DAILY CURRENT
AFFAIRS: 12 MAY 2016
(Daily News India)
1. RBI TO
ISSUE RS. 1000 BANKNOTES WITH INSERT LETTER 'R'
i.Reserve
Bank Of India will be going to issue rupees 1,000 denomination bank notes in
the Mahatma Gandhi Series of 2005 with the insert letter of 'R' in both the
number panels.
ii. The
banknotes will also have the other security features, including ascending size
of numerals, bleed lines ,identification mark and the signature of RBI governer
Dr. Raghuram G. Rajan.
iii. These
banknotes will also have the year of printing '2016' printed on the reverse.
GOVERNOROF RESERVE BANK OF INDIA: RAGHURAM
RAJAN
2. 100%
FDI THROUGH AUTOMATIC ROUTE PERMITTED IN ASSET RECONSTRUCTION COMPANIES
i. The Union
Ministry of Commerce & Industry has allowed 100 per cent foreign direct
investment in asset reconstruction companies under the automatic route.
ii. Earlier
FDI was allowed under automatic route up to 49 per cent
iii.Now it is
approved upto 100 %.
iii. Foreign
Institutional Investors and foreign portfolio investors have also been permitted
to invest up to 100 %.
3.
MRUGANK PARANJAPE TOOK CHARGE AS MD AND CEO OF MULTI COMMODITY EXCHANGE
i. Mrugank
Paranjape has been appointed as managing
director and chief executive officer of
Multi Commodity Exchange country’s largest commodity exchange.
ii. He has
been appointed for a period of 3 years.
4. MAY 11
OBSERVED AS NATIONAL TECHNOLOGY DAY
i. National
Technology Day is being observed across India on May 11th.
ii.The day
is observed to glorify the importance of
science in day-to-day life and motivate students to adopt science as a career
option.
iii.The Themeof the day is ‘Technology enablers of
Startup India’.
iv.The day
is observed to celebrate the anniversary of first of the Operation Shakti under which nuclear test was
held on 11 May 1998 in Pokhran, Rajasthan.
5. RAJYA SABHA PASSES THE
INSOLVENCY AND BANKRUPTCY CODE BILL 2016
i. The Rajya
Sabha passed the Insolvency and Bankruptcy
Code Bill 2016.
ii.The bill
will help in improving India’s ranking in the World Bank’s Ease of Doing
Business index.
iii.The Bill
is based on the recommendations of the Joint Parliamentary Committee on the
Insolvency and Bankruptcy Code, 2015 .
iv.The
committee is chaired by Bhupender Yadav.
v.Major
Highlights of the Bill
a. Insolvency
resolution: The Code creates time-bound processes for insolvency resolution of
companies and individuals. These
processes will be completed within 180 days. If insolvency cannot be resolved,
the assets of the borrowers may be sold to repay creditors.
b. Information
Utilities: Information utilities will be established to collect, collate and
disseminate financial information to facilitate insolvency resolution.
c. NCLT: The
National Company Law Tribunal will adjudicate insolvency resolution for
companies.
d. DRT: The
Debt Recovery Tribunal will adjudicate insolvency resolution for individuals.
e. Insolvency
and Bankruptcy Board: The Insolvency and Bankruptcy Board of India will be set
up to regulate functioning of IPs, IPAs and IUs.
6.
INDIAN-AMERICAN REVATHI BALAKRISHNAN NAMED AS 2016 TEXAS ELEMENTARY TEACHER OF
THE YEAR
i.
Indian-American elementary teacher, Revathi Balakrishnan was honoured by US
President Barack Obama at the White House.
ii. She was
named as 2016 Texas Elementary Teacher of the Year.
iii.She
received the honour for her excellent work in the field of education at Patsy
Sommer Elementary School in Texas.
7. MP
TOURISM WINS BEST INDIAN DESTINATION FOR WILDLIFE AWARD
i. Madhya
Pradesh Tourism received the Best Indian
Destination for Wildlife Award from the Lonely Planet Group in Mumbai.
ii.Wildlife
in Madhya Pradesh state has the total forest cover of M.P. is 24.79% of the
land area.
iii. Madhya
Pradesh has 25 wild life sanctuaries including nine National Parks.
iv. The
state has also launched number of programmes for the conservation of flora and
fauna.
v. Two
national parks of Madhya pardesh Kanha
and Pench were regarded as the most
beautiful national parks in Asia.
CURRENT AFFAIRS GK QUIZ BASED ON TODAY’S NEWS
1.
WHICH OF THE FOLLOWING LETTER IS INSERTED IN THE RS.1000 BANK NOTES?
a.M
b.R
c.S
d.P
2.
WHO HAS BEEN APPOINTED AS NEW MD AND CEO OF ‘MULTI COMMODITY EXCHANGE ‘?
a.
Mrugank Paranjape
b.T.S
vijayan
c.Bhupendra
yadav
d.Raman
thakur
3.
NAME THE PERSON WHO HAS BEEN NAMED AS ‘2016 TEXAS ELEMENTARY TEACHER OF THE YEAR’?
a.
Revathi Balakrishnan
b.Manju
bhatiya
c.
Mukesh kumar
d.S.saharan
4.
WHICH STATE HAS WON BEST ‘INDIAN DESTINATION FOR WILD LIFE AWARD’?
a.Punjab
b.Madhya
pardesh
c.Uttar
pardesh
d.Gujrat
5.
WHO IS THE PRESENT CHIEF MINISTER OF MADHYA PARDESH?
a.Akhilesh
yadav
b.Shivraj singh chouhan
.Kailesh
nath
d.Jitendra
Sharma
ANSWERS:
1.b 2.a
3.a 4.b 5.b
