Weekly Current Affairs May 2018 (Week-I)

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.

Appointments

• 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.

Obituary

• 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”.