Daily Current Affairs May 17

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May 17| Daily Current Affairs 2022

Important Days – Daily Current Affairs May 17

1. National Dengue Day is observed on?
A) May 12
B) May 11
C) May 16
D) May 13
E) May 14
Answer: C) May 16

• To spread awareness about the disease, National Dengue Day is observed every year on May 16.
• The National Dengue Day is an initiative of the Union Ministry of Health and Family Welfare.

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2. Which year is International year of Families?
A) 1994
B) 1990
C) 1996
D) 1998
E) 2000
Answer: A) 1994

• On May 15, the United Nations celebrates International Families Day at its headquarters and worldwide.
• In its resolution 44/82 of December 9, 1989, the United Nations General Assembly declared The International Year of the Family in 1994.
• The United Nations General Assembly said May 15 to be the International Day of Families every year in 1993.

Theme:

• “Families and Urbanization.”

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3. World Telecommunication Day is observed on?
A) May 13
B) May 16
C) May 15
D) May 14
E) May 17
Answer: E) May 17

• To highlight the critical role of these technologies, every year on May 17, World Telecommunication Day or World Telecommunication and Information Society Day is celebrated.
• Previously, the day was celebrated to mark the anniversary of the founding of the International Telecommunication Union (ITU) on May 17, 1865.
• For the first time, World Telecommunication Day was celebrated in 2005 when the World Summit on the Information Society called upon the United Nations General Assembly for declaring May 17 as World Information Society Day (WISD).
• Later in 2006, it was decided by the ITU in a Plenipotentiary Conference in Turkey’s Antalya to combine both celebrations as World Telecommunication and Information Society Day (WTISD).

Theme:

• “Digital Technologies for Older Persons and Healthy Ageing.”

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4. World Hypertension Day was first inaugurated on?
A) 2003
B) 2005
C) 2004
D) 2007
E) 2000
Answer: B) 2005

• World Hypertension Day is celebrated on May 17 every year.
• It is observed annually to raise awareness about the symptoms of hypertension.
• World Hypertension Day was first inaugurated in May 2005.

Theme:

• “Measure Your Blood Pressure Accurately, Control It, Live Longer.”

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Banking and Finance – Daily Current Affairs May 17

5. Who among the following allowed banks to lend to NBFCs for priority sector loans on an on-going basis?
A) DICGC
B) SEBI
C) SIDBI
D) RBI
E) Finance Ministry
Answer: D) RBI

• The Reserve Bank of India lending by scheduled commercial banks (SCBs) to non-banking finance companies (NBFCs) for the purpose of on-lending to priority sector loan (PSL) segments will be allowed on an on-going basis, as against the earlier deadline of March 31.
• The central bank has allowed small finance banks (SFB) to tag loans to microfinance institutions (MFIs) as PSL loans on an on-going basis as well.
• Priority sector lending refers to mandatory lending by banks to economically weaker sections.
• Commercial banks have to lend at least 40 percent of their loan to PSL category while SFBs are required to extend 75 percent of its Adjusted Net Bank Credit (ANBC) to the sectors eligible for classification as PSL by the Reserve Bank.
• Failure to meet this lending will attract penal charges.
• Out of the total 40 percent of their PSL target, banks will be allowed to fill 5 percent of their PSL target through this route, as per the RBI circular.
• SFBs, on the other hand, will be allowed to generate up to 10 percent of their PSL target through on-lending to MFIs.
• These limits shall be computed by averaging across four quarters of the financial year, to determine adherence to the prescribed cap.
• SFBs are allowed to lend to registered NBFC-MFIs and other MFIs which have a ‘gross loan portfolio’ (GLP) of up to ₹500 crore as on March 31 of the previous financial year, for the purpose of on-lending to priority sector.
• In case the GLP of the NBFC-MFIs/other MFIs exceeds the stipulated limit at a later date, all priority sector loans created prior to exceeding the GLP limit will continue to be classified by the SFBs as PSL till repayment/maturity, whichever is earlier.

