Current Affairs - May2012 - Guide4BankExams

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office to become an official member of Myanmars parliament on 2 May 2012. Suu Kyi, a pro-democracy leader of Myanmar for the first time has held public office since launching her struggle against authoritarian rule nearly a quarter century ago.
Jordan's parliament on 9 May 2012 passed a law to encourage a multiparty reform measures announced by Jordan King Abdullah II, as the country goes to elections before the end of 2012. The new law parties. Pakistan successfully test-fired Ghaznavi Hatf allows for state funding of election but bans foreign aid to the
10 May 2012. The
290 km and it can hit its target in India. The
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political system in the country. The move is one of the major
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Aung San Suu Kyi took the oath of
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InternatIonal EvEnts
The Socialist Party leader Francois Hollande defeated the incumbent president Nicholas Sarkozy to become the 24th French President in the presidential elections held on 6 May 2012. Hollande is the second socialist president of France. The Socialist Party first won power in 1981, as Franois Mitterrand was elected President of France.
The Union Cabinet on 17 May approved the 7.6 billion dollar TAPI (Turkmenisthan-Afghanistan-Pakisthan-India) gas pipeline project. The TAPI gas pipeline project originates from the central Asian nation to as the peace pipeline. The TAPI gas project will have a total length of 1680 km. Of the total length 144km will be in Turkmenistan, 735km in Afghanistan, Turkmenistan and reaches India via Afghanistan and Pakistan. It is also referred
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and 800km in Pakistan, bringing it to the India border. The pipeline will be entirely functional in 2018 and supply gas over the next thirty years. The pipeline would produce 90 million standard cubic metres of gas per day
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(mscmd). Of the total gas pumped through it, India and Pakistan will get 38 mscmd each and Afghanistan the remaining 14 mscmd.
(Nasr) missile.The missile has a range of 60 kilometers and is capable of carrying nuclear warheads. An Egyptian court awarded former President was convicted given his involvement in the murder of protesters during the August 2011.
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The Andhra Pradesh High Court on 28 May 2012 quashed the 4.5 per cent sub-quota for minorities carved out of the 27 per cent reservation for OBCs by the Union government. A high court division bench of Chief Justice
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The Union Government of India on 1 June 2012 announced to constitute an implementation panel to look into the ways of implementing the Dharmadhikari committee report on Air India and Indian Airlines merger. The implementation panel will also suggest the issues including pay, allowances and career progression structure. The fourmember Dharmadhikari committee constituted in January 2012, on integration of nearly 29000 employees of Air India and Indian Airlines.
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NatioNal EvENts
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uprising which dethroned him in 2011. The trial against Mubarak began in
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Hosni Mubarak with life imprisonmenton 2 June 2012. The former autocrat
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Pakistan on 29 May 2012 successfully test-fired a short-range Hatf IX
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Madan Lokur and Justice P V Sanjay Kumar observed that the Union governments move was based on religious lines and not any other consideration. The court was hearing to a Public Interest Litigation (PIL) filed by backward classes leader R Krishnaiah against the sub-quota. The Union Government will move to the Supreme Court against the high court verdict.
E-Challan & Receipt (ECR) Facility Launched Union Minister of Labour & Employment Mallikarjun Kharge inaugurated the EChallan and receipt (ECR) facility on 1 May 2012 to bring transparency and accessibility for employers in depositing monthly employees Provident Fund or EPF contributions of their workers. Employees under the ECR service would have to register their organisations online and generate challans for making monthly
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Prime Minister Manmohan Singh returned 29 may after a three-day visit to Myanmar during which the two countries agreed to expand trade, improve connectivity and bring peace in border areas and emphasised on closer ties to boost energy security. The two countries inked a dozen agreements, including a $500 million credit line, on areas like border area developmentand air services. Manmohan Singh, who held wide-ranging talks with President Thein Sein, also met Myanmar's iconic leader Aung San Suu Kyi, who said she was "very happy at the prospect of closer ties with India".
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India and Bahrain, on 31 May 2012 made a Tax Information Exchange Agreement to promote economic cooperation and joint investment between the two countries. The agreement is aimed at increasing bilateral trade that stands at 1.7 billion dollar. The agreement with its provision for effective exchange of information between the two countries will help in reducing tax evasion and tax avoidance.The agreement was signed by Indian Minister of State for Finance Namo Narain Meena and Bahrains Minister of Transportation and Acting Chief Executive of Economic Development Board Kamal Ahmed in New Delhi. The two countries also inked a Memorandum of Understanding (MoU) to make the ties on technological front more effective. Under the newly signed MoU India will provide technical assistance to Bahrain and help it to develop its own IT sector in Bahrain.
