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    Important Current Affairs 25th May 2019

    NATIONAL:

    25-yr-old mechanical engineer Chandrani to become youngest MP ever

    • BJD's Chandrani Murmu, a 25-year-old mechanical engineer who won Odisha's reserved Keonjhar seat by defeating two-time BJP MP Ananta Nayak, will become the youngest member in Lok Sabha history. Chandrani won the seat by 66,203 votes. She will replace JJP founder Dushyant Chautala, who had become the youngest parliamentarian at 26 after being elected to 16th Lok Sabha from Hisar.

    NDA elects Narendra Modi as its leader for 2nd time in a row.

    • The BJP-led NDA has elected Narendra Modi as its leader for the second time in a row at NDA parliamentary board meeting today. Modi will meet President Ram Nath Kovind later today to stake claim to form government. "I thank all allies and MPs who unanimously chose NDA leader Narendra Modi as the new PM," said BJP President Amit Shah.

    About NDA:

    • The National Democratic Alliance is a coalition of right-leaning political parties in India. At the time of its formation in 1998, it was led by the BJP and had 13 constituent parties. Its chairman was late Prime Minister Atal Bihari Vajpayee. Also representing the alliance are L. K

    • Chairperson: Amit Shah

    • Founder: Bharatiya Janata Party

    • Founded: May 1998

    • Members: Bharatiya Janata Party, Biju Janata Dal, All India Anna Dravida Munnetra Kazhagam.

    INTERNATIONAL:

    Trump bypasses US Congress to sell $8-billion arms to Saudi, UAE.

    • US President Donald Trump, declaring a national emergency because of tensions with Iran, bypassed Congress on Friday to complete the sale of over $8 billion worth of weapons to Saudi, the UAE and Jordan. Members of Congress had been blocking sales of military equipment to Saudi and the UAE because of huge civilian toll from their air campaign in Yemen.

    APPOINTMENTS AND RESIGNATION:

    Indian Army officer appointed head of UN Mission in South Sudan.

    • Lieutenant General Shailesh Tinaikar has been appointed as the new Force Commander of the United Nations Mission in South Sudan (UNMISS) by UN Secretary-General António Guterres. He served in the UN Angola Verification Mission III from 1996 to 1997, and in the UN Mission in Sudan from 2008 to 2009. Lieutenant General Tinaikar is currently Commandant of The Infantry School.

    • Lieutenant General Shailesh Tinaikar:

    • General Shailesh Tinaikar is the recipient of the Sena Medal and the Vishisht Seva Medal for Distinguished Service. A 1983 graduate of the Indian Military Academy, he was the Additional Director General of Military Operations at Army Headquarters before taking charge of the Infantry School in Mhow.

    About United Nations Mission in South Sudan:

    • The United Nations Mission in South Sudan is the newest United Nations peacekeeping mission for the recently independent South Sudan, which became independent on 9 July 2011. UNMISS was established on 8 July 2011 by United Nations Security Council Resolution 1996.

    Wikipedia

    • Headquarters: Juba, South Sudan

    • Head: David Shearer

    • Founded: 9 July 2011

    • Parent organization: United Nations Security Council.

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    Important Current Affairs of 24th May

    INTERNATIONAL:

    US, Japan, South Korea, Australia Hold 1st Naval Drills In Western Pacific.

    • US State Department approved to sell air-defense missiles for worth of more than USD 600 million to Japan and South Korea.

    This approval was result of rising tension with North Korea when a pair of missile was tested by North Korea last week.

    The US government has approved sale of 94 SM-2 missiles used by ships against air threats along with 12 guidance systems for a total cost of USD 313.9 million.

    About South Korea

    Capital: Seoul

    Currency: South Korean Won

    President: Moon Jae-in

    About Japan

    Capital: Tokyo

    Currency: Japanese Yen

    Prime Minister. Shinzo Abe

    About USA

    Capital: Washington D.C.

    Currency: United States Dollar

    President: Donald Trump

    APPOINTMENTS AND RESIGNATIONS:

    Jagan Mohan Reddy To Be Sworn In As CM of Andhra Pradesh.

    • YSR Congress Chief Jagan Mohan Reddy sworn in as chief minister of Andhra Pradesh on 30th of May at Vijayawada.

    • Mr Jagan Mohan Reddy announced this following his party achieving inching towards a landslide victory in the legislative elections for Andhra Pradesh Legislative assembly.

    He will replace N Chandrababu Naidu who resides as Andhra Pradesh CM

    About YSR Congress Party

    President: Y. S. Jaganmohan Reddy

    Founded:12 March 2011

    Odisha Cong chief resigns after party's defeat in LS polls.

    • Odisha Pradesh Congress Committee President Niranjan Patnaik on Friday announced his resignation after the party's defeat in the state. "I've sent my resignation to Congress President (Rahul Gandhi) owning moral responsibility for party's poor show in Lok Sabha and Assembly polls in (Odisha)," he said. "While Congress faced defeat in the state, I too lost at the hustings," Patnaik added.

    About Niranjan Patnaik:

    • Niranjan Patnaik is an Indian politician, from Orissa. He is currently state president of Orissa Pradesh Congress Committee and former minister of Orissa State.

    • Born: 22 February 1948 (age 71 years), Anandapur

    • Party: Indian National Congress

    • Residence: Bhubaneswar

    • Education: Utkal University (1962)

    • Siblings: Soumya Ranjan Patnaik, Chittaranjan Patnaik

    • Children: Navajyoti Patnaik

    YSRCP wins Andhra Assembly polls, Jagan Reddy to become CM.

    • YSR Congress Party (YSRCP) has won the Assembly election in Andhra Pradesh, with victory in 151 of the 175 constituencies in the state. The previous ruling party Telugu Desam Party (TDP) managed to win 23 seats. Meanwhile, YSRCP leader Ummareddy Venkateswarlu has announced that party chief YS Jagan Mohan Reddy will take oath as the Chief Minister on May 30.

    About Jagan Mohan:

    • Yeduguri Sandinti Jaganmohan Reddy, is an Indian politician from Andhra Pradesh, who is the founder and leader of YSR Congress Party, and Leader of opposition in the Andhra Pradesh Legislative Assembly since 16 May 2014. He is the son of the former Chief Minister of Andhra Pradesh, Y. S. Rajasekhara Reddy.

    • Born: 21 December 1972 (age 46 years), Pulivendula

    • Party: YSR Congress Party

    • Spouse: Y S Bharati (m. 1996)

    • Education: Nizam College, The Hyderabad Public School, Begumpet

    • Siblings: Y. S. Sharmila

    • Children: Harsha Reddy, Varsha Reddy

    About YSR Congress Party (YSRCP).

    • YSR Congress Party is a regional political party in the states of Andhra Pradesh and Telangana in India. Currently, its president is Y. S. Jaganmohan Reddy, the son of former Andhra Pradesh chief minister Y. S. Rajasekhara Reddy. Both YSR and Jaganmohan Reddy had been members of the Indian National Congress.

    • President: Y. S. Vijayamma

    • Leader: Y. S. Jaganmohan Reddy

    • Founder: Y. S. Jaganmohan Reddy

    • Founded: 12 March 2011

    • Wings: YSR Congress Trade Union, YSR Congress Mahila Wing, YSR Congress Student Wing, YSR Congress Youth Wing

    • Headquarters: Hyderabad, Telangana, India

    Theresa May to resign as the Prime Minister of UK on June 7.

    • Theresa May on Friday said she will step down as the Prime Minister of the United Kingdom on June 7. This comes as May faced backlash by her own MPs against her latest Brexit plan. Since January, the UK Parliament has rejected the withdrawal agreement that May negotiated with the European Union (EU) three times.

