4-5 May 2018 Current Affairs

Dakota aircraft | IAF | 100th airport in India | Xiaomi $10 billion IPO | India defence expenditure |

Posted on May 05, 2018 03:35 IST in Current Affairs.

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1) A restored Dakota joined the Indian Air Force (IAF) on 4 May 2018 in an induction ceremony at Hindan air force station, more than four decades after the aircraft fleet was phased out following an illustrious service record. Who took the main initiative to induct this iconic aircraft into the IAF? - Rajeev Chandrasekhar

Explanation: A restored Dakota DC-3 VP 905 aircraft was formally inducted into the IAF at a grand ceremony at Hindon air base (Ghaziabad) where a key was received by the Chief of Air Staff Air Marshal B.S. Dhanoa from Air Commodore (retd) M.K. Chandrasekhar whose son and Rajya Sabha MP Rajeev Chandrasekhar bought and restored the aircraft.

- Dakota was bought by the MP from "scrap" and got restored in the UK. The restored Dakota has been rechristened as 'Parashuram'. This aircraft commenced its journey from the UK on 17 April with a joint crew of IAF and Reflight Airworks. It flew a total of 9,750 km during its ferry en-route halts in France, Italy, Greece, Jordan, Bahrain and Oman, and finally landed on Indian soil at air force station Jamnagar on 25 April 2018.

- The Dakota popularly known as the ‘Gooney Bird’ was the first major transport aircraft inducted in the fledgeling Indian Air Force. It was at the forefront of operations from 1947 to 1971.

- Rajeev Chandrasekhar’s father M.K. Chandrasekhar, who flew the aircraft during his service in the IAF, has been deeply attached with the aircraft and felt the need to restore it back to the service.

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2) Which airport is set to become the 100th operational airport in India as per information disclosed by Civil Aviation Minister Jayant Sinha on 2 May 2018? – Pakyong (Sikkim)

Explanation: Sikkim’s Pakyong is all set to become the 100th operational airport in the country when it is commissioned in June 2018. This happened as low-cost airline SpiceJet has been granted permission to fly to Pakyong from Kolkata under the civil aviation ministry’s regional connectivity scheme.

- This was disclosed by Civil Aviation Minister Jayant Sinha on 2 May 2018. Sikkim was the only state without an airport in the country. The state would now enter India’s aviation map soon when Pakyong airport becomes operational.

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3) Which Chinese smartphone maker filed for $10 billion IPO in Hong Kong on 3 May 2018, which is expected to be world’s biggest IPO since Alibaba’s debut IPO in 2014? – Xiaomi

Explanation: Chinese smartphone maker Xiaomi Corp. became the first major company to use Hong Kong’s new rules for going public as it filed for $10 billion IPO in Hong Kong on 3 May 2018. This IPO is expected to be the biggest IPO since Alibaba’s $25 billion debut in 2014.

- Though Xiaomi suffered through a challenging 2016, the company bounced back by revamping its sales model and expanding in India, where it rivals Samsung Electronics Co. as the biggest vendor.

- Xiaomi is looking to enter developed markets for smartphones as it consolidates its position in emerging markets. It entered Spain last year and is also said to be talking to U.S. carriers to sell devices on Apple Inc.’s home turf.

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4) According to a report released by Stockholm International Peace Research Institute (SIPRI) on 2 May 2018, India overtook which country to become one of the world’s top five military spenders in 2017? – France

Explanation: India’s defence spending rose by 5.5% to US$63.9 billion in 2017, overtaking that of France as it became one of the world’s top five military spenders. This was disclosed in a report published by Stockholm International Peace Research Institute (SIPRI) on 2 May 2018.

- The United States, China, Saudi Arabia and Russia were the leading four last year in military spending. The list of the world’s biggest military spenders has remained largely consistent in recent years, dominated by the US and China, which spent US$610 billion and US$228 billion during 2017.

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