Saturday, May 4, 2019

Daily Current Affairs 4th May, 2019

Daily Current Affairs 4 May 2019 for Banking/Insurance/SSC and other related exams.

NATIONAL NEWS


Vice President releases a postage stamp to commemorate the 750th birth anniversary of Sri Vedanta Desikan

The Vice President, M. Venkaiah Naidu released a postage stamp to commemorate the 750th birth anniversary of Sri Vedanta Desikan in New Delhi. He said that our text books must throw light on the lives of great saints and spiritual icons such as Sri Vedanta Desikan so that our children internalize and practice the lofty ideals of humanism, peace and compassion propagated by them.

  • Sri Vedanta Desikan is one of the most prominent preceptors in the Sri vaishnava tradition and one of the most effulgent luminaries to have graced this land. The Vice President also stressed that massive public awareness and education campaigns must be undertaken to bring to the fore luminaries such as Sri Vedant Desikan who have shaped our Bharat into a “Jnana Bhoomi”.


14th edition of Sino-Indian border trade opens at Nathu La

The 14th edition of the annual Sino-Indian border trade opened at Nathu La in Sikkim. A function was held to mark the occasion. The Principal Secretary of Commerce and Industries Department, Dr Thomas Chandy, along with officers of various central agencies were present on the occasion.

  • The bilateral border trade between the two countries is organised four days a week for six months, between May 1 and November 30, every year. It was resumed in 2006 after a gap of 44 years.


SEBI bars NSE from securities market for 6 months in co-location case

The Securities and Exchange Board of India (Sebi) directed the National Stock Exchange (NSE) to disgorge Rs 625 crore, along with interest at 12 per cent per annum since 2014, for lapses at its co-location (colo) facility, which allowed unfair access to certain brokers. The regulator also barred the exchange for a period of six months from accessing the securities market.

  • The markets regulator also came down heavily on NSE’s former managing directors (MDs) and chief executive officers (CEOs) Ravi Narain and Chitra Ramkrishna, who were at the helm when the exchange servers were exploited.


Government and IIT-Delhi to set up a CoE for Waste to Wealth Technologies

The Indian Institute of Technology Delhi has announced that they will be introducing a new Centre of Excellence for Waste to Wealth Technologies. This step has been taken as a way to celebrate Mahatma Gandhi’s 150th Birthday. The initiative is a joint effort of IIT-D and Government of India’s Principle Scientific Advisor (PSA).

  • The Centre of Excellence will help in bringing about the application of Technological and scientific solutions to the issues regarding waste management which are sustainable as well.


BHEL signs MoU with ARAI for e-mobility projects

Bharat Heavy Electricals and Automotive Research Association of India (ARAI), an autonomous body affiliated to the Ministry of Heavy Industries and Public Enterprises have signed an MoU for cooperation on various projects related to e-mobility.

  • BHEL's unique strength as technology developer and implementer and ARAI's advanced facilities and expertise in design, testing and certification of mobility products, will generate synergies in implementing solutions for Electric & Trolley Bus, EV Chargers, Battery & Charger testing, etc.










BUSINESS & ECONOMY


PayPal 'One Touch' Instant Payment Feature for Android Launched in India

PayPal India has launched its One Touch instant payments feature for Android devices in the country. The feature uses Google Smart Lock to save your login credentials on that particular device. Customers will still need to go through the 2-factor authentication of their respective debit or credit cards.

  • PayPal separated from e-commerce platform eBay in 2015, and has since broadened the scope of its services.










SPORTS


India drop to 5th spot in T20I rankings

India dropped 3 places to be the fifth-ranked team in T20Is. On the other hand, reigning T20 World Cup champions Pakistan have consolidated their top spot and are now on 286 points while the next four teams are within two points of each other- South Africa (262), England (261), Australia (261) and India (260).

  • The International Cricket Council (ICC) unveiled the new expanded T20I team rankings table with 80 teams who will now be able to gauge their progress in a format, recognised by the ICC as the vehicle for the growth of the game.


Barcelona and Spain legend footballer Xavi Hernandez announced retirement

Barcelona midfielder Xavi Hernandez has announced that the 2018/19 season will be his final one as a professional footballer. Xavi, who currently plays for Al-Sadd in Qatar, holds the all-time appearances record at FC Barcelona with 767, and scored 85 goals from 1998 to 2015.

  • Xavi debuted with the Barca first team under Louis Van Gaal, and was part of the team's glory years from 1998 to 2015.


Jaipur to host Asian Youth Women Handball Championship

Jaipur will host the 8th Asian Youth Women Handball Championship in which 10 teams, including defending champions South Korea, will be participating. It is the first time that the tournament will be hosted by Pink city Jaipur. Earlier Delhi had hosted it in 2015 where the hosts India had finished seventh. 

  • The previous edition in 2017 was held at Jakarta in Indonesia where South Korea was the champion while Japan and China were placed second and third respectively.










APPOINTMENTS


Myntra appoints Virat Kohli, Anushka Sharma as first brand ambassadors

Flipkart-owned fashion e-commerce platform Myntra announced that it had appointed celebrity couple Virat Kohli and Anushka Sharma as its first brand ambassadors. This is would be the couple’s second big brand endorsement deal after men’s ethnic wear brand Manyavar, which they have been associated with since 2017.

  • Myntra has launched an integrated campaign called ‘Go Myntra-la-la’ which will be promoted across television, print, digital and outdoor.










OBITUARIES


Ex-Kerala Minister Vishwanatha Menon passes away 

Former CPI-M Kerala Finance Minister V. Vishwanatha Menon passed away at a private hospital in Kochi. He was 92. Finance Minister in the E.K. Nayanar cabinet from 1987-91, Menon was one of the tallest leaders in Ernakulam, and was popularly referred to as Ambadi Viswan.

  • He was the a popular leader of the undivided Communist party and later moved on to the CPI-M.


Actor Peter Mayhew passes away

“Star Wars” actor Peter Mayhew, who played Chewbacca in the original trilogy. He was 74. Mayhew went on to appear in “The Empire Strikes Back,” “Return of the Jedi,” “Revenge of the Sith,” “The Force Awakens” and “The Star Wars Holiday Special.” He was active on the “Star Wars” convention circuit and wrote two books, “Growing Up Giant” and “My Favorite Giant.”

  • He established the Peter Mayhew Foundation to provide funds for those in need, and suported the 501st Legion, Wounded Warriors, Make-a-Wish and other non-profits.










IMPORTANT DAYS


World Password Day 2019

The Registrar of National Day Calendar has designated the first Thursday of May (2 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.









Click here to read Daily Current Affairs


 

Friday, May 3, 2019

Daily Current Affairs 3rd May, 2019

Daily Current Affairs 3 May 2019 for Banking/Insurance/SSC and other related exams.

NATIONAL NEWS


France welcomes 17th edition of Varuna bilateral exercise with India

France welcomed the two-part Varuna bilateral exercise with India, calling it a "swift development" of bilateral relations in the maritime security. The first phase of the exercise, namely Varuna 19.1, began off Goa's coast on May 1 and is scheduled to culminate on May 10.

