Daily Current Affairs - 09th May 2019

170 JeM terrorists killed in Balakot airstrike, reports Italian Journalist

  • An Italian journalist by the name Francesca Marino has reported that up to 170 Jaish-e-Mohammed terrorists were killed at Balakot in Pakistan in the airstrike conducted by the Indian Air Force on February 26, days after the Pulwama terror attack.
  • The journalist accused Pakistan of lying as the country has maintained that the Indian Air Force airstrike did not lead to any damage or casualties.

Archery World Cup Stage II: Ankita Bhakat, Preeti, Vakilraj Dindor & Gurwinder Singh advance to 3rd round

  • India's Ankita Bhakat, Preeti, Vakilraj Dindor and Gurwinder Singh advanced to the third round in their events at the Archery World Cup Stage II in Shanghai.
  • Ankita defeated Elena Osipova of Russia to set up a third round clash against 10th seed Xiaoqing Long of China in the women's recurve individual event.
  • Vakilraj ousted higher ranked Denis Gankin of Kazakhstan to advance to the third round where he will take on Matthew Requa of USA.

Bajaj Auto ED Rakesh Sharma elected as IMMA Vice-President

  • Bajaj Auto Executive Director Rakesh Sharma has been elected as Vice-President of Geneva-based International Motorcycle Manufacturers Association (IMMA). Sharma, a representative of the Society of Indian Automobile Manufacturers (SIAM), was elected on May 8 during the annual general meeting of (IMMA) at Yogyakarta, Indonesia.
  • Geneva-based IMMA has membership from various manufacturers associations from across the world.

Donald Trump Awards Presidential Medal Of Freedom To Golfer Tiger Woods

  • US President Donald Trump has awarded golfer Tiger Woods the country's highest civilian honour. Woods was presented the Presidential Medal of Freedom at the White House, as he became the fourth and youngest golfer to receive the prestigious award.
  • Trump announced last month that he would honour the star golfer with the medal, a day after Woods won a fifth Masters title, ending an 11-year major title drought having overcome personal and professional setbacks, including a highly-public divorce and multiple surgeries.

Farm loan waivers, income support schemes increasing risks to fiscal consolidation of the states: RBI

  • The Reserve Bank of India has warned of the rising risks to fiscal consolidation of the states as their finances are saddled with farm loan waivers, income support schemes and the UDAY bonds for their power distribution companies. It listed out the specific factors that will drive fiscal slippages in the revised estimates of FY19, including the UDAY scheme in the past and farm loan waivers and income support schemes.

Hockey: India defeat WA Thundersticks 2-0 in 1st match of Australia tour

  • The Indian men’s team defeated WA Thundersticks 2-0 to start their Australia tour on a positive note in Perth. Goals from Birendra Lakra in the 23rd minute and Harmanpreet Singh in the 50th minute secured the win for the visitors. India will play their next match against Australia ‘A' tomorrow.

India and China to discuss trade-related issues in New Delhi today

  • Senior officials of India and China will meet in New Delhi today to discuss trade-related issues, particularly matters concerning the agriculture sector. This meeting assumes significance as India is seeking greater market access for its manufactured and agricultural products in the Chinese market to bridge the widening trade deficit.
  • Recently, India has identified and shared with China a list of 380 products, including horticulture, textiles, chemicals and pharmaceuticals products, as their shipments hold huge export potential.

Indian Student Trio Emerges First Runner-up in Microsoft's Imagine Cup World Championship

  • An Indian student trio has emerged the first runner-up in Microsoft's prestigious Imagine Cup World Championship final held in Seattle for their innovative smart automated anti-pollution and drug delivery mask.
  • Aakash Bhadana and his friends Vasu Kaushik and Bharat Sundal developed "Caeli", the world's first smart automated anti-pollution and drug delivery mask specifically designed for asthmatic and chronic respiratory patients.
  • The championship was won by the Team EasyGlucose from the United States which won USD 100,000 and a mentoring session with Microsoft CEO Satya Nadella.

International Thalassaemia Day, celebrated on May 8 every year

  • The International Thalassaemia Day, celebrated on May 8 every year is a commemoration day in honour of all patients with thalassaemia and their wards who never gave up despite all odds. This day is a further nod to the researchers who are striving to create an improved quality of life for people with thalassaemia across the world.
  • The theme for International Thalassaemia Day 2019 (ITD2019) is 'Universal access to quality thalassaemia healthcare services: Building bridges with and for patients.'

