Current Affairs Update – 28th May, 2016

Hello and welcome to exampundit. Here are the important Current Affairs of 28th May, 2016. These are important for the upcoming UIIC AO 2016, SBI PO & Clerk Mains 2016.

• ISRO today said it will launch a
  record 22 satellites in a single mission next month.
• Speaking on the sidelines of an
  event organised by Federation of Karnataka Chambers of Commerce and Industry
  (FKCCI), he said that of the 22 satellites, three are Indian and the rest all
  commercial.
• Earlier, Vikram Sarabhai Space
  Centre Director K Sivan had said ISRO’s workhorse Polar rocket PSLV C34 will be
  used for the launch, which will have satellites from US, Canada, Indonesia and
  Germany as co-passengers.
• The space agency had earlier sent
  ten satellites into orbit in a single mission in 2008.
• The first in the series of
  experimental flights for Reusable Launch Vehicle-technology development is the
  hypersonic flight experiment (HEX) followed by the landing experiment (LEX),
  return flight experiment (REX) and scramjet propulsion experiment (SPEX).

• Lakshadweep on 27 May 2016 signed
  24×7 Power for All document. It became the first Union Territory (UT) to sign
  the document which aims to provide each household access to electricity through
  24×7 Power supply by 2019.

• It chalks out a plan to increase
  solar capacity of the region from 2.15 MW to 8.45 MW.
• The plan also envisions reduction
  of AT & C losses from current level of 21 percent to 6.7 percent till 2019
  by increasing the collection efficiency up to 99 percent.
• As a part of energy efficiency
  measures, 1 lakh LED bulbs will be distributed by UT administration through
  Energy Efficiency Services Limited (EESL) and Incandescent lamps/CFL bulbs will
  be replaced with LED bulbs under UJALA programme.
• In addition to that 3000
  conventional street lights will be replaced with LED street lights.

• Seeking to stimulate and enhance
  the strategic research and innovation capabilities of the Indian biotech
  industry, BIRAC, a PSU under the Ministry of Science and Technology signed an
  MoU with Horticulture Innovation Australia for launching a joint funding call.
• The focus of the call is to
  undertake horticultural research in order to develop and deploy modern tools of
  plant biotechnology to improve crop productivity. The funding commitment from
  BIRAC and Hort Innovation is up to 6 million Australian dollars over a period
  of three years.
• Horticulture Innovation Australia
  (Hort Innovation) is a not-for-profit, grower-owned Research and Development
  and marketing company for Australia’s horticulture industry.
• It works collaboratively with
  industry, the Australian government and the nation’s leading research
  institutions to deliver ground-breaking advancements in areas such as
  agri-technology, pest management, trade and industry promotion.

• The Committee for the evolution
  of a National Education Policy on 27 May 2016 submitted the report containing
  its recommendations to the Union Ministry of Human Resource Development (HRD).

• The Committee examined the large
  body of outcome documents, recommendations and suggestions received from the
  various consultations.
• The Committee also had several
  meetings with various stakeholders and held regional consultations as well as
  undertaken field visits to educational institutions.
• Union HRD Ministry had undertaken
  a consultation process for framing a New Education Policy (NEP).
• The process included online,
  grassroots and national level thematic deliberations on 33 themes.

• The Indian Coast Guard Ship
  (ICGS) ARUSH was commissioned on 26 May 2016 by the Coast Guard Commander
  (Western Seaboard) Additional Director General SPS Basra at Kochi.
• The ship has been named ICGS
  ARUSH that means first ray of sun. ARUSH is the seventeenth ship in the series
  of twenty Fast Patrol Vessels (FPVs), designed and built by M/s Cochin Shipyard
  Limited.

• The 50 meter indigenous FPV
  displaces 421 tonnes and can achieve a maximum speed of 33 knots with an
  endurance of 1500 nautical miles at economical speed of 13 knots.
• It is equipped with
  state-of-the-art weaponry and advanced communication and navigational
  equipment.
• It makes an ideal platform for
  undertaking multifarious close-coast missions such as surveillance,
  interdiction, search and rescue and medical evacuation.
• The special features of the ship
  include an Integrated Bridge Management System (IBMS) and Integrated Machinery
  Control System (IMCS).

