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Important Current Affairs of 23th May

NATIONAL:

Indra Nooyi was presented with an honorary degree by the prestigious Yale University.

• Former PepsiCo chairman and CEO Indra Nooyi was presented with an honorary degree by the prestigious Yale University, her alma mater. The degree is to recognize her achievements in business and for being a global role model who encouraged women and girls to see themselves as top corporate executives. She is celebrated for her leadership and her commitment to helping women achieve success.

• Nooyi, She received a degree in Master of Public and Private Management from the university's Yale School of Management in 1980, was presented with the Honorary Doctor of Humane Letters.

• Nooyi was among 11 individuals to be presented with the honorary degrees for achieving distinction in their fields.

Others who received the honorary degrees included author and feminist activist Gloria Steinem, wildlife researcher Cynthia Moss, entrepreneur and philanthropist Strive Masiyiwa and Harvard University president Lawrence Bacow.

Indra Nooyi:

• In 2006, Nooyi became the first woman to helm the global food and beverage giant PepsiCo. She stepped down in October 2 last year as PepsiCo's CEO, after 24 years with the company, the last 12 as CEO of the global beverage giant.

• Nooyi was recently elected to the board of Amazon, on whose audit compensation committee she sits. She is a member of the World Economic Forum board of trustees and of the American Academy of Arts and Sciences.

• She is also an independent director of the International Cricket Council and chair of the compensation committee at Schlumberger, an oilfield services company, on whose board she serves.

• One of 25 women to have led a Fortune 500 company, Nooyi has appeared frequently on the Forbes and Fortune rankings of the world's most powerful women.

Cong's Ramya Haridas becomes Kerala's second-ever Dalit woman MP.

• Ramya Haridas, Congress' Lok Sabha candidate from Alathur constituency in Kerala is set to become the second-ever Dalit woman MP from the state. She defeated senior CPI(M) leader and sitting MP PK Biju with a margin of nearly 1.59 lakh votes. The 32-year-old, who has a habit of breaking into songs during rallies, recited a poem to thank the voters.

• About Ramya Haridas:

• Ramya Haridas is an Indian politician of Indian National Congress in the state of Kerala and the daughter of All India Mahila Congress leader Radha. She currently serves as the Block panchayat President of Kunnamangalam. She will be contesting from Alathur in 2019 election as All Indian National Congress candidate.

• Born: 1987 (age 32 years), Kozhikode

• Party: Indian National Congress.

Gopal becomes first HIV-infected climber to scale Everest.

• Gopal Shrestha, a 56-year-old from Nepal's Pokhara, on Wednesday became the first HIV-infected climber to scale the world's highest peak, the Mount Everest. Shrestha, who used to play football for Nepal, climbed the peak in his second attempt after being forced to abandon his first attempt due to the deadly earthquake in Nepal in 2015.

AGREEMENTS AND MOU’s:

Assam Rifles signed the charter of affiliation with the Indian Coast Guard.

• In a first, the Assam Rifles (AR) signed the charter of affiliation with the Indian Coast Guard to enhance inter-forces cooperation and interoperability. It is a permanent affiliation of Assam Rifles with the Coast Guards.

•  The charter of affiliation was signed by the Director General (DG) of the Indian Coast Guard, Rajendra Singh and DG, Assam Rifles Lt Gen Sukhdeep Sangwan on 22 May 2019.

Main Objective:

The objective of the affiliation is to promote bilateral cooperation between the two Services and contribute to joint capacity for training, sports, adventure, and sustainable development.

The affiliation includes:

The training will involve the exchange of information and personnel of the two Forces and building camaraderie. The two will work together in humanitarian missions and other areas.

A combat battalion of Assam Rifles will soon be training onboard ICGS Shaurya (16), an offshore patrol vessel in Chennai.

In due course of time, arrangements will be made for the exchange of personnel including those with an understanding of Land Border Management (LBM) with Assam Rifles battalions.

Over-Seas Deployment (OSD) of AR personnel on board an ICG ship, bilateral meetings between the two forces, and participation of experts from both sides in such meetings.

ADB to provide ₹5,200 cr to electrify railway tracks in India.