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deposits. They can use these challan for either electronically or physically depositing the provident fund or PF contribution to the bank. Union Government decided to include chit funds, an informal pooling of funds from individuals for lending under the chit fund Act of 1982 in six states including Gujarat and Kerala. The decision was meant to help people access the dispute settlement mechanism. Nagaland, Haryana Tripura and Arunachal Pradesh are the other states to come under the Act, providing a cushion for small savers who are at the mercy of local operations of the six states brought under the central ruling, only Kerala operated under the Kerala chit Act of 1975. The other five states had no laws to regulate chit fund operations. Indian Americans in Forbes List of Best Tech Investors
in India began two decades late. Tata Group Among 10 Best Companies for Leadership in Asia The Tata Group is at the fifth position among the ten best companies for leadership in Asia list , according to study by management consultancy Gaint Hay Group. The topped company in the list is Samsung group followed by Tayota Motors and Unilever at the
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Union Finance Minister Pranab Mukherjee on 4 May 2012 was elected as Chair of the Asian Development Banks (ADB) Board of Governors. India will host the 46th annual meeting of the Asian Development Bank in New Delhi in 2013. Though India was the founding member of the ADB in 1966, the lending operations
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Fianace Minister Pranab Mukherjee was Elected As Chair Of ADBs Board Of Governor
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Forbes Magazine recently came up with the list of Technologies best investors among which nine are Indian Americans . These influential personalities have been successful in creating wealth and funding innovative ideas that help to keep our economy vibrant.Anil Bhasuri, Rob Chandra, Sameer Gandhi, Vinod Khosh, Neeraj Agrawak, Navin Chaddha, Ajay Agarwal, Asheen Chandra and Subrata Mitra are the best Tech investors on the forbes list .
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second and third positions . The study said that innovation was the prime factor hat made Tata Groups to find place among the top names in Asia . Others in the top 10 in Asia are Nestle, IBM Corp, Sony Corp, Procter & Gamble , Coca- Cola and Petronas. Among the global best leadership companies are General Electric as at the top followed by Procter 7 Gamble, IBM, Microsoft and Coca- Cola. India, according to a report published by the Security and Defence Agenda (SDA) and McAfee on 6 May 2012, ranked fifth in the list of countries affected of Cyber Crime. The report cyber security, The Vexed Question of Global Rules, rated the internet privacy in the country as low. Brussels based SDA spoke to leading global security exports to ensure that findings would offer useful recomendations and actions.
Qualcomm Recieved The Broadband Wireless Access Spectrum Qualcomm, the US chipmaker received the Broadband Wireless Access(BWA) spectrum on 8 May 2012 by the Department of Telecommunications ( DoT). The DoT however, reduced the companys period of licence use to 18.5 years from 20 years as mentioned in the licence agreement. The time period to meet the rollout obligations was also reduced from 5 to 3.5 years.
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Bihar Chief Minister Nitish Kumar, Deputy Chief Minister Sushil Kumar Modi, former chief minister and RJD leader Rabri Devi sworn in as members of the Bihar Legislative Council on 7 May 2012. The leaders were administered oath by state Legislative Council chairman Salim Parvej.
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Bihar C.M Nitish Kumar Took Oath As Member of BLC
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The Union Cabinet Approved the 7.6 Billion Dollar TAPI Gas Pipeline Project (TGPP)
Report on Status of Implementation of SCs and STs Act 1989 Released The report on the status of implementation of SCs an d STs ( prevention of Atrocities) Act 1989 and Rules 1995 was released by the first Dalit chief Justice of India, Justice K.G.Balakrishna on 18 May 2012. The report was prepared by the National Coalition after collecting evidence by visiting the places of incidents and talking to victims across India for strengthening SCs and STs( Prevention of Atrocities ) Act. The report revealed substantial increace in cases of violence against SCs and Sts. It also highlighted loopholes in the implementation of the SCs and ST s Act and agreed that it has not been able to check atrocities against Dalits and Adivasis in an affective manner.
Goa gained top rank with highest per capita income in the country with a total estimated at 38005 rupees in 2011-12 against 35993 rupees in 2010-11.Delhi has the second position with a total per capita income of 1.75 lakh rupees. Haryana with per capita income of 109227 rupees positioned third. The estimates were prepared as per methodology prescribed by the Central Statistical Organisation based on provisional data provided by it.
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per capita income of 192652 rupees in 2011-12. The national average was
