Current Affairs 27 May 2015

Last Updated: Tue, Jun 02, 2015 15:27 hrs
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Following are May 27th 2015 Current Affairs 
Indian Affairs
NASSCOM Launches Cyber Security Task Force
  • Software lobby National Software and Services Company( Nasscom ) along with Date Security Council of India( DSCI ) formed a new body called Cyber Security Task Force led by NIIT Ltd chairman Rajendra Pawar which will study cyber security threats, recommend how to tackle them and explore ways to create opportunities out of them.
  • The Nasscom Cyber Security Task Force will also script a blueprint to make India a hub for cyber security solutions, develop cyber security research and development and create a pool of cyber security experts.
  • The taskforce will help grow the local cyber security industry from its 1% share of the overall information technology-business process management (BPM) market to 10% by 2025.
Manabi Banerjee- India's first transgender college principal

  • According to Mr Dipak K Kar, Chairman of an educational panel that selects principals of colleges in state,India for the first time had appointed a transgender as principal of a college and is expected to join the duty on 6th June 2015. Manabi Banerjee would be heading Krishnanagar Women College in West Bengal.
  • Manabi Banerjee had been teaching in the college for more than 20 years and has the much needed administrative experience.
  • Last year Supreme Court had announced transgender as legal third gender, granting them rights to education employment and other health benefits.

Delhi High Court gives nod to Greenpeace India to operate two of its domestic accounts
  • Delhi high court has allowed NGO Greenpeace India to operate two of its domestic accounts to accept domestic contributions required for its day to day maintenance.
  • The bench led by Rajiv Shakder decided this in a plea of Greenpeace India against the central government, to free is international and national bank accounts, which were blocked as per a home ministry directive.
  • It also empowered the NGO to encash its FDs.

International Affairs

Four Indians among Forbes world's 100 most powerful women
  • In the 12th Forbes annual list of world's 100 most popular women, four Indians have been named, in the list topped by German Chancellor Angela Merkel.
  • Arundhati Bhattacharya: First woman (and youngest) Chairperson of State Bank of India (SBI) was placed at 30th position.
  • Chanda Kochhar: Managing Director (MD) and CEO of India's largest private sector lender ICICI Bank was placed at 35th position.
  • Kiran Mazumdar-Shaw: Founder, Chairman and MD of Biocon Limited was placed at 85th position.
  • Shobhana Bhartia: Chairperson and Editorial Director of the Hindustan Times Group was placed at 93rd position. It should be noted she has appeared on the list for the first time.
  • Top ten includes US Presidential hopeful Hilary Clinton 2, philanthropist Melinda Gates at 3,Federal Reserve Chair Jannet Yellen at 4, GM CEO Mary Barra at 5, IMF Chief Christine Lagarde at 6, Brazilian President Dilma Rousseff at 7,Facebook COO  Sheryl Sandberg at 8,You Tube CEO Susan Wojcicki at 9 and USA First lady Michella Obama at 10.

Country singer Taylor Swift youngest entry in Forbes most powerful women list 2015
  • Taylor Swift, 25, debuted at number 65 in the Forbes most powerful women list, becoming the youngest entrant.
  • She is a seven time Grammy Award winner, having sold over 40 million albums and over 100 million solo downloads worldwide, making her one of the best selling artists ever.
  • Next youngest lister was founder and CEO of blood testing company- Therox, Elizabeth Holmes- no. 72, who is also the world's youngest female self-made billionaire
  • Only 12 Europeans, 3 Africans, 4 Middle Easterns, 4 Latin Americans and 18 Asia Pacific women featured in the list, being published by Forbes magazine since 2004, dominated by politicians, activists and business women round the world.
  • This year's list was also topped by German Chancellor - Angela Merkel.

German city evacuates 20,000 people to defuse WWII bomb
  • German authorities evacuated around 20,000 people from their homes in the western city of Cologne on Wednesday after a World War II bomb was unearthed during construction work.
  • The unexploded US-made device, which lay five metres underground and was discovered on Friday, was set to be defused later in the day.
  • India Vietnam joint vision statement on defence cooperation
  • India and Vietnam signed a Joint Vision Statement on defence cooperation for 2015-2020. The statement was signed by the Defence Minister Manohar Parrikar and his Vietnamese counterpart during the delegation level talks in New Delhi.
  • A MoU on cooperation between the coast guards of the two countries was also signed. These were signed during the Vietnamese Defence Minister's 3-day official visit to India at the invitation of Mr Parrikar.
Banking & Finance

Sebi settles charges of fraudulent trading against two individuals
  • Market regulator Sebi has settled charges of fraudulent trading against two individuals after they paid a total of around Rs 20 lakh in settlement fee.
  • The two individuals have violated PFTUP (Prohibition of Fraudulent and Unfair Trade Practices) regulation in the matter of Arihant Foundations & Housing Ltd.
  • Laxmi M Chaturvedi paid over Rs 17.87 lakh while Manoharlal Chaturvedi made a payment of Rs 2 lakh towards settlement charges.

