Weekly Current Affairs May 2018: Week 1st

Published on Monday, May 07, 2018
Weekly Current Affairs May 2018: Week 1st

Banking and Financial Awareness:

  • SEBI Tightens KYC Norms for FPIs clarifying that non-resident Indians (NRIs), overseas citizens of India (OCI) and resident Indians cannot be beneficial owners of FPIs. 
  • Core sector growth slows to 4.1% in March 2018.
  • GST Revenue collection in the month of April 2018 exceeds Rs. 1 Lakh Crore.


  • New DG of PIB (Press Information Bureau) – Sitanshu Ranjan Kar.
  • Subhash Chandra Appointed as the New Chairman of IRDA.
  • Vineet Joshi appointed 1st DG of NTA (National Testing Agency).
  • Radhakrishnan Nair appointed as Independent Director of ICICI Bank.
  • Justin Langer Appointed Head Coach of Australian Cricket Team.
  • Hockey India Appoints Harendra Singh as Chief Coach of Men's Team.
  • WhatsApp CEO Jan Koum Quits Facebook.

Honour, Awards and Ranks

  • Chandrapur and Ballarshah railway stations in Maharashtra have bagged the first prize in the "most beautiful" stations category of the Indian Railways.
  • Neeraj Goyat has been honoured with WBC Asia Boxer of the Year Award.
  • Legendary Singer Asha Bhosle Honored with PC Chandra Puraskaar.
  • India at 11th Spot in AT Kearney FDI Confidence Index 2018, USA Tops.


  • Former AIFF President P P Lakshaman passes away.
  • Eminent Economist Ashok Mitra Passes Away.
  • Renowned Artist-Philosopher Ravinder Sharma Passes Away.
  • MOU’s, Agreement and Summits
  • Maharashtra Govt. Signs MoU with British Council.
  • MoU Signed Between PHDCCI, Indian Yoga Association to Promote Yoga.
  • 9th India Japan Energy Dialogue was held in New Delhi.
  • NITI Aayog to Collaborate with IBM to Develop Precision Agriculture Using AI.
  • PGCIL Inks Pact with Power Ministry for Rs. 25,000 Crore Capex.
  • 12th Informal Meeting of SAARC Finance Ministers Held in Manila.

Important News- World

  • Venkaiah Naidu On 5-Day Visit to South America.
  • California Surpasses UK to Become World's 5th Largest Economy.
  • UK marketing analytics firm Cambridge Analytica, which has been at the heart of the Facebook data scandal, Shuts Down All Its Operations.
  • Dominican Republic Establishes Ties with China, Breaks with Taiwan.

Important Dates

  • 1st May – International Workers Day / Labour Day.
  • World Press Freedom Day – 3rd May, Theme is “Keeping Power in Check: Media, Justice and the Rule of Law”.

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