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Top 10 Daily Current Affairs : 16 May 2019 16 May 2019
India signed the Christchurch Call to Action in Paris. The agreement came in the backdrop of the attacks on Christchurch in March and is aimed at stopping the abuse of the Internet by extremists.
The meeting held in Paris was attended by representatives of online giants like Microsoft, Google, Twitter, Facebook, and Amazon. India was represented by Ajay Prakash Sawhney, Secretary, Ministry of Electronics and Information Technology.
Counter the drivers of... Read More
Palaeontologists from Ludwig-Maximilians University (LMU) in Munich and the University of Fribourg have unearthed a new species of flying dinosaur that flapped its wings like a raven and could hold vital clues as to how modern-day birds evolved from their reptilian ancestors.
The scientists came across a petrified wing, which the team initially assumed to be the same species while examining rock formations in the German region of Bavaria which is home to nearly all known Archaeopteryx... Read More
The Alabama Senate has passed the most restrictive abortion Bill in the U.S., which places a near-total ban on the termination of pregnancy (abortion), even in cases of rape and incest, and could punish doctors who perform the procedure with life in prison. The text passed by the Republican-led Senate has been sent to Governor Kay Ivey’s desk for signature into law and, if approved, is expected to trigger a legal battle.
Under the Bill:
Performing an abortion is a... Read More
Home Ministry canceled the registration of NGO Infosys Foundation under the Foreign Contribution (Regulations) Act for violating the norms of receiving foreign grants.
Under the FCRA Act, all non-government organizations (NGOs) have to mandatorily register under the act.
Infosys Foundation had not submitted annual income and expenditure statement on foreign funding for last 6 years. Due to this reason the registration of Infosys Foundation was canceled by Home Ministry.
Under the FCRA Act,... Read More
Small Industries Development Bank of India (SIDBI) launched a pilot scheme to extend financial assistance of up to Rs 10 crore to new-age fintech non-banking finance companies (NBFCs) engaged in financing small businesses and other income-generating activities.
SIDBI set the exposure cap for lending to a single new-age fintech NBFC at 30% of NOF of the new-age fintech NBFC, subject to maximum cap of Rs 10 crore.
About Fintech NBFCs
Fintech NBFCs are digital loan... Read More
Chief of Naval Staff, Admiral Sunil Lanba inaugurated Indian Navy’s first full-fledged Service Selection Board (SSB) at Diamond Harbour, near Kolkata.
Vice Admiral Karambir Singh, the Flag Officer Commanding-in-Chief, Eastern Naval Command, has attended the inauguration.
This is the fifth SSB- Service Selection Board of the Indian Navy.
It selects both Permanent and Short Service Commission officers.
The other Boards are located in Bhopal, Bengaluru, Visakhapatnam, and... Read More
The Pakistan government plans to create the new South Punjab province by bifurcating Punjab and would move a bill in the National Assembly.
Punjab is Pakistan's second largest province by area after Balochistan. It is also the most populated province and politically influential.
The South Punjab province will comprise Multan, Bahawalpur and Dera Ghazi Khan districts. The Punjab Assembly seats will be reduced to 251 from the current 371 while 120 seats have been proposed for the... Read More
Croatian World Cupper Igor Stimac is appointed as the head coach of the Indian football team for a two-year term. The appointment was made by the All-India Football Federation's (AIFF) executive committee.
The national team has been without a coach since the departure of Stephen Constantine in January, following the creditable show at the AFC Asian Cup.
As a coach:
Mr.Stimac comes with an experience of over 18 years in coaching, structuring, and developing football and... Read More
India is to set up its military space agency headquartered at Bengaluru with the ace fighter pilot Air Vice Marshal SP Dharkar as its likely head. AVM Dharkar is an ace fighter pilot and is presently looking after the air defence operations of an important command along the borders. The tri-services defence space agency is expected to get operational by June 2019.
The tri-services Space agency is likely to command all the space assets of the three services including the A-SAT capability, which... Read More
Scientists have found traces of radioactive carbon in marine organisms that inhabit the Mariana Trench, the deepest spot on Earth. The radioactive carbon was released into the atmosphere from 20th-century nuclear bomb tests. Organisms at the ocean surface have incorporated the bomb carbon into the molecules that make up their bodies since the late 1950s.
The crustaceans in deep ocean trenches are feeding on organic matter from these organisms when it falls to the ocean floor. The... Read More
Captain Aarohi Pandit, a 23-year-old pilot, from Mumbai became the world's first woman to cross the Atlantic Ocean solo in a Light Sports Aircraft (LSA) on 14th May.
This achievement is part of her ongoing Women Empower (WE) Expedition in the tiny aircraft called Mahi. This one year-long global circumnavigation flight was launched with her friend Captain Keithair Misquitta on July 30 and both began their trip in August 2018.
Pandit and Misquitta flew over Punjab, Rajasthan,... Read More
The Indian Navy’s first full-fledged Services Selection Board (SSB) was inaugurated by Navy Chief Admiral Sunil Lanba at Diamond Harbour near Kolkata. This is the fifth SSB of the Indian Navy and will cater for a selection of both permanent and short service commission (SSC) officers.
The SSB, Kolkata is spread over 27 acres on the banks of the Hooghly. It has the capacity to screen 5,000 officer-candidates annually.
The SSB at Diamond Harbour, Kolkata will boost the... Read More
Reserve Bank of India on May 15 released a vision document, 'Payment and Settlement Systems in India: Vision 2019 - 2021', with its core theme of Empowering Exceptional (E) payment Experience that aims to achieve a highly digital and cash-lite society.
RBI targets to:
Increase digital payment transaction of GDP by 15%
Increase payment system operators
fourfold increase in digital transactions
increase debit card transactions by 35%
increase total card... Read More
HDFC Bank collaborated with IMGC (India Mortgage Guarantee Corporation) for a mortgage guarantee-backed home loan.
Mortgage guarantee is a financial product which compensates lending institutions for the losses that may occur when a home owner defaults on a mortgage loan.
In ‘mortgage guarantee’, the risk of the home loan gets transmuted from the bank/FIs (financial institution) to the mortgage guarantee company.
This collaboration will help HDFC provide more loan to a home loan... Read More
The opening ceremony of the Conference on Dialogue of Asian Civilizations will be held in the China National Convention Center, Beijing.
The Forum on Global Influence of Asian Civilizations is 1 of the 6 parallel forums of the “Conference of Dialogue on Asian Civilizations”.
The theme of the forum was “Asian Values for the World,” where the speakers discussed the rich and contemporary values of Asian civilizations and also elaborated on the new missions of Asian... Read More
Sanjiv Puri is appointed as the chairman of ITC.
He became the Chairman and Managing Director (CMD) of ITC.
He was appointed as a Managing Director of ITC in 2018 and Chief Executive Officer (CEO) in February 2017.
About ITC Limited
CEO: Sanjiv Puri
Founded: 24 August 1910
Headquarters: Virginia House, Kolkata
National Mission for Clean Ganga (NMCG), HCL Foundation and Indian National Trust for Art and Culture Heritage (INTACH) signed tripartite Memorandum of Understanding (MoU) for Plantation of Rudraksha Trees in Uttarakhand under the ‘Namami Gange’ Programme.
The objective is to create a greener ecosystem in the Ganga Basin along the stretch of 97 towns and 4,465 villages.
Under the project, the aim is to plant 10,000 Rudraksha trees in the catchment area of Ganga River in... Read More
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