Current Affairs 13th May 2016 - Banking, SSC, UPSC Affairs

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The Supreme Court has upheld constitutional validity of penal laws on defamation as the right to life under Article 21 includes the right to reputation. Ruling in this regard was given by two-judge SC bench of Justices Dipak Misra and Justice Prafulla C Pant on combined petitions filed by a number of politicians and public figures. Legal Provisions on defamation : Sections 499 and 500 of the Indian Penal Code (IPC), 1860 make defamation a criminal offence. As per Indian law’s defamation cases are both a civil wrong and a criminal offence. In a criminal wrong a person can invite imprisonment up to two years as per section 500 of IPC, while in a civil wrong a person may be sued for monetary compensation. Supreme Ruled that  : Freedom of Right to speech and expression enshrined under Article 19 of Constitution does not confer any right to a person to trample the reputation of others. Right to free speech is not absolute, so it does not mean freedom to hurt another’s reputation which is protected under Article 21 of the Constitution. Defaming a person amounts to offence against society and the government is entitled to lodge a case against a person under criminal defamation law. Magistrates across the country to observe extreme caution while issuing summons in private defamation complaints. Henceforth the interim protection will continue and criminal proceedings will remain stayed before trial court.  

Former India captain Rahul Dravid and ex-Sri Lanka captain Mahela Jayawardena have been appointed to the ICC Cricket Committee, adding even more cricketing experience to the list of eminent people already on it. Dravid and Jayawardene have played 1,161 international matches between them from 1996 to 2015, and each was appointed for a three-year term, read a statement from the ICC.Dravid, along with former Australia off-spinner and ex-Chief Executive of Federation of International Cricketers' Association (FICA), Tim May, were elected by the current Test captains as current player representatives, replacing former Sri Lanka captain Kumar Sangakkara, who has completed his final three-year term, and Laxman Sivaramakrishnan, who completed his three-year term. Jayawardene was appointed as a past player representative and takes over from former Australia captain Mark Taylor, who also completed his final three-year term. The former India captain was appointed as the Chair in 2012 and will now continue to head the group until 2018. The ICC Cricket Committee : Chairman: Anil Kumble (former India captain) Ex-Officio: Shashank Manohar (ICC Chairman) and David Richardson (ICC Chief Executive) Past Player representative: Andrew Strauss (former England captain); Mahela Jayawardena (former Sri Lanka captain) Current Player representative: Rahul Dravid (former India captain); Tim May (former Australia off-spinner and ex-CEO of FICA) Full Member team coach representative: Darren Lehmann (Australia coach)  Associate representative: Kevin O’Brien (Ireland all-rounder) Women’s Cricket representative: Clare Connor (former England women’s team captain) Full Member representative: David White (NZC chief executive) Media representative: Ravi Shastri (former India captain and a respected commentator) Umpires’ representative: Richard Kettleborough (member of the Emirates Elite Panel of ICC Umpires) Referees’ representative: Ranjan Madugalle (ICC chief match referee and former Sri Lanka captain) MCC representative: John Stephenson (MCC’s Head of Cricket)

Union Government’s apex think tank NITI (National Institution for Transforming India) Aayog has decided to come up with a 15-year vision document in tandem with global trends and economic growth. NITI Aayog which had replaced erstwhile Planning Commission (PC) in 2015, with its 15-year vision document will also abandon the concept of five-year plans prepared by the PC since 1951. The first 15-year vision document will come into effect from 2017-18 after the end of the 12th Five year plan. It will be formulated with central objective of eradication poverty.  It will come along with a seven-year National Development Agenda which will lay down the programmes schemes, and strategies to achieve the long-term vision  The long vision document (perspective plan) will comprise of three-year macroeconomic framework. The framework will predict growth indicators that will be synced with the 14th Finance Commission recommendations.  It will also be coterminous with the UNDP’s 2030 sustainable development goals to which India is committed to meet broader social objectives.  The 15-year vision document will also include defence and internal security. They were not been a part of five-year plans. The NITI Aayog will also create a dashboard for monitoring, evaluation and review of the implementation of vision document. The 14th Finance Commission recommendations will remain in force till financial year 2019-20. It had favoured giving states more untied funds along with greater fiscal responsibility in implementing centrally-sponsored schemes. To this effect, it had increased the states’ share in central taxes from 32% to 42%. UNDP’s 2030 sustainable development goals include 16 long-term goals and 169 sub-targets to be achieved by 2030.

