Current Affairs Last Week – GK Eduwrap – 29-May-2017 to 3-Jun-2017

Current Affairs Last Week – GK Eduwrap – 29-May-2017 to 3-Jun-2017



Read current affairs online with GK Eduwrap. It covers the last week current affairs in a comprehensive manner ensuring you prepare confidently for the general awareness for bank exams.



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National – Across the India



1. India has emerged as the third largest aviation market in the world with a passenger traffic of over 10 crores reported for 2016-17.


India-Third Largest in Aviation Market

  Minister Jayant Sinha confirmed that Regional Connectivity Scheme (RCS-UDAN) scheme will allow India to have 200 plus airports in the next 10-15 years.




2. Defence Minister Arun Jaitley has inaugurated the newly built Aeronautical Test Range (ATR) of the Defence Research & Development Organization (DRDO) at Chitradurga in Karnataka.


  The current length of the runway at the ATR is 2.2 km and it will be used for testing of bigger aircraft like AEW&CS (Airborne Early Warning &Control Systems) aircraft.




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3. PM Narendra Modi has embarked on a six-day tour of Germany, Spain, Russia and France starting from 29th May 2017 and ending on 3rd June 2017.


  The trip is aimed at boosting India’s economic and defence engagement and attracting more investment from some of the biggest economies in Europe.




4. Haryana Chief Minister Manohar Lal Khattar announced a slew of incentives for journalists: –


Pension Scheme for Journalists

  A Rs 10,000 monthly pension scheme for those who are above 60 years and have completed 20 years in the profession.


  A life insurance cover of Rs 10 lakh and a cashless mediclaim policy of Rs 500,000.




5. Bollywood superstar Amitabh Bachchan and actress Anushka Sharma will launch the Narendra Modi government’s ‘Darwaza Band’ campaign aimed at making India open defecation free.


Darwaza Band Campaign

  The campaign will be launched in Mumbai and will call for toilet usage in the rural areas across the country.




6. The Goa State government has decided to ban buying and selling of plastic bags below 50 microns with effect from July 2017.


  Initially, violators of the ban will be asked to pay a fine of Rs. 500 and subsequently the fine amount would be raised to Rs. 5000 depending upon the initiative’s success.




7. Human Resources Development Minister Prakash Javadekar has launched an Anti-Ragging Mobile App of the University Grants Commission (UGC).


  It will help the students to register complaints against the menace of ragging in the country.




8. Prime Minister Narendra Modi will inaugurate Kerala’s prestigious Kochi Metro project on 17th June 2017.


  The inaugural function of the 13 km Aluva-Palarivattom corridor will be held at Aluva in Ernakulam district.




9. Union Minister Venkaiah Naidu flagged off the first train of the Delhi Metro’s Heritage Line which will now be open for public.


Inauguration of Delhi Metro’s Heritage Line

  This 5.17-km-long corridor Heritage Line has four stations- Kashmere Gate, Dilli Gate, Jama Masjid and Lal Quila.




10. Ministry of Earth Sciences, Government of India is all set to launch Deep Ocean Mission by January 2018.


  This will improve India’s position in ocean research field.




11. India will become the first country to have all government-owned 12 ports running on solar and wind energy.


  The government plans to install almost 200 megawatts solar and wind power generation capacity at the ports by 2019.




12. Union Minister Manoj Sinha announced the India Mobile Congress 2017 (IMC 2017).


India Mobile Congress 2017

  It is scheduled as a three-day event from 27th to 29th September 2017 in New Delhi.




13. Shri D.V.Sadananda Gowda inaugurated the new office building of National Sample Survey Office (NSSO), Sankhyiki Bhawan in New Delhi.


  He also announced that India is participating in the current phase of International Comparison Programme (ICP) with reference to 2017.




14. The Delhi Police has launched patrolling on bicycle to improve policing in congested localities in trans-Yamuna region of the city.


Delhi Police launched Bicycle Patrolling

  The move is also being billed as a green initiative.




15. PM Narendra Modi and Japan’s PM Shinzo Abe will together lay the foundation stone for the bullet train project in the month of September 2017.


  The construction work would continue for another five years and mentioned that the government was committed to complete the project by the end of 2022.




16. The Telangana state government will launch its T-Wallet as an “anytime anywhere digital payment option for everyone”.


Telangana Government Launched T-Wallet

  The T-Wallet will charge a nominal cost for private transactions and charges will not be applicable for paying electricity bills, water bills, property taxes.




17. The government has launched ‘SPARROW-ITS’ (Smart Performance Appraisal Report Recording Online Window).


  It will enable the Indian Trade Service (ITS) officers to fill their Annual Performance Appraisal Report (APAR) online for the year 2016-17 onwards.




18. The Indian Railways introduced ‘Buy Now, Pay Later’ service for passengers to book tickets online first and make payment for the reservations within a window of 15 days.


