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May 03, 2018

3rd May 2018 Daily Current Affairs - PDF Download

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Dear Great Ambitionists, here are today's (3rd May 2018) Important Current Affairs updates. You can download the pdf version of these current affairs from below link. Happy Reading :)

Daily Current Affairs of 3rd May 2018

International Current Affairs
  • Today (3rd May) is World Press Freedom Day.
    • This day is being observed every year to draw focus on the freedom of information, protecting journalism from censorship, and ensuring safety for journalists.
    • This day marks the anniversary of the Declaration of Windhoek, a statement of free press principles put together by African newspaper journalists in 1991.
    • Theme of World Press Freedom Day 2018 : ‘Keeping Power in Check: Media, Justice and The Rule of Law
  • Indian and French navies conducted the final and third phase of Varuna Naval Exercise 2018 near Reunion Island in Indian Ocean region (IOR).
    • Aim of Varuna Naval Exercise 2018 : To enhance the operational coordination.
  • India and United States held the third round of the India-US Maritime Security Dialogue in Goa. 
    • Focused areas of this Dialogue : Cooperation and developments in the Indo-Pacific region.
National Current Affairs
  • The Pakyong Airport (Sikkim) is set to become India's 100th operational airport when it is commissioned in June. 
    • Under the government's regional connectivity scheme, SpiceJet has been given permission to fly to Pakyong from Kolkata. 
    • Important Point to Note : Sikkim was the only state in the country without an airport.
  • Amid protests over the formation of the Cauvery Management Board, the Supreme Court today directed Karnataka to release 4 TMC of water to Tamil Nadu or face strict action. 
    • Note : In its verdict on the Cauvery dispute in February, the apex court had reduced the amount of water Karnataka has to supply to Tamil Nadu by 14.75 TMC.
  • The Union Cabinet today approved a plan to set up 20 All India Institutes of Medical Sciences (AIIMS) and upgrade 73 medical colleges under Pradhan Mantri Swasthya Suraksha Yojana (PMSSY), which has been extended by two years till 2020 with financial outlay of Rs.14,832 crore.
    • The new AIIMS would address the shortfall of healthcare professionals, transform health education and training, and lead to employment generation.
    • About Pradhan Mantri Swasthya Suraksha Yojana (PMSSY)
    • The Pradhan Mantri Swasthya Suraksha Yojana (PMSSY) was announced in 2003 with objectives of correcting regional imbalances in the availability of affordable/ reliable tertiary healthcare services and also to augment facilities for quality medical education in the country. 
    • PMSSY has two components :
      •  Setting up new AIIMS
      • Upgradation of government medical colleges 
  • The Union Cabinet has approved restructuring of Indian Bureau of Mines (IBM) by upgradation, creation and abolition of certain posts of Joint Secretary-level and above.
Banking, Business & Economic Affairs
  • India has surpassed France to become one of the world's five largest military spenders, Swedish arms watchdog SIPRI (Stockholm International Peace Research Institute) announced in a report today. 
    • India spent $63.9 billion on its military in 2017, an increase of 5.5% compared with 2016.
    • Top 5 Largest Military Spenders :
      • USA - $610 bn
      • China - $228 bn
      • Saudi Arabia - $69 bn
      • Russia - $66 bn
      • India - $63.9 bn
      • France - $ 58 bn
  • The Union Cabinet today approved doubling the investment limit to ₹15 lakh under the government's flagship senior citizen pension scheme Pradhan Mantri Vaya Vandana Yojana (PMVVY)
    • This move will enable up to ₹10,000 pension per month for senior citizens based on a guaranteed 8% annual return. 
    • About Pradhan Mantri Vaya Vandana Yojana (PMVVY):
    • Government of India has announced Pradhan Mantri Vaya Vandana Yojana for citizen age 60 years and above on 4th May 2017.
    • Benefits of PMVVY
      • Pension Payment : On survival of the Pensioner during the policy term of 10 years, pension in arrears (at the end of each period as per mode chosen) shall be payable.
      • Death Benefit : On death of the Pensioner during the policy term of 10 years, the Purchase Price shall be refunded to beneficiary.
      • Maturity Benefit : On survival of the pensioner to the end of the policy term of 10 years, Purchase price along with final pension installment shall be payable.
Science & Technology
  • Professor Stephen Hawking’s final theory on the origin of the universe, which he worked on in collaboration with Professor Thomas Hertog from KU Leuven, has been published today in the Journal of High Energy Physics. 
    • This theory suggests the universe is "finite" and far simpler than described by other Big Bang theories.
    • This latest work based on string theory contradicts his previous 'no boundary theory', which said that the universe is boundless.
  • The National Aeronautics and Space Administration (NASA) is preparing another mission of twin satellites to track Earth's water cycle, ice sheet and crust. 
    • The satellites will be able to map such changes by tracking changes in their 220-km separation with a hair-width accuracy. 
    • Called GRACE-FO (Gravity Recovery and Climate Experiment Follow-On), the US-German project would continue research of the 15-year GRACE mission that ended in 2017.
Recent Committees in News
  • The Task Force constituted on “Establishing a Coalition on Disaster Resilient Infrastructure (CDRI)” has submitted its report to Ministry of Home Affairs (MHA).
    • This report consists step-by-step implementation plan and analysis to build and operationalize CDRI. 
    • Head of this Task Force : Preeti Saran, Secretary (East), Ministry of External Affairs (MEA).
Awards & Honors
  • A Burson Cohn & Wolfe study revealed that Indian Prime Minister Narendra Modi is the Most Popular World Leader on Facebook with over 43.2 million likes on his personal page. 
    • This is almost twice the 23.1 million likes on US President Donald Trump's page. 
Sports Current Affairs
  • Former Australian cricketer Justin Langer has been appointed as Australian cricket team's Head Coach for all three formats. 
    • He has replaced Darren Lehmann, who had stepped down after Australia's tour of South Africa amid the ball-tampering controversy. 
      Monthly Current Affairs PDF Downloads
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