The government has approved widening of the crucial UP Gate to Dasna stretch of the Delhi-Meerut Expressway, to be built at an estimated cost of Rs 1,983 crore, which will ease traffic congestion in the national capital. The Cabinet Committee on Economic Affairs (CCEA), chaired by the Prime Minister Narendra Modi , has given its approval for development of 8/6 laning of Delhi-Meerut Expressway - Package-II-Uttar Pradesh Border to Dasna Section of NH-24 in Uttar Pradesh. The cost of the project is estimated to be Rs 1,983.51 crore including cost of land acquisition, resettlement and rehabilitation and other pre-construction activities. The total length of the road will be approximately 19 kms.The project will help in expediting the improvement of infrastructure in Uttar Pradesh and in reducing the time and cost of travel, particularly for heavy traffic, plying between 'Delhi-Meerut' Uttar Pradesh Border to Dasna section on National Highway-24. The National Highway will show a way to freedom from pollution, he had said. Earlier Road Transport and Highways Minister Nitin Gadkari has said that the project will reduce the distance between the national capital and Meerut to 40-45 minutes from 3 hours at present.The Delhi-Meerut Expressway would be an access controlled highway and 31 traffic signals have been removed from the stretch. While, the work on Delhi-Dasna section would cost Rs 2,869 crore, the construction of 46 km long six-lane Dasna-Meerut section of the expressway will cost Rs 3,575 crore.

The head of Sant Nirankari Mission and an Indian spiritual guru Hardev Singh has passed away in a road accident in Canada. He was 62 year old. The Sant Nirankari Mission is established in 1929 and also known as Universal Brotherhood Mission.  He had been leading the organisation since 1980, after the assassination of his father, who was the previous head of the Sant Nirankari Mission. The Sant Nirankari Mission (SNM) is a spiritual and humanitarian movement with itsheadquarters in Delhi. The SNM has over 100 branches outside India in 27 countries, most prominently in Britain and North America. The Sant Nirankari Mission : Sant Nirankari Mission also known as Universal Brotherhood Mission, is a spiritual organisation based in India. The Sant Nirankari Mission identifies itself as "neither a new religion nor a sect of an existing religion, but an all-embracing spiritual movement dedicated to human welfare".Despite the similarity of name, the group is not (or is no longer) affiliated with the Nirankari movement started by Baba Dyal Singh. The Sant Nirankari movement has been targeted for violence by some extremists among the orthodox Sikhs, who consider the group to be a heresy of Sikhism.Its leader, Baba Hardev Singh Ji Maharaj, provides spiritual guidance for Nirankari devotees; as well as for whole mankind follows any religion, caste and culture.  

The Reserve Bank has that entities from Pakistan, China, Bangladesh and four other regions will require its prior approval to establish branch office or project office in India.  Other countries and regions are Sri Lanka, Afghanistan,Iran and Hong Kong or Macau, RBI said while releasing guidelines for foreign entities to open a branch office (BO) or a liaison office (LO) or a project office (PO) in India. Permission of RBI will also be required for opening a BO/LO/PO in Jammu and Kashmir, North East region and Andaman and Nicobar Islands.  The approval is also required if the applicant is a Non-Government Organisation (NGO), a Non-Profit Organisation, or a Body/ Agency/ Department of a foreign government.  Highlights : It will also be needed if the principal business of the applicant falls in the four sectors  defence, telecom, private security and information and broadcasting. Applications from persons resident in other countries will be considered by the bank as per the guidelines. BOs are permitted to remit outside India profit of the branch net of applicable Indian taxes, on production of the certain documents.In the case of proposal for opening a PO relating to defence sector, no separate reference or approval of Government of India shall be required if the said non-resident applicant has been awarded a contract by/ entered into an agreement with Ministry of Defence or Service Headquarters or Defence Public Sector Undertakings. 

