Current Affairs May 29, 2019

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1. Saurabh Chaudhary wins 10m Air Pistol gold; beats own World record

  • In ISSF shooting World Cup, in Munich Germany, India's  Saurabh Chaudhary has won 10m Air Pistol Gold beating his own World Record.
  • The 17-year old Chaudhary scored 246.3 bettering his previous best of 245 points that was set in New Delhi World Cup Shooting in February this year.
  • Chaudhury has already secured a berth for the Tokyo Olympics. This is India's second Gold in the championship.

Foot Notes:

About Saurabh Chaudhary

  1. Saurabh Chaudhary is an Indian sport shooter
  2. He became the youngest Indian gold medalist at the Asian Games.

2. Corporation Bank launches loan scheme for MSME sector

  • State-owned Corporation Bank has launched ‘SMESuvidha’ scheme to provide loans to the GST-registered MSMEs at affordable interest rates.
  • The product is designed as a part of the lender’s efforts to improve service and provide the best products to the MSME sector. This is a unique product for GST-registered Micro, Small and Medium Enterprises (MSMEs).
  • The bank is actively participating in the government’s flagship programmes including ‘MUDRA’ and ‘Stand-up India’ to provide the much-needed push to the MSME sector.

Foot Notes:

About Corporation Bank

  1. Headquarters: Mangaluru.
  2. M.D and CEO: PV Bharathi

3. Saudi Arabia lifts export ban on fruits and vegetable from Kerala

  • Kerala’s fruits and vegetable exporters have heaved a sigh of relief following the lifting of the export ban by Saudi Arabia after the Nipah virus attack last year.
  • With the lifting of the embargo, he said Kozhikode airport was alone handling 20 tonnes of fruits and vegetables per day valued at $50,000 to various destinations in Saudi.
  • Kerala ships around 150 tonnes of fruits and vegetables on a daily basis to various gulf countries and of this, the consignment to Saudi alone was 30-40 tonnes.

Foot Notes:

About Saudi Arabia

  1. Capital: Riyadh
  2. Currency: Saudi riyal
  3. King: Salman of Saudi Arabia

About Kerala

  1. Capital: Thiruvananthapuram
  2. Governor:P. Sathasivam
  3. Chief minister:Pinarayi Vijayan

4. RBI extends timings for RTGS from 4:30 pm to 6:00 pm

  • RBI has extended timings for customer transactions in the Real Time Gross Settlement (RTGS) system to 6:00 pm from 4:30 pm. The new time window for RTGS will come into effect from 01st June 2019.
  • The customer is charged a ‘time-varying charge’ on each outward transaction in addition to the flat processing charge. The fee for transfers between 8 am to 11 am is nil, from 11 am to 1 pm is Rs 2, and from 1 pm to 6 pm is Rs 5. The fee for transfers made after the initial cut off of 6 pm will be Rs 10.
  • The initial cut off for customer transactions will be 6 pm and the final cut off for inter-bank transactions will be 7:45 pm. The IDL reversal will take place between 7:45 pm and 8 pm.

Foot Notes:

About RBI

  1. Headquarters: Mumbai
  2. Founder: British Raj
  3. Governor: Shaktikanta Das

5. Virat Kohli  was named as the "Most Trusted Sports Personality in 2019"

  • According to the report published by consumer-insights company TRA, named "Most Trusted Personalities in 2019", captain of Indian cricket team Virat Kohli is India's most trusted sports personality.
  • Sachin Tendulkar is placed at second number in the list of India's most trusted sports personality. Recently Virat Kohli hit 100 million followers on social media, making him India's most followed sportsperson on social media and also became the world's most followed cricketer. The reports also include the most trusted personalities in 2019 which includes 39 personalities from cinema, sports, business among others.
  • Bollywood actor Amitabh Bachchan is India's most trusted personality and also leads the list of actors, while Deepika Padukone topped the list of India's most trusted female actor.

