Current Affairs Current Affairs May 2019

 Vice President Venkaiah Naidu undertook an official visit to Vietnam at the invitation extended by Dang Thi Ngoc Thinh, Vice President of Vietnam. He was also invited by the Vietnam Buddhist Sangha and the organizers of the 16th UN Day of Vesak that is being held at the Tam Chuc Pagoda in Hanam Province in Vietnam to deliver the keynote address during the inaugural session.
Vesak is celebrated to commemorate the birth of Buddha. He also delivered the keynote address at the inaugural session of the event. The theme of the event was “Buddhist Approach to Global Leadership and Shared Responsibilities for Sustainable Societies.” Win Myint, the president of Myanmar, K.P. Sharma Oli, Prime Minister of Nepal and Tashi Dorjee, Chairman of the National Council of Bhutan also participated in it.
Naidu also met the Indian community and Vietnamese beneficiaries of the Jaipur Foot Artificial Limb Fitment Camp which was organized in Vietnam under the initiative termed‘India for Humanity‘. It was launched to celebrate the 150th Birth Anniversary of Mahatma Gandhi. 
Source- Press Information Bureau (PIB)

  The National Bank for Agriculture and Rural Development (NABARD) announced Rs 700-crore venture capital fund for equity investments in agriculture and rural-focused startups. NABARD has been contributing to other funds till now and this is the first time that the rural development bank has launched a fund of its own. The fund has been launched by Nabventures, a subsidiary of NABARD, and has a proposed corpus of Rs 500 crore with an option to retain over-subscription of Rs 200 crore, called as the greenshoe option. The fund will have a high impact as it will provide a boost to investment ecosystem in the core areas of agriculture, food and improvement of rural livelihoods.
Source- The Hindu Business Line

  ICICI Bank announced the launch of a co-branded multi-currency card with online travel booking portal Goibibo. The card also includes benefits of up to Rs20,000, including gift vouchers of Rs15,000 from Goibibo. Additionally, customers get 40 paise discount on the currency conversion rate on loading of a minimum of $1,000.
Source- The Hindu Busines Line

  The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs1 crore on Nainital Bank for its failure to fully automate the non-performing asset (NPA)identification process, despite specific directions issued in this regard.
Source- The Hindu Business Line

 LIC Mutual Fund appointed Dinesh Pangtey as the company’s Chief Executive Officer (CEO). Pangtey was Director and CEO at LIC Group’s private equity division LIC HFL AMC. He joined LIC as a direct recruit officer in 1984. He has also served as Regional Manager Marketing channel in Western Zone spanning the states of Maharashtra, Gujarat and Goa.
Source- ANI News

 CEAT Cricket Rating (CCR) Awards 2019 were announced in Mumbai. India captain Virat Kohli bagged the International Cricketer and Batsman of the Year awardduring the CCR International awards. Pacer Jasprit Bumrah was adjudged as International Bowler of the Year.
Here is the complete list of winners of CEAT Cricket Rating Awards 2019:
Sl. No. Category Winner
1.       International Cricketer and Batsman of the Year Virat Kohli
2.       International Bowler of the Year Jasprit Bumrah
3.       International Test Cricketer of the Year Cheteshwar Pujara
4.       International ODI Cricketer of the Year Rohit Sharma
5.       International T20 Player of the Year Aaron Finch
6.       Outstanding Performance of the Year Kuldeep Yadav
7.       International T20 Bowler of the Year Rashid Khan
8.       Lifetime Achievement Award Mohinder Amarnath
9.       Domestic Player of the Year Ashutosh Aman
10.   International Woman Cricketer of the Year Smriti Mandhana
11.   Junior Cricketer of the Year Yashasvi Jaiswal
Source- Hindustan Times

 The WTO Ministerial Meeting of Developing Countries concluded in New Delhi. The Ministerial Meeting began with a dinner hosted by the Union Minister of Commerce & Industry and Civil Aviation, Suresh Prabhu. The Director-General of WTO, Roberto Azevedo, was also present during the dinner.
Source- Press Information Bureau (PIB)

 India successfully conducted the flight test of ABHYAS – High-speed Expendable Aerial Target (HEAT) from a test range in Odisha. The trial, carried out by the Defence Research and Development Organisation (DRDO) from the Integrated Test Range (ITR) at Chandipur in Balasore, was tracked by various radars and electro-optic systems.
Source- The Economic Times

  Padma Shri awardee Bhojpuri vocal artist Hiralal Yadav passed away in Varanasi at the age of 93. Shri Yadav was a well known Bhojpuri folk singer from the ‘Birha’ genre, which revolves around the separation of a lover from his beloved. He received a Padma Shri award, the country’s fourth highest civilian award, in January 2019. In 2015, he was felicitated with the Yash Bharti award for his contribution in the field of music.
Source- The Hindu

 Global air passengers right expert Airhelp came out with the list of world’s best airports and Hyderabad Rajiv Gandhi International airport was ranked the world’s eighth best airport. The survey takes into account on-time performance, service quality and food & shops to determine the ranking.
The top 3 airports in the list of world’s best airports as per Airhelp are: 
  • Qatar’s Hamad International Airport
  • Tokyo International Airport.
  • Athens International Airport.
  • Source- Times Now

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