Renowned Indologist awarded prestigious Israel Prize
Renowned Indologist Professor David Shulman has been awarded the prestigious Israel Prize for his breakthrough studies in fields like religion and philosophy. Announcement in this regard was made by Education Minister of Israel Naftali Bennett at the recommendation of the prize committee, headed by Professor Shaul Shaked.
Facts about Professor David Shulman
Professor Shulman of Hebrew University of Jerusalem is a brilliant researcher who had done breakthrough studies on the religion, literature, and culture of southern India.
He is an internationally renowned expert in this field, and his work is enhanced by his command of a wide range of languages, including Sanskrit, Tamil, Telegu and Malayalam.
Political orientation : He is known to be active in a left wing organisation, Ta’ayush, a joint Israeli-Palestinian initiative active in the south Hebron Hills.
Professor Shulman has made an important contribution to research management and teaching in Israeli universities. In Israel he founded the field of India studies and most India researchers in Israel are his students.
Awards and Honours : He won the prestigious MacArthur Fellowship in 1987, making him the first Israeli to be conferred with the honour. He is also the winner of Emet Prize, awarded annually by the Prime Minister’s Office for excellence in academic and professional achievements. He is a member of the Israel Academy of Sciences, the American Academy of Sciences.>Login To Save for Revision
- M. Devaraja Reddy elected as new ICAI president
M. Devaraja Reddy has been elected as President of The Institute of Chartered Accountants of India (ICAI). Prior to this appointment, he has served as Vice President of ICAI for the Council Year 2015-16. He has been a chartered accountant for 28 years.
About Institute of Chartered Accountants of India (ICAI)
ICAI is a statutory body established by the Chartered Accountants Act, 1949 for the regulation of the profession of Chartered Accountants in India.
The affairs of the ICAI are managed by a Council in accordance with the provisions of the Chartered Accountants Act, 1949 and the Chartered Accountants Regulations, 1988.
The Council is composed of total 40 members of whom 32 are elected by the members and remaining 8 are nominated by the Union Government generally representing the Comptroller and Auditor General of India, Ministry of Corporate Affairs, Ministry of Finance and other stakeholders.>Login To Save for Revision
- DRDO to conduct Captive flight trials of anti-radiation missile soon
Missile technologists of the Defence Research and Development Organisation.have planned to conduct Captive flight trials of an advanced, state-of-the-art Anti-Radiation Missile (ARM) by April-May this year. The maiden flight test will be conducted by the end of this year.
During the captive flight trials, scientists will evaluate the performance of the seeker, navigation and control system, structural capability and aerodynamic vibrations. These will be followed by ground testing and the missile will be fired from Su-30 during the actual flight trial by year-end.
About Anti-Radiation Missile
The air-to-surface tactical missile indigenously developed by Defence Research and Development Laboratory (DRDL) will target the enemy’s air defence capabilities by attacking radars and communication facilities by picking up the radiation or signals from these facilities.
The range of the missile is 100 to 125 km and it will be mounted on combat aircraft Sukhoi (Su-30) and Tejas-Light Combat Aircraft.The missile uses dual pulse propulsion system as in the case of LR-SAM (Long Range Surface-to-Air Missile) instead of thrust propulsion.
The entire missile is being developed indigenously, including the seeker. The missile will be inducted in about two years after conducting a number of developmental trials. Only a few countries, including the U.S. and Germany, have ARMs at present.>Login To Save for Revision
- Sindh becomes first province of Pakistan to adopt Hindu Marriage Bill
Pakistan's Sindh Assembly passed the landmark Hindu Marriage Bill, 2015 becoming the first provincial legislature in Pakistan to formalise the recognition of marriages of the Hindu, Sikh and Jain minorities.
This is first law of it's kind passed since formation of Pakistan in 1947 that provides mechanism for formally registering Hindu marriages in Sindh, a second largest religious minority community in the country.
Key provisions of Hindu Marriage Bill, 2015
- The bill fixes the minimum age of marriage at 18. The bill makes it necessary that a marriage is solemnised after consent of both male and female and at least two witnesses must be present at the time of the solemnisation and registration of the marriage.
- As per the bill, every marriage being solemnised under this act will be registered with the union council/ward within 45 days of the solemnisation. Any person who fails to get his marriage registered will be liable to pay a fine of 1,000 rupees.
- The law will have retrospective effect for the purpose of validation and registration of the marriage prior to this law. It ensures the conservation of women’s matrimonial rights, such as pension for widows, share in husband’s property.
Criticism : There are concerns about clause 12(iii) of the Hindu Marriage Bill which states that a marriage could be terminated if either spouse converts to another religion. There are chances that the bill could be used for forced conversions of Hindu girls and women. Earlier there have been issue of forced conversion of Hindu women and girls particularly in rural areas of Sindh.
