Daily Current Affairs Today 5 May 2017

Important Current Affairs 2017 for Bank Exams SBI & IBPS,SSC, Railway, IAS, UPSC, Insurance and other Competitive Exams
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Current Affairs Today 5 May 2017 : You daily guide for General Knowledge Preparation

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This article, Current Affairs Today 5 May 2017, includes all Major National, International, Business, and Sports events. A brief explanation of every current affair is provided to further enhance your general knowledge. Once you have gone through this article, that is, Current Affairs Today 5 May 2017, we would recommend to you to try 5 May 2017 Current affairs test.

National News
1. More power to RBI to crack down on bank NPAs
• President Pranab Mukherjee has signed on an ordinance to amend the Banking Regulation Act of 1949
• The amendment will give RBI the power to issue directions to banks to recover dues from loan defaulters
• The total stressed assets in the banking system are estimated to be ₹14 lakh crore.
• The RBI is expected to issue issue guidelines within a week to banks on resolving their bad loan accounts in a specified time frame through various strategies.
• Governor of RBI – Urjit Patel
• RBI was formed in – 1 April 1935, Kolkata

2. Maharajas’ Express to run on two more routes.
• IRCTC’s luxury train Maharajas’ Express will run on two more routes from September.
• The packages named ‘Southern Sojourn’ and ‘Southern Jewels’ will cover destinations in west and south India.
• The Southern Sojourn will cover Goa, Hampi, Mysore, Ernakulum, Kumarakom and Thiruvananthapuram.
• The Southern Jewel will cover Chettinad, Mahabalipuram, Mysore Hampi and Goa.
• Full Form of IRCTC – Indian Railway Catering and Tourism Corporation Limited.

3. ISRO successfully launches South Asia satellite
• ISRO successfully launched GSAT-9 also known as theSouth Asiasatellitefrom Sriharikota, Andhra Pradesh
• The South Asia satellite is funded entirely by India, was announced several years ago with the intention of serving all eight members of the SAARC
• The satellite costs 235 crore
• It will provide communication, disaster management support, and connectivity to South Asian countries except Pakistan
• Full Form of SAARC – South Asian Association for Regional Cooperation
• Headquarters of SAARC – Kathmandu, Nepal

4. Government launches Tarang Sanchar Web Portal to check radiation level
• Tarang Sanchar Web Portal will give information to the public regarding Electro Magnetic Fields (EMF) signals
• It will allow user to check radiation emitted form tower or base station
• It will ease misconceptions about EMF emissions from mobile towers.
• Manoj Sinha is the telecom minister

5. Shivpal Yadav announces new political party
• Shivpal Singh Yadav (Samajwadi Party leader) has declared that he is forming his own political party, to be named as “Samajwadi Secular Morcha”
• Chief Minister of Uttar Pradesh – Yogi Adityanath
• Capital of Uttar Pradesh – Lucknow

International News
1. Australia to sell Kesar variety of Indian mangoes for first time.
• For the first time, Australia will sell Kesar variety of Indian mangoes with the inaugural consignment of nearly 400 trays landing in Sydney
• Prime Minister of Australia – Malcolm Turnbull

2. Pakistan International Airlines will suspend flight between Mumbai and Karachi.
• Pakistan Airlines is planning to suspend services because of deteriorating India-Pakistan relations.
• No Indian airlines flies to Pakistan
• Capital of Pakistan – Islamabad

3. First Chinese built passenger jet completes its maiden flight
• The C919 is a twin-engine airliner which designed to compete with the Airbus 320 and Boeing 737
• The jet took off from Shanghai’s Pudong International airport and landed back there again 80 minutes.
• It is manufactured by Comac

Business News
1. Quikr acquires home services start-up Zimmber.
• Quikrhas acquired home services start-up Zimmber for about $10 million in an all-stock deal
• Zimmber is Quikr’s fourth acquisition in the home services vertical in the last 12 months
• CEO of Quikr – PranayChulet

2. Jeff Bezos sells about $1 billion in company stock
• This comes a month after Bezos said he would spend that amount annually on his space exploration startup Blue Origin
• Jeff Bezos is world’s third-richest person
• CEO of Amazon – Jeff Bezos

3. Facebook launches its Express Wi-Fi commercially in India
• Facebook announced its partnership with Airtel to launch 20,000 new Express Wi-Fi by Facebook hotspots across the country
• This service is now available via 700 hotspots across four states – Uttarakhand, Gujarat, Rajasthan and Meghalaya.
• CEO of Facebook – Mark Zuckerberg.

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