  • Varuna 19.2, on the other hand, is slated to be held in May-end near Djibouti.


Mangaluru Police Gets An All-women Patrol Unit “Rani Abbakka Force”

Mangaluru City Police has launched an all-women police patrol unit in the city. Flagging off the ‘Rani Abbakka Force’ in Mangaluru, Sandeep Patil, Commissioner of Police, said the Karnataka police is giving utmost importance to the protection of women and children.

  • At present, 50 women policewomen have been deployed in ‘Rani Abbakka Force’ in the city, with each patrol team having five policewomen.


BSNL Launches ‘Bharat Fibre’ Broadband Service In Kashmir Valley

State-owned telecom firm BSNL has become the first operator to start optical fibre-based high-speed broadband service in Pulwama with the launch of 'Bharat Fibre'. This is the first such FTTH (fibre-to-the-home) service deployment in the (Kashmir) Valley under this unique revenue share model. 

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










INTERNATIONAL NEWS


UK Parliament 1st In World To Declare Climate Emergency

The UK parliament became the first national legislative body in the world to declare a climate change "emergency". The historic move closely follows Extinction Rebellion protests that blocked traffic in key parts of central London. 

  • The protest had three demands: that the UK government "tell the truth" about climate change, that it achieve carbon neutrality by 2025 and that it create a citizens' assembly to help with that process. The emergency declaration was proposed by Labour Party leader Jeremy Corbyn.










BUSINESS & ECONOMY


Huawei Overtakes Apple To Become 2nd Biggest Smartphone Maker

Huawei Technologies Co. overtook Apple Inc. to claim the No. 2 spot in smartphones in the first quarter, moving a step closer to its avowed ambition of displacing Samsung at the top of the market. The networking giant, shrugging off a barrage of accusations that it aids Chinese espionage (which it’s repeatedly denied), grew shipments 50 percent from a year earlier, research firm IDC estimates.

  • It was the only name in the top 4 that managed to expand volumes as the overall market slid for the sixth consecutive quarter.

  • Extra info.:
    Huawei Headquarters: Shenzhen, China










SPORTS


Bajrang Punia bags gold at Ali Aliev wrestling tournament

World number one Bajrang Punia has become the first Indian to win gold at the Ali Aliev wrestling tournament after defeating Viktor Rassadin of Russia in the 65 kg freestyle in Kapiisk, Russia.

  • Bajrang, who is part of the JSW Sports Excellence Program, will now get on the road once again as he heads to New York for the Beat The Streets 'Grapple At the Garden' on May 6 at the historic Madison Square Garden arena.










APPOINTMENTS


Chief Economic Advisor Krishnamurthy Subramanian appointed as member of Advisory Council of 15th Finance Commission

The Chief Economic Advisor to Central government, Dr. Krishnamurthy Subramanian has been included as the member of the Advisory Council of the Fifteenth Finance Commission. Dr. Krishnamurthy Subramanian will be the twelfth Member of the Council.

  • The role and function of the Council is to advise the Commission on any issue or subject related to the Terms of Reference (ToR) of the Commission.










AWARDS


Priyanka, Deepika win Instagrammers of the Year

Actresses Priyanka Chopra Jonas, Deepika Padukone and Sara Ali Khan have won Instagrammers of the Year 2019, which acknowledges Instagram's most engaging community members across the country. The winners represent individuals who have best embraced Instagram, by using its Stickers, Stories, Feed, Live and IGTV.

  • With 39 million followers, a global fan base, and many international projects, Bollywood diva, Priyanka emerged as the 'Most Followed Account' this year. Star cricketer Virat Kohli has emerged as the most 'Engaged Account of the Year'. He provides a sneak peak to the locker room drama, to his gruelling training sessions or an off-field selfie with his wife.


Former ISRO Chairman Awarded France’s Highest Civilian Honour

Former ISRO chairman A S Kiran Kumar was conferred with France's highest civilian award Chevalier de l'Ordre national de la Lgion d'Honneur for his contribution to India-France space cooperation. On behalf of the President of France, Ambassador of France to India, Alexandre Ziegler conferred Kumar with the highest civilian honour of France. 

  • Created in 1802 by Napoleon Bonaparte, the Ordre national de la Lgion d'Honneur (National Order of the Legion of Honour) is the highest civilian award given by the French for outstanding service to France, regardless of the nationality of the recipient.

  • Extra info.:
    ISRO Headquarters: Bengaluru










IMPORTANT DAYS


World Press Freedom Day

Each year, May 3 is celebrated as World Press Freedom Day. Started by the UN General Assembly in 1993, on a recommendation from UNESCO, the day is used 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” and it discusses current challenges faced by media in elections, along with the media’s potential in supporting peace and reconciliation processes.











Click here to read Daily Current Affairs


 

Current Affairs Quiz: May 2, 2019

Current Affairs 2 May 2019 Quiz

Read our Current Affairs and Newspaper Quiz daily to excel in General Awareness section of upcoming Competitive Exams.

Quiz from Current Affairs 1 May 2019 of A2Z – Click Here to Read Current Affairs of May 1, 2019


  1. The Delhi High Court issued notice to which airlines to ensure refunds or provide alternative travel mode for passengers?
    A)Jet Airways
    B)GoAir
    C)Indigo
    D)Vistara
    [su_spoiler title=" View Answer " icon="chevron-circle"] Option A
    Explanation:
    The Delhi High Court has issued notice to Jet Airways on a plea seeking direction to the Civil Aviation Ministry and DGCA to ensure refunds or provide alternative travel mode for passengers who have booked tickets with the airlines.

    [/su_spoiler]



  2. The exercise Varuna 19.1 is being held between India and which other country?
    A)Russia
    B)France
    C)Japan
    D)Vietnam
    [su_spoiler title=" View Answer " icon="chevron-circle"] Option B
    Explanation:
    The first part of the Indo-French joint naval exercise, Varuna 19.1 is being held off the Goa coast from 1 to 10 May 2019. The exercise is being conducted in two phases. The harbour phase at Goa would include cross-visits, professional interactions and discussions and sports events. The sea phase would comprise various exercises across the spectrum of maritime operations.

    [/su_spoiler]

  3. Who was designated as a global terrorist at the UN after China removed its objections?
    A)Mohd Azhar
    B)Masood Azhar
    C)Jaish Mohd
    D)Abdul Kalim
    [su_spoiler title=" View Answer " icon="chevron-circle"] Option B
    Explanation:
    India scores a big diplomatic victory Jaish-e-Mohammed (JeM) Chief Masood Azhar designated as a global terrorist at the UN after China lifts its technical hold on the proposal at 1267 Al Qaeda Sanctions Committee of UNSC; Proposal was moved by US, UK and France after the Pulwama terror attack in February; Prime Minister hails the move as a big success for India in the fight against terrorism; France too welcomes the move.

