Current Affairs 2018 for Competitive Exams Today 26.05.2018

Current Affairs 2018 Q&A for competitive exams UPSC, TNPSC, IAS, RRB and Latest Current Affairs 2018 for banking exams IBPS PO Clerk, SBI, RBI and more. Read this beneficial affairs and try free quiz on latest current affairs 2018 question and answers, this Daily Current Affairs 2018 resource yields the facts about the events of International affairs, National, Sports, Business, Banking Current Affairs of 2018 and more which are betterment for the Government & Private Job aspirants


  • Today's Important Current Affairs 26th May 2018

    Barbados Elects Mia Mottley As first Female Prime Minister

    The Caribbean island of Barbados elected Mia Mottley as its first female Prime Minister since gaining independence from the UK in 1966. Mottley's Barbados Labour Party won all 30 seats in the country's Parliament, coming to power for the first time in a decade.

    Archery World Cup Stage II 2018 Starts In Turkey

    The second stage of Archery World Cup 2018 started in Antalya, Turkey. India opened its account with a silver and a bronze medal in the compound section. India’s women compound team of Jyothi Surekha Vennam, Muskan Kirar, and Divya Dhayal recovered from a poor start to lose to their Chinese Taipei opponents by three points to settle for a silver.

    Union Government Notifies 8.55% Interest On PF For 2017-18

    Employees’ Provident Fund Organisation (EPFO) asked its field offices to credit 8.55% rate of interest for 2017-18 into the Provident Fund accounts of around 5 crore subscribers. According to an order issued by the EPFO, the Labour Ministry conveyed approval to credit 8.55% rate of interest for last fiscal. The finance ministry had ratified 8.55%rate of interest on EPF for the last fiscal, but it could not be implemented because of model code of conduct for Karnataka elections.

    I&B Minister Launches 6-Day ASEAN India Film Festival

    I&B Minister Col. Rajyavardhana Rathore launches six-day ASEAN India Film Festival in New Delhi. India and ASEAN share historical and cultural links. The Union Minister also stated that the Information and Broadcasting ministry is taking measures to create and promote film festivals with ASEAN, BRICS, and European nations.

    PMs Of India And Bangladesh Inaugurate Bangla Bhavan In Shantiniketan

    Prime Minister Narendra Modi and Bangladesh Prime Minister Sheikh Hasina jointly inaugurate Bangladesh Bhawan at Shanti Niketan in West Bengal. The two leaders then paid floral tributes to Rabindra Nath Tagore. This is the first time in Indian history, that two prime ministers attended a convocation ceremony.

    India To Be Host Country For Celebrations Of World Environment Day 2018

    India will be the host country for celebrations of World Environment Day 2018. The announcement in this regard was made by the Environment Minister Dr. Harsh Vardhan. The theme for this year is 'Beat Plastic Pollution'. The government has launched green deeds campaign to raise awareness about protection of the environment. The World Environment Day will be celebrated on 5th of June.

    Airtel Payments Bank Appoints Anubrata Biswas As MD And CEO

    Airtel Payments Bank appointed Anubrata Biswas as its Managing Director and Chief Executive Officer. Biswas fills the position, which was lying vacant since end-December after Shashi Arora quit the post. Prior to joining Airtel Payments Bank, he was the Joint General Manager and Retail Business Head - South India for ICICI Bank.

    Prime Minister Of Netherlands Inaugurates Indo-Dutch Ganga Forum

    In New Delhi, Prime Minister of Netherlands Mark Rutte inaugurated the Indo-Dutch Ganga Forum to take forward a MoU signed between the Ministry of Water Resources, River Development and Ganga Rejuvenation, and the Ministry of Infrastructure & Environment of the Netherlands in June 2017.

    Mission Innovation Ministerial Meeting Held In Sweden

    The Third Mission Innovation Ministerial Meeting was held at Malmo, Sweden. The Indian delegation was led by Dr Harsh Vardhan, Union Minister for Science, Technology and Earth Sciences.   Mission innovation countries launched Mission Innovation Champions Programme to felicitate clean energy innovators. Dr Harsh Vardhan inaugurated Smart Grid Workshop at Copenhagen and Chaired public-private roundtable on Strategies on Decarbonisation through innovations in Smart Grids. India announced setting up of First International Incubator for clean energy in a public-private partnership at a total investment of around US $ 5 million in Delhi.

