May 2014 Current Affairs PDF: Important Current Affairs

Friends, we are back! We know that you have been waiting for a long time for our May 2014 current affairs updates. We were unable to publish any updates on this website. Many of our readers have requested us to publish current affairs and other updates regarding IBPS, SBI, RBI recruitment exam. Now we are going to publish the most important current affairs of May 2014. You may download the pdf of May 2014 current affairs.

Most Important Current Affairs of May 2014

National News

The Reserve Bank of India allowed minors above the age of 10 to open and operate savings bank accounts independently.
Reserve Bank of India (RBI) on 9 May 2014 barred Indian companies from raising the External Commercial Borrowings (ECB) from overseas branches and subsidiaries of Indian banks for refinance or repayment of the Rupee loans raised from domestic banking system.
Raghuram Rajan, the Governor of the Reserve Bank of India (RBI) announced that plastic currency notes will be launched in 2015 after field trials.
Bharatiya Mahila Bank included in second schedule to RBI Act, 1934
Supreme Court of India banned use of bulls for Jallikattu (bull-fighting) events or bullock
-cart races.
Supreme Court of India ordered CBI inquiry into multi crore Saradha chit fund scam.
Chairman of Railway Board Mr. Arunendra Kumar released a book entitled "India Junction A Window to the Nation".
The Odisha government has signed an agreement with the TiE Silicon Valley as part of its efforts to develop the state as an IT hub and attract US investment.
Asia's biggest milk brand Amul announced to set up a dairy processing plant in Varanasi. The plant will initially process five lakh litres per day with the capacity to double the production.
President dissolved the Lok Sabha on the advice of outgoing Union Cabinet led by Prime Minister Manmohan Singh who resigned on 17 May 2014.
21st May 2014 was observed as Anti-Terrorism Day throughout the country.
Narendra Modi took oath as 15th Prime Minister of India, with 24 Cabinet and 21 Ministers of State.
PM Mr. Narendra Modi created a new Ministry of Skill development and Entrepreneurship. It was created recognizing the importance of skill development in India.
RuPay, India’s indigenous card payment network launched by President Pranab Mukherjee is developed by the National Payments Corporation of India (NPCI).
The GDP rate of India is likely to accelerate to 6.8 per cent over the next two years as
per a report published by Morgan Stanley.
The Union Government of India on 30 May 2014 signed a credit agreement of 121.20 million US dollar from the World Bank for the Uttarakhand Decentralized Watershed Development Project (UDWDP).
Lieutenant General Dalbir Singh Suhag's name was cleared by government as next Army Chief after General Bikram Singh retires on July 31st 2014.
Justice BS Chauhan, the Judge of the Supreme Court of India was appointed as the Chairman of the Cauvery Water Disputes Tribunal (CWDT).

Mr. Ashwin B. Pandya, has been appointed as the Chairman of Central Water Commission & Ex-officio Secretary to the Government of India.
Veteran Congressleader Mr. Nabam Tuki sworn-in as the eighth Chief Minister of Arunachal Pradesh for the second consecutive term.
Mr. Jitan Ram Manjhi was sworn in as the new Chief Minister of Bihar in place of Nitish Kumar.
Mr. Pawan Chamling was sworn in as Sikkim Chief Minister for the record fifth consecutive time.
Anandiben sworn-in as first woman Chief Minister of Gujarat
TR Zeliang sworn-in as new Chief Minister of Nagaland
Ahmed Maitiq sworn-in as the new Prime Minister of Libya
Mukul Rohatgi appointed as new Attorney-General of India
Former IB chief Ajit Doval appointed as new National Security Adviser
Russi Mody, Former Chairman and Managing Director of Tata Steel passed away in Kolkata on 16th May 2014, He was 96 years old.
Veteran nuclear scientist and Padma Bhushan recipient, N Srinivasan passed away due to cardiac arrest on 18th May 2014.He was 84 years old.
Malavath Poorna, a 13-years and 11-month old girl of Andhra Pradesh became the youngest woman to climb the Mount Everest, the highest peak in the world.

