Current Affairs Daily Updates: 6th May 2017
APPOINTMENTS:
Union Cabinet committee approves seven
top-level changes in Banks
- The Appointments Committee of
the Cabinet approved seven top-level changes in various public sector
banks.
- Usha Ananthasubramanian, MD and
CEO of Punjab National Bank appointed as MD & CEO of Allahabad Bank
- Sunil Mehta, Executive Director
of Corporation Bank, appointed as MD & CEO of Punjab National Bank
- Dinabandhu Mohapatra served as
Executive Director at Canara Bank, appointed as MD and CEO of Bank of
India
- G Rajkiran Rai, Executive
Director at Oriental Bank of Commerce appointed MD & CEO of Union Bank
of India
- R Subramaniakumar, Executive
Director, Indian Overseas Bank as MD & CEO of the bank
- RA Sankara Narayanan, ED, Bank
of India, has been appointed MD & CEO of Vijaya Bank
- MO Rego MD & CEO of Bank of
India appointed MD & CEO of Syndicate Bank
Kerala govt reinstates TP Senkumar as
police chief
- Chief Minister of Kerala
Pinarayi Vijayan has reinstated Senior IPS officer TP Senkumar as the
police chief after Supreme Court order to restore his post.
- Senkumar was moved out of the
office the day Vijayan assumed office in May last year.
- Senkumar is set to retire on
30th June.
AWARDS AND HONOURS
Kashmiri wins 2016 Wisden-MCC Cricket
'Photograph of the Year' award
- A Srinagar based freelance
photographer has done Kashmir proud, pocketing the prestigious 2016
Wisden-MCC (Melbourne Cricket Council) Cricket Photograph of the Year for
a stunning image, which captured boys playing cricket in the outskirts of
the city, clicked by him.
- Saqib Majeed, an engineer by
profession clicked the award-winning picture at the Nishat garden in
Srinagar.Majeed is the first Kashmiri and second Asian after Atul Kamble
to receive the prestigious award.
- Every year MCC publishes a book
titled Wisden Cricketer Almanack, which includes best sports pictures from
across the globe. This year's edition includes Majeed's picture.
BANKING AFFAIRS
RBI to authorizeThe promulgation of the
Banking Regulation Amendment
- The promulgation of the Banking
Regulation (Amendment) Ordinance, 2017 inserting two new Sections (viz.
35AA and 35AB) after Section 35A of the Banking Regulation Act, 1949
enables the Union Government to authorize the Reserve Bank of India (RBI)
to direct banking companies to resolve specific stressed assets by
initiating insolvency resolution process.
- The recent enactment of
Insolvency and Bankruptcy Code (IBC), 2016 has opened up new possibilities
for time-bound resolution of stressed assets.
- The Securitisation and
Reconstruction of Financial Assets and Enforcement of Security Interest
Act (SARFAESI) and Debt Recovery Acts amended to facilitate recoveries for
timely resolution of stressed assets.
BUSINESS AND ECONOMIC AFFAIRS
Adani signs steel supply deal with
Australian Steel Group Arrium
- Gautam Shantilal Adani signed a
74 million dollar landmark deal with Australian steel group Arrium to buy
steel for a 400-km rail line for its Carmichael coal mine project.
- Arrium’s division OneSteel
Manufacturing Proprietary limited will supply 54,000 tonnes of steel to
build the rail line.
- Adani's 16 billion dollar
Carmicheal mine project has been resolved recently.
DEATHS
Leila Seth, first woman
judge of Delhi HC, dies
- Leila Seth, the first woman
judge of the Delhi High Court and a member of the Justice J. S. Verma
committee set up to take a re-look into rape laws in India after the
December 16, 2012 gang rape in Delhi, died of cardiac arrest at her residence in Noida. She was 86.
- A family member said there would
be no cremation. As per her will, Justice Leila Seth’s body would be
donated to the Army Research and Referral Hospital here for the
advancement of medical sciences and research. There will, however, be a
memorial service on May 28.
INTERNATIONAL AFFAIRS
Worls's largest X- ray laser lights up in
Germany
- The world's biggest X-ray laser
generated its first light in Hamburg, Germany.
- The 3.4 kilometer (2.1 mi) long
European X-ray Free Electron Laser (XFEL) produced a pulsing laser light
with a wavelength of 0.8 nanometer.
- XFEL is a billion times more brilliant than
conventional synchrotron light sources and can capture images at atomic
resolution.
