NATIONAL UPDATES:
1.Cabinet
approved setting up of NIMHR at Bhopal : Union Cabinet has approved setting up of a National Institute of Mental
Health Rehabilitation at Bhopal.The main objectives of NIMHR are to provide
rehabilitation services to people with mental illness and advanced research in
mental health rehabilitation.Cabinet approved setting up of NIMHR under the
aegis of Department of Empowerment of Persons with Disabilities.
2. Digitisation of dying languages : Centre and State Governments are working along with start-ups to provide
regional language-related products and services.Languages like Ol Chiki script
of Santali which is also one of the 22 official languages of India and Gondi
language are gaining popularity due to this measure.The
not-for-profit organisation ‘Indic Project’ has developed open
source tools for language digitisation.
3. Anindita got Jayadev Rashtriya Yuva Puraskar : US-based Kathak dancer Anindita Anaam was honoured with
the prestigious ‘Shri Jayadev Rashtriya Yuva Pratibha Puraskar 2018’ for
outstanding contribution to the field of art.The award was presented to the
Kathak exponent during the ‘Jayadev International Dance Festival’.The festival is
organised under the aegis of Odisha’s culture department and National Culture
Mission
4. Yudhvir Malik got extra charge of NHAI chief : Yudhvir Singh Malik, the Secretary of Ministry of Road,
Transport, and Highways, has been given additional charge of the post of NHAI
chairman.Deepak Kumar, the chairman of National Highway Authority of India
(NHAI), was sent back to his cadre state Bihar before completion of his
tenure.Kumar, a 1984 IAS officer of Bihar cadre, had taken over as the NHAI
chief on June 28 last year.
5. Development of ‘Freight Village’ in Haryana : Cabinet approved the development of trunk infrastructure
components for the integrated multi-modal logistics hub known as ‘Freight
Village’.They will be built at
Nangal Chaudhary in Haryana under the Delhi-Mumbai Industrial Corridor Project.Freight villages are
logistics centers, where the cargoes from different transport modes can be
reloaded, compiled and prepared for transportation.
6. Approval for central university in Andhra : The Union Cabinet has approved the setting up of a
central university in the Anantapur district of Andhra Pradesh, Human Resource
Development Minister Prakash Javadekar said.A provision of ₹450 crore has been approved for the first phase of
establishing the university.Andhra Pradesh had been left with no central
university following its division into two states in 2014
7. Uttarakhand Cabinet held meeting in a boat : The Uttarakhand Cabinet organised a meeting in a boat
named Marina on the Tehri Reservoir.Uttarakhand Chief Minister Trivendra Singh
Rawat was present for the cabinet meeting.Notably, a cabinet meeting was held
outside the capital of the state for the first time ever.Famous Tehri Dam is
located on the river Bhagirathi.
INTERNATIONAL UPDATES:
1. India to attend SCO Culture Ministers’ meet : The Minister of State for Culture Dr. Mahesh Sharma will
be attending Shanghai Cooperation Organization (SCO) Cultural Ministers Meeting
at Sanya in China.It is the first time that
India would be attending the SCO Culture Ministers’ Meeting.The meeting will showcase
India’s initiatives to actively pursue cultural cooperation with other
countries including SCO countries.
2. BRO built a road from India’s border to China : The Border Roads Organisation (BRO) has created history
by establishing a road link to India’s border with China beyond Limeking and
along the Tama Chung Chung-Taksing Axis recently.The road from Limeking now
connects TCC to Taksing, covering a distance of approximately 80
kilometers.BRO develops and maintains road networks in India’s border
areas. It comes under the Ministry of Defence.
3. Cyclone Sagar formed over Gulf of Aden : A cyclonic storm named Sagar has formed in the Gulf of Aden.Cyclone Sagar
is the first cyclonic storm of the season in Indian waters.Gulf of Aden is
located in the Arabian Sea and is surrounded by Yemen, Djibouti and
Somalia.Fishermen have been advised to not venture into Gulf of Aden and
adjoining areas of Arabian Sea.
4. World Hypertension Day observed : World Hypertension Day was observed all over the world yesterday on May
17th, 2018.The objective of observing this day is increasing high blood
pressure awareness in all populations around the world.The World Hypertension
Day was first inaugurated in the year 2005 and has become an annual event ever
since.The theme for this year is ‘Know Your Numbers’.
OTHER UPDATES:
BANKING/FINANCE :
1.RBI
issues guidelines on NSFR : The RBI issued detailed Net Stable Funding Ratio (NSFR) guidelines to
ensure that banks maintain a stable funding profile in relation to the
composition of their assets and off-balance sheet activities.The guidelines on
NSFR are in line with global norms prescribed by the Basel Committee.The NSFR
would be applicable for Indian banks at the solo as well as consolidated level.
BUSINESS/ECONOMY :
1.Cabinet
okays defence spectrum budget hike : The Cabinet Committee on Infrastructure approved
increasing the budget for laying of ‘alternative communication network’ for
defence services.The alternative communications network is being set up in lieu
of airwaves vacated by the Defence Ministry for civilian use.The project is
being implemented by state-run Bharat Sanchar Nigam Limited (BSNL).
2. Coal linkage rationalisation for IPPs : The government has issued the
guidelines to allow power producers to swap coal supply assurances
against lowering tariffs.The one-time process will be available only
to Independent Power Producers (IPPs) having coal linkages through the
allotment route.Coal India, South Eastern Coalfields, and the Central
Electricity Authority will jointly undertake this exercise.
SCIENCE/TECHNOLOGY :
1.Frog
Species found in Karnataka : The latest addition to India’s frog fauna is the
narrow-mouthed frog named Microhyla kodial found in Mangaluru.The species
has been named after the city of Mangaluru which is called kodial in the
Konkani language.The greyish-brown frog is just 2 cm long.
DEFENCE :
1.China’s
first privately developed rocket : China has launched its first privately developed rocket
from a launchpad in northwestern China on 17 May.The launch of the “Chongqing
Liangjiang Star” rocket marks the first launch of a non-state Chinese
rocket.The rocket was launched by OneSpace Technology and it uses energy-saving
technology, such as wireless communications.