Current Affairs 2nd May 2016 - Banking, SSC, UPSC Affairs

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Physicist Sriram Ramaswamy, Director of TIFR Centre for Interdisciplinary Sciences, Hyderabad, was elected as the Fellow of The Royal Society, as announced on 29 April 2016. His name appeared on the list of 50 new fellows and 10 new Foreign Members announced by the Royal Society.Besides, biochemist Ramanujan Hegde, MRC Laboratory of Microbiology, U.K. and applied mathematician Lakshminarayanan Mahadevan, Harvard University, are the other two Indian names who were also elected as the fellows of the premier scientific academy of the U.K. and the Commonwealth. About Sriram Ramaswamy: Sriram directs the TIFR Centre for Interdisciplinary Sciences in Hyderabad, and is on leave from the Indian Institute of Science, Bangalore.Among the awards he has received for his research are the Shanti Swarup Bhatnagar Prize in 2000 and the Infosys Prize in 2011.His research helped found the field of Active Matter, which studies the collective behaviour of objects, such as motile organisms.He is widely known for formulating the hydrodynamic equations governing the alignment, flow, mechanics and statistical properties of suspensions of self-propelled creatures, on scales from a cell to the ocean.About Lakshminarayanan Mahadevan: L Mahadevan was born in India, and was educated there through college.He completed his PhD at Stanford University.He started his independent career at MIT.His work has been recognized by awards that include the Edgerton Prize at MIT and the Ledlie Prize at Harvard.His work attempts to understand the geometrical and dynamical patterns of shape and flow in physical and biological matter. About Ramanujan Hegde:  Ramanujan Hegde is a biochemist whose research has deepened humans’ understanding of how newly made proteins are localised correctly inside cells.His research contributions have been recognized by the R.R. Bensley award in Cell Biology in 2008, and his election as a Member of the European Molecular Biology Organisation in 2013.

Andhra Pradesh Chief Minister N Chandrababu Naidu on 1 May 2016 launched Chandranna Bima Yojana in Vijayawada. The Yojna launched on the occasion of May Day is an insurance scheme for the working class people.The state government scheme will cover about 1.5 crore workers of the state.Under the scheme any insured worker who meets an accidental death and permanent disability will be paid 5 lakh rupees. That worker who suffers partial disability will be paid a sum of 3 lakh rupees.Besides, the Chief Minister asked officials to conduct enumeration and enroll all the eligible workers under the scheme. He said, government would earmark 132 crore rupees for its implementation.

India ranks fifth position in the exports of Fake goods globally, while china is No.1 in the list with a huge 63 % share in the estimated half-a-trillion dollar worldwide imports of forged and pirated goods. Ranking of Countries affected by global Trade in fake foods: US Italy France Switzerland Japan Value of imported fake goods worldwide at USD 461 billion in 2013, compared with total imports in world trade of USD 17.9 trillion. 5% of goods imported into the European Union are fakesHalf a million customs seizures around the world over 2011-13Fake products handbags, perfumes, machine parts, chemicals and footwear.Causes of Counterfeiting – Endanger lives: Auto parts that fail, pharmaceuticals that make people sick, toys that harm children, baby formula that provides no nourishment and medical instruments that deliver false readingsPostal parcels are the top method of shipping forged goods, accounting for 62% of seizures, reflecting the growing importance of online commerce in international trade.

Indian shooters bagged three gold medals and a bronze on the opening day of the ISSF Junior World Cup in Suhl, Germany on 1 May 2016.The Indians won a gold each in the team events of men's 25m standard pistol and women's 50m rifle prone competitions. India also earned an individual gold medal in the men's 25m standard pistol competition through Rituraj Singh. Gaayathri Nithyanadam bagged a bronze in the women's 50m rifle prone competition.The Indian team of Rituraj Singh, Shivam Shukla and Arjun Das walked away with the gold medal in the team event of the men's 25m standard pistol competition, shooting a total of 1661. France won the silver medal with 1659 points while Australia had to settle with the bronze with 1648 points.Indian women also walked away with the gold medal in the team event of the 50m rifle prone competition. The team of Gaayathri Nithyanadam, Sonika and Ayushi Podder shot a total of 1846.6 to emerge winners. They were followed by France (1841.7) and Poland (1836.3) respectively.