    Nepal is the first country In South-East Asia To Eliminate Trachoma: WHO

    The World Health Organization (WHO) declared Nepal as free from Trachoma, the world’s leading infectious cause of blindness. With this, Nepal becomes the first country in WHO’s South-East Asia Region to eliminate Trachoma. Trachoma was the second leading cause of preventable blindness in Nepal in the 1980s.

  • Today's Important Current Affairs 25th May 2018

    SIDBI To Extend Direct Funding Facility To VLEs In CSCs

    Common Service Centre (CSC) SPV and Small Industries Development Bank of India (SIDBI) signed a MoU for providing financial support to CSCs across the country in the presence of Minister of Electronics & IT and Law & Justice, Ravi Shankar Prasad. Through the MoU, the SIDBI seeks to extend financial support to the Village Level Entrepreneurs (VLEs) of CSCs, with minimum one year of operation, under the Direct Financing Window of SIDBI. Through the MoU, both CSC SPV and SIDBI seek to work together to bring more citizens under the ambit of financial inclusion.

    Fifth India CLMV Business Conclave Held In Cambodia

    The Ministry of Commerce & Industry of India, along with Ministry of Commerce of Cambodia organized the 5th India-CLMV Business Conclave in Phnom Penh, Cambodia. After four rounds of the Business Conclave in India, this initiative was brought by Department of Commerce of Government of India to Cambodia, for greater participation from the region. The Confederation of Indian Industry (CII) was the institutional partner of the event. The inaugural session of the Conclave was attended by Suresh Prabhu, Minister of Commerce and Industry.  Ministers of Commerce and Industry and Trade of Cambodia, Myanmar, Vietnam and Lao PDR were also present on this occasion.

    WHO, Russia Launch New Campaign For Football World Cup 2018

    A new video campaign launched targeting football fans on the occasion of the World Cup 2018 to promote healthier and more active lives.   The series of videos produced jointly by World Health Organization (WHO), Russia’s Ministry of Health and the 2018 World Cup Russia Local Organising Committee. It is one of many joint activities that will be implemented around the month-long World Cup starting from 14th of June. The campaign consists of 3 videos, each tackling key health risk issues of Tobacco use, excessive salt consumption, and physical inactivity.

    HRD Ministry Launches Samagra Shiksha Scheme

    Human Resource Development Minister Prakash Javadekar launched 'Samagra Shiksha scheme' for school education. The scheme focuses on improving quality of education, enhancing the Learning outcomes and using technology to empower children and teachers. An annual grant of 5,000 to 20,000 rupees will be provided for strengthening libraries in schools. The scheme will be focused on digital education. Samagra Shiksha is a program that unifies learning from the pre-school to class 12 levels and encapsulates elements of the Sarva Shiksha Abhiyan, Rashtriya Madhyamk Shiksha Abhiyan, and teacher education.

    India Stands 44th In Competitive Rankings, USA Tops: Report

    India rose one place to 44th this year in the global competitive rankings out of 63 countries that were ranked by the IMD World Competitiveness Center. India started from the 40th position in 2013 and dropped to the 44th rank in 2014. India’s rank remained at 44 in 2015 and jumped four places to 41 in 2016, dropping to 45 in 2017, and rising to 44 in 2018. In contrast, China bagged the 13th rank in 2018 as compared to the 18th rank in 2016. The top 5 most competitive economies in the world are: 1. The USA, 2. Hong Kong,  3. Singapore,  4. The Netherlands and  5. Switzerland.

    India-Nepal Joint Military Exercise SURYA KIRAN To Be Held In Uttarakhand

    Joint Military Exercise SURYA KIRAN-XIII between India and Nepal will be conducted at Pithoragarh, Uttarakhand. The exercise will comprise of nearly 300 soldiers from both Indian and Nepal Army who would be sharing their experiences gained during the conduct of various counter-insurgency and counter-terrorism operations in the past. Exercise SURYA KIRAN is a biannual event which is conducted alternatively in Nepal and India.   The aim of this exercise is to conduct battalion level joint training with emphasis on counter-terrorism operations in mountainous terrain.

