Important Current Affairs 3rd June 2016

Telangana Hoists India’s Largest Flag

1. On Telangana’s second formation day, Chief Minister K Chandrashekhar Rao hoisted India’s biggest & largest tricolour in Hyderabad.
2. The flag stands tall on the banks of Hussain Sagar Lake in Sanjeevaiah Park.
3. The gigantic flag measures 108 by 72 feet. It is two feet short of being the tallest flag.
4. The tallest tri-colour is on a 293-foot-high pole, in Ranchi, Jharkhand.

Pvt Sector Talent in PSUs Wins Approval

1. The Cabinet gave an ‘ex-post facto’ approval for amending public sector recruitment rules to allow the selection of candidates from the private sector.
2. The nod is for the selection of candidates from the private sector as non-internal candidates for a period of five years for appointment in Central Public Sector Enterprises.
3. The move is expected to bring in greater efficiency in the working.

Odisha to Give Benefits to Transgenders

1. Odisha is first state in the country to give transgender people social welfare benefits such as a pension,housing & food grains.
2. The move was aimed at improving their overall social and economic status.
3. Members of the transgender community will be given BPL cards that will allow them to access govt. welfare schemes.
4. India’s Supreme Court has recognised transgender as a legal third gender.

India-US to Share Info on Terror

1. India & the US have signed a key pact for exchange of intelligence on terror on a real time basis.
2. This pact would help India access unclassified biographic information of known and suspected terrorists
3. The pact was signed by Home Secretary Rajiv Mehrishi &US Ambassador to India Richard Verma.
4. The arrangement would enhance the counter terrorism cooperation between India & USA.

2 Indian Origin Women in Forbes List

1. Two Indian-origin women have featured on the Forbes’ annual list of America’s 60 wealthiest & successful self-made women entrepreneurs.
2. India-born Neerja Sethi,who co-founded IT consulting firm Syntel is ranked 16th on Forbes’ list.
3. Jayshree Ullal President & CEO of Arista Networks is ranked 30th.
4. The richest self-made woman in America is Diane Hendricks, the owner of ABC Supply.

Messi Appear in Court at Tax Fraud Trial

1. The Barcelona & Argentina football star, Lionel Messi has appeared in court in Barcelona to testify for the first time at his tax fraud trial.
2. Messi & his father Jorge, who manages his finances are accused of defrauding Spain of €4.1m.
3. The authorities allege that the two used tax havens in Belize a&Uruguay to conceal earnings .
4. Spain’s tax agency is demanding heavy fines and prison sentences.

Kiran Mazumdar Take the Giving Pledge

1. Kiran Mazumdar-Shaw, chairman & MD of Biocon has been named in the list of The Giving Pledge.
2. The Giving Pledge is a global initiative that encourages billionaires to give the majority of their wealth to philanthropic causes .
3. Shaw joins Wipro chairman Azim Premji as the only resident Indians to have taken the pledge.
4. The new list published added 17 new individuals,bringing total to 154.

Bengaluru Among Top 5 Innovation Hubs

1. The Bengaluru has emerged as one of the top five locations for innovation centres of global firms.
2. This was according to a study by France-based IT consulting and services company Capgemini.
3. Bengaluru did not figure in a similar list prepared by Capgemini in July 2015.
4. In its latest list, the city came in fifth after Silicon Valley, London, Paris & Singapore.

India Joins Hague Code of Conduct

1. India has joined The Hague Code of Conduct against Ballistic Missile Proliferation (HCoC).
2. It is a voluntary legally non-binding multilateral body aimed at preventing the spread of ballistic missiles that can deliver weapons of mass destruction.
3. The HCoC was formally brought into effect in 2002.
4. It was earlier known as the International Code of Conduct Against Ballistic Missile Proliferation.

India and Tunisia Ink Two MoUs

1. India & Tunisia sign two MoUs on promotion of handicrafts & IT & digital economy.
2. The two sides will promote each other’s handicraft & increase mutual cooperation in the IT & related sectors.
3. The MoUs were signed after Ansari & Tunisia PM Habib Essid held one-on-one talks which were followed by the delegation-level talks.
4. India & Tunisia have maintained their friendly relations since 1958.