Current Affairs India - 11 May 2015

1. National Technology Day is observed today (11th May) across the nation. It has been observed on the same fday every year since 1999.

The first, indigenous aircraft "Hansa-3" was test flown at Bangalore on this day and India performed successful test firing of the Trishul missile on the same day. India also executed three successful nuclear tests, carried out at Pokhran, in Rajasthan May 11.

2. The Karnataka High Court acquitted AIADMK chief Jayalalithaa in the 19-year-old disproportionate assets case. While acquitting, the Court concluded that the percentage of assets amassed by her in relation to her known sources of income was merely 8.12% in excess and not as claimed by the prosecution.

Post this, she will return as the Chief Minister of Tamil Nadu again which she had to leave after being convicted in the DA case by a lower session court.

3. Bollywood actor Shashi Kapoor was awarded with the prestigious Dada Saheb Phalke Award 2014  by Union Information and Broadcasting Minister Arun Jaitley at a special function held in Prithvi Theatre in Mumbai. With this, he became the 46th film personality to receive this honour and third member of his famous Kapoor family after father Prithviraj Kapoor (1972- Posthumously) and elder brother Raj Kapoor (1987). 

4. The central government has launched a dedicated e-commerce Centre in New Delhi to cater the e-commerce business enterprises which was inaugurated by Communication and IT Minister Ravi Shankar Prasad.

5. ICICI Bank's non-executive chairman KV Kamath has been appointed as the first President of the New Development Bank of BRICS nations. The New Development Bank (NDB) is a proposed multilateral development bank operated by the BRICS nations (Brazil, Russia, India, China and South Africa) as an alternative to the existing set up of World Bank and International Monetary Fund.

The New Development Bank headquarter will be in Shanghai, China. The Bank will have a rotating chair and its first President will be from India.

6. K Satish Reddy, Chairman of Dr Reddy's Laboratories Ltd, has been appointed as the new chairman of the National Safety Council (NSC). He replaced Venu Srinivasan.

The NSC is the apex body set up by the Ministry of Labour and Employment, to generate, develop and sustain a voluntary movement on safety, health and environment at the national level.