Saturday, April 30, 2016

Current Affairs Update – 30th April, 2016

Hello and welcome to ExamPundit. Here are the important Current Affairs of 30th April, 2016. These are important for the upcoming SBI Clerk and UIIC AO 2016 Exams.


Current Affairs at a Glance – 30th April, 2016
  1. Small Industries Development Bank of India (SIDBI) and Saarc Development Fund (SDF) has entered into a Memorandum of Understanding (MOU) for mutual cooperation and collaboration.
  2. Mahindra Intertrade has signed a Memorandum of Understanding (MoU) with MSTC Ltd for a joint initiative to set up India's first auto shredding facility.
  3. The BSE has entered into a memorandum of understanding (MoU) with the Korea Exchange (KRX) in Seoul to extend their co-operation by listing S&P BSE Sensex-based derivatives contracts.
  4. National Bank for Agriculture and Rural Development (NABARD) in April 2016 entered into collaboration with German government for a special programme on 'Soil Protection and Rehabilitation for Food Security'.
  5. Union Minister for State (IC) for Power, Coal and Renewable Energy Piyush Goyal on 30 April 2016 launched National LED programme - Unnat Jyoti by Affordable LEDs for All (UJALA) in Madhya Pradesh.  He launched the programme along with the state CM Shivraj Singh Chouhan at a function in Bhopal.
  6. Indian Navy on 28 April 2016 decommissioned Indian Naval Ships (INS) Veer and Nipat at a ceremony in the Naval Dockyard, Mumbai. They both are of VEER class corvettes.
  7. Tabassum Adnan, a women’s rights activist from Swat valley of Pakistan, on 28 April 2016 won the prestigious Mandela - Graça Machel Innovation Award 2016 in Bogota, Colombia.
  8. The International Jazz Day 2016 was observed across the world on 30 April 2016. This year, UNESCO celebrated the day at Washington, DC.




Finance/Industry –

SIDBI signs MoU with Saarc Development Fund


  • Small Industries Development Bank of India (SIDBI) and Saarc Development Fund (SDF) has entered into a Memorandum of Understanding (MOU) for mutual cooperation and collaboration.
  • The MoU envisages SDF and SIDBI to work together in co-funding of projects in Indian MSMEs on risk sharing basis in identified sectors, development of suitable financial products for SME financing for MSMEs of other Saarc states, the Finance Ministry said in a statement.
  • The MoU also calls for technology transfer and making available software to MFIs regarding loan tracking systems in other Saarc states and capacity development of SDF/SIDBI and SME funding institutions in SAARC countries, it added.
  • The MoU also calls for technology transfer and making available software to MFIs regarding loan tracking systems in other Saarc states and capacity development of SDF/SIDBI and SME funding institutions in SAARC countries, it added.
  • The MoU was signed by SIDBI Deputy Managing Director A K Kapur and SDF CEO Sunil Motiwal.


Mahindra Intertrade signs MoU with MSTC to set up India’s first auto shredding facility


  • Mahindra Intertrade has signed a Memorandum of Understanding (MoU) with MSTC Ltd for a joint initiative to set up India's first auto shredding facility.
  • The proposed facility will be equipped with state-of-the-art, fully automated end-of-life vehicle recycling equipment and will be India's first such facility.
  • This is expected to facilitate recycling of scrapped automobiles.
  • So far, auto-shredding in India has been largely an unorganized activity with vehicles long past their usable life still in use, especially in rural and semi-urban India.


BSE inks MoU with Korea Exchange, lists derivatives contracts


  • The BSE has entered into a memorandum of understanding (MoU) with the Korea Exchange (KRX) in Seoul to extend their co-operation by listing S&P BSE Sensex-based derivatives contracts.
  • The agreement will further the development of derivatives markets in India and South Korea. It will encourage the sharing of information, and foster new opportunities for the exchanges and their respective issuers. 
  • The MoU also includes information-sharing by both parties to promote each other's understanding of the products' listing process and the functioning of the markets .
  • BSE and KRX will support each other for investor-relation activities of cross-listed products and assist with cross-border supervision and enforcement.
  • They will conduct joint research in the area of derivatives markets and support the development of new products, among others.


NABARD partners Germany for food security initiative


  • National Bank for Agriculture and Rural Development (NABARD) in April 2016 entered into collaboration with German government for a special programme on 'Soil Protection and Rehabilitation for Food Security'.
  • The programme is part of the German government's recently introduced special initiative 'One World, No Hunger' initiative. India is the only country in Asia chosen for this initiative.
  • As part of the collaboration, NABARD is anchoring two major programmes — soil conservation and rehabilitation of degraded land programme in Maharashtra and Madhya Pradesh. It is also conducting innovation of watershed development and climate change adaptation programmes in Andhra Pradesh, Telangana, Maharashtra, Gujarat and Rajasthan.
  • Germany’s 'One World, No Hunger' addresses areas such as food and nutrition security, promotion of innovation, protection and sustainable use of natural resources in rural areas and promotion of responsible land use and access to land.


