Current Affairs May 04, 2019

In this post, GKToday presents Current Affairs of May 04, 2019 in Short Notes form for preparation of IBPS, Banking, CLAT, SSC, Railway, UPSC, IAS/PCS, UPPSC, BPSC, MPPSC, RPSC, TNPSC, MPSC, KPSC and all other competitive examinations of India.

1. Ace India goalkeeper P.R. Sreejesh has been nominated for the prestigious Rajiv Gandhi Khel Ratna Award by Hockey India. While, Midfielder Chinglensana Singh Kangujam and forward Akashdeep Singh and women's team defender Deepika have been nominated for the Arjuna Award. Hockey India has also nominated R.P. Singh and Sandeep Kaur for Dhyan Chand Award for Lifetime Achievement, while coaches Baljeet Singh, B.S. Chauhan and Romesh Pathania have been proposed for Dronacharya Award.

2. The first part of the Indo-French joint naval exercise - Varuna 19.1 – has started off the Goa coast from 1 to 10 May 2019. The exercise will see the participation of the French Navy's aircraft carrier FNS Charles de Gaulle, two destroyers, FNS Forbin and FNS Provence, the frigate FNS Latouche-Treville, the tanker FNS Marne and a nuclear submarine. From the Indian side, the aircraft carrier INS Vikramaditya, destroyer INS Mumbai, the Teg-class frigate, INS Tarkash, the Shishumar- class submarine, INS Shankul, and the Deepak- class fleet tanker, INS Deepak, are taking part in the exercise. The exercise is being conducted in two phases. The harbour phase at Goa would include cross-visits, professional interactions and discussions and sports events. The sea phase would comprise various exercises across the spectrum of maritime operations. The second part of the exercise - Varuna 19.2 - is scheduled to be held in May end in Djibouti.

3. The Pakistan Air Force (PAF) has decided to observe its retaliatory action on February 27 against the Indian air strikes on the Balakot terror camp as 'Operation Swift Retort'. The tensions between India and Pakistan had escalated after the 14th February 2019 attack by a Pakistan-based Jaish-e-Mohammed (JeM) suicide bomber in Pulwama that killed 40 CRPF soldiers. 13 days later, the Indian Air Force (IAF) carried out a counter-terror operation, hitting what it said was a JeM training camp in Balakot, deep inside Pakistan on February 26. The next day, the PAF retaliated and downed a MiG-21 in aerial combat and captured IAF Wing Commander Abhinandan Varthaman, who was later released and handed over to the Indian side on March 1.

4. The former Sri Lanka batsman Kumar Sangakkara has become the first non-British President of Marylebone Cricket Club (MCC). He will begin his one-year tenure in October 2019 and will succeed Anthony Wreford. His tenure will include two England test matches against West Indies and Pakistan and the launch of The Hundred competition - the England and Wales Cricket Board’s new 100-ball cricket format. MCC, which owns Lord’s and acts as the guardian of the laws of the game, was founded in 1787 and lists 168 presidents in its history.

5. The Dredging Corporation of India Limited (DCIL) has inked a MoU with Water & Power Consultancy Services (India) Limited (WAPCOS) to jointly identify suitable future projects and carry out geotechnical investigation and engineering consultancy.The two firms will work together to explore projects in water resources, power and infrastructure, port and harbour dredging, shallow water dredging, beach nourishment, lake rehabilitation, flood management, erosion control, river morphology and other related sectors. WAPCOS is a mini ratna PSU under the Ministry of Water Resources, River Development and Ganga Rejuvenation. The headquarters of WAPCOS is located at New Delhi.

6. In Rajasthan, the 8th Asian Youth Women Handball Championship is scheduled to be held in Jaipur, in which 10 teams, including defending champions South Korea, will be participating. It is the first time that the prestigious tournament would be played in the Pink city from August 21 to 30. Earlier, Delhi had hosted it in 2015 where the hosts India had finished seventh. The tournament has been dominated by South Korea who has emerged champion in the all the 7 editions of the tournament held so far. The previous edition in 2017 was held at Jakarta in Indonesia where South Korea was the champion while Japan and China were placed second and third respectively.

7. For the second year in a row, Iraq has become India’s top crude oil supplier in 2018-19 fiscal year and meet more than a fifth of the country’s oil needs. According to official data sourced from the Directorate General of Commercial Intelligence and Statistics, Iraq sold 46.61 million tonnes (mt) of crude oil to India during April 2018 and March 2019, which is 2% more than 45.74 mt it had supplied in 2017-18 fiscal. Saudi Arabia also maintained its position as the 2nd-largest crude supplier to India during the year followed by Iran and United Arab Emirates (UAE) which toppled Venezuela to become India's fourth largest crude supplier. Despite US sanctions on Iran, the country’s crude oil supply to India increased 6.24% to 24 MT in 2018-19. India managed to import a sizeable amount of Iranian crude last year primarily due to waivers and winding down period provided by US.

8. In Meghalaya, the Geological Survey of India (GSI) North Eastern Region (NER) has recently installed two geological display boards at two important geological sites in the State with geo-scientific information which will help in creating awareness among visiting tourists, students and the general public. The boards are unvieled at two important geological sites in the State namely Mawmluh cave and Therriaghat, Sobhar in East Khasi Hill District. The stalagmite in the Mawmluh cave has been tagged a Global Stratotype Section and Point (GSSP). It makes it first formally ratified marker of a geological time period in India. The Um-Sohryngkew (Wahrew) river section at Therriaghat is known for having the most complete records of Cretaceous-Palaeogene (K-Pg) boundary transition in India. There is also a high level of iridium metal from the boundary which marks catastrophic event when a giant meteorite hit earth. The Meghalayan Age period began about 4200 years ago experienced an abrupt mega-drought and cooling around the world.

9. On 30th April 2019, Market regulator Securities and Exchange Board of India (SEBI) barred the National Stock Exchange from raising money on the securities market directly or indirectly for six months on the collocation case. This means the NSE will not able to access the capital market in terms of IPO during this period. The regulator has also asked the exchange to disgorge around Rs 1,000 crore (i.e. Rs 624.89 crore plus 12% interest) from April 1, 2014 to the SEBI’s Investor Protection and Education Fund (IPEF). As per 104-page SEBI order, NSE has committed a fraudulent and unfair trade practice as contemplated under the SEBI (PFUTP) Regulations and has not exercised the requisite due diligence while putting in place the TBT architecture. Here, PFUTP refers to Prohibition of Fraudulent and Unfair Trade Practices rules. Tick-by-Tick (TBT) is a data feed that which provides information regarding every change in the order book on the NSE. The Co-location refers to the system wherein a broker’s server is kept in the exchange premises to reduce latency (or delay in computing terms) while executing trades.

10. The International Jazz Day (IZD) is celebrated around the world on April 30 every year to raise awareness in the international community of the virtues of jazz as an educational tool, and a force for peace, unity, dialogue and enhanced cooperation among people. In 2011, the United Nations Educational, Scientific and Cultural Organization (UNESCO) officially designated April 29 as International Jazz Day in order to highlight jazz and its diplomatic role of uniting people in all corners of the globe. The 2019 edition was launched in Melbourne, Australia and celebrated in more than 190 countries around the world.

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