Current Affairs 22 May 2018

Current Affairs of May 22, 2018, are as follows:-

1. International Day for Biological Diversity 2018 observed globally:-

  • The International Day for Biological Diversity was observed across the world on May 22, 2018, with an aim to raise awareness about the conservation of biodiversity.
  • The theme of International Day for Biological Diversity 2018 was ‘Celebrating 25 Years of Action for Biodiversity’ as the year 2018 marks the 25th anniversary of the Convention on Biological Diversity.
  • The United Nations General Assembly, by its resolution 55/201 of December 20, 2000, proclaimed 22 May as the International Day for Biological Diversity.
  • The day was proclaimed with an aim to commemorate the adoption of the Convention on Biological Diversity (CBD) on May 22, 1992, by the Nairobi Final Act.
  • The International Day for Biological Diversity falls within the scope of the UN Post-2015 Development Agenda's Sustainable Development Goals.

2. Assam government to provide pension to 16 lakh senior citizens:-

  •  The Assam government will provide pension to 16 lakh senior citizens of the state. 
  • Chief Minister Sarbananda Sonowal has directed the Panchayat and Rural Development department to take necessary step in this direction in a bid to empower the senior citizens.
  •  Under the initiative, the state government will provide pension to all senior citizens who are 60 years and above. The pensioners would get 250 rupees per month which would be transferred online.

3. State Bank of India Reports Loss Of Rs. 7,718 Crore In March Quarter:-

  • State Bank of India (SBI), the country's biggest lender, reported a loss of Rs. 7,718 crore in the January-March quarter, hurt by higher provisions for bad loans.
  • The loss for the three months to March 31 was deeper than the expected Rs. 1,285 crore on average by 16 analysts, according to Thomson Reuters data.
  • SBI shares rallied after the results were announced. Shares were up 5% at Rs. 256 in afternoon trade. Gross bad loans as a percentage of total loans rose to 10.91% from 10.35% three months earlier and 6.90% a year prior.

4. India to hold a first joint naval exercise with Vietnam:-

  •  India is preparing to hold a naval exercise with the Southeast Asian nation Vietnam.
  •  For the same, three Indian warships– INS Sahyadri, INS Shakti & INS Kamorta entered the Tien Sa Port in Vietnam on May 21.
  • On completion of the harbor phase, warships from the two naval forces would conduct their first joint naval exercise.

5. Haryana to launch Chatra Parivahan Suraksha Yojana:-

  • Haryana government is going to launch Chatra Parivahan Suraksha Yojana for the safety of girls in the state.
  •  Under the scheme, all the girl students will get free travel facility from their home to their educational institutions.
  •  The main objective of the scheme is to ensure that the girls feel secure at public places, workplaces and while traveling.

6. India Successfully Test-Fires BrahMos Missile Along Odisha Coast:-

  • India successfully test-fired the Indo-Russian joint venture BrahMos supersonic cruise missile from a test range along the Odisha coast to validate some new features.
  • The missile was test-fired from a mobile launcher stationed at Launchpad 3 of the Integrated Test Range (ITR) at Chandipur, according to DRDO.
  • The trial was conducted to validate its “life extension” technologies developed for the first time in India by DRDO and team Brahmos.

7. Assam government to provide pension to 16 lakh senior citizens:-

  •  The Assam government will provide pension to 16 lakh senior citizens of the state.
  •  Chief Minister Sarbananda Sonowal has directed the Panchayat and Rural Development department to take necessary step in this direction in a bid to empower the senior citizens. 
  •  Under the initiative, the state government will provide pension to all senior citizens who are 60 years and above. The pensioners would get 250 rupees per month which would be transferred online.

8. India To Achieve 9% Growth Rate By 2022: NITI Aayog:-

  • NITI Aayog vice-chairman Rajiv Kumar exuded confidence that Indian economy will achieve 9% growth rate on a sustained basis by 2022 on the back of reforms like GST, demonetization and the Insolvency and Bankruptcy Code (IBC).
  • According to Mr. Kumar, Indian economy grew by 6.6% in 2017-18 and expected to grow at 7.5% this fiscal.

9. Madhya Pradesh launches 'My MP Rojgar Portal':-

  • The Chief Minister of Madhya Pradesh, Shivraj Singh Chouhan has launched 'My MP Rojgar Portal' to provide jobs to youths as per their educational qualification, skills, and interest and ensure availability of able candidates to employers as per the need of their business.
  • The portal was launched as a part of the 'Ham Chhu Lenge Asman' Mukhyamantri Career Counselling programme ‘Pahal' in Model School of Bhopal.

  • It was prepared by the Madhya Pradesh Skill Development and Employment Generation Board under youth empowerment mission

  • The youth will be able to open their employment account on the portal by registering their profile as per their qualification.

  •  The portal will enable the user to choose the place of employment, job sector, and job role.

  • The user would be able to gain information on the number of jobs, posts, and employers as per this interest and ability, on searching in profile account.

10. Sony to buy EMI Music Publishing in USD 1.9 billion deal:-

  •  

    Sony Corporation on May 22, 2018, announced to acquire EMI Music Publishing, one of the world's largest music publishing companies, in a USD 1.9-billion deal. 
  • EMI is the second-largest music publishing company by revenue and holds the rights to 2.1 million pieces of music including classics by the likes of Queen, Sam Smith, Pharrell Williams, and Drake. 
  • The deal adds a catalog of more than 2 million songs to Sony's huge list, which already owns 2.3 million copyrights, including the Beatles catalog.
  • Sony signed a deal with Abu Dhabi-based investment firm Mubadala to buy its 60-percent holding in EMI Music Publishing. Sony is expected to pay about USD 2.3 billion in cash for the deal.
  • The deal will value EMI Music Publishing at USD 4.75 billion and it will become a consolidated subsidiary of Sony.

Current Affairs Month