Daily Current Affairs for MBA Exams: 16th May 2022

By Anjali Chowdhury|Updated : May 16th, 2022

 Sports

1. Jyothi Yarraji clinched gold medal in 100m hurdles in Cyprus

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  • India's Jyothi Yarraji (Andhra Pradesh) has smashed the national record to clinch a gold medal in the women's 100m hurdles at Limassol in Cyprus International Athletics Meeting 2022 with a timing of 13.23 seconds.
  • She break the 20-year-old national record (13.38 seconds) in the name of Anuradha Biswal in 2002.
  • Another Indian athlete Lili Das has also won gold in the women's 1500 meter race and Amlan Borgohain won the bronze medal in the men's 200m.

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 National & International Organizations

2. Saudi Aramco replaced Apple to become world's most valuable company

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  • Oil giant Saudi Aramco has dethroned Apple Inc. to become the world’s most valuable company, underscoring the recent surge in oil prices that have boosted the energy giant this year.
  • The current worth of Aramco is about $2.43 trillion as compared with Apple's $2.37 trillion.
  • Saudi Aramco has reported a 124% surge in net profit in the last year from $49.0 billion in 2020 to $110.0 billion in 2021. 
  • President and CEO of Saudi Aramco: Amin H. Nasser

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 National Affairs

3. Narayan Rane inaugurates Center of Excellence for Khadi in Delhi

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  • National Institute of Fashion Technology (NIFT) in collaboration with Khadi and Village Industries Commission (KVIC) has started the Centre of Excellence for Khadi (CoEK) at NIFT, Delhi campus.
  • Aim: To make Khadi trendier by diversifying its fabrics and clothing line and upgrading the quality standards.
  • Narayan Rane (Union Minister of MSME) also launched CoEK spokes in Gandhinagar, Shillong, Kolkata and Bengaluru virtually.
  • Chairman KVIC: Vinai Kumar Saxena

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 National & International Appointments

4. Deepika Padukone becomes first Indian brand ambassador of Louis Vuitton

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  • Deepika Padukone has been appointed as Louis Vuitton's first-ever Indian brand ambassador.
  • She was unveiled as part of a new handbag campaign with Emma Stone and Chinese actor Zhou Dongyu in a series of promotional shots.
  • Recently, she has been named as a part of an eight-member jury presided by French actor Vincent Lindon at 75th Cannes Film Festival. 
  • She has also received the first Time 100 Impact Awards for creating awareness about mental health.

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 Sports

5. India bag three gold medals and one bronze in Asia Cup Archery

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  • The Indian team of women archers Parneet Kaur, Aditi Swami, and Sakshi Chaudhary has won India's first gold medal of the continental meet after defeating Kazakhstan in Iraq.
  • The men's team of Prathamesh Fuge, Rishabh Yadav, and Jawkar Samadhan has won the second gold for India.
  • The compound mixed duo of Prathmesh Fuge & Parneet Kaur won the third Gold Medal at Asia Archery Cup.
  • Prathamesh Samadhan Jawkar has won the bronze medal in Asia Cup.

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 International Affairs

6. South Korea joins NATO cyber defence unit

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  • National Intelligence Service South Korea (spy agency) has become the first in Asia to join NATO’s Cyber Defense Group (CDG).
  • The cyber defense group was founded in Tallinn in 2008 in response to a cyberattack that disrupted Estonia’s state networks.
  • It focuses on cyber security research, training, and exercises.
  • NATO’s Cooperative Cyber Defense Center of Excellence (CCDCOE) now includes 27 NATO member countries and five non-NATO partners.
  • NATO HQ: Brussels, Belgium

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 State Affairs

7. Haryana launched Chaara-Bijaee Yojana for fodder growers

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  • JP Dalal (Haryana agriculture minister) has launched the 'Chaara-Bijaee Yojana' scheme to provide financial assistance of Rs 10,000 per acre to grow fodder framers.
  • Farmers need to grow fodder on up to 10 acres of land around the gaushalas (cowsheds) and provide it to them through mutual consent.
  • The amount will be credited to the bank accounts of farmers through direct benefit transfer (DBT) mode.

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 National Affairs

8. Indian Railways introduces foldable baby berths

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  • Indian Railways has added a 'baby berth' to their trains, an unusual setup allows women to travel by train while sleeping peacefully next to their children.
  • On the occasion of Mother's Day, the Lucknow Division of Northern Railways experimented with a baby berth in coach No.194129/B4, berths 12 and 60.
  • The infant seat is collapsible and has a safety stopper.
  • Division of Northern Railways: Lucknow and Delhi collaborated on the infant berth.

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 Important Dates

9. International Nurses Day: May 12

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  • International Nurses Day is celebrated worldwide on May 12  to mark the contribution made by nurses to society, in health care set up and in a community.
  • Theme 2022: 'Nurses: A Voice to Lead - Invest in Nursing and respect rights to secure global health'.
  • The day marks the birth anniversary of Florence Nightingale (the founder of modern nursing).
  • Florence Nightingale (also known as Lady with the Lamp) took care of the wounded soldiers during the Crimean War.

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 State Affairs

10. India’s first EV charging station powered by food waste in Mumbai

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  • Aaditya Thackeray (Maharashtra Environment Minister) has inaugurated the nation's first organic waste-powered EV charging station at Keshavrao Khadye road near Haji Ali in Mumbai.
  • The station will generate 220 units of electricity from food waste collected from its nearby areas.
  • This station powers street lights and charge electric vehicles too.
  • The project was done by the civic body in association AeroCare Clean Energy.

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 Banking & Finance

11. ICICI Bank joins hands with Santander for India-UK business ease

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  • ICICI Bank has partnered with Santander bank in Britain in a pact aimed at facilitating the banking requirements of corporates operating across both countries.
  • The memorandum of understanding (MoU) between ICICI and Santander UK Plc is designed to establish a framework of the partnership between the banks to meet the financial service requirements of corporate customers operating within the India-UK corridor.
  • ICICI Bank MD& CEO: Sandeep Bakhshi

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 Banking & Finance

12. Bharti AXA launches financial literacy campaign for mothers

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  • Bharti AXA Life Insurance has launched its financial literacy campaign ‘InspiHERs- enabling an empowered future’.
  • It is a special initiative to spread financial awareness among women about financial decisions for a secured future.
  • Bharti AXA Life Insurance is a joint venture between Bharti Enterprises and AXA.
  • The joint venture company has a 51% stake in Bharti and a 49% stake in AXA.
  • Bharti AXA Life Insurance MD & CEO: Parag Raja

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 Obituaries

13. Former president of Ukraine Leonid Kravchuk dies

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  • The first president of Independent Ukraine, Leonid Kravchuk (former communist) died at the age of 88.
  • Kravchuk was known as the "wily fox" as he rose through the ranks of Ukraine's Communist Party and take over as head of the parliament in 1990.
  • He signed the Belovezha accords with Russian President Boris Yeltsin and Belarusian leader Stanislav Shushkevich in December 1991 which effectively triggered the Soviet Union's collapse.

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