    [/su_spoiler]

  4. Which country government banned Zakir Naik‘ Peace TV Channel recently?
    A)Pakistan
    B)Bhutan
    C)India
    D)SriLanka
    [su_spoiler title=" View Answer " icon="chevron-circle"] Option D
    Explanation:
    Sri Lankan government has issued orders preventing any person from preaching religious, extremist or radical ideologies who encourages or glorifies terrorism. The order also banned any foreigner from preaching any such ideology and few persons involved in it have been deported.

    [/su_spoiler]

  5. Which bank recently linked its interest rates to RBI’s repo rate?
    A)BOB
    B)SBI
    C)IDBI
    D)PNB
    [su_spoiler title=" View Answer " icon="chevron-circle"] Option B
    Explanation:
    India’s largest bank State Bank of India has moved to a new interest rate regime on large savings account deposits as well as short-term loans. In March, SBI had announced that it will link its interest rate on savings account with balance above Rs. 1 lakh and short-term loans like overdraft and cash credit facility to Reserve Bank of India’s repo rate, effective 1 May 2019.

    [/su_spoiler]

  6. According to data by Directorate General by Commercial Intelligence,Which country has become India’s top crude oil supplier?
    A)Iraq
    B)Iran
    C)Afghanistan
    D)Saudi Arabia
    [su_spoiler title=" View Answer " icon="chevron-circle"] Option A
    Explanation:
    Iraq has become India’s top crude oil supplier for the second consecutive year, meeting more than one-fifth of the country’s oil needs in the 2018-19 fiscal year.

    [/su_spoiler]

  7. As per data,how much amount of GST was collected in April 2019?
    A)Rs 1.13 lakh cr
    B)Rs 1.5 lakh cr
    C)Rs 2.5 lakh cr
    D)Rs 3.3 lakh crore
    [su_spoiler title=" View Answer " icon="chevron-circle"] Option A
    Explanation:
    Goods and Services Tax (GST) collection scales record high of Rs 1.13 lakh crore in April, highest ever collection since GST implementation. The GST collections in April jumped to its highest level of Rs 1,13,865 crore since its roll out in 2017.

    [/su_spoiler]

  8. Which general insurance company has tied up with web aggregator Wishfin Insurance for speedy delivery of two wheeler cover?
    A)Bharti AXA
    B)ICICI Lombard
    C)IDBI Federal
    D)NIACL
    [su_spoiler title=" View Answer " icon="chevron-circle"] Option A
    Explanation:
    Bharti AXA General Insurance said it will sell policies through social media messaging platform WhatsApp and has tied up with web aggregator Wishfin Insurance for speedy delivery of two-wheeler cover.

    [/su_spoiler]

  9. As per India Ratings and Research,what will be India’s GDP growth for 2019-20 fiscal?
    A)7.5%
    B)7.3%
    C)7.8%
    D)7.1%
    [su_spoiler title=" View Answer " icon="chevron-circle"] Option B
    Explanation:
    India Ratings and Research marginally lowered country’s GDP growth projection for 2019-20 fiscal to 7.3 per cent mainly due to below normal monsoon prediction and loss of momentum in industrial output. The Fitch group company had earlier projected India’s gross domestic product (GDP) growth at 7.5 per cent.

    [/su_spoiler]

  10. Which organisation is set to launch Indian Boxing League?
    A)Olympic Council of Asia
    B)Boxing Federation of India
    C)World Boxing Federation
    D)BCCI
    [su_spoiler title=" View Answer " icon="chevron-circle"] Option B
    Explanation:
    Boxing Federation of India will be launching the Indian Boxing League (IBL) this year in the month of July or August.

    [/su_spoiler]

  11. Who was sworn as Japan’s new emperor and ascended to the Chrysanthemum Throne?
    A)Zaruito
    B)Burnavito
    C)Akihito
    D)Naruhito
    [su_spoiler title=" View Answer " icon="chevron-circle"] Option D
    Explanation:
    Japan’s new emperor, Naruhito, has formally ascended to the Chrysanthemum Throne, replacing his father, Akihito, who had abdicated recently. The sun came out for a morning ceremony at the Imperial Palace in Tokyo, as Naruhito became the 126th Emperor of Japan, the latest in an unbroken line that stretches back 14 centuries.

    [/su_spoiler]

  12. What is the theme of this year’s International Workers Day?
    A) Sustainable Pension for all: The Role of Social Partners
    B)Sustainable Workers
    C)Celebrating the International Labour Movement
    D)Workers Sacrifices
    [su_spoiler title=" View Answer " icon="chevron-circle"] Option A
    Explanation:
    International Workers’ Day, also known as Workers’ Day, Labour Day in some countries and often referred to as May Day is a celebration of labourers and the working classes that is promoted by the international labour movement which occurs every year on 1 May. The theme of International Labour Day this year is “Sustainable Pension for all: The Role of Social Partners”.

    [/su_spoiler]





STATIC GK BASED ON CURRENT AFFAIRS



  1. What is the capital of France?
    A)London
    B)Paris
    C)Kiev
    D)New York
    [su_spoiler title=" View Answer " icon="chevron-circle"] Option B


    [/su_spoiler]

  2. Where is the HQ of UNSC?
    A)New York
    B)Geneva
    C)Rome
    D)London
    [su_spoiler title=" View Answer " icon="chevron-circle"] Option A


    [/su_spoiler]

  3. What is the currency of SriLanka?
    A)Rupee
    B)Rufiyaa
    C)Peso
    D)Krone
    [su_spoiler title=" View Answer " icon="chevron-circle"] Option A


    [/su_spoiler]

Current Affairs Quiz: May 1, 2019

Current Affairs 1 May 2019 Quiz

Read our Current Affairs and Newspaper Quiz daily to excel in General Awareness section of upcoming Competitive Exams.

Quiz from Current Affairs 30 April 2019 of A2Z – Click Here to Read Current Affairs of April 30, 2019

  1. Recently Indian army and its teams found mysterious footprints of which mythical creature?
    A)Noumara
    B)Maku
    C)Zika
    D)Yeti
    [su_spoiler title=" View Answer " icon="chevron-circle"] Option D
    Explanation:
    Indian Army claimed that one of its teams spotted mysterious footprints of mythical creature “Yeti” close to Nepal’s Makalu Base Camp. During an expedition, the Mountaineering Expedition team came across mysterious marks measuring 32X15 inches, which the Army believed are of the mythical beast Yeti.

    [/su_spoiler]



  2. Which cyclone is heading towards Odisha coast and is intensifying into severe storm?
    A)Iedi
    B)Katrina
    C)Fani
    D)Divs
    [su_spoiler title=" View Answer " icon="chevron-circle"] Option C
    Explanation:
    Cyclone ‘Fani’ intensified into a ‘severe cyclonic storm’ and is headed towards the Odisha coast. IMD said it could take a shape of an ‘extremely severe cyclone’, prompting the government to put the National Disaster Response Force and the Indian Coast Guard on high alert.

    [/su_spoiler]

  3. Which country has recently skipped the Belt and Road Forum of China?
    A)Pakistan
    B)Sri Lanka
    C)Bangladesh
    D)India
    [su_spoiler title=" View Answer " icon="chevron-circle"] Option D
    Explanation:
    India’s decision to skip the Belt and Road Forum (BRF) may have led to the exclusion of the Bangladesh- China- India- Myanmar (BCIM) Economic corridor from the list of projects covered by the China-led Belt and Road Initiative (BRI) umbrella.

