Current Affairs: 18 May 2019

Daily Current GK Update

18 May, 2019

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  1. NSG Commandos summit Mount Everest in maiden attempt

Commandos of the premier counter-terror force National Security Guard (NSG) created history as they scaled the Mount Everest (world’s highest peak) in their maiden attempt.

A seven-member team of NSG, led by Lt Col JP Kumar, successfully unfurled the Indian flag at the 8,848-metre tall peak. This is the first expedition of the NSG to the Mount Everest and the force has been preparing for it since 2017.

Source: – The Hindu


  1. Taiwan becomes first country in Asia to legalise same-sex marriage

Taiwan has approved a bill legalizing same sex marriage, a landmark decision that makes the self-ruled island the first place in Asia to pass gay marriage legislation. The successful bill includes limited adoption rights for same-sex couples.

Source: – CNN


  1. Donald Trump unveils merit-based immigration system

US President Donald Trump has rolled out a merit-based immigration system from which foreigners, including hundreds and thousands of Indian professionals and skilled workers, waiting to get Green Cards or permanent legal residency stand to benefit. He made the announcement in his Rose Garden speech.

As per the proposed system, permanent legal residency would be given based on points for their age, knowledge, job opportunities and civic sense. The proposals significantly increase the quota for skilled workers from the existing nearly 12% to 57%.

Source: – AIR World Service


  1. Saudi Arabia approves permanent residency for first time

The Saudi government has approved for the first time a scheme that gives permanent residency to certain expatriates, allowing them to own real estate in the kingdom and reside with their families without a Saudi sponsor.

The “Privileged Iqama” system will offer a permanent residence scheme and one that can be renewed annually to highly skilled expatriates and owners of capital funds.

Source: – Livemint


  1. IBM Garage to co-create AI-based automation solutions with HDFC ERGO

IBM India has tied-up with HDFC ERGO General Insurance Company, India’s third largest non-life insurance provider in the private sector, to co-create new Artificial Intelligence (AI)-based solutions.

Leveraging IBM Garage that uses data driven insights to develop end-to-end strategies and solutions for business transformation, teams from HDFC ERGO and IBM Services will work together to develop and test new solutions.

Source: – Livemint


  1. BSE launches BSE STAR MF app for its mutual fund platform

Leading stock exchange BSE has launched ‘BSE STAR MF’ app to enable more participation and help mutual fund distributors process transactions faster.

As per the BSE, this mobile app supports real-time client registration and paperless transactions, creates and uploads mandate for SIPs, generates the basket of multiple orders, tracks and allows the distributor to analyse his business at his fingertips.

Source: – The Hindu Business Lines


  1. Ujjivan Small Finance Bank appoints Nitin Chugh as next MD and CEO

Ujjivan Small Finance Bank Limited has appointed Nitin Chugh as its next Managing Director and Chief Executive Officer (CEO) from December 1, 2019.

Bank’s current MD and CEO, Samit Ghosh is retiring on November 30, 2019. The bank has received the approval of its application for Chugh’s appointment, from the Reserve Bank of India (RBI).

Source: – The Hindu Business Lines

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