This page needs JavaScript activated to work. Daily Current Affairs : 1st May 2019.
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Daily Current Affairs : 1st May 2019.

Labour/Workers' Day Day: 1 May

May Day is also called Workers' Day or International Workers' Day is observed every year on 1 May.

The day celebrates the struggle, dedication and commitment of the working class.

Labour Day has its origins in the labour union movement in the United States in the 19th century when the industrialists used to exploit the labour class and made them work up to 15 hours a day.

The theme of Labour Day 2019 is 'Uniting Workers for Social and Economic Advancement'.

 

Claire Polosak became the first female umpire to officiate in a men's ODI

Claire Polosak becomes first female umpire to officiate men's ODI. Australia's Claire Polosak will become the first female umpire to officiate in a men's one-day international at the ICC World Cricket League Division Two on Saturday. Polosak will stand in the final between tournament hosts Namibia and Oman.

Raheem Sterling named 2019 FWA footballer of the year

Raheem Sterling named 2019 FWA footballer of the year. Raheem Sterling has been named the 2019 footballer of the year by the Football Writers' Association (FWA). The Manchester City and England forward topped the poll of the 400-strong FWA membership as a clear winner, with 62 percent of the votes.

India ranks 4th in biggest military spender

Stockholm International Peace Research Institute's (SIPRI) report said that India is the world’s fourth biggest military spender in 2018. The United States topped the list and it is followed by China and Saudi Arabia.  India was the fifth largest military spender in 2017. France also figures on the list of top five spenders that together accounted for 60% of the global military spending in 2018. India accounts for 3.7% of the global defence spending. 

Benjamin Netanyahu sworn-in as Israel's PM

The current Prime Minister is Benjamin Netanyahu of Likud, the ninth person to hold the position (excluding caretakers). Following an election, the President nominates a member of the Knesset to become Prime Minister after asking party leaders whom they support for the position.

Term length: 4 years (maximum)

IRDAI formed 13 member panel

The Insurance Regulatory and Development Authority of India (IRDAI) has formed a panel to review the existing regulatory framework on microinsurance and recommend measures to increase penetration.

Suresh Mathur, Executive Director, IRDAI, is the chairman of the committee, which will have 13 members. It will suggest product designs with customer-friendly underwriting, including easy premium payment methods.

RBI proposed strict rules on opening and running of current accounts of corporate borrowers in order to tackle fund diversion

India’s Central Bank, the RBI would tighten rules on opening and operating current accounts of corporate borrowers

This would be done to prevent the diversion of funds.

The rules would be applicable to corporates who have borrowed and used credit facilities of more than Rs 50 crore from the banking system

 

Raheem Sterling named 2019 FWA footballer of the year

Raheem Sterling named the 2019 footballer of the year by the Football Writers' Association (FWA). The Manchester City and England forward topped the poll of the 400-strong FWA membership as a clear winner, with 62 per cent of the votes.  It was more than 100 votes ahead of Liverpool defender Virgil Van Dijk. Sterling lost out to Van Dijk in the race for the Professional Footballers' Association (PFA) award but was announced PFA young player of the year.

US to withdraw from the U.N. Arms Trade Treaty

US President Donald Trump stated that his administration is withdrawing the U.S. signature from the U.N. Arms Trade Treaty, in response to concerns from gun rights activists that it could impinge on Americans’ right to bear arms. Former US President Barack Obama signed the treaty in 2013 and sent the treaty to the Senate for ratification.
The Trump administration has rejected or withdrawn from a number of international agreements signed by his predecessors, including the Iran nuclear deal.