Current Affairs Today 14th May 2019 | Current Affairs News

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Daily Current Affairs PDF of 14th May 2019

CURRENT AFFAIRS: NATIONAL

Government plans compulsory QR code payment option at all shops: Report

• Government is looking to make QR code payments option via UPI compulsory at all shops and the GST Council has already given the proposal a go-ahead, as per a report.
• The move will provide GST benefit to both shopkeepers and consumers.
• The government is stated to have roped in NPCI for a nationwide rollout of the plan.

CURRENT AFFAIRS: STATE

Chennai to get its first unmanned substation

• The Tamil Nadu Generation and Distribution Corporation (Tangedco) has identified a substation to be upgraded into an unmanned substation — the first of its kind in the city.
• The 33 kilo volt (KV)/11 KV substation, located right at the heart of the central business district of Anna Salai, near the Express Mall on Woods Road, has been chosen for the upgrade. It was constructed only a year ago.
• Once the substation becomes unmanned, there will not be any need for posting maintenance staff and it can be operated remotely.

Rajasthan government gives funds to over 30 startups under iStart

• Rajasthan government has given out funds ranging from ₹2 lakh to ₹20 lakh to over 30 startups as part of its program iStart Rajasthan.
• The funds were disbursed under the program’s financial incentives like sustenance allowance, seed funding, marketing assistance and Techno Fund.
• The startups that received funding reportedly included Hippo Cabs, mPass and others.

CURRENT AFFAIRS: BANKING AND FINANCE

RBI slaps ₹1-cr fine on Nainital Bank

• The Reserve Bank of India (RBI) has imposed a monetary penalty of₹1 crore on Nainital Bank for its failure to fully automate the non-performing asset (NPA) identification process, despite specific directions issued in this regard.
• This action is based on the deficiencies in regulatory compliance, and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.

NABARD announces Rs 700-crore venture capital fund for agri, rural start-ups

• The National Bank for Agriculture and Rural Development (NABARD) announced aRs 700-crore venture capital fund for equity investments in agriculture and rural-focused startups.
• NABARD has been contributing to other funds till now and this is the first time that the rural development bank has launched a fund of its own.
• The fund has been launched by Nabventures, a subsidiary of NABARD, and has a proposed corpus of Rs 500 crore with an option to retain over-subscriptions of Rs 200 crore, called as the greenshoe option.
• NABARD has given an anchor commitment for the fund, which will be investing across startups engaged in agriculture, food and rural development space

HDFC ERGO launches cover for vector borne diseases

• HDFC ERGO General Insurance Company, India’s third-largest non-life insurance provider in the private sector, announced the launch of ‘Mosquito Disease Protection Policy’.
• This new policy will cover an individual against common mosquito-borne diseases like Dengue Fever, Malaria, Chikungunya, Japanese Encephalitis, Kala-azar, Lymphatic Filariasis and Zika Virus.
• This cover is available for individuals between the age group of 91 days to 65 years. This policy also provides international cover to individuals and covers all the vector-borne diseases listed in the policy document.

CURRENT AFFAIRS: APPOINTMENTS AND RESIGNATION

SanjivPuri becomes CMD of ITC

• ITC Managing Director SanjivPuri has been appointed as the chairman by the Board of Directors. His new designation will now be chairman and managing director.

Dinesh Pangtey appointed as CEO of LIC Mutual Fund

• Dinesh Pangtey has been appointed as Chief Executive Officer of LIC Mutual Fund.
• He started his career as a direct recruit officer with LIC of India in 1984 and has risen through the ranks to this senior position.
• Prior to taking over as CEO of LIC Mutual Fund, Dinesh Pangtey was Director and Chief Executive Officer at LIC HFL AMC.

