Hello and welcome to ExamPundit. Here are the important Current Affairs of 6th May, 2016. These are important for the upcoming SBI PO Mains, SBI Clerk mains and UIIC AO 2016.
Current Affairs Update – 6th May, 2016
- IDBI Bank on Friday announced opening of its international
banking unit (IBU) within the International Financial Services Centre (IFSC) at
Gujarat International Finance Tec-City (GIFT City). With this, IDBI became the first public sector bank to open a global
desk at GIFT City. - National Association of Software and
Services Companies (NASSCOM) on 5
May 2016 signed a partnership agreement
with Facebook to build a product design
initiative in India. - Indian Railways (IR) on 4 May 2016 announced the creation of Non-Fare Revenue
Directorate to carry out advertisements in rail coaches, along the
track and near stations. - Minister of Railways Suresh
Prabhakar Prabhu on 5 May 2016 dedicated to the nation a high speed Wi-Fi hotspot at the
three Railway Stations. These stations are Vijayawada in Andhra Pradesh, Kachiguda
in Telangana and Raipur in Chhattisgarh. - Goa-based defence shipyard, Goa
Shipyard Limited (GSL), on 5 May 2016 launched Indian Coast Guard Ship (ICGS) Shaurya at Vasco.
The is the fifth ship of a series of six off-shore patrol vessels (OPVs) that the Indian Coast Guard had tasked
the Vasco defence public sector undertaking to build. - The Union Government on 5 May
2016 announced that
the H.R. Nagendra Committee on Yoga Education in Universities has
recommended seven programmes for implementation in universities. - Indian Parashar Kulkarni in the first week of May 2016 won
the Commonwealth Short Story Prize for 2016, for the Asia region. He
was awarded for his politically grounded unpublished short fiction ‘Cow and
Company‘. - The agriculture project Harita-Priya of
Andhra Pradesh on 3 May 2016 won the
World Summit on the Information Society (WSIS) 2016 prize in e-Agriculture
category. The prize was announced in Geneva by International
Telecommunications Union (ITU) Secretary-General Houlin Zhao. - Senior IPS officer Kumar Rajesh
Chandra on 5 May 2016 was appointed the Chief of Bureau of Civil
Aviation Security (BCAS). - PCB has appointed Mickey Arthur as Pakistan’s head coach.
Finance/Banking –
IDBI Bank first PSB to open banking unit at GIFT City’s IFSC
- IDBI Bank on Friday announced
opening of its international banking unit (IBU) within the International
Financial Services Centre (IFSC) at Gujarat International Finance Tec-City
(GIFT City). With this, IDBI became the first public sector bank to open a global
desk at GIFT City. - The bank is aiming to provide
foreign currency funding facility to its Indian clients from GIFT City. - IDBI Bank has presence at DIFC,
Dubai which is catering to foreign currency and trade related requirements of
corporate clients. This is further complemented by opening of IBU at GIFT City. - According to GIFT City officials,
other public sector banks are also going to start their IBU operation in coming
days. Four private sector banks have already begun operation in GIFT City.
NASSCOM inks MoU with Facebook to develop a product design initiative
- National Association of Software
and Services Companies (NASSCOM) on 5 May 2016 signed a partnership agreement
with Facebook to build a product design initiative in India. - The agreement focus on assisting
the innovation ecosystem by helping product based companies to build solutions
in key sectors where technology can play a transformational role.
Special features of Product Design Initiative
- This initiative is aimed towards
encouraging Indian entrepreneurs to become problem solvers and develop
solutions based on innovation and design thinking. - It is a Nasscom’s country-wide
initiative with an aim to offer focused programmes to build awareness in
product design and mentorship. - Nasscom Product Council through
its flagship programme aim at supporting over 500 product start-ups on product
design. - It focuses on training over 5000
product designers over a period of two years.
Indian Railways creates Non-Fare Revenue Directorate to explore
advertising in train coaches
advertising in train coaches
- Indian Railways (IR) on 4 May
2016 announced the creation of Non-Fare Revenue Directorate to carry out
advertisements in rail coaches, along the track and near stations. - The decision to create a
directorate was taken to increase the revenue substantially from non-tariff
sources.
Key highlights of Non-Fare Revenue Directorate
- It will explore getting
advertisements on coaches, wagons, locomotives and at stations and commercial
exploitation of vacant rail land among others. - It will be headed by a
senior-level railway official. - It will focus on various ways to
enhance revenues by 10 per cent to 20 per cent from the current 5 per cent from
the non-tariff sources.
India –
Suresh Prabhakar Prabhu launched Wi-Fi hotspot at Vijayawada, Kachiguda
and Raipur
and Raipur
- Minister of Railways Suresh
Prabhakar Prabhu on 5 May 2016 dedicated to the nation a high speed Wi-Fi
hotspot at the three Railway Stations. These stations are Vijayawada in Andhra
Pradesh, Kachiguda in Telangana and Raipur in Chhattisgarh. - The Wi-Fi facility for the
visitors and rail users of these stations has been commissioned by RailTel in
association with Google for providing high speed state of the art world class
internet experience to the commuters.
Key highlights of Wi-Fi hotspots launched
- Kacheguda, Raipur and Vijayawada
Railway Stations became Wi-Fi hot spot from 5 May 2016. - RailTel Corporation of India Ltd.
has been mandated by Ministry of Railways to provide Wi-Fi for use of
passengers at A1, A and B category Railway stations. - RailTel engaged with Google as
the technology partner for setting up high speed Wi-Fi network initially in A1
and A category stations.
