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    Important Current Affairs of 10th May

    NATIONAL:

    BharatPe launches UPI Bahi Khata for merchants for seamless networking and business expansion.

    • India’s first Fintech (Financial technology) start-up enabling payments via interoperable UPI(Unified Payments Interface) QR (Quick Response) codes, BharatPe notified its venture into merchant services by launching a new app UPI Bahi Khata that allows merchants to keep a track of  their cash/credit (Udhar) sales customer wise, to request the accounts receivable from customers through SMS (Short Message Service) payment links or through WhatsApp and to record accounts that are payable to suppliers.

    • The newly launched app also helps the merchants to network and collaborate with other BharatQR merchants near them to expand their businesses.

    The major features on BharatPe app for merchants are: UPI Khata (Ledger), Managing Supplier Bills, Cashback, Settlements and Refer and Earn.

    Water storage level of 91 major reservoirs of the country goes down by one percent.

    • The water storage available in 91 major reservoirs of the country for the week ending on May 09, 2019 was 38.734 BCM, which is 24% of total storage capacity of these reservoirs. This percentage was at 25 for the week ending on May 02, 2019. The level of water storage in the week ending on May 09, 2019 was 116% of the storage of corresponding period of last year and 105% of storage of average of last ten years.

    • The total storage capacity of these 91 reservoirs is 161.993 BCM which is about 63% of the total storage capacity of 257.812 BCM which is estimated to have been created in the country. 37 Reservoirs out of these 91 have hydropower benefit with installed capacity of more than 60 MW.

    AGREEMENTS AND MOUS:

    WTO Ministerial Meeting of Developing Countries in New Delhi.

    • A WTO Ministerial meeting of developing countries is being hosted by India in New Delhi on 13-14 May 2019.  Sixteen developing countries, Six Least Developed Countries (LDC)(Argentina, Bangladesh, Barbados, Benin, Brazil, Central African Republic (CAR), Chad, China, Egypt, Guatemala, Guyana, Indonesia, Jamaica, Kazakhstan, Malawi, Malaysia, Nigeria, Oman, Saudi Arabia, South Africa, Turkey, Uganda)and DG, WTO are participating in the meeting.

    • Ministers from Bangladesh, CAR and South Africa have confirmed their participation. Vice Ministers, senior officials and ambassadors willbe representing other countries.

    India and China sign protocol for Export of Indian Chilli Meal.

    • Commerce Secretary, Anup Wadhawan and Vice Minister, General Administration of Customs of China (GACC), Li Guo, held a meeting in New Delhi today to discuss trade related issues of pending Indian request for clearance of agricultural products.

    • Both sides appreciated each other’s concerns and agreed to resolve market access issues expeditiously in order to achieve the vision of the leaders of both India and China by promoting a more balanced trade.

    • At the end of the meeting a protocol was signed for export of chilli meal from India to China.

    20th Conference of Regional Heads of Customs Administration (RHCA) of Asia Pacific Region of the World Customs Organisation (WCO) concludes in Kochi.

    • The Central Board of Indirect Taxes and Customs (CBIC) had organised a Conference of the Regional Heads of Customs Administration of Asia Pacific Region of the World Customs Organisation (WCO) in Kochi from 08th to 10th May, 2019. India hosted this Conference in its capacity as Vice-Chair of the Asia Pacific Region of WCO which it assumed on 1st July, 2018 for a two-year period.

    • The Conference took stock of the progress made in carrying forward the programmes and initiatives of WCO to promote, facilitate and secure cross-border trade in the Region and the capacity building and technical assistance required by Member Administrations to achieve these goals.

    WTO Ministerial Meeting of Developing Countries in New Delhi.

    • A WTO Ministerial meeting of developing countries is being hosted by India in New Delhi on 13-14 May 2019.  Sixteen developing countries, Six Least Developed Countries (LDC)(Argentina, Bangladesh, Barbados, Benin, Brazil, Central African Republic (CAR), Chad, China, Egypt, Guatemala, Guyana, Indonesia, Jamaica, Kazakhstan, Malawi, Malaysia, Nigeria, Oman, Saudi Arabia, South Africa, Turkey, Uganda)and DG, WTO are participating in the meeting.

    • Ministers from Bangladesh, CAR and South Africa have confirmed their participation. Vice Ministers, senior officials and ambassadors willbe representing other countries.

    BANKS AND ECONOMICS:

    Flipkart gives тВ╣700cr ESOPs to senior, mid-level staff: Report.

    • Bengaluru-based e-commerce platform Flipkart has reportedly issued around $100 million (тВ╣700 crore) worth of Employee Stock Ownership Plan (ESOP) to its senior and middle-level staff. Employees have been allotted these new shares at a price of $125-$130 per unit, the report claimed. The Walmart-owned company is also considering an Initial Public Offering (IPO) for 2021, the report further added.

    Uber raises $8.1 billion in IPO, valued at $82 billion.

    • Ride-hailing giant Uber priced its IPO shares at $45 apiece to raise $8.1 billion at a valuation of over $82 billion. Shares were priced close to the bottom of its targeted $44-50 range. Uber, which was earlier said to be seeking a valuation of $120 billion, has reportedly taken a conservative stance over its rival Lyft's post-IPO share falls.

    APPOINTMENTS AND RESIGNATIONS:

    Change of Command at Air Force Station Faridabad.

    • Group Captain Chandra Shekhar Bhatt took over the command of Air Force Station Faridabad from Group Captain Kaushik Das. The change of command took place in a Ceremonial parade at Station Parade ground.

    • Group Captain Bhatt was commissioned in the Logistics branch of IAF in 1990. During his career, the officer has held various appointments in Operational bases and Depots. For his distinguished service, the officer has been commended by Air Officer Commanding-in-Chief (AOC-in-C) and Chief of the Air Staff (CAS).

    Ajoy Mehta appointed as Chief Secretary of Maharashtra.

    • Brihanmumbai Municipal Corporation (BMC) commissioner Ajoy Mehta has been appointed as the new Chief Secretary of Maharashtra. He will succeed UPS Madan who has been named as the special advisor to Maharashtra Chief Minister Devendra Fadnavis. A 1984-batch IAS officer, Mehta holds.

