1. Cyril Ramaphosa re-elected as President of South Africa
African National Congress (ANC) won South African elections with the majority and secured 57.51 percent votes and Cyril Ramaphosa elected as South African President.
- Last year in February 2018, Cyril Ramaphosa elected as South African President after President Jacob Zuma resigned from the post due to charges of corruption
- This was the first time that African National Congress has got less than 60 percent votes in national polls.
About South Africa
- Capital: Cape Town, Pretoria, Bloemfontein
- Currency: South African Rand
2. China to host the 2023 Asian Cup
China has become the sole contender to host the Asian Cup Football tournament in 2023. The announcement came after South Korea has announced to withdraw its bid to host the game.
The Korea Football Association (KFA) announced that it had pulled out to strategically focus on a joint bid with North Korea to host the Women’s World Cup in the same year.
China’s interest to host
- In February 2013, China suggested interest in hosting the 2019 AFC Asian Cup. However, in September 2013, the CFA withdrew its bid.
- In late 2015, the CFA confirmed their intention to bid for the 2023 AFC Asian Cup. In March 2019 China had officially proposed to bid for the 2023 Asian Cup. China has previously hosted the 2004 Asian Cup.
About 2023 AFC Asian Cup
- The 2023 Asian Football Confederation (AFC) Asian Cup will be the 18th edition of the AFC Asian Cup. It is organized by the Asian Football Confederation (AFC). The tournament will involve 24 national teams.
3. Council of European Chambers of Commerce to honor Anil Kapoor for promoting Children Rights
Council of European Chambers of Commerce (CEUCC) in India and European Union(EU) delegation will felicitate Indian actor Anil Kapoor for Promoting Children’s Rights and his effort to protect the rights of girls in collaboration with Plan India and the European Union.
- Mr. Kapoor will be the Chief Guest for the celebrations. He will be accompanied by the EU Ambassador to India Tomasz Kozlowski, EU Member states Consuls and senior representatives from the European and Indian corporate world.
- The event will also demonstrate the emergence of Europe as the most favored destination for Indian filmmakers.
About the European Union:
- Capital: Brussels (De Facto Capital)
- Currency: Euro
4. Retired Justice Lokur appointed as a judge of SC of Fijis non-resident panel
The Retired judge of Indian Supreme Court Justice Madan B Lokur is appointed as a judge of Supreme Court of Fiji’s non-resident panel. He has been appointed in the new role for a period of three years.
- The Supreme Court of Fiji has three sessions in a year. Justice Lokur will join it for the session from August 15 to August 30, 2019.
- Justice Lokur was retired as a Supreme Court justice on December 31, 2018. It is likely that Justice Lokur received the offer from Chief Justice of the Fiji Supreme Court on the day of his retirement itself.
About Justice Lokur
- Justice Lokur became a judge of the Supreme Court on June 4, 2012. He enrolled as an advocate in July 1977 and practiced in the Delhi High Court and Supreme Court.
- He became an Advocate on Record in the Supreme Court in 1981 and was designated Senior Advocate in 1997. He was appointed Additional Solicitor General in 1998 and continue in that position until February 1999 when he became an Additional Judge of the Delhi High Court and made a permanent judge in July 1999.
- President: George Konrote
- Prime Minister: Frank Bainimarama
- Capital: Suva
- Currency: Fijian dollar (FJD)
5. Padmaja appointed as the next High Commissioner of India to the Republic of Nauru
Ministry of External Affairs, Government of India, announced the appointment of Ms. Padmaja as the next High Commissioner of India to the Republic of Nauru with residence in Suva.
- She is currently serving as the High Commissioner of India to the Republic of Fiji.
- She is set to take up her responsibility soon.
- Capital: No Official capital, but Government offices are located at Yaren District
- Currency: Australian Dollar
- President: Baron Waqa
6. World Telecommunication Day is observed on 17 May
World Telecommunication Day is celebrated annually on 17 May since 1969.
- It marks the founding of International Telecommunication Union (ITU) and the signing of the first International Telegraph Convention in 1865, Paris.
- It was instituted by the Plenipotentiary Conference in Malaga-Torremolinos in 1973.
