Current Affairs – May 22, 2018

International Day for Biological Diversity: 22 May

While there is a growing recognition that biological diversity is a global asset of tremendous value to present and future generations, the number of species is being significantly reduced by certain human activities. The Convention on Biological Diversity is the international legal instrument adopted on 22nd May for “the conservation of biological diversity, the sustainable use of its components and the fair and equitable sharing of the benefits arising out of the utilization of genetic resources” that has been ratified by 196 nations.
Theme 2018: Celebrating 25 Years of Action for Biodiversity

PM Modi departs for India after his informal summit with Putin

Earlier Prime Minister Modi held one-one talks with President Putin, in which he reiterated the strong bilateral relations between two countries. Earlier Prime Minister Modi visited the Moya Russia-Ethno center, along with President Vladimir, where he saw various ancient artifacts crafted by Russian artisans and also held talks with local artists. He then addressed students at Sirius educational center situated at Sochi in Russia, where he invited the students to visit India.
Capital: Moscow
Currency: Russian Ruble

First big bankruptcy success hands Rs 35,200 crore to banks

The biggest asset sale under India’s new bankruptcy law offers a breather to the nation’s banks, a number of which posted record losses for last quarter. Tata Steel Ltd. recently bought insolvent Bhushan Steel Ltd and is paying Rs 35,200 crore ($5.2 billion) to Bhushan’s creditors. This is about 63 percent of the Rs 56,000 crore claimed by a consortium including State Bank of India and Punjab National Bank, the biggest government-controlled lenders in the country and Bhushan Steel’s largest creditors.

INSV Tarini: All-women Navy crew reach Goa after circumnavigating the globe

The all woman-crew commanding the Indian Naval Sailing Vessel (INSV) Tarini on 21st May arrived in Goa after successfully circumnavigating the globe for eight months. Defence Minister Nirmala Sitharaman received the six-member team along with Chief of Naval Staff Admiral Sunil Lamba. The INSV Tarini is the first Indian all-women crew to circumnavigate the globe, led by Lt. Commander Vartika Joshi. The crew comprises of Lieutenant P Swathi, Lieutenant Pratibha Jamwal (Air Traffic Control specialists), Lieutenant Vijaya Devi, Sub Lieutenant Payal Gupta (both Education officers) and Lieutenant B Aishwarya, a Naval Architect.

BrahMos supersonic cruise missile successfully test fired

BrahMos, supersonic cruise missile was successfully test fired on 21st May from the Integrated Test Range (ITR) in Balasore, Odisha as part of service life extension programme. The life extension test firing of BrahMos was conducted from a Static Inclined Launcher, proving the efficacy and longevity of the system which was witnessed by the Scientist from Defence Research and Development Organisation (DRDO) and BrahMos. BrahMos is a joint venture between DRDO of India and NPOM of Russia.

IIT-Kanpur establishes country’s first center for energy regulation

The Indian Institute of Technology -Kanpur has set up first of its kind Centre for Energy Regulation (CER) in the country to strengthen policy and regulatory limitations in energy and power sector. The coordinator of CER said the center was set up with the assistance of the UK Government. It would adopt an innovative approach to engage with stakeholders in the power sector, especially the electricity regulatory commissions, electric utilities and the academia.

Paraguay opens its embassy in Jerusalem

Paraguay on 21st May officially opened its embassy in Jerusalem, becoming the third country to do so after the United States and Guatemala. Paraguayan President Horacio Cartes and Israeli Prime Minister Benjamin Netanyahu attended the inauguration ceremony of the embassy.
Paraguay Capital: Asuncion
Paraguay Currency: Paraguayan Guarani

Extraordinary OIC summit held in Istanbul to discuss Israel-Palestine violence

President of Turkey Recep Tayyip Erdogan sent out a strong message against Israeli violence that martyred at least 62 Palestinians during the ongoing extraordinary summit of the Organization of Islamic Cooperation (OIC) recently. A large number of heads of state and government, including Palestinian Prime Minister Rami Hamdallah, King Abdullah II of Jordan, Iranian President Hassan Rouhani, Afghan President Ashraf Gani, Kuwaiti Amir Sabah al-Ahmad al-Jaber al-Sabah and Mauritanian President Mohammad Veled Abdulaziz participate in the summit meeting.

Bala Prasath wins Formula Junior Racing Series 2018 Championship

Coimbatore racer Bala Prasath set a scorching pace over the weekend to win the Formula Junior Racing Series 2018 Championship in his hometown. Bala, who was trailing in second place after Round 1 with 91 points, was in his element in Round 2 at the Kari Motor Speedway, read a statement. Bengaluru’s Sohil, who was leading Round 1 with 120 points, clinched the second place in the final round.

Lionel Messi wins fifth European Golden Shoe award

Barcelona star striker Lionel Messi has been confirmed to pick the prestigious fifth European Golden Shoe award of his career after finishing the campaign as top La Liga goal scorer. The Argentine talisman picked the coveted trophy after smashing a total of 34 goals for Barcelona in their Liga-winning campaign.

Telugu writer Yaddanapudi Sulochana Rani dies aged 78

The famous pulp fiction writer Yaddanapudi Sulochana Rani passed away after suffering massive heart stroke at her daughter’s residence in US. She was popular for her romantic novels. She was a rage from the 60s to 80s. Many Telugu hit films were based on her novels. Many latest daily serials are also based on her writings.

Learn Two a Day:
MMID: Mobile Money Identifier
IMPS: Immediate Payment Service

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