Current Affairs 30th May 2016 - Banking, SSC, UPSC Affairs

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Lewis Hamilton has  won the 2016 Monaco F1 Grand Prix on 29 May 2016. He emerged victorious in a close battle with Red Bull's Daniel Ricciardo. The Formula One motor race was held at the Circuit de Monaco, a street circuit that runs through the Principality of Monaco. It was the sixth round of the 2016 season. Lewis Hamilton : Lewis Hamilton is a British Formula One racing driver from England. He currently races for the Mercedes AMG Petronas team. He is the 2008, 2014 and 2015 Formula One World Champion. In his first season in Formula One, he set numerous records while finishing second in the 2007 Formula One Championship. He won the World Championship the following season, becoming the then-youngest Formula One world champion in history before Sebastian Vettel broke the record two years later. Following his second world title in 2014, he was named BBC Sports Personality of the Year. In 2015, he became the first British driver in history to win consecutive F1 titles. He is the only driver in the history of the sport to have won at least one race in each season he has competed to date. Monaco Grand Prix :  The Monaco Grand Prix is a Formula One motor race held each year on the Circuit de Monaco.It is run since 1929. It is widely considered to be one of the most important and prestigious automobile races in the world.The race is held on a narrow course laid out in the streets of Monaco, with many elevation changes and tight corners as well as a tunnel, making it one of the most demanding tracks in Formula One.It is the only Grand Prix that does not adhere to the FIA's mandated 305-kilometre minimum race distance. Nico Rosberg was the winner of the 2015 Monaco F1 Grand Prix.  

Union Road Transport and Highways Minister Nitin Gadkari on 28 May 2016 that the government will invest lakh crore in the northeast region to develop road infrastructure in five years. Prime Minister Narendra Modi had instructed him to put special emphasis on infrastructural development in the northeast as the region remained deprived off the progress for years.Development works estimated at Rs.40,000 crore have already started in the region. On development of waterways, Gadkari said that water transport is the cheapest way of travelling and with India having a 7500-km-long coastline which connects 78 districts of 13 states, the scope of water transport is immense. The multi-modal hubs are being developed in Varanasi in Uttar Pradesh, Haldia in West Bengal and Sahibganj in Jharkhand where Ganga flows. As many as 40 water ports are being made and work on developing waterways on Brahmaputra River will start soon.Development of waterways will be the biggest achievement of our government.

The National Green Tribunal (NGT) has imposed a fine of `50 lakh on East Coast Railway  for operating a illegal railway siding without consent of the Odisha State Pollution Control Board (OSPCB) at Jakhapura railway station near Kalinganagar in Odisha’s Jajpur district. The Kolkata bench of NGT that was hearing the case asked the railway board to deposit the fine amount at the Jajpur Collectorate within 2 months as environmental compensation for five years for operation of the railway siding. The NGT has asked the Jajpur Collector to make use of 25 lakh for infra development of Primary Health Centre at Jakhapura and remaining amount will be for improving environment in and around railway siding the court directed.

Quantum communication satellite was in news in the last week of May 2016 as China planned to launch its first experimental satellite in July 2016 according to the Chinese Academy of Sciences (CAS). With this, China will become the first country in the world to send encoded information from space that cannot be intercepted. The project will bring revolutionary changes in communications. It includes launch of a satellite and building of four ground stations for quantum communication and one space quantum teleportation experiment station. The Satellite Project : China plans to use its quantum satellite system to cover the planet by 2030. It is also building its own quantum information sharing network for use in national defense and security on the ground network. It will also help to establish quantum optical links simultaneously with two ground bases which are thousands of kilometres away.It took five years for Chinese scientists to develop and manufacture the first quantum satellite. It will be launched from Jiuquan Satellite Launch Center in southwest China for final preparation and launch in July. The launch of the quantum satellite is a part of Strategic Priority Program on Space Science which was initiated by China in 2011. The China had already launched their first Dark Matter Satellite, Wukong in 2015 and a Micro Gravity satellite SJ-10 in April 2016. Additionally, a hard X-ray telescope will be sent to space to study neutron stars and black holes in the latter half of 2016. Quantum Communication : Quantum communication boasts ultra-high security as a quantum photon cannot be separated or duplicated.If anyone tries to decode the information then the encryption would change so that the receiver can know that his information was opened by someone.U.S. physicist David Wineland and Serge Haroche of France were awarded the 2012 Nobel Prize in Physics for finding ways to measure quantum particles without destroying them.

