Home Daily Updates IMPORTANT CURRENT AFFAIRS & DAILY NEWS UPDATES : 14 - MAY - 2016
IMPORTANT CURRENT AFFAIRS & DAILY NEWS UPDATES : 14 - MAY - 2016
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Saturday, 14 May 2016 04:02

 

 

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14 - MAY - 2016

 

NICO ROSBERG WON 2016 RUSSIAN GRAND PRIX

German Formula 1 Mercedes Driver Nico Rosberg won 2016 Russian Grand Prix. It is his fourth win in a row this season.

Mercedes driver Lewis Hamilton of United Kingdom stood second and Ferrari driver Kimi Räikkönen of Finland secured 3rd place in the tournament.

The race, contested over fifty-three laps, was held at the Sochi Autodrom in Sochi, Russia. The race was the fourth round of the 2016 season and marked the fifth running of the Russian Grand Prix and the third time as a round of the Formula One World Championship.

List of top 5 finishers in 2016 Russian Grand Prix

1. Nico Rosberg, Mercedes

2. Lewis Hamilton, Mercedes

3. Kimi Räikkönen, Ferrari

4. Daniel Ricciardo, Red Bull Racing-TAG Heuer

5 Sebastian Vettel, Ferrari

About Russian Grand Prix

The Russian Grand Prix is an annual auto race held at Sochi Autodrom, a street circuit built around Olympic Park in Sochi, Russia, as part of the Formula One World Championship.

The race was first held briefly in the 1910s in St. Petersburg of the Russian Empire.

The plans were made to host a Formula One event in Moscow for the 1983 season as the Grand Prix of the Soviet Union. However, the plans fell through.

It was officially announced in 2010 that the Russian city of Sochi, which was also preparing to host the 2014 Winter Olympics, will host a new event on the F1 schedule beginning in the 2014 Formula One season under a seven-year deal.

INDIAN-AMERICAN JOURNALIST, NEELA BANERJEE, RECEIVED WITH EDGAR A. POE AWARD

An Indian-American journalist, Neela Banerjee, was felicitated with a prestigious with Edgar A. Poe award. She was felicitated by US President Barack Obama and First Lady Michelle during the annual White House Correspondents Dinner in Washington.

A Washington based journalist Neela Banerjee and three of her colleagues from Inside Climate News - John Cushman Jr, David Hasemyer and Lisa Song - were presented with the prestigious Edgar A Poe award.

The award was shared by Terrence McCoy of the Washington Post, who explored the issue of lead poisoning among poor black children in Baltimore after Freddie Gray died in custody in a high-profile case of alleged police abuse.

About Neela Banerjee

A graduate of Yale University, she served as a Moscow correspondent with The Wall Street Journal.

Before joining Inside Climate News, Banerjee, was energy and environmental reporter for the Los Angeles Times’ Washington bureau. She covered global energy, the Iraq War and other issues with The New York Times.

The Edgar A. Poe Award

The annual Edgar A. Poe Award by the White House Correspondents Association (WHCA) founded in 1914 honours journalistic work of national or regional significance.

A prize of 2500 dollar was established by the New Orleans Times-Picayune and Newhouse Newspapers in honor of their distinguished correspondent, Edgar A. Poe.

Some other awards announced at White House Correspondents Dinner include

  • Aldo Beckman Memorial Award for excellence in White House coverage - Carol Lee of the Wall Street Journal
  • Merriman Smith Award for outstanding White House coverage under deadline pressure - Matt Viser of the Boston Globe
  • Merriman Smith award for broadcast journalism - Norah O'Donnell of CBS News

IISC PROFESSOR SRIRAM RAMASWAMY BECAME ROYAL SOCIETY FELLOW

Physicist Sriram Ramaswamy, Director of TIFR Centre for Interdisciplinary Sciences, Hyderabad, was elected as the Fellow of The Royal Society, as announced. His name appeared on the list of 50 new fellows and 10 new Foreign Members announced by the Royal Society.

Besides, biochemist Ramanujan Hegde, MRC Laboratory of Microbiology, U.K. and applied mathematician Lakshminarayanan Mahadevan, Harvard University, are the other two Indian names who were also elected as the fellows of the premier scientific academy of the U.K. and the Commonwealth.

About Sriram Ramaswamy

Sriram directs the TIFR Centre for Interdisciplinary Sciences in Hyderabad, and is on leave from the Indian Institute of Science, Bangalore.

Among the awards he has received for his research are the Shanti Swarup Bhatnagar Prize in 2000 and the Infosys Prize in 2011.

His research helped found the field of Active Matter, which studies the collective behaviour of objects, such as motile organisms.

He is widely known for formulating the hydrodynamic equations governing the alignment, flow, mechanics and statistical properties of suspensions of self-propelled creatures, on scales from a cell to the ocean.

