current affairs 17 May 2015

Seven agreements signed between India & South Korea

The agreements signed are

i. The Double Taxation Avoidance Convention signed in 1985 has been revised with a view to avoiding the burden of double taxation on taxpayers in the two countries.

ii. Agreement signed to cooperate in audio-visual co-production, which would enable co-production of films, animation and broadcasting programmes.

iii. The two nations also signed a MoU for cooperation between the National Security Council Secretariat of India and the Office of National Security of South Korea.

iv. Another MoU was signed on cooperation in the field of electric power development and new energy industries.

v. The two nations also signed a MoU to strengthen and encourage cooperation on youth matters through participation in events and activities through exchanges, international conferences, seminars, youth camps, festivals etc.

vi. The two sides also signed Framework of Cooperation (FOC) in the Field of Road Transport and Highways.

vii. The MoU on cooperation between the two countries in the fields of maritime transport and logistics including through sharing of technologies, information and experiences, the training of seafarers, exchange of experts and port operations etc was also signed.

David Granger becomes eighth President of Guyana

  • He was sworn-in as the President after the Guyana Elections Commission Chairman Dr. Steve Surujbally formally announced that his Coalition party had won the 2015 General and Regional Elections.

Govt. of India allocated 5,000 crore rupees for AYUSH Mission

  • The government of India has allocated 5,000 crore rupees for the growth of Department of AYUSH, that comprises Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homoeopathy.

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’