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. 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 6 | Daily Current Affairs 2021

IMPORTANT DAYS

1. International No Diet Day is observed on which date?
A) May 3
B) May 4
C) May 5
D) May 7
E) May 6
Answer: E) May 6

• International No Diet Day (INDD) is an annual celebration of body acceptance, including fat acceptance and body shape diversity.
• This day is also dedicated to promoting a healthy life style with a focus on health at any size and in raising awareness of the potential dangers of dieting and the unlikelihood of success; the Institute of Medicine summarises: “those who complete weight loss programs lose approximately 10 percent of their body weight only to regain two-thirds within a year and almost all of it within five years”.
• The first International No Diet Day was celebrated in the UK in 1992.
• Feminist groups in other countries around the globe have started to celebrate International No Diet Day, especially in the United States, Canada, Australia, New Zealand, India, Israel, Denmark, Sweden and Brazil.
• International No Diet Day is observed on May 6, and its symbol is a light blue ribbon.

OBITUARY

2. Ajit Singh passed away. He was related to which party?
A) RLD
B) BJD
C) YSRCP
D) Congress
E) BJP
Answer: A) RLD

• Former Union minister and Rashtriya Lok Dal (RLD) leader Ajit Singh passed away at a Gurgaon hospital.
• Singh took his first dive into active politics in the 1980s and entered Parliament through Rajya Sabha in 1986.
• He was a six-time parliamentarian and served as a union minister on multiple occasions, the first being Minister for Industry in 1989 in the National Front government and the last being Civil Aviation Minister from 2011 in the UPA government.

Tamil comedian Pandu passes away due to Covid complications at 74:

• Tamil comedian Pandu, noted for his unique facial expressions and body language, died due to COVID-19
• In his career spanning about four decades, Pandu has performed comedy roles in 500-plus movies, mainly in Tamil and his late 1980s television serial in Doordarshan ‘Panju, Pattu, Peethambaram’ was hugely popular.
• His debut movie was ‘Karai Ellam Shenbagapoo’ in the early 1980s

Ajit Singh – RLD leader and former union minister.

3. Vivek Yadav passed away. He was related to which sports?
A) Table Tennis
B) Hockey
C) Volleyball
D) Football
E) Cricket
Answer: E) Cricket

• Vivek Yadav, a former Rajasthan leg-spinner and a member of their Ranji Trophy-winning squad, died of coronavirus-related complications.
• Yadav, who played 18 first-class matches and picked up 57 wickets, featured in the 2010-11 Ranji Trophy final, his finest hour in a brief domestic career.

Vivek Yadav – Former Rajasthan leg-spinner.

RANKING

4. What is the rank of Bangalore in the Prime Global Cities Index Q1 2021?
A) 54
B) 40
C) 25
D) 32
E) 39
Answer: B) 40

• Bengaluru has slipped four positions to rank 40th globally in annual price appreciation of luxury residential properties, according to real estate consultant Knight Frank.
• In its ‘Prime Global Cities Index Q1 2021’ report, Knight Frank mentioned that New Delhi and Mumbai, too, slipped one spot each to rank at 32nd and 36th, respectively.
• In the last report, Delhi was at 31st position, while Mumbai ranked 35th and Bengaluru 36th.
• The Prime Global Cities Index is a valuation-based index tracking the movement in prime residential prices in local currency across 45+ cities worldwide.
• Shenzhen ranked 1st with 18.9 per cent annual change for the period Q1 2020 Q1 2021.
• New York was the weakest performing market and ranked 46th with a fall of 5.8 per cent in prices annually.

BANKING AND FINANCE

5. Which organization introduces standard travel insurance policies to help consumers?
A) NDDB
B) SIDBI
C) SEBI
D) RBI
E) IRDAI
Answer: E) IRDAI

• To enhance the financial safety net for people travelling (be it domestic or international), IRDAI has introduced guidelines for a standard travel insurance product.
• The guidelines were issued by the Insurance Regulatory and Development Authority of India (IRDAI) on May 5, 2021.
• As per the guidelines, there will be five variants of the travel insurance product and these will be basic mandatory covers which will be uniform across the insurance industry.
• The standard travel cover will come with single premium payment option which will be collected in advance.
• There will be no restrictions on minimum and maximum age of entry.
• However, the proposer needs to be at least 18 years of age.

