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Daily Current Affairs of 25th May 2018

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International Current Affairs

This day is celebrated every year on 25 May as a tribute to the author Douglas Adams by his fans.

On this day, fans openly carry a towel with them, as described in Adams' The Hitchhiker's Guide to the Galaxy or share their folded animal towels to demonstrate their appreciation for the books and the author.

Surya Kiran-XIII, the 13th edition of India-Nepal joint military exercise will be held at Pithoragarh, Uttarakhand during 30th May to 12th June 2018.

This exercise will see participation of nearly 300 soldiers from both Indian and Nepal Army.
Aim of Surya Kiran XIII : To further enhance and strengthen level of defence cooperation between the two neighbouring nations.

UK's Prince William, who is second-in-line to the British throne, will visit Israel and the Palestinian territories in June.

With this he will become the 1st British royal to make an official visit to Israel.

Prime Minister Narendra Modi and his Bangladeshi counterpart Sheikh Hasina today inaugurated the Bangladesh Bhavan in West Bengal's Santiniketan in the presence of West Bengal CM Mamata Banerjee.

The bhavan, which is built at a cost of ₹25 crore, also has a museum that showcases Rabindranath Tagore's association with Bangladesh, the Liberation War of Bangladesh and Indo-Bangla relations.

National Current Affairs

The Congress-JD(S) alliance today proved its majority with the support of 117 MLAs during the floor test in Karnataka Assembly, making .

This will be JD(S) leader HD Kumaraswamy's second term as Karnataka Chief Minister.

A 2-day offshore security exercise, code named 'Exercise Prasthan', conducted by the Eastern Naval Command in the Offshore Development Area (ODA) off the coast of Mumbai.

Mock drills to exercise various contingencies such as asymmetric threat (terrorist action), oil spill, casualty evacuation and fire were conducted.
The exercise was aimed to evaluate surveillance capabilities of offshore rigs against unaltered intruders approaching by boat/ swimming and to evaluate capabilities of security agencies in patrolling to prevent intruders from accessing offshore rigs.

The Union Ministry of Human Resource Development (HRD) launched Samagra Shiksha scheme to improve quality of school education.

Aim of Samagra Shiksha Scheme : To improve the quality of education, enhancing learning outcomes and using technology to empower children and teachers.
The scheme subsumes three existing schemes : Sarva Shiksha Abhiyan (SSA), Rashtriya Madhyamik Shikskha Abhiyan (RMSA) and Teacher Education (TE) to treat school education holistically, from pre-school to Class XII.

Banking, Business & Economic Affairs

India's largest lender State Bank of India (SBI) has reported a loss of Rs. 7,718 crore in the January-March quarter, hurt by higher provisions for bad loans.

The loss for the three months to March 31 was deeper than the expected Rs. 1,285 crore on average by 16 analysts, according to Thomson Reuters data.

The 5th India-CLMV (Cambodia, Lao PDR, Myanmar and Vietnam) Business Conclave was held at Phnom Penh, Cambodia.

This conclave was jointly organised by the Ministry of Commerce & Industry along with Ministry of Commerce of Cambodia.
The Confederation of Indian Industry (CII) is institutional partner of the event.

Recent Committees in News

The 15th Finance Commission has constituted High Level Group to explore and give recommendations for a balanced expansion of the health sector.

This group will evaluate existing regulatory framework in health sector and examine its strength and weaknesses for enabling balanced and faster expansion keeping in view India’s demographic profile.
It will suggest ways and means to optimize use of existing financial resources and to incentivize state governments’ effort on fulfilment of well-defined health parameters in India.
Head of this high level group : Dr. Randeep Guleria, Director, AIIMS, New Delhi

Deaths

One of India's most decorated Generals, Lieutenant General Zorawar Chand Bakshi (97), passed away.

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.

MOUs & Agreements

The Small Industries Development Bank of India (SIDBI) and Common Service Centres (CSC) Special Purpose Vehicle (SPV) signed MoU for providing financial support village level entrepreneurs in CSCs.

Through the MoU, SIDBI will extend financial support to VLEs of CSCs, with minimum one year of operation, under its Direct Financing Window.

New Appointments

Six-time Congress MLA Ramesh Kumar has been unanimously elected as the Speaker of the Karnataka Assembly after the BJP withdrew nomination for its candidate Suresh Kumar.
Power equipment maker Bharat Heavy Electricals Limited (BHEL) has appointed Pravin L Agrawal as the part-time official director on its board.

Awards & Honors

Arunachal Pradesh-based NGO Singchung Bugun Community Reserve (SBVCR) won the India Biodiversity Award 2018 in the “Conservation of wildlife species” category.

Sports Current Affairs

Batsman Ed Joyce, the first-ever cricketer to play T20I cricket for two countries (Ireland and England), has announced his retirement from all forms of cricket.
Chennai based Indian grandmaster of chess, Srinath Narayanan has won the Kolkata Open International Grandmasters Chess Tournament.

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