Current Affairs Update – 13th May, 2016

Hello and welcome to exampundit. Here are the Important Current Affairs for 13th May, 2016. These are important for the upcoming SBI PO Mains 2016, UIIC AO 2016 and SBI Clerk Mains 2016.

Current Affairs at a Glance – 13th May, 2016

  1. FIFA will have its first female secretary after
    Senegalese United Nations official Fatma Samoura was appointed by the governing
    body’s council.
  2. Securities and Exchange Board of India (Sebi) has approved
    appointment of Ashok
    Chawla
    , former head of the Competition Commission of India (CCI), as
    new
    chairman of the National Stock Exchange (NSE),
    a spokesman at the
    exchange said on Friday.
  3. Rahul Dravid and Mahela
    Jayawardene
    were voted in to the ICC Cricket Committee
    on Friday, with the two legends adding a little more stardust to an already
    power-packed group of the International Cricket Council.
  4. Maharashtra government on 12 May 2016 declared
    drought in over 29000 villages of the state
    , most of them in
    parched Marathwada and Vidarbha regions.
  5. The Union Cabinet chaired by
    Prime Minister Narendra Modi on 12 May 2016 gave its approval to Securities and Exchange Board of India (SEBI) to
    sign a Memorandum of Understanding (MoU) with Financial
    Services Regulatory Authority (FSRA), Abu Dhabi
    .
  6. The Kenyan Government on
    11 May 2016 announced that it will close Dadaab refugee camp. The camp, which is home
    to 330000 Somali refugees, is often referred to as the world’s largest camp.
  7. President Pranab Mukherjee on 12 May 2016 conferred the Florence Nightingale Awards to 35 nurses from
    across the country on the occasion of International Nurses Day
    at the
    Rashrapati Bhavan in New Delhi.
  8. The Drowned Detective authored by Neil
    Jordan
    depicts genre-defying
    story about a private investigator who arrived in a small Eastern European city
    because he was told about the opportunities opening up in former Soviet
    countries.

Appointments –
Fatma Samoura Appointed FIFA’s First Female Secretary General

  • FIFA will have its first female
    secretary after Senegalese United Nations official Fatma Samoura was appointed
    by the governing body’s council.
  • FIFA president Gianni Infantino
    says ‘she will bring a fresh wind to FIFA — someone from outside’.
  • Samoura will replace the fired
    Jerome Valcke if she passes an eligibility check.
  • Also on Friday, FIFA lifted
    Indonesia’s suspension from world soccer. Indonesian national and club teams,
    referees, and officials were banned over government interference in the running
    of the national federation.

Ashok Chawla new chairman of National Stock Exchange (NSE)

  • Securities and Exchange Board of
    India (Sebi) has approved appointment of Ashok Chawla, former head of the
    Competition Commission of India (CCI), as new chairman of the National Stock
    Exchange (NSE), a spokesman at the exchange said on Friday.
  • He is replacing S B Mathur who
    stepped down upon completing his tenure. Chawla’s appointment is effective from
    May 3 and is valid till March 27, 2019.
  • The board of directors of NSE has
    elected Chawla as the chairman. Prior to joining NSE, Chawla has been a civil
    servant with over 40 years of experience in various sectors of the economy in
    India as well as in international agencies.

Rahul Dravid and Mahela Jayawardene appointed to ICC Cricket Committee,
Anil Kumble is chairman

  • Rahul Dravid and Mahela
    Jayawardene were voted in to the ICC Cricket Committee on Friday, with the two
    legends adding a little more stardust to an already power-packed group of the
    International Cricket Council.
  • A day after Shashank Manohar was
    confirmed as the new chairman of the ICC, Dravid and Jayawardene were locked in
    for a three-year term in the Cricket Committee, a group which is represents the
    current players, umpires and media.
  • The current captains voted in
    Dravid as a representative of the players, along with Australian Tim May.
    Dravid and May replace Sri Lankan legend Kumar Sangakkara, who completed his
    last three-year term, and former India spinner Laxman Sivaramakrishnan.

Indian-American, Manjit Singh, appointed as member of President’s
Advisory Council on Faith-Based
  • US President Barack Obama on 12
    May 2016 appointed an Indian-American engineer, Manjit Singh, as the member of
    President’s Advisory Council on Faith-Based and Neighborhood Partnerships.
  • The announcement came along with
    several other appointments made by the US President.
  • Singh is the President of
    Agilious, a software technology consulting firm he founded in 2013.
  • He is the co-founder of the Sikh
    American Legal Defense and Education Fund, a national Sikh American media,
    policy and education organization.