The day is celebrated with a view to:
- stimulate reflection and exchanges of ideas on the theme adopted by the Council
- debate the various aspects with all partners in society
- formulate a report reflecting national discussions on the issues underlying the theme, to be fed back to ITU and the rest of its membership
- Setting standards is a fundamental pillar of ITU’s mission as the specialized agency of the United Nations for information and communication
- technologies (ICTs). ITU standards help accelerate ICTs for all Sustainable Development Goals.
The theme for 2019 is Bridging the standardization gap. The 2019 theme will allow ITU Membership and other key stakeholders to focus on the
- participation of developing countries in ITU’s standards-making process
- empowering local experts in the standardization process at the national, regional and international levels
- promoting the implementation of international standards in developing countries.
7. U.S. President Trump announced a merit-based immigration system
U.S. President Donald Trump on 16 May announced a merit-based immigration system from which foreigners, including hundreds and thousands of Indian professionals and skilled workers, waiting to get Green Cards or permanent legal residency stand to benefit. He made the announcement in his Rose Garden speech.
- This will include significant changes to the way green cards are allocated, by dramatically reducing the number of family-based green cards, and will reward, among other factors, education, skills, and English language proficiency.
- The plan with senior administration officials and influential Hill Republicans in attendance, sought to boost border security and tighten asylum procedures.
- The overall number of green cards, just over 1.1 million in 2017, will remain the same. Currently, about 12% of those receiving green cards entered the U.S. based on skill-based visas (such as the H1B), while some 66% are family-based green cards. The new proposal will increase skills-based green cards to 57%.
United States of America (USA)
- President: Donald Trump
- Vice President: Mike Pence
- No. of States: 50
- Capital: Washington, D.C.
- Currency: United States dollar ($) (USD)
- National language: English
- Washington DC was formerly known as District of Columbia.
8. World Hypertension Day is celebrated on 17th May
World Hypertension Day (WHD) is celebrated on 17th May. WHD was designated and initiated by the World Hypertension League (WHL). The day was initiated to increase the awareness of hypertension.
- This was especially important because of the lack of appropriate knowledge among hypertensive patients.
- The WHL launched its first WHD on May 14, 2005. Since 2006, the WHL has been dedicating May 17 of every year as WHD. The theme for World Hypertension Day 2019 is now Your Numbers. The theme is with a goal of increasing high blood pressure (BP) awareness in all populations around the world. In 2019, WHL in conjunction with the International Society of Hypertension (ISH) will also promote May Measurement Month (MMM).
World Hypertension League (WHL)
It was established in 1966. WHL an umbrella to organizations of 85 national hypertension societies and leagues.
9. RBI mandated Chief Risk Officers for all NBFCs
The Reserve Bank of India (RBI) has mandated all the Non-Banking Financial Company’s (NBFC) with a size of over Rs.5,000 crore to appoint Chief Risk Officers (CROs) with clearly specified roles and responsibilities.
- RBI said that with the increasing role of NBFCs in direct credit intermediation, there is a need for NBFCs to augment risk management practices.
- RBI’s move comes in the wake of ongoing rating downgrades of non-banks which has raised fears of another liquidity crisis.
CRO guidelines by RBI
- The CRO shall be a senior official in the hierarchy of an NBFC (non-banking finance company).
- They will possess adequate professional qualification/experience in the area of risk management.
- The CRO will be appointed for a fixed tenure with the approval of the board.
- Removal or transfer will need the board’s approval and has to be reported to the regulator.
- The CRO shall have direct reporting lines to the MD & CEO/ Risk Management Committee (RMC) of the Board.
- In case the CRO reports to the MD & CEO, the RMC/ Board shall meet the CRO without the presence of the MD & CEO, at least on a quarterly basis.
Non-Banking Financial Company (NBFC)
- NBFC is a company registered under the Companies Act, 1956 of India. It is engaged in the business of loans and advances, acquisition of shares, stock, bonds, hire-purchase insurance business or chit-fund business.
- It does not include any institution whose principal business includes agriculture, industrial activity or the sale, purchase or construction of the immovable property.
10. Sikkim Statehood Day – 16th May
Sikkim celebrated its 43rd statehood day. It was on May 16, 1975, that Sikkim had officially become a state under the Union of India and Kazi Lhendup Dorjee became its first chief minister.
Sikkim has the highest number of employees on the government payroll constituting about 14 percent of its population. It officially became the 22nd state of the country.
- Capital: Gangtok
- Chief Minister: Pawan Chamling