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India –

Union Power Minister Piyush Goyal launched UJALA Scheme in Madhya Pradesh


  • Union Minister for State (IC) for Power, Coal and Renewable Energy Piyush Goyal on 30 April 2016 launched National LED programme - Unnat Jyoti by Affordable LEDs for All (UJALA) in Madhya Pradesh.  He launched the programme along with the state CM Shivraj Singh Chouhan at a function in Bhopal.
  • The scheme is being implemented by Energy Efficiency Services Limited (EESL), a joint venture of PSUs under the Union Ministry of Power.

Special features of UJALA
  • Under this Programme, 3 crore LED Bulbs will be distributed in the next 6 months in the State. People of Madhya Pradesh will get energy efficient 9W LED bulbs at an upfront payment of just 85 rupees per LED bulb.
  • UJALA will not only help reduce consumers their electricity bills but also contribute to the energy security of India. The UJALA scheme is being monitored in a transparent manner through a national dashboard (www.delp.in).


Indian Navy decommissioned INS Veer and INS Nipat


  • Indian Navy on 28 April 2016 decommissioned Indian Naval Ships (INS) Veer and Nipat at a ceremony in the Naval Dockyard, Mumbai. They both are of VEER class corvettes.
  • The ceremony involved the lowering of the ensign and commissioning pennents with playing of last post. It was held in the presence of Vice Admiral Sunil Lanba, Flag Officer Commanding-in-Chief Western Naval Command.
  • INS Veer was commissioned into Indian Navy on 26 March 1987 with the pennent number K 40 while, INS Nipat was brought into Navy on 5 December 1988 with pennent number K 42.


Awards & Honors –

Swat activist Tabassum Adnan won 2016 Nelson Mandela Award


  • Tabassum Adnan, a women’s rights activist from Swat valley of Pakistan, on 28 April 2016 won the prestigious Mandela - Graça Machel Innovation Award 2016 in Bogota, Colombia.
  • She won the award for the individual activist category on the concluding day of the International Civil Society Week held from 25 April to 28 April 2016.
  • A victim of child marriage, Tabassum Adnan was married at the age of 13. The marriage which was marked by frequent domestic abuse, ended after 20 years when she gathered the courage to divorce her abusive husband.
  • She is the founder of Khwendo Jirga (Sister's Council), the first women-only jirga in Pakistan. The council meets weekly to address issues of women's right, including honour killings, and acid attacks.


Days –

International Jazz Day 2016 observed globally


  • The International Jazz Day 2016 was observed across the world on 30 April 2016. This year, UNESCO celebrated the day at Washington, DC.
  • The Day is intended to raise awareness in the international community of the virtues of jazz as an educational tool, and a force for peace, unity, dialogue and enhanced cooperation among people.
  • Many governments, civil society organizations, educational institutions, and private citizens currently engaged in the promotion of jazz music celebrate the day to foster greater appreciation not only for the music but also for the contribution it can make to building more inclusive societies.








Regards



Team ExamPundit


How to Improve English for Govt Exams - Improve Vocabulary


Hello and welcome to ExampunditSo, last week we shared the 4th Article of the How to Improve English for Govt exam series. We discussed on Sentence Error Corrections. Today we will give you 7 simple yet effective ways to improve your vocabulary.

So, lets get started!
1. Spend 30 minutes every day reading a newspaper or a weekly newsmagazine:
There are dozens of good newspapers available around us and if we utilize them in a proper way, we can be benefitted in many ways. Newspaper reading is a GOOD habit. When you read a newspaper, you come to know about events, words, how to write an article, everything.
You can easily utilize your newspaper to increase your vocabulary. Read newspaper everyday for 30 minutes, just to find out new words. You can also use magazines such as Outlook, Business Today and Business India. When you find a new word, first circle it, then note it down. In this way you will have plenty of new words everyday.
2. Browse a dictionary:
When you note down words from Magazine and newspapers, make sure you use a dictionary to find the meaning of each words. In this way, you will be able to increase your vocabulary. On the other hand, after finding the meaning, you can always just browse the dictionary for more words. When you find a word in dictionary, sometimes, the definition has another word. So, when you browse through the dictionary, you will definitely increase your vocabulary rapidly.
3. Learn the origins of words:
Another way to utilize your dictionary is to find the origins of the words you have learnt. Because when you learn the origins of a word, it will be easier for you to remember.
Lets take an example of the word VOCABULARY,
Vocabulary originated from Latin word vocabulum or from medieval Latin word vocabularius which means a list of words with definitions or translations.
When you will find the origins and learn, it will be more fun to learn new words everyday.


