Current Affairs Update – 1st – 2nd May, 2016

Hello and welcome to ExamPundit. Here are the Important Current Affairs of 1st and 2nd May, 2016. These are important for the upcoming SBI Clerk and UIIC AO 2016 Exams.

Current Affairs at a Glance – 1st
– 2nd May, 2016
  1. Prime Minister Narendra Modi on 1
    May 2016 launched
    the Pradhan Mantri Ujjwala Yojana (PMUY) at Ballia, Uttar Pradesh
    .
    It will benefit the poor, especially the women. Cabinet Committee on Economic
    Affairs (CCEA) approved 8000 crore rupees for the next 3
    years starting from financial year 2016-17
    . PM Ujjwala Yojana
    will provide 5 crore LPG connections to BPL Families.
  2. Fast-growing Yes Bank and the old private sector Federal
    Bank
    have been the first ones off the
    block to hit Gujarat International Finance Tech-City (Gift)
    and are
    hoping to make the most of easy regulations, low operational costs and the
    opportunity to raise dollar-denominated funds
  3. Andhra Pradesh Chief Minister N
    Chandrababu Naidu on 1 May 2016 launched Chandranna Bima Yojana in Vijayawada.
    The Yojna launched on the occasion of May Day is an insurance scheme for the
    working class people.
  4. India
    and Papua New Guinea on 29 April 2016
    signed four agreements/MoUs to boost the bilateral relations
    .
  5. India and New Zealand on 1 May 2016 signed an Air Services Agreement
    paving the way for introduction of direct flights between the two countries.
  6. Union Urban Development Minister
    Venkaiah Naidu and Karnataka Chief Minister Siddaramaiah inaugurated the
    underground corridor of Bangalore Metro Rail on 30 April 2016. Bangalore Metro Rail is also known as Namma Metro.
    This makes the Namma Metro or Bangalore Metro as the first in South India to
    have an operational underground section of Metro Rail.
  7. D N Narasimha Raju has taken oath as
    Karnataka Chief Information Commissioner (CIC).
  8. Former KPMG Director Dilip Tuli on 1 May 2016 was appointed the new Senior
    Vice President – Strategy & New Business Initiatives of Housing.com
    ,
    India’s leading online real estate platform.
  9. Physicist Sriram Ramaswamy,
    Director of TIFR Centre for Interdisciplinary Sciences, Hyderabad, was elected
    as the Fellow of The Royal Society, as announced on 29 April 2016. His
    name appeared on the list of 50 new fellows and 10 new Foreign Members
    announced by the Royal Society.
  10. An Indian-American journalist, Neela
    Banerjee
    , was felicitated with a prestigious with Edgar A. Poe award on 1 May
    2016
    . She was felicitated by US President Barack Obama and First Lady
    Michelle during the annual White House Correspondents Dinner in Washington.
  11. Indian shooters bagged three gold
    medals and a bronze on the opening day of the ISSF Junior World Cup in
    Suhl, Germany on 1 May 2016.
  12. International Labour Day was celebrated on 1 May 2016.

Finance/Industry –
Prime Minister launched Pradhan Mantri Ujjwala Yojana at Ballia

  • Prime Minister Narendra Modi on 1
    May 2016 launched the Pradhan Mantri Ujjwala Yojana (PMUY) at Ballia, Uttar
    Pradesh. It will benefit the poor, especially the women.
  • The scheme aims to provide
    cooking gas connections to five crore below-poverty-line beneficiaries over the
    next three years.

Salient features of PMUY
  • Cabinet Committee on Economic
    Affairs (CCEA) approved 8000 crore rupees for the next 3 years starting from
    financial year 2016-17.
  • PM Ujjwala Yojana will provide 5
    crore LPG connections to BPL Families.
  • FM had announced about the scheme
    in his 2016-17.Budget Speech with a budgetary provision of 2000 crore rupees.