  The new Indian Railway Catering and Tourism Corporation (IRCTC) feature is being enabled in partnership with the Mumbai-based ePaylater company.




19. The Rajasthan High Court recommended that the Centre declare cow as a national animal and increase the punishment for cow slaughter to life imprisonment.


  In a slew of directions passed on a Public Interest Litigation (PIL), the court asked the State Chief Secretary to take steps to get the suggestions implemented.




20. The Income Tax (IT) Department announced that taxpayers can now link their Aadhaar Card number with their Permanent Account Number (PAN) by using an SMS-based facility.


Aadhaar Card linked with PAN through SMS

  The two numbers can be linked by sending an SMS to either 567678 or 56161.




21. Maharashtra Chief Minister Devendra Fadnavis launched a web portal ‘Mahaswayam’ for job seekers, employers, entrepreneurs, and training institutes.


  Previously launched Maharashtra State Skill Development Society (MSSDS) portal, ‘Maharojgar‘ and ‘Mahaswayamrojgar‘ have now been merged into ‘Mahaswayam’.




22. The Haryana Cabinet approved the extension of Metro Rail from Narela in Delhi to Kundli in Sonepat district of Haryana.


  The construction for the Narela-Kundli extension will start in April 2018 and will end by March 2022.




23. The Union Ministry of Women & Child Development (MWCD) clarified that the Beti Bachao Beti Padhao scheme has no provision for individual cash transfer component.


Beti Bachao Beti Padhao Scheme

  Its focus is on issues of women empowerment on a life cycle scale. It is not a Direct Benefit Transfer (DBT) scheme.




24. The country’s First Automatic Coastal Warning for Disasters Early Warning Dissemination System (EWDS) will commission in Odisha from July 2017.


  Andhra Pradesh is also reportedly developing such system to alert the people in case of natural calamities.



25. M/s MITS Mega Food Park Pvt. Ltd. (Rayagada), first Mega Food Park in the state of Odisha has been inaugurated by Smt. Harsimrat Kaur Badal, Minister of Food Processing Industries.


  The Park will leverage an additional investment of about Rs. 250 crores in 25-30 food processing units in the park and generate a turnover of about Rs. 450-500 Crore annually.




26. Making of Developed India Festival – MODI Fest was inaugurated at Malleswaram in Bengaluru.


MODI Fest in Bengaluru

  The objective of the programme was to communicate on the occasion of completion of three years in office by the Central Government.




27. Nitin Gadkari launched web-based application for Infrastructure and Material Providers, INAM-Pro + in New Delhi.


  It is an upgraded version of INAM-Pro, designed by National Highways and Infrastructure Development Corporation Ltd (NHIDCL).




28. Telangana Chief Minister Chandrasekhar Rao announced a 6-point comprehensive plan for farmers in Secunderabad: –


  8 thousand rupees cash assistance per acre per annum to each farmer in the state.


  24/7 continuous electricity supply.


  Formation of crop colonies and support price for their yield.


  1000 social security pension for single destitute women.


  Rs 15,000 help to mother and child which incorporates ‘KCR Kits’ worth Rs 2,000 to take care of their nutrition and health needs.




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International – Across the Globe




1. As per India Development Report released by World Bank, India ranks 120th among 131 countries in terms of women participation in the workforce.


  In India, the women participation in the workforce is only 27%, which is much lower as compared to China and Brazil where it is in the range of 65 – 70%.




2. The first ever women television channel Zan TV (or Women’s TV) started in Kabul, Afghanistan.


  It is founded by Hamid Samar to highlight the rights of Afghan women, improve their status, and ensure their equity with men in the conservative society.




3. China launched cybersecurity law to ensure its national security, amid criticism from foreign companies.


China launched Cybersecurity law

  It will safeguard China’s cyberspace sovereignty, national security, public interest, as well as the rights and interests of citizens, legal persons, and other organizations.




4. Finance Minister Arun Jaitley will attend the annual meeting of Asian Infrastructure Investment Bank to be held in mid-June 2017 in South Korea.


  He will also attend Board of Governors meeting on 14th-15th June.


  This year’s meeting is being co-hosted by the Bank and Korea, and will be held in Jeju Island.




5. Nine Indian cities figured on the latest edition of JLL ‘Global 300′ cities.


9 Indian cities in Global-300'-rankings

  Delhi and Mumbai ranked in the ‘Global Top 30′.


  Bangalore, Chennai, and Kolkata ranked in the ‘Global Top 100’.


  Other cities are Hyderabad, Ahmedabad, Pune, and Surat.




6. India and Pakistan added as full members of the Beijing-backed Shanghai Cooperation Organization (SCO) that will be formalized at the political and security grouping’s summit in Astana, Kazakhstan.


  The SCO granted full membership status to Pakistan and India during its Ufa summit held in Russia in 2015.