The Union Cabinet chaired by Prime Minister Narendra Modi on 12 May 2016 approved to sign the inter-governmental agreement between India and Mauritius. The agreement is on cooperation in cooperatives and related fields.  Features of the agreement : The agreement between the two countries will be for duration of five years after which it will be automatically extended for another five years.It provides for promoting cooperation through short and medium term programmes within the framework of the joint activities mentioned in it.A work plan will be drawn up by mutual agreement between the two parties to give effect to the objectives of the agreement.India and Mauritius also signed a protocol on taxation that amend the convention for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and capital gains on 10 May 2016. Mauritius Government showed keen interest to develop Institutional Mechanism between Cooperative Development Fund (CDF) set up by it and National Cooperative Union of India (NCUI) so as to benefit from NCUI's experience in Cooperative Development.A joint meeting was held in September 2012 in Department of Agriculture, Cooperation & Farmers Welfare followed by Ministerial level meeting after a year in September, 2013.It was discussed for the possibility of signing an MoU between the two countries for exchange of legislation governing cooperatives, exchange of information and technicalities pertaining to the cooperative sector, establishment of institutional linkages and deputation of experts under ITEC programme.A delegation of two senior officials from the Mauritius Government visited cooperative organisations of India to explore the possibilities of bilateral cooperation in the field of cooperatives.  

The Union Cabinet chaired by Prime Minister Narendra Modi on 12 May 2016 gave its approval to Securities and Exchange Board of India (SEBI) to sign a Memorandum of Understanding (MoU) with Financial Services Regulatory Authority (FSRA), Abu Dhabi. Features of the MoU : The MoU is for mutual co-operation and technical assistance between the two financial regulators. It will promote further development of economic links and cooperation between the two signatoriesIt will help to create conditions for development of securities markets in the two countries.It would also contribute towards strengthening the information sharing framework between the two regulators. Apart from Abu Dhabi, SEBI also signed bilateral agreements with a number of countries which include Mauritius, Bangladesh et SEBI is signing MoUs with different country’s financial jurisdictions who are not a signatory to the multilateral MoU of International Organisation of Securities Commissions (IOSCO).  SEBI is a signatory to global market regulators' grouping IOSCO's MoU which encourages the exchange of information and assistance.

Central Asian state leaders on Thursday inaugurated the Central Asia South Asia (CASA-1000) transmission line near Dushanbe in Tajikistan.Tajik President Emomali Rahmon, Afghan Chief Executive Abdullah Abdullah and Kyrgyz Prime Minister Sooronbay Jeenbekov jointly launched the project alongside PakistanPrime Minister Nawaz Sharif. The $1.2 billion, 750-kilometre-long transmission line expected to be complete by 2018 will allow Pakistan to import electricity from Tajikistan and Kyrgyzstan via Afghanistan to minimise its electricity shortage, reports Dawn.Sharif who is on his two-day trip here at delegation-level meeting agreed to strengthen bilateral relations, particularly in areas of trade, energy and connectivity with his hosts. Since 2005, Pakistan, Afghanistan, the Kyrgyz Republic and Tajikistan have been pursuing the development of electricity-trading arrangements and the establishment of the Casa Regional Energy Market (CASAREM).Afghanistan has given a sovereign guarantee to protect the section of the transmission line passing through it. The Casa-1000 project will include a 750km high voltage direct current (DC) transmission system between Tajikistan and Pakistan via Afghanistan, together with associated converter stations at Sangtuda (1,300MW), Kabul (300MW) and Peshawar (1,300MW). The 477km 500kV alternating current facility will run between the Kyrgyz Republic (Datka) and Tajikistan (Khoujand).

Wrestlers Ravinder Khatri and Babita Kumari have secured spots at the upcoming Rio Olympics after their rivals failed a dope test, taking the total number of quota places from India to eight. Khatri was awarded the berth in the Greco-Roman 85 kg after Kenzheev Zhanarbek of Kyrgystan tested positive at the Asian Olympic qualifier. Babita gets a shot at competing in Rio with Mongolian wrestler Sumiya Erdenechimeg failing the dope test in 53 kg freestyle, also at the Asian qualifier. While Vinesh won a gold in 48kg category, Sakshi bagged a silver in 58kg class as they booked a Rio Games quota place each for the country. This is the first time two women wrestlers from India have qualified for the Olympics. At 2012 London Games, Geeta Phogat was the lone Indian female grappler in the fray. This is the first time that India will be represented in all three formats - men's freestyle, female wrestling and Greco-Roman - at the Olympics.  