The India Meteorological Department (IMD) will start giving state-specific monsoon forecast from the next year.IMD will start making state-wise monsoon forecast from 2017 apart from zone-wise prediction,” Union Minister for Earth Sciences, Harsh Vardhan. The National Monsoon Mission has already been approved. It's a Rs 400 crore project. Dynamic model is being introduced now. Big computers have already been installed, the programmes have been put in place.From next year we will start a spatial model. We will start giving monthly models. These are in advanced stages. there is a detailed plan to take it to the block level in next 2-3 years. The IMD currently gives zone-specific daily monsoon forecast during the season for northwest, central India, southern peninsula and east and northeast regions. It is further divided into sub-zones. The Ministry of Earth Sciences has launched 'National Monsoon Mission' (NMM) with a vision to develop a state-of-the-art dynamical prediction system for monsoon rainfall on different time scales. MoES has bestowed the responsibility of execution and coordination of this mission to the Indian Institute of Tropical Meteorology (IITM), Pune. For this national mission, IITM is collaborating with NCEP (USA), MoES organisations and various academic organizations and institutions under NMM. Climate Forecast System (CFS) of NCEP, USA has been identified as the basic modelling system for the purpose as it is one of the best among the currently available models. India Meteorological Department  : The India Meteorological Department (IMD), also referred to as the Met Department, is an agency of the Ministry of Earth Sciences of the Government of India. It is the principal agency responsible for meteorological observations,weather forecasting and seismology. IMD is headquartered in New Delhi and operates hundreds of observation stations across India and Antarctica.IMD is also one of the six Regional Specialised Meteorological Centres of the World Meteorological Organization. It has the responsibility for forecasting, naming and distribution of warnings for tropical cyclones in the Northern Indian Ocean region, including the Malacca Straits, the Bay of Bengal, the Arabian Sea and the Persian Gulf.

Senior Congress leader and former Union Minister V Narayanasamy was unanimously elected Legislature Party leader and is all is set to become the tenth Chief Minister of Puducherry on 28 May 2016.  Party Senior leader and former Delhi Chief Minister Sheila Dixit and AICC General Secretary Mukul Wasnik, who were deputed by the Congress high command to hold consultations in this regard, told reporters at the end of the meeting that Narayanasamy's choice was unanimous. All party elected legislators agreed that Narayanasamy should be made the Chief Minister and elected him the CLP leader. Narayanasamy had served as the Minister of State in the Prime Minister's Office in the second UPA government, after being MoS, Parliamentary Affairs, in the first UPA government.  There was a close race between him and Namassivayam who won in the assembly polls retaining Villianoor constituency.In the assembly polls, Congress won 15 seats while its ally DMK bagged 2 in the 30-member-assembly.  Narayanasamy  : V. Narayanasamy is  a politician from Indian National Congress party. He is designated Chief Minister of Puducherry. He is a former Member of the Parliament of India who represented Puducherry constituency. In the 2014 general elections, he was defeated by the NDA candidate R.Radhakrishnan who was backed by the ruling All India N.R. Congress. He is a member of the Congress Working Committee as well as All India Congress Committee's General Secretary.

Fourteen out of 16 perennially loss making hotels owned by state-run ITDC will be sold off and the process to privatise them has already started, Tourism and Culture Minister Mahesh Sharma .The Finance Ministry is taking forward the disinvestment plan to totally offload government's stakes in all the ITDC-run hotels except the Ashoka and Samrat  hotels in the national capital.  The government decided to privatise the hotels to improve the financial health of India Tourism Development Corporation BSE 12.10 % (ITDC), a public sector undertaking that currently runs 16 hotels in Delhi, Patna, Jammu, Ranchi, Bhubaneswar, Puri, Bhopal, Bharatpur, Jaipur, Guwahati, Mysore, Puducherry and Itanagar.  The process to privatise the 14 hotels has already been started. There are certain issues with the states and we are trying to address them .During NDA's first stint in power between 1999 and 2004, the then Vajpayee government had divested its stakes in 18 ITDC hotels, bringing down the number of state-run hotels from 34 to 16. Asked about the amount of money the government was eyeing to raise from the sale of the hotels, he refused to give any figure.  He was asked whether Tourism Ministry has put on hold appointment of Amitabh Bachchan as face of the Incredible India campaign after his name appeared in the Panama  Papers controversy. The director general of ASI and the Culture Secretary have visited the temple along with a team from IIT Madras. They said there is no risk to the temple. Our Prime Minister has also directed us to do it at the earliest .

