Daily GK Update 12th May 2017, Important Current Affairs

1. PM Modi visits Sri Lanka 
i. Prime Minister Narendra Modi was on the two-day visit to Sri Lanka which is a sign of “strong relationship” between the two countries and brings to the fore the shared heritage of Buddhism.
ii. During his two-day visit, he will participate in the International Vesak Day celebrations, the biggest festival of Buddhists, inaugurate a hospital built with Indian assistance and address the Indian-origin Tamil community, besides attending some other programs.

2. Union Agriculture and Farmers Welfare Minister launch e-Krishi Samvad 
i. Shri Radha Mohan Singh, Union Minister for Agriculture and Farmers Welfare launched e-Krishi Samvad an online interface at Krishi Bhawan in New Delhi.
ii. It is an internet-based interface and is a unique platform that will provide direct and effective solutions to the problems faced by farmers and stakeholders in the agriculture sector.

3. Nitin Gadkari launches NHAI's Masala Bond in UK
i. Union Minister of Road Transport and Highways Nitin Gadkari launched the National Highways Authority of India (NHAI) Masala Bond at the London Stock Exchange, UK. 
ii. The initially benchmarked issue of Rs. 1,500 crore was upsized to Rs. 3,000 crore at a price yielding 7.30 percent annually in view of the highly positive response from the investor market.
iii. The transaction marks the largest ever in the five-year issuance and the largest inaugural transaction in Masala Bond market. 

4.  India to replace Maitri station in Antarctica, expand research activity
i. India has decided to replace the Maitri research station in Antarctica with a new one in the next three to four years. 
ii. The country is also drafting laws to safeguard its interest in Antarctica and is poised to expand its research activity in the coldest continent with the special ice-cutting facility will be procured for the purpose.

5. SBI revises service charges; to charge ATM withdrawals at Rs. 25
i. State Bank of India (SBI) has announced another revision in service charges with effect from June 1, 2017. All cash withdrawals through ATM will now be charged at Rs. 25 per transaction. Only RuPay classic card will be issued for free.
ii. State Bank of India has clarified that the proposed hike in ATM withdrawal charges will be applicable only to customers of its mobile wallet State Bank Buddy.
Few major changes done by SBI are as follows-
1. 
Limit of four ATM withdrawals in a month only applies to the Basic Savings Banks deposit account.
2. All Normal Saving Bank accounts will continue to get eight free ATM transactions (5 SBI ATMs + 3 other bank ATMs) in Metros & 10 free transactions in Non-Metro (SBI ATM + 5 Other Bank ATMs) free apart from the bank transaction.
3. Anyone making upto Rs 1 lakh transfer on IMPS will be charged with Rs 5 per transaction plus service tax.
4. Between Rs 1 lakh – Rs 2 lakh and Rs 2 lakh – Rs 5 lakh, service charges are at Rs 15 and Rs 25 each plus service tax.
5. On Basic Savings Bank Deposit (BSBD) account, no charged will be levied for four withdrawals, more than that Rs 50 plus service tax will be charged at any SBI branch, while at any other bank Rs 20 plus tax.

6. LIC Housing Finance launches new home loan product

i. LIC Housing Finance launched a new product `Griha Siddhi' which will offer loans for construction, purchase of the house or flat and repairs or renovation to the existing properties.
ii. Under the new product, borrowers will be offered the interest rate of 8.40% up to Rs 25 lakh and for loans up to Rs 1 crore the interest rate will be 8.50% per annum. For women borrowers, the mortgage lender is offering a special interest rate of 8.35% for loans up to Rs 25 lakh.

 7. Justice Mukul Mudgal elected head of FIFA Governance Committee
i. Justice (Retd.) Mukul Mudgal was elected as head of International Federation of Association Football (FIFA’s) governance committee at the world football governing body’s 67th Congress in Bahrain’s capital city of Manama.

8. Bengaluru ranked 20th in world's most affordable tech city Index

i. Bengaluru has been named the world’s most affordable tech city in the new Savills Tech Cities Index 2017. The Indian technology hub is the most affordable out of 22 cities that were graded on different parameters.
ii. Overall, Bengaluru ranks 20th among tech cities in the world while Austin topped the list, followed by San Francisco and New York. But when it comes to the cost of living index, Bengaluru tops the charts with a weekly residential rent for tech employees and household.

9. Chanda Kochhar receives Woodrow Wilson Award 
i. ICICI Bank chief Chanda Kochhar has become the first Indian woman to be conferred with the prestigious Woodrow Wilson Award for Global Corporate Citizenship.
ii. She received the annual award which was instituted in 1998 by the prestigious Wilson Center to felicitate individuals whose actions and accomplishments either in their careers or through service.

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Daily GK Update 11th May 2017, Important Current Affairs
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Daily GK Update 11th May 2017, Important Current Affairs

1. India celebrates National Technology Day: 11th May
i. On 11th May 1998 India achieved a major technological breakthrough by successfully carrying out nuclear tests at Pokhran, Rajasthan
 ii. Technology Development Board, Ministry of Science and Technology is celebrating 19th National Technology Day, at Vigyan Bhawan. The theme of the function is “Technology for inclusive and sustainable growth”.

2. PM launches integrated case management system of Supreme Court

i. Prime Minister Narendra Modi launched the integrated case management system of the Supreme Court in the presence of the Chief Justice of India Jagdish Singh Khehar.
ii. The system will help litigants access data and retrieve information online and will be a step towards a paperless Supreme Court. 
iii. It will help usher transparency, reduce manipulation and help the litigant know about the progress of the case on a real-time basis.