The Union Cabinet has apprised of a General Framework Agreement (GFA) on Renewable Energy Cooperation between India and United Arab Emirates (UAE). The GFA was signed in February 2016 in New Delhi during the official state visit of Crown Prince of UAE to India. Highlights : The GFA aims at boosting bilateral cooperation between India and UAE in the field of new and renewable energy technologies. It will provide opportunity for exploring potential renewable energy projects for investments; cooperation in the International Solar Alliance (ISA) and explore avenues of cooperation in R&D in renewable energy. It also will help in developing knowledge-sharing mechanisms to build upon the human capital, establishing a joint fund to facilitate investment etc.  

The Union Railways Ministry has decided to constitute two Directorates viz. Mobility Directorate (MD) and Non-Fare Revenue Directorate (NFRD). They will be established for creation of cross functional directorates to focus on different areas in line with the Railway Minister’s budget speech. Mobility Directorate : It will be constituted to focus on areas like speed enhancement. It will handle work such as identification and prioritization of train corridors for raising speed and identification of path for timetabled freight trains. Non-Fare Revenue Directorate : It will be constituted to focus on areas for enhancing revenues by 10% to 20% from Non-Tariff sources. Among other things, it will handle advertisement at stations, commercial exploitation of vacant land, and advertisements on coaches. These new Directorates would work directly under the supervision of Chairman of the Railway Board.

Six countries, namely India, China, Israel, New Zealand, Canada and Iceland, signed a Multilateral Competent Authority agreement for the automatic exchange to boost transparency by multinational enterprises (MNEs). The signing ceremony took place in Beijing on 12 May 2016.With this, the total number of signatories came up to 39. Highlights : The pact allows all signatories to bilaterally and automatically exchange Country-by-Country Reports ("CbC MCAA") with each other, as contemplated by Action 13 of the BEPS Action Plan. It will help ensure that tax administrations obtain a complete understanding of how MNEs structure their operations, while also ensuring that the confidentiality of such information is safeguarded.The OECD/G20 BEPS Project set out 15 key actions to reform the international tax framework and ensure that profits are reported where economic activities are carried out and value created.BEPS is of major significance for developing countries due to their heavy reliance on corporate income tax, particularly from MNEs.Country-by-country reporting will require MNEs to provide aggregate information annually, in each jurisdiction where they do business, relating to the global allocation of income and taxes paid, together with other indicators of the location of economic activity within the MNE group. It will also cover information about which entities do business in a particular jurisdiction and the business activities each entity engages in. G20 leaders endorsed the wide-ranging BEPS package in November 2015, marking an historic opportunity for improving the effectiveness of the international tax system. The signed package was a result of more than two years of discussions involving all OECD and G20 countries. The discussions also included more than a dozen developing countries.  

The World Health Organisation (WHO) on 12 May 2016 in a survey announced that New Delhi is no longer the worst polluted city in the world in terms of air quality. However, India is home to four of the five cities in the world with the worst air pollution. As per the report, in terms of PM2.5 measurement, New Delhi ranked as the ninth worst city in the survey. The national capital had an annual average PM2.5 measurement of 122. Highlights of the survey : The dirtiest air was recorded at Zabol in Iran, which suffers from months of dust storms in the summer. Zabol clocked PM2.5 measure of 217.The next four cities in the list were Gwalior, Allahabad, Patna and Raipur.New Delhi was the survey's ninth worst city, measured by the amount of particulate matter under 2.5 micrograms found in every cubic metre of air. Delhi had an annual average PM2.5 measurement of 122. Highlights of WHO’s urban air quality database : More than 80% of people living in urban areas that monitor air pollution are exposed to air quality levels that exceed WHO limits.Populations in low-income cities are the most impacted.98% of cities in low- and middle income countries with more than 100000 inhabitants do not meet WHO air quality guidelines. However, in high-income countries, that percentage decreases to 56%.