7. Iceland has been named the world’s most peaceful nation in the 2017 Global Peace Index Ranking.


  New Zealand and Portugal have finished the top three, while Syria has been named the slightest peaceful.


  The US has dropped 11 spots to rank 114, while India is positioned 137 out of 163.




8. President Donald Trump announced US withdrawal from Paris Climate Change Agreement.


US withdrawal from Paris Climate Agreement

  He stated that the Paris accord would undermine the U.S. economy, cost U.S. jobs, weaken American national sovereignty.






Sports & Athletics



1. Ferrari’s Sebastian Vettel won the 2017 Monaco Grand Prix at the Circuit de Monaco, La Condamine and Monte Carlo, Monaco.


Sebastian Vettel

  The second place was secured by Ferrari’s Kimi Raikkonen, while the third place was secured by Red Bull’s Daniel Ricciardo.




2. South Korea defeated China and won badminton’s Sudirman Cup 2017 for the first time in 14 years, held in Gold Coast Australia.


  Korea won by 32 points against China.




3. Ananya Kamboj from Mohali has been selected to represent India as a young journalist at the Global Football For Friendship (F4F) social programme in Russia.


 Ananya Kamboj

  She will join young journalists from around the world in St. Petersburg, Russia in July 2017.




4. Arsenal won its 13th FA Cup with a 2-1 victory over Chelsea, the reigning Premier League champions at the Wembley Stadium in London, England.


  Arsenal lead by minutes only with Alexis Sanchez.




5. India’s Chadalavada Anandha Sundhararaman Bhavani Devi has become first Indian to win a Gold Medal in an International fencing tournament.


C. A. Bhavani Devi

  In the final, she defeated Sarah Jane Hampson of Great Britain.




6. Lionel Messi has won the European Golden Shoe for fourth time, drawing level with Real Madrid’s Cristiano Ronaldo.


  Messi previously won the award in 2010, 2012 and 2013.




7. ESPN has revealed the names of top 100 most famous athletes based on the combine endorsements with social media following and internet search popularity.


4 Indians in top 100 Most Famous Athletes List

  4 Indians have found a place in this elite and prestigious list – Virat Kohli (13), Mahendra Singh Dhoni (15), Yuvraj (90), and Raina (95).




8. Indian Cricketer Virat Kohli becomes the only cricketer to get featured in the top 10 of the ICC Players Rankings for One Day International (ODI).


  The top three batsmen featured in the ICC ODI Rankings are South Africa’s De Villiers (874 rating points), Australia’s David Warner (871 rating points) and Kohli (852 rating points).




9. Google on 1st June 2017 marked the beginning of the eight-nation ICC Champions Trophy 2017 with an addictive doodle game.


  The opening match was played between the hosts England and Bangladesh.


  India’s first match in the tournament was with Pakistan on 4th June at Edgbaston.




9. India’s Manika Batra and Mouma Das becomes the first Indian pair to reach the quarterfinals of the World Table Tennis Championships held in Dusseldorf.


Manika Batra & Mouma Das

  The next world TT championships will be held in Budapest in the year 2019.


  The duo will now take on the No. 1 and 2 Chinese players, Ding Ning and Liu Shiwen in an upcoming match.




10. The West Indies cricket team has been officially renamed as ‘WINDIES’.


  The West Indies Cricket Board has rebranded itself as ‘Cricket West Indies’ on its 90th anniversary.






Awards & Recognition



1. The 70th annual Cannes Film Festival took place from 17th to 28th May 2017 in Cannes, France. Here is the list of winners.


70th annual Cannes Film Festival

Category Awardee
Caméra d’Or (best first feature) Jeune Femme
Best short film A Gentle Night
Jury prize Loveless
Best actress Diane Kruger
Best actor Joaquin Phoenix
Best director Sofia Coppola
Grand Prix 120 Beats per Minute
70th Anniversary prize Nicole Kidman
Palme d’Or The Square




2. The Manipur government has declared Dailong village of Tamenglong district as a Biodiversity Heritage Site of the state.


  Dialong village, covering an area of 11.35 sqr km, has been declared Heritage Site under Section 37(1) of Biological Diversity Act, 2002.




3. Padmalaya Nanda from Odisha represented India at the Little Miss Universe beauty representation held in Georgia, the US from 31st May to 6th June 2017.


  She has also been nominated to represent India at the Little Miss World contest in Greece.




4. Three well-known artists from Odisha to get Sangeet Natak Akademi Awards in their respective fields.


Sangeet Natak Akademi Awards 2016

  Odissi dance Guru Ratikant Mohapatra, playwright and director Satyabrata Rout and Pala artist Laxmidhar Rout have been selected for the award.




4. Uttarakhand Mountaineer Border Security Force (BSF) Love Raj Singh Dharmshaktu become the first Indian to summit Mount Everest a record six times.


