Current Affairs 12th May 2017 - Banking, SSC, UPSC Affairs

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ICICI Bank chief Chanda Kochhar become the first Indian woman to get the prestigious Woodrow Wilson Award for Global Corporate Citizenship. The former Indian recipients of this award are APJ Abdul Kalam and Infosys director Narayana Murthy. This award was instituted in the year 1998 by the prestigious Wilson Center to honour individuals in both the public sphere and business. Senator Mitch McConnell was the recipient of 2017 Woodrow Wilson Award for Public Service.

China has set up a 160-square-meter (1,720-square-foot)  laboratory called as “Yuegong-1”, or “Lunar Palace” for simulating a lunar-like environment. Four Postgraduate students from the Beijing’s astronautics research university will live in the laboratory for up to 200 days to prepare for China’s long-term goal of putting humans on the moon. The Lunar Palace is hailed as the world’s third bio-regenerative life-support base and the first to be developed in China.

The Surface-to-air PYthon and DERby(Spyder) missile system was test fired from the mobile launching complex-III of the Integrated Test Range (ITR) at Chandipur-on-sea at Odisha. The defence system comprises two missiles - Python and Derby - with an active onboard radar which makes the Spyder system more lethal. Both the missiles are smokeless which makes it harder to detect them visually and the launch position. It is an acquired missile system from Israel which is a short-range, quick reaction surface-to-air missile to neutralise enemy targets up to a distance of 15 km and at heights between 20-and-9,000 metres.

National Aeronautics and Space Administration( NASA) scientists detected a strong water signature in the atmosphere of a distant Neptune-sized planet called HAT-P-26b.  HAT-P-26b has a primitive atmosphere composed entirely of hydrogen and helium.  The  HAT-P-26b has located about 437 light years away. The planet’s metallicity was found to be about 4.8 times that of the Sun.

Prime Minister Narendra Modi is on a two-day visit to Sri Lanka. He will participate in the International Vesak Day celebrations, the biggest festival of Buddhists. He will inaugurate the Dickoya Hospital that has been built with Indian's assistance and also makes a visit to Sri Lanka's Sri Dalada Maligawa Temple.

Bengaluru named the world’s most affordable tech city in the new Savills Tech Cities Index 2017. Bengaluru ranks 20th among tech cities in the world while Austin topped the list, followed by San Francisco and New York. Bengaluru also named as the Information Technology (IT) capital of India. New York ranked as the best in business environment.

The Election Commission of India launched National Contact Centre. The National Contact Centre is operated on a National Grievance Redressal System Software. This software is a single window platform to manage complaints and feedback received through calls, emails, SMS and website access in an integrated and time-bound manner. Each state and UnionTerritory will also soon setup and operationalize dedicated State Contact Centre (SCC) and District Contact Centre (DCC) to ensure seamless flow of information across the contact centres for handling issues/ query from citizens.

International Nurses Day (IND) is celebrated every year all around the world on 12th of May.  The theme of 2017 International Nurses Day (IND)  is “Nursing: A voice to lead – Achieving the Sustainable Development Goals”. This day is celebrated to commemorate the birth anniversary of the Florence Nightingale and to mark the nurse's contributions towards people’s health.

Union Minister of Road Transport and Highways Nitin Gadkari launched the National Highways Authority of India (NHAI) Masala Bond at the London Stock Exchange. The rupee-denominated offshore bonds are popularly known as Masala Bonds. According to the London Stock Exchange, there are 38 Masala Bonds currently in the market, raising around 5 billion dollars. The initially benchmarked issue of Rs. 1,500 crore increased to Rs. 3,000 crore at a price yielding 7.30 percent annually from the investor market. 

Aruna Sundararajan is appointed as the secretary of Department of Telecommunications (DOT). At present, she is secretary of IT and electronics department. She replaces PK Pujari. Her previous important posts include IT secretary for Kerala state government and CEO of National Common Service Centre.

Home Minister Rajnath Singh launches important mobile applications namely Ministry of Home Affairs (MHA) Grievances Redressal Mobile Application and "BSFMyApp" (For Border Security Force) in New Delhi. All the Para Military Jawans will also be able to register their complaints and get the details about their pay, provident funds, and reputation among others.

Justice Mukul Mudgal, Retired judge of Delhi High Court elected as the Chairman of  "International Federation of Association Football" (FIFA) Governance committee at the world football governing body’s 67th Congress meet in Manama, Bahrain. Mudgal, who until now served as the Deputy Chairman of the committee after being appointed in May last year during the FIFA Congress in Mexico. He will take the office for four years effective immediately.  

Vinay Mohan Kwatra appointed as India’s next ambassador to France.  He is currently serving as joint secretary in the Prime Minister’s Office (PMO). Kwatra succeeds Mohan Kumar. Kwatra’s appointment comes after Presidential elections in France, in which Emmanuel Macron was elected the President.

Ahmedabad to host ever ‘the biggest 3rd Edition of International Yoga Day event’ on the 21st of June. The event will be held on Gujarat Mineral Development Corporation Limited Ground (GMDC) with over 5 lakh people attending the event. Chief Minister of Gujarat Vijay Rupani will inaugurate the event on the first day while BJP president Amit Shah will remain present at the concluding ceremony. An International day for yoga was declared by the United Nations General Assembly (UNGA) on 11 December 2014.

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    Topics covered in the 12th May 2017 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.

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