Axis Bank has appointed Sanjiv Misra, a retired bureaucrat, as non-executive chairman and independent director for a period of five years. It also elevated two senior executives - Rajiv Anand and Rajesh Dahiya - as executive directors (EDs); they would also get a berth on the board of directors. Misra was earlier the SUUTI nominee on the board as non-executive chairman for three years till May 11, 2016. The right of SUUTI to appoint the Chairman of the Bank, under the old Article 89 (1) of the Articles of Association was rescinded with effect from May 10, post amendment of the Articles of Association SUUTI, a special undertaking formed to own UTI's stake in Axis Bank, L&T and ITC, owns 11.93 per cent in the private lender which was earlier known as UTI Bank. The re-appointment of Misra is subject to the approval of the Reserve Bank of India (RBI) and the shareholders of the bank. The Union Government holds 11.7% stake in Axis Bank through the Specified Undertaking of the Unit Trust of India (SUUTI).  

Kerala has once again been named as the best family destination in the country at the Lonely Planet Magazine India (LPMI) Travel Awards 2016.Kerala Tourism Director U V Jose received the award at a function in Mumbai. Nominations for the awards are shortlisted by a panel of travel experts and professionals, following which readers vote both online and in the magazine.Besides being judged the best place to take the family along for a holiday, Kerala was also nominated in the best destination for 'culture' and 'to relax' categories. Kerala Tourism had earlier won the Ulysses Prize of the United Nations World Tourism Organisation for its contribution as a global leader to sustainable tourism. Lonely Planet : Lonely Planet is the largest travel guide book publisher in the world.The company is owned by American billionaire Brad Kelley's NC2 Media, which bought it in 2013 from BBC Worldwide for US$77 million (the equivalent of £45.5 million in May 2014) after it was valued at US$250 million in 2008.Originally called "Lonely Planet Publications", the company changed its name to "Lonely Planet" in July 2009 to reflect its broad travel industry coverage and an emphasis on digital products. After the Let's Go travel guide series that was founded in 1960, the Lonely Planet books were the second series of travel books aimed at backpackers and other low-cost travellers. As of 2011, the company had sold 120 million books since inception and by early 2014, it had sold around 11 million units of its travel apps  

Bollywood actress Priyanka Chopra has got another feather to add in her hat. She has been recently named in the list of 10 Millennial Leaders Around the Globe.  According to a 2015 study Ninety-one percent of millennials are leaders. These 10 millennial leaders have accomplished just that, making their mark on countries around the world. Other celebrities  : Other celebrities who have been listed are Malala Yousafzai, Kim Jong Un, Mark Zuckerberg, Prince William, Mary-Kate and Ashley Olsen, Rafael Nadal, Sonita Alizadeh and Mhairi Black. Quantico, Baywatch, Time magazine’s most Influential list and made the US News’ 10 Millennial Leaders Around the World.

International Nurses Day (IND) is an international day celebrated around the world on 12 May of each year, to mark the contributions nurses make to society. Theme of International Nurses Day (IND) : Nurses: A Force for Change : Improving Health Systems' Resilience The International Council of Nurses (ICN) has celebrated this day since 1965.In 1953 Dorothy Sutherland, an official with the U.S. Department of Health, Education and Welfare, proposed that President Dwight D. Eisenhower proclaim a "Nurses' Day"; he did not approve it. In January 1974, 12 May was chosen to celebrate the day as it is the anniversary of the birth of Florence Nightingale, who is widely considered the founder of modern nursing.Each year, ICN prepares and distributes the International Nurses' Day Kit.The kit contains educational and public information materials, for use by nurses everywhere. In 1999, the British public sector union UNISON voted to ask the ICN to transfer this day to another date, saying Nightingale does not represent modern nursing.As of 1998, 8 May was designated as annual National Student Nurses' Day. As of 2003, the Wednesday within National Nurses Week, between 6 and 12 May, is National School Nurse Day.

Madan Mohan Malaviya founded Banaras Hindu University to help promote the sustainable development, growth and eradication of poverty, this outstanding institution of excellence has completed 100 years of its eventful journey. This worldwide reputed temple of learning was established by Mahamana Pandit Madan Mohan Malviya in 1916. It has two campuses. University’s main campus spread over 1,300 acres in Varanasi While the second campus South campus, spread over 2,700 acres about 60 km from Banaras.It started functioning from 1st October, 1917 with the Central Hindu College as its first constituent College.The University is one of the largest residential universities in Asia with over 20,000 students.

