Current Affairs 04th September 2015

  • Logo for 2020 Tokyo Olympics Games was scrapped for plagiarism accusation 
Tokyo 2020 Olympics Games logo was scrapped by Games Organising Committee after there were allegations by a Belgian graphic designer Olivier Debie that it was plagiarised from his work. 
Designer claimed that this logo was similar to his 2013 logo for the Theatre de Liege.

  •  Bazmi Husain was appointed as Chief Technology Officer of ABB India Ltd
Bazmi Husain was appointed as new Chief Technology Officer (CTO) of ABB India Ltd. Husain who is a power and automation expert has been working with ABB from three decades. 
Do You Know :
  • CEO of ABB is - Ulrich Spiesshofer
  • ABB brings together an international team of highly skilled scientists across a variety of disciplines.
  • Forward Markets Commission Commission is set to merge with SEBI with effect from 28 Sept 2015

  • Forward Markets Commission (FMC) is set to merge with Securities and Exchange Board of India (SEBI) as per the notification of Union Govt on 28th August 2015.
    For this purpose, the government repealed the Forward Contracts Regulation Act (FCRA) 1952 and made a way to shift the Regulation of Commodity Derivatives Market to SEBI under Securities Contracts Regulation Act (SCRA) 1956 

  • Russia country rejected French proposal to limit veto power of UNSC's permanent members
Russia rejected the proposal of France asking United Nations Security Council (UNSC) permanent members to limit the use of the veto power at least in cases involving mass atrocities that demands action.

Current Affairs 2nd September 2015

  • Durban city will host the XXII Commonwealth Games in 2022
Image result for Durban city will host the XXII Commonwealth Games in 2022South African city Durban was selected as the host for the XXII Commonwealth Games by the Commonwealth Games Federation (CGF) General Assembly.
With this announcement, South Africa became the first country from Africa to host the games in past 85 years.
On 18 July 2022, to mark the birth anniversary of South African anti-apartheid revolutionary Nelson Mandela, the game is scheduled to be started.
About Commonwealth Games
  • So far, Britain have hosted the Games six times, Australia and Canada four times each, New Zealand three times, and Jamaica, Malaysia and India (2010) once each.
  • While the XIX Games was held in Glasgow of the UK, the XX Games will be held in Gold Coast, Australia.
  • The General Assembly of the CGF is responsible for the direction and control of the Commonwealth Games. It is the highest authority of the Commonwealth Sports Movement.
  • It is a multi-disciplinary international sporting event that involves athletes from 71 nations and territories connected with the Commonwealth.
  • It is held once every four years. It is often referred to as the Friendly Games.
  • The first event was organised in 1930 in Hamilton, Canada.

  • Mumbai has won Buchi Babu Memorial Trophy of Cricket 
Mumbai won the Buchi Babu Memorial Trophy in the All India invitation cricket tournament.
Surya Kumar Yadav of mumbai was awarded with the Man of the Series.
About Buchi Babu Memorial Trophy
It is an annual tournament held in honour of Mothavarapu Buchi Babu Naidu.
He was born in 1868 and was an Indian socialite and cricket pioneer who organised cricket clubs for native Indians. He is known as the “father of south Indian cricket”. He founded the annual Madras Presidency Matches.

  • West Central Railway  zone has became the first zone to eliminate all Unmanned Level Crossings  
The first railway zone in the country to eliminate all Unmanned Level Crossings (ULCs) is the West Central Railway.

Image result for West Central Railway  zone has became the first zone to eliminate all Unmanned Level Crossings
Out of total 118 unmanned level crossings, 80 were removed in the financial year 2014-15 and the remaining 38 were removed by 31st August 2015.
By the construction of 33 Limited Height Sub Ways (LHs) and manning of 30 level crossings, the safety initiative was achieved.

  • Policy for Marginal Fields of ONGC and OIL was approved by - Union Cabinet
The Union Cabinet gave its nod for Policy for Marginal Fields (MFP) of Oil and Natural Gas Corporation (ONGC) and Oil India Limted (OIL).
Marginal Fields are those discoveries that could not be fabricated for many years due to various reasons such as isolated locations, small size of reserves, high development costs, technological constraints, fiscal regime etc.
Characterstics of Policy for Marginal Fields
  • The aim of the policy is to stimulate investment as well as higher domestic oil and gas production.
  • 69 oil fields will be opened for competitive bidding which have been held by ONGC and OIL for many years, but have not been exploited.
  • Private sector will be allowed to play a bigger role in the development of marginal fields
  • The Duels of the Himalayan Eagle authored by - Air Marshal Bharat Kumar
The Indian Air Force (IAF) commissioned book, The Duels of the Himalayan Eagle: The first Indo-Pak Air War was released by Vice President Mohd. Hamid Ansari at the inauguration of the Tri-Services Seminar to commemorate the Golden Jubilee celebrations of the India-Pakistan War of 1965 in New Delhi.
In the book, the author has tried to club official records, squadron diaries and veteran accounts of the war, who was a young fighter pilot during the 1965-war.

  • Dinesh Kumar Likhi is appointed as CMD of Mishra Dhatu Nigam Limited 
Dinesh Kumar Likhi was appointed as the Chairman-cum-Managing Director (CMD) of Mishra Dhatu Nigam Limited (MIDHANI). Earlier to this appointment, he was Director (Production & Marketing) of MIDHANI itself.

Image result for Dinesh Kumar Likhi is appointed as CMD of Mishra Dhatu Nigam LimitedHe has replaced M Narayana Rao. As a CMD of MIDHANI, he will contribute in research, development, manufacture and supply of critical alloys and products of national security and strategic importance for defence, aerospace and atomic energy in a bigger way.
About Mishra Dhatu Nigam Limited (MIDHANI)
  • It is a Hyderabad-based Public Sector Unit that works under the Ministry of defence.
  • It was established in 1976 with the motive of proving the nation self reliance in strategic materials. For over three decades now, the company has been handling challenging tasks of developing alloys, taking a lead position in adapting critical technologies and products.
  • It has now started offering its core competence of developing and manufacturing custom made alloys to suit the specific requirements of customers for their critical applications.