    Tags: current affairs, Resignation, national new, international news, Sports and Awards, signed MoU, Appointments
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    Important Current Affairs of 9th May

    NATIONAL:

    IIT Bombay researchers developed first indigenous microprocessor AJIT.

    • Engineers from the Indian Institute of Technology Bombay (IIT Bombay) have developed a microprocessor called AJIT which could reduce the country’s dependence on imports. It is the first to be conceptualised, designed, developed and manufactured in India.

    • The project was funded by the Ministry of Electronics and Information Technology (MeitY) and IIT Bombay. Powai Labs, a Mumbai-based company, has invested in the venture. It will own, market and support the product.

    India’s electronics market is expected to reach $400 billion by 2020. Most of the electronic devices that are used are imported and only a quarter of the devices are produced in the country.

    Noida-based edtech startup Classplus raises 11 crore.

    • Noida-based edtech startup Classplus has raised around Rs.11 crore in pre-Series A funding led by Times Internet and GREE Ventures.

    • Japanese VC firm Spiral Ventures and existing investor, Netherlands-based Rising Stars Fund also participated in the funding round.

    • Classplus, launched as XPrep in 2015, was founded by Mukul Rustagi, Bhaswat Agarwal, Bikash Dash and Vatsal Rustagi.

    AGREEMENTS AND MOU’s:

    India takes part in naval drill in S China Sea claimed by China.

    • India, Japan, the US and the Philippines held naval drills in the South China Sea, nearly 90% of which is claimed by China.

    • India deployed a destroyer, the INS Kolkata, and a tanker, the INS Shakti, in the nearly week-long multilateral drill, the US Navy said. Southeast Asian nations including Vietnam and Malaysia also lay claims over the sea.

    BANKS AND ECONOMICS:

    Reliance Industries loses 96,000 crore market value in four days.

    • Shares of Mukesh Ambani-led Reliance Industries have fallen nearly 11% in the last four sessions, erasing about 96,000 crore in market value.

    • With this fall in Reliance shares, Tata Consultancy Services has overtaken the company to become India's most valued firm with a market capitalisation of 8.14 lakh crore. Reliance's market cap stood at Rs.7.96 lakh crore.

    ED probes Etihad investment in Jet Privilege.

    • The ED is reportedly probing Etihad Airways' investment in Jet Airways' frequent-flyer programme, Jet Privilege.

    • The agency is investigating whether Foreign Direct Investment (FDI) norms were violated when the Abu Dhabi-based carrier took a stake in the programme, reports said.

    • Queries raised by the erstwhile FIPB to both the airlines immediately after the deal had gone unanswered, reports added.

    APPOINTMENTS AND RESIGNATIONS:

    Rakesh Sharma, Bajaj Auto Executive Director elected as IMMA Vice-President.

    • Rakesh Sharma, Bajaj Auto Executive Director and also a representative of SIAM (Society of Indian Automobile Manufacturers) elected as VP (Vice President) of IMMA, International Motorcycle Manufacturers Association (based in Geneva) during the annual general meeting of (IMMA) at Yogyakarta in Indonesia.

    • Rakesh Sharma has a wide range of experience in 2 and 3-wheeler industry and he is expected to efficiently direct IMMA towards being the trusted motorcycle manufacturers worldwide.

    • IMMA’s president is Johannes Loman.

    Indias Jagjit Pavadia re-elected to the International Narcotics Control Board(INCB).

    • Jagjit Pavadia, an Indian re-elected by the UN Economic and Social Council to a five year term on International Narcotics Control Board with the highest number of votes of 44 in the 54 member council.

    • She will begin her term on March 2, next year.

    • She was elected to the INCB for her first five year term in 2014. She has also served as the First Vice-President of the Board in 2016 and Chair of the Standing Committee on Estimates in 2015 and 2017.

    DAYS:

    World Thalassaemia Day was observed on 8th May.

    • 8th May is observed as World Thalassaemia Day globally every year. The theme for 2019 was Universal access to quality thalassaemia healthcare services: Building bridges with and for the patient.

    The day is observed to raise awareness about thalassaemia, its prevention, and measures to avoid its transmission among people throughout the world. It is observed in honour of all patients suffering and fighting from thalassaemia and also all scientists working hard to provide improved quality of life to people suffering with it.

    • Thalassemia:

    Thalassemias are inherited blood disorders characterized by abnormal hemoglobin production.

    Since it is an inheritable disease so cannot be prevented completely however, it can be lessened through the prenatal tests which helps in the early detection and cure before the childbirth.

    There are two main types:

    1.         Alpha thalassemia

    2.         Beta thalassemia

    Symptoms depend on the type and can vary from none to severe.

    • Often there is mild to severe anemia (low red blood cells).

    • There may also be bone problems, an enlarged spleen, yellowish skin, and dark urine.

    • Slow growth may occur in children.

    Treatments include blood transfusions, iron chelation, and folic acid.

    Tags: current affairs, Resignation, National News, international news, Sports and Awards, Appointments, Days and Date
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    Important Current Affairs 8th May 2019

    NATIONAL:

    TCS set to become world’s third-largest IT services company.

    • NEW DELHI: Tata Consultancy Services Ltd (TCS) is set to surpass DXC Technology Co. to become the world’s third-largest software services provider in fiscal 2018-19, marking the first change in the pecking order of the information technology (IT) outsourcing industry in two years.

    • If TCS does surpass DXC, it will only lag behind International Business Machines Corp. and Accenture Plc.

    AGREEMENTS AND MOUS:

    India and Bangladesh agreed to jointly produce film on the life of Mujibur Rahman.

    • India and Bangladesh agreed to jointly produce the film based on the life and works of Bangabandhu Sheikh Mujibur Rahman and documentary of Bangladesh Liberation War 1971.

    • The delegation from Bangladesh side led by Dr. Gowher Rizvi, Adviser to Prime Minister of Bangladesh met Amit Khare, Secretary of Information and Broadcasting Ministry. 

    The co-production of film was earlier announced by the PM of both India and Bangladesh

    The movie will be directed by Shyam Benegal and the scriptwriter of the movie will be Atul Tiwari and the director of the documentary will be from Bangladesh who would be assisted by a co-director from India.

    • Additionally, Prasar Bharti decided to carry Bangladesh TV on DD Free Dish platform and also to waive carriage fees. 

