Current Affairs – May 16, 2019

Here’s your daily summary of Current Affairs – May 16, 2019

National - Current Affairs - May 16, 2019

MoU signed between NMCG, HCL Foundation and INTACH for Rudraksha Plantation in Uttarakhand

1c 10 - Current Affairs - May 16, 2019
As an initiative towards a greener ecosystem in Ganga Basin, a Memorandum of Understanding (MoU) was signed between National Mission for Clean Ganga (NMCG), HCL Foundation and INTACH for taking up a project of ‘Plantation of Rudraksha Trees in Uttarakhand’ under the ‘Namami Gange’ Programme.
While the project aims at planting 10,000 Rudraksha trees in the catchment area of river Ganga in Uttarakhand in association with the local community and other stakeholders, it will also help in generating income for people residing in those areas.

 

Navy chief to inaugurate country’s fifth SSB at Diamond Harbour in Bengal

2c 9 - Current Affairs - May 16, 2019
Navy chief Admiral Sunil Lanba on Tuesday inaugurated the fifth full-fledged Service Selection Board (SSB) of the Indian Navy the town of Diamond Harbour, nearly 55 km southwest of Kolkata. The selection board at this riverside town on the banks of the Hooghly situated 50 km from Kolkata, is capable of screening over 200 candidates at a time, and is expected to assess 10,000 to 12,000 candidates in a year.

 

Aarohi Pandit became world’s first woman to fly solo across the Atlantic Ocean in LSA

3c 10 - Current Affairs - May 16, 2019
Captain Aarohi Pandit, a 23-year-old pilot from Mumbai became the world’s first woman to cross the Atlantic Ocean solo in a Light Sports Aircraft (LSA), thrilling her family, friends and aviation circles on 14 May.
She achieved the feat around midnight Monday-Tuesday (May 13-14) when she landed her tiny aircraft at Iqaluit Airport in Canada, after a grueling 3,000 km long flight, under adverse and extreme weather conditions the following take-off from Wick, Scotland (United Kingdom), with brief stopovers in Greenland and Iceland.

 

Business - Current Affairs - May 16, 2019

RBI slaps Rs. 1-cr fine on Nainital Bank

4c 10 - Current Affairs - May 16, 2019
The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs. 1 crore on Nainital Bank for its failure to fully automate the non-performing asset (NPA) identification process, despite specific directions issued in this regard.
This penalty has been imposed in exercise of powers vested in the RBI under the provisions of the Banking Regulation Act, 1949, taking into account the failure of the bank to adhere to the aforesaid direction issued by the RBI.

 

HDFC partners with IMGC to provide a mortgage-guarantee-backed home loan

5c 9 - Current Affairs - May 16, 2019
Housing finance major HDFC Limited has partnered with India Mortgage Guarantee Corporation (IMGC) to offer a mortgage-guaranteed home loan product. The partnership aims to make it possible for HDFC to further penetrate the home loan market and access an enlarged customer base, helping them to own a home of their choice.
This product will help HDFC to offer more loan to a home loan customer on enhanced eligibility. It also helps customers to avail loans beyond their retirement period. The finer details of the product are being worked out and will be known to market soon.

 

Appointments 330 x 70 - Current Affairs - May 16, 2019

RBI appoints R Gandhi on board of YES Bank

6c 9 - Current Affairs - May 16, 2019
Former Reserve Bank Deputy Governor R Gandhi has been appointed as an additional director on the board of Yes Bank. The appointment is for a period of two years with effect from May 14, 2019, to May 13, 2021, or till further orders, the bank informed the stock exchanges. The apex bank exercised powers conferred under subsection (1) of Section 36AB of the Banking Regulation Act, 1949, to make this appointment.

 

Major General A K Dhingra appointed as the first Special Operations Division Commander

7c 9 - Current Affairs - May 16, 2019
Ace Special Forces operative and Sri Lanka war veteran Major General AK Dhingra has been appointed as the first head of country’s first tri-services Special Operations Division comprising commandos from all three services.
The Armed Forces Special Operations Division has been set up by the government to undertake joint operations by three services and will have elements from the Army’s Parachute Regiments SF, Marine Commandos (MARCOS) of the Navy and the Garud Commandos of the Indian Air Force.

 

Justice A. K. Sikri Appointed As Chairperson of the News Broadcasting Standards Authority

8c 10 - Current Affairs - May 16, 2019
Former Supreme Court Judge Justice A. K. Sikri has been appointed as the Chairperson of the News Broadcasting Standards Authority (NBSA). He will assume office on May 26, 2019. Justice Sikri will succeed Justice R. V. Raveendran, who completes his term on May 25, 2019. The News Broadcasting Standards Authority (NBSA) is an independent body for self-regulation of 24×7 news channels, who are members of the NBA.

 

Sports - Current Affairs - May 16, 2019

Manchester City retain Premier League title

9c 10 - Current Affairs - May 16, 2019
Manchester City defeated Brighton by 4-1 at the Amex Stadium, the UK in Premier League title match. Manchester City became the first team to retain the title in the last 10 years since Manchester United had done the same in 2009.

 

International - Current Affairs - May 16, 2019

India to co-chair Consultative Group (CG) of GFDRR

10c 8 - Current Affairs - May 16, 2019
India has been unanimously chosen as co-chair of the Consultative Group (CG) of Global Facility for Disaster Reduction and Recovery (GFDRR) for the fiscal year 2020. The decision was taken during the meeting of GFDRR held in Geneva, Switzerland on the margins of the 6th Session of the Global Platform for Disaster Risk Reduction.
GFDRR is a global partnership that helps developing countries better understand and reduce their vulnerability to natural hazards and climate change. It is a grant-funding mechanism, managed by the World Bank, that supports disaster risk management projects worldwide.

 

6th Session of Global Platform for DRR will be held in Geneva, Switzerland

11c 9 - Current Affairs - May 16, 2019
The 6th Session of the biennial Global Platform for (DDR) Disaster Risk Reduction (GP2019) will take place in Geneva, Switzerland from 13th May to 17 May 2019 and will be co-chaired by Switzerland and UNISDR. A high-level Indian delegation headed by Dr. P.K. Mishra, Additional Principal Secretary to Prime Minister, is participating in the Global Platform for Disaster Risk Reduction 2019.

 

Kami Sherpa scales Everest 23rd time

12c 8 - Current Affairs - May 16, 2019
A 49-year-old veteran Nepali sherpa has scaled Mount Everest for the 23rd time, breaking his own record in reaching atop the world’s highest peak. Kami Rita Sherpa, who summitted Everest the 22nd time last year to set a record of most summits on Mt. Everest, stood on top of the 8,850-metres peak together with other Sherpas on 15 May.

 

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