Current Affairs 10 May 2022:Current Affairs play a vital role in any competitive exam as they have a high weightage in the exam. Several questions are asked in the examination about current affairs as well as static awareness. Thus, it is necessary for the candidates to be updated with all the recent updates or trending news. It will help the applicants to attempt questions from the current affairs section and get desired marks in the examination. To help you prepare for the competitive exams, in this article, we are going to provide you with all recent updates and Current Affairs 10 May 2022. So, without getting late, read this article completely and get the updates on recent trending news and all the important current affair news 10 May 2022.
John Lee Ka-Chiu, a former security chief, has recently been elected as Hong Kong’s next leader.
The Chinese Government wants to tighten its grip on the city. For this purpose, this move is taken by the government.
John Lee replaced Carrie Lam after the city’s chief executive election was held. John Lee will start his five-year term as the city’s chief executive, from 1st July 2022.
In UAE T20 League, Adani Group Acquires Franchise
In UAE T20 League, Adani Sportsline which is a part of the Adani Group has acquired the rights to own and operate a franchise.
The UAE T20 League, licensed by the Emirates Cricket Board, will be an annual event that will feature 6 teams competing in a 34-match event.
In UAE T20 League, Lancer Capital, GMR Group, Capri Global, and Reliance Industries Limited have acquired a team each.
To Increase Capacity, the Indian Navy Plans To Purchase the GISAT-2 Satellite
This fiscal year as part of its modernization, the Indian Navy is planning to purchase the GISAT-2 (Geo Imaging Satellite-2) satellite.
The GISAT-2, if operational, is likely to improve the navy’s operating capabilities in the Indian Ocean region, which is geopolitically and strategically crucial, especially given China’s growing influence.
According to recent information from the Ministry of Defence, the Geo Imaging Satellite-2 is one of 21 planned procurements, including several long-term buys.
Loan EMIs are Likely To Go Up As HDFC Bank Hikes MCLR Across all Tenors
With the effect from May 7, 2022, HDFC Bank has increased its MCLR (Marginal Cost Based Lending Rate) by 25 basis points (bps) on all tenors of loans.
According to the website of the bank, the overnight MCLR stands at 7.15% compared to 6.9% earlier.
Banks began to increase deposit and lending rates after a mid-cyclic RBI rate hike.
As a result of this hike, the cost of housing, vehicle, personnel, and other loans will increase.
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