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Current Affairs: May 5, 2018.
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Current Affairs for May 5, 2018.

Tina Malhotra is teaching live on Unacademy Plus

Tina Malhotra
Lawyer. A motivated person. Writer for a Blood Donation Society. Here to simplify the teaching process.

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  1. CURRENT AFFAIRS: MAY 5, 2018 BY TINA MAIHOTRA


  2. MO0CS 1. HRD The Ministry of Human Resource Development has launched a major and unique initiative of online professional development of 1.5 million higher education faculty using the MOOCs platform SWAYAM (study webs for active learning for young inspiring minds) 2. FIRST PHASE In the first phase, 75 discipline-specific National Resource Centres have been identified to prepare massive open online course 3. BENEFIT Faculty can benefit from this initiative as it is highly flexible and can be done at one's own pace and time. -professional development of faculty


  3. RBI 1. DATE SHARING WITH DRI The Reserve Bank of India has asked banks authorised to deal in foreign exchange (Authorised Dealer-l Banks) to share data with the Directorate of Revenue Intelligence (DRI) 2. NEW RULES -Under the new rules, in the case of inward remittances, the agency can seek information relating to a remittee's name, address, permanent account number (PAN), Goods and Service Tax Identification Number (GSTIN), Aadhaar number, bank account number and Indian Financial System Code (IFSC) as also remitter's details relating to name, address, and SWIFT- BIC (Society for Worldwide Interbank Financial Telecommunication Bank Identifier Code). -In the case of outward remittances, the agency can seek information relating to a remitter's name


  4. INDIA-SRI LANKA 1. SMUGGLING OF DRUGS India and Sri Lanka agreed on cooperation on exchange of information to tackle smuggling of drugs in both countries. 2. DECISION BY India's Narcotics Control Bureau (NCB) and Sri Lanka's Police Narcotics Bureau (PNB) on narcotics, drugs and psychotropic substances and related matters. 3. AREAS im smuggling of drugs in bohon recognised the challenging drug situation in regions identified useful areas for future cooperation


  5. PGCIL 1. MINISTRY OF POWER-PGCIL State-run Power Grid Corporation of India (PGCIL) has inked a pact with the Ministry of Power to incur capital expenditure of Rs.25,000 crore for the current fiscal. 2. TARGETS TO BE MET IN MOU -target for the year has been set as Rs.25,000 crore -parameters related to human resources, project management, research & development 3. SIGNING OF MOU The MoU was signed by Ajay Kumar Bhalla, Secretary, Ministry of Power and I S Jha, Chairman and and Managing Director.


  6. CHHATTISGARH 1. GENDER EQUALITY The Chhattisgarh government has decided to recruit transgenders in the police force 2. FIRST INDIAN STATE The state police have started conducting workshops to facilitate applications from transgenders. With this step, Chhattisgarh has become the first Indian state to do so. 3. IN LINE WITH SC ORDER In 2014, the Supreme Court declared transgender people as the third gender and ruled that they have equal privilege over the fundamental rights.


  7. SAARC 1. 12TH INFORMAL MEET The twelfth informal meeting of SAARC Finance Ministers was held in Manila, the capital of Philippines. 2. CHAIRED BY Finance Minister of Nepal Yuba Raj Khatiwada chaired the meeting. 3. EMPHASIS The need of concerted efforts to attain the objective of South Asian Economic Union as desired by the leaders of SAARC.


  8. GST COUNCIL 1. GOVT HOLDINOG The 27th meeting of the GST Council has approved that the GSTN will be converted into a government holding. 2. ACQUISITION The govt will acquire the 51% stake held by private entities and subsequently the central and the state governments will hold a 50% stake each in the entity. 3. CONSTITUTION OF A COMMITTEE The Council decided to constitute a committee of ministers who will consider the circumstances under which a commodities cost is more than its price and put forward its recommendations.


  9. DIWAS 1. PRAVASI DIWAS External Affairs Minister Sushma Swaraj declared the special event will be celebrated every alternate year. A series of sessions, pertaining to the event, will be held to mark its importance. 2. REASON -an attempt to engage and bring in line the interests of the Indians, living within and outside the country -Recognise the importance of Pravasi Bharatiya Divas 3. Until now, 10 sessions have been conducted in a build-up to next year's programme, which will be held in Varanasi in January