Current Affairs 8-9th May, 2015

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Current Affairs 9th May, 2015

1. Prime Minister David Cameron and his Conservatives have won a resounding victory in the British general election. The party has secured an overall majority in Parliament. Cameron will continue as Prime Minister for the second term.

2. Google formally opened its first Asian start-up campus in Seoul, South Korea recently.

3. Government rejected the annual report from the US Trade Representative (USTR) on intellectual property rights (IPR), terming it ‘inconsistent’ with global trading rules. The report, Special 301, released by the USTR on April 30, had put India under a ‘priority watch list’ (PWL) category, citing ‘inadequate’ IPR laws.

4. Empowered Committee of State Finance Ministers (EC) in its two-day meeting authorised GST Network, a non-profit company, to start work on an information technology (IT) 'backbone' for the proposed national goods and services tax (GST).

5. The U.N. health agency has declared Liberia Ebola-free. WHO hailed its eradication as an enormous development in the long crisis.

Current Affairs 8th May, 2015

1. Government has set up a committee headed by the Law Commission chairman Retired judge A P Shah on Minimum Alternate Tax (MAT) demands faced by foreign portfolio investors, on a case-to-case basis.

2. Chandrayaan II, India’s second mission to the moon, will be launched in 2017-18. It is planned to be launched by Geosynchronous Satellite Launch Vehicle (GSLV) from the Satish Dhawan Space Centre, Sriharikota. Chandrayaan-I, India’s first lunar probe, was launched on October 22, 2008.

3. India is home to 56 of the world's 2,000 largest and most powerful public companies, according to the Forbes's annual list. The list is topped by the US with 579 companies.

4. Mhairi Black on 7 May 2015 became the youngest lawmaker of Britain at the age of 20. The freshly elected lawmaker is from Scotland.

5. Union Cabinet gave its nod for building and launching of GSAT-17 and GSAT-18 communication satellites. The satellites will augment and support existing telecommunication, television and Very Small Aperture Terminal (VSAT) services in the entire mainland of the country.