Daily GK Update 27th & 28th May 2017, Important Current Affairs

1. India announced a $500 million line of credit to Mauritius as the two countries resolved to deepen ties in a range of areas including the maritime domain. The two countries also signed a maritime security agreement after extensive talks between Prime Minister Narendra Modi and his Mauritian counterpart Pravind Jugnauth. 

2. The government has selected five merchant bankers, including Goldman Sachs and Citigroup, to manage the government's 3 per cent stake sale in IOC (Indian Oil Corporation) which could fetch about Rs 6,000 crore to the exchequer. The other bankers who have been selected by the Department of Investment and Public Asset Management (DIPAM) for managing the stake sale are Deutsche Equities, SBI Capital Markets and ICICI Securities. 

3. Apple opened its first Southeast Asia store in Singapore, drawing hundreds of excited fans to the swanky two-storey site in the city’s upmarket shopping district. Located on the affluent Orchard Road, the new shop — easily distinguished by its iconic glass facade — is expected to be one of the most popular Apple stores in the world according to the US tech giant.

4. The Orange City (Nagpur) has become India’s first city to have electric mass mobility system. It will have a fleet of 200 electric vehicles including taxis, buses, e-rickshaw and autorickshaws, all of which will be fully owned by cab aggregator Ola. 

5. Prime Minister of Mauritius Pravind Kumar Jugnauth is on a three-day visit to India. This is his first port of call after assuming office and India laid out a red carpet welcome to make it a truly historic and memorable first visit. Apart from announcing a 500 million USD line of credit, India offered unconditional cooperation in the key area of maritime security in the Indian Ocean region. 

Also Read:
Daily GK Update 26th May 2017, Important Current Affairs
Daily GK Update 25th May 2017, Important Current Affairs
Daily GK Update 24th May 2017, Important Current Affairs
Daily GK Update 23rd May 2017, Important Current Affairs
Daily GK Update 21st & 22nd May 2017, Important Current Affairs
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