International News

India-born Hinduja brothers, Srichand and Gopichand Hinduja, have emerged as the richest men in Britain with a net wealth of 11.9 billion pounds (about $20 billion).
Former Israeli Prime Minister Ehud Olmert sentenced to six years in prison on charges of bribery by a court in Tel Aviv.
Russia and China on 22 May 2014 exercised their veto power against a draft resolution which was intended to refer the Syrian civil war to the International Criminal Court (ICC).
Mauritius on 27 May 2014 decided to provide automatic tax information exchange to India.
Google launched a service for Europeans named right to be forgotten.
Panamanian Vice-President Juan Carlos Varela won the presidential election. He will be assuming office from 1st July 2014.
On 5th May 2014, Prime minister of Slovenia, Alenka Bratusek handed in her resignation to parliament after losing the battle for the leadership of the Positive Slovenia
World Bank Group Appoints Hiroshi Naka as Vice President and AuditorGeneral of World Bank
Nobel Laureate economist Gary Becker passed away at age of 93 due to illness in Chicago on 3rd May 2014.
World Press Freedom Day was observed on 3 May 2014 across the world. The theme of 2014 year is: Media Freedom for a Better Future: Shaping the post-2015 Development Agenda.
Caparo Group won the International Business of the Year award 2014 at the Asian Business Awards Midlands in Birmingham.
Scientists of NASA’s Ames Research Center in Moffett Field, California have reproduced the processes that occur in the atmosphere of the red giant star and lead to the formation of planet-forming interstellar dust.
The World Anti-Doping Agency (WADA) added two noble gases Xenon (Xe)and Argon (Ar) in the list of banned/ prohibited substances list.

Japanese national, Hiroshi Naka was appointed as the Vice President and Auditor General of World Bank.
Exhibition on 100 years of World War I started at the German Historical Museum, Berlin. The exhibition will run until the end of 2014.

Sports Updates

2nd Summer Youth Olympic Games are to be held from 16th to 28th August 2014 in Nanjing, China.
Trap Shooter Manavjit Sandhu ranked at third spot in ISSF World Ranking.
Indian Cricket Player Virat Kohli has reclaimed the No. 1 position in the latest ICC Player Rankings for ODI batsmen.
Waqar Younis, who is former fast bowler of Pakistan, has been appointed national coach for two years. Waqar Younis will be joining his new role in June 2014.
AIBA approved a new body Boxing India, as the provisional National federation to represent the India.
Serena Williams of US won the Women's Italian Tennis Open 2014 for the third time.
The Italian Open 2014 was held in Rome Italy from 11 May 2014 to 18 May 2014. It is
red clay tennis tournament after French Tournament.
Japan bagged AFC Women's Asian Football Cup 2014

Prize and Award Winners

A documentary film, Silen t Screams –Ind ia's Fight Against Rape won three awards at the 2014 New York Fes tivals In ternational TV and Film Awards.
The former President o f India, Dr.APJ Abdul Ka lam has been awarded an honorary degree by the University of Edinburgh.
Film Win ter Sleep honoured with Palme d'Or Award at 67th Cannes Film FestivalMay 29Vishwanath Tripathi received Vyas Samman 2013
UN secretary General Ban Ki-moon awarded the prestigious Dag Hammarskjold medal to the eight Indian soldiers, who lost their lives in peacekeeping operations in 2013.

Science and Technology

The world's highest tunnel for high-speed trains in northwest China became operational at an altitude of 3,607.4 metres.
World’s first Electric E-Fan Aircraft Completes its Maiden Flight in Bordeaux, France. Toulouse-based Airbus made it.
First indigenously developed air-to-air missile Astra successfully test fired from a Sukhoi-30MKI fighter jet over the Arabian Sea off Goa.
Pakistan successfully test-fired Hataf-III Ghaznavi missile. Hataf-III Ghaznavi missile is a short range surface-to-surface Ballistic Missile.
Indian Air Force (IAF) conducted the tests of Supersonic Akash air defence missiles which successfully intercepted the targets.
The private space travel firm Space X unveiled its new manned Dragon V2 Capsule to take astronauts into Low-Earth orbit and beyond.