1. Kamath named head of New Development Bank of BRICS nations
Eminent banker K V Kamath was today appointed as head of the $50-billion New Development Bank being set up by the five emerging economies of the BRICS grouping.
Kamath will have a five-year term of the bank, which is likely to be operationalised within one year, Finance Secretary Rajiv Mehrishi said. Kamath is the Chairman of the India’s largest private sector bank ICICI.
Leaders of the emerging economies of Brazil, Russia, India, China and South Africa (BRICS) had last year reached an agreement to establish the New Development Bank, with its headquarters in Shanghai. As per the agreement, India got the right to nominate the first president.
Kamath has been named the first president of the NDB, Mehrishi said.
The BRICS nations account for nearly $16 trillion in GDP and 40 per cent of the world’s population.
The bank will start with an initial paid-in-capital of $50 billion with each BRICS country contributing $10 billion.
2. KV Thomas renominated as Chairman of Public Accounts Committee
Outgoing chairman of Parliament’s Public Accounts Committee, senior Congress leader K V Thomas, has been renominated to the post for a second term.“K V Thomas has been renominated as PAC chairman till April, 2016,” a senior government official said.
PAC is one of the most important finance committees along with the Committee on Estimates and the Committee on Public Undertakings.
Since 1967, the post of the PAC Chairman has been held by a senior member of the main Opposition party.
The key committee examines CAG reports after they are tabled in Parliament.
The PAC, constituted every year, may consist of not more than 22 members — 15 from Lok Sabha and not more than seven members from Rajya Sabha.
Members from Lok Sabha have to be elected to the panel while the representatives from Rajya Sabha are nominated. A minister cannot be a member.
3. May 11: National Technology Day 2015
National Technology Day is a very special day for Indian Technology since 1999. It is so significant because India achieved a huge technological advancement on the day.
Every year, `National Technology Day’ is observed across India on May 11. This day glorifies the importance of science in day-to-day life and motivates students to adopt science as a career option.
National Technology Day is being commemorated to celebrate the anniversary of first of the five tests of Operation Shakti (Pokhran-II) nuclear test which was held on 11 May 1998 in Pokhran, Rajasthan.
Apart from Pokhran nuclear test, on this day first indigenous aircraft Hansa-3 was test flown at Bangalore and India also conducted successful test firing of the Trishul missile on the same day.
Considering all these achievements 11 May was chosen to be commemorated as National Technology Day.
To commemorate this day, Technology Development Board (TDB) has instituted a National Award.This award is conferred on to various individuals and industries for their successful achievement in commercialization of Indigenous Technology.
4. President Pranab Mukherjee inaugurates Namaste Russia festival in Moscow
President Pranab Mukherjee, currently on his four-day official visit to Russia, has inaugurated a festival of Indian Culture ‘Namaste Russia’ in Moscow. The President said Indian culture and its heritage of art, music and cinema have enjoyed love and appreciation across Russia over centuries.
“In India too, there is enormous warmth and regard for Russian culture as showcased in its ballet, literature and traditions. Russia’s Gerasim Lebedev, who was arguably the first European Indologist, pioneered the Bengali theatre 220 years ago in Kolkata,” President Mukherjee said. The President said with the support of the Russian Ministry of Culture, ‘Namaste Russia’ will reach various regions of Russia over the next six months.
“In response to the interest in Indian fine arts across Russia, the Indian Council for Cultural Relations will send Indian teachers of music and dance to regional centres in Russia. These efforts will help people living in different regions of Russia to deepen their engagement with contemporary and classical Indian culture. It is also important that the youth of two countries is encouraged to join these cultural exchanges,” he added.
He also said that he was delighted to learn that the logo for ‘Namaste Russia’ is designed by a young Russian from the Russian town of Krasnoyarsk, who succeeded in an open competition with both Indians and Russians.
5. PM inaugurated upgraded IISCO Steel Plant in Burnpur housing largest blast furnace plant of India
Prime Minister Narendra Modi on 10 May 2015 inaugurated the upgraded IISCO Steel Plant (ISP) in Burnpur, West Bengal. The ISP houses the largest blast furnace of India.
The ISP was modernised by the Union Government at a cost of 16000 crore rupees. After modernisation, the plant's production capacity has increased from 0.85 million tonnes per annum (mtpa) to 2.9 mtpa.The revamped plant in Burnpur is spread across 953 acres. It is the fifth integrated steel plant of SAIL. Also, the new plant is equipped with the latest green technologies with zero emission.
