Daily Current Affairs Updates: 10 May 2015

1) Shashi Kapoor awarded Dada Saheb Phalke Award:

--> Veteran actor-filmmaker Shashi Kapoor was presented the prestigious Dada Saheb Phalke award on 10 May 2015 by Union Information and Broadcasting Minister Arun Jaitley at Prithvi theatre here in a star studded event.

--> The I&B Minister called Shashi Kapoor as the most versatile personality of Bollywood and thanked him for his contribution to Indian cinema.

--> He is the 46th recipient of Dada Saheb Phalke Award to receive this honour for his outstanding contribution to the growth and development to Indian Cinema.

--> The veteran actor was unable to attend the award ceremony in Delhi due to his ill-health, therefore he was handed over the award at a function at Prithvi Theatre in suburban Mumbai.

2) Pranab Mukherjee inaugurated Namaste Russia:

--> President Pranab Mukherjee inaugurated Namaste Russia, a festival of Indian culture, in Moscow on 9 May 2015 on the last leg of his tour to Russia.

--> Inaugurating the festival, the President said, it is cultural bonds that build solid bridges of friendship and understanding between peoples and countries.

3) PM Modi inaugurated IISCO plant at Burnpur:

--> Prime Minister Narendra Modi inaugurated IISCO's steel plant at Burnpur in West Bengal on 10 May 2015.

--> The plant has been modernised at a cost of Rs. 16,000 crore and production capacity will go up from 0.85 mtpa to 2.9 mtpa.

--> The modernized facility will have the largest blast furnace.

4) Congress leader KV Thomas renominated PAC chairman:

--> Outgoing chairman of Parliament's Public Accounts Committee, senior Congress leader K V Thomas, has been renominated to the post for a second term.

--> PAC is one of the most important finance committees along with the Committee on Estimates and the Committee on Public Undertakings.

--> Since 1967, the post of the PAC Chairman has been held by a senior member of the main Opposition party.

--> The key committee examines CAG reports after they are tabled in Parliament.

--> The PAC, constituted every year, may consist of not more than 22 members -- 15 from Lok Sabha and not more than seven members from Rajya Sabha.

5) Nico Rosberg won Spanish Grand Prix 2015:

--> Nico Rosberg of Germany won the Spanish Formula 1 Grand Prix on 10 May 2015.

--> Nico Rosberg had started the race from pole position and by winning the race has finally got the better of his Mercedes teammate Lewis Hamilton who is leading this season.

-->  This was first victory for Rosberg since winning the Brazilian GP in November 2014 and the ninth overall of his Formula 1 career.

--> Sebastian Vettel finished third.

6) HDFC among world's top 10 list of consumer finance firms:

--> HDFC has emerged as the only Indian company among the world's 10 biggest consumer financial services firms, after giants like American Express, Visa and Mastercard.

--> HDFC is ranked 7th on the list, compiled by business magazine Forbes, where American Express is placed on the top, followed by Capital One Financial, Visa, Discover Financial Services and Orix in the top-five. Mastercard is ranked sixth.

7) Mother's Day celebrated across the globe:

--> Mother's Day is a modern celebration honoring one's own mother, as well as motherhood, maternal bonds, and the influence of mothers in society.

--> It is celebrated on second Sunday of May every year