Standard Domestic Travel Insurance Product (SDTIP), Plan-A:

• Mode of travel covered: Travel through Taxi Cab/bus.
• Limit on distance: Within 100 kms from the Place of Origin
• Covered Journey: A single journey from Place of Origin to Place of Destination.
• Tenure : Duration of journey

SDTIP Plan-B:

• Mode of travel covered: Travel through Taxi Cab/Bus.
• Limit on distance: More than 100 kms from the Place of Origin
• Covered Journey: A single journey from Place of Origin to Place of Destination
• Tenure: Duration of journey

SDTIP Plan- C:

• Mode of travel covered: Train Travel (Only for Reserved tickets).
• Limit on distance: No restrictions on distance
• Covered Journey: A single journey from the Place of Origin to Place of Destination.
• Tenure: Duration of journey

SDTIP Plan-D:

• Mode of travel covered: Air travel.
• Limit on distance: No restrictions on distance
• Covered Journey: A single journey from the Place of Origin to Place of Destination.
• Tenure: Duration of journey

SDTIP Plan- E:

• Mode of travel covered: Domestic Trips involving travel through any one or multiple modes of common carrier such as Taxi Cab, Bus, Train, Ship or Air travel.
• Limit on distance: No restrictions on distance
• Covered Journey: Coverage from Place of Origin till return to Place of Origin/Place of Residence
• Tenure: Domestic trips with maximum duration of up to 30 days.

Standard features these plans will offer:

• These covers will have indemnity-based payment for hospitalisation expenses due to accident.
• These will have range of sum insured per person from minimum Rs 1 lakh to maximum Rs 10 lakh.
• This feature will also have deductibles worth Rs 500.
• These plans will have benefit-based coverage for accidental death ranging from Rs 1 lakh to Rs 1 crore per person.
• The Permanent Total Disability (PTD) coverage will also be benefit based and will be similar to accidental death cover. For repatriation of mortal remains these policies (except Plan A) will come with cover of Rs 20,000 to Rs 1 lakh

IRDAI:
Abbreviation: The Insurance Regulatory and Development Authority of India
Act: The Insurance Regulatory and Development Authority Act, 1999
Headquarters: Hyderabad, Telangana
Chairman: Subhash Chandra Khuntia

IRDAI – Standard travel insurance policies to help consumers.

6. Which bank has been selected as a digital payments partner by the National Agriculture Market (eNAM)?
A) Indian Overseas Bank
B) Indian Bank
C) DBS Bank
D) HDFC Bank
E) Kotak Mahindra Bank
Answer: E) Kotak Mahindra Bank

• Kotak Mahindra Bank announced that it has been selected as a digital payments partner by the National Agriculture Market (eNAM).
• As part of this initiative, the bank will provide payment, clearing and settlement services on the eNAM platform to facilitate trade between a buyer and seller of an agri produce.

IDBI Bank offers KYC updation facility through video identification process:

• Giving immediate response to the Reserve Bank of India’s (RBI’s) initiative for rationalisation of compliance to KYC requirements, the IDBI Bank has launched the facility of periodic KYC updation through the V-CIP (Video based Customer identification process).

Kotak Mahindra Bank:
Hq : Mumbai
MD and CEO : Udaykotak
Tagline : Let’s make money simple, Ab Kona KonaKotak

Kotak Mahindra Bank – Digital payments partner by eNAM.

7. Muthoot Finance Limited partners with NIRA to provide personal loans. Through this partnership, salaried customers can avail personal loan of up to how much amount?
A) Rs 2 lakh
B) Rs 3 lakh
C) Rs 4 lakh
D) Rs 5 lakh
E) Rs 1 lakh
Answer: E) Rs 1 lakh

• The Muthoot Finance Limited announced its collaboration with fintech NIRA as part of its strategy to strengthen its digital footprint.
• Through this partnership, salaried customers can avail personal loan of up to Rs 1 lakh from Muthoot by downloading the NIRA app from Google’s Play store.
• NIRA is a Bengaluru-based fintech offering small ticket personal loans to salaried workers from India’s middle class.
• They offer loans to borrowers starting at incomes as low as Rs 12,000 per month.
• This partnership will help Muthoot Finance build its unsecured lending book

Muthoot Fincorp:
Hq : Kochi, Kerala
ceo : Thomas John Muthoot

Muthoot Finance Limited + NIRA – Provide personal loans.

AWARDS

8. Karnataka Vikas Grameen Bank has bagged how many awards under various campaigns held for enrolment of APY from PFRDA?
A) 3
B) 4
C) 5
D) 2
E) 1
Answer: C) 5

• Karnataka Vikas Grameen Bank (KVGB), a regional rural bank headquartered in Dharwad, has bagged five awards (Lead to Leap, APY Makers of Excellence, Game Changers, Leadership Capital and Amazing Achievers) under various campaigns held for enrolment of Atal Pension Yojana (APY) from the Pension Fund Regulatory and Development Authority (PFRDA).

