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MBA GK Updates May 12 - May 19 2018

MBA GK Updates May 12 - May 19 2018

TestFunda ,  21-May-18
BS Yeddyurappa Resigns Before Trust Vote, Says Would Have Made Karnataka "Paradise"
India > Karnataka Trust Vote > May 19

Two days after he took oath as the chief minister of Karnataka, BJP leader BS Yeddyurappa resigned today, just minutes before his minority government was to take a trust vote on the floor of the assembly. In an emotional speech, the BJP's tallest leader in Karnataka, said, "If only people would have given us 113 seats instead of 104, we would have made this state a paradise." The BJP is short of a majority and has been accused by the opposition Congress and Janata Dal Secular of trying to bribe and threaten their lawmakers.

Railways to install ‘panic button’ in trains for women safety
India > women safety > May 16

With a view to strengthen security of women passengers in trains, the North Eastern Railway (NER) plans to deploy women police personnel on trains during night hours as well as install ‘panic buttons’ in coaches.

BSE is first Indian exchange to get US SEC recognition
India > BSE > May 16

BSE, Asia's oldest stock exchange, has become the first Indian exchange to be recognised as a designated offshore securities market (DOSM) by the U.S. Securities and Exchange Commission (SEC) “The DOSM status allows sale of securities to U.S. investors through the trading venue of BSE without registration of such securities with the U.S. SEC and thus eases the trades by U.S. investors in India,” the BSE said in a statement while adding that it will primarily benefit securities issued in US private placements to institutional investors.

Scam-hit PNB posts record ₹13,416.9 cr. loss
Bank > PNB > May 16

Fraud-hit Punjab National Bank reported a ₹13,416.91 crore loss in the fourth quarter of 2017-18, compared with a ₹261.9 crore profit a year earlier.

SC to examine if pleas challenging Article 35A should be referred to Constitution Bench
India > Article 35A > May 16

The Supreme Court will examine fervent pleas for a five-judge Constitution Bench to decide whether special status granted to Jammu and Kashmir is unconstitutional.

Toll in storms, lightning crosses 80 in five States
India > Article 35A > May 15

Over 80 people have been killed in five States due to thunderstorms and lightning strikes since Sunday, with Uttar Pradesh alone recording 54 deaths, according to official figures released on Monday.

Mumbai attacks: Pakistan PM says Sharif misquoted
India > Mumbai attacks > May 14

The controversy created by the remarks of former prime minister Nawaz Sharif on Mumbai Attacks continued after Prime Minister Shahid Khaqan Abbasi said on Monday that the remarks were quoted out of context and blamed Indian media for twisting the remarks. Although Mr. Sharif reiterated his stance on the remarks and again repeated them in front of the media on his appearance before an accountability court where he is facing

55 dead in Gaza protests as Israel celebrates US Embassy move
World > Gaza > May 14

In a jarring contrast, Israeli forces shot and killed at least 55 Palestinians and wounded more than 1,200 during mass protests on Monday along the Gaza border, while just a few miles away Israel and the U.S. held a festive inauguration ceremony for the new American Embassy in contested Jerusalem.

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