Daily Current Affairs Updates – 25th May 2017

 Daily Current Affairs Update
Daily Current Affairs Updates –  25th May 2017:
Daily Current affairs News Updates about the National and International events were listed here. Candidates those who are preparing for IBPS/SBI/PO/Clerk exam and all other competitive exams can use this.


25thmay – Africa day:
The Continent of Africa observes and celebrates in a special way the 25 May. The day is known as “Africa Day.”Africa Day is promoted by the African Union (AU). This year 2017, the African Union highlights thetheme: ‘Harnessing the demographic dividend through investments in youth.’Africa Day was formerly known as Africa Freedom Day.
Useful Info about African Union (AU):
TheAfrican Union (AU) is a continental union consisting of all 55 countries on the African continent. It was established on 26 May 2001 in Addis Ababa, Ethiopia, and launched on 9 July 2002 in South Africa, with the aim of replacing the Organization of African Unity (OAU).
PM asks all state govts to accord high priority to CCTNS to ensure better law and order:
Prime Minister Narendra Modi has asked all state governments to accord high priority to the Crime and Criminal Tracking Network and Systems (CCTNS) to ensure better law and order.
During a meeting of PRAGATI on Wednesday, Mr Modi said high priority should be given to this network, so that maximum benefit could be taken from it, in the interest of law and order. He urged the states to accord high priority to this network, so that maximum benefit could be taken from it.
PRAGATI(Pro-Active Governance And Timely Implementation)
Cabinet approves issuing bonds to raise Rs 2,360 crore for renewable energy schemes:
The government will raise bonds of 2,360 crore rupees for renewable energy. A decision in this regard was taken by the Union Cabinet last evening.The bonds will be raised by the Ministry of New and Renewable Energy and funds will be used in various renewable energy programmes.
The decision will boost infrastructure in the sector and facilitate achievement of ambitious targets for the renewable energy sector.
Minister of new and renewable energy – piyush goyal
Constituency –Maharastra (Rajyasabha)
E-clinics service for farmers started in J&K to double farmers’income by 2022:
The J&K government launched an eclinics service for farmers with the aim to double farmers’income by 2022. TheDepartment of Agriculture,in collaboration with Centrefor Agriculture and BiosciencesInternational(CABI), has set up 15 plant clinics in Samba, Kathuaand Jammu.
State –Jammu& Kashmir
Capital –Srinagar(summer), jammu (winter)
CM –mehbooba mufti
Governor –Narinder Nath Vohra
Whirlpool Corporation’s Asia-Pacific president Arvind Uppal to step down:
Home appliances maker Whirlpool of India on Thursday said Arvind Uppal will step down as President – Asia Pacific of its parent Whirlpool Corporation with effect from 1 January, 2018. Uppal, however, will continue to be the Chairman and Non-Executive Director of Whirlpool of India.
Useful Info:
Whirlpool HQ –Benton Harbor, Michigan, United States
NATO to join US-led anti-Islamic State coalition:
NATO is to join the US-led anti-Islamic State coalition(IS), meeting a key demand of US President Donald Trump that the alliance do more to fight Islamist terrorism.
NATO –North Atlantic Treaty Organization
HQ –Brussels, Belgium
Secretary General:Jens Stoltenberg

