Current Affairs. 5th September 2015.

INS Trikand to Participate in Exercise 'Konkan 2015'
_Annual bilateral exercise
between the Royal Navy and the Indian Navy,termed as KONKAN series of exercises
_The KONKAN series began in 2004 and the previous exercise, KONKAN 2013, was conducted off Goa. KONKAN 2015 is the10th edition and will be conducted from 05– 11 Sep 15, hosted by RN, in two phases.

- Boxer Vikas Krishan gets silver in Asian Championships in Bangkok.

- RBI to issue Rs 5 coin on golden Jubilee of 1965 Indo-Pak war

- Describing BodhGaya as the 'Land Of Enlightenment' Indian govt would develop the site as the spiritual capital.

- India among few bright spots in global economy: IMF Chief.
'' Among emerging economies, if there is any growth, that is in India. India is among the few bright spots in the global economy,'' quoting Ms. Lagarde(Managing Director of IMF)

Metro in Haryana.
_PM Narendra Modi will inaugurate the Delhi-Faridabad Metro Line on 6th September that would allow hassle free travel for around two lakh daily commuters between the national capital and the industrial hub in Haryana.

-Outstanding Teacher Award 2015.
_An Indian-Americanprofessor at a leading university in the UShas been selected for the prestigious Outstanding Teacher Award for demonstrating special dedication and creativity in her teaching.
_Indian-origin professor name is Preethika Kumar.

- 'Amma salt' set to be launched
nationwide
_Amma Salt. It is an affordably priced quality common salt
made by the Tamil Nadu Salt Corporation(TNSC) for the benefit of the weaker sections.
_Other initiatives launched earlier in Tamil Nadu includes AMMA initiative "Amma" brand, including Amma Unavagam(Hotels), Amma Water (drinking water) and Amma Cement.

- Boeing opens commercial spaceship plant in Florida, USA which NASA plans to use to fly crews to the International Space Station.
_Boeing - World's largest Aerospace company of USA.

- Jumpa Lahiri to get National Humanities Medal.

- InSPA is the abbreviation used for International Agency for Solar Policy & Application.

-Union Government is planning to launch the global alliance on solar energy in New Delhi.
_The convention will be held in the third week of November 2015 ahead of the COP-21 of The United Nations Framework Convention on Climate Change (UNFCC) in Paris.
_107 member countries that are located between tropic of cancer and tropic of Capricorn including
China and Australia will attend the launch event as expected.
_ The members of the grouping are also called as sunshine countries as they receive high solar energy round the year
_India's  leadership role in the launch of the grouping is concurred with the recent revision in the target of the Jawaharlal Nehru National Solar Mission (JNNSM).With an approximate investment of 6 lakh crore rupees, India is expected to reach the production of
1 GW or 1 lakh MW of solar energy by 2022 under the mission.

- NASA-ISRO Synthetic Aperture Radar (NISAR) mission first Joint Steering Group (JSG) meeting was held.
_NISAR is a unwavering US and Indian InSAR mission, in partnership with ISRO, developed for studying hazards and global
environmental change.
_ As a part of the mission, during the year 2021, NISAR satellite, which will be the first radar imaging satellite to use dual frequency and to observe and understand natural processes of the Earth, is expected to be launched.
_ About NISAR Mission
The motive of the mission is to design, develop and launch a Dual
frequency S Band (12-centimeter wavelength Polarimetric Synthetic Aperture) and L Band (24-centimeter wavelength Polarimetric Synthetic Aperture Radar) Radar Imaging Satellite.

- Government to implement OROP. All about One rank One Pension :
_1. Defence Minister Manohar Parikar announced thedecision to implement the One Rank One Pension, w.e.f July 1, 2014.
_2. OROP arrears to be paid in four half-yearly instalments; all widows, including war widows, to be paid arrears in one instalments.
_3. The ex-servicemen, who have been agitating for the last 82 days, said they will not accept review of the pension after every five years.
_4. It is understood that a draft proposal on OROP was circulated at a RSS meeting on Friday, which envisaged commencement o
the scheme from July 2014, besides revision of of pension every five years.
_5. Veterans have opposed to excluding ex-servicemen, who had opted for pre-mature
retirement, from the ambit of OROP.
_6. Defence Minister Manohar Parrikar announced the setting up of a One member Judicial Committee, which will give its report on OROP in six months.
_7. Veterans have rejected this committee, an instead demanded a committee under the Defence Minister which will include an ex-
serviceman too.
_8. To begin with, OROP would be fixed on the basis of calender year 2013.
_9. Officials said the annual burden on the pension bill will be about Rs. 8,000 crore which would progressively go up with revision in pensions. The current pension
of the defence ministry stands at Rs. 54,00 crore.
_10. Close to 22 lakh retired servicemen and over six lakh war widows stand to be theimmediate beneficiaries of the scheme.

- On occasion of National Teachers Day, Prime Minister Narendra Modi releasesed commemorative coins of 125 rupees and 10 rupees denomination in honour of former President S Radhakrishnan.