    [/su_spoiler]

  4. The emperor Akihito recently abdicated thanking the people for their support.He was the emperor of which country?
    A)Japan
    B)China
    C)India
    D)Maldives
    [su_spoiler title=" View Answer " icon="chevron-circle"] Option A
    Explanation:
    Japanese Emperor Akihito abdicated thanking the people for their support over the last three decades and expressing hope for a peaceful future. The popular Akihito, 85, the first monarch to abdicate in two centuries, had sought to ease the painful memories of World War Two and bring the monarchy closer to the people, including those marginalised in society.

    [/su_spoiler]

  5. According to UN, if no action is taken, drug resistant diseases could cause 10 million deaths by which year?
    A)2025
    B)2050
    C)2030
    D)2040
    [su_spoiler title=" View Answer " icon="chevron-circle"] Option B
    Explanation:
    If no action is taken, drug-resistant diseases could cause 10 million deaths each year by 2050 and damage to the economy as catastrophic as the 2008-2009 global financial crisis, a new report by United Nations (UN) has warned.

    [/su_spoiler]

  6. Which bank has recently moved into DRT against Tarapur Textile Park for defaulting a loan of $13 million?
    A)SBI
    B)PNB
    C)IDBI
    D)IOB
    [su_spoiler title=" View Answer " icon="chevron-circle"] Option B
    Explanation:
    With investigations into Nirav Modi scam in full swing, Punjab National Bank (PNB) has unearthed yet another default from its London branch. The bank has moved the Debt Recovery Tribunal (DRT) against Tarapur Textiles Park for defaulting an amount worth $13 million.

    [/su_spoiler]

  7. Recently Which application has reached 100 million paid subscribers,a first for any online music service?
    A)Spotify
    B)Jio Saavn
    C)Gaana
    D)Hungama
    [su_spoiler title=" View Answer " icon="chevron-circle"] Option A
    Explanation:
    Spotify has reached 100 million paid subscribers, a first for any online music service, adding more customers in the latest quarter than analysts expected and boosting confidence the company has lots of room to grow. Spotify Technology SA took on 4 million customers in the quarter, compared with the 3.3 million forecast by analysts.

    [/su_spoiler]

  8. Recently,Kolkata based Garden Reach shipbuilders and Enginners have signed how much amount of contract with the defence ministry to built 8 anti submarine warfare shallow water craft?
    A)Rs 6311 cr
    B)Rs 6000 cr
    C)Rs 7654 cr
    D)Rs 8753 cr
    [su_spoiler title=" View Answer " icon="chevron-circle"] Option A
    Explanation:
    Kolkata-based defence shipyard Garden Reach Shipbuilders & Engineers (GRSE) signed a Rs 6,311-crore contract with the defence ministry to build eight anti-submarine warfare shallow water craft (ASWSWCs) for the Indian Navy.

    [/su_spoiler]

  9. Which company removed 100 applications of Chinese developer from its platform?
    A)Microsoft
    B)Google
    C)Apple
    D)Samsung
    [su_spoiler title=" View Answer " icon="chevron-circle"] Option B
    Explanation:
    Suspecting malicious cyber attacks and data breach possibilities, Google is removing apps from a Chinese Android app developer DO Global which holds roughly 100 apps in the Play Store with over 600 million installs and is partly owned by Internet major Baidu.

    [/su_spoiler]

  10. Who won the Azerbaijan Grand Prix?
    A)Max Verstappen
    B)Valtteri Bottas
    C)Sebastian Vettel
    D)Lewis Hamilton
    [su_spoiler title=" View Answer " icon="chevron-circle"] Option B
    Explanation:
    Valtteri Bottas won the Azerbaijan Grand Prix to retake the Formula One world championship lead from team mate Lewis Hamilton after a stunning fourth successive one-two finish for Mercedes. Sebastian Vettel in his Ferrari was a distant third as the Italian pre-season favourites again failed to convert their promise into a result.

    [/su_spoiler]

  11. Who became the first woman to referee a French League 1 match?
    A)Stephanie Frappart
    B)Micks Jones
    C)Rose Marry
    D)Nia Jax
    [su_spoiler title=" View Answer " icon="chevron-circle"] Option A
    Explanation:
    Stephanie Frappart became the first woman to referee a French Ligue 1 match. The 35-year-old Frappart took charge as Amiens hosted Strasbourg, where she was called into action numerous times, handing out yellow cards to the likes of Strasbourg’s Ibrahima Sissoko and Ludovic Ajorque.

    [/su_spoiler]

  12. Who finished 27th in the men’s Elite race of Virgin Money Marathon 2019 ?
    A)Nitendra Singh Rawat
    B)Brajendra Singh
    C)Sohail Tanvir
    D)Baldev Singh
    [su_spoiler title=" View Answer " icon="chevron-circle"] Option A
    Explanation:
    Indian marathon runner, Nitendra Singh Rawat finished 27th in 2 hours 15 minutes and 59 seconds in the men’s Elite race of prestigious Virgin Money London Marathon 2019 at London, the UK which was won by EliudKipchoge of Kenya for record fourth time.


    [/su_spoiler]

  13. Which country is the “ Guest of Honour “ at the Abu Dhabi International Book Fair 2019?
    A)China
    B)India
    C)Nepal
    D)Bhutan
    [su_spoiler title=" View Answer " icon="chevron-circle"] Option B
    Explanation:
    Ambassador Navdeep Suri presented UAE Minister of Tolerance Sheikh Nahayan Mubarak Al Nahayan with the coffee Table book titled Work of Beauty : Architecture and Landscape of Rashtrapati Bhawan. The book has been published by Publications Division , Ministry of Information and Broadcasting.

    [/su_spoiler]

  14. Who won the outstanding achievement as a player award at the 4th edition of the annual India Golf Industry Association Awards?
    A)Gaganjeet Bhullar
    B)Anirban Lehri
    C)Shiv Kapur
    D)Rashid Khan
    [su_spoiler title=" View Answer " icon="chevron-circle"] Option A
    Explanation:
    Arjuna awardee and star Indian golfer Gaganjeet Bhullar won the outstanding achievement as a player award at the fourth edition of the annual India Golf Industry Association (GIA) awards at the Delhi Golf Club in New Delhi.

    [/su_spoiler]

  15. When is International Jazz Day observed?
    A)April 29
    B)April 30
    C)April 28
    D)May 1
    [su_spoiler title=" View Answer " icon="chevron-circle"] Option B
    Explanation:
    International Jazz Day is an International Day declared by the United Nations Educational, Scientific and Cultural Organization in 2011 “to highlight jazz and its diplomatic role of uniting people in all corners of the globe.” It is celebrated annually on April 30.

