Current Affairs, News & Facts of 12 May 2016

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  • Renowned West Indies cricket commentator Tony Cozier passes away

    Renowned West Indies cricket commentator Tony Cozier passes awayRenowned West Indies cricket writer and commentator Tony Cozier (75) passed away following a long illness. He was described as having an "encyclopaedic" knowledge of cricket. 

    Cozier had covered almost every West Indies series since 1962, and is one of the most respected cricket writer, broadcaster and historian to have come out of the Caribbean. 

    Tony Cozier  : Cozier was born on 10 July 1940 in Bridgetown, Barbados. He was inspired by his father who was also a cricket writer. Cozier began his commentary career with the Australia tour of the West Indies in 1965. 

    He also authored " The West Indies: 50 Years of Test Cricket ". He was editor of The West Indies Cricket Annual for all its 22 editions.

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  • Corruption costs world economy $2 trillion a year: IMF

    Corruption costs world economyA new report by the International Monetary Fund says  bribery and corruption cost the world economy as much as $2 trillion every year, money that instead could be used to fight poverty, create jobs, and protect the environment. The money lost to corruption every year is 2 percent of the global gross domestic product.

    The direct economic costs of corruption are clear, but the indirect costs may be even worse leading to low growth and greater income inequality. Moreover corruption undermines trust in government and erodes the ethical standards of private citizens.

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  • Indian Navy decommissions fighter planes Sea Harriers

    Indian Navy decommissions fighter planes Sea HarriersIndian Navy decommissioned its fleet of iconic Sea Harriers. This event of decommissioning marked the end of an era in India’s naval history, as the country holds an official ceremony phasing out the last of its iconic Sea Harrier jets.

    The Harriers have been replaced by a squadron of Russian MiG 29k jets during an official  ceremony held at INS Hansa base in Vasco at Goa.

    Fighter planes Sea Harriers  

    The aircraft, developed by the British in the 1960s, are best known for the ability to take off and land vertically, and for being the only class of jet that can hover like a helicopter.

    The sea Harrier was used by the British during the Falklands War, both Gulf Wars, and during the NATO intervention in Bosnia and Herzegovina.

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  • Kenya to close Dadaab, world's biggest refugee camp

    Kenya to close Dadaab, world's biggest refugee campThe Kenyan government has vowed to close Dadaab refugee camp that has an estimated 328,000 refugees of Somali refugees.

    The camp is referred to as the world's largest refugee camp. The govt will also close Kakuma refugee camp that has 190,000 people, mostly South Sudanese fleeing civil war. 

    The UN has urged Kenya to reconsider its decision to close Dadaab camp as this move will displace more than 600,000 people. The closures of camp means Somali asylum seekers would be forced to return to the situation they fled.

    Why Dadaab is being closed ?

    Kenya says it needs to close the sprawling Dadaab camp because it harbors some of Somalia's al-Shabab Islamic extremists and is a conduit for smuggling weapons. The Somalia-based militant group was behind the massacre  of nearly 150 students at a university in 2015.

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  • NBA star Stephen Curry named MVP for second straight year 

    NBA star Stephen Curry named MVP for second straight year Golden State superstar Stephen Curry was named the National Basketball Association's (NBA) Most Valuable Player (MVP) for the second straight year, becoming the first unanimous winner in the award's 61-year history after a record-breaking contribution (shooting above 50–40–90) to the record breaking victory of Golden State Warriors.

    It is for the first time in the history of National Basketball Association that a player has been unanimously chosen. No player, not even Michael Jordan has been a unanimous choice for MVP.

    Most Valuable Player Award  :

    The National Basketball Association Most Valuable Player (MVP) is an annual award given since 1955–56 NBA season to the best performing player of the regular season.

    The winner receives the Maurice Podoloff Trophy, which is named in honor of the first NBA commissioner who served from 1946 until his retirement in 1963.The MVP award is chosen by a panel of 130 sportswriters and broadcasters in the United States and Canada with one vote going to fan.

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  • UP govt approves 'bicycle highway' between Taj and lion safari

    UP govt approves 'bicycle highway' between Taj and lion safariThe Uttar Pradesh Cabinet has given its approval to develop nearly 200-km long bicycle highway from Agra to the lion safari in Etawah to encourage eco-tourism in the vicinity of the Taj Mahal. 

    The proposed highway will not run along the Agra-Etawah main road but will cover various historical and tourism centres such as Raja Bhoj ki Haveli, Bateshwarnath Temple, Mela Kothi Jarar, Naugava ka Quila and other rural areas to reach lion safari in Etawah.

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  • Barack Obama honours Indian-American elementary teacher

    Barack Obama honours Indian-American elementary teacherRevathi Balakrishnan, an Indian-American teacher from Texas has been honored by US President Barack Obama at the White House for her excellent work in the field of education. She was also named 2016 'Texas Elementary Teacher of the Year'.

    Currently she teaches maths in third through fifth grade at Patsy Sommer Elementary School. She will represent Texas in the upcoming 'National Teacher of the Year' competition.

    Ms Balakrishnan who is originally from Chennai,  was a systems analyst with Liberty Mutual, managing databases and programming for about 12 years before becoming a teacher. She holds economics degree from University of Madras.

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  • Rajya sabha passes Insolvency and Bankruptcy Code, 2015

    The Rajya Sabha has  passed the Insolvency and Bankruptcy Code, 2016 which was cleared by the Lok Sabha last week.

    The new bill has been termed as biggest economic reform after GST. The bill will be critical in resolving India’s bad debt problem, which has crippled bank lending.

    Once the President signs the legislation, India will have a new bankruptcy law that will ensure speedy winding up of companies, lower non-performing assets and redeployment of capital for productive uses.

    The Code creates time-bound processes for insolvency resolution of companies and individuals and all conflicts would be resolved within 180 days.  If insolvency cannot be resolved, the assets of the borrowers may be sold to repay creditors.

    Click here to know more about : Insolvency and Bankruptcy Code, 2015

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  • Ravinder Khatri, Babita Kumari Among Eight Indians to Bag Rio Berths

    Ravinder Khatri, Babita Kumari Among Eight Indians to Bag Rio BerthsWrestlers Ravinder Khatri and Babita Kumari have secured spots at the upcoming Rio Olympics after their rivals failed a dope test. The qualification of the two grapplers took India's quota places to Rio from Wrestling to eight.

    Khatri was awarded the berth in the Greco-Roman 85 kg category after Kenzheev Zhanarbek of Kyrgystan failed the dope test at the Asian Olympic qualifier. Babita booked a ticket to Rio after Sumiya Erdenechimeg failed the test in 53kg freestyle division.

    Comment : This is the first time when two women wrestlers from India have qualified for the Olympics and in fact, this is the first time that India will be represented in all three formats - men's freestyle, female wrestling and Greco-Roman - at the Olympics.

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2nd Aug

Exam Date : 02-08-2016

Exam Time : 07:15:00

Ques/Time : 6/5 min


Sports

Exam Date : 01-08-2016

Exam Time : 06:00:00

Ques/Time : 8/5 min


Todays test

Exam Date : 22-07-2016

Exam Time : 05:10:00

Ques/Time : 3/5 min


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