Current Affairs Update – 6th April, 2015

Hello and welcome to ExamPundit. Here are the important current affairs of 6th April, 2015.



Banking/Insurance
Dena Bank, LIC tie up
for insurance on Aadhar-linked savings A/Cs
  • Public sector lender Dena Bank has partnered with
    government-owned LIC (Life Insurance Corporation) of India to provide insurance
    cover to all Aadhaar-linked savings account holders.
  • As per the terms of rush coverage, a person has to opt for
    the scheme every year. Account holder can also prefer to give a long term
    option of continuing, in which case his or her account will be auto debited
    every year by the bank, the statement added.
  • The scheme provides insurance cover to all Aadhar linked
    savings account holders in the age group of 18-50 years . After enrollment,
    coverage will be available up to 55 years of age for existing members.
  • The scheme will come into effect from June 1, 2015.
  • Earlier, Corporation Bank tied up with LIC.

Indian, Turkish
Industry Bodies Sign Pact to Boost Ties
  • Aiming to boost bilateral business ties, industry bodies
    from India and Turkey today signed agreements here.
  • To achieve the objective, Union of Chambers and Commodity
    Exchanges of Turkey (TOBB) signed separate pacts with industry bodies CII and
    FICCI.
  • The Ficci-TOBB agreement is for establishing India-Turkey
    Working Committee to identify obstacles in trade and economic cooperation. The
    two organisations will also co-host and organise Investment Forums to promote
    investment opportunities both in India and Turkey.
  • TOBB President Rifat Hisarciklioglu said that Turkey could
    open markets of North Africa, Middle East and Eurasia to India which would
    supplement its quest for new markets.
  • Under the MoU between TOBB and CII, both parties agreed to
    take all such steps as may be necessary and feasible to promote bilateral trade
    and economic cooperation between the two countries.
  • These include undertaking studies to determine support which
    might benefit their respective members and exchange of information on all
    economic and commercial matters with regards to Turkey and India including
    specific industrial sectors relevant to both the countries.


Business
Myntra to shut website
from May 1, will be available only as mobile app

  • Myntra will shut its website from May 1 to become a mobile
    app-based retailer.
  • Fashion retail website Myntra is expected to shut down its
    website in favour of moving all operations to its mobile app, according to a
    report in The Times of India. Myntra was acquired by Flipkart last year for a
    sum of Rs 2,000 crores.
  • The report states that Myntra pulls in about 80% of its
    traffic and 60% of sales through its mobile application. It has plans to take
    the sales number to 90% by the end of the year. When that happens, the fashion
    e-tailer will most likely shut down its websites according to sources familiar
    with the matter. If it does indeed happen, it will be the first instance of an
    online e-tailer going mobile-only from web + mobile format.
  • Myntra is on course to complete Rs 2,000 crore in sales or
    gross merchandise value (GMV) for the current financial year. GMV refers to the
    overall revenue generated by online retailers through sale of goods on the
    online platforms. Out of the total GMV, the e-tailer makes around 5% to 20%
    depending on the category.

India
Narendra Modi
launched National Air Quality index to monitor pollution level in 10 cities
  • Prime Minister Narendra Modi on 6 April 2015 launched a
    National Air Quality Index (NAQI) to tackle the menace of air pollution. This
    National Air Quality Index will provide information on the quality of air in 10
    major cities in the country on a real-time basis.
  • The ten cities where the quality of air can be monitored are
    Delhi, Agra, Kanpur, Lucknow, Varanasi, Faridabad, Ahmedabad, Chennai,
    Bangalore and Ahmedabad.
  • Later the index will be extended to 22 State capitals and 44
    other cities with a population exceeding one million.
  • The index was launched before the inauguration of the
    Conference of State Environment and Forest Ministers in New Delhi. The
    conference is being attended by state environment and forest ministers.
  • The national conference aims at consulting states on making
    changes in existing laws that govern environment and forest clearances.

