14th May Current Affairs 2019

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14th May Current Affairs 2019

Daily GK Updates & Current Affairs for Government Exams

WTO Ministerial Meeting Inaugurated In New Delhi

14 May 2019 Current Affairs: World Trade Organisation, WTO ministerial meeting of developing countries began in New Delhi.The meeting will provide an opportunity for the Ministers to discuss various issues and the way forward.

The 16 developing countries and 6 Least Developed Countries (LDCs) are participating in the meeting.Finding a solution to the ongoing impasse in the Appellate Body on an urgent basis.

Issues of importance and priority for developing countries including LDCs in the reform agenda.How to reinvigorate negotiating agenda on issues of critical importance for developing countries? How to ensure effective S&D for all developing countries including LDCs?

NABARD launched Nab Ventures- its maiden fund to give support to agriculture, food, rural startups

14 May 2019 Current Affairs: NABARD (The National Bank for Agriculture and Rural Development), Nab Ventures notified its first time funding termed ‘NAB VENTURES Fund I‘ which is a Rs 700-crore venture capital fund for equity investments to provide support for agriculture, food and rural startups (which would help improve rural livelihoods)

The fund has a proposed corpus of Rs 500 crore has a greenshoe option of Rs 200 crore and has received an anchor commitment from NABARD.

The a forementioned fund is registered with SEBI as a Category II Alternative Investment Fund and would raise the resources from domestic and global investors.

Allahabad Bank reduced 0.05% points in benchmark lending rate

14 May 2019 Current Affairs: State-owned Allahabad Bank announced a reduction in benchmark lending rate by 0.05 percentage points across various tenors. The marginal cost of funds-based lending rate (MCLR) for a one-year loan has been reduced to 8.60% from 8.65% effective May 14.

Around 3.10 lakh families covered under the Mission for Soil Health Card

14 May 2019 Current Affairs: The Agriculture Department of Tamil Nadu reported that around 3,10,464 families have been covered under the Mission for Soil Health Card across the Cuddalore district of Tamil Nadu. In an effort aimed at ensuring quality control of the soil fertility, validation and quality control, work has begun under the mission from April in districts of Tamil Nadu.

The Department of Agriculture has advised farmers to purchase the required chemical fertilizers from the approved retailers based on the recommendation of soil health card so that they can use the fertilizers in a balanced manner, besides reducing the cost of cultivation.

Manchester City retains Premier League football title

Manchester City won the English Premier League football title for a second successive year. Liverpool gained second place in the league. The Manchester City club maintained its dominance by finishing the campaign with 14 straight wins and 98 points.  It clinched the title by beating host Brighton & Hove Albion Football Club (or Brighton FC) with 4-1 on seasons final day This was City’s 4th Premier League title in last eight years. 

LIC Mutual Fund appointed Dinesh Pangtey as CEO

14 May 2019 Current Affairs: LIC Mutual Fund appointed Dinesh Pangtey as the company’s Chief Executive Officer (CEO).

He joined LIC as a direct recruit officer in 1984 .He was Director and CEO at LIC Group’s private equity division LIC HFL AMC. He also served as Regional Manager Marketing channel in Western Zone spanning the states of Maharashtra, Gujarat and Goa.

He has more than 35 years of experience across private equity, life pension, group annuation scheme and insurance sector

A new UN accord signed to include plastic waste in Basel Convention

14 May 2019 Current Affairs: Around 180 governments agreed on a new United Nations (UN) accord to regulate the export of plastic waste, some eight million tonnes of which ends up in the oceans each year. It also undertook to eliminate two toxic chemical groups, Dicofol, and Perfluorooctanoic Acid, plus related compounds. The Geneva meeting amended the 1989 Basel Convention on the control of hazardous wastes to include plastic waste in a legally-binding framework.

About 1,400 representatives from almost every country in the world met for 12 days of discussions at a United Nations Environment Program (UNEP) meeting in Geneva, Switzerland.

Except for the United States, about 180 governments, agreed to the deal to include plastic waste in a legally-binding framework. Even though the U.S. and a few others have not signed the accord, they cannot ship plastic waste to countries that are on board with the deal. This is a move to quickly reduce the amount of plastic being washed into the world’s oceans.

uvika 2019, ISROs Young Scientist Programme inaugurated

14 May 2019 Current Affairs: ISRO Chairman Dr. K. Sivan inaugurated Yuvika (Yuva VIgyani KAryakram) 2019, ISRO’s Young Scientist Programme, at Satish Dhawan Space Centre (SDSC) SHAR, Sriharikota in Andhra Pradesh. As many as 110 teenagers are participating in the YUVIKA 2019. It is a two-week summer vacation residential training program which will be conducted by ISRO from 13 May to 26 May 2019.

