1. Tamil Nadu chief minister O Panneerselvam resigned as he submitted his resignation to Governor K Rosiah, making way for AIADMK chief J Jayalalithaa to come back as Chief Minister of Tamil Nadu. All 151 MLAs of the party unanimously re-elected Jayalalithaa as the legislature party leader, paving the way for her to become the state chief minister for the fifth time. She is expected to be sworn in on 23rd May.
2. SS Ahluwalia has been appointed as the chairman of Joint Parliamentary Committee (JPC) on the Right to Fair Compensation and Transparency in Land Acquisition Rehabilitation and Resettlement (LARR) (Amendment) Bill, 2015. The committee has 20 members from the Lok Sabha and 10 members from the Rajya Sabha.
3. The finance ministry has constituted a panel, headed by chairman of the Law Commission of India A P Shah, to look into the applicability of Minimum Alternate Tax (MAT) on foreign institutional investors (FIIs) before April 2015. The panel comprises of three members including one Chairman. Other two members are Ashok Lahiri, former chief economic advisor and Girish Ahuja, former associate professor of commerce at Shri Ram College of Commerce, University of Delhi.
4. Draupadi Murmu was sworn in as the first woman Governor of Jharkhand. Also she became the ninth Governor of Jharkhand. She succeeded Syed Ahmed who was recently appointed as Governor of Manipur.
5. The Climate Group announced that Infosys, India’s leading Information Technology Company, has become the first Indian company to join RE100, a global platform for major companies committed to 100% renewable power. As part of its commitment to RE100, Infosys aims to become carbon neutral by 2018.
6. Famous economist, academic and policy advisor, Mrinal Datta Chaudhuri passed away in Pune. He was 81. He was suffering from chronic obstructive pulmonary disease (COPD).
1. As per the officials of AIIB, China will be the largest shareholder with a 30.85% in the newly initiative Asia Infrastructure Investment Bank (AIIB), followed by India and Russia. India will have 10.4% stake.
A total of 57 countries have joined AIIB as founding members, including 37 from Asia, which is set to mainly finance major infrastructure projects in Asia.
2. An Indian American professor at Yale University, Akhil Reed Amar was nominated by President Barack Obama to the National Council on the Humanities, a key administration post. He has been a professor at both Yale Law School and Yale College since 1985 and has held various professorships, including Southmayd Professor from 1993 to 2008, professor from 1990 to 1993, associate professor from 1988 to 1990, and assistant professor from 1985 to 1988.
Daily Practice Quiz – 22 May 2015
|9141||After how many years Finance Commission is appointed?|
|A) 3 years|
|B) 4 years|
|C) 5 years|
|D) 6 years|
|9142||For which of the following commodities , the Dutch wanted to barter cotton piece goods in the Indonesian Archipelago?|
|C) Pepper and Spices|
1. Finance Minister Arun Jaitley has notified that higher service tax of 14% which was proposed in the budget speech this year will be effective from 1st June this year which will be inclusive of an education cess. Currently, the basic service tax rate is 12% and education cess is levied at the rate of 3% of the basis tax, which takes the total service tax rate to 12.36%. Service tax is levied on all services except those in the negative list.
2. Sixth edition of National Conference on Nuclear Energy was held in New Delhi with the theme of “Nuclear Energy: a Clean Energy option.” It was organized by Associated Chambers of Commerce and Industry of India (ASSOCHAM), which is one of the apex trade associations of India.
3. Minister of Health & Family Welfare, Jagat Prakash Nadda, will join as President of the 68th Session of the World Health Assembly (WHA) at Geneva as India assumes the Presidency of the WHA, the high decision making body of the World Health Organisation (WHO). India assumed the presidency position after a long gap of 19 years.
4. Draupadi Murmu was sworn in as the first woman Governor of Jharkhand. She succeeds Syed Ahmed, who was transferred as Manipur Governor.
5. M J Joseph has been appointed as the Controller General of Accounts (CGA) by Union Ministry of Finance. He suceeds Jawahar Thakur. Before this appointment, he was Director General (DG) of the Bureau of Indian Standards (BIS).
CGA is the principal Accounts Adviser to the Union Government. He is responsible for maintaining and establishing a technically sound management accounting system.
