3 May 2018 Current Affairs For Government Exam

Following is the 3 May 2018 Current Affairs For Government Exam

1. Government doubles Pradhan Mantri Vaya Vandan Yojana (PMVVY) pension investment limit.

The government has doubled the investment limit to Rs 15 lakh under the Pradhan Mantri Vaya Vandan Yojana (PMVVY) pension scheme.
They extended the subscription period by two years till March 31, 2020.
PMVVY is for senior citizens and was available from 4th May 2017 to 3rd May 2018.
The scheme provides an assured pension based on a guaranteed rate of return of 8% per annum for ten years.

2. Centre allows private poppy cultivation.

The Centre has taken the first step towards privatisation of poppy cultivation and extraction of opium.
Opium is the source of alkaloids such as morphine, codeine and the baine.
These are used in anti-addiction therapies and medicines that treat extreme pain, such as in cancer patients.
Opium production in India is highly controlled & farmers sell their produce to the government.

3. Maharashtra to issue land document online.

Maharashtra has become the first state in India to provide digitally-signed land record receipts (also known as 7/12 receipts).
The 7/12 receipt is extensively used by farmers for loan agreements, crop survey and for availing of government facilities.
Earlier the hand-written 7/12 receipts were prepared by talathis, who solely had the power to make changes in the documents.

4. Online system for grant of security clearance.

An online system for grant of security clearance to international conferences, seminars and workshops organised in India was launched by the Home Ministry.
The online portal “https://conference.mha.gov.in” was launched by Union Home Secretary Rajiv Gauba.
Obtaining clearances for organising a conference, issue of conference visa to foreign delegates was an offline procedure till now.

5. Government aid to reduce sugarcane dues in sugar season 2017-18.

The Cabinet Committee on Economic Affairs has given its approval to provide financial assistance of Rs. 5.50 per quintal of cane crushed in sugar season 2017-18 to sugar mills.
This will help sugar mills to clear cane dues of farmers.
The assistance shall be paid directly to the farmers on behalf of the mills.

6. ‘Go to Village’ mission launched in throughout the state of Manipur.

Manipur Chief Minister N. Biren Singh launched ‘Go to Village’ mission throughout the state of Manipur.
The mission was launched on May 2 in 60 villages of all the 60 Assembly constituencies.
The mission is aimed at identifying the eligible and deserving beneficiaries in every corner of the state and delivering government services at their doorstep.

7. Cabinet approve accession to the WHO Protocol.

Cabinet has given approval to accede to the Protocol under World Health Organization Framework Convention on tobacco control (WHO FCTC) to eliminate illicit trade in tobacco products.
It will be applicable to both smoking and chewing or smokeless tobacco forms as negotiated and adopted under Article 15 of the WHO FCTC.
The 7th Session of the COP7 to the FCTC was held in Greater Noida in 2016

8. India become one of the world’s five largest military spender.

India has surpassed France to become one of the world’s five largest military spenders.
Swedish arms watchdog Stockholm International Peace Research Institute (SIPRI) Report Said.
The other countries in top five include the US, China, Saudi Arabia, and Russia.

9. India’s economy likely to grow at 7.3% in fiscal 2017-18.

According to a BMI Research, a Fitch group company, the economic growth in India is expected to strengthen to 7.3% in financial year 2018-19 from 6.6 per cent in fiscal 2017-18.
On the back of robust activity from construction, manufacturing, and services sectors.

10. Prime Minister of Gabon Emmanuel Issoze Ngondet resigns.

Gabon’s Constitutional Court ordered the Prime Minister Emmanuel Issoze Ngondet to resign.
The lower house of parliament dissolved after legislative elections scheduled for the weekend were delayed.

11. Jagdish sworn-in as acting Manipur Governor.

Jagdish Mukhi has been sworn in as the acting Governor of Manipur by the acting Chief Justice of Manipur High Court, Justice N Kotiswar Singh.
Mukhi will hold office in the absence of Governor Najma Heptullah.
Mukhi is the governor of Assam & Meghalaya.
Article 153 states that nothing shall prevent the appointment of the same person as Governor for two or more States.

12. Salah named writers’ Footballer of the Year.

Liverpool forward Mohamed Salah has been named the Football Writers’ Association Footballer of the Year.
The Egypt star – the first African winner of the award – also won the Professional Footballers’ Association player of the year award in April.

13. ICICI Bank names Radhakrishnan Nair as Independent Director.

Former IRDAI member Radhakrishnan Nair has been appointed to ICICI Bank’s board as an Additional (Independent) Director for a period of five years.
His appointment is subjected to the approval of shareholders.

14. Subhash Chandra Khuntia appointed chairman of IRDA.

Subhash Chandra Khuntia has been appointed as Chairman of Insurance Regulatory and Development Authority of India (IRDAI).
He was a 1981-batch Indian Administrative Services (IAS) officer who was a former Karnataka Chief Secretary.

15. England jump up to number one in ODI rankings.

England has replaced India at the top of International Cricket Council one-day rankings.
England, who last topped the ODI rankings in Jan 2013, has gained 8 points & moved to 125 points.
India with 122 points is at the 2nd position followed by South Africa & New Zealand.
England’s rise up the table is because the forgettable 2014-15 season was dropped from the latest calculations.

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