Current Affairs Update – 15th May, 2015

Hello and welcome to ExamPundit. Here are the important current affairs of 15th May, 2015.
Today’s most important news is the Agreements between India and China. As China is among the top nations, it is important for our economy. On the other hand, Andhra Bank and Syndicate Bank appointed new MD and CEOs. One of the most saddening news of today is passing away of Blues Legend B.B King. Go ahead, study and discuss among yourselves.

PM
Visit to China –
India and China
Signed 24 Agreements To Enhance Bilateral Co-operaton

  • India and China on 15 May 2015 signed 24 agreements to
    augment bilateral co-operation between the two countries.
  • The agreements were signed in the presence of Indian Prime
    Minister Narendra Modi and Chinese 
    Premier Li Keqiang in Beijing, China.
  • The details of agreements covering the fields of Education,
    Railways, People-to-People exchanges, skill development, Security among others
    were outlined in the Joint Statement issued by the two leaders after the
    conclusion of bilateral talks.

Detailed given in the PDF.
World
Indian-American boy
Karan Menon won 2015 National Geographic Bee Championship

  • Karan Menon, a 14-year-old Indian-American student, on 13
    May 2015 won the 2015 National Geographic Bee championship. Menon answered all
    questions correctly related to places like Tashkent, Telangana and the Oresund
    Strait.
  • In addition to winning the title of National Geographic Bee
    champion, Menon received a 50000 US dollars college scholarship, lifetime
    membership in the National Geographic Society and an expedition for two to the
    Galapagos Islands aboard the Lindblad ship National Geographic Endeavour.

13-Year Old
Indian-Origin Inventor Working With Microsoft for Braille Printer
  • A 13-year-old Indian-origin boy, who invented a low-cost
    portable Braille printer, is now working with technology giant Microsoft to
    integrate it with Windows to make it easily accessible to the visually-impaired
    and plans to launch it commercially in November.
  • Shubham Banerjee, an eighth-grade student in Santa Clara,
    California was invited by Microsoft to showcase his Braigo 2.0 printer at a
    tech fair organised by the company here.
  • He is targeting a price point of 500 dollars or less for the
    printer to ensure affordability for organisations working for the
    visually-impaired in developing and least developed countries.
  • The young student has started working with a Windows team to
    integrate Braigo drivers with Windows for easy deployment.

Rajyavardhan Singh
Rathore inaugurates India Pavilion at Cannes film fest

  • Minister of State for Information and Broadcasting
    Rajyavardhan Singh Rathore on Thursday inaugurated the India Pavilion at the
    68th Cannes International Film Festival here. He stressed the importance of
    movies in government campaigns like ‘Make In India’ and ‘Skill India’.
  • The government is channelising that objective through
    campaigns like ‘Make in India’ and ‘Skill India’, and realises that the film
    industry is an important part of these campaigns given its tremendous potential
    towards job creation,” Rathore said, according to a statement issued by
    Ficci.
  • Pointing to the Indian government’s rigorous work towards
    providing a seamless work environment for the film industry by establishing a
    single-window clearance mechanism, he also announced plans of a center of
    excellence for gaming and visual effects.
  • The session also saw unveiling of the 46th IFFI, 2015
    regulations and ‘India Film Guide’ by Rathore. The India Film Guide is a
    comprehensive booklet with information on policy initiatives by the government
    pertaining to film sector, the listing of Indian companies at Cannes Film
    Market, Indian films at Cannes and contacts of important people in the business
    of filmmaking

US Declares Its
Capital ‘No Drone Zone’
  • The US has declared its capital Washington, in particular
    some of the government buildings like the White House, Capitol Hill and the
    Pentagon, a “no drone zone”, warning criminal penalties against
    violators.
  • The agency wants to ensure residents and tourists all
    understand that flying an unmanned aircraft in this area for any purpose is
    against the law, it said.
  • No drone zone covers particularly 15 miles radius of Ronald
    Reagan International Airport including some of the government buildings like
    the White House, Capitol Hill and the Pentagon.
  • Meanwhile, the Secret Service yesterday arrested a man who
    was flying a small drone in a park outside the White House.
  • The small red and black drone, about the length of an iPad,
    was flying about 100 feet in the air in Lafayette Park before officers
    intervened and instructed the individual to land it, the Secret Service said.

India
MHRD Gave Nod For
Setting Up IIIT in Nagpur, Maharashtra
  • Union Ministry of Human Resource Development (MHRD) on 14
    May 2015 gave an in-principle approval for setting up an IIIT (Indian Institute
    of Information Technology) in Nagpur, Maharashtra.
  • It will be the first IIIT to be set up in the state.
  • The IIIT will join a batch of national institutes which are
    set to come up in the city, namely the All India Institute of Medical Sciences
    (AIIMS) and Indian Institute of Management (IIM).
  • The setting up of these higher educational institutions in
    Nagpur is aimed at improving educational infrastructure in the backward
    Vidarbha region.

Appointments
Arun Shrivastava
assumes charge as Syndicate Bank MD & CEO

  • Arun Shrivastava today assumed charge as Managing Director
    & CEO of Syndicate Bank.
  • He was Executive Director of Bank of India, looking after
    Finance, Strategy & Planning, Large Corporate & Mid Corporate Business,
    Corporate Debt Restructuring, Project Finance & Syndication, Credit
    Monitoring & Asset Recovery, Publicity & Public Relations portfolios of
    the bank.
  • Earlier, Shrivastava was overseeing the foreign subsidiaries
    – BoI Indonesia and Botswana and joint venture – India Zambia Bank.
  • He holds a Masters Degree in Science. In addition, he is
    also a Certified Associate of Indian Institute of Bankers and AIBM.

Andhra Bank ED given
additional charge as MD & CEO
  • Satish Kumar Kalra, Executive Director, Andhra Bank, has
    been given additional charge as Managing Director and Chief Executive Officer
    of the bank.
  • According to a notification from the Ministry of Finance,
    Government of India, Kalra will hold the charge for a period of three months
    from the date of issue of the order or till the date of appointment of regular
    Managing Director and Chief Executive Officer or until further orders,
    whichever is the earliest.
  • The Chairman and Managing Director position fell vacant
    after C V Rajendran demitted the office of CMD on April 30, 2015 on
    superannuation.

Obituaries
Blues Legend B.B.
King Dies at Age 89

  • B B King, the Blues legend who redefined an era with
    classics like The Thrill Is Gone, Please Love Me, and My Lucille, has died at
    the age of 89.
  • Kind died in his sleep at 9:40 pm on Thursday at his home in
    Las Vegas, AP reported quoting his attorney Brent Bryson.
  • Riley B King, better known to his fans around the globe as B
    B King, was born September 16, 1925, on a plantation in Itta Bena, Mississippi.
  • The musician was recently in hospital with a
    diabetes-related illness. He last tour in October last year was cancelled after
    he fell ill.
  • Considered one of the greatest guitarists of all time, King
    had named his Gibson ES-355 guitar as “Lucille”.
  • The multiple Grammy award-winner was inducted into both the
    Blues Foundation Hall of Fame and the Rock and Roll Hall of Fame.

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