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4. Use context clues to try to determine the meanings of words:
When you note down the words or learn the words, always see in which context the word has been used. Is there any other way to use it. Its always fun when you are curious. So let that curiosity help you to learn new words. This process will definitely help you to implement your words.
5. Set a specific goal:
Have a goal. A life without a goal, is not a life. Have a target of words which you will learn in a week. In this way, you will have a discipline while learning. Have a target of 50 words for a week. Then gradually increase it to 55, 60, 65…depending on your ability to learn.
You may not be able to have thesaurus like vocabulary stock, but you will definitely learn more than you thought you could.
6. Do Crossword puzzles:
Once you advance your vocabulary, when you feel confidence about the words you have learnt. Try doing crossword puzzles. You can easily get crosswords in newspapers. Whatever your score is, write it down along with the new words. Next time, try to beat your own score. You can even challenge your friends to make the process more interesting.
7. Implement the words and repeat:
Perhaps the most important point of this article. No matter how many words you learn, if you don’t implement them in sentences, you will not be able to remember. It is the most important factor. Whenever you learn a word, use it in a sentence by yourself. Use it on a regular basis. Shuffle the similar words in the sentences. Use them to memorize.
And that’s all! You have to learn. Nobody cannot spoon-feed you anything. There are no shortcuts in English. You can make funny shortcuts but they won’t let you implement the words in other sentences or learnt the context.
This article for serious aspirants. Because vocabulary will help you throughout your life.
All the best.





Regards



Team ExamPundit


Computer Knowledge Quiz for NABARD Assistant Manager 2016 - Set 4


Hello and welcome to ExamPundit. Here is a set of Computer Knowledge Quiz for NABARD Assistant Manager 2016.


Rules:


Post answers according to the following format(s)
1-2
2-3
3-4
Or
12345
54213
In case the options are ABCD, use the Appropriate Options.


Do Not Rectify anyone.


If you have any doubt regarding any question of the quiz, kindly ask after the quiz is over i.e answers given.


DO NOT GOOGLE ANSWERS!! IT WILL HAMPER YOUR PREPARATION


Do Not CHAT here. If you have any query, use today’s Ask The Mentor Page.


At least 7 Attempts for Scores.

Exampundit.in reserves the right to choose winner or give scores.


1. Which of the following is not an input device?
1) OMR (Optical Mark Reader)
2) Web Cam
3) Kimball tag reader
4) Microphone
5) None of these





2. Secondary Memory is also known as _____
1) Semiconductor
2) Auxiliary Memory
3) Main Memory
4) Inside storing
5) None of these





3. A laptop is a collection of which of the following components?
1) Hardware
2) Software
3) Both Hardware and Software
4) Either Hardware or Software
5) None of these






4. What do you meant by Pseudo code?
1) It is program design language
2) It allows programmer to represent in logical manner
3) It's easy to modified
4) All of the above
5) None of these





5. Which of the following is not an operating system?
1) Mac OS X
2) MS DOS
3) Windows Vista
4) Windows XP
5) None of these





6. Which of the following Data link or cable's speed is faster than other cables?
1) Fibre Optics
2) Coaxial cable
3) Standard telephone line
4) Both 2) and 3)
5) None of these




7. In which of the following topologies consists a central node or Hub?
1) Mesh Network
2) Ring Network
3) Bus Network
4) Star Network
5) None of these




8. WLL stands for ____
1) Wide Level Link
2) Worldwide local loop
3) Wireless local loop
4) Write level lead
5) None of these




9. IP address is a _____ numeric address ?
1) 255 bites
2) 32 - bit
3) 31 - bit
4) 33 - bit
5) None of these




10. Domain name .net is used for _____
1) Network organisations
2) Net technology
3) Personal sites
4) Networking
5) None of these



Winners:

  1. Chitrarth
  2. Ruchi
  3. Ramya




Regards



Team ExamPundit


English Quiz for SBI Clerk Prelims 2016 - Set 11


Hello and welcome to ExamPundit. Here is a set of English Quiz for upcoming SBI Clerk 2016 and NABARD Assistant Manager 2016 Exam.


Read the followings carefully and answer



Rules:

Post answers according to the following format(s)
1-2
2-3
3-4
Or
12345
54213
In case the options are ABCD, use the Appropriate Options.

Do Not Rectify anyone.

If you have any doubt regarding any question of the quiz, kindly ask after the quiz is over i.e answers given.

DO NOT GOOGLE ANSWERS!! IT WILL HAMPER YOUR PREPARATION

Do Not CHAT here. If you have any query, use today’s Ask The Mentor Page.

At least 5 Attempts for Scores.

Exampundit.in reserves the right to choose winner or give scores.


DIRECTIONS (Q.1-8): In the following passage there are blanks, each of which has been numbered. These numbers are printed below the passage and against each, five words are suggested, one of which fits the blank appropriately. Find out the appropriate word in each case.

The Government seems to be in right earnest to ensure more ____(1)____ in governance. The Prime Minister’s announcement that his Government is ____(2)____ drafting legislation to establish the citizen’s right to information is indeed welcome . Though the talk on the right to information is not new, we may ____(3)____ the bill to be brought early this time. The previous Government had set up a high-level committee to prepare a draft bill. But nothing has been heard about the matter since, ____(4)____ the committee did quite some work. The issue, however, has come to such a pass that a solution cannot be ____(5)____ further. Sunlight is the best disinfectant, a foreign judge once said, while ____(6)____ the unwarranted secrecy in an administrative system. When those in authority know that people have the right to ask questions and the government is under the ____(7)____ to provide them with answers, ____(8)____ of authority, or of public finances, for personal or party ends is less likely to happen.