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Business and Economy – Daily Current Affairs May 17

6. WPI inflation at record high of how many percent in April on price rise across all items?
A) 16.08%
B) 15.80%
C) 15.08%
D) 14.08%
E) 14.80%
Answer: C) 15.08%

• Wholesale price-based inflation soared to a record high of 15.08 percent in April mainly on account of spiraling prices of food, fuel, and other commodities, which may prompt the Reserve Bank to hike interest rates in the upcoming monetary policy review next month.
• The Wholesale Price Index (WPI) at 15.08 percent is the highest in the new series, the data for which is available since 2012-13.
• The WPI inflation has remained in double digits for the 13th consecutive month since April last year.
• The high rate of inflation in April 2022 was primarily due to a rise in prices of mineral oils, basic metals, crude petroleum & natural gas, food articles, non-food articles, food products, and chemicals & chemical products, etc. as compared to the corresponding month of the previous year.
• Inflation in food articles was 8.35 percent as prices of vegetables, wheat, fruits, and potato witnessed a sharp spike over the year-ago period.
• In the fuel and power basket, inflation was 38.66 percent, while in manufactured products and oilseeds, it was 10.85 percent and 16.10 percent, respectively.
• Inflation in crude petroleum and natural gas was 69.07 percent in April.
• Data released last week showed that retail inflation rose to a nearly eight-year high of 7.79 percent in April, remaining above the Reserve Bank’s inflation target for the fourth straight month.
• To tame stubbornly high inflation, the RBI earlier this month hiked its key interest rate by 0.40 percent and cash reserve ratio by 0.50 percent in a surprise move.

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Acquisitions and Mergers – Daily Current Affairs May 17

7. HDFC, HDFC Life insurance acquired stake in Xanadu Realty for how many crore?
A) Rs 1,000 crore
B) Rs 4,000 crore
C) Rs 5,000 crore
D) Rs 2,000 crore
E) Rs 3,000 crore
Answer: A) Rs 1,000 crore

• Housing Development Finance Corporation (HDFC) and its subsidiary HDFC Life Insurance Company has acquired a stake in a real estate business accelerator firm Xanadu Realty.
• The strategic investment for a significant minority stake values the firm at around Rs 1,000 crore pre-money, said persons familiar with the development.

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Appointments – Daily Current Affairs May 17

8. Hassan Sheikh Mohamud as new president for which country?
A) Kenya
B) Uganda
C) Ethiopia
D) Malawi
E) Somalia
Answer: E) Somalia

• Somali legislators have elected former leader Hassan Sheikh Mohamud as the country’s next president.
• Hassan Sheikh Mohamud, who served as Somalia’s president between 2012 and 2017.
• He succeeds Mohamed Abdullahi Mohamed.

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9. BSE appointed SS Mundra as Chairman,BSE founded year?
A) 1850
B) 1875
C) 1895
D) 1900
E) 1923
Answer: B) 1875

• Stock exchange BSE announced that its board at meeting held today has approved the appointment of S. S. Mundra, Public Interest Director as the Chairman of the board of directors of the company, subject to approval of SEBI.
• Currently on the Board of BSE, SubhashSheoratan or S.S. Mundra retired as Deputy Governor of Reserve Bank of India (RBI) on 30th July 2017 after completing a stint of three years.
• Prior to that, the last position held by him was as Chairman and Managing Director of Bank of Baroda from where he superannuated in July 2014.

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10. Maruti shareholders approve appointment of Hisashi Takeuchi as MD and CEO, headquarters of Maruti?
A) Bangalore
B) Patna
C) Kolkata
D) New Delhi
E) Lucknow
Answer: D) New Delhi

• The country’s largest carmaker Maruti Suzuki India (MSI) shareholders have approved the appointment of Hisashi Takeuchi as Managing Director and CEO and replaces Kenichi Ayukawa.
• The appointment of Kenichi Ayukawaas a whole-time Director designated as Executive Vice Chairman till September 30, 2022.

