10th May Current Affairs 2019
Daily GK Updates & Current Affairs for Government Exams
WTO Ministerial Meeting of Developing Countries to Held New Delhi
10 May 2019 Current Affairs: WTO Ministerial meeting of developing countries is being hosted by India in New Delhi on 13-14 May 2019.
Sixteen developing countries, Six Least Developed Countries (LDC)(Argentina, Bangladesh, Barbados, Benin, Brazil, Central African Republic (CAR), Chad, China, Egypt, Guatemala, Guyana, Indonesia, Jamaica, Kazakhstan, Malawi, Malaysia, Nigeria, Oman, Saudi Arabia, South Africa, Turkey, Uganda)and DG, WTO are participating in the meeting.
Ministers from Bangladesh, CAR and South Africa have confirmed their participation. Vice Ministers, senior officials and ambassadors willbe representing other countries. The two-day meeting will be interactive in order to provide an opportunity to the Ministers to discuss various issues and the way forward.
On the first day, there will be a meeting of senior officers of the participating countries followed by a dinner hosted by Union Minister of Commerce & Industry for the heads of delegations.
WHO partnered with IFBA to eliminate industrially produced trans fat (iTFA) from food supply worldwide by 2023
WHO (World Health organization) collaborated with the International Food and Beverage Alliance (IFBA) to eliminate industrially produced trans fat (iTFA) from food supply worldwide by 2023. Trans fat-intake leads to coronary heart disease, due to which globally 5,00,000 deaths occur every year. Dr Tedros Adhanom Ghebreyesus, Director-General of WHO had a meeting with the IFBA representatives, that included CEOs (chief executive officers) from around 12 companies comprising IFBA.
Modi beats Trump; Narendra Modi second most followed politician globally on social media
10 May 2019 Current Affairs: Digital marketing platform SEMrush reported that Indian Prime Minister Narendra Modi is the most-followed politician in the world on social media with a total audience of 110.9 million on platforms including Facebook, Twitter, and Instagram. Former US President Barack Obama was ranked first with 182.7 million followers.
US President Donald Trump, who has 96 million followers, is the second second-most followed politician on the American online news and social networking service, Twitter.
Modi has collected over 43 million followers on Facebook, more than 20 million followers on Instagram and 47 million followers on Twitter.
Bank credit grows 13.2 percent in 2019 financial year
Bank credit grew by 13.2% in the financial year 2018-19 as compared to 10.3% in the previous financial year, mainly aided by loans to services and retail sector. Deposit growth also gained momentum, growing by 10% as compared to 6.7% a year ago. Banks typically tend to push for more loan disbursement and also try to get more deposits ahead of the end of a financial year to shore up their balance sheet and meet year-end targets.
Former SC Judge KS Radhakrishnan appointed member of Commonwealth Secretariat Arbitral Tribunal
10 May 2019 Current Affairs: KS Radhakrishnan appointed as a member of Commonwealth Secretariat Arbitral Tribunal (CSAT) for a term of 4 year. Headquarter of the CSAT is in London. He had earlier served as a Supreme Court judge from November 2009 to May 2014. He has also served as the Chief Justice of the High Courts of Gujarat and J&K.
Some of the famous cases dealt by Justice Radhakrishnan as a Supreme Court judge are the Securities Exchange Board of India (SEBI) vs. Sahara Case, Jallikattu Case in 2014 and National Legal Service Authority (NALSA) Case which ruled that the transgender persons should be recognized as a third gender
Talocity to enable Touchless hiring for Yes Bank
Artificial Intelligence based HR solutions provider, Talocity will provide Yes Bank its touchless technology in hiring process for Yes bank. This is done to enhance the hiring process and to attain high-quality talent. In the process of recruitment, candidates are interviewed by an AI bot on a one-way video platform. Talocity’s machine learning and AI capabilities will create personality report of each job applicant.
Australian flight carrier, Qantas operated worlds first zero-waste flight
10 May 2019 Current Affairs: Australian flight carrier, Qantas operated the world’s first zero-waste commercial flight named QF739 from Sydney to Adelaide which disposed of all waste through compost, reuse or recycles.
This airline has substituted over 1000 single-use plastic items with more environment-friendly items which have helped the airline to achieve zero-waste during a commercial flight.
The Australian airline Qantas has planned to eliminate 100 million single-use plastics by the end of 2020 and also to reduce 75% of airline’s waste by the end of 2021.
Iceland researchers found methods to turn CO2 to rock for cleaner air
10 May 2019 Current Affairs: The 21st-century alchemists are transforming carbon dioxide into the rock for eternity in Iceland’s volcano country, cleaning the air of harmful emissions that cause global warming.
The technology mimics, in an accelerated format, a natural process that can take thousands of years, injecting CO2 into porous basalt rock where it mineralizes, capturing it forever. In Iceland, at least half of the energy produced comes from geothermal sources.
The plant, located on the Hengill volcano in southwestern Iceland, sits on a layer of basalt rock formed from cooled lava and has access to virtually unlimited amounts of water. The geothermal plant pumps up the water underneath the volcano to run six turbines providing electricity and heat to the capital, Reykjavik, about 30 km away.
The CO2 from the plant is meanwhile captured from the steam, liquified into condensate, then dissolved in large amounts of water. The fizzy water is piped several kilometres to an area where grey, igloo-shaped domes dot a lunar-like landscape. Here the fizzy water is injected under high pressure into the rock 1,000 metres under the ground.
The solution fills the rock’s cavities and begins the solidification process, a chemical reaction that occurs when the gas comes in contact with the calcium, magnesium and iron in the basalt. Almost all of the injected CO2 was mineralised within two years in the pilot injection.
Iran partially withdrew from JCPOA
10 May 2019 Current Affairs: Iran announced it will pull out of some commitments under 2015 international nuclear agreement signed with world powers, called Joint Comprehensive Plan Of Action (JCPOA).
Iran said it will stop suppressing its stocks of enriched uranium and heavy water, as these are needed by certain types of the reactor for nuclear fission to take place.
It mentioned that such actions are required from Iran as the European Union (EU) and other countries did not have the power to resist US pressure. The move is to secure Iran’s rights and bring back the balance after the United States exited from an agreement in 2018.
CBIC to organise WCO Asia Pacific region meeting in Kerala
Central Board of Indirect Taxes and Customs (CBIC), under the Ministry of Finance, is organizing the World Customs Organisation (WCO) for Asia-Pacific region in Kochi, Kerala from 8th to 10th May 2019. As India currently holds a seat of Vice Chairperson of Asia Pacific region, it is hosting this meeting in this capacity. Pranab Kumar Das, Chairman of CBIC will chair the meeting.
BharatPe launches UPI Bahi Khata for merchants for seamless networking and business expansion
10 May 2019 Current Affairs: India’s first Fintech (Financial technology) start-up enabling payments via interoperable UPI(Unified Payments Interface) QR (Quick Response) codes, BharatPe notified its venture into merchant services by launching a new app UPI Bahi Khata that allows merchants to keep a track of their cash/credit (Udhar) sales customer wise, to request the accounts receivable from customers through SMS (Short Message Service) payment links or through WhatsApp and to record accounts that are payable to suppliers.
The newly launched app also helps the merchants to network and collaborate with other BharatQR merchants near them to expand their businesses.
The major features on BharatPe app for merchants are: UPI Khata (Ledger), Managing Supplier Bills, Cashback, Settlements and Refer and Earn.