1. (a) strictness (b) rudeness (c) leniency (d) economy (e) transparency



2. (a) personally (b) busy (c) not (d) reluctantly (e) absolutely



3. (a) expect (b) wait (c) try (d) frustrate (e) appeal



4. (a) even (b) as (c) because (d) until (e) though



5. (a) found (b) expected (c) delayed (d) looked (e) longed



6. (a) nurturing (b) criticising (c) demanding (d) appreciating (e) upholding



7. (a) pretention (b) affect (c) substance (d) obligation (e) property


8. (a) misuse (b) governance (c) dishonour (d) curbing (e) breach


Winners:

  1. Roger Federer
  2. Maniisha..:D
  3. CHITrartH 






Regards



Team ExamPundit


Financial Current Affairs Quiz - April, 2016 - Set 1



Hello and welcome to ExamPundit. Here is a set of Current Affairs Quiz from April, 2016 completely based on the financial events. 



Rules:


Post answers according to the following format(s)
1-2
2-3
3-4
Or
12345
54213
In case the options are ABCD, use the Appropriate Options.


Do Not Rectify anyone.


If you have any doubt regarding any question of the quiz, kindly ask after the quiz is over i.e answers given.


Do Not CHAT here. If you have any query, use today’s Ask The Mentor Page.


At least 8 Attempts for Scores.

Exampundit.in reserves the right to choose winner or give scores.




1. Which of the following statement(s) is/are true?
a) India signed agreement with Germany KfW Bank for Nagpur and Lucknow Metro
b) India signed a loan agreement of 500 million euro with European Central Bank
c) India and Germany signed a 20 years loan agreement on Nagpur Metro
1) Only a
2) Only b
3) Only c
4) Both b and c
5) Both a and b


2. PM Narendra Modi launched Stand Up India Scheme on 5 April with an initial amount of refinance of __________.
1) 5000 Crores
2) 1000 Crores
3) 2500 Crores
4) 10000 Crores
5) 75000 Crores



3. Airtel M Commerce Services recently received payments bank license from RBI. Which of the following banks did sign an agreement to acquire stake in Airtel M Commerce Services?
1) ICICI Bank
2) Kotak Mahindra Bank
3) HDFC Bank
4) Yes Bank
5) Axis Bank


4. Future Group in the first week of April, 2016 acquired online furniture platform FabFurnish for how much amount?
1) 50 Crores
2) 25 Crores
3) 30 Crores
4) 20 Crores
5) 100 Crores


5. Which of the following online company recently signed a MoU with National Minorities Development and Finance Corporation (NMDFC), to support its e-Karobar initiative?
1) Flipkart
2) Amazon
3) Shopclues
4) Alibaba
5) Both 1 and 2




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6. The first-ever three-day North East-ASEAN (Association of Southeast Asian Nations) Business Summit concluded in which state?
1) Sikkim
2) Manipur
3) Assam
4) Meghalaya
5) Nagaland


7. Union Government recently exempted housing finance companies from XBRL filings. What does R stands for in XBRL?
1) Reporting
2) Rate
3) Reports
4) Retail
5) Rating


8. India's first Aadhaar enabled ATM launched by DCB Bank in which city?
1) Bengaluru
2) Mumbai
3) New Delhi
4) Ahmedabad
5) Chennai


9. Which of the following company recently acquired payments start-up PhonePe Internet Pvt. Ltd.?
1) Amazon
2) Myntra
3) Flipkart
4) Jabong
5) eBay


10. The Union Cabinet chaired by the Prime Minister Narendra Modi on 6 April 2016 gave its ex-post facto approval for implementation of One Rank One Pension (OROP). The benefit will be given with effect from ____________.
1) 1st April, 2015
2) 1st June, 2015
3) 1st July, 2014
4) 1st April, 2014
5) 1st July 2015


11. Which of the following bank recently signed an MoU with T-Hub, a technology incubator set up by Telangana government, to set up a centre of excellence for startups in fintech space?
1) Axis Bank
2) Yes Bank
3) ICICI Bank
4) HDFC Bank
5) State Bank of India


12. The Union Cabinet chaired by the Prime Minister Narendra Modi 6 April 2016 gave its approval to implement of the National Hydrology Project. It will be a central sector scheme with a total outlay of _________________.
1) 3679.7674 crore rupees
2) 3678.7874 crore rupees.
3) 3579.7574 crore rupees.
4) 3579.7674 crore rupees.
5) 3578.7674 crore rupees.


Rules:

  1. Roger Federer
  2. Chitrarth
  3. Ramya





Regards



Team ExamPundit


Ask The Mentor - 30 April, 2016


Hello and welcome to ExamPundit. Here is the Daily Page where you can ask any question related to you Exam, Materials, Career or anything.

If you have any query regarding our Materials, Exam preparation Tip or any Unresolved Problems(which are not copied from other portals), just drop it in the comment box.