Need for the PMUY
  • LPG spread predominantly in Urban
    and Semi Urban Areas whereas the rural poor have limited access to Clean fuel
    (LPG).
  • Use of fossil fuels and
    conventional fuel like cow dung are having serious health implications for
    women and Children.
  • According to WHO, 5 Lakhs die
    every year due to heart disease, pulmonary diseases etc.
  • Indoor air pollution is also
    responsible for significant number of acute respiratory diseases in young
    children.

Operational details of PMUY
  • 5 crore LPG connections will be
    provided to BPL families with a support of 1600 rupees.
  • Connections will be given in the
    name of Women beneficiaries.
  • Identification of BPL families
    will be made in consultation with State Governments and Union territories.
  • EMI Facility for meeting the cost
    of Stove and Refill cost.

Yes Bank, Federal first off the block to start business at Gift

  • Fast-growing Yes Bank and the old
    private sector Federal Bank have been the first ones off the block to hit
    Gujarat International Finance Tech-City (Gift) and are hoping to make the most
    of easy regulations, low operational costs and the opportunity to raise
    dollar-denominated funds.
  • In the six months to April, Yes
    Bank has raised and lent $225 million of foreign currency loans to foreign
    subsidiaries of Indian companies and their joint ventures abroad and expects to
    more than double it in the full fiscal year ending March 2017, said Jaideep
    Iyer, group president, financial management, Yes Bank.
  • Domestic regulatory require ments
    such as CRR, SLR & prio rity sector lending requirements also don’t apply .
    A bank is allowed to open one branch each with balance sheet in foreign
    currency . Further in January , RBI eased regulations and allowed banks in Gift
    to open foreign currency current accounts for companies and non-resident Indians
    (NRIs) changing an earlier policy that did not allow for any savings or current
    accounts in this centre.

Andhra Pradesh CM launched Chandranna Bima Yojana

  • Andhra Pradesh Chief Minister N
    Chandrababu Naidu on 1 May 2016 launched Chandranna Bima Yojana in Vijayawada.
    The Yojna launched on the occasion of May Day is an insurance scheme for the
    working class people.
  • The state government scheme will
    cover about 1.5 crore workers of the state.
  • Under the scheme any insured
    worker who meets an accidental death and permanent disability will be paid 5
    lakh rupees. That worker who suffers partial disability will be paid a sum of 3
    lakh rupees.

India, Papua New Guinea signed four agreements to deepen bilateral
relations

  • India and Papua New Guinea on 29
    April 2016 signed four agreements/MoUs to boost the bilateral relations.
  • These MoUs were inked during the
    two-day visit (28 to 29 April 2016) of President Pranab Mukhrejee to Papua New
    Guinea. Mukherjee’s visit was the first ever presidential visit from India to
    this country.

The signed agreements/MoUs are
  • MoU in the Field of Health Care
    and Medical Science: It was inked between the Union Ministry of Health and
    Family Welfare and the Ministry of Health and HIV/AIDS of Papua New Guinea.
  • MoU for a USD 100 Million Credit
    Line: It was inked for development of infrastructure in the island-nation
    between the Government of Papua New Guinea and the Export Import Bank of India.
  • MoU for cooperation in
    agricultural research: It was inked between the Indian Council of Agricultural
    Research, New Delhi and PNG University of Technology, Lae, Papua New Guinea.
  • MoU for establishing of
    India-Papua New Guinea Centre for Excellence in IT.

India, New Zealand signed Air Services Agreement

  • India and New Zealand on 1 May
    2016 signed an Air Services Agreement paving the way for introduction of direct
    flights between the two countries.
  • The agreement was signed in the
    presence of the President Pranab Mukherjee and the New Zealand Prime Minister
    John Key. Mukherjee was on an official tour to Papua New Guinea (April 28-29,
    2016) and New Zealand (April 30 to May 2, 2016).
  • The agreement was signed under
    the Convention of International Civil Aviation opened for signature at Chicago
    on 7 December 1944. It was opened with an aim to promote international air
    services between their respective territories.

