Daily Current Affairs Digest – May 5

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Daily Current Affairs Digest: May 4th, 2017 - Top 5 GK updates

Daily Current Affairs Digest has been specially been compiled by us to help you stay aware of all the events that happen around you and the world. Our daily current affairs digest will help you immensely while revising for the general awareness sections of all major competitive examinations.

Daily Current Affairs Digest

Here are the top 5 events that made their place in our daily current affairs digest.

1. South Asia Satellite: Scientists hold their breath hours before lift off
2. Prabhat Kamal bezboruah 1st non-IAS to head tea board
3. India’s First Private Sector Small Arms Manufacturing Plant Inaugurated
4. Pune pips Mumbai as corruption capital
5. Realty act prescribes 10% interest for delay in delivery of homes

 

South Asia Satellite: Scientists hold their breath hours before lift off

  • South Asia Satellite will lift off today from Sriharikota in Andhra Pradesh. The Rs. 235-crore communications satellite will be propelled into space by the Geo-Synchronous Satellite Launch Vehicle (GSLV).
  • The satellite, which will cater to seven nations, including India, has been built in three years. The biggest beneficiaries however could be Bhutan and Maldives as the rest have their own fledgling space programmes. India’s most hostile neighbour Pakistan is not participating in the project..
  • The Indian space agency ISRO built the 2,230-kg communication satellite over three years.


Prabhat Kamal bezboruah 1st non-IAS to head tea board

  • Renowned tea planter from Assam Prabhat Kamal Bezboruah, who was once a banker in the US, has been named the new chairman of the Tea Board of India
  • Bezboruah becomes the first non-IAS and an industry insider to be at the helm of the Kolkata-headquartered Tea Board, the governing body of the industry.

 

India’s First Private Sector Small Arms Manufacturing Plant Inaugurated

  • India’s first private sector small arms manufacturing plant has been inaugurated in Madhya Pradesh to supply world class weapons to the armed forces in line with the India’s defence indigenisation programme.
  • The plant is a joint venture between India’s Punj Lloyd and Israel Weapon Systems. The plant will manufacture four products, namely, X95 carbine and assault rifle, Galil sniper rifle, Tavor assault rifle and Negev Light Machine Gun (LMG).
  • The joint venture company named as Punj Lloyd Raksha Systems will help in replacing the weapons used by the armed forces with sophisticated and high precision products..
  • The plant has been commissioned ahead of Prime Minister Narendra Modi’s upcoming visit to Israel during which many more defence pacts are expected to be signed.

 

Pune pips Mumbai as corruption capital

  • ACB arrested 24 government officials in Pune, 18 in Thane and 11 in Mumbai.
  • When it comes to the various government offices, the revenue department was found to be the most corrupt

 

  • Realty act prescribes 10% interest for delay in delivery of homes
  • No registration of projects unless builder agrees to pay penalty at this rate
  • Officials said the builders need to apply for registration for ongoing projects only by July 31.
  •  RERA will help facilitate completion of projects so that all buyers can be satisfied.

 

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