Weekly Current Affairs One Liners (14 May - 20 May) 2018: Download Now

Weekly Current Affairs One Liners (14 May - 20 May) 2018: Download Now

The one liner of the week is a recap of the important happenings that occurred Weekly Current Affairs One Liners (14 May - 20 May) 2018: Download Now

Weekly Current Affairs One Liners (14 May - 20 May) 2018: Download Now

The important happenings of the week covered in this segment include the Micro Irrigation Fund (MIF), Indian Institute of Technology (IIT)-Kanpur, Venture Capital Symposium 2018,  India Meteorological Department (IMD), International Rail Coach Expo (IRCE),  World Health Statistics 2018 etc..


BANKING & ECONOMY

  • The Reserve Bank of India (RBI) modified norms for setting up International Financial Services Centres (IFSC) Banking Units (IBUs) by banks in IFSCs.
  • BSE Ltd (earlier known as Bombay Stock Exchange) has become the first Indian exchange to be designated as Designated Offshore Securities Market (DOSM).
  • According to UN World Economic Situation and Prospects (WESP), India’s economy has been projected to grow at 7.6% in fiscal year 2018-19, making it fastest growing economy in the world.
  • The Cabinet Committee on Economic Affairs (CCEA) approved initial corpus of Rs.5,000 crore for setting up of dedicated Micro Irrigation Fund (MIF) in NABARD (National Bank for Agriculture and Rural Development) under Pradhan Mantri Krishi Sinchayee Yojana (PMKSY).
  • The subscriber base of Atal Pension Yojana (APY) crossed 1 crore subscribers mark since its launch in May 2015.

NATIONAL NEWS
  • The Indian Institute of Technology (IIT)-Kanpur set up India’s first Centre for Energy Regulation (CER) with the help of Govt of United Kingdom.
  • The state run Energy Efficiency Services Ltd (EESL) distributed over 30 crore light emitting diode (LED) bulbs across country under zero-subsidy Unnat Jyoti by Affordable LEDs for All (UJALA) scheme.
  • India  dragged  United  States  (US)  to  World  Trade  Organisation’s  (WTO)  Dispute  Settlement.
  • Mechanism over imposition of import duties on steel and aluminium.
  • The Venture Capital Symposium 2018, organized by NITI Aayog in association with Vision India Foundation, held in New Delhi to deepen the economic relationships between France and India.
  • The Commission for Scientific and Technical Terminology (CSTT) adopted the word 'AYUSH' in Hindi and English languages for scientific and technical purposes.
  • Northeast Frontier Railway of the Indian Railway started operating one lease Parcel Cargo Express Train (PCET) connecting northeastern part of the country to West Coast on fortnightly basis.
  • The Union Ministry of Commerce and Industry has issued a notification for creation of Directorate General of Trade Remedies (DGTR) in Department of Commerce.
  • The Union Environment Ministry, Harsh Vardhan has launched its full-fledged Green Skill Development Programme(GSDP) to train over 5.5 lakh workers in environment and forest sectors in the country through 30 courses by 2021.
  • The inaugural National Para Games, on the lines of National Games for able-bodied athletes, will held under the Khelo India Scheme from Jun 28 to Jul 07 in Bengaluru.
  • The fourth edition of Global Exhibition on services (GES-2018) has been inaugurated by President Ram Nath Kovind at Bombay Exhibition Centre in Mumbai.
  • The Commerce and Industry Minister, Suresh Prabhu has launched the Intellectual Property (IP) mascot - IP Nani at the conference on National Intellectual Property Rights Policy in New Delhi.
  • The fourth meeting of South Asia Wildlife Enforcement Network (SAWEN), an inter-governmental wildlife law enforcement agency was in Kolkata, West Bengal (India).
  • SAWEN comprises of eight South Asian countries: Afghanistan, Pakistan, India, Nepal, Bhutan, Bangladesh, Sri Lanka and Maldives. Its secretariat is in Kathmandu, Nepal.
  • The Indian Institute of Management Ahmedabad’s (IIMA’s) centre for innovation, incubation and entrepreneurship (CIIE) launched $25 million 'Bharat Inclusion Initiative' to fund start-ups.
  • The Union Ministry of New and Renewable Energy issued National Wind-Solar Hybrid Policy with an aim to boost renewable power generation by promoting new projects as well as hybridisation of existing ones.
  • The Genetic Engineering Appraisal Committee (GEAC) demanded more tests for genetically modified mustard- Dhara Mustard Hybrid (DMH -11) for “commercial cultivation.
  • The first-ever joint conference of Indian Customs and Department of India Posts held at Vigyan Bhavan in New Delhi to deliberate on streamlining of imports and exports by post.