Manohar Parikkar
launches first indigenously-built Scorpene submarine

  • Defence Minister Manohar Parrikar on Monday launched the
    country’s first indigenously-built Scorpene submarine at the Mazagaon Dockyard
    Ltd in Mumbai.
  • The Scorpene is part of the ambitious Project 75 of Indian
    Navy’s submarine programme, undertaken with French collaboration, which will
    include six such vessels joining the fleet over the next few years.
  • Parikkar, along with Chief Of Naval Staff Admiral R.K.
    Dhowan, Chief Minister Devendra Fadnavis and others officials attended a puja
    ceremony to mark the auspicious undocking of the vessel.
  • The submarine is expected to be commissioned by September
    2016.
  • Presently, Indian Navy has 14 conventional diesel-electric
    powered submarines which include 10 Russian Kilo Class and four German HDW
    class vessels.
  • Parikkar is in the city to review the progress of Project 75
    programme undertaken by the Western Naval Command and is likely to get a status
    report on the Project 15 B-Class stealth destroyers being constructed at MDL.

India to host fifth
meeting of SAARC health ministers

  • India will host the fifth meeting of SAARC health ministers
    next week to deliberate on key issues including HIV/AIDS, prevention of communicable
    and non-communicable diseases and to strengthen collaborations amongst the
    nations.
  • The health ministers will also discuss adoption of the the
    “Delhi Declaration” affirming their commitment to work together in
    identified areas and further strengthen health collaboration with agreed road
    map and timelines, in the meeting scheduled to take place on April 8.
  • Prior to the Health Ministers’ meeting, the 7th Meeting of
    SAARC Expert Group on HIV/AIDS, 5th Meeting of the SAARC Technical Committee on
    Health and Population and the 5th Meeting of the SAARC Senior Officials (Health
    Secretaries) will be held on April 6-7.
  • The 4th meeting of the SAARC Health Ministers was held at
    Maldives in April 2012.

Union Government,
Government of Maharashtra and National Textile Corporation signs tripartite MoU

for the proposed BR Ambedkar memorial at
Indu Mill
  • After being stuck in legal and administrative hurdles for
    the past two years, the proposed BR Ambedkar memorial at Indu Mill, Dadar, got
    a major push after a tri-partite agreement was signed between the Union
    ministry of textile, government of Maharashtra and the National Textile
    Corporation (NTC) on Sunday.
  • The agreement was signed at New Delhi in the presence of
    Prime Minister Narendra Modi, Union minister of state for textiles Santosh
    Gangwar and state chief minister Devendra Fadnavis.
  • Fadnavis said the foundation stone for the memorial will be
    laid by Modi in a few weeks.
  • The Maharashtra government said it will decide on the
    compensation to be paid to the NTC, the owner of the land, in the next 15 days.
    However, it is yet to be cleared if the NTC will be compensated in form of land
    or otherwise.
  • According to the sources in the Mantralaya, the government
    may transfer land, equivalent to the price of the one to be acquired at the
    Indu Mill, elsewhere in the state.

Appointments

M Annadurai takes
over as Director of ISRO Satellite Centre

  • M Annadurai, senior scientist and programme director, Indian
    Remote Sensing Satellites (IRS) and Small Satellite Systems (SSS) of ISRO
    Satellite Centre (ISAC), Bengaluru, has assumed the office of Director, ISAC on
    April 1.
  • He took over as Director, ISAC from S K Shivakumar, who
    superannuated on March 31, 2015. Annadurai, born on July 2, 1958, graduated in
    Electronics and Communication Engineering from Government College of
    Technology, Coimbatore, obtained his Post Graduate degree in Applied
    Electronics from PSG College of Technology, Coimbatore and Doctoral degree from
    Anna University, Coimbatore.
  • Joining ISRO in 1982, Annadurai began his career at ISAC as
    the team leader to design and develop Software Satellite Simulator. During the period
    1992 -2005, Annadurai was the lead member of ISRO’s satellite mission team and
    managed eight INSAT Missions as the Mission Director and brought about the
    efficient ground automation for satellite operations.