  • Today's Important Current Affairs 24th May 2018

    MobiKwik Launches UPI On Platform, Offers Own VPA Handle

    Leading digital financial services platform, MobiKwik, announced the launch of Unified Payments Interface (UPI) on its platform via its own Virtual payment address (VPA) handle @ikwik. MobiKwik's users can, by default, use their mobile number as their own VPA which will be '@ikwik'. They will also be able to link multiple bank accounts with just one VPA and users can change primary account as per their requirements. MobiKwik is the first in the industry to offer UPI access to a huge base of three million merchants on its app.

    Smart Cities India 2018 Expo Underway In New Delhi

    A three-day Smart Cities India 2018 Expo, began in New Delhi. The mega event, consisting five expos is being held with a vision to help develop attractive and safe cities that evoke pride, passion and a sense of belonging among citizens. The five expos are Building India Expo, Solar India Expo, Transport India Expo, Smart Cities India Expo and Water India Expo. Over 300 exhibitors from different countries are participating in the 4th edition of this event.

    India ranks 145th among 195 countries in terms of healthcare access: Lancet Study

    As per Lancet’s Global Burden of Disease study, India ranked 145th among 195 countries in terms of quality and accessibility of healthcare on the Healthcare Access and Quality Index (HAQ Index). However, despite such low rankings, India saw improvements in healthcare access and quality since 1990. The five countries with the highest levels of healthcare access and quality in 2016 were Iceland (97.1 points), Norway (96.6), the Netherlands (96.1), Luxembourg (96.0), and Finland and Australia (each with 95.9). The countries with the lowest scores were - Central African Republic (18.6), Somalia (19.0), Guinea-Bissau (23.4), Chad (25.4), and Afghanistan (25.9).

    AB De Villiers Retires from International Cricket

    Star South African batsman AB de Villiers announced his decision to retire from international cricket with immediate effect. In his 14-year career, he played 114 Tests, 228 One-Day Internationals (ODI) and 78 T20 Internationals.  Some of the Phenomenal Records of ABD are: The World Record for the fastest ODI 50 (16 balls), 100 (31 balls) and 150 (64 balls), the second highest individual Test score for South Africa (278*), the highest points (935) by a South African on the ICC Test rankings and has claimed the coveted SA Cricketer of the Year award twice (2014 and 2015).

    HD Kumaraswamy took oath as New Karnataka Chief Minister

    The JD(S)-Congress coalition government head HD Kumaraswamy was sworn-in as the New Chief Minister of Karnataka. Governor Vajubhai Vala administered the oath of office and secrecy to Kumaraswamy. Congress Leader G. Parameshwara was sworn in as Deputy Chief Minister. There are 221 elected members in the Legislative Assembly, and the coalition partners have 117 members, including one BSP and two independents.

    Bank Of Baroda Locates Major Operations At GIFT City

    Bank of Baroda successfully located most of its operational activities at a shared service center (SSC) at the GIFT City near Ahmedabad. The bank will now offer its services including retail loan processing, deposit account opening, forex and call center from the SSC, which will have a staff strength of 200. The bank will thus become one of the largest employers in the Ahmedabad-Gandhinagar region. The bank had taken 20,000 sq, ft of office space in GIFT City, making it the first Indian bank to move several key operations to the smart city.

  • Today's Important Current Affairs 23rd May 2018

    Pravin Agrawal Appointed BHEL Director

    State-run power equipment maker Bharat Heavy Electricals Ltd (BHEL) appointed Pravin L. Agrawal as a part-time official director on its board. An Indian Forest Service officer, Agrawal is presently joint secretary in the Department of Heavy Industry (DHI), Ministry of Heavy Industries and Public Enterprises.

    MCX Launches India's 1st Copper Options

    India's Multi Commodity Exchange launched the country's first copper options contracts. Three contracts with a lot size of 1 tonne were launched. The option contract will provide physical market participants an additional instrument to hedge their risk.

