1.Prime Minister Narendra Modi will visit Russia on May 21 for an informal summit with Russian President Vladimir Putin in the city of Sochi.The two leaders will discuss their respective national developmental priorities and bilateral matters.This informal summit in Sochi is in keeping with the tradition of regular consultations between India and Russia at the highest levels.
2.Famous theoretical physicist EC George Sudarshan passed away in Texas, USA.He worked in the subjects of quantum Zeno effect, optical coherence, open quantum system, non-variance groups among others.
3.India could witness the creation of more than 3 million jobs if it adopts sustainable practices for a green economy, the International Labour Organization said in the “World Employment and Social Outlook”.All sectors, except the mining industry, will experience an increase in employment.The transition to a green economy in India will inevitably cause job losses in certain sectors.
4.Ministry of New and Renewable Energy has issued National Wind-Solar Hybrid Policy.The objective of the policy is to provide a framework for the promotion of large grid-connected wind-solar PV hybrid system for efficient utilization of transmission infrastructure and land.It also aims at reducing the variability in renewable power generation and achieving better grid stability.
5.WHO has launched a comprehensive plan to “REPLACE” to eliminate industrially-produced artificial trans fats from global food supply by 2023.REPLACE stands for review dietary sources, promote the use of healthier fats, legislate, assess changes, create awareness and enforce.REPLACE package is the first time WHO is calling for the elimination of something other than a noncommunicable disease.
6.The founder of Sulabh International, Dr Bindeshwar Pathak, has been honoured with the Nikkei Asia Prize in Japan for his contribution to Asia’s development.Pathak is among the three who have been conferred with the award.Nikkei Inc., one of the largest media corporations in Japan, has been presenting the awards since 1996.
7.The Union Environment Ministry launched its full-fledged Green Skill Development Programme (GSDP) that aims to train over 5.5 lakh workers in environment and forest sectors in the country through 30 courses by 2021.Environment minister Harsh Vardhan also unveiled a related mobile app (GSDP-ENVIS).The GSDP was launched last year as a pilot project in 10 districts of the country.
8.RBI has imposed restrictions on Allahabad Bank, including on expansion of risky assets, creation of non-banking assets and accessing/renewing wholesale/costly deposits.RBI has also asked the bank to reduce exposure to unrated and high-risk advances.The RBI directive comes in the wake of the bank’s common equity tier-1 breaching the minimum regulatory requirement of 7.37% in March 2018.
9.China’s largest bank, Industrial & Commercial Bank of China has launched country’s 1st India-dedicated publicly offered investment fund.The fund will invest in exchange-traded funds listed on more than 20 exchanges in Europe & US that are based on Indian market.The bank said that the Indian market offers the best opportunity for Chinese investors due to the prospects of double-digit growth.
10.Former Rajya Sabha MP and country's famous litterateur and poet Balkavi Bairagi passed away. He was 87 years old.
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