About Lakshminarayanan Mahadevan

L Mahadevan was born in India, and was educated there through college.

He completed his PhD at Stanford University.

He started his independent career at MIT.

His work has been recognized by awards that include the Edgerton Prize at MIT and the Ledlie Prize at Harvard.

His work attempts to understand the geometrical and dynamical patterns of shape and flow in physical and biological matter.

About Ramanujan Hegde

Ramanujan Hegde is a biochemist whose research has deepened humans’ understanding of how newly made proteins are localised correctly inside cells.

His research contributions have been recognized by the R.R. Bensley award in Cell Biology in 2008, and his election as a Member of the European Molecular Biology Organisation in 2013.

About Royal Society

The President, Council, and Fellows of the Royal Society of London for Improving Natural Knowledge, commonly known as the Royal Society, is a learned society for science. It is possibly the oldest such society still in existence.

It was founded in November 1660.

It was granted a royal charter by King Charles II as The Royal Society.

The society is governed by its Council, which is chaired by the Society's President, according to a set of statutes and standing orders.

The members of Council and the President are elected from and by its Fellows, the basic members of the society, who are themselves elected by existing Fellows.

The current Royal Society President is Venkatraman Ramakrishnan, who took up the post on 30 November 2015.

INDIAN RAILWAYS SIGNED MOU WITH HARYANA & PUNJAB TO PLANT TREES ALONGSIDE RAILWAY TRACK

Indian Railways signed a Memorandum of Understanding (MoU) with forest departments of Haryana and Punjab to plant trees alongside Railway Track on Railway Land Boundary.

The MoU was signed by Pankaj Saxena, Chief Engineer /P&D, Northern Railway on behalf of Railways whereas it was by Dr Amrinder Kaur, Principal Chief Conservator of Forest (PCCF) from forest departments.

It paves way for planting 5 lakh trees during this season.

Silent feature of the agreement

This agreement paves way for the following improvements with regard to afforestation on railway land:-

• Railway can contribute substantially towards the Green India Mission.

• Forest department is involved in the plantation as well as maintenance and disposal of trees, thus bringing in the much needed expertise in afforestation.

• Plantation along the railway track on railway land boundary by Forest department without declaring such land as protected forest with the provision for resumption of such land at any time by railways thus no hindrance to railway works / developmental projects.

• Protecting railway land from encroachment.

All Zonal railways have been asked to execute similar agreement between their zones and concerned State Forest departments as early as possible.

INDIAN AMERICAN SIKH WOMAN, HARMEET KAUR DHILLON, ELECTED TO KEY REPUBLICAN POSITION

An Indian American Sikh woman from California, Harmeet Kaur Dhillon, was elected to an important position in the Republican Party at the US national level.

Chandigarh-born Harmeet Kaur Dhillon was elected as the newest national committee woman of the Republican National Committee on 1 May 2016.

Earlier, she was earlier the vice chairman of the California GOP. She was the first woman elected to this position of vice chair of the California Republican Party.

Harmeet Kaur Dhillon

• A nationally recognized trial lawyer, Dhillon, 47, was born in India, but raised in rural North Carolina after her Sikh parents moved to the US.

• She is a nationally recognised trial lawyer, boardroom advisor and advocate for individual, corporate and institutional clients across numerous industries and walks of life.

• She has been awarded the prestigious designation of Northern California Super Lawyer in business litigation by Thomson/West Publishing, an accolade reserved for the top 5% of lawyers in the jurisdiction.

• From an early interest in constitutional litigation, to a stint at the Department of Justice, to a decade of practice at prestigious international law firms, to founding her own law firm in 2006.

• Her legal career has been marked by a passion for justice, a zeal for attacking legal challenges, and an intense sense of satisfaction in helping her clients realize creative and practical solutions to seemingly intractable problems.

• Dhillon’s practice in New York, London, and the San Francisco Bay Area has focused on federal and state commercial litigation and arbitration, with a particular emphasis on unfair competition/trade secret misappropriation, intellectual property (including trademark litigation and internet torts), complex contractual disputes, and First Amendment litigation (including defamation, trade libel, right of publicity, and anti-SLAPP motions).

LEICESTER CITY'S JAMIE VARDY NAMED FWA FOOTBALLER OF THE YEAR 2016

Leicester City striker forward Jamie Vardy was named 2015-16 Footballer of the Year by the Football Writers Association (FWA). He will be honoured with the prestigious FWA accolade, which has been running since 1948, at a gala dinner in London on 12 May 2016.

19-year-old striker became the first Leicester City player to win the prestigious FWA Footballer of the Year award with 36 percent of the vote. With this he joined the likes of Bobby Moore, George Best, Eric Cantona, Thierry Henry and Cristiano Ronaldo among its past winners.

