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Weekly Current Affairs May 2018: Week 2nd

Published on May 14, 2018

Banking and Financial Awareness:

  • YES Bank Set to Launch Water-Security Programme.
  • RBI Announced Rs10,000 Crore Bond Purchases.


  • Mahathir Mohamad was sworn in as Prime Minister of Malaysia.
  • FB Appoints Product Exec Chris Daniels to Take Over WhatsApp.
  • Nikol Pashinyan Becomes Prime Minister of Armenia.
  • Google Names Nitin Bawankule Head of India Cloud Business.
  • New York Attorney General Eric Schneiderman Resigns.
  • Vladimir Putin Sworn-In as Russian President for 4th Term.

Honour, Awards and Ranks

  • The Swedish Academy that awards the Nobel Prize for literature has announced that they will not give out an award this year.
  • FDI Confidence Index 2018 – India ranked 11th.
  • India ranks 4th in Asia Pacific on Power Index.
  • Prof Muhammad Yunus Conferred KISS Humanitarian Award 2018.
  • Nisha Bhalla Conferred with 'WEF 2018' Award.
  • Business Optimism Index: India Ranks 6th, Austria Tops.
  • India Fastest Growing Economy at 7.4% In 2018: IMF.
  • Forbes Most Powerful People in The World: PM Modi 9th, Xi Jinping Tops.


  • Oscar-Winning Film Editor Anne V. Coates Passes Away.
  • Renowned Marathi Singer Arun Date Passes Away.

MOU’s, Agreement and Summits

  • 12th Informal Meeting of SAARC Finance Ministers held in Manila.
  • Google to Grant $3 million for e - learning, Teachers in India.
  • India to host 15th Asia Media Summit.
  • The 19th edition of TOONZ Animation Masters Summit 2018 was held in Thiruvananthapuram, Kerala.
  • India and Guatemala sign MoU to cooperate in diplomatic training.
  • MoU signed between Ministry of MSME and NSIC.
  • Gujarat-Poland Sign MoU On Organizing Independence Centenary.
  • Venkaiah Naidu 3-Nation Visit: India, Panama Sign 2 Agreements.
  • NSIC Inks MoU with MSME Ministry for FY 2018-19.
  • Venkaiah Naidu 3-Nation Visit: India, Guatemala Sign Agreement in Education Sector.
  • NITI Aayog, Google Sign SoI to Help Grow AI Ecosystem in India.
  • India Signs USD200 Million Loan Deal with World Bank for National Nutrition Mission.
  • CBDT Approves Amendment of India-Kuwait Tax Agreement.
  • Customs and Postal Department Hold 1st Ever Joint Conference.
  • India, Sri Lanka Agree On Information Exchange for Drug Control.
  • SCO Tourism Ministers’ Conference Held in China.
  • Beijing to Hold World Robot Conference.
  • U.S.- India Aviation Summit Held in Mumbai.

Important News- World

  • Jaipur Foot is a world famous and most widely used artificial limb which will be exhibited at the United Nations headquarters in New York.
  • Israel Withdraws from Race for UN Security Council Seat.
  • USA Withdraws from Iran Nuclear Deal.
  • NASA, Uber Team Up to Make Flying Cars a Reality.

Important Dates

  • International No Diet Day is celebrated each year on 6th May.
  • BRO (Border Roads Organization) celebrates 58th Raising Day.
  • 8th May – World Red Cross and Red Crescent Day. The theme of World Red Cross Day 2018 is “Memorable smiles from around the world”.
  • International Nurses Day: 12 May. the theme “Nurses A Voice to Lead – Health is a Human right”.
  • National Technology Day: 11 May. theme is “Science and Technology for a Sustainable Future”.

Important News- India

  • Exhibition on Indian Civilization inaugurated in New Delhi.
  • National Mission for Clean Ganga Approved.
  • NITI Aayog and IBM Join Hands to Develop AI Based Precision Farming.
  • Cochlear Implant Awareness Programme Organized in Haryana.
  • GST Council approves simplified tax return filling systems.
  • 3rd Edition of UNPCAP conducted in New Delhi.
  • India signs $200 million loan agreement with World Bank for POSHAN Abhiyaan.
  • Additional 100 One Stop Centres to be set up for women safety.
  • International Children Theatre festival to be held in Kolkata.
  • Ravi Shankar Prasad Launches Website of Digital India Internship Scheme.
  • TRAI Releases Draft of Telecom Interconnection Regulations.
  • India Pavilion Inaugurated at Cannes Film Festival 2018.
  • Ravi Shankar Prasad Launches Website of Digital India Internship Scheme.
  • 3rd Edition of UNPCAP Inaugurated in New Delhi.
  • Indian Tea Industry Records Highest Ever Production, Export in FY18.
  • Finished Steel Exports Increased by 16.7% In 2017-18.
  • General Bipin Rawat, Chief of Army the Staff released the book 'Across the Bench - Insight into the Indian Military Judicial System' by Lt Gen Gyan Bhushan.
  • India Pavilion Inaugurated at Cannes Film Festival 2018.

Business, Science and Technology

  • Gravity RAT, a malware allegedly designed by Pakistani hackers, has recently been updated further and equipped with anti-malware evasion capabilities.
  • China's Alibaba Buys Pakistan E-Commerce Firm Daraz.
  • Walmart Buys Flipkart in World's Largest E-Commerce Deal.
  • Google Names Nitin Bawankule Head of India Cloud Business.
  • SpaceX Launches Most Powerful Falcon 9 Rocket.
  • China Launched Gaofen-5 To Monitor Air Pollution.
  • ISRO Develops Atomic Clock for Indigenous Navigation Satellites.
  • Google Officially Launches Things, Its IoT Platform.


  • Vijay Prahar Exercise of Indian Army Concludes in Rajasthan.
  • President Ram Nath Kovind, 2nd President to Visits Army Base in Siachen.

Important News- States

  • 'Go to Village' Launched by Manipur CM.
  • First Organized Census of Indus Dolphins in Punjab.
  • First Apex Conference for the CEOs of Smart Cities ‘in Bhopal.
  • Telangana Government Launches Rythu Bandhu Scheme for Farmers.
  • CM Pema Khandu Inaugurates Arunachal Pradesh’s Biggest Solar Plant.
  • Madhya Pradesh Launches India’s 1st ICCC for Its Smart Cities.

Sports News

  • India finished on top at the 3rd edition of South Asian Junior Athletics Championship.
  • 3rd South Asian Junior Athletics Championships: India Tops with 50 Medals.

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