    Finance Ministry Ties Up With 40 Companies Under Mudra Scheme

    The Union Finance Ministry has tied up with 40 entities including Flipkart, Swiggy, Patanjali, and Amul for extending loans to small entrepreneurs under the Pradhan Mantri Mudra Yojana (PMMY). In order to identify people who can be given funds under the Pradhan Mantri Mudra Yojana (PMMY), the ministry organized an event in Mumbai to extend loan under the scheme. The CEOs of various Banks, senior officials in the rank of MD or CEO from Oil Companies, Railway Board would be part of the event.

    English Translation Of Polish Novel Flights Wins Man Booker Prize

    Polish author Olga Tokarczuk won the Man Booker International Prize for her novel ‘Flights’. The novel, translated by Jennifer Croft, interweaves narratives of travel with explorations of the human body. It bagged the 67,000 US dollar prize after topping a shortlist of six titles, with Tokarczuk becoming the first Polish writer to win the award. The awards were announced at a ceremony in London. The head judge of the awards was Lisa Appignanesi.

    Bala Prasath Won Formula Junior Racing Series 2018 Championship

    Coimbatore racer Bala Prasath won the Formula Junior Racing Series 2018 Championship in Coimbatore, Tamil Nadu. Bala, who was trailing in second place after Round 1 with 91 points, was in his element in Round 2 at the Kari Motor Speedway.

    Madhya Pradesh Launches 'My MP Rojgar Portal'

    The Chief Minister of Madhya Pradesh, Shivraj Singh Chouhan launched 'My MP Rojgar Portal' to provide jobs to youths as per their educational qualification, skills, and interest and ensure availability of able candidates to employers as per the need of their business. The portal was launched as a part of the 'Ham Chhu Lenge Asman' Mukhyamantri Career Counselling programme ‘Pahal' in Model School of Bhopal. It was prepared by the Madhya Pradesh Skill Development and Employment Generation Board under youth empowerment mission.

  • Today's Important Current Affairs 22nd May 2018

    State Bank of India Reports Loss Of Rs. 7,718 Crore In March Quarter: Report

    State Bank of India (SBI), the country's biggest lender, reported a loss of Rs. 7,718 crore in the January-March quarter, hurt by higher provisions for bad loans. The loss for the three months to March 31 was deeper than the expected Rs. 1,285 crore on average by 16 analysts, according to Thomson Reuters data. SBI shares rallied after the results were announced. Shares were up 5% at Rs. 256 in afternoon trade. Gross bad loans as a percentage of total loans rose to 10.91% from 10.35% three months earlier and 6.90% a year prior.

    India Successfully Test-Fires BrahMos Missile Along Odisha Coast

    India successfully test-fired the Indo-Russian joint venture BrahMos supersonic cruise missile from a test range along the Odisha coast to validate some new features. The missile was test-fired from a mobile launcher stationed at Launchpad 3 of the Integrated Test Range (ITR) at Chandipur, according to DRDO. The trial was conducted to validate its “life extension” technologies developed for the first time in India by DRDO and team Brahmos.

    India To Achieve 9% Growth Rate By 2022: NITI Aayog

    NITI Aayog vice-chairman Rajiv Kumar exuded confidence that Indian economy will achieve 9% growth rate on a sustained basis by 2022 on the back of reforms like GST, demonetization and the Insolvency and Bankruptcy Code (IBC). According to Mr Kumar, Indian economy grew by 6.6% in 2017-18 and expected to grow at 7.5% this fiscal.

    India ranked 6th wealthiest country in the world - AfrAsia Bank Global Wealth Migration Review

    The AfrAsia Bank Global Wealth Migration Review ranked India as the 6th wealthiest country in the world with a total wealth of $8,230 billion, while the United States was ranked as the wealthiest with a total wealth of $62,584 billion. The review ranked China with a total wealth of $24,803 billion in the second position and Japan with $19,522 billion at the third place.

    Lionel Messi Won European Golden Shoe For The 5th Time

    Barcelona forward Lionel Messi won the European Golden Shoe for the fifth time. The Argentina international claimed the prize after scoring 34 goals in La Liga this season, helping his club to a 25th league triumph. Messi also won the award last year, as well as in 2010, 2012 and 2013. Four-time winner Cristiano Ronaldo finished ninth in the rankings after scoring 26 goals for Real Madrid in La Liga.

