Current Affairs – May 26, 2018

Current affairs banner May 26 2018 - Current Affairs – May 26, 2018

New governors appointed for Odisha, Mizoram

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President Ram Nath Kovind on 25th May appointed new Governors of two states – Odisha and Mizoram. President Kovind appointed Professor Ganeshi Lal as the Governor of Odisha with effect from the date he assumes charge of his office. The President also appointed Kummanam Rajasekharan to be the Governor of Mizoram. Rajasekharan will replace incumbent Lt Gen Nirbhay Sharma, who is completing his tenure on May 28.

Prime Minister Narendra Modi lays foundation stone for Patratu Super Thermal Power Project

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Prime Minister Narendra Modi laid the foundation stone on 25th May for the 2400MW first phase of NTPC’s Patratu Super Thermal Power Project in Jharkhand. The project is a 74: 26 Joint Venture between Government of Jharkhand (GoJ) and Patratu Vidyut Utpadan Nigam Ltd. (PVUN), a subsidiary company of NTPC establishing a total capacity expansion of 4,000MW. Shri R.K. Singh, Union Minister of State (I/C), Power and New & Renewable Energy and eminent dignitaries from Jharkhand and the Centre were present on the occasion.

Government notifies 8.55% interest on PF for 2017-18, lowest in 5 years

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Retirement fund body EPFO has asked its field offices to credit 8.55% rate of interest for 2017-18, the lowest rate since 2012-13 fiscal, into the PF accounts of around 5 crore subscribers. The EPFO had provided 8.65% interest for 2016-17. The members got 8.8% in 2015-16 and 8.75% each in 2014-15 and 2013-14. In 2012-13, EPFO had provided 8.5% rate of interest on EPF. Thus, at 8.55% for 2017-18, it is a five year low.

CBDT chairman Sushil Chandra gets the one-year extension

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Senior bureaucrat Sushil Chandra was on Friday has given one-year extension as the chairman of the Central Board of Direct Taxes (CBDT) till May next year. This is his second extension after taking over as the chief of the CBDT, the apex policy making body of the Income Tax department, on November 1, 2016. He was given a one-year extension in last year till May 31, this year.

TCS becomes the first company to achieve Rs 7 lakh crore m-cap milestone

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Tata Consultancy Services’ market valuation briefly crossed the Rs 7-lakh crore mark on 25th May, making it the first company to achieve this milestone. The market valuation of TCS jumped to Rs 7,03,309 crore during the intra-day session on the BSE today. The m-cap was calculated at the stock’s 52-week high price of Rs 3,674 hit today on the exchange. TCS is the country’s most valued firm, followed by Reliance Industries with a market capitalisation (m-cap) of Rs 5,83,972.22 crore, HDFC Bank (Rs 5,22,420.61 crore), HUL (Rs 3,41,064.80 crore) and ITC (Rs 3,31,895.80 crore) in the top five list.

I&B Minister launches six-day ASEAN India Film Festival

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I&B Minister Rajyavardhan Rathore launches six-day ASEAN India Film Festival New Delhi on 25th May and said India and ASEAN share historical and cultural links; Govt taking steps to promote film festivals from ASEAN, BRICS, and European countries.

The 9th edition of ‘Rashtriya Sanskriti Mahotsav’ under the Ministry of Culture, inaugurated in Tehri, Uttarakhand

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Continuing its endeavor to promote India’s rich cultural Heritage, Ministry of Culture has organized 3 days long diversified cultural festival ‘Rashtriya Sanskriti Mahotsav’ festival which was inaugurated by Chief Minister of Uttarakhand, Shri Trivendra Singh Rawat, at Koti Colony, Near Tehri Lake, Uttarakhand. He thanked Minister of State for Culture (I/C) Dr. Mahesh Sharma and Ministry of Culture for bringing the festival to the state of Uttarakhand and supporting wholeheartedly the Tehri Lake Festival.

India among top 3 countries most targeted for phishing: Report

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Phishing and malware-based attacks are the most prolific online fraud tactics globally and India is one of the top three target countries for such attacks, says a report. According to the RSA Quarterly Fraud Report for the period between January 1 to March 31, 2018, phishing accounted for 48 percent of all cyber-attacks. The report that contains fraud attack and consumer fraud data and analysis, noted that Canada, the United States, India, and Brazil were the countries most targeted by phishing.

India bag silver, bronze in archery World Cup

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India opened its account with a silver and a bronze medal in the compound section of the ongoing second stage of the Archery World Cup Stage II on 25th May. India’s women compound team of Jyothi Surekha Vennam, Muskan Kirar, and Divya Dhayal lost to their Chinese Taipei opponents by three points to settle for a silver. Later in the evening session, the third-seeded mixed pair of Abhishek Verma and Jyothi prevailed over Belgian duo of Reginald Kools and Sarah Prieels 158-155 in the bronze play-off to add a second medal to India’s tally.

Steve Smith returns to cricket with Canadian T20 league

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Banned Australia captain Steve Smith, whose reputation lay in tatters after the ball-tampering scandal, is poised to make a comeback to cricket after being named among the marquee players for the inaugural Global T20 Canada event beginning June 28. Smith will be playing alongside other international stars such as Chris Gayle, Andre Russell and Shahid Afridi in the six-team tournament beginning June 28, organizers Cricket Canada said in a statement. The 28-year-old, who was suspended for 12 months in March for his role in the South African ball-tampering scandal in March this year, is allowed to play domestic tournaments outside Australia by Cricket Australia.

Learn Two a Day:
IPO: Initial Public Offer
ESOP: Employee Stock Ownership Plan

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