ANZ Bank to open 2 India branches by early 2016

ANZ Bank will open two more branches in India by early next year.
  • The two branches would be opened at Gurgaon and Bangalore, ANZ Executive Director (International banking) Subhash DeGamia said. The bank opened its first branch in India at Mumbai four years ago.
  • In June 2014, Australia New Zealand Banking Group (ANZ) said it received in-principle approval from the Reserve Bank of India to open new branches in Gurgaon and in outer Bengalore.
  • Its Mumbai branch offers Indian Rupee and foreign currency services, working capital and term financing, transaction banking, global markets, deposits and advisory services.

In addition, ANZ's Bangalore-based operations and technology shared

IRDA slaps 65 lakh INR fine on India First Life Insurance
  • The Insurance Regulatory and Development Authority of India (IRDAI) has imposed 65 lakh INR penalty on India First Life insurance company for 48 charges such as violation of norms related to payment of commissions and reporting of expenses pertaining to corporate agents.
  • They also included wrongful involvement of business development managers on behalf of corporate agents, running sales campaigns for the employees of corporate agents, offering incentives such as foreign trips, gift cards and online redemption points and faulty reporting of expenses and file and use procedures, among others.
  • IRDAI Chairman- T S Vijayan, Head - Governance and Company Secretary, IndiaFirst Life Insurance - Viswanarayan .


Oxford University award given to Indian-origin teacher
  • An Indian-origin teacher has been honoured by prestigious Oxford University for helping a student to get into world famous university. "University of Oxford Inspirational Teacher Award'' was given to Indian-origin Gurnimrat 'Nimmy' Sidhu, head of Sciences at Oaks Park High School.
  • The award was set up to encourage more state-funded schools to connect with the university.
  • Sidhu got the award in Oxford last week along with 11 others who were also nominated by their students.


P&G appoints new MD and CEO
  • Procter and Gamble has appointed- Al Rajwani as the new MD & CEO. He will replace Shantanu Khosla, with affect from June 30, who has served P&G for 13 years.
  • Rajwani is a US citizen of Indian origin, who has been working for P&G in a variety of product supply, marketing, and management positions in the US, Canada, China, Korea and Arabic peninsula for more than 34 years.
  • Before his role as VP/GM India, he was VP Arabic peninsula and Pakistan operations, where the growth rate has been double digit and he is also credited for making P&G one of the leading FMCG companies in the Middle East.

Science & Technology

NRI scientist creates first single-molecule device
  • Indian-American Scientist Latha Venkatraman and her team of Columbia Engineering researchers have created single-molecule of electronic device that has potential of real world technological applications for nanoscale devices.Following are May 28th 2015 Current Affairs 
  • Single-molecule diode that performs 50 times better than other designs have been developed by the researchers under the guidance of Latha.

World's first artificial molecular pump developed
  • Fraser Stoddart and his co-workers at Northwestern University have developed first man-made molecular pump capable of transporting key proteins to cells for functioning of it and can be used to power artificial muscles. New machine imitates the pumping mechanism of life sustaining proteins.
  • Proteins help in movement of small molecules around living cells to metabolise and store energy from food.
  • Energy that is stored in the pump will provide power to other artificial muscles and other molecular machines.
  • The chemical reactions give power to artificial pump and molecules are   driven step by step from low energy to high energy state by this power.


2,000-year-old aqueduct unearthed in Israel
  • An ancient aqueduct dating back 2,000 years ago was unearthed near Har Homa in East Jerusalem city of Israel.
  • The discovered lower aqueduct was used in ancient times to transport water into the city of Jerusalem


Kapil Dev launches golf team for Louis Philippe cup
  • Former India cricket captain Kapil Dev, a keen golf enthusiast and an amateur player, has floated his team in the upcoming Louis Philippe cup with top-ranked players like Siddikur and Om Prakash Chouhan part of his outfit, Dev-Ellora Pune.
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