Current Affairs Current Affairs May 2018

  The Central Board of Direct Taxes (CBDT) notified the protocol amending the Double Taxation Avoidance Agreement (DTAA) between India and Kuwait. The protocol updates the provisions in the DTAA for the exchange of information as per international standards, and also enables sharing of information received from Kuwait for tax purposes with other law enforcement agencies, subject to an authorisation of the competent authority of Kuwait and vice versa.
Source- ANI News

 India and Sri Lanka agreed on cooperation on exchange of information and other aspects to tackle smuggling of drugs in both countries. A decision to this effect was taken at the third bilateral meeting between delegations from India's Narcotics Control Bureau (NCB) and Sri Lanka's Police Narcotics Bureau (PNB) on narcotics, drugs and psychotropic substances and related matters in New Delhi.
Source- Business Standard

  The Reserve Bank of India (RBI) announced that it would buy Rs. 10,000 crore ($1.50 billion) of government bonds via open market operation (OMO), after failing to sell all the debt it had offered to bidders. The 10-year government bond yield rose to 7.75% from 7.74% before the auction result was announced. The eligible participants should submit their offers in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system.
Source- The Moneycontrol

  India finished on top in the 7-nation 3rd South Asian Junior Athletics Championships in Colombo, Sri Lanka on the final day. India ended with 20 gold, 22 silver and 8 bronze medals (Total 50 Medals).  Host Sri Lanka bagged rest of the 12 gold medals in the competition along with 10 silver and 19 bronze. Pakistan won one silver and a bronze to settle for the third place. The juniors will next represent India at the 18th Asian Junior Athletics Championships to be held in Gifu, Japan in June 2018.
Source- The Times of India

 Vladimir Putin was sworn-in as the President of Russia for the fourth time, renewing another six-year term in office. Putin, who has ruled the country as either President or Prime Minister since 1999, won the presidential elections in March with over 76% of the votes.
Source- The Reuters

 The Department of Empowerment of Persons with Disabilities (DEPwD) under Union Ministry of Social Justice and Empowerment organised a ‘Cochlear Implant Awareness Programme’ at Huda Convention Centre in Faridabad, Haryana. The Minister of State for Social Justice & Empowerment, Krishan Pal Gurjar was the Chief Guest in the programme. Under the Assistance to Disabled persons (ADIP) scheme of the DEPwD, there is a provision for Cochlear Implant surgeries of hearing impaired children up to the age of 5 years at the cost of Rs 6.00 Lakhs per unit.
Source- DD News

  Ministry of Skill Development and Entrepreneurship (MSDE) and Ministry of Rural Development (MoRD), together joined hands to amplify the “Gram Swaraj Abhiyaan” of the current incumbent government which is promoting social harmony and awareness around the pro-poor initiatives of the government. MSDE organized a Kaushal and Rojgar Mela at New Women’s College in Bhubaneswar, Odisha, where more than 5000 people from different walks of life participated.  More than 29 state of art multi-skill ‘Pradhan Mantri Kaushal Kendras’ were also launched digitally across the country by Union Minister for Petroleum & Natural Gas, Skill Development & Entrepreneurship Dharmendra Pradhan.
Source- Press Information Bureau (PIB)

 Asian Development Bank Chief Economist Yasuyuki Sawada has stated India's projected GDP growth of over 7 percent for the current fiscal (2018-19) is amazingly fast and if this momentum is maintained the size of the economy can double within a decade.  According to ADB, India should not worry about not achieving 8 percent growth but focus on increasing domestic demand by reducing the income inequality.  

 Human Resource Development Ministry has launched a major and unique initiative of online professional development of 1.5 million higher education faculty using the Massive Open Online Courses platform SWAYAM. In the first phase, 75 discipline-specific National Resource Centres (NRCs) have been identified. National Resource Centres are tasked to prepare online training material with focus on new and emerging trends, pedagogical improvements and methodologies for transacting revised curriculum.
Source- DD News

  The 11th Executive Committee meeting of National Mission for Clean Ganga (NMCG) recently approved the project encompassing the use of Geographic Information System (GIS) technology for Namami Gange programme with a total budget of Rs 86.84 crore. In order to facilitate the Ganga rejuvenation task through the GIS technology, the National Mission for Clean Ganga has tied-up with the Survey of India, the oldest scientific department in the country set up in 1767. The project includes the use of Digital Elevation Model (DEM) technology which ensures accurate data collection.   The National Mission for Clean Ganga also approved the project to strengthen the State Pollution Control Boards (SPCBs) of five main stem Ganga basin states, namely, Uttarakhand, Uttar Pradesh, Bihar, Jharkhand and West Bengal. The project was approved at an estimated cost of Rs 85.97 for 5 years.
Source- Press Information Bureau (PIB)


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