    BANKS AND ECONOMICS:

    Coworking office space: The emerging spot for investors.

    • With a sharp increase in leasing in the shared working space over the last few quarters, co-working is catching up as a preferred asset class for several leading developers and investors, a report by real estate consultancy firm CBRE said.

    • Flexible working space saw a 277% jump in leasing to nearly 3 million sq ft in the first quarter of calendar 2019, according to the report. On a quarterly basis, it shot up by 70%. Even the size of leasing have increased significantly with several co-working operators shifting focus to taking up medium-to-large sized spaces of as much as 1 lakh sqft, the report said.

    AGREEMENTS AND RESIGNATIONS:

    Tata Global Beverages appoints Shikha Sharma, Bharat Puri as directors.

    • NEW DELHI: Tata Global Beverages Wednesday said former MD & CEO of Axis Bank, Shikha Sharma and Pidilite Industries MD Bharat Puri have been appointed as additional and independent directors.

    • Their appointment, which is with effect from May 7, 2019 for five years, will be subject to the approval of shareholders in the ensuing annual general meeting, the company said in a regulatory filing.

    DAYS:

    World Red Cross Day is observed on 08th May.

    • World Red Cross Day (also known as Red Crescent Day) is observed every year on May 8. 

    • The 2019 theme is, ‘#Love’.

    • The day is also the birthday of Henry Dunant, who had generated the Red Cross Committee of the International (ICRI) in 1863 in Switzerland, Geneva.

    • He was born in May 8, 1828 and was also the recipient of the Nobel Peace Prize.

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    Important Current Affairs of 7th May

    NATIONAL:

    INS Vishal: India, UK in talks to replicate Naval Supercarrier.

    • Art aircraft carrier along the lines of Britain's HMS Queen Elizabeth as part of the ongoing 'Make in India' negotations, according to a media report.

    • The talks are under way for the Indian Navy to buy detailed plans for the 65,000-ton British warship to build a so-called "copycat supercarrier" to be named INS Vishal in 2022.

    • "An Indian delegation has already visited Rosyth dockyard in Scotland where HMS Queen Elizabeth was assembled and where a second supercarrier, HMS Prince  .

    NEET chance: HRD Ministry to decide on Karnataka’s request

    • HRD Ministry on Monday assured the Karnataka Government it would soon decide on their request to allow over 500 students from the State, who missed the NEET exam on Sunday due to a train delay.

    • HRD Minister Prakash Javadekar announced that the National Testing Agency will conduct NEET exam again for those students of Karnataka who missed their exam as their train was delayed which has come as a major relief to the candidates.NEET for these students will be conducted on May 20.

    • Nearly 365 students from north Karnataka had missed appearing for the National Eligibility cum Entrance Test (NEET) on May 5, as the train in which they were travelling reached Bengaluru over seven hours late.

    Bombs hurled, booths ‘looted’ in West Bengal

    • A helpless Election Commission of India watched Bengal’s poll percentage drop by notches even as sporadic violence, bombing and booth-capturing marred the fifth phase of elections too with both the Opposition BJP and Left Front and the ruling Trinamool Congress accusing each other of “rampant rigging.

    • Reports of violence and booth jamming came in from Barrackpore where the turncoat TMC strongman and former MLA Arjun Singh was fighting against former Union Minister Dinesh Trivedi.

    • While a suave and composed Trivedi was seen playing cricket with children amid overseeing polling, Singh ran from booth to booth alleging massive rigging by TMC workers. He reportedly exchanged fisticuffs with police officials before complaining that “the police were helping the TMC rig elections. He fell down and injured himself while chasing away ‘outsiders’.

    • Bombs were hurled at Himli Saolapara in Gaighata Assembly segment of Bongaon parliamentary constituency where one TMC supporter received head injuries. Later the CAPF resorted to massive lathi-charge.

    INTERNATIONAL:

    US wants India to eliminate trade barriers for American companies: Ross

    • The US wants India to eliminate trade barriers for American companies and remove restrictions with regard to data localisation to cut the cost of doing business, visiting US Commerce Secretary Wilbur Ross said Tuesday.

    • "Our goal is to eliminate barriers to the US companies operating here including data localisation restrictions that actually weaken data security and increase the cost of doing business," he said here.Ross was speaking at the Trade Winds Forum and Trade Mission. He is accompanying a delegation of over 100 American businesses.He also alleged that India imposes very high import duties on goods like automobiles, motorcycles, agri products and alcoholic beverages."

    •  Currently US businesses face significant market access barriers in India. These include both tariff and non-tariff barriers as well as multiple practices and regulations to the disadvantage of foreign companies."India's average applied tariffs rate is 13.8 per cent and that remains the highest of any major world economy, the very highest.

    • It has for example a 60 per cent tariff on auto, while the US has 2.5 per cent. It has 50 per cent tariff on motorcycles and 150 per cent on alcoholic beverages. Just a few extreme examples," he added.

    US deploys carrier strike group to send ‘clear message’ to Iran

    • The US is deploying an aircraft carrier strike group and a bomber task force in the Middle East to send a “clear and unmistakable” message to Iran that any attack on American interests or its allies will be met with “unrelenting force”, National Security Advisor John Bolton has warned.

    • Bolton said on Sunday the decision to deploy the USS Abraham Lincoln Carrier Strike Group and a bomber task force to the US Central Command region in the Middle East was in response to a number of “troubling and escalatory indications and warnings” from Iran.

    • The deployment of the strike group and bomber task force comes after US President Donald Trump last month refused to give waivers to countries like India from buying oil from Iran, in an attempt to reduce Iran’s oil exports to zero.

    • After coming to power, Trump withdrew from the Iranian nuclear deal last year and has imposed stringent sanctions against what he describes as the “authoritarian” Iranian regime

    BANKS AND ECONOMICS:

    Yes Bank shares fall over 5%;  m-cap drops by Rs 2,135 cr

    • Shares of Yes Bank on Monday dropped by over 5 per cent, wiping out Rs 2,135.29 crore from its market valuation, after ratings downgrade.The scrip tumbled 5.30 per cent to close at Rs 166.30 on the BSE.

