Current Affairs – May 08, 2019

Here’s your daily summary of Current Affairs – May 08, 2019

National - Current Affairs - May 08, 2019

Purple frog set to be crowned Kerala’s state amphibian

1c 5 - Current Affairs - May 08, 2019
The purple frog could be soon designated as Kerala’s state amphibian. The proposal for this is being mooted by Kerela’s leading Herpetologists. Herpetologists believe that the species should be rightly called a ‘living fossil’ as it’s evolutionary roots suggest it could have shared space with dinosaurs going back almost 70 million years ago.


India, the UK in talks to build copycat Naval supercarrier

2c 5 - Current Affairs - May 08, 2019
The UK is in talks with the Indian government on building a new state-of-the-art aircraft carrier along the lines of Britain’s HMS Queen Elizabeth as part of the ongoing ‘Make in India’ negotiations, according to a media report.
The talks are underway for the Indian Navy to buy detailed plans for the 65,000-ton British warship to build a so-called “copycat supercarrier” to be named INS Vishal in 2022.


Scorpene class submarine Vela launched

3c 5 - Current Affairs - May 08, 2019
Indian Naval Ship (INS) Vela, the Navy’s fourth Scorpene submarine, was launched into the water in Mumbai. Mazagon Dock Ltd is assembling six Scorpene submarines in partnership with French shipbuilder, Naval Group (formerly DCNS).
Of the six submarines, INS Kalvari was commissioned in December last year while INS Khanderi and INS Karanj are in advanced stages to join the Navy fleet.
The remaining two — INS Vagir and INS Vagsheer are in the “advanced stages of manufacturing” at the Mazagon Dock.


KVIC distributes over 1 lakh bee-boxes under ‘Honey Mission’

4c 5 - Current Affairs - May 08, 2019
Khadi and Village Industries Commission (KVIC) has distributed more than one lakh bee-boxes among farmers and unemployed youths across the country in less than two years under its ‘Honey Mission’ initiative.
KVIC Chairman Vinai Kumar Saxena said the commission has so far distributed 1,01,000 bee-boxes, which had happened for the first time in India.


Business - Current Affairs - May 08, 2019

RBI directs banks to enhance housing loan limits for eligibility under priority sector lending

5c 4 - Current Affairs - May 08, 2019
Reserve Bank of India (RBI) has directed banks to enhance the housing loan limits for eligibility under priority sector lending (PSL) to Rs 35 lakh in metropolitan centers (with a population of ten lakh and above) and Rs 25 lakh in other centres. In order to bring the RRBs and SFBs at a level playing field with other Scheduled Commercial Banks, it has now been decided to enhance the housing loan limits for eligibility under PSL.
Accordingly, in respect of RRBs and SFBs, housing loans to individuals up to Rs 35 lakh in metropolitan centers (with population of ten lakh and above) and Rs 25 lakh in other centers, provided the overall cost of the dwelling unit in the metropolitan centers and at other centres does not exceed Rs 45 lakh and Rs 30 lakh, respectively, will be eligible for classification under PSL.


India’s foreign exchange reserves rise by $ 4.3 Billion

6c 5 - Current Affairs - May 08, 2019
The country’s foreign exchange reserves soared by USD 4.368 billion to USD 418.515 billion in the week to April 26. The RBI data showed that foreign currency assets rose by USD 4.387 billion to USD 390.421 billion.
According to the data Gold reserves remained unchanged at USD 23.303 billion. The special drawing rights with the International Monetary Fund was down by USD 5.9 million to USD 1.449 billion. The country’s reserve position with the Fund also declined USD 13.6 million to USD 3.341 billion.


Direct tax collections fall short of Rs 82,000 crore in FY19

7c 4 - Current Affairs - May 08, 2019
Direct Tax collections fell short by Rs.82,000 crore at 11.18 crore during 2018-19 with lower corporate tax collections emerging as one of the reasons for the lower mop. The government had set a target of Rs 12 lakh crore. Total tax collection numbers indicate that it got 13.4 percent more than the previous fiscal but fell short of the revised target of 18 percent.


YES Bank slips to 10th position in the league table for most-valued banks

8c 5 - Current Affairs - May 08, 2019
Private sector lender YES Bank has slipped to the 10th position in the league table for most-valued banks. This comes after it reported Rs.1,500-crore net loss for its March quarter earnings. HDFC Bank is the most valued Indian bank with Rs.6.34 trillion market valuation, followed by SBI and Kotak Mahindra.
However, state-owned lenders Punjab National Bank (PNB), and Bank of Baroda (BoB) have managed to overtake YES Bank, which shares tanked nearly 30 percent on April 30 after posting an unexpected loss for the March quarter.


SBI Card raises Rs 700 crore from banks, including parent bank to fund growth

9c 5 - Current Affairs - May 08, 2019
SBI Card raised Rs 700 crore from several financial institutions including its parent State Bank of India (SBI) in the second half of FY19 as it aims to grow above the industry average. SBI Cards and Payment Services Pvt. Ltd (SBI Card) raised Rs 100 crore from ICICI Securities Primary Dealership Ltd, Rs 250 crore from State Bank of India and Rs 50 crore each from Canara Bank and Axis Bank by issuing non-convertible debentures (NCDs) at 9.15% coupon, documents available with the Registrar of Companies (RoC) seen by Mint showed. The company also raised another Rs 250 crore from Axis Bank through a coupon of 9.55%.


