Current Affairs Update – 6th May, 2016

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.

• 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.

• 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.

• 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 (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.

• 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.

• 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.

• 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.

• 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.

• 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.

• 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

• 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.

1. Faraaz Mahomed – ‘The Pigeon’
   with its playful tone and unreliable narrator
2. Stefanie Seddon – Eel, a simply
   told and moving story of childhood
3. Lance Dowrich – comedic
   ‘Ethelbert and the Free Cheese’
4. Tina Makereti – ‘Black Milk’,
   which impressed with a lyricism that takes the reader into another world while
   keeping them always on earth

• 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 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.

• 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.

• 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.

• 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.

Regards

Team ExamPundit