Current Affairs in Short: 18 May 2018
Karnataka Governor Vajubhai Vala on May 18, 2018 appointed BJP legislator K.G. Bopaiah as Karnataka Assembly's Pro-Tem Speaker for administering oath to all newly elected legislators on May 19, 2018, ahead of the floor test directed by the Supreme Court.
SC orders Karnataka Floor Test on May 19
• The Supreme Court on May 18, 2018 scheduled the Karnataka assembly floor test on May 19, 2018, – slashing the 15-day window given by governor Vajjubhai Vala to BJP chief minister BS Yeddyurappa to prove his majority.
• Now, the Pro-Tem Speaker will take decisions in accordance with the law on the issue of the floor test.
• The apex court was hearing a petition moved by the Congress-JD(S), challenging the governor’s decision to invite the BJP to form government in the state.
KG Bopaiah appointed as Pro-Tem Speaker for Karnataka assembly floor test
• Karnataka Governor Vajubhai Vala on May 18, 2018 appointed BJP legislator K.G. Bopaiah as Karnataka Assembly's Pro-Tem Speaker for administering oath to all newly elected legislators on May 19, 2018, ahead of the floor test directed by the Supreme Court.
• Bopaiah is a three-time legislator from Virajpet seat in Kodagu region.
• He served as the Speaker during the Bharatiya Janata Party rule in Karnataka during 2008-13.
BSE is first to get US SEC recognition
• The Bombay Stock Exchange received the recognition certificate of ‘Designated Offshore Securities Market’ (DOSM) from the United States Securities and Exchange Commission (SEC).
• This will help in the sale of securities to US investors through the BSE platform without registration of such securities with the US SEC.
• The BSE becomes the first exchange in India to receive the DOSM recognition.
IISER develops device to detect and remove arsenic from water
• Indian Institute of Science Education and Research (IISER) in collaboration with private company has developed a new device ‘Arsenic Sensor and Removal Media’ to detect and remove arsenic content from water and make it safe and usable by households.
• The device is easy to use, very cost effective and anyone can use it to detect arsenic easily.
• It uses very simple and household detection sensing methodology.
RBI modifies norms for setting up of IFSC Banking Units
• The Reserve Bank of India modified norms for setting up of the International Financial Services Centres (IFSC) Banking Units (IBUs) by banks in IFSCs.
• The modification makes mandatory for parent bank to provide and maintain at all times minimum capital of USD 20 million or equivalent in any foreign currency to its IBU.
• However, minimum prescribed regulatory capital, including for exposures of IBU, should be maintained on on-going basis at parent level.
Delhi to become the most populous city: UN estimates
• According to the United Nations estimates, Delhi is projected to become the most populous city in the world around 2028.
• Tokyo is the world’s largest city with population of 37 million inhabitants, followed by New Delhi with 29 million and Shanghai with 26 million.
• The projected population size of New Delhi in 2028 is about 37.2 million.
Guwahati: India’s first solar powered railway station
• Guwahati now has India’s first railway station run by solar power.
• Around 2352 solar modules with a capacity of generating 700 kwp has been set up over the roof of the Guwahati railway station.
• The solar power plant will save Rs 67 lakh worth of electricity.