 US President Donald Trump got the red carpet treatment at Japan’s Imperial Palacewhere he made history, becoming the first world leader to meet with the new emperor of Japan Naruhito. The US President is on a four-day state visit to Japan. Trump will go to the Japanese state guest house later for meetings and joint news conference with Japanese Prime Minister Shinzo Abe. |
| Source- All India Radio (AIR News) |
 Cyril Ramaphosa, the head of the African National Congress, was sworn in for a five-year term as South Africa’s president after being elected unopposed by Parliament following the sixth general elections. He was elected earlier this month with a majority of 57.50%, the smallest since the party came to power 25 years ago. Mr. Ramaphosa initially took over from Jacob Zuma in 2018 after Mr. Zuma was accused of corruption. Mr. Ramaphosa is the country’s fifth democratically elected president since apartheid ended in 1994. |
| Source- The BBC News |
 Sri Lankan navy has launched extra vigil on its northern seas in wake of media reports that some terrorist elements may have left the country to land on Indian shores. Earlier, several media outlets reported that a group of 15 suspected Islamic State terrorists were fleeing Sri Lanka towards the Kerala Coast. Coastal security has been beefed up across the Kerala coast in wake of reports. |
| Source- DD News |
 India bags a total of 57 medals including 12 Gold, 18 Silver and 27 Bronze at India Open International Boxing tournament in Guwahati. MC Mary Kom, Shiva Thapa, L Sarita Devi, and Naman Tanwar won gold in their respective finals. The London Olympic bronze medallist blew away the challenge of Vanlal Duati in a facile 5-0 win. This was Mary’s second gold in the tournament, having won in 48 kg last year in the capital. On the other hand, Deepak defeated Govind Kumar in 49 kg final while in 52 kg category- Amit Panghal defeated Sachin. |
| Source- All India Radio (AIR News) |
 Corporation Bank has launched ‘Corp SME Suvidha’, a product for GST-registered MSMEs. The product has been designed as part of the bank’s efforts to provide the best products to the MSME sector. PV Bharathi, Managing Director and Chief Executive Officer of the Corporation bank,launched the product in Mangaluru recently. |
| Source- The Hindu Business Line |
 RBI stated that all non-deposit-taking non-banking financial companies (NBFCs) with an asset size of Rs 5,000 crore and above, and all deposit-taking NBFCs irrespective of their asset size, have to maintain a liquidity buffer in terms of a Liquidity Coverage Ratio (LCR). In a draft on liquidity risk management framework for NBFCs and core investment companies, these measures will promote resilience of NBFCs to potential liquidity disruptions by ensuring they have sufficient High-Quality Liquid Asset (HQLA) to survive an acute liquidity stress scenario lasting for 30 days. The banking regulator proposed that it will implement LCR through a glide path from 01st April 2020 to 01st April 2024. |
| Source- Money Control |
 National Security Advisor Ajit Doval has stated that technology will play a pivotal role in guarding the borders in days to come as security challenges are increasing day by day. Doval was addressing 17th Investiture Ceremony of Border Security Force, BSF in New Delhi. |
| Source- DD News |
 Odisha’s ruling Biju Janata Dal (BJD) headed by incumbent Chief Minister Naveen Patnaik is all set to form a government for a fifth consecutive term. The new Cabinet is likely to be sworn-in on 27th May. The final Election Commission (EC) tally shows that the BJD won 112 of the 146 Assembly seats for which elections were held. The Bharatiya Janata Party (BJP) bagged 23, the Congress nine, the CPI(M) one and a solitary Independent was also elected. |
| Source- The Hindu |
 As per the Organisation for Economic Co-operation and Development’s (OECD) Economic Outlook, India’s economic growth will regain strength and approach 7.5% by 2020 buoyed by rural consumption and subdued inflation. As per the report, Gross domestic product (GDP) growth in India is projected to strengthen to close to 7.25% in FY19. This growth will come from higher domestic demand due to improved financial conditions, fiscal and quasi-fiscal stimulus, including new income support measures for rural farmers, and recent structural reforms. |
| Source- The Economic Times |
 British Prime Minister Theresa May announces resignation from her post. She will resign on 7 June. Her announcement triggers the start of a contest to replace her as Conservative leader and Prime Minister. |
| Source- BBC |
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