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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