IPL: Delhi beat Hyderabad by 2 wkts in eliminator match

  • Delhi Capitals beat Sunrisers Hyderabad by two wickets in the eliminator match at Visakhapatnam to enter the second Qualifier of the Indian Premier League. Chasing a target of 163 , Delhi Capitals chased the target off the penultimate ball of the innings with a boundary off Khaleel Ahmed. For Delhi Rishabh Pant smashed 49 off 21 balls with five sixes.
  • Delhi Capital now face Chennai Super Kings in the second Qualifier in their bid to make it to the maiden IPL final against Mumbai Indians.

L&T buys Mindtree shares worth Rs.368 crore

  • Infrastructure major Larsen & Toubro has bought shares of Mindtree worth about ?368 crore through open market transactions. L&T bought over 37.53 lakh shares, or 2.28% stake, worth Rs.367.8 crore, with the average price being Rs.979.96 per scrip.
  • Mindtree is in the midst of a takeover battle, with Larsen & Toubro (L&T) seeking to take control of the mid-sized IT firm. However, Mindtree's promoters are opposed to the proposed deal.

Shooting: Esha-Akull pair wins silver

  • India’s Esha Singh and Akull Kumar topped qualification but were beaten by 5.4 points for the gold in junior mixed air pistol event by the German pair of Jan Luca Karstedt and Vanessa Seeger in the International Shooting Competition.
  • It was the second mixed medal for Esha, after the one she won recently with Anmol Jain in Plzen, Czech Republic.

Standard Life sells 1.78% in HDFC Life Insurance

  • Standard Life has successfully divested 1.78 per cent of its stake in HDFC Life Insurance to raise Rs 1,400 crore. This divestment was done through offer for sale (OFS) route and the issue managed to sail through successfully with both qualified institutional investors (QIBs) and retail investor quotas seeing full subscriptions.
  • Mortgage lender HDFC, which is also a part of the promoter group, currently holds 51.48 per cent in the company.

Tata Communications losses widen to Rs.199 crore in Q4 FY19

  • Digital infrastructure provider Tata Communication said its losses widened to ?198.8 crore for the fourth quarter ended March 31, from Rs.120.9 crore in the year-ago period. PAT (profit after tax) loss for the quarter was at Rs.198.8 crore.
  • Income from operations, on a consolidated basis, stood at Rs.4,243.5 crore for the just-ended quarter, up five per cent over the corresponding period previous year.

Trump imposes sanctions on Iran's iron, steel, aluminium and copper sectors

  • US President Donald Trump has imposed sanctions on Iran's iron, steel, aluminium and copper sectors. This move is aimed at stopping Iran from acquiring a nuclear weapon and intercontinental ballistic missiles. The US administration has stated that it will aggressively enforce its sanctions, and those who continue to engage in a sanctionable activity involving Iran will face severe consequences.
  • The U.S. further threatened to impose more sanctions on Iran very soon and warned Europe against doing business with Tehran via a system of non-dollar trade to circumvent U.S. sanctions.

U.K. court denies bail to Nirav Modi for third time

  • Fugitive diamond merchant Nirav Modi was denied bail by a UK court for the third time in his extradition case to India to face charges in the Punjab National Bank fraud & money laundering case amounting to up to USD 2 billion and will continue to be lodged in a London jail described by his lawyers as "unliveable".

UN Re-Elects India's Jagjit Pavadia To International Narcotics Board

  • Jagjit Pavadia has been re-elected with the highest number of votes by the UN Economic and Social Council to a five-year term on International Narcotics Control Board (INCB), while China's candidate has lost the election.
  • Ms Pavadia polled 44 votes in the first round of voting in the 54-member Council facing a field of 15 candidates for the five seats up for election this year ensuring her continuance on the board.
  • Pavadia, a member of the Indian Revenue Service served as former Narcotics Commissioner of India.
  • International Narcotics Control Board (INCB)The Vienna-headquartered INCB has quasi-judicial powers to monitor the implementation of the UN's international drug control conventions.