3 Indian-origin scientists elected fellows
of UK Royal Society
- Three Indian-origin scientists
have been elected fellows of the Royal Society, Britain's independent
fellowship of many of the world's most eminent scientists, for their
"outstanding contributions to science".
- Krishna Chatterjee from
Cambridge University, Subhash Khot from New York University and Yadvinder
Malhi from Oxford University are among 50 distinguished people from across
the world elected as the 2017 cohort of fellows of the academy.
- Royal Society's first
Indian-origin president, Nobel Prize-winning scientist Venki Ramakrishnan,
welcomed the latest batch into the ranks of the society
- Chatterjee has been recognised
for his discoveries of genetic disorders of thyroid gland formation,
regulation of hormone synthesis and hormone action, which have advanced
the fundamental knowledge of the thyroid axis.
- Khot is a theoretical computer
scientist who is credited with providing insight into unresolved problems
in the field of computational complexity.
NATIONAL AFFAIRS
Maharajas’ Express to
begin new circuits 'Southern Sojourn' & 'Southern Jewels'
- Indian Railway Catering and
Tourism Corporation (IRCTC) has decided to launch two new circuits
(Southern Sojourn & Southern Jewels) of its flagship luxury train
Maharajas' Express this year.
- The ‘Southern Sojourn’ will
cover Goa, Hampi, Mysore, Ernakulam, Kumarakom and Trivandrum.
- The ‘Southern Jewel’ will cover
Chettinad, Mahabalipuram, Mysore Hampi and Goa.
- The 23-coach Maharajas' Express
has a capacity of 88 guests.
India Integrated Transport Summit signed
MoUs Worth Rs 2 Lakh Crores
- Thirty-four Memorandum of
Understanding (MoU) amounting about Rs 2 lakh crores were signed in the
three-day India Integrated Transport and Logistics Summit that was
concluded in New Delhi.
- Minister of Road Transport &
Highways and Shipping Shri Nitin Gadkari set an urgent need to bring down
logistics cost in the country to globally comparable rates.
- The Summit was attended by
around 3000 delegates from India and abroad, which included central and
state government organizations , international organizations like World
Bank and ADB, delegates, global transport and supply chain experts and
representatives of private companies.
- The sessions focused on six
major themes that included Multi Modal Logistics Parks, New developments
in Urban Transportation, Freight Corridors for Economic Development,
Supply Chain Transformation- Storage Innovations, GST and Role of
Digitization for Decongestion and Standards and Skills for Logistics.
Goa to launch two-wheeler ambulances
- The Goa Health department is
planning to introduce two-wheeler ambulances from July to help people
meeting with accidents in tourist spots across the state.
- Para-medics will ride the
two-wheeler ambulances mounted with essential medical equipment which can
reach the accident or casualty spots quickly, according to Health Minister
Vishwajit Rane.
- Such an ambulance service is
already in place in Karnataka and Goa would be the second state to do so.
Assam declared as Disturbed Area Under
AFSPA for 3 More Months
- The Government declared the
entire Assam as a “disturbed” area under the Armed Forces Special Powers
Act (AFSPA) for another 3 months.
- In addition, the government has
placed three districts of Arunachal Pradesh, namely Tirap, Changlang and
Longding and other areas falling under 16 police stations bordering Assam.
- In Assam, 75 incidents of
violence have been reported in 2016 and 9 in 2017.
- The Assam has been placed under
AFSPA since November 1990.
34 MoUs worth Rs 2 lakh crores signed at
India Integrated Transport & Logistic Summit
- According to the union minister
for Road Transport and Highways Nitin Gadkari, 2 lakh crore rupee
investment has been signed at three-day India Integrated Transport and
Logistic Summit in New Delhi.
- Total 34 investment pacts
committed and more than 15 pertain to setting up multi-modal logistics
parks by state governments.
- Agreements for port connectivity
and land ports were also inked.
SPORTS AFFAIRS
ICC raises Women's World cup Prize money
- International cricket council
(ICC) tries to popularise women's cricket and also the upcoming 2017 World
cup in England by increasing thre prize money to $2 million.
- This is ten times the amount
that was awarded in the lat edition in 2013.
- The ICC announced that Decision
Review system (DRS) will be put in place for the first time in women's
cricket during the eight team tournament in June.
Lionel Messi's suspension lifted by FIFA
- The world soccer's ruling body
FIFA (Federation Internationale de Football Association) has lifted a
four-match international suspension on Argentina forward Lionel Messi.
- Earlier, he was banned for
insulting an assistant referee during a qualifier against Chile in March.
- The decision based on television
images as the incident was missed by match officials.
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