Current Affairs 05 May 2018

Current Affairs of May 05, 2018, follow as:-

1 Nobel Prize in Literature will not be awarded this year:-

  • The Swedish Academy on May 5, 2018, announced that the Nobel Prize in Literature will be not awarded this year following the sex-abuse allegations and other issues within its ranks that have stained the body’s reputation.
  • The decision was taken in view of the reduced public confidence in the Academy. However, the 2018 prize will be given in 2019.
  • It is the first time since 1943 that the prestigious award will not be handed over.

2.Venkaiah Naidu On 5-Day Visit To South America:-

  • Vice President M Venkaiah Naidu emplaned for a five-day visit to South America's Guatemala, Peru and Panama.
  • Bilateral trade and investments are expected to be mainly discussed during the visit.
  • This will be the Vice President's first overseas visit after assuming office.
  • He will be accompanied by a high-level delegation, including Minister of State for Tribal Affairs Jasvantsinh Sumanbahi Bhabhor.

3. Freedom fighter Keyur Bhushan passed away:-

  • The great freedom fighter & writer Keyur Bhushan passed away. Bhushan took part in the 1942 Quit India movement as a student in Raipur and was incarcerated.
  • He penned novels, collections of short stories and poems. He also edited ‘Sapthahik Chhattisgarh’ and ‘Antyoday’.

4.Twelfth Informal Meeting Of SAARC Finance Ministers Held In Manila:-

  • The 12th informal meeting of SAARC Finance Ministers was held in Manila, Philippines, on the sidelines of the 51st Annual Meeting of Asian Development Bank (ADB). 
  • The meeting was attended by the Finance Ministers/Heads of Delegations from the SAARC member states. Finance Minister of Nepal Yuba Raj Khatiwada chaired the meeting.
  • The Finance Ministers/Heads of Delegation briefed the meeting about the current status of economic progress achieved by their countries.

5. Sajid Javid replaces Amber Rudd as Home Secretary of UK:-

  • Pakistani-origin MP Sajid Javid was appointed Britain’s new Home Secretary to replace Amber Rudd, who resigned after admitting that she had “inadvertently misled” Parliament over the existence of deportation targets for immigrants.
  • Javid was promoted from his Cabinet post of Communities, Local Government and Housing Minister. 
  • Javid, a former investment banker, is the Conservative party MP for Bromsgrove and has previously held business and culture portfolios in the UK government.

6. First organised census of Indus Dolphins begins in Punjab:-

  • Punjab government along World Wildlife Fund (WWF)-India are conducting first organised census of Indus Dolphins, one of the world’s rarest mammals found only in India and Pakistan.
  • The organised census aims at conservation of the species.
  • Indus Dolphin is subspecies of freshwater river dolphin (which also includes Ganges River dolphin) found in Indus river (and its Beas and Sutlej tributaries) flowing through India and Pakistan.
  • It is a national mammal of Pakistan.
  • It will be conducted two joint teams of Department of Forests and Wildlife Preservation, Punjab and WWF-India.

7. Dakota aircraft join IAF again:-

  • A restored Dakota aircraft has joined the Indian Air Force more than four decades after the fleet was phased out following an illustrious service record. 
  • The Dakota DC-3 VP 905 was formally inducted at a grand ceremony held at Hindan air force station on May 4.
  • The aircraft was flown back to India from the UK by a joint crew of IAF and Reflight Airworks.
  • During its journey, the aircraft flew a total of 9750 km and made en-route halts in France, Italy, Greece, Jordan, Bahrain and Oman. 
  • According to an official statement, the historic flight across seven countries was a commemoration of the service provided by the venerable aircraft to the nation. 

8.'Go To Village' Mission Launched In Manipur:-

  • Manipur Chief Minister N. Biren Singh launched 'Go to Village' mission throughout the state from Konuma ground.
  • The mission was launched in 60 villages of all the 60 Assembly constituencies.
  • The mission is aimed at identifying the eligible and deserving beneficiaries in every corner of the state and delivering government services at their doorstep.

9.RBI eases External borrowing norms to enable cheaper funds:-

  • The Reserve Bank of India (RBI) liberalised External Commercial Borrowings (ECB) Policy by including more sectors in the window to facilitate cheaper access to overseas funds to Indian companies.
  • RBI has stipulated uniform, all-in cost ceiling of 450 basis points (bps) over benchmark rate, which, in most cases, is six-month London Interbank Offered Rate (LIBOR). 

10. Union Government Announces Project To Strengthen Namami Gange Programme;-

  • The 11th Executive Committee meeting of National Mission for Clean Ganga (NMCG) recently approved the project encompassing the use of Geographic Information System (GIS) technology for Namami Gange programme with a total budget of Rs 86.84 crore.
  • The project includes the use of Digital Elevation Model (DEM) technology which ensures accurate data collection.
  • In order to facilitate the Ganga rejuvenation task through the GIS technology, the National Mission for Clean Ganga has tied-up with the Survey of India, the oldest scientific department in the country set up in 1767.
  • The National Mission for Clean Ganga also approved the project to strengthen the State Pollution Control Boards (SPCBs) of five main stem Ganga basin states, namely, Uttarakhand, Uttar Pradesh, Bihar, Jharkhand and West Bengal. The project was approved at an estimated cost of Rs 85.97 for 5 years.


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