KVG Bank – Bag 5 PFRDA awards.

SCIENCE AND TECHNOLOGY

9. Which space agency successfully launches its newest and biggest rocket SN15 in fifth attempt?
A) SpaceX
B) BluShift Aerospace
C) JAXA
D) NASA
E) ISRO
Answer: A) SpaceX

• Elon Musk’s SpaceX has finally successfully launched its newest and biggest rocket after four previous attempts ended up in explosions.
• The test flight of the Starship SN-15 prototype was conducted from SpaceX’s seaside launch pad in Boca Chica, Texas.
• The rocket flew to an altitude of about 6.2 miles (10 kilometers), did a brief single-engine hover before flipping horizontal for its long coast towards the landing pad.

SpaceX:
Headquarters: Hawthorne, California, United States of America
Founded: 6 May 2002
CEO: Elon Musk

SpaceX – Successfully launch its newest and biggest rocket SN15 in fifth attempt.

NATIONAL AFFAIRS

10. The Finance Ministry released the second monthly instalment of revenue deficit grant of Rs 9,871 crore to ____ states?
A) 13
B) 14
C) 15
D) 16
E) 17
Answer: E) 17

• The Finance Ministry released the second monthly instalment of revenue deficit grant of Rs 9,871 crore to 17 states.
• With the release of the second instalment, a total amount of Rs 19,742 crore has been released in the first two months of the current financial year as Post Devolution Revenue Deficit Grant to the states
• The Centre provides the Post Devolution Revenue Deficit Grant to the states under Article 275 of the Constitution.
• The grants are released as per the recommendations of the Finance Commission in monthly instalments to meet the gap in revenue accounts of the states post-devolution.
• The Department of Expenditure, Ministry of Finance today released the 2nd monthly instalment of Post Devolution Revenue Deficit (PDRD) Grant of Rs 9,871 crore for the year 2021-22 to 17 States, the statement said.
• The 15th Finance Commission has recommended Post Devolution Release Deficit grants to 17 states based on the gap between the assessment of revenue and expenditure of the state.
• The states recommended for Post Devolution Revenue Deficit Grant are: Andhra Pradesh, Assam, Haryana, Himachal Pradesh, Karnataka, Kerala, Manipur, Meghalaya, Mizoram, Nagaland, Punjab, Rajasthan, Sikkim, Tamil Nadu, Tripura, Uttarakhand and West Bengal.
• The 15th Finance Commission has recommended a total Post Devolution Revenue Deficit Grant of Rs 1,18,452 crore to 17 States in the financial year 2021-22.
• The grant is released to the states in 12 monthly instalments.

Finance and Corporate Affairs:
Minister: Nirmala Sitharaman
Constituency: Rajya Sabha MP, Karnataka

Finance Ministry – Release Rs 9,871 cr as revenue deficit grant to 17 states.

11. Which organization inks MoU with EESL to offer energy efficient solutions to dairy industry?
A) CCI
B) CII
C) NMDC
D) NHAI
E) NDDB
Answer: E) NDDB

• National Dairy Development Board said it has signed an agreement with Energy Efficiency Services Ltd (EESL) to promote efficient renewable technologies in the dairy industry.
• The memorandum of understanding (MoU) was signed on May 5 at Ananda, Gujarat by NDDB Executive Director Meenesh Shah and EESL Director (Projects) Venkatesh Dwivedi in the presence of senior officials
• As per the agreement, EESL will conceptualise, propose and design technically sound alternate energy generation solutions for plants in the dairy cooperative sector across the country.
• It will also arrange necessary technical and funding support for the design, development and operation of the non-conventional energy generation models.
• Whereas National Dairy Development Board (NDDB) will extend its expertise in dairy business/dairy plant management/other related activities to facilitate /support conceptualising, development and implementation of the alternate energy generation models.
• The Dairy Board will also assist in the development, monitoring and evaluation of programmes leading to assessment of outcome/impact of projects.

NDDB:
Abbreviation: National Dairy Development Board
Headquarters’ location: Anand, Gujarat
Founded: 16 July 1965
Executive Director: Arun Raste

EESL:
Abbreviation: Energy Efficiency Services Limited
Headquarters: New Delhi, Delhi
Chairman: Rajeev Sharma

NDDB + EESL – Offer energy efficient solutions to dairy industry.

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