• The Asian Development Bank (ADB) on Wednesday said it will provide $750 million (over ₹5,200 crore) long-term financing to electrify railway tracks in India. This is the largest single non-sovereign loan ever committed by the funding agency. Indian Railway Finance Corporation (IRFC) will use the loan to install electric traction equipment along about 3,378 kilometres of existing railway lines.

About ADB:

• The Asian Development Bank is a regional development bank established on 19 December 1966, which is headquartered in the Ortigas Center located in the city of Mandaluyong, Metro Manila, Philippines. The company also maintains 31 field offices around the world to promote social and economic development in Asia.

Wikipedia

• Headquarters: Mandaluyong, Philippines

• President: Takehiko Nakao

• Membership: 68 countries

• Founded: 19 December 1966

• Purpose: Economic development

• Subsidiaries: Asian Development Bank Institute

BANKS AND ECONOMICS:

HDFC Group Overtakes Tata Group As Indias Most Valuable.

• HDFC group overtaken the 151-year-old Tata group to emerge as India’s most valuable by way of market capitalization (m-cap).

The combined market value of the five listed companies of the HDFC group – HDFC, HDFC Bank, HDFC Life, HDFC Asset Management and Gruh Finance stood at Rs 11.66 lakh crore while the combined m-cap of 29 Tata group companies stood at Rs 11.64 lakh crore, about Rs 2,000 crore less than that of the HDFC group.

About HDFC group

CEO: Aditya Puri

Headquarters: Mumbai

Founded: August 1994, India

Subsidiaries: HDFC securities, HDB Financial Services

APPOINTMENTS AND RESIGNATIONS:

N Chandrababu Naidu resigns as CM of Andhra Pradesh.

• N Chandrababu Naidu has resigned as Andhra Pradesh CM after trends showed his Telugu Desam Party (TDP) leading in only 23 Assembly seats and winning two. YS Jagan Mohan Reddy-led YSR Congress Party (YSRCP) is leading in 138 Assembly seats and has won 12. The Legislative Party meeting of YSRCP is set to take place on May 25.

About N Chandrababu Naidu:

• Nara Chandrababu Naidu is an Indian politician who was the former Chief Minister of Andhra Pradesh serving since 2014. He was the first chief minister of the state since it was divided. Wikipedia

• Born: 20 April 1950 (age 69 years), Naravaripalli

• Spouse: Nara Bhuvaneshwari (m. 1980)

• Education: Sri Venkateswara University

• Siblings: Ramamurthy Naidu

• Parents: N. Kharjura Naidu, Amanamma Naidu

• Children: Nara Lokesh

Netflix hires its first India content IP lawyer.

• Netflix has reportedly appointed Priyanka Chaudhari as director and senior counsel for content and Intellectual Property (IP) in India. Chaudhari, who worked at Balaji Telefilms as VP-Group Legal for around two years, will be Netflix's first content IP lawyer in India, the report said. Reportedly, in her new role, Chaudhari will report to Netflix's Los Angeles office.

About Netflix:

• Netflix, Inc. is an American media-services provider headquartered in Los Gatos, California, founded in 1997 by Reed Hastings and Marc Randolph in Scotts Valley, California

• Founded: 29 August 1997, Scotts Valley, California, United States

• Films produced: Black Mirror: Bandersnatch, The Kissing Booth, MORE

• Owned by: Morgan Stanley, Reed Hastings

• Founders: Reed Hastings, Marc Randolph

• Did you know: Netflix is the world's seventh-largest internet company by revenue.

DAYS:

World Tortoise Day is observed on 23rd May.

• World turtle day is observed on 23rd May. It is sponsored yearly since 2000 by American Tortoise Rescue. The aim is to bring attention to, and increase knowledge of and respect for, turtles and tortoises, and encourage human action to help them survive and thrive. This year the day spotlights on freshwater turtles.

• The herpetologists, one who studies about amphibians and reptiles, have launched a unique initiative to gather more information about India’s freshwater turtles and tortoises.

In India:

• The India Biodiversity Portal has initiated a ‘Turtle Spotting Week’ as part of a unique exercise to document the creatures across India. The week began on 17th May and ends on 23rd May 2019.

• There are at least 28 species of freshwater turtles which can be spotted across the country and we felt that not enough attention was being given to them. Research and conservation activities in particular are limited and we wanted to encourage more people to document their findings.

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