Daily Current affairs - May 1st, 2017 for all competitive exams
International Labour Day, also known
as International Worker's Day or May Day is observed on 01st of
May every year to promote and encourage the international labour
associations.
- The
day marks the victory of workers' movement for eight hours of work. It
also aims to pay tribute to workers sacrifices in achieving economic and
social rights all over the world.
India to give Rs 35 cr to Bangladesh under
'Muktijodha scholarship' scheme
India will give Rs 35 crore to children
of freedom fighters in Bangladesh in the next five years under the
new 'Muktijodha scholarship' scheme.
- India
initiated the Muktijodha Scholarship Scheme in 2006 for descendants of
the 1971 Freedom Fighters. Until now, more than 10,000
scholarships worth Tk150 million have been disbursed.
Real Estate
Regulatory Act comes into force
The Real Estate Regulatory
Act, 2016 (RERA) is a landmark development in
the history of the sector. The Act comes into force on May 1, 2017.
- It
is aimed not only at bringing in more transparency and accountability but
also provide mechanisms to simplify and regulate the buying and selling of
all types of properties.
- The Act will give a major facelift to the methodology in
which this sector works, right from builders to end‐users to investors to
lending institutions and government agencies involved.
Infrastructure
Investment Trusts
The initial
public offering (IPO) for IRB InvIT, India’s first infrastructure investment
trust fund will shortly be opened for subscription. Sponsored by road developer
IRB Infrastructure Developers Ltd., the trust aims to raise up to ₹4,035 crore.
- InvITs
are similar to mutual funds. While mutual funds provide an opportunity to
invest in equity stocks, an InvIT allows one to invest in
infrastructure projects such as road and power.
Kerala's Aymanam Becomes Country's First Digitised
Panchayat ward
Aymanam ward in the Kerala district on
became India’s first digitalised panchayat ward. Union minister of state
for social justice and empowerment Krishan Pal Gurjar inaugurated the
website of the first digitalised panchayat ward number 15 of Aymanam gram
panchayat.
- The
minister launched the website www.digitalaymanam.com at the
function.
Maharashtra CM inaugurated state's 1st automatic
weather station
Maharashtra Chief Minister Devendra
Fadnavis has inaugurated the State’s first automatic weather
station at Dongargaon in Vidarbha region.
- With
the installation of this station information from the stations would help
farmers plan and manage the sowing process better.
- In
the first phase, information will be shared using SMS, and in the second,
all gram panchayats will get half-hourly information on weather
conditions.
South Asia
Satellite proposed by India
The South Asia
Satellite, proposed by Prime Minister Modi, is all set to be launched into
orbit on May 5, 2017, on board the Indian Space Research Organisation’s rocket
GSLV-09 from the Second Launch Pad (SLP) at Satish Dhawan Space Centre SHAR
(SDSC SHAR), Sriharikota.
- GSAT-9
is a Geostationary Communication Satellite with the objective to provide various communication
applications in Ku-band with coverage over South
Asian countries.
- The
main structure of the satellite is cuboid in shape built around a central
cylinder with a mission life of 12 years.
- The
satellite is meant for providing communication and disaster support,
connectivity among the countries of South Asia region.
- The
satellite will provide a significant capability to each of the participating
countries in terms of DTH, certain VSAT capacity plus linking among the
states for both disaster information transfer and also in terms of library
type of things.
SEBI
finalizes norms for listing of green bonds
Regulator Sebi
has finalized norms for issuance and listing of green bonds, which will help in raising
funds from capital markets for investment in the renewable energy space.
- The rules have been finalised by the Securities and Exchange Board of India (Sebi) after taking into account inputs from the finance and environment ministries, as also from the Ministry of New and Renewable Energy (MNRE).
Former minister Ashwani Kumar to get Japan Imperial
Decoration
Former Union minister Ashwani Kumar has
been selected by Japan for this year's Spring Imperial
Decorations, for his contribution to the strengthening of bilateral ties
and promotion of friendship between the two countries.
- The
Presentation Ceremony for the Investiture of the Grand Cordon of the Order
of the Rising Sun will be held at the Imperial Palace in Tokyo on May
9.
Turkey's President Recep Tayyip on visit to India
Turkey's President Recep Tayyip Erdogan was
given the ceremonial reception at Rashtrapati Bhawan in New Delhi. The visiting
dignitary will hold delegation level talks with PM Modi.
- A
number of agreements will be signed in several areas after the
talks.
- The
Turkish President is accompanied by senior cabinet ministers and a
150-member business delegation that will take part in a meeting of the
India-Turkey Business Forum.
Google introduces 'Solve for India' campaign
Google has announced the
new "Solve for India" initiative, especially for tier-2
cities such as Pune, Jaipur, Hyderabad, Kolkata, Kochi, Indore, Nagpur, Nashik,
Madurai, Kanpur, and Chennai.
- This
program will aim to support entrepreneurs and developers of the country.
Entrepreneurs will now have the opportunity to learn directly from Google
engineers. Some of the areas will include agri-tech, healthcare,
transportation, education, sanitation and more.
Yusra Mardini appointed UNHCR Goodwill Ambassador
The United Nations High Commissioner for Refugees
(UNHCR) has appointed Syrian refugee and Olympic athlete Yusra
Mardini as a Goodwill Ambassador.
- Ms.
Mardini, who has settled in Germany, participated in the first ever
Olympic refugee team at the Rio de Janeiro games in 2016.
- UNHCR,
the UN Refugee Agency, is a global organization dedicated to saving lives,
protecting rights and building a better future for refugees, forcibly
displaced communities, and stateless people.
Russian Grand Prix 2017: Valtteri Bottas wins his
first F1 race
Valtteri Bottas (Mercedes) claimed his first
Formula One victory, taking the flag at the Russian Grand Prix after a tense
final few laps as he was chased down by Ferrari’s Sebastian Vettel.
- In
the race, Sebastian Vettel finished in second and
Mercedes's Lewis Hamilton stood fourth.
Rafael Nadal Clinches his 10th Barcelona Open Title
Rafael Nadal won a
record-extending 10th Barcelona Open title by defeating Dominic Thiem
of Austria. He collected his second claycourt title in a row.
- Nadal,
who won the Monte Carlo Masters for a 10th time last week, romped to the
title without dropping a set on the newly renamed Rafa Nadal court at the
Real Tennis Club in Barcelona.
Pankaj Advani wins silver at Asian Snooker
Championship
India's top cueist Pankaj Advani lost
to China's Lv Haotian in the summit clash of Asian Snooker
Championship held in Doha, Qatar.
- This
is the first silver Advani has won this season, the rest all gold
medals at the National Championships of Billiards, 6-red Snooker and
15-red Snooker, as well as the Asian Billiards Championship.
Joshna Chinappa becomes first Indian to win Asian
Squash title
Joshna Chinappa scripted history by becoming
the first Indian to clinch the Asian Squash title with a thrilling
win over compatriot Dipika Pallikal Karthik in the women's final.
- The
event was organized in Chennai.
- In
the men's final, top-seeded Max Lee of Hong Kong kept his tryst with glory,
winning his maiden title beating India's Saurav Ghosal.
Sufi legend Begum Yaman passes away at 52
Famous Sufi singer and daughter of legendary
Sitar Maestro (late) Ustad Vilayat Ali Khan, Begum Yaman K. Khan has
passed away after multiple organ failures.
- She was the recipient of ‘Hasrat Amir Khusrao Award’ by Urdu Press Club International.
