. In the run-up to the Under-17 World Cup set to be hosted in the country next year, India and Japan on Friday decided to exchange sportspersons, coaches, experts and administrators to improve the standard of the game in both nations.

Finance –

NMDC signs MoU with ISRO's National Remote Sensing Centre


  • NMDC Limited has signed a memorandum of Understanding (MoU) with ISRO's National Remote Sensing Centre on Thursday, opening up possibilities for use of satellite technology for mineral exploration and other related ventures.
  • With this, NMDC will be the first company under the Ministry of Steel to use satellite-based geological mapping.
  • Under the MoU, NMDC will establish a Remote Sensing and GIS Laboratory at its head office in Hyderabad for interpretation of satellite data, an official statement from NMDC said.


Union government approves proposal of Infosys to set up IT SEZ


  • Union inter-ministerial Board of Approval (BoA) on 28 April 2016 approved the proposal of Infosys to set up an IT/ITeS special economic zone (SEZ) in Bengaluru in an area spread over 4 hectares.

Highlights of the decisions of the BoA
  • The Board decided to grant formal approval to the proposal as the Infosys possesses the land by itself. It also extended the time limit to nearly around 20 developers to complete their projects.
  • The developers who got the time extension include Mayar Infrastructure Development for a biotechnology SEZ in Haryana, Wipro for IT SEZ in Karnataka and Vedanta for its sector-specific SEZ for manufacturing and exports of aluminium in Odisha.


South Indian Bank announces tie up with National Australian Bank


  • Thrissur-based South Indian Bank has announced a tie-up with National Australian Bank (NAB) for online inward remittances from Australia at a competitive rate.
  • The arrangement enables faster, hassle-free remittances through internet at the best exchange rates, claimed the Bank. NAB will be South Indian Bank's main banking correspondent in Australia.



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Appointments –

Former CBDT chief Anita Kapur appointed COMPAT member


  • Former CBDT chief Anita Kapur was today appointed as member of Competition Appellate Tribunal (COMPAT).
  • Kapur has been appointed to the post till she attains the age of 65 years, an order issued by Department of Personnel and Training said.
  • COMPAT is a statutory organisation to hear and dispose of appeals against any order passed by fair-trade regulator Competition Commission of India.



Chennai-born Raja Rajeswari is New York’s first Indian-American woman judge

  • Chennai-born Raja Rajeswari has been sworn-in as a criminal court judge in New York by Mayor Bill de Blasio, becoming the first India-born woman to be appointed a judge in New York City.
  • Ms. Rajeswari, 43, who had migrated to the U.S. from Chennai as a teenager, previously worked with the Richmond County District Attorney’s Office for her entire career in several bureaus including Criminal Court, Narcotics, Supreme Court, and the Sex Crimes Special Victims Bureau, where she last served as Deputy Chief.
  • Ms. Rajeswari took the oath of office at a ceremony in New York City on Monday along with 27 other judges appointed earlier this month to the Family Court, Criminal Court, and Civil Court, which are part of the New York State Unified Court System.
  • The mayor appoints judges to 10-year terms in the New York City Criminal Court and the Family Court within the city.


Enda Kenny re-elected as Prime Minister of Ireland

  • Taoiseach Enda Kenny was re-elected as Prime Minister of Ireland on 6 May 2016. Kenny, leader of Fine Gael party, was elected for the post 70 days after a general election which had produced no outright winner.
  • He was re-appointed with 59 votes in favour and 49 votes against.
  • His Gael party won the most seats in the election but fell short of the quota needed to rule without support. This means that Kenny will lead a minority Fine Gael government.


Sports –

India, Japan to sign MoU on cooperation in sports


  • In the run-up to the Under-17 World Cup set to be hosted in the country next year, India and Japan on Friday decided to exchange sportspersons, coaches, experts and administrators to improve the standard of the game in both nations.
  • It was also decided that the two countries will play some friendly matches ahead of the tournament. The decisions were taken during a meeting between Sports Minister Sarbananda Sonowal and a 12-member delegation from Japan led by Hase Hiroshi, Minister of Education, Culture, Sports, Science and Technology.
  • The goal is to spread values learned through sports and increase awareness of the Olympic and Paralympic movement.


Pakistan won 2016 Asia Kabaddi Championship Cup

  • Defending Champion Pakistan on 6 May 2016 won the Asian Kabaddi Championship 2016 (Circle Style) that held at Wah Cantonment in Pakistan. It defeated India by 19 points.
  • Pakistan achieved 50 points against 31 by India in the final of the tournament. It is second successive win for Pakistan in the Asian Kabaddi title as they won it in 2012.


World –

Indonesia, Malaysia, Philippines to conduct joint water patrols to curb kidnappings


  • Indonesia, Malaysia and the Philippines on 5 May 2016 agreed to conduct coordinated sea patrols and establish a hotline to combat piracy and kidnappings in waters bordering the three nations.
  • The countries’ foreign ministers and military officials reached an agreement in the Indonesian city of Yogyakarta. The meeting was prompted by the recent kidnapping of 10 Indonesian sailors in the southwestern Philippines by Abu Sayyaf. However, the sailors were released on 1 May 2016.





Regards



Team ExamPundit


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