Indian women's recurve team settled for the silver medal in the final, while men's team and mixed pair each won bronze medals in the first stage of Archery World Cup at the Yuanshen Stadium here on Sunday.The mixed pairing of Deepika Kumari and Atanu Das gave the country a bronze medal, defeating Koreans Areum Jo and Seong Cheol Park 5-4 in a nail-biting shoot-off.After trailing 2-4, the Indian pair came back strongly to make it, 4-4 to take it to shoot-off. It also ended in a tie (9-9). But the Indian pair edged past the Korean eventually as they were closest to centre in their shoot-off.The third seeded Indian men's recurve team pair of Atanu Das, Jayanta Talukdar and Mangal Singh Champia also won a bronze medal, outclassing ninth seed British team 6-0 in style. The Indian trio beat English trio of Patrick Huston, Larry Godfrey and Kieran Slater. India took a good 2-0 lead at first and latter clinched the tie winning with consistent shootings in the second and third sets.Earlier, the women's team of Deepika Kumari, Bombayla Devi Laishram and Laxmirani Majhi lost to lower-ranked Chinese Taipei 2-6 in the recurve team final.The seventh seeded Chinese Taipei trio of Ya-Ting Tan, Chien-Ying Le and Shih-Chia Lin were dominant right through the tie as they defeated the Indians in a one-sided battle to win the gold medal.

Former KPMG Director Dilip Tuli on 1 May 2016 was appointed the new Senior Vice President - Strategy & New Business Initiatives of, India’s leading online real estate platform.Tuli will assist with strategy and oversee new business initiatives, such as transaction facilitation and fulfilment services. Who is Dilip Tuli? Dilip Tuli graduated from the Shri Ram College of Commerce, Delhi University.He is a chartered accountant and a CFA Charter from CFA Institute.He holds nearly 15 years of consulting experience of working across many different businesses.At KPMG, he was a Director with the Deal Advisory practice. During the last 2 years, he was a senior member of the sector team responsible for Logistics and Industrial Markets at KPMG.He started his career at PwC, in the audit and process improvement team and transitioned to the deal advisory practice before moving to KPMG. About is a Mumbai-based real estate search portal.It allows customers to search for housing based on geography, number of rooms, and various other filters.The company has 6000 brokers and serves 40 cities in India including Chennai, Mumbai, Bangalore, Kolkata and Delhi.A group of twelve students from the Indian Institute of Technology, Bombay founded in June 2012.

Hawaii’s loss may turn out to be Ladakh’s gain. After protests in Hawaii in the US against the proposed Thirty Metre Telescope (TMT) project, the largest to be built, alternative sites are being explored which includes Hanle in Ladakh.The project, aimed at exploring the universe, was to come up at Mauna Kea in Hawaii. But protests by the locals and indigenous population has stalled the project.“The construction was expected to start on Mauna Kea, Hawaii in 2015. However, it is now stalled due to the recent decision of the Supreme court of Hawaii revoking the construction permit on procedural grounds, reports PTI.“The State of Hawaii agencies are working on the permit process following the prescribed procedure by the court. TMT is pursuing the matter in consultation with the University of Hawaii (land lease holder) and other agencies. It seeks to construct TMT on Mauna Kea which is the preferred choice,” said Bacham Eswar Reddy, Programme Director.However, given the importance of the project, in terms of finance and its scientific value, the project partners are also looking at alternate sites, both in the northern and southern hemispheres.These include sites in Chile, Hanle, Ladakh and others which are all being evaluated for technical and logistical suitability.“It is expected that on-site civil work on the project may be delayed by about 18-24 months. However, work on telescope and observatory subsystems continues across the partnership,” Reddy added.

