Monday, 7 December 2015

Current Affairs December 5, 2015

Satya Nadella to meet industry leaders in Mumbai 

  • Microsoft chief Satya Nadella will meet industry leaders like Mahindra Group Chairman Anand Mahindra, Axis Bank head Shikha Sharma and Tata Starbucks CEO Avani Davda The India-born CEO is also expected to deliver a keynote address at ‘Microsoft’s Future Unleashed’ event that will bring together 3,000 industry thought leaders, enterprise heads, developers and entrepreneurs.
  • Last month, Facebook co-founder Mark Zuckerberg visited India and addressed a Townhall at IIT-Delhi.


IDBI bank may be merged with private lender

  • The government has hired SBI Capital Markets to draw up plans for the sale of a strategic stake in IDBI Bank (BSE -1.53 %) and is open to a range of options including merger with a non-state lender and preferential allotments to institutions of sound financial standing.
  • Other proposals that have emerged in early talks include a follow on public offer and sale to institutional investors through the open market, said persons with knowledge of the two rounds of discussions that have already been held. A merger would face the minimum regulatory hurdle.
  • This will only need the Reserve Bank of India’s permission, the person said. The government currently owns 76.5% of IDBI Bank. IDBI Bank is governed by the IDBI Act and the government can lower its stake without having to approach Parliament. That’s in contrast with the position at other state-run banks, where the government has committed to retain a 52% holding at least.


SunEdision to supply cheapest solar power in India

  • US-based SunEdison has won a bid to sell solar power in India at a record low tariff, which could boost the appeal of the renewable source at a time when Prime Minister Narendra Modi is pushing for clean energy to combat climate change.
  • Solar energy still has a long way to go before it can effectively compete with coal, given questions over consistent supply and transmission. But falling rates could unlock more government support for solar and wind energy.
  • Modi’s government expects clean energy to yield business worth $160 billion in India in the next five years, and established US companies like SunEdison and First Solar Inc are likely to be the biggest beneficiaries.
  • SunEdison won the auction for a 500 megawatt project in the southern state of Andhra Pradesh, bidding to supply power at 4.63 rupees ($0.0706) per kilowatt-hour, Upendra Tripathy, new and renewable energy secretary, told.

SpiceJet to launch Chennai-Bangkok flight from Dec 10

  • No-frills airline SpiceJet announced to launch a direct flight to Bangkok from Chennai next month with a limited period promotional all-inclusive two-way fares of Rs 9,999.
  • The new flight would be operated six times a week with a Boeing 737 Next Generation aircraft, SpiceJet said.
  • The services on the new route will commence from December 10 and this will be SpiceJet’s second direct international flight from Chennai, it said.
  • SpiceJet believes that there is a tremendous potential in the southern markets too and this flight will help the airline to connect passengers form rest of India to Bangkok via Chennai, she said.
  • The airline would be operating to Bangkok’s Suvarnabhumi airport from Chennai, from where numerous onward domestic and international connections are available.
  • The Gurgaon-based budget carrier operates 291 daily flights to 40 destinations, including 34 domestic and six international.


Steven Gerrard set to return to Liverpool under new manager Jurgen Klopp

  • Steven Gerrard is in line for a sensational return to Liverpool following discussions with the club’s manager, Jurgen Klopp.
  • Klopp has spoken to the former captain several times on the telephone since arriving at Anfield last month. The manager is now convinced that Gerrard’s presence will help define the standards of professionalism he expects around Melwood, Liverpool’s training ground.
  • Although Klopp has so far only debated the possibility of Gerrard training with Liverpool until 15 January when he is due back in the United States to rejoin Los Angeles Galaxy for pre-season, there is a chance of a formal playing agreement being brokered. However, that possibility is made complicated by Galaxy’s probable demands for a transfer fee, as Gerrard has another year left on his contract with the Major League Soccer club.

Indo-Canadian Sikh named Canada’s new Defence Minister

  • Harjit Sajjan, an Indo-Canadian Sikh, was named Canada’s new Defence Minister as Prime Minister Justin Trudeau’s 30-member cabinet was sworn in at a ceremony in Ottawa.
  • Harjit Sajjan, a decorated Lt Colonel in the Canadian Armed Forces who is elected as a MP for Vancouver South, is a combat veteran and has served in Bosnia and had three deployments to Kandahar, Afghanistan.
  • Justin Trudeau was sworn in as Canada’s 23rd Prime Minister before a packed crowd, almost 50 years after his father took on the job.
  • Sajjan, who is part of Trudeau’s 30-member Cabinet that was sworn in during a ceremony at Rideau Hall, has received numerous military honours, including the Meritorious Service Medal in 2013, for reducing the Taliban’s influence in the Kandahar Province.

Justice TS Thakur to be the next Chief Justice of India

  • Justice TS Thakur has been recommended for Chief Justice of India by HL Dattu, who will retire on December 2.
  • It is customary and a convention for the outgoing CJI to name his successor.
  • The Centre will now process the recommendation and then send it for approval of the President, following which a notification will be issued.
  • Justice Thakur will have tenure of one year and one month as the Chief Justice of India.
  • Justice Thakur, who has served as the Chief Justice of the High Court of Punjab and Haryana, was elevated as a Judge of the Supreme Court in 2009.


Formula one driver Susie Wolff to retire at end of season

  • Formula 1 team Williams confirmed that following four successful years with the team, woman racer Susie Wolff will retire from competitive Motorsport at the end of the season.
  • Susie said she would want to thank Williams for the opportunity given to her but added that she is looking forward to new challenges in the future.
  • Since being appointed as development driver in April 2012, Susie worked tirelessly for three years with the team before being promoted to official test driver in 2015.
  • Her role has seen her play a big part in the development of the FW35, FW36 and FW37 cars through extensive simulator work alongside getting behind the wheel for straight line aerodynamic tests and during numerous test days. Susie is married to Toto Wolff, executive director of Mercedes-Benz motorsports.
  • This culminated in her driving the FW36 during practice at the 2014 British and German Grands Prix, becoming the first female driver to drive in a Grand Prix weekend for two decades.

Jitu Rai wins silver in 13th Asian Shooting Championship

  • Ace shooter Jitu Rai won India’s first senior medal at the 13th Asian Shooting Championship, finishing second behind Korea’s Park Daehun in the finals of the men’s 50m pistol.
  • Park shot a finals world and Asian record score of 199.2 to clinch the gold medal. Jitu finished with a finals score of 189.5, in the process beating his long-time rivals Jin Jongoh of Korea and Vladimir Issachenko of Kazakhstan.
  • Jitu qualified for the finals in 7th position with a score of 555. Prakash Nanjappa finished 11th in qualifying with a score of 553, while Omkar Singh finished 24th with 545.
  • In the 10m air rifle junior men’s event, India’s Akhil Sheoran won a silver medal and Prashant won a bronze respectively. Xuechao Qian of China won the gold in the event.

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