Current Affairs of May 07, 2018 are as follows:-
1.Third South Asian Junior Athletics Championships: India Tops With 50 Medals:-
- India finished on top in the 7-nation 3rd South Asian Junior Athletics Championships in Colombo, Sri Lanka on the final day.
- India ended with 20 gold, 22 silver and 8 bronze medals (Total 50 Medals).
- Sri Lanka bagged rest of the 12 gold medals in the competition along with 10 silver and 19 bronze.
- Pakistan won one silver and a bronze to settle for the third place.
- The juniors will next represent India at the 18th Asian Junior Athletics Championships to be held in Gifu, Japan in June 2018.
2. Australia pledges cash to help save the Koala:-
- Australia on May 7, 2018, unveiled a US $34 million plan to help bring its koala population back from the brink, following a rapid decline in the furry marsupial's fortunes.
- The Australian Koala Foundation estimates there may be as few as 43,000 koalas left in the wild, down from a population believed to number more than 10 million prior to European settlement of the continent in 1788.
- Studies show a 26 percent decline in the koala population in New South Wales over the last 15-20 years.
- The state lists the species as ‘vulnerable’, while in other parts of the country they are effectively extinct.
- Under the Aus $45 million plan, thousands of hectares will be set aside to preserve the bear’s natural habitat.
3. Reserve Bank of India Announced Rs10,000 Crore Bond Purchases:-
- The Reserve Bank of India (RBI) announced that it would buy Rs. 10,000 crore ($1.50 billion) of government bonds via open market operation (OMO), after failing to sell all the debt it had offered to bidders.
- The 10-year government bond yield rose to 7.75% from 7.74% before the auction result was announced. The eligible participants should submit their offers in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system.
4. India develops a model to forecast reach of Tsunami waves:-
- India would soon be to able to forecast the distance of a destructive tsunami wave after it hits the coast.
- The prediction could help reduce a loss of life and property in the future.
- The Indian National Centre for Ocean Information Services (INCOIS), under the Ministry of Earth Sciences, has developed a new model that would predict how far the sea water would travel after violating natural boundaries.
5. Neeraj breaks own National record:-
- Javelin thrower Neeraj Chopra has broken his own national record by clearing a distance of 87.43m to finish 4th in the Diamond League series.
6. India and Sri Lanka Agree On Information Exchange For Drug Control:-
- India and Sri Lanka agreed on cooperation on exchange of information and other aspects to tackle smuggling of drugs in both countries.
- A decision to this effect was taken at the third bilateral meeting between delegations from India's Narcotics Control Bureau (NCB) and Sri Lanka's Police Narcotics Bureau (PNB) on narcotics, drugs and psychotropic substances and related matters in New Delhi.
7.EU carbon emissions rose in 2017: Eurostat:-
- European Union (EU) carbon emissions from burning fossil fuels increased in 2017, according to statistics office Eurostat.
- Carbon emissions in the EU were up 1.8 percent from 2016, Eurostat said, with a double-digit increase in Malta and Estonia.
- While Finland and Denmark showed the sharpest declines, emissions in Germany -the bloc's largest economy and still dependent on coal for 40 percent of its electricity, showed little change.
- The EU has been vocal about trying to save the Paris Agreement on climate change after the United States said it would withdraw from the deal.
8. An adult couple has the right to live together without marriage: SC:-
- In a historic first, the Supreme Court of India ruled on May 6, 2018, that an adult couple has the right to live together without marriage.
- The apex court held that live-in relationships were now even recognized by the Legislature and they had found a place under the provisions of the Protection of Women from Domestic Violence Act, 2005.
- The court made the observation while asserting that a 20-year-old Kerala woman, whose marriage had been annulled, could choose whom she wanted to live with.
9. India's 7% Projected Growth Rate For The Current Fiscal: ADB:-
- Asian Development Bank Chief Economist Yasuyuki Sawada stated India's projected GDP growth of over 7 percent for the current fiscal (2018-19) is amazingly fast and if this momentum is maintained the size of the economy can double within a decade.
- According to ADB, India should not worry about not achieving 8 percent growth but focus on increasing domestic demand by reducing the income inequality.
10. Lebanon conducts a first general election in nine years:-
- The polling stations opened in Lebanon on May 6, 2018, for the country's first parliamentary election in nine years, a period marked by stretches of political paralysis and war in neighboring Syria.
- The unofficial results are expected to start coming in and a formal tally is expected to be announced in the coming days.
- The election law makes it illegal to publish forecasts of how the parties will perform.