May 22, 2018

WORD OF THE DAY

 

PRICE-EARNING RATIO (PE) RATIO

A metric to value a company’s stock that measures its current share price relative to its earnings per share. The PE Ratio is also sometimes known as the price-earnings multiple because in essence, this ratio indicates the rupee amount an investor must invest in a company in order to receive one rupee of the company’s earnings. 

Courtesy: Mint

 

NATIONAL NEWS

  1. Madhya Pradesh has launched My MP Rojgar Portal’
    • To provide jobs to youths as per their educational qualification, skills and interest and ensure availability of able candidates to employers as per the need of their business.
    • The portal was launched as a part of the ‘Ham Chhu Lenge asman’Mukhyamantri Career Counselling programme ‘Pahal’ in Model School of Bhopal
  2. The 71st World Health Assembly was held in Geneva, Switzerland.
    • Theme – “Health for All: Commit To Universal Health Coverage”
    • Walk the Talk Event was also inaugurated by the Union Health Minister JP Nadda with a call ‘Health for all, Yoga for all’.
    • Health for all is the programming goal or Slogan of WHO
  3. A day-long workshop on the theme “Ganga and its Biodiversity: Developing a Road Map for Habitat and Species Conservation” was organized on river Ganga in New Delhi.
    • To approach the challenges of cleaning river Ganga through an integrated approach and with synergy between development and ecology.
    • The first-of-its-kind reports: “Status of Conservation of Select Aquatic Species” which presents the status of select species of river Ganga and gives information from available literature and data collected and “Ganga Biodiversity-At a Glance” which gives species with details, along with their depiction and maps were released.
    • Siebold’s smooth scaled water snake (Enhydris sieboldii), were observed after a gap of 70 years in river Ganga
    • The Ganga Praharis’, a self-motivated volunteer cadre from local communities have been trained and taken on board by National Mission for Clean Ganga (NMCG)and Wildlife Institute of India (WII).
  4. 42 seater aircraft of Alliance Air lands at Pasighat in  Arunachal Pradesh from Guwahati in Assam.
    • This flight is a part of the UDAN (Ude Desh ke Aam Nagarik) scheme
  5. The South-Western command Chetak Corps are engaged in intense training exercise called ‘Gandiv Vijay’ in 
  6. Chhattisgarh will get a specialised anti-Naxal combat force named the “Black Panther” in line with the Greyhounds unit.
    • Greyhounds is a special force in Telangana and Andhra Pradesh that is specialised in anti-insurgency operations against Naxals and Maoists.
  7. The Telangana government has completed rejuvenation of 18,000 tanks in Telangana under its Mission Kakatiya programme.
    • Kakatiya Programme is a program for restoring all the minor irrigation tanks and lakes in Telangana
  8. Foundation stone of the Southern Campus of National Institute of Disaster Management (NIDM) was laid at Kondapavuluru Village, Gannavaram Mandal, Krishna District of Andhra Pradesh.
  9. India received the 1stcargo of Abu Dhabi National Oil Company (ADNOC) crude oil for its Mangalore Strategic Petroleum Reserve.
    • In February 2018, ISPRL and ADNOC signed an Agreement for storing 68 million barrels of crude oil.
    • ISPRL – Indian Strategic Petroleum Reserve
    • ADNOC – Abu Dhabi National Oil Company
  10. Oil and Natural Gas Corporation (ONGC) will begin its operations in Nagayalanka block in Krishna District.
  11. Bat Virus – Nipah triggers panic in Kerala taking the death toll at 6
    • Nipah virus causes respiratory and encephalitic diseases with high fatality rates.
    • It spreads through direct contact with infected people, bats and pigs, or even from contaminated fruits eaten by bats.
    • So far, no therapeutics or vaccines have been approved for use in humans against the virus.

