Daily Current Affairs : May 12, 2018

Daily Current Affairs like many other sections is inevitable and this also helps to score in the Banking awareness , Static GK and Financial Awareness sections. Remember, Banking Awareness and Static Awareness Questions are asked from the General Awareness section. This will also help you to ride your preparations for the forthcoming exams.

NATIONAL

New committee to be formed to review conduct of everyday business in Rajya Sabha:

• The Chairman of Rajya Sabha Venkaiah Naidu has constituted a 2-member committee to review rules of procedure and conduct of business in the House, particularly those provisions which seem to be inadequate and are not as specific as compared to the rules in Lok Sabha and suggest suitable amendments.
• The committee will be headed by former Secretary General of the Rajya Sabha, Dr V. K. Agnihotri, with retired Joint Secretary and Legislative Counsel, Ministry of Law and Justice to be the other member.

Telangana govt launches scheme to provide Rs. 4,000 per acre each to land-owning farmers:

• The Telangana government introduced Rythu Bandhu, a scheme to provide Rs. 4,000 per acre each to land-owning farmers for rabi and kharif seasons.
• They will also be given ‘Pattadar’ pass books, which the government claims have 17 unique security features, as one single proof of ownership.
• It was flagged off by chief minister K. Chandrashekhar Rao, who distributed 298 cheques to farmers at Huzoorabad mandal in Karimnagar district.
• Beneficiaries will get the amount even if they do not take up farming. The state government has set aside Rs. 12,000 crore in the 2018-19 budget for Rythu Bandhu.

TELANGANA

• Capital: Hyderabad
• Chief Minister: Chandrasekhar Rao
• Governor:  E. S. L. Narasimhan

Stanford University to partner with UP to combat chronic diseases:

• Uttar Pradesh Health Minister Sidharth Nath Singh informed that the United States Stanford University will come in a partnership with the state to combat disease like Japanese Encephalitis (JE) and Acute Encephalitis Syndrome (AES).

UTTAR PRADESH

• Capital: Lucknow
• Chief Minister: Yogi Adityanath
• Governor: Shri Ram Naik

Indian Army’s ‘Vijay Prahar’ Exercise Concludes:

• The Indian Army’s ‘Vijay Prahar’ exercise in which over 25,000 troops of strike formation of South Western Command (SWC) participated concluded.
• The month-long exercise was conducted in the Mahajan Field Firing Ranges of Jaipur close to Suratgarh in Rajasthan.

RAJASTHAN

• Capital: Jaipur
• Chief Minister: Vasundhara Raje
• Governor: Kalyan Singh

India’s longest road-rail bridge to be inaugurated by PM Modi this year:

• In a major boost to defence logistics along the border with China, India’s longest road and railway bridge named “Bogibeel Bridge” connecting Dibrugarh in Assam to Pasighat in Arunachal Pradesh is likely to be inaugurated later this year by Prime Minister Narendra Modi.

• The bridge, which is the second longest in Asia, has three lane roads on top and double line rail below.
• The bridge is 32 metres above the water level of the Brahamaputra and is fashioned on a bridge that links Sweden and Denmark.

Kerala govt to provide free internet to 20 lakh poor families:

• Chief Minister Pinarayi Vijayan, accorded sanction to set up the Kerala Fibre Optic Network Limited, the Joint Venture, to implement the Kerala Fibre Optic Network (K-FON) project.

• The K-FON initiative is being implemented to provide speedy internet connectivity to government offices and educational institutions.
• With the project becoming a reality, over 20 lakh poor families will get free internet service while others will get it at an affordable rate.

KERALA

• Capital: Thiruvananthapuram

• Chief Minister: Pinarayi Vijayan

• Governor: P. Sathasivam

Parliamentary panel to look into black money recovery, performance of public sector banks:

• A parliamentary panel headed by veteran BJP leader Murali Manohar Joshi decided to study the recovery of black money and performance of public sector banks among a host of subjects.

• The 30-member Estimates Committee, in a meeting, decided to study a host of subjects related to various ministries in the year 2018-19.
• As per the memorandum of the committee, the panel will also look into the import of uranium for nuclear plants, mining activities and environment, upgrading of India Post offices and the drought situation in the country among other matters.