    • During the day, it tanked 5.75 per cent to Rs 165.50. It was the worst hit among the 30-front-line shares.On the NSE, shares dropped 5 per cent to close at Rs 167.In terms of volume, 43.12 lakh shares of the company were traded on the BSE during the day, while over 4 crore units changed hands on the NSE.The company’s market valuation fell by Rs 2,135.29 crore to Rs 38,515.71 crore on the BSE.

    • The private sector lender had a double whammy Saturday after domestic rating agency ICRA downgraded its long-term ratings along with a negative outlook, citing a spike in its lower-rated advances and falling core capital buffers.The agency downgraded ratings on instruments totalling borrowings over Rs 33,000 crore by the lender, ICRA said.The bank had also reported its maiden loss of over Rs 1,506 crore in the March quarter, driven by a near ten-fold spike in provisions.

    Hughes, Airtel to combine India VSAT biz

    • Telecom operator Bharti Airtel and Hughes Communications India Ltd (HCIL) Tuesday announced they will combine their VSAT (Very Small Aperture Terminal) satellite operations in the country.

    • HCIL is a subsidiary of broadband satellite networks and services provider Hughes Network Systems.Hughes will have majority ownership in the combined entity while Airtel will have a significant shareholding, according to a statement.

    • The statement did not spell out the financial details of the transaction, which is subject to requisite approvals."The combined entity will benefit from enhanced scale, improved operational efficiencies and wider market reach.

    • The combined entity will be well positioned to leverage the demand for secure connectivity in a rapidly growing digital economy," it said.VSAT is used to provide satellite based telecom and internet access to individuals and enterprise users.HCIL is a broadband satellite service operator in India, and offers a range of broadband networking technologies, solutions, and services for businesses and governments.

    Ratan Tata invests in Ola Electric Mobility

    • Ride hailing major Ola Monday said Ratan Tata, Chairman Emeritus of Tata Sons, has invested in its EV business — Ola Electric Mobility (OEM).This investment, which is part of OEM’s series A round of funding, is in Tata’s personal capacity, Ola said in a statement.

    • Details of the funding were not disclosed.“His investment in Ola Electric will bring his deep experience and mentorship to the company’s ambitions to make electric mobility viable at scale,” it added.

    • Tata is also an early investor in ANI Technologies, Ola’s parent company. He had invested in ANI Technologies in July 2015.In March this year, OEM had announced raising Rs 400 crore in a funding round led by Tiger Global and Matrix India.    

    SPORTS:

    Federer makes retirement claim ahead of Madrid return

    • The topic of when Federer will finally hang up his racket has followed the Swiss for several years.But the 37-year-old has been able to put off 'Father Time' by continuing to win major trophies and remain in the top 10 in the world.And in a further show that he's not ready to quit, Federer has decided to play during the clay court season for the first time since 2016.

    • Speaking in an interview with Spanish publication Marca ahead of the tournament, Federer was asked if he was surprised that he's still able to compete at such a highlevel at 37.

    • And the 20-time Grand Slam revealed the major factor in his decision to carry on playing."A little, yes," Federer admitted."If you told me ten years ago that this would be happening, I wouldn't have believed it. I could have hoped for a top ten or top 20 place, but not this."If I'd been asked in 2009 if I would be playing in 2019 I'd have said only if I was still competitive."I have made my career and I do not need to play to lose in the second round in any tournament. My goal is to win, as I did at the beginning of the season."If I feel like I can't be the best, it's better for me to stop."I still enjoy the victories in Masters 1000 events or being world No 1, as I did last year in Rotterdam."In a wide-ranging interview, Federer was also asked about the clay court form of Rafael Nadal and Novak Djokovic.

    Tags: current affairs, National News, international news, Sports and Awards, BANKS, ECONOMY AND POLITY
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    Important Current Affairs 6th May 2019

    NATIONAL:

    DPIIT recommends relaxation in Income Tax rules to facilitate fundraising by start-ups.

    • The Department for Promotion of Industry and Internal Trade (DPIIT) brought relaxation in the income tax rules related to residential properties’ sale and carry-forward of losses, in order to facilitate fundraising by start-ups.

    • The relaxation laws are part of the ‘Startup India Vision 2024‘ that’s been prepared by the DPIIT.

    • The DPIIT recommended amendments in Section 54GB of the Income Tax Act, that is, capital gain on transfer of residential property not to be charged in certain cases and Section 79 that states, carry forward and set off of losses would be done for specific companies.

    • The DPIIT has proposed to reduce shareholding requirements of founders from 50% to 20% and compulsory tenure from 5 years to 3 years.

    • Start-up promoters need to hold 100% shares for carrying forward of losses.

    Startup India, launched in January 2016 is the flagship initiative of the government.

    It intends to build a strong ecosystem for the growth of start-up businesses for driving sustainable economic growth and increase employment opportunities.

    Bandana sets Guinness World Records on Longest Dancing Marathon by an Individual.

    • An 18-year old girl from Nepal named Bandana set a Guinness World Records on'Longest Dancing Marathon by an Individual'. She danced exclusively to Nepalese music continuously for 126 hours (over five days).

    • She broke the record set by India's Kalamandalam Hemlatha, who danced continuously for 123 hours and 15 minutes in 2011.

    She performed classical dance form Mohiniyattam and set the record at age of 37.

    BigBasket receives $150 million in funding, becomes the newest unicorn.

    • Supermarket Grocery, which runs and operates the online grocery brand BigBasket, has received $150 million in a financing round led by South Korea’s Mirae Asset- Naver Asia Growth Fund, UK’s CDC Group, and existing investor Alibaba, said the company on Monday.

    • This round has boosted the company’s valuation to over $1 billion, pushing it to the coveted ‘unicorn’ club.

    INTERNATIONAL:

    US to hike tariffs on USD 200 bn of Chinese goods.

    • President Donald Trump announced on 5th May that the U.S. would raise tariffs on $200 billion of Chinese goods to 25% from 10th May because trade talks are moving too slowly, as they attempt to renegotiate. Mr.Trump’s action came ahead of the arrival of a major Chinese delegation to Washington for the latest round of talks around, it is believed, could possibly lead to a deal.

