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.

• 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.

• 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.

• 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.

• 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

• 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.

• 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.

• 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.

• 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.

• 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.

Regards

Team ExamPundit

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