INTERNATIONAL

India Pavilion Inaugurated at Cannes Film Festival 2018:

Indian Pavilion at the 71st Cannes Film Festival 2018 was held at Cannes, France.

Hosted by noted actor Shri Sharad Kelkar, the Indian delegation present consisted of H.E. Vinay Mohan Kwatra, Ambassador of India to France, Shri Ashok Kumar Parmar, Joint Secretary, Ministry of I&B.

The Indian pavilion is a very important tool to help connecting the worldwide European and worldwide community of films.

BANKING & BUSINESS

YES Bank to launch water-security programme:

• YES Bank is all set to roll out a capacity building project with farmers in Haryana and Rajasthan under its ‘Livelihood and Water Security’ CSR initiative.

• This initiative is aimed at improving farmers’ access to finance, ensuring effective use of digital banking resources, and imparting good agricultural practices.

YES Bank

Headquarters: Mumbai

CEO: Rana Kapoor

Tagline: Experience our Expertise

APPOINTMENTS & RESIGNS

Munu Mahawar appointed as the next Ambassador of India to the Sultanate of Oman:

• Shri Munu Mahawar (IFS: 1996), presently Joint Secretary at Headquarters, has been appointed as the next Ambassador of India to the Sultanate of Oman.

OMAN:

• Capital: Muscat

• Currency: Omani rial

Sachin Bansal quits Flipkart after Walmart deal:

• Flipkart co-founder Sachin Bansal has exited the business by selling his entire stake of over 5 per cent for around Rs 7,000 crore to Walmart.
• US retail giant Walmart has formally announced that it is buying 77 per cent of Flipkart’s stake for USD 16 billion (Rs 1.02 lakh crore).

FLIPKART:

• CEO: Kalyan Krishnamurthy

• Headquarters: Bengaluru

AWARDS

Prof Muhammad Yunus conferred KISS Humanitarian Award 2018:

• Nobel laureate and noted economist Muhammad Yunus who is the founder of Grameen Bank and known as the Father of Microfinance being honoured with the 11th KISS Humanitarian Award 2018 at a function held in Bhubaneswar, Odisha.
• Prof Yunus is the second Nobel laureate to be conferred the award. Last year it was presented to the 14th Dalai Lama.
• The award was presented by Saswati Bal, President of KIIT and KISS and Achyuta Samanta, its founder.

SPORTS

Rishabh Pant’s 128* highest individual score by an Indian in IPL:

• Rishabh Pant became the highest scoring (128) Indian in the history of the Indian Premier League as Delhi Daredevils took on the Sunrisers Hyderabad at the Feroz Shah Kotla in New Delhi.
• He overtook Murali Vijay’s 127 for Chennai Super Kings versus Rajasthan Royals in 2010.

IMPORTANT EVENTS OF THE DAY

International Nurses Day: May 12th

• International Nurses Day is being observed on May 12th of every year with an aim to mark the nurse’s contribution towards people’s health.

• The Day marks the birth anniversary of founder of modern nursing Florence Nightingale.

• Theme of 2018 is: ‘Nurses: A voice to lead – Health is a Human Right’.

OBITUARY

Former Test cricketer Rajinder Pal passes away:

• Former Delhi cricketer Rajinder Pal (right-arm fast bowler), who had represented the country in one Test match against England in 1964 and was 80, passed away at his Dehradun residence.

Anne V. Coates Dies: Oscar-Winning ‘Lawrence Of Arabia’ Film Editor Was 92:

• British film editor Anne V. Coates, who won an Oscar for David Lean’s epic film Lawrence of Arabia, has died. She was 92.

David Goodall, Australia’s oldest scientist, ends his own life aged 104:

• Australia’s oldest scientist, David Goodall (British-born), 104, has died after choosing to end his life at a clinic in Switzerland.

Aspirants can attend the QUIZ for today’s CURRENT AFFAIRS in the exam format from the link that is mentioned below.

ATTEND – May 12, 2018 – CA QUIZ