India –
Maharashtra declares drought in 29000 villages

  • Maharashtra government on 12 May
    2016 declared drought in over 29000 villages of the state, most of them in
    parched Marathwada and Vidarbha regions.
  • The government through a
    corrigendum issued from Mumbai clarified that wherever reference is made to a
    ‘drought-like situation’ in the state manual, it would be read as drought. 
  • The
    reference is made in accordance with an assurance it gave to the Bombay High
    Court recently.
  • The state is strictly implementing
    various schemes and taking measures to mitigate the water scarcity in
    drought-hit areas, and more particularly in Marathwada and Vidarbha regions.

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Finance –
Union Cabinet approves for MoU between SEBI and FSRA Abu Dhabi

  • The Union Cabinet chaired by
    Prime Minister Narendra Modi on 12 May 2016 gave its approval to Securities and
    Exchange Board of India (SEBI) to sign a Memorandum of Understanding (MoU) with
    Financial Services Regulatory Authority (FSRA), Abu Dhabi.

Key features of the MoU
  • The MoU is for mutual
    co-operation and technical assistance between the two financial regulators.
  • It will promote further
    development of economic links and cooperation between the two signatories
  • It will help to create conditions
    for development of securities markets in the two countries.
  • It would also contribute towards
    strengthening the information sharing framework between the two regulators.

World –
Kenya to close Dadaab, world’s biggest refugee camp

  • The Kenyan Government on 11 May
    2016 announced that it will close Dadaab refugee camp. The camp, which is home
    to 330000 Somali refugees, is often referred to as the world’s largest camp.
  • The government cited reasons of
    pressing national security for the decision. The government also stated that
    the camp has become safe haven for terrorist organizations like al-Shabaab, a
    Somali-based Islamist group.

Singaporean, Hong Kong terms added to Oxford Dictionary

  • Several Singaporean and Hong Kong
    English terms, including wah, shiok and yum cha, are now officially recognised
    as acceptable English.
  • The Oxford English Dictionary
    (OED) added 19 Singaporean terms and 13 Hong Kong terms in its March quarterly
    update.
  • The dictionary included
    formations of English that are mostly used in Singapore or Hong Kong. The OED
    records the meaning and development of the English language.

Some words from Hong Kong and their meaning
  1. Yum cha –  Type of Chinese brunch
  2. Compensated dating – The practice
    of teenage students providing companionship or sex in exchange for money or
    gifts
  3. Dai pai dong – It means an
    open-air food stall
  4. Kai fong – Neighbourhood
    association, traditional mutual aid organisations
  5. Guanxi – The system of social
    networks and influential relationships which facilitate business and other
    dealings
  6. Lucky money – Red envelopes
    containing money typically handed out by elders and adults at Lunar New Year
  7. Sandwich class – An informal term
    used to refer to the middle class
  8. Milk tea – A drink made from
    black tea and milk, usually evaporated or condensed
  9. Shroff – A cashier, especially at
    a car park
  10. Sitting – out area – Small
    recreational spaces provided in urban areas
  11. Siu mei – Generic name given to
    roasted meats
  12. Yum cha – A type of Chinese-style
    brunch tea
  13. Wet market – A market selling
    fresh meat and produce

Some words from Singapore and their meaning
  1. HDB – it is used for a public
    housing estate
  2. Chilli crab – It is a dish
    consisting of crab cooked in a sweet and spicy gravy containing red chillies
    and tomato
  3. Killer – This is used for objects
    thrown or falling from high-rise buildings, endangering people
  4. Lepak (a Singaporean and
    Malaysian term) – It means to loiter aimlessly or idly; to loaf, relax, hang
    out

Awards & Honors –
President Pranab Mukherjee confers Florence Nightingale Awards to 35
Nurses

  • President Pranab Mukherjee on 12
    May 2016 conferred the Florence Nightingale Awards to 35 nurses from across the
    country on the occasion of International Nurses Day at the Rashrapati Bhavan in
    New Delhi.
  • These awards are given by Union
    Ministry of Health and Family Welfare, as a mark of recognition for the
    meritorious services rendered by the nurses and nursing professionals in India.
  • The day is celebrated worldwide
    on May 12 every year to commemorate the birth day of Florence Nightingale and
    to mark the nurses’ contributions towards public health.

Books & Authors –
The Drowned Detective by Neil Jordan

  • The Drowned Detective authored by
    Neil Jordan depicts genre-defying story about a private investigator who
    arrived in a small Eastern European city because he was told about the
    opportunities opening up in former Soviet countries.
  • The story moves as the detective
    sets up, along with a colleague from that country, an agency to trace missing
    people and criminals.

Summary
  • The book’s first few pages are
    about a wayward minister who cheats on his wife.
  • The minister is tracked by the
    detective whose name is Jonathan.
  • One day, an elderly couple
    approached Jonathan to investigate the disappearance of their daughter.

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Team ExamPundit