Daily Current Affairs - 26th May 2019

Bong Joon Ho's 'Parasite' strikes gold at Cannes this year

  • South Korean director Bong Joon Ho's "Parasite" bagged the Palme d'Or at the 72nd Cannes Film Festival in France.
  • Bong Joon Ho received the festival's coveted top prize from French cinema icon Catherine Deneuve at a closing ceremony.
  • Belgium's Dardenne brothers won the best director award for their story of a radicalised Muslim youth "Young Ahmed".
  • British actress Emily Beecham won the best actress award for psychological chiller "Little Joe".
  • Antonio Banderas named the best actor for his role of a filmmaker in Pedro Almodovar's self-reflexive "Pain and Glory".

Corporation Bank launches ‘Corp SME Suvidha’ for MSMEs

  • Corporation Bank has launched ‘Corp SME Suvidha’, a product for GST-registered MSMEs. The product has been designed as part of the bank’s efforts to provide the best products to the MSME sector.
  • PV Bharathi, Managing Director and Chief Executive Officer of the Corporation bank,launched the product in Mangaluru.

Cyril Ramaphosa sworn in as South Africa's president

  • Cyril Ramaphosa was sworn in for a five-year term as South Africa’s President. Head of the African National Congress Ramaphosa was officially elected as President by Parliament during its first sitting following the sixth general elections.
  • Former president Jacob Zuma resigned in February last year amid allegations of corruption.
  • The South Africa Constitution requires voters to choose a party, which then selects members to go to the National Assembly, where they choose the President.

India bans Jamaat-ul-Mujahideen Bangladesh terror outfit

  • The Jamaat-ul-Mujahideen Bangladesh also called as Jamaat-ul-Mujahideen India or Jamaat-ul-Mujahideen Hindustan has been declared as a banned terrorist organization by the government of India.
  • The home ministry stated the outfit has committed acts of terrorism, promoted acts of terrorism and has been engaged in radicalization and recruitment of youths for terrorist activities in India. Therefore, the Jamaat-ul-Mujahideen Bangladesh or Jamaat-ul-Mujahideen India or Jamaat-ul-Mujahideen Hindustan and all its manifestations have been inserted in the First Schedule to the Unlawful Activities (Prevention) Act, 1967.

Indian delegation participates in second SCO Mass Media Forum in Kyrgyzstan

  • The Indian delegation is participating in the second Shanghai Cooperation Organisation Mass Media Forum at Bishkek in Kyrgyzstan.
  • A delegation from Information and Broadcasting Ministry are representing India at the Forum. The four-day Forum was inaugurated by President of Kyrgyz Republic, S. Jeenbeko.
  • The Forum aims to strengthen the exchange and cooperation in the field of mass media amongst SCO countries.
  • It offers a unique platform for active work through mass media to create an objective vision of the organization and strengthen its positive image in the global information space.

Indians shooters vie for top honors in ISSF World Cup

  • Indian shooters Apurvi Chandela, Anjum Moudgil and Elavenil Valarivan will be vying for top honours at the year's third International Shooting Sport Federation (ISSF) World Cup Rifle/Pistol in Munich, Germany.
  • India has entered a 35-member squad, 23 of them competing for medals in the 10 events lined up over the next five days.

Ireland votes overwhelmingly to relax strict divorce law

  • Ireland has voted by an overwhelming majority to relax its constitutional restriction on divorce.
  • The step is the latest in a series of reforms to modernize the charter of the once-devoutly Catholic nation. Results showed that some 82 per cent of voters cast their ballots in favour of removing a provision requiring couples to live separately for four out of the previous five years before dissolving their marriage.
  • At present, Irish divorce law is regarded as among the most restrictive in Europe. It is thought to be responsible for the republic having the lowest separation rate of any EU member state, according to 2015 figures from the country's Central Statistics Office.

