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> Current Affairs Booster of May 2016
Daily Current Affairs- 22 June 2016
1. ISRO launches 20 satellites in one go
1. Setting a record in its space programme, India today successfully launched 20 satellites, including its earth observation Cartosat-2 series, in a single mission on board ISRO’s workhorse PSLV-C34 from the spaceport.
2. In a precision launch, PSLV-C34 took off from the second launch pad of Satish Dhawan Space Centre here, about 110 km from Chennai at 9.26 am and placed the Cartosat-2 Series and 19 others in the designated polar Sun Synchronous Orbit (SSO) about 30 minutes later in clear skies.
3. The 727.5 kg Cartosat-2 series satellite will provide regular remote sensing services with its panchromatic and multispectral cameras and its imagery will be of multiple use.
4. Of the 19 satellites, 12 are earth imaging “Dove satellites” of the US and another American satellite. The rest are from Canada (two) and one each from Germany and Indonesia.
5. Two academic satellites are from Sathyabama University (Sathyabamasat) in Chennai and from the College of Engineering (Swayam) at Pune.
2. Maharashtra Government grants minority status to Jews
1. Maharashtra Government has accorded minority status to Jews in the state as per the provisions of the Maharashtra State Minorities Commission Act, 2004. Decision in this regard was taken at the state cabinet meeting chaired by Chief Minister Devendra Fadnavis in Mumbai. With this, Maharashtra becomes second state in the country to accord minority status to Jews after West Bengal.
2. As per the 2001 population census, there are 4,650 Jews in the country of whom 2,466 are based in Maharashtra. With minority status, the Jews in the state can be counted independently as a religious minority along with Muslims, Christians, Buddhists, Sikhs, Parsis and Jains.
3. India ranks 10th in FDI inflows: UNCTAD report
1. As per the recently released 2016 World Investment Report, India ranks 10th in FDI (Foreign Direct Investment) inflows. As per the report, India’s FDI inflows have increased to 44 billion dollars in 2015 as compared to 35 billion dollars in 2014.
2. Top 10 Countries are: United States, Hong Kong, China, Ireland, Netherlands, Switzerland, Singapore, Brazil, Canada and India. United States with 380 billion dollars FDI inflows has topped the list. China with FDI inflows at 136 billion dollars (more than three times India’s FDI) in 2015 was ranked third.
4. Renowned Telangana poet Guda Anjaiah passes away
1. Noted Telangana poet and lyricist Guda Anjaiah passed away following a brief illness at Ragannagudem, Telangana. He was 61. He played a key role in Telangana statehood movement by penning several songs which later found their way into films.
5. Ken Miyauchi to replace Nikesh Arora as SoftBank president
1. Japanese conglomerate SoftBank today said Ken Miyauchi, head of the group’s Japanese telecommunications operations, would replace Nikesh Arora as president and chief operating officer.
2. Yesterday, Arora had abruptly resigned from his position after it became clear that Chairman and CEO Masayoshi Son wanted to continue in his current post for another 5-10 years.
3. Arora, who has been instrumental in SoftBank’s investments in Indian entities like Snapdeal, Ola, Grofers, Housing.com and Oyo Rooms, has said he intends to focus more on Indian start-up ecosystem going forward.
6. Bank of India sells 18% stake in Star Union Dai-ichi Life for ₹540 cr
1. Bank of India (BOI) on Tuesday said it has sold 18 per cent stake in Star Union Dai-ichi Life Insurance Company to joint venture partner Dai-ichi Life Insurance Company (DILIC). Post the stake sale, BoI’s stake will get diluted to 30 per cent while that of Japanese life insurer Dai-ichi Life will go up to 44 per cent, according to the bank’s stock exchange filing.
2. Union Bank of India, the third joint venture partner, continues to hold 26 per cent stake in Star Union Dai-ichi (SUD) Life Insurance Company, which was incorporated as a three-way JV in 2007.
3. BOI, however, did not disclose the sale value in its stock exchange filing. DILIC, in a separate statement, said: “As a result of deliberation to increase the shareholding, following the deregulation of foreign ownership limit which came into effect in March 2015, the company has reached an agreement on purchasing additional 18 per cent stake in SUD from BOI (approximately ₹540 crore), and increasing its ownership in SUD to 44 per cent.”
7. Drugs Amendment Bill withdrawn
1. The Drugs and Cosmetics (Amendment) Bill, pending for almost three years, has been withdrawn by the Cabinet.
2. A senior official in the Ministry of Health and Family Welfare said a number of new products and market segments have to be accounted for by the laws governing the health sector, calling for a new law instead of an amendment.
3. The Government estimates that production of pharmaceutical products in India accounts for over ₹2 lakh crore, out of which over 55 per cent is exported.