6. Reliance Industries (RIL) owned Telecom Company Reliance Jio Infocomm has signed a pact with Chinese firm Huawei for sourcing various 4G devices including smartphones, tablets and Wifi dongles. Reliance Jio Infocomm plans to launch 4G service in around 5,000 towns and cities this year.
1. David Arthur Granger was sworn in as the 8th President of Guyana after the Guyana Elections Commission Chairman Dr. Steve Surujbally formally announced that his Coalition party had won the 2015 General and Regional Elections.
2. Australia wicketkeeper Brad Haddin has announced his retirement from ODI cricket just a day before leaving for Test tours of the West Indies and England. After winning the World Cup final match against New Zealand in Melbourne, he announced that he would not play in any One Day match in March.
Haddin played 126 ODIs and scored 3122 runs at an average of 31.53 with two centuries and 16 fifties. He also had 170 catches and 11 stumpings, the third-most dismissals for an Australia Wicket keeper after Adam Gilchrist and Ian Healy.
Daily Practice Quiz – 19 May 2015
|9136||Which among the following was the first state in India to constitute an institution of Lokayukta?|
|9137||Which among the following is legacy / legacies of British Rule in India?|
|A) Creation of Indian Civil Services|
|B) Secretarial System|
|C) Local Self Government|
|D) All of above|
Daily Practice Quiz – 18 May 2015
|9131||Where are the secretariat of International Chamber of Commerce?|
|D) New York|
|9132||Against the menace of which of the following diseases ‘Yellow Ribbon Campaign’ has been launched in several states in India?|
|B) Swine Flu|
|D) Small Pox|
1. India’s overall inflation, measured by Wholesale price index dropped to a new low of (-) 2.65% in April due to drop in prices of fuel and manufactured items. India’s overall inflation has been in negative zone since November 2014. It was 5.55% in April last year.
The manufactured products segment witnessed deflation for the second consecutive month as prices dropped to a record low of (-) 0.52% in April. Inflation in food articles category stood at 5.73% in April compared to 6.31% in March while inflation in fuel and power segment stood at (-) 13.03% in April.
2. The Central Government was able to restrict the fiscal deficit to 4% during financial year 2014-15, which is much lower than the revised estimate announced in the budget. The fiscal deficit at the end of 2014-15, stood at Rs. 5,01,880 crore which is 98% of the projected figure in revised estimates of 2014-15. Also this is much lower compared to 4.4 fiscal deficit witnessed in the previous financial year of 2013-14.
3. Prime Minister Narendra Modi announced to grant of e-visa (electronic visa also called visa on arrival) facility to the Chinese nationals in Beijing even as he urged China to “reconsider its approach” to issues that have long strained ties and complicated business between the two Asian giants.
India and China also signed 24 deals worth of more than USD 10 billion, including MOUs in the area of skill development, railways, establishing sister relations between cities of the two countries among others.
4. Arun Shrivastava has been appointed as the new Managing Director and CEO of Syndicate Bank. He assumed charge of the bank. Earlier he was Executive Director of Bank of India, looking after Corporate Finance, Strategy & Planning, Publicity and Public Relations portfolios of the bank.
5. Senior journalist and Editor-in-Chief of News – 24 Channel, Anurradha Prasad has been awarded with Pt. Haridutt Sharma Award for her contribution in the field of Journalism, Writing and Social Services. The award was named after Pt. Haridutt Sharma, a renowned journalist and eminent writer.
6. Gagan Narang won the bronze medal in the 50m Rifle Prone Event of the ISSF World Cup at Fort Benning in USA. With this win, he earned himself a quota place for the 2016 Rio Olympics. He shot 185.8 overall to secure third place behind gold medalist Michael McPhail (208.8 points) of USA and Ole Kristian Bryhn (206.3) of Norway. He also won the bronze in 10m Rifle at the London Olympics.
1. An Egyptian court has sentenced Egypt’s ousted President Mohammed Morsy to death along with 20 others. He is already serving a 20-year sentence following his conviction in April this year on charges linked to the killing of protesters outside a Cairo presidential palace in December 2012.
Daily Practice Quiz – 17 May 2015
|9126||Who among the following served as India’s first Test Captain?|
|A) Nawab of Pataudi Senior|
|B) Nawab Mansoor Ali Khan|
|C) C. K. Nayudu|
|D) Lala Amarnath|
|9127||During which of the following period the Bharat Ratna awards were discontinued?|