3. Government sets up a high-level task force to compute timely data on employment
i. The government of India has set up a high-level task force to compute timely data on employment in the country, a move that will go a long way to help government frame policies and take steps that can create jobs in the country. 
ii. The task force has been created under the chairmanship of NITI Aayog's vice chairman Arvind Panagariya. The other members of the task force are labor secretary Sathiyavathy, secretary statistics T.C.A. Ananth, Pulak Ghosh of NITI Aayog and Manish Sabharwal (member RBI Board).

4. India, Russia agree to work closely in various sectors
i. Russian Deputy Prime Minister Dimitry Rogozin arrived in New Delhi recently on a one-day visit to attend IRIGC-TEC meeting. 
ii. India and Russia agreed to work closely in various sectors, including security, nuclear energy, and disaster management.

5. IFSC at GIFT inks pact with GNLU to start course on IFSC regulations

i. India's first International Financial Services Centre (IFSC) at Gujarat International Finance-Tec City (GIFT)  entered into an agreement with Gujarat National Law University (GNLU) to collaborate on efforts for Skill Development in the field of International Financial Services & Regulations. 
ii. Under the memorandum of understanding (MoU), GNLU will introduce a new course on International Financial Services Centre from its June 2017 Semester. It will also organize a program for Lawyers covering IFSC, International Arbitration and related fields. 

6. Dena Bank classifies Videocon loan as ‘bad’ 
i. Dena Bank has become the first lender to classify Videocon Industries as a bad loan. With the default on payments, Dena Bank has declared Videocon Industries account as non-performing asset (NPA) in the fourth quarter ended March 2017. 
ii. The total exposure of lenders to the electronic goods maker has pegged at approx Rs 40,000 crore.

7. Sebi allows investors to buy mutual funds via digital wallet 
i. Markets regulator Stock Exchange board of India (Sebi) allowed investors to buy mutual fund schemes for up to Rs 50,000 through digital wallets, making it easier for them especially the young generation to purchase these instruments.  
ii. The move is part of the efforts to promote digital payments in the MF industry and channelise household savings into the capital market.

8. 29th edition of CORPAT between India-Indonesia begins in Port Blair

i. The 29th edition of  Co-ordinated Patrol (CORPAT) between India-Indonesia commenced in Port Blair. 
ii. The Indonesian Naval Ship KRI Sutedi Senoputra has arrived at Haddo Wharf, Port Blair to mark the commencement of the IND–INDO CORPAT. The closing ceremony of the CORPAT is scheduled at Belawan, Indonesia from 22 – 25 May 2017.

9. Indian Navy ships; INS Karwar and Kakinada decommissioned
i. Two minesweepers of the Indian Navy INS Karwar and INS Kakinada were decommissioned after being in service for over 30 years. 
ii. The two ships were bid adieu at a ceremony in the Naval Dockyard in Mumbai in the presence of Navy chief Admiral Sunil Lanba. 
iii. INS Karwar was the first of the ‘Natya’ class minesweepers acquired from the erstwhile Soviet Union. The ship was commissioned on July 14, 1986.INS Kakinada was the second of the class and was commissioned on December 23, 1986.

10. India, US officials discuss strengthening maritime security cooperation
i. Top Indian and American officials discussed ways to strengthen maritime security cooperation during the two-day India-US Maritime Security Dialogue in Rhode Island. 
ii. The implementation of the decisions taken at the first Maritime Security Dialogue between the two countries.

11. IRCTC launches cash-on-delivery for train tickets
i. Indian Railway Catering and Tourism Corporation (IRCTC) is now offering home delivery of rail tickets and will allow passengers to make payment through any payment mode, including cash. 
ii. Broad-basing the customer service, the Indian Railway Catering and Tourism Corporation has now introduced pay-on-delivery (PoD) service, allowing passengers to book train tickets online and pay at the time of delivery. 

12. Railways to acquire EoTT system to run trains without guards
i. The Indian Railways will float global tenders worth over ₹100 crore for acquiring  End of Train Telemetry (EoTT) equipment to run 1,000 trains without guards. 
ii. This equipment is used to establish communication between the locomotive driver and the last wagon of the train to ensure that the train is running with all coaches/wagons as a complete unit.  
iii. EoTT system comprises two units — one unit called cab display unit (CDU) fitted on the locomotive and the other is sense and brake unit (SBU) fitted on the last coach or wagon of the train.

13. Sanjay Mitra appointed as Defence Secretary
i. The government has named Road Transport and Highways Secretary Sanjay Mitra as its new defence secretary in a top-level bureaucratic reshuffle.
 ii. Mitra will take over as the secretary after the present incumbent, G Mohan Kumar, completes his tenure on May 24,2017 an order issued by the Department of Personnel and Training (DoPT). 

14. Twitter elevates Taranjeet Singh as Country Director for India
i. Microblogging platform Twitter has elevated Taranjeet Singh as its Country Director for India. Mr. Singh was earlier leading the charge for sales and marketing support for Twitter’s advertisers in India.
ii. Recently, Twitter had launched a lighter version of its platform 'Twitter Lite' for users in India.

