NATIONAL UPDATES:
1. Uma Bharti launches Water Conservation Programme for Bundelkhand: Union
Water Resources, River Development, and Ganga Rejuvenation Minister Sushri Uma
Bharti today launched Bundelkhand water conservation program at Bandri in Sagar
District of Madhya Pradesh (MP). The objective is to effectively
improve ground water conditions in stressed blocks, ensure sustainability of
resource both quantitatively and qualitatively.
2. Today – Day of Remembrance
for all victims of Chemical Warfare: The Day of
remembrance of all victims of chemical Warfare was observed on April 29 by the United Nations
(UN). This commemoration will provide an opportunity to pay tribute to the
victims of chemical warfare, as well as to reaffirm the commitment of the
Organization.
3. E-Taxi trial run to begin in
Nagpur: India’s first electric taxi (e- taxi) trial in the
country would be launched in Nagpur from May 24. Mahindra and Mahindra are
set to provide 200 taxis for the initiative. Electric car taxi is one of
the ambitious projects and forms as a part of its United Nations Development
Program (UNDP) millennium goals to tackle pollution.
4. IOC to build new oil terminal in Bihar: The
Indian Oil Corporation (IOC) has planned to build a new oil terminal at
Motihari in Bihar to supply fuel to Nepal via the planned pipeline up to
Amlekganj in Nepal. The 69-km Motihari-Amlekganj pipeline will be built at
a cost of Rs.325 crore. In August 2015, India and Nepal signed a
memorandum of understanding (MoU) for a
product pipeline.
5. ISRO to launch five
satellites by 2017- end to boost communication capability: The
Indian Space Research Organisation (ISRO) will
launch five communication satellites by the
year-end. The satellites launched by the ISRO and their purposes in the
areas of weather forecasting, disaster management, space exploration,
geo-spatial applications, education, and agriculture.
INTERNATIONAL UPDATES:
1. North Korea once again test-fires ballistic missile: North
Korea has test-fired a ballistic missile defying
global pressure and warnings from the United States and its mainly,
China. The test was conducted from the Pukchang region
present in the north of the North Korean capital, Pyongyang. The missile
launched is expected to be a medium-range weapon known as a KN–17 and appears
to have disintegrated within minutes of taking off.
BANKING
& FINANCE
1. Paytm to invest 10,000 crores in banking, financial services: Paytm
will invest Rs 10,000 crore in
its banking and financial services in the next three years and hopes to get the
final approval for its payments bank operations. The Paytm operates a mobile
wallet and e-commerce marketplace over 1.5 billion
transactions on its platform, the company now aims to cross the 4.5 billion
mark this year.
2. Google CEO Pichai was paid
1,285 cr as compensation in 2016: Google CEO Sundar Pichai
received a compensation package of $200 million
(1,285 crore) from parent firm Alphabet in his first year at the helm of the
company. Pichai received a salary of $650,000 in 2016 besides a $198.7 million
stock award, roughly double of his stock in 2015.
BUSINESS & ECONOMY
3. Hero MotoCorp named Indian MNC of the Year: World’s
largest two-wheeler manufacturer Hero MotoCorp was adjudged the ‘Indian MNC of the year' by
All India Management Association. Brand Hero has expanded to 35 countries
spread across Asia, Africa and Central and South America in a very short span
of time since charting its solo journey in 2011. Hero’s manufacturing
plant is situated in Vila Ricca, Colombia.
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