Top 10 Daily Current Affairs : 24 May 2019

Updated May 24,2019 09:55 AM IST

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Top 10 Daily Current Affairs : 24 May 2019 24 May 2019

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24 May 2019

United Nations (UN) in its mid-year report on economic prospects named "World Economic Situation and Prospects (WESP) 2019 Mid-year Update" diminished the global economic growth forecasts for 2019 to 2.7% and for 2020 to 2.9%. In the January predictions, the economic growth was projected at 3% for both years. The reason behind the lowering of the forecast is high trade tensions, uncertainty over political policies and a complicated confluence of internal and external factors... Read More

24 May 2019

Researchers said that computer simulations provide compelling evidence that an insulating layer of gas hydrates could keep a subsurface ocean from freezing beneath Pluto’s icy exterior. The researchers conducted computer simulations covering a timescale of 4.6 billion years when the solar system began to form. The simulations showed the thermal and structural evolution of Pluto’s interior and the time required for a subsurface ocean to freeze and for the icy shell covering it... Read More

24 May 2019

US State Department approved to sell air-defense missiles for worth of more than USD 600 million to Japan and South Korea. This approval was result of rising tension with North Korea when a pair of missile was tested by North Korea last week. The US government has approved sale of 94 SM-2 missiles used by ships against air threats along with 12 guidance systems for a total cost of USD 313.9 million. About South Korea Capital: Seoul Currency: South Korean Won President: Moon... Read More

category: International

24 May 2019

ICICI Bank said it has entered into an agreement with the BSE to buy a stake in its subsidiary INX, located at GIFT City Gujarat. It will buy a 9.9% stake in India International Exchange (INX), a wholly-owned subsidiary of Bombay Stock Exchange (BSE) for nearly Rs.31 crore. The exchange posted a loss of Rs.31 crore in 2018-19 while its total revenue stood at RS.2.25 crore. INX is located at GIFT City in Gujarat. The investment is subject to regulatory approvals and comes at a cash... Read More

category: Banking & Finance

24 May 2019

Telangana recorded 15% Gross State Domestic Product (GSDP) growth for the Financial year ended March 31 , 2019 with Rs.8,66,875 crore. For the year 2018, it stood at Rs. 7,53,804 crore.  The capital expenditure for the year was Rs. 47,038 crore and this was the main reason for recording the highest growth rate. The total capital expenditure from 2014-15 to 2018-19 was Rs. 1,64,51 9 crore. Primary sector grew by 10.9%, secondary sector by 14.9% and tertiary sector registered a grovvth... Read More


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24 May 2019

Microsoft has removed the Huawei laptops it sold on its online store. The move of Microsoft is to comply with the US President's executive order to crack down on Chinese tech companies.  Microsoft has declined to comment on the issue and also on reports of a potential Windows ban on Huawei. However, some offline Microsoft stores are reportedly still selling stocked Huawei laptops. Microsoft's potential Windows ban could also affect Huawei's server solutions. Microsoft... Read More

category: International

24 May 2019

Bengaluru based doctor Hema Divakar received the 'Global Asian of the Year 2018-19' Award for women services and contribution towards Women's Healthcare Ecosystem. Dr. Hema was conferred the award at the Asian Business & Social Forum 2019 under the 'In Service of the Society and the Nation' category from UAE's Trade Promotion Director Mohammed Naser Hamdan A1 Zaabi.  About Asian Awards Country: United Kingdom Awarded for    Honouring Asian... Read More

category: Indian Affairs

24 May 2019

United Nations celebrated May 23 as an International Day to End Obstetric Fistula (IDEOF). In 2003, the United Nations Population Fund (UNPF), formerly known as the United Nations Fund for Population Activities (UNFPA) and its partners had launched a global campaign to End Obstetric Fistula.  The theme for 2019 is “Fistula is a human rights violation, end it now”. In 2012, United Nations announced to celebrate May 23 as International Day to End Obstetric Fistula every year... Read More

category: Important Days

24 May 2019

Two departments under the Government of India, Department of Biotechnology (DBT) and Department of Atomic Energy (DAE) signed a Memorandum of Understanding (MOU) for supporting joint collaborative research programmes in the area of Cancer. The MOU was signed by Dr. Renu Swarup, Secretary DBT and Shri K N Vyas, Secretary DAE. The MOU aims to help build different initiatives in the field of cancer like strategizing and prioritizing. MoU shall help strengthen various initiatives mandatorily... Read More

