Current Affairs Daily Updates: 16th May 2017

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Current Affairs Daily Updates: 16th May 2017
Yes Bank to appoint Debjani Ghosh as independent director
  • Mid-sized private sector lender Yes Bank has announced the appointment of computer hardware company Intel’s executive Debjani Ghosh as an additional director on its board.
  • Ghosh’s appointment as a non-executive director will be considered by the shareholders at the bank’s forthcoming annual general meeting on June 6, a bank statement said.
  • She has been associated with Intel since 1996 and has held positions including country head and managing director for South Asia.
Indian appointed to high-level UN climate change post
  • A senior Indian official has been appointed as the deputy executive secretary of the United Nations Framework Convention on Climate Change (UNFCCC), under which the landmark Paris agreement was negotiated and adopted.
  • Ovais Sarmad, 57, was appointed to the post at the assistant secretary-general level by UN Secretary-General Antonio Guterres.
  • Sarmad will succeed Richard Kinley of Canada.
Pawan Kumar Chamling conferred with first BS Shekhawat award
  • Sikkim Chief Minister Pawan Kumar Chamling was conferred with the first Bhairon Singh Shekhawat Lifetime Achievement Honour in Public Service by President Pranab Mukherjee.
  • The award was conferred during the first Bhairon Singh Shekhawat memorial lecture delivered by the President.
  • Sikkim is known as the 'Land of Flowers' with a population of around six lakhs, It is gaining popularity as a fully organic state in India.

HDFC Life inks distribution tie-up with Catholic Syrian Bank
  • HDFC Life has entered into a bancassurance (the selling of life assurance and other insurance products and services by banking institutions) tie-up with Catholic Syrian Bank to distribute its individual life insurance products to the private lender’s customers.
  • HDFC Life will offer its leading range of individual life insurance, health and pension products to the Catholic Syrian Bank’s 1.5 million customer base across all its branches over a period of time.
India’s GDP projected to grow 7.4% in 2017-18: FICCI survey
  • The Federation of Indian Chambers of Commerce and Industry (FICCI) predicted India’s gross domestic product (GDP) growth will be around 7.4% for fiscal 2017-18.
  • Agriculture sector which is estimated to reach 3.5 per cent growth and improvement.
  • The industrial and services sector are expected to grow by 6.9% and 8.4% respectively in 2017-18.
UN Security Council to Hold Emergency Meeting After North Korea Missile Test
  • The United Nations Security Council (UNSC) will hold an emergency meeting on North Korea's latest missile test.
  • The long-range strategic ballistic rocket Hwasong-12 (Mars-12) is launched by North Korea on May 15, 2017.
  • The US, Japan and Soth Korea requested the emergency discussions after Pyongyang launched a missile.
  • Headquarters of UNSC - New york City, United States.
India ranks 26 in World Bank Power List
  • India to be ranked 26th in World Bank’s electricity accessibility list in the current year from 99th spot in 2014.
  • Out of the 18,452 villages which lacked electricity, over 13,000 villages has been provided access to electricity.
  • The flagship scheme Deendayal Upadhyaya Gram Jyoti Yojana (DDUGJY) was launched by Prime Minister Narendra Modi with an aim to provide 24×7 uninterrupted electricity supply to each rural household across the country by 2022.
Edouard Philippe appointed as Prime Minister of France
  • French President Emmanuel Macron appointed Edouard Philippe as the new Prime Minister of France.
  • Edouard Philippe is the second-youngest Prime Minister of France after Laurent Fabius.
  • Philippe is the Mayor of the port city Le Havre since 2010 and is a member of the Les Republicans party.
Mumbai is the world’s busiest single-runway airport
  • The GVK group-run Mumbai airport has become the world's busiest amongst the single-runway facilities by handling 837 flights a day or one in 65 seconds on an average in fiscal 2017, taking over London's Gatwick airport that had 757 flights a day.
  • In terms of the number of passengers also, the city airport tops with 45.2 million people flying in and out in fiscal 2017 as against 44 million at Gatwick airport.
