Current Affairs Today 24th May 2019 | Current Affairs News

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Daily Current Affairs PDF of 24th May 2019

CURRENT AFFAIRS: DAYS

World Turtle Day

• The World Turtle Day is held on May 23 every year to raise awareness and increase knowledge and respect for turtles and tortoises and encourage human action to help them survive and thrive.

CURRENT AFFAIRS: NATIONAL

Four judges elevated to Supreme Court of India

• The Centre has cleared four names recommended by the Supreme Court Collegium for elevation as judges of the apex court
• Justices Aniruddha Bose (Chief Justices of the Jharkhand High Court), AS Bopanna (Chief Justices of Gauhati High Court), Bhushan Ramkrishna Gavai (a judge of the Bombay High Court) and Surya Kant (Chief Justice of Himachal Pradesh High Court) have been elevated to the top court.
• With their appointment, the Supreme Court will reach its full sanctioned judicial strength of 31 judges.

 CURRENT AFFAIRS: INTERNATIONAL

Algeria and Argentina certified malaria-free by WHO

• Algeria and Argentina have been officially recognized by WHO as malaria-free. The certification is granted when a country proves that it has interrupted indigenous transmission of the disease for at least 3 consecutive years.
• Algeria is the second country in the WHO African Region to be officially recognized as malaria-free, after Mauritius, which was certified in 1973. Argentina is the second country in the WHO Region of the Americas to be certified in 45 years, after Paraguay in June 2018.
• Algeria and Argentina reported their last cases of indigenous malaria in 2013 and 2010 respectively.

CURRENT AFFAIRS: STATE

Jagan Mohan Reddy to be sworn in as CM of Andhra Pradesh

• In Andhra Pradesh, YSR Congress Chief Jagan Mohan Reddy will be sworn in as chief minister of Andhra Pradesh on 30th of this month at Vijayawada.
• According to the latest trends, the YSRC is heading for a landslide victory by winning around 150 assembly seats out of 175 in the state.

CURRENT AFFAIRS: BANKING AND FINANCE

Asian Development Bank to provide USD 750 million loan to India for railway track electrification project 

• Multilateral funding agency Asian Development Bank (ADB) has signed an agreement to provide USD 750 million equivalent in Indian rupee long-term financing to electrify railway tracks in India.
• It is the largest single non-sovereign loan ever committed by ADB to Indian Railway Finance Corporation (IRFC) to fund the railways track electrification project.
• IRFC will use the proceeds from the loan to install electric traction equipment along about 3,378 kilometres of existing railway lines to enable migration of passenger and freight traffic from diesel to electric traction.

SEBI, IRDAI set up regulatory sandbox for fintech innovations

• After the Reserve Bank of India released a draft framework for setting up a regulatory sandbox (RS) for fintech players in the counter, the market and insurance regulators have also launched similar initiatives.
• The market regulator SEBI and insurance regulator IRDAI have announced initiatives to encourage tech start-ups, especially fintech, by making data and systems available to them through the RS.
• RS is an infrastructure that helps fintech players live test their products or solutions, before getting the necessary regulatory approvals for a mass launch. It saves start-ups time and cost.
• SEBI is proposing an ‘Innovation Sandbox’, which would be a testing environment, where fintech firms and entities not regulated by SEBI.
• IRDAI recommended setting up a regulatory sandbox to test new digital and tech-based innovations, before launching them in the market.

CURRENT AFFAIRS: BUSINESS

HDFC Group overtakes Tata Group as India’s largest

• The HDFC group has overtaken the 151-year-old Tata group to emerge as India’s most valuable by way of market capitalization (m-cap).
• The combined market value of the five listed companies of the HDFC group – HDFC, HDFC Bank, HDFC Life, HDFC Asset Management and Gruh Finance – stood at Rs. 11.66 lakh crore as on May 20, 2019 while the combined m-cap of 29 Tata group companies stood at Rs. 11.64 lakh crore, about Rs 2,000 crore less than that of the HDFC group.

 CURRENT AFFAIRS: AWARDS AND HONOURS

Insurer Bharti AXA bags Claims Excellence Award

• Bharti AXA Life Insurance, a private life insurer, has been conferred with the FICCI Claims Excellence Award. The recognition comes for its customer-friendly claims services in the life insurance sector.
• The insurer improved its individual claim settlement ratio, the number of claims paid to the number of claims received, to 96.85 per cent in financial year 2017-18.
• Vikas Seth, MD and CEO of Bharti AXA Life Insurance.

Indra Nooyi receives honorary degree from Yale University for achievements in business 

• Former PepsiCo chairman and CEO Indra Nooyi was presented with an honorary degree by the prestigious Yale University, in recognition of her achievements in business and for being a global role model who encouraged women and girls to see themselves as top corporate executives.
• Nooyi, who received a degree in Master of Public and Private Management from the university’s Yale School of Management in 1980, was presented with the Honorary Doctor of Humane Letters.

