Daily Current Affairs May 19

Dear Champions, as you all know that a lot of competitive exams have been notified consequently. Candidates have to prepare themselves according to the level of competition and expectation of the Recruitment board. Regarding that one of the most important topic is Daily Current Affairs May 19. Current Affairs in the form of contemporary events of national & international play a crucial role in almost every competitive exams like Banking, Insurance, SSC, UPSC, TNPSC, Railway etc.

Current affairs are the most dynamic yet scoring among all sections and need to be prepared from the right source. Here, we cafunsta team, providing  Daily GK Updates, Current Affairs Questions, and Monthly  current affairs pdf.

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May 19| Daily Current Affairs 2022

Important Days – Daily Current Affairs May 19

1. International Museum Day is observed on?
A) May 16
B) May 17
C) May 14
D) May 18
E) May 15
Answer: D) May 18

• International Museum Day is observed on May 18 every year to raise awareness among people about the museums.
• International Museum Day was first held in 1977.

Theme:

• “The Power of Museums”

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2. World Aids Vaccine Day was first observed on?
A) 1995
B) 1998
C) 2000
D) 2010
E) 1990
Answer: B) 1998

• World AIDS Vaccine Day, which is also known as HIV Vaccine Awareness Day, is observed on May 18.
• The first World AIDS Vaccine Day or HIV Vaccine Awareness Day is celebrated on 1998.

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Banking and Finance – Daily Current Affairs May 19

3. MakeMyTrip tied up with how many banks, NBFCs, fintech players for ‘book now pay later’ option?
A) 9
B) 6
C) 15
D) 10
E) 5
Answer: C) 15

• Online travel firm MakeMyTrip has partnered with 15 banks, NBFCs and fintech players, including HDFC Bank, IDFC Bank, Capital float and Zest Money, for its ‘book now pay later’ option while booking flight or hotels.
• The company’s fintech arm TripMoney has established a marketplace attracting 15 banks, NBFCs and fintech players, which also include Kissht, Lazypay and Simpl, among others, to offer easy travel credit to travellers.
• The book now pay later (BNPL) payment has been introduced on bookings for travel, flight or hotels, on MakeMyTripas well as on the Goibibo app.

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Business and Economy – Daily Current Affairs May 19

4. BharatPe launches investment platform for its merchant partners,hq of bharatpe?
A) New Delhi
B) Mumbai
C) Lucknow
D) Hyderabad
E) Kochi
Answer: A) New Delhi

• New Delhi-based fintech firm BharatPe has launched a new investment platform for its merchant partners as it looks to ramp up its wealth management play.
• The platform will give merchants the option to invest in fixed deposits by Unity Small Finance.
• Last year, a partnership between financial services major Centrum and Resilient Innovations, parent of BharatPe, received the central bank’s nod to set up Unity Small Finance, a small finance bank.
• Last year, a partnership between financial services major Centrum and Resilient Innovations, parent of BharatPe, received the central bank’s nod to set up Unity Small Finance, a small finance bank.
• BharatPe aims to facilitate investments for more than 20 lakh merchant partners over the next 12 months via the new platform.

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5. Forex reserves fall by how many billion dollar in September-March: RBI report?
A) 28.07
B) 28.06
C) 28.03
D) 28.04
E) 28.05
Answer: E) 28.05

• The country’s foreign exchange reserves declined by $28.05 billion to $607.31 billion at the end of March this year from $635.36 billion at the end of September 2021, according to an RBI report.
• Reserve Bank of India (RBI) publishes half-yearly reports on management of foreign exchange reserves as part of its efforts towards enhanced transparency and levels of disclosure.
• These reports are prepared every six months with reference to the position as on March and September-end each year.
• The present report, which is the 38th in the series, is with reference to the position as at end-March 2022.
• During the half-year period under review, reserves decreased from $635.36 billion as at end September 2021 to $607.31 billion as at end-March 2022.
• Although both the U.S. dollar and the Euro are intervention currencies and the Foreign Currency Assets (FCA) are maintained in major currencies, the foreign exchange reserves are denominated and expressed in U.S. dollar terms.
• The net forward asset (receivable) of RBI in the domestic foreign exchange market stood at $65.79 billion at the end of March 2022.
• At the end of December 2021, foreign exchange reserves’ cover of imports (on balance of payments basis) declined to 13.1 months from 14.6 months at end-September 2021.
• As of end-March 2022, the RBI held 760.42 metric tonnesof gold (including gold deposits of 11.08 metric tonnes).
• While 453.52 metric tonnes of gold is held overseas in safe custody with the Bank of England and the Bank for International Settlements (BIS), 295.82 metric tonnes of gold is held domestically.
• In value terms, the share of gold in the total foreign exchange reserves increased from about 5.88% as at end-September 2021 to about 7.01% as at end-March 2022, it said.
• Of the total FCA of $540.72 billion in March, $363.03 billion was invested in securities, $140.54 billion was deposited with other central banks and the BIS, and the balance $37.16 billion comprised deposits with commercial banks overseas.

