Daily Current Affairs- 11 May 2016

Dear Readers, we are providing  Today's important current affairs of Competitive Exams specially for Bank and SSC.

> Current Affairs of May 2016
Current Affairs- 10th May 2016 

Daily Current Affairs- 11May 2016

1. Harish Rawat led Congress Government wins the Floor Test in Uttarakhand Assembly
Harish Rawat CM
1. Harish Rawat-led Congress Government has won the floor test in the state legislative assembly conducted on 10 May 2016 on the order of the Supreme Court. In the floor test Harish Rawat Government recieved 33 votes against 28 votes out of 61 qualified members who voted in the assembly. 
2. Based on this, the apex court has allowed Mr Rawat to assume office as Chief Minister after President’s rule is revoked in the state. After the mandate of floor test in Uttarakhand Assembly, the Union Cabinet has taken decision to revoke President Rule in Uttarakhand.

2. May 11: National Technology Day
1. National Technology Day is being observed across India on May 11 to glorify the importance of science in day-to-day life and motivate students to adopt science as a career option. 2016 2. Theme: ‘Technology enablers of Startup India’. Several events are organized in various engineering colleges and technical institutes to mark the occasion.

3. NASA’s Kepler telescope finds largest trove of exoplanets

1. NASA’s unmanned Kepler space observatory has discovered the largest trove of exoplanets outside our solar system. So far, it has discovered total of 1,284 exoplanets and it is more than double the number of known exoplanets found with the Kepler space telescope. Of the new trove of 1,284 exoplanets nearly 550 are said to be rocky planets like Earth, based on their size. The new discovery has given hope that eventually another Earth can be discovered. 
2. So far NASA has discovered nearly 5,000 total planet candidates, of them more than 3,200 have been verified and 2,325 of these were discovered by Kepler.

4. RBI to issue 1000 Rupees Banknotes with inset letter 'R'
1. The Reserve Bank of India (RBI) announced that it will shortly issue 1000 rupees denomination banknotes in the Mahatma Gandhi Series – 2005 with the inset letter 'R' in both the number panels.
2. The banknotes will also have on the obverse, all the other security features, including ascending size of numerals, bleed lines and enlarged identification mark
• It will carry the signature of Dr. Raghuram G. Rajan, Governor, Reserve Bank of India on the obverse.

5. Social fridges scheme of Europe adopted by Argentina as poverty rises
1. The term ‘Social Fridge’ was in news in the second week of May 2016 with Argentina adopting it to feed the needy ones who are facing the hardship due to increase in job cuts and inflation in the country.
2. The genesis of ‘social fridge’ or ‘solidarity fridge’ lies in the recent economic crisis of Europe during which countries like Spain and Germany saw the mushrooming of such fridges.
It is called so because people leave food in outdoor "social fridges" for those who need it. The fridges typically stand on the sidewalk outside restaurants.

6. MP Tourism wins Best Indian Destination for Wildlife Award

1. Madhya Pradesh Tourism (MPT) received the Best Indian Destination for Wildlife Award. The award was presented by the Lonely Planet Group. 
2. Actress Amy Jackson presented the award to MPT at a function held in Mumbai.
3. On behalf of MPT Chairman, his Officer on Special Duty (OSD), Vinod Kumar Amar received the award.

7. Indian Navy launches underwater Harbour Defence Systems in Visakhapatnam

1. Indian Navy has launched the state-of-the-art Harbour Defence Systems, viz. Integrated Underwater Harbour Defence and Surveillance System (IUHDSS) in Visakhapatnam, Andhra Pradesh. Besides, Mine Warfare Data Centre (MWDC) was also launched. 
2. IUHDSS and MWDC systems seek to enhance the Indian Navy’s surveillance capability and response to security threats at the Naval Dockyard in Visakhapatnam.

8. Rodrigo Duterte wins 2016 Philippines Presidential Election

1. Anti-crime candidate and mayor of Davao City, Rodrigo Duterte has won the 2016 presidential election of the Philippines by a landslide victory. He will become the 16th President-elect of Philippines. 
2. In the Presidential election held on 9 May 2016, Rodrigo Duterte secured 39% (15.36 million) of the votes. He was followed by Mar Roxas 23% (9.27 million) votes and his closest rival Grace Poe with 22% (8.6 million) votes.

9. Jaitley introduces amendments to fast track loan recovery

1. Moving ahead to address the ₹ 8 lakh crore of stressed assets of banks, Finance Minister Arun Jaitley  introduced amendments to the Enforcement of Security Interest and Recovery of Debt Laws and Miscellaneous Provisions (Amendment) Bill, 2016 in Lok Sabha.
2. The Bill seeks to further amend the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (Sarfaesi) Act, 2002, the Recovery of Debts due to Banks and Financial Institutions Act, 1993, the Indian Stamp Act, 1899 and the Depositories Act, 1996.
3. It is expected to help expedite recovery of debt by lenders.
4. Jaitley had in the Union Budget 2016-17 proposed to amend the Sarfaesi Act to enable the sponsor of an ARC to hold up to 100 per cent stake in the ARC and permit non-institutional investors to invest in Securitisation Receipts.
5. The Bill has been referred to the Joint Committee of both Houses of Parliament. The Committee will consist of 30 members - 20 from Lok Sabha and 10 from Rajya Sabha