The revamped plant has already achieved some major milestones, both in production and quality, since 2014. It has started operating the continuous casting plant, and the first batch of 8-mm thermo-mechanical treatment (TMT) bars was produced in January 2015. The company's reserves of iron ore are the largest in Asia.
The modernization will held India in attaining the target of producing 300 million tonnes of steel by 2025 to meet industry demand. Also, it will help SAIL in achieving the target of enhancing production capacity to 50 million tonnes by 2025.
Indian Iron and Steel Company (IISCO) was taken over by the Union Government in 1972 as part of a nationalisation drive and made a fully-owned subsidiary of SAIL in 1978. It was thereafter renamed ISP.
6. Discus thrower Vikas Gowda won Gold at Jamaican International Invitation meet
Ace Indian discus thrower Vikas Gowda won Gold at Jamaican International Invitation meet. The meet was held in Kingston, Jamaica. He came up with an effort of 65.14m to win his event.
Chad Wright of Jamaica was second with a throw of 61.84m while Jared Schuurmans of United States was third with an effort of 61.62m.
Gowda, the reigning Commonwealth Games champion and Silver medal winnerof 2014 Asian Games, has thrown the discus over 65m three times in the last three weeks.
The 31-year-old national record holder first came up with a throw of 65.25m at Chula Vista on 24 April 2015 to qualify for World Championships in Beijing in August 2015.
The United States-based Indian is yet to qualify for next year's Rio Olympics for which he need to cross the qualifying standard of 66m. His national record stands at 66.28m.
7. Andy Murray of Britain won the men’s singles title of Madrid Tennis Open
Andy Murray of Britain won the Madrid Open men’s singles title in the final matches held in Madrid, Spain. He beat Rafael Nadalof Spain 6-3, 6-2 to win his second Madrid Open title.With the present win, he has become the third player after Switzerland’s Roger Federer and Rafael Nadal to win at both the venues of Madrid Open.
8. Petra Kvitova of Czech Republic won the women’s singles title of Madrid Tennis Open
Petra Kvitova of Czech Republic won the Madrid Open women’s singles title in the final matches held in Madrid, Spain. She defeated Svetlana Kuznetsova of Russia 6-1, 6-2 to secure the title for the second time. She won her maiden title in 2011.
With the present win, she equals Serena Williams’ record of two titles in Madrid.At present, Kvitova is ranked World No. 4 in Women’s singles categories. The men’s single title was won by Andy Murray of Britain who defeated Rafael Nadal of Spain in the final.
9. Rohan Bopanna, Florin Mergea won Men’s Doubles title of Madrid Tennis Open
Rohan Bopanna and Florin Mergea, the Indo-Romanian pair, won the men’s doubles title of the Madrid Tennis Open.
In the summit clash played in Madrid, Spain, the duo defeated the Serbian-Polish pair of Nenand Zimonjic and Martin Matkowski 6-2, 6-7(5), 11-9.
For Rohan Bopanna, this is the third title of the 2015 season having won the titles in Sydney and Dubai along with the Canadian partner Daniel Nestor.
With the present win, the duo received 247560 euro pirze money along with their maiden title and earned 1000 ranking points each.
10. Tata Communications ties up with China Telecom Global
Tata Communications today announced a video network partnership with China Telecom Global to enable and manage media content for customers in China and globally.
The tie-up enables China Telecom Global to leverage its worldwide reach, along with Tata Communications’ Global Video Network to offer live sporting events in China, a company release said. The partnership will cater to a market opportunity of $2.57 billion, the release stated. The statement, however, did not quantify the benefits to Tata Communication.
It recently launched a new media ecosystem that enables cloud-based management of content and supports global media distribution requirements, over-the-top content and mobility applications.
“This partnership with China Telecom Global is a step in that direction and marks the expansion of Tata Communications’ Global Video Network reach into China,” Brian Morris, Vice-President and GM global media and entertainment services, Tata Communications, said in a statement.
11. Veteran actor Shashi Kapoor conferred with Dadasaheb Phalke Award 2014
Veteran actor and film producer Shashi Kapoor has been conferred with prestigious Dada Saheb Phalke Award 2014.
The award was bestowed upon him by Union Information and Broadcasting Minister Arun Jaitley at a special function held in Prithvi Theatre in Mumbai, Maharashtra.
He is the 46th film personality to receive this honour and third member of his illustrious family after father Prithviraj Kapoor (1972- Posthumously) and elder brother Raj Kapoor (1987).
