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MBA GK Updates Apr 29 - May 04 2018

MBA GK Updates Apr 29 - May 04 2018

TestFunda ,  07-May-18
Twitter also sold data to CA, says report
World > Twitter > May 01

After Facebook, another major social media outlet Twitter has now been caught up in the data scandal involving Cambridge Analytica (CA), the British political consulting firm which collected the data of nearly 87 million Facebook users without their knowledge and permission, according to a media report.

Myanmar army chief denies rape of Rohingya as U.N. visits
World > Myanmar > May 01

Myanmar’s army chief denied his forces committed rape and other sexual abuses during a crackdown he ordered on Rohingya Muslims, as he addressed UN Security Council delegates in the capital Naypyidaw.

Harendra Singh to coach men’s hockey team, Sjoerd Marijne in charge of women’s side
Sports > Hockey > May 01

The musical chairs in Hockey India continue and this time around, Harendra Singh has been given the hot seat as coach of the national men's team. He swaps his position with Dutchman Sjoerd Marijne – who goes back to the women's team, a position he had held since February last year.

Subhash Chandra Khuntia is new IRDAI chairman
India > IRDAI > May 01

Former IAS officer Subhash Chandra Khuntia is the new chairman of the Insurance Regulatory and Development Authority of India (IRDAI). On Tuesday, the Appointments Committee of Cabinet (ACC) approved the appointment of Mr.Khuntia to the post of chairperson of the insurance regulator. His appointment will be for a period of three years or till the age of 65 years, whichever is the earliest, the order said.

Centre extends EoI date for Air India
India > Air India > May 01

The deadline for submission of expression of interest in Air India’s stake sale has been extended to May 31 from May 14 and the selected bidder will be announced by June 15, the government announced on Tuesday.

Over 23,000 bank fraud cases involving ₹1 lakh crore in 5 years: RBI
Bank > RBI > May 02

Over 23,000 cases of fraud involving ₹1 lakh crore have been reported in the past five years in various banks, according to the Reserve Bank of India (RBI).

GST receipts cross₹1 lakh cr. in April
Bank > GST > May 02

Revenue from the Goods and Services Tax (GST) for April 2018 has finally crossed the ₹1 lakh crore threshold, coming in at ₹1,03,458 crore, according to official data released on Tuesday.

Indian-American-owned California company fined for H-1B violation
World > H-1B violation > May 03

Cloudwick Technologies, an IT company in California owned by Indian-American Mani Chhabra, was asked to pay $1,73,044 in wages to 12 of its foreign employees, most of them from India, who were paid salaries well below the levels required under the H-1B programme.

SC admits plea to quash Section 377
India > Sec 377 > May 04

Seventeen years after he was imprisoned for his sexual orientation and efforts to help the LGBT community, the Supreme Court on Tuesday admitted the petition of a man to quash the “tyranny” of Section 377 IPC, which criminalises homosexuality.

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