Current Affairs Current Affairs May 2018

 As many as 26 countries, including India, will participate in the biennial Rim of the Pacific, RIMPAC military exercise from June 27 to August 2, in and around the Hawaiian Islands and Southern California. The announcement was made by the Pentagon. It is the world’s largest international maritime exercise. RIMPAC involves 47 surface ships, five submarines, 18 national land forces, and more than 200 aircraft and 25,000 personnel. The countries participating in the exercise include Australia, Canada, France, Germany, Indonesia, Japan, South Korea and the United Kingdom among others.
Source- AIR World Service

 The Government of India and the World Bank signed a $500 million loan agreement to provide additional financing for the Pradhan Mantri Gram Sadak Yojana (PMGSY) Rural Roads Project, implemented by Ministry of Rural Development, Govt. of India, which will build 7,000 km of climate resilient roads, out of which 3,500 km will be constructed using green technologies.
The World Bank has supported PMGSY since its inception in 2004. The World Bank has built and improved about 35,000 km of rural roads and benefited about eight million people with access to all-weather roads. The $500 million loan, from the International Bank for Reconstruction and Development (IBRD), has a 3-year grace period, and a maturity of 10 years.
Source- Press Information Bureau (PIB)

 The Third Home Affairs’ Dialogue between India and U.K. was held in New Delhi. The Government of India Delegation was led by Mr Rajiv Gauba, Union Home Secretary and the Delegation from Home Office of the U.K. was led by its Second Permanent Secretary, Ms. Patsy Wilkinson. The Dialogue covered a wide range of issues including cybersecurity, women safety, organized crime, terror financing etc.  and a need to put in place a mechanism for the timely exchange of information and intelligence inputs on such issues. 
Source- Press Information Bureau (PIB)

  Indian star cricketer Yuvraj Singh has been awarded the 'most inspiring icon of the year for Social Welfare' award by the Dadasaheb Phalke International Film Festival (DPIFF) for his exemplary contribution in the field of social welfare. Yuvraj was diagnosed with cancer (mediastinal seminoma) shortly after the World Cup. After successfully completing his chemotherapy cycle in the United States, Yuvraj returned to India in 2012 and made his international comeback in a Twenty20 match against New Zealand.
Source- NDTV News

 Kerala cartoonist Thomas Antony has won an international award, in the best caricature category. Antony is among the nine winners at the 13th edition of the World Press Cartoon awards, instituted by an organisationbased in Lisbon, Portugal. The awards are given to the best works published in 2017 in newspapers and magazines from around the world. According to World Press Cartoon website, the winners are from eight countries in three continents-- Europe, Asia and South America.

 Indian botanist Kamaljit S. Bawa (president of Bengaluru-based non-profit Ashoka Trust for Research in Ecology and the Environment) received the prestigious Linnean Medal in Botany from the Linnean Society of London. Dr. Bawa is the first Indian to win the award ever since it was first constituted in 1888. The scientist is being recognised for his pioneering research on the evolution of tropical plants, tropical deforestation, non-timber forest products and for decades of work on the biodiversity of forests in Central America, the Western Ghats and the Eastern Himalaya.
Source- The Hindu

 Indian Oil Corporation has emerged as India's most profitable state-owned company for the second consecutive year. Indian Oil posted a record profit of Rs21,346 crore in 2017-18, followed by ONGC, whose profit stood at Rs19,945 crore. Mukesh Ambani-led Reliance Industries is the most profitable company for the third straight year, posting highest ever profit of Rs36,075 crore.
Source- The Indian Express

 Infosys has completed the acquisition of WongDoody Holding Company, a US-based digital creative and consumer insights agency, for a total consideration of upto $75 million. Founded in 1993, WongDoody has clients across industries like telecommunications, consumer electronics, healthcare and consumer packaged goods.
Source- Zee News

 India's biggest lender State Bank of India (SBI) has revised its interest higher on retail fixed deposits or FDs below Rs. 1 crore. SBI has revision interest rates by up to 25 basis points in select maturities. The interest rate on SBI FDs with a maturity of one year to less than two years has been increased to 6.65% for the public, from 6.4% earlier.
Senior citizens will get an interest rate of 7.15% as compared to 6.9% earlier. SBI fixed deposits with a maturity of two years to less than three years will fetch an interest rate of 6.65%, higher than 6.6% earlier. Senior citizens will get 7.15% as compared to 7.10%. The interest rates across other maturities have been kept unchanged.
Source- The Times of India

 The joint military exercise SURYA KIRAN-13 between India and Nepal began at Pithoragarh in Uttarakhand. The military exercise is a biannual event which is conducted alternatively in Nepal and India every six months. Over 300 soldiers from both the countries are taking part in the exercise. The aim of this exercise is to conduct battalion level joint training with emphasis on counterterrorism operations in mountainous terrain. 
Source- AIR World Service


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