Current Affairs India - 10 May 2016

1. The Loksabha has passed the Anti-Hijacking Bill, 2014 which aims to modify the old Anti-Hijacking Act, 1982. As per the bill, even if the ground handling staff and airport personnel are killed during hijacking, the hijackers will be given death penalty.

The Bill defines hijacking as seizing control of an aircraft in service, unlawfully and intentionally, by coercion, technological means or by exercising force or any other form of intimidation. It covers several acts within the definition of hijacking. It includes (i) attempt and abetment of hijacking (ii) organizing or directing others to commit hijacking and (iii) making a credible threat to commit hijacking.

2. The Union Government has launched nine projects initiatives for rural sanitation initiatives for conservation of river Ganga in Jharkhand which was launched by Union Minister for Water Resources, River Development Uma Bharti under Namami Gange Programme. Under this initiatives, villages located on the entire 83 Km. stretch of Ganga River in Jharkhand will be covered to improve the health and quality of life.

3. Singapore's National Research Foundation granted Dr. Manavendra K Singh a grant of SGD 3 million for research in the field of congenital and adult cardiovascular diseases. Dr. Manvendra Singh works at Duke-NUS Medical School, Singapore as an assistant professor in the cardiovascular and metabolic disorders programme.

4. Atma Ram Nadkarni, a senior Judge of Bombay High Court has been appointed as Additional Solicitor General (ASG) in the Supreme Court for 3 years by The Appointments Committee of the Cabinet. An Additional Solicitor General acts as law officer to advise the Central government on various legal matters. Solicitor General and Additional Solicitor General-s assist the government's top legal adviser Attorney General.

5. Mrugank Paranjape took charge as MD and CEO of Multi Commodity Exchange (MCX), India-s largest commodity exchange, for 3 years. The post was lying vacant for past two years. Before that, He was working with Deutsche Bank for 14 years as Asia Pacific Head of Trust & Securities Services/Cash Management for Financial Institutions. 

6. The Department of Industrial Policy & Promotion (DIPP) under Union Ministry of Commerce & Industry has approved 100% FDI in asset reconstruction companies (ARCs) under the automatic route from the current FDI limit of 49%. Under the new rule, FII/FPIs have also been permitted to invest up to 100% of each tranche in security receipts issued by ARCs, subject to RBI directions/guidelines.

7. Shashank Manohar has stepped down as BCCI president in order to contest election for ICC Chairman role. He was appointed as BCCI President last year after death of former BCCI President Jagmohan Dalmiya. Recently ICC passed a rule that ICC's chairman should be of independent nature and can't act in dual role which makes him resign from the BCCI Post.