Indian Air Force has launched its Electronic Maintenance Management System (e-MMS) Project, an automated military maintenance system. It was inaugurated by the Chief of Air Staff, Air Chief Marshal Arup Raha at the Air Force Station in Pune, Maharashtra. The e-MMS project is one of the largest Maintenance Repair Overhaul (MRO) IT implementation in the world. The project has been designed and developed by the Indian IT giant Wipro. IAF had signed the contract for the project e-MMS with Wipro as a System Integrator (SI) in 2013. The e-MMS system has a central console that will help IAF to get rid of paper works and heavy logbooks. It seeks to seamlessly connect squadrons, wings, commands, and Air Headquarters after its implementation. It will transform IAF’s paper-based legacy maintenance system to an online system as it will be implemented in IAF’s hierarchy and functioning. It will help to transform work environment of IAF to become more efficient and also help to monitor the operational availability of all fleets and systems in real time at various hierarchical levels.

US President Barack Obama has appointed an Indian-American engineer, Manjit Singh, as the member of President's Advisory Council on Faith-Based and Neighborhood Partnerships on 12 May 2016.The announcement came along with several other appointments made by the US President. Manjit Singh : Singh is the President of Agilious, a software technology consulting firm he founded in 2013.He is the co-founder of the Sikh American Legal Defense and Education Fund, a national Sikh American media, policy and education organization. He served as a member of the Board of Directors of the Guru Gobind Singh Foundation and also as a Member-at-Large of The Board of the Interfaith Conference of Metropolitan in Washington.He is an engineering graduate of Bombay University.He also received a Master of Science degree from the State University of New York in US. President's Advisory Council on Faith-Based and Neighborhood Partnerships : The President's Advisory Council on Faith-Based and Neighborhood Partnerships brings together leaders and experts in fields related to the work of faith-based and neighborhood organizations in order to make recommendations to the Administration on how to improve the partnerships it forms to serve people in need. The Council is charged with: Identifying best practices and successful modes of delivering social services. Evaluating the need for improvements in the implementation and coordination of public policies relating to faith-based and neighborhood organizations.Making recommendations to the President and the Administration on changes in policies, programs, and practices. The Council, after conducting its research, reviews, and deliberation, submits written reports of its recommendations.  

Maharashtra government has declared drought in over 29000 villages of the state, most of them in parched Marathwada and Vidarbha regions on 12 May 2016.The government through a corrigendum issued from Mumbai clarified that wherever reference is made to a 'drought-like situation' in the state manual, it would be read as drought. The reference is made in accordance with an assurance it gave to the Bombay High Court recently. The state is strictly implementing various schemes and taking measures to mitigate the water scarcity in drought-hit areas, and more particularly in Marathwada and Vidarbha regions. The villages that have now been declared as affected by drought were already receiving benefits from the government and that the Drought Manual provided only for the word drought-like. Earlier on 7 May 2016, the Chief Minister Devendra Fadnavis met Prime Minister Narendra Modi and requested 10000 crore rupees as relief for the parched state. Of this, 7500 crore rupee was to be spent on completing irrigation projects in Marathwada and Vidarbha over the next three years, while the remaining would be used for projects in Western Maharashtra.

The Drowned Detective authored by Neil Jordan depicts genre-defying story about a private investigator who arrived in a small Eastern European city because he was told about the opportunities opening up in former Soviet countries. The story moves as the detective sets up, along with a colleague from that country, an agency to trace missing people and criminals. The book’s first few pages are about a wayward minister who cheats on his wife.The minister is tracked by the detective whose name is Jonathan. One day, an elderly couple approached Jonathan to investigate the disappearance of their daughter.Jonathan feels compelled to find the daughter as the faded photograph of the little girl reminds him of his own daughter.The story moves on as Jonathan encounters a young woman who jumped inside the river that divides the city.Jonathan plunges in the river after the woman to only find himself dragged into her ghostly world of confusion, coincidence and intrigue. Neil Jordan :  Neil Patrick Jordan is an Irish film director, screenwriter and novelist.He won an Academy Award for Best Original Screenplay for The Crying Game.He also won the Silver Bear for Best Director at the Berlin International Film Festival for The Butcher Boy.His other novels are: The Past, Night in Tunisia, Sunrise with Sea Monster among others.  