They are the first batch of young scientists of Yuvika (Yuva Vigyani Karyakram) that the Indian Space Research Organisation plans to hold every year. The chosen Class 9 students will spend the time visiting four centers of ISRO.

It was launched by ISRO in tune with the Centre governments vision of Jai Vigyan, Jai Anusandhan. This is the first time it is being held. Yuvika focusses on one such important area and would inculcate a scientific temper in the students apart from contributing to national integration and nation building.

During the program, participants will also visit Satish Dhawan Space Centre (SDSC), Shriharikota which is spaceport of India. During the programme, students will be provided course material which has already been pre-loaded on Tablets. It includes science topics like Rocket engineering, Environment science, Astronomy, Space applications, Renewable Energy, and also soft skill improvement modules like leadership, teamwork, communication, etc. They will also visit ISRO laboratories and interact with and share the experience with eminent ISRO scientists.

HDFC ERGO General Insurance Company launched Mosquito Disease Protection Policy which will cover people against common mosquito-borne diseases

14 May 2019 Current Affairs: India’s 3rd-largest non-life insurance provider in the private sector, HDFC ERGO General Insurance Company launched a scheme termed ‘Mosquito Disease Protection Policy’ which will cover a person against common mosquito-borne diseases, namely, Dengue Fever, Malaria, Chikungunya, Japanese Encephalitis, Kala-azar, Lymphatic Filariasis and Zika Virus.

These mosquito-borne diseases lead to financial burden due to hospitalization or affect the No Claim Bonus of any conventional Health Insurance.

The policy by HDFC ERGO will cover hospitalization expenses. The policyholder may opt for a huge amount to be paid as a policy benefit on offering the proof of hospitalization. The policy will also pay the beneficiary the sum insured if in case of the policyholder dies due to the disease.

This policy also provides international cover to people and also covers all the vector-borne diseases listed in the policy document.

The policy cover will be available for people between the age of 91 days to 65 years. Along with these benefits, the policyholders will have access to different wellness services, namely, discounts and specialized programs like health tips, diet consultation and other programs offered on the health mobile application of HDFC (Housing Development Finance Corporation Ltd.) ERGO.

Asia-Pacific Diamond Cup 2019: Rahil Gangjee finishes tied 39, Yosuke Asaji won the title

14 May 2019 Current Affairs: Indian Professional golfer Rahil Gangjee finished tied 39th while 23-year-old Viraj Madappa faltered on the final day and ended tied 53rd at the Asia-Pacific Diamond Cup 2019.

Japan’s Yosuke Asaji capped the title  at the Sobu Country Club

Asaji’s winning total of three-under-par 281 also secured him a spot at The 148th Open which will be held at Royal Portrush, Northern Ireland in July 2019. Micah Lauren Shin of the USA shared second place with Japanese amateur RenYonezawa. New Zealand’s DanzelIeremia and Korea’s Y E Yang were tied for fourth place.

CSIR scientists sequence Asiatic lion genome for the first time

14 May 2019 Current Affairs: For the first time, the entire genome of the Asiatic lion, an endangered species, has been sequenced by scientists from CSIR-Centre for Cellular and Molecular Biology, Hyderabad. As the population of the endangered Asiatic lion is very low, only 523 animals are present in the Gir forests, the genome sequencing would enable scientists to develop specific markers to study population genetics and get newer insights into its population status and subsequent management.

Comparative analysis with other fields and mammalian genomes unraveled the evolutionary history of the Asiatic lion and its position among other felids. The study noted that the evaluation of genetic diversity placed the Asiatic lion in the lowest bracket of genomic diversity index highlighting the gravity of its conservation status. The genome is estimated to be 2.3 Gb (Gigabase) long and is found to have 20,543 protein-coding genes.

The genome sequencing of Asiatic lions would enable scientists to better understand their evolution. Until now only partial genomic information of African lion is available. Therefore comparative genomics between both African lion and Asiatic lions can only be undertaken once a complete genome of the African lion is sequenced. Therefore, once a complete genome of African Cheetah, Royal Bengal tiger, and Jaguar will be available, the comparative studies of all these big cats would be possible.

This signifies that the final objective of scientists is to understand species at the DNA level and study that if there are any specific problems with regard to the adaptability of Asiatic Lion to environment or behaviour.