The Official Website of the Prime Minister Shri Narendra Modi’s Office, is now multi-lingual. The website can now be accessed in six regional languages namely Bengali, Gujarati, Malayalam, Marathi, Tamil and Telugu in addition to English and Hindi. The website was inaugurated by the Minister for External Affairs Smt. Sushma Swaraj on 30 May 2016. This initiative would further enhance the interaction between people from all parts of the country and the Prime Minister on various issues concerning their welfare and development. The Minister further said that other regional language versions of the website will be available in a phased manner. The six regional language websites can be accessed at the following links : Bengali : Gujarati : Marathi : Malayalam : Tamil : Telugu :

Bollywood Actor R Madhavan feels proud to be the goodwill ambassador for the the LEPRA India organisation that fights against diseases like leprosy and tuberculosis. LEPRA India is a non-government organisation working in the fields of leprosy, tuberculosis, malaria, HIV or AIDS and community health. On the work front, Madhavan was last seen on the silver screen in 2016 "Saala Khadoos" directed by Sudha Kongara.

Veteran TV and film actor Suresh Chatwal passed away on 29 May 2016 following a brief illness in Mumbai.  The actor was known for his role of Commissioner Suraj Agnihotri in F.I.R . Suresh Chatwal : Suresh Chatwal made his debut on the big screen in the year 1969 with Rakhi Rakhi.His work was appreciated much in the role of Dhukhiya of Doordarshan’s Nukkad, the Sayeed Mirza-Kundan Shah-directed show, which ran for two seasons, starting in 1986. He also was seen in Bollywood films like Karan Arjun, Munnabhai, Koyla and many more.In his acting career, Suresh has worked with Salman, Shah Rukh Khan and Sanjay Dutt among others.He was last seen on the big screen in Nakshatra in 2010.On the small screen, Suresh was last working on the popular comedy show F.I.R. which airs on SAB TV.

Chief Minister of Gujrat, Anandiben Patel today launched two state-wide campaigns against malnutrition at Ahwa town in Dangs district.As part of &;Bal Amritam' and ;Mission Shakti' campaigns, iron-rich supplementary food would be provided to children and women, whether they live in towns or remote forested areas. She also called for creating awareness among tribal women about free screening and treatment of breast and cervical cancers at government hospitals, an official released. The chief minister also urged the people to take a pledge to work towards bringing down the infant and maternity mortality rates in this tribal-dominated district to the state's average. During her visit Patel dedicated several projects to the people. They include a nursing school for 40 students and a hostel built at a cost of Rs 12.70 crore, a science college built for Rs 11 core and modernisation of a civil hospital a at cost of Rs 31.46 crore.  

Aluminium major Nalco has decided to drop its plan to foray into nuclear energy generation. The company had signed a memorandum of understanding (MoU) with Nuclear Power Corporation of India Ltd (NPCIL) in 2012 to set up two units of Kakrapara Atomic Power Station in Gujarat with capacities of 700 Mw each. The cost of the project was estimated at Rs 12,000 crore. According to the joint venture agreement, Nalco would have a 26 per cent stake in the new entity  NPCIL-Nalco Power Company. Initially, it was decided to build the plant with indigenous technology. But later, it was decided to use foreign technology. The foreign technology will not only be more expensive, the gestation period of the project will also be more and we are in a mood to wait that long with so much of investment exposure. NPCIL and Bharatiya Nabhikiya Vidyut Nigam are the two government of India-owned companies authorised to set up nuclear power plants in the country. They are responsible for design, construction, commissioning and operation of thermal nuclear power plants. Although NPCIL was keen to involve other public sector firms such as Nalco, Indian Oil Corporation, and NTPC with whom it has signed MoUs, to expand its nuclear power footprint in the country, the existing Act did not allow this.The Atomic Energy Act, framed in 1962, also prohibited private control of nuclear power generation, though it allows them minority investment. Notwithstanding its unsuccessful bid to foray into nuclear energy, Nalco has identified renewable energy as its next focus area. It set up wind mills in Andhra Pradesh (50.4 Mw) and Jaisalmer, Rajasthan (47.6 Mw). We plan to set up more wind power mills in Rajasthan and Maharashtra (50 Mw each) and a 20 Mw solar power plant in Madhya Pradesh. We are also in the processing of installing a 14-Mw wind power mill at Damanjodi.