  He is a Padma Shri awardee and works as an assistant commandant with the BSF in Dehradun.




5. Priyanka Chopra will receive the prestigious Dadasaheb Phalke Academy Award in a new category that has been introduced by the jury – the ‘International Acclaimed Actress Award‘.


Priyanka Chopra

  She will be the first recipient of this award.


  Priyanka’s mother Madhu Chopra too will be honoured with Dadasaheb Phalke Award in the Best Film category for her maiden production, ‘Ventilator’.




6. Residents of Vadodara created a new Guinness world record with a maximum number of people sweeping the ‘floor’ (single venue).


  Around 5,058 people came together to sweep the venue – a bridge connecting Akota with Dandia bazaar which is spread over one kilometre.




7. HolidayIQ has awarded Lake Pichola as the best natural attraction in India at a Tourism Award Ceremony held at Hotel Taj Man Singh in New Delhi.


Lake Pichola awarded Best Attraction in India

  Lake Pichola was honored with the title “India’s Favorite Natural Attraction HolidayIQ Award”.




8. Dr. Sunil Kothari has been selected for the coveted Akademi Ratna award by the Sangeet Natak Akademi.


  He was instrumental in starting the School of Arts and Aesthetics at Jawaharlal Nehru University where he was appointed as the first professor.




9. Pranab Mukherjee presented the Hindi Sevi Samman Awards to 26 eminent Hindi scholars for the year 2015 at a function held at Rashtrapati Bhavan, New Delhi.


Hindi Sevi Samman Awards

  The awards were conferred to the scholars under 12 different categories for their contribution in the field of Hindi language and literature.




10. Union Health Minister J. P. Nadda has been honoured by the World Health Organisation with the Director General’s Special Recognition Award for his leadership and commitment to advancing tobacco control.


  Health ministers of Maldives and Bhutan were also among five individuals and institutions from the WHO South-East Asia Region for this year’s World No-Tobacco Day Award.




11. Indian American author Jhumpa Lahiri has been announced as the recipient of the 2017 PEN/Malamud Award for Excellence in the Short Story.


Author Jhumpa Lahiri

  She is the author of four widely acclaimed works of fiction: “Interpreter of Maladies,” “The Namesake,” “Unaccustomed Earth,” and “The Lowland”; and two works of nonfiction: “In Other Words” and “The Clothing of Books.”




12. Ordnance Factory Medak (OFMK) has been awarded Raksha Mantri’s Awards for Excellence as the Best Performing Factory of OFB for years 2014-15, 2015-16.


  OFMK manufactures SARATH (BMP-II), the Armoured Infantry Combat Vehicle, mainly used by mechanized forces of Indian Army.




13. Tata Motors was awarded ‘HR Innovation of the Year’, for its significant contribution to skill development in the automotive sector at the Asia-Pacific Excellence Awards held in Hong Kong.


  All skill development initiatives by Tata Motors are designed and implemented in line with the Global Skill Qualification Framework and Occupational Standards.




14. Kapil Sharma has been chosen for the prestigious Dadasaheb Phalke award 2017 along with the other celebrities.


Kapil Sharma

  Earlier also Kapil for his extraordinary comedy skills was awarded this award in 2014.




15. Dr. Sushil Kumar Sharma renowned cardiologist has been awarded the Double Helical National Health Award in the category of Excellence in the delivery of Cardiology Services across the state.


  He is credited with the establishment of Intervention Programme in GMC, Jammu, and performed more than 10,000 simple and complex procedures.




16. A 12-year-old Californian student, Ananya Vinay, won the 90th Scripps National Spelling Bee competition.


Ananya Vinay

  The competition was held in Washington’s Gaylord National Resort and Convention Center.




17. Raveena Tandon was honoured with the Best Critic Award by the Dadasaheb Phalke Academy.


  She was awarded the role of an avenging mother in the film Maatr‘.




18. National Assessment and Accreditation Council (NAAC) has received Asia Pacific Quality Network Award 2017 for International Co-operation in Quality Assurance.


  APQN Quality Award is among the most prestigious International Awards in quality assurance of higher education.




19. BJP leader and Chandigarh MP Kirron Kher released the stamp on noted playwright and theatre director late Balwant Gargi.


Stamp on Prof. Balwant Gargi

  Gargi was the founder-director of the Indian Theatre Department, Panjab University, Chandigarh.




20. Nepali-Hindi film Ralang Road will represent India at the 52nd Karlovy Vary International Film Festival at Karlovy Vary in the Czech Republic.


  Ralang Road has been nominated for the Crystal Globe Award along with 11 other films from around the world.




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Books & Authors



1. President of India Pranab Mukherjee has recently received the first copies of two books; Color Atlas of Oral implants and Conservative Dentistry – Basics.


