Current Affairs MAY 2016

Banking & Financial Awareness

1. Public sector bank that is introducing a performance management system for its 1.70 lakh employees to build individual accountability - State Bank of India.

2. The European Central Bank has announced that it will permanently stop producing the 500 euro banknote by the end of – 2018.

3. The Reserve Bank of India has released Draft Guidelines for on tap licensing of Universal Banks- Private Sector.

4. The Reserve Bank of India placed consultation paper on regarding - Peer to Peer Lending.

5. India’s rank in crony-capitalism index that has released by the Economist in the first week of May 2016- Ninth.

6. Report of the financial institution says that bribery and corruption cost the world economy as much as 2 trillion dollars every year -International Monetary Fund

7. The Union Government has released a commemorative coin of hundred rupees and a circulation coin of ten rupees on - Maharana Pratap.

8. Reserve Bank of India has cancelled the registration of how many non-banking financial companies- Four

9. The inset letter that will be provided on both number panels in the 1000 rupees denomination banknotes in the Mahatma Gandhi Series –2005 – R.

10. The Union Government decided to replace 5-year plans with 15-year vision documents. They will be prepared by – NITI Aayog.

11. The 'Income Declaration Scheme' or four month window for declaration of domestic black money will remain in force till - 30 September 2016.

12. Name of the robot lawyer who has been hired by the law firm Baker Hostetler to assist with bankruptcy cases is – ROSS.

13. The SBI is planning to merge this public sector bank with itself along with its 5 associate banks - Bharatiya Mahila Bank

14. Jeddah-based Islamic Development Bank is set to open its first branch in India at this place – Ahmedabad.

 New Appointments

1. Indian American Sikh woman from California has been elected as the newest national committee woman of the Republican National Committee - Harmeet Kaur Dhillon Gdgd.

2. Former Chief Executive of Future Group who has been appointed as Managing Director of Bharti Retail is - Kishore Biyani.

Note:- National Statistical Commission is an advisory body on all statistical matters, set up to enhance public trust in official statistics.

3. Senior lawyer whose name has been recommended for elevation to as Judge on Supreme Court by Supreme Court’s Collegium- L Nageshwar Rao.

4. Guinea Bissau President Jose Mario Vaz has issued a presidential decree naming a person as Prime Minister of the country - Baciro Dja.

Important News – India & world  

National

1. Minister of Railways Suresh Prabhakar Prabhu dedicated to the nation a high speed Wi-Fi hotspot at the three Railway Stations namely-Vijayawada, Kachiguda and Raipur.

2. The Central Bureau of Investigation has sent red corner notice to Interpol for publication on the name of - Vijay Mallya.

3. The only Indian to figure in the Forbes Money Masters: Most Powerful People in the Financial World list is – Uday Kotak,CEO Kotak Mahindra Bank.

4. 112, the single emergency number that will help people to reach immediate services of police, ambulance and fire department will be operational throughout India from - 1 January 2017

Note:-

 Single emergency number ‘112’ of India will be similar to the ‘911’ all-in-one emergency service in the United States.

 Customers will be able communicate via SMS and the system will be able to find the location of the caller that will be shared with the nearest help centre.

Important Dates

1. Labour Day is observed on – 1st May

Note: The theme of the International Labour Day - Celebrating the international labour movement.

2. The World Press Freedom has been observed on 3 May 2016 across the world with the theme - Access to Information and Fundamental Freedoms - This Is Your Right!

3. World Asthma Day has been observed globally on first Tuesday in May. It observed in 3rd May in 2016. What is the theme of this year Asthma Day- You Can Control Your Asthma.

4. World Migratory Bird Day observed across the world – 10th May

Note; This year theme - Stop the Illegal Killing, Taking and Trade of Migratory Birds.

States News

1. State whose Health Minister announced that the state government would enact State Sports Council Act – Haryana.

2. In Mizoram, the administration of a district on the Mizoram-Bangladesh border issued an order prohibiting import of chicken, bird, duck and eggs from Bangladesh and Tripura – Mamit.

3. Gujarat Chief Minister Anandiben Patel has inaugurated the Center of Perishable Cargo complex at - Ahmedabad Airport.

4. The state whose agriculture project has won the World Summit on the Information Society (WSIS) 2016 prize in e-Agriculture category - Andhra Pradesh.

Important Committees

1. Supreme court has appointed which committee to oversee the functions of the Medical Council of India?- RM Lodha committee

Note:

 The Supreme Court has appointed a three-member high-powered committee headed by former Chief Justice of India RM Lodha to oversee the functions of the Medical Council of India.

 Other two members of the panel are Vinod Rai, former Comptroller and Auditor General (CAG) and Dr SK Sareen, Director, Institute of Liver and Biliary Sciences.

Books & Authors

Ø Book titled Gujarat Files: Anatomy of a Cover Up authored by- Rana Ayyub.

Ø The author of the novel named The Drowned Detective is - Neil Jordan.

Ø The book titled Chaos and Caliphate: Jihadis and the West in the Struggle for the Middle East is authored by - Patrick Cockburn.

Sports News

1. Egyptian professional Squash player has become the youngest ever Women’s squash World champion- Nour El Sherbini.

Note:-

 She won the 2015 Naza PSA Women’s World Championship held at Bukit Jalil in Kuala Lumpur, Malaysia by defeating Laura Massaro of England.

2. The German Formula 1 Mercedes Driver has won the 2016 Russian Grand Prix - Nico Rosberg.

Science & Defense

1. The ship will participate in the ADMM Plus Exercise on Maritime Security and Counter Terrorism- INA Airavat.

2. The telescope used by Astronomers at ESO’s La Silla Observatory to discover three planets with sizes and temperatures similar to those of Venus and Earth -TRAPPIST telescope.

3. The strain of bacteria that was found to inject into mosquitoes to curb their ability to transmit Zika virus, by the Brazilian researchers is known as_. Wolbachia.

4. The instrument that helped NASA in detecting presence of Atomic Oxygen in the upper layers of the Martian atmosphere - Stratospheric Observatory for Infrared Astronomy (SOFIA).

5. The indigenously developed Advanced Air Defence interceptor missile that has been test fired from the complex of Abdul Kalam Island off the Odisha coast – Ashwin.

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