Current Affairs Current Affairs May 2018

  Joint Military Exercise SURYA KIRAN-XIII between India and Nepal will be conducted at Pithoragarh, Uttarakhand. The exercise will comprise of nearly 300 soldiers from both Indian and Nepal Army who would be sharing their experiences gained during the conduct of various counter-insurgency and counter-terrorism operations in the past.
Exercise SURYA KIRAN is a biannual event which is conducted alternatively in Nepal and India.  The aim of this exercise is to conduct battalion level joint training with emphasis on counter-terrorism operations in mountainous terrain.
Source- Press Information Bureau (PIB)
   

 Prime Minister of the Kingdom of Netherlands Mark Rutte has arrived in India for a two-day official visit. Rutte is scheduled to meet a Business Delegation at Hotel Taj Diplomatic and then participate in the Clean Ganga Event. Prime Minister Narendra Nodi will meet with Mark Rutte at Hyderabad House. Rutte will also attend a CEO roundtable conference at the Hyderabad House.
Source- ANI News
   

 NITI Aayog and Sushant Singh Rajput have decided to collaborate towards promoting two major initiatives of NITI Aayog, promotion of BHIM and the Women Entrepreneurship Platform. Mr Rajput had entered into an agreement with NITI Aayog. The agreement would be signed by Shri Rajput with Ms Anna Roy, Adviser, NITI Aayog in the presence of Shri Amitabh Kant, CEO, NITI Aayog.
Source- Press Information Bureau (PIB)

  Bank of Baroda has successfully located most of its operational activities at a shared service centre (SSC) at the GIFT City near Ahmedabad. The bank will now offer its services including retail loan processing, deposit account opening, forex and call center from the SSC, which will have a staff strength of 200.
The bank will thus become one of the largest employers in the Ahmedabad-Gandhinagar region. The bank had taken 20,000 sq, ft of office space in GIFT City, making it the first Indian bank to move several key operations to the smart city.
Source- The Hindu Business Line
 

  Star South African batsman AB de Villiers has announced his decision to retire from international cricket with immediate effect. In his 14-year career, he played 114 Tests, 228 One-Day Internationals (ODI) and 78 T20 Internationals. 
Some of the Phenomenal Records of ABD are: The World Record for the fastest ODI 50 (16 balls), 100 (31 balls) and 150 (64 balls), the second highest individual Test score for South Africa (278*), the highest points (935) by a South African on the ICC Test rankings and has claimed the coveted SA Cricketer of the Year award twice (2014 and 2015).
Source- Sports24
   

   The Union Cabinet chaired by Prime Minister Shri Narendra Modi has given the following set of approvals. The important Cabinet Approvals are given as follows- The Cabinet has approved- 1. MoU between India and Angola for promoting bilateral cooperation in the field of Electronics and Information Technology.2. MoU signed between India and France in the field of Renewable Energy.3. MoU between India and Denmark on Food Safety Cooperation.4. MoU between India and Morocco on India-Morocco cooperation in Renewable Energy.5. MoU between India and Turkey on trade in poppy seeds to ensure quick and transparent processing for import of poppy seeds from Turkey.6. MoU between India and Singapore on Cooperation in the field of Personnel Management and Public Administration.7. Provision of mobile connectivity in Left Wing Extremism Areas.8. Universal Service Obligation Fund (USOF) scheme for the provision of mobile services in Meghalaya under Comprehensive Telecom Development Plan (CTDP) for North Eastern Region.
Source- Press Information Bureau (PIB)
   

   
India's Multi Commodity Exchange had launched the country's first copper options contracts. Three contracts with a lot size of 1 tonne were launched. The option contract will provide physical market participants an additional instrument to hedge their risk.
Source- The Economic Times
     

 The Union Finance Ministry has tied up with 40 entities including Flipkart, Swiggy, Patanjali and Amul for extending loans to small entrepreneurs under the Pradhan Mantri Mudra Yojana (PMMY). In order to identify people who can be given funds under the Pradhan Mantri Mudra Yojana (PMMY), the ministry has organised an event in Mumbai to extend loan under the scheme. The CEOs of various Banks, senior officials in the rank of MD or CEO from Oil Companies, Railway Board would be part of the event.
Source- Business Standard

  The JD(S)-Congress coalition government head HD Kumaraswamy was sworn-in as the New Chief Minister of Karnataka. Governor Vajubhai Vala administered the oath of office and secrecy to Kumaraswamy. Congress Leader G. Parameshwara was sworn in as Deputy Chief Minister. There are 221 elected members in the Legislative Assembly, and the coalition partners have 117 members, including one BSP and two independents.
Source- DD News

  State-run power equipment maker Bharat Heavy Electricals Ltd (BHEL) has appointed Pravin L. Agrawal as a part-time official director on its board. An Indian Forest Service officer, Agrawal is presently joint secretary in the Department of Heavy Industry (DHI), Ministry of Heavy Industries and Public Enterprises.
Source- The Moneycontrol


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