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Important Current Affairs of 19th & 20th May

NATIONAL

Govt plans introducing artificial intelligence system in MCA 21 portal

• The union governmentplans to introduce artificial intelligence system in the MCA 21 portal as it seeks to make the compliance process easier as well as ensure routine enforcement activities are done round-the-clock on autopilot basis.

MCA 21 is the electronic backbone for the dissemination of information to all stakeholders, including the regulator, corporates and investors.

• All filings under the companies law are submitted to the ministry through this portal.

• Ministry of Corporate Affairs Secretary Injeti Srinivas has said the ministry would like to introduce Artificial Intelligence in MCA 21 when version 3 of the portal is rolled out in about a year's time.

India sets Guinness World Records of largest laundry lesson with the participation of 400 young men

• India achieved a Guinness World Records of ‘largest laundry lesson’ with the participation of 400 young Indian men.

The event was a part of #sharetheload campaign.

• It was done to share the responsibility of cleaning clothes at home along with the female members of the family

The event was initiated by Ariel India.

• It was hosted by Mandira Bedi and Indian Actor Anil Kapoor also joined the function.Earlier, the largest laundry lesson was achieved by Lion NANOX Team (Japan) at Lion Hirai Research Laboratory in Edogawa, Tokyo, Japan on November 29, 2017. It had 318 people.

Kerala became first state to list Masala Bond in overseas market

• Kerala became the first state to tap into masala bond market by listing the Kerala Infrastructure Investment Fund Board (KIIFB)’s masala bond worth of USD 312 million (Rs 2,150 crore) in London Stock Exchange (LSE)’s International Securities Market (ISM).

• The masala bond has tenor of 5-year and a 9.723% coupon

Kerala’s state finance minister Thomas Issac executed this move.

• The main objective of this initiative was to tap masala bond market and to rebuild the infrastructure in Kerala from the proceeds of masala bond.

AGREEMENTS

BSNL partnered with Google for expanding WiFi footprint

• Bharat Sanchar Nigam Limited (BSNL) partnered with Google on the occasion of World Telecom Day.

• The main objective is to expand BSNL Wifi footprint in the country.

Currently, there are around 38,000 BSNL Wifi hotspot locations working across the country and one can use these after buying the Wi-Fi vouchers worth of Rs 19 and more.

BANKS AND ECONOMICS

HDFC Capital Advisors launched an initiative termed as HDFC Affordable Real Estate and Technology Programme (HeART).

• HDFC Capital Advisors, (a wholly-owned subsidiary of HDFC Ltd) launched an initiative termed astHDFC Affordable Real Estate and Technology Programme (HeART), the objective of which is to mentor, partner and invest in real estate technology companies which produce innovative products that aim at lowering costs and creating efficiencies in every stage of the development cycle of the affordable housing system.

• Due to the upcoming technology disruptions, all processes like land approvals, planning and design, construction, project management, sales and facilities management would undergo a drastic change.

• HDFC Capital will also be collaborating with leading academic institutions, industry platforms and accelerators which would aid in creating an ecosystem that supports various components in the development of affordable housing.

Panel submits report on digital payments to RB

• A Reserve Bank of India-appointed committee on ‘suggestions on promoting digital payment’. It was headed by Aadhaar architect Nandan Nilekani has submitted its suggestions on promoting Payment and Settlement Systems in India: Vision 2019 - 2021, digital payments to Governor Shaktikanta Das.

• The five-member panel was encouraging digitisation of payments and enhance financial inclusion through digitisation.

RBI will examine the recommendations of the committee and will link the action points, wherever necessary, in its Payment Systems Vision 2021 for implementation.

• Panel Members: Besides Nandan Nilekani (Infosys co-founder), H R Khan (former RBI deputy governor), Kishore Sonsi (former MD and CEO of Vijaya Bank), Aruna Sharma (former secretary in ministries of IT and steel) and Sanjay Jain (chief innovation officer, Centre for Innovation, Incubation & Entrepreneurship (Cll E), 11M Ahmedabad).

RECOGNITION

Nancy Pelosi honoured with 2019 John F Kennedy Profile in Courage Award

• The USA's House of Representatives Speaker Nancy Pelosi was honoured with 2019 John F Kennedy Profile in Courage Award. She was recognized for putting national interest above her party's interest, for her efforts to pass former President Barack Obama's 2010 health care law(Obama Care) and also for helping Democrats reclaim control of U.S. House during 2018 elections.

• She has served in House of Representatives since 1987.

• Previous Honorees of the award includes former Presidents Barack Obama, Gerald Ford, and prominent lawmakers Rep. John Lewis and late Sen. John McCain.

About JFK Profile in Courage Award:

It is an annual award that was created in 1989 by members of President J.F. Kennedy’s family.

It seeks to honor J.F. Kennedy and to recognize and celebrate the quality of political courage which he admired most. The award recognizes a public official (or officials) at the local, federal or state level whose actions speaks of qualities of politically courageous leadership.

OBITUARIES

I M Pei The Master Architect Passes Away

• I M Pei, a dominant figure in American architecture for more than three decades who designed the Louvre’s crystal pyramid, has passed away.

• Pei’s more than 50 projects included the Musee d’Art Moderne in Luxembourg (2006) and the 72-story Bank of China Tower in Hong Kong (1989).

• He was honored with the American Institute of Architects’ Gold Medal in 1979; the Grande Medaille d’Or from the Academie d’Architecture de France; and the Presidential Medal of Freedom in the USA.

SPORTS

PV Sindhu, Saina Nehwal to spearhead Indian challenge at Sudirman Cup in China

• Sudirman Cup tournament will begin at the Guangxi Sports Center Gymnasium in Nanning, China .

• The Top shuttlers PV Sindhu and Saina Nehwal will spearhead the Indian challenge at this prestigious tournament.

• The Indian team will begin their campaign tomorrow against Malaysia in Group 1-D.India reached the quarterfinals twice in the 2011 and 2017 editions but failed to cross the last eight stage.

Sudirman Cup is a mixed team Badminton Championship held every two years.

• There are 12 elite teams that will take part in the tournament. Each group comprises of three teams, with the top two qualifyings for the quarterfinals.

Rafael Nadal claimed the Italian Open 2019 title

• Rafael Nadal has won a record 34th ATP Masters 1000 title by defeating Novak Djokovic in the Italian Open final 2019. This is his ninth Rome title. 

• Nadal dominated in a 6-0, 4-6, 6-1 win broke a tie with his longtime rival Djokovic. For his victory, Nadal received 1,000 ATP Ranking points and earned ₹7.5 crore. Djokovic produced an error-strewn performance in his 54th meeting with Nadal.

• After three semi-final defeats in Monte Carlo, Barcelona and Madrid, Nadal has returned to his best form ahead of Roland Garros and clinched his first title of the season.

Result of Italian Open 2019:

Men's Singles:

Spain Rafael Nadal

Women's Singles:

Czech Republic Karolína Plíšková

Men's Doubles:

Colombia Juan Sebastián Cabal / Colombia Robert Farah

Women's Doubles:

Belarus Victoria Azarenka / Australia Ashleigh Barty.

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