6. Walmart Appoints Suresh Kumar as Chief Technology Officer

  • US-based retail chain Walmart has appointed Suresh Kumar, an IIT Madras graduate and former Google executive, as chief technology officer and chief development officer.
  • He will directly report to President and Chief Executive Officer Doug McMillon, Walmart said in a statement. The appointment comes at a time when Walmart is transforming its customer and associate experiences.
  • He brings over 25 years of technology leadership experience coming from Google, Microsoft, Amazon and IBM, it said. "The technology of today and tomorrow enables us to serve our customers and associates in ways that weren't previously possible. We want to take full advantage of those opportunities," McMillon said.

Foot Notes:

About Walmart

  1. CEO: Doug McMillon
  2. Owner: Walton family
  3. Founder: Sam Walton
  4. Founded: 2 July 1962

7. Sri Lanka signs tripartite agreement with India and Japan

  • Sri Lanka has signed a tripartite agreement with India and Japan for development of eastern terminal of Colombo port.
  • The Memorandum of Cooperation (MoC) was signed in Colombo by Sri Lankan ports minister Sagala Ratnayake, Indian high commissioner to Sri Lanka Taranjit Singh Sandhu and a Japanese representative.
  • As per the agreement, Sri Lanka Port Authority (SLPA) will hold 51 percent majority stake in the port development while Japan and India will have combined stake of 49 percent.

Foot Notes:

About Sri-lanka

  1. Capitals: Colombo, Sri Jayawardenepura Kotte
  2. Currency: Sri Lankan rupee
  3. Prime Minister: Ranil Wickremesinghe

About Japan

  1. Currency: Japanese yen
  2. Capital: Tokyo
  3. Prime Minister:Shinzō Abe

8. ICC launches criiio campaign on eve of World Cup

  • The ICC has launched the criiio campaign on the eve of the men’s World Cup, bringing together 460 million people playing cricket globally to celebrate the magnificent diversity of cricket.
  • The ICC asked the fans to join the social cricket tribe by sharing pictures and videos of where and how they play cricket across the world using the newly launched #criiio and visiting criiio.com.
  • This builds on the success of the recent user-generated social media initiative #WorldWideWickets and is the first of a series of programs that will be launched by the ICC over the next 12 months.

Foot Notes:

About ICC

  1. Designated CEO: Manu Sawhney
  2. CEO: Dave Richardson
  3. Chairperson: Shashank Manohar
  4. Headquarters: Dubai, United Arab Emirates
  5. Founded: 15 June 1909

9. Scott Morrison sworn in as Australia’s PM

  • Scott Morrison has been sworn in as Australia’s Prime Minister, 11 days after retaining the position in the country’s general election.
  • Along with Deputy Prime Minister Michael McCormack, Morrison was sworn in by Queen Elizabeth’s official representative in Australia, Governor-General Sir Peter Cosgrove, in the capital, Canberra.
  • Also sworn in was Morrison’s revamped Cabinet, which includes a record seven women, and Australia’s first Aboriginal federal Cabinet member, Indigenous Affairs Minister Ken Wyatt, who wore a traditional kangaroo skin.

Foot Notes:

  1. Capital: Canberra
  2. Currency: Australian dollar
  3. Prime minister: Scott Morrison

10. Record 78 women MPs elected to 17th Lok Sabha

  • Record 78 women candidates have been elected to the Lok Sabha in the recently held general elections.
  • According to the Election Commission, the number has grown from the previous 62 women who were elected to the 16th Lok Sabha in 2014.
  • In the country’s first general elections in 1951, twenty-four women were elected to the Lower House, and since then, the number has been increasing.

Foot Notes:

About Lok Sabha

  1. The Lok Sabha or House of the People is the lower house of India's bicameral Parliament, with the upper house being the Rajya Sabha.
  2. Seats: 545 (543 elected + 2 Nominated)
  3. Last election: Indian general election, 2019
  4. Leader of the House: Narendra Modi, BJP; since 25 May 2019
  5. Next election: May 2024
  6. Leader: Narendra Modi

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