Eminent banker K V Kamath was today appointed as head of the $50-billion New Development Bank being set up by the five emerging economies of the BRICS grouping.
Kamath will have a five-year term of the bank, which is likely to be operationalised within one year, Finance Secretary Rajiv Mehrishi said. Kamath is the Chairman of the India’s largest private sector bank ICICI.Leaders of the emerging economies of Brazil, Russia, India, China and South Africa (BRICS) had last year reached an agreement to establish the New Development Bank, with its headquarters in Shanghai. As per the agreement, India got the right to nominate the first president.
Kamath has been named the first president of the NDB, Mehrishi said.
The BRICS nations account for nearly $16 trillion in GDP and 40 per cent of the world’s population.
The bank will start with an initial paid-in-capital of $50 billion with each BRICS country contributing $10 billion.
2. KV Thomas renominated as Chairman of Public Accounts Committee
Outgoing chairman of Parliament’s Public Accounts Committee, senior Congress leader K V Thomas, has been renominated to the post for a second term.“K V Thomas has been renominated as PAC chairman till April, 2016,” a senior government official said.
PAC is one of the most important finance committees along with the Committee on Estimates and the Committee on Public Undertakings.
Since 1967, the post of the PAC Chairman has been held by a senior member of the main Opposition party.
The key committee examines CAG reports after they are tabled in Parliament.
The PAC, constituted every year, may consist of not more than 22 members — 15 from Lok Sabha and not more than seven members from Rajya Sabha.
Members from Lok Sabha have to be elected to the panel while the representatives from Rajya Sabha are nominated. A minister cannot be a member.
3. May 11: National Technology Day 2015
National Technology Day is a very special day for Indian Technology since 1999. It is so significant because India achieved a huge technological advancement on the day.
Every year, `National Technology Day’ is observed across India on May 11. This day glorifies the importance of science in day-to-day life and motivates students to adopt science as a career option.
National Technology Day is being commemorated to celebrate the anniversary of first of the five tests of Operation Shakti (Pokhran-II) nuclear test which was held on 11 May 1998 in Pokhran, Rajasthan.
Apart from Pokhran nuclear test, on this day first indigenous aircraft Hansa-3 was test flown at Bangalore and India also conducted successful test firing of the Trishul missile on the same day.
Considering all these achievements 11 May was chosen to be commemorated as National Technology Day.
To commemorate this day, Technology Development Board (TDB) has instituted a National Award.This award is conferred on to various individuals and industries for their successful achievement in commercialization of Indigenous Technology.
4. President Pranab Mukherjee inaugurates Namaste Russia festival in Moscow
President Pranab Mukherjee, currently on his four-day official visit to Russia, has inaugurated a festival of Indian Culture ‘Namaste Russia’ in Moscow. The President said Indian culture and its heritage of art, music and cinema have enjoyed love and appreciation across Russia over centuries.
“In India too, there is enormous warmth and regard for Russian culture as showcased in its ballet, literature and traditions. Russia’s Gerasim Lebedev, who was arguably the first European Indologist, pioneered the Bengali theatre 220 years ago in Kolkata,” President Mukherjee said. The President said with the support of the Russian Ministry of Culture, ‘Namaste Russia’ will reach various regions of Russia over the next six months.
“In response to the interest in Indian fine arts across Russia, the Indian Council for Cultural Relations will send Indian teachers of music and dance to regional centres in Russia. These efforts will help people living in different regions of Russia to deepen their engagement with contemporary and classical Indian culture. It is also important that the youth of two countries is encouraged to join these cultural exchanges,” he added.
He also said that he was delighted to learn that the logo for ‘Namaste Russia’ is designed by a young Russian from the Russian town of Krasnoyarsk, who succeeded in an open competition with both Indians and Russians.
5. PM inaugurated upgraded IISCO Steel Plant in Burnpur housing largest blast furnace plant of India
Prime Minister Narendra Modi on 10 May 2015 inaugurated the upgraded IISCO Steel Plant (ISP) in Burnpur, West Bengal. The ISP houses the largest blast furnace of India.
The ISP was modernised by the Union Government at a cost of 16000 crore rupees. After modernisation, the plant's production capacity has increased from 0.85 million tonnes per annum (mtpa) to 2.9 mtpa.The revamped plant in Burnpur is spread across 953 acres. It is the fifth integrated steel plant of SAIL. Also, the new plant is equipped with the latest green technologies with zero emission.
