Current Affairs Current Affairs May 2018

  YES Bank is all set to roll out a capacity building project with farmers in Haryana and Rajasthan under its ‘Livelihood and Water Security’ CSR initiative. The overall focus of the programme would be on sustainable agricultural practices and digital literacy.
Source- The Hindu Business Line

  Indian Army’s month-long Vijay Prahar exercise concluded in Suratgarh, Rajasthan. It was conducted by South Western Command of Indian Army. The exercise was aimed to orchestrate wide spectrum of threats including  Nuclear, Chemical or Biological (NCB) attack which are planned to be tackled through high tempo joint air and land operation. The exercise was conducted to practice troops in penetrative manoeuvres across obstacle-ridden terrain under a nuclear umbrella.
Source- Business Standard

  President Ram Nath Kovind visited the Army base camp in Siachen, becoming the first President of India to visit the world’s highest battlefield in 14 years. The previous visit was undertaken by former president APJ Abdul Kalam in April 2004. Some of the posts on Siachen are located at an altitude of over 20,000 feet where the temperature drops up to minus 52 degrees Celsius.
Source- AIR World Service

 The inaugural session of the Indian Pavilion at the Cannes Film Festival 2018 was held at Cannes, France. It was hosted by noted actor Sharad Kelkar. A meeting between the Indian delegation and Ms. Isabelle Giordano, Director General, Unifrance, M. Loic Wong, Director of International Department, CNC, France was held to explore co-production opportunities between India and France.
Source- Press Information Bureau (PIB)

 Chinese e-commerce giant Alibaba had purchased leading Pakistani online retailer 'Daraz', continuing its overseas expansion by gaining a foothold in the growing South Asian consumer market. China is seeking closer economic ties with Asian neighbours including Pakistan through its Belt and Road initiative, a strategy to increase trade links that are led primarily by infrastructure projects. Daraz, founded in 2012, was purchased from Rocket Internet, a Berlin-based incubator of online startups.
Source- The Economic Times

 The Minister of State (I/C) for Tourism and Minister of State for Electronics and Information Technology, K. J. Alphons attended the Tourism Ministers’ conference by Shanghai Cooperation Organization (SCO) in Wuhan, China. At the inaugural session, the Minister stated that India’s Tourism sector is fast growing and has got an emerging market for outbound travel and a tremendous potential for tourism co-operation with the SCO region.
Source- Press Information Bureau (PIB)

 The Telangana government introduced Rythu Bandhu, a scheme to provide Rs4,000 per acre each to land-owning farmers for Rabi and Kharif seasons, and issued special passbooks for them. The programme was flagged off by chief minister K. Chandrashekhar Rao, who distributed 298 cheques to farmers at Huzoorabad Mandal in Karimnagar district. Beneficiaries will get the amount even if they do not take up farming. The state government has set aside Rs12,000 crore in the 2018-19 budget for Rythu Bandhu.
Source- The Livemint

 In collaboration with the U.S.-India Aviation Cooperation Program and the Government of India, US Trade and Development Agency (USTDA) is hosted the 6th U.S.-India Aviation Summit in Mumbai, India. The two-day Summit promoted a high-level dialogue on bilateral aviation issues and will provide a forum to identify solutions that support the rapid growth of India's aviation sector. The American Association of Airport Executives (AAAE) is organizing this visit on behalf of USTDA.
Source- ustda.gov

 Vice President Venkaiah Naidu arrived in Peru on the third leg of his three-nation visit to Central America. During his visit to Peru, he will be meeting with the top leaders of the country and discuss various issues of mutual interest. Both the counties will review the entire spectrum of bilateral relations including Trade and Commerce, Investments, Information Technology, Capacity building, Traditional medicines, Space, Defence, Culture and others. 
Source- AIR World Service

 Mahathir Mohamad was sworn in as Prime Minister of Malaysia. He took the oath at the Istana Negara Palace in Kuala Lumpur. Mahathir’s coalition, Pakatan Harapan, won 113 of the total 222 seats. He has replaced Najib Razak. His coalition defeated the governing Barisan Nasional coalition, led by Prime Minister Najib Razak, which has been in power for more than 60 years.  Ninety-two-year-old, Mahathir becomes the oldest Prime Minister in the world.
Source- DD News


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