Dear Friends,
Welcome to the Quick Gyan (QG) Section of D2G. QG is just a glimpse of what happened today all over the world.
Only For Serious Candidates : We strongly recommend you to read the Current Affairs in detail. For your convenience, we have provided quick links under the updates. Make use of it.
Always Keep Yourself Updated!!!
APPOINTMENTS
Indian journalist Philip Abraham elected Deputy Mayor in UK
An Indian journalist has been unanimously elected the Deputy Mayor of Loughton town in the UK. Councillor Carol Davis, the newly-elected mayor presented the Deputy Mayor’s Badge to Mr. Philip Abraham. The Deputy Mayor normally goes on to become the Mayor for the following year. Mr. Abraham, a journalist from Kerala, had in 2012 won the election to the Loughton Town Council. Loughton is a vibrant town in the Epping forest district of Essex.
Quick Link – Philip Abraham as Deputy Mayor
BANKING AND FINANCE
GOI Constitute NK Singh Committee to review FRBM Act
A new committee, led by former Member of Parliament and revenue and expenditure secretary NK Singh, will now review the Fiscal Responsibility and Budget Management (FRBM) Act, and suggest a future road map. The other members of the panel are Reserve Bank of India Deputy Governor Urjit Patel, Chief Economic Advisor Arvind Subramanian, former finance secretary Sumit Bose, and Rathin Roy, the director of National Institute of Public Finance and Policy and a Business Standard columnist.
Quick Link – FRBM
SBI seeks to take over 5 associate PSBs, Bhartiya Mahila Bank
Top state-run lender SBI has proposed merger of its five associate banks and newly created Bharatiya Mahila Bank (BMB) with itself and sought government’s approval for the same — a major bid to consolidate the public sector banking space.
SBI is seeking “in principle sanction” of the Central Government to enter into negotiation with the subsidiary banks (State Bank of Bikaner and Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala and State Bank of Travancore) and Bharatiya Mahila Bank Limited to acquire their businesses, including assets and liabilities.
Quick Link – SBI-BMB
INDIAN AFFAIRS
Ola signs MoU with GOI to benefit Safai Karamcharis
Mobile app for transportation Ola has signed an MoU with National Safai Karamcharis Finance and Development Corporation (NSKFDC) established under the aegis of the Ministry of Social Justice and Empowerment to focus on building a sustainable framework by supporting entrepreneurship, skill development training and self-defence courses for Safai Karamcharis and Scavengers.
The Ola-NSKFDC partnership has the potential to generate synergies that will result in a better future for driver entrepreneurs by creating sustainable careers and livelihoods for them. The MoU was signed in the presence of Thaawarchand Gehlot, Union Minister for Social Justice and Empowerment.
Quick Link – NSKFDC
BJP wins landmark Assam victory
Prime Minister Narendra Modi’s ruling Bharatiya Janata Party (BJP) won power for the first time in the northeastern state of Assam, a victory that will help his right-wing nationalist government recover some reform momentum after poll losses last year. Grabbing power in Assam, one of five states electing new legislatures, is a sign that the BJP is expanding its political influence beyond its traditional heartland.
It also meant a bruising day for the Congress party, which has blocked economic reforms in parliament but now looks an increasingly marginalised force after defeats in Assam and Kerala. The BJP and its allies won in at least 80 of the 126 seats in Assam while regional parties triumphed elsewhere. The election commission is expected to announce final seat tallies later on Thursday.
Quick Link – BJP wins
INTERNATIONAL AFFAIRS
International Buddhist conference begins in Nepal
A two-day international Buddhist conference to mark the 2,560th birth anniversary of Lord Buddha began in Nepal with Prime Minister K P Sharma Oli, advocating Buddhism as a means to avoid extremism in all forms. Over 1,200 delegates and observers from 28 countries around the world will attend the conference from May 19-20, themed “Lumbini, Nepal: the birth place of Lord Buddha and the fountain of Buddhism and world peace“.
The Than manuscript of China has mentioned that Lumbini is the birth place of Lord Buddha, said Yin Shun, vice-president of Buddhist Association of China. The main objective of organising the event is to highlight Lumbini as birth place of Lord Buddha and the fountain of Buddhism, in the international arena, to establish Lumbini as the centre for interfaith and peace dialogue as well as developing Nepal as the fountain for world peace.
Quick Link – International Buddhist conference
FOREIGN RELATIONS
India-Slovenia Double Taxation Avoidance Convention signed
India and Slovenia have signed a Protocol amending the existing Convention and Protocol between the two countries for avoidance of double taxation and prevention of fiscal evasion with respect to taxes on income on 17th May, 2016 in Ljubljana. The Protocol was signed by Mr. Sarvajit Chakravarti, Ambassador of India to Slovenia on behalf of India and Mr. Dusan Mramor, the Slovenian Minister of Finance on behalf of Slovenia.
The Protocol will broaden the scope of the existing framework of exchange of tax related information which will help curb tax evasion and tax avoidance between the two countries and will also enable mutual assistance in collection of taxes.
Quick Link – Convention and Protocol
SCIENCE AND TECHNOLOGY
Hypersonic superjet technology successfully tested in Australia
Hypersonic travel that could propel people from London to Sydney in just two hours is one step closer to reality, following a successful test. The project, which saw US and Australian military scientists combine resources, is on track to launch in 2018 after its latest engine trial hit the target speed of Mach 7.5 – more than seven times the speed of sound.
It could revolutionise global air travel and prove cost-effective access to space, Alex Zelinsky, the chief Australian scientist working on the project said. For a jet or rocket to be classified as hypersonic, it must travel at five times the speed of sound, or Mach 5. The latest trial at the world’s largest land testing site in Australia saw a rocket hit the target speed of Mach 7.5 (5760 miles per hour), reaching an altitude of 279 kilometres.
Quick Link – Hypersonic superjet
SPORTS
Roger Federer withdraws from French Open
Roger Federer has withdrawn from this year’s French Open after failing to recover from a back injury. The 34-year-old did not play in the Madrid Open earlier this month after hurting his back during practice for the tournament. Federer returned for the Italian Open but was beaten in the third round by Dominic Thiem. The Swiss has struggled with injury this year, having undergone knee surgery after January’s Australian Open.
The former world number one returned for the Monte Carlo Masters in April and reached the quarter-finals, where he was beaten by Jo-Wilfried Tsonga. Federer, winner of the 2009 French Open, has played in just four events in 2016. The last major Federer missed was the 1999 US Open. He was beaten in the French Open quarterfinals last year by eventual champion Stan Wawrinka.
Quick Link – French Open
OBITUARY
Veteran Gujarati folk singer Diwaliben Bhil passes away
Veteran Gujarati folk singer Diwaliben Bhil, who had a huge fan following across the state, passed away in Junagadh at the age of 80. Apart from folk songs and garba songs, Diwaliben had also lent her voice to several film songs. Born in a tribal family in the Gir forests, Diwaliben became famous after a team from All India Radio heard her singing and aired a recording of one of her garbas in a programme.
She was invited to sing on All India Radio and recorded herfirst song, Ful Utarya fulwadi ae re lol”. A self-taught artiste, she went on to sing many more songs for All India Radio and Doordarshan, perform at hundreds of stage shows in India and abroad and record songs for films. The Union Government honoured her with the Padma Shri in 1991.
Quick Link – Diwaliben Bhil passes away
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