6 May 2016 – Daily Current Affairs Capsule PDF Download

///6 May 2016 – Daily Current Affairs Capsule PDF Download

Current Affairs Capsule is a brief collection of all news of the day. ExamPariksha.com makes a list all important news points day to day. This is our contribution towards making students more aware of what to study and what to ignore among daily news.

National News Important Current Affairs Update – 6 May 2016

ExamPariksha publishes day to day current affairs capsule covering relevant fact based daily news to cover all important happening and developments in the National sphere in this section. Usually examiners ask GA or current GK questions in personal interviews and exams focussing on recent events to check how informed you are. Here is a sincere attempt to cover all important topics for such scenarios from today’s current news.

>> The Supreme Court has ruled out separate medical admission tests by unaided private medical colleges across the country. So, their pre-scheduled tests for admissions to MBBS and BDS courses cannot be permitted.

>>  Lok Sabha has passed the Insolvency and Bankruptcy Code Bill, which seeks to protect interest of workers and promote business in the country.

>> Union Minister of Railways, Suresh Prabhu flagged off Banihal-Baramulla Fast Passenger and Budgam-Baramulla Demu train. These new services will prove a great comfort to the people of Jammu & Kashmir. The road transport generally takes around 6 hours between Baramulla-Banihal but now in just over 2 hours with train.

>>  The government for the first time, has prematurely retired 33 tax officers, including seven Group ‘A’ officers. Cracking the whip on non-performing officials, Finance Ministry’s 72 officers had been dismissed in other departmental or disciplinary actions in the last two years. The Ministry said, action is taken against the defaulting tax officials for their non-performance as well as in case of harassing the tax assesses among others.

International News Daily Current Affairs Capsule – 6 May 2016

Questions about International Relations (IR) are often asked from current affairs capsule in interviews, written exams conducted by various recruiters. The following international news has important daily current affairs which you must know as an aspirant for exams conducted by UPSC and State PSCs.

>>  In Nepal, a U-turn by Maoist Chief Pushpa Kamal Dahal has decided not to withdraw support to Prime Minister KP Sharma Oli for the time being. Oli government will present its budget in parliament now.

>> In China, a full Chinese translation of works of Bengali poet Rabindranath Tagore has been put out ahead of his 155th birth anniversary. The collection, which took more than 5 years to complete, is the first full collection of Tagore that is translated directly from Bengali into ChineseTagore was the first non-European winner of the Nobel Prize in Literature.

>> Zimbabwe will print its own version of the US dollar in order to ease a cash shortage in the country. The cash, known as bond notes, will be backed by 200 million dollars support from the Africa Export-Import Bank. Note that: Zimbabwe introduced the US dollar in 2009 after ditching its own currency following sustained hyperinflation. Now, they use the dollar as well as other foreign currencies like South African rand and the Chinese yuan.

Economics News Today’s Current Affairs Capsule – 6 May 2016

The following economics current news update has all important economy news for exams. These will also help in developing a better understanding of Economy.

The Government has issued notices to every person whose name figured in the Panama Papers leak. The Panama Papers leak named around 500 Indians including some who have offshore companies and have stashed wealth in tax heaven countries.

 

>> To improve the Ease of doing business, exporters have been relieved from submitting the Landing Certificate of goods to avail benefits under the Merchandise Exports India Scheme (MEIS). According to Commerce and Industry Ministry, the move will promote exports, which are in the negative zone since December 2014.

  • The Merchandise Export from India Scheme(MEIS) was introduced in the Foreign Trade Policy 2015-20.
  • The scheme aims to incentivize export of merchandise produced and manufactured in India.
  • Under MEIS, the government provides duty benefits at 2 per cent, 3 per cent and 5 per cent depending upon the product and exported country.

>> Amid challenges from physical commodity markets, Securities Exchange Board of India (SEBI) chairman U K Sinha said they will not bring new products in the commodities derivative market unless they have enough liquidity. He cited the following reasons why SEBI has been very careful in allowing trading in new commodities:

  • The price discovery in India is very complex as the physical market is controlled by the states.
  • There are many obstacles and measures under the essential commodities Act.
  • The stage of development of warehousing mechanism in the country is inadequet.

6 May 2016 – Sports News Current Affairs Capsule

The following important current affairs capsule about sports news are relevant from exam point of view. Questions might appear in upcoming banking and SSC CGL 2016 exam about the following.

>> Indo-Swiss duo of Sania Mirza and Martina Hingis have stormed into semifinals of Madrid Open Tennis.

>>  In the latest Badminton World Federation, BWF, rankings issued, Olympic-bound men’s singles shuttler K Srikanth slipped to be ranked World No. 12. While 2010 Commonwealth Games champion duo of Jwala Gutta and Ashwini Ponappa, rose to be World No.14 in women’s doubles. In women’s singles, Saina Nehwal and P V Sindhu, were static at No. 8 and No. 10. Note that: There are no Indians in the top 25 in mixed doubles.

We hope this compilation was useful for going through today’s important current events. Please share your comments with us. Have a Good Day!

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2016-10-29T16:19:07+00:00
  • Vidhi Mathur

    Very helpful economics news analysis.
    Keep going.