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Current Affairs 18 May 2020

Current Affairs 18 May 2020

Dear aspirants, to crack any type of competitive examination current affairs plays a significant role and for that we are providing daily important news that are most important for your examination. So we are here for you to provide the important Recent and Latest Current Affairs 18 May 2020.

Current Affairs 18 May 2020 includes all newspapers such as The Hindu, The Economic Times, Business Standard, Times of India, PTI, Indian Express, and all Government official websites.

Current Affairs 18 May 2020
1. World AIDS Vaccine Day
  • Worlds AIDS Vaccine Day or HIV Vaccine Awareness Day is observed every year on 18 May.
  • This day marks the efforts of thousands of researchers, scientists, health professionals who have contributed to the process of finding safe and effective AIDS medicine.
  • It is also an opportunity to educate communities about the importance of preventive HIV vaccine research.
Current Affairs 18 May 2020
2. International Museum Day 18 May
  • International Museum Day is observed on 18 May every year to raise awareness about the museum and their role in society.
  • The International Council of Museums (ICOM) created International Museum Day in 1977.
  • 2020 theme : Museums for Equality: Diversity and Inclusion
Current Affairs 18 May 2020
3. Govt raises FDI limit in defence production to 74% from 49%
  • FM N Sitharaman announced raising the Foreign Direct Investment (FDI) limit in the defense sector under the automatic route from 49% to 74%.
  • Also, Ordnance Factory Boards to be corporatised for better management & eventually get listed in stock markets
  • Union Defense Minister : Rajnath Singh
Current Affairs 18 May 2020
4. 1.2 mn EPFO members withdrawn Rs 3,360 cr of savings during lockdown
  • Govt announced that around 1.2 million members of the Employees’ Provident Fund Organisation (EPFO) withdrew Rs 3,360 crore retirement savings.
  • The savings have withdrawn during the coronavirus-induced lockdown under the Pradhan Mantri Garib Kalyan Yojana (PMGKY) package.
  • EPFO functions under the Union labour and employment ministry.
Current Affairs 18 May 2020
5. Centre launches online dashboard to monitor movement of migrant workers
  • Portal has been developed by National Disaster Management Authority.
  • NDMA works under the aegis of Ministry of Home Affairs.
Current Affairs 18 May 2020
6. Defaults related to COVID-19 to be exempted from IBC for upto 1 year: FM Sitharaman
  • Also, minimum threshold to initiate insolvency proceedings has been raised to Rs 1 crore.
  • Insolvency and Bankruptcy Code was passed as an Act in 2016.
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7. Atmanirbhar Bharat Abhiyan: One TV channel each for Class 1 to 12
  • Digital education initiative for students called PM e-Vidya to be launched which will be an earmarked TV channel per class from 1 to 12.
  • Also, top 100 universities to be permitted to automatically start online courses by 30 May 2020
  • National Foundational Literacy & Numeracy Mission to be launched.
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8. Commercial mining of coal on revenue share basis: Govt
  • Government announced that it will introduce competition, transparency & private sector participation in the coal sector through revenue sharing mechanism.
  • This will be done instead of regime of fixed rupee/tonne.
  • Nearly 50 blocks to be offered immediately.
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9. IISc develops antimicrobial composite material and testing protocols for PPEs
  • A team from Indian Institute of Science, Bengaluru (IISc) has developed a three-layered antimicrobial composite material of low-cost for making masks.
  • The material is designed to cut off particles of the size of 0.3 micrometres to about 95% efficiency.
  • N95 masks filter out 95% of particles of size 0.3 micrometres
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10. Former Miss America, sportscasting pioneer Phyllis Ann George has passed away
  • She was 70.
  • She had been crowned the 50th Miss America in 1971.
  • Miss World 2019 : Toni-Ann Singh

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