Current Affairs – May 26-27, 2019

Here’s your daily summary of Current Affairs – May 26-27, 2019

National - Current Affairs - May 26-27, 2019

Union Cabinet passes a resolution to dissolve 16th Lok Sabha

1c 18 - Current Affairs - May 26-27, 2019
The Union Cabinet met on Friday and adopted a resolution for the dissolution of the 16th Lok Sabha, setting in motion the process of constituting the new House and formation of the government after the conclusion of the general elections.
Prime Minister Narendra Modi, who chaired the meeting, will meet President Ram Nath Kovind to handover the resolution that will pave the way for constituting the 17th Lok Sabha.


ISRO Chairman flags off liquid hydrogen storage tank in Sri City

2c 18 - Current Affairs - May 26-27, 2019
K. Sivan, Chairman, Indian Space Research Organisation, flagged off the shipment of India’s largest liquid hydrogen storage tank at VRV Asia Pacific production plant in Sri City in Chittoor district of Andhra Pradesh. The storage capacity of the tank is 120-kilo liters. Liquid hydrogen is used as fuel for satellite launch vehicles.
VRV Asia Pacific manufactured the storage tank with a Liquid Nitrogen (LIN) shield, in a collaborative effort with Satish Dhawan Space Centre (SDSC) SHAR, under the Make in India initiative.


Indian Army officer appointed the commander of the UN Mission in South Sudan

3c 19 - Current Affairs - May 26-27, 2019
UN Secretary, General Antonio Guterres, has appointed Indian Army officer, Lieutenant General Shailesh Tinaikar, as the new Force Commander of the United Nations Mission in South Sudan (UNMISS).
The UN chief made the announcement on Friday that 57-year-old Lieutenant General Tinaikar will succeed Lieutenant General Frank Kamanzi of Rwanda who completes his assignment on May 26.


Assam Rifles and Coast Guard sign Charter of Affiliation

4c 18 - Current Affairs - May 26-27, 2019
The Assam Rifles and the Indian Coast Guard signed a ‘Charter of Affiliation’ to utilize each other’s assets for operational training, sports, and adventure. Assam Riffles director General Lt Gen Sukhdeep Sangwan and Indian Coast Guard director general Rajendra Singh represented their respective forces at the signing ceremony at the AR headquarters.


Satara girl Priyanka Mohite scales world’s fourth highest mountain Mt Lhotse

5c 18 - Current Affairs - May 26-27, 2019
26-year-old Satara-based mountaineer, Priyanka Mohite, successfully climbed Mount Lhotse, the fourth highest mountain in the world at 8,516 meters (27,940 ft), on Wednesday. Earlier, in 2013, Mohite became the youngest climber from the state to scale Mount Everest when she was 21. She was also the third youngest Indian to do so.


Business - Current Affairs - May 26-27, 2019

RBI allows modern currency chests to hike service charges

6c 18 - Current Affairs - May 26-27, 2019
The Reserve Bank of India said it will allow large modern currency chests to increase the service charges on cash deposited by non-chest bank branches from the existing rate of Rs. 5 per packet of 100 pieces to a higher rate subject to a maximum of Rs 8 per packet. For this, only a currency chest (CC) that fulfills the minimum standards will be eligible to be classified as a large modern CC, the RBI said in a circular to all banks.


RBI proposes norms to help to all NBFCs deal with the liquidity crisis

7c 18 - Current Affairs - May 26-27, 2019
The Reserve Bank of India proposed a set of guidelines for large NBFCs to help them deal with severe liquidity problems and prevent re-occurrence of IL&FS type of debt crisis. As per the proposal, a Liquidity Coverage Ratio (LCR) regime would be introduced in all deposit-taking Non-Banking Financial Companies (NBFCs) and non-deposit taking shadow banks with an asset size of Rs 5,000 crore and above in a phased manner.
The RBI has released a draft circular on the ‘Liquidity Risk Management Framework for NBFCs and Core Investment Companies (CICs). With a view to ensuring a smooth transition to the LCR regime, the proposal is to implement it in a calibrated manner through a glide path over a period of four years commencing April 2020 and up to April 2024.


Corporation Bank launches ‘Corp SME Suvidha’ for MSMEs

8c 19 - Current Affairs - May 26-27, 2019
Corporation Bank has launched ‘Corp SME Suvidha’, a product for GST-registered MSMEs. The product has been designed as part of the bank’s efforts to provide best products to MSME. PV Bharathi, Managing Director and Chief Executive Officer of the bank, launched the product in Mangaluru recently.