15. Konkona bags Best Director and Best Actress awards at New York Indian Film Festival
i. Konkona Sensharma has been named the best director for her directorial debut ‘A Death in the Gunj’ and the best actress for ‘Lipstick Under My Burkha’ at 2017's New York Indian Film Festival (NYIFF). 
ii. Presented by the Indo-American Arts Council, the film festival took place from April 30 to May 7, 2017. 

16. NBA inaugurates academy in India
i. In a promising step for Indian basketball, the national Basketball Association (NBA) inaugurated its first ever academy in Greater Noida.  
ii. This is latest of the several steps that the National Basketball Association (NBA) the governing body of the game in US has taken to promote the game in India over the past few years.

17. Senior NCP leader A T Pawar Passes away
i. Senior NCP leader and former Maharashtra minister Arjun Tulshiram Pawar passed away after prolonged illness. 
ii. The leader, who had for many years represented Kalwan, a constituency reserved for Scheduled Tribes in Nashik district, lost the 2014 state Assembly election.

Also Read:
Daily GK Update 10th May 2017, Important Current Affairs
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Daily GK Update 7th & 8th May 2017, Important Current Affairs
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Daily GK Update 5th May 2017, Important Current Affairs
Daily GK Update 4th May 2017, Important Current Affairs
Daily GK Update 3rd May 2017, Important Current Affairs
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Daily GK Update 10th May 2017, Important Current Affairs

1. World Migratory Bird Day: 10th May
i. The World Migratory Bird Day is observed every year on 10 May
ii. The theme of WMBD 2017 is “Their Future is Our Future – A Healthy Planet for Migratory Birds and People”.

2. Supreme Court becomes paperless, digital court 

i. The Supreme Court has taken its first step towards becoming a paperless, digital court.
ii. Prime Minister Narendra Modi inaugurated the digital filing system at a function in New Delhi where the Integrated Case Management System will be connected with the Supreme Court website.

3. SAMADHAN: Rajnath Singh coins an acronym to wipe out left-wing terror 
i. Presiding over a review meeting of the states affected by Left-Wing Extremism (LWE). Union Home Minister Rajnath Singh announced a new strategy against the Maoists—SAMADHAN
ii. The Minister explained the acronym as S-smart leadership, A-aggressive strategy, M-motivation and training, A-actionable intelligence, D-dashboard-based KPIs (key performance indicators) and KRAs (key result areas), H-harnessing technology, A-action plan for each theatre and N-no access to financing.

4. DIPAM launches online investor facilitation platform
i. The Finance Ministry has set up an Investor Facilitation Platform that will provide information about stocks of public sector units. 
ii. Set up by the Department of Investment and Public Asset Management (DIPAM), the platform will be an interactive forum for all stakeholders, including investors, investment banks, law firms, public sector units and administrative ministries that are involved in stake sales. 

5. Cashkaro.com ties up with YES Bank to launch card-linked offers
i. Banking on the Government's drive to promote a cash-less economy, cashback portal Cashkaro.com has tied up with YES Bank to launch card-linked offers as part of its loyalty programme for both offline and online shoppers. 
ii. The offer will be currently available on all YES BANK debit cards, and will be extended to all other payment products of YES Bank in the near future.

6. Oracle launches cloud computing service for India
i. Technology giant Oracle has launched its cloud computing service for India, which aims to support the government's GST rollout in July and plans to open data centres in the country. 
ii. In an effort to simplify the tax regime in India and to ensure higher compliance with tax laws, Oracle's ERP solution aims to provide support for GST Network integration, statutory reporting, payment processing, among others. 

7. Moon Jae-In began his five-year term as president of South Korea
i. South Korea's liberal leader Moon Jae-In took the oath as president, tasked with navigating the country out of rising tensions over North Korea's nuclear program and the risk of a rift with the United States. 
ii. The National Election Commission said Moon, of the Democratic Party, took 41.1 percent of the votes, far ahead of Conservative Hong Joon-Pyo, his closest rival on 24.03 percent.

8. Apple tops $800 bn market cap for first time
i. Apple Inc became the first US company to top the $800 billion mark in market capitalization slightly more than two years after it crossed the $700 billion thresholds. 
ii. The iPhone maker's shares have gained 33 percent this year and almost 50 per cent since the US election in November 2016 and the company now represents about 4 percent of the $21.7 trillion that makes up the entire S&P 500 index.

9. Jhulan Goswami becomes world's highest wicket-taker in ODIs
i. Jhulan Goswami, India’s fast bowler, is now the leading wicket-taker in Women’s ODIs, going past Australia’s Cathryn Fitzpatrick record of 180 wickets. 
ii. She now has 181 wickets in 153 matches at an average of 21.76 with two five-wicket and 4 four-wicket hauls. She won the ICC Women’s Cricketer of the Year award in 2007.

10. N'Golo Kante named Football Writers' Footballer of the Year
i. N'Golo Kante has been voted Footballer of the Year by the Football Writers' Association. 
ii. Kante is the fifth player in six seasons to complete the awards double having last month been named Player of the Year by the Professional Footballers' Association.

