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Weekly Current Affairs May 2018: Week 4th

Published on 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.
Weekly Current Affairs May 2018: Week 4th


  • 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

Important News- India

  • NITI Aayog’s Venture Capital Symposium 2018 Held in New Delhi. 
  • The Commission for Scientific and Technical Terminology (CSTT) has decided to adopt the acronym "AYUSH" as a word for scientific and technical purposes. 
  • Workshop on Challenges and Opportunities of Arbitration in SAARC Region Held in New Delhi. 
  • The Indira Gandhi National Centre for the Arts (IGNCA) will organize a children’s theatre and personality development workshop from 21st May to 21st June, 2018 in New Delhi. 
  • According to the Centre of Disease Control and Prevention (CDC), Nipah virus infection is an emerging disease. 
  • Union Finance Ministry ties up with 40 companies to extend loans under MUDRA scheme. 
  • Workshop on ‘Ganga and its biodiversity: Developing a road map for habitat and Species conservation’. 
  • Union Govt. Releases Model Contract Farming Act 2018. 
  • Smart Cities Expo 2018 Started in New Delhi. 
  • The Union Cabinet has approved an ordinance to amend the Insolvency and Bankruptcy Code (IBC). 
  • Prakash Javadekar launches Samagra Shiksha scheme for school education. 
  • PMs of India and Bangladesh Inaugurate Bangla Bhavan in Shantiniketan. 
  • HRD Ministry Launches Samagra Shiksha Scheme. 
  • India to Achieve 9% Growth Rate by 2022: NITI Aayog. 
  • Government Notifies 8.55% Interest On PF for 2017-18. 
  • Sushant Singh Rajput to Promote 2 Major Initiatives of NITI Aayog. 

Business, Science and Technology

  • MCX Launches India's 1st Copper Options. 
  • MobiKwik Launches UPI On Platform, Offers Own VPA Handle. 
  • RIL Gets Green Nod for Rs 2,338 Cr Expansion Project in Maharashtra. 
  • India Successfully Test-Fires BrahMos Missile Along Odisha Coast. 


  • BrahMos Missile successfully test fired along Odisha coast. 
  • Navika Sagar Parikrama (INSV Tarini) – Indian Navy’s all-women crew completes circumnavigating around globe. 
  • Chhattisgarh to get ‘Black Panther’- specialized combat unit. 
  • The joint military exercise between India and Nepal will be conducted at Pithoragarh, Uttarakhand from 30th May to 12th June 2018. 
  • Indian Navy Commissions 4th Ship of Landing Craft Utility MK-IV. 
  • Minimum Compensation of Rs1 Crore to Paramilitary Jawan Who Dies In Action. 
  • Tamil Nadu to Build India’s Next Generation Defence Aircraft. 

Important News- States

  • Prime Minister Narendra Modi inaugurated the Zojila Tunnel in Jammu and Kashmir’s Leh district. 
  • 1st commercial flight of Arunachal Pradesh under UDAN scheme. 
  • Chief Minister Shivraj Singh Chouhan launched 'My MP Rojgar Portal' in Bhopal, Madhya Pradesh. 
  • Kishanganga Hydroelectric project inaugurated by PM Modi at J&K. 
  • India’s 1st National Sports University to set up in Manipur. 
  • Cabinet Approves (Universal Service Obligation Fund) USOF Scheme for Meghalaya. 
  • Kalinga Literary Festival 2018 to be held in Bhubaneshwar. 
  • PM Modi Lays Foundation Stone of Projects Worth Rs27,000 Crore in Jharkhand. 
  • Madhya Pradesh Launches 'My MP Rojgar Portal'. 
  • 9th Edition of ‘Rashtriya Sanskriti Mahotsav’ Inaugurated in Uttarakhand. 

Sports News

  • Japan Win Uber Cup to End 37-Year Drought. 
  • Archery World Cup Stage II 2018 Starts in Turkey. 
  • Tejaswini Strikes Gold at Munich Grand Prix. 
  • AB De Villiers Retires from International Cricket. 
  • Manika Batra, Mirabai Chanu Sign Up with IOS Sports. 
  • Bala Prasath Wins Formula Junior Racing Series 2018 Championship. 
  • Rafael Nadal Beats Zverev to Win Italian Open. 
  • South Korea Wins Asian Champions Trophy 2018. WHO, Russia Launch New Campaign for Football World Cup
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