Current Affairs May 26 , 2017 – India’s first underwater rail tunnel completed ahead of schedule


BHEL commissions 270 MW thermal unit in Maharashtra

State-run power equipment maker BHEL has commissioned a 270 megawatt (MW) thermal unit at Sinnar in Nashik district of Maharashtra. The newly commissioned unit is the part of Rattan India Nasik Power Ltd’s 5×270 MW thermal power project.

    • BHEL Headquarter: New Delhi

CMD: Atul Sobti

Founded: 1964

 India’s first underwater rail tunnel completed ahead of schedule:

The country’s first underwater rail tunnel that connects Howrah, West Bengal to Salt Lake in Kolkata. The construction of first underwater rail tunnel is completed ahead of the scheduled deadline on July 2017.

The Construction of the tunnel was jointly undertaken by Afcons Transtonnelstroy and Kolkata Metro Railway Corporation Ltd.

Puducherry government presents tax-free budget for 2017-2018:

Chief Minister V. Narayanasamy presented a Rs. 6,945 crore tax-free budget for Puducherry for the fiscal year 2017-2018.

Budget Highlights:

  • Total budget outlay of Rs. 6,945 crore comprises Rs. 4,445 crore for non-plan head and Rs. 2,500 crore under plan.
  • The contribution from Puducherry government’s own resources is estimated at Rs. 4,022 crore and the Central assistance of Rs. 1,411 crore.
  • A Grant Under the centrally-sponsored schemes (CSS) including the Central Road Fund (CRF) has been estimated at Rs. 361 crore.
  • Remaining Amount of Rs. 1,151 crore would be met through open market borrowing and also from other financial institutions.

Cabinet approved new AIIMS in Kamrup:

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for establishment of new AIIMS at Kamrup, Assam. The cost of the project is Rs. 1,123 crore and it will be set up under the Pradhan Mantri Swasthya Suraksha Yojana (PMSSY).

Goa Marathi Film Festival from June 16:

The Tenth edition of Goa Marathi Film Festival, scheduled to be held from June 16 to 18, will showcase fashion designer “Vikram Phadnis” directorial debut ‘Hrudayantar’.
It is an emotional drama that explores the marital crisis of a couple through turbulent times.



India-Singapore joint naval exercise concludes:

The maritime exercise “SIMBEX-17” between the Indian Navy and the Republic of Singapore Navy (RSN) has come to an end. It also displayed the maiden participation of Singapore’s F-15SG fighter jets.

The exercise was held at “RSS Singapura-Changi Naval Base” and a sea phase in the South China Sea.

Omar Hegazy is the First Egyptian to Ever Swim from Jordan to Egypt:

Omar Hegazy has become the first amputee to swim from Egypt to Jordan, crossing a 20-kilometre (12.4 miles) stretch of the Red Sea’s Gulf of Aqaba in under nine hours.


  • Capital: Cairo
  • Currency: Egyptian pound
  • President: Abdel Fattah el-Sisi


Capital: Amman

Currency: Jordanian dinar

Prime Minister: Hani Al-Mulki

Socialist Lenin Moreno sworn in as Ecuador president:

    Lenin Moreno was sworn in as President of Ecuador, pledging to continue the left-wing policies of his Outgoing President Rafael Correa.



  • Capital: Quito
  • Currency: United States dollar (USD)

US propose $800 mn coalition support for Pakistan:

The US President Donald Trump administration has proposed to give Pakistan $ 800 million as reimbursement for its military and logistical support in counter-terrorism operations in the next fiscal year.


43rd G7 Summit in Italy:

The 43rd G7 summit would be held on 2 days summit (May 26–27), 2017 in Taormina, Sicily, Italy. The G-7 leaders are US, Britain, Canada, France, Germany, Italy, and Japan.



Banking & Business

Dhaka, Mumbai top cities among world crowded city index:

Two Indian cities, Mumbai and Kota have been named among the world’s most crowded city in a list topped by Dhaka from the report of World Economic Forum (WEF) citing UN Habitat data.

Rank Index:

Dhaka (Bangladesh) -1st place, Kota (Rajasthan) – 7th place

Mumbai– 2nd place, Medellin (Columbia) – 3rd place

SBI announced National Hackathon:

State Bank of India has launched a National Hackathon for developers, Start-ups and students. The main aim to launch National hackathon is to come up with innovative ideas and solutions for the banking sector.

The hackathon has named as “Code For Bank”. It will start from June 6, 2017 and ends on June 20, 2017.

RIL leads 58 Indian firms in Forbes Global 2000 list:

Mukesh Ambani-led Reliance Industries (RIL) is the highest ranked Indian firm in Forbes magazine’s ‘Global 2000’ list this year. The number of Indian companies in 2017 rising to 58 from last year’s 56. Reliance Industries is followed by State Bank of India ranked 244 this year (149 last year), and state-run oil explorer ONGC ranked 246 (220 last year).

Four other Indian banks, HDFC Bank (258), ICICI Bank (310), Axis Bank (463) and Kotak Mahindra Bank (744) are among the top 20 Indian companies in the overall list.

Export Development Canada grant $215 million to Idea:

    Export Development Canada has provided a loan of $215 million to the Aditya Birla Group’s telecom arm Idea Cellular. It will help India’s No. 3 mobile phone company to restructure its long term debt and lower finance costs.


Rajan Anandan as new chairman of IAMAI:

    The Internet and Mobile Association of India (IAMAI) has appointed Google India managing director and angel investor Rajan Anandan as its new chairman.

Deep Kalra, chairman and group CEO of online travel agent MakeMyTrip, is the new vice-chairman of the IAMAI. Anandan will be taking over from FreeCharge co-founder and chairman Kunal Shah.


  • IAMAI Founded : 2004
  • Headquarter: Mumbai, India
  • President:  Dr. Subho Ray

Josephine has been appointed as women’s panel chief:

The Central committee member and Mahila Association all-India vice president M.C. Josephine has been appointed as chairperson of the Kerala State Women’s Commission. M.S. Thara has been appointed as member of commission.



Bilal Irshad became the first player to score a triple century in a one-day match:

Pakistan cricketer Bilal Irshad created history as he became the first player to score a triple century in a one-day match.

He smashed 320 off 175 balls for his local club Shaheed Alam Bux Cricket Club in the game against Al Rehman CC in the Fazal Mahmood Inter-club Cricket Championship.

Saurabh clinches air pistol bronze:

Saurabh Chaudhary won the bronze medal in air pistol in the 27th Meeting of Shooting Hopes International Competition in Plzen, Czech Republic.