    [/su_spoiler]




STATIC GK BASED ON CURRENT AFFAIRS



  1. Where is the HQ of Punjab National Bank?
    A)Pune
    B)New Delhi
    C)Mumbai
    D)Chennai
    [su_spoiler title=" View Answer " icon="chevron-circle"] Option B


    [/su_spoiler]

  2. What is the currency of Japan?
    A)Yen
    B)Riel
    C)Euro
    D)Peso
    [su_spoiler title=" View Answer " icon="chevron-circle"] Option A


    [/su_spoiler]

Thursday, May 2, 2019

Daily Current Affairs 2nd May, 2019

Daily Current Affairs 2 May 2019 for Banking/Insurance/SSC and other related exams.

NATIONAL NEWS


India 4th Biggest Military Spender in 2018: SIPRI Report

World's military expenditure increased by 2.6 per cent, reaching $1822 billion in 2018 with India along with United States, China, Saudi Arabia and France contributing 60 per cent of the amount, according to a latest report from the Stockholm International Peace Research Institute (SIPRI).

  • India's military spending went up by 3.1 per cent to $66.5 billion while Pakistan's grew by 11 percent to reach $11.4 billion.


Government Hikes Customs Duty On Wheat To 40%

The government has hiked the customs duty on wheat to 40 per cent from 30 per cent to curb imports and protect the domestic industry. The government wants to restrict overseas purchase so that domestic prices of wheat do not come under pressure as the country's wheat output is expected to scale a record high this year. 

  • The government has fixed wheat's minimum support price (MSP) or the price at which it buys from farmers, at Rs 1,840 per quintal, up from Rs 1,735 a year earlier, as part of its decision to fix the support price at a minimum of 1.5 times the production cost.


CPWD Constitutes 8-member Committee To Chart Out Design Policy

The Central Works Public Department (CPWD) has constituted an expert committee to formulate a design policy for building construction and infrastructure development. The committee has been set up under the chairmanship of CPWD's Additional Director General M K Sharma.

  • The move is aimed at reviving building construction and infrastructure development at all levels in the CPWD which comes under the Housing and Urban Affairs Ministry.


ICMR Launches Malaria Elimination Research Alliance

Indian Council of Medical Research (ICMR) recently launched the Malaria Elimination Research Alliance (MERA)- India and organised the Stakeholders' Meeting at ICMR headquarters, New Delhi to have vibrant discussions on the roadmap of the Alliance.

  • ICMR has established 'Malaria Elimination Research Alliance-India (MERA-India)', which is a conglomeration of partners working on malaria control. The principal activity of the Alliance is to prioritise, plan, conduct, scale up and translate relevant research in a coordinated and combinatorial way in order to have a tangible impact of this research on the population at risk for malaria.


LIC HFL launches Udyam Centre in Bengaluru

LIC Housing Finance (LIC HFL) has launched ‘Udyam’, a skilling centre in Bengaluru. It was launched in association with Lok Bharti Education Society, the implementing partner.

  • The Centres of Excellence will provide training to marginalised youth in the BFSI, retail, and IT/ ITES sectors. 


Green Number Plates Become Mandatory For All Electric Vehicles

Indian government had earlier proposed a special green-coloured number plate for all electric vehicles in the country. Putting the year old plan in action, the Central government has now asked the state transport departments to make it mandatory for all EVs to use the green number plates, irrespective of the year in which they were bought.

  • The special number plate is supposed to have the vehicle number spelled out in white colour on a green background. The new mandate is supposed to help provide a preferential treatment to the vehicles with no carbon emissions, like parking, free entry in congested areas as well as a concessional toll on highways.










INTERNATIONAL NEWS


US Withdraws From UN Arms Trade Treaty

US President Donald Trump has said he will withdraw his country from the International Arms Trade Treaty. The agreement, signed by Barack Obama in 2013, aims to regulate the sale of weapons between countries.

  • The US National Rifle Association says the treaty amounts to international gun control, and is a threat to America's second amendment right to bear arms. The US is the world's top arms exporter. Its weapons sales are 58% higher than those of Russia, the world's second largest exporter.


5th ABU Media Summit Held In Kathmandu

5th Asia Pacific Broadcasting Union (ABU) Media Summit on Climate Action and Disaster Preparedness began in Kathmandu. The theme of the two-day summit is “Media Solutions for Sustainable Future: Saving Lives, Building Resilient Communities”. 

  • Nepal’s Minister for Communication and Information Technology Gokul Prasad Baskota inaugurated the summit. The basic aim of the summit is to address the issue of fully utilizing media’s potential of accelerating climate action and disaster preparedness and connect stakeholders to media professionals for collaboration and joint practical projects.


'Avengers: Endgame' becomes the highest grossing film of 2019 in India

'Avengers Endgame' in India has now become the highest grossing film of 2019 so far. 'Avengers: Endgame' released on April 26 and also marks the final film within the Marvel Cinematic Universe's current generation, which comprises of 22 films, including 'Spider-Man: Homecoming' and the recently released 'Captain Marvel'. It will also be the last Marvel movie for some of the key actors including Chris Evans as Captain America.

  • The film also beats the record set by 'Baahubali 2: The Conclusion,' which had crossed Rs 100 crore mark within three days of its release.










BANKING & FINANCE


Canara Bank, Canara HSBC OBC Life launch ‘Webassurance’

Canara Bank and its life insurance partner Canara HSBC Oriental Bank of Commerce Life Insurance launched ’Webassurance’ to enable its customers to purchase life insurance in a convenient and hassle-free way.

  • Total Four life insurance products of Canara HSBC OBC Life would be made available to its customers with various facilities like covering the key needs of child future, savings and investments, retirement planning and protection. Through this Webassurance, the bank will be able to service the protection needs of its younger and net-savvy customers.


IndusInd Bank Receives NCLT Approval For Merger With Bharat Financial Inclusion

National Company Law Tribunal (NCLT) approved the merger of private sector lender IndusInd Bank with Bharat Financial Inclusion (BFIL), a microfinance company.

  • Earlier, IndusInd Bank had received ‘No Objection’ from Reserve Bank of India, National Stock Exchange and Bombay Stock Exchange. Bharat Financial will become a subsidiary of the private lender.

  • Extra info.:
    IndusInd Bank Headquarter: Mumbai
    NCLT Headquarter: New Delhi










BUSINESS & ECONOMY


Wipro Acquires Philippines’ Largest Personal Care Company ‘Splash’

Wipro Consumer Care and Lighting (WCCL), the consumer care business of software provider Wipro Ltd, has acquired the Philippines-based personal care maker Splash Corporation for an undisclosed amount to enter the country which has a consumer base of around 100 million.

  • The maker of Santoor soap and Yardley deodorants said the acquisition will also help complete its Southeast Asian footprint. Splash Corporation is among the top five local companies in the Philippines.


Netherlands Becomes The Third Largest Foreign Direct Investor In India

The Netherlands has emerged as the 3rd largest Foreign Direct investor in India for the years 2017-2018 with investments valued at US$ 2.67 billion across variety of sectors such as services, trading, automobile industry, fermentation industries, chemicals and water management.

