Current Affairs 25th May 2016

Current Affairs 25th May 2016

National News:

• Govt bans Indians from travelling to Libya until further orders
• Chhattisgarh govt aims to dig about 50,000 small ponds
• Sikkim bans disposable foam food containers
• J&K govt to develop app to enhance tourism
• 13 new cities announced for Smart-Cities project

International News:

• US lifts arms ban on old foe Vietnam as regional tensions simmer
• Switzerland to open world’s longest and deepest train tunnel after 17 years

New Appointments:

• The new Sarbananda Sonowal-led government in Assam will take oath in Guwahati in presence of Prime Minister Narendra Modi.
• Renowned scientist S K Sharma was appointed the Chairman and Managing Director (CMD) of Nuclear Power Corporation of India Limited (NPCIL).

Banking & Business:

• City Union Bank net profit rises 13 per cent
• Saudi Arabia to join Turkey, Indonesia to found Islamic finance infrastructure bank
• Bad loans drop further for Andhra Pradesh Grameena Vikas Bank
• US court tosses out $1.3-billion penalty on Bank of America
• Modi’s government’s fix for banking: Cut number of public banks from 27 now to 6
• Infosys bags 5-year deal from Commerzbank
• TinyOwl shuts operations in all cities except Mumbai
• Anand Mahindra invests in women’s platform SheThePeople.TV
• Indian Economic Growth Seen At 7.8% In 2017: Deutsche Bank
• Facebook acquires VR audio startup Two Big Ears
• Mobile wallet companies Paytm, MobiKwik and Oxigen diversifying to combat UPI threat

Science & Technology:

• India will produce supercomputers by 2017
• Indian Museum Galleries to Be Available Online via Google Cultural Institute

Sports:

• French Open: Australian Open champion Angelique Kerber knocked out in first round
• Chris Gayle Not Signed By Melbourne Renegades For 2016/17 Big Bash League
• Denmark bags Europe’s maiden Thomas Cup title
• Rio Olympic medal winners to be considered for KhelRatna, Arjuna award

MoUs/Agreements Signed:

• NALCO signs MoU with Iran to set up smelter plant in Chabahar
• India, Iran and Afghanistan sign historic land transit trade agreement
• Electric announces deals worth over $1.4 billion with Saudi Arabia