Current Affairs Daily Digest – May 26 2019
1. Pacific Vanguard naval exercise began near Guam
Pacific Vanguard naval exercise began near Guam. The United States, Japan, South Korea, and Australia have kicked off first-of-its-kind naval drills near Guam on May 23.The Pacific Vanguard exercise brings together more than 3,000 sailors from the four countries to sharpen skills and strengthen practical cooperation at sea.
2. Adani to set up container terminal in Myanmar
Adani to set up container terminal in Myanmar. Adani Ports & Special Economic Zone signed an agreement to develop and operate a container terminal at Yangon Port in Myanmar. It will act as a network point to feed into our upcoming transshipment hub at Vizhinjam. The proposed container terminal will be integrated with our Ports/Terminals along the east and south coast of India, unlocking synergies by offering multiple entry/exit points for the shipping lines which wish to call on this region.
The project site is located at city cluster & inner harbor of Yangon Port. The site is ideally placed to serve the traffic from industries surrounding the city with adequate storage and good evacuation channel for the port.
3. BCCI Elections to be held on October 22
BCCI Elections to be held on October 22. The Committee of Administrators(CoA) announced that the much-awaited elections for a new body of the Board of Control for Cricket in India (BCCI) will be held on October 22. The CoA was appointed by the Supreme Court in January 2017 to oversee the sweeping reforms recommended by the Lodha panel. The deadline to hold state elections was set at September 14.
4. Filmmaker and Film Historian Vijaya Mulay Passed Away
Filmmaker and Film Historian Vijaya Mulay Passed Away. Vijaya Mulay is best known for her 1974 film Ek Anek Aur Ekta, which won the National Film Award for Best Educational Film. Mulay founded the Delhi Film Society in 1959, and later on became a joint secretary of the Federation of Film Societies. In 2002, Vijaya Mulay was honoured with the prestigious V Shantaram Award for her work in documentary filmmaking.
5. Four new Supreme Court judges were sworn in making a strength of 31 judges
Four new Supreme Court judges were sworn in making a strength of 31 judges. Four new Supreme Court judges were sworn in, raising the number of judges to the full sanctioned strength of 31. Justices Aniruddha Bose, AS Bopanna, Bhushan Ramkrishna Gavai and Surya Kant were administered the oath of office by Chief Justice Ranjan Gogoi.
With this, the apex court attained its approved total strength of 31 judges. The five-member Collegium, headed by Justice Gogoi, had earlier this month overruled the Centre’s objection to the appointment of Justice Bose of the Jharkhand High Court and Justice Bopanna of the Gauhati High Court.
6. WhatsApp to put ads on Status in 2020, confirms Facebook
WhatsApp to put ads on Status in 2020, confirms Facebook. WhatsApp Status will start displaying ads from 2020, the messaging platform’s parent firm Facebook has confirmed. It added its already monetized WhatsApp Business app will get richer messaging formats, including viewing text alongside image or PDF in a single message.
Notably, WhatsApp Co-founders Brian Acton and Jan Koum had left after disagreements with Facebook over monetising it.
7. NewSpace India Limited: ISRO’s new Commercial Arm
The Indian Space Research Organisation’s (ISRO) new commercial arm called NewSpace India Limited (NSIL) was officially inaugurated in Bengaluru. on 6 March 2019, the Department of Space (DoS) registered its second commercial entity called NSIL in ISRO. The first commercial venture of DoS was Antrix Corporation Limited, which was set up in September 1992 to market products and services of Indian Space Research Organisation (ISRO).
8. RBI proposes Guidelines for Large NBFC
The Reserve Bank of India (RBI) released a draft circular titled ‘Liquidity Risk Management Framework for NBFCs and Core Investment Companies (CICs). RBI after analysing recent developments in NBFC sector proposed a set of guidelines for large Non-Banking Financial Companies (NBFCs) to help them deal with severe liquidity problems and to prevent re-occurrence of IL&FS type of debt crisis. The RBI has invited stakeholder comments on draft by June 14.
9. SpaceX successfully launches, deploys 60 internet satellites
SpaceX successfully launches, deploys 60 internet satellites. SpaceX sent a packed rocket of 60 satellites into space. The launch was the heaviest payload a Falcon 9 rocket has ever launched.The satellites represent the company’s ambitious plan to build an interconnected satellite network to beam high-speed internet to anywhere on the planet.
The Falcon 9 rocket launched from the company’s pad in Cape Canaveral, Florida. SpaceX deployed the 60 Starlink satellites in a “very low Earth orbit” of 440 kilometers above the surface. The full Starlink network would consist of 11,943 satellites flying close to the planet, closer than the International Space Station.
10. Narendra Modi to take oath as Prime Minister at 7 pm on May 30
Narendra Modi will take oath as the Prime Minister for a second straight term at 7 pm on May 30 (Thursday). The members of Union Council of Ministers will also be sworn in along with Modi at the Rashtrapati Bhavan. The BJP-led NDA won 353 out of 542 Lok Sabha seats that were contested in the elections.
11. Bayern Munich beat Leipzig 3-0 to lift German Cup
Bayern Munich completed a domestic double after beating Leipzig 3-0 in the German Cup final on Saturday. Bayern’s Arjen Robben and Franck Ribery went on late to make their last appearances for Bayern after representing the club for 10 and 12 seasons respectively. Ribery became the only player to play in eight German Cup finals.