Offshore patrol vessel ICGS Shaurya launched
- Goa-based defence shipyard, Goa
Shipyard Limited (GSL), on 5 May 2016 launched Indian Coast Guard Ship (ICGS)
Shaurya at Vasco. The is the fifth ship of a series of six off-shore patrol
vessels (OPVs) that the Indian Coast
Guard had tasked the Vasco defence public sector undertaking to build. - This 105-metre new generation OPV
that was launched by the Governor of Goa, Mridula Sinha will be delivered to
the Coast Guard after sea trials are completed. The ICGS Shaurya will be
commissioned into service in early 2017.
H R Nagendra Committee on Yoga Education in Universities submitted its
recommendations
recommendations
- The Union Government on 5 May
2016 announced that the H.R. Nagendra Committee on Yoga Education in
Universities has recommended seven programmes for implementation in
universities. - The Union Government on 15
January 2016 had constituted a committee on yoga education in universities. The
committee was headed by Professor H.R. Nagendra, Chancellor, Swami Vivekananda
Yoga Anusandhana, Samsthana, Bengaluru. - The committee had submitted its
report on 19 April 2016.
Terms of Reference of the Committee:
- To identify the courses and
programmes in Yogic Art and Science and the levels at which they can be offered - To spell out the scope of
programmes offered at Certificate, Diploma, Degree, Post Graduate
Degree/Postgraduate Diploma and Research levels, and to develop broad details
of the curriculum in core and elective courses thereof
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Awards & Honors –
Indian Parashar Kulkarni wins 2016 Commonwealth Short Story Prize for
Asia Region
Asia Region
- Indian Parashar Kulkarni in the
first week of May 2016 won the Commonwealth Short Story Prize for 2016, for the
Asia region. He was awarded for his politically grounded unpublished short
fiction ‘Cow and Company’. - He will receive a cash prize of
2500 pounds (3835 US dollars). - The story ‘Cow and Company’
narrates the story of four men in search of a cow. The story manages to keep
the reader engaged through twists and turns show the connections between
culture and commercial interests. - Parashar Kulkarni is an assistant
professor in Social Sciences at Yale NUS College Singapore. - He is one of the five winners of
2016 Commonwealth Short Story Prize.
Winners from other four regions are:
- Faraaz Mahomed – ‘The Pigeon’
with its playful tone and unreliable narrator - Stefanie Seddon – Eel, a simply
told and moving story of childhood - Lance Dowrich – comedic
‘Ethelbert and the Free Cheese’ - Tina Makereti – ‘Black Milk’,
which impressed with a lyricism that takes the reader into another world while
keeping them always on earth
Agriculture project Harita-Priya of Andhra Pradesh wins WSIS 2016 prize
- The agriculture project
Harita-Priya of Andhra Pradesh on 3 May 2016 won the World Summit on the
Information Society (WSIS) 2016 prize in e-Agriculture category. - The prize was announced in Geneva
by International Telecommunications Union (ITU) Secretary-General Houlin Zhao. - Key features of Harita-Priya
Project - Harita-Priya stands for
Harmonized Information of Agriculture, Revenue and Irrigation for a
Transformation Agenda – Precision Technology for Agriculture. - It meant to collect very specific
climate data from farms and give farmers personalised information through SMS - It uses wireless sensor networks
to collect micro-climatic information from farms.
President Pranab Mukherjee confers Niryat Shree and Niryat Bandhu
Awards
Awards
- President Pranab Mukherjee on 4
May 2016 conferred the 15th set of Federation of Indian Export Organisations
(FIEO) Niryat Shree and Niryat Bandhu Awards in New Delhi. - The awards were presented at the
Golden Jubilee celebrations of Federation of Indian Export Organisations
(FIEO). - The awards were conferred to the
companies from various sectors of exports besides service providers, banks, and
various facilitating agencies which are promoting exports during the year
2015-16.
List of award recipients
- Reliance Industry was adjudged as
the top foreign exchange earner and leading exporter of last 50 years. - TCS bagged the Gold Award in IT
services. Exporters from engineering, chemicals, textiles, agro and processed
sector, etc. were also given Gold/Silver/Bronze awards. - State Bank of India got the Gold
award followed by Canara Bank and Punjab National Bank are among the supporting
institutions. - Besides conferring the awards,
the president also unveiled the brand new FIEO Logo representing growth,
vibrancy, innovation and entrepreneurship.
Appointments –
Kumar Rajesh Chandra appointed Chief of Bureau of Civil Aviation
Security
Security
- Senior IPS officer Kumar Rajesh
Chandra on 5 May 2016 was appointed the Chief of Bureau of Civil Aviation
Security (BCAS). - The Appointments Committee of the
Cabinet has approved the name of Chandra for appointment to the post of
Director General (formerly known as Commissioner of Security (Civil Aviation)
in the Bureau of Civil Aviation Security. - Chandra has been appointed in
place of IPS officer G S Malhi. Malhi had completed his tenure as BCAS Chief in
November 2012. The crucial post was lying vacant since then.
Sports –
Mickey Arthur appointed Pakistan’s head coach
- PCB has appointed Mickey Arthur
as Pakistan’s head coach. He fills the role vacated by Waqar Younis’
resignation in April, following Pakistan’s early exit from the World T20. - This is Arthur’s third assignment
with an international side; he coached South Africa from 2005 to 2010, and
Australia from 2011 to 2013. A PCB release said Arthur was expected to take
over by the end of the month. - Arthur, who played 110
first-class matches in a South African domestic career lasting a decade and a half,
has had a chequered past as an international coach.
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