DAILY GK UPDATE 1st JUNE

1.    Avinash
Chander is new DRDO chief  
i. Avinash
Chander, the man behind Agni series of missiles, was on Friday appointed as the
new Scientific Adviser to the Defence Minister and Director-General of Defence
Research and Development Organisation (DRDO). 

ii. He will also hold the
post of Secretary, Department of Defence Research and Development.
iii. He succeeds V. K.
Saraswat,
whose term ended on Friday.
About
Avinash Chander
i. Avinash
Chander, an eminent missile scientist, is the chief architect of the long range
ballistic missile system Agni.
ii. Dr. Chander, who was recently awarded Padma Shri, was behind
the successful development of 5000-km range Agni-V, enabling the nation to join
the elite club of five advanced nations.
iii. Avinash Chander
joined DRDO in 1972 after completing graduation in electrical engineering from
IIT Delhi.
iv. Dr. Chander, who obtained M.S. in Spatial Information
Technology from JNTU, Hyderabad, is also Vice-President of the Aeronautical
Society of India. 
v.
He
has received numerous awards and honours, including DRDO Scientist of the year
and Agni Self-Reliance Award.
2.    Infosys appoints Narayana Murthy as Executive Chairman 
i. In a
major top management re-shuffle, Infosys today appointed Mr. N R Narayana Murthy
as executive chairman of the Board. He would serve as board chairman for 5
years. He will be the executive chairman with effect from June 1. 
ii. His son, Rohan Murty, will assist him in his role as
chairman. The company said Narayana Murthy will create a chairman’s office to
assist him during his tenure and has requested the Board to permit him to put
together a team for this function.
iii. K V Kamath, who was appointed non-executive chairman on
Murthy’s retirement in 2011, will step down from his position and take up the
position of lead independent director effective June 1.
iv. Narayana Murthy said,
“This calling was sudden, unexpected, and most unusual. But, then, Infosys is my
middle child. Therefore, I have put asides my plans-in-progress and accepted
this responsibility.
v. S Gopalakrishnan would be re-designated executive vice
chairman effective June 1, and would primarily focus on key client
relationships and broader industry issues. 
vi. S D Shibulal would continue to be
the Managing Director and CEO.
vii. During his five year term, Murthy would draw a token
compensation of Re 1 per year.
3.    Nicobar Islands declared
world biosphere reserve
i. The United Nations
Educational, Scientific and Cultural Organisation (Unesco) has declared and
designated the Nicobar Islands in India as a world biosphere reserve under its
Man and the Biosphere Programme.   

ii. Such reserves are established by Member countries.
iii.  The UNESCO basically
recognizes them under the programme to promote sustainable development based on
local community efforts and sound science.
iv. The
World Biosphere Reserves are considered as sites of excellence, where new and
optimal practices to manage nature and human activities are tested and demonstrated.
v. The Nicobar Islands are an archipelagic island chain located
in the eastern Indian Ocean.

vi. The island chain is home to 1800 animal species and
some of the world’s most endangered tribes.
vii. The Nicobar Islands are part of a great island arc created
by the collision of the Indo-Australian Plate with Eurasia.