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The Union Cabinet Approved the 7.6 Billion Dollar TAPI Gas Pipeline Project (TGPP) on 17 May 2012. The TAPI gas pipeline project which organisation from the central Asian Nation Turkmenistan and reaches to India via Afghanistan and Pakistan is also referred to as the Peace Pipeline as some of the countries that it passes through dont enjoy good relationship with each other. The TAPI gas project will have a total length of 1680 km of the total length 144 km will be in Turkmenistan, 735 km in Afghanistan and 800 km in Pakistan, bringing it to the Indian borders. The pipeline, will be entirely functional in 2018 and supply gas over the next thirty years.
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The Competition Commission of India (CCI) formed an Eminent Persons Advisory Group (EPAG) on 7 May 2012. The group is constituted to give advice to CCI, on issues impacting markets and competition. The group comprise Infosys founder N.R. Narayana Murthy, former Comptroller and Auditor General V.N. Kaul, former Deputy Governor of Reserve Bank of India Rakesh Mohan, Biocon Chairman and
MD Kiran Mazumdar-Shaw, former Director, of IIM-Ahmedabad Bakul Dholakia, N.L Mitra. The Group will have interaction/meetings with the Commission two to three times a year.
The Union cabinet on 31 May 2012 approved a new telecom policy 2012 which seeks to do away with roaming charges across the country. replace more than decade old legislation. The new Telecom provide a predictable and stable policy regime for a period New Telecom Policy-2012 Highlights are 39 to The new policy called National Telecom Policy-2012 will
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Policy also simplifies the licencing policy.It also seeks to years. Some of the and 100 by the year 2020
1) Increase rural teledensity from the current level of around
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2) Repositioning of Mobile phone as an instrument of empowerment 4) Domestic Manufacturing - Making India a global hub
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3) Broadband -"'Broadband For All" at a minimum download speed of 2 Mbps
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former Chairman of CERC S.L Rao, former Vice-Chancellor of NLSIU, Bangalore
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According to data released by Ministry of Statistics of India on 1 June 2012, Bihar emerged as the state with highest economic growth rate in the country. The state recorded an impressive 13.1 per cent growth in 2011-12. Bihar topped the list for second consecutive year. The state was closely followed by Delhi and Puducherry.
The Union government on 30 May 2012 announced the constitution of a committee under the chairmanship of Prime Minister's Economic Advisory Councils (PMEAC) chairman C. Rangarajan to review the existing production sharing contracts (PSCs). The PSCs are to be reviewed in the backdrop of the The review followed the Comptroller and Auditor Generals (CAG) draft report that had asked the Petroleum Ministry to carry out a comprehensive review of the structure and elements of the guidelines for determining the basis or formula for well as for any other issues relating to PSCs. It will rewrite some of the terms in PSCs to protect the interests of the Government. The committee will look into the
The Central Government announced the setting up of a five-member technical Minister's
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group under the Chairmanship of Dr C Rangarajan, Chairman of the Prime Economic Advisory Council, to revisit poverty estimates, methodologies and identification of the poor. The committee made a comprehensively review of the existing methodology of estimation of poverty and examine if the poverty line should be fixed solely in terms of consumption basket or whether other criteria were also relevant.
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the PSCs signed for exploration and production of oil and gas.
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recent spat between Reliance Industries Ltd. (RIL) and the Petroleum Ministry.
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The World Wildlife Fund (WWF) released its report Living Planet Report 2012 on 15 May 2012. It revealed that; Biodiversity has decreased by an average of 28 percent globally since 1970. The WWF also urged the global community to environmental degradation seriously.A global environmental summit is to be held in the Brazilian city Rio De Janerio from 20 to 22 June 2012. The summit is take the issue of
expected to draw more than 50000 participants from different nations.
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On 5 May 2012, the moon had been closer to Earth than at any other times this year, which means it will appear up to 14 % bigger and 30% brigther han any other full moon of 2012. Its the supermoon ,it happens but once in a year.
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Science and Technology
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Pakistan Test Fired Hatf -III Pakistan on 10 May 2012 successfully test fired the traning launch of Hatf-III (Ghaznavi), a short range ballistic missile capable of carrying both nuclear and conventional warheads across 290 km . The launch was conducted at the conclusion of the annual field training exercise of the Army strategic force command.
U.S Company Space X Test flight of the dragon space capsule The U.S company Space X on 22 May in Florida ( Cape Canaveral) to lunch its own craft towards th e international space station. The test flight of the Dragon space capsule,which lanuched a top space Xs falcon 9 rosked,aims to show that indutry can restore U.S access to the ISS after NASA retired its space shuttle fleet last year . The mission is set to include a fly-by and berthing with the station in the next three days ,before the capsule returns at the end of may month.
