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25 May 2017 Current Affairs

1) Indian Railways on 22 May 2017 introduced the Tejas Express – the new high speed, ultra-modern, air-conditioned express train series that is capable of running at the speed of 200 kmph. The first Tejas Express has been introduced between which stations? – Chhatrapati Shivaji Terminus Mumbai and Karmali (Goa)

Explanation: The first Tejas Express (Train No. 22119/22120) was flagged-off by Rail Minister Suresh Prabhu from Chhatrapati Shivaji Terminus on 22 May 2017. The train will cover the distance between Chhatrapati Shivaji Terminus (Mumbai) and Karmali (Goa) in 7 hours and 30 minutes.

 Indian Railways has pitched the Tejas Express as a train that offers airline-like features. Each seat has a personalised touch control-enabled TV screen that allows you to play pre-recorded movies, music and also displays passenger information.

 For the first time ever, Indian Railways has introduced ‘automatic entrance plug-type doors’ in the Tejas Express. The control of these doors lies with the guard – a good move to ensure safety of passengers

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2) On 23 May 2017 which entity became the third entity in India to launch a payments bank? – Paytm

Explanation: Digital payments firm Paytm on 23 May 2017 became the third entity in the country to launch a payments bank after Airtel and India Post. It launched its payments bank with offers like 4 percent interest rate and cashbacks on deposits, zero fees on online transactions and no minimum balance requirement.

 Paytm is backed by Chinese firm Alibaba and Japanese conglomerate SoftBank and is targeting 500 million customers by 2020. It has earmarked initial investment of Rs. 400 crores to build its banking network over two years.

 The company at present has around 220 million customers who use its digital wallet. The wallets will be shifted to the payments banks and users will have to comply with ‘Know Your Customer’ (KYC) norms for opening accounts. It is setting up KYC centres across India to assist its customers in opening accounts.

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3) Which English city was hit by a suspected terror attack on a music concert in the late hours of 22 May 2017 resulting in the death of at-lest 19 persons? – Manchester

Explanation: On 22 May 2017, an explosion occurred just outside the Manchester Arena in Manchester (United Kingdom), at the end of a concert by the American pop singer Ariana Grande. 22 persons died in this explosion while around 60 persons were injured.

 According to the preliminary investigations by the police, the lone male attacker, who died in the blast, was carrying an improvised explosive device which he detonated. The bombing appeared intended to inflict the maximum possible damage on young concertgoers.

 If confirmed as a terrorist attack, it would be the worst strike on British soil since 2005, when Islamist extremists bombed the London subway and a bus, killing 54 people.

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4) Which executive of Aditya Birla group was appointed group Chief Financial Officer (CFO) of Tata Sons Ltd., as announced on 22 May 2017? – Saurabh Agrawal

Explanation: 48-year old Saurabh Agrawal, head of corporate strategy at the Aditya Birla group, has been named group chief financial officer (CFO) of Tata Sons Ltd. He will join the holding company of the salt-to-software conglomerate from July 2017.

 He will bring to the $103-billion Tata Group the experience of having steered the biggest merger and acquisition transaction in the country – the merger of Idea Cellular Ltd with Vodafone Group Plc., a deal worth $23 billion.

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5) What is the name of the iconic 146-year old American circus that was promoted as ‘The Greatest Show on Earth’ by its promoters and which presented its last show on 21 May 2017? – Ringling Bros. and Barnum & Bailey Circus

Explanation: Ringling Bros. and Barnum & Bailey Circus, the iconic American circus gave the final performance of “The Greatest Show on Earth” to a sold-out crowd at Nassau Coliseum in New York on 21 May 2017, before saying final goodbye to its fans.

 The circus that was established on 10 April 1871 went out of business responding to a prolonged slump in ticket sales that has rendered the business unsustainable.

 The circus started its operations as Ringling Bros. Circus and after acquiring the Barnum & Bailey Circus, came to be known as Ringling Bros. and Barnum & Bailey Circus.

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Source :-  Nirdeshak.com

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