    • For 10 months, China has been paying Tariffs to the USA of 25% on 50 Billion Dollars of High Tech, and 10% on 200 Billion Dollars of other goods. 10% will go up to 25%. The two sides have imposed tariffs on $360 billion in two-way trade since 2018. But Mr.Trump and Chinese leader Xi Jinping agreed to a truce in December to refrain from further escalation.

    • The two sides have imposed tariffs on USD 360 billion in two-way trade since 2018. But Trump and Chinese leader Xi Jinping agreed to a truce in December to refrain from further escalation. Trump said that he wants to reduce the huge US trade deficit with China, which in 2018 totalled $378.73 billion if trade in services is included.

    • Besides a greater opening of the Chinese market to US goods, Trump is pressing for structural changes such as Beijing ending its practice of forcing US companies that operate in China to share their technology. Trump is also demanding that China halt theft of intellectual property and subsidies to state-owned companies.

    Oil tumbles, China stocks plunge over 4% after Trump vows tariff hike.

    • Global financial markets tumbled on Monday after US President Donald Trump unexpectedly jacked up pressure on China to reach a trade deal, saying he would hike US tariffs on Chinese goods this week.

    • Equity markets, which had been largely expecting a trade accord, fell sharply across export-reliant Asia as further talks were thrown into doubt.

    • Chinese shares plunged more than 4% at one point, while US stock market futures fell close to 2 %. Oil prices plunged and the Chinese yuan tumbled.

    BANKS AND ECONOMICS:

    Yes Bank slips 3 notches to 10th spot as most valued bank.

    • Private lender YES Bank Ltd has slipped three notches to 10th spot, in terms of market valuation, for the first time, as its shares slumped over 30% in the last four sessions after the bank reported a surprise net loss in its March quarter earnings.

    • YES BANK is now the 10th most valued bank from seventh earlier, slipping below market valuation of state-run lenders - Bank of Baroda and Punjab National Bank.

    Tags: current affairs, Resignation, national new, international news, Sports and Awards, Appointments, BANKS
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    Important Current Affairs of 5th May

    NATIONAL:

    ISRO planning to send a probe to study sun early next year

    • Indian Space Research Organizationis planning to send a probe to study the sun early next year.ISRO chairman Dr K Sivan currently scientists are exploring possibilities to study more about Sun and the probe named Aditya-L1 will be sent to observe the solar corona, the outer layers of the Sun.

    • The satellite would be ed in a halo orbit around the L1 (Lagrangian point 1) of the Sun-Earth system so that it has the advantage of continuously viewing the Sun without any occultation or eclipses.

    • The L1 is 1.5 million kms from t the mission to send Indian astronauts to space by 2022 is well on stream. The provided by ISRO, officials were able to forecast the landfall area and this helped in taking precautionary measures in advance.

    NHA sets up unit to boost innovations

    • The National Health Authority (NHA), the implementing body for the Ayushman Bharat-Pradhan Mantri Jan Arogya Yojna (AB-PMJAY), has set up a unit to promote innovations that reduce dependence on imported technologies to make quality health care affordable.

    • The NHA “innovation unit” comprises a four-member team that will sift through applications from start-ups, including organisations and individuals, offering technologies that lower cost. Ayushman Bharat is the Modi government’s flagship public health insurance scheme.

    • “Lot of start-ups offer affordable health care by innovating on expensive technologies that exist. Many have approached us with proposals to develop cost-effective machines, gadgets, diagnostic kits, data privacy technology etc to bring down the cost significantly,” said Dinesh Arora, deputy CEO, Ayushman Bharat.

    Odisha death toll in Cyclone Fani rises to 16; Puri without power, water

    • A day after Cyclone Fani wreaked havoc at the pilgrim town of Puri with wind speed in excess of 220 km per hour, the district administration still grappling with the devastation which includes damage to parts of the Jagannath temple.

    • So far 16 people across Odisha have been killed in the cyclone due to wall collapse, falling of trees and flying debris. But officials said the death toll may go up as rescuers are unable to reach several places of the coastal districts which are still inaccessible.

    • “Till now we are unable to reach disconnected blocks like Krushnsprasad, Bramhagiri and Astaranga. Though we have managed to somehow clear the national highway connecting Bhubaneswar and the roads in the town, many interior roads are still inaccessible.

    INTERNATIONAL:

    Donald Trump, Vladimir Putin discuss new nuclear accord possibly including China

    • U.S. President Donald Trump said he and Russian President Vladimir Putin discussed on Friday the possibility of a new accord limiting nuclear arms that could eventually include China in what would be a major deal between the globe’s top three atomic powers.

    • Trump, speaking to reporters as he met in the Oval Office with Peter Pellegrini, prime minister of the Slovak Republic, also said he and Putin discussed efforts to persuade North Korea to give up nuclear weapons, the political discord in Venezuela, and Ukraine during a call that stretched over an hour.

    • The 2011 New START treaty, the only U.S.-Russia arms control pact limiting deployed strategic nuclear weapons, expires in February 2021 but can be extended for five years if both sides agree. Without the agreement, it could be harder to gauge each other’s intentions, arms control advocates say.

    BANKS AND ECONOMICS:

    Huawei overtook Apple to become Worlds 2nd largest smartphone maker

    • The Chinese electronics giant Huawei has surpassed Apple to become the No. 2 smartphone vendor worldwide, according to statistics from the International Data Corp. (IDC).

    • South Korean consumer electronics giant Samsung continues to top the list with 20.9% market share.

    • Huawei was the only smartphone maker in the top three that saw an increase in shipments in the first quarter of 2019.The company saw year-over-year growth of 50.3% in the first quarter and claimed 19% of the worldwide market share.

    Apple holds 11.7% of the worldwide market share as of the first quarter of 2019, while Huawei now claims 19%.

    • Chinese smartphone maker Xiaomi sits on the fourth position in the list.

    The fifth position is captured by another Chinese smartphone maker - Oppo.

    AWARDS AND RECOGNITION:

    Nileena M S won the ACJ Award for Investigative Journalism

    • The article titled 'Coalgate 2.0'authored by Nileena M S and published in The Caravan magazinein March 2018 has won the ACJ Award for Investigative Journalism, 2018.

    • The award, which comprises a trophy, a citation, and Rs. 2,00,000 cash prize. It was presented to the winner by John Micklethwait, Editor-in-Chief of Bloomberg News,who was the chief guest at the journalism school's annual convocation ceremony.

