current affairs 16 May 2015

Union Government appoints M J Joseph as Controller General of Accounts

About Controller General of Accounts (CGA)


  • CGA is the principal Accounts Adviser to the Union Government. 
  • He is responsible for maintaining and establishing a technically sound management accounting system.
  • Every month he prepares a critical analysis of revenues, expenditures, borrowings and the deficit for Union Finance Minister.
  • He also prepares annual Union Finance Accounts and Appropriation Accounts (Civil) for presentation to the Parliament.



PM Narendra Modi Inaugurates ICICI Bank’s First Branch In China

Shanghai, China’s biggest city and a major global financial hub, the new branch would begin with 17 banking professionals handling different functions including corporate banking, operations, finance and treasury.With a total consolidated asset base of $132 billion



Egypt’s Former President Mohamed Morsi Sentenced To Death


  • An Egyptian court has sentenced the former president Mohamed Morsi to death over a mass prison break in 2011.
  • Mohamed Morsi, Egypt’s first freely elected president





Discovered New State of Matter



  • Scientists at Tokohu University in Japan have discovered a new state of matter called the ‘Jahn-Teller-metal’


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