    About Theresa may:

    • Theresa Mary May is a British politician who serves as Prime Minister of the United Kingdom and Leader of the Conservative Party from 2016 until 2019. May was first elected Member of Parliament for Maidenhead in 1997, and served as Home Secretary from 2010 to 2016.

    • Born: 1 October 1956 (age 62 years), Eastbourne, United Kingdom

    • Party: Conservative Party

    • Previous offices: Home Secretary of the United Kingdom (2010–2016),

    • Education: St Hugh's College, Oxford (1974–1977), University of Oxford.

    About United Kingdom:

    • The United Kingdom, made up of England, Scotland, Wales and Northern Ireland, is an island nation in northwestern Europe. England – birthplace of Shakespeare and The Beatles – is home to the capital, London, a globally influential centre of finance and culture. England is also site of Neolithic Stonehenge, Bath’s Roman spa and centuries-old universities at Oxford and Cambridge.

    BJD wins 112 seats in Odisha, Patnaik set to be CM for 5th time in row.

    • BJD won 112 seats out of 146 in 2019 Odisha Assembly polls, with party President Naveen Patnaik set for a fifth consecutive term as CM. Patnaik becomes only the third CM after Sikkim’s Pawan Chamling and West Bengal’s Jyoti Basu to achieve the feat. BJP won 23 seats, Congress 9, and CPI(M) and an independent candidate won one seat each.

    About Naveen Patnaik:

    • Naveen Patnaik is an Indian politician who is the current and 14th Chief Minister of Odisha. He is also the president of the Biju Janata Dal, a writer and has published four books.

    • Born: 16 October 1946 (age 72 years), Cuttack

    • Party: Biju Janata Dal

    • Education: The Doon School, Welham Boys' School, University of Delhi, St Stephen's College, Kirori Mal College Hostel

    • Siblings: Gita Mehta, Prem Patnaik.

    • Parents: Biju Patnaik, Gyan Patnaik.

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    Important Current Affairs of 23th May

    NATIONAL:

    Indra Nooyi was presented with an honorary degree by the prestigious Yale University.

    • Former PepsiCo chairman and CEO Indra Nooyi was presented with an honorary degree by the prestigious Yale University, her alma mater. The degree is to recognize her achievements in business and for being a global role model who encouraged women and girls to see themselves as top corporate executives. She is celebrated for her leadership and her commitment to helping women achieve success.

    • Nooyi, She received a degree in Master of Public and Private Management from the university's Yale School of Management in 1980, was presented with the Honorary Doctor of Humane Letters.

    • Nooyi was among 11 individuals to be presented with the honorary degrees for achieving distinction in their fields.

    Others who received the honorary degrees included author and feminist activist Gloria Steinem, wildlife researcher Cynthia Moss, entrepreneur and philanthropist Strive Masiyiwa and Harvard University president Lawrence Bacow.

    Indra Nooyi:

    • In 2006, Nooyi became the first woman to helm the global food and beverage giant PepsiCo. She stepped down in October 2 last year as PepsiCo's CEO, after 24 years with the company, the last 12 as CEO of the global beverage giant.

    • Nooyi was recently elected to the board of Amazon, on whose audit compensation committee she sits. She is a member of the World Economic Forum board of trustees and of the American Academy of Arts and Sciences.

    • She is also an independent director of the International Cricket Council and chair of the compensation committee at Schlumberger, an oilfield services company, on whose board she serves.

    • One of 25 women to have led a Fortune 500 company, Nooyi has appeared frequently on the Forbes and Fortune rankings of the world's most powerful women.

    Cong's Ramya Haridas becomes Kerala's second-ever Dalit woman MP.

    • Ramya Haridas, Congress' Lok Sabha candidate from Alathur constituency in Kerala is set to become the second-ever Dalit woman MP from the state. She defeated senior CPI(M) leader and sitting MP PK Biju with a margin of nearly 1.59 lakh votes. The 32-year-old, who has a habit of breaking into songs during rallies, recited a poem to thank the voters.

    • About Ramya Haridas:

    • Ramya Haridas is an Indian politician of Indian National Congress in the state of Kerala and the daughter of All India Mahila Congress leader Radha. She currently serves as the Block panchayat President of Kunnamangalam. She will be contesting from Alathur in 2019 election as All Indian National Congress candidate.

    • Born: 1987 (age 32 years), Kozhikode

    • Party: Indian National Congress.

    Gopal becomes first HIV-infected climber to scale Everest.

    • Gopal Shrestha, a 56-year-old from Nepal's Pokhara, on Wednesday became the first HIV-infected climber to scale the world's highest peak, the Mount Everest. Shrestha, who used to play football for Nepal, climbed the peak in his second attempt after being forced to abandon his first attempt due to the deadly earthquake in Nepal in 2015.

    AGREEMENTS AND MOU’s:

    Assam Rifles signed the charter of affiliation with the Indian Coast Guard.

    • In a first, the Assam Rifles (AR) signed the charter of affiliation with the Indian Coast Guard to enhance inter-forces cooperation and interoperability. It is a permanent affiliation of Assam Rifles with the Coast Guards.

    •  The charter of affiliation was signed by the Director General (DG) of the Indian Coast Guard, Rajendra Singh and DG, Assam Rifles Lt Gen Sukhdeep Sangwan on 22 May 2019.

    Main Objective:

    The objective of the affiliation is to promote bilateral cooperation between the two Services and contribute to joint capacity for training, sports, adventure, and sustainable development.

    The affiliation includes:

    The training will involve the exchange of information and personnel of the two Forces and building camaraderie. The two will work together in humanitarian missions and other areas.

    A combat battalion of Assam Rifles will soon be training onboard ICGS Shaurya (16), an offshore patrol vessel in Chennai.

    In due course of time, arrangements will be made for the exchange of personnel including those with an understanding of Land Border Management (LBM) with Assam Rifles battalions.

    Over-Seas Deployment (OSD) of AR personnel on board an ICG ship, bilateral meetings between the two forces, and participation of experts from both sides in such meetings.

    ADB to provide ₹5,200 cr to electrify railway tracks in India.

    • The Asian Development Bank (ADB) on Wednesday said it will provide $750 million (over ₹5,200 crore) long-term financing to electrify railway tracks in India. This is the largest single non-sovereign loan ever committed by the funding agency. Indian Railway Finance Corporation (IRFC) will use the loan to install electric traction equipment along about 3,378 kilometres of existing railway lines.

    About ADB:

    • The Asian Development Bank is a regional development bank established on 19 December 1966, which is headquartered in the Ortigas Center located in the city of Mandaluyong, Metro Manila, Philippines. The company also maintains 31 field offices around the world to promote social and economic development in Asia.

    Wikipedia

    • Headquarters: Mandaluyong, Philippines

    • President: Takehiko Nakao

    • Membership: 68 countries

    • Founded: 19 December 1966

    • Purpose: Economic development

    • Subsidiaries: Asian Development Bank Institute

    BANKS AND ECONOMICS:

    HDFC Group Overtakes Tata Group As Indias Most Valuable.

    • HDFC group overtaken the 151-year-old Tata group to emerge as India’s most valuable by way of market capitalization (m-cap).

    The combined market value of the five listed companies of the HDFC group – HDFC, HDFC Bank, HDFC Life, HDFC Asset Management and Gruh Finance stood at Rs 11.66 lakh crore while the combined m-cap of 29 Tata group companies stood at Rs 11.64 lakh crore, about Rs 2,000 crore less than that of the HDFC group.

