Daily Current Affairs 27th May, 2018

Daily Current Affairs 27 May 2018 for Banking/Insurance/SSC and other related exams.

NATIONAL NEWS

PM Modi launches Eastern Peripheral Expressway in Baghpat

Prime Minister Narendra Modi inaugurated the Kundli-Ghaziabad-Palwal (KGP) expressway, also known as the Eastern Peripheral Expressway (EPE) at the District Sports stadium in Baghpat, Uttar Pradesh.

• The 135-km EPE is India’s first smart and green highway and is built at a cost of Rs. 11,000 crore.
• It is also the country’s first highway to be lit by solar power and at every 500 metres, the arrangement of rainwater harvesting has been done on both sides of the expressway.
• The Delhi-Meerut expressway stretches from Nizamuddin Bridge in Delhi to Delhi-UP Border.
• The 14-lane highway will reduce the travel time between the two cities to only 45 minutes from the present four to five hours.

E-Way Bill System For Intra-State Goods Movement Comes Into Force In Seven More States, UTs

E-Way Bill system for intra-State movement of goods will be implemented in seven more states and Union Territories from 27th May 2018. The States are Maharashtra, Manipur, Chandigarh, Andaman and Nicobar Islands, Dadra and Nagar Haveli, Daman and Diu and Lakshadweep.

• With this, the number of States, where the system is being implemented, will go up to 27. As per the decision of the GST Council, e-Way Bill system has been rolled out from 1st of April this year.

Telangana Government announces unique life insurance scheme for farmers

Telangana government has announced a unique life insurance scheme for farmers. Under the scheme, the government will provide life insurance facility of five lakh rupees to the nominee, after the death of the insured farmer.

• The entire premium will be paid by the government to the insurance agency and the nominee will get the amount within ten days of the claim after the death of the farmer. the dependent family will get the benefit irrespective of the reason for the death of the farmer.
• Life Insurance Corporation India will implement the scheme.
• The farmers in the age group of 18 to 60 are eligible to enroll their names to get benefit from it.
• The scheme will come into force from 15th of August this year.

Akshay kumar launches twin pit toilet technology campaign in New Delhi

Film actor Akshay kumar launched the twin pit toilet technology campaign in New Delhi. Mr Kumar said, the real challenge in the society is to fight the age old mentality revolving around sanitation and cleanliness. The actor appealed everybody to spread the awareness on the issue and make the cleanliness drive more effective.

INTERNATIONAL NEWS

Ireland votes for change; legalises abortion

Ireland has voted by a landslide to legalise abortion in a stunning outcome that marks a dramatic defeat for the Catholic church’s one-time domination of the Republic.

• The Irish electorate voted by 1,429,981 votes to 723,632 in favour of abolishing a controversial constitutional amendment that gave equal legal status to the lives of a foetus and the woman carrying it.

BANKING & FINANCE

HDFC Bank will now offer Digital Loans against your mutual funds

India’s most valuable lender HDFC Bank has launched Digital Loans against Mutual Funds in partnership with transfer agent CAMS. Customers can now pledge mutual fund assets online and get overdraft limit set in their account in under 3 minutes, the bank claimed.

SPORTS

Womens World Badminton Championship: Japan’s women clinch Uber Cup

Japan’s women clinched the Uber Cup, The Womens World Badminton Championship, defeating Thailand 3-0 in Bangkok, ending a 37-year wait to regain the title.

APPOINTMENTS

Saad Hariri reappointed as Lebanon’s prime minister

Lebanon Prime Minister Saad Hariri has been assigned for a third term in office, less than three weeks after elections that saw his movement lose ground in parliament.

OBITUARIES

Telugu film personality Madala Ranga Rao dies at 69 in Hyderabad

Noted Telugu film personality Madala Ranga Rao, also popularly known as “Red Star” has passed away. He acted and produced several films including hits such as ‘Yuvatharam Kadilindhi’, ‘Yerra Mallelu’, ‘Praja Shakthi’, ‘Swarajyam’, ‘Viplavashankham’ and ‘Mahaprasthanam’.

One of India’s most decorated General passes away aged 97

One of India’s most decorated Generals, Lieutenant General Zorawar Chand Bakshi has passed away aged 97. He was awarded the second-highest military decoration, Maha Vir Chakra, for his role in capturing the strategically important Haji Pir Pass during the 1965 war with Pakistan. Bakshi was also instrumental in capturing Akhnoor Dagger from Pakistan during 1971 war.

Civil rights attorney Lewis Myers Jr. passes away

Civil rights attorney Lewis Myers Jr., who worked on a key lawsuit against racial discrimination in Mississippi’s higher education system has passed away. He was 70 years old.

Apollo 12 astronaut Alan Bean dead at 86

Alan Bean, a NASA astronaut who journeyed into space two times and, as part of the Apollo 12 mission in 1969, became the fourth man to walk on the moon has passed away.

IMPORTANT DAYS

World Thyroid Awareness Day: 25 May

The World Thyroid Day is observed every year on May 25 to spread awareness of thyroid health and educating about prevention and treatment of thyroid diseases.

• The theme of World Thyroid Awareness Day in 2018 is “Environment and the Thyroid”.

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