1. The Reserve Bank of India (RBI) released the report titled State Finances: A Study of Budgets of 2014-15. The theme of this year’s report is Fiscal Consolidation: Assessment and Medium Term Prospects.
2. Punjab has become the first state in India to issue Soil Health Cards (SHCs), a Union Government initiative to all farmers in the state.
In this regard, every district of state has been assigned mobile soil testing lab. These labs will take soil sample from every farm and issue a digitalised soil health details.
Importance of SHC in Punjab:
* The advent of green revolution in Punjab has made soil testing more necessary in view of over exploitation of soil.
* It will help farmers in maintaining the balanced health structure of the soil and educate them to use right quantity of fertilisers in order to prevent soil from becoming arid.
3. Union Cabinet has given its approval to Benami Transactions (Prohibition) (Amendment) Bill, 2015. The Bill seeks to amend the Benami Transactions (Prohibition) Act, 1988 by adding additional provisions that provides for stringent measures against violators in order to curb and check the generation of black money in the country.
4. Union Cabinet gave its approval to 5% disinvestment in National Thermal Power Corporation Limited (NTPC) and 10% in Indian Oil Corporation (IOC).
1. Sh. Achal Kumar Joti has assumed charge as the new Election Commissioner (EC) of India.
Awards & Recognition:
1. Indian-American professor Sivanadane Mandjiny won University of North Carolina Pembroke’s UNC Board of Governors 2015 Award for Excellence in Teaching. Mandjiny is currently serving as a Chemistry Professor at the University of North Carolina (UNC) in US.
1. Lee Alan Johnson of England was named as the Head Coach of Under-19 football team of India. He was named by the All India Football Federation (AIFF).
Science & Technology:
1. Facebook signed up with nine publishers to launch Instant Articles. Instant Articles will publish articles directly to the social network’s mobile news feeds.
The launch partners for Instant Articles are NBC, The Atlantic, The Guardian, BBC News, Spiegel and Bild. Instant Articles will let stories load more than 10 times faster than standard mobile web articles and will include content from publishers such as the New York Times, BuzzFeed and National Geographic.
1. Eminent Bengali writer Suchitra Bhattacharya passed away on 12th May 2015 following a cardiac arrest in Kolkata, West Bengal. She was one of the most popular and powerful novelists of contemporary Bengali literature.