Home Current Affair 30TH  May Current Affairs 2019

30TH  May Current Affairs 2019

30TH  May Current Affairs 2019

Daily GK Updates & Current Affairs for Government Exams

May 28 observed as World Hunger Day

30 May 2019 Current Affairs: World Food Day is celebrated every year around the world on 16 October in honor of the date of the founding of the Food and Agriculture Organization of the United Nations in 1945.

The day is celebrated widely by many other organizations concerned with food security, including the World Food Programme and the International Fund for Agricultural Development.

Theme: The theme for World Hunger Day 2019 is Sustainability.

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RBI set up task force for secondary market in corporate loans

The Reserve Bank of India (RBI) constituted a task force to suggest policy and regulatory interventions required for the development of a secondary market in corporate loans, including loan transaction platform for stressed assets. The six-member body, headed by Canara Bank chairman T. N. Manoharan, has been set up to review the existing state of the market for loan sale/transfer in India as well as international experience in loan trading. 

RBI constitutes a committee for Housing Finance Securitisation Market

30 May 2019 Current Affairs: The Reserve Bank of India (RBI) constituted a committee to review the existing state of mortgage securitisation in India and suggest measures to deepen it. The six-member committee on Development of Housing Finance Securitisation Market is headed by Harsh Vardhan, Senior Advisor, Bain & Co.

India’s first all woman crew flies Mi – 17 V5 medium lift helicopter

Three women officers of Indian Air Force were part of India’s first all-women crew to fly a medium-lift helicopter Mi-17 V5.  Flight Lieutenant Parul Bhardwaj (Captain), Flying Officer Aman Nidhi (co-pilot) and Flight Lieutenant Hina Jaiswal (Flight Engineer) were three women IAF officers flew the chopper, which took off from a forward air base in South Western air command. All three women officers flew a Mi-1 7 V5 helicopter for Battle Inoculation Training mission.

India moves up to 43rd in competitiveness; Singapore tops chart

India secured 43rd rank in the most competitive economy across the world and Singapore topped the chart by toppling the US from the first position and Hong Kong SAR ranked 2nd place as same as last year. The US ranked 3rd in the ranking. Switzerland ranked 4th in the ranking. UAE first time entered into the top 5 rankings. Last year in 2018 UAE ranked 7th. Venezuela ranked last in the rankings due to high inflation, poor access to credit and a weak economy.

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Bandhan Bank plans to open 16 more branches by June

City-based Bandhan Bank plans to open 16 more branches by June following the approval received from the Reserve Bank of India in 2018-19 to open 64 new branches. 48 branches were opened by March 2019 and the remaining branches would be opened this quarter. The Bank also plans to open a branch at Boral in South 24 Parganas and in West Bengal.

NSIC signed MoU with the Ministry of MSME for 2018-19 financial year

30 May 2019 Current Affairs: The National Small Industries Corporation Limited (NSIC) signed a Memorandum of Understanding (MOU) with the Ministry of Micro, Small and Medium Enterprises (MSME) for the year 2018-19. The MOU was signed by Ram Mohan Mishra and Arun Kumar Panda in the presence of Alka Nangia  Arora, Joint Secretary, SME; Mercy Epao, Director (SME); P Udaya Kumar, Director, P&M, NSIC, and A.K. Mittal, Director, Finance, NSIC.

The MoU envisages provision of enhanced services by NSIC under its marketing, financial, technology, and other support services schemes, for MSMEs in the country.

Zaidi wins USD 100,000 Nine Dots Prize

30 May 2019 Current Affairs: Mumbai-based Writer Annie Zaidi was announced as the 2019 winner of the $100,000 Nine Dots Prize, an award for creative thinking that tackles contemporary societal issues. She won the prize for her entry titled ‘Bread, Cement, Cactus’, a piece that combined memoir and reportage to explore concepts of home and belonging.

Her proposed book, based on the prize-winning essay, will be published in May 2020 and will examine how a citizen’s sense of home might collapse, or recover. The varied themes it will address include the politics and economics of death in India, the crossing of caste and religious lines in a marriage, and the Partition of India as a great cultural and emotional sundering.

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US removed India, Switzerland from its currency monitoring list

30 May 2019 Current Affairs: US Government removed India and Switzerland from its currency monitoring list US Government has removed India and Switzerland from its currency monitoring list. The monitoring list includes countries with potentially questionable foreign exchange policies and practices currency manipulation. It is prepared by the US Treasury Department.  India had a significant trade surplus while Switzerland had a material current account surplus.  In its semi-annual report to US Congress on International Economic and Exchange Rate Policies, the Treasury Department removed India and Switzerland from the list.

Criteria:

  1. Countries with a current-account surplus equivalent to 2% of the Gross Domestic Product(GDP) are eligible for the list, according to modifications made in the new list, down from 3% earlier.
  2. repeated intervention in the currency markets
  3. a trade surplus with the US of at least $20 billion

Muhammadu Buhari sworn in as the president of Nigeria for the second term

Muhammadu Buhari sworn in for a second term as Nigeria’s president. He is a former military ruler, won 56 percent of the votes to defeat his main challenger, former Vice President Atiku Abubakar of the Peoples’ Democratic Party (PDP) in the February election. According to Transparency International’s 2018 Corruption Perceptions Index, Nigeria failed to improve its ranking of 144th out of 180 countries from the previous year, despite a number of positive steps.

Saudi Arabia lifts export ban on fruits and vegetable from Kerala

30 May 2019 Current Affairs: Saudi Arabia lifted export ban on fruits and vegetables from Kerala. In June 2018, the ban was imposed due to the outbreak of Nipah virus.

Saudi Arabian authorities had communicated this information to the state in the second week of May and it has led to the commencement of direct exports from the 3 airports. Kozhikode airport exports 20 tonnes of fruits and vegetables per day worth $50,000 to various destinations in Saudi.

Other 2 airports of Kochi and Thiruvananthapuram export the items to Dammam, Riyadh and Jeddah airports. The major items of export at present are mangoes such as Alphonso, Banganapalle, followed by banana and pineapple.

Kerala exports around 150 tonnes of perishable commodities to gulf countries. It alone exports 30-40 tonnes to Saudi Arabia.

 

 

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