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2011 May 19 to 22 Current Affairs



India ranked 32nd on IMD list

India has been placed at the 32nd position, on the list of 59, in terms of world competitiveness by the International Institute for Management Development (IMD), the second best performer after China among the BRIC economies. 

According to a ranking compiled by IMD, India was ranked 32nd, while China (19th) assured a place for itself in the top 20 economies.

The other BRIC peers Brazil and Russia were positioned 44th and 49th, respectively in the list.



N.A.K. Browne next Air Chief

Air Marshal Norman Anil Kumar Browne will be the new Chief of the Air Staff. He will assume office on retirement of Air Chief Marshal P.V. Naik on July 31.



Olympian Galibardy passes away

Joseph (Joe) Galibardy, the oldest living Olympic hockey player who had donned the India colours at the 1936 Berlin Olympics in 1936, passed away in Walthamstow (England). He was 96.



Top U.K. award for Indian doctors

Two teams of medical professionals from India were awarded top honours at the British Medical Journal Group Awards distributed.

The award for ‘Medical Team in a Crisis Zone' went to ‘Doctors for You' for their flood relief work in Bihar in 2008; and the award for ‘Innovation in Health Care' went to Professor Subhashchandra Daga and his team at the Maharashtra Institute of Medical Education and Research Medical College for their work in neo-natal health.



Huawei bags global LTE awards

Chinese telecom solutions provider Huawei has bagged two awards for its achievements in LTE commercialisation and product solutions at the LTE World Summit 2011. “Huawei has invested heavily in the development of the LTE industry since 2004, having contributed world-class technologies, patents, standards and commercial experiences.



Award for Ferguson and Nemanja Vidic

Manchester United boss Sir Alex Ferguson and skipper Nemanja Vidic landed the English Premier League manager and player-of-the-season awards respectively. 

Ferguson led United to its 12th Premier League title and 19th English league success overall, plus the Champions League final while centre-back Vidic has been the key in United's defence.



Pacnet launches international gateway

Pacnet announced the launch of its international gateway in Chennai, enabling the delivery of its full suite of robust, high-speed international connectivity solutions to meet India's growing demand for bandwidth.

The global telecom service provider also plans to invest up to $150 million in the next two to three years to set up a data centre in India.



Indian Bank achieves highest ROA

On an analysis of return on assets of various public sector banks, Indian Bank claims that it has emerged with the highest ROA (return on assets) at 1.53 per cent for 2010-11. Return on assets is a key efficiency parameter which shows the quality of asset.



Rustom 1 UAV second flight-test successful

A successful flight-test of Rustom 1 UAV (unmanned aerial vehicle) was conducted by the Aeronautical Development Establishment (ADE), a lab of Defence Research and Development Organisation (DRDO), near Hosur.

It was the second successful flight of “Rustom 1,” being developed by the ADE, which is engaged in pioneering research and development work in the field of aeronautics.



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