Hyderabad based a group of seasonal investors, Hyderabad Angels has committed to invest rs. 15 crore in 12 start ups in the current financial year. With this the investors has added 12 more start ups to its current portfolio of 20 companies and 50 investors to its existing base of 100 angels.  The current pool of investors in Hyderabad include a mix of entrepreneurs, professionals and the next generation from the world of jewelry and real-estate. The company is one of the most active and fastest growing angel networks in India.  Hyderabad Angels (HA) : Hyderabad Angels (HA) is a group of seasoned angel investors who are keen to invest in promising start-ups and early stage companies to create tangible as well as intangible value. Established in early 2012, HA investors are leading venture capitalists, entrepreneurs and business leaders, who, with their financial and business acumen, are committed to providing support to the rapidly growing Indian start-up ecosystem. Besides providing the much needed capital, we provide businesses with distinctive mentoring, access to our network and handholding the company through its entire lifecycle from fund raising with great focus on strategy and execution. Although based out of Hyderabad, we source investment opportunities from all over India and work closely with other Angel Networks, early stage VCs, Accelerators and Incubators.  

Nine-coach Spanish train Talgo’s trial run was conducted on 29 May 2016 on the Bareilly-Moradabad route of Uttar Pradesh. It was conducted as part of the Railways’ strategy to increase the speed of trains. The trail run was conducted by a joint team of the Railway Design Standards Organisation (RDSO) and Spanish train manufacturer Talgo.The nine-coach Talgo train hauled by a 4500 HP diesel engine was tested on the 90-km line as part of the first trial run. The 90-km distance was covered in 1 hour 10 minutes. Three phases of trial run The trial run will be conducted in three phases on three routes. These are: • First phase : Bareilly-Moradabadone route • Second phase : Mathura-Palwal route • Third phase : Mumbai-Delhi route Spanish train Talgo : It is a lighter and faster vehicle with speed up to 115 km per hour.Besides reducing travel time, Talgo's lighter trains consume 30 percent less energy.They are designed in a way that it can run on curves without decelerating the speed.The nine-coach Talgo train consists of two Executive Class cars, four Chair Cars, a cafeteria, a power car and a tail-end coach for staff and equipment.It envisages reducing time of journey between Delhi and Mumbai from 17 hours at present to 12 hours.As of now, the Delhi-Mumbai Rajdhani Express runs at an average speed of 85 km per hour.  

Second submarine assembly workshop of the Mazagon Dock Limited (MDL) was inaugurated by Defence Minister Manohar Parrikar on 28 May 2016. After inaugurating the workshop, Parrikar said that the level of indigenisation in submarine construction should be much higher than the present. At present, MDL is building six Scorpene class of submarines for the Indian Navy, with around 35% of indigenisation.INS Kalvari, the first submarine of this class, is expected to join the Indian Navy by end of 2016. Submarine Marine Assembly Workshop : It is a pre-engineered building structure to handle construction of multiple submarines simultaneously. It was built at an expense of 153 crore rupees. It will make it possible to assemble five submarines in the workshop at the same time.This facility will enable MDL to go in for a second line of submarines concurrently. It can be used to construct additional Scorpenes or the new line of submarines under Project-75I. But the Request for Proposal (RFP) for P-75I is held up for want of clarity on Strategic Partnerships under the new Defence Procurement Procedure. At present, the current construction of Scorpene class submarines is taking place at its East Yard in collaboration with DCNS of France.

The Union Government has approved an investment of over 5500 crore rupees for basic urban infrastructure in six states under Atal Mission. The States are Madhya Pradesh,Gujarat, Rajasthan,Odisha, Jharkhand and Meghalaya. The decision was taken by the Apex committee of Urban Development Ministry under Atal Mission for Rejuvenation and Urban Transformation,AMRUT in New Delhi. The total investment approved so far under Atal Mission has gone up to overRs 26,000 crore involving a central assistance of over 12 thousand crore rupees. The investment will be made for providing household water taps, improving water supply, sewerage networks, urban transport and provision of open and green spaces in one hundred eleven Atal Mission cities of these states. The Apex Committee also approved the release of central assistance of 520 crore rupees for the Jawaharlal Nehru National Urban Renewal Mission(JNNURM) scheme. The Head Committee, chaired by Urban Development Secretary Rajiv Gauba, approved a total investment of Rs 5,534 crore for 111 Atal Mission cities. S.No State   Approved Amount   Central Assistance   No of Cities   1 Madhya Pradesh   Rs 2,074 crore   Rs 862.80 crore 34 cities 2 Gujarat   Rs 1,401 crore Rs 599.18 crore 31 cities 3 Rajasthan   Rs 1,120 crore Rs 536 crore 29 cities 4 Odisha   Rs 531 crore 265 crore 9 cities 5 Jharkhand   Rs.381 crore Rs 164 crore 7 cities 6 Meghalaya (Shillong)   Rs 26.67 crore Rs 24 crore 1 cities

