Current Affairs 2016

India̢۪s largest tricolour was hoisted atop the tallest pole at Pahari Mandir in Ranchi, by Defence Minister Manohar Parrikar. This flag will remain hoisted for 24 hours and shall be illuminated with the help of twenty sodium vapour lights at night. It is world̢۪s largest and the highest hoisted Indian flag.

India̢۪s digital payment startup company TranServ has launched country̢۪s first Social Mobile Wallet named Udio.

State owned Oil and Natural Gas Corporation Limited (ONGC) has received environmental clearance for a project in the Krishna-Godavari (KG) basin in Andhra Pradesh.

Ace Indian Shuttler Pusarla Venkata Sindhu (World No.12) has won the 2016 Malaysia Masters Grand Prix Gold Badminton title.

The first Ministerial Meeting of Arab-India Cooperation Forum was held Manama, capital city of Bahrain.

The world̢۪s oldest man, a Japanese, died the age of 112 after suffering chronic heart problems.

Formal declaration in this regard was made by Prime Minister Narendra Modi after inaugurating the Sikkim Organic Festival 2016 in Gangtok, Sikkim.

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• Renowned Kannada filmmaker and lyricist Geethapriya passes away.
• Tata Motors appoints former Airbus official Guenter Butschek as CEO & MD.
• BSE launches algorithm trading test.

The Ministry of Finance announced the roadmap for a new set of accounting standards-the Indian Accounting Standards (Ind AS)-for scheduled commercial banks, insurance companies and non-banking financial companies.

Bombay Stock Exchange (BSE) Ltd has launched a new service for algorithm trading test facility for investors on its derivatives and equity platform.

Tata Motors has appointed former top official of Airbus Guenter Butschek (55) as its Chief Executive Officer & Managing Director. Mr. Butschek will lead all operations of Tata Motors in India and in international markets including South Korea, Thailand, Indonesia and South Africa.