STATE NEWS
  • Prime Minister Narendra Modi has inaugurated construction of Rs 6,809 crore Zojila tunnel project in Jammu and Kashmir’s Leh.
  • The apex court has approved Centre’s draft Cauvery Management Scheme for smooth distribution of water among four southern riparian states/UT viz. Karnataka, Tamil Nadu, Kerala and Puducherry.
  • Prime Minister Narendra Modi has inaugurated 300 MW Kishanganga Hydroelectric Project in Bandipora District of Jammu & Kashmir.
  • The Gujarat govt has launched free treatment scheme for the road accident victims.
  • Under this scheme, the state govt will bear medical expenses of up to Rs 50,000 for each victim of road accident in the state for the first 48 hours.
  • The Haryana Govt is planning to launch the ‘Chatra Parivahan Suraksha Yojana’ to ensure safety of girl students.
  • The India Meteorological Department (IMD) has issued advisory to Tamil Nadu, Kerala, Karnataka, Goa, Maharashtra and Lakshadweep archipelago (UT) over cyclonic storm ‘Sagar’.
  • The Himachal Pradesh govt will spend Rs 25 crore on renovating and developing the historic British Raj 'Bantony Castle Estate' as a major tourist attraction.
  • The first-ever International Rail Coach Expo (IRCE) held in Chennai, Tamil Nadu to focus on Rail Coaches and train sets.
  • President Ram Nath Kovind has inaugurated the Integrated Centre for Crisis Management (ICCM) at Bhabha Atomic Research Centre (BARC) in Mumbai, Maharashtra.
  • United Nations Development Programme (UNDP) is planning to set up skill development centre for clients of Bharosa, an integrated support centre for distressed women and children in Hyderabad, Telangana.
  • Four States and one Union Territory signed the first MoU with National Health Mission, Govt of India for implementing Ayushman Bharat-Pradhan Mantri Rashtriya Swasthya Suraksha Mission (PMRSSM).
  • Himachal Pradesh, Haryana, Jammu & Kashmir, Uttarakhand and Chandigarh (UT)
  • The Post Office Passport Seva Kendra (POPSK) run by an all-woman team has begun its operations in Phagwara, Punjab.
  • A meeting of stakeholders on Samarth Scheme (Scheme for Capacity Building in Textile Sector) under
  • Skill India Mission held in New Delhi to familiarize the stakeholders about scheme and its guidelines.
  • The first meeting of the BIMSTEC Working Group on Customs Cooperation held in New Delhi, India.

INTERNATIONAL NEWS
  • The 2018 BRICS Ministerial on Environment held at Durban, South Africa.
  • It has been agreed to include Indian societal movement “Green Good Deeds” in its official agenda in the next Ministerial in Brazil and another meeting in Russia.
  • The 57-members Organization of Islamic Cooperation (OIC) held extraordinary summit in Istanbul, Turkey to discuss recent Israeli violence against Palestinian protesters in Gaza Strip.
  • Russia unveiled world’s first floating nuclear power station at port city of Murmansk.
  • Guatemala has become the second country after US to open its Embassy in Jerusalem.
  • The World Health Organisation (WHO) published its first Essential Diagnostics List, a catalogue of tests needed to diagnose most common diseases along with number of global priority diseases.
  • World Health Organization (WHO) launched comprehensive plan "REPLACE" to eliminate industrially-produced artificial trans-fats from global food supply by 2023.
  • International Labour Organization’s (ILO’s) World Employment and Social Outlook Report projected increase in surface temperature due to global warming.
  • The Industrial and Commercial Bank of China (ICBC), a top state-run Chinese bank launched China’s first India-dedicated publicly offered investment fund.
  • Nepal will host the 2018 Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) summit.