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U.S has the capable of piercing defence systems being developed. THe strategic Missile forces test launched a new prototype ballistic missile from a mobile launcher at the plesetsk cosmodrome in Askhangalsk Region on 23 May. It was the second launch of deeply modernised yar missile named Avangard.
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Russia Successfully Test Fired a new Intercontinental Ballistic Missile
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The Soyuz TMA-04M rocket launches from the Baikonur Cosmodrome in Kazakhstan on 15 May 2012 carrying Epedition 31 Soyuz commander Gennady Padaika, NASA flight Engineer Joseph Acaba and flight Engineer Sargei Revin to the International space station.
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Soyuz TMA-04M Rocket Launches In Kazakhstan
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Large Solar Telescope A powerfull solar telescole billed as the largest in Europe opened recently on Spains canary Islands. Scinetist says it will alow them to study the sun unprecedented with a mirror diameter of 1.5meters , the Gregor telescope will be able to show structures on the sun on scales on small as 70 kilometres.
India Test Fired Anti Aircraft Akash Missile
Isarel Unleashes Spy Virus On Iran
Pakistan Successfully Test Fired Nuclear Capable Hatf9 Missile Pakistan on May 29 2012 succesfully test fired a short range Hatf9(Nasr)missile.The missile which has a range of 60kilometers is capable of carrying nuclear warheads. It was pakistans third ballastic missiile test since April2012.
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A Russian firm has discovered a new computer virus Flamewith unprecendented destructive potential that cheifly targets Iran. Kasperky Lab, is one of the Worlds biggest producer of anti-virus softwaer discovered the cyber weapon called Flame during an investigation that was prompted by the International Telecommunication Union.
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Defence Research Development organization (DRDO) official associate with the Akashmissile project.The missile,which has a strike range of 25km with warhead of 60 kgs,was test fired from a mobile launcher from launch complex-III of the ITR at about 110hrs.It is surface to air missile.
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Ondaatje Prize 2012 for his book The Sly Company of People Who Care. He is the first Indian author to have received this award. Bhattacharya was also conferred with the Hindu Literary Prize for Best Fiction, 2011 for the same book. The award is presented to the author who is a
citizen of or who has been resident in the Commonwealth.
Templeton Prize on 14 May 2012 for his role in promoting links between spirituality and science. The award was conferred at a ceremony in St. Paul's
awarded with Kalpana Chawla excellence
Auditorium, New Delhi. The award was
College Chandigarh Old Boys Association)
College and got her degree in aeronautical
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engineering in 1982 from this college.
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.Kalpana Chawla was an alumnus of this
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award on 6 May 2012 at Mavlankar
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Miss India World Vinya Mishra and Yesteryear actress Sushma Seth were
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The Tibetan spiritual leader Dalai Lama received the 1.7 million dollar
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Indian author Rahul Bhattacharya, on 29 May 2012 won the prestigious
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AwArds And Honors
Vice President of India Hamid Ansari conferred the 59th National Film Awards across various categories upon the winners at Vigyan Bhawan in New
Delhi on 4 May 2012. Ansari also presented the Dadasaheb Phalke award, highest
honour in Indian cinema to Veteran Bengali actor Soumitra Chatterjee. The best feature film award was shared by Marathi film Deool and Kannada movie Byari.
Daan. Chillar Party was adjudged the best children's film. Marathi actor Girish
awards. Kumararaja Thiagarajan won the Indira Gandhi Award for best debut film
Committees
Competition Commission Of India, Constituted Eminet Persons Advisory Group The competition commission of India (CCI) formed an Eminet Persons Advisory Group (EPAG) on 7 May 2012. The group is constituted to provide CCI inputs and advise on issues impacting markets and competition, among others. The group comprise Infosys founder N.R.Nayanan Murthy former comptroller and Auditor General V.N Kawl, Former Deputy Governor of Reserve Bank of India Rakesh Mohan, Biocon Chairman and M.S Kran Mazumdar- shaw, former Directorof IIMAmedhabad Bakul Dholaka, formerchairman of CEFC S.L.Ro, former vice chancellor of NLSIU- Bangalore N.L Mitra . Thee group will hold its maiden meeting on July 2012 The group will have interaction/ meeting with the commission two to three times a year.
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of a director for Aaranyakandam.
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Kulkarni and bollywood actress Vidya Balan got the best male and female actor
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Best director award went to Gurvinder Singh for his Punjabi film Anhe Ghorey Da
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Seven Members Committe To Look After Deplorable Conditions Of Widows
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Indian women squash team won the gold medal at the 16th Asian Squash Championship in Kuwait on 5 May 2012. The women team created a history by
