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Weekly Current Affairs May 2018: Week I

Published on May 07, 2018
The following article has complete current affairs in one-liner format for easy and quick revision. The link to download the PDF is also given so that you can take prints and read.

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.


  • 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”.

Important News- India

  • Dr. Manmohan Singh Launches Economist C H Hanumantha Rao’s Book.
  • India, Pakistan to Participate Together in SCO Counter-Terror Exercise – “Peace Mission-2018”.
  • Swachh Bharat Mission Launches GOBAR-DHAN.
  • According to Global Urban Air Pollution database released by World Health Organisation (WHO), 14 Indian cities have figured in list of world’s 20 most polluted cities.
  • 15th Pravasi Bharatiya Diwas to be held in Varanasi in January 2019.
  • National Committee to Commemorate 150th Birth Anniversary of Mahatma Gandhi.
  • National Digital Communications Policy 2018 – draft released by DoT.
  • The National Disaster Management Authority (NDMA) conducted a two-day national workshop on Data Requirements for Disaster Risk Reduction Database from 2-3 May 2018.
  • The Union Cabinet has approved doubling of investment limit from Rs 7.5 lakh to Rs 15 lakh under the Pradhan Mantri Vaya Vandana Yojana (PMVVY).
  • India is organizing a five-day cultural festival in Egypt to commemorate the 157th birth anniversary of Nobel laureate Rabindranath Tagore.
  • Multi-sectoral Development Programme to be Renamed as Pradhan Mantri Jan Vikas Karyakram.
  • Government Launches Pilot Scheme for Procurement of Aggregate Power of 2500 MW.
  • Government Releases Draft New Telecom Policy.
  • Telecom Commission Approves Proposal for In-Flight Mobile Services.
  • Government Announces Project to Strengthen Namami Gange Programme.

Business, Science and Technology

  • HDFC Unveils Advance Version of IRA 2.0 - Virtual Assistant EVA.
  • NASA to launch ‘Insight’ to study deep interiors of Mars.
  • Employees’ Provident Fund Organisation (EPFO) has launched View Pension Passbook Service for pensioners on Umang App.


  • LCA Tejas Successfully Fired an Air-to-Air BVR Missile.
  • Vijay Prahar Military Exercise Conducted in Rajasthan.
  • Pakistan Successfully Test-Fired Babur III.
  • Final Phase of Varuna Naval Exercise Conducted Between India and France.
  • India has joined the U.S. and China as one of the world’s five biggest military spenders.

Important News- States

  • Surat Railway Station to be 3rd in Country to Have ‘Airport Like’ Facilities.
  • Maharashtra is 1st State to Provide Digitally Signed Documents.
  • Haryana government has decided to adopt start up ranking framework issued by Department of Industrial Policy and Promotion (DIPP).
  • Vibrant North East 2018 held in Guwahati.
  • Pravasi Bharatiya Divas to Be Held in Varanasi.
  • 'Go to Village' Mission Launched in Manipur.
  • Sports News
  • Harendra Singh appointed as the Chief Coach for Indian Men’s Hockey Team.
  • India's Neeraj Goyat Is WBC Asia Boxer of the Year.
  • Mohamed Salah Named Writers' Footballer of the Year.
  • Lewis Hamilton Wins Azerbaijan Grand Prix 2018.
  • India’s CA Bhavani Devi Wins Silver at Satellite Fencing Championship.

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