Pune scientist Ankur Patwardhan wins German chemistry prize

• In a international competition ‘Elsevier Foundation-ISC3 Green and Sustainable Chemistry Challenge’, a project idea by Ankur Patwardhan from Pune has bagged the second prize of €25,000.
• His project named ‘Butterfly attractant for pollination and ecosystem health’ is about the relation between chemistry and ecosystem.
• Patwardhan is currently working as head of the ‘Annasaheb Kulkarni Biodiversity Department’ at Abasaheb Garware College, Pune.

Bhawana Kanth becomes 1st fighter pilot to qualify to go on combat missions

• Scripting history, Flight Lieutenant Bhawana Kanth became the first woman pilot of the Indian Air Force to qualify to undertake combat missions on a fighter jet.
• Kanth has completed operational syllabus for carrying out combat missions on Mig-21 Bison aircraft during day time.
• She is the first woman fighter pilot to be qualified to undertake missions by day on a fighter aircraft.
• Three women — Kanth, Avani Chaturvedi and Mohana Singh — were commissioned as flying officers in July 2016, less than a year after the government decided to open the fighter stream for women on an experimental basis.

Bengaluru Doctor Gets ‘Global Asian of the Year’ Award for Contribution to Women’s Healthcare Ecosystem

• Bengaluru-based medical doctor Hema Divakar was honoured with the ‘Global Asian of the Year 2018-19’ award in Dubai recently for her yeomen services and contributions to the women’s healthcare ecosystem, in India.
• Hema received 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 Al Zaabi.
• The award is conferred on those who stand out for vision, action and ingenuity and represent contemporary ideas to make global impact.

CURRENT AFFAIRS: MOU

Tech Mahindra signs Rs. 300 crore defence contract with Indian Navy

• Tech Mahindra announced its biggest defence order worth over Rs 300 crore with the Indian Navy. As part of the ‘Armed Forces Secure Access Card’ (AFSAC) Project, Tech Mahindra will implement RFID (Radio Frequency Identification) based Access Control System across all naval bases and ships.
• The new AFSAC Card will replace the existing paper based Identity Card for all Navy personnel including dependents and ex-servicemen. Using the CMMI (Capability Maturity Model Integration) level 5 processes.
• Tech Mahindra will develop a secure application to manage the access control devices, network devices and the AFSAC Card through a data center. Scheduled to be implemented over the next two years, the project will ensure smooth issuance, handling, administration, management and life cycle support of AFSAC Cards on turnkey basis.

MoU for Joint Collaboration on Cancer Research

• Department of Biotechnology (DBT), M/o Science and Technology and the Department of Atomic Energy (DAE), Government of India today signed an MOU for supporting joint collaborative research programmes in the area of Cancer.
• MOU shall help strengthen the various initiatives specifically for cancer viz.  Strategizing and prioritizing cancer research, development of new and affordable technologies, jointly design and fund clinical trials, coordinate and collaborate for translational research, interventions, training of manpower and infrastructure development.
• The clinicians shall work in coherence with Researchers to identify and develop collaborative research programmes and public health initiatives for awareness of the public at large.
• Various activities like joint clinical fellowships, intensive workshops on clinical research methodologies and protocol development shall work towards creating a community of trained manpower and provide a platform to utilize their acquired skills in the best possible manner.

CURRENT AFFAIRS: DEFENCE

Australia, Japan, South Korea and US kick off inaugural Pacific Vanguard naval exercise near Guam

• The United States, Japan, South Korea and Australia have kicked off “first-of-its-kind” naval drills near Guam, the U.S. Navy.
• The “Pacific Vanguard” exercise brings together more than 3,000 sailors from the four countries to “sharpen skills and strengthen practical cooperation at sea.
• The drills will focus on live fire exercises, defensive counter-air operations, anti-submarine warfare, and replenishment at sea.
• The Royal Australian Navy contributed two frigates to the exercise, HMAS Melbourne and HMAS Parramatta. The Japanese Maritime Self-Defense Force sent destroyers JS Ariake and JS Asahi, and South Korea the Republic of Korea Navy destroyer ROKS Wang Geon.

CURRENT AFFAIRS: SPORTS

Sethu FC crowned as Indian Women’s League champions

• Sethu FC turned around a first-half deficit to clinch their first ever Indian Women’s League trophy after defeating Manipur Police 3-1 at the Guru Nanak Stadium in Ludhiana, Punjab. 

CURRENT AFFAIRS: OBITUARY

Former Malaysian King Sultan Ahmad Shah passes away

• Malaysia’s seventh King and football veteran Sultan Ahmad Shah passed away at the age of 88.
• Ahmad Shah was also the fifth Sultan of Malaysia’s central Pahang state.
• Ahmad Shah was proclaimed the fifth Sultan of Pahang in 1974. He became the seventh Yang di-Pertuan Agong, or the supreme head of state from 1979 to 1984.

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