Income tax e-filers drop by over 6.6 lakh in FY19

10c 5 - Current Affairs - May 08, 2019
In a first in the recent history of tax filings, income tax e-filings in FY2019 have dropped by more than 6.6 lakh. According to statistics put out on Income Tax Department’s e-filing website, income tax e-filings in FY 2018-19 was 6.68 crore, down from 6.74 crores in the previous fiscal. E-filers in FY 2016-17 were 5.28 crore.


Microsoft unveils its own Blockchain-based service

11c 5 - Current Affairs - May 08, 2019
Joining the Blockchain bandwagon, Microsoft has unveiled fully-managed Azure Blockchain Service that would simplify the formation, management, and governance so that businesses can focus on workflow logic and application development.
Microsoft has also announced a partnership with J.P. Morgan to make “Quorum” (an enterprise-focused version of open-sourced platform Ethereum) the first ledger available in Azure Blockchain Service.


Awards - Current Affairs - May 08, 2019

Indian-origin journalist G D Robert conferred with V K Krishna Menon award

12c 5 - Current Affairs - May 08, 2019
G D ‘Robert’ Govender, an Indian-origin journalist in South Africa, has been honored in the UK with 2019 V K Krishna Menon award for his outstanding contribution as a pioneer of decolonized journalism.
The South Africa-born journalist was awarded posthumously during an event in London to mark the 123rd birth anniversary of an Indian diplomat and politician V K Krishna Menon.


Fifa announces two new award categories to promote women’s football globally

13c 4 - Current Affairs - May 08, 2019
Federation Internationale de Football Association (FIFA) announced two new award categories on Monday to promote women’s football across the globe.
The two new award categories are off Women’s goalkeeper of the year and a women’s team of the year. This announcement means and both men and women will be up for receiving accolades in the same categories at the FIFA Best ceremony in Milan on September 23.


International - Current Affairs - May 08, 2019

World Asthma Day: May 07

14c 3 - Current Affairs - May 08, 2019
May 7 will be observed as World Asthma Day. The day is meant to raise awareness about asthma and is supported by the Global Initiative for Asthma (GINA), National Heart Lung and Blood Institute (NHLB) and World Asthma Foundation.
World Asthma Day is usually observed on the first Tuesday of May. This year the theme of World Asthma Day is STOP for Asthma.


World Athletics Day: 07 May

15c 1 - Current Affairs - May 08, 2019
On 7th May 2019, World Athletics Day was observed to promote Athletics as the primary sport in schools and institutions, to raise awareness about the sports and to educate youngsters about the importance of sports. It is the sport’s annual worldwide festival of youth and one of the busiest programmes of competitions on the athletics calendar.
The first World Athletics Day was celebrated in 1996. International Association of Athletics Federations(IAAF) is authorized to decide the date of this day. This Day, which is organized by the IAAF, helps to establish an important link between the youth, our sport, and environmental conservation.


G7 environment ministers meet to discuss the climate crisis

16c 1 - Current Affairs - May 08, 2019
Environment ministers of the G7 nations met in France, a day ahead of the release of what is expected to be another alarming report on the state of the planet. Ministers from Britain, Canada, France, Germany, Italy, Japan, and the United States gathered for the two-day meeting in the northeastern city of Metz.
They were due to discuss measures to tackle deforestation, plastic pollution and the degradation of coral reefs and try to form alliances between nations to act on them. Joining the ministers were delegations from the European Union as well as Chile, Egypt, the Fiji Islands, Gabon, India, Indonesia, Mexico, Niger, and Norway.


Israel honors 1971 war hero Lt Gen JFR Jacob with a plaque on Ammunition Hill Wall of Honour

17c 1 - Current Affairs - May 08, 2019
Israel honoured Lt. Gen. (retd) Jack Farj Rafael (JFR) Jacob, who negotiated the historic surrender of Pakistani troops in Dhaka after the 1971 Bangladesh’s liberation war, with a plaque on the Wall of Honour at the Ammunition Hill.
Lt. Gen. Jacob, who died in 2016 at the age of 92, was one of the most prominent members of India’s relatively small Jewish community, serving as a Lieutenant General in the Indian Army and later as a Governor of two Indian states-Goa and Punjab.


Nepali teen sets world record by dancing non-stop for 126 hours

18c 1 - Current Affairs - May 08, 2019
Bandana Nepal is a notch above the rest, she danced continuously for 126 hours to set a Guinness World Records on “Longest Dancing Marathon by an Individual”, a feat previously held by an Indian. andana Nepal beat the record set by Kalamandalam Hemlatha, who danced continuously for 123 hours and 15 minutes in 2011.


Laurentino Cortizo elected as Panama’s president

19c 1 - Current Affairs - May 08, 2019
Centre-left candidate Laurentino Cortizo has been declared the winner of Panama’s presidential election. In an unexpectedly close race, Mr. Cortizo finished two percentage points ahead of his center-right rival, Rómulo Roux.
Capital: Panama City
Currencies: United States Dollar, Panamanian Balboa


India and the US hold bilateral trade meeting

20c - Current Affairs - May 08, 2019
India and the US agreed to engage regularly at various level to resolve outstanding trade issues by exploring mutually beneficial suitable solutions. “Both sides agreed to deepen economic cooperation and bilateral trade by ensuring greater cooperation amongst stakeholders, including Government, businesses, and entrepreneurs,” said a statement after meeting between visiting US Commerce Secretary Wilbur Ross and Commerce Minister Suresh Prabhu. Ross is visiting India to attend the 11th Trade Winds Business Forum and Mission hosted by the US Department of Commerce.


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