Current Affairs Updates for 13 May 2015

Current Affairs Updates for 13 May 2015

E-commerce Centre launched by India Post

• E-commerce Centre launched by India Post on 11th May 2015 in New Delhi. Union Communication and IT Minister Ravi Shankar Prasad attending the launching ceremony.

Undisclosed Foreign Income and Assets (Imposition of Tax) Bill 2015 passed

• On 11th May 2015, Undisclosed Foreign Income and Assets (Imposition of Tax) Bill 2015 passed in Lok Sabha by voice vote.

Ajit Prakash Shah Committee established

• Justice Ajit Prakash Shah Committee established by Union Finance Ministry on 11th May 2015 to resolve the Minimum Alternate Tax (MAT) on FIIs issue.
• K. Satish Reddy appointed as Chairman of National Safety Council on 11th May 2015 succeeded by Venu Srinivasan. The Headquarter of NSC is at Navi Mumbai, Maharashtra.

Priti Patel appointed as Minister

• Priti Patel, an Indian-origin appointed as Minister of State for Employment in Britain while David Cameron become Prime Minister of Britain.

Nikesh Arora appointed as President

• Nikesh Arora, an Indian-origin appointed as President of SoftBank Corp. of Japan on 11th May 2015 succeeded by Masayoshi Son.

K.V. Kamath appointed as President of BRICS banks

• Kundapur Vaman Kamath appointed as 1st President of New Development Bank of BRICS nations on 11th May 2015. At present, he is Chairman of ICICI Bank Ltd.

K. Satish Reddy appointed as Chairman

• K. Satish Reddy appointed Chairman of the National Safety Council (NSC). He was appointed by the Union Ministry of Labour and Employment.