  • The Indian School of Business, Hyderabad and the Netherlands Business Support Office in Hyderabad jointly organized the “Dutch-India Dialogue on Trade & Technology” in the city, in connection with the National Day celebrations of the Netherlands.










SPORTS


ISSF Rifle/Pistol World Cup 2019 Concludes: India Finishes Top

India drew blank on the final day but still topped the chart for the second consecutive ISSF World Cup, third time in two years, by bagging 3 gold and a silver at the Beijing edition of the Rifle/Pistol event in Beijing. India topped the medals tally ahead of hosts China (2 gold, 2 silver, 1 bronze), who won five medals in total. In the last edition in New Delhi, India had jointly topped the standings with Hungary. 

  • For India, while Anjum Moudgil and young Divyansh Singh Panwar started the medal hunt with a gold in the 10m Air Rifle Mixed Team competition, the teenaged pair of Manu Bhaker and Saurabh Chaudhary backed them up with another yellow metal in the 10m Air Pistol Mixed Team Pistol event.


Apurvi Chandela Becomes World Number One In 10m Air Rifle ISSF Rankings

Shooter Apurvi Chandela became the world number one in women's 10m Air Rifle category with 1,926 rankings points, according to the latest rankings released by International Shooting Sport Federation (ISSF) recently.

  • While Chandela has already booked a Tokyo Olympics berth, she narrowly missed out on a medal, finishing fourth with a total score of 207.8, at the recently-concluded ISSF World Cup in Beijing, China.


Dominic Thiem Wins Barcelona Open 2019

World number five Dominic Thiem won his first Barcelona Open title with a comfortable victory over Russia's Daniil Medvedev. The Austrian, 25, was broken early on but then took 12 of the next 13 games to win 6-4 6-0 in one hour 13 minutes.

  • Thiem ended Rafael Nadal's hopes of a 12th title in the clay tournament in Saturday's semi-final, having lost to the Spaniard in the 2017 final.


23rd Asian Athletics Championships Concludes: Bahrain Tops, India Finishes 4th

The 23rd edition of the Asian Athletics Championship concluded in Doha, Qatar. The four-day event saw participation from 63 nations across the world. Bahrain topped the tally with 11 gold, 7 silver and 4 bronze, followed by China with 10 gold, 13 silver, 7 bronze and then Japan with 5 gold, 4 silver, 9 bronze.

  • Tejinder Pal Singh Toor won Gold in Men's shot put event, Gomathi Marimuthu won Gold in Women's 800m event and PU Chitra won Gold in Women's 1500m race event.


India retain top-spot in ICC test team rankings

India have retained their top position in the International Cricket Council (ICC) Test team rankings in the annual update. India now have 113 points while the second positioned New Zealand are just two points behind, which was earlier eight points.

  • While in the ICC One Day International (ODI) team rankings, England retained the top spot as the English side has 123 points. England is followed by India, who are just 2 points behind from England. South Africa, New Zealand and Australia secured the third, fourth and fifth position respectively.










APPOINTMENTS


Kumar Sangakkara Named As 1st Non-British President of MCC

Former Sri Lanka captain Kumar Sangakkara has been 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.


BSE Appoints First Independent Woman Director Jayshree Vyas To board

BSE has finally appointed its first independent woman director Jayshree Vyas last week, though still late by at least a few weeks from the deadline of April 1 given to all top 500 listed companies based on their market capitalisation for appointing an independent woman director on their board.

  • BSE already has two non-executive women directors namely Usha Sangwan and Rajeshree Sabnavis on its Board.










AWARDS


Jacques Kallis Receives Ikhamanga Award 2019

Former South Africa all-rounder Jacques Kallis has been honoured with the Order of Ikhamanga in the Silver Division. The national honour is bestowed by the President of South Africa on citizens who have made significant contributions to arts, literature, music, journalism, culture and sports.

  • Former teammates of Kallis have previously been bestowed with the honour. In 2018, Hashim Amla received the Silver award, while Shaun Pollock and Makhaya Ntini were both recognised in 2008.


Goldman Environmental Prize Conferred On 6 Environmental Activists

6 grassroots environmental activists received the prestigious Goldman Environmental Prize. Known as the Green Nobel Prize, the Goldman Prize honors environmental activists from each of the 6 continental regions: Europe, Asia, North America, Central America and South America, Africa and islands and island nations.

  • The winners of the award are Alfred Brownell, Bayarjargal Agvaantseren, Ana Colovic Lesoska, Jacqueline Evans, Alberto Curamil, Linda Garcia.


Drake Sets Record With Most Wins At Billboard Awards

Rapper Drake set a record with the most wins ever, taking home 12 honours at the Billboard Music Awards. The ceremony took place at the MGM Grand Garden Arena in Las Vegas with singer Kelly Clarkson as the host.

  • Drake surpassed singer Taylor Swift to become the top award recipient in the Billboard Music Awards history. He won 12 awards, bringing his career total to 27. Swift has won 23 Billboard Music Awards. 

  • Ariana Grande took top female artist for the first time. She also won the fan-voted Billboard chart achievement award. Cardi B took home six, while Maroon 5 scored four, and Ella Mai, Ozuna, Luke Combs and Lauren Daigle nabbed three. 










OBITUARIES


Kannada Theatre Personality Master Hirannaiah Passes Away

Noted Kannada theatre and film personality Master Hirannaiah passed away at a private hospital in Bengaluru. He was 84. Known for his wit, Hirannaiah used his stage performances to sharply attack the political class and bureaucracy on issues like corruption.

  • Makmal Topi, Anaachara, Bhrashtachara and Devadasi are among Hirannaiah's other popular plays. Hirannaiah has acted in several Kannada movies too. 


Youngest Best Director Oscar Nominee John Singleton Passes Away

John Singleton, an Academy Award-nominated filmmaker best known for directing "Boyz N the Hood" and "Poetic Justice," has passed away. Singleton became the first black filmmaker nominated for a Best Director Oscar for his debut feature from 1991, "Boys N The Hood." He was only 24 at the time, and still remains the youngest director to receive that nomination. 

Former Ethiopian President Negasso Gidada Passed Away

Former Ethiopian president Negasso Gidada has passed away in Germany where he was undergoing medical treatment for an unspecified illness. Negasso, who was 75, was president between 1995 and 2001 and was the first head of state after Ethiopia adopted a new constitution transforming the country into a federal state, with increased autonomy given to the different regions.

  • More recently, he was rehabilitated by the ruling Ethiopian People's Revolutionary Democratic Front (EPRDF), to which he was appointed an advisor in 2017.


Terry Rawlings, British Film Editor Passes Away

Terry Rawlings, a British film and sound editor who was an Oscar nominee for his work on Best Picture winner “Chariots of Fire,” has passed away. Rawlings worked as a film editor on such films as “Alien,” “Blade Runner,” “Legend,” “Yentl,” “Alien3” and, most recently, 2204’s “The Phantom of the Opera.”

  • Rawlings had a 50-year career in film, beginning in 1955 and stretching until 2005. The 5-time BAFTA nominee also received a career achievement award from the American Cinema Editors society in 2006.










