current affairs 21 May 2015

SBI join hands with PayPal to enable cross-border transactions

• State Bank of India (SBI), has partnership with digital payments company, PayPal, to facilitate cross-border trade and payments.
• Initially, the provisions of the agreement would be rolled out for international transactions but will shortly be extended to cover domestic ones

SBI ties up with Snapdeal to offer seller finance

• Under the scheme, SBI will provide loans to small and medium enterprises at easier interest rates. Data regarding the sellers will be provided by Snapdeal.
• According to Kunal Bahl, CEO, Snapdeal, there are at least 150,000 sellers associated with Snapdeal. E-com major Snapdeal operates in a marketplace model.

Saina Nehwal regains no. 1 in world badminton rankings

• Top Indian shuttler Saina Nehwal regained the number one spot in the latest BWF world rankings

Anti-Terrorism Day bserved on 21st May

• Purpose of this day is to educate and wean away people from terrorism and violence.

Air-to-Air supersonic Astra, was successfully fired

• The indigenously developed air-to-air supersonic Astra, was successfully fired from Su-30 MKI fighter aircraft and tested for a very long range at the Integrated Test Range, in Odisha.
• The 3.8 metre tall Astra can carry a warhead weighing 15 kg and intercept and destroy enemy aircraft at supersonic speeds in head-on and tail chase modes