SBI to sell bad loans worth Rs1,471 crore to ARCs:
India’s largest lender State Bank of India (SBI) has put on block bad loans with outstanding balance of Rs1,471.47 crore on sale to asset reconstruction companies and financial institutions.Among the accounts on sale, the largest exposure is on Adhunik Power& Natural Resources Ltd, where banks have converted their debt into equity under the Reserve Bank of India’s (RBI) strategic debt restructuring.
SBI headquarters – Mumbai
Chairperson –Arundhati Bhattacharya
World Bank’s IFC to invest $40 million in Kedaara Capital’s new fund:
World Bank’s International Finance Corp to invest up to $40 million in Kedaara Capital Fund II LLP, which in turn will fund in 10-12 mid-market firms in India
Kedaara Capital Advisors wasfounded in 2011 byformer Temasek Holdings Pte India head Manish Kejriwalalong with Sunish Sharma and Nishant Sharma.
World bank Headquarters –Washington, D.C., United States
President – Jim yong Kim
Motto –     Working for a World Free of Poverty
SBI launches national hackathon next month:
State Bank of India (SBI) has launched anational hackathon for developers, startups and students to come up with innovative ideas and solutions for the banking sector. The hackathon, named‘Code For Bank’, will focus on the business value driven by technologies like predictive analytics, fin-tech/block chain, digital payments, IoT (Internet of Things), artificial intelligence, machine learning, BOTS and robotic process automation.
HSBC discovers consumers trust robots for surgery over savings:
Andy Maguire (Chief Operating Officers) faces a challenge: tasked with upgrading HSBC Holdings Plc’s digital-banking systems, he has discovered that customers are twice as likely to trust a robot for heart surgery than for picking a savings account.
HSBC HQ –London, United Kingdom
CEO –Stuart Gulliver
Ecuador’s new president “Lenin Morenotakes office:
Ecuador’s new presidentLenin Moreno took office today, tasked with steering a flagship of the Latin American left through troubled economic and political waters.Moreno beat his conservative rival,ex-banker Guillermo Lasso, by 2.3 per cent in April’s runoff vote.
Country –Ecuador
Capital –Quito
Currency –United States Dollar
Ex-president –Rafael Correa
Current president – Lenin Moreno
Tata Sons appointedShuva Mandal  as new general counsel:
Tata Sons announced the appointment of Shuva Mandal — National Practice Head, M&A and Corporate at Shardul Amarchand Mangaldas — as group general counsel. He will jointhe firm in July,replacing Bharat Vasani. Mr. Vasani will retire next year after whichhe will continue with thegroup as legal adviser to thechairman’s office, Tata Sonssaid. Mr. Mandal is a National Law School alumnus.
India beat Nepal 90-44 in basketball tourney:
A dominant India recorded a comprehensive 90-44 victory over Nepal in the fourth and final round robin encounter of the South Asian Basketball Association (SABA) Championship at Male.
Country –Maldives
Capital –Male
Currency –Maldivian rufiyaa
BAI president congratulates PV Sindhu for Athletes’ Commission inclusion:
Badminton Association of India (BAI) president Himanta Biswa Sarmahas congratulated Olympic silver medallist PV Sindhu for becoming a member of the BWF Athelte’s Commission.
Name –Pusarla Venkata Sindhu, Badminton player

ICC announces partnership with Hublot:
The ICC announced a long-term deal withluxury brand Hublot, which will include all ICCevents to 2020. The agreement will mean Hublot supply watches for the player-of-the-Match in semifinals and finals at all ICC major events as well as the player-of-the-tournament award.
Company –Hublot (Hublot is a Swiss luxury watch maker founded in 1980 by Italian Carlo Crocco)
HQ –Nyon, Switzerland
CEO –Ricardo Guadalupe
R. Ashwin is the CEAT International Cricketer of the Year award:
Ashwin who had a remarkable international season he took99 wickets in17 Tests and scored 699 runs with two centuries and four half-centuries was presented theCEAT Cricket Ratings.
International Cricketer of the Year award by Sunil Gavaskar and Harsh Goenka, chairman, RPG Enterprises at the Cricket Club of India. He receive the trophy and cheque for rupee 5 lakh.
Shubman Gill CEAT young player of the year:
Punjab’s Shubman Gill was declared the CEAT Young Player of the Year for scoring 603 runs in ninegames against the touringEngland under-19 team. He received a cash award of rupee 1lakh.

Muralitharan to mentor Tiruvallur team in TNPL:
Muttiah Muralitharan will be thementor of VB Tiruvallur Veerans in the second editionof theTamil Nadu Premier League beginning in July. Former India paceman B. Arun will be the coach of the side.“Muralitharan has confirmed that he will be the team’s mentor,” said team owner and former India player V.B.Chandrasekar.

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