Current Affairs – May 11, 2018

President Kovind becomes first President of India to visit Siachen in 14 years

The President of India, Shri Ram Nath Kovind, visited Siachen Base Camp on May 10 and addressed the soldiers posted there. He also visited the Kumar Post. President Kovind is the second President of India to visit Siachen. The previous visit was undertaken by President A.P.J. Abdul Kalam in April 2004. This makes President Kovind the first President to travel to Siachen in 14 years. Addressing the soldiers today, President Kovind said that as the Supreme Commander of the Armed Forces and as the President of India, he has come among them carrying the gratitude of the entire country. The President noted that Siachen is the world’s highest battlefield and it is difficult to live even a normal life in the extreme climate.

Vice President Naidu arrives in Peru

Vice President Venkaiah Naidu on 11 May arrived in Peru on the third leg of his three-nation visit to Central America. Vice President Naidu, who is on a five-day visit to Central America’s Guatemala, He reached Panama on May 9 where India and Panama signed two Memorandum of Understandings (MoU). Before visiting Panama, the Vice President was in Guatemala where India and Guatemala signed a MoU for expanding cooperation in the area of diplomatic training. Vice President Naidu’s three-nation visit commenced on May 6. The agenda of visiting these places is to enhance bilateral ties with the country.
Capital: Lima
Currency: Sol

Sushma Swaraj meets Myanmar President

External Affairs Minister (EAM) Sushma Swaraj on May 10 met with President of Myanmar Win Myint. Earlier in the day, Sushma Swaraj reached the capital of Myanmar, as part of her two-day official visit to the country. She was received by Permanent Secretary Ministry of Foreign Affairs of the government of Myanmar, Myint Thu. The visit is part of the ongoing high-level interaction between the governments of India and Myanmar, according to a Ministry of External Affairs (MEA) statement.
Capital: Naypyidaw
Currency: Burmese kyat

Telangana CM launches investment support scheme for farmers

Telangana Chief Minister K Chandrasekhar Rao on May 10 launched an investment support scheme for farmers, claimed to be the first such initiative in the country. Under the scheme ‘Rythu Bandhu‘ (friend of farmers), Rs 8,000 per acre per year will be given to all farmers who own land. “Today, we are giving Pattadar (title holder) passbooks along with crop investment support (cheques) to 58 lakh farmers all over the state. This is a golden chapter in the history of farming in India,” he said addressing a public meeting at Huzurabad in Karimnagar district. Rao said a budgetary allocation of Rs 12,000 crore has been made for the scheme in 2018-19.

SEBI splits CMD post, raises minimum board strength to 6

In sweeping changes to the way the listed companies constitute their boards, regulator SEBI has asked them to split the post of chairman and managing director and have at least six independent directors, including a woman. The changes need to be put in place in phases, SEBI said while setting a deadline of April 1, 2019, regarding the independent directors. The companies will have more time to split the CMD post, for which the deadline is April 1, 2020. The move comes after SEBI’s board in March accepted 40 of the 80 recommendations of the Uday Kotak panel on corporate governance.

Suresh Prabhu inaugurates 6th US-India Aviation Summit in Mumbai

On 9th May, Union Minister for Civil Aviation, Suresh Prabhu inaugurated the 6th US-India Aviation Summit. This three-day Summit is being jointly organized by Union Ministry of Civil Aviation and US Trade and Development Agency (USTDA). The Summit will serve as a platform for Indian civil aviation agencies and aviation industry representatives, including private sector airlines and airport operators, to identify advanced US technologies and practices, that can support their expansion and modernization efforts.

Mahathir was sworn in as Malaysian Prime Minister

Mahathir Mohamad was sworn in as the seventh Prime Minister of Malaysia after a five-hour long wait at the National Palace on May 10 night. The ceremony was witnessed by Malaysia’s head of state, Sultan Muhammad V. Mahathir-led Pakatan Harapan defeated the Barisan Nasional coalition that has ruled the nation for 61 years since independence from Britain.
Capital: Kuala Lumpur
Currency: Malaysian Ringgit

SCO Tourism Ministers’ conference held in China

On 9th May, the SCO Tourism Ministers’ conference was held in Wuhan, Hubei Province, China. This is the first tourism ministerial meeting between member countries of the Shanghai Cooperation Organization (SCO). Minister of State (Independent Charge) for Tourism and Minister of State for Electronics and Information Technology, India, K. J. Alphons represented India at the conference.

Learn Two a Day:
Tadoba-Andhari Tiger reserve: Maharashtra
Eravikulam National park: Kerala

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