Daily Current Affairs 27 May 2018: Your guide for daily General Knowledge Preparation

Dear Readers,
This post contains important current affairs of 27 May 2018. It includes all Major National, International, Business and Sports related current affairs of 27 May 2018. A brief explanation of every current affair is provided to further enhance your general knowledge. Once you have gone through these current affairs we would recommend to you to try 27 May 2018 Current affairs test.

National News

1. I-T Dept releases 7 ITR forms

  • 7 ITR forms are introduced and activated for e-filing by taxpayers.
  • The new forms have provision for salaried employees to enter salary breakup.

2. PM Modi dedicates expressway to the nation

  • The Eastern Peripheral Expressway is India’s 1st green and smart highway.
  • It is powered by solar energy and has provisions for rainwater harvesting.

3. Mountain biking race at Sikkim

  • Sikkim administration is organising a race at 17,000 feet across 330 km.
  • The themes for the race are ‘Secure Himalayas’ and ‘Beti Bachao Beti Padhao’.

International News

1. Robot finds ship with treasure

  • REMUS 6000 has discovered a Spanish galleon ship that sunk in 1708.
  • It had gold, silver and emeralds that are worth $17 bn.

2. Qatar bans goods from 4 Arab nations

  • Qatar has banned goods from Saudi Arabia, UAE, Egypt and Bahrain.
  • This comes after the 4 countries severed all ties with Qatar after alleging the country of financing terrorist groups.

3. Ireland votes to overturn the ban on abortion

  • Earlier, abortion was allowed only if the mother’s life was in danger.
  • Illegal abortion is punishable up to 14 yrs of imprisonment.

Business News

1. Air India Express world’s second-cheapest airline

  • It has an average cost of $0.08/km.
  • Malaysia-based AirAsia X grabbed 1st with $0.07/km and Indigo s at 5th with $0.10/km.

2. Only 2 public sector banks post profits

  • Indian Bank and Vijaya Bank have posted profits for the March quarter.
  • Public sector banks lost Rs.53,000 cr in March quarter compared to Rs.4,302 cr in the same quarter last year.

3. India 3rd most targeted country for phishing scams

  • Phishing accounted for 48% of all cyber attacks.
  • The US, Canada and Brazil were the other top countries targeted by phishing.

Sports News

1. Makarova is the 1st winner at Roland Garros

  • Russian Ekaterina Makarova claimed the 1st win at the 2018 French Open.
  • She defeated Zheng Saisai.

2. China claim Thomas Cup

  • China’s men took home the Thomas Cup to compensate for their early exit in 2016.
  • They defeated Japan with 3-1.

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