NATIONAL NEWS
Priyanka Mohite becomes first Indian Woman to scale World’s 5th Highest Mountain Mount Makalu
Priyanka Mohite, the 26-year-old Satara based mountaineer, has become the first Indian woman to successfully scale Mount Makalu — the fifth-highest mountain in the world at 8,481 metres.
- Earlier, in May 2018, Priyanka managed to scale Mount Lhotse, which is the fourth highest mountain in the world. In 2013, Mohite had become the youngest girl from her state to have conquered the 8,848m Mount Everest — the highest peak in the world — becoming only the third-youngest Indian to do so.
- Mt Makalu is located in the Mahalangur Himalayas, 19 km south-east of Mount Everest, on the border between Nepal and China.
- The first climb on Makalu was made by an American team led by Riley Keegan in 1954.
BANKING & FINANCE
RBI releases draft norms on liquidity risk management for NBFCs
RBI stated that all non-deposit-taking non-banking financial companies (NBFCs) with an asset size of Rs 5,000 crore and above, and all deposit-taking NBFCs irrespective of their asset size, have to maintain a liquidity buffer in terms of a Liquidity Coverage Ratio (LCR).
- In a draft on liquidity risk management framework for NBFCs and core investment companies, these measures will promote resilience of NBFCs to potential liquidity disruptions by ensuring they have sufficient High-Quality Liquid Asset (HQLA) to survive an acute liquidity stress scenario lasting for 30 days. The banking regulator proposed that it will implement LCR through a glide path from 01st April 2020 to 01st April 2024.
Corporation Bank launches ‘Corp SME Suvidha’ for MSMEs
Corporation Bank has launched ‘Corp SME Suvidha’, a product for GST-registered MSMEs. The product has been designed as part of the bank’s efforts to provide the best products to the MSME sector.
SPORTS
Mary Kom crowned India Open champion
Six-time world champion Mary Kom in the 51 kg category clinched the second edition of the India Open Boxing Tournament at the Karmabir Nabin Chandra Bordoloi AC Indoor Stadium in Guwahati, Assam
- The London Olympic bronze medallist blew away the challenge of Vanlal Duati in a facile 5-0 win. This was Mary's second gold in the tournament, having won in 48 kg last year in the capital.
APPOINTMENTS
Naveen Patnaik set for fifth term as Odisha CM
Odisha’s ruling Biju Janata Dal (BJD) headed by incumbent Chief Minister Naveen Patnaik is all set to form a government for a fifth consecutive term. The new Cabinet is likely to be sworn-in on 27th May.
British PM Theresa May announces resignation
British Prime Minister Theresa May announced resignation from her post. She will resign on 7 June. Her announcement triggers the start of a contest to replace her as Conservative leader and Prime Minister.
AWARDS
Contemporary artist Nalini Malani becomes first Indian to win $78K Joan Miro Prize
Indian contemporary artist Nalini Malani has won the Joan Miro Prize for 2019, the Barcelona-based Fundacio Joan Miro has announced. One of the most prestigious contemporary art awards in the world, it recognises present-day work by artists who show the same spirit of exploration, innovation, commitment and freedom that characterised Spanish painter and sculptor Joan Miro's life and work.
- Malani, who is the winner of the seventh edition of the prize, was awarded for her impressive body of work that gave a voice to "the silenced and the dispossessed all over the world, most particularly women".
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