President Receives First Copy of Two Books

  The color atlas, authored by Dr. Praful Bali and Dr. Lanka Mahesh focuses on advanced procedures performed by the authors in the field of dental implantology.


  The other book titled Conservative Dentistry – Basics, authored by Dr. Dildeep Bali and Dr. Deepika Chandhok focuses on the basic fundamentals of the subject.




2. Beren and Luthien, a book by Lord of the Rings author John Ronald Reuel Tolkien (JRR Tolkien) was published 100 years after it was first conceived.


Beren and Luthien Book

  The book was published by HarperCollins on the 10th anniversary of the last Middle Earth book ‘The Children of Hurin’.






Mergers & Acquisitions



1. Bharti Airtel has stated that it has got approvals from the SEBI for the proposed scheme of a merger with Telenor (India) Communications Private Ltd.


Airtel and Telenor Merger

  The merger will transfer all of Telenor India’s assets and customers and thus augment Airtel’s overall customer base and network.




2. Reliance Communications merged the wireless company with Aircel will be called Aircom.


  RCom can monetize 49 percent tower co stake in future through sale or a listing process.






Appointments & Resignations



1. Ms. Vani Sarraju Rao has been appointed as the next Ambassador of India to Finland.


Vani Sarraju Rao

  She is presently working as a Joint Secretary in the Ministry of External Affairs.




2. Manipur Governor and former minority affairs minister Najma Heptulla has been appointed as the chancellor of Jamia Millia Islamia for a term of five years.


  She is the first woman chancellor of the university since its establishment in 1920.




3. Mukhtar Abbas Naqvi has appointed a renowned social and educational activist George Kurian as Vice-Chairman of National Commission for Minorities (NMC).


George Kurian

  The other appointed members of the NMC are social activist Syed Ghayorul Hasan Rizvi (Chairman), Sulekha Kumbhare, Jain representative Sunil Singhi and Vada Dasturji Khurshed Kaikobad Dastoor.




4. Former Allahabad Bank chairperson and MD Shubhalaxmi Panse and private equity veteran Pradip Shah have been appointed as a member of Banks Board of Bureau.


  Banks Board of Bureau is headed by Vinod Rai.




5. The UN General Assembly elected Slovak foreign minister Miroslav Lajcak to be the next president of the 193-member powerful body.


Miroslav Lajcak

  Lajcak was elected by acclamation as President of the 72nd session of the UN General Assembly.




6. Economic Affairs Secretary Shaktikanta Das retired after serving the government for 37 years in various capacities.


  After Das’s retirement, Corporate Affairs Secretary Tapan Ray has taken additional charge as the Economic Affairs Secretary.




7. Ramachandra Guha, appointed by the Supreme Court as one of the four administrators of BCCI resigned from the post due to personal reasons.


Ramachandra Guha

  Historian Ramachandra Guha was a member of the Committee of Administrators (COA).




8. India’s Dhanraj Choudhary who represents Asia in the International Table Tennis Federation (ITTF), has been re-elected as Board of Director (BoD) for another four years along with other continental representatives.


  He will serve his second successive term as BoD at the ITTF.




9. Aleksandar Vucic has been sworn in as Serbia’s new president, promising to work for peace and stability in the war-weary Balkans while strengthening the country’s armed forces.


Aleksandar Vucic

  Vucic formally stepped down from his prime minister’s post and took over his new role after his win in April’s election.




10. Nirupama Rao appointed as the Public Policy Fellow at a top American think tank based in Washington.


  She was the former Indian Ambassador to the United States.




11. Indian Oil Corporation Ltd (IOCL) has appointed Sanjiv Singh as the new chairman of the company with immediate effect.


Sanjiv Singh

  He will be replacing B. Ashok.




12. Karnataka Home Minister G. Parameshwara resigned from the post following the Congress leadership’s decision to continue with him as the party’s state unit chief ahead of the 2018 Assembly polls.


  He is also the State Congress Committee chief.




13. Reserve Bank of India appointed S. Ganesh Kumar as Executive Director.


S. Ganesh Kumar

  He will look after Department of Information Technology, Department of Payment and Settlement Systems and Department of External Investments and Operations.




14. Citi Bank announced the appointment of Shinjini Kumar as Consumer Business Manager of Global Consumer Banking in India.


  She will take up the position at Citi India from June 24.




15. Shashi Shekar Vempati appointed as Chief Executive Officer (CEO) of Prasar Bharati for a period of five years.


Shashi Shekar Vempati

  Vempati is currently serving as a Member (part time) of the Prasar Bharati Board.




16. Ireland’s Fine Gael party has elected a Leo Varadkar as prime minister of Ireland.


  He will succeed Enda Kenny and will become the first gay prime minister.




17. Ganeshan Neelakanta Iyer has become the first Indian to be nominated as a member of the Umpires and Referees Committee (URC) by International Table Tennis Federation (ITTF).