Vardy, who topped the vote among FWA members, scored 22 goals in 34 Premier League appearances this season. He was followed by his teammates, Riyad Mahrez (second) and N’Golo Kanté (third).

Earlier, Mahrez was named the PFA's Footballer of the Year in April 2016.

It is the first time that two players from the same club have claimed both awards in the same season since Everton's Neville Southall and Peter Reid in 1985.

The England international has scored 24 goals for club and country so far this season.

LEICESTER CITY CROWNED ENGLISH PREMIER LEAGUE CHAMPIONS FOR 1ST TIME IN 132-YEAR HISTORY

Leicester City was crowned as champions of English Premier League. It was crowned with the title without playing, as nearest challenger Tottenham Hotspur had 2-2 draw with Chelsea.

The result meant second placed Tottenham will not be able to surpass Leicester City who has a seven point lead at the top of the table.

This is the first time in the club’s 132-year history that Leicester is champion of England.

Leicester City completed their contest for the Premier League title after Eden Hazard's late goal enabled Chelsea a draw with second-place Tottenham Hotspur.

Premier League

The Premier League is an English professional league for men's association football clubs. At the top of the English football league system, it is the country's primary football competition.

The league is a corporation in which the 20 member clubs act as shareholders. Seasons run from August to May.

Contested by 20 clubs, it operates on a system of promotion and relegation with the Football League. Welsh clubs that compete in the English football league system can also qualify.

APEX COURT RELAXED THE VERDICT ON DIESEL CABS

  • Making it clear that its final objective is a gradual phase out of diesel taxis, the Supreme Court tweaked its April 30 blanket ban to allow diesel-run All India Travel Permit taxis to operate till the expiry of their existing permits.
  • The ban on plying of diesel taxis in Delhi from May 1 had led to widespread protests, forcing the AAP government and the Centre to urgently approach the Supreme Court for modification of its order.
  • The Centre argued that the ban on diesel cabs with All India Travel Permits (AITP), numbering over 64,000, would severely cripple the burgeoning BPO businesses located mostly in the National Capital Region (NCR).
  • BPOs contract AITP operators to conduct point-to-point ferrying of employees numbering to several thousands from Delhi to Gurgaon, in neighbouring Haryana, and other NCR areas.
  • The ban — both on diesel taxis and fresh registration of diesel vehicles over 2000 CC engine capacity — has left many BPO and taxi operators in dire straits.

GOVT TOLD IN LOWER HOUSE MORE THAN 1.5 VILLAGES ARE AFFECTED BY DROUGHT

  • The government told the Lok Sabha that drought had affected nearly 1.5 lakh villages across the country and around a quarter of its population had been impacted.
  • Rural Development Minister Birender Singh said 313 districts, 1,58,205 villages and 4,44,280 dwellings had been hit by drought and the government was taking efforts to deal with the situation.
  • He was replying to the discussion on drought, water scarcity and inter-linking of rivers, with members voicing concern over the worsening situation and demanding waiver of loans of farmers.
  • The Centre has allocated Rs. 1,360 crore to Bihar, Odisha, Andhra Pradesh, Jharkhand, Uttar Pradesh and Karnataka well before the drought.
  • Mr. Singh said the government had also increased funding under the MGNREGS from Rs. 37,000 crore to Rs. 45,000 crore and the man-days had been raised to 252 days.

INDIA’S INDIGENOUSLY BUILT LIGHT COMBAT HELICOPTER CLOSER TO REALITY

  • India’s indigenously built and under development Light Combat Helicopter (LCH) moved a step closer to induction as it is set to undergo weapon certification trials in July-August.
  • The certification firing trials with integration of mission sensors such as electro optical system, helmet pointing system and weapon systems air to air missiles, turret gun and rockets are planned during July-August 2016.
  • The LCH had earlier successfully undergone development trials under various conditions at Bangalore, Chennai, Leh and Jodhpur.
  • The 5.8 tonne multirole attack chopper is being developed by the Hindustan Aeronautics Limited and is intended to play a major role in providing close air support to ground forces.