    About HDFC group

    CEO: Aditya Puri

    Headquarters: Mumbai

    Founded: August 1994, India

    Subsidiaries: HDFC securities, HDB Financial Services

    APPOINTMENTS AND RESIGNATIONS:

    N Chandrababu Naidu resigns as CM of Andhra Pradesh.

    • N Chandrababu Naidu has resigned as Andhra Pradesh CM after trends showed his Telugu Desam Party (TDP) leading in only 23 Assembly seats and winning two. YS Jagan Mohan Reddy-led YSR Congress Party (YSRCP) is leading in 138 Assembly seats and has won 12. The Legislative Party meeting of YSRCP is set to take place on May 25.

    About N Chandrababu Naidu:

    • Nara Chandrababu Naidu is an Indian politician who was the former Chief Minister of Andhra Pradesh serving since 2014. He was the first chief minister of the state since it was divided. Wikipedia

    • Born: 20 April 1950 (age 69 years), Naravaripalli

    • Spouse: Nara Bhuvaneshwari (m. 1980)

    • Education: Sri Venkateswara University

    • Siblings: Ramamurthy Naidu

    • Parents: N. Kharjura Naidu, Amanamma Naidu

    • Children: Nara Lokesh

    Netflix hires its first India content IP lawyer.

    • Netflix has reportedly appointed Priyanka Chaudhari as director and senior counsel for content and Intellectual Property (IP) in India. Chaudhari, who worked at Balaji Telefilms as VP-Group Legal for around two years, will be Netflix's first content IP lawyer in India, the report said. Reportedly, in her new role, Chaudhari will report to Netflix's Los Angeles office.

    About Netflix:

    • Netflix, Inc. is an American media-services provider headquartered in Los Gatos, California, founded in 1997 by Reed Hastings and Marc Randolph in Scotts Valley, California

    • Founded: 29 August 1997, Scotts Valley, California, United States

    • Films produced: Black Mirror: Bandersnatch, The Kissing Booth, MORE

    • Owned by: Morgan Stanley, Reed Hastings

    • Founders: Reed Hastings, Marc Randolph

    • Did you know: Netflix is the world's seventh-largest internet company by revenue.

    DAYS:

    World Tortoise Day is observed on 23rd May.

    • World turtle day is observed on 23rd May. It is sponsored yearly since 2000 by American Tortoise Rescue. The aim is to bring attention to, and increase knowledge of and respect for, turtles and tortoises, and encourage human action to help them survive and thrive. This year the day spotlights on freshwater turtles.

    • The herpetologists, one who studies about amphibians and reptiles, have launched a unique initiative to gather more information about India’s freshwater turtles and tortoises.

    In India:

    • The India Biodiversity Portal has initiated a ‘Turtle Spotting Week’ as part of a unique exercise to document the creatures across India. The week began on 17th May and ends on 23rd May 2019.

    • There are at least 28 species of freshwater turtles which can be spotted across the country and we felt that not enough attention was being given to them. Research and conservation activities in particular are limited and we wanted to encourage more people to document their findings.

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    Important Current Affairs of 22th May

    INTERNATIONAL:

    Nepal banned popular Chinese digital wallets Alipay and WeChat.

    • Nepal banned popular Chinese digital wallets Alipay and WeChat to prevent the loss of foreign currency earnings from tens of thousands of Chinese tourists. The reason cited is Nepal was losing out since the actual transactions took place in China.

    • Over 1,50,000 Chinese holidaymakers visited Nepal in 2018, many using digital wallets to pay in hotels, restaurants, and shops in tourist areas, especially in Chinese-run businesses.

    • Nepal:

    President: Bidhya Devi Bhandari

    Prime Minister: KP Sharma Oli

    Capital: Kathmandu

    Currency: Nepalese rupee

    Bangladesh stopped visas for Pakistani nationals.

    • The Bangladesh High Commission in Islamabad has stopped issuing visas to Pakistani nationals for one week over a fresh diplomatic row amid strained bilateral ties since 2013 when Dhaka decided to hang several of the 1971 war criminals.

    The Bangladesh High Commission in Islamabad stopped issuing visas to Pakistanis for the last one week as a mark of protest as a Bangladeshi diplomat's visa-extension application has not been cleared by the Pakistan government for last four months.

    No official announcement yet made:

    In 2018, Dhaka denied a visa to the Pakistan High Commissioner. The Foreign Office in Dhaka, however, is yet to make any formal confirmation and no official notification has been issued on the halting of visas to the Pakistani nationals.

    Bangladesh refusal for Pak. new high commissioner:

    Bangladesh has reportedly refused to accept the 'agreement' from Islamabad for the appointment of a new high commissioner.

    Pakistan Ministry of Foreign Affairs named Saqlain Syedah as its new High Commissioner to Bangladesh, but Dhaka refused to accept the "agreement", a diplomatic requirement under which a host country has to confirm the appointment of an incoming envoy.

    Reason:

    Bangladesh, which seceded from Pakistan in 1971, has accused Pakistan of financing terrorism on its soil. Bilateral ties have become so strained. Now it has halted granting visas to all Pakistanis.

    AGREEMENTS AND MOU’s:

    Tech Mahindra signed a defence contract worth Rs.300 crore with Indian Navy.

    • IT major, Tech Mahindra has signed a defence contract worth Rs.300 crore with Indian Navy. This contract is its biggest agreement to date. The IT major will implement RFID-based access control system across all naval bases and ships as part of 'Armed Forces Secure Access Card (AFSAC)' Project. AFSAC  will replace the existing paper-based identity card for all Navy personnel, including dependents and ex-servicemen. As part of the AFSAC Project, Tech Mahindra will implement RFID (Radio Frequency Identification) based access control system across all naval bases and ships.

    AFSAC Project:

    •  The Mumbai-based company will develop a secure application to manage the access control devices, network devices, and the AFSAC card through a data centre.

    •  The security of Indian Naval establishments against unauthorized access is a thrust area and the AFSAC Project will be an important step towards achieving this aim.

    • Scheduled to be implemented over the next two years, the project will ensure smooth issuance, handling, administration, management and life-cycle support of AFSAC Cards on turnkey basis.

    • This project further cements the company's role as one of the leading system integrators globally. Tech Mahindra is already working with entities like Coal India, India Ports Association, Kanpur Smart City and others.

    Tech Mahindra:

    Type: Public

    Founded on: 24 October 1986

    Chairman: Anand Mahindra

    MD & CEO: C.P. Gurnani

    Services: Outsourcing, Consulting, Managed services

    APPOINTMENTS AND RESIGNATIONS:

    TikTok parent hires former Google executive Sameer Singh as VP.

    • TikTok owner ByteDance has appointed media agency GroupM's South Asia CEO Sameer Singh in the role of VP, monetisation, for India. The IIM Calcutta alumnus, who has earlier worked as Director Agencies Business at Google India will join new role in August. In his new role, Sameer will lead the advertising, sales and marketing strategies across ByteDance’s products in India.

    About TikTok:

    • TikTok, also known as Douyin in China, is an iOS and Android media app for creating and sharing short videos. The application allows users to create short music videos of 3 to 15 seconds and short looping videos of 3 to 60 seconds.

    • Initial release date: September 2016

    • Stable release: 11.2.3 / 12 May 2019

    • Developed by: ByteDance

    • Size: 308.3 MB (iOS); 80.19 MB (Android)

    • Operating system: iOS, Android

    • Available in: 33 languages

    Bimal Dayal to lead merged entity of Indus Towers, Bharti Infratel.

