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CURRENT AFFAIRS FOR 6 MAY 2016
May 6, 2016
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VICE ADMIRAL SUNIL LANBA TO BE NEXT NAVY CHIEF

NEW DELHI: Vice Admiral Sunil Lanba, Flag Officer Commanding-in-Chief (FOC-in-C) of Western Naval Command, has been appointed as the new Chief of Naval Staff and will assume charge on May 31.

58-year-old Lanba, a specialist in Navigation and Direction, will have the full three-year tenure as the Navy Chief. He will succeed Admiral RK Dhowan who is retiring.

An alumnus of Defence Services Staff College, he will be the 21st Indian to be the Navy Chief. The first two were British.

He will take over from Admiral Dhowan on the afternoon of May 31 and will be in office till May 31, 2019.

FOUR NEW TRAINS IN VALLEY FLAGGED OFF

Four superfast inter-Kashmir trains were flagged off in the Valley on Thursday, a move that will significantly reduce travel time between major towns and summer capital Srinagar.

Chief Minister Mehbooba Mufti, who flagged off the trains at the Anantnag railway station in south Kashmir, said: “It’s the beginning of many more good initiatives to be taken by the Centre in the State. As India makes giant strides on the development front, we hope J&K will get its fair share in the country’s rise.”

The State government is taking up with the Centre introduction of a new train service — Valley on Wheels — on the pattern of Palace on Wheels, which has given a huge fillip to tourism in Rajasthan.

Union Minister for Railways Suresh Prabhakar Prabhu, through video conferencing, was also part of the flagging off of four new Diesel Engine Mobile Unit passenger trains between Banihal-Baramulla and Baramulla-Budgam, which will run six days a week.

LS CLEARS DECKS FOR MPC

 

The Lok Sabha approved the Finance Bill 2016 which included an amendment to the RBI Act clipping the central bank governor’s powers to set monetary policy.

The amendment made to the RBI Act through the Finance Bill removed the governor’s powers to singularly set monetary policy vesting them in a six-member Monetary Policy Committee.

Of the six members, the government will nominate three. The RBI Governor will chair the committee and have a second or casting vote in case of a tie.

ARMAAN TO DEBUT IN GT ASIA SERIES

Racing ace Armaan Ebrahim will make his debut in the GT Asia Championship besides participating in the Lamborghini Super Trofeo Asia Series for a second successive season this year.

The 26-year old from Chennai will kick-start his campaign with the first round of the GT Asia series in Korea (May 13-15) driving the Lamborghini Gallardo GT3, followed by the season opener of the Super Trofeo in Shanghai, China, on May 20-22.