Daily Current Affairs - 28th May 2019

'Chacha Cricket' among 5 to get Global Sports Fan Award

  • Pakistan's 'Chacha Cricket' aka Abdul Jalil along with Bangladesh's fan 'Tiger' aka Shoyab Ali and Sri Lanka's Gayan Senanayaka are three other global recipients of the first ever Global Sports Fan Awards 2019 at one of a kind award ceremony to be held in Manchester on June 14.
  • Two Indian super fans Sudhir Kumar Gautam and Sugumar Kumar will also be receiving the award.
  • The Global Sports Fan Awards has been crafted by India's sports fan community to acknowledge, honour and award the biggest fans.
  • The inaugural edition of the award ceremony will host five greatest fans with two emerging categories in the UK on the sidelines of World Cup 2019.

Austrian Chancellor Sebastian Kurz ousted in no-confidence vote

  • Austrian Parliament has removed Chancellor Sebastian Kurz from office as he lost the no confidence in a special Parliamentary session. His previous coalition ally, the far-right Freedom Party (FPO) and the opposition Social Democrats (SPO) backed the no-confidence motions.
  • Austria's President Alexander Van der Bellen named Vice Chancellor Hartwig Loger as the interim leader. Löger will serve until a new transitional government can be appointed ahead of elections expected in September.
  • Kurz, head of the conservative Austrian People's Party, is the first Chancellor in post-war Austrian history to lose a confidence vote. He was the world's youngest state leader when elected in 2017, at 31.

BHEL net profit jumps 50.7% to Rs 1,215 crore in FY19

  • Public sector giant Bharat Heavy Electricals Limited (BHEL) has posted a quantum jump in profits and has recommended a final dividend of 60% during the financial year 2018 - 19.
  • During the year, the company achieved a profit before tax (PBT) of Rs. 2,058 crore, compared to a PBT of Rs. 1,585 Crore during the year before, registering a surge of 29.8%.
  • Net profit for the year stands at Rs. 1,215 crores, against Rs.807 crores in the previous fiscal, resulting in a 50.7% jump.
  • BHEL
  • Chairman & Managing Director: Atul Sobti.

Draft export policy unveiled

  • The Union Commerce Ministry has come out with a comprehensive draft of the export policy which includes product- specific rules with a view to provide a ready reckoner for exporters.
  • Based on inputs received from various partner government agencies, it is proposed to bring out a comprehensive exports policy for all ITC (HS) tariff codes (including items which are 'free' for export and do not currently exist in the policy), covering conditions/restrictions imposed by partner government agencies on export.
  • ITC-HS Codes are Indian Trade Clarification based on Harmonized System of Coding. It was adopted by India for import-export operations. Every product has been accorded eight digit HS codes.
  • The draft policy aims at consolidating the export norms for each product as applicable at different government agencies.

DRDO successfully test fires Akash-1S surface to air defence missile system

  • Defence Research and Development Organisation (DRDO) successfully test fired the Akash-1S surface to air defence missile system.
  • Akash-1S is a new version of the missile which is fitted with an indigenous seeker. It is capable of striking down enemy fighter jets and drones very effectively.

FIDE to restore Elo ratings of banned Indian players

  • The world chess body, FIDE, has decided to restore the Elo ratings of dozens of Indian players, whose ratings were banned by the All-India Chess Federation, AICF, nearly a decade ago.
  • The country's national chess body AICF had banned several players for taking part in tournaments conducted by rival chess association and in un-recognised events. The banned players had challenged the AICF move with the Competition Commission of India, which imposed a fine on the chess body for violating provision of the Competition Act, 2002.
  • FIDE President Arkady Dvorkovich

GAIL reports highest-ever net profit

  • State-owned gas utility GAIL India Ltd. reported its highest-ever net profit, record dividend payout and largest-ever capital expenditure of Rs. 54,000 crore as it builds infrastructure to take clean fuel to the unconnected parts of the country to aid transition to a gas-based economy.
  • Its net profit rose 10% in the fourth quarter to Rs. 1,122 crore and by 30% to record Rs. 6,026 crore in the financial year ended March 31.
  • GAIL
  • Chairmen and MD B. C. Tripathi

Govt sets up tribunal for adjudicating ban on LTTE

  • The Union government has constituted the Unlawful Activities (Prevention) Tribunal to adjudicate whether or not there is sufficient cause for declaring the Liberation Tigers of Tamil Eelam (LTTE) as an unlawful association. The Tribunal is comprised of sitting Judge of Delhi High Court Justice Sangita Dhingra Sehgal.
  • Earlier, the Home Ministry had issued a notification extending ban on LTTE in India for a further period of five years.

IAF chief leads 'missing man' formation in MiG-21

  • Chief of the Air Staff, Air Chief Marshal BS Dhanoa has led a four aircraft, MiG-21 'Missing Man' formation flypast, at Air Force Station Bhisiana in Bhatinda, Punjab to honour the valour and supreme sacrifice of men killed in action during Operation Safed Sagar at Kargil.
  • The 'Missing Man' formation is an aerial salute accorded to honour the fallen comrades-in-arms. This is an Arrow Formation, with a gap between two aircraft in the formation depicting the Missing Man.

India among countries where women face most violence by partner

  • Global estimates published by the World Health Organization (WHO) indicate that about 1 in 3 (35%) women worldwide have experienced either physical and/or sexual intimate partner violence or non-partner sexual violence in their lifetime.
  • Worldwide as many as 38% of murders of women are committed by a male intimate partner. Particularly in India, the intimate partner violence is the highest at 37.7% in the WHO South-East Asia region.
  • This kind of violence ranges from 23.2% in high-income countries and 24.6% in the WHO Western Pacific region to 37% in the WHO Eastern Mediterranean region.

