Current Affairs : June 3, 2010

Indira Gandhi Paryavaran Puraskar 2008 – Isha Foundation
Isha Foundation is an NGO, founded by Sadhguru J Vasudev, whose “Project Green Hands” is a movement to raise the green cover of Tamil Nadu by 10 per cent. In the last 5 years, over 300,000 Isha volunteers across Tamil Nadu and Puducherry have raised 8.2 million trees for plantation. The foundation has been selected for prestigious ‘Indira Gandhi Paryavaran Puraskar’ 2008.

Instituted by the Ministry of Environment and Forests in 1987, the award called ‘Indira Gandhi Paryavaran Puraskar’ is given to those who make or has the potentialto make measurable and major impact in the protection of environment.

National Updates:
Air Marshal (Retd.) Bhushan Nilkanth Gokhale Court of Inquiry
Government of India has appointed Court of Inquiry into air crash of the Air India Express Boeing 737-800 aircraft VT-AXV which occurred near the Bajpe Airport, Mangalore on 22 May, 2010 while operating a scheduled flight IX-812 from Dubai to Mangalore resulting in the death of 158 passengers. For this purpose the government appoints Air Marshal (Retd.) Bhushan Nilkanth Gokhale to hold the investigation. Headquarters of this court will be at New Delhi. The Court will complete its investigation and submit the report to the Government by 31 August 2010.

Civil Aviation Safety Advisory Council (CASAC) -First meeting
Praful Patel, Minister of Civil Aviation inaugurated the first meeting of the Civil Aviation Safety Advisory Council (CASAC)

Civil Aviation Safety Advisory Council (CASAC) was set up under the Chairmanship of Director General of Civil Aviation (DGCA) on May 29, 2010. It consists of 28 members drawn from various aviation sub-sectors such as airlines (both public and private), flight operations, air worthiness, operations etc has been constituted for a period of one year. The Council is advisory in nature and will advise DGCA in areas of operations of aircraft – (commercial and general aviation), aerodromes and Heliports, air-navigation services, air operator certification, airworthiness of aircraft including maintenance, certification of aeronautical products, and human performance and training.

The council will review the existing regulatory framework and give recommendations to further strengthen the aviation safety. It will also develop, examine and recommend incorporation of best regulatory practices, recommend short, medium and long term measures for safety enhancement and reflect public views on aviation safety matters.

In the first meeting the DGCA was directed to institutionalize the CASAC, organize regular meetings of the Council and act upon all its suggestions to increase its effectiveness. He also called upon all airlines, airport operators and others associated in the sector to be equally responsible for the safety of the sector.

Kerala: Goodwill Ambassador of khadi- Mohan Lal
Malayalam matinee idol ”Padmasri” Mohanlal was honored by the state government with the ”Goodwill Ambassador” title for the promotion of handloom-khadi industry in the State.

Mizoram: 26th Sainik School
Ministry of DONER (development of North Eastern Region) has sanctioned Rs. Rs.8,289 lakh for construction of a Sainik School at Chhingchhip in Serchhip district of Mizoram. This is first of Mizoram, fourth of North East India and 26th of India’s Sainik Schools.

Sainik Schools

Sainik Schools were conceived in 1961 by then defence minister V.K. Krishna Menon to rectify the regional and class imbalance amongst the officer cadre of the military and prepare students for entry into the National Defence Academy (NDA) and the Indian Naval Academy.

Kerala : Forest Development Agency
To co-ordinate activities of Participatory Forest Management (PFM) institutions — Vana Samrakshana Smithies (VSS) and Eco-development Committees(EDC) — at Forest Division level, the Kerala Government inaugurates the State Forest Development Agency on June 3, 2010. Participatory Forest Management (PFM) institutions seek to improve the livelihood of forest-dependent communities (Adivasis) and as a strategy for ensuring their participation in forest conservation efforts.

Business & Economy:
Reserve Bank of India: Application Tracking System
The Reserve Bank of India has launched the application tracking system to track applications made to the various departments of the RBI. The applicant can then submit an online application, attach related documents, view it and track its movement. The system can not be used for complaints made under Banking Ombudsman Scheme.

Reserve Bank of India: Damodaran Committee
Reserve Bank of India has constituted a committee under the chairmanship of M. Damodaran, former chairman of SEBI, to look into banking services rendered to retail and small customers, including pensioners. This is a 7 member committee and will look into the grievance redressal mechanism prevalent in banks, its structure and efficacy and suggest measures for expeditious resolution of complaints.

India-South Africa CEOs Forum
India-South Africa CEOs Forum was launched by South African President Jacob Zuma and India’s Minister of Commerce & Industry Anand Sharma. The forum is headed by Ratan Tata from the Indian side and Mr. Patrice Motsepe, Executive Chairman, Africa Rainbow Minerals from the South African side.

India South Africa Trade

India is South Africa’s largest trading partner in South and South-East Asia and one of South Africa’s top ten trading partners globally. Bilateral trade which was valued at only US $ 1.3 billion in 2000-01 crossed US $ 7 billion mark in 2008-09. It is expected to touch US $ 10 billion by 2012.

Wipro- hydraulic cylinders facility in China
Wipro Infrastructure Engineering (WIE) which is a part of Wipro Ltd announces that it has signed an agreement with Chinese Wujin Hi-tech Industrial Zone (WIZ) to set up a facility to manufacture hydraulic cylinders at Changzhou. This is Wipro’s first global manufacturing location in China and 9th in the world.

World Bank: Microfinance Project Loan for India
The world bank has approved a loan of $300 million for the Scaling up Sustainable and Responsible Microfinance project. This funding for the microfinance project will be used by Small Industries Development Bank of India (SIDBI) for on-lending to Indian microfinance institutions and to support responsible finance initiatives such as the establishment of a microfinance information platform and promotion of adherence to a code of conduct for MFIs (microfinance institutions)

World Bank : Loan to strengthen the statistical sector
The world Bank has also approved a loan of $ 107 million to support Indian government’s plan for institutional and policy-based reform of state statistical systems within a national policy framework. The project will enable states to work towards “common national standards relating to key statistical activities and to improve the credibility, timeliness and accuracy of these and other statistics at both central and the state level.

Latest WTO stats on World Exports
In the first quarter of 2010 (January -March) , the global merchandise exports grew by a healthy 27 per cent as per the latest international trade statistics report by WTO. This growth was driven by significant increase in exports from China, Japan, India and other Asian countries. India’s exports during the period increased by a robust 33 per cent while that of Japan and China surged 48 per cent and 29 per cent.

On Michael Jackson Museum
Gary, Indiana, United states is the place where the Michael Jackson museum is coming up. Father of the pop legend, Joe has signed a deal to create a $300 million worth museum dedicated to his late son. (

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