SCIENCE & DEFENCE
  • According to the first of its kind study of NASA, India is among hotspots where overuse of water resources has caused sharp decline in availability of freshwater.
  • The Indian Institute of Science Education and Research (IISER) in collaboration with private company developed a new device-Arsenic Sensor and Removal Media to detect and remove arsenic content from water and make it safe and usable by households.
  • The Union Defence Minister Nirmala Sitharaman gave away the DRDO Awards- 2016 & 2017 to various DRDO scientists for their outstanding contributions to commemorate the National Technology Day (NTD-2018 – May 11).
  • Scientists discovered new frog species named Microhyla kodial or Mangaluru narrow-mouthed frog in a small industrial region in coastal Karnataka.
  • Indian Army flagged off Women Officers’ Mountaineering Expedition to Mt. Bhagirathi-II to explore maximum potential of women officers in the field of adventure sports.
  • Indian Army finalised Rs. 15,000-crore indigenous ammunition project under which range of ammunition for its critical weapons and tanks will be produced indigenously.
  • The India Meteorological Department (IMD) is planning to deploy 30 more doppler radars in the next two-three years across the country.
  • Scientists discovered the world’s second oldest grain of magnetic zircon from the Singhbhum rock at the Champua in Kendujhar district of Odisha.
  • Scientists at ISRO’s Liquid Propulsion Systems Centre (LPSC) has been developing environment-friendly propellant propellant blend based on hydroxylammonium nitrate (HAN) to power satellites and spacecraft.
  • China’s first domestically manufactured aircraft carrier known only as "Type 001A" started sea trials from Dalian port in Liaoning province.

APPROVALS & MOUS
  • The National Mineral Development Corporation (NMDC Ltd) bagged the S&P Global Platts Global Metals Award 2018 in the corporate social responsibility category at London Grosvenor Square Marriott Hotel in the UK.
  • The National Company Law Tribunal (NCLT) has approved Tata Steel's bid for Bhushan Steel Limited (BSL), clearing the deck for the bankrupt mill’s acquisition by India’s oldest maker of the primary infrastructure alloy.
  • The Cabinet Committee on Economic Affairs (CCEA) gave its approval for enhancement of budget by Rs.11,330 crore for Network For Spectrum (NFS) project.
  • The Union Cabinet has given its in-principle approval for establishing Central University by name of Central University of Andhra Pradesh in Janthaluru village of Ananthapur District of Andhra Pradesh.
  • The Union Cabinet approved setting up of a new All India Institute of Medical Sciences (AIIMS) in
  • Deoghar, Jharkhand under Pradhan Mantri Swasthya Suraksha Yojana (PMSSY).
  • The Union Cabinet approved strengthening commercial disputes resolution mechanism of Central Public Sector Enterprises (CPSEs) inter se and also between CPSEs and other Government Departments and Organizations.
  • The Union Cabinet approved establishment of National Institute of Mental Health Rehabilitation (NIMHR) at Bhopal, Madhya Pradesh.
  • The NTPC Limited signed an MoU with Bihar Govt to improve performance of power sector in the state.
  • India and Peru have signed an agreement on cooperation in the field of Renewable Energy at Lima.

RANKING & REPORTS
  • According to the World Health Statistics 2018 released by World Health Organisation (WHO), India saw estimated 211 cases of tuberculosis (TB) per 1,00,000 people in 2016.
  • According to UN World Economic Situation and Prospects (WESP), India’s economy has been projected to grow at 7.6% in fiscal year 2018-19, making it fastest growing economy in the world.
  • According to the Swachh Survekshan 2018, Indore has been ranked India’s first cleanest city, as per latest survey ‘Swachh Survekshan-2018’.
  • Bhopal ranked second whereas Chandigarh third in the survey at the national level.
  • According to recently released report by Mercom Communications, India has emerged as the third largest solar market in world in 2017 behind China and United States.
  • According to recent study of Lancet Global Health, 2,39,000 excess deaths per year of girls under age of five in India due to gender bias have been reported.
  • Credit rating agency Fitch in its second-quarter of Sovereign Credit Overview for Asia Pacific region has projected that India’s economic growth will accelerate to 7.3% in the current financial year FY19 and 7.5% in the next fiscal.
  • According to recently released report 'RemitSCOPE Remittance markets and opportunities Asia and the Pacific', India was largest remittance receiving country in the world with US $69 billion in 2017.

BOOKS
  • The book ‘Across the Bench – Insight into the Indian Military Judicial System’, authored by Lt Gen Gyan Bhushan has been released by Gen Bipin Rawat, Chief of Army the Staff.

