Daily Current Affairs Update –24th May 2017

GK Eduwrap 24 May


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National – Across the India:



1. Dr. Mahesh Sharma, Minister of State (I/C) for Culture and Tourism inaugurated an exhibition “Return of the Three Stone Sculptures from Australia to India” in National Museum, Janpath New Delhi.


Exhibition on Return of Three Stone Sculptors


 The exhibition is organized to mark the safe return of three stone sculptures (Seated Buddha, Worshippers of Buddha, Goddess Pratyangira) from Australia to India.


 The Minister released a book entitled ‘War Paintings of The Irresistible Jat King Surajmal’ by Dr. Satya Vrata Tripathi and also launched an ‘App on Swachchta Abhiyan’.




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2. Environment Ministry along with the UN Environment OzonAction’s Compliance Assistance Programme, organized an “Ozone2Climate” Technology Roadshow in Agra.


 This is the first time the Ozone2Climate Technology Roadshow was organized as a part of the annual network meeting globally.




3. Union Power Minister Piyush Goyal launched the Saral Eindhan Vitaran Application (SEVA), developed in-house by Coal India Limited (CIL) for power sector consumers.


SEVA App Launched


 SEVA is a part of ‘Digital India’ initiative, which is aimed at increasing the Consumer Connect as well as the Transparency and Accountability in Coal dispatch.




International – Across the Globe:



1. The third Intersessional Ministerial Meeting of the Regional Comprehensive Economic Partnership (RCEP) was held in Vietnam’s capital Hanoi.


3rd RCEP Meeting


 The meeting was attended by 16 economic and trade ministers from the 10 member states of the ASEAN and its six partners including China, Australia, India, Japan, South Korea, New Zealand.




2. PM Narendra Modi called for the creation of an Asia-Africa growth corridor for the development of Africa.


 The creation of the corridor was called at the 52nd Annual Meeting of African Development Bank (AfDB) at Mahatma Mandir in Gandhinagar, Gujarat.


 The core theme of the Annual Meeting is ‘Transforming Agriculture for wealth creation in Africa’.




Awards & Recognition:



1. Jio Mumbai Academy of the Moving Image (MAMI) film festival announced a new award category for digital content for this year ‘s festival to held from 12th-18th October.


Jio MAMI Film Fest Announced New Category


 This award will encourage young talent to break the boundaries of their creative ideas and take Indian Cinemas to new and greater heights especially in the digital space.


 The winners will receive a cash prize of Rs 2.5 lakh.




Books & Authors:



1. Union Minister Kiran Rijiju unveiled a philosophical novel on God titled “Confessions of a dying mind: the blind faith of atheism” in New Delhi.


Book-Confessions of a dying mind


 The book is written by IAS officer Hualianlal Guite.


 The book is published by UK Based Bloomsbury Publishing.




Appointments & Resignations:



1. The Member States of WHO elected Dr. Tedros Adhanom Ghebreyesus as the new Director-General of WHO.


Dr. Tedros Adhanom Ghebreyesus


 He was nominated by the Government of Ethiopia, and will begin his five-year term on 1st July 2017.


 He will succeed Dr. Margaret Chan, who has been WHO’s




2. Tata Sons Ltd appointed Shuva Mandal as group general counsel with effect from July.


 He will succeed Bharat Vasani, will continue with the group as Legal Adviser to the Chairman’s office.




3. Paytm Payment Bank appointed three members PV Bhaskar,Ash Lilani, GS Sundarajan as the new board members.


PV Bhaskar,Ash Lilani, GS Sundarajan


 Paytm founder and CEO Vijay Shekhar Sharma will act as a non-executive chairman.


 Paytm Payments Bank CEO Renu Satti will also serve as a director on the bank’s board.




How to prepare for SSC CGL Tier 1 in 30 days – Prep Strategy, Tips & Tricks!




Economics & Banking GK:



1. Bank of Baroda and Indian Farmers Fertilizer Cooperative Limited (IFFCO) rolled out their first set of co-branded debit cards for farmers as part of a novel initiative to push digitalisation and cashless economy.


