Current Affairs: 31 May 2019

Daily Current GK Update

31 May, 2019

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  1. Military tribunal allows Karambir Singh to take charge as new Navy Chief

The Armed Forces Tribunal cleared the way for Vice Admiral Karambir Singh to become the next Navy Chief, while it deferred for four weeks the matter of Vice Admiral Bimal Verma which seeks to quash Singh’s appointment.

Karambir Singh, who is the Commander-inChief of the Eastern Naval Command, will take over as the Navy Chief on 31st May 2019.


  1. RBI sets up committee on corporate loans

RBI has constituted a six-member committee on the Development of Secondary Market for Corporate Loans to come up with recommendations to increase the efficiencies of the debt market and aid in the resolution of stressed assets.

The committee, headed by T N Manoharan, Chairman, Canara Bank, will make recommendations on required policy/regulatory interventions for facilitating the development of the secondary market in corporate loans, including loan transaction platform for stressed assets.

Source: – The Hindu Business Line


  1. Indian Writer Annie Zaidi Wins USD 100,000 Global Book Prize ‘Nine Dots’

Indian writer Annie Zaidi was announced as the 2019 winner of the USD 100,000. Nine Dots Prize, a prestigious book prize created to award innovative thinking that addresses contemporary issues around the world.

Mumbai-based Annie Zaidi, a freelance writer whose work includes reportage, essays, short stories, poetry, and plays, won for her entry ‘Bread, Cement, Cactus’- combining memoir and reportage to explore concepts of home and belonging rooted in her experience of contemporary life in India.

Source: – The Economic Times


  1. James Marape elected new Papua New Guinea PM

James Marape, a former finance minister and critic of a major global gas development deal, has been elected by parliament as the prime minister of Papua New Guinea.

His election came after weeks of political turmoil that saw his predecessor, Peter O’Neill, resign having lost the support of the House after more than seven years in power.


  1. Nepal celebrates its 12th Republic Day

Nepal is celebrating its 12th Republic Day on 29th May 2019. A number of programmes are being organized in different parts of the country to mark the occasion. The main function was held at Army Pavilion in Kathmandu, which was attended by the President Bidya Devi Bhandari, Prime Minister K. P. Sharma Oli, cabinet ministers, senior government officials, heads and representatives of various diplomatic missions and other dignitaries.

Source: – AIR News


  1. IAF, ISRO partner for crew selection, training for Gaganyaan

The Indian Air Force has revealed that it has signed an MoU with ISRO for crew selection and training for India’s spaceflight programme Gaganyaan. Air Vice-Marshal RGK Kapoor, ACAS Ops (Space) handed over the MoU to Project Director of Gaganyaan programme R Hutton, in presence of ISRO Chairman K Sivan. India plans to send three astronauts to space by 2022.


  1. Jagan Reddy sworn in as Andhra Pradesh CM

YSR Congress party president YS Jagan Mohan Reddy has taken oath as Chief Minister of Andhra Pradesh. Governor ESL Narasimhan administered him the oath of office and secrecy at Indira Gandhi Municipal Stadium in Vijayawada. Mr. Reddy is the second Chief Minister of the bifurcated Andhra Pradesh.

In the presence of a large number of his followers who came there to witness his swearing-in-ceremony, Jagan Mohan Reddy has put his first signature on the file hiking social security pensions from next month.

Source: – The Times of India


  1. Goa celebrates its statehood day

Goa celebrates its statehood day on 30th May. It was on this day in 1987 Goa became the 25th state of the Indian Union.2 It was a Union Territory along with Daman and Diu from December 1961 onwards when Goa was liberated from the colonial rule.

Once Goa was liberated there was a controversy regarding merging Goa with the neighbouring state of Maharashtra or Mysore. However, an opinion poll of 1967 suggested that Goa, Daman, and Diu be Union Territory.


  1. Maldives invites PM Narendra Modi to address Parliament

The Maldives on Wednesday invited PM Narendra Modi to address the Parliament during his upcoming visit to the country expected in June. PM Modi will visit the Maldives in his first bilateral visit post assuming office for the second term. He had visited the Maldives in November 2018 to attend the oath-taking ceremony of President Ibrahim Mohamed Solih.

Source: – Times Now


  1. Europa League final: Chelsea beat Arsenal 4-1

Chelsea got the better of its English Premier League rivals to win the Europa League final, beating Arsenal 4-1 in the Baku Olympic Stadium, Azerbaijan. Despite a bright start from the Gunners, Chelsea ran riot in the second half with three goals in quick succession.

Chelsea won their fifth major Uefa European competition final, with only Liverpool winning more among eight English clubs.

Source: – BBC Sports


  1. Nigeria’s Muhammadu Buhari sworn in for second term as president

Muhammadu Buhari has been sworn in for a second term as Nigeria’s president, following a campaign that focused on tackling security threats and rooting out corruption. He did not make a speech during the low-profile event attended by members of the diplomatic community.

Buhari, a former military ruler, won 56 percent of the votes to defeat his main challenger, former Vice President Atiku Abubakar of the Peoples’ Democratic Party (PDP) in the February 2019 election.


  1. US-UAE defense agreement comes into force

The United States and the United Arab Emirates have announced that mutual defense cooperation agreement had come into force, amid increasing tensions between Washington and Tehran. The DCA (Defense Cooperation Agreement) will enhance military coordination between the United States and the United Arab Emirates, further advancing an already robust military, political, and economic partnership at a critical time.

US President Donald Trump bypassed Congress to sell USD 8.1 billion in arms to Saudi Arabia and other Arab allies, citing the alleged threat from Iran.


  1. World Bank’s IFC to loan 245 crore to Manappuram Finance

Manappuram Finance has said it will receive an investment of $35 million (nearly 3245 crore) from World Bank arm International Finance Corporation to help low-income households and small enterprises avail loans against gold assets. This is IFC’s first investment in a gold-loan non-banking financial company in India. The Kerala-based financier will receive the money as a three-year secured loan.

Source: – Livemint


  1. International Everest Day: 29th May

International Everest Day is being observed on 29th May. Nepalese Tenzing Norgay and New Zealand’s Edmund Hillary had climbed the Mt. Everest on this day (29th May) in 1953, as the first humans to achieve the feat.

Nepal decided to observe the day as International Everest Day since 2008 when the legendary climber Hillary passed away. Everest Day on May 29 every year in memory of the first summit of Mt. Everest by Sir Edmund Hillary and Tenzing Norgay Sherpa on the day in 1953. The day is celebrated with memorial events, processions, and special events in Kathmandu and the Everest region.

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