Nico Rosberg dominated the Russian Grand Prix to take his fourth win in a row this season as Lewis Hamilton fought back to finish second. Hamilton started 10th after an engine failure in qualifying but after repairs he drove a superlative race to limit the damage to his title hopes.  But Rosberg’s victory extended his championship lead to 43 points. Ferrari’s Sebastian Vettel crashed out on the first lap after being hit twice by Red Bull’s Daniil Kvyat.Hamilton closed dramatically on Rosberg in the mid-part of the race but had to back off to protect his engine. Last year’s Russian Grand Prix was held later in the season, with Hamilton taking his ninth win before going on to clinch the title at the next round in Austin. Kimi Raikkonen finished third. Bottas finished in fourth ahead of his Williams team-mate Massa in fifth. Renault’s Kevin Magnussen put in a very strong drive to take seventh from 17th on the grid, with Haas’s Romain Grosjean and Force India’s Sergio Pérez in eighth and ninth respectively.

The Small Industries Development Bank of India (SIDBI) has inked MoU with SAARC Development Fund (SDF) for mutual cooperation and collaboration. The MoU was signed by SIDBI Deputy Managing Director A K Kapur and SDF CEO Sunil Motiwal. MoU envisages SDF and SIDBI to work together in co-funding of projects in Indian MSMEs on risk sharing basis in identified sectors. Development of suitable financial products for SME financing for MSMEs of other Saarc states, the Finance Ministry said in a statement.Technology transfer and making available software to MFIs regarding loan tracking systems in other SAARC states. Capacity development of SDF, SIDBI and SME funding institutions in SAARC countries. SIDBI: It is an independent financial institution aimed to aid the growth and development of micro, small and medium-scale enterprises (MSMEs).

The Real Estate (Regulation and Development) Act, 2016 came into force on 1 May 2016. In this regard, Union Ministry of Housing and Urban Poverty Alleviation (HUPA) had notified 69 of the total 92 sections of the Act to bring it into force from 1 May 2016. Key provisions of Acts Sets up in motion the process of making necessary operational rules and creation of institutional infrastructure for protecting the interests of consumers. Promotes the growth of real estate sector in an environment of trust, confidence, credible transactions and efficient and time bound execution of projects.Real Estate Regulatory Authority will be formulated within one year as per the mandate of Act. Regulatory Authorities will have to dispose of complaints in 60 days and Appellate Tribunals will be required to adjudicate cases in 60 days.

India and Papua New Guinea on 29 April 2016 signed four agreements/MoUs to boost the bilateral relations.These MoUs were inked during the two-day visit (28 to 29 April 2016) of President Pranab Mukhrejee to Papua New Guinea. Mukherjee’s visit was the first ever presidential visit from India to this country.The signed agreements/MoUs are: MoU in the Field of Health Care and Medical Science: It was inked between the Union Ministry of Health and Family Welfare and the Ministry of Health and HIV/AIDS of Papua New Guinea. MoU for a USD 100 Million Credit Line: It was inked for development of infrastructure in the island-nation between the Government of Papua New Guinea and the Export Import Bank of India.MoU for cooperation in agricultural research: It was inked between the Indian Council of Agricultural Research, New Delhi and PNG University of Technology, Lae, Papua New Guinea. MoU for establishing of India-Papua New Guinea Centre for Excellence in IT. Papua New Guinea:Papua New Guinea is the largest of all the Pacific island-nations. It is a state that occupies the eastern half of the island of New Guinea and its offshore islands in Melanesia, a region of the southwestern Pacific Ocean north of Australia. It is one of the most culturally diverse countries in the world.852 languages are listed for the country, of which 12 have no known living speakers.Most of the population of over 7 million people lives in customary communities, which are as diverse as the languages. It is also one of the most rural, as only 18 percent of its people live in urban centres. The country is one of the world’s least explored nations, culturally and geographically. Many undiscovered species of plants and animals are thought to exist in the interior, as well as groups of uncontacted people.

