Daily GK Updates 16 May 2015 Top Current Affairs Career launcher Tirupati

Daily GK Updates 16 May 2015 Top Current Affairs Career launcher Tirupati 

National:

India, China to establish skill institute in Gujarat

‘Mahatma Gandhi National Institute of Skill Development and Entrepreneurship’ would set up either in Ahmedabad or Gandhinagar, according to a government release. GIFT city in Gujarat and Shenzhen in China were identified as pilot smart cities to initiate cooperation in the development of smart cities, stated the release.

Reverse quota: Karnataka reserves 50% seats for men in panchayats

in a Congress-ruled state an amendment was made to the Karnataka Panchayat Raj Act on March 31 to ensure that 50% of the seats are effectively reserved for men.The women’s empowerment movement got a fillip in Karnataka in 1993 when 50% reservation for women in panchayat bodies came into effect. Gram panchayats in some districts like Dakshina Kannada have 85% seats occupied by women, as they win from both reserved and general seats.”That has become a problem and the amendment .

India lifts ban on use of Chinese cranes at ports

India has lifted the ban imposed on use of Chinese cranes at ports across the country, a move that coincides with Prime Minister Narendra Modi’s visit to the neighbouring nation aimed at furthering bilateral ties.

International:

Luxembourg PM is the first gay EU leader to marry

Luxembourg Prime Minister Xavier Bettel married his gay partner on, becoming the first European Union leader to enter into a same-sex union in a symbol of growing social change across the continent.

Business & Economy:

India ranked 100th on World Economic Forum’s human capital index

India has been placed at a lowly 100th position on the global Human Capital Index, which measures countries on development and deployment of human capital. Finland tops the 124-country list. India is ranked lower than all its BRICS peers and neighbours Sri Lanka, Bhutan and Bangladesh. Countries are ranked on the basis of 46 indicators that track “how well countries are developing and deploying their human capital, focusing on education, skills and employment”.

Arun Shrivastava assumes charge as Syndicate Bank MD and CEO

Arun Shrivastava has assumed charge as managing director and chief executive officer of Syndicate Bank on May 15. Prior to joining the Bank, Arun was executive director of Bank of India, looking after finance, strategy and planning, large corporate and mid corporate business, corporate debt restructuring, project finance and syndication, credit monitoring and asset recovery, publicity and public relations portfolios of Bank.

Axis Bank to launch ‘tap & pay’ cards

Close on the heels of State Bank of India, Axis Bank has said that it will start incorporating NFC technology in credit and debit cards and upgrade 50,000 point of sale terminals to enable acceptance of ‘tap and pay’ feature.

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