Daily Current Affairs- 22 May 2016

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Daily Current Affairs- 22 May 2016

1. Anurag Thakur elected BCCI president
1. Anurag Thakur was elected the president of the Board of Control for Cricket in India (BCCI) during its Special General Meeting (SGM) on Sunday. Mr. Thakur’s elevation from the secretary’s to the president’s post had been virtually sealed earlier in the week. The BCCI chief’s position had to be filled following Shashank Manohar’s resignation on May 10, a day before he was appointed the International Cricket Council’s independent chairman.
2. Shirke returns as a BCCI office-bearer after three years. He was elected as Board secretary. The former treasurer had resigned from his post in May 2013, protesting the manner in which N. Srinivasan’s regime had handled the IPL corruption scandal in the aftermath of the arrest of Gurunath Meiyappan, a Chennai Super Kings official and Srinivasan’s son-in-law.

2. Himachal Pradesh launches artificial propagation programme of mahseer fish for conservation
1. Himachal Pradesh fisheries department has started an artificial propagation programme for rehabilitation and conservation of Golden Mahseer fish. Under this programme, a hatchery has been set up in the state with an outlay of Rs 6 crore to rear mahseer fish and release its fingerlings into the wild.
2. The population of the golden mahseer has seen decline in recent times in rivers of Himachal Pradesh as they are hunted for sport and food. It also has declined due to various reasons such as construction of dams, barrages, indiscriminate fishing of juvenile and brood fish, pollution, introduction of exotic species and habitat deterioration.

3. SEBI tightens P-note norms to keep vigil on foreign investments to curb black money inflow

1. The market regulator Securities and Exchange Board of India (SEBI) has tightened the Participatory Notes (P-note) norms. The main purpose of this decision is to keep vigil on foreign investments to curb black money inflows in the country. 
2. In this regard, SEBI has introduced Know Your Client (KYC) compliance for holders of these instruments in order to bring them on a par with domestic investors. SEBI also has sought information on the ultimate beneficiaries of these products.

4. Union Government 11 member panel to relook Defence Spend

1. Union Government has constituted 11 members committee to recommend measures to enhance the combat capabilities of the armed forces and re-balance the overall defence expenditure. The 11-member committee will be headed by Lt Gen D B Shekatkar (retd).
2. It also includes several other top military officers as well as civilian experts. The overall aim of the committee is to ensure combat capabilities Indian armed forces and enhance their potential with a better teeth-to-tail combat ratio, within budgetary constraints. It also aims at ensuring leaner and cost-effective fighting forces of India.