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India –
First in South India, underground corridor of Namma Metro inaugurated

  • Union Urban Development Minister
    Venkaiah Naidu and Karnataka Chief Minister Siddaramaiah inaugurated the
    underground corridor of Bangalore Metro Rail on 30 April 2016. Bangalore Metro
    Rail is also known as Namma Metro.
  • The newly inaugurated underground
    section of about 5.12 kilometers long from Cubbon Park to City railway station
    completes the 18.10 kilometers long east west corridor which is also called
    Purple Line.
  • This makes the Namma Metro or
    Bangalore Metro as the first in South India to have an operational underground
    section of Metro Rail.

Maharashtra Government launched Adi Praman, online app for tribal caste
validity certificate
  • Maharashtra Governor C Vidyasagar
    Rao on 29 April 2016 launched Adi Praman, a web-based application. With this,
    Maharashtra became the first state to provide caste validity certificates
    online.
  • Adi Praman enables Maharashtra’s
    tribal population to get the caste validity certificates online.
  • The portal named
    [email protected] was launched at Raj Bhavan.

National Green Tribunal slams Delhi Jal Board for polluting the Yamuna

  • The National Green Tribunal (NGT)
    pulled up the Delhi Jal Board (DJB) today for failure to stop polluting the
    Yamuna River.
  • Last year, the DJB had
    established 15 MGD waste water treatment plants at a cost of Rs 204 crore at
    the Delhi Gate Nalla aimed at curbing the problem of highly polluted water from
    areas of Old Delhi being released into the Yamuna.
  • The bench also asked the DJB to
    submit details of planned expenditure with regard to the water and sewerage
    sector for the current fiscal year.
  • The NGT had earlier taken the DJB
    to task for spending money errantly without prior permission and had directed
    the board not to surrender funds allocated to it for rejuvenation of the Yamuna
    but to use the amounts in the Maili se Nirmal Yamuna Revitalisation Project
    instead.

Appointments –
Narasimha Raju takes oath as Karnataka CIC

  • D N Narasimha Raju has taken oath
    as Karnataka Chief Information Commissioner (CIC).
  • Narasimha Raju, a 1984 batch IAS
    officer, had retired in April. He had served in the chief minister’s office and
    at various departments like finance, company affairs, commerce and industry,
    petroleum and natural gas at the Centre.
  • Raju was administered the Oath of
    Office by the Karnataka Governor, Vajubhai Vala, at Banquet Hall, Rajbhavan.

Dilip Tuli appointed as Senior Vice President of Housing.com

  • Former KPMG Director Dilip Tuli
    on 1 May 2016 was appointed the new Senior Vice President – Strategy & New
    Business Initiatives of Housing.com, India’s leading online real estate
    platform.
  • Tuli will assist with strategy
    and oversee new business initiatives, such as transaction facilitation and
    fulfilment services.

Sterling Holiday appoints Damian G H Niesel as COO Resorts

  • Sterling Holiday Resorts Limited
    has announced the appointment of Damian G H Niesel as Chief Operations Officer,
    Resorts.
  • Prior to joining Sterling
    Holidays, he has been involved with some of the world’s leading hospitality and
    lifestyle companies including founding Events in the Sky.Asia and holding
    several senior executive positions with Qatar National Hotels, Sofitel Luxury
    Hotels, IHG and Shangri-La Hotels & Resorts. Niesel will help bring
    international best practices to Sterling Holidays.
  • Niesel completed his education
    from Cornell University and has more than 30 years of experience in Hospitality
    and Management.