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Acquisitions and Mergers – Daily Current Affairs May 19

6. CCI approved acquisition by Sanoti Properties of shareholding in Magma HDI how many percent?
A) 55.05%
B) 65.93%
C) 65.39%
D) 55.39%
E) 55.93%
Answer: D) 55.39%

• The CCI approves acquisition by Sanoti Properties LLP (Sanoti/Acquirer) of shareholding in Magma HDI General Insurance Company Limited (Magma HDI/Target) under Section 31(1) of the Competition Act, 2002
• The proposed combination is acquisition of 55.39% of the total equity share capital of Magma HDI by Sanoti, by way of a proposed subscription of certain equity shares of the Target along with a proposed simultaneous acquisition of certain equity shares of the Target held by Poonawalla Fincorp Limited and Serum Institute of India Private Limited.
• Sanoti is engaged in the business of development of commercial and residential real estate projects.
• Magma HDI is engaged in the business of general / non-life insurance in India and offers a complete range of general / non-life insurance products.

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7. CCI approves acquisition of majority stake in SMW Ispat by OFB Tech,hq of OFB Tech?
A) Mumbai
B) Gurgaon
C) Lucknow
D) Kanpur
E) Bangalore
Answer: B) Gurgaon

• The Competition Commission of India (CCI) approves acquisition of majority stake in SMW Ispat Private Limited by OFB Tech Private Limited.
• OFB Tech, a private limited company, is engaged in the business of wholesale trading of bulk raw materials such as steel, non-ferrous metals, industrial chemicals and petroleum derivatives, agri-commodities to facilitate transactions between businesses through its online or offline channels.
• SMW Ispat, a private limited company, is engaged in the business of manufacturing products such as TMT steel bars and steel billets.

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8. CCI cleared Serum Institute Life Sciences-Biocon Biologics deal by how many percent?
A) 15%
B) 20%
C) 35%
D) 50%
E) 26%
Answer: A) 15%

• The Competition Commission of India (CCI) has approved a proposed deal involving Serum Institute Life Sciences, Covidshield Technologies and Biocon Biologics.
• Once the deal is complete, Serum Institute Life Sciences Pvt Ltd will have about 15 per cent stake in Biocon Biologics Ltd, according to the notice filed with the regulator.
• Covidshield Technologies Pvt Ltd (CTPL), a wholly-owned subsidiary of Serum Institute of Life Sciences, will be merged into Biocon Biologics.

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9. IDBI Bank divests entire how many percent stake in ARCIL?
A) 19.17%
B) 18.91%
C) 19.18%
D) 19.81%
E) 18.19%
Answer: C) 19.18%

• IDBI Bank has divested its entire stake of over 19 per cent in ARCIL to Avenue India Resurgence Pte.
• The lender, however, did not disclose the deal value.
• IDBI Bank has sold its entire holding of 6,23,23,800 fully paid-up equity shares constituting 19.18 per cent of the total equity share capital of Asset Reconstruction Company (India) Ltd. (ARCIL) on May 18, 2022 to Avenue India Resurgence Pte. Ltd.
• With this, the LIC-controlled lender said it ceases to be a sponsor shareholder of ARCIL.

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10. UAE-based Emirates Telecom bought 9.8% stake in Vodafone for how many billion dollar?
A) 3.3
B) 6.6
C) 5.5
D) 4.5
E) 4.4
Answer: E) 4.4

• Emirates Telecommunications Group Company PJSC “e&” (Etisalat Group) announced the acquisition of approximately 2,766 million shares in Vodafone Group Plc aggregating to $4.4 billion.
• The shares represent 9.8% of Vodafone’s issued share capital.
• The transaction is in line with e&’s ambition to be a global player in telecom and technology and to increase its exposure to international markets.
• The Emirati-based multinational telecom services provider’s expects the investment in the United Kingdom headquartered Vodafone to gain significant exposure to a world leader in connectivity and digital services.

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Appointments – Daily Current Affairs May 19

11. Vivek Kumar Dewangan appointed as CMD REC he is additional secretary of which ministry?
A) Ministry of Tribal Affairs
B) Ministry of Power
C) Ministry of External Affairs
D) Ministry of Home Affairs
E) Ministry of Road Transport and Highway
Answer: B) Ministry of Power

• Vivek Kumar Dewangan, an Additional Secretary in the Ministry of Power, has been appointed as the CMD of state-owned REC Limited.
• The development comes within a week of REC Ltd informing that Ravinder Singh Dhillon, the Chairman of the Power Finance Corporation (PFC) has been given an additional charge as CMD of REC Ltd, an NBFC company under the Ministry of Power, for three months.