A Genetic study confirmed that the Bene Israel community living in the western part of India has roots of Jewish. The study from Tel Aviv University, Cornell University and the Albert Einstein College of Medicine was published on 10 May 2016 in American Friends of Tel Aviv University. Through the study of DNA, genetic evidences wereprovided by scientists about the Jewish roots in the Bene Israel community and the research team determined the genetic history of worldwide Jewish diaspora. They used sophisticated genetic tools to conduct comprehensive genome-wide analyses on the genetic markers of 18 Bene Israel individuals. Highlights of the Study : They found that while Bene Israel individuals genetically resemble local Indian populations but they constitute a clearly separated and unique population in IndiaThe study confirmed that Bene Israel being an admixed population, with both Jewish and Indian ancestry.The genetic contribution of each of these ancestral populations was substantial, some 19-33 generations (approximately 650-1050 years) ago.The researchers believed that the first encounter involved Middle-Eastern Jews and was followed by a high rate of tribal intermarriage. This study provides a new example of how genetic analysis can be a valuable and powerful tool to advance our knowledge of human history. According to their oral history, the Bene Israel people descended from 14 Jewish survivors of a shipwreck on India's Konkan shore.The exact timing of this event and the origin and identity of the Jewish visitors are unknown. Some date the event to around 2000 years ago. Others estimate that it took place in 175 BCE.Still others believe their Jewish ancestors arrived as early as the 8th century BCE.

Forbes magazine has released the list of Money Masters: the Most Powerful People in the Financial World on 11 May 2016. The list comprises of 40 most powerful peoples in the financial world.The only Indian who finds mention in the list is Uday Kotak, the CEO of the Kotak Mahindra Bank. He is ranked 33rd in the list with a net worth of 7.1 billion dollars and oversees assets worth 34.6 billion dollars. The list has been topped by Stephen Schwarzman of Blackstone Group followed by David Tepper of Appaloosa Management and Jamie Dimon of JP Morgan Chase & Co. Top ten People in the list include : Stephen Schwarzman : He is the CEO of Blackstone Group, the world’s biggest private equity firm. The net worth is 10.2 billion dollars and oversees assets worth 344 billion dollars. David Tepper : He is the CEO of Appaloosa Management and has a net worth of 11.4 billion dollars and oversees assets worth 18 billion dollars. Jamie Dimon : He is the CEO of JPMorgan Chase & Co, America’s largest bank. He oversees an institution that moves 5 trillion dollars a day. His net worth is 700 million dollars and oversees asset worth 2.4 trillion dollars. Warren Buffet : He is the CEO of Berkshire Hathaway and has a net worth of 68.5 billion dollars and oversees assets worth 552 billion dollars. Laurence Fink : He is the CEO of the world’s biggest asset manager BlackRock and has net worth of 550 million dollars and oversees assets worth 4.6 trillion dollars. Ken Griffin : A successful hedge fund manager and CEO of the financial firm Citadel. He as a net worth of 7.6 billion dollars and oversees assets worth 25 billion dollars. Jeffrey Gundlach : The bond king is the CEO of Doubleline Capital and has a net worth of 1.4 billion dollars and oversees asset worth 95 billion dollars. Carl Icahn : The activist investor     and CEO of Icahn Investors has a net worth of 17.6 billion dollars and oversees assets worth 42 billion dollars. Lloyd Blankfein : He is the CEO of Goldman Sachs and has a net worth of 700 million dollars and oversees assets worth 878 billion dollars. George Soros : He is the chairman of Soros Fund Management and has a net worth 24.9 billion and oversees assets worth 29 billion dollars. The candidates on the list were judged on net worth, assets under management or overseen, three-year track records and influence on markets.

The Estimates Committee of Parliament, in its report on Ganga Rejuvenation tabled on 11 May 2016 recommended an overarching and fully empowered authority headed by the Prime Minister. The Committee opined the authority is required to cut down on the red tape involving various ministries and state governments to be set up for securing the nirmalta (purity) and aviralta (flow) of the Ganga by July 2018. The committee is chaired by BJP veteran Murli Manohar Joshi.The committee also expressed concern over Ganga being declared one of the 10 most polluted rivers in the world. Mission Clean Ganga : National Ganga River Basin Authority (NGRBA) started the Mission Clean Ganga with a changed and comprehensive approach to champion the challenges posed to Ganga through four different sectors, namely, of wastewater management, solid waste management, industrial pollution and river front development. NGRBA functions include development of a Ganga River Basin Management Plan, regulation of activities aimed at prevention, control and abatement of pollution, to maintain water quality and to take measures relevant to the river ecology in the Ganga basin states. It is mandated to ensure the maintenance of minimum ecological flows in the river Ganga and abate pollution through planning, financing and execution of programmes including that of   Augmentation of Sewerage Infrastructure Catchment Area Treatment Protection of Flood Plains Creating Public Awareness

