Current Affairs - May 5, 2017 Current Affairs

President Pranab Mukherjee has given a nod to an ordinance giving greater powers to the Reserve Bank of India to tackle mounting bad loans. The ordinance amends Section 35A of the Banking Regulations Act. The amendments to the Act will help the RBI resolving the bad loans problem.

India and Japan signed a MoU in promoting investment in infrastructure projects in railways and transportation. An MoU signed between National Investment and Infrastructure Fund (NIIF) and Japan Overseas Infrastructure Investment Corporation for Transport and Urban Development.

Swachh Survekshan 2017 was carried out by Quality Council of India on the spot assessment of 17,500 locations in 434 cities and towns. Indore is India's cleanest city, according to the Swachh Survekshan 2017.

The Indian national football has managed to secure a 100th spot and entered into the top 100 of Federation International Football Association (FIFA) world football rankings.

Madhya Pradesh, Chief Minister and Union Rural Development Minister inaugurated the world level weapon production unit "Punj Lyod Defence System" in Malanpur Industrial Area of Bhind district. The plant will manufacture the products like X95 carbine and assault rifle, Galil sniper rifle, Tavor assault rifle and Negev Light Machine Gun (LMG).

India launched the Geosynchronous Satellite Launch Vehicle (GSLV-F09) carrying the GSAT-9 or the "South Asia" satellite on 5 May with the total weight of 2,230 kg. Initially, it was to be named "SAARC Satellite" but its name was changed to South Asia Satellite after Pakistan refused to join the project. It was launched from the Satish Dhawan Space Centre in Sriharikota in Andhra Pradesh. The satellite is meant for providing communication and disaster support and connectivities among the countries of South Asia region.

Police public schools will be set up in all sub-divisions of Haryana to provide best education facilities for the children of police personnel by the end of April 2018. 1,560 houses for police personnel are being built by the Haryana Police Housing Corporation in the first phase.Construction of 1,500 more houses will be undertaken in the second phase.

Young Indian shooter Shapath Bharadwaj reached his first ever ISSF World Cup stage Final after finishing fourth shoot-off in the men's double trap event. Shapath was one of the four shooters to finish with a score of 135.

The Agni-ll Ballistic Missile was successfully test fired at A.P.J Abdul Kalam island of Dhamara in Odisha by the personnel of the Strategic Forces Command of the Indian Army. The missile reportedly achieved its full range and splashed down at the pre-designated target in the sea with high degree of accuracy.

The Boxing Federation of India recommended the women's trio of World Championship silver medallists- Saweety Boora(81kg), Sonia Lather(57kg), and Sarjubala Devi(51kg) for 2017 Arjuna awards.

Banganapalle Mango received a Geographical Indication(GI) tag, indicates the product comes from a specific region. It's known for its sweetness and is called as the King of fruits. It received the GI registration certificate from the GI registry in Chennai, after its application was accept.

Russia, Turkey and Iran signed an agreement to create a safe zones in Syria. The major objective of the memorandum is to stop the violence and facilitate conditions for the safe, voluntary return of refugees as well as to provide rapid and uninterrupted delivery of relief supplies and medical aid.

Facebook launched its "Express Wi-Fi" in India to help more people get online. It means a Free Basics platform, ties up with entrepreneurs to help them set up public WiFi hotspots and helping them provide internet to a lot of citizens in poor or no connectivity areas. The service is now available via 700 hotspots across four states of Uttarakhand, Gujarat, Rajasthan and Meghalaya. Apart from India, "Express Wi-Fi" services are currently active in Indonesia, Kenya, Nigeria, and Tanzania.

The national Green Tribunal (NGT) announced anyone found dumping electronic waste(e -waste) on the banks of river Ramganga in Moradabad in Uttar Pradesh have to pay Rs one lakh as environment compensation. India is the fifth-largest producer of e-waste, discarding roughly 18.5 lakh metric tonnes of electronic waste annually.

Assam Prabhat Kamal Bezboruah has been named the new chairman of the Tea Board of India. Bezboruah becomes the first non-IAS and an owner of at least 6-7 top-rung tea gardens in Assam.

SAMPADA - Scheme for Agro-Marine Processing and Development of Agro-Processing Clusters. The cabinet Committee on Economic Affairs (CCEA) approved the restructuring of schemes of the Ministry of Food Processing Industries (MoFPI) under new central Scheme "SAMPADA".