AWARDS
  • The Megastar Amitabh Bachchan honoured by European Union for strengthening Europe-India cultural ties.
  • The Japanese family drama 'Shoplifters' received the coveted award for best film, the Palme d’Or, at the Cannes Film Festival.
  • Poland’s Pawel Pawlikowski won the best director award for his love story ‘Cold War’ at the Cannes Film Festival.
  • Deepak Joshi from India promoted to the FIH Promising List (Outdoor Hockey) umpires by the International Hockey Federation (FIH).
  • Veteran Bollywood actor Sridevi was honoured with the TITAN Reginald F Lewis Film Icon Award at the ongoing 71st Cannes Film Festival.
  • US-based Kathak dancer, Anindita Anaam honoured with the prestigious 'Shri Jayadev Rastriya Yuva Pratibha Puraskar 2018' for her outstanding contribution to the field of art.
  • Chennaiyin FC head coach John Gregory has been honoured with a Special Achievement Award by England’s League Managers’ Association (LMA) in London for becoming the first Englishman to win the Indian Super League (ISL).
  • The veteran British journalist and former BBC India correspondent, Sir William Mark Tully has been chosen for 2018 RedInk award for lifetime achievement in journalism.
  • The founder of Sulabh International, Dr Bindeshwar Pathak has been honoured with the Nikkei Asia Prize in Japan for his contribution to Asia’s development.
  • Legendary singer Lata Mangeshkar honoured with the Swara Mauli title by Shankarcharya Vidyanarsimha Bharati Swami at her residence Prabhu Kunj in Mumbai.
  • The Nobel laureate and noted economist, Prof. Muhammad Yunus, has been conferred with the 11th KISS Humanitarian Award 2018 for his unwavering commitment to eradicate global poverty and foster economic and social development.

SPORTS
  • Lewis Hamilton, a British racing driver who races in Formula One for the Mercedes AMG Petronas team, won the Formula 1 Spanish Grand Prix tournament 2018 at the Circuit de Barcelona-Catalunya in Spain.
  • Indian Shooter, Heena Sidhu has clinched the gold medal while compatriot P Shri Nivetha settled for bronze in the women’s 10m air pistol event at the International Shooting Competitions of Hannover, Germany.

APPOINTMENTS
  • India’s Youngest Women to scale Mt. Everest: Shivangi Pathak
  • President of Hockey India (HI): Rajinder Singh
  • President of Badminton Association of India (BAI): Himanta Biswa Sarma
  • Chief Justice of Manipur HC: Justice Ramalingam Sudhakar
  • Chancellor of Maulana Azad National Urdu University (MANUU): Firoz Bakht Ahmed
  • CMD of Coal India Limited: Anil Kumar Jha
  • Chairman of Odisha Tourism Development Corporation: Dilip Tirkey
  • Second country after US to open its Embassy in Jerusalem: Guatemala
  • Chairman of Lalit Kala Akademi: Uttam Pacharne
  • U.S India Business Council head for India: Ambika Sharma
  • Additional charge of NHAI: Yudhvir Singh Malik
  • Member of Board of Commissioners of Multnomah County in Oregon: Susheela Jayapal
  • Second two-year term of International Cricket Council (ICC): Shashank Manohar
  • Ministry of Information and Broadcasting (I&B): Col Rajyavardhan Rathore
  • Ministry of Finance to Railway Minister: Piyush Goyal
  • ‘Eminent Jurist' in Lokpal selection committee: Mukul Rohatgi

IMPORTANT DAYS
  • 18-MAY: International Museum Day: Museums and Hyper Communication – New Approaches and New Public.'
  • 17-MAY: International Day Against Homophobia, Transphobia & Biphobia – 'Alliances for Solidarity'
  • 17-MAY: World Telecommunication and Information Society Day – "Enabling the positive use of Artificial Intelligence for All"
  • 15-MAY: International Day of Families – "Families and inclusive societies."

OBITUARY
  • Lone freedom fighter of Muzaffarnagar district, UP: Raghuvir Singh
  • Noted tribal Artist (popularized the Warli paintings) : Jivya Soma Mashe
  • Lavani singer & Padma Shri recipient : Yamunabai Waikar
  • Tamil Novelist : Balakumaran
  • Veteran Journalist from Chhattisgarh : Govind Lal Vora
  • Early practitioner of “new journalism” : Tom Wolfe
  • Globally-recognised Theoretical Physicist : E.C.G. Sudarshan
  • British film Editor : Anne V Coates
  • Malayalam film-theatre Actor : Kalasala Babu
  • Pakistan’s World Cup-winning hockey goalkeeper : Mansoor Ahmed
  • Noted Hindi film lyricist, poet and politician : Nandram Das Bairagi

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