    • Bharti Airtel and Vodafone Group have announced Bimal Dayal, who is currently CEO of Indus Towers, will be appointed CEO of the merged entity of Indus Towers and Bharti Infratel. Dayal, who joined Indus Towers as its Chief Operating Officer in 2010, previously worked with Ericsson. The tower companies further named Indus CFO Hemant Ruia as the combined entity's CFO.

    • About Merged entity of indus Towers,Bharti Infratel.

    • The merged company will be listed on the stock exchanges as Bharti Infratel is a publicly traded company. ... Bharti Infratel and Vodafone Group own 42% each inIndus Towers, while Vodafone Idea, the merged entity of Idea Cellular and Vodafone India, holds 11.15%.

    DAYS:

    World Biodiversity Day is observed on 22 May.

    • The International Day for Biological Diversity (or World Biodiversity Day) is a United Nations-sanctioned international day to increase understanding and awareness of biodiversity issues. The day is observed on May 22 every year. The theme for 2019 is 2019 - Our Biodiversity, Our Food, Our Health.

    Biological Diversity falls within the scope of the UN Post-2015 Development Agenda's Sustainable Development Goals. Agrobiodiversity and its potential to support human nutrition and good health is a critical component of the global sustainability agenda. The critical role of biodiversity in sustainable development was recognized in a Rio+20 outcome document, The World We Want: A Future for All.

    Theme 2019: Our Biodiversity, Our Food, Our Health:

    • This year’s International Day for Biological Diversity focuses on biodiversity as the foundation for our food and health and as a key catalyst to transforming food systems and improving human well-being.

    • The theme aims to leverage knowledge and spread awareness of the dependency of our food systems, nutrition, and health on biodiversity and healthy ecosystems. The theme also celebrates the diversity provided by our natural systems for human existence and well-being on Earth, while contributing to other Sustainable Development Goals, including climate change mitigation and adaptation, ecosystems restoration, cleaner water, and zero hunger, among others.

    • To conserve and sustainably use biodiversity for the well-being, every individual need to:

    • Reduce meat consumption

    • Eat and purchase seasonal foods

    • Buy local foods

    • Reduce food waste

    • Compost food scraps

    • Reduce food packaging by using reusable bags or reusing glass jars or containers

    • Avoid single-use plastics like plastic straws, coffee cups, plastic cutlery, take out containers or plastic water bottles

    • Promote local and indigenous biodiversity for food and nutrition

    AWARDS:

    Oman author Jokha Al Harthi wins Booker International Prize.

    • Oman Author Jokha Al Harthi won the prestigious Man Booker International Prize for "Celestial Bodies", the story of three sisters of a desert country confronting its slave-owning past and a complex modern world.

    • Jokha Alharthi, the first Arabic-language writer to take the prize, will split the 50,000 pounds or 64,000 US dollar purse with her UK-based translator, Marilyn Booth.

    About Man Booker International Prize

    Country: United Kingdom

    Awarded for: Best book in English translation

    Presented: by Man Group

    Reward(s):£50,000

    First awarded: 2005.

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    Important Current Affairs of 16th May

    NATIONAL:

    India's Chandrayaan-2 to carry NASA payload too in July: ISRO

    • India's second Moon mission, Chandrayaan-2, that's planned for a July launch will have 13 payloads and one passive experiment from American space agency NASA, ISRO said on Wednesday. The spacecraft with a 3.8-tonne mass has three modules- orbiter, lander, and rover. Eight of the 13 Indian payloads will be on orbiter, three will be on lander and two on rover.

    About Chandrayaan-2:

    • Chandrayaan-2 is India's second lunar exploration mission after Chandrayaan-1.

    • Developed by the Indian Space Research Organisation, the mission is planned to be launched to the Moon by a Geosynchronous Satellite Launch Vehicle Mark III.

    • It includes a lunar orbiter, lander and rover, all developed indigenously.

    Hyundai partners with ALD Automotive for car leasing service.

    • Hyundai Motor India Ltd (HMIL) has collaborated with ALD Automotive India, a globally renowned automotive leasing and fleet management company, as part of its in its smart mobility solutions initiative.

    • The flexible leasing solutions will provide an attractive alternative to owning a car to salaried individuals, working professionals, small and medium enterprises, corporates and public sector.

    • Hyundai Leasing will be available across Delhi NCR, Mumbai, Chennai, Hyderabad and Bangalore in the first phase.

    • The lease will be made available across the entire Hyundai product line-up at an attractive monthly lease rental. The benefits of leasing to the customers include no upfront cost, no financial risk, efficient tax management, easy up-gradation and no maintenance and insurance hassles

    About Hyundai:

    • The Hyundai Motor Company, commonly known as Hyundai Motors, is a South Korean multinational automotive manufacturer headquartered in Seoul.

    • Parent organization: Hyundai Motor Group

    • Headquarters: Seoul, South Korea

    • Subsidiaries: Kia Motors, Hyundai Card Co.,Ltd., Beijing Hyundai, etc.

    About ADL Automotive:

    • ALD Automotive is a French fleet managing and operational car leasing company and a fully owned subsidiary of Société Générale. The company is active internationally and manages around 1.5 million vehicles.

    • Headquarters: Rueil-Malmaison, France

    • Number of employees: 6,500 (2017)

    • Parent organization: Société Générale

    • Subsidiaries: Merrion Fleet Management Limited,etc.

    INTERNATIONAL:

    Alabama Senate passes bill to ban abortion.

    • The Alabama Senate has passed the most restrictive abortion Bill in the U.S., which places a near-total ban on the termination of pregnancy (abortion), even in cases of rape and incest, and could punish doctors who perform the procedure with life in prison. •The text passed by the Republican-led Senate has been sent to Governor Kay Ivey’s desk for signature into law and, if approved, is expected to trigger a legal battle.

    Under the Bill:

    • Performing an abortion is a crime that could land doctors who perform it in prison for 10 to 99 years

    • Abortions would only be legal if the life of the mother is in danger or the foetus has a fatal condition

    • ACLU, the largest human rights defence organisation in the United States, promised to file a lawsuit to block its implementation. The Republican-led Senate approved the measure by 25 votes to six.

    • The National Organization for Women called the bill unconstitutional and said its passage would send women in the state back to the dark days of policymakers having control over their bodies, health, and lives.

    AGREEMENTS AND MOU’s:

    India signed the Christchurch Call to Action in Paris.

    • India signed the Christchurch Call to Action in Paris. The agreement came in the backdrop of the attacks on Christchurch in March and is aimed at stopping the abuse of the Internet by extremists.

    The meeting held in Paris was attended by representatives of online giants like Microsoft, Google, Twitter, Facebook, and Amazon. India was represented by Ajay Prakash Sawhney, Secretary, Ministry of Electronics and Information Technology.

    Document highlights:

    • Counter the drivers of terrorism and violent extremism by strengthening the resilience and inclusiveness of societies to enable them to resist terrorist and violent extremist ideologies, including through education, building media literacy to help counter distorted terrorist and violent extremist narratives, and the fight against inequality.

    • Ensure effective enforcement of applicable laws that prohibit the production or dissemination of terrorist and violent extremistcontent, in a manner consistent with the rule of law and international human rights law, including freedom of expression.

    • Encourage media outlets to apply ethical standards when depicting terrorist events online, to avoid amplifying terrorist and violent extremist content.

    BANKS AND ECONOMICS:

    RBI plans to achieve a highly digital and cash lite society.