  • Today's Important Current Affairs 21st May 2018

    South Korea Won Asian Champions Trophy 2018

    The Indian women’s Hockey team failed to defend its crown at the fifth Asian Champions Trophy, as it lost to hosts South Korea, 0-1 in the summit clash at Donghae City, South Korea. A goal by Youngsil Lee clinched the Korean team as the winner of Champions Trophy. The final was India’s first defeat of the tournament. South Korea has lifted the title for the third time after having won it in 2010 and 2011. India, on the other hand, finished second best for the second time after having lost to Japan in the final of the 2013 edition. Indian striker Vandana Katariya was declared player of the tournament while youngster Lalremsiami was named as the upcoming player of the tournament.

    Prajnesh Gunneswaran Won T.K. Ramanathan Award For 2017-18

    Prajnesh Gunneswaran won the prestigious T.K. Ramanathan award for the year 2017-18 at the Tamil Nadu Tennis Association (TNTA) annual day function at the SDAT tennis stadium. He received a cash prize of Rs. 30,000.

    Venezuela's President Maduro Wins Re-Election

    Venezuela's President Nicolas Maduro was reelected for a second six-year term in presidential elections, according to the National Electoral Council (CNE). Some 14,638 voting centers have been set up nationwide for Venezuela's more than 20.5 million eligible voters, who are also voting for state legislators. Mr. Nicolas replaced Hugo Chavez after his death from cancer in 2013.

    Tamil Nadu To Build Indias Next Generation Defence Aircraft

    The Aeronautical Development Agency (ADA), which had conceived and designed the Light Combat Aircraft (LCA) Tejas, has set the ball rolling for building the next generation defense aircraft, the Advanced Medium Combat Aircraft (AMCA), by extending an invitation to private players in Coimbatore to build a technology demonstrator. The proposal is not only the first time an indigenous military aircraft programme is seeing the involvement of private players, but it is also the first time a defense plane development project is proposed to be executed outside Bengaluru. The project to be implemented in Sulur in Coimbatore district which may house the permanent base of the Tejas squadron marks Tamil Nadu’s first major defense aircraft project.

    Anti Terrorism Day is observed as 21 May

    The Anti Terrorism Day is observed on 21 May every year in our country to make the people aware of the anti-social act of terrorism and its impact on human suffering and lives. The official announcement of National Anti Terrorism Day was made after the assassination of India's seventh Prime Minister Rajiv Gandhi on 21 May 1991. He was killed in Tamil Nadu in a campaign by the terrorist. Then, under V.P. Singh government the center has decided to observe 21st May as Anti Terrorism Day.

    Tata Steel subsidiary acquires 72% stake in Bhushan Steel

    Tata Steel, through its wholly-owned subsidiary Bamnipal Steel Ltd (BNPL), acquired 72.65 percent controlling stake in Bhushan Steel Ltd (BSL) for around Rs 36,400 crore. The announcement was made by Tata Steel in a statement on May 18, 2018. The deal is set to help the banks recover NPAs amounting to over Rs. 36,000 crore in the time to come. Speaking on the development Union Finance Minister Piyush Goyal said, "Liquidation value of Bhushan Steel was Rs. 14,541 crore but creditors received almost 4 times the amount (Rs. 36,400). This was possible due to the robust and transparent Insolvency & Bankruptcy Code.”

    Japanese Director Won Cannes' Top Award

    Asian, Arab, and women filmmakers scored big at the closing ceremony of the 71st Cannes Film Festival, while Japanese director Hirokazu Kore-eda took home the top prize -- the Palme d'Or. Kore-eda, in the festival's main competition for the fifth time won the Palme d'Or for 'Manbiki Kazoku' (Shoplifters). Kore-eda is only the second Asian Palme d'Or winner this millennium (after Thailand's Apichatpong Weerasethakul for 'Uncle Boonmee Who Can Recall His Past Lives', 2010). This is the seventh time that a director from Asia has bagged the coveted trophy.

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