Awards & Honors –
IISc professor Sriram Ramaswamy became Royal Society Fellow

  • Physicist Sriram Ramaswamy,
    Director of TIFR Centre for Interdisciplinary Sciences, Hyderabad, was elected
    as the Fellow of The Royal Society, as announced on 29 April 2016. His name
    appeared on the list of 50 new fellows and 10 new Foreign Members announced by
    the Royal Society.
  • Besides, biochemist Ramanujan
    Hegde, MRC Laboratory of Microbiology, U.K. and applied mathematician
    Lakshminarayanan Mahadevan, Harvard University, are the other two Indian names
    who were also elected as the fellows of the premier scientific academy of the
    U.K. and the Commonwealth.

Indian-American journalist, Neela Banerjee, received with Edgar A. Poe
award

  • An Indian-American journalist,
    Neela Banerjee, was felicitated with a prestigious with Edgar A. Poe award on 1
    May 2016. She was felicitated by US President Barack Obama and First Lady
    Michelle during the annual White House Correspondents Dinner in Washington.
  • A Washington based journalist
    Neela Banerjee and three of her colleagues from Inside Climate News – John
    Cushman Jr, David Hasemyer and Lisa Song – were presented with the prestigious
    Edgar A Poe award.

Sports –
Indian shooters bagged 3 gold, 1 bronze in ISSF Junior World Cup

  • Indian shooters bagged three gold
    medals and a bronze on the opening day of the ISSF Junior World Cup in Suhl,
    Germany on 1 May 2016.
  • The Indians won a gold each in
    the team events of men’s 25m standard pistol and women’s 50m rifle prone
    competitions. India also earned an individual gold medal in the men’s 25m
    standard pistol competition through Rituraj Singh. Gaayathri Nithyanadam bagged
    a bronze in the women’s 50m rifle prone competition.
  • The Indian team of Rituraj Singh,
    Shivam Shukla and Arjun Das walked away with the gold medal in the team event
    of the men’s 25m standard pistol competition, shooting a total of 1661. France
    won the silver medal with 1659 points while Australia had to settle with the
    bronze with 1648 points.

Indian team won one silver, two bronze in Archery World Cup
  • Indian team on 1 May 2016 bagged
    one silver and two bronze medals at Archery World Cup at the Yuanshen Stadium
    in Shanghai.
  • The silver medal was secured by
    Indian women’s team who lost to Chinese Taipei in the final. Women’s team
    comprising Deepika Kumari, Bombayla Devi Laishram and Laxmirani Majhi lost to
    the lower-ranked Chinese Taipei 2-6 in the recurve team final.
  • On the other hand, men’s trio and
    mixed pair won their respective bronze playoffs in the first stage of Archery
    World Cup. The third seeded Indian men’s recurve team of Atanu Das, Jayanta
    Talukdar and Mangal Singh Champia thrashed the ninth seed British team 6-0 to
    bag the bronze medal.

Nico Rosberg won 2016 Russian Grand Prix

  • German Formula 1 Mercedes Driver
    Nico Rosberg on 1 May 2016 won 2016 Russian Grand Prix. It is his fourth win in
    a row this season.
  • Mercedes driver Lewis Hamilton of
    United Kingdom stood second and Ferrari driver Kimi Räikkönen of Finland
    secured 3rd place in the tournament.
  • The race, contested over
    fifty-three laps, was held at the Sochi Autodrom in Sochi, Russia. The race was
    the fourth round of the 2016 season and marked the fifth running of the Russian
    Grand Prix and the third time as a round of the Formula One World Championship.

Days –
International Labour Day celebrated globally

  • International Labour Day was
    celebrated on 1 May 2016. The theme of the Day of 2016 is Celebrating the
    international labour movement. This is also known as International Worker’s Day
    and May Day.
  • The theme assumes further
    significance with economic relationships undergoing rapid change in the
    emerging global economic order.
  • Giving due importance to the
    significance of the day about 80 countries across the world declared it as
    national holiday.
  • Labour is one of the four key
    factors of production along with Land, Capital and organisation.

Regards

Team ExamPundit