Daily Current Affairs Digest – May 18

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Daily Current Affairs Digest

Daily Current Affairs Digest for helping you crack the general awareness section of competitive exams.

Daily Current Affairs Digest- April 18th, 2017

1.Indian-American student wins National Geographic Bee contest
2.General Motors to stop selling cars in India, but to keep manufacturing centre
3.Indian scientist Shrinivas Kulkarni wins Dan David Prize
4.PM Modi-led Cabinet approves pharma mission to develop bio pharmaceuticals
5.Tata Group is India’s most valuable brand: Brand Finance.

Indian-American student wins National Geographic Bee contest

  • Pranay Varada won the prestigious $50,000 National Geographic Bee competition.
  • He is an eighth grader from Texas, was a runner up last year.
  • He was declared the winner as he won the first tie breaker question

 

General Motors to stop selling cars in India, but to keep manufacturing centre

  • General Motors Co will stop selling cars in India from the end of this year, drawing a line under two decades of battling in one of the world’s most competitive markets where it has less than a one percent share of passenger car sales.
  • Chevrolet is the only GM brand which is sold in India.GM will continue to operate Talegaon factory as export-only unit
  • It will also keep its tech centre in Bengaluru. Decision is a part of a series of restructuring measures

 

Indian scientist Shrinivas Kulkarni wins Dan David Prize

  • Indian scientist Shrinivas Kulkarni has won the prestigious Dan David prize as recognition for his contributions made in the field of astronomy.
  • He has been credited for building and conducting the Palomar Transient Factory, which is a large-area survey of the night sky that has turned up with thousands of stellar explosions.
  • The Dan David Foundation was established in 2000 by the late Dan David, an international businessman and philanthropist.

 

PM Modi-led Cabinet approves pharma mission to develop bio pharmaceuticals

  • The Cabinet Committee on Economic Affairs (CCEA) has approved a collaborative mission between industry and academia called ‘Innovate in India empowering biotech entrepreneurs and accelerating inclusive innovation‘ that is aimed at accelerating research for early development of bio-pharmaceuticals.
  • The mission would attract an investment of Rs 1,500 crore from the central government over a period of five years. Half of the funding would be funded through a loan from World Bank.

 

Tata Group is India’s most valuable brand: Brand Finance

  • Tata Group is the most valuable brand in India at an estimated $13.1 billion, according to Brand Finance, a global brand valuation and strategy consultancy firm.
  • Tata topped the list of India’s 100 most valuable brands once again despite its value declining 4% from $13.7 billion in 2016. However, the decline is less than 11% between 2015 and 2016..

 

The above daily current affairs digest has been compiled by Sagrika Mehta

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