GK Eduwrap – 13th May 2016

GK Eduwrap 13th may

 

Grab your daily scoop of Current Affairs, from National to International, Sports, Business and Economics. Learn wisely and Gain better with Eduncle’s GK Eduwrap!

 

National – Across the India:

 

1. The Supreme Court of India has ruled that Telecom companies will not compensate mobile phone users for inconvenience caused by call drops.

 

In this regard, the apex court has struck down the TRAI Regulation which made it mandatory for telecom companies to compensate subscribers for call drops from January 2016.

The Ruling was given by the SC bench comprising Justices Kurian Joseph and R F Nariman on the appeals filed by Cellular Operators Association of India (COAI).

 

2. The Supreme Court has upheld constitutional validity of penal laws on defamation as the right to life under Article 21 includes the right to reputation.

 

Ruling in this regard was given by two-judge SC bench of Justices Dipak Misra and Justice Prafulla C. Pant on combined petitions filed by a number of politicians and public figures.

The petitioners had alleged that the provisions of criminal sanction act as a censoring device thus violate the freedom of speech guaranteed by the Constitution.

 

International – Across the Globe:

 

1. The Obama administration will tell every US public school district to allow transgender students to use the bathrooms that match their gender identity.

 

The letter, signed by officials from the Education and Justice departments, does not have the force of law but contains an implicit threat that schools which do not abide by the Obama administration’s interpretation of the law could face lawsuits or a loss of federal aid.

The move comes as the Obama administration and North Carolina battle in federal court over a state law passed in March that limits public bathroom access for transgender people.

 

Sports:

 

1. The International Cricket Council has appointed former India Captain Rahul Dravid and ex-Sri Lankan batsman Mahela Jayawardene in its Cricket Committee.

 

 Anil Kumble has been re-appointed as its chairman.

The committee, that already comprises some prominent names such as Andrew Strauss, Kevin O’Brien and Darren Lehmann, will add two of the most prolific batsmen of their generation in order to foresee the improvement of the game.

 

Appointments & Resignations:

 

1. United States (US) President Barack Obama has appointed an Indian-American engineer Manjit Singh as the member of President’s Advisory Council on Faith-Based and Neighborhood Partnerships (PACFBNF).

 

PACFBNF brings together leaders and experts in fields related to the work of faith-based and neighborhood organizations in order to make recommendations to the Administration.

Singh is the President of Agilious, a software technology consulting firm he founded in 2013.

He is an engineering graduate of Bombay University.

He is the co-founder of the Sikh American Legal Defense and Education Fund, a national Sikh American media, policy and education organization.

 

Memorandum of Understanding (MoU):

 

1. The Union Cabinet has given its approval for signing of an Inter-Governmental Agreement between India and Mauritius on cooperation in cooperatives and related fields.

 

The Agreement provides for promoting cooperation between both countries through short and medium term programmes within the framework of the joint activities.

It will be valid for duration of five years after which it can be automatically extended for another five years.

 

2. The Union Cabinet has apprised of a General Framework Agreement (GFA) on Renewable Energy Cooperation between India and United Arab Emirates (UAE).

 

The GFA was signed in February 2016 in New Delhi during the official state visit of Crown Prince of UAE to India.

The GFA aims at boosting bilateral cooperation between India and UAE in the field of new and renewable energy technologies.

 

3. India and other 5 countries “Canada, Iceland, Israel, New Zealand and China” have signed OECD’s (Organisation for Economic Co-operation and Development) Multilateral Competent Authority Agreement in Beijing (China).

 

The multilateral agreement aims at boosting automatic exchange of information on tax issues and developing new tools to tackle the tax evasion.

The pact allows all signatories to bilaterally and automatically exchange Country-by-Country Reports with each other.

It is designed to provide tax administrations with information needed to combat tax avoidance through transfer pricing.

 

Economics & Banking GK:

 

1. India’s largest private sector bank ICICI Bank has launched country’s first contactless business credit card in association with Jet Airways for small and mid-sized enterprises (SMEs).

 

The card has been christened as the ‘Jet Airways ICICI Bank Business Advantage Card’.

The card is powered by ‘VISA payWave’ contactless technology.

The technology enables cardholder to make payments by simply tapping card at contactless enabled terminals in more than 48 countries including India.

 

Science & Technology:

 

1. Indian Air Force has launched its Electronic Maintenance Management System (e-MMS) Project, an automated military maintenance system.

 

It was inaugurated by the Chief of Air Staff, Air Chief Marshal Arup Raha at the Air Force Station in Pune, Maharashtra.

The e-MMS project is one of the largest Maintenance Repair Overhaul (MRO) IT implementation in the world.

The project has been designed and developed by the Indian IT giant Wipro.

IAF had signed the contract for the project e-MMS with Wipro as a System Integrator (SI) in 2013.

 

2. The Union Railways Ministry has decided to constitute two Directorates viz. Mobility Directorate (MD) and Non-Fare Revenue Directorate (NFRD).

 

They will be established for creation of cross functional directorates to focus on different areas in line with the Railway Minister’s budget speech.

Mobility Directorate will be constituted to focus on areas like speed enhancement.

Non-Fare Revenue Directorate will be constituted to focus on areas for enhancing revenues by 10% to 20% from Non-Tariff sources.

 

 

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