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In case you have answers for someone else's query, please resolve it asap.

  1. Mentor from Aspirants: Nisha Gautam [ABSENT]
  2. Mentor from Aspirant [SSC] - S Dixit
  3. Mentor from Exampundit: Anubhab
  4. Mentor from Aspirants [SSC} - Gaurav Monga
  5. Mentor from Aspirants - Optimus Prime



If you want to share anything with us, kindly shoot an email to admin@exampundit.in



Regards



Team ExamPundit


Friday, April 29, 2016

Current Affairs Update – 28-29th April, 2016

Hello and welcome to ExamPundit. Here are the Important Current Affairs from 28th and 29th April, 2016. These are important for the upcoming SBI Clerk Mains and UIIC AO 2016.

Current Affairs at a Glance – 28th - 29th April, 2016
  1. The government has decided to reverse its decision of reducing the interest rate on Employees’ Provident Fund Organisation (EPFO) and stick to rate of 8.8% for 2015-16 as recommended by the Central Board of Trustees (CBT).
  2. India's investments in the UK zoomed nearly 65% in 2015, establishing it as the third largest source of foreign direct investment (FDI) into Britain after the US and France.
  3. Experian, the global information services company, in the last week of April 2016 launched a fraud detection mechanism named the Hunter Fraud Score.
  4. India on 28 April 2016 extended a Line of Credit (LoC) of 1 billion US dollars to Mongolia. The LoC was extended after delegation-level bilateral talks between the Minister of State for External Affairs VK Singh and Mongolian Foreign Minister Lundeg Purevsuren in New Delhi.
  5. Reliance Defence has signed a strategic partnership agreement with three Ukranian state-owned companies which will allow them to collaborate on a range of military products, including transport aircraft, upgrade of armoured vehicles, maritime gas turbines and unmanned aerial vehicles.
  6. Indian Space Research Organization (ISRO) on 28 April 2016 launched India’s seventh navigation satellite of the Indian Regional Navigation Satellite System (IRNSS 1G) into a Sub-Geosynchronous Transfer Orbit (Sub-GTO) on-board PSLV-C33.
  7. Orissa Chief Minister Naveen Patnaik on 28 April 2016 inaugurated 100 piped water supply projects for rural areas. The CM also pledged to make piped water provision in all gram panchayats by 2017.
  8. Union government on 27 April 2016 issued a notification banning the import of dogs for commercial breeding. The imports are allowed only for research or defence purposes.
  9. The Maharashtra government on 27 April 2016 decided to increase the punishment for chain snatching up to 5 years of rigorous imprisonment along with a fine of 25000 rupees.
  10. Mindtree cofounder and former chairman Subroto Bagchi has been selected by the government of Odisha to head the state's Skill Development Authority.
  11. Senior IPS officer Surendra Kumar Bhagat was on 28 April 2016 appointed as the Director General (DG) of Railways Protection Force (RPF). His appointment was approved by the Appointments Committee of the Cabinet (ACC).
  12. Indian academician Radha Kumar was on 28 April 2016 appointed to the United Nations' University Council to formulate its principles and policies, consider and approve biennial budget and work programme.
  13. The International Bank Note Society (IBNS) on 25 April 2016 announced that New Zealand’s five-dollar note won the Banknote of the Year Award for 2015. The bill came out as a clear winner among nearly 40 eligible designs from a record 20 countries.
  14. The Day of Remembrance for all Victims of Chemical Warfare 2016 was observed on 29 April 2016 by the United Nations (UN).
  15. The 2016 World Day for Safety and Health at Work was observed across the world on 28 April 2016 with the theme Workplace Stress: a collective challenge.
  16. China developed a new electronic paper, which has been heralded as "the world's first graphene electronic paper. It was in news in the last of April 2016.
  17. South Korea on 27 April 2016 announced that its Olympic athletes will wear uniforms that have been infused with insect repellent to keep mosquitoes carrying the Zika virus at bay.
  18. The book titled Blood on my Hands: Confessions of Staged Encounter authored by Kishlay Bhattacharjee was in news in the last week of April 2016.
  19. Kerala cartoonist V T Thomas, popularly known as Toms, passed away on 27 April 2016 following a brief illness at in Kottayam, Kerela.





Finance/Banking/Industry –

FinMin raises EPF interest rate to 8.8%


  • The government has decided to reverse its decision of reducing the interest rate on Employees’ Provident Fund Organisation (EPFO) and stick to rate of 8.8% for 2015-16 as recommended by the Central Board of Trustees (CBT).
  • CBT, the supreme decision making body of EPFO, had approved 8.8% interest rate in February. However, Dattatreya, in a written reply to the Lok Sabha on Monday, said that the ministry of finance has, ratified an interest rate of 8.7%. 
  • According to regulations, after the interest rate is approved by the CBT, it has to be ratified by the finance ministry as it is a fiscal decision. However, this was the first instance, when the FinMin had disagreed with the rate approved by the board.
  • This is the third rollback on EPF in the last two months. Last month the government was forced to withdraw the Budget proposal to tax a certain portion of withdrawals. Subsequently, it withdrew tighter withdrawal norms.


