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Daily G.K. Buzz - 04th & 05th June 2015


India and the US signed 2015 Framework for the India-US Defence Relationship

i. India and the United States (US) on 3 June 2015 signed the 2015 Framework for the India-US Defence Relationship. The framework was signed by the Manohar Parrikar, India’s Defence Minister and Ashton Carter, US Secretary of Defence.
ii. Apart from this, both India and the United States also finalized two project agreements for joint development of Mobile Electric Hybrid Power Sources and the Next Generation Protective Ensembles.
iii. It also recognises the transformative nature of the Defence Technology and Trade Initiative (DTTI).

India and Belarus signed six Agreements during the visit of President to Belarus

i. India and Belarus on 3 June 2015 inked six agreements to boost ties and relationship based on friendship and mutual benefit. The agreements were inked in presence of President Pranab Mukherjee, who is on a two-day state visit to Belarus, viz., from 3 June – 4 June 2015.
ii. MoU on Bilateral Cooperation between the Securities and Exchange Board of India (SEBI) and the Ministry of Finance, Belarus has also been signed.

India joined MCAA on Automatic Exchange of Financial Account Information (AEOI)

i. India on 3 June 2015 joined the Multilateral Competent Authority Agreement (MCAA) on Automatic Exchange of Financial Account Information (AEOI).
ii. The declaration to comply with the provisions of the MCAA was signed in Paris by Mohan Kumar, the Indian ambassador to France.
iii. The participation in the agreement will help India in curbing financial crimes especially instances of tax evasion.

IREDA awarded Miniratna (Category-1) status by Department of Public Enterprises

i. Indian Renewable Energy Development Agency Limited (IREDA) was on 2 June 2015 awarded the Miniratna (Cateogry -1) status by the Department of Public Enterprises under the Union Ministry of Heavy Industry and Public Enterprises.
ii. At present, there are 55 Public Limited Companies in Mini Ratna (Cateogry -1) and 17 are in Mini Ratna (Cateogry-2). Besides, there are 7 Maharatna Companies and 17 Navratnas companies.

Union Government signed 400 million US $ loan agreement with World Bank for TNSUDP

i. The Union Government on 4 June 2015 signed Loan and Project Agreements with the World Bank for assistance of 400 million US dollars for Tamil Nadu Sustainable Urban Development Project (TNSUDP).
ii. The objective of the project is to improve urban services in participating Urban Local Bodies (ULBs) in a financially sustainable manner and to pilot improved urban management practices in selected cities. The total project size is 600 million US dollars


World Justice Project (WJP)Rule of Law Index 2015

i. The index has been topped by Denmark followed by Norway, Sweden and Finland at second, third and fourth place respectively. All the four countries have score above 0.85.
ii. India with a score of 0.51 has been placed at 59th position and is ranked at third place out of six countries in the South Asian region.

US President Barack Obama signed USA FREEDOM Act 2015 into law

i. US President Barack Obama on 2 June 2015 signed the USA FREEDOM Act 2015 in law. The USA FREEDOM stands for Uniting and Strengthening America by Fulfilling Rights and Ensuring Effective Discipline Over Monitoring Act of 2015.
ii. With this, the National Security Agency (NSA) lost its authority to collect the phone records of millions of Americans.


Narendra Bhooshan appointed Mission Director of NFSM

i. Senior IAS officer Narendra Bhooshan was today appointed as Mission Director, National Food Security Mission (NFSM).
ii. Bhooshan, a 1992 batch IAS officer of Uttar Pradesh cadre, is Joint Secretary in Department of Agriculture and Cooperation.
iii. He has been appointed to the post of Mission Director in NFSM upto July 10, 2016, an order issued by Department of Personnel and Training said.

Infosys appoints Seshasayee as chairman

i. Seshasayee replaces K V Kamath who stepped down as chairman and as an independent director of the company, consequent to his nomination as president of the BRICS New Development Bank.
ii. Seshasayee has been an independent director on the company's Board since January 2011 and is the chairperson of the Audit Committee. Seshasayee's holds other board positions including non-executive vice chairman of Ashok Leyland and chairman of IndusInd Bank.

Syed Asif Ibrahim appointed as PM’s Special Envoy on Countering Terrorism and Extremism

i. Syed Asif Ibrahim was on 3 June 2015 appointed as the Prime Minister’s Special Envoy on Countering Terrorism and Extremism. He is a former Director of Intelligence Bureau (DIB).
ii. He will report to National Security Advisor (NSA) Ajit Doval and work out of the National Security Council (NSC) Secretariat in New Delhi.


Suresh Kalmadi conferred with Asian Athletics Association President’s award

i. Suresh Kalmadi on 2 June 2015 was conferred with the Asian Athletics Association (AAA) President’s award. He was awarded for his contribution towards the development of athletics in Asian continent.
ii. Earlier in March 2015, he was named as the Life President of AAA for his contribution for Asian athletics. The decision was taken during the council meet of AAA in Jakarta, Indonesia.


Nobel Prize Winner in Chemistry Irwin Rose passed away

i. Irwin Rose, a biochemist who won the 2004 Nobel Prize in Chemistry, died on 2 June 2015 in his sleep in Deerfield, Massachusetts. He was 88.
ii. Rose won the Nobel Prize for discovering a way that cells destroy unwanted proteins for developing new therapies for diseases such as cervical cancer and cystic fibrosis.


World Environment Day observed globally on 05th June

Theme - "Seven Billion Dreams. One Planet. Consume with Care"
i. The host country for the WED 2015 is Italy and the celebrations will be organized by Expo Milano 2015 that will run from 1 May to 31 October 2015 and will see the participation of 140 plus countries.
ii. The day is observed to raise global awareness to take positive environmental action to protect nature and the planet Earth. It is run by the United Nations Environment Programme (UNEP).


Inderjeet won gold in shot put at 21st Asian Athletics Championships

i. Inderjeet Singh won gold medal in men's shot put event in the 21st Asian Athletics Championships on 3 June 2015. The 21st Asian Athletics Championships is being held from 3 June to 7 June 2015 at Wuhan, China.
ii. Chang Ming-Huang of Chinese Taipei won the silver with a throw of 19.56meter, while Tian Zizhong of the home country bagged the bronze with a throw of 19.25meter.



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