India and New Zealand on 1 May 2016 signed an Air Services Agreement paving the way for introduction of direct flights between the two countries.The agreement was signed in the presence of the President Pranab Mukherjee and the New Zealand Prime Minister John Key. Mukherjee was on an official tour to Papua New Guinea (April 28-29, 2016) and New Zealand (April 30 to May 2, 2016). The agreement was signed under the Convention of International Civil Aviation opened for signature at Chicago on 7 December 1944. It was opened with an aim to promote international air services between their respective territories. The agreement will lead to easier connectivity that has inhibited both business travel and people-to-people contact in the past.Business, Education and Tourism have grown exponentially between India and New Zealand in the recent years. There are nearly 175000 persons of Indian origin in New Zealand of which about 15000 are Indian students. The two-way trade between the two countries has doubled in the last few years. The two-way tourist traffic has also witnessed sharp rise, partly due to the exotic and pristine locales of New Zealand shown in Indian movies.

Maharashtra Governor C Vidyasagar Rao on 29 April 2016 launched Adi Praman, a web-based application. The application is first of its kind for any state in India.Adi Praman enables Maharashtra’s tribal population to get the caste validity certificates online. Key highlights of Adi Praman: The app will make the entire process of securing caste validity certificate transparent, fast, and easy and would effectively curb the menace of bogus certificates.It will help them avail of government services on time, he said, also pointing out that Maharashtra was the first state to provide caste validity certificates online. It will also help the government achieve the goal of inclusion as envisioned under the Digital India programme.The availability of caste validity certificates online will especially help the youths who are seeking jobs. It will also help the candidates who are filing nomination papers for elections.The certificates will be bar-coded with the unique identification number and authorities can directly verify the status of validity certificate using the unique barcode number.The applicants will also be informed on the status of their application through Email and SMS alert.

An Indian-American journalist Neela Banerjee was awarded by US President Barack Obama and the First Lady Michelle and her colleagues were awarded with aprestigious award during the annual White House Correspondents carnival. About Journalist Banerjee: Living in Washing DC and got graduate from Yale UniversityServed as Energy and environmental reporter for the Los Angeles Times’ Washington Bureau and she reported the Global energy, Iraq warShe also served as a Moscow correspondent with The Wall Street Journal.The award was share by Terrence McCoy who is working in Washington Post He reported the issue of Lead poisoning among Poor black children in BaltimoreContributions by Neela Banerjee and her Collegues:Collected documents, Interviews and public records to reveal the climate changeMisha Euceph, a Pakistani radio journalist from RawalpindiSelected for WHCA annual scholarship. She was also felicitated by the US President and the First Lady.Recipient of USD 5,000 to help finance post-graduate degree

The Prime Minister, Shri Narendra Modi, today launched the Pradhan Mantri Ujjwala Yojana at Ballia. The scheme aims to provide cooking gas connections to five crore below-poverty-line beneficiaries over the next three years. Noting that May 1st is observed as Labour Day, the Prime Minister said that in this century, the aim of all workers across the world should be to unite the world. Reiterating that the Union Government’s primary focus has been the welfare of the poor, the Prime Minister mentioned various steps for labour welfare taken by the Union Government over the last two years.  He mentioned the Shram Suvidha Portal, and the Labour Identity Number given to Shramiks. The Prime Minister recalled that Ballia is the land of the revolutionary Mangal Pandey, and said that while the development of Eastern Uttar Pradesh has suffered for decades, connectivity is now being strengthened in the region. He said the Union Government is allocating tremendous resources for the development of Uttar Pradesh. He mentioned the rapid progress that has been made in rural electrification. He said the fruits of development must reach the eastern part of India, for us to gain strength in the fight against poverty. The Prime Minister emphasized that schemes must be designed keeping in mind the welfare of the poor, and not merely to derive electoral benefit. He said that the Pradhan Mantri Ujjwala Yojana will benefit the poor, especially the women. 

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