India elected to Executive Board of first UN-Habitat Assembly

  • India has been elected to the Executive Board of the first UN-Habitat Assembly at the Plenary Session of the Assembly which started in Nairobi, Kenya. The first session of the UN-Habitat Assembly started on May 27 at the headquarters of UN-Habitat in Nairobi and will go on till May 31.
  • The special theme for the UN-Habitat Assembly is "Innovation for Better Quality of Life in Cities and Communities".

India mobile internet speeds remain sluggish, rank falls to 121: Ookla Speedtest

  • India’s rankings in Ookla’s Speedtest Global index dipped in the month of April 2019, bringing the country’s ranking to down to 121 from 120 in the previous month. India has seen a steady slide in rankings for mobile internet speeds over the past few months.
  • Ookla is known for the Speedtest app and website and has Speedtest Global index for nearly 138 countries, ranking them on the basis of mobile internet speeds.

Indigo Q4 net surges 400%

  • Market leader IndiGo reported a 400% increase in its profit to Rs. 589 crore for the quarter ended March 31, making it the most profitable period of financial year 2019 for the airline partly due to the suspension of flight operations by Jet Airways.
  • However, IndiGo’s full-year profit was down by 93%, allowing the airline to break even by a whisker.
  • IndiGo
  • CEO Ronojoy Dutta

ISSF World Cup: Saurabh Chaudhary wins 10m Air Pistol gold; beats own World record

  • India's Saurabh Chaudhary has won 10m Air Pistol Gold in ISSF shooting World Cup, in Munich Germany, beating his own World Record. He scored 246.3 bettering his previous best of 245 points that was set in New Delhi World Cup Shooting in February this year.
  • Chaudhury has already secured a berth for the Tokyo Olympics.

Madhya Pradesh’s Orchha makes it to tentative list of UNESCO World Heritage Sites

  • The architectural heritage of Orchha town in Madhya Pradesh which depict peculiar style of the Bundela dynasty have been included in UNESCO’s tentative list of world heritage sites following a proposal sent by the Archaeological Survey of India (ASI) to the U.N. body.
  • According to the rules, to be a part of UNESCO’s World Heritage sites, the heritage or any historical site first has to be on the tentative list. After it makes to the tentative list, another proposal is sent to the UNESCO.
  • Orchha is situated on the banks of the Betwa river. Orchha was built by king Rudra Pratap Singh of Bundela dynasty in the 16th century. This ancient town is famous for its Chaturbhuj Temple, Orchha fort complex, Raja Mahal among others.
  • The Bundela architecture has Mughal influence since the two dynasties were very close.

P.S. Golay sworn in as Chief Minister of Sikkim

  • Sikkim Krantikari Morcha (SKM) president Prem Singh Tamang, popularly known as P S Golay, has took oath as the chief minister of Sikkim. The SKM, founded in 2013, won a slender majority in the 32-member Sikkim Legislative Assembly by bagging 17 seats against 15 won by the SDF.
  • Governor of Sikkim: Ganga Prasad

Rahi Sarnobat books Olympic berth for India at ISSF WC

  • Rahi Sarnobat has booked an Olympic quota place for India winning gold in women's 25m pistol event. Rahi clinched her career's second World Cup Gold, which helped India win its sixth quota place in shooting for 2020 Tokyo Olympics.
  • India now top the Munich World Cup medals tally with three gold. China are second with one gold, one silver and three bronze.

Rajiv Gauba may be next Cabinet Secretary

  • Union Home Secretary Rajiv Gauba may be appointed as the next Cabinet Secretary, replacing P.K.Sinha, whose four year tenure comes to an end on June 12. Mr. Gauba, one of the senior most bureaucrats, is supposed to complete his two-year tenure as Home Secretary on August 31.

Release list of large loan defaulters, CIC tells RBI

  • In the wake of the Supreme Court of India ruling, the Central Information Commission (CIC) has again directed the RBI to disclose the list of large loan defaulters to activist Nutan Thakur. However, the Central Information Commissioner Suresh Chandra said the RBI need not provide copies of files related to the list.

SEBI tightens disclosure norms for listed debt securities

  • To further safeguard the interest of investors in listed debt securities, the Securities and Exchange Board of India (SEBI) has tightened the disclosure norms for entities that have issued such securities.
  • SEBI made it mandatory for such companies to disclose on their websites the schedule of interest and redemption obligations for the complete financial year.
  • For privately-placed debt securities, SEBI has made it mandatory for the inclusion of a clause stating that at least 2% per annum interest would be paid over the coupon rate in case of a default in meeting the payment obligations. The additional interest would be payable by the company for the tenure of the defaulting period.
  • Further, the status of payments has to be updated within one day of the due date, which effectively means that any default or delay will be disclosed within a day of the due date.

Sri Lanka: Emergency could be lifted after end of its one month extension says Prez

  • Sri Lankan President Maithripala Sirisena has said that security situation in Sri Lanka was 99 per cent ensured and that the emergency could be lifted after the end of its one month extension.
  • The President said the state of emergency was extended due to the search operations conducted by the military and hoped that it would not be required to be extended further.
  • President also urged the foreign envoys to continue to provide economic assistance and lift the travel advisories issued to tourists. Tourism has been hit in Sri Lanka after Easter attacks which killed 258 people including 45 foreigners.

US Prez presses upon Japanese PM to even out trade imbalance

  • U.S. President Donald Trump pressed upon Japanese Prime Minister Shinzo Abe to even out a trade imbalance with the United States. Speaking at a press conference with Abe after their summit, Trump said that his goal is to remove trade barriers to put U.S. exports on a fair footing in Japan.