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12. Sameer Sharmagot second tenure extension for six months he is Chief Secretary of which state?
A) Maharashtra
B) Madhya Pradesh
C) Telengana
D) Andra Pradesh
E) Karnataka
Answer: D) Andra Pradesh

• The Centre has granted an extension for a further period of six months, till the end of November, to Andhra Pradesh Chief Secretary Sameer Sharma, who was supposed to retire on May 31 at the end of his extended tenure.

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Science and Technology – Daily Current Affairs May 19

13. ISRO to send how many Satellites to Upper Atmosphere to Study Sun-Earth Linkages?
A) 4
B) 3
C) 2
D) 1
E) 5
Answer: C) 2

• The Indian Space Research Organisation (ISRO) plans to build an identical pair of satellites for studying the earth’s upper atmosphere, according to officials from the space agency.
• The twin satellites named DISHA (Disturbed and quiet time Ionosphere-thermosphere System at High Altitudes) will be launched in the low earth orbit — about 500 kilometres above earth — to study the physics and chemistry of the upper atmosphere, said Shantanu Bhatawdekar, scientific secretary of the ISRO.
• The two satellites will carry identical payloads.
• DISHA – H will be placed at a higher inclination to the equator DISHA – H while DISHA – L will remain at a lower inclination, Bhatawdekar elaborated.
• The data generated by the proposed ISRO’s solar mission Aditya L1 and by DISHA satellites would help to understand the Sun-Earth linkages.

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National Affairs – Daily Current Affairs May 19

14. Odisha Govt extended ‘Mission Shakti’ scheme for how many years?
A) 5
B) 4
C) 2
D) 1
E) 3
Answer: A) 5

• Odisha state cabinet chaired by Chief Minister Naveen Patnaik has approved a proposal to extend ‘Mission Shakti’ scheme for another five years from FY 2022-23 to FY 2026-27.
• The cabinet has also approved an allocation of Rs 4973.39 crore for the implementation of the scheme.
• At present, about 70 lakh women are engaged in more than 6.02 lakh Self Help Groups in the state.
• The government has set some targets for the next five years under the ‘Mission Shakti’ scheme which includes Rs 50,000 crore bank credit to SHGs over five years, the Interest subvention of more than Rs 1,200 crore to SHGs during this period.
• Under the scheme, more than 500 Mission Shakti Bazaars and outlets will be set up across the state.
• It seeks to give a major push to e-commerce of SHG products.
• Around 35 to 40 lakh SHG members to be trained under livelihood initiatives and capacity building programmes, government business of more than Rs 6,600 crore to be provided to Mission Shakti SHGs and their federation in convergence with different government departments.
• Dedicated to the accelerated growth in socio-economic empowerment of the women-led self-help groups, this decision will further strengthen the Silent Revolution of Mission Shakti across rural and urban areas of the state.

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15. Govt released breed-wise report of livestock, poultry Indigenous and non-descript cattle compromise how many percent?
A) 57%
B) 29%
C) 64%
D) 37%
E) 73%
Answer: E) 73%

• Indigenous and non-descript cattle compromise 73 per cent of the total cattle population of 19.35 crore whereas the exotic and crossbred animals constitute more than 26 per cent.
• But with regards to the fowl population, desi fowl forms just 36 per cent of the lot while improved species constitute 64 per cent of the total fowl population of 80.78 crore.
• These findings are part of breed-wise data collected during 20th Livestock Census of 2018-19.
• The report was released by Union Minister of Fisheries, Animal Husbandry and Dairying, ParshottamRupala.
• The uniqueness of this Census was that for the first time the country went with adopting tablet computers for the data collection exercise and both livestock and poultry birds were counted according to their breeds as recognized by National Bureau of Animal Genetic Resources (NBAGR).
• The report has covered 184 recognized indigenous/exotic and crossbred breeds of 19 selected species that are registered by the NBAGR.
• There are four exotic/crossbred breeds of cattle and 41 recognized indigenous breeds covered in this report.
• As per the Census, 36.04 per cent of the livestock population belong to cattle.
• Crossbred Jersey has the highest share with 49.3 per cent against 39.3 per cent of Crossbred Holstein Friesian (HF) in total exotic/crossbred cattle.
• Gir, Lakhimi and Sahiwal breeds have major contribution in total indigenous cattle population of 14.21 crore.
• In buffalo, the Murrah breed majorly contributes with 42.8 per cent which is commonly found in Uttar Pradesh and Rajasthan.
• With regards sheep, there are 3 exotics and 26 indigenous breeds found in the country.
• Among the pure exotic breeds, Corriedale breed majorly contributes with 17.3 per cent share and in the indigenous breeds the Nellore breed contribute the highest in the category with 20 per cent share.
• In goats, there are 28 indigenous breeds—Black Bengal breed contributes the highest with 18.6 per cent.
• In pigs, crossbred species contribute 86.6 per cent whereas Yorkshire contributes 8.4 per cent and indigenous pigs 3.9 per cent.
• In desi fowl, Aseel breed majorly contribute in both backyard poultry and commercial poultry farm.

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