    World Press Freedom Prize 2019 awarded to Myanmar Journalists

    • The World Press Freedom Prize also known as UNESCO/Guillermo Cano World Press Freedom Prize 2019 is formally conferred every year by Director-General of UNESCO, on occasion of World Press Freedom Day observed on 3 May.

    • In 2019 award would be shared by two jailed Myanmar journalists Wa Lone and Kyaw Soe Oo who reported on alleged human rights violations in the state of Rakhine, Myanmar. The Reuters reporters are serving a seven-year prison sentence in Myanmar. They are charged with breaking the country's secrets law for their journalistic investigation on the military's brutal crackdown and killings of Rohingya Muslims in Rakhine state.

    • Recognised for:

    The award recognises their exceptional courage in reporting on alleged human rights violations in the Myanmar's state of Rakhine. Both Wa Lone and Kyaw Soe Oo's documentary on the taboo topic regarding crimes committed against Rohingyas landed them behind the bars. The award paid a tribute to their courage, resistance and commitment to freedom of expression.

    DAYS:

    World Laughter Day is celebrated on the first Sunday of May of every year

    • World Laughter Day is celebrated on the first Sunday of May of every year. The first celebration was on May 10, 1998, in Mumbai, India. The celebration of World Laughter Day was meant to be a positive manifestation for world peace and to build up a global consciousness of brotherhood and friendship through laughter and run-on sentences.

    •  Its popularity has grown exponentially with that of the Laughter Yoga movement, which is now counting over 6000 Laughter Clubs worldwide on all 5 continents.

    World Laughter Day was created in 1998 by Dr. Madan Kataria, founder of the worldwide Laughter Yoga movement.

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    Important Current Affairs of 4th May

    NATIONAL:

    HealthKart to raise 173 cr from Belgium's Advent Management.

    • Gurugram-based health and fitness products platform HealthKart is raising about тВ╣173 crore from Belgium-based Advent Management, Entrackr revealed. It has raised around тВ╣346 crore worth preference and equity capital since July last year.

    Healthkart was founded by Prashant Tandon and Sameer Maheshwari in 2011 after raising $1 million from Kae Capital and Sequoia Capital.

    Vodafone Idea signs multi-million dollar IT deal with IBM.

    • India's largest telecom operator Vodafone Idea Ltd on Friday announced a five-year multi-million-dollar IT outsourcing deal with tech giant IBM.

    • "This engagement will also contribute to Vodafone Idea's merger synergy objectives by reducing its IT related costs," the telecom firm said in a statement.

    • The company did not divulge the size of the deal but some reports pegged it at about $700 million.

    INTERNATIONAL:

    Warren Buffett finally embraces Amazon as Berkshire acquires stake.

    • Warren Buffett has said that he underestimated Amazon.com Inc.’s Jeff Bezos. Now one of Buffett’s deputies is willing to put money behind the tech giant.

    BANKS AND ECONOMICS:

    RBI imposed penalty on 5 pre paid payment instrument issuers and Yes Bank.

    • The Reserve Bank of India imposed a monetary penalty on five pre-paid payment instrument issuersincluding Vodafone m-pesa and Phonepe, for violating regulatory guidelines. A penalty of Rs.3.05 crore has been imposed on Vodafone m-pesa and Rs. 1 crore each on Mobile Payments, PhonePe and G.I.

    • Technology Private Ltd. Also, a penalty of Rs. 5 lakh has been imposed on Y-Cash Software Solutions.

    • RBI said it had imposed a penalty of Rs. 29.67 lakh on Western Union Financial Services Inc., USA., and Rs. 10.12 lakh on MoneyGram Payment Systems Inc, USA, for non-compliance of regulatory guidelines.

    • The penalties on Western Union and MoneyGram had been imposed by the central bank under the provisions of the Payment and Settlement Systems Act, 2007, for compounding of the contravention.

    APPOINTMENTS AND RESIGNATIONS:

    Myntra appoints Virat Kohli, Anushka Sharma as first brand ambassadors.

    • Flipkart-owned fashion e-commerce platform Myntra n Friday announced that it had appointed celebrity couple Virat Kohli and Anushka Sharma as its first brand ambassadors.

    • The platform declined to reveal the brand deal size or period of association. According to celebrity management sector estimates, Myntra may be shelling out upwards of тВ╣10 crore for the couple as brand endorsement fee.

    DAYS:

    International Firefighters Day is observed on 4th May.

    • International Firefighters' Day (IFFD) is observed on 4th  May of every year. It was instituted after a proposal was emailed out across the world on January 4, 1999, due to the deaths of five firefighters in tragic circumstances in a bushfire in Australia. May 4 used to be a traditional Firefighters' Day in many European countries because it is the day of Saint Florian, patron saint of firefighters.

    • Fire prevention and the need for more intensive and thorough training is one of the main aspects of International Fire Fighters Day. Firefighters and their agencies around the world are constantly stressing fire prevention: in schools, to the community, at public events, at assemblies and even to their own families. The safest way to keep firefighters alive and home to their families is training. This ideal is one that International Fire Fighters Day stresses.

    • The Ribbon:

    One of the most significant symbols of International Fire Fighters Day is the red and blue ribbon. This ribbon is cut precisely five centimeters long and one centimeter wide, with the two separate colors conjoined at the top. The red and blue were chosen because the red stood for the element of fire whereas the blue would represent the element of water. Coincidently, red and blue are also the colors recognized worldwide to signify emergency services; therefore, red and blue being the best choice of color to reco2. gnize an international day.

    Coal Miners Day is observed on 4th May every year:

    • Coal Miners Day is observed on 4th May every year to highlight the toughest profession and the people working in coal mines. On this day several organisations, communities raises funds and awareness for other organisations in the coal mining area and workers.

    This day show appreciation for the sacrifices, honour the accomplishments and remember the tragedies that these hardworking individuals experience.

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    Important Current Affairs of 3rd May

    NATIONAL:

    BSNL launches Bharat fibre for high speed broadband Internet service with local channel partner in Pulwama.

    • ‘Bharat Fibre’, the state-owned telecom firm, BSNL (Bharat Sanchar Nigam Limited) became the 1st operator to start optical fibre-based high-speed broadband service in Pulwama.