Background : Hindus are Pakistan’s second largest religious minority, with an estimated population of 3.3 million, they have demanded a separate personal law to regulate their marriages sincde long time but due to absence of a Hindu Marriage law, the minority community (especially women) faced a huge hindrance to obtain national identity cards, marriage certificates open bank accounts or apply for visas.>Login To Save for Revision
- NRDC inks MoA with Indian Association for the Cultivation of Science (IACS) on Technology Transfer
National Research Development Corporation (NRDC) has entered into Memorandum of Agreement (MoA) with Indian Association for the Cultivation of Science (IACS), Kolkata for commercialisation of technologies and intellectual properties (IP) developed at IACS. Under this MoA, NRDC shall will provide its services in IP Evaluation/Valuation in terms of their commercial potential to IACS.
National Research Development Corporation (NRDC)
It is an Enterprise of Department of Scientific & Industrial Research which works under Ministry of Science & Technology. NRDC has been working for more than six decades in development, promotion and commercialisation of technologies emanating from R&D organization and academia. So far, it has licensed technologies of more than 4800 companies/ entrepreneurs in the country in almost all sector of industry.
Indian Association for the Cultivation of Science (IACS)
The Indian Association for the Cultivation of Science (IACS) is an autonomous and oldest research institute in India. The institute is devoted to the pursuit of fundamental research in the frontier areas of Physics, Chemistry, Biology, Energy, Polymer and Materials. In each field, IACS nurtures young and innovative research fellows in their R&D programs.>Login To Save for Revision
- Jharkhand gets its First Mega Food Park
Union Food Processing and Industry Minister Harsimrat Kaur Badal inaugurated the first mega food park of Jharkhand at village Getalsud, district Ranchi on 14 Feb, 2016. The park is promoted by Jharkhand Mega Food Park Pvt. Ltd and seeks to give an impetus to the growth of the food processing sector in the state.
Facts about the food park
The mega food park has been set up with the project cost of Rs 114.73 crore in an area of 51.50 acres. It will have facilities of multi chamber cold storage, dry warehouse, vegetable dehydration line, modern quality control and testing laboratory and other processing facilities for fruits & vegetables.
This park has a central processing centre (CPC) at Ranchi and six primary processing centres (PPCs) are being set up at Lohardaga, Gumla, Hazaribagh, Belchampa, Domchach and Patratu to provide strong backward linkages.
The food park will help in providing better prices to farmers, reduce wastage of perishables, add value to agricultural produce and create huge opportunities for entrepreneurship and employment for the youth of the state.
The park is expected to provide direct and indirect employment to about 6000 people and benefit about 25,000-30,000 farmers in its catchment area.>Login To Save for Revision
- National Capital goods policy 2016, unveiled
The government has unveiled a National Capital Goods Policy 2016 to give an impetus to the capital goods sector and a leg up to the Make in India initiative. This is for the first time that Union Government (Ministry of Heavy Industry & Public Enterprise) has framed a national policy for the capital goods sector.
The Department of Heavy Industry (DHI) had set up a Joint Taskforce with Confederation of Indian industry (CII) so that the formulation of the Capital Goods Policy is done most democratic manner and pave the way for Capital Goods sector to become a part of global value chains apart from mere supply chains.
National Capital Goods Policy 2016
The policy envisages increasing exports from the current 27% to 40% of production while increasing share of domestic production in India's demand from 60% to 80%, thus making India a net exporter of capital goods.
Objective : The policy also aims to facilitate improvement in technology depth across sub-sectors, increase skill availability, ensure mandatory standards and promote growth and capacity building of MSMEs.
The policy aims to create game changing strategies for the capital goods sector by addressing some of the key issues including availability of finance, raw material, productivity, quality and environment friendly manufacturing practices, innovation and technology, creating domestic demand and promoting exports.
Strengthening the existing scheme of the DHI (Department of Heavy Industry) on enhancement of competitiveness of Capital Goods Sector by increasing budgetary allocation. It aims is to enhance the export of Indian made capital goods through a 'Heavy Industry Export & Market Development Assistance Scheme (HIEMDA)'.>Login To Save for Revision
- India participates in Cobra Gold 2016 multilateral exercise
Twelve personnel from the engineering and service corps of the Indian Army are participating as observers in the 35th edition of annual Asia-Pacific military exercise " Cobra Gold " being hosted by Thailand, along with its counterparts from China and Pakistan.
India has been invited to the exercises as an “observer plus” country. Indian army has been invited for this Asia-Pacific military exercise keeping in view the recent trend of India’s increasing regional interoperability with a series of multi-lateral exercises on land and sea.
