1. Walmart Appointed Suresh Kumar as Chief Technology Officer
US-based retail chain Walmart appointed Suresh Kumar, an IIT Madras graduate, and former Google executive, as chief technology officer and chief development officer.
- The appointment comes at a time when Walmart is transforming its customer and associate experiences.
- He has 25 years of technology leadership experience, coming from Google, Microsoft, Amazon, and IBM.
- He has a unique understanding of the intersection of technology and retail, including supply chain, and has deep experience in advertising, cloud and machine learning.
- Founded: July 2, 1962;
- Founder: Sam Walton
- Headquarters: Bentonville, Arkansas, U.S.
- Chairman: Greg Penner
- President and Chairman: Doug McMillon
2. International Day of UN Peacekeepers observed
The International Day of United Nations Peacekeepers was observed on 29 May 2019.
- The objective is to pay tribute to the invaluable contribution by the uniformed and civilian personnel and to honour more than 3,800 peacekeepers who have lost their lives while rendering peacekeeping services.
- The theme this year is “Protecting Civilians, Protecting Peace”.
3. US removed India, Switzerland from its currency monitoring list
US Government removed India and Switzerland from its currency monitoring list. The monitoring list includes countries with potentially questionable foreign exchange policies and practices currency manipulation. It is prepared by the US Treasury Department. India had a significant trade surplus while Switzerland had a material current account surplus. In its semi-annual report to US Congress on International Economic and Exchange Rate Policies, the Treasury Department removed India and Switzerland from the list.
- Countries with a current-account surplus equivalent to 2% of the Gross Domestic Product(GDP) are eligible for the list, according to modifications made in the new list, down from 3% earlier.
- repeated intervention in the currency markets
- a trade surplus with the US of at least $20 billion
Why was India removed?
India was placed in the bi-annual currency watch list in October 2018. In 2018, there was a decline in the scale and frequency of foreign exchange purchases in Switzerland and India. Neither Switzerland nor India met the criteria for having engaged in persistent, one-sided intervention in either the October 2018 report or the recent report.
- India had met one out of three criteria which were necessary for inclusion on the monitoring list, a significant bilateral surplus with the US for two consecutive reports.
- India for the first time was placed by the US in its currency monitoring list of countries with potentially questionable foreign exchange policies in May 2018. As per the Report of October 2018, India had made improvements in this regard.
- The US Treasury Department reported that India maintains ample reserves according to the International Monetary Fund (IMF) metrics for reserve adequacy.
Countries in the list
- At present, the list includes 9 countries namely China, Japan, South Korea, Germany, Italy, Ireland, Singapore, Malaysia, and Vietnam.
- The US Treasury Department urged the Asian nations to take necessary steps to avoid a “persistently weak currency”.
About the USA
- President: Donald Trump
- Capital: Washington, DC
- Currency: US Dollar
4. International Everest Day: 29th May
International Everest Day was observed on 29 May.
- Nepalese Tenzing Norgay and New Zealand’s Edmund Hillary had climbed the Mt Everest on this day in 1953, as the first humans to achieve the feat.
- Nepal decided to observe the day as International Everest Day since 2008 when the legendary climber Hillary passed away.
- The day is celebrated with memorial events, processions, and special events in Kathmandu and the Everest region.
5. Zaidi wins USD 100,000 Nine Dots Prize
Mumbai-based Writer Annie Zaidi was announced as the 2019 winner of the $100,000 Nine Dots Prize, an award for creative thinking that tackles contemporary societal issues. She won the prize for her entry titled ‘Bread, Cement, Cactus’, a piece that combined memoir and reportage to explore concepts of home and belonging.
Her proposed book, based on the prize-winning essay, will be published in May 2020 and will examine how a citizen’s sense of home might collapse, or recover. The varied themes it will address include the politics and economics of death in India, the crossing of caste and religious lines in a marriage, and the Partition of India as a great cultural and emotional sundering.
- She is a freelance writer whose work includes reportage, essays, short stories, poetry, and plays.
- She has published both fiction and non-fiction, including a collection of essays Known Turf: Bantering with Bandits and Other True Tales and Love Stories # 1 to 14, a collection of short fiction published in 2012.
