DAILY GK UPDATE – 16th May

1.   
Narendra Modi all set to be PM, BJP to get majority on its
own 
i. Narendra Modi appears all set to be the next Prime
Minister with BJP likely to get a majority on its own, wresting power from
Congress which is on the path of recording its worst ever performance in the
Lok Sabha polls.

ii. Recording its best
ever performance in its 34-year existence, the BJP on its own was leading in
276 seats, three more than the required half-way mark in the 543-member House,
while its allies were ahead in 49 seats.

iii. This
will be the first time after 30 years that a single party is securing a
majority on its own after the massive number of 419 seats Rajiv Gandhi got in
1984 in the aftermath of Indira Gandhi’s assassination. 

iii. Set
to take over the Prime Minister next week, Modi tweeted “India has won,
good days are coming”. 
The
BJP under Atal Bihari Vajpayee had scored an individual tally of 182 seats,
both in 1998 and 1999.
iv. On
the other hand, the ruling Congress was struggling with leads only in 52 seats
while its allies NCP (5), IUML (2), Kerala Congress and RSP (one each) were
leading in nine seats.

v. BJP’s
Prime Ministerial candidate Narendra Modi won from Varanasi  and Vadodara.
vi. The process of government formation will kick in with the
election commissioners meeting the president of India on 19th evening to
present him the results of the 16th general elections.
vii. Outgoing
Prime Minister Manmohan Singh congratulated Narendra Modi over BJP’s victory in
elections. Manmohan Singh will tender resignation tomorrow at 12.30 pm.
Viii.
Ten-year tenure of UPA-II will formally end tomorrow. ”
The BJP parliamentary
party will elect him the leader soon after and the swearing in could be
expected on 23rd or 24th of May.
Britain congratulates
BJP and Modi on victory
:
Britain congratulates Narendra Modi and the Bharatiya Janata
Party (BJP) on their success in the Indian general election, British Foreign
Minister William Hague said.
Australian PM
congratulates Modi
:
Australian Prime Minister Tony Abbott congratulated Narendra
Modi Friday for leading the BJP to victory in the Indian general elections.
2.    Justice JS Khekar recused himself from hearing Sahara
Case
i. The
Supreme Court judge Justice JS Khehar who was hearing the case of the Sahara
Chief Subrata Roy in chit fund scam recused himself from hearing the case
further. Now the hearing will be preceded by a newly constituted bench of
Supreme Court.

ii. A
communication of Justice JS Khehar on 6 May 2014 stating that he rescues from
the case of Sahara was placed in front of the Chief Justice of India RM Lodha
on 7 May 2014.
iii. Immediately the CJI constituted
a new bench on the same matter. This issue was said in a release by Registry
office of the apex court on 15 May 2014.
3.    Plastic currency notes to be launched in 2015:
Raghuram Ranjan
i. Raghuram
Rajan, the Governor of the Reserve Bank of India (RBI) announced that plastic
currency notes will be launched in 2015 after field trials.
ii. He said it after
the Central Board of Directors of the RBI Meet in Shimla, Himachal Pradesh.
Note: Earlier in February
2013, Union Government had informed Parliament that it will introduce one
billion plastic currency notes in five cities in later half of 2014 on a pilot
basis. The five selected cities for pilot testing are Shimla, Kochi, Mysore,
Jaipur, and Bhubaneswar.
4.    Grant Flower named as Pakistan batting coach
i. Grant
Flower, the former Zimbabwe batsman on 15 May 2014 was named as the batting
coach of Pakistan cricket team for two years. He will join the Pakistan side on
1 August 2014 just before the Sri Lanka series of the team.
ii. Grant Flower name
was finalised on the recommendation of the coaching committee comprised of 


• Moin Khan – Chief
Selector


• Intikhab Alam –
director domestic cricket operations


• Haroon Rashid –
director game development


iii. This
appointment of Grant Flower came a week after Waqar Younis returned as the head
coach of Pakistan.
iv. Earlier, Grant
Flower (43) has served as the batting coach of Zimbabwe for over three years
from October 2010. In cricketing he had a lengthy career which included 221
ODIs and 67 Tests. 
5.    AIBA approved Boxing India as the new provisional
member to represent India
i. The
International Boxing Association (AIBA) Executive Committee on 15 May 2014
approved the application of Boxing India (The Bout outside the Ring) as the new
provisional member of AIBA to represent India. 

ii. The approval came after the AIBA Executive Committee was
convinced that the new vision and the initiatives proposed by Boxing India
would help revive the sport of boxing in the India in a professional and
ethical manner.

iii. Boxing
India would be a provisional member of AIBA until the ratification by AIBA
congress. The ratification will be done on the basis of recommendations given
by the AIBA Evaluation Committee.
6.    Union Government extended Ban on LTTE for five years
i. The Union Home Ministry on 14 May 2014 extended the ban imposed
on the Liberation Tigers of Tamil Eelam (LTTE) in India for five more years.
ii. The five year ban
extension came into effect from the day of notification. Earlier the ban was
imposed on LTTE in May 2012.
iii. India banned the terror
outfit, LTTE after the assassination of Rajiv Gandhi, the former Prime Minister
of India in 1991. It declared LTTE an unlawful association under the Unlawful
Activities (Prevention) Act, 1967.
iv. The terror outfit
LTTE was banned because India fears that  the objective of LTTE for a
separate homeland (Tamil Eelam) for all Tamils threatened the sovereignty and
territorial integrity of India as it has supporters and sympathizers in India
also.
7.   
First book on Modi’s life and vision in Chinese
i. A book
on BJP prime ministerial candidate Narendra Modi’s life and economic vision has
been translated into Chinese and is being published by a leading university,
with its release slated for early next month.
ii. “India’s Modi – incredible emergence
of a star -(peoples’ power changes a nation)” by Sinologist and BJP Rajya Sabha
MP Tarun Vijay is being published by the South Asia Centre of Sichuan
University, Chengdu.
iii. It has been edited under the
guidance of veteran Chinese scholars D. Xioe and Jiawei.
iv. The book is divided into 13 chapters like
“RSS guides the way”, “A Himalayan wanderer”, “Social
activism”, “The political call”, “Turmoil and
turbulence” and “India awakened to a new dawn”.
v. Tarun Vijay had received a fellowship from
Sichuan University on India-China Relations and was also a member of the
India-China Eminent Persons Group.
8.    Railways ups freight, passenger fares
i. As the voters gave a verdict to the UPA-2 Government, the
UPA Government’s return gift to voters of India was in the form a hike in both
freight and passenger fares of trains, which will be effective from May 20th.
ii. The Indian Railways announced a 6.5 per
cent increase in freight fares and 10 per cent increase in all classes of
passenger fares, said a release.
iii. There is flat 5% increase in freight rates and an
additional increase of 1.4% on account of FAC (Fuel adjustment Component) which
was due since April 2014. The overall increase in freight rates will be 6.5%
approximately for major commodities, added the release.