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Important Current Affairs 13th May 2018

Important Current Affairs 13th May April 2018

Current Affairs 13th May 2018: NATIONAL NEWS

ICAI issued notice to Multinational Auditing Companies

●   The Institute of Chartered Accountants of India has issued notices to many units of multinational auditing companies of Indian units.

● The institute has sought information from companies such as Deloitte, PricewaterhouseCoopers, Ernst & Young, KPMG, Grant Thornton and BDO about their corporate structures, investments and revenues.

The President paid tribute to Mr. Fakhruddin Ali Ahmed on his birth anniversary

●   President Shri Ram Nath Kovind today paid tribute to Mr. Fakhruddin Ali Ahmed on his birth anniversary (May 13, 2018) in the Rashtrapati Bhavan.

●   The President and President of Rashtrapati Bhavan offered floral tributes to the statue of Mr. Fakhruddin Ali Ahmed.

Madhya Pradesh will be declared as ODF by October this year: CM

●   Madhya Pradesh Chief Minister Shri Shivraj Singh Chauhan has announced that the state will be declared as open defecation state (ODF) in open till the Gandhi Jayanti this year.

●   This means that the state will become ODF one year before the national deadline of Mahatma Gandhi's 150th birth anniversary, 2 October, 2019.

Gadkari to inaugurate two national highways in Punjab tomorrow

●   Union Road Transport, Highways, Shipping, Water Resources and Ganga Conservation Minister, Shri Nitin Gadkari will inaugurate the 4 lane National Highway -15 Amritsar in Bathinda, Bathinda and National Highway 64 from Zirakpur from Amritsar, and the National Highway-144B Project. Two-lane Munak-Jhalkal-Budalana will lay the foundation of the block.

●   The National Highway-175 of 175 kilometers is completed in 24 months with a cost of Rs 2893 crore.

Government preparing for a firm definition for effective action on mask companies

●   To regulate the companies running only paper, the government wants to set a definition of 'mask companies' so that such companies can be found guilty in the courts.

●   In the recent months many 'mask companies' involved in money laundering and other financial irregularities have challenged the action against themselves.

RBI's 'prompt corrective action' against Dena Bank

●   Reserve Bank of India has initiated "prompt corrective action" against the public sector Dena Bank in view of the large debt trapped position.

●   Under this, he has banned the bank from offering new loans and giving new jobs.

●   On Friday, the bank had informed that due to non-performing assets, its loss in the March quarter increased to Rs 1,225.42 crore.

Current Affairs 13th May 2018: INTERNATIONAL RELATION

Army Chief will visit Sri Lanka

●   Indian Army Chief General Bipin Rawat will be on an official visit to Sri Lanka from May 14 to May 17, 2018

●   General Bipin Rawat will be the first visit to Sri Lanka.

●  During the visit, he will meet with Sri Lanka's most senior political leaders and military officials.

Current Affairs 13th May 2018: SPORTS

Petra Kvitova won third Madrid Open title

●   Czech Republic's Petra Kvitova captured the Madrid Open title for the third time in a record

●   Kvitova has become the first woman player to win this title three times.

●   World number-10 Kvitova defeated Kiki Bertens of the Netherlands in the women's singles category final.

Current Affairs 13th May 2018: ECONOMY

Vijaya Bank announces Reliance Naval loan as NPA

●   Public sector Vijaya Bank has declared the loan account of Reliance Naval and Engineering, led by Anil Ambani Group, for the March quarter.

●   Earlier this company was named Pipavav Defense and Offshore Engineering.

●   Anil Ambani Group acquired it in 2016 and named it Reliance Defense and Engineering.

Air India revenues up by 20 per cent in March-April

●   Air India's Revenue was 20 per cent in March-April 2018, and a Root Review has begun to increase the flight hours of each aircraft for the new trip.

●   This information was given by the airline chairman and managing director Pradeep Singh Kharola.

●   He said that the focus of the airline is on increasing the operational efficiency in the domestic and international sectors.

Walmart could invest $ 3 billion in Flipkart

●   Within a year of buying 77 percent stake in the country's largest e-commerce company, Wal-Mart can invest up to $ 3 billion ($ 2 trillion) and invest in it.

●   In Flipkart, he wants to increase the stake to 85 percent.

Current Affairs 13th May 2018: INTERNATIONAL NEWS

Donald Trump instructed to increase prices of drugs exported to other countries

●   President Donald Trump has instructed to fix the price of medicines given to other countries.

●   Explaining the reasons, he said that these medicines are made at the expense of US research and development, but other countries are given at a very low price which is not good.

●   The impact of the trump policy on reducing the cost of drugs in the US may also be on the Indo-US bilateral relations, as the US industry was against reducing the cost of drugs in India.

Jio complaint against Airtel for Apple Watch service

●   Reliance Jio has filed complaints against Bharti Airtel in the Department of Telecommunications.

●   It has been alleged that Airtel is offering e-SIM services at Apple Watch Series 3 which is a violation of the license rules.

●   Jio has demanded immediate closure of this service.

Walmart can bring Flipkart's IPO

●   Wal-Mart Inc., the leading American company of retail chains, can launch Flipkart 's Initial Public Offerings (IPO), after which the investors will open the way.

●   Walmart can do such a deal only after four years of completion. In the previous week, Walmart had announced to buy 77% stake in Flipkart.

In the first quarter of 2018, Samsung overtook Apple

●   In the first quarter of the year 2018, smartphones sales have declined by 6.3% over the year-on-year basis, which is the biggest drop in any quarter now.

●   At the same time, Samsung has topped the European market by selling more than 1.5 million smartphones, while Apple is at second place.

Facebook preparing to launch cryptocurrency

●   Facebook is considering issuing its crypto captions.

●   Facebook has more than two billion users worldwide and launching a crypto can allow users to pay using virtual currency like bitcoin.