Daily Current Affairs 7 May 2018

Daily Current Affairs 7 May 2018: Your guide for daily General Knowledge Preparation

Dear Readers,

This post contains important current affairs of 7 May 2018. It includes all Major National, International, Business and Sports related current affairs of 7 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 7 May 2018 Current affairs test.

National News

1. Delhi to host Festival of Bharat

The 6-day festival will be a tribute to India’s civilisation.
Grammy award winning artistes and prominent celebrities will attend the festival.

2. Skill India organized Mela in Bhubaneswar

The ‘Ajeevika and Kaushal Vikas Mela’ is organized in Bhubaneswar, Odisha.
About 5000 people from different walks of life participated in the Mela.

3. Govt launched informatics centre for water data

The centre will be a single source of data on water resources in India.
NWIC will collaborate with national and international institutes for technical support.

4. FMs of 6 states to meet

Finance Ministers from AP, Puducherry, West Bengal, Kerala and Punjab are attending the meet.
They will discuss about the Terms of Reference in 15th Finance Commission.

International News

1. China launches communication satellite

APSTAR-6C will provide TV transmission, communication services across the Asia-Pacific.
The satellite and rocket were developed by China Corporation.

2. Korean Unification Flag signed

It was signed by members of joint Korean women’s table tennis team.
The flag will be used in tournaments where unified Korean team participates.

3. Lebanon holds parliamentary elections

The voters are electing their govt for the first time in 9 yrs.
The Parliament elected in 2009 extended its term twice due to instability in neighbouring Syria.

4. Putin sworn-in as Russian President

Vladamir Putin sworn-in for the 4th time.
He won the elections with 76% of the votes.

Business News

1. RBI announced bond purchases

RBI will purchase Rs.10,000 cr of govt bonds.
This comes after RBI failed to sell all the debt it had offered to bidders.

2. ADB projects 7.3% growth for India in 2018

India will remain fastest growing nation with 7.6% growth for 2019-20.
India is currently the 6th largest economy in the world with GDP of $2.5 tn.

3. Patanjali makes bid for Ruchi Soya

Patanjali made the highest bid of around Rs.4000 to Rs.4500 cr.
Ruchi Soya owed Rs.12,000 cr to banks in 2017.

Sports News
1. India tops South Asian Junior Championship

India bagged 50 medals in the championship held at Colombo.
The juniors will next represent India in Asian Championship at Gifu, Japan.

2. Star Khel Mahakumbh launched in Himachal Pradesh

It will attract participation from 1 lakh youth across 5000 villages.
They will compete in volleyball, basketball, cricket, football, kabaddi and athletics .

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