Ganeshan Neelakanta Iyer

  He will serve for a term of two years which is further extendable.




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Economics & Banking GK



1. The Indian Oil Corporation (IOC) become the country’s most profitable state-owned company with net profit to Rs. 19,106.40 crores in the financial year ended March 31, 2017.


 Indian Oil Corporation

  Reliance Industries retained the crown of being India’s most profitable private company for the third year in a row, posting a net Rs. 29,901 crore in the financial year 2016-17.




2. The Reserve Bank of India (RBI) will observe financial literacy week from 5th-9th June 2017 across the country.


  It will focus on four broad themes; know your customer (KYC), Exercising Credit Discipline, Grievance Redressal and Going Digital (UPI and *99#).




3. Union Minister Bandaru Dattatreya announced Employees Provident Fund Organisation (EPFO) will invest Rs. 20,000 exchange traded funds in the financial year 2017-2018.


EPFO's Investment in Financial Year 2017-18

  Earlier EPFO had approved a hike in investment limit in exchange traded funds to 15 percent from 10 percent.




4. State Bank of India (SBI), Bank of Maharashtra and Canara Bank have hiked charges for several services provided to customers.


  These include an increase in charges for chequebook issuance, signature verification, cash handling charges, withdrawals beyond stipulated numbers and card issuance charges.




5. According to the World Bank, India’s economy will grow 7.2% in the fiscal year 2017-18.


  GST would lead to higher tax collection, greater digital financial inclusion and make India’s fundamentals stronger and yet not increase the burden on the poor.




6. Export-Import Bank of India (Exim India) has extended a $500 million line-of-credit (LoC) to SBM (Mauritius) Infrastructure Company Ltd.


  This LoC has been extended for financing its participation through Redeemable Preference Shares in public sector entities to implement infrastructure of other projects in Mauritius.




7. The Reserve Bank of India will soon introduce currency notes of one rupee denomination.


1-Re Currency Notes

  The notes, which have already been printed by the Government of India, are legal tender under the Coinage Act, 2011.




8. RBI deputy governor S.S. Mundra pushed banks to allow customers to move seamlessly between banks without having to change their account numbers.


  He also said the central bank would soon come out with final guidelines on customer protection to limit their liability in case of fraud in electronic banking transactions.




9. The Asian Development Bank (ADB) and the Punjab National Bank (PNB) signed a $100 million loan, to be guaranteed by the Government of India.


  The loan signed will finance large solar rooftop systems on industrial and commercial buildings throughout India.




10. According to Moody’s Investors Service, India’s economic growth will accelerate to 7.5 percent in the current fiscal and the government’s reform push will help achieve 8 percent GDP growth rate in about four years.


  The Indian economy grew 7.1 percent in 2016-17 fiscal.




11. An agreement for IBRD Credit of USD 36 Million from World Bank for “Himachal Pradesh Public Financial Management Capacity Building Program” was signed in New Delhi.


  The objective of the project is to improve the efficiency of Public Expenditure Management and Tax Administration in Himachal Pradesh.




12. India lost its fastest-growing major economy tag in the January-March period, GDP growth coming down to 6.1 per cent compared with 7 percent in the previous quarter.


  The growth of 6.1 per cent was also lower than China’s growth in the same period which was 6.9 per cent.




13. Bank of India conducted a mass contact programme ‘Star Mahotsav’ across its branch network.


  The aim was to contact every customer at their doorstep either for recovery of bad loans, disbursement of retail loans including housing and vehicle loan.




14. SEBI has formed a Committee on Corporate Governance under the chairmanship of Uday Kotak.


  The move is aimed at improving the standards of corporate governance of listed companies.




15. State Bank of India and the World Bank announced that they had financed 100 MW of rooftop solar projects worth Rs. 400 crores in India.


  SBI got a loan of $625 million from the World Bank via Grid-Connected Rooftop Solar PV (GRPV) projects undertaken by developers, aggregators, end-users, for installation of rooftop solar systems.




16. The Reserve Bank of India (RBI) has initiated prompt corrective action (PCA) for Dena Bank in view of high net non-performing assets and negative return on assets.


  Prompt Corrective Action is the action which will not have any material impact on the performance of the bank to improve its activities.






Bills – New & Amendments



1. President of Egypt Abdel Fattah el-Sisi signed into law a contentious new bill that regulates non-governmental organizations (NGO).


Abdel Fattah el-Sisi signed New Law

  Under the new law, foreign non-governmental groups will have to pay up to 16500 dollars to start working in Egypt and renew their permit on a regular basis.






Memorandum of Understanding (MoU)



1. PM Narendra Modi and PM of Mauritius Pravind Kumar Jugnauth inked important agreements for the following:-


India and Mauritius signed MoUs

  Maritime Security.


  Setting up of a civil services college in Mauritius.


  Marine sciences and technology.