The National Aeronautics and Space Administration (NASA) has successfully deployed the first experimental inflatable room attached to the International Space Station (ISS). The experimental inflatable room dubbed as BEAM (Bigelow Expandable Activity Module) was deployed after it was successfully expanded and pressurized. The inflatable room BEAM has been built by Nevada Company Bigelow Aerospace. It will be attached to the ISS for a two-year test and is the first such habitat to hold humans in orbit. It is made up of aluminium and soft fabric which expands in space. It is light weight and also takes minimal space.  It creates place for astronauts to live and work. It is 4 metres long and 3.2 metres in diameter with 16 cubic metres of interior volume when fully expanded. Its 2 year orbital test is intended to pave the way towards the use of such habitable rooms for long space trips, including to Mars and Moon.  

Discus thrower Seema Punia has qualified for the 2016 Rio Olympics scheduled to be held in Rio de Janeiro, Brazil in August 2016. She is the 19th Indian track and field athlete to qualify for Rio Olympics.  Seema was able to qualify after throwing discus at 62.62 meters at the Pat Young’s Throwers Classic 2016 event held at Salinas (California) in the United States.  She crossed the Rio Games qualification standard of 61meters with her season’s best effort of 62.62 meters and winning gold medal in the event.  This will be Seema’s third Olympic Games appearance having taken part in 2004 and 2012 where she failed to get past the qualification round on both the occasions.

Singapore Embattled commodity trader Noble Group announced the surprise resignation of CEO Yusuf Alireza on 30 May 2016 and planned to sell a U.S. unit to bolster its balance sheet as it seeks to regain investor confidence. Alireza, a former Goldman Sachs banker had steered Asia's biggest commodity trader to sell assets, cut business lines and take big write downs as it battled weak commodity markets and the fallout from an accounting dispute. It appointed senior executives William Randall and Jeff Frase as co-chief executive officers and said it would begin a sale process for Noble Americas Energy Solutions.Noble came under the spotlight in February last year when it was accused by Iceberg Research of overstating its assets by billions of dollars, claims which Noble rejected. Its shares have since plunged by about 75 percent and its debt costs have risen as the company has been hit hard by credit rating downgrades and weak investor confidence. The first task is to stabilize the situation and convey stability and continuity," said Nirgunan Tiruchelvam, an analyst at Religare Capital Markets. "That would be the immediate task of somebody in this business which has volatility.Noble won the backing of banks earlier this month to refinance its debt. In February, Noble reported its first annual loss since 1998, battered by a $1.2 billion writedown for weak coal prices. The company's shares slumped 65 percent last year, knocking it out of the benchmark Straits Times index.

The President of India Pranab Mukherjee has presented the Malti Gyan Peeth Puraskar for the year 2016 at a function held at Rashtrapati Bhavan  on 29 May 2016. The award was conferred upon 15 teachers from Punjab for their rare contribution in the field of education.The awardees were facilitated with 1 lakh rupees cash, certificate of excellence, a Robe of Honour and a medal. The initiative was mainly taken to promote the quality teaching in the schools besides encouraging the hundred percent attendance of girl students in the government schools. Malti Gyan Peeth Puraskar : The Malti Gyan Peeth Puraskar was instituted by Mohinder Singh Syngle Education & Research Society. It was instituted in honour of its founder Malti Mohinder Singh Syngle, eminent educationist and social worker.Every year, government school teachers from Punjab Government’s High & Higher Secondary Schools receive this award for their contributions in the field of education.The teachers already awarded with the National or State Awards were not considered for this award.

