Daily Current Affairs May 08

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 08. 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.

TO PURCHASE OUR BANKING AWARENESS (2021 Edition) – CLICK HERE

May 08| Daily Current Affairs 2023

Important Days – Daily Current Affairs May 08

1. On which day is World Red Cross and Red Crescent Day observed every year?
A) May 1
B) May 5
C) May 8
D) May 10
E) May 15
Answer: C) May 8

• World Red Cross and Red Crescent Day, also known as World Red Cross Day, is observed on May 8 every year.
• It commemorates the birth anniversary of Henry Dunant, the founder of the International Committee of the Red Cross (ICRC) and the recipient of the first Nobel Peace Prize.
• In 1863, the International Committee for Relief to the Wounded was established, which later became known as the ICRC. It aimed to provide impartial and neutral humanitarian aid during armed conflicts.
• During the 20th International Conference of the Red Cross in Tokyo, Japan, in 1933, World Red Cross Day was officially established with May 8 designated as the day to honour the birth of Henry Dunant and acknowledge the humanitarian work of the Red Cross movement.
• The theme for this year is “Everything we do comes #fromtheheart.”

World Thalassaemia Day

• World Thalassaemia Day will be celebrated on May 8, every year.

History:

• Panos Englezos, President and Founder of Thalassemia International Federation created this day in 1994 in the memory of his son George and other Thalassemia patients who fought