May 25th: World Thyroid Day 2019

  • Every year May 25 is observed as World Thyroid Day to promote awareness and understanding of thyroid health and the advances made in treating thyroid diseases.
  • World Thyroid Day was established in 2008 as part of a campaign led by the European Thyroid Association and the American Thyroid Association to emphasize the prevalence of thyroid diseases, to focus on the urgent need for education and prevention programs and to increase awareness of new treatment modalities.

MoU Signed Between DBT And DAE On Cancer Research

  • The Department of Biotechnology (DBT) under Ministry of Science and Technology and Department of Atomic Energy (DAE), under Prime Minister of India, has signed an MoU for supporting joint collaborative research programmes in the area of Cancer.
  • The DAE was represented by its Tata Memorial Centre, which also functions as coordinating centre on behalf of The National Cancer Grid of India.

NASA unveils schedule for ‘Artemis’ 2024 Moon mission

  • NASA unveiled the calendar for the “Artemis” program that will return astronauts to the Moon for the first time in half a century, including eight scheduled launches and a mini-station in lunar orbit by 2024. The original lunar missions were named for Apollo – Artemis was his twin sister in Greek mythology, and the goddess of hunting, wilderness, and the Moon.
  • Administrator Jim Bridenstine confirmed that Artemis 1 will be an uncrewed mission around the Moon planned for 2020. Next will come Artemis 2, which will orbit Earth’s satellite with a crew around 2022; followed finally by Artemis 3 that will put astronauts on lunar soil in 2024, including the first woman.

NSA Ajit Doval addresses 17th Investiture Ceremony of BSF in New Delhi

  • National Security Advisor Ajit Doval has stated that technology will play a pivotal role in guarding the borders in days to come as security challenges are increasing day by day. Doval was addressing 17th Investiture Ceremony of Border Security Force, BSF in New Delhi.

Octopus-inspired wearable sensors developed

  • Scientists from Sungkyunkwan University in South Korea have developed flexible wearable sensors that stick to the skin, paving the way for novel health trackers that could monitor a variety of human activities.
  • They said the device could monitor an array of human activities, including electrocardiogram signals, pulse and speech patterns, demonstrating its potential use in medical applications.
  • Researchers worked to develop a low-cost, graphene-based sensor with a yarn-like substrate that uses octopus-like suckers to adhere to skin.
  • Researchers observed that the sensor could detect a wide range of pressures and motions in both wet and dry environments.

RBI Allows Modern Currency Chests to Hike Service Charges

  • The Reserve Bank of India has announced that it will allow large modern currency chests to increase the service charges on cash deposited by non-chest bank branches from the existing rate of Rs5 per packet of 100 pieces to a higher rate subject to a maximum of Rs8 per packet.
  • For this, only a currency chest (CC) that fulfils the minimum standards will be eligible to be classified as a large modern CC. The increased rates can be charged only after such classification by the issue office concerned.

RBI releases draft norms on liquidity risk management for NBFCs

  • RBI stated that all non-deposit-taking non-banking financial companies (NBFCs) with an asset size of Rs 5,000 crore and above, and all deposit-taking NBFCs irrespective of their asset size, have to maintain a liquidity buffer in terms of a Liquidity Coverage Ratio (LCR).
  • In a draft on liquidity risk management framework for NBFCs and core investment companies, these measures will promote resilience of NBFCs to potential liquidity disruptions by ensuring they have sufficient High-Quality Liquid Asset (HQLA) to survive an acute liquidity stress scenario lasting for 30 days. The banking regulator proposed that it will implement LCR through a glide path from 01st April 2020 to 01st April 2024.

UN lauds gender balance in Indian peacekeeping troops

  • UN Secretary-General Antonio Guterres has expressed gratitude for India's contribution to the United Nations and its peacekeeping missions.
  • He stressed on the inspiring role Indian women have played for the world body to help maintain international peace and security.
  • He said, India has the largest percentage of women in the police force, at around 32 per cent, which is remarkable and is an extraordinary contribution to the future of peacekeeping.