DAILY GK UPDATE – 3rd May

1.   
Bandhan
financial services to open 300 new banks 
i. The Bandhan financial services
will open 300 new banks in West Bengal.

ii. Addressing an interactive
session at Bharat Chember of Commerce in Kolkata on Friday, the Chairman and
Managing Director of the company, Mr Chandra Sekhar Ghosh said that they have
planned to open 250 new branches in rural areas of West Bengal while 700 bank
branches through out the country.
iii. He said that their aim is to reach to remote areas where there is
no banking coverage so far. The micro finance company Bandhan has 55 lakhs
clients in the country and the Reserve Bank of India has recently given them in
principal approval for opening private banks.
2.    Drug Technical Advisory Board bags award for
leadership in animal welfare
i. Eighteen members of the outgoing Drug Technical Advisory Board
(DTAB) have received the ‘Leadership in Animal Welfare Award’ for its support
in improving the regulatory standards for animal welfare in the country. Humane
Society International/India (HSI) conferred the award.
ii. The
award specifically recognised India’s Director General of Health Services
Jagdish Prasad and Drug Controller General of India G.N. Singh, under whose
leadership the board approved the ban on animal testing for cosmetics,
recommended a ban on the import of cosmetics tested on animals and recommended
the restriction on the manufacture and sale of oxytocin. The DTAB finished its
three-year term last week.
3.    Paul Ranjan assumes charge as Director (Finance) of
Cochin Shipyard
i. D Paul Ranjan has assumed charge as
Director (Finance) of Cochin Shipyard.
ii. A chartered Accountant by profession,
Paul Ranjan, joined the company as Executive trainee in December, 1984.
4.    World Bank approves $12b loan for Pakistan
i. The
World Bank is preparing to loan Pakistan 12 billion dollars over the next five
years to help lift its economy, which has been battered by a decade of conflict
and an acute energy shortage, the Finance Ministry said Friday.
ii. One billion dollars
would be transferred next week while the remaining loans, which carry a 2%
interest rate, would be sent to Pakistan over the next five years, it said.
iii. The money would be
used to boost the economy, fight extremism, reduce energy shortfalls and
improve education, the ministry said.
iv. The approval comes
as a Pakistani minister said there will not be enough electricity in the
country to meet growing demand during the summer when temperatures can rise up
to 45 degrees.
v. The South Asian
nation of 180 million people has been struggling with an economy shattered by a
decade of violence orchestrated by Islamist militants linked with al-Qaeda, a
massive energy crisis and tax evasion by the wealthy.
vi. Last year, the
International Monetary Fund approved a package of 6.7 billion dollars for
Pakistan.
5.    ITU award for
presidents of Rwanda, South Korea

i. President Paul Kagame
of Rwanda, President Park Geun-hye of South Korea and Mexican
billionnaire Carlos Slim Friday won the World Telecommunication and Information
Society (WTIS) Award 2014.

ii. They have been honoured by
the International Telecommunications Union (ITU) in recognition of their
leadership and dedication towards promoting ICT (information, communication and
technology) development and broadband connectivity as a means of achieving
sustainable development.
iii. President Kagame is
recognized for his leadership in the advancement of education and the potential
of ICT as a dynamic industry as well as an enabler for Africa’s socio-economic
transformation.
iv. South Korea has
consistently topped ITU’s ICT Index for Measuring the Information Society.
President Park’s government has unveiled a set of long-term plans that foster
creative talent, a move that establishes a new paradigm towards building a
vibrant national economy in a digital environment.
Note: The WTIS Award, which
focuses on broadband connectivity for sustainable development, will be
presented at a ceremony here May 16 to mark the 149th anniversary of the
establishment of ITU May 17, 1865.
6.    Ford announces Mark Fields
 as a
new CEO
i. Ford
Motor Thursday nammed Mark Fields
its president and chief executive officer.
ii.
He will succeed Alan Mulally, 68, who will take retirement
July 1.
iii.
Fields, 53, has been leading all of Ford’s global business operations and most
skill teams, including product development, manufacturing, purchasing, and
marketing, sales and service since 2012.
iv.
Bill Ford, Ford’s executive chairman said “Mark has transformed several of
our operations around the world into much stronger businesses during his 25
years at Ford.”
7.    Indian scientist wins top British fellowship
i. Ravinder
Dahiya,
an Indian scientist in Britain has been granted a prestigious
fellowship worth £1,068,000 (about $1.8 million) by a top British agency that
funds research in engineering and the physical sciences.
ii. A senior
lecturer at the University of Glasgow’s electronic and nano scale engineering
division, is among the eight leading academics from 10 British universities to
be endowed with ‘Engineering Fellowships for Growth’ by the Engineering and
Physical Sciences Research Council (EPSRC) aimed at maintaining Britain’s
research leadership in three areas identified as Great British Technologies —
advanced materials, robotic and autonomous systems, and synthetic biology.
iii. Dr. Dahiya, a former
lecturer at Netaji Subhas Institute of Technology (NSIT) in Delhi, has been
awarded the fellowship to pursue research in robotics stream for the next five
years.
8.    Sprint star Tyson Gay receives
one-year doping ban from the US Anti-Doping Association
i. US sprint star
Tyson Gay has received a one-year doping ban from the US Anti-Doping
Association.
ii. He has returned his 2012 London
Olympics Silver medal to the US Olympic Committee on that account.
iii. The Association announced on Friday
that the 31-year-old Tyson Gay tested positive for a banned anabolic steroid in
two random out-of-competition tests.
9.    Maheswary nominated again for Arjuna Awards

i. Triple
jumper 
Renjith Maheswary,
who has been stopped from receiving Arjuna Award under controversial
circumstances on charges of dope violation last year, has again been
recommended by the Athletics Federation of India (AFI) for the coveted honour
this year.

ii. A top AFI official
told PTI that Maheswary’s name has again been
nominated for this year’s Arjuna Award on the ground that the Sports Ministry’s
eligibility rule does not bar him from getting the coveted honour.
iii. “Sports Ministry’s
eligibility clause says that any athlete who failed a dope test conducted by a
WADA or IOC accredited laboratory will be barred from getting the award.