14 MAY 2019, CURRENT AFFAIRS

National News

DRDO Successfully Conducts Flight Test of ABHYAS

i. India successfully conducted the flight test of ABHYAS – High-speed Expendable Aerial Target (HEAT) from a test range in Odisha. 

ii. The trial, carried out by the Defence Research and Development Organisation (DRDO) from the Integrated Test Range (ITR) at Chandipur in Balasore, was tracked by various radars and electro-optic systems.

Useful info:

  • DRDO Chairman: G Satheesh Reddy, Estd. in: 1958, Headquarters in: Bengaluru.

Doordarshan Launches Online Souvenir Store In Partnership With Amazon India

i. Doordarshan has launched an online souvenir store for its viewers on Amazon India so that one can easily access it. 

ii. Doordarshan is India’s first broadcaster which has started Souvenir store. A. Surya Prakash Chairman, Prasar Bharati launched DD souvenir store on Amazon India. 

WTO Ministerial Meeting of Developing Countries Concludes In New Delhi

i. The WTO Ministerial Meeting of Developing Countries concluded in New Delhi. The Ministerial Meeting began with a dinner hosted by the Union Minister of Commerce & Industry and Civil Aviation, Suresh Prabhu. 

ii. The Director-General of WTO, Roberto Azevedo, was also present at the occasion.

International News

Cannes Film Festival Begins In France

i. The Cannes Film Festival has begun in France. Information and Broadcasting Secretary Amit Khare is leading the Indian delegation at Cannes and will inaugurate India Pavilion.

ii. The Pavilion will showcase Indian cinema across linguistic, cultural and regional diversity, with the aim of forging international partnerships in distribution, production, filming in India. Indian Delegation will also release a special poster to mark the golden jubilee of International Film Festival of India (IFFI-2019). 

Useful info:

  • For Cannes 2019, Mexican filmmaker Alejandro Gonzalez Inarritu has been named the jury president.
  • It was Founded in 1946 as International Film Festival.

Vice President Venkaiah Naidu 4-Day Visit To Vietnam: Complete Highlights 

i. Vice President Venkaiah Naidu undertook an official visit to Vietnam at the invitation extended by Dang Thi Ngoc Thinh, Vice President of Vietnam. 

ii. He was also invited by the Vietnam Buddhist Sangha and the organizers of the 16th UN Day of Vesak that is being held at the Tam Chuc Pagoda in Hanam Province in Vietnam to deliver the keynote address during the inaugural session.

Useful info:

  • Vietnam Capital: Hanoi, Currency: Vietnamese dong, Vice President:Dang Thi Ngoc Thinh.

Appointments

LIC Mutual Fund Appoints Dinesh Pangtey As CEO

i. LIC Mutual Fund appointed Dinesh Pangtey as the company’s Chief Executive Officer (CEO). Pangtey was Director and CEO at LIC Group’s private equity division LIC HFL AMC.

ii. He joined LIC as a direct recruit officer in 1984. He has also served as Regional Manager Marketing channel in Western Zone spanning the states of Maharashtra, Gujarat and Goa.

Useful info:

  • LIC Mutual Fund was established on 20th April 1989 by LIC of India.

Banking News

RBI Slaps Rs1-crore Fine On Nainital Bank

i. The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs1 crore on Nainital Bank for its failure to fully automate the non-performing asset (NPA) identification process, despite specific directions issued in this regard.

ICICI Bank Joins Hands With Travel Portal Goibibo

i. ICICI Bank announced the launch of a co-branded multi-currency card with online travel booking portal Goibibo. 

ii. The card also includes benefits of up to Rs20,000, including gift vouchers of Rs15,000 from Goibibo. 

In a 1st, NABARD Announces Rs700-cr Venture Capital Fund For Agriculture, Rural Startups

i.The National Bank for Agriculture and Rural Development (NABARD) announced Rs 700-crore venture capital fund for equity investments in agriculture and rural-focused startups.

ii. NABARD has been contributing to other funds till now and this is the first time that the rural development bank has launched a fund of its own. 
iii. The fund has been launched by Nabventures, a subsidiary of NABARD, and has a proposed corpus of Rs 500 crore with an option to retain over-subscription of Rs 200 crore, called as the greenshoe option.

Useful info:

  • NABARD Chairman- Harsh Kumar Bhanwala, Headquarters- Mumbai, Established on- 12 July 1982.
  • NABARD is now 100% owned by the government.

Awards

CEAT Cricket Rating Awards 2019 Announced: Complete List of Winners

i. CEAT Cricket Rating (CCR) Awards 2019 were announced in Mumbai. 

ii. India captain Virat Kohli bagged the International Cricketer and Batsman of the Year award during the CCR International awards. Pacer Jasprit Bumrah was adjudged as International Bowler of the Year.

Sports News

Asia-Pacific Diamond Cup 2019: Japan’s Yosuke Asaji Wins Title

i. India’s Rahil Gangjee finished tied 39th while Viraj Madappa ended tied 53rd at the Asia-Pacific Diamond Cup held in Japan. Japan’s Yosuke Asaji won the Asia-Pacific Diamond Cup 2019 at the Sobu Country Club.

India’s GS Lakshmi Becomes 1st Ever Female ICC Match Referee

i. India’s GS Lakshmi has become the first ever woman to be appointed to the ICC International Panel of Match Referees and will be eligible to referee international games with immediate effect.

ii. The 50-year-old first officiated as a match referee in domestic women’s cricket in 2008/09. Lakshmi has overseen three women’s ODI matches and three women’s T20I matches. 

Useful info:

  • The first woman on the ICC Development Panel of Umpires was Kathy Cross, who retired in 2018.

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