NOTE:
Great Nicobar joins the reserves at Simplipal (Orissa), Nokrek (Meghalaya),
Pachmarhi (Madhya Pradesh), Nilgiri (Tamil Nadu), the Gulf of Mannar (Tamil
Nadu), Sunderban (West Bengal) Nanda Devi (Uttarakhand) and
Achanakmar-Amarkantak (Madhyapradesh and Chhatisgarh) which are already on
UNESCO’s list.
4.    LPG subsidy in
bank accounts from today in 18 districts 
i. Starting 1st June, cooking gas (LPG) consumers in 18 districts will
get Rs 435 in their bank accounts when they book an LPG cylinder as the
government rolls out its ambitious direct benefit transfer programme to cut its
fuel subsidy.
ii. The scheme was to be
rolled out in 20 districts initially but the launch in Mysore in Karnataka and
Mandi in Himachal Pradesh has been put off by a month due to assembly and
Parliamentary by polls.
iii. After
the launch of the scheme, consumers in 18 districts like North Goa and
Pondicherry will get Rs 435 in their bank accounts every time they book for an
LPG refill.
iv. These consumers then will have to buy cooking gas at market
price which is double the Rs 410.50 rate for a 14.2-kg bottle in Delhi.
NOTE: i. The government intends to extend the scheme to rest of the
country before end of the year but wants to see results in the 20 districts
first.
ii. The 20 districts selected have high Aadhaar or unique
identification number penetration.
iii. The government anticipates a saving of Rs 8,000 to 10,000
crore in LPG subsidy annually after the scheme is rolled out all over the
country.
iv. After three months, that is from 1st September, only
consumers having Aadhaar and banks accounts linked to them will get cash
subsidy and the rest will have to buy LPG at market price
5.    France and Germany
agree on ‘full-time’ euro group chief
i. Germany and France have proposed a full-time president for the euro group
as they agreed to cooperate more closely to overcome the debt crisis and to
kick-start growth and job creation in the single currency area.
ii. At a meeting in Paris
on Thursday to work out a common strategy for the next European Union summit in
Brussels at the end of June, French President Francois Hollande and German
Chancellor Angela Merkel decided to give top priority for tackling youth unemployment,
promoting competitiveness and intensifying economic and fiscal policy
coordination.
iii. The two leaders proposed the creation of a 6 billion-euro
(USD 7.8 billion dollars) fund for the euro zone to finance concrete projects
in the area of tackling youth unemployment and promoting competitiveness.
iv. A full-time president of the euro group should have
sufficient funds at his disposal to take decisive steps towards creation of new
jobs, enhancing growth and fostering competitiveness of the industry.
6.    World No-Tobacco Day
observed on 31st May 
i. World Health Organisation (WHO) has earmarked 31st May as ‘World No
Tobacco Day’, to make people aware about the risks associated with tobacco
usage and reduce its consumption
ii. Tobacco consumption
in the form of gutkas and cigarettes is causing irreparable damage to our
society and economy.
iii. The theme of this year’s ‘World No Tobacco Day’ is “Ban
tobacco advertising, promotion and sponsorship.”
iv. Tobacco is the single greatest cause of preventable death
globally. The impact of tobacco usage depends on the number of years the person
is addicted to tobacco and intensity of usage.
v. People who are addicted to tobacco consumption at an early
age have higher tar formation that increases the risk of diseases such as heart
attack and oral cancer.
vi. All over the world various campaigns have been launched
coinciding with the anti-tobacco day to educate the public about the dreadful
impacts of smoking habit and resultant diseases. 
7.    US imposes sanctions
on Iran’s petrochemical industry
i. The United States has blacklisted eight Iranian petrochemical companies
in its latest move aimed at curbing Teheran’s nuclear program.
ii. The blacklisted
companies are either owned or controlled by the Iranian government
iii. These include Bandar Imam Petrochemical Co, Bou Ali Sina
Petrochemical Co and Mobin Petrochemical Co.
iv. It is for the first time that US treasury department has
imposed sanctions against petrochemical companies, which are the largest source
of foreign earnings for Iran.
v. The United States has also imposed sanctions on a food and
beverage company based in the gulf region for engaging in transaction for the
purchase of petrochemical products from Iran.
8.    Justice Kaul takes oath as new CJ of
Punjab & Haryana high court
i. Justice Sanjay Kishan Kaul today took
oath as the new Chief Justice of the Punjab and Haryana High Court in
Chindigarh.
ii. Justice Kaul was administered the
oath of office by Haryana Governor Jagannath Pahadia at a ceremony held at
Haryana Raj Bhavan.
iii. The post of the Chief Justice had
fallen vacant on April 11 after former Chief Justice A K Sikri was elevated as
a Supreme Court judge.
iv. Justice Kaul, 54, earlier served as
the senior most judge of the Delhi High Court and was the acting Chief Justice
there in September last year.
9.    Rahul bags three golds in Asian Youth
Weightlifting
i. Ragala Venkat Rahul swept all the
three gold in the boys 77 kilogram category as India continued to shine at the
15th Asian Youth Weightlifting Championships on the fourth day in Doha
yesterday.
ii. Rahul lifted 132 kilogram in snatch
and 157 kilogram in clean and jerk for a total lift of 289 kilogram en route to
winning all the gold on offer in the weight category.
10.  Premlata Agrawal, first Indian woman
mountaineer to scale 7 continental peaks
i. Ace woman mountaineer Premlata
Agrawal has become the first Indian woman mountaineer to scale the seven
continental peaks after climbing Alaska’s McKinley Peak. 
ii. With this, she became the first Indian
woman mountaineer to step on the highest peak of North America.
iii. The Seven Summits present different
challenges that have to be overcome with extreme and testing fortitude.
Summiting all of them is regarded as one of the world’s biggest mountaineering
challenge.