Nine Dots Prize
The Nine Dots Prize is sponsored by the Kadas Prize Foundation, a U.K.-registered charity, with support from the Centre for Research in the Arts, Social Sciences and Humanities (CRASSH) at the University of Cambridge and Cambridge University Press.
- It aims to promote, engage and encourage innovative thinking so as to address problems facing the modern world. The prestigious book prize is awarded for creative thinking that tackles contemporary societal issues. The winner receives US$100,000 to write a short book expanding on their ideas.
- Entrants are asked to answer the given question in 3,000 words. All entrants with a minimum of 18 years of age can write. Responses and the resulting book will be in English.
6. Record 78 women MPs elected to 17th Lok Sabha
Record 78 women candidates have been elected to the Lok Sabha in the recently held general elections.
- According to the Election Commission, the number has grown from the previous 62 women who were elected to the 16th Lok Sabha in 2014.
- In the country’s first general elections in 1951, twenty-four women were elected to the Lower House, and since then, the number has been increasing.
7. India’s first all-woman crew flies Mi – 17 V5 medium-lift helicopter
Three women officers of Indian Air Force were part of India’s first all-women crew to fly a medium-lift helicopter Mi-17 V5.
- Flight Lieutenant Parul Bhardwaj (Captain), Flying Officer Aman Nidhi (co-pilot) and Flight Lieutenant Hina Jaiswal (Flight Engineer) were three women IAF officers flew the chopper, which took off from a forward air base in South Western air command.
- All three women officers flew a Mi-1 7 V5 helicopter for Battle Inoculation Training mission.
- Under this mission, the helicopter had taken off and landed from restricted areas at a forward airbase in South Western air command.
- Flight Lieutenant Parul Bhardwaj became the first woman pilot to fly the Mi-17 V5.
- Flight Lieutenant Hina Jaiswal became the first woman flight engineer of the IAF.
- Flying officer Aman Nidhi from Jharkhand also became the first woman IAF pilot from the state.
About Indian Air Force
- Founded: 8 October 1932
- Commander-in-Chief: President Ram Nath Kovind
- Chief of the Air Staff (CAS): Air Chief Marshal Birender Singh
8. Goa celebrates its statehood day
Goa celebrates its statehood day on 30 May.
- It was on this day in 1987 Goa became the 25th state of the Indian Union.
- Before this, Goa, along with Daman and Diu, was a union territory.
- Capital: Panaji
- Rajya Sabha seats: 1
- Lok Sabha seats: 2
9. Chelsea clinched the UEFA Europa League 2019 Cup
Chelsea clinched the UEFA Europa League 2019 Cup by scoring four goals in a devastating second-half display to beat Arsenal 4-1 on 29 May at the Baku Olympic Stadium in Azerbaijan.
- It gave Italian manager Maurizio Sarri a major trophy in his first season in charge and Chelsea a first European title since the 2013 Europa League.
- The triumph in Baku means Chelsea have won three European titles in seven years, with the Champions League triumph in 2012 followed by their first Europa League victory in 2013.
- By contrast, Arsenal has lost five of their six major European finals, with their only victory coming in the 1994 Cup Winners’ Cup against Parma.
UEFA Europa League
- Founded: 1971
- Region: Europe (UEFA)
- Number of teams: 48
- Current champions: Chelsea
It is an annual football club competition organized by UEFA since 1971 for eligible European football clubs.
It is the second-tier competition of European club football, ranking below the UEFA Champions League.
10. May 28 observed as World Hunger Day
World Food Day is celebrated every year around the world on 16 October in honor of the date of the founding of the Food and Agriculture Organization of the United Nations in 1945.
The day is celebrated widely by many other organizations concerned with food security, including the World Food Programme and the International Fund for Agricultural Development.
The theme for World Hunger Day 2019 is Sustainability.
The main aim is to raise awareness of chronic hunger and celebrate the achievements of millions of people who are already taking actions to end their own hunger.
Hunger is not just about food. Hunger and poverty are inextricably linked to a nexus of issues including decent work opportunities, health, education, social justice, the rights of women and girls, the environment and climate change.
The Hunger Project uses an innovative, holistic approach that tackles all these issues and empowers people living in hunger to become the agents of their own development and lift their communities above the poverty line for good this is the sustainable end of poverty.