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Daily GK Update 6th May 2017, Important Current Affairs
Daily GK Update 5th May 2017, Important Current Affairs
Daily GK Update 4th May 2017, Important Current Affairs
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Daily GK Update 9th May 2017, Important Current Affairs

1. India unanimously elected as President of UN-Habitat
i. India has been unanimously elected as the President of UN-Habitat, an organ of the United Nations Organisation.  
ii. Minister of Housing and Urban Poverty Alleviation M Venkaiah Naidu is chairing the four-day meeting of the 58-member Governing Council of UN-Habitat at Nairobi in Kenya that began on 8th May 2017. 
iii. The theme of the 26th meeting of the council is 'Opportunities for effective implementation of the New Urban Agenda' 

2. Haryana to start door-to-door survey to collect data of every resident
i. Haryana CM Manohar Lal Khattar has decided to gather a detailed data of every resident and issue a sleek identity for every house in Haryana. 
ii. The objective of this two-month long data generating exercise, to be launched on June 15, 2017 is to get details of land holdings and status of facilities. 
iii. The facilities includes social security pension, scholarship, MGNREGA, loans and LPG connection. During the survey, address of each house,  location, details of owner of the house, bank account numbers, IFSC code and Aadhaar and personal details will be gathered.

3. Techmagnate acquires BlogX, the largest blog conference in India
i. Techmagnate, India’s leading Digital Marketing Agency acquired BlogX, India’s largest blog conference where bloggers and content managers connect. 
ii. In the event, top bloggers from across the country share their experiences and stories of journey towards becoming successful bloggers. The blogger’s meet emphasizes on content, relationship and brand building.

4. Ola ties-up with Airtel to roll out integrated digital offerings to customers
i. India's largest cab aggregator Ola has partnered with Bharti Airtel to launch a range of integrated digital offerings to customers. 
ii. As part of the partnership, Ola will integrate Airtel Payments bank to its app and Airtel will integrate Ola's mobile wallet Ola Money as a payment solution on Airtel website and MyAirtel app for mobile recharges and bill payments. 

5. Oracle signs MoU with Jharkhand for cloud-based citizen services
i. The Government of Jharkhand and Oracle signed a Memorandum of Understanding (MoU) intended to improve cloud-based citizen services and to make Jharkhand an attractive destination for start-ups. 
ii. Oracle will offer its support to the state through its vast portfolio of technology solutions, including Oracle Cloud
iii. As part of the MoU, the Government of Jharkhand and Oracle will jointly explore and identify areas in which Oracle’s latest cloud-based technologies can be used to deliver improved citizen services and to address the state’s citizen and business requirements.

6. DIPP & WIPO to set up Technology and Innovation Support Centers
i. The Department of Industrial Policy and Promotion (DIPP) and World Intellectual Property Organization (WIPO) have signed an agreement to establish Technology and Innovation Support Centers (TISC). 
ii. WIPO’s Technology and Innovation Support Centers (TISC) program provides innovators in developing countries with access to locally based, high-quality technology information and related services, helping them to exploit their innovative potential and to create, protect, and manage their intellectual property (IP) rights.

7. India to grow at 7.7 per cent in 2018-19: IMF
i. India's growth is expected to rebound to 7.2 percent in the 2017-18 fiscal and 7.7 percent in 2018-19 after disruptions caused by demonetization, as per the IMF (International Monetary Fund) report. 
ii. According to the report, growth in Asia is forecast to accelerate to 5.5 percent in 2017 from 5.3 percent in 2016. Growth in China and Japan is revised upward for 2017 compared to the October 2016 World Economic Outlook.

8. Sohail Mahmood to replace Abdul Basit as Pakistan’s envoy to India
i. The government of Pakistan has approved the appointment of Sohail Mahmood as Pakistan’s next high commissioner to India. 
ii. Mahmood is a top diplomat of Pakistan and will replace the incumbent envoy to India Abdul Basit this month.

9. Edelweiss Tokio launches India's first life insurance Product

i. Edelweiss Tokio launched India's first and the simplest life insurance product that can be bought at a point of sale (PoS) has finally been launched. 
ii. Edelweiss Tokio Life Insurance has recently launched PoS Saral Nivesh the first product to be approved by the Insurance Regulatory and Development Authority of India's (IRDAI) guidelines on point of sale-life insurance products. 
iii. PoS Saral Nivesh is a non-linked, non-participating endowment life insurance plan which offers both protection and saving. 

10. Jordan, US launch Eager Lion military exercise
i. Jordan and the United States kicked off Eager Lion, an annual military exercise in Jordan with about 7,400 troops from more than 20 nations taking part. 
ii. Jordan is a key recipient of US financial aid and a partner in the US-led coalition battling Islamic State group jihadists in Syria and Iraq. 

11. Venu Rajamony appointed India’s Ambassador to Netherlands

i. Press Secretary to President Pranab Mukherjee and senior diplomat Venu Rajamony has been appointed India’s Ambassador to the Netherlands. 
ii. Mr. Rajamony will also be India’s Permanent Representative to the Organisation for Prevention of Chemical Weapons based in The Hague and cover the International Court of Justice, the Permanent Court of Arbitration and other international organisations based in the Netherland.

12. Emma Watson bags first ever ‘genderless’ award
i. Hollywood actor Emma Watson picked up the first-ever Genderless Acting Award for the Best Actor category for "Beauty and the Beast" at the MTV Movie and TV Awards. 
ii. The star, who first became known for her role as Hermione in the Harry Potter films, is a feminist campaigner and UN Women Global Goodwill Ambassador. "Beauty and the Beast" also won movie of the year.

13. 'Lion' actor Sunny Pawar named Rising Star at Asian Awards
i. Child actor Sunny Pawar, best known for his performance in the Oscar-nominated film Lion, has been chosen for the Rising Star Award. 
ii. The award will be presented to Sunny at the 7th Annual Asian Awards. He portrayed young Saroo Brierley in the film.

