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Weekly Current Affairs May 2018: Week 4th

Published on Monday, May 28, 2018

Banking and Financial Awareness:

  • SIDBI to Extend Direct Funding Facility to VLEs in CSCs.
  • Bank of Baroda Locates Major Operations at GIFT City.
  • SBI Reports Loss of Rs. 7,718 Crore in March Quarter.
  • RBI Slaps Rs5-Cr Penalty On South Indian Bank.


  • Amit Khare to be Appointed as New I&B Secretary.
  • Rajinder Singh Appointed as New Hockey India President.
  • Justice C K Prasad Likely to Become PCI Chief for 2nd Time.
  • The New York Stock Exchange (NYSE) has promoted Stacey Cunningham to President, making her the first sole woman head of the 226-year-old exchange.
  • Ganeshi Lal and Kummanam Rajasekharan were appointed as Governors of Odisha and Mizoram.
  • Airtel Payments Bank Appoints Anubrata Biswas as MD and CEO.
  • Barbados Elects Mia Mottley as 1st Female Prime Minister.
  • HD Kumaraswamy Took Oath as New Karnataka CM.
  • Pravin Agrawal Appointed BHEL Director.
  • Venezuela's President Maduro Wins Re-Election.
  • Anil Kumar Jha Appointed CMD of Coal India.

Honour, Awards and Ranks

  • India:6th Wealthiest Country as per AfrAsia Bank Global Wealth Migration Review 2018.
  • Man Booker International Prize for English translation of ‘Flights.
  • As per the annual rankings compiled by International Institute for Management Development (IMD), India ranks 44th.
  • INSV Tarini Team Conferred Nari Shakti Puraskar 2017.
  • CSIR Bags Clarivate Analytics India Innovation Award 2018.
  • Lionel Messi Wins European Golden Shoe for The 5th Time.
  • Prajnesh Gunneswaran Wins T.K. Ramanathan Award for 2017-18.
  • India Stands 44th In Competitive Rankings, USA Tops.
  • India 145th In Healthcare Access, Quality, Iceland Tops, according to a Lancet study.
  • India’s Q4 GDP Growth Likely at 7.4%: ICRA Report.


  • Alan Bean, 4th Man to Walk On the Moon Died.
  • Telugu Writer Yaddanapudi Sulochana Rani Passes Away.

MOU’s, Agreement and Summits

  • NITI Aayog has signed a Statement of Intent (SoI) with ABB to make India Artificial Intelligence ready.
  • PM of Netherlands Inaugurates Indo-Dutch Ganga Forum.
  • 5th India CLMV Business Conclave Held in Cambodia.
  • PM Modi Leaves for Sochi for Informal Summit with Russian President.
  • Finance Ministry Ties Up with 40 Companies Under Mudra Scheme.
  • Ministry of Railway & Rail Vikas Nigam Limited Sign MoU.
  • Mission Innovation Ministerial Meeting Held in Sweden.
  • Prime Minister Modi Chairs 26th Pragati Interaction.

Important News- World

  • 1st Floating Nuclear Power Plant Unveiled by Russia.
  • According to an analysis by the National Crime Agency (NCA), Pakistan has been identified among three main source countries for money laundering in the UK.
  • Indo-Dutch Ganga Forum Inaugurated by the PM of Netherlands.
  • Mission Innovation (MI) Ministerial Held at Malmo, Sweden.
  • Nepal -1st country in South East Asia to eliminate Trachoma.
  • SCO Regional Anti-Terrorist Structure (RATS) meeting held in Pakistan.
  • Netherlands PM Mark Rutte Arrives in India.
  • Air Chief Marshal BS Dhanoa On 4-Day Visit to Israel.

Important Dates

  • The International Day for Biological Diversity is celebrated annually on May 22.
  • The theme is “Celebrating 25 Years of Action for Biodiversity”.
  • Anti-Terrorism Day: 21 May

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