    • The Bharat Fibre services with reliable and high-speed internet are provided on the optical fibre by FTTH (fibre-to-the-home) service up to the customer premises.

    The service was launched by BSNL Chief General Manager of Jammu and Kashmir Circle, Rana Ashok Kumar Singh, in the presence of Srinagar General Manager Telecom District Zafar Iqbal and BSNL’s channel partner, Mir Nazir.

    • The Internet services generally remain unaffected even during the vagaries of weather.

    BSNL provides the FTTH service with a monthly charge of Rs 777-16,999 in around 160 telecom districts with a minimum speed of 2 megabit-per-second (Mbps).

    The ‘Bharat Fibre’ service launched on a revenue sharing basis in a business collaborative model with the local channel partner of Pulwama area.

    PayPal India launched One Touch with the help of Google Smart Lock for seamless transactions.

    • PayPal India used Google Smart Lock and launched its OneTouch experience in India.

    OneTouch feature permits Indian consumers to register their android device with PayPal and stay logged into PayPal for further PayPal purchases on that device, thus removing the issue of repeated log-ins and enabling a seamless payments experience.

    The integration with Google Smart Lock will offer a hassle-free payment procedure as well as maintain security to prevent fraud.

    • India becomes the first market where the feature of Google Smart Lock has been integrated.

    • PayPal’s Buyer Protection feature will provide an extra layer of security to this feature for eligible transactions, that is, if items that are purchased online mismatch with the description of the product that was sold, the Buyer Protection feature enables them to claim a refund for eligible transactions.

    Godrej Properties buys Mumbai's iconic RK studio.

    • Godrej Properties Ltd (GPL) on Friday said it has bought Mumbai's iconic R.K. Studios, founded by legendary film actor Raj Kapoor, for an undisclosed amount.

    • The company will develop the property, spread across 2.2 acres, into a project spanning 0.35 million sq ft of saleable area comprising modern residential apartments of various configurations as well as a luxury retail experience, Godrej Properties said in a filing to the BSE.

    DAYS:

    World Press Freedom Day is celebrated on 3rd May

    • World Press Freedom Day is celebrated on 3rd May every year. It was started by theUN General Assembly in 1993, on a recommendation from UNESCO. The day aims to celebrate the fundamental principles of press freedom, assess its state around the world, defend the media from attacks on their independence and to pay tribute to journalists who have laid down their lives in the exercise of their profession.

    • The theme for this year's World Press Freedom Day is Media for Democracy: Journalism and Elections in Times of Disinformation. The theme discusses current challenges faced by media in elections, along with the media’s potential in supporting peace and reconciliation processes. UNESCO's mandate is freedom of the press and freedom of expression. UNESCO believes that these freedoms allow for mutual understanding to build sustainable peace.

    SPORTS:

    India retains top spot in ICC Test rankings.

    • India retained its top position in the ICC Test rankings while England remained the number one ODI side in the latest annual rankings released in Dubai.

    New Zealand secured second place in Test series.

    • India bagged prize money of USD 1 million

    • New Zealand bagged USD 500,000.

    • South Africa finished third with 105 points

    Australia finished fourth with 104 points winning prize money of USD 200,000 and USD 100,000 respectively.

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    Important Current Affairs 2nd May 2019

    INTERNATIONAL:

    Japan got its new emperor Naruhito.

    • The new emperor, Naruhito (59-year-old),  on 1st May received the sacred imperial regalia that represents his rightful succession to the world’s oldest monarchy, Tokyo, Japan. Emperor Akihito of Japan formally stepped down on 30th April 2019 as his son Naruhito prepared to take the Chrysanthemum Throne and usher in a new imperial era.

    Pakistan named its retaliatory action against India on February 27 as Operation Swift Retort.

    • Pakistan Air Force announced that they will observe its retaliatory action against India against the Balakot strike of Indian Air Force as ‘Operation Swift Retort’.

    The Indian air strikes at Balakot terror camp on February 26 was response of Pakistan based Jaish-e-Mohammed (JeM) attack by a suicide bomber in Pulwama that killed 40 CRPF jawans.

    In response to Indian attack, Pakistan Air Force (PAF) retaliated and captured IAF Wing Commander Abhinandan Varthaman who was released by Pakistan on March 1.

    AGREEMENT AND  MOU's:

    Varuna 19.1, Indo French joint naval exercise, began in Goa.

    • Varuna 19.1 is the first part of the Indo-French joint naval exercise. It is being held off the Goa coast from 1st to 10th May 2019.

    The exercise will see the participation of the French Navy's aircraft carrier FNS Charles de Gaulle, two destroyers, FNS Forbin and FNS Provence, the frigate FNS Latouche-Treville, the tanker FNS Marne and a nuclear submarine. From the Indian side, the aircraft carrier INS Vikramaditya, destroyer INS Mumbai, the Teg-class frigate, INS Tarkash, the Shishumar- class submarine, INS Shankul, and the Deepak- class fleet tanker, INS Deepak, are taking part in the exercise.

    BANKS AND ECONOMICS:

    Bandhan Bank to cut promoter holding to 40% through offer-for-sale route.

    • Bandhan Bank will reduce its promoter holding to the mandated level of 40% through the offer-for-sale (OFS) route and is not looking at any more acquisitions at the moment, said managing director and CEO Chandra Shekhar Ghosh.

    • Speaking to reporters after announcing the bank’s Q4 FY19 results, Ghosh said, “We cannot go for any further acquisition and the option is to have an offer for sale."

    APPOINTMENTS AND RESIGNATIONS:

    Viacom18 appoints Gourav Rakshit as Viacom18 Digital Ventures COO.

    •  Film, television and digital content conglomerate Viacom18 Media Pvt Ltd on Wednesday announced the appointment of Gourav Rakshit as chief operating officer for its digital arm, Viacom18 Digital Ventures. Rakshit will join the organisation in May and report to Sudhanshu Vats, Group CEO and managing director, Viacom18.

    • An alumnus of the University of Rochester and IIM Ahmadabad, Rakshit is currently serving as president and chief executive officer of People Group that owns and operates online wedding service Shaadi.com.

    DAYS:

    WORLD PASSWORD DAY – FIRST THURSDAY IN MAY.

