Current Affairs Update – 4th May, 2016

Hello and welcome to ExamPundit. Here are the important Current Affairs of 4th May, 2016. These are important for the upcoming SBI Clerk 2016, SBI PO 2016 and UIIC AO 2016.

Current Affairs at a Glance – 4th May, 2016

  1. Minister of State (I/C) for
    Commerce and Industry Nirmala Sitharaman on 3 April 2016 launched EXIM
    Analytics Dashboard to provide an easy access to detailed trade data of
    the country
    .
  2. S. Mahalingam, former chief
    financial officer (CFO) and executive director of Tata Consultancy Services
    (TCS), is set to become the non-executive chairman of City Union Bank.
  3. Sameer Chadha was on 3 May 2016 appointed as the partner and Chief
    Executive Officer (CEO) of KPMG’s offshore arm in India
    .
  4. Ace tennis star Sania Mirza has documented her journey to become the World
    No. 1 in the women’s doubles rankings in an autobiography set for release this
    July, according to publishers Harper Collins. Titled, ‘Ace Against Odds,’ the book has
    been penned by Mirza with her father Imran Mirza.
  5. England’s world number one Mark Selby on 2 May 2016 won World Championship title of
    Snooker
    . In the final match played in Sheffield, Selby from Leicester
    defeated China’s Ding Junhui 18-14.
  6. Australian entrepreneur Craig Steven Wright on 2 May 2016 publicly identified himself as the creator
    of Bitcoin, digital cryptocurrency
    . He claimed to be the real person
    behind the pseudonym Satoshi Nakamoto, the creator of Bitcoin, a claim that is
    disputed within the Bitcoin community.

Economy –
Union Commerce Ministry launched EXIM Analytics Dashboard for export,
import data

  • Minister of State (I/C) for
    Commerce and Industry Nirmala Sitharaman on 3 April 2016 launched EXIM
    Analytics Dashboard to provide an easy access to detailed trade data of the
    country.
  • This web-based dashboard will
    provide an accurate perspective to the general public on the facts around the
    trade performance in India.
  • The portal developed by the
    Directorate General of Commercial Intelligence and Statistics, at the instance
    of the Ministry would provide data graphically exposing patterns, trends and
    correlations that might go undetected in text based data.

Appointments –
Former TCS CFO S Mahalingam is non-executive chairman of City Union
Bank

  • S. Mahalingam, former chief
    financial officer (CFO) and executive director of Tata Consultancy Services
    (TCS), is set to become the non-executive chairman of City Union Bank.
  • Mr. Mahalingam is currently an
    Independent Director on the board of the bank. He is a well-known name in the
    field of IT (information technology).
  • The board of the bank, which met
    on Tuesday, has already sought the approval of the Reserve Bank of India (RBI)
    for his appointment.
  • The board’s decision comes in the
    wake of S. Balasubramanian vacating the office of part-time Non-Executive
    Chairman of the bank at the close of business hours on Tuesday upon his superannuation.
  • The board, which met on Tuesday,
    has also co opted M. Narayanan as Additional Director of the Bank.

Sameer Chadha appointed as Partner and CEO of KPMG India

  • Sameer Chadha was on 3 May 2016
    appointed as the partner and Chief Executive Officer (CEO) of KPMG’s offshore
    arm in India.
  • Chadha joined KPMG Global
    Services (KGS) from Barclays Shared Services, where he was the Chief Executive
    Officer.

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Books & Authors –
Sania Mirza pens autobiography “Ace against Odds”, to hit
stands in July

  • Ace tennis star Sania Mirza has
    documented her journey to become the World No. 1 in the women’s doubles
    rankings in an autobiography set for release this July, according to publishers
    Harper Collins.
  • Titled, ‘Ace Against Odds,’ the
    book has been penned by Mirza with her father Imran Mirza.
  • The 29-year-old sportswoman, who
    shot to fame at the age of 16 after winning the Wimbledon’s Championships
    Girls’ Doubles title, was ranked as India’s No. 1 player by the Women’s Tennis
    Association, both in singles and doubles circuits.
  • The autobiography chronicles her
    rise to the top, and is peppered with anecdotes where she talks about the
    difficulties and hardships as well as the joys and triumphs that came her way.
  • Mirza, who announced her
    retirement from the singles circuit in 2012 underwent a remarkable
    transformation between August 2015 and March 2016, during which she pocketed 41
    consecutive wins with her doubles partner Martina Hingis, and went on to become
    the World No. 1 in the Women’s Doubles rankings.

Sports –
Mark Selby won World Snooker Championship

  • England’s world number one Mark
    Selby on 2 May 2016 won World Championship title of Snooker. In the final match
    played in Sheffield, Selby from Leicester defeated China’s Ding Junhui 18-14.
  • With this win, Selby also ended
    Ding’s chance of being the first Asian player to win the world title.
  • This was Selby’s second trophy of
    the year, earlier he had won minor Gdynia Open event in Poland.

World –
Australian entrepreneur Craig Wright claimed to be creator of Bitcoin

  • Australian entrepreneur Craig
    Steven Wright on 2 May 2016 publicly identified himself as the creator of
    Bitcoin, digital cryptocurrency. He claimed to be the real person behind the
    pseudonym Satoshi Nakamoto, the creator of Bitcoin, a claim that is disputed
    within the Bitcoin community.
  • Wright claimed to be the
    currency’s progenitor in interviews with the BBC, The Economist and GQ. He was
    first identified as Bitcoin’s founder in December 2015 by Wired magazine and
    the technology website Gizmodo, but he remained silent then.

India –
NRDC signed agreements for commercialization of Ghar Sodhon
  • Ghar Sodhon, a room disinfectant
    for silkworm rearing houses and appliances, was in news on 3 May 2016.
  • It came in news after the National
    Research Development Corporation (NRDC), under the Union Ministry of Science
    & Technology inked licence agreements with M/s Nabagram Resham Shilpa
    Unnayan Cooperative Society Ltd and M/s Dariapur Rural Development Society,
    Kalia Chak of West Bengal for the commercialization of Ghar Sodhon.

Regards

Team ExamPundit