• Infosys has appointed Anantha
  Radhakrishnan as the Managing Director and Chief Executive Officer of its
  backoffice arm.
• Prior to this role, Mr
  Radhakrishnan was the Chief Operating Officer (COO) of Infosys BPO managing its
  global operations, according to the company’s website.
• The company also appointed Anup
  Uppadhayay, the incumbent CEO of Infosys BPO, as the Executive Vice President
  and the Head of Strategic Sales Programmes.
• He will work with Mohit Joshi who
  is responsible for sales operations and reporting processes, including large
  deal pursuits and top account growth.

• Former Union Minister and All India
  Congress Committee (AICC) General Secretary V Narayanasamy will be the new
  Chief Minister of Puducherry.
• He was elected as the Congress
  Legislature Party leader today and the announcement was made by former Delhi
  Chief Minister SheIla Dikshit and AICC general secretary Mukul Wasnik, after
  holding talks with various representatives at Puducherry today.
• Puducherry Congress leaders were
  camping at Delhi during the past two days, to meet Sonia Gandhi and Rahul
  Gandhi, as there was infighting on the selection of a candidate for the CM’s
  post.

• Bharti Enterprises founder and
  Chairman Sunil Bharti Mittal on 27 May 2016 received 2016 Harvard Business
  School Alumni Achievement Award.
• It is the Harvard Business
  School’s highest honour.
• He is the founder, chairman and
  Group CEO of Bharti Enterprises, which has interests in telecom, financial
  services, retail and agri business.
• The Group flagship Bharti Airtel,
  with operations in 20 countries across Asia and Africa and has customer base of
  over 275 million.
• It is India’s largest telecom
  company and world’s third largest mobile operator.
• He is listed as the eight richest
  person in India by Forbes with a Net worth of 7 billion dollars.

• Pakke Tiger Reserve on 22 May
  2016 received the ‘India Biodiversity Award 2016’ in one of its four categories
  in Mumbai. The reserve is in East Kameng district of Arunachal Pradesh.
• The Hornbill Nest Adoption
  Programme of the Pakke Tiger Reserve was awarded the prize under Conservation
  of threatened species category.
• Besides this, Hong Niitii, Lower
  Subansiri was awarded under category IV Biodiversity Management Committee (BMC)
  award.

• It is a collaboration of
  Ghora-Aabhe Society, Nature Conservation Foundation and the State Forest
  Departments.
• Under this programme, urban
  citizens contribute money to protect hornbill nests around Pakke Tiger Reserve.

• Tech Mahindra will acquire U.K.
  headquartered Target Group to strengthen its presence in the banking and
  financial services (BFSI) segment in the European IT services market, according
  to a top official.
• The transaction is expected to
  close in  the second quarter of FY17,
  subject to regulatory approvals. The total value of the acquisition is £112
  million (or $164 million or Rs 1,100 crore) and an adjustment for surplus cash
  up to £8 million.
• Target Group is a provider of
  business process outsourcing and software solutions. Its fintech platform
  manages assets in excess of £24 billion. Tech Mahindra will pay £64 million
  upfront and a deferred consideration of up to £16.28 million in 2017.
• In addition, the company is also
  rolling over 7.6 per cent equity value into the Target Group, at present worth
  £6.8 million, which will be paid out in 2020 as a second deferred consideration
  depending on the performance of the company during 2017-2019.

• Indian para athlete Amit Kumar
  Saroha clinched gold medal in men’s club throw (F-51) at the 2016 French Open
  Athletics Championship in Paris. The event was held on 23 May and 24 May 2016.
• Saroha’s effort of 26.58 meter
  broke the Asian record which he had himself set at 2015 World Championships in
  Doha.
• The French Open Athletics
  Championship was part of his preparation for Rio 2016. The athlete has already
  qualified for the 2016 Rio Paralympics.

Regards

Team ExamPundit