The revamped plant has already achieved some major milestones, both in production and quality, since 2014. It has started operating the continuous casting plant, and the first batch of 8-mm thermo-mechanical treatment (TMT) bars was produced in January 2015. The company's reserves of iron ore are the largest in Asia.
The modernization will held India in attaining the target of producing 300 million tonnes of steel by 2025 to meet industry demand. Also, it will help SAIL in achieving the target of enhancing production capacity to 50 million tonnes by 2025.
Indian Iron and Steel Company (IISCO) was taken over by the Union Government in 1972 as part of a nationalisation drive and made a fully-owned subsidiary of SAIL in 1978. It was thereafter renamed ISP.
6. Discus thrower Vikas Gowda won Gold at Jamaican International Invitation meet
Ace Indian discus thrower Vikas Gowda won Gold at Jamaican International Invitation meet. The meet was held in Kingston, Jamaica. He came up with an effort of 65.14m to win his event.
Chad Wright of Jamaica was second with a throw of 61.84m while Jared Schuurmans of United States was third with an effort of 61.62m.
Gowda, the reigning Commonwealth Games champion and Silver medal winnerof 2014 Asian Games, has thrown the discus over 65m three times in the last three weeks.
The 31-year-old national record holder first came up with a throw of 65.25m at Chula Vista on 24 April 2015 to qualify for World Championships in Beijing in August 2015.
The United States-based Indian is yet to qualify for next year's Rio Olympics for which he need to cross the qualifying standard of 66m. His national record stands at 66.28m.
7. Andy Murray of Britain won the men’s singles title of Madrid Tennis Open
Andy Murray of Britain won the Madrid Open men’s singles title in the final matches held in Madrid, Spain. He beat Rafael Nadalof Spain 6-3, 6-2 to win his second Madrid Open title.With the present win, he has become the third player after Switzerland’s Roger Federer and Rafael Nadal to win at both the venues of Madrid Open.
8. Petra Kvitova of Czech Republic won the women’s singles title of Madrid Tennis Open
Petra Kvitova of Czech Republic won the Madrid Open women’s singles title in the final matches held in Madrid, Spain. She defeated Svetlana Kuznetsova of Russia 6-1, 6-2 to secure the title for the second time. She won her maiden title in 2011.
With the present win, she equals Serena Williams’ record of two titles in Madrid.At present, Kvitova is ranked World No. 4 in Women’s singles categories. The men’s single title was won by Andy Murray of Britain who defeated Rafael Nadal of Spain in the final.
9. Rohan Bopanna, Florin Mergea won Men’s Doubles title of Madrid Tennis Open
Rohan Bopanna and Florin Mergea, the Indo-Romanian pair, won the men’s doubles title of the Madrid Tennis Open.
In the summit clash played in Madrid, Spain, the duo defeated the Serbian-Polish pair of Nenand Zimonjic and Martin Matkowski 6-2, 6-7(5), 11-9.
For Rohan Bopanna, this is the third title of the 2015 season having won the titles in Sydney and Dubai along with the Canadian partner Daniel Nestor.
With the present win, the duo received 247560 euro pirze money along with their maiden title and earned 1000 ranking points each.
10. Tata Communications ties up with China Telecom Global
Tata Communications today announced a video network partnership with China Telecom Global to enable and manage media content for customers in China and globally.
The tie-up enables China Telecom Global to leverage its worldwide reach, along with Tata Communications’ Global Video Network to offer live sporting events in China, a company release said. The partnership will cater to a market opportunity of $2.57 billion, the release stated. The statement, however, did not quantify the benefits to Tata Communication.
It recently launched a new media ecosystem that enables cloud-based management of content and supports global media distribution requirements, over-the-top content and mobility applications.
“This partnership with China Telecom Global is a step in that direction and marks the expansion of Tata Communications’ Global Video Network reach into China,” Brian Morris, Vice-President and GM global media and entertainment services, Tata Communications, said in a statement.
11. Veteran actor Shashi Kapoor conferred with Dadasaheb Phalke Award 2014
Veteran actor and film producer Shashi Kapoor has been conferred with prestigious Dada Saheb Phalke Award 2014.
The award was bestowed upon him by Union Information and Broadcasting Minister Arun Jaitley at a special function held in Prithvi Theatre in Mumbai, Maharashtra.
He is the 46th film personality to receive this honour and third member of his illustrious family after father Prithviraj Kapoor (1972- Posthumously) and elder brother Raj Kapoor (1987).