    • Reserve Bank of India on May 15 released a vision document, 'Payment and Settlement Systems in India: Vision 2019 - 2021', with its core theme of Empowering Exceptional (E) payment Experience that aims to achieve a highly digital and cash-lite society.

    • RBI targets to:

    • Increase digital payment transaction of GDP by 15%

    • Increase payment system operators

    • fourfold increase in digital transactions

    • increase debit card transactions by 35%

    • increase total card acceptance infrastructure to six times

    • Reduce currency in circulation with no specific target

    • Reduce the volume of cheque-based payments to less than 2%

    • Reduce pricing of electronic payment services by at least 100 basis points

    • Improve the security of digital payment systems

    • Facilitate mobile-based payment transactions

    • To achieve these objectives, the RBI outlined specific actions to take over the next two years. Some of these include:

    • Set up self-regulatory bodies for payment system operators, develop feature phone-based payment services to complement smartphone-based services and develop offline payment solutions and USSD-based payment solutions

    • Improve interoperability and build capability to process transactions of one system in another and explore the adoption of newer technologies, including distributed ledger technology for enhancement of digital payment services.

    • Encourage standing instructions for payment transactions and Push contact-less payments and tokenization.  It plans to improve the use of bill discounting systems or TReDs and increase coverage of the cheque truncation system.

    • Current RBI's Policy rates and Reserve ratios:

    Bank Rate: 6.25%

    Repo Rate: 6.00%

    Reverse Repo Rate: 5.75%

    Cash Reserve Ratio: 4%

    Statutory Liquidity Ratio: 19.00%

    HDFC collaborated with IMGC for a mortgage guarantee-backed home loan.

    • HDFC Bank collaborated with IMGC (India Mortgage Guarantee Corporation) for a mortgage guarantee-backed home loan.

    • Mortgage guarantee is a financial product which compensates lending institutions for the losses that may occur when a home owner defaults on a mortgage loan.

    In ‘mortgage guarantee’, the risk of the home loan gets transmuted from the bank/FIs (financial institution) to the mortgage guarantee company.

    • This collaboration will help HDFC provide more loan to a home loan customer on an improved eligibility.

    The main objective of the collaboration is to address middle age-salaried customers, self employed customers and young salaried customers.

    About HDFC Bank

    Industry -Banking, financial services

    Founded - August 1994

    Headquarters - Mumbai, Maharashtra, India

    About India Mortgage Guarantee Corporation:

    • India’s first Mortgage Guarantee Company, India Mortgage Guarantee Corporation (IMGC) is a joint venture that combines the developmental mandate of National Housing Bank (NHB), the technical expertise of Genworth Financial, and the resources of International Finance Corporation (IFC) & Asian Development Bank (ADB).

    • IMGC has come into being with a vision to make early home ownership a real possibility through the provision of Mortgage Guarantee.

    APPOINTMENTS AND RESIGNATIONS:

    Himalaya Men announces Kohli & Pant as brand ambassadors.

    • Himalaya Men announced Virat Kohli, captain of the Indian cricket team, and Rishabh Pant, "ICC Emerging Player of the Year 2018", as the official brand ambassadors for Himalaya Men Face-Wash range. Commenting on the association,

    About Himalaya :

    • The Himalaya Drug Company is an Indian company established by M Manal in 1930 and based in Bangalore, India. I

    • t produces health care products under the name Himalaya Herbal Healthcare whose products include ayurvedic ingredients.

    IPS officer Deven Bharti to head Maharashtra Anti-Terrorism Squad.

    • The Maharashtra government on Wednesday appointed senior IPS officer Deven Bharti as the chief of the state's Anti-Terrorism Squad (ATS). Bharti, a 1994-batch IPS officer, has investigated several high-profile cases including the 26/11 Mumbai terror attacks and the murder of senior crime journalist J Dey. He is also known for his crackdown on terror outfit Indian Mujahideen.

    About Anti-Terrorism squad:

    • Anti-Terrorism Squad. The Anti-Terrorism Squad(ATS) is a special police force in several states of India including Maharashtra, Gujarat, Kerala, Uttar Pradesh, Rajasthan and Bihar.

    • In Maharashtra it is headed by senior of the Indian Police Service. The squad has stopped several terrorist attacks in the country.

    OBITUARIES:

    Former Australian Prime Minister Bob Hawke dies aged 89.

    • Former Australian Prime Minister Bob Hawke passed away on Thursday at the age of 89, his wife Blanche d'Alpuget said in a statement. Hawke, who served as Australia's Prime Minister from 1983 to 1991, was the country's third longest-serving leader after Robert Menzies and John Howard. Hawke is survived by his wife and his four children.

    About Bob Hawke:

    • Robert James Lee Hawke, AC, GCL was an Australian politician who was the 23rd Prime Minister of Australia and the Leader of the Labor Party from 1983 to 1991.

    • He was the longest-serving Labor Party Prime Minister. Hawke was born in South Australia but moved to Western Australia as a child.

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    Important Current Affairs of 15th May

    NATIONAL:

    India to co-chair 2020 CG of Global Facility for Disaster Reduction and Recovery.

    • India was unanimously chosen by member countries as next co-chair of Consultative Group (CG) of Global Facility for Disaster Reduction and Recovery (GFDRR) for the fiscal year 2020. This decision was taken during Consultative Group meeting of GFDRR 2019 held from 13 May- 17 May in Geneva, Switzerland. This is the first time that India has been given the opportunity of co-chairing CG meeting of GFDRR.

    • The Consultative Group meeting held in Geneva was the 6th Session of GPDRR 2019. The CG Meeting 2019 was co-chaired by the European Union (EU), Africa Caribbean and Pacific (ACP) Group of States, and World Bank.

    GFDRR in cooperation with the UN Office for Disaster Risk Reduction (UNDRR) and EU also organized the 4th edition of World Reconstruction Conference (WRC) on May 13-14, 2019 in Geneva.

    • The participants included experts, policymakers, leaders, and practitioners from various government, international organizations, academia, private sector and NGOs from both developing and developed countries.

    • India and GFDRR:

    In 2015, India became a member of Consultative Group (CG) of GFDRR. At the 5th session of GFDRR held in October 2018, Indiaexpressed its interest to co-chair the meet.

    • India's candidature was backed by member countries because of India's consistent progress in disaster risk reduction (DRR) and also various initiatives it has undertaken to form a coalition on disaster resilient infrastructure.

    Paytm Partners With Citibank To Launch 1st Credit Card- Paytm First Card.

    • Digital payments company Paytm, in association with Citibank, launched its first credit card called Paytm First Card.

    Paytm First Card comes with unlimited cash back and will be accepted in India as well globally.

    The card is issued by Citibank and doesn’t involve any hidden fees or charges.

    India had world's highest child mortality rate in 2015: Lancet study

    • India had more deaths among children under five than any other country in 2015, with large disparities in the child mortality rate between richer and poorer states, a Lancet study has found. The researchers at the Johns Hopkins Bloomberg School of Public Health in the US analysed state-level Indian data on the causes of death among children under five for the years 2000-2015. They found that India made great progress during the period, reducing annual mortality among children under five from 2.5 million in 2000 to 1.2 million in 2015 - which was still the highest in the world.

    BANKS AND APPOINTMENTS:

    Yes Bank falls 9% after RBI appoints director in rare move.

    • Shares of Yes Bank plunged up to 9% on Wednesday, falling to its lowest since November 2018. This came following the Reserve Bank of India's (RBI) appointment of former Deputy Governor R Gandhi as an additional director on the private lender's board in a rare move. The appointment comes days after Yes Bank reported a fourth-quarter loss of ₹1,507 crore.

