1. Naveen Patnaik set for the fifth term as Odisha CM

• Odisha’s ruling Biju Janata Dal (BJD) headed by incumbent Chief Minister Naveen Patnaik is all set to form a government for a fifth consecutive term.
• The oath-taking ceremony will be a low key affair as the State is still recovering from the devastation caused by Cyclone Fani, which hit Odisha on May 3.

Foot Notes:

About Odisha
♦ Capital : Bhubaneswar
♦ Governor:Professor Ganeshi Lal
♦ Odisha Day :01st April.

2. India bans Jamaat-ul-Mujahideen Bangladesh terror outfit

• The Jamaat-ul-Mujahideen Bangladesh (JMB), which was blamed for the terror attack at a cafe in Dhaka in 2016 in which 22 people including 17 foreigners were killed, has been declared as a banned terrorist organisation by the government.
• In a notification, the home ministry said the outfit has committed and promoted acts of terrorism and has been engaged in radicalization and recruitment of youths for terrorist activities in India.

Foot Notes:

About Bangladesh
♦ Capital: Dhaka
♦ Currency:  Bangladeshi taka
♦ Prime Minister:Sheikh Hasina

3. RBI releases draft norms on liquidity risk management for NBFCs

• The Reserve Bank of India said all non-deposit-taking non-banking financial companies (NBFCs) with an asset size of Rs 5,000 crore and above, and all deposit-taking NBFCs irrespective of their asset size, have to maintain a liquidity buffer in terms of a Liquidity Coverage Ratio (LCR).
• In a draft on liquidity risk management framework for NBFCs and core investment companies, these measures will promote resilience of NBFCs to potential liquidity disruptions by ensuring they have sufficient High-Quality Liquid Asset (HQLA) to survive an acute liquidity stress scenario lasting for 30 days. The banking regulator proposed that it will implement LCR through a glide path from 01st April 2020 to 01st April 2024.

Foot Notes:

About RBI
♦ Headquarters: Mumbai, India
♦ Governor:Shaktikanta Das

4. India bags 57 medals at India Open International tournament

• India bags a total of 57 medals including 12 Gold, 18 Silver and 27 Bronze at India Open International Boxing tournament in Guwahati. MC Mary Kom, Shiva Thapa, L Sarita Devi, and Naman Tanwar won gold in their respective finals. The London Olympic bronze medallist blew away the challenge of Vanlal Duati in a facile 5-0 win.
• This was Mary’s second gold in the tournament, having won in 48 kg last year in the capital. On the other hand, Deepak defeated Govind Kumar in 49 kg final while in 52 kg category- Amit Panghal defeated Sachin.

5. Corporation Bank launches ‘Corp SME Suvidha’ for MSMEs

• Corporation Bank has launched ‘Corp SME Suvidha’, a product for GST-registered MSMEs. The product has been designed as part of the bank’s efforts to provide the best products to the MSME sector.
• PV Bharathi, Managing Director and Chief Executive Officer of the Corporation bank, launched the product in Mangaluru recently.

Foot Notes:

About Corporation Bank
♦ Headquarters: Mangalore, India
♦ Founder: Khan Bahadur Haji Abdullah Haji Kasim Saheb Bahadur
♦ Founded: 12 Mar 1906 • Udupi, India

6. Delhi HC ruled that United Nations is not a State

• The Delhi High Court has ruled that the United Nations is not a State under Article 12 of the Constitution of India and is not amenable to its jurisdiction under Article 226 of the Constitution.
• The Ministry replied that the consent of the Government of India is not required to initiate a legal suit against UNO as it is not a foreign state and is only an Internal Organization. It said UNO and its officials enjoy immunity under the United Nations (Privileges and Immunities) Act, 1947.
• It also said as per Section 2 of Article II of the Schedule of Act, 1947, UNO has immunity from every form of legal process except insofar as in any particular case it has expressly waived its immunity.

Foot Notes:

About United Nations
♦ Headquarters: New York
♦ Founders: Denmark • Turkey • Norway • Panama • Saudi Arabia • United Kingdom • Poland • Netherlands • Dominican Republic • Argentina
♦ Founded: 24 Oct 1945

7. Sony to stop selling its smartphones in India

• Japanese technology giant Sony has revealed it will stop selling its smartphones in several countries including India.
• Sony added it presently considers Japan, Europe, Taiwan and Hong Kong as the “focus regions” — to drive profit for the smartphone business.
• Sony reported an operating loss of 97.1 billion yen ($879.45 million) in the year ended March.
• Samsung with shipment of 71.9 million units, Huawei with 59.1 million, Apple with 36.4 million, Xiaomi with 25 million, Vivo with 23.2 million and Oppo with 23.1 million are the top smartphone brands in the first quarter of 2019.

Foot Notes:

About Sony
♦ Headquarters: Minato, Japan
♦ CEO: Kenichiro Yoshida
♦ Founded: 07 May 1946 • Tokyo, Japan

8. Bengaluru based Doctor Hema Divakar gets ‘Global Asian of the Year’ Award for Contribution to Women’s Healthcare Ecosystem

• Bengaluru based doctor Hema Divakar received the ‘Global Asian of the Year 2018-19’ Award for women services and contribution towards Women’s Healthcare Ecosystem.
• Dr. Hema was conferred the award at the Asian Business & Social Forum 2019 under the ‘In Service of the Society and the Nation’ category from UAE’s Trade Promotion Director Mohammed Naser Hamdan A1 Zaabi.

Foot Notes:

About Asian Awards
♦ Country: United Kingdom
♦ Awarded for : Honouring Asian Excellence
♦ Presented by: Paul Sagoo
♦ First awarded: 2010

9. British PM Theresa May Announces Resignation

• British Prime Minister Theresa May announces resignation from her post.
• She will resign on 7 June.
• Her announcement triggers the start of a contest to replace her as Conservative leader and Prime Minister.

Foot Notes:

About United Kingdom
♦ Capital: London
♦ Currency: Pound sterling

10. WhatsApp to put ads on Status in 2020, confirms Facebook

• WhatsApp Status will start displaying ads from 2020, the messaging platform’s parent firm Facebook has confirmed.
• It added its already monetized WhatsApp Business app will get richer messaging formats, including viewing text alongside image or PDF in a single message.
• Notably, WhatsApp Co-founders Brian Acton and Jan Koum had left after disagreements with Facebook over monetizing it.

Foot Notes:

About Whatsapp Messenger
♦ Founded: February 24, 2009; 10 years ago
♦ Headquarters: Mountain View, California, United States
♦ Founder: Jan Koum, Brian Acton

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