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Seven-time World snooker champion, 43-year old Stephen Hendry of Scotland announced his retirement on 1 May 2012 after losing in the quarterfinals at the World Championships. He was snooker's world number one for eight straight years between 1990 and 1998, and again in 2006-2007.
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A committee was formed by Delhi Government on 18 May 2012 under the chairman ship of principal secretary of the Finance Department to promote the welfare of Delhi Transport Corp(DTC) workers. The objective of forming the committee is to ensure participation of DTC workers in Delhi Transport Cooporation management . The decision toform the committe was announced by Delhi Chief minister in a meeting.
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Committee Formed By Delhi Government To Promote Welfare Of DTC Workers
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The Supreme Court on 9 May 2012 set up a seven member committee to look into the deplorable conditions of widows destitutes living in Vrindavan and set an eight week dead line to complete the report. The committe headed by the chairman of the Mathura District Legal Services Authority and will prepare a list of the widows with their names , age and reasons for being in Vrindavan in Uttarpradesh.
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defeating the top seeded Hongkong team in the title clash. Joshna Chinnappa and number seven Annie Au respectively. Indian athletes won four gold, one silver and four bronze medals, in the first leg of the Asian Grand Prix in Bangkok on 8 May 2012. MR Poovama won gold in the the women's 400m, Sajeesh Joseph bagged gold in the men's 800m while,the men's 4X400m relay team of Joseph Abraham, Jitin Paul, Shake Mortaza and MP Kunhu bagged gold. The womens relay team of Saraswati Chand, Poovama also won the gold.
Dipika Pallikkal of India defeated world number sixteen Joey Chan and world
Indias Olympic prospect Deepika Kumari won her first Archary World Cup individual recurve gold medal on 5 May at Jin by six set points to four in the final of the Stage 2 of the championship. Ms. Deepika, who has already is Antalya, Turkey. She beat Koreas Lee Sung
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Malaysia won the Junior Hockey World Cup 2012 title by defeating Pakistan.
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London world
Debashree Majumdar, Ratandeep Kaur and
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Roger Federar of Switzerland defeated Tomas Berdych of Czech won the Madrid Open titleon 13 May 2012. With this win, he retained no.2 position.
Pranab Mukherji Union Finance Minister of India on 4 May 2012 was elected as Chair of the Asian Development Banks (ADB) Board of Governors. India will host the 46th annual meeting of the Asian Development Bank in New Delhi in 2013. Its head quartered at Manila.
Indian-American Vikram Singh, an expert on Afghanistan and Pakistan was appointed to an important position of Deputy Assistant Secretary of Defence for South and South East Asia at the Pentagon.
Vidya balan - Union Rural development Ministry of India on 4
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May 2012 elected bollywood actor Vidya Balan as the brand ambassador for improving the state of sanitation in the country. Vidyabalan in her new role will spread awareness about the need of sanitation among the people.
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PeoPle in news
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The Badminton mens team of China won the Thomas Cup by beating arch-rival South Korea 3-0 at the Wuhan Sports Complex Gymnasium, Huwan, china on 27 may. While thechinese women team won the Uber cup by beating the south korea.
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Justice Dalveer Bhandari-Justice Bhandari, the judge of the Indian Supreme Court, was elected to the position of Judge of the International Court of Justice (ICJ). He will have six-year tenure. He is eligible for re-election for a second term of nine years at the end of the present term. He is going to retire in September 2012, as a judge of the Supreme Court to assume the new charge.
Russian president for a historic third time at a glittering ceremony inside the Kremlin. He officially took over from outgoing President Dmitry Medvedev.
Commerce Secretary Rahul Khullar as the new chairman of the term on 13 May 2012. He replaced J S Sarma, whose tenure
J.M. AYRAULT (62)-A moderate Socialist, took over as
SHAH RUKH KHAN-The Mumbai Cricket Association owner and Bollywood superstar Shah Rukh Khan from
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entering the Wankhede Stadium for five years. He was banned for misbehaving with its officials and violating its
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(MCA) on 18 May 2012 banned Kolkata Knight Riders co-
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the Frances new Prime Ministeron 16 May 2012.
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ended on 14 May 2012.
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Telecom Regulatory Authority of India (TRAI) for a three-year
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Government
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Vladimir Putin- On 7 may took his oath of office to become
appointed
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rules.
General Bikram Singh - assumed the charge as the 25th Singh whose 26-month tenure came to end on 31 May 2012.He will remain at the top position for next two years General Bikram served as commanding officer of the
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and three months. Prior to his appointment to the top post,
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10 May 2012. The

