Kumar Rajesh Chandra appointed as Chief of Bureau of Civil Aviation Security.
On 5 May 2016 Senior IPS officer Kumar Rajesh Chandra was appointed as the Chief of Bureau of Civil Aviation Security (BCAS). His appointment was cleared by the Appointments Committee of the Cabinet (ACC).
President Pranab Mukherjee confers Niryat Shree and Niryat Bandhu Awards.
On 4 May 2016 President Pranab Mukherjee conferred the 15th set of Federation of Indian Export Organisations (FIEO) Niryat Shree and Niryat Bandhu Awards in New Delhi. The awards were presented at the Golden Jubilee celebrations of FIEO.
The awards were conferred to the companies from various sectors of exports besides service providers, banks, and various facilitating agencies which are promoting exports during the year 2015-16.
2016 Commonwealth Short Story Regional Prize.
In the first week of May 2016 Indian Parashar Kulkarni won the Commonwealth Short Story Prize for 2016, for the Asia region.
He was awarded for his politically grounded unpublished short fiction 'Cow and Company'. The story 'Cow and Company' narrates the story of four men in search of a cow.
He will receive a cash prize of 2500 pounds.
Vice Admiral Sunil Lanba appointed as Chief of the Naval Staff.
On 5 May 2016 Vice Admiral Sunil Lanba was appointed as the next Chief of the Naval Staff. He will assume the charge on 31 May 2016 as the 23rd chief of Indian Navy and 21st as an Indian.
Lanba (58) will have a full three-year-term in office till 31 May 2019.
Insolvency and Bankruptcy Code Bill 2016.
On 5 May 2016 the Lok Sabha passed the Insolvency and Bankruptcy Code Bill 2016.
The bill is being seen as a transformational legislation that will help in improving India’s ranking in the World Bank’s ‘Ease of Doing Business’ index.
The Bill is based on the recommendations of the Joint Parliamentary Committee on the Insolvency and Bankruptcy Code, 2015 chaired by Bhupender Yadav.
Offshore patrol vessel ICGS Shaurya launched.
On 5 May 2016 Goa Shipyard Limited (GSL), launched Indian Coast Guard Ship (ICGS) Shaurya at Vasco. This is the fifth ship of a series of six off-shore patrol vessels (OPVs) that the Indian Coast Guard had tasked the Vasco defence public sector undertaking to build.
NASSCOM inks MoU with Facebook.
On 5 May 2016 National Association of Software and Services Companies (NASSCOM) signed a partnership agreement with Facebook to build a product design initiative in India.
The agreement focus on assisting the innovation ecosystem by helping product based companies to build solutions in key sectors where technology can play a transformational role.
Union government approves proposal of Infosys to set up IT SEZ.
On 28 April 2016 Union inter-ministerial Board of Approval (BoA) approved the proposal of Infosys to set up an IT/ITeS special economic zone (SEZ) in Bengaluru in an area spread over 4 hectares.
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