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8th May Current Affiars



8th May Current Affairs

  1. David Cameron once again elected as Britain’s PM:
    In Parliamentary elections, David Cameron once again won 5-year tenure to serve as PM in the United Kingdom. Out of 650 seats, his Conservative Party earned 331 leaving Cameron the first Conservative prime minister acquiring the second term successively.

    Nigel Farage, Ed Miliband, and Nick Clegg, the contenders of Cameron have all given up after disappointment came from election results. David in this speech told that UK is on the "brink of something special". Britain’s PM is all set to lay down the foundation of a new government as to act on his pledges.
  2. Mhairi Black become Britain's youngest MP since 1667:
    Mhairi Black aged 20 become Britain's youngest MP after Christopher Monck, age 13 and a half became a Knight of the Shire for Devon.

    Mhairi is an SNP student pursuing his fourth year at Glasgow University.In Parliamentary election, he beat his opponent Douglas Alexander by approximately 6,000 votes in the Paisley and Renfrewshire South.
  3. Yes Bank ties up with Payworld.
    Yes bank stepped forward to tie up with Payworld for distributing prepaid cards to their customers,. Payworld will be distributing Yes Money Prepaid Cards through its Business Correspondent Agent Network in partnership with Yes Bank”. Payworld stated.

    For payments, withdraw money from an ATM as well as at POS terminals these Open Loop prepaid cards can be safely used because of its PIN protecting feature. This plan also benefits their customers by giving accident insurance coverage of about 10,000.
  4. Anchal Jyoti our new Election Commissioner:
    Retired from the post of Chief Secretary in January 2013, Anchal Jyoti is appointed as New Election Commissioner today.

    Jyoti will serve his EC position for nearly three years till he strikes 65 which is defined age for ECs to depart his duty given in the Constitution. After H S Brahma promoted as CEC and Anchal appointed as EC there left one post of EC vacant for which the Government is working for.
  5. President bestowed with Honorary Doctor Award:
    These days, President Pranab Mukherjee is in Moscow to attend the Victory Day parade where he was warmly welcomed with the award of Honorary Doctor by the Diplomatic Academy of the Ministry of Foreign Affairs of the Russian Federation.

    “This partnership is important for us” President stated while paying his gratitude and talking about the importance of India and Russia's relationship.
  6. RBI introduced new framework to put a check on Loan frauds:
    In the financial sector, loans related to frauds are increasing at high! So as to put a check on, RBI introduced a new framework, including the procedure of early warning to the banks and brought out Red flagged account (RFA).

    In this case, defrauders will have no access to their accounts as well Central bank is all set to introduce central fraud registry stuffed with information about defrauders, their accounts and past frauds committed with any bank.

    Moreover, CBI and CEIB(Central Economic Intelligence Bureau) can also access these data to catch defaulters with ease.