14. Adil Hussain’s Mukti Bhawan wins the Best Film award at the New York Indian Film Festival

i. “Mukti Bhawan”, a movie about a man who accompanies his father on a journey to Varanasi, has won the Best Film at the New York Indian Film Festival (NYIFF). 
ii. NYIFF was held in New York between April 30-May 7, 2017.

15. Logo and mascot of Asian Athletics Championships unveiled in Odisha capital
i. Odisha Chief Minister Naveen Patnaik has unveiled the logo and mascot of the 22nd Asian Athletics Championships scheduled to be held at the Kalinga Stadium in Bhubaneshwar from July 6 to 9, 2017.
ii.  Mr. Patnaik also formally announced Bhubaneswar as the host for the sports event. The mascot, named Olly Turtle, depicts the Olive Ridley turtles.

16. Heena Sidhu wins bronze in Grand Prix of Liberation Plezn 2017 Shooting championship
i. Heena Sindhu claimed a bronze medal in the women's 10m Air Pistol as India ended the Grand Prix of Liberation Plezn 2017 Shooting championships in Czech Republic with seven medals. 
ii. On the final day of the championship, Heena shot 218.8 in the eight-woman final, won by Greek shooter Anna Korakaki claimed gold medal sot 246.3 to finish ahead of Germany's rising star, Michelle Skeries took silver with a score of 237.8.

Also Read:
Daily GK Update 7th & 8th May 2017, Important Current Affairs
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Daily GK Update 5th May 2017, Important Current Affairs
Daily GK Update 4th May 2017, Important Current Affairs
Daily GK Update 3rd May 2017, Important Current Affairs
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Daily GK Update 7th & 8th May 2017, Important Current Affairs

1. World Red Cross Day: 8th May
i. World Red Cross Day is observed on May 8 every year to commemorate the birth anniversary of Henry Dunant, the founder of the Red Cross as well as the founder of International Committee of the Red Cross (ICRC). 
ii. The theme for this year (2017) is “Less Known Red Cross Stories”

2. PM Modi addresses Indian heads of mission meet in New Delhi

i. Prime Minister Narendra Modi addressed an Indian heads of mission meet in New Delhi, which is brainstorming key foreign policy issues and challenges including India’s engagement with major powers as well as strain in ties with Pakistan and China. 
ii. The four-day conference, was formally inaugurated by External Affairs Minister Sushma Swaraj. 

3. Country's 1st bio refinery plant inaugurated in Pune
i. Union Minister for Road Transport and Highway Nitin Gadkari inaugurated the country's first bio-refinery plant which produces ethanol from the variety of biomass. 
ii. The project is situated at Rahu in Pune district. Mr. Gadkari stated that Plant can produce one million litre of ethanol per annum by processing a variety of agro-residue like rice and wheat straw, cotton stalk, cane trash, corn cobs with superior product yields.

4. Odisha to introduce boat ambulances in four districts  
i. Odisha will introduce boat ambulance service in four districts where people face difficulties in getting health service. 
ii. The boat ambulance service will be available in the districts of KoraputMalkangiri, Kendrapara and Kalahandi where people face problems in availing 108 ambulance service due to intervening large water bodies in the form of rivers and dams disrupting road communication, stated by Health and Family Welfare secretary P K Meherda.

5. India organized festival in Egypt to mark Tagore’s birth anniversary

i. India has organized a cultural festival in Egypt to mark the 156th birth anniversary of the famous Indian poet, Rabindranath Tagore
ii. The Tagore festival is being organized by the Maulana Azad Centre for Indian Culture, the cultural wing of the Indian Embassy in Cairo which is conclude on May 12 with ‘Rituranga -Play of Seasons’ and will be performed by members of the Indian community at the Hanager Theatre. 
iii. Rabindranath Tagore received the Nobel Prize for Literature in 1913. He was the first non-European to win this prestigious award, in recognition for his collection of poems, ‘Gitanjali’.

6.  Hinduja brothers top UK's rich list
i. The Hinduja brothers have topped the 2017 list of the richest 1,000 people in the UK with an estimated fortune of 16.2 billion pounds, a massive 3.2 billion pound hike in their fortunes over the previous year. 
ii. Besides brothers Srichand and Gopichand Hinduja there are over 40 Indian-origin super-rich in this year's (2017) list which also includes a record number of British billionaires with 14 new ones emerging over the last year. 

7. 3 Indian scientists elected fellows of Royal Society

i. Three Indian Scientist have been elected as the Fellows of The Royal Society, a premier scientific academy of the United Kingdom and the Commonwealth, for their “outstanding contributions to science“.
 ii. Krishna Chatterjee from Cambridge University has been recognised for his discoveries of genetic disorders of thyroid gland formation. 
iii. Subhash Khot from New York University has been credited for throwing insight into unresolved problems in the field of computational complexity. 
iv. Yadvinder Malhi from Oxford University is recognised for his works on understanding the functioning of terrestrial ecosystems and its response to the pressures of global change, including climate change, degradation and loss of large animals.

8. Prabhat Kamal bezboruah 1st non-IAS to head tea board
i. Renowned tea planter from Assam Prabhat Kamal Bezboruah has been named the new chairman of the Tea Board of India by replacing Shri Santosh Sarangi, stated by the Union government.
 ii. With this, Bezboruah becomes the first non-IAS and an industry insider to be at the helm of the Kolkata-headquartered Tea Board, the governing body of the industry.