The International Day of United Nations Peacekeepers 2016 was observed on 29 May 2016 with the theme Honouring Our Heroes.The day offers a chance to pay tribute to the Blue Helmets’ invaluable contribution to the work of the Organization and to honour more than 3400 peacekeepers who have lost their lives serving under the UN flag since 1948, including 128 in 2015. On the other hand, the UN Postal Administration (UNPA) also issued a set of six new stamps for the occasion. Honour the memory of the UN peacekeepers who have lost their lives in the cause of peace.Pay tribute to all the men and women who have served and continue to serve in UN peacekeeping operations for their high level of professionalism, dedication and courage. International Day of United Nations Peacekeepers : The International Day of United Nations Peacekeepers was so designated by United Nations General Assembly Resolution 57/129, on 11 December 2002. It was designated after an official request of the Ukrainian Peacekeepers Association and the Government of Ukraine to the UN General Assembly.The day was first celebrated in 2003.The date, May 29, marks the anniversary of the creation of the United Nations Truce Supervision Organization (UNTSO) in 1948 to monitor the ceasefire after the 1948 Arab-Israeli War, which was the first ever UN peacekeeping mission.Theme for the year 2015 was Together for Peace.

Tech Mahindra, India’s sixth-largest IT (information technology) services and solutions company, on Friday announced it had entered into an agreement to acquire Target Group as it strengthens its presence in the BFSI (banking, financial services, and insurance) space. The transaction is expected to close in  the second quarter of FY17, subject to regulatory approvals. The total value of the acquisition is £112 million (or $164 million or Rs 1,100 crore) and an adjustment for surplus cash up to £8 million. Target Group is a provider of business process outsourcing and software solutions. Its fintech platform manages assets in excess of £24 billion. Tech Mahindra will pay £64 million upfront and a deferred consideration of up to £16.28 million in 2017. In addition, the company is also rolling over 7.6 per cent equity value into the Target Group, at present worth £6.8 million, which will be paid out in 2020 as a second deferred consideration depending on the performance of the company during 2017-2019. The acquisition catapults Tech Mahindra to one of the top three processors in UK financial services for certain complex lending and investment product categories. It also strengthens Tech Mahindra’s European presence and adds several new clients. Headquartered in the UK, the Target Group has 740 employees and a client franchise including Goldman Sachs, Morgan Stanley, Credit Suisse, specialist lender Shawbrook, and Yorkshire Building Society. The Target Group has been focused on building expertise in the lending, investments and insurance sectors, becoming a market leading player in each of our verticals.  We have delivered significant growth over the last four years, with the support of our current shareholder, Pollen Street Capital.  We now look forward to the next stage in our growth. By joining with the $4 billion Tech Mahindra, it will allow us to serve our clients better, greatly expanding the solutions and services we provide.

Vice-Admiral A R Karve took charge as the Flag Officer Commanding-in-Chief of the Southern Naval Command (SNC).  Prior to this appointment, he was serving as the Chief of Personnel at IHQ MoD (Navy), at Delhi. He will succeed Vice Admiral Girish Luthra who has been appointed as the Flag Officer Commanding-in-Chief, Western Naval Command. Vice-Admiral A R Karve  : Vice-Admiral A R Karve is an alumnus of the National Defence Academy (NDA), Pune and was commissioned into the Indian Navy in July 1980. He is an anti-submarine warfare specialist with rich experience of 35 years. In his distinguished service he has held several important operational and staff appointments both at sea as well as ashore. Important assignments : He also had held command of the aircraft carrier INS Viraat and the guided missile destroyer INS Ranvijay. He also had served as the Flag Officer Commanding Western Fleet and the Assistant Chief of the Naval Staff (Information Warfare & Operations). He also had held key positions like Fleet Anti-Submarine Warfare Officer (Western Fleet), Command Anti-Submarine Warfare Officer (Western Naval Command) and Chief Staff Officer (Operations), Western Naval Command. Awards and Honours : He has been awarded the Ati Vishisht Seva Medal (AVSM) in 2013 for his distinguished service.