IMPORTANT DAYS


World Tuna Day

Every 2 May is World Tuna Day, which should serve as more motivation to highlight the importance of these fish to the marine ecosystem and the global economy. World Tuna Day is the perfect time to recognize why these incredible species should be fished sustainably.

  • With the right implementation of harvest strategies, RFMOs can ensure that tunas, and tuna fisheries, thrive for many years to come.











Click here to read Daily Current Affairs


 

Current Affairs Quiz: April 30, 2019

Current Affairs 30 April 2019 Quiz

Read our Current Affairs and Newspaper Quiz daily to excel in General Awareness section of upcoming Competitive Exams.

Quiz from Current Affairs 30 April 2019 of A2Z – Click Here to Read Current Affairs of April 30, 2019

  1. Which institute developed easy OCR system for Bharati Script?
    A)BHU
    B)IIT Bombay
    C)IIT Madras
    D)IIT Delhi
    [su_spoiler title=" View Answer " icon="chevron-circle"] Option C
    Explanation:
    Taking a cue from European languages, several of which have the same (Roman letter–based) script, Srinivasa Chakravathy’s team at IIT Madras, has, over the last decade, developed a unified script for 9 Indian languages,named the Bharati Script.

    [/su_spoiler]


  2. Recently,RBI has proposed stricter rules for current accounts to tackle fund diversion.The norms however would apply to accounts which have borrowed and taken loans of how much amount or more?
    A)Rs 100 cr
    B)Rs 20 cr
    C)Rs 25 cr
    D)Rs 50 cr
    [su_spoiler title=" View Answer " icon="chevron-circle"] Option D
    Explanation:
    RBI is said to have recommeneded stringent norms on opening and running of current accounts of corporate borrowers in an attempt to check fund diversion. Current accounts can “only be opened” with the main bank in a lending consortium while other lenders having collection accounts will have to transfer funds at the end of the day to the current account with the consortium lead.

    [/su_spoiler]

  3. As per the Global World Food Policy Report prepared by US based International Food Policy Research Institute,how much people in the world now facing chronic food deprivation?
    A)821 million
    B)541 million
    C)550 million
    D)950 million
    [su_spoiler title=" View Answer " icon="chevron-circle"] Option A
    Explanation:
    Despite strong economic growth in 2018, undernourishment rose for the third year in a row, with 821 million people in the world now facing chronic food deprivation, says 2019 Global World Food Policy Report prepared by US based International Food Policy Research Institute.

    [/su_spoiler]

  4. Recently,which country banned burqa,veil or covering of face in public places?
    A)Pakistan
    B)SriLanka
    C)Bhutan
    D)Afghanistan
    [su_spoiler title=" View Answer " icon="chevron-circle"] Option B
    Explanation:
    Srilankan President Maithripala Sirisena used his emergency powers to issue an order to ban burqa,veil or covering of face in public places in any manner which prevents anyone from being identified.

    [/su_spoiler]

  5. Who is the author of the book “Politics of Jugaad:The Coalition Handbook”?
    A)Sanjay Chaturvedi
    B)Saba Naqvi
    C)Simran sheikh
    D)Amitav Ghosh
    [su_spoiler title=" View Answer " icon="chevron-circle"] Option B
    Explanation:
    The “Politics of Jugaad:The Coalition Handbook” new book authored by journalist Saba Naqvi examines possibility of coalition government after 2019 Lok Sabha polls.

    [/su_spoiler]

  6. Who won Stuttgart’s Porsche Grand Prix 2019?
    A)Victoria Azenranka
    B)Anett Kontaveit
    C)Saina Nehval
    D)Petra Kvitova
    [su_spoiler title=" View Answer " icon="chevron-circle"] Option D
    Explanation:
    World number three Petra Kvitova beat Estonian Anett Kontaveit to win Stuttgart’s Porsche Grand Prix for her second title of the year as she prepares for next month’s French Open.

    [/su_spoiler]

  7. The 2019 Asian Wrestling Championship was held in which country?
    A)India
    B)China
    C)SriLanka
    D)Indonesia
    [su_spoiler title=" View Answer " icon="chevron-circle"] Option B
    Explanation:
    India wrapped up their campaign at the Asian Wrestling Championships on a resounding note with 16 medals after Greco-Roman grapplers added a silver and a bronze on the concluding day in Xi’an. Harpreet Singh settled for a silver in 82kg while Gyanender won a bronze in 60kg on the final day of competitions.

    [/su_spoiler]

  8. Which Indian wrestler is set to become the first wrestler from india to fight at the iconic Madison Square Garden in NewYork?
    A)Bajrang Punia
    B)Sushil Kumar
    C)Yogeshwar Dutt
    D)Jeet Rama
    [su_spoiler title=" View Answer " icon="chevron-circle"] Option A
    Explanation:
    Bajrang Punia is set to become the first wrestler from india to fight at the iconic Madison Square Garden in NewYork. The 25-year-old, who won the gold medal in the 65-kg category at the ongoing Asian Wrestling Championships earlier this week, is the first Indian wrestler to be invited by the American governing body.

    [/su_spoiler]

  9. Recently,Pungam Kannan passed away.He was related to which field?
    A)Journalism
    B)Sports
    C)Politics
    D)Social Activist
    [su_spoiler title=" View Answer " icon="chevron-circle"] Option B
    Explanation:
    Former India footballer Pungam Kannan who was facing acute financial crisis, died at a city hospital following prolonged illness. He was 80. A forward, Kannan played 14 matches for India.

    [/su_spoiler]

  10. Recently,Mark Medoff passed away.He was related to which field?
    A)Sports
    B)Playwright
    C)Social Activist
    D)Actor
    [su_spoiler title=" View Answer " icon="chevron-circle"] Option B
    Explanation:
    Mark Medoff,a provocative playwright whose “Children of a lesser God” won Tony and Olivier awards and whose screen adaptation of his play earned an Oscar nomination, has passed away in Las Cruces, New Mexico. He was 79.

    [/su_spoiler]

  11. What is the theme of this year’s International Dance Day 2019?
    A)Dance and Fitness
    B)Art of Dance
    C)Dance is the Soul of Your Body
    D)Dance and Spirituality
    [su_spoiler title=" View Answer " icon="chevron-circle"] Option D
    Explanation:
    International Dance Day is observed on 29TH April.The theme for this year is “Dance and Spirituality”.

    [/su_spoiler]


  12. STATIC GK BASED ON CURRENT AFFAIRS



    1. What is the currency of SriLanka?
      A)Rupee
      B)Rufiyaa
      C)Riel
      D)Yuan
      [su_spoiler title=" View Answer " icon="chevron-circle"] Option A


      [/su_spoiler]

    2. Where is the HQ of RBI?
      A)Pune
      B)Mumbai
      C)Kolkata
      D)Chennai
      [su_spoiler title=" View Answer " icon="chevron-circle"] Option B


      [/su_spoiler]

Wednesday, May 1, 2019

Daily Current Affairs 1st May, 2019

Daily Current Affairs 1 May 2019 for Banking/Insurance/SSC and other related exams.