9. Facebook Launches ‘Express Wi-Fi’ in India
i. Facebook has launched its 'Express Wi-Fi' commercially in India and the service is now available via 700 hotspots across four states of Uttarakhand, Gujarat, Rajasthan and Meghalaya. 
ii. For the expansion of service, Facebook has announced a partnership with Bharti Airtel for setting up an additional 20,000 hotspots covering millions of Indians over the next few months

10. Emmanuel Macron elected as President of France
i. Pro-European centrist leader Emmanuel Macron has been elected as President of France.  
ii. Mr. Macron will also become the first President from outside the two traditional main parties since the modern republic’s foundation in 1958. 

11. Sachin Tendulkar conferred with Fellowship Award in UK
i. India’s cricket icon Sachin Tendulkar plans to support charities and various initiatives to help the under-privileged people. 
ii. He has received the Fellowship Award at the 7th annual Asian Awards in UK.  India’s playback singer Adnan Sami won the award for 'Outstanding achievement in Music'.

12. Saqib Majeed wins 2016 Wisden-MCC Cricket 'Photograph of the Year' award

i.Kashmir based freelance photographer Saqib Majeed has bagged prestigious 2016 Wisden-MCC (Melbourne Cricket Council) Cricket ‘Photograph of the Year’ for capturing a stunning image of boys playing cricket at the Nishat garden in the outskirts of Srinagar. ii. With this Saqib Majeed has become the first Kashmiri and second Asian after Atul Kamble to receive the prestigious award.

13. Justice Leila Seth: First Woman Chief Justice of a State High Court Passed Away
i. Leila Seth, the first woman judge of the Delhi high court and member of the Justice J. S. Verma committee that was set up to re-look at rape laws in India died of a cardiac arrest.

14. Pakistani sitarist Ustad Raees Khan dies
i. Legendary sitar player Ustad Raees Khan Passed awayd. He was 77. 
ii.  Ustad Raees was born in 1939 in Indore, India in a family of musicians. He belonged to the Mewati Gharana of Indian classical music.

15. Shiva thapa wins silver at Asian Boxing Championship

i. Indian boxer Shiva Thapa ended up with a silver medal in the 60-kg category at the Asian Boxing Championships in Tashkent, Uzbekistan. 
ii. Thapa also became the first boxer from the country to win medals at three consecutive championships. He lost the final match to Elnur Abduraimov from Uzbekistan as he got injured at the beginning of the Match.

16. Great Britain wins Sultan Azlan Shah Cup hockey tournament
i. Great Britain beat Australia 4-3 in a thrilling hockey final of the 26th edition of the Azlan Shah Cup at Ipoh, Malaysia. 
ii. This victory came to Great Britain in the Azlan Shah Cup after 23 years. Australia is the world champions and had won the Azlan Shah title nine times. Great Britain becomes the first team from the British Isles to win the Azlan Shah title since 1994.

Also Read:
Daily GK Update 6th May 2017, Important Current Affairs
Daily GK Update 5th May 2017, Important Current Affairs
Daily GK Update 4th May 2017, Important Current Affairs
Daily GK Update 3rd May 2017, Important Current Affairs
Daily GK Update 2nd May 2017, Important Current Affairs
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Daily GK Update 6th May 2017, Important Current Affairs

1. MoUs Worth Rs 2 Lakh Crores Signed in the India Integrated Transport & Logistics Summit 
i. Thirty-four MoUs amounting to about Rs 2 lakh crores were signed in the three-day India Integrated Transport and Logistics Summit that was concluded in New Delhi. The Summit was attended by around 3000 delegates from India and abroad, which included central and state government organizations, international organizations like World Bank and ADB, delegates, global transport and supply chain experts and representatives of private companies. 

2. Haryana govt to offer meals at subsidized rates for workers
i. The Haryana government has decided to open canteens offering meals at subsidized rates to registered construction workers under the "Antyodaya Anna Yojana" at 23 locations in the state. Besides, mobile food vans would be started at 23 convenient sites with a large number of workers.

3. The promulgation of the Banking Regulation (Amendment) Ordinance, 2017
i. The promulgation of the Banking Regulation (Amendment) Ordinance, 2017 inserting two new Sections (viz. 35AA and 35AB) after Section 35A of the Banking Regulation Act, 1949 enables the Union Government to authorize the Reserve Bank of India (RBI) to direct banking companies to resolve specific stressed assets by initiating insolvency resolution process, where required. The RBI has also been empowered to issue other directions for resolution, and appoint or approve for appointment, authorities or committees to advise banking companies for stressed asset resolution. 
ii. This action of the Union Government will have a direct impact on the effective resolution of stressed assets, particularly in the consortium or multiple banking arrangements, as the RBI will be empowered to intervene in specific cases of resolution of non-performing assets, to bring them to a definite conclusion. 
iii. The Government is committed to the expeditious resolution of stressed assets in the banking system. The recent enactment of Insolvency and Bankruptcy Code (IBC), 2016 has opened up new possibilities for time-bound resolution of stressed assets. The SARFAESI and Debt Recovery Acts have been amended to facilitate recoveries. A comprehensive approach is being adopted for the effective implementation of various schemes for timely resolution of stressed assets. 