    APPOINTMENTS AND RESIGNATIONS:

    RBI appointed R.Gandhi as Additional director of Yes Bank.

    • The Reserve Bank of India has appointed its former Deputy Governor R. Gandhi as an additional director on the board of private sector lender Yes Bank with immediate effect. The appointment is for two years, that is till May 13, 2021.

    R. Gandhi’s appointment comes against the backdrop of Yes Bank reported a loss of ₹1,507 cr for March quarter. This appointment will significantly strengthen Yes Bank's Board Composition and the Bank will immensely benefit from R. Gandhi's experience and wisdom at the Yes Bank.

    • Mr.R.Gandhi:

    Gandhi was RBI Deputy Governor during April 2014 and April 2017. Gandhi was the driving force for the design and implementation of  real-time gross settlement system or RTGS.

    • About Yes Bank:

    Founded on: 2004

    Founder: Rana Kapoor, Ashok Kapur

    Headquarters: Mumbai, Maharashtra

    Chairman: Brahm Dutt

    MD & CEO: Rana Kapoor

    Yes Bank is India's 4th largest private sector Bank.

    AIFF Appoints Igor Stimac As Indian Football Team Coach.

    • The Indian football team has been without a coach since the departure of Stephen Constantine in January.

    • Croatia's Igor Stimac has been appointed the head coach of the Indian football team for a two-year term, the All India Football Federation announced on Wednesday.

    • The official announcement was made on the Indian Football Team.

    • Igor stimac:

    • he was part the of the Croatia team that finished third in the 1998 World Cup, and a member of the national squad which qualified for the quarterfinals of the UEFA European Championship 1996 (Euro) in England.

    • Besides, he was also a part of the Yugoslavia U-19 national team which won the FIFA U-20 World Cup in 1987. 

    • Stimac's major achievement was guiding Croatia to qualify for the 2014 FIFA World Cup in Brazil. During his tenure as the national coach of Croatia, he handed debuts to the likes of Mateo Kovacic, Ante Rebic, Alen Halilovic, and Ivan Perisic, amongst others.

    • His last assignment was with Al-Shahania Club in Qatar.

    All India Football Federation:

    • The All India Football Federation, also simply known as the AIFF

    • is the governing body of association football in India.

    • Formed in 1937, the federation was one of founding members of the Asian Football Confederation, the overseer of football in Asia.

    Maj Gen Dhingra appointed 1st chief of Armed Forces Special Ops.

    • Sri Lanka Civil War veteran Major General AK Dhingra has been appointed as the first Chief of the Armed Forces Special Operations Division. The formation will have Special Forces commandos from the Army's Parachute Regiment, Navy's MARCOS and Air Force's Garud Commando Force. The forces will be trained together and will be tasked in dealing with specific operations.

    ARMED FORCES SPECIAL OPS DIVISION:

    •  The Armed Forces Special Operations Division has been set up by the government to undertake joint operations by three services and will have elements from the Army's Parachute Regiments SF, Marine Commandos (MARCOS) of the Navy and the Garud Commandos of the Indian Air Force

    Myntra-Jabong hires former YouTube exec as marketing head.

    • E-commerce major Flipkart-owned fashion e-tailer Myntra-Jabong has appointed former YouTube executive Harish Narayanan as head of marketing. Narayanan will be taking over from Mithun Sundar, who currently heads revenue and marketing, and will report directly to Myntra-Jabong head Amar Nagaram. The IIM Lucknow alumnus headed B2B marketing for YouTube Asia-Pacific for over 2.5 years

    DAYS:

    International Day of Families is observed on 15 May.

    • The International Day of Families (IDF) is observed on the 15th of May every year. The Day was proclaimed by the UN General Assembly in 1993. The day reflects the importance the international community attaches to families. It was first observed in 1996.

    The International Day provides an opportunity to promote awareness of issues relating to families and to increase knowledge of the social, economic and demographic processes affecting families. On this day, people across the world celebrate spending time with their families and reuniting with family members.

    The theme for IDF 2019 is Families and Climate Action: Focus on SDG 13.

    The SDG 13 targets include:

    • Improve education, awareness-raising and human and institutional capacity on climate change mitigation, adaptation, impact reduction, and early warning

    • Integrate climate change measures into national policies, strategies, and planning.

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    Important Current Affairs 14th May 2019

    NATIONAL:

    NABARD launched Nab Ventures- its maiden fund to give support to agriculture, food, rural startups.

    • NABARD (The National Bank for Agriculture and Rural Development), Nab Ventures notified its first time funding termed ‘NAB VENTURES Fund I‘ which is a Rs 700-crore venture capital fund for equity investments to provide support for agriculture, food and rural startups (which would help improve rural livelihoods)

    The fund has a proposed corpus of Rs 500 crore has a greenshoe option of Rs 200 crore and has received an anchor commitment from NABARD.

    The a forementioned fund is registered with SEBI as a Category II Alternative Investment Fund and would raise the resources from domestic and global investors.

    India's GS Lakshmi becomes first ever female ICC match referee.

    • India's GS Lakshmi has become the first ever woman to be appointed to the ICC International Panel of Match Referees and will be eligible to referee international games with immediate effect. The 50-year-old first officiated as a match referee in domestic women's cricket in 2008/09. Lakshmi has overseen three women's ODI matches and three women's T20I matches.

    NABARD subsidiary announces 700 cr fund for rural startups.

    • Nabventures, a subsidiary of National Bank for Agriculture and Rural Development (NABARD) has announced a 700-crore venture capital fund for investments in agriculture, food and rural-focused startups. The fund has a proposed corpus of 500 crore with an option to retain over-subscriptions of 200 crore. Till now, NABARD has contributed 273 crore to 16 alternate investment funds.

    INTERNATIONAL:

    GTA publisher Rockstar Games buys KBC game maker Dhruva.

    • Grand Theft Auto publisher Rockstar Games has acquired Swedish developer Starbreeze AB's 91.82% stake in Bengaluru-headquartered video game studio Dhruva Interactive for over ₹55 crore. Founded in 1997 by Rajesh Rao, Dhruva Interactive is claimed to be India's first-ever game development studio. It is best known for its games Kaun Banega Crorepati, N64 Mission: Impossible and Forza Horizon.

    AGREEMENTS AND MOUS:

    Iran's Foreign Minister meets Swaraj in India amid US sanctions.

    • Iran's Foreign Minister Javad Zarif met his Indian counterpart Sushma Swaraj in Delhi on Tuesday during his two-day visit to the country. His visit comes amid increased tensions with the US in the wake of renewed sanctions. India has reportedly stopped imports of Iranian oil after the US withdrew waivers granted to nations on the imports.

    BANKS AND ECONOMICS:

    HDFC ERGO General Insurance Company launched Mosquito Disease Protection Policy which will cover people against common mosquito-borne diseases.

    • India’s 3rd-largest non-life insurance provider in the private sector, HDFC ERGO General Insurance Company launched a scheme termed ‘Mosquito Disease Protection Policy’ which will cover a person against common mosquito-borne diseases, namely, Dengue Fever, Malaria, Chikungunya, Japanese Encephalitis, Kala-azar, Lymphatic Filariasis and Zika Virus.

    • These mosquito-borne diseases lead to financial burden due to hospitalization or affect the No Claim Bonus of any conventional Health Insurance.

    • The policy by HDFC ERGO will cover hospitalization expenses. The policyholder may opt for a huge amount to be paid as a policy benefit on offering the proof of hospitalization.

    The policy will also pay the beneficiary the sum insured if in case of the policyholder dies due to the disease.