NATIONAL NEWS


Delhi High Court issues notice to Jet Airways

The Delhi High Court has issued notice to Jet Airways on a plea seeking direction to the Civil Aviation Ministry and DGCA to ensure refunds or provide alternative travel mode for passengers who have booked tickets with the airlines. The Jet Airways had last month announced a temporary suspension of its operations after it failed to receive emergency funds from lenders. 

  • A bench, headed by Chief Justice Rajendra Menon, sought a response from Jet Airways and also asked the Directorate General of Civil Aviation (DGCA) to file an affidavit on the issue.


Indian And French Navies Conduct Varuna 19.1 Bilateral Exercise

The first part of the Indo-French joint naval exercise, Varuna 19.1 is being held off the Goa coast from 1 to 10 May 2019. The exercise is being conducted in two phases. The harbour phase at Goa would include cross-visits, professional interactions and discussions and sports events. The sea phase would comprise various exercises across the spectrum of maritime operations.

  • Varuna 19.2, the second part of the exercise, is scheduled to be held in May end in Djibouti. The bilateral naval exercise which was started in 1983 and christened as ‘Varuna’ in 2001, form a vital part of the Indo-French strategic partnership.

  • Extra info.:
    France Capital: Paris
    President: Emmanuel Macron










INTERNATIONAL NEWS


Big diplomatic win for India; Masood Azhar designated global terrorist by UNSC

India scores a big diplomatic victory Jaish-e-Mohammed (JeM) Chief Masood Azhar designated as a global terrorist at the UN after China lifts its technical hold on the proposal at 1267 Al Qaeda Sanctions Committee of UNSC; Proposal was moved by US, UK and France after the Pulwama terror attack in February; Prime Minister hails the move as a big success for India in the fight against terrorism; France too welcomes the move.

  • In its listing, UNSC has found Masood Azhar as being associated with Al Qaida by participating in the financing, planning and facilitating of its terror activities as well as recruiting for it. It has been established that Azhar's terror outfit Jaish e Mohammed also has associations with Al Qaida. UNSC has already listed JeM as a terrorist organization in Oct 2001.

  • Extra info.:
    UNSC Headquarters: New York


Zakir Naik's Peace TV banned in Sri Lanka in wake of bombings

Sri Lankan government has issued orders preventing any person from preaching religious, extremist or radical ideologies who encourages or glorifies terrorism. The order also banned any foreigner from preaching any such ideology and few persons involved in it have been deported.

  • As part of it, Peace TV owned by Muslim cleric Zakir Naik has been banned and taken off the air by all cable and satellite networks. The channel is already banned in several countries including India.

  • Extra info.:
    SL Capitals: Colombo, Sri Jayawardenepura Kotte
    Currency: Sri Lankan rupee










BANKING & FINANCE


State Bank of India links interest rates to RBI's repo rate

India's largest bank State Bank of India has moved to a new interest rate regime on large savings account deposits as well as short-term loans. In March, SBI had announced that it will link its interest rate on savings account with balance above Rs. 1 lakh and short-term loans like overdraft and cash credit facility to Reserve Bank of India's repo rate, effective 1 May 2019.

  • The interest rates on large SBI savings account deposits and interest rate on some short-term loans will automatically change as and when RBI changes its repo rate. This will help in better transmission of RBI's policy rates into the banking system.










BUSINESS & ECONOMY


Iraq remains top oil supplier to India

Iraq has become India’s top crude oil supplier for the second consecutive year, meeting more than one-fifth of the country’s oil needs in the 2018-19 fiscal year. 

  • According to data collected by the Directorate General of Commercial Intelligence and Statistics, Iraq sold 46.61 million tonne of crude oil to India during April 2018 and March 2019. This is two per cent more than 45.74 million tonne it had supplied in 2017-18 fiscal.

  • Extra info.:
    Iraq Capital: Baghdad
    Currency: Iraqi dinar


Goods and Services Tax collection at all-time high

Goods and Services Tax (GST) collection scales record high of Rs 1.13 lakh crore in April, highest ever collection since GST implementation. The GST collections in April jumped to its highest level of Rs 1,13,865 crore since its roll out in 2017.

  • While collections have been gradually increasing since August, they hit a record high last month of Rs 1.06 lakh crore, up from Rs 97,247 crore in the previous month, on the back of high compliance and increased number of returns. The total number of GSTR 3B Returns filed for the month of March up to 30th April, 2019 is 72.13 lakh.


Bharti AXA General to sell two-wheeler policies via WhatsApp

Bharti AXA General Insurance said it will sell policies through social media messaging platform WhatsApp and has tied up with web aggregator Wishfin Insurance for speedy delivery of two-wheeler cover.

  • Bharti AXA General Insurance, a joint venture between Bharti Enterprises and global insurance firm AXA, will sell the policies on the website of Wishfin's insurance arm Wishpolicy.

  • Extra info.:
    Bharti AXA General Insurance Headquarters: Mumbai


India Ratings & Research Lowers Growth Forecast For 2019-20 To 7.3%

India Ratings and Research marginally lowered country's GDP growth projection for 2019-20 fiscal to 7.3 per cent mainly due to below normal monsoon prediction and loss of momentum in industrial output. The Fitch group company had earlier projected India's gross domestic product (GDP) growth at 7.5 per cent.

  • The key reasons for the downward revision are the prediction of lower-than-normal monsoon for 2019 and continued agrarian distress, and the loss of momentum in the industrial output growth, especially manufacturing and electricity.










SPORTS


BFI set to launch inaugural Indian Boxing League

Boxing Federation of India will be launching the Indian Boxing League (IBL) this year in the month of July or August. The announcement was made by BFI president Ajay Singh during an event in New Delhi. Indian boxers' stupendous Asian Championship medal haul has prompted the national federation to think of some fresh ways to aid their Olympic preparations. 

  • The Indian boxers logged in their best performance at the tournament, fetching 13 medals including two gold, four silver and seven bronze. The men picked up seven medals, while the women managed six.










APPOINTMENTS


Japan rings in new era as Naruhito becomes emperor

Japan's new emperor, Naruhito, has formally ascended to the Chrysanthemum Throne, replacing his father, Akihito, who had abdicated recently. The sun came out for a morning ceremony at the Imperial Palace in Tokyo, as Naruhito became the 126th Emperor of Japan, the latest in an unbroken line that stretches back 14 centuries.

  • Stepping down of Emperor Akihito brings his “Heisei” era to an end and beginning of new “Reiwa” era with Naruhito’s accession. The term “Reiwa” means “Beautiful Harmony”. 










IMPORTANT DAYS


International Labour Day

International Workers' Day, also known as Workers' Day, Labour Day in some countries and often referred to as May Day is a celebration of labourers and the working classes that is promoted by the international labour movement which occurs every year on 1 May.

  • The day is a celebration of laborers and the working class that is promoted by the international labor movement, socialists, and labour organisations to give a fresh call to labour rights. The theme of International Labour Day this year is "Sustainable Pension for all: The Role of Social Partners".











Click here to read Daily Current Affairs