    • The Registrar of National Day Calendar has designated the first Thursday of May of each year as World Password Day.

    • World Password Day is a celebration to promote better password habits. Passwords are critical gatekeepers to our digital identities, allowing us to access online shopping, dating, banking, social media, private work and life communications.

    SPORTS:

    Kumar Sangakkara named as first non-British President of MCC.

    • Former Sri Lanka captain Kumar Sangakkara appointed as the first non-British president of the Marylebone Cricket Club.

    • Sangakkara will be the first overseas MCC president in the organization's 233-year history.

    • The wicketkeeper-batsman, whose nomination was announced by current president Anthony Wreford will begin his one-year tenure in October.

    He is an honorary life member of MCC

    • He owns Lord's and acts as the guardian of the laws of the game, was founded in 1787 and lists 168 president.

    Apurvi Chandela attains world number one spot in women's 10 m air rifle event.

    • Indian shooting ace Apurvi Chandela attained the world number one position in the women's 10 metres air rifle event.

    • Anjum Moudgil attained number two after consistent performances in recent years.

    The rifle ace from Jaipur is among the five Indian shooters to have already secured 2020 Olympics quotas for the country.

    • Moudgil attained the world number two rank in 10 metres Air Rifle after her mixed team gold at the ISSF World Cup in Beijing.

    • Manu Bhaker is the world number 10 in 25 metres pistol women category.

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    Important Current Affairs of 1st May

    NATIONAL:

    Reliance Jio to launch 'Super App' with 100 services: Report.

    • Reliance Jio is reportedly aiming to launch a ‘Super App’ that will provide over 100 services in one platform. The report said the app will let users order goods and services on it and pay bills using in-app payment services. Reports added that launching the app will put Reliance in a position to replicate China's WeChat in India.

    OYO buys 51% stake in Europe's @Leisure for тВ╣1,400 crore.

    • Indian hotel startup OYO has agreed to buy a 51% stake in European vacation rental group @Leisure from German media company Axel Springer for тВ╣1,400 crore. @Leisure manages holiday homes, holiday parks and holiday apartments across Europe and has a total inventory of more than 3 lakh rooms. OYO now has presence in more than 800 cities across 24 countries.

    Flipkart in talks to buy grocery chain Namdhari's Fresh: Reports.

    • Walmart-owned e-commerce giant Flipkart is in talks to buy Bengaluru-based grocery chain Namdhari's Fresh, as per reports. While Walmart is said to have held talks with Namdhari's, the acquisition will be made through Flipkart, reports said. Namdhari's operates over 30 stores in Bengaluru, and the acquisition will help Flipkart expand its food and grocery segment, reports added.

    L&T buys Coffee Day & its Founder's stake in Mindtree for тВ╣3,210 cr.

    • Larsen & Toubro (L&T) has purchased a 20% stake in Bengaluru-based IT services firm Mindtree from Coffee Day and its Founder VG Siddhartha for about тВ╣3,210 crore. The infrastructure major is aiming to acquire an up to 66% stake in Mindtree for тВ╣10,730 crore. L&T's hostile bid to acquire controlling stake in Mindtree is the first in India's IT industry.

    Bengaluru logistics startup BlackBuck raises тВ╣1,043 crore.

    Bengaluru-based logistics startup BlackBuck has raised about тВ╣1,043 crore in Series D funding round led by Goldman Sachs Investment Partners and Accel. Sequoia Capital, B Capital, among others also participated in the round which reportedly values the startup at just under $1 billion. BlackBuck was founded in 2015 by IIT-Kharagpur alumni Rajesh Yabaji, Chanakya Hridaya and Ramasubramanian B.

    April GST collections at тВ╣1.13 lakh crore, highest since rollout.

    • The Goods and Services Tax (GST) collection in April touched тВ╣1.13 lakh crore, the highest since the nationwide levy was rolled out in July 2017. The revenue in April is 16% higher than the monthly average GST revenue of тВ╣98,114 crore in 2018-19. This is the fifth time the collections crossed тВ╣1 lakh crore since GST rollout.

    INTERNATIONAL:

    Pentagon to send 320 more troops to US-Mexico border.

    • The US Defence Department announced that it would deploy around 320 additional troops to the southern border with Mexico to support immigration officials.

    The troops, set to deploy until the end of September, will add to around 2,900 active duty military and 2,000 National Guard members currently posted to the border.

    The Pentagon spokesman said, the troops would assist with transporting migrants, monitoring the welfare of migrants in custody and providing heating and meals.

    Airtel Africa reports $83 million profit in March quarter.

    • Airtel Africa, a subsidiary of Bharti Airtel, on Tuesday reported a profit of $83 million for the March quarter, as against a loss of $49 million a year earlier. The company's revenue grew 6% to $781 million. Qatar Investment Authority invested $200 million in the company during the quarter, taking funds raised as pre-IPO private placement to $1.45 billion.

    Jaish chief Masood Azhar designated as global terrorist by UN.

    • The designation of Azhar as a terrorist by the UNSC will lead to embargos on his travel and his ability to find finance for his group

    • India’s first attempt to get Azhar listed came in 2009, seven years after his JeM group was designated a terrorist outfit by the UN

    APPOINTMENTS AND RESIGNATIONS:

    Air Marshal RKS Bhadauria takes over as Vice Chief of Air Staff.

    • Air Marshal Rakesh Kumar Singh Bhadauria took over as Vice Chief of the Air Staff on Wednesday, succeeding Air Marshal Anil Khosla. Bhadauria has over 4,250 hours of experience on 26 types of fighters and transport aircraft. He was reportedly the Chairman of India's negotiating team for the Rafale deal with France.

    Eric Schmidt leaves Google board, after 18 years.

    • Eric Schmidt will not seek re-election to the board when his term expires in June, but will continue to advise on technical matters

    • Schmidt's net worth is estimated to be around $14 billion by Forbes

    DAYS:

    May 1: International workers day.

    • International Worker's Day also known as Labour Day and May Day, is observed on 1st May every year, to promote and encourage the international labour associations.

    • The theme of Labour Day 2019 is ‘Uniting Workers for Social and Economic Advancement’.

    Labour Day provides the Labours their right to work for only 8 hours a day.

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