P.G. Jayakumar lays
down office as MD and CEO of Dhanlaxmi Bank

  • P.G. Jayakumar has laid down office as Managing Director and
    CEO of the Kerala-based Dhanlaxmi Bank on Monday. He took charge as MD &
    CEO three years ago.
  • G. Sreeram, who was Chief General Manager, Canara Bank,
    Mumbai Circle, is succeeding him.
  • Jayakumar rose from the cadre to the highest office and
    served the bank for more than 37 years in various capacities including Branch
    Head, Zonal Head, and General Manager in charge of HR, Administration, Credit,
    Risk Management, and Treasury.
  • He assumed charge as MD & CEO at a crucial juncture
    after the exit of Amitabh Chaturvedi.
  • The bank, during Jayakumar’s period, raised capital funds of
    ₹521crore. This helped it
    comply with the regulatory capital adequacy requirements. The bank underwent
    total reorganisation as a customer-focused branch-centric model and a series of
    customer-friendly products and technology services were introduced, a press
    release said.

Rajeev Shukla
appointed IPL Governing Council chairman
  • Rajeev Shukla was, on Monday, reappointed chairman of the
    powerful Indian Premier League (IPL) Governing Council. Former Union Minister
    and Congress leader Shukla was the IPL chairman till 2013 when he resigned from
    the post in the aftermath of the IPL ‘spot-fixing’ scandal.
  • After intense speculation over who will take charge of the
    league with former Indian captain Sourav Ganguly, Ajay Shirke and Ranjib Biswal
    being the others in the fray, Mr. Shukla ultimately emerged as a consensus
    candidate. His appointment came just one day before opening ceremony of the
    IPL-8 in Kolkata.
  • Sourav Ganguly was a new entrant to the IPL Governing
    Council while the senior national selection committee led by Sandeep Patil was
    retained for another season. Team India Director Ravi Shastri also remained in
    the IPL Governing Council.
  • Another former captain Anil Kumble has been retained as chairman
    of the Technical committee while Congress leader and MPCA top boss Jyotiraditya
    Scindia will head the powerful finance committee.
  • Chetan Desai of Goa will head the Marketing Committee while
    Gokaraju Gangaraju of Andhra will be in-charge of the Tours and Programmes
    Committee.

Pedro Alvaro
Cateriano Bellido appointed as 7th Prime Minister of Peru

  • Pedro Cateriano Bellido was appointed as the seventh Prime
    Minister of Peru on 2 April 2015. He was appointed by the President Ollanta
    Humala in a ceremony held at the Government Palace in Lima, Peru.
  • He replaced Ana Jara, who was sacked on 30 March 2015 after
    losing the vote of confidence in Congress. She was sacked by Peruvian Congress
    amid allegations of spying and corruption.
  • At the time of this appointment, 56-year-old lawyer Bellido
    was serving as Defence Minister of Peru. He was serving as Peru’s Defence
    Minister since July 2012.

Sports
Sania Mirza and
Martina Hingis won 2015 Miami Open Women’s Doubles title

  • Sania Mirza and Martina Hingis, the Indo-Swiss women pair of
    Tennis, on 5 March 2015 won the Miami Open Tennis women’s doubles title. In the
    title clash played in Miami, Florida, the duo defeated the Russian pair of
    Elena Vesnina and Ekaterina Makarova, 7-5, 6-1.
  • This was second consecutive team title for the Indo-Swiss
    pair. Earlier on 21 March 2015, Mirza and Hingis had won the Indian Wells Open.

