National & International Appointments
1. Former RBI deputy governor SS Mundra appointed as Chairman of BSE
- Bombay Stock Exchange (BSE) has approved the appointment of former Reserve Bank of India (RBI) governor SS Mundra (Public Interest Director) as the Chairman of the board of directors of the company.
- He replaced Justice Vikramajit Sen who is the current chairman.
- Mundra was appointed as Public Interest Director at BSE in January 2018.
- He retired as Deputy Governor of the RBI on July 30, 2017, and also served as Chairman and Managing Director of the Bank of Baroda.
National & International Appointments
2. Naveen Srivastava appointed as new ambassador to Nepal
- Naveen Srivastava, presently working as an additional secretary in the external affairs ministry has been appointed as the next ambassador to Nepal.
- He succeeded Vinay Kwatra, who has recently become the foreign secretary.
- He has played a key role in diplomatic and military talks with China to tackle the military standoff on the Line of Actual Control (LAC).
- During the recent visit of PM Modi to Nepal, both countries have signed six agreements to strengthen ties.
Sports
3. India won eight gold in the 2021 Deaflympics
- India has won 16 medals (including eight golds, one silver and seven bronze) at the Deaflympics 2021in Caxias do Sul, Brazil.
- India has finished in the ninth position in the medal tally.
- India won three gold in shooting, three in Badminton, and each in Golf and Tennis.
- Shooting: Dhanush Srikanth, Abhinav Deshwal, Dhanush Srikanth/Priyesha Deshmukh, Shourya Saini, Vedika Sharma
- Badminton: Jerlin Jayaratchagan, Abhinav Sharma
- Tennis: Prithvi Sekhar/Dhananjay Dubey
Banking & Finance
4. India becomes 4th largest vehicle market
- According to the Organisation Internationale des Constructeurs d’Automobiles (OICA), India has sold 3,759,398 vehicles in 2021 as compared to 2,973,319 vehicles in Germany. This shows a difference of almost 26%.
- The most number of vehicles were sold in China (sales remained almost stagnant), followed by the US (reported growth of 4%) and Japan (market shrunk compared to both 2020 and 2019.
- OICA Headquarters: Paris, France
Banking & Finance
5. PSBs frauds decline by 51% to Rs 40,295 crore
- According to the Reserve Bank of India (RBI), the Public sector banks have reported over a 51% dip in the amount involved in frauds to Rs 40,295.25 crore during the financial year ended March 2022.
- The 12 PSBs had reported frauds worth Rs 81,921.54 crore in the preceding fiscal 2020-21.
- But, the number of fraud cases has fallen slightly as a total of 7,940 frauds were reported by the PSBs in 2021-22, against 9,933 incidents reported in FY21.
Banking & Finance
6. World bank sanctions USD 350 billion to Gujarat' SRESTHA-G project
- The World Bank has approved USD 350 million as financial aid for the Systems Reform Endeavors for Transformed Health Achievement in Gujarat -SRESTHA-G project.
- The project will include transforming key health delivery systems in the state.
- Focus area: Improve the quality, equity, and comprehensiveness of primary healthcare, services for adolescent girls and the capacity of disease surveillance systems.
- Gujarat Governor: Acharya Devvrat; CM: Bhupendra Rajnikant Patel
Banking & Finance
7. Sebi notifies rules to strengthen the regulatory framework for CIS
- Securities and Exchange Board of India (SEBI) has enhanced the net worth criteria and track record requirements with an aim to strengthen the regulatory framework for collective investment schemes.
- The SEBI has mandated a minimum of 20 investors and a subscription amount of at least Rs 20 crore for each Collective Investment Scheme (CIS).
- SEBI has put a cap on cross-shareholding in Collective Investment Management Company (CIMC) to 10% to avoid conflict of interest.
Banking & Finance
8. PNB MetLife launches India's first dental health insurance plan
- PNB MetLife India Insurance Company has launched a dental health insurance plan.
- A dental health insurance plan is the first insurance plan in India that covers fixed-benefit outpatient expenses and provides financial assistance with costs related to overall dental health.
- PNB MetLife has tied up with more than 340 dental clinics to help customers to manage their dental health.
- PNB MetLife Chairman: Kishore Ponnavolu; MD& CEO: Ashish Kumar Srivastava
Agreement
9. Emirates Telecom buys 9.8% stake in Vodafone for $4.4 billion
- Emirates Telecommunications Group Company PJSC “e&" (Etisalat Group) has acquired approximately 2,766 million shares in Vodafone Group Plc aggregating to $4.4 billion.
- The shares represent 9.8% of Vodafone's issued share capital.
- The transaction is in process with e&’s ambition to be a global player in telecom and technology.
- Vodafone Headquarters: Berkshire, United Kingdom; Chairman: Jean-Françols van Boxmeer
State Affairs
10. Punjab CM launches 'Lok Milni' for redressal of public grievances
- Punjab CM, Bhagwant Mann has launched the first-of-its-kind public interaction programme Lok Milni to hear the grievances of people and issued directions for their redressal.
- Aim: Providing a single-window platform to the people for redressal of their complaints.
- Previously, the Lok Milni program was named 'janta darbar'.
- This event helps to facilitate the people for resolving their long-pending administrative issues
National Affairs
11. Government announces formation of Cotton Council of India
- The Government has announced the formation of the Cotton Council of India under the Chairmanship of veteran cotton man Suresh Bhai Kotak.
- The first meeting of the proposed council has been scheduled for the 28th of May 2022.
- The council will discuss, deliberate, and prepare a robust action plan for bringing out a tangible improvement in this field.
- The import of cotton will be permitted duty-free till the bill of lading is dated September 30, 2022.
National & International Appointments
12. Gram Unnati appoints former CEC Sunil Arora as non-executive chairman
- Gram Unnati (Agritech startup) has appointed former chief election commissioner Sunil Arora as the new non-executive chairman of its board.
- He is a retired civil servant (IAS) with an experience of over 36 years.
- He has served as secretary in the Ministry of Information & Broadcasting and the Ministry of Skill Development and Entrepreneurship.
- Gram Unnati was founded by IIT Kharagpur graduate Aneesh Jain in 2013.
- CEO of Gram Unnati: Aneesh Jain
Important Dates
13. International Museum Day 2022: 18 May
- International Museum Day is observed annually on May 18, it is coordinated by the International Council of Museums.
- The 2022 theme of International Museum Day is "Power of Museums".
- The International Council of Museums has been organizing International Museum Day every year since 1977 for the museum community.
- The National Gallery of Modern Art has also organised special activities and programs to mark the celebration of Museum Day from May 16-20.
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