Current Affairs 17th May 2019 | Daily GK Update

Dear Aspirants,

The General Awareness Section plays an important role in scoring well above cut off marks in any competitive exam. The Banking Awareness and Static Awareness questions asked in the General Awareness Section are based on Current Affairs mainly. So you need to prepare well this section to score good marks. Here is the Daily GK Update to get you acquainted with the top events that made the headlines today!

Daily-GK-Update

National News


1. NSG Commandos Summit Mount Everest In Maiden Attempt


i. Commandos of the premier counter-terror force National Security Guard (NSG) created history as they scaled the Mount Everest (world's highest peak) in their maiden attempt. 
ii. A seven-member team of NSG, led by Lt Col J P Kumar, successfully unfurled the Indian flag at the 8,848-metre tall peak. 

Static/Current Takeaways Important For LIC AAO Mains 2019:
  • A bill for the creation of NSG was introduced in the parliament in August 1986.
  • It received the assent of the President on September 22, 1986, and it formally came into being from that date.
  • Sudeep Lakhtakia is the Director General of NSG.

International News


2. Donald Trump Unveils Merit-Based Immigration System


i. US President Donald Trump has rolled out 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. 
ii. As per the proposed system, permanent legal residency would be given based on points for their age, knowledge, job opportunities and civic sense. The proposals significantly increase the quota for skilled workers from the existing nearly 12% to 57%.

Static/Current Takeaways Important For LIC AAO Mains 2019:
  • Washington DC is the capital city of the USA.
  • Washington DC was formerly known as District of Columbia.
3. Taiwan Becomes First Country In Asia To Legalise Same-Sex Marriage


i. Taiwan has approved a bill legalizing same-sex marriage, a landmark decision that makes the self-ruled island the first place in Asia to pass gay marriage legislation. 
ii. The successful bill includes limited adoption rights for same-sex couples.

4. Saudi Arabia Approves Permanent Residency For First Time


i. The Saudi government has approved for the first time a scheme that gives permanent residency to certain expatriates, allowing them to own real estate in the kingdom and reside with their families without a Saudi sponsor.
ii. The "Privileged Iqama" system will offer a permanent residence scheme and one that can be renewed annually to highly skilled expatriates and owners of capital funds.

Static/Current Takeaways Important for LIC AAO Exam:
  • Saudi Arabia Capital: Riyadh, Currency: Saudi riyal.

Appointments


5. Ujjivan Small Finance Bank Appoints Nitin Chugh As Next MD and CEO


i. Ujjivan Small Finance Bank Limited has appointed Nitin Chugh as its next Managing Director and Chief Executive Officer (CEO) from December 1, 2019.
ii. Bank’s current MD and CEO, Samit Ghosh is retiring on November 30, 2019. The bank has received the approval of its application for Chugh's appointment, from the Reserve Bank of India. 


6. Jeffrey Rosen Confirmed As US' Next Deputy Attorney General


i. Jeffrey Rosen was confirmed as the United States' latest deputy attorney general by the US Senate after his predecessor, Rod Rosenstein, left the department.
ii. Rosenstein oversaw Special Counsel Robert Mueller's investigations into Russian collusion in the 2016 Presidential elections, before stepping down from his post in April.


Business News


7. IBM Garage To Co-Create AI-based Automation Solutions With HDFC ERGO


i. IBM India has tied-up with HDFC ERGO General Insurance Company, India's third-largest non-life insurance provider in the private sector, to co-create new Artificial Intelligence (AI)-based solutions.
ii. Leveraging IBM Garage that uses data-driven insights to develop end-to-end strategies and solutions for business transformation, teams from HDFC ERGO and IBM Services will work together to develop and test new solutions. 


8. BSE Launches BSE StAR MF App For Its Mutual Fund Platform 


i. Leading stock exchange BSE has launched ‘BSE StAR MF’ app to enable more participation and help mutual fund distributors process transactions faster.
ii. As per the BSE, this mobile app supports real-time client registration and paperless transactions, creates and uploads mandate for SIPs, generates the basket of multiple orders, tracks and allows the distributor to analyse his business at his fingertips.

Static/Current Takeaways Important for LIC AAO Exam:
  • BSE MD & CEO: Ashishkumar Chauhan.

Important Days

9. International Day of Light: 16 May


i. May 16th is celebrated globally as the International Day of Light. 2019 marks the global celebration of the second edition of the event.
ii. It is an official observance of UNESCO that provides an annual focal point for the continued appreciation of light and the role it plays in science, culture, and art, education, sustainable development, communications, and energy.


10. World Telecommunication and Information Society Day: 17th May


i. World Telecommunication & Information Society Day is observed all over the world on 17th May. 
ii. The theme forWorld Telecommunication & Information Society Day 2019 is 'Bridging the Standardization Gap'.

Static/Current Takeaways Important For LIC AAO Mains 2019:
  • 17th May also marks the anniversary of the signing of the first International Telegraph Convention and the creation of the International Telecommunication Union.

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