CURRENT AFFAIRS: AWARDS AND HONOURS

Chhaya Sharma Receives McCain Institute’s 2019 Award for Courage and Leadership

• The McCain Institute for International Leadership at Arizona State University is pleased to present the 2019 Award for Courage and Leadership to Chhaya Sharma, an officer of the Indian Police Service who is currently serving as deputy inspector general (DIG) at the National Human Rights Commission (NHRC) of India.
• The McCain Institute award is given to those who show courage on behalf of human rights, humanitarian compassion, justice, freedom, and human dignity.

CURRENT AFFAIRS: BUSINESS AND ECONOMY

Doordarshan launches souvenir store on Amazon India

• Public service broadcaster Doordarshan has launched a souvenir store on online shopping website Amazon India.
• The company, one of PrasarBharti’s divisions, is also trying to make younger viewers familiar with their famous shows, such as Hum Log, Buniyaad, Ye Jo HaiZindagi, Malgudi Days, Ramayana and Mahabharat.
• DD Souvenir gallery was started on 21 June, 2018 and in view of its success and demand, India’s public service broadcaster Doordarshan has started an online store through on Amazon India platform, for selling branded articles like cup, T-shirt and Water bottles.
• Doordarshan is India’s first broadcaster which has started Souvenir store. Online souvenir store will not only strengthen the relation with viewers but also help in establishing Doordarshan brand value.

CURRENT AFFAIRS: DEFENCE

Chinese navy launches two new guided missile destroyers 

• China, has commissioned two more guided missile destroyers taking the total of such warships to 20 with more in the pipeline.
• Two Type 052D guided missile destroyers were launched
  They are the 19^th and 20^th ships in the class and are named as Tangshan and Suzhou.
• The Type 052D destroyer is a large 7500 tone destroyer. It was introduced into the People’s Liberation Army Navy(PLAN) in March 2014.
• PLAN is the World’s fastest growing Navy as it adds new vessels to the fleet every month.
• Last month, PLAN celebrated its 70^th anniversary in Qingdao, China. Indian naval ships including INS Kolkata along with tanker INS Shakti participated in it.

CURRENT AFFAIRS: MOU

ICICI Bank joins hands with travel portal Goibibo to launch multi-currency card

• ICICI Bank announced the launch of a co-branded multi-currency card with online travel booking portal Goibibo.
• Anyone travelling abroad, whether they hold an ICICI Bank savings account or not, can apply for the Goibibo ICICI Bank Travel Card on the Goibibo website and mobile app.
• The card also includes benefits of up to₹20,000, including gift vouchers of ₹15,000 from Goibibo. Additionally, customers get 40 paise discount on currency conversion rate on loading of a minimum of $1,000.
• Further, they get the advantage of complimentary card protection from theft and loss up to₹5 lakh. It also provides flat 15 per cent discount at more than 100 Indian restaurants across six foreign cities, including Kuala Lumpur, Dubai, London, Singapore, Hong Kong, and Bangkok.
• The card also offers travel insurance between₹2 lakh and₹10 lakh.

CURRENT AFFAIRS: SPORTS

Hamilton beats Bottas in Spainish GP

• British racing driver Lewis Hamilton won the Spanish Grand Prix for a third consecutive year after overtaking Mercedes teammate ValtteriBottas.
• It marks the Mercedes’ record-breaking win as the pair of Hamilton and Bottas has been taking the top two positions on the podium in all five races of 2019 season.
• Red Bull’s Max Verstappen was third.

Madrid open 2019 Winners List

• The 2019 Madrid Open (sponsored by Mutua) is a professional tennis tournament played on outdoor clay courts at the Park Manzanares in Madrid, Spain from 3 May–12 May 2019.

Asia-Pacific Diamond Cup

• Indian Professional golfer  RahilGangjee finished tied 39th while 23-year-old VirajMadappa faltered on the final day and ended tied 53rd at the Asia-Pacific Diamond Cup 2019.Japan’s Yosuke Asaji capped the title  at the Sobu Country Club.
• Asaji’s winning total of three-under-par 281 also secured him a spot at The 148th Open which will be held at Royal Portrush, Northern Ireland in July 2019.

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