Theme: Humanitarian assistance and disaster relief
About Cobra Gold
Cobra Gold is the largest Asia-Pacific military exercise held in Thailand every year. It is among the largest multinational military exercise in which the United States participates. Cobra Gold was first held in 1982 to improve coordination between the armed forces of the United States and Thailand in both hostile military and humanitarian efforts.
Cobra Gold has three distinct activities
- Combined Arms Live Fire Exercise (CALFEX)
- Command Post Exercise (CPX)
- Assisting the local Thai population
The exercise was proved effective in improving coordinated military response during numerous natural disasters including the 2004 Indian Ocean tsunami, 2011 Tohoku tsunami and aftermath 2013 Typhoon Haiyan in Philippines.>Login To Save for Revision
- Indian Railway opts for online fuel management system
Indian Railway is framing, a first of its kind proposal to develop an online fuel management system, to check pilferage and bring transparency in fuel consumption.
Railway Minister Suresh Prabhu is likely to announce the fuel management system in the Rail Budget 2016-17 on February 25. Indian Railway spends about 14 per cent of its earning on high speed diesel which is approximately Rs 18,000 crore a year.
Centre for Railway information systems (CRIS) , the technology arm of Indian Railway will develop the online fuel management system at an estimated cost of Rs 21 crore. once the system is operational, fuel-related information including consumption and expenditure will be known on real-time basis.
There are Railway Diesel Installations (RDI) across the country where fuel is dispensed for rail use. Currently railways monitor use of fuel and expenditure of diesel manually which leaves scope for pilferage as well as excess expenditure but implementation of fuel management system in (RDIs), the complete activity of fuel receipt to issue to locomotive will be available online.>Login To Save for Revision
- Micromax enters top three handset brands in Russia
India’s home-grown handset brand Micromax has captured the third spot in the mobile market of Russia for the first time ever with 9 per cent market share and is growing more than 350% annually.
Alcatel One Touch climbed to the number one spot, capturing 12% market share and growing 60% annually. Micromax, expanded its operations in Eastern Europe a couple of years ago, and is now leveraging benifits of distribution and marketing.
The Russian economy shrank 3.7%, a sharp dip since the global crisis in 2009, but the overall mobile phone demand was surprisingly good, up by 8%. The growth in mobile market of Russia was driven by a rise in cheaper feature phone demand during the quarter.
The smartphone market was flat compared to last year which signals the demand for better and more affordable mobile devices, filling the demand gap. This is the correct time for cheap and affordable brands such as Micromax and Alcatel OneTouch to strengthen their brands in newer markets and move up the global rankings.>Login To Save for Revision
- Sixth Secretary-General of the United Nations Boutros Boutros-Ghali passes away
The sixth Secretary-General of the United Nations (UN) Boutros Boutros-Ghali died at a hospital in Cairo, Egypt. He was 93.
He was Egyptian politician and diplomat and first Arab to serve as the chief of United Nations. Boutros-Ghali oversaw the UN at a time when it dealt with several world crises, including the break-up of Yugoslavia and the Rwandan Genocide.
Facts about Boutros Boutros-Ghali :
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- He was Born on November 14, 1922 into a Coptic Christian family in Cairo. His grandfather Boutros Ghali had been Prime Minister of Egypt . He was educated at Cairo University and University of Paris.
- He later studied international relations at Columbia University in New York and became Egypt’s foreign minister in 1977 and President of the African Society of Political Studies in 1980.
- In 1991 he was elected as the sixth Secretary-General of the UN. In 1992, he submitted An Agenda for Peace, a suggestion for how the UN could respond to violent conflict.
- During his tenure as Secretary-General of the UN he was criticised for the UN's failure to act during the 1994 Rwandan Genocide, which officially left over one million people dead.One of the hardest tasks during his term was dealing with the crisis of the Yugoslav Wars after the disintegration of the former Yugoslavia.
- After leaving the UN, Boutros-Ghali served from 1998 to 2002 as secretary-general of La Francophonie, a grouping of French-speaking nations. In 2004, he was named president of Egypt’s human rights council, a body created by then-Egyptian President Hosni Mubarak.
- IT highest paying sector in India : Report
Information Technology sector employees get the highest pay in India with a median gross hourly salary of Rs 346.42, while those in the manufacturing sector get paid the least at Rs 254.04 and those in BFSI sector are paid Rs. 300.23 per hour, says a report released by Monster Salary Index.
Despite being paid about 24% higher than the median salary of country, only 57.4% employees in the IT sector are satisfied with their pay. Employees in the manufacturing sector are paid about 9% lesser than the median salary for the entire Indian economy taken together (Rs 279.7/hr).
Study shows that irrespective of the education levels, the salaries in the manufacturing sector are very low even for a Master's degree holder the median hourly salary stands at Rs 260.8/hr.
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- M. Devaraja Reddy elected as new ICAI president