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Top Current Affairs of the day: 16 May 2018

Last Updated: May 16, 2018

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  • President of India presents National Geo science Awards

    May 16, 2018
    President Ram Nath Kovind authorities must be mindful of the human side of mining.
    Addressing the gathering after presenting National Geosciences Awards for 2017 in New Delhi, local communities must benefit from the exploration, extraction, and development of mineral resources.
    The mineral resources in India are found in regions that have been home of tribal communities since generations.
    It is important that these communities are part of prosperity that the mining economy... Read More

    India Released Grant Of NRs Crore To Nepal For River Training

    May 16, 2018
    India released a grant of Nepalese Rupees (NRs) 18.07 crore for river training and construction of embankments along Lalbakeya, Bagmati and Kamla rivers in Nepal. Indian Ambassador to Nepal Manjeev Singh Puri handed over a cheque of the grant to Dr. Sanjay Sharma, Secretary Ministry of Energy, Irrigation & Water Resources, Nepal in Kathmandu. The river training and embankment work in the Lalbakeya, Bagmati and Kamla rivers in Nepal aimed at flood control and water resources management,... Read More
    Category: Indian Affairs

    Sri Lanka swayed by heavy flash flood affecting over people

    May 16, 2018
    Lashes of heavy rainfall swayed and created havoc in Sri Lanka's Galle and Kalutara districts, affecting around 8000 people. Several people had been evacuated from their homes due to the heavy downpour, but as the rains had ceased by Monday morning, the situation was normalizing. Disaster Management Centre's spokesperson Pradeep Kodippilli said that nearly 7,740 people in Galle District and 635 people in Kalutara District were affected by the flood situation. There is no casualties... Read More
    Category: Indian Affairs

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    IMFreaffirms that India will be the fastest growing major economy in

    May 16, 2018
    The International Monetary Fund, IMF reaffirmed today that India will be the fastest-growing major economy in 2018, with a growth rate of 7(point)4 percent that rises to 7(point)8 percent in 2019 with medium-term prospects remaining positive.
    The IMF's Asia and Pacific Regional Economic Outlook report said that India was recovering from the effects of demonetization and the introduction of the Goods and Services Tax.
    The recovery is expected to be underpinned by a rebound from... Read More
    Category: Indian Affairs

    Retail Inflation Surges To WPI At Month High In April

    May 16, 2018
    The first month of the current financial year has brought some bad news on the inflation front with both retail (Consumer Price Index or CPI) and producer (Wholesale Price Index or WPI) inflation showing a surge raising the possibility of a policy rate hike by the Reserve Bank in the near future. A statement issued by the Ministry of Statistics and Programme Implementation revealed that an increase in fruit and vegetable prices, coupled with egg prices pushed CPI to 4.58 percent in April, from... Read More

    Shashank Manohar to Serve second term as ICC Chairman

    May 16, 2018
    Former BCCI President Shashank Manohar will serve a second two-year term as the independent chairman of the International Cricket Council after he was elected unopposed by the governing body's Board.
    Mr. Manohar became the first independent ICC Chairman in 2016. According to the election process, ICC Directors were each allowed to nominate one candidate, who had to be either a present or a past ICC Director.
    Category: Sports

    Foxconn Unit Writes Off Another Million In Snapdeal Investment

    May 16, 2018
    FIH Mobile, the investment subsidiary of Foxconn Technology Group, the world’s largest contract manufacturing giant, has written off an additional $40 million of its $200 million bet on Gurgaon-based online marketplace Snapdeal.
    The latest write-down comes about nine months after the Hong Kong-listed unit of the Apple iPhone manufacturer announced that it had undertaken an impairment loss of $160 million. In its 2017 annual report, FIH Mobile stated the company had come to the view... Read More
    Category: International

    President Ram Nath Kovind visits exhibition on DAE at BARC in Mumbai

    May 16, 2018
    President Ram Nath Kovind visited an exhibition on Department of Atomic Energy (DAE) technologies at the Bhabha Atomic Research Centre (BARC) in Trombay, Mumbai. He also dedicated several DAE facilities to the nation including Metal-Fuel Pin Fabrication Facility, IGCAR, Kalpakkam and Integrated Centre for Crisis Management, a facility that monitors radiological data from a countrywide network of 504 radiation centers.
    President also dedicated to the nation Multi-leaf Collimator system... Read More
    Category: Indian Affairs

    IIM Ahmedabad Launches Bharat Inclusive Initiative

    May 16, 2018
    IIM-Ahmedabad’s Centre for Innovation, Incubation, and Entrepreneurship (CIIE) launched a Bharat Inclusion Initiative to build knowledge and foster innovation and entrepreneurial activity across areas such as financial inclusion, livelihood, education and health. CIIE at IIM Ahmedabad helps entrepreneurs turn ideas into viable businesses. The initiative will aim at channelizing approximately $25 million over the next 3-4 years towards backing game-changing start-ups leveraging the... Read More
    Category: Indian Affairs

    North Korea cancels high level talks with South Korea

    May 16, 2018
    North Korea canceled high-level talks with South Korea, scheduled over Seoul's joint military exercises with the US.
    Some 100 warplanes of the US and South Korea began the Max Thunder drills. The North's official KCNA news agency the exercises were a provocation and a rehearsal for an invasion.
    The talks with South Korea, which were agreed earlier this week, were to take place at Panmunjom, a military compound in the demilitarised zone between the two countries. Pyongyang... Read More



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