1st May 2019 Daily Current Affairs - PDF Download

Daily Current Affairs of 1st May 2019

International Current Affairs

International Workers' Day, also called Labour Day or May Day, is being observed today.
- This day is celebrated on May 1st every year to commemorate the struggles of working people throughout the world.
- May Day originated in late 19th century when labour movement to gain the 8-hour work day began.
- Theme of International Labour Day 2018 : “Sustainable Pension for all: The Role of Social Partners”.
The new imperial era 'Reiwa' began in Japan today as Emperor Naruhito ascended the throne following the abdication by his father former Emperor Akihito.
- Naruhito will inherit imperial regalia in a ceremony to mark his ascension to the throne.
- Following Naruhito's ascension, his younger brother Prince Fumihito became the first in line to the throne.
WikiLeaks founder Julian Assange was sentenced to 50 weeks in prison in the UK for skipping bail in 2012 after an extradition order to Sweden over an allegation of rape.
- Assange was arrested by the UK from Ecuador's embassy last month after the country revoked his asylum.
- He was also arrested on an extradition request by the US.

National Current Affairs

The states of Maharashtra and Gujarat were divided and given statehood under the Bombay Reorganisation Act on this day (1st May) in the year 1960.
- Gujarat
- - Established on : 1st May 1960
  - Capital : Gandhinagar
  - Chief Minister : Vijay Rupani
  - Governor : Om Prakash Kohli
  - Official Language : Gujarati
- Maharashtra
- - Established on : 1st May 1960
  - Capitals
  - - Mumbai
    - Nagpur (winter)
  - Chief Minister : Devendra Fadnavis
  - Governor : C. Vidyasagar Rao
- Official Language : Marathi
Odisha has issued a high alert in 12 districts in view of Cyclone Fani, which is likely to make landfall by Friday afternoon.
- The India Meteorological Department said Fani has "intensified into an extremely severe cyclonic storm."

Banking, Business & Economic Affairs

From May 1, India’s largest bank State Bank of India (SBI) has moved to a new interest rate regime on large savings account deposits as well as short-term loans.
- The bank will link its interest rate on savings account with balance above ₹1 lakh and short-term loans like overdraft and cash credit facility to Reserve Bank of India's (RBI) repo rate, effective 1 May 2019.
- With this, interest rates on large SBI savings account deposits and interest rate on some short-term loans will automatically change as and when RBI changes its repo rate.
- This will help in better transmission of RBI’s policy rates into the banking system.
Markets regulator SEBI has directed National Stock Exchange (NSE) to pay ₹625 crore for lapses in checking on brokers gaining unfair access through co-location servers placed at the site of exchange.
- NSE has also been prohibited from accessing the securities market for six months.
The Ministry of Defence awarded Defence PSU Garden Reach Shipbuilders and Engineers (GRSE) a Rs.6311 crore worth contract to build 8 Anti-Submarine Warfare Shallow Water Crafts (ASWSWCs) for Indian Navy.
- The design and construction of these ships at GRSE is yet another milestone in ‘Make in India’ Initiative.

MOUs & Agreements

Bharat Heavy Electricals Limited (BHEL) and Automotive Research Association of India (ARAI) signed an MoU (Memorandum of understanding) for cooperation on projects related to e-mobility.

Awards & Honors

6 grassroots environmental activists from around the world received prestigious Goldman Environmental Prize 2019. They are :
- Alberto Curamil (Chile)
- Alfred Brownell (Liberia)
- Ana Colovic Lesoska (North Macedonia)
- Bayarjargal Agvaantseren (Mongolia)
- Jacqueline Evans (Cook Islands)
- Linda Garcia (US)
Israel honors 1971 war (Bangladesh’s Liberation War) hero Lt. Gen. (retd) Jack Farj Rafael (JFR) Jacob with a plaque on Wall of Honour at the Ammunition Hill, Israel.
- He was one of the most prominent members of India’s relatively small Jewish community, who served as a Lieutenant General in Indian Army and as the chief of staff of Indian Army’s Eastern Command.
- He also fought in World War II and the Indo-Pakistani War of 1965.
- He negotiated the historic surrender of Pakistani troops in Dhaka after the 1971 war.
- He later became Governor of two Indian states Goa and Punjab.

Deaths

Former US Judge Damon J Keith (96), a grandson of slaves and icon in civil rights movement died today.
- He even being a grandson of enslaved people, later became 6th African American in U.S. history to serve on federal court of appeals.

New Appointments

Israeli Prime Minister Benjamin Netanyahuwas among the 120 newly-elected members who were sworn-into country's new Parliament today, three weeks after his victory in national election.

Sports Current Affairs

Barcelona FC has won Spanish La Liga title 2019 by defeating Levante FC by 1-0 goals.
- Note : La Liga is the men's top professional football division of the Spanish football league system.

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