Current Affairs Updates for 29 May 2015

Published on Friday, May 29, 2015
Current Affairs Updates for today :-

RBI directives on FCNR(B) Foreign Currency Non-Resident (Bank) Accounts


  • RBI has ordered Banks to convert credit balances in any inoperative Foreign Currency  denominated deposits into equivalent Indian rupees If the Former remains not in use for three years from the periods of maturity of deposit But the Depositor can claims interest either in foreign currency or equivalent Indian rupees at prevalent exchange rate.RBI has directed banks to give three month prior notice to FCNR(B) Accounts holder for those which are not in use for three years and having no fixed maturity periods.

Pinaka rockets successfully test-fired  

  • Pinaka rocket capability of destroying enemy at 40 km range ingeniously developed has successfully test fired thrice from a multi barrel launcher at an armament base in Chandipur on sea , near Balasore in Odisha.It can fire 12 rockets in 44 seconds.

1st Mega Food Park of North East Inaugurated at Nathkuchi in Nalbari district, Assam

  • North East Mega Food Park pvt. ltd. at Nalabari,Assam get sanctioned by Ministry of Food Processing Industry in the presence of Har Simrat Kaur Badal (Minster of Food Processing Industry) and Kiren Rijiju (Home Minster of State)


Egypt's new President Al Sissi

  • In Egypt, former Army Chief, General Abdel Fattah Al Sissi is elected as the new President of the country.
Egypt's new President

New Director General or Chief of DRDO appointed S Christopher

  • The Department of Personnel and Training has given the charges to distinguished scientist Dr. S Cristopher as the secretary of Department of Defense Research and Development-cum- Director General for the 2 year of tenure period from the date of appointment and Dr. G S Reddy as Scientific Adviser to Defense Minister Manohar Parrikar .
  • DRDO has been without a head for the last four months after the contract of Dr. Avinash Chander as Secretary, DoDRD & DG DRDO and Scientific Adviser to Defence Minister was terminated with effect from January 31.

State of Food Insecurity in the World 2015 Released

  • As per the latest UN report "The state of Food insecurity in the World 2015",194 million people are present in India.
  •  The Annual Hunger Report shows the no. of hungry people in the world has dropped to 795 Million people which is 216 million people less then in compare to 1990-92 statistics or around one person out of every nine, according to the latest edition of the annual UN hunger report (The State of Food Insecurity in the World 2015 - SOFI).
Food Insecurity

Saurabh Kumar Appointed Next Ambassador to Iran

  • Saurabh Kumar, an IFS officer of 1989 batch, was appointed as the next Indian Ambassador to Iran. The officer is currently posted as a Joint Secretary in the National Security Council Secretariat.

Paytm App Ties up with TaxiForSure

  • Paytm has ties up with TaxiForSure for the cab services through their prepaid wallet.Just like Freecharge App,Mobile Recharge App providing the user a mobile commerce platform with some sort of discount and attractive offers.
  • TaxiForSure has also improved its app to facilitate bookings in 10 seconds instead of 15. On the partnership with Paytm, Arvind Singhal (CEO of TaxiForSure)said the strategic venture will allow more than 70 million Paytm users to use TaxiForSure’s services.

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