    • This policy also provides international cover to people and also covers all the vector-borne diseases listed in the policy document.

    • The policy cover will be available for people between the age of 91 days to 65 years.Along with these benefits, the policyholders will have access to different wellness

    • services, namely, discounts and specialized programs like health tips, diet consultation and other programs offered on the health mobile application of HDFC (Housing Development Finance Corporation Ltd.) ERGO.

    Allahabad Bank reduced 0.05% points in benchmark lending rate.

    • State-owned Allahabad Bank announced a reduction in benchmark lending rate by 0.05 percentage points across various tenors. The marginal cost of funds-based lending rate (MCLR) for a one-year loan has been reduced to 8.60% from 8.65%effective May 14.

    Most of the loans including housing loans are benchmarked against MCLR for one year.

    Revised MCLR:

    • 1 month:  8.20%

    • 3 months: 8.40%

    • 6 months: 8.45%

    Wholesale inflation eases to 3.07% in April.

    • India's inflation measured by the Wholesale Price Index (WPI) eased to 3.07% in April from 3.18% in the previous month, driven by a fall in prices of fuel and manufactured items. However, inflation in food articles stood at 7.37%, up from 5.68% in March. This comes after India's retail inflation in April rose to a 6-month high of 2.92%.

    APPOINTMENTS AND RESIGNATIONS:

    LIC Mutual Fund appointed Dinesh Pangtey as CEO.

    • LIC Mutual Fund appointed Dinesh Pangtey as the company's Chief Executive Officer (CEO).

    • He joined LIC as a direct recruit officer in 1984

    He was Director and CEO at LIC Group's private equity division LIC HFL AMC. He also served as Regional Manager Marketing channel in Western Zone spanning the states of Maharashtra, Gujarat and Goa.

    • He has more than 35 years of experience across private equity, life pension, group annuation scheme and insurance sector.

    Jet Airways CEO Vinay Dube resigns with immediate effect.

    • Jet Airways CEO Vinay Dube has resigned from the grounded airline with immediate effect due to "personal reasons". The development comes just a day after Deputy CEO and Chief Financial Officer of the company Amit Agarwal resigned, also citing personal reasons. Jet Airways, which suspended its operations indefinitely, has only received a bid from Etihad Airways for a minority stake.

    Jet Airways CFO Amit Agarwal resigns due to personal reasons.

    • Debt-ridden carrier Jet Airways' Chief Financial Officer (CFO) and Deputy Chief Executive Officer Amit Agarwal has resigned from his positions at the airline, the company said in a statement on Tuesday. "[He] has resigned from services of the company due to personal reasons, with effect from May 13," the airline said. Agarwal had joined the airline in December 2015.

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    Important Current Affairs of 13th May

    National 

    Short film 'Kamali' on 9-yr-old TN skateboarder qualifies for Oscars.

    • 'Kamali', a short film on Tamil Nadu's nine-year-old skateboarder girl Kamali Moorthy, has qualified for the 2020 Academy Awards shortlist.

    • The 24-minute film directed by filmmaker Sasha Rainbow from New Zealand won the Best Documentary Short at Atlanta Film Festival in April.

    •  Born in a fishermen colony, Kamali has toured across India with professional skateboarding teams to promote the sport.

    Reliance Industries moves registered offices of five subsidiaries to Gujarat.

    • Reliance Industries (RIL) has moved registered offices of five of its subsidiaries — four telecom and one investment arm — to Ahmedabad, Gujarat, over the last one year.

    • The telecom subsidiaries include — Reliance Jio Messaging Services Ltd, Reliance Jio Infratel Private Ltd, Reliance Jio Infocomm Ltd, and Reliance Jio Digital Services Ltd. The registered office of the investment arm Reliance Industrial Investments and Holdings Ltd (RIIHL), which serves as a vehicle to invest in various business ventures of RIL, has also been moved to Gujarat. Prior to the shift, all these companies had their registered offices in Mumbai.

    China may route its commercial presence in India through Bay of Bengal.

    • India’s outreach to the East and an escalating trade war between China and the United States is helping to turn the Bay of Bengal coastline into a new and attractive growth engine.

    • In the backdrop of Shanghai, Guangzhou and Shenzhen — coastal cities which propelled China’s rise as the workshop-of-the world — India too appears to be stepping up its game of coast based manufacturing, focusing intensely on its eastern shores.

    INTERNATIONAL:

    Chinese navy launches two new guided missile destroyers.

    •  China, which is developing its navy at a feverish pace, has commissioned two more guided missile destroyers taking the total of such warships to 20 with more in the pipeline, state-media reported on Monday.

    • Two Type 052D guided missile destroyers were launched last Friday in Dalian, a coastal city, state-run Global Times reported.

    • Their commissioning marked the 19th and 20th of launches of their kind, the report said and quoted Chinese analysts as saying that plans are afoot to build more guided missile destroyers.

    APPOINTMENTS AND RESIGNATIONS:

    Sanjiv Puri becomes CMD of ITC.

    • ITC Managing Director Sanjiv Puri has been appointed as the chairman by the Board of Directors. His new designation will now be chairman and managing director, the company said in a stock exchange filing.

    • Company chairman Yogesh Chander Deveshwar passed away on May 11.

    • Mr. Puri (56) has been the Managing Director since 2018. He was appointed on the board in December 2015 and as the CEO in February 2017.

    SPORTS:

    Mane, Salah, Aubameyang share PL Golden Boot award.

    • Liverpool's Sadio Mane, Mohamed Salah and Arsenal's Pierre-Emerick Aubameyang shared the Premier League Golden Boot award after they all ended up with 22 goals.

    • The 22-goal winning mark was the lowest since the 2010-11 season when Manchester United's Dimitar Berbatov and Manchester City's Carlos Tevez shared the Golden Boot with 20 goals apiece.

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    Important Current Affairs 12th May 2019

    INTERNATIONAL:

    Hinduja brothers named UK's wealthiest people for third time.

    • The Hinduja brothers have been named the UK's wealthiest people for the third time, according to Sunday Times Rich List. Sri and Gopi Hinduja saw their wealth increase by £1.35 billion from last year to £22 billion (around ₹2 lakh crore). The Hinduja Group was founded in Mumbai in 1914 and operates in fields including oil, banking, IT and property.

    Elon Musk's brain tech startup Neuralink raises $39 million.

    • Neuralink, an American neurotechnology startup co-founded by Elon Musk, has raised $39 million of a planned $51 million funding round, Bloomberg said quoting a filing with the SEC. As per its LinkedIn, Neuralink is developing ultra-high bandwidth brain-machine interfaces to connect humans and computers. Notably, billionaire Elon Musk is the CEO of Tesla and SpaceX.

    AGREEMENTS AND MOUS:

    India to sign pact with Mongolia to built its first petrochemical refinery.

    • India and Mongolia are expected to sign an agreement this week for the construction of Mongolia’s first petrochemical refinery that is expected to cut some of its dependence on Russian fuel. When signed, the project will be the largest being undertaken by the government of India under its Lines of Credit programme, two people familiar with the matter said on Sunday.

    • The petrochemical refinery -- near Sainshand in southern Dornogovi province -- is to be built at an approximate cost of $1.25 billion utilising the $1 billion line of credit announced during Prime Minister Narendra Modi’s visit to Ulan Bator in 2015. It is expected to be completed by 2022.

    BANKS AND ECONOMICS:

    RBI proposes app to help visually challenged identify notes.

