Daily Current GK Update
10 May, 2019
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India Ratings downgrades Yes Bank with negative outlook
India Ratings has downgraded the YES bank’s long-term rating to ‘IND AA-’ with a negative outlook, while reaffirming short term rating. ICRA has also downgraded the long-term ratings of the lender.
Accordingly, six instruments with a total borrowing of over Rs 33,000 crore were also downgraded. Yes Bank had also reported its maiden loss of over Rs 1,506 crore in the March 2019 quarter, driven by a near 10-fold spike in provisions.
Source: – The Hindu Business Line
Vice President embarks on 4-day official visit to Vietnam
Vice President of India Venkaiah Naidu embarked on a four-day official visit to Vietnam to participate in 16th United Nations Day of Vesak. The visit is scheduled to enhance India’s comprehensive strategic partnership with the Southeast Asian nation.
During the visit, VP will deliver the keynote address at the inaugural session of the event themed as “Buddhist Approach to Global Leadership and Shared Responsibilities for Sustainable Societies.”
Source: – News On AIR
India and China sign protocol for export of Indian chilli meal
Commerce Secretary, Anup Wadhawan and Vice Minister, General Administration of Customs of China (GACC), Li Guo, held a meeting in New Delhi to discuss trade related issues of pending Indian request for clearance of agricultural products.
Both sides agreed to resolve market access issues expeditiously in order to achieve the vision of the leaders of both India and China by promoting a more balanced trade. At the end of the meeting, a protocol was signed for export of chilli meal from India to China.
Source: – Press Information Bureau
India re-elected as observer to ‘Arctic Council’
India was re-elected as Observer to the Arctic Council, an intergovernmental forum. The decision was taken during the 11th Arctic Council ministerial meeting at Rovaniemi, Finland.
The Council also appointed the International Maritime Organisation (IMO) as a new Observer. India successfully got the Observer status in 2013 during the Kiruna Ministerial meeting held in Sweden.
Source: – The Livemint
Singapore passes ‘Fake News’ law
Singapore’s Parliament passed a law to curb the spread of fake news under which offenders may face up to 10-year jail or fines of up to S$1 million (over Rs5.12 crore). The law empowers the government to direct social media platforms such as Facebook and Twitter to carry corrections or remove content it considers to be fake news.
Source: – AIR World Service
TAFE, Petroleum Conservation Research Association sign MoU
Tractor-manufacturer Tractors and Farm Equipment (TAFE) Ltd has signed an MoU with Petroleum Conservation Research Association (PCRA) to aid conservation of resources.
Under the MoU, the association plans to jointly conduct agricultural workshops by involving TAFE’s dealership network. The workshop would help spread awareness on the advantages of better maintenance and upkeep of the tractors, resulting in lesser fuel consumption and maximising productivity, among others.
Source: – Business Standard
Chhattisgarh deploys 1st anti-naxal women commando unit
The Chhattisgarh police for the first time has inducted women commandos in the District Reserve Guard (DRG), its frontline anti-Naxal force.
Comprising 30 women led by Deputy Superintendent of Police (DSP) Dineshwari Nand, have received extensive training in jungle combat. With the induction of the women commando contingent, the number of platoons of the DRG in Dantewada now stands at six.
Source: – The Quint
158th birth anniversary of Rabindranath Tagore observed
India’s first Nobel laureate who reshaped Bengali literature and music, Rabindranath Tagore was also an educationist who started the Vishwa Bharati University in Shantiniketan, and in the process, challenged conventional mores of education. Rabindranath Tagore’s birth anniversary is also known as Pochise Boishakh 2019.