Daily Current Affairs 6th May, 2017

 Daily Current Affairs 6th May, 2017


NATIONAL

Assam declared as ‘Disturbed’ Area Under AFSPA for 3 More Months

  • The government has declared the entire Assam as a “disturbed” area under the Armed Forces (Special Powers) Act for another 3 months.
  • As per the notification, the entire Assam besides bordering areas of Meghalaya has been declared as “Disturbed Areas”. In addition, the government has placed three districts of Arunachal Pradesh, namely, Tirap, Changlang and Longding and other areas falling under 16 police stations bordering Assam as “disturbed” area under the AFSPA.
  • The government has cited various violent activities carried out by certain insurgent groups like ULFA, NDFB and others as a reason behind the extension of AFSPA. In Assam, 75 incidents of violence have been reported in 2016 and 9 in 2017.
  • The Assam has been placed under AFSPA since November 1990.
  • The AFSPA has been under force in the three Arunachal Pradesh districts since January 2016. AFSPA Armed Forces (Special Powers) Acts is collective name of several acts passed by Indian parliament for providing special powers to the Indian Armed Forces and to provide army officers and jawans legal immunity for their actions in disturbed areas.
  • Governor of the State and Central Government are empowered to declare any part or full of any state as disturbed area if it is in their opinion that it is necessary to prevent terrorist activity or any such activity that might disrupt the sovereignty of India or cause insult to the national flag, anthem or India’s Constitution. Section 4 of the act gives special powers to army officers in disturbed area to shoot (even if it kills) any individual who violates law / or is suspected of violating law (this includes assembly of five or more people, carrying of weapons) etc.
  • The only condition is that the officer has to give warning before opening fire.

ECONOMY,BANKING AND FINANCE

President’s nod for law on RBI taking action against loan defaulters

  • President Pranab Mukherjee has approved an ordinance with amendments to the Banking Regulation Act, 1949, allowing the Reserve Bank of India to take timely action against loan defaulters. This comes after the Union cabinet recently approved the proposal to amend Section 35 of the BR Act and sent the ordinance for the President’s approval.
  • The government may authorise the Reserve Bank of India (RBI) to issue directions to banks to initiate insolvency proceedings against defaulters under the bankruptcy code.
  • RBI on its own accord can issue directions to banks for resolution of stressed assets.
  • RBI may form committees with members it can choose to appoint to advise banks on resolution of stressed assets.
  • Earlier banks couldn’t invoke the insolvency and bankruptcy code due to fear of being questioned. Now with RBI directing banks to initiate insolvency this will be a transparent and market-determined approach.
  • Besides, banks that were part of a consortium found it difficult to trigger bankruptcy proceedings. This ordinance attempts to solve that problem.

GOVT SCHEME

Haryana govt to offer meals at subsidized rates for workers

  • The Haryana government has decided to open canteens offering meals at subsidized rates to registered construction workers under the “Antyodaya Anna Yojana” at 23 locations in the state. Besides, mobile food vans would be started at 23 convenient sites with a large number of workers.

AWARDS & HONOURS

Kashmir based Saqib Majeed has bagged 2016 Wisden-MCC Cricket ‘Photograph of the Year’ Award

  • Kashmir based freelance photographer has bagged prestigious 2016 Wisden-MCC (Melbourne Cricket Council) Cricket ‘Photograph of the Year’ for capturing a stunning image of boys playing cricket at the Nishat garden in the outskirts of Srinagar.
  • With this Saqib Majeed has become the first Kashmiri and second Asian after Atul Kamble to receive the prestigious award. Saqib Majeed is an engineer by profession.
  • Every year MCC publishes a book with a title ‘Wisden Cricketer Almanack’ that includes best sports pictures that were taken across the globe. This year’s edition of the book will also feature Majeed’s picture.

Indian Origin Scientists Elected Fellows of UK Royal Society

  • Three Indian Scientist have been elected as the Fellows of The Royal Society, a premier scientific academy of the United Kingdom and the Commonwealth, for their “outstanding contributions to science“.
  • Eminent scientists, engineers and technologists from or living and working in the UK and the Commonwealth are elected every year as the Fellows of The Royal Society.
  • Krishna Chatterjee from Cambridge University has been recognised for his discoveries of genetic disorders of thyroid gland formation, regulation of hormone synthesis and hormone action. He was responsible for the development of Clinical Research Facilities at the University of Cambridge.
  • Subhash Khot from New York University is a theoretical computer scientist who is known for his definition of the “Unique Games” problem. He has been credited for throwing insight into unresolved problems in the field of computational complexity.
  • Yadvinder Malhi from Oxford University is an ecosystem ecologist who is recognised for his works on understanding the functioning of terrestrial ecosystems and its response to the pressures of global change, including climate change, degradation and loss of large animals.

OBITUARY

Justice Leila Seth: First Woman Chief Justice of a State High Court Passed Away

  • Justice Leila Seth who became the first woman Chief Justice of a State High Court has passed away at the age of 86.
  • She has also received the distinction of becoming the first woman to top the London Bar exam as well as the becoming the first female judge of the Delhi High Court.
  • Leila Seth is the mother of the noted author Vikram Seth.

APPOINTMENT

Cabinet committee approves seven top-level changes in various banks

  • The Appointments Committee of the Cabinet has approved seven top-level changes in various public sector banks.
  • Usha Ananthasubramanian, MD, and CEO, Punjab National Bank, has been appointed as MD & CEO of Allahabad Bank.
  • Sunil Mehta, Executive Director, Corporation Bank, has been appointed as MD & CEO of Punjab National Bank.
  • The committee has also approved the appointment of Dinabandhu Mohapatra, Executive Director at Canara Bank, as MD and CEO of Bank of India.
  • G Rajkiran Rai, Executive Director at Oriental Bank of Commerce, has been appointed MD & CEO of Union Bank of India, for a period of three years with effect from July 1.
  • R Subramaniakumar, Executive Director, Indian Overseas Bank, has been elevated as MD & CEO of the bank.
  • RA Sankara Narayanan, ED, Bank of India, has been appointed MD & CEO of Vijaya Bank with effect from September 1.
  • MO Rego, MD & CEO of Bank of India, has been appointed MD & CEO of Syndicate Bank with immediate effect.

 

 

 

 

 

 

 

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