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International Affairs – Daily Current Affairs May 17

11. The world’s longest pedestrian suspension bridge just opened in the Czech Republic, what is the length of the bridge?
A) 2,365 feet
B) 2,356 feet
C) 2,563 feet
D) 2,536 feet
E) 2,653 feet
Answer: A) 2,365 feet

• The world’s longest suspended pedestrian bridge, Sky Bridge 721, just opened in the Czech Republic.
• It is 2,365 feet long and hangs 311 feet over a valley between two mountains, suspended by six main supporting ropes and 60 wind ropes.
• Take a look at the footbridge, which cost $8.4 million to build and can shake from the wind.

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12. President Kovind inaugurates street named after Ambedkar in which of the following country?
A) Bahamas
B) Saint Lucia
C) Jamaica
D) Barbados
E) Grenada
Answer: C) Jamaica

• President Ram Nath Kovind has inaugurated a street named in the honour of Dr B R Ambedkar here in the Jamaican capital and a monument highlighting the work of the architect of India’s Constitution.
• The newly-inaugurated avenue is the part of Tower Street in downtown Kingston, according to the Jamaica Information Service, a government agency responsible for disseminating information about government programmes, projects and services.

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National Affairs – Daily Current Affairs May 17

13. MoU signed how many croresfor the Chennai port-Maduravoyal elevated expressway project?
A) ₹5,858 crore
B) ₹5,585 crore
C) ₹5,588 crore
D) ₹5,855 crore
E) ₹5,885 crore
Answer: E) ₹5,885 crore

• A decade after the AIADMK government suspended the Chennai Port-Maduravoyal elevated expressway project citing environment and alignment issues, an MoU was signed to revive the project at a cost of ₹5,885 crore.
• The MoU was signed among the four stakeholders—Tamil Nadu Government; National Highways Authority of India, the Chennai Port Authority and Indian Navy in the presence of Tamil Nadu Chief Minister MK Stalin and Union Minister of State for Road Transport, Highways and Civil Aviation Vijay Kumar Singh.
• The foundation stone for the stalled 19-km Chennai Port-Maduravoyal Elevated Expressway was laid by former Prime Minister Manmohan Singh in 2009 at a cost of ₹1,468 crore.
• As per the revised plan, the 20.6 km corridor will be a double-decker one between Madurvoyal on the Chennai-Bengaluru highway and Napier Bridge, adjacent to Chennai port’s gate number in the heart of the city.

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14. Rays Experts to commission the world’s largest solar park in which of the following state?
A) Punjab
B) Rajasthan
C) Haryana
D) Assam
E) Uttar Pradesh
Answer: B) Rajasthan

• Rays Experts it will commission the world’s largest solar park in Rajasthan with a 3000 MW capacity.
• The 9000-acre solar park will be built in Bikaner, Rajasthan.
• It has signed the necessary transmission agreements and obtained all approvals for the same.
• This is the first and the only 100 percent privately owned Mega solar park in the country connected to the central transmission system.

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15. Which of the following stategovt to set up Centre for Fiscal Policy and Public Finance to implement ADB-backed plan?
A) Uttarkhand
B) Kerala
C) Karnataka
D) West Bengal
E) Andra Pradesh
Answer: D) West Bengal

• The West Bengal government will set up a Centre for Fiscal Policy and Public Finance under the Finance Department to implement the Asian Development Bank (ADB) supported reforms programme.
• The main purpose of this Centre would be to conduct research and studies for better resource mobilisation, public expenditure rationalisation and enhancement of efficiency in public expenditure management, debt sustainability analysis, debt management and related topics, a notification, recently issued by the state finance department.
• It will also study and capture, document and disseminate global and national best practices relating to good governance in various sectors of the national and state economy including social sector development.
• It will provide customised and focused training to government officials on macro-fiscal policies and public policy including public financial management.

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