    • The RBI has proposed to introduce a mobile application to help visually challenged citizens identify Indian currency notes, and has invited bids from technology firms for the same. The application should be searchable via voice option in all app stores, it said. Currently, intaglio printing-based identification marks on banknotes of ₹100 and above help the visually challenged recognise currency.

    APPOINTMENTS AND RESIGNATIONS:

    Emirates Chief Commercial Officer resigns after profit falls.

    • Emirates Chief Commercial Officer Thierry Antinori has resigned, a company spokesperson said on Sunday, days after the Gulf airline announced its weakest profit in a decade. Emirates posted a 69% fall in 2018-19 profit amid rising fuel costs and slow passenger growth. Antinori, who joined Emirates in 2011, was responsible for commercial operations, the frequent flyer program and cargo division.

    DAYS:

    International Nurses Day is celebrated on 12 May.

    • International Nurses Day (IND) is an international day observed around the world on 12 May of each year, to mark the contributions that nurses make to society. It was first observed in 1965.

    • ICN commemorates this important day each year with the production and distribution of the International Nurses' Day (IND) resources and evidence. The theme for the year 2019 is "Nurses: A voice to lead - Health for All".

    SPORTS:

    Man City win their 4th PL title as title race goes till last day.

    • Manchester City clinched their fourth Premier League title after winning the 2018/2019 season on the last day of the league that started on August 11, 2018. Manchester City registered a 4-1 victory against Brighton to accumulate 98 points in 38 matches with 32 victories, while Liverpool, who were also in the title race till today, finished second with 97 points.

    Lewis Hamilton wins Spanish Grand Prix, Bottas finishes second.

    • Mercedes' British driver Lewis Hamilton clinched the title at the Spanish Grand Prix, also winning the extra point for the fastest lap at the race on Sunday. The race saw Mercedes' Valtteri Bottas finish second in the race, with Red Bull's Max Verstappen finishing in the third spot. This was the fifth straight 1-2 finish for Mercedes.

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    Important Current Affairs of 11th May

    NATIONAL:

    The man with all the toys: Why Mukesh Ambani bought Hamleys.

    • India's richest man has sealed another deal in his battle with Amazon and Walmart for India's online retail market, which a Morgan Stanley estimate sees at $200 billion by 2028.

    • On Thursday, Reliance agreed to purchase the 259-year-old British toy store chain Hamleys from C.Banner International Holdings for $88.5 million in cash in a transaction that will “catapult Reliance Brands to be a dominant player in the global toy retail industry,” said a statement.

    • The 62-year-old businessman is quietly piecing together a network of partners through stake purchases or outright acquisitions in his push for consumer business, which Ambani says will contribute nearly as much as to the conglomerate’s total earnings as its core energy business by the end of 2028.

    Ex-Flipkart execs' unicorn Udaan gets ₹139 crore from parent.

    • Bengaluru-based B2B online marketplace Udaan has raised over ₹139 crore from Singapore-based parent firm Trustroot Internet. The parent entity has invested over ₹400 crore in Udaan in past five months. Founded in 2016 by former Flipkart executives Sujeet Kumar, Vaibhav Gupta and Amod Malviya, Udaan had achieved the 'unicorn' tag with a billion-dollar valuation within just 26 months of launch.

    INTERNATIONAL:

    Uber falls below $70bn value on 1st trading day, CEO blames trade war.

    • Uber ended its first day of trading with a market cap of $69.7 billion, below its last private valuation of $76 billion. CEO Dara Khosrowshahi said US-China trade tensions played a role in the stock's weak performance, adding, "You can't pick when you go public". Uber priced its IPO at $45 per share, valuing the company at $75.5 billion.

    Japan tests world's fastest bullet train capable of 400 kmph speed.

    • Japan has started testing world's fastest bullet train, the 'ALFA-X' version of the Shinkansen train, capable of reaching 400 kmph speed. It will be tested twice a week after midnight between Sendai and Aomori, which are around 280 kilometres apart. On entering operation, it will run at up to 360 kmph, outpacing China's Fuxing train, which runs 10 kmph slower.

    BANKS AND ECONOMICS:

    RentoMojo raises ₹77 crore funding co-led by Accel, Chiratae.

    • Bengaluru-based furniture and appliance rental startup RentoMojo has raised ₹77 crore in the first tranche of its Series C funding round, regulatory filings revealed. The funding was co-led by Chiratae Ventures and Accel Partners and also saw participation from existing investor Bain Capital. RentoMojo was founded in 2014 by IIT Madras graduates Geetansh Bamania and Ajay Nain.

    DAYS:

    India celebrates National Technology Day on 11th May.

    • National Technology Day is observed every year on the 11th of May in India. It is a reminder of the anniversary of Shakti. The aim of the celebration is to highlight the achievements of the scientists and engineers of India in the field of science and technology.

    It also helps to encourage students towards science and technology field.

    • Shakti:

    The first nuclear test Pokhran with a codenamed as ‘Smiling Buddha’ was carried out in May 1974. The second test conducted was Pokhran II which was a series of five tests of nuclear bomb explosions, administered by India at the Pokhran Test Range of Indian Army in May, 1998.

    Pokhran II comprised of five detonations out of which the first one was a fusion bomb while the other four were fission bombs. These nuclear tests evolved various sanctions against India by many major states, including the United States and Japan.

    • Why the day is celebrated?

    On 11th of May, 1998, India victoriously test fired the nuclear missile, Shakti-I at the Pokhran Test Range of Indian Army in Rajasthan in an operation administered by late president and aerospace engineer Dr. APJ Abdul Kalam. After two days, the country victoriously tested two additional nuclear weapons.

    Following this, Prime Minister Atal Bihari Vajpayee announced India as a nuclear state, making it sixth country in the world that has joined the nations “nuclear club” and the first country that was not party to the Non-Proliferation of Nuclear Weapons Treaty (NPT). NPT is a global treaty signed by the UK, Russia, China, France, and the US which has the objectives to prevent the increase of nuclear weapons and attain nuclear disarmament.

    AWARDS:

    Actress Anne Hathaway receives star on Hollywood Walk Of Fame.

    • Oscar-winning actress Anne Hathaway on Thursday was honoured with a star on the Hollywood Walk Of Fame in Los Angeles, US. Thanking her fans, she said, "I'm really very moved by every aspect of this." Anne was accompanied by her husband actor-producer Adam Shulman, her mother actress Kate McCauley, as well as her co-stars from her upcoming film 'The Hustle'.

    SPORTS:

    Harbhajan Singh 3rd Indian to claim 150 IPL wickets.

    • Chennai Super Kings spinner Harbhajan Singh became the third Indian cricketer to claim 150 or more wickets in the history of Indian Premier League. Delhi Capitals' Amit Mishra with 157 wickets in 147 matches and Kolkata Knight Riders' Piyush Chawla, with 150 wickets in 157 matches, are the only two other Indians who have reached the mark.

    World no. 3 Halep beats Bencic to reach 4th Madrid Open final.

    • World number three Simona Halep defeated Belinda Bencic to reach her fourth Madrid Open final. Halep won the match with a scoreline of 6-2, 6-7(2-7), 6-0 in one hour and 57 minutes. The final will also be Halep's first of 2019. Bencic had defeated world number one Naomi Osaka in the quarter-finals.

    Roger Federer beats Gael Monfils in Madrid to claim 1,200th win.

    • Roger Federer on Thursday became the second player in Open Era (since April 1968) to record 1,200 match wins. The 20-time Grand Slam champion saved two match points against France's Gaël Monfils before clinching the match after a final-set tiebreak to reach quarterfinals of Madrid Open. Notably, the 37-year-old is playing in his first tournament on clay since May 2016.

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