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Friday, May 20, 2016

Daily GK Updates - 19th May, 2016

NATIONAL UPDATES:
1. Moody’s pegs India’s growth rate at 7.5% in 2016 and 2017: Global rating agency, Moody’s has forecast a growth rate of about 7.5% for the Indian economy in 2016 and 2017.

2. Centre to postpone NEET by a year: Buckling under pressure, the centre has decided to defer the National Eligibility cum Entrance Test (NEET) for medical college admission by a year through an ordinance or executive order.

3. Bonded labour rehab to be made Central sector scheme: Labour Minister (Independent) Bandaru Dattatreya stated that the centre is revising the rehabilitation of bonded labour scheme, bringing it into the Central sector, and plans to raise financial assistance from Rs 20,000 to Rs 100000.

4. Government approves three pharma FDI proposals worth Rs 60.73 crore: The Foreign Investment Promotion Board (FIPB) has approved Rs 60.73 crore worth of foreign direct investment (FDI) proposals of Wockhardt, Aurobindo Pharma and Advanced Enzyme Technologies.

5. Apple announces opening of its map development centre in Hyderabad.

6. Ola signs MoU with government to benefit ‘Safai Karamcharis’: It has signed a MoU with the 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.

7. BHEL commissions 250 MW Thermal Unit at Parli Thermal Power Station located in Beed district in Maharashtra.

8. TATA Power bags 100 MW solar projects in Pavagada Solar Park in Tumkur district of Karnataka.

9.  Japanese financial company Nomura exits joint venture with Life Insurance Corporation.

10. Five Indian cars namely Renault Kwid, Maruti Suzuki Celerio and Eeco, Mahindra Scorpio and Hyundai Eon failed crash tests by the Global New Car Assessment Programme (Global NCAP).

11. Ola signs MoU with KIAB: App-based cab service provider Ola has launched a unique initiative for travellers arriving at the Kempegowda International Airport (KIA). The move will help users to get an Ola cab in less than three minutes.

12. Rakesh Kumar Mishra appointed as the Director of Centre for Cellular and Molecular Biology (CCMB).

INTERNATIONAL UPDATES:
1. Scientists developed world’s first Zika virus clone: Scientists from the University Of Texas Medical Branch (UTMB) have developed world’s first genetically engineered clone of the Zika virus strain.
2. UN-habitat releases World Cities Report 2016, Urbanization and Development: Emerging Futures: As per the UN reports, India is projected to add 300 million new urban residents by 2050 and it will also need to build Climate Friendly Cities to deal the challenge of accommodating the needs of the Population growth. 
3. UN Secretary General Ban Ki Moon appoints Patricia Espinosa Cantellano as Executive Secretary of UNFCCC.   
OTHER UPDATES:
FINANCE/BANKING:
1. SBI seeks to take over 5 associate PSBs, Bhartiya Mahila Bank: The country’s largest lender State Bank of India has decided to merge its five associate public sector banks and the Bhartiya Mahila Bank with itself.

2. Nepal SBI launches payment gateway to facilitate online trade and non-trade transactions between the Himalayan nation Nepal and India.

3. PNB tops list of worst losses in Indian banking history: Public sector lender Punjab National Bank has reported the largest net loss of Rs 5,367.14 crore for the 4th quarter ended on 31st of March against the backdrop of a surge in bad loans.

SPORTS:
4. Sevilla Football club wins the 3rd consecutive Europa League title by defeating Liverpool 3-1 in the final played in Basel: He was named as the Test Player of the Year, Limited Overs Player of the Year and Fan’s Player of the Year at the England’s annual award ceremony.

AWARDS:

5. Indian-American bio-technologist Rupa Iyer received the University of Houston’s highest teaching award for her sustained and significant contributions to education in the US.

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