OBAMA TO BECOME THE FIRST US PRESIDENT TO VISIT ATOMIC BOMB SITE

  • Barack Obama will become the first U.S. President to visit Hiroshima, the first target of an atomic bomb 70 years ago, the White House announced..
  • Mr. Obama will fulfil a desire he had expressed in 2009 — to travel to either of the two Japanese cities on which the U.S. dropped atomic bombs in 1945. Many historians believe it was necessary to end the Second World War. Jimmy Carter visited Hiroshima in 1984, after he had left the White House
  • President Obama will be travelling to Japan for his final G-7 summit.
  • Only months ahead of the November presidential election, Mr. Obama’s trip to Hiroshima is fraught with serious risks — to his own legacy and the chances of the Democratic nominee.
  • The Republicans have accused Mr. Obama of being on a perpetual global apology tour — referring to his various remarks that sought to recalibrate U.S. positions towards Europe, the Muslim world and the war on terror.
  • In a preemptive move, the White House said the President would not revisit the decision to use the atomic bomb.
  • The Hiroshima bombing and America’s relations with Japan have cropped up in the ongoing presidential campaign.
  • Mr. Trump has said he would rather allow Japan and South Korea to develop their own nuclear arsenals than having U.S. deployment in the region to provide them protection.
  • Mr. Obama’s visit to Hiroshima will highlight America’s commitment “to pursue the peace and security of a world without nuclear weapons,” Mr. Rhodes said.

BANGLADESH IS WORKING ON A STRATEGY TO FIGHT EXTREMISM WITH US

  • The U.S. and Bangladesh are working out a strategy to fight violent extremism in the South Asian nation, which saw a number of killings in recent months of activists and writers by alleged Islamists.
  • The plan, mooted by the U.S., is currently being discussed. U.S. Assistant Secretary of State for South Asia Nisha Desai Biswal had visited Bangladesh on May 5 following the recent murder of a USAID employee and his friend in Dhaka.
  • Another U.S. delegation is expected to visit Dhaka soon to discuss the counter-terrorism plan.
  • Ms. Biswal had met Indian High Commissioner Harsh Vardhan Shringla and reportedly discussed security issues when she was in Dhaka last week.
  • The U.S. envoy’s comment came two days ahead of Indian Foreign Secretary S. Jaishankar’s visit to Dhaka.
  • Indian officials denied the reports of a trilateral counter-terror partnership saying that Mr. Jaishankar’s visit to Dhaka would discuss a “range of issues”, but they would be “strictly bilateral”.
  • Officials also pointed to the fact that there are many “divergences” between the American and Indian positions on extremism in the region, most notably over the ongoing war crime trials, as well as the groups responsible for the killing of bloggers.

CENTRE WILL TAX CAPITAL GAINS ON INVESTMENT FROM MAURITIUS

  • Starting next year, the Centre will tax capital gains on investments from Mauritius, the tiny island from where India has received nearly a third of its total FDI inflows since 2000.
  • The source of the leak in tax revenue was plugged after the two countries signed a protocol at Port Louis, Mauritius.
  • The protocol amends the convention for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and capital gains.
  • However, following the agreement, Mauritius could cease to be the preferred route for FDI and portfolio investments into India.
  • The amendment will tackle long-pending issues of treaty abuse and round-tripping of funds, attributed to the India-Mauritius treaty.
  • It will also curb revenue loss, prevent double non-taxation, streamline the flow of investment and stimulate the flow of exchange of information between India and Mauritius.
  • The 1983 Double Taxation Avoidance treaty made Mauritius, which taxes capital gains at near-zero rates, an attractive “post box address” for foreign investors to route investments into India.

ACCORDING TO WB INDIA HAS LARGEST OFFLINE POPULATION

  • India has the largest offline population in the world with nearly a billion Indians still not able to tap the benefits of a digital economy, the World Bank said.
  • At least 8 in 10 individuals in India own a mobile phone and digital technologies are spreading rapidly, but the aggregate impact of digital technologies has fallen short and is unevenly distributed, noted a 2016 development report on Digital Dividends released by the Bank.
  • The opportunities for increasing access to digital technology for creating higher growth, more jobs, and better public services are significant for India.
  • At the end of 2014 India had more than 200 million Internet users, compared to 665 million in China, according to the report.

PROCESS FOR MONETARY POLICY COMMITTEE WILL BEGIN AFTER NOTIFICATION OF FINANCE BILL

  • The process to constitute a Monetary Policy Committee (MPC) will begin once the Finance Bill 2016 has been notified as an Act.
  • In his Budget speech, Finance Minister Arun Jaitley had said that the Reserve Bank of India Act would be amended to facilitate the setting up of a committee tasked with setting interest rates in the economy.
  • The proposed committee will have six members — three appointed by the Reserve Bank of India (RBI) and the remaining nominated by an external selection committee.
  • Following the setting up of this MPC, each member will have a vote while the Reserve Bank of India governor will have a deciding vote in the event of a tie, therefore rendering him as first among equals.
  • This is important in the context of the government pushing for lower interest rates to spur the sluggish demand in the economy.

 

 

A generous heart, kind speech, a life of service and compassion are the things which renew humanity. When words are both true and kind, they can change our world because words have the power to both destroy and heal.


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Last Updated on Monday, 16 May 2016 05:50
 

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