2. India and Fiji signed an MoU on Defence Cooperation in New Delhi.


  The MoU was signed on cooperation on defence industry, military training, humanitarian assistance & disaster management.




2. Government-run Prasar Bharati got into an agreement with Morocco’s Societe Nationale de Radiodiffusion et de Television (SNRT) to step up cooperation in the broadcasting sector.


  The MoU was signed during the fifth India Morocco Joint Commission Meeting (JCM) in Rabat, Morocco’s capital.




3. Gujarat Cooperative Milk Marketing Federation (GCMMF) which markets its product under the brand name ‘Amul’ has signed an MoU with ISRO for fodder acreage assessment using satellite observation and space technology.


Amul & ISRO signed MoU

As per the MoU, ISRO will help in identification between food crops and fodder crops at village level and locate suitable areas of current fellows and cultivable wastelands at village level for green fodder cultivation.




4. India and Germany have inked 12 agreements which include 9 joint declarations of intent (JDIs) and 3 MoUs.


  The agreements are made in the fields of trade, skill development, cyber security, and terrorism.




5. India and Spain have signed seven agreements during the meeting of PM Narendra Modi to Spain linked with: –


 India and Spain signed MoU

  Transfer of Sentence Persons.


  Cooperation in Organ Transplantation.


  Cooperation in Cyber Security.


  Cooperation in Renewable Energy.


  Technical Cooperation in Civil Aviation.


  Visa waiver for holders of diplomatic passports.


  Foreign Service Institute and Diplomatic Academy of Spain.




6. India and Russia have inked 5 pacts during the visit of Prime Minister Modi to Russia for: –


  Cultural exchanges.


  Construction of the third stage of the Kudankulam NPP (KK5 & KK6) along with the Credit Protocol.


  Scientific and Industrial Research.


  Implementation of the high-speed service at the Nagpur-Secunderabad section.


  Promotion of the Export of Precious Stones and Jewellery of India.




7. Samsung India has signed a MoU with the Ministry of Micro, Small, and Medium Enterprises (MSME).


Samsung India signed MoU with MSME

  The MoU was signed for setting up two new Samsung Technical Schools in Bengaluru and Jamshedpur as well as to renew the partnership for 10 existing schools being run across the country.




List of CEOs, MDs & Heads of Indian Banks 2017 [Updated]




Science & Technology



1. ISRO launched the Heaviest Rocket called the Geosynchronous Satellite Launch Vehicle Mark III (GSLV Mk-III) on 5th June 2017.


GSLV-Mark-III To be Launch on 5th June

  It will help India become self-reliant for launching satellites as it would be capable of placing 4 tonnes glass geosynchronous satellite into orbit.




2. India’s first three cases of the Zika virus were reported between February 2016 and January 2017 in Ahmedabad, the World Health Organization (WHO) confirmed in its disease outbreak bulletin.


  It said the Centre confirmed the three cases, in two pregnant women and in an elderly man.




3. A deep depression in the Bay of Bengal has been declared intensified into a tropical cyclone named Mora.


Tropical Cyclone - Mora

  It may help to pull monsoon faster over the mainland.


  This is the second cyclone in the Bay of Bengal after Maarutha.




4. The construction of the world’s largest optical and infrared telescope, to be located at the Paranal Observatory in the Antofagasta region was inaugurated in Chile.


  The telescope will be constructed at a 3000-meter-high mountain in the middle of the Atacama Desert.




5. India’s homegrown Global Positioning System (GPS), the Indian Regional Navigation Satellite System (IRNSS) will become operational early in 2018.


India's own GPS: IRNSS

  At present, NavIC is being tested for its accuracy and is most likely to be available in the market for public use early next year.




6. According to the source, a malware which is named as ‘Judy’ has been attacked more than 3.65 crores of Android users.


  This malware attacked Android users through the simple fashion and cooking game apps on the Google Play Store.




7. NASA scientists have developed a new software that will help drones automatically spot the best places to crash-land in the case of an emergency, without hurting anyone on the ground.


NASA developed New Software

  Increasing numbers of drones in the sky raise the risk to people and property below being hit when these unmanned aerial vehicles develop mechanical problems.




8. Scientists at IIT Kharagpur has come up with a new technology known as soil-to-soil manufacturing technology for manufacturing cheaper, quicker and pollution-free.


  The scientists used corn, sugarcane plants, the waste part of paddy straw, bamboo, banana plant, pineapple and cotton plants to produce biofuel.




9. NASA’s Parker Solar Probe launched in the summer of 2018 to explore the sun’s atmosphere.


NASA Parker Solar Probe Mission

  The satellite is named as the Parker Solar Probe in honour of astrophysicist Eugene Parker.




10. Microsoft Co-founder Paul Allen announced publicly the world’s largest aircraft called ‘Stratolaunch’ with a 385-foot wingspan, capable of launching rockets.