India becomes 3rd largest source of FDI into Britain


  • India's investments in the UK zoomed nearly 65% in 2015, establishing it as the third largest source of foreign direct investment (FDI) into Britain after the US and France.
  • A new report released in London also found that the number of Indian companies in the UK, growing at more than 10%, has nearly doubled from 36 to 62 firms in a year.
  • 'India meets Britain 2016: Tracking the UK's top Indian companies', published by Grant Thornton UK LLP in association with the Confederation of Indian Industry (CII), said the combined turnover of these businesses has increased by 4 billion pounds last year, up from 22 billion pounds in 2014 to 26 billion pounds in 2015.


Experian India launched fraud detection mechanism named Hunter Fraud Score


  • Experian, the global information services company, in the last week of April 2016 launched a fraud detection mechanism named the Hunter Fraud Score.
  • The new scoring mechanism measures the probability of fraud in a credit application across banking and insurance industries.
  • Experian had launched the Hunter Fraud Management Services for the life insurance sector in India in March 2016.

Key highlights of Hunter Fraud Score
  • As per Experian, the new score will help retail finance providers and insurance companies in India significantly increase their efficiency in fraud detection.
  • Businesses will be able to identify applications that should be screened for potential fraud, and prioritise those that have a high probability of being fraudulent.


India extended 1-billion dollar Line of Credit to Mongolia


  • India on 28 April 2016 extended a Line of Credit (LoC) of 1 billion US dollars to Mongolia. The LoC was extended after delegation-level bilateral talks between the Minister of State for External Affairs VK Singh and Mongolian Foreign Minister Lundeg Purevsuren in New Delhi.
  • Besides, the two countries also agreed to exchange sentenced persons.
  • Lundeg Purevsuren was on a three-day state visit to India from 27 April to 29 April 2016. This visit was a part of the intensified bilateral exchanges following the upgrade of bilateral relations during Modi's visit.


Reliance Defence signs pact with 3 Ukranian firms


  • Reliance Defence has signed a strategic partnership agreement with three Ukranian state-owned companies which will allow them to collaborate on a range of military products, including transport aircraft, upgrade of armoured vehicles, maritime gas turbines and unmanned aerial vehicles.
  • The development follows a meeting between Reliance Group Chairman Anil Ambani and Ukranian President Petro Poroshenko in Ukraine this week.
  • During the hour long meeting, the two leaders discussed issues of strategic interest between the Indian and Ukrainian defence and aerospace industry.


NITI Aayog launched urban management programme for capacity building of states and urban local bodies

  • NITI Aayog chaired by Vice Chairman Dr Arvind Panagariya launched the Urban Management Programme on 27 April 2016 in Vigyan Bhawan, New Delhi.
  • The state participation was at the level of Secretaries of Urban Development, Municipal Commissioners and other senior officials of State Government and parastatal bodies. About 150 participants were present in the event.

An overview of the Urban Management Programme
  • The Programme is designed by NITI Aayog, Temasek Foundation and Singapore Cooperation Enterprise (SCE) under the platform of the Memorandum of Understanding signed between NITI Aayog and the Singapore Cooperation Enterprise (SCE).
  • It was to tap the expertise of Singapore in urban sector to build capacities in State Governments and ULBs to design efficient solutions to urban problems.


Union Cabinet approved Investment enhancement by BPCL in Bharat Oman Refineries Limited

  • The Union Cabinet on 27 April 2016 approved to enhance investment by Bharat Petroleum Corporation Limited (BPCL) in Bharat Oman Refineries Limited (BORL).
  • Now, the investment amount can be enhanced upto a maximum of 3000 crore rupees by way of subscription of convertible warrants giving right to convert it into equity shares to be issued by BORL.
  • The infusion of funds by the BPCLs will enable BORL to overcome the implications on account of the erosion of the net worth.


India –

ISRO’s seventh navigational satellite IRNSS 1G launched


  • Indian Space Research Organization (ISRO) on 28 April 2016 launched India’s seventh navigation satellite of the Indian Regional Navigation Satellite System (IRNSS 1G) into a Sub-Geosynchronous Transfer Orbit (Sub-GTO) on-board PSLV-C33.
  • The satellite was launched from the First Launch Pad (FLP) of the Satish Dhawan Space Centre, Sriharikota, which is situated 90 kms from Chennai.
  • With this launch, India successfully joined the elite group of countries that have their own navigation system technology to cater to the mammoth navigational needs.
  • As in the previous six launches of IRNSS satellites, PSLV-C33 used ‘XL’ version of PSLV equipped with six strap-ons, each carrying 12 tons of propellant.


Odisha Chief Minister Naveen Patnaik inaugurated 100 rural drinking water projects


  • Chief Minister Naveen Patnaik on 28 April 2016 inaugurated 100 piped water supply projects for rural areas. The CM also pledged to make piped water provision in all gram panchayats by 2017.
  • The project was inaugurated on the occasion of Utkal Gaurab Madhusudan Das’ anniversary.  Das was the first graduate and advocate of Odisha.
  • Earlier on 20 April 2016, Chief Minister Naveen Patnaik had dedicated 100 urban drinking water supply projects in the state.