 

 

INTERNATIONAL NEWS

  1. The United Kingdom’s National Crime Agency (NCA) has placed Pakistan among the top three sources for money laundering in the United Kingdom.
    • Nigeria and Russia are the other two countries in the top 3 sources of money laundering in UK.
    • NCA had produced a report named “National Strategic Assessment of Serious and Organized Crime 2018”.
  2. The California based giant software company Adobe announced its acquisition of Magento for USD 1.68 billion.
  3. The US merchandise trade deficit with the world’s largest exporter hit a record $375 billion last year.
  4. China is planning to scrap all limits on the number of children a family can have.

 

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BANKING AND ECONOMY

  1. State Bank of India (SBI), the country’s biggest lender, reported a loss of  7,718 crore in the January-March quarter
  2. NITI Aayog vice-chairman Rajiv Kumar exuded confidence that Indian economy will achieve 9% growth rate on sustained basis by 2022
    • On the back of reforms like GST, demonetisation and the Insolvency and Bankruptcy Code (IBC).
    • Indian economy grew by 6% in 2017-18 and expected to grow at 7.5% this fiscal as per NITI Aayog
  3. BRICS New Development Bank (NDB) plans to launch Americas Regional Office in 
    • It is done to increase the operational capabilities of NDB in Brazil
  4. Bank of Baroda locates major operations at GIFT city
    • The bank will now offer its services including retail loan processing, deposit account opening in this Shared Service Centre (SSC).
  5. Bank of Baroda has signed an agreement with CDSL Commodity Repository (CCRL).
    • This agreement is for pledge finance under the repository ecosystem for registered / accredited warehouses.
    • This will also provide various features to its stakeholders such as seamless transfer of ownership of commodity by the depositors, splitting of warehouse receipt by the depositors, real time and ease of access of information by the banks
    • BOB becomes the first public sector bank to become the repository participant.
  6. Multi Commodity Exchange of India (MCX) launches India’s first copper options.
    • The contract has clocked a traded volume of 461lots with value of  21.89 crore
    • The contracts are available for trading with one MCX copper futures contract (1MT) as the bottom-line.
  7. If the money sent by an NRI to India and is not invested, the amount is tax free.

 


 

APPOINTMENTS

  1. The New York Stock Exchange (NYSE) has promoted Stacey Cunningham to President, making her the first sole woman head of the 226-year-old exchange.
  2. Pravin L Agrawal has been appointed as Part time official Director of Bhel
  3. Gobind Singh Deo, an Indian-origin lawyer and politician in Malaysia has become the first Sikh in Malaysia to be appointed as a Cabinet minister.

 

 

IMPORTANT DAYS

  1. The International Day for Biological Diversity is observed across the world on May 22
    • Theme‘Celebrating 25 Years of Action for Biodiversity’as the year 2018 marks the 25th anniversary of the Convention on Biological Diversity.
    • India is a treasure trove of biodiversity, hosting 7-8% of all recorded species globally, including over 45,000 species of plants and 91,000 species of animals


 

AWARDS

  1. The Maharashtra State Lawn Tennis Association (MSLTA) annual awards were presented in Mumbai.
    • Asian junior Champion – Mihika Yadav
    • India’s No 5 Men’s player – Arjun Kadhe
    • India’s No 4 women’s player – Rutuja Bhosale
    • National Sub junior Champion – Rutuja Chaphalkar
    • India’s No 1 junior – Siddhant Banthia

 

SPORTS

  1. Commonwealth medal winner and Table Tennis StarManika Batra and weightlifter Mirabai Chanu signed multi-year agreement with IOS Sports & Entertainment.
    • IOS will now manage their endorsements, appearances, brand profiling, patents, licensing and digital rights, images
  2. Bala Prasath won the Formula Junior Racing Series 2018 Championship in Coimbatore.

 

 

MISCELLANEOUS

  1. Scientists have discovered the first interstellar immigrant
    • An Asteroid named (514107) 2015 BZ509 has a different origin other than our solar system because the object moves in a direction opposite to that of all the objects in our solar system.
    • This is the second asteroid that is causing stir after the ‘Oumuamua’
  2. Scientists have found out a drug named “PLX5622” that could prevent the brain damage caused by exposure to cosmic radiation.
  3. Bansidhar Panda, industrialist and founder of Indian Metal and Ferro Alloys (IMFA) Ltd died