1. Kamath named head of New Development Bank of BRICS nations
Eminent banker K V Kamath was today appointed as head of the $50-billion New Development Bank being set up by the five emerging economies of the BRICS grouping.
Kamath will have a five-year term of the bank, which is likely to be operationalised within one year, Finance Secretary Rajiv Mehrishi said. Kamath is the Chairman of the India’s largest private sector bank ICICI.
Leaders of the emerging economies of Brazil, Russia, India, China and South Africa (BRICS) had last year reached an agreement to establish the New Development Bank, with its headquarters in Shanghai. As per the agreement, India got the right to nominate the first president.
Kamath has been named the first president of the NDB, Mehrishi said.
The BRICS nations account for nearly $16 trillion in GDP and 40 per cent of the world’s population.
The bank will start with an initial paid-in-capital of $50 billion with each BRICS country contributing $10 billion.
2. KV Thomas renominated as Chairman of Public Accounts Committee
Outgoing chairman of Parliament’s Public Accounts Committee, senior Congress leader K V Thomas, has been renominated to the post for a second term.“K V Thomas has been renominated as PAC chairman till April, 2016,” a senior government official said.
PAC is one of the most important finance committees along with the Committee on Estimates and the Committee on Public Undertakings.
Since 1967, the post of the PAC Chairman has been held by a senior member of the main Opposition party.
The key committee examines CAG reports after they are tabled in Parliament.
The PAC, constituted every year, may consist of not more than 22 members — 15 from Lok Sabha and not more than seven members from Rajya Sabha.
Members from Lok Sabha have to be elected to the panel while the representatives from Rajya Sabha are nominated. A minister cannot be a member.
3. May 11: National Technology Day 2015
National Technology Day is a very special day for Indian Technology since 1999. It is so significant because India achieved a huge technological advancement on the day.
Every year, `National Technology Day’ is observed across India on May 11. This day glorifies the importance of science in day-to-day life and motivates students to adopt science as a career option.
National Technology Day is being commemorated to celebrate the anniversary of first of the five tests of Operation Shakti (Pokhran-II) nuclear test which was held on 11 May 1998 in Pokhran, Rajasthan.
Apart from Pokhran nuclear test, on this day first indigenous aircraft Hansa-3 was test flown at Bangalore and India also conducted successful test firing of the Trishul missile on the same day.
Considering all these achievements 11 May was chosen to be commemorated as National Technology Day.
To commemorate this day, Technology Development Board (TDB) has instituted a National Award.This award is conferred on to various individuals and industries for their successful achievement in commercialization of Indigenous Technology.
4. President Pranab Mukherjee inaugurates Namaste Russia festival in Moscow
President Pranab Mukherjee, currently on his four-day official visit to Russia, has inaugurated a festival of Indian Culture ‘Namaste Russia’ in Moscow. The President said Indian culture and its heritage of art, music and cinema have enjoyed love and appreciation across Russia over centuries.
“In India too, there is enormous warmth and regard for Russian culture as showcased in its ballet, literature and traditions. Russia’s Gerasim Lebedev, who was arguably the first European Indologist, pioneered the Bengali theatre 220 years ago in Kolkata,” President Mukherjee said. The President said with the support of the Russian Ministry of Culture, ‘Namaste Russia’ will reach various regions of Russia over the next six months.
“In response to the interest in Indian fine arts across Russia, the Indian Council for Cultural Relations will send Indian teachers of music and dance to regional centres in Russia. These efforts will help people living in different regions of Russia to deepen their engagement with contemporary and classical Indian culture. It is also important that the youth of two countries is encouraged to join these cultural exchanges,” he added.
He also said that he was delighted to learn that the logo for ‘Namaste Russia’ is designed by a young Russian from the Russian town of Krasnoyarsk, who succeeded in an open competition with both Indians and Russians.
5. PM inaugurated upgraded IISCO Steel Plant in Burnpur housing largest blast furnace plant of India
Prime Minister Narendra Modi on 10 May 2015 inaugurated the upgraded IISCO Steel Plant (ISP) in Burnpur, West Bengal. The ISP houses the largest blast furnace of India.
The ISP was modernised by the Union Government at a cost of 16000 crore rupees. After modernisation, the plant's production capacity has increased from 0.85 million tonnes per annum (mtpa) to 2.9 mtpa.The revamped plant in Burnpur is spread across 953 acres. It is the fifth integrated steel plant of SAIL. Also, the new plant is equipped with the latest green technologies with zero emission.
