NATIONAL
UPDATES:
1. Krishna Murari as CJ of Punjab and Haryana HC : The
Union Law Ministry has cleared the appointment of Justice Krishna Murari of the Allahabad High
Court as the Chief Justice of Punjab and Haryana High Court.Justice Murari will
succeed former chief justice S J Vazifdar, who retired on May 3.Punjab and
Haryana High Court is the common High Court for Haryana, Punjab and Union
Territory of Chandigarh.
2. Guidelines for Adventure Tourism launched : The Government is for the
first time issuing guidelines for Adventure Tourism in India.The guidelines on
Safety and Quality Norms for Adventure Tourism in India have been formulated
along with the Adventure Tour Operators Association of India.The aim of this
initiative is to help adventure tour operators understand and execute safety
guidelines in a better manner.
3. Andhra Pradesh gets new state
bird & flower : Andhra Pradesh government has decided to notify ‘Rose-ringed
parakeet’ popularly known as ‘Rama Chiluka’, as the state bird.The
neem is the official tree of the Andhra Pradesh.The blackbuck is the
animal while Jasmine as its state flower.Andhra Pradesh was bifurcated to
create Telangana in June 2014.
4. New Northern Army Commander : Lt Gen Ranbir Singh has been
appointed as the new Northern Army commander.Lt Gen Singh succeeds Lt Gen
Anbu who has been appointed as the Vice-Chief of the Indian Army.Lt Gen
Ranbir Singh was the Director-General of Military Operations (DGMO) when India
carried out surgical strikes across the Line of Control (LoC) in Jammu and
Kashmir.
INTERNATIONAL
UPDATES:
1. RIMPAC from June 27, 2018 : As many as 26 countries, including India, would
participate in the biennial Rim of the Pacific (RIMPAC) military exercise from
June 27 to August 2, in and around the Hawaiian Islands and Southern
California.RIMPAC is known as the world’s largest international maritime
exercise.Four countries — Brazil, Israel, Sri Lanka and Vietnam — are
participating in RIMPAC for the first time in 2018.
2. World No Tobacco Day observed on 31 May : World No Tobacco Day (WNTD) is observed around the
world every year on 31 May. It is intended to encourage a 24-hour period
of abstinence from all forms of tobacco consumption around the globe.The
World Health Organisation(WHO) has designated 31st May of each year as the
World No Tobacco Day.The theme for 2018 is “Tobacco and heart disease”.
3. India, Indonesia to set up task force : India and Indonesia have agreed to set up a special
task force to enhance connectivity between the strategic Andaman andNicobar
Islands and provinces in Sumatra Island.This will promote trade, tourism and
people-to-people contacts.The Joint Task Force will undertake projects for port
related infrastructure in and around Sabang which is an Indonesian island.
OTHER
UPDATES:
BUSINESS/ECONOMY:
1.
Microsoft becomes third most
valuable firm : Microsoft
has surpassed Alphabet, in the market capitalisation for the first time in
3 years, becoming the 3rd most valuable firm after Apple &
Amazon globally.On May 29, 2018, Microsoft reportedly had a market cap of $753
billion at the close of trading, almost $14 billion ahead of Alphabet.Apple
leads with a market cap of $924 billion & Amazon is at second spot with
nearly $783 billion.
BANKING/FINANCE :
1.
Yes Bank inks MoU with SIDBI : Yes Bank has entered into an agreement with SIDBI
under which it will act as a preferred financial institution for giving loans
to the small and medium enterprising customers.This will facilitate smooth flow
of credit in a hassle-free manner to MSME customers availing term loan facility
from SIDBI.Small enterprises will also be entitled to use Yes Bank’s varied
banking solutions.
DEFENCE:
1. India-Nepal joint
military exercise begins : A joint military exercise between India and Nepal
began on May 30 in Uttrakhand.The military exercise, which is set to conclude
of June 12, is called ‘Surya Kiran’ and is conducted alternatively in India and
Nepal every six months.Surya Kiran with Nepal is India’s largest military
exercise in terms of troop participation.
2. Upgraded Pinaka rocket successfully test-fired
: An upgraded version of Pinaka
rocket, with a guidance system and an enhanced range, was successfully
test-firedfrom the Proof & Experiment Establishment at Chandipur in Odisha.Pinaka
has now been upgraded into a guided version, with a navigation, guidance &
control kit developed by the Research Centre, Imarat, Hyderabad.The conversion
helped in enhancing the range and accuracy of Pinaka.