  • Notably, no other large city in the world is served by one airport, that too with a single-runway.
Bengal Government makes Bengali mandatory in schools
  • West Bengal State government has made Bengali mandatory in all schools, including private English medium schools.
  • Apart from Bengali, English and Hindi, students can opt for other languages such as Urdu, Gurmukhi, Nepali and Ol-Chiki as the medium of instruction in schools of the State.
  • The decision was taken in schools comes at the backdrop of Kerala government’s recent promulgation of an ordinance in April making Teaching of Malayalam compulsory in all schools of Kerala.
V.O. Chidambaranar Port Trust and TANGEDCO Sign MoU to upgrade Coal Jetty-I&II
  • V.O. Chidambaranar Port (VOCP) is set to increase a four-fold in the capacity of two of its Coal Jetties (CJ) – Jetty I and II from 6.25 million tonnes per annum (MTPA) to 24.
  • The VOCP Trust signed a Memorandum of Understanding with Tamil Nadu Generation and Distribution Corporation Limited (TANGEDCO) for the gradational Jetty I and II in New Delhi.
  • With the up gradation of the coal jetties, TANGEDCO will be able to handle additional volume of coal cargo for the upcoming new power plants in Uppur and Kadaladi in Ramanathapuram district in Tamil Nadu.
  • The project is the outcome of Ministry of Shipping’s Project Unnati, under which a study, ‘Unlocking National Ports Potential’ was done to improve the handling capacity of CJ-I & II.
Telangana hosted first Videsh Sampark
  • Telangana has hosted the first outreach programme of the Ministry of External Affairs ‘Videsh Sampark’, to engage the State governments to create awareness about various programmes of the Ministry.
  • The conference was held on May 13 in Hyderabad which was inaugurated by the Minister of State for External Affairs, Gen. V.K. Singh.
Rajnath Singh inaugurates National Platform on Disaster Risk Reduction
  • The Union Home Minister Shri Rajnath Singh inaugurated the two-day second meeting of National Platform for Disaster Risk Reduction (NPDRR) in New Delhi.
  • The theme of the Second meeting of NPDRR is “Disaster Risk Reduction for Sustainable Development: Making India resilient by 2030”.
  • The NPDRR is a multi-stakeholders National Platform headed by the Union Home Minister and it promotes participatory decision making in disaster management, and strengthens federal policy of our country.
Indian Navy signs MoU with Space Application Centre
  • Indian Navy and the Space Application Centre has signed a Memorandum of Understanding on Data Sharing and Scientific cooperation in the field of Meteorology and Oceanology.
  • As per the MoU, the scientific advancements and expertise achieved by Space Application Center (SAC) would be synergised into the Indian Naval efforts in order to keep the Indian Navy with rapid developments that have taken place in the field of Environment Sciences and Satellite Data acquisition technology.
  • The broad areas of cooperation include sharing of non-confidential observational data for pre-launch sensor calibration and post launch satellite data validation, operational use of SAC generated weather products provisioning expertise for installation of various satellite data processing modules.
  • Space Applications Centre(SAC) is one of the major centres of Indian Space Research Organisation (ISRO).It was established in the year 1972.
Ramit Tandon wins maiden PSA title
  • US-based Indian squash player Ramit Tandon has won his Professional Squash Association (PSA) title r in the SYS Open.
  • Ramit defeated Kush Kumar.
  • This was Tandon's third appearance in a Professional Squash Association final.
India’s Women Cricketers Deepti Sharma and Poonam Raut sets new World Record in One-Day Internationals
  • The partnership of Deepti Sharma and Poonam Raut scored 320 in 45.3 overs to become the world’s first pair, to achieve a 300-run opening-wicket partnership in One-Day Internationals (ODIs).
  • The earlier best partnership for the first wicket in men’s cricket was 286 scored by Sri Lanka’s Upul Tharanga and Sanath Jayasuriya against England in 2006.
  • Deepti Sharma’s 188 runs is now the second highest score in women’s one-day International.