Sponsored







Union Government banned import of dogs for commercial breeding


  • Union government on 27 April 2016 issued a notification banning the import of dogs for commercial breeding. The imports are allowed only for research or defence purposes.
  • The ban came after many animal rights organisations raised concerns over foreign breed dogs suffering due to unsuitable climatic conditions
  • Humane Society International (HSI) and People for Animals along with other groups had urged the government to ban the import on dogs for breeding as it was resulting in the overpopulation of street dogs in the country.


Union Cabinet approved MoU between India and Papua New Guinea on cooperation in health and medical science

  • The Union Cabinet chaired by the Prime Minister Narendra Modi on 27 April 2016 approved for signing a Memorandum of Understanding (MoU) between India and Papua New Guinea on cooperation in the fields of Healthcare and Medical Science.
  • The bilateral MoU will encourage cooperation between the Ministry of Health & Family Welfare of India and the Ministry of Health and HIV/AIDS of the Papua New Guinea through joint initiatives in the health sector. It will strengthen bilateral ties between India and Papua New Guinea.


Maharashtra Government rose jail term up to 5 yrs for chain snatchers

  • The Maharashtra government on 27 April 2016 decided to increase the punishment for chain snatching up to 5 years of rigorous imprisonment along with a fine of 25000 rupees.
  • The state Cabinet cleared the amendments to relevant sections of Indian Penal Code sections 379, 397-A (1)(2) and section 379-B along with the CrPC Act-1973, thus increasing the punishment up to five years rigorous imprisonment and 25000 rupees fine, in case of grievous injury to the victim.
  • The new additional section of 379-A(1) will define chain snatching as a crime and the convict will be sentenced under section 379-A(2), which provides minimum of 2 years and maximum of 5 years rigorous imprisonment.


Appointments –

Mindtree co-founder Subroto Bagchi to Head Odisha's Skill body


  • Mindtree cofounder and former chairman Subroto Bagchi has been selected by the government of Odisha to head the state's Skill Development Authority. 
  • Bagchi who would be given the rank of a Cabinet Minister, would directly report to the chief minister and would help in setting up a unified body that would guide, implement and oversee all skill development programmes in the state.
  • Bagchi has decided to draw a salary of Rupees 1 per year for this role. He will begin his work with a visit to all the 30 districts of the state to get a first-hand understanding of the initiatives on the ground and submit his recommendations based on which, a detailed programme will be worked out .
  • Odisha Skill Development Authority aims to unify the initiatives on the ground and create momentum for unemployed youth to receive skill-based training to make them employable.


Senior IPS officer Surendra Kumar Bhagat appointed as DG of Railways Protection Force


  • Senior IPS officer Surendra Kumar Bhagat was on 28 April 2016 appointed as the Director General (DG) of Railways Protection Force (RPF). His appointment was approved by the Appointments Committee of the Cabinet (ACC).
  • As a DG of Railways Protection Force , Bhagat is entrusted with responsibility of protecting railway property and passengers. He will serve the Railway Board till the date of his superannuation that is on 30 June 2017.
  • He is presently working as Special Director General in Central Reserve Police Force (CRPF) at Western Sector, Jammu & Kashmir.


Indian academician Radha Kumar appointed to United Nations' University Council


  • Indian academician Radha Kumar was on 28 April 2016 appointed to the United Nations' University Council to formulate its principles and policies, consider and approve biennial budget and work programme.
  • Kumar is among 12 people who are appointed by UN Secretary-General Ban Ki-moon to the council. These 12 appointees will take office with effect from May 2016 and will serve for terms of either three or six years.


Resignations –

Charles Borromeo resigned from Tata Steel Sports Department


  • Asian Games gold medalist Charles Borromeo on 28 April 2016 resigned from the post of head of the Tata Steel sports department.
  • The resignation came after the vigilance department officials of the company questioned him in connection with alleged irregularities in tender process of 4.40 crore rupees worth synthetic track laying at the JRD Tata Sports complex.


Awards & Honors –

New Zealand's $5 bill won IBNS Banknote of the Year Award


  • The International Bank Note Society (IBNS) on 25 April 2016 announced that New Zealand’s five-dollar note won the Banknote of the Year Award for 2015. The bill came out as a clear winner among nearly 40 eligible designs from a record 20 countries.
  • The runner’s up in the voting were Sweden’s 20 Kronor note depicting children's author Astrid Lindgren, Russia’s 100 Ruble note illustrating Crimean landmarks, Kazakhstan’s 20000 Tenge note and Scotland’s (Clydesdale Bank) 5 Pound polymer note.
  • The Reserve Bank of New Zealand began releasing a new family of Brighter Money banknotes in 2015. It began with the $5 and $10 denominations.



