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5th May Current Affairs 2019 | Daily GK Updates | Current Affairs for Government Exams

5th May Current Affairs 2019

Daily GK Updates & Current Affairs for Government Exams

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World Laughter Day is celebrated on the first Sunday of May of every year

05 May 2019 Current Affairs: World Laughter Day is celebrated on the first Sunday of May of every year. The first celebration was on May 10, 1998, in Mumbai, India. The celebration of World Laughter Day was meant to be a positive manifestation for world peace and to build up a global consciousness of brotherhood and friendship through laughter and run-on sentences. Its popularity has grown exponentially with that of the Laughter Yoga movement, which is now counting over 6000 Laughter Clubs worldwide on all 5 continents.

World Laughter Day was created in 1998 by Dr. Madan Kataria, founder of the worldwide Laughter Yoga movement. Laughter Yoga movement in part by the facial feedback hypothesis, which postulates that a person’s facial expressions can have an effect on their emotions. World Laughter Day is now celebrated in every year in most large cities around the world. Hundreds of people gather worldwide on that day to laugh together.

World Press Freedom Prize 2019 awarded to Myanmar Journalists

05 May 2019 Current Affairs: The World Press Freedom Prize also known as UNESCO/Guillermo Cano World Press Freedom Prize 2019 is formally conferred every year by Director-General of UNESCO, on occasion of World Press Freedom Day observed on 3 May. In 2019 award would be shared by two jailed Myanmar journalists Wa Lone and Kyaw Soe Oo who reported on alleged human rights violations in the state of Rakhine, Myanmar. The Reuters reporters are serving a seven-year prison sentence in Myanmar. They are charged with breaking the country’s secrets law for their journalistic investigation on the military’s brutal crackdown and killings of Rohingya Muslims in Rakhine state.

LIC HFL initiated UDYAM-a skill development centre for marginalized youth in Bangalore

05 May 2019 Current Affairs: As a part of Corporate Social Responsibility (CSR), LIC Housing Finance Ltd (LIC HFL) in association with Lok Bharti Education Society unveiled a skilling centre named “UDYAM” in Bangalore, which will provide skill development training to marginalized youth in the sectors of BFSI, Retail and IT/ITES.

Currently it has been launched in Delhi and Bangalore and later on be expanded to other cities. With an objective to empower youths of this country, LIC Housing Finance Ltd (LIC HFL) launched ‘UDYAM’, a skilling centre in Bangalore for marginalized youth. It has been launched in association with Lok Bharti Education Society, the implementing partner.

Commenting on UDYAM, Managing Director & CEO of LIC Housing Finance Ltd, Vinay Sah said “It is an important part of our Corporate Social Responsibility (CSR) whereby along with our implementing partner we will skill the youth to be enterprising for livelihood.” Under UDYAM, Centres of Excellence (COE) has been started in Delhi and Bangalore and later on be expanded to other cities.” The COEs will provide skill development training to marginalized youth in the sectors of BFSI, Retail and IT/ITES.

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India again postponed retaliatory tariffs against 29 US products

05 May 2019 Current Affairs: India has further delayed implementation of its June 2018 order to impose retaliatory tariffs on 29 US products, including almonds, apples and phosphoric acid, till May 16.

Implementation of increased customs duty on specified U.S. imports has been postponed from May 2 to May 16. The tariffs were announced after the US refused to exempt India from new steel and aluminium tariffs. The extension comes amid the US’ decision to withdraw duty-free benefits to Indian exporters.

India wants US to exempt them from the high duty imposed on certain steel and aluminium products, provide greater market access for agriculture, automobile, automobile components and engineering sector products.

As part of the imposition of higher import duties, India has notified higher tariffs on several products. While import duty on walnut has been hiked to 120 per cent from 30 per cent currently, duty on chickpeas, Bengal gram (chana) and masur dal will be raised to 70 per cent, from 30 per cent currently. Levy on lentils will be increased to 40 per cent, from 30 per cent. India’s exports to the US in 2017-18 stood at USD 47.9 billion, while imports were at USD 26.7 billion. The trade balance is in favour of India.

Jaipur To Host Asian Youth Women Handball Championship

05 May 2019 Current Affairs: Jaipur host the 8th Asian Youth Women Handball Championship in which 10 teams will be participating. It will be played in August 2019.

Earlier Delhi had hosted it in 2015 where the hosts India had finished 7th. The previous edition in 2017 was held at Jakarta in Indonesia where South Korea was the champion while Japan and China were placed second and third respectively.

India slips to fifth spot in latest ICC T20I rankings

05 May 2019 Current Affairs: The world body governing cricket, ICC unveiled an expanded men’s Twenty20 International team rankings with 80 teams.