Sunrisers Hyderabad (SRH) has  won the ninth edition of the Indian Premier League (IPL) on 29 May 2016. In the final clash played at the Chinnaswamy stadium in Bangalore, Sunrisers Hyderabad defeated Royal Challengers Bangalore (RCB) by eight runs. This was maiden Indian Premier League title for Sunrisers Hyderabad, while third final lost for Bangalore in the IPL. Earlier, it lost in finals of 2009 and 2011 editions. Chasing the target of 209 runs, Bangalore got off to a flying start as Chris Gayle (76) and Skipper Virat Kohli (54) laid a perfect platform and forged 114-run partnership. But after the fall of the openers, no other batsman could contribute much as a result they only managed to score 200 runs for seven in 20 overs. Earlier, propelled by skipper David Warner, Hyderabad scored 208 for 7 in their allotted 20 overs. Warner, who hit 69, finished second in run-getters' list with 848 runs. Ben Cutting of Hyderabad was declared the Man of the Match for his all round performance. He had scored 39 runs and claimed two wickets. List of Awards and winner : Most Valuable Player : Virat Kohli (RCB). Orange Cap (most runs scored in the season) : Virat Kohli (RCB, 973 runs). Purple Cap (most wickets in the season) : Bhuvneshwar Kumar (SRH, 23 wickets). Emerging Player of the Tournament : Mustafizur Rahman (SRH, 17 wickets). Best fielder of the tournament : AB De Villiers. Best catch of the tournament : Suresh Raina (for his one-handed stunner in the slips in the KKR vs GL match). Most sixes in IPL 2016 : Virat Kohli (RCB, 38). Fastest 50 : Chris Morris (DD, 17 balls). Fairplay award : Sunrisers Hyderabad. IPL 2016 champions : Sunrisers Hyderabad. Indian Premier League (IPL)  : The Indian Premier League (IPL) is a professional Twenty20 cricket league in India contested every year by franchise teams representing Indian cities. The league, founded by the Board of Control for Cricket in India (BCCI) member Lalit Modi in 2007, is scheduled over April and May of every year.[3] The title sponsor of the IPL in 2016 is Vivo Electronics, thus the league is officially known as the Vivo Indian Premier League. Of the 13 teams to have competed since the league's first season, six have won the title at least once. Mumbai Indians, Chennai Super Kings and Kolkata Knight Riders have won twice, while Rajasthan Royals, Deccan Chargers and Sunrisers Hyderabad have won once. Sunrisers Hyderabad are the current champions having won the 2016 season.Until 2014, the top three teams in the tournament qualified for the Champions League Twenty20. However, the Champions League Twenty20 tournament was discontinued in 2015 and has been defunct since

Real Madrid FC won the 2016 UEFA Champions League for the record 11th time by defeating Atletico Madrid FC by 5-3 goals in penalty shootout. In the final played, both teams scored 1–1 goals in regulation period leading to draw.  For the Real Madrid goal was scored by captain Sergio Ramos (15 minutes) and for Atletico Madrid was scored by Yannick Carrasco (79th minutes). In tie-breaker penalty shootout Real Madrid FC scored 5 goals against Atletico Madrid which scored only 3 goals. Earlier Real Madrid FC had won UEFA Champions League in 1956, 1957, 1958, 1959, 1960, 1966, 1998, 2000, 2002 and 2014. UEFA Champions League :  UEFA Champions League (simply known as the Champions League) is an annual continental club football competition organised by the UEFA. It is contested by top-division European club and is considered as one of the most prestigious tournaments in the world. It is also most prestigious club competition in European football, played by the national league champion and for some nations of each UEFA national association.

India and Australia have signed a Memorandum of Understanding (MoU) to enhance research and development (R&D) capabilities in biotechnology by launching a joint funding call. The MoU was signed between India’s BIRAC (Biotechnology Industry Research Assistance Council) and Horticulture Innovation Australia. The MoU seeks to stimulate and enhance the strategic research and innovation capabilities of the Indian biotech industry. The focus of the funding call is to undertake horticultural research in order to develop and deploy modern tools of plant biotechnology to improve crop productivity. The funding commitment from BIRAC and Horticulture Innovation is up to 6 million Australian dollars over a period of three years. BIRAC :  It a PSU under the Union Ministry of Science and Technology. It seeks to stimulate and enhance the strategic research and innovation capabilities of the Indian biotech industry, particularly start-ups and SMEs, for the creation of affordable products addressing the needs of the largest section of society. Horticulture Innovation Australia (Hort Innovation) : It is a not-for-profit, grower-owned R&D and marketing company for Australia’s horticulture industry. It works collaboratively with industry, Australian government and the nation’s leading research institutions to deliver ground-breaking advancements in areas such as agri-technology, pest management, trade and industry promotion.

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  • 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.

30th May 2016 Current Affairs Quiz

Try to answer the 30th May 2016 Current affairs quiz questions, after going through 30th May 2016 current affairs news. 30th 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 30th 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 30th 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 30th 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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