290 km and it can hit its target in India. The

missile is capable of carrying nuclear warheads.

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missile has a range of

political system in the country. The move is one of the major

Aung San Suu Kyi took the oath of

For more Materials and Previous papers visit us at

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For more Materials and Previous papers visit us at

Pakistan on 29 May 2012 successfully test-fired a short-range Hatf IX

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For more Materials and Previous papers visit us at

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Bihar C.M Nitish Kumar Took Oath As Member of BLC

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1) Increase rural teledensity from the current level of around

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3) Broadband -"'Broadband For All" at a minimum download speed of 2 Mbps

former Chairman of CERC S.L Rao, former Vice-Chancellor of NLSIU, Bangalore

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The Central Government announced the setting up of a five-member technical Minister's

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expected to draw more than 50000 participants from different nations.

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Science and Technology

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Russia Successfully Test Fired a new Intercontinental Ballistic Missile

Soyuz TMA-04M Rocket Launches In Kazakhstan

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India Test Fired Anti Aircraft Akash Missile

Isarel Unleashes Spy Virus On Iran

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For more Materials and Previous papers visit us at

citizen of or who has been resident in the Commonwealth.

awarded with Kalpana Chawla excellence

Auditorium, New Delhi. The award was

College Chandigarh Old Boys Association)

College and got her degree in aeronautical

engineering in 1982 from this college.

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.Kalpana Chawla was an alumnus of this

instituted by PECOBA (Punjab Engineering

award on 6 May 2012 at Mavlankar

Indian author Rahul Bhattacharya, on 29 May 2012 won the prestigious

AwArds And Honors

For more Materials and Previous papers visit us at

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of a director for Aaranyakandam.

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Committee Formed By Delhi Government To Promote Welfare Of DTC Workers

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Commonwealth Games. She had also won the

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Cadet World Title in 2009.

champion and a gold medallist at the Delhi

Debashree Majumdar, Ratandeep Kaur and

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