Daily Current Affairs 3 May 2018: Your guide for daily General Knowledge Preparation

Dear Readers,

This post contains important current affairs of 3 May 2018. It includes all Major National, International, Business and Sports related current affairs of 3 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 3 May 2018 Current affairs test.

National News

1. Vibrant North East 2018

  • The event will be held in Guwahati.
  • It is aimed at disseminating information about schemes and grants of central govt.

2. Dalmia adopts a fortin AP

  • Dalmia Bharat Group has adopted Gandikota Fort under ‘Adopt a Heritage’ scheme.
  • Earlier, the group adopted Red Fort.

3. Sikkim to get an airport

  • The Pakyong airport will get India’s 100th functional airport.
  • Sikkim was the only state in India without an airport.

4. SC orders Karnataka to give Cauvery water

  • The SC asked Karnataka to release 4 TMC of water to Tamil Nadu.
  • Earlier in February, the apex court asked Karnataka to release 14.75 TMC.

International News

1. World Press Freedom Day observed

  • World Press Freedom Day was proclaimed by the UN General Assembly in December 1993, following the recommendation of UNESCO’s General Conference.2018 Theme: Keeping Power in Check: Media, Justice and The Rule of Law
  • The main event organised by UNESCO will take place in Accra, Ghana.

2. Trump nominated for Noble Peace Prize

  • Republican lawmakers mentioned this in a letter to the Norwegian Noble Committee.
  • Trump will be the 5th US President to be conferred with this honour.

3. Chinese drone company breaks record

  • EHang Egret flew 13-minute flight that involved 1,374 drones.
  • The earlier record was by Intel which flew 1,218 drones.

Business News

1. Cambridge Analytica shuts down

  • The UK firm is filing for insolvency in Britain and the US.
  • It is currently facing allegations for usage of Facebook users data in US Presidential elections.

2. Xiaomi files for biggest IPO

  • Though the numbers are not revealed, this is the biggest IPO since Alibaba in 2014.
  • Alibaba filed for $25-bn Initial Public Offering.

3. India among top military spenders

  • India is in the 5th position by spending $63.9 bn in 2017.
  • US, China, Saudi Arabia and Russia are in top 4 positions.

4. HCL Tech posted decline in net profit

  • The software services firm lost Rs.7,000 cr in market capitalisation.
  • Also, they posted a 9.8% decline in net profit at Rs.2,230 cr.

Sports News
1. DD win against RR

  • Delhi Daredevils won by 4 runs.
  • DD won 3 matches and RR lost 5 matches in this season.

2. FIFA proposes mini-WC every 2 years

  • The tournament will be called ‘Final 8’ and would commence in 2021.
  • Currently, Confederations Cup is held every 4 years.

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