Hockey India has recommended Indian women’s team captain Ritu Rani and senior men’s team drag-flicker VR Raghunath along with Dharamvir Singh for Arjuna Award on 11 May 2016. Besides, it also recommended Sylvanus Dung Dung for Major Dhyan Chand Lifetime Achievement Award and veteran coach CR Kumar for Dronacharya Award. VR Ragunath : He debuted for Indian Hockey team in 2005 against Pakistan for bilateral series.He was part of Indian team that won the bronze in the 2007 Sultan Azlan Shah Cup and Silver in 2008.He also helped Indian team to win gold in the 2007 Asia Cup and silver in 2013 where he scored six goals.In 2014 Asia Games he was the key member of the Indian team which won the gold after nearly three decades and secured Olympic berth. Ritu Rani : She led the team from the front and helped it achieve the 2016 Rio Olympic berth. Dharamvir Singh : He was also a part of the 2014 Asian Games gold medal winning team.He was also in the team which won the silver medal at the 2014 Commonwealth Games and the bronze medal at 24th Sultan Azlan Shah Cup. Sylvanus Dung Dung: Aged 70, he was part of the Indian team that won the gold at the 1980 Moscow Olympic Games wherein he had scored the golden goal against Spain. CR Kumar : He is best known for guiding the Indian junior men’s hockey team to glory in the 2011 Junior World Cup in Hobart when he had served as the team’s Head Coach.He has also served as Assistant Coach of the Indian senior men’s team at the 1998 Utrecht World Cup and 2002 Kuala Lumpur World Cup.In recent years he has been closely working with women’s foreign Chief Coach Neil Hawgood.

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What are the topics covered in 13th May 2016 Current Affairs

Fresherslive - 13th May 2016 Current Affairs covers wide range of important GK topics which are surely asked in the competitive exams as well as interviews.
    Topics covered in the 13th May 2016 Current Affairs are
  • International News,
  • National News (ie. Indian Affairs),
  • important events associated with Science & Technology, Environment,
  • Bills & Acts Passed by Government,
  • Defence News,
  • About important Persons, Places,
  • Banking & Economical News,
  • Awards & Honours,
  • Sports News,
  • Revolutionary Updates on Arts & Culture,
  • Obituary,
  • Summits & Conference,
  • Important Committee,
  • Schemes,
  • Appointments,
  • Important Days & its Theme for Current as well as upcoming Year,
  • Books & Its Authors,
  • Agreements & MoUs,
  • Budget, Taxes,
  • Various Important Lists & Indexes,
  • Visits by World Presidents, Prime Ministers,
  • Political affairs and all Current News.

13th May 2016 Current Affairs Quiz

Try to answer the 13th May 2016 Current affairs quiz questions, after going through 13th May 2016 current affairs news. 13th May 2016 current affairs Quiz questions are designed in an endearing and better way to revise all the important points of current events. Correct answers are shown at the end of the Quiz to scale up the candidate’s grasping level of General Knowledge.

Enrich your GK with FreshersLive 13th May 2016 Current Affairs News

Nowadays, in most of the competitive exams and interviews, there is a separate section for current affairs which plays a major role in final merit listing of Candidates. Make use of this precious 13th May 2016 current affairs updates and quiz material for preparing Top competitive exams like UPSC, SSC CGL, SSC CHSL, SSC MTS, LIC AAO, RBI Grade 'B' & Assistants, NABARD Grade A & B, SBI PO & Clerk, IBPS PO & Clerk, IBPS RRB Officer Scale 1 & Assistants, CAPF, etc,.

On checking this page frequently, you can't miss any Current Affairs news of 13th May 2016. Go through all the current affairs news updated in this page and practice with Quiz right now to succeed in your competitive exam as well as interview.

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