Current Affairs Today - Current Affairs 2015

Pratap Singh wins Institute of Physics Prize

15-year-old Indian-origin student, Pratap Singh from United Kingdom (UK) has won prestigious award Institute of Physics (IOP) Prize.

Singh, who is a student at The Perse School, Cambridge received the prize for his experiment to verify an effect of Albert Einstein’s special relativity theory.

The award comprises £500 cash prize and a trip to a national physics-related activity. His research will be also published in international journal Physics Education.

Pratap Singh’s experiment

  • Singh in his experiment used two Geiger-Muller tubes to detect cosmic-ray muons. They are the high-energy particles created high above the Earth.
  • Using these tubes, he created a mathematical model for cosmic-ray muons arrival rate with and without time dilation.
  • By statistical analysis and using a Raspberry Pi computer he showed that these cosmic ray munons follow the model predicted by Einstein’s 1905 theory of special relativity.

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Dena Bank inks MoU with Life Insurance Corporation to provide insurance cover

State owned Dena Bank has signed Memorandum of Understanding (MoU) with Life Insurance Corporation (LIC) of India to provide insurance cover to its all Aadhaar-linked savings account holders in the age group of 18 to 50 years.

LIC will provide insurance cover under the Union Government’s flagship Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJBY) scheme.

Under the MoU

  • LIC will give a life cover of Rs 2 lakh in case of death of the insured person.
  • In this regard, a nominal premium of 330 rupees per annum will be charged from account holder.
  • Those who join the scheme before completing 50 years can continue to have the risk of life cover up to the age of 55 years.

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Bangladesh Cabinet approves revised trade deal with India

Bangladesh cabinet meeting chaired by Prime Minister Sheikh Hasina has approved the revised India-Bangladesh trade agreement.

The revised agreement will facilitate both countries to use each other’s land and water routes for trade with a third country and remove long standing barrier in regional trade.

With this Bangladesh will be able to use Indian railways, roads and waterways in transshipment of goods to Bhutan and Nepal. While, India will be able to send goods to Myanmar through Bangladesh.

Under the modified deal both countries will be able to use transport networks for transporting the goods for a fee. These fees and charges for transporting goods will be the same for both the countries and will be fixed through bilateral discussions.

The deal will be in force for 5 years instead of the existing tenure of 3 years, and further can amended through mutual agreement.

At present, India has similar agreement with Nepal and Bhutan but Bangladesh’s trade with Nepal and Bhutan was hindered for want of such a treaty with India.

Previously, trucks from Nepal and Bhutan entering from Bangladesh along the Indian border were required to park at a specific point near border. But under the revised deal, trucks from Nepal and Bhutan will enter Bangladesh through the Indian corridors.

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