Days –

Day of Remembrance for all Victims of Chemical Warfare 2016 observed


  • The Day of Remembrance for all Victims of Chemical Warfare 2016 was observed on 29 April 2016 by the United Nations (UN).
  • This commemoration will provide an opportunity to pay tribute to the victims of chemical warfare, as well as to reaffirm the commitment of the Organization for the Prohibition of Chemical Weapons (OPCW) to the elimination of the threat of chemical weapons.


World Day for Safety and Health at Work 2016 observed globally


  • The 2016 World Day for Safety and Health at Work was observed across the world on 28 April 2016 with the theme Workplace Stress: a collective challenge.
  • The International Labour Organisation (ILO) celebrates World Day for Safety and Health to raise awareness of safety in the workplace. Occurring annually since 2003, each year it focuses on a specific area and bases a campaign around the theme.
  • The day 28 April has also long been associated with the world's trade union movement's commemoration of the victims of occupational accidents and diseases.


World –

China successfully launched Kunpeng-1B Sounding Rocket


  • China on 27 April 2016 successfully launched the Kunpeng-1B sounding rocket from a launch pad in Danzhou City in the southern Chinese Hainan Province. The rocket reached a maximum height of 316 kilometres (196 miles), with the total flight time coming to 10 minutes.
  • The head of the rocket was equipped with a new altitude control system. New materials of flexible carbon fibre were also used in the rocket to enable easier flight.



China developed world's first graphene electronic paper


  • China developed a new electronic paper, which has been heralded as "the world's first graphene electronic paper. It was in news in the last of April 2016.
  • It will be a huge breakthrough that will catapult the material to a new level. It was developed  by The Guangzhou OED Technologies in partnership with a company in Chongqing.
  • Compared with traditional e-papers, graphene e-paper is more pliable and has more intensity and its high-light transmittance means optical displays will be much brighter.


Sports –

Japan unveiled Tokyo 2020 Olympic and Paralympics emblems


  • Japan's Olympic organisers on 25 April 2016 unveiled the new official logos of the 2020 Tokyo Olympic and Paralympic Games. The emblems, designed by Asao Tokolo, feature an indigo-coloured check in the design.
  • The Olympic logo features a circular Japanese traditional checkered pattern. Below the design are the words Tokyo 2020 and under them the five interlocking Olympic rings. The design is meant to express a refined elegance and sophistication that exemplifies Japan.


South Korean Olympians to wear mosquito repellent uniform at Rio Olympics

  • South Korea on 27 April 2016 announced that its Olympic athletes will wear uniforms that have been infused with insect repellent to keep mosquitoes carrying the Zika virus at bay.
  • The South Korean team's uniforms were unveiled in Seoul, marking 100 days until the opening ceremony in Brazil.
  • These formal long-sleeved shirts and trousers containing mosquito repellent will be worn by the South Korean athletes during ceremonies and at the athletes' village at the 2016 Olympic Games in Rio de Janeiro.


Jayasurya recalled as Sri Lanka's cricket chief selector


  • Sri Lanka Cricket (SLC) on 27 April 2016 announced appointment of Sanath Jayasuriya as chief selector of the Sri Lankan Cricket team.
  • Jayasuriya is back as the chief selector for the team, after a year when he stepped down from the role. Earlier, he served as the chief selector from January 2013 to March 2015.
  • Jayasuriya-led committee will succeed the Aravinda de Silva led committee.


Books & Authors –

Blood on my Hands: Confessions of Staged Encounters by Kishalay Bhattacharjee


  • The book titled Blood on my Hands: Confessions of Staged Encounter authored by Kishlay Bhattacharjee was in news in the last week of April 2016.
  • The book came into news as Biju Janata Dal leader Tathagata Satpathy on 26 April 2016 demanded revocation of the controversial Armed Forces Special Powers Act (AFSPA) in the north-eastern region. He stated that the book, which is on India’s north-eastern region, serves as an eye-opener.


Obituaries –

Kerala cartoonist V T Thomas passed away

  • Kerala cartoonist V T Thomas, popularly known as Toms, passed away on 27 April 2016 following a brief illness at in Kottayam, Kerela. He was 86. He is survived by his wife Thresyakutty and children Boban, Molly, Rani, Peter, Bose, Princy.
  • Toms created the legendary cartoon characters Boban and Molly (Bobanum Moliyum).


Two-time Olympic champion Felix Sanchez retired


  • Two-time Olympic 400-meter hurdles gold medalist champion Felix Sanchez announced his retirement on 26 April 2016. The announcement means that the 38-year-old will not defend his title at the 2016 Olympics in Rio de Janeiro.
  • Sanchez made the announcement in a video press conference in the Dominican Republic.


Chinese human rights activist Harry Wu died


  • Harry Wu, campaigner for human rights in China, passed away on 26 April 2016 in Honduras. He was 79.
  • Wu, the son of a wealthy Roman Catholic family from Shanghai, was arrested in 1960 when he was only 23 years old. He was given a life sentence in a forced labour prison camp after he criticised the Soviet Union, then an ally of China.





Regards



Team ExamPundit