BOB's and IFFCO's Co-branded Credit Card


 Two lakh co-branded debit cards will be issued initially to the farmers beginning with the States of Uttar Pradesh, Bihar, Rajasthan and Madhya Pradesh.




2. The Union Finance Ministry announced that the taxation on entertainment, cable and DTH services will come down under the GST regime.


 Under GST, only the taxes levied by a Panchayat or Municipality on entertainments and amusements will continue.


 The Entertainment Services like events or cinematography films in cinema theatres will attract 28 percent GST with effect from 1st July 2017.




Memorandum of Understanding (MoU):



1. IIT Kharagpur’s Rekhi Centre of Excellence for the Science of Happiness has signed an MoU with Madhya Pradesh government ‘Rajya Anandam Sansthan’.


IIT Kharagpur signed MoU with MP Government


 The MoU was signed to collaborate on the development of a Happiness Index for measuring the well-being of the residents of the state.




2. The Central Board of Direct Taxes (CBDT) signed two Unilateral Advance Pricing Agreements (APA) with Indian taxpayers.


 Among these two agreements, one also has a Rollback Provision.


 The two APAs signed pertain to chip design and development of embedded software and Information technology sectors of the economy.




3. Karnataka Bank entered into the distribution agreement to sell mutual fund products of HDFC Capital Asset Management Limited, during exchanged the memorandum of understanding (MoU) in Mangaluru, Karnataka.


Karnataka Bank signed Agreement with HDFC


 Investment in mutual funds will provide an opportunity to those customers who are uncomfortable about investing directly in stock markets.




Science & Technology:



1. The ISRO and the NASA have collaborated to make an Earth-imaging satellite called NASA-ISRO Synthetic Aperture Radar (NISAR).


NISAR Satellite


 It will help scientists to monitor Earth and is scheduled to be launched in 2021.


 The estimated cost of the radar is over 1.5 billion dollars and it could possibly be the world’s most expensive Earth imaging satellite.




2. Scientists have developed a way in which chemical droplets can store information in a one-bit chemical memory unit called the chit.


 As the chit allows for chemical computing, all the components it uses are chemical.


 According to researchers, this brand-new type of computing could create an entirely new way to store, read, and transfer information.




3. Google’s Alpha Go Artificial Intelligence program defeated a Chinese grandmaster at the ancient board game Go.


 Google’s Alpha Go Artificial Intelligence


 AlphaGo’s success is considered the most significant yet for AI due to the complexity of Go, which has an incomputable number of move options and puts a premium on human-like “intuition”, instinct and the ability to learn.




4. The second prototype of the Light Utility Helicopter (LUH PT2), developed by Hindustan Aeronautics Limited (HAL), successfully completed its first flight for 22 minutes in Bengaluru.


 LUH is being designed to fly 350 km non-stop at a speed of 220 kilometers per hour.

 The aircraft is capable of reaching a maximum height of 6.5 Km and can carry a payload of 400 kg.

 It will replace the Chetak and Cheetah helicopters that have been in use for more than three decades.




5. Airlander 10, the world’s largest aircraft has successfully completed a test flight by flying for a total of 180 minutes in Cardington, United Kingdom.


 Airlander 10


 It is hybrid ship i.e. it is a partly plane and partly airship filled with helium gas.


 It is 92-metre-long and 43.5m wide. It can fly at up to 6,100 meters and reach speeds of 148 kilometers per hour.




Important Dates:



1. World Turtle Day is observed on 23rd May every year.


World Turtle Day


 The observance aimed at protecting turtles and tortoises and their rapidly disappearing habitats across the world.




Recent Notable Deaths:



1. Actor Sir Roger Moore, best known for playing James Bond, has died due to cancer.


Sir Roger Moore


 He played the famous spy in seven Bond films including Live and Let Die and A View to a Kill.


 Sir Roger was also well known for his humanitarian work – he was introduced to UNICEF by the late Audrey Hepburn and was appointed as a goodwill ambassador in 1991.




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GK Eduwrap will help you keeping aware about all the major happenings of the country and the world and update your current affairs/general knowledge.


This will help you in preparing for all the competitive exams like IBPS, SSC, RRB, etc.


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