4. Cabinet committee approves seven top-level changes in various banks
i. The Appointments Committee of the Cabinet has approved seven top-level changes in various public sector banks. Usha Ananthasubramanian, MD, and CEO, Punjab National Bank, has been appointed as MD & CEO of Allahabad Bank. Sunil Mehta, Executive Director, Corporation Bank, has been appointed as MD & CEO of Punjab National Bank. The committee has also approved the appointment of Dinabandhu Mohapatra, Executive Director at Canara Bank, as MD and CEO of Bank of India.
ii. G Rajkiran Rai, Executive Director at Oriental Bank of Commerce, has been appointed MD & CEO of Union Bank of India, for a period of three years with effect from July 1. R Subramaniakumar, Executive Director, Indian Overseas Bank, has been elevated as MD & CEO of the bank. RA Sankara Narayanan, ED, Bank of India, has been appointed MD & CEO of Vijaya Bank with effect from September 1. MO Rego, MD & CEO of Bank of India, has been appointed MD & CEO of Syndicate Bank with immediate effect.

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Important Formulas - Probability - Tricks & Shortcuts

1. Experiment:
An operation which can produce some well-defined outcomes is called an experiment.

2. Random Experiment:
An experiment in which all possible outcomes are know and the exact output cannot be predicted in advance, is called a random experiment.

Examples:
i. Rolling an unbiased dice.
ii.Tossing a fair coin.
iii. Drawing a card from a pack of well-shuffled cards.
iv. Picking up a ball of certain colour from a bag containing balls of different colours.

Details:
i. When we throw a coin, then either a Head (H) or a Tail (T) appears.
ii. A dice is a solid cube, having 6 faces, marked 1, 2, 3, 4, 5, 6 respectively. When we throw a die, the outcome is the number that appears on its upper face.
iii. A pack of cards has 52 cards.
It has 13 cards of each suit, name Spades, Clubs, Hearts and Diamonds.
Cards of spades and clubs are black cards.
Cards of hearts and diamonds are red cards.
There are 4 honours of each unit.
There are Kings, Queens and Jacks. These are all called face cards.

3.Sample Space:
When we perform an experiment, then the set S of all possible outcomes is called the sample space.

Examples:
i.In tossing a coin, S = {H, T}
ii. If two coins are tossed, the S = {HH, HT, TH, TT}.
iii. In rolling a dice, we have, S = {1, 2, 3, 4, 5, 6}.

4. Event:
Any subset of a sample space is called an event.

5. Probability of Occurrence of an Event:
Let S be the sample and let E be an event.
Then, E S.
 P(E) =   n(E)/ n(S)
               
6. Results on Probability:
i.  P(S) = 1
ii. 0 ≤ P (E) ≤ 1
iii. P(ϕ) = 0
iv. For any events A and B we have : P(A B) = P(A) + P(B) - P(A ∩ B)
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Important Formulas - Ratio and Proportion - Tricks & Shortcuts

1. Ratio:
The ratio of two quantities a and b in the same units, is the fraction a/b and we write it as a : b.

In the ratio a : b, we call a as the first term or antecedent and b, the second term orconsequent.

Eg. The ratio 5 : 9 represent  5/9 with antecedent = 5, consequent = 9.
                               
Rule: The multiplication or division of each term of a ratio by the same non-zero number does not affect the ratio.

Eg. 4 : 5 = 8 : 10 = 12 : 15. Also, 4 : 6 = 2 : 3.

2. Proportion:
The equality of two ratios is called proportion.

If a : b = c : d, we write a : b :: c : d and we say that a, b, c, d are in proportion.

Here a and d are called extremes, while b and c are called mean terms.

Product of means = Product of extremes.

Thus, a : b :: c : d (b x c) = (a x d).

3. Fourth Proportional:

If a : b = c : d, then d is called the fourth proportional to a, b, c.

Third Proportional:
a : b = c : d, then c is called the third proportion to a and b.

Mean Proportional:
Mean proportional between a and b is √(ab).

4. Comparison of Ratios:
We say that (a : b) > (c : d) a/b > c/d  .
                               
Compounded Ratio:
The compounded ratio of the ratios: (a : b), (c : d), (e : f) is (ace : bdf).

5. Duplicate Ratios:
Duplicate ratio of (a : b) is (a2 : b2).

Sub-duplicate ratio of (a : b) is (√a : √b).

Triplicate ratio of (a : b) is (a3 : b3).

Sub-triplicate ratio of (a : b) is (a1/3 : b1/3).

If    a/b = c/d , then  (a + b)/( a - b)  =  (c + d)/( c - d).     [componendo and dividendo]
                                                                               
6. Variations:
We say that x is directly proportional to y, if x = ky for some constant k and we write,xy.
We say that x is inversely proportional to y, if xy = k for some constant k and
we write, x 1/y.
                               


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Important Formulas - Races and Games - Tricks & Shortcuts

1.  Races: A contest of speed in running, riding, driving, sailing or rowing is called a race.

2.  Race Course: The ground or path on which contests are made is called a race course.

3.  Starting Point: The point from which a race begins is known as a starting point.

4.  Winning Point or Goal: The point set to bound a race is called a winning point or a goal.

5. Winner: The person who first reaches the winning point is called a winner.

6. Dead Heat Race: If all the persons contesting a race reach the goal exactly at the same time, the race is said to be dead heat race.