Novak Djokovic and
Serena Williams won the 2015 Miami Open Tennis Singles titles

  • Novak Djokovic and Serena Williams won the 2015 Miami Open
    Men’s and women’s singles titles of the 
    respectively at Crandon Park Tennis Center in Miami, Florida.
  • Novak Djokovic of Serbia on 5 April 2015 beat the third
    seeded Andy Murray of Britain 7-6 (3), 4-6, 6-0 to win his fifth Miami Open
    title.
  • In doing so, Djokovic became the first player to win at
    Indian Wells and Miami back-to-back for three consecutive years.
  • With this win, Djokovic and Murray have combined to win
    eight of the past ten Miami Open men’s titles.
  • Serene Williams of the US on 4 April 2015 defeated the
    twelfth seed Suarez Navarro of Spain 6-2, 6-0 to secure the title for eighth
    time.
  • With this win, Williams has won 66 singles titles, one
    behind Billie Jean King of the US.

Indian Grandmaster
Harika Wins Bronze in World Women’s Chess Championship

  • Indian Grandmaster Dronavalli Harika won the bronze medal
    along with Swedish Grandmaster Pia Cramling by virtue of making it to the
    semifinals of World Women’s chess championship here.
  • Harika lost to the eventual winner Mariya Muzychuk of
    Ukraine in the semifinals.
  • Muzychuk bagged the title after defeating Russian Natalija
    Pogonina 2.5-1.5 in the four-game final. She had earlier defeated top seeded
    Indian Grandmaster Koneru Humpy in the quarters.
  • While both Humpy and Harika got excellent chances to beat
    Muzychuk, the Ukrainian prevailed over them, thanks to some steely nerves.
  • Against Humpy, she was looking at a hopelessly lost position
    in the deciding tiebreaker when the Indian played an inexplicable blunder and
    lost.

100-Year-Old Japanese
Woman Sets Swimming Record

  • A 100-year-old Japanese woman has become the world’s first
    centenarian to complete a 1,500-metre freestyle swim.
  • Mieko Nagaoka, from Yamaguchi Prefecture, took just under an
    hour and 16 minutes to finish the race in a 25-meter pool. She was the sole
    competitor in the 100 – 104-year-old category at a short course pool in Ehime,
    western Japan on Saturday.
  • Her time is expected to be recognised by Guinness World
    Records after she submits an application to the international swimming federation,
    Japan Times reported.
  • Nagaoka began swimming at the age of 80 as part of
    rehabilitation for her hurt knee. At that time, she could barely swim.


Awards
Delhi International
Airport Limited won Golden Peacock National Quality Award 2015
  • Delhi International Airport Limited (DIAL) on 5 April 2015
    won the prestigious Golden Peacock National Quality Award for the year 2015.
  • The award will be presented to DIAL by the UAE Minister for
    Culture, Youth and Development Sheikh Nahyan bin Mubarak Al Nahyan at a
    ceremony to be held in Dubai on 20 April 2015.
  • DIAL is a joint venture consortium of GMR Group, Airports
    Authority of India, Fraport and Malaysia Airports Holdings Berhad (MAHB).

Indian-Origin Student
Pratap Singh in the UK Wins Major Physics Prize

  • A 15-year-old Indian-origin schoolboy in the UK has been
    awarded the Institute of Physics Prize for conducting an experiment that
    verified an effect of Albert Einstein’s theory of special relativity.
  • Pratap Singh, a student at The Perse School, Cambridge, has
    won the 500 pounds Institute of Physics (IOP) prize at the Big Bang Fair held
    at the National Exhibition Centre in Birmingham in March.
  • The prize was among several awarded in the finals of the
    National Science and Engineering Competition at the fair.
  • More than 200 UK students aged 11-18 competed in the finals,
    demonstrating their projects to thousands of visitors.
  • In his experiment, Singh used two Geiger-Muller tubes to
    detect cosmic-ray muons, which should not reach the Earth in detectable numbers
    unless time dilation occurs.
  • He created a mathematical model for their arrival rate with
    and without time dilation, and using a Raspberry Pi and some statistical
    analysis, showed that they follow the model predicted by Einstein’s 1905 theory
    of special relativity.





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