Current Affairs Current Affairs May 2019

  Sammy Shore, an actor and stand-up comedian who co-founded the Comedy Store,passed away. He was 92. Shore co-founded The Comedy Store with screenwriter and actor Rudy de Luca in 1972.
Source- BBC News

  As per the report by the United Nations, India’s economy is projected to grow at 7.1% in the fiscal year 2020 on the back of strong domestic consumption and investment. Indian economy expanded by 7.2% in 2018. According to the report, GDP growth is a downward revision from the 7.4% estimated in January 2019. The World Economic Situation and Prospects (WESP) 2019 Mid-year Update noted that growth projections for 2019 have been revised downward in all major developed economies.
Source- News on AIR

  Indian Space Research Organisation (ISRO) has successfully launched the ‘RISAT-2B’ Satellite from the Sriharikota’s, Satish Dhawan Space Centre, SHAR. The Polar Satellite Launch Vehicle (PSLV-C46) lifted-off from the First Launch Pad and injectedRISAT-2B into an orbit of 556 km, about 15 minutes and 25 seconds after lift-off. The RISAT-2B is a radar imaging earth observation satellite, weighing about 615 kg. The satellite is intended to provide services in the field of agriculture, forestry and disaster management. The all-weather, radar imaging satellite has the capability to observe and image the earth from about 500 kms.
Source- The Hindu

  As per Election Commission of India, the 2019 Lok Sabha elections witnessed a voter turnout of 67.10% (interim), which is the highest ever voter turnout in the history of general elections. The previous highest voter turnout of 66.44% was recorded in 2014. The seven-phase 2019 elections began on April 11 and concluded on May 19, with counting scheduled for Thursday.
Source- The Livemint

  The World Bank and the Commonwealth Bank of Australia (CommBank) have teamed up to enable recording of secondary market bond trading using blockchain tech. The institutions announced that their successful recording of a secondary transaction for bond-i, a blockchain-operated debt instrument, on a distributed ledger shows the “vast potential” of the technology, and marks the first bond to have both issuance and trading recorded on a blockchain platform.
Source- Coindesk

 An author from Oman, Jokha Alharthi has won the prestigious Man Booker International Prize for “Celestial Bodies”, the story of three sisters of a desert country confronting its slave-owning past and a complex modern world. Jokha Alharthi, the first Arabic-language writer to take the prize, will split the 50,000 pounds or 64,000 US dollar purse with her UK-based translator, Marilyn Booth. The prize is a counterpart to the Man Booker Prize for English-language novels and is open to books in any language that has been translated into English.
Source- News on AIR

 The Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline meeting was held in Ashgabat, Turkmenistan. The groundbreaking of the TAPI gas pipeline will be held in Pakistan in October 2019. The TAPI gas pipeline project is expected to be completed by 2022 in Pakistan. Once completed; Pakistan is expected to receive 1.320 billion cubic meters (bcm) of natural gas. The TAPI project, supported by the United States and the Asian Development Bank (ADB), has been touted by Turkmenistan since the 1990s.
About TAPI Gas Pipeline in Brief- The Turkmenistan–Afghanistan–Pakistan–India Pipeline, also known as Trans-Afghanistan Pipeline, is a natural gas pipeline being developed by the Asian Development Bank (ADB). On 24 April 2008, Pakistan, India and Afghanistan signed a framework agreement to buy natural gas from Turkmenistan. The intergovernmental agreement on the pipeline was signed on 11 December 2010 in Ashgabat, Turkmenistan.
Source- ANI News

 Social media giant Facebook has apparently formed a new financial tech firm, Libra Networks LLC, in Geneva, Switzerland. Libra Networks was registered in Geneva by Facebook Global Holdings II LLC. Facebook registered the trademark “Libra” with the United States Patent and Trademark Office back in June, which was reportedly part of its secretive in-house crypto project.
Source- cointelegraph

  Ride-hailing company Ola has launched Ola Money SBI Credit Card in partnership with SBI Card, one of India’s largest credit card issuers. Powered by Visa, the Bangalore-based company aims to provide a flexible and convenient payment system alongside several benefits to its customers. Ola is targeting 10 million Ola Money SBI Credit Cards by 2022.
Source- Business Standard

  The UN General Assembly proclaimed 22 May, the date of the adoption of its text, as the International Day for Biological Diversity on 20 December 2000. The theme for International Day for Biological Diversity 2019 is ‘Our Biodiversity, Our Food, Our Health’. 
Source- The United Nations


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