Top 10 Daily Current Affairs : 16 May 2018

Updated May 16,2018

02:06 PM IST

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Top 10 Daily Current Affairs : 16 May 2018

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16 May 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... Read More

category: Indian Affairs

16 May 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... Read More

category: Schemes

16 May 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... Read More

category: Indian Affairs

16 May 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... Read More

category: Schemes

16 May 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... Read More

category: Indian Affairs

16 May 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... Read More

category: International

16 May 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... Read More

category: Sports

16 May 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... Read More

category: Schemes

16 May 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... Read More

category: Environment

16 May 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,... Read More

category: Indian Affairs

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