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Important Current Affairs 5th May 2017

Important Current Affairs 5th May 2017 

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important Current Affairs 5th May 2017 with Free PDF 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 5th May 2017: NATIONAL NEWS

GSLV Successfully Launches South Asia Satellite 

India's Geosynchronous Satellite Launch Vehicle (GSLV-F09) successfully launched the 2230 kg South |Asia Satellite (GSAT-9) into its planned Geosynchronous Transfer Orbit (GTO) today (May 05, 2017). 
●    Today’s launch of GSLV was its eleventh and took place from the Second Launch Pad at the Satish Dhawan Space Centre SHAR (SDSC SHAR), Sriharikota, the spaceport of India. 
●    This is the fourth consecutive success achieved by GSLV carrying indigenously developed Cryogenic Upper Stage. 
●    In its oval shaped GTO, the South Asia Satellite is now orbiting the Earth with a perigee (nearest point to Earth) of 169 km and an apogee (farthest point to Earth) of 36,105 km with an orbital inclination of 20.65 deg with respect to the equator. 
●    Few seconds before the launch countdown reached zero, the four liquid propellant strap-on motors of GSLV-F09, each carrying 42 tons of liquid propellants, were ignited. 
●    At count zero and after confirming the normal performance of all the four strap-on motors, the 139 ton solid propellant first stage core motor was ignited and GSLV lifted off at 16:57 IST. 
●    The major phases of the flight occurred as scheduled. About seventeen minutes after lift-off, South Asia Satellite was successfully placed in GTO. 

Facility of online registration of Child Care Institutions launched by Smt Maneka Sanjay Gandhi 

The facility of online registration of Child Care Institutions across the country was launched by the Minister of Women & Child Development, Smt Maneka Sanjay Gandhi in New Delhi today. 
●    The Minister of State for Women & Child Development, Smt Krishna Raj, Secretary WCD, Ms. Leena Nair and senior officers of the Ministry, CARA and Childline among others were present on the occasion. 
●    Speaking on the occasion, Smt Maneka Sanjay Gandhi said that online registration of CCIs is a very important part of good governance. 
●    It will now make it easy for CCIs to register themselves, she added. 
●    The WCD Minister, Smt Maneka Sanjay Gandhi said that online registration will provide a centralized system where all the information will be readily available about the CCIs in the country. 
●    It will be possible to know on a real time basis as to how many children are available in each CCI, how many are available for adoption, which children need help and what type of assistance needs to be provided to them, she added. 

MoUs Worth Rs 2 Lakh Crores Signed in the India Integrated Transport & Logistics Summit 

Thirty-four MoUs amounting to about Rs 2 lakh crores were signed in the three day India Integrated Transport and Logistics Summit that was concluded in New Delhi today. 
●    These MoUs were in the areas of port connectivity, Integrated Check Posts (ICP) in the states of Bihar, Uttarakhand, Uttar Pradesh, West Bengal, Manipur, access to land port in Tripura, Assam and Mizoram, development of Logistics Parks in Telangana, Andhra Pradesh, Karnataka, Madhya Pradesh, Assam, Gujarat, Mizoram, development and furthering of multi modal logistics parks in Mumbai and Bengaluru and Haryana,  exploring investment opportunities in logistics sector, dredging of inland waterways, implementation of 79 port connectivity projects under Sagarmala, development of port roads to Chennai and Vishakhapatnam ports, and connectivity to airport in Navi Mumbai, among others. 
●    Some of these MoUs are between Government agencies while others are between Government to Business and Business to Business.
●    The Summit was attended by around 3000 delegates from India and abroad, which included central and state government organizations , international organizations like World Bank and ADB, delegates, global transport and supply chain experts and representatives of private companies. 
●    The sessions focused on six major themes that included Multi Modal Logistics Parks, New developments in Urban Transportation, Freight Corridors for Economic Development, Supply Chain Transformation- Storage Innovations, GST and Role of Digitization for Decongestion and Standards and Skills for Logistics. 
Fifty speakers from across the globe shared their views, expertise and experience about developing the logistics and integrated multi modal transport sector in India.


 

Cabinet approves Vijayawada Airport as International Airport

The Union Cabinet led by Prime Minister Narendra Modi on 3 May 2017 approved the declaration of Vijayawada Airport as International Airport, as per the provisions of Andhra Pradesh Reorganisation Act, 2014.
●    The move will help enhance connectivity to the State capital. 
●    It will also expand the choice of services for the air travellers and that too at competitive costs. 
●    This will encourage more international passengers to visit the city thereby, boosting domestic and international tourism and the socio-economic development of Andhra Pradesh.
●    An airport is declared as an International airport depending upon its traffic potential and demand from airline operators for the operation of international flights.

Current Affairs 5th May 2017: ECONOMY NEWS

Union Cabinet approves issuing ordinance to resolve NPAs of banks

To eliminate the problem of bad loans, the Union Cabinet on 3 May 2017 approved an ordinance to amend the Banking Regulation Act for dealing with the non-performing assets (NPAs) in the banking system.
●    Details of the ordinance will be revealed after President Pranab Mukherjee gives his assent to an ordinance to amend the Banking Regulation Act to resolve the Non-Performing Assets crisis.
●    The promulgation of the ordinance was given a green signal during the cabinet meeting chaired by Prime Minister Narendra Modi.
●    Parliamentary Standing committee on Finance tabled report on NPAs of Public Sector Banks
●    The set of measures includes the promulgation of an Ordinance to amend the Banking Regulation Act to give more powers to Reserve Bank of India (RBI) and its committees to act on behalf of banks while deciding on NPAs.
 

Current Affairs 5th May 2017: GLOBAL NEWS

Archaeologists uncover 4000-year-old model garden outside Egypt tomb

A group of archaeologists discovered the remains of a nearly 4000 year old model garden outside a tomb in the ancient Egyptian capital of Thebes, today known as Luxor.
●    The discovery was announced by Egypt’s Antiquities Ministry said on 3 May 2017.
●    The discovery was made by a Spanish team in the Draa Abul Nagaa necropolis across the Nile from the modern-day city of Luxor. 
●    The Draa Abul Naga necropolis lies near the Valley of the Kings, where many of the pharaohs, including Tutankhamun, were buried.
●    The garden was discovered during excavations in an open courtyard outside a Middle Kingdom tomb.
●    It is a small rectangular garden that has an area of three by two meters.
●    It is divided into equal square plots, each about 30 centimetres across.

Current Affairs 5th May 2017: SPORTS NEWS

India placed at 100th spot in FIFA Rankings after 21 years

FIFA World Rankings The Indian football team made it into the top 100 of the FIFA World Rankings for the first time in 21 years.
●    The team is placed at 100th alongside Nicaragua, Lithuania and Estonia. The FIFA rankings were released on 4 May 2017.
●    India's rise in the rankings has been due to triumphs over Cambodia and Myanmar.
●    It was in February 1996 that India was placed on the 94th spot, which is the country's best ever FIFA ranking.
●    The FIFA World Ranking is a ranking system for men's national teams in association football.
●    The teams of the member nations of FIFA are ranked based on their game results with the most successful teams being ranked highest.
●    The rankings were introduced in December 1992.
 

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