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24 May 2019

World Health Organization officially declared Algeria and Argentina as malaria-free countries after recording no new cases for more than three years.  Now, the numbers of malaria free countries increased to 38 from 36.  Argentina reported the last indigenous case in 2010 while in Algeria it was reported in 2013. Algeria is the second African nation to have eliminated the disease after Mauritius which achieved the goal in 1973.  Malaria parasite was discovered by French... Read More

24 May 2019

Ukrainian TV star Volodymyr Zelensky won the presidential election in April 2019 and sworn in as 6th President of Ukraine recently. He succeeded Petro Poroshenko. According to the Central Election Commission, Zelensky won the second round with 73.22% of the votes. He became Ukraine's youngest post-Soviet President.  In his speech, he announced the dissolution of the parliament. It is a strategic move to bring the October 27 parliamentary elections forward to boost his... Read More

category: International

24 May 2019

YSR Congress Chief Jagan Mohan Reddy sworn in as chief minister of Andhra Pradesh on 30th of May at Vijayawada.  Mr Jagan Mohan Reddy announced this following his party achieving inching towards a landslide victory in the legislative elections for Andhra Pradesh Legislative assembly.  He will replace N Chandrababu Naidu who resides as Andhra Pradesh CM About YSR Congress Party  President: Y. S. Jaganmohan Reddy Founded:12 March 2011  Headquarters: Vijayawada  

24 May 2019

Dr. Ankur Patwardhan, a scientist from Pune won second place in 'German Chemistry Prize' in an international competition named 'Elsevier Foundation-ISC3 Green and Sustainable Chemistry Challenge' during in the 4th Green and Sustainable Chemistry Conference held in Dresden ,Germany.  Dr. Ankur Patwardhan received the second prize with €25,000 for his project 'Butterfly attractant for pollination and ecosystem health' The first prize was won by Dr. Ramia Al... Read More

24 May 2019

The central board of Reserve Bank of India (RBI) approved creating a specialized supervisory and regulatory structure for commercial banks, urban cooperative banks and non-banking financial companies (NBFCs). The decision was taken at the RBI board meeting, which is chaired by Governor Shaktikanta Das along with deputy governors and other members of the board, held in Chennai, Tamil Nadu.   The decision is based on the recommendations of an internal committee under the current... Read More

category: Banking & Finance

24 May 2019

Sethu FC turned around a first-half deficit to clinch their first ever Indian Women’s League trophy defeating Manipur Police at the Guru Nanak Stadium, in Ludhiana, Punjab.  India international had the first clear chance a little after 10 minutes when she received the ball just inside the box and pulled the trigger. However, she scuffed her instep shot and it lacked any sting. The winger had another good chance when she received the ball from a melee inside the Manipur box, but her... Read More

category: Sports

24 May 2019

BJP won with an absolute majority: "If the 16th general election in 2014 catapulted the BJP as the primary pole of Indian politics, relegating the Congress to a distant second, 2019 establishes it as the overarching hegemon". The general election was held in seven phases from 11 April to 19 May 2019 to constitute the 17th Lok Sabha. The counting of votes took place on 23rd May, and on the same day, the results were declared. The BJP is the second political party in Indian... Read More

category: Indian Affairs

24 May 2019

Asian Development Bank (ADB) signed an agreement with Indian Railway Finance Corporation (IRFC), an entity owned by Government of India (GOI) to provide USD 750 million long-term financing for the Railways Track Electrification Project as part of a broad modernization program to reduce the dependence India's railway sector on fossil fuels.  It is the largest single non-sovereign loan ever. IRFC will use the proceeds from the loan to install electric traction equipment along about... Read More

category: Indian Affairs

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