National
News
1. Important Cabinet Approvals- 23rd May
2018
i. 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-
ii. 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.
Find the Complete List of Approvals Here
ii. 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.
Find the Complete List of Approvals Here
2. MCX Launches India's 1st Copper Options
i. 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.
ii. The option contract will provide physical market participants an additional instrument to hedge their risk.
ii. The option contract will provide physical market participants an additional instrument to hedge their risk.
Static/Current Takeaways Important for NABARD
Grade-A Exam 2018-
·
The Managing
Director of MCX is Mrugank Paranjape.
3. Finance Ministry Ties Up With 40
Companies Under Mudra Scheme
i. 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).
ii. 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.
ii. 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.
Static/Current Takeaways Important for NABARD
Grade-A Exam 2018-
·
PMMY was
launched by Prime Minister Narendra Modi on April 8, 2015, for providing loans
of up to Rs 10 lakh to the non-corporate, non-farm small/micro enterprises.
4. Minimum Compensation of Rs1 crore To
Paramilitary Jawan Who Dies In Action
i. Home
Minister Rajnath Singh has
announced that the family of a paramilitary jawan who dies in
action will be given a minimum compensation of one crore rupees.
ii. The Home Minister presented gallantry awards
to BSF jawans and officers.
Static/Current
Takeaways Important for NABARD Grade-A Exam 2018-
·
The Border
Security Force came into existence on 01 Dec 1965, and Mr K F Rustamji was the
1st chief and founding father.
·
BSF
Headquarters in New Delhi.
·
KK Sharma is
the present Director General of BSF.
Appointments
5. Pravin Agrawal Appointed BHEL Director
i. State-run
power equipment maker Bharat Heavy Electricals Ltd (BHEL) has appointed Pravin L. Agrawal
as a part-time official director on its board.
ii. An Indian Forest Service officer, Agrawal is presently joint secretary in the Department of Heavy Industry (DHI), Ministry of Heavy Industries and Public Enterprises.
ii. An Indian Forest Service officer, Agrawal is presently joint secretary in the Department of Heavy Industry (DHI), Ministry of Heavy Industries and Public Enterprises.
6. HD Kumaraswamy Took Oath as New Karnataka CM
i.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.
ii. 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.
ii. 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.
Banking News
7. Bank of Baroda Locates Major
Operations at GIFT City
i. Bank of
Baroda has successfully located
most of its operational activities at a shared service centre (SSC) at
the GIFT City near Ahmedabad.
ii. 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.
ii. 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.
Static/Current Takeaways Important for NABARD
Grade-A Exam 2018-
·
P. S.
Jayakumar is the MD and CEO of Bank of Baroda.
·
It headquarters
in Vadodara, Gujarat.
Awards
8. English Translation of Polish Novel
‘Flights’ Wins Man Booker Prize
i. Polish
author Olga Tokarczuk has
won the Man Booker International Prize for her novel ‘Flights’. The
novel, translated by Jennifer Croft, interweaves narratives of
travel with explorations of the human body.
ii. It bagged the 67,000 US dollar prize after topping a shortlist of six titles, with Tokarczuk becoming the first Polish writer to win the award. The head judge of the awards was Lisa Appignanesi.
ii. It bagged the 67,000 US dollar prize after topping a shortlist of six titles, with Tokarczuk becoming the first Polish writer to win the award. The head judge of the awards was Lisa Appignanesi.
Static/Current Takeaways Important for NABARD
Grade-A Exam 2018-
·
The Man
Booker International Prize celebrates the English translations of works of
international literature.
·
In 1971,
V.S. Naipaul’s novel In a Free State was the first book by an Indian novelist
to win the Booker.
Sports
9. AB de Villiers Retires From
International Cricket
i. 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.
ii. 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.
9.Manika
Batra, Mirabai Chanu Sign Up With IOS Sports
Manika Batra |
i.
Commonwealth gold medal winning table tennis star Manika Batra and weightlifter
Mirabai Chanu have signed
multi-year agreements with sports management firm IOS.
ii. IOS will now manage their endorsements, appearances, brand profiling, patents, licensing and digital rights, images, and visibility on social networking sites. With this deal, Manika and Mirabai join the likes of boxing stars MC Mary Kom, Vijender Singh and Saina Nehwal on the IOS roster.
ii. IOS will now manage their endorsements, appearances, brand profiling, patents, licensing and digital rights, images, and visibility on social networking sites. With this deal, Manika and Mirabai join the likes of boxing stars MC Mary Kom, Vijender Singh and Saina Nehwal on the IOS roster.