Awards - Current Affairs - May 26-27, 2019

Contemporary artist Nalini Malani becomes first Indian to win $78K Joan Miro Prize

9c 17 - Current Affairs - May 26-27, 2019
Indian contemporary artist Nalini Malani has won the Joan Miro Prize for 2019, the Barcelona-based Fundacio Joan Miro has announced. One of the most prestigious contemporary art awards in the world, it recognizes present-day work by artists who show the same spirit of exploration, innovation, commitment and freedom that characterized Spanish painter and sculptor Joan Miro’s life and work.


Science - Current Affairs - May 26-27, 2019

NASA unveils schedule for ‘Artemis’ 2024 Moon mission

10c 16 - Current Affairs - May 26-27, 2019
NASA unveiled the calendar for the “Artemis” program that will return astronauts to the Moon for the first time in half a century, including eight scheduled launches and a mini-station in lunar orbit by 2024. The original lunar missions were named for Apollo—Artemis was his twin sister in Greek mythology, and the goddess of hunting, wilderness, and the Moon.
Administrator Jim Bridenstine confirmed that Artemis 1 will be an uncrewed mission around the Moon planned for 2020. Next will come Artemis 2, which will orbit Earth’s satellite with a crew around 2022; followed finally by Artemis 3 that will put astronauts on lunar soil in 2024, including the first woman.


SpaceX Launches 60 Satellites for Elon Musk’s New Internet Service Starlink

14c 9 - Current Affairs - May 26-27, 2019
SpaceX, the private rocket company of high-tech entrepreneur Elon Musk, launched the first batch of 60 small satellites into low-Earth orbit on Thursday for Musk’s new Starlink internet service.
A Falcon 9 rocket carrying the satellites blasted off from Cape Canaveral Air Force Station at about 10:30 pm local time (02:30 GMT, Friday), clearing a key hurdle for a business venture that Musk hopes will generate much-needed cash for his larger ambitions in space.


Sports - Current Affairs - May 26-27, 2019

Apurvi Chandela wins 10m air rifle gold in ISSF World Cup in Munich

11c 17 - Current Affairs - May 26-27, 2019
Apurvi Chandela bagged the women’s 10m air rifle gold to get India off to a blistering start in the ISSF World Cup in Munich. Chandela’s total score in the final was 251. China’s Luyao Wang narrowly finished behind Chandela with a score of 250.8 while her compatriot Hong Xu (229.4) took the bronze medal. India’s Elavenil Valarivan finished fourth in the finals with a score of 208.3.


ICC Rankings: Shakib Al Hasan tops ODI all-rounders list

12c 14 - Current Affairs - May 26-27, 2019
Senior Bangladesh cricketer Shakib Al Hasan on 22nd May to the top of the latest ICC ODI rankings for all-rounders, which doesn’t feature a single Indian in the top-10 chart. Afghanistan’s Rashid Khan slipped to No.2 and his team-mate Mohammad Nabi rounds out the top three.


Indian Open Boxing: Mary Kom, Sarita Devi, Amit Panghal bag gold

13c 11 - Current Affairs - May 26-27, 2019
Multiple World champion M.C.Mary Kom beat former National champion Vanlal Duati 5-0 in 51 kg to earn her second gold. L Sarita Devi beat Simranjit Kaur for the women’s 60 kg gold medal. Asian Games gold medallist Amit Panghal asserted his class to get the better of a promising Sachin Siwach in the 52 kg final with a 4-1 verdict. India bags a total of 57 medals including 12 Gold, 18 Silver and 27 Bronze at India Open International Boxing tournament in Guwahati.


International - Current Affairs - May 26-27, 2019

WHO unveils plan to tackle global snakebite ’emergency’

15c 6 - Current Affairs - May 26-27, 2019
The World Health Organization unveiled a new strategy to dramatically cut deaths and injuries from snakebites, warning a dearth of antivenoms could soon spark a “public health emergency”. Each year, nearly three million people are bitten by poisonous snakes, with an estimated 81,000-138,000 deaths. Another 400,000 survivors suffer permanent disabilities and other after-effects, according to the WHO figures.
In a new report, the UN health agency urged the international community to take steps to address the problem, which it warned had long been dangerously under-estimated and neglected.


World Thyroid Day: May 25, 2019

16c 4 - Current Affairs - May 26-27, 2019
Every year May 25 is observed as World Thyroid Day to promote awareness and understanding of thyroid health and the advances made in treating thyroid diseases. World Thyroid Day was established in 2008 as part of a campaign led by the European Thyroid Association and the American Thyroid Association to emphasize the prevalence of thyroid diseases, to focus on the urgent need for education and prevention programs and to increase awareness of new treatment modalities.


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