7.  Start: Suppose A and B are two contestants in a race. If before the start of the race, A is at the starting point and B is ahead of A by 12 metres, then we say that 'A gives B, a start of 12 metres'.
To cover a race of 100 metres in this case, A will have to cover 100 metres while B will have to cover only (100 - 12) = 88 metres.

In a 100 race, 'A can give B 12 m' or 'A can give B a start of 12 m' or 'A beats B by 12 m' means that while A runs 100 m, B runs (100 - 12) = 88 m.

8. Games: 'A game of 100, means that the person among the contestants who scores 100 points first is the winner'.

If A scores 100 points while B scores only 80 points, then we say that 'A can give B 20 points'.

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English Idioms and Phrases Study Material for SSC, Bank & Other Competitive Exams

English - Idioms and Phrases

  • Hobson’s Choice- कोई विकल्प नहीं [no choices accept one (accept or neglect)]
  • Hue & Cry- शोर शराबा (noise)
  • Get rid off- छुटकारा पाना (Get rid off )
  • Talk of town- चर्चित चीज़े (spot light articles)
  • A bad egg- ऐसा व्यक्ति जिसका विश्वास न किया जा सके                           
  • Leep / jump in the dark- अँधेरे में तीर चलाना / तुक्का मरना
  • Leave in the lurch- मुसीबत में साथ छोडना
  • Egg someone in- बहुत ज्यादा सर पर चढ़ाना
  • Put all the eggs in one basket- सब कुछ दाव पर लगाना
  • Paint the town red- शराब के साथ मौज करना (enjoy with alcohol)
  • Go nuts- पागल हो जाना 
  • Go bananas- पागलों  की तरह बर्ताव करना (behave like crazy)
  • See eye to eye- किसी के साथ सहमत हो जाना (to agree with someone)
  • Use sledgehammer to crack a nut- सुई की जगह तलवार उपयोग करना (unnecessary effort)
  • Nine days wonder- चार दिन की चान्दनी
  • Wonders never cease- आज सूरज कहाँ से निकला?
  • By all- हर तरह से
  • By any- किसी भी तरह से
  • Burns the fingers - अपने ही पैरो पर कुल्हाड़ी मरना
  • Cloak and dagger- रहस्यमय या संदिग्ध (for mysterious or suspicious)
  • Smell the rat- दाल में कुछ काला
  • Something is fishy- कुछ गड़बड़ हैं
  • See through some ones sleeves- किसी की चालाकी को भांप लेना
  • At daggers drawn- खून के प्यासे / कट्टर दुश्मन
  • Snake in the grass- आस्तीन का सांप (Hidden enemies)
  • At 11th floor- एक दम आखिरी समय (Last time)
  • Cock and bull story- मनगढ़ंत कहानी (excuses)
  • Coin a story- झूठी कहानी
  • A dark horse- छुपारुस्तम
  • Pandora’s box- मुसीबतों का पहाढ़
  • Mammon’s pot- कुबेर का खजाना
  • Pay through nose- किसी वस्तु के लिए बहुत ज्यादा भुगतान करना
  • Fish out of water- बहुत ज्यादा तकलीफ में
  • Fish in troubled water- मज़बूरी का फायदा उठाना
  • Put oil in troubled water- किसी के गुस्से को शांत करना (Control the anger)
  • Fan the flame- आग को भड़का देना
  • Turn the table- बजी पलट देना
  • Turn the coat- दल बदलू (Change the side)
  • Pick holes in others coat- दूसरे के अन्दर कमियां ढूँढना (Pick fault of others)
  • Cut your coat according to the cloth- जितनी चादर उतना ही पैर फैलाना
  • Put spoke in other’s wheel- रूकावट डालना / आगे बढ़ने से रोकना
  • Keep the powder dry- किसी काम के लिए हर समय तैयार रहना 
  • Fly in the soup- रंग में भंग / कबाब में हड्डी
  • Fly in the ointment- दूध में पड़ी मक्खी
  • On cloud nine- बहुत खुश होना
  • On 7th heaven- सातवें असमान पर होना / बहुत खुश होना
  • Once in a blue moon- ईद का चाँद होना / कभी कभी मिलना
  • A wet blanket- मुसीबत / दुःख का कारन (cause of problem / sorrow)
  • When bulls fight crops suffer- गेहूँ में घुन पिसना
  • From the frying pan into the fire- आसमान से गिरे खजूर पर अटके
  • The pot calling the kettle black- उल्टा चोर कोतवाल को डांटे
  • A bad workman blames his tools- नाच न जाने आंगन टेढ़ा
  • Apple pie order- हर चीज़ व्यवस्थित रूप से
  • At sixes and sevens- अस्त व्यस्त / तितर बितर
  • Bone of contention/ Apple of discord- झगड़े की जड़
  • The raining cats and dogs- मूसलाधार बारिश
  • Walk and chew gum- एक साथ कई कम करना (become multitasking at a point)
  • Chips of the same block- एक ही थाली के चट्टे बट्टे
  • Birds of a feather flock together- चोर चोर मौसेरे भाई
  • Bite the hand beat you- जिसमें खाना उसी में छेद करना
  • Cry over spilt milk- अब पछताए होत क्या जब चिड़िया चुग गई खेत
  • Make hay while the sun shines- बहती गंगा में हाथ धुलना
  • Telling your grand to suck the eggs- मेरी बिल्ली मुझसे ही म्याऊ
  • A rolling Stone- एक जगह पर न टिके / धोबी का कुत्ता
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