India with 260 points have dropped three places to fifth in the latest list. The ICC T20 World Cup champions of 2009, Pakistan have consolidated their top position with 286 points. The next three teams are South Africa (262), England (261) and Australia (261).

The launch of expanded ICC T20 team rankings coincides with the annual rankings in which series results from 2015-16 are removed and outcomes from 2016-17 and 2017-18 are weighted at 50 per cent.

Water storage level of 91 major reservoirs of the country reduced by 1 percent

05 May 2019 Current Affairs: Ministry of Water Resources reported that the water storage level available in 91 major Indian reservoirs for week ending on 2 May 2019 was 40.592 BCM (Billion cubic meters), which is 25% of the total storage capacity of these reservoirs. This was at 26% for the week ending on April 25, 2019. This shows a decline in the water storage level by 1%. As per yearly comparison, level of water storage in the week ending on 2 May 2019 was 115% of storage of corresponding period of last year (i.e. May 2018) and 104% of storage of average of last ten years (i.e. May 2009).

Ex-ISRO chief AS Kiran Kumar received France’s highest civilian award

05 May 2019 Current Affairs: Former ISRO chairman AS Kiran Kumar was conferred with France’s highest civilian award ‘Chevalier de la Légion d’Honneur’ for his contribution to India-France space cooperation.

About AS Kiran Kumar: He served as the ISRO chief from 2015 to 2018 and was awarded the Padma Shri in 2014. He has contributed to projects like India’s first experimental remote sensing satellite, Bhaskara-1, launched in 1979 and even Chandrayaan-1 and Mangalyaan.

Asia-Pacific region is expected to grow at 5.7 percent this year

05 May 2019 Current Affairs: The Asia-Pacific region is expected to grow at 5.7% in 2019. According to the ADB’s Asian Development Outlook 2019 report released in April, developing Asia, which comprises 45 nations ranging from China to Tuvalu, is projected to grow by 5.7% in 2019. However, the growth outlook for developing Asia is expected to moderate to 5.6 % in 2020.

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US Air Force General Tod Wolters sworn in as NATO commander

US Air Force General Tod D. Wolters has been sworn in as the top military officer of the 29-nation NATO military alliance. Wolters, who replaces U.S. Army General Curtis M. Scaparrotti for a term likely to run two to three years, will also be commander of U.S. forces in Europe. The NATO post of SACEUR (Supreme Allied Commander Europe) is always held by an American military officer.

Huawei overtook Apple to become Worlds 2nd largest smartphone maker

05 May 2019 Current Affairs: The Chinese electronics giant Huawei has surpassed Apple to become the No. 2 smartphone vendor worldwide, according to statistics from the International Data Corp. (IDC).

South Korean consumer electronics giant Samsung continues to top the list with 20.9% market share. Huawei was the only smartphone maker in the top three that saw an increase in shipments in the first quarter of 2019. The company saw year-over-year growth of 50.3% in the first quarter and claimed 19% of the worldwide market share.

Apple holds 11.7% of the worldwide market share as of the first quarter of 2019, while Huawei now claims 19%. Chinese smartphone maker Xiaomi sits on the fourth position in the list. The fifth position is captured by another Chinese smartphone maker – Oppo.

 Iraq remains India’s top oil supplier in FY19

05 May 2019 Current Affairs: Iraq has for the second year in a row become India’s top crude oil supplier, meeting more than a fifth of the country’s oil needs in 2018-19 fiscal year. According to data sourced from the Directorate General of Commercial Intelligence and Statistics, Iraq sold 46.61 million tonne of crude oil to India during April 2018 and March 2019, 2 per cent more than 45.74 million tonne it had supplied in 2017-18 fiscal.

India provisionally imported 207.3 million tonne of crude oil in 2018-19, down from 220.4 million tonne in the previous financial year. India is world’s third largest importer of crude oil (7% of total crude oil imports) after China (world’s largest importer with 20.2% of total crude oil imports) and USA (13.8%).

Saudi Arabia has traditionally been India’s top oil source, but it was for the first time dethroned by Iraq in 2017-18 fiscal year. In 2018-19, Saudi exported 40.33 mt of crude oil, up from 36.16 mt of oil sold in the previous year.

Iran was the third largest crude oil supplier to India. It sold 23.9 mt of crude in 2018-19. UAE topped Venezuela to become India’s fourth-largest crude supplier. Nigeria was the next biggest supplier with 16.83 mt of exports in 2018-19, down from 18.11 mt in the previous year. Kuwait supplied 10.78 mt of oil and Mexico another 10.28 mt.

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