  The aircraft capable of carrying up to 250 tonnes of cargo.




11. Scientists have discovered a potentially habitable Earth-like planet named Super Earth, located just 21 light years away, that may host liquid water on its surface.


Super Earth

  Researchers used the radial velocity technique, which involves measuring the changes in the position and velocity when the star and a planet rotating around their common centre of gravity.




12. The United States for the first time has successfully tested its defence system against an Intercontinental Ballistic Missile (ICBM).


  During the test, a ground-based interceptor launched from the California air base had shot down a mock intercontinental ballistic missile target which was fired from the Reagan Test Site in the Marshall Islands.




13. India successfully test-fired Prithvi-II ballistic missile of the Integrated Test Range (ITR) at Chandipur in Odisha’s Balasore.


Prithvi-II Ballistic Missile

  It has a strike range of 350 km, capable of carrying 500 kg to 1,000 kg of warheads and is thrust by liquid propulsion twin engines.




14. Defence Minister Arun Jaitley announced the second Scorpene-class submarine, INS Khanderi is ready for surface sea trial.


  It has been built at Mazagon Dock Limited (MDL) in Mumbai, Maharashtra.




15. The Laser Interferometer Gravitational-Wave Observatory (LIGO) in the U.S. detected merger of two black holes.


LIGO detected Merger of 2 Black Holes

  The third Hole named GW170104 marks the detection of gravitational waves coming from a binary black hole merger.




16. Japan launched a satellite to help build a high-precision geolocation system that will complement the US operated Global Positioning System (GPS).


  The rocket carrying the Michibiki No. 2 satellite, H-IIA, was launched from the Tanegashima space center in Kagoshima Prefecture, Southern Japan.




17. Indian Institute of Technology Kharagpur has developed a wireless technology called AmbuSens.


IIT's Wireless Technology- AmbuSens

  It will help in wireless monitoring of various physiological conditions of patients who are ferried in ambulances.






Important Dates


1. The International Day of United Nations Peacekeepers is observed every year on 29th May to pay tribute to all the men and women who have served and continue to serve in United Nations peacekeeping operations.


International Day of United Nations PeacekeepersWorld No Tobacco Day

  The theme for the 2017 International Day of UN Peacekeepers is Investing in Peace Around the World.




2. 28th May was declared as International Day of Action for Women’s Health.


  The focus of the day is on protecting the sexual and reproductive health of women.




3. World No Tobacco Day (WNTD) is observed around the world every year on 31st May to encourage a 24-hour period of abstinence from all forms of tobacco consumption around the globe.


 World No Tobacco Day

  The theme for World No Tobacco Day 2017 is Tobacco – a threat to development.




4. World Milk Day is an initiative of the United Nations Food and Agriculture Organization (FAO) to celebrate the contribution of the dairy industry around the globe on 1st June every year.


  The tagline added this year as a Raise a glass for milk.






Recent Notable Deaths



1. Former Greek Prime Minister Constantine Mitsotakis, one of Greece’s most prominent veteran politicians has died.


Constantine Mitsotakis

  Mitsotakis was prime minister of Greece from 1990 to 1993.




2. Noted director and former Union Minister, Dasari Narayana Rao has died at a corporate hospital.


Dasari Narayana Rao

  He directed 151 movies and produced a few more and has had the distinction of working with stalwarts like N.T. Rama Rao.


  He holds Limca World Record for directing the most number of films.




3. Former Panama dictator Manuel Noriega passed away on 29 May 2017 following a prolonged illness.


  Noriega ruled Panama from 1983 to 1989.


  He was serving a sentence for murder in Panama at the time of his death.




4. Parvathamma Rajkumar, a Kannada film producer, and wife of the late Kannada superstar Rajkumar passed away due to prolonged illness.


Parvathamma Rajkumar

  She was the only woman producer-distributor-exhibitor of Kannada films.




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Important Abbreviation used in this Article



Abbreviation Full Form
DRDO Defence Research & Development Organization
UGC University Grants Commission
MSSDS Maharashtra State Skill Development Society
MWCD Ministry of Women & Child Development
EWDS Early Warning Dissemination System
NHIDCL National Highways and Infrastructure Development Corporation Ltd
SCO Shanghai Cooperation Organization
OFMK Ordnance Factory Medak
NAAC National Assessment and Accreditation Council
NMC National Commission for Minorities
ITTF International Table Tennis Federation
IOCL Indian Oil Corporation Ltd
URC Umpires and Referees Committee
EPFO Employees Provident Fund Organization
SNRT Societe Nationale de Radio diffusion et de Television
GCMMF Gujarat Cooperative Milk Marketing Federation
GSLV Geosynchronous Satellite Launch Vehicle
IRNSS Indian Regional Navigation Satellite System
ICBM Intercontinental Ballistic Missile
GPS Global Positioning System



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