Current Affairs 5th July 2016

RBI appoints Sudarshan Sen as Executive Director

RBI  has appointed Sudarshan Sen as an Executive Director in place of N S Vishwanathan, who has been elevated as Deputy Governor at the central bank.

Sen will look after Department of Banking Regulation, Department of Co-operative Bank Regulation and Department of Non-Banking Regulation.

About RBI:

• Headquarter of RBI: Mumbai
• Present Governor of RBI: Raghuram Rajan
• RBI control monetary policy of India
• RBI also called 'Bankers Bank'

Important Question for Competitive Exam from this Current Affairs:

1. Who is appointed as Executive Director by RBI in place of N S Vishwanathan: a)Sriti Sing b)Ranjit Kumar Gada c)Sudarshan Sen d)Rajiv Mehta

India to host meet of BRICS anti-narcotics heads

India will host a meeting of the heads of anti-narcotics agencies to discuss issues related to narco-terrorism and money laundering among the member-nations.

The one-day meeting on July 8 will be hosted by Narcotics Control Bureau (NCB) and the agenda of the high-level meeting is expected to revolve around illicit drug trafficking including diversion of precursors and chemicals, usage of new psychoactive substances, maritime drug trafficking, narco terrorism and drug money laundering

About BRICS:

• Next BRICS Summit (8th): Goa (India)
• Chief of New Development Bank of BRICS: K. V. Kamath
• BRICS bloc comprising the five countries account for 42% of the world’s population and a combined GDP of over USD 16 trillion.

Important Question for Competitive Exam from this Current Affairs:

1. Which county will host BRICS anti-narcotics heads: a)India b)South Africa c)Russia d)Brazil

NASA Extends New Horizons Mission

The National Aeronautics and Space Administration (NASA) in the first week of July 2016 gave its approval to the New Horizons mission to investigate a mysterious object deep in the Kuiper Belt.

The mission will explore the mysterious object known as 2014 MU69.

It is expected that the New Horizons will reach 2014 MU69 on 31 December 2018 or 1 January 2019.

About 2014 MU69:

• 2014 MU69 is an ancient object considered one of the early building blocks of the solar system.
• It was selected as New Horizons' target in August 2015.
• After four course changes in October and November 2015, New Horizons is on course toward 2014 MU69.
• 2014 MU69 was initially called PT1 and 1110113Y by the New Horizons and Hubble teams respectively.

Important question for Competitive Exam from this Current Affairs:

1. NASA extended its New Horizons missions to investigate a mysterious object deep in the ____________ belt. a)Kuiper b)Jupiter c)Ring-neck d)None of these

Para swimmer Niranjan Mukundan wins eight medals in IWAS World Games

Bengaluru para swimmer Niranjan Mukundan has won eight medals, including three golds, at the recently-concluded IWAS (International Wheelchair and Amputee Sports) U-23 World Games in Prague, Czech Republic.

He has won the gold medals in the 200m freestyle, 50m butterfly and 50m breaststroke, silver in the 100m fly and 50m freestyle, as also bronze in 100m freestyle, 100m breaststroke, and 100m backstroke events, stated by a release from GoSports Foundation, which is supporting Niranjan through the Para Champions Programme.

About Niranjan Mukundan:

Niranjan, who is born with a medical condition called Spina Bifida and clubbed feet and competes in the S-8 category, also had the honour of delivering the athletes' oath on behalf of 35 competing countries. In last year's edition of the Games, he had created a record for highest number of individual medals, raking in 10 medals in all the events that he participated in.

Important Question for Competitive Exam from this Current Affairs:

1. Which Para swimmer from India won eight medals in IWAS World Games: a)Niranjan Biswas b)Niranjan Mukundan c)Bhupen K. Singh d)Niranjan Pattanaik
2. IWAS U-23 World games was held in: a)Czech Republic b)Poland c)Germany d)China

Javeline thrower Annu Rani sets national record at National Inter-state Athletics Championships

Javeline thrower Annu Rani on 2 July 2016 bettered her national record with a 59.87m throw at the 56th National Inter-State Senior Athletics Championships in Hyderabad.

Rani improved her previous meet mark with her first round 59.06m at G.M.C. Balayogi Stadium. However, her 59.87m throw came in the fourth round.

Important Question for Competitive Exam from this Current Affairs:

1. Annu Rani associated with which sports: a)Boxing b)Badminton c)Javeline thrower d)Hockey

Jawaharlal Nehru Port becomes India’s first port to implement Logistics Data Tagging of Containers

The Union Government has announced that Jawaharlal Nehru Port Trust (JNPT) has become India's first port to implement logistics data tagging of containers to track cargo. The logistics data bank tagging of containers, a first of its kind facility, will help importers and exporters track their goods in transit. In this regards, a RFID (Radio Frequency Identification Tag) tag would be attached to each container which would be tracked through RIFD readers installed at different locations. It will integrate the information available with various agencies across the supply chain to provide detailed real-time information within a single window.

The government claims that this is an important ‘ease of doing business’ initiative focused towards document, time and cost reduction for the benefit of trade. This would help in reducing the overall lead time of the container movement across the western corridor and lower the transaction costs incurred by shippers and consignees. This would also provide the 'visibility' and 'transparency' of the EXIM Container Movement by covering the entire movement through rail or road till the ICDs (Inland Container Depot) and CFSs (Container Freight Station).

Important Question for Competitive Exam from this Current Affairs:

1. Name the port which has become the India's first port to implement Logistics Data Tagging of Containers: a)Jawaharlal Nehru Port b)Mahatma Gandhi Port c)Cochin Port d)Kandala Port

India’s first Commercial Court & Disputes Resolution Centre 

inaugurated in Chattisgarh

India’s first commercial dispute resolution centre and commercial court was inaugurated at Naya Raipur, Chhattisgarh.

The centre and court were inaugurated by Chhattisgarh Chief

Minister Dr. Raman and Justice Madan B. Lokur of the Supreme Court of India.

Important Question for Competitive Exam from this Current Affairs:

1. India first Commercial dispute resolution centre and commercial court was inaugurated at which Place: a)Chhattisgarh b)Himachal Pradesh c)Punjab d)New Delhi