The revamped plant has already achieved some major milestones, both in production and quality, since 2014. It has started operating the continuous casting plant, and the first batch of 8-mm thermo-mechanical treatment (TMT) bars was produced in January 2015. The company's reserves of iron ore are the largest in Asia.
The modernization will held India in attaining the target of producing 300 million tonnes of steel by 2025 to meet industry demand. Also, it will help SAIL in achieving the target of enhancing production capacity to 50 million tonnes by 2025.
Indian Iron and Steel Company (IISCO) was taken over by the Union Government in 1972 as part of a nationalisation drive and made a fully-owned subsidiary of SAIL in 1978. It was thereafter renamed ISP.
6. Discus thrower Vikas Gowda won Gold at Jamaican International Invitation meet
Ace Indian discus thrower Vikas Gowda won Gold at Jamaican International Invitation meet. The meet was held in Kingston, Jamaica. He came up with an effort of 65.14m to win his event.
Chad Wright of Jamaica was second with a throw of 61.84m while Jared Schuurmans of United States was third with an effort of 61.62m.
Gowda, the reigning Commonwealth Games champion and Silver medal winnerof 2014 Asian Games, has thrown the discus over 65m three times in the last three weeks.
The 31-year-old national record holder first came up with a throw of 65.25m at Chula Vista on 24 April 2015 to qualify for World Championships in Beijing in August 2015.
The United States-based Indian is yet to qualify for next year's Rio Olympics for which he need to cross the qualifying standard of 66m. His national record stands at 66.28m.
7. Andy Murray of Britain won the men’s singles title of Madrid Tennis Open
Andy Murray of Britain won the Madrid Open men’s singles title in the final matches held in Madrid, Spain. He beat Rafael Nadalof Spain 6-3, 6-2 to win his second Madrid Open title.With the present win, he has become the third player after Switzerland’s Roger Federer and Rafael Nadal to win at both the venues of Madrid Open.
8. Petra Kvitova of Czech Republic won the women’s singles title of Madrid Tennis Open
Petra Kvitova of Czech Republic won the Madrid Open women’s singles title in the final matches held in Madrid, Spain. She defeated Svetlana Kuznetsova of Russia 6-1, 6-2 to secure the title for the second time. She won her maiden title in 2011.
With the present win, she equals Serena Williams’ record of two titles in Madrid.At present, Kvitova is ranked World No. 4 in Women’s singles categories. The men’s single title was won by Andy Murray of Britain who defeated Rafael Nadal of Spain in the final.
9. Rohan Bopanna, Florin Mergea won Men’s Doubles title of Madrid Tennis Open
Rohan Bopanna and Florin Mergea, the Indo-Romanian pair, won the men’s doubles title of the Madrid Tennis Open.
In the summit clash played in Madrid, Spain, the duo defeated the Serbian-Polish pair of Nenand Zimonjic and Martin Matkowski 6-2, 6-7(5), 11-9.
For Rohan Bopanna, this is the third title of the 2015 season having won the titles in Sydney and Dubai along with the Canadian partner Daniel Nestor.
With the present win, the duo received 247560 euro pirze money along with their maiden title and earned 1000 ranking points each.
10. Tata Communications ties up with China Telecom Global
Tata Communications today announced a video network partnership with China Telecom Global to enable and manage media content for customers in China and globally.
The tie-up enables China Telecom Global to leverage its worldwide reach, along with Tata Communications’ Global Video Network to offer live sporting events in China, a company release said. The partnership will cater to a market opportunity of $2.57 billion, the release stated. The statement, however, did not quantify the benefits to Tata Communication.
It recently launched a new media ecosystem that enables cloud-based management of content and supports global media distribution requirements, over-the-top content and mobility applications.
“This partnership with China Telecom Global is a step in that direction and marks the expansion of Tata Communications’ Global Video Network reach into China,” Brian Morris, Vice-President and GM global media and entertainment services, Tata Communications, said in a statement.
11. Veteran actor Shashi Kapoor conferred with Dadasaheb Phalke Award 2014
Veteran actor and film producer Shashi Kapoor has been conferred with prestigious Dada Saheb Phalke Award 2014.
The award was bestowed upon him by Union Information and Broadcasting Minister Arun Jaitley at a special function held in Prithvi Theatre in Mumbai, Maharashtra.
He is the 46th film personality to receive this honour and third member of his illustrious family after father Prithviraj Kapoor (1972- Posthumously) and elder brother Raj Kapoor (1987).
Eminent banker K V Kamath was today appointed as head of the $50-billion New Development Bank being set up by the five emerging economies of the BRICS grouping.
Kamath will have a five-year term of the bank, which is likely to be operationalised within one year, Finance Secretary Rajiv Mehrishi said. Kamath is the Chairman of the India’s largest private sector bank ICICI.Leaders of the emerging economies of Brazil, Russia, India, China and South Africa (BRICS) had last year reached an agreement to establish the New Development Bank, with its headquarters in Shanghai. As per the agreement, India got the right to nominate the first president.
Kamath has been named the first president of the NDB, Mehrishi said.
The BRICS nations account for nearly $16 trillion in GDP and 40 per cent of the world’s population.
The bank will start with an initial paid-in-capital of $50 billion with each BRICS country contributing $10 billion.
2. KV Thomas renominated as Chairman of Public Accounts Committee
Outgoing chairman of Parliament’s Public Accounts Committee, senior Congress leader K V Thomas, has been renominated to the post for a second term.“K V Thomas has been renominated as PAC chairman till April, 2016,” a senior government official said.
PAC is one of the most important finance committees along with the Committee on Estimates and the Committee on Public Undertakings.
Since 1967, the post of the PAC Chairman has been held by a senior member of the main Opposition party.
The key committee examines CAG reports after they are tabled in Parliament.
The PAC, constituted every year, may consist of not more than 22 members — 15 from Lok Sabha and not more than seven members from Rajya Sabha.
Members from Lok Sabha have to be elected to the panel while the representatives from Rajya Sabha are nominated. A minister cannot be a member.
3. May 11: National Technology Day 2015
National Technology Day is a very special day for Indian Technology since 1999. It is so significant because India achieved a huge technological advancement on the day.
Every year, `National Technology Day’ is observed across India on May 11. This day glorifies the importance of science in day-to-day life and motivates students to adopt science as a career option.
National Technology Day is being commemorated to celebrate the anniversary of first of the five tests of Operation Shakti (Pokhran-II) nuclear test which was held on 11 May 1998 in Pokhran, Rajasthan.
Apart from Pokhran nuclear test, on this day first indigenous aircraft Hansa-3 was test flown at Bangalore and India also conducted successful test firing of the Trishul missile on the same day.
Considering all these achievements 11 May was chosen to be commemorated as National Technology Day.
To commemorate this day, Technology Development Board (TDB) has instituted a National Award.This award is conferred on to various individuals and industries for their successful achievement in commercialization of Indigenous Technology.
4. President Pranab Mukherjee inaugurates Namaste Russia festival in Moscow
President Pranab Mukherjee, currently on his four-day official visit to Russia, has inaugurated a festival of Indian Culture ‘Namaste Russia’ in Moscow. The President said Indian culture and its heritage of art, music and cinema have enjoyed love and appreciation across Russia over centuries.
“In India too, there is enormous warmth and regard for Russian culture as showcased in its ballet, literature and traditions. Russia’s Gerasim Lebedev, who was arguably the first European Indologist, pioneered the Bengali theatre 220 years ago in Kolkata,” President Mukherjee said. The President said with the support of the Russian Ministry of Culture, ‘Namaste Russia’ will reach various regions of Russia over the next six months.
“In response to the interest in Indian fine arts across Russia, the Indian Council for Cultural Relations will send Indian teachers of music and dance to regional centres in Russia. These efforts will help people living in different regions of Russia to deepen their engagement with contemporary and classical Indian culture. It is also important that the youth of two countries is encouraged to join these cultural exchanges,” he added.
He also said that he was delighted to learn that the logo for ‘Namaste Russia’ is designed by a young Russian from the Russian town of Krasnoyarsk, who succeeded in an open competition with both Indians and Russians.
5. PM inaugurated upgraded IISCO Steel Plant in Burnpur housing largest blast furnace plant of India
Prime Minister Narendra Modi on 10 May 2015 inaugurated the upgraded IISCO Steel Plant (ISP) in Burnpur, West Bengal. The ISP houses the largest blast furnace of India.
The ISP was modernised by the Union Government at a cost of 16000 crore rupees. After modernisation, the plant's production capacity has increased from 0.85 million tonnes per annum (mtpa) to 2.9 mtpa.The revamped plant in Burnpur is spread across 953 acres. It is the fifth integrated steel plant of SAIL. Also, the new plant is equipped with the latest green technologies with zero emission.
The revamped plant has already achieved some major milestones, both in production and quality, since 2014. It has started operating the continuous casting plant, and the first batch of 8-mm thermo-mechanical treatment (TMT) bars was produced in January 2015. The company's reserves of iron ore are the largest in Asia.
The modernization will held India in attaining the target of producing 300 million tonnes of steel by 2025 to meet industry demand. Also, it will help SAIL in achieving the target of enhancing production capacity to 50 million tonnes by 2025.
Indian Iron and Steel Company (IISCO) was taken over by the Union Government in 1972 as part of a nationalisation drive and made a fully-owned subsidiary of SAIL in 1978. It was thereafter renamed ISP.
6. Discus thrower Vikas Gowda won Gold at Jamaican International Invitation meet
Ace Indian discus thrower Vikas Gowda won Gold at Jamaican International Invitation meet. The meet was held in Kingston, Jamaica. He came up with an effort of 65.14m to win his event.
Chad Wright of Jamaica was second with a throw of 61.84m while Jared Schuurmans of United States was third with an effort of 61.62m.
Gowda, the reigning Commonwealth Games champion and Silver medal winnerof 2014 Asian Games, has thrown the discus over 65m three times in the last three weeks.
The 31-year-old national record holder first came up with a throw of 65.25m at Chula Vista on 24 April 2015 to qualify for World Championships in Beijing in August 2015.
The United States-based Indian is yet to qualify for next year's Rio Olympics for which he need to cross the qualifying standard of 66m. His national record stands at 66.28m.
7. Andy Murray of Britain won the men’s singles title of Madrid Tennis Open
Andy Murray of Britain won the Madrid Open men’s singles title in the final matches held in Madrid, Spain. He beat Rafael Nadalof Spain 6-3, 6-2 to win his second Madrid Open title.With the present win, he has become the third player after Switzerland’s Roger Federer and Rafael Nadal to win at both the venues of Madrid Open.
8. Petra Kvitova of Czech Republic won the women’s singles title of Madrid Tennis Open
Petra Kvitova of Czech Republic won the Madrid Open women’s singles title in the final matches held in Madrid, Spain. She defeated Svetlana Kuznetsova of Russia 6-1, 6-2 to secure the title for the second time. She won her maiden title in 2011.
With the present win, she equals Serena Williams’ record of two titles in Madrid.At present, Kvitova is ranked World No. 4 in Women’s singles categories. The men’s single title was won by Andy Murray of Britain who defeated Rafael Nadal of Spain in the final.
9. Rohan Bopanna, Florin Mergea won Men’s Doubles title of Madrid Tennis Open
Rohan Bopanna and Florin Mergea, the Indo-Romanian pair, won the men’s doubles title of the Madrid Tennis Open.
In the summit clash played in Madrid, Spain, the duo defeated the Serbian-Polish pair of Nenand Zimonjic and Martin Matkowski 6-2, 6-7(5), 11-9.
For Rohan Bopanna, this is the third title of the 2015 season having won the titles in Sydney and Dubai along with the Canadian partner Daniel Nestor.
With the present win, the duo received 247560 euro pirze money along with their maiden title and earned 1000 ranking points each.
10. Tata Communications ties up with China Telecom Global
Tata Communications today announced a video network partnership with China Telecom Global to enable and manage media content for customers in China and globally.
The tie-up enables China Telecom Global to leverage its worldwide reach, along with Tata Communications’ Global Video Network to offer live sporting events in China, a company release said. The partnership will cater to a market opportunity of $2.57 billion, the release stated. The statement, however, did not quantify the benefits to Tata Communication.
It recently launched a new media ecosystem that enables cloud-based management of content and supports global media distribution requirements, over-the-top content and mobility applications.
“This partnership with China Telecom Global is a step in that direction and marks the expansion of Tata Communications’ Global Video Network reach into China,” Brian Morris, Vice-President and GM global media and entertainment services, Tata Communications, said in a statement.
11. Veteran actor Shashi Kapoor conferred with Dadasaheb Phalke Award 2014
Veteran actor and film producer Shashi Kapoor has been conferred with prestigious Dada Saheb Phalke Award 2014.
The award was bestowed upon him by Union Information and Broadcasting Minister Arun Jaitley at a special function held in Prithvi Theatre in Mumbai, Maharashtra.
He is the 46th film personality to receive this honour and third member of his illustrious family after father Prithviraj Kapoor (1972- Posthumously) and elder brother Raj Kapoor (1987).
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