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Important Current Affairs 23rd May 2017

Important Current Affairs 23rd May 2017

Dear Aspirants,

Important Current Affairs 23th May 2017 in English and Hindi, which will update you with latest headlines, news from various domains i.e: National News, Sports, Business, Awards & recognition. It is useful for the preparation of competitive exams like: SSC, SBI, IBPS PO, Clerk, Railways & Various other Entrance examinations.

Current Affairs 23rd May 2017: NATIONAL NEWS

Railway Minister inaugurated free Wi-Fi facility at 28 Railway Stations

Minister of Railways, Suresh Prabhakar Prabhu inaugurated free Wi-Fi facility at 28 stations on the Konkan Railway on 21 May 2017.
●    The provision has been made possible through a tie-up between Indian Railways and the broadband and internet service provider SYSCON/Joister.
●    The free internet would be available at a speed of 2 Mbps for the whole of 24 hrs. 
●    The initiative is in line with the Union government’s Digital India campaign.
●    The service providers, SYSCON/JOISTER, which are already providing JOISPOT brand Wi-Fi in Pune & Mumbai institutes, have undertaken the project as a part of their Corporate Social Responsibility (CSR) activity.

Paytm launches Payments Bank

Digital payment wallet service Paytm on 23 May 2017 launched its Payments Bank operations by launching its first physical branch in Noida. 
●    Paytm Payments Bank will be the first bank in the country to offer cashbacks on deposits. 
●    The bank will now be expanded to 31 branches and 3000 customer service points in the first year.
●    With this launch, there are now three payments bank operational in the country, the other two being Airtel Payments Bank Ltd and India Post Payments Bank Ltd.
●    As a Payments Bank, Paytm will be able to accept deposits up to Rs 1 lakh per customer in savings or current accounts.
●    Customers will also be offered zero charges on all online transactions and no minimum balance requirement.
●    For Savings Accounts, it will offer an interest of 4 per cent per annum in line with the interest rates of all leading commercial banks. 
●    It will also offer current accounts to its millions of merchants.

India becomes second largest steel producer in the world

As per the data released by the International Stainless Steel Forum (ISSF) in May 2017, India overtook Japan to become the second-largest steel producer in the world in 2016.
●    The data was released by the International Stainless Steel Forum at a annual conference in Tokyo, Japan.
●    India’s stainless steel production rose to 3.32 million tons for 2016. 
●    The data showed a growth of about 9 per cent over 3.0 million tons achieved in 2015.
●    As per the data, the top producer of the steel of the world in the year 2016 is China.
●    During 2014 and 2015, India was the third largest producer of raw steel and the largest producer of sponge iron in the world.
●    The industry produced 91.46 million tons of total finished steel and 9.7 million tons of pig iron.
●    Most iron and steel in India is produced from iron ore.
●    Most of the public sector undertakings market their steel through the Steel Authority of India (SAIL).

Current Affairs 23rd May 2017: AWARDS

India’s Rohan Chakravarty wins WWF International President’s Award

Rohan Chakravarty, Indian wildlife and environment cartoonist, in May 2017 won 2017 WWF International President’s Award.
●    Chakravarty has been honoured for his efforts to inspire change and attitudes towards nature.
●    Chakravarty, under the banner of Green Humour, runs a series of cartoons on nature conservation issues. 
●    It is possibly one of the largest cartoon collections in the genre in India today.
●    Green Humour is published across several wildlife and environment magazines and newspapers.
●    It is also the first Indian comic strip to be distributed internationally.
●    The wildlife and environment cartoonist was announced as one of the two winners of the award, alongside Indonesian environmental youth champion, Adeline Tiffanie Suwana.
●    The 2017 WWF International President’s Award was presented in Manado, Indonesia.
●    The WWF International President’s Award is the global conservation organization’s top honour to recognize outstanding leadership in young conservationists from around the world.
 

Current Affairs 23rd May 2017: INTERNATIONAL NEWS

Bilateral meetings – Ecuador and Colombia (16-19 May, 2017)

Commerce Secretary, Ms. Rita Teaotia led an official and a business delegation to Ecuador and Colombia from 16th to 19th May, 2017.
●    In Ecuador, she held bilateral meetings with Minister of Commerce of Ecuador, Mr. Juan Carlos Cassinelli and discussed bilateral trade and investment relations.
●    A meeting with the Industry representatives of both sides was also held which was attended by Commerce Secretary and Mr. Juan Carlos. 
●    From Indian side companies representing sectors like Pharma, IT, Auto, Mining & construction, Bio Fuels, Agro-Chemicals, Iron & Steel and Textiles and FICCI representatives were present. 
●    From Ecuador side Pro Ecuador and their business representatives participated in the meeting.
●    During the visit, Commerce Secretary co-chaired the First Meeting of the Joint Economic and Trade Committee (JETCO). 
●    From the Ecuador side meeting was co- chaired by the Vice Minister of Trade, Integration and Trade Remedies, Dr. Humberto Jiménez.
●    Both India and Ecuador agreed to take actions to boost their bilateral relations in order to promote a growing and balanced trade in potential sectors.

Current Affairs 23rd May 2017: SPORTS

Mumbai Indians beat Rising Pune Supergiant to win 2017 IPL

Mumbai Indians on 21 May 2017 defeated Rising Pune Supergiant by 1 run to clinch the tenth edition of the Indian Premier League. 
●    It is the third time that the Mumbai Indians clinched the IPL winner title.
●    With the win, Mumbai Indians became the first team to win three IPL titles.
●    Krunal Pandya of Mumbai Indians was declared the Man of the Match.
●    Sunrisers Hyderabad David Warner was termed the leading runscorer of the tournament with 641 runs. 
●    Bhuvneshwar Kumar of Sunrisers Hyderabad was the leading wicket-taker of the tournament with 26 wickets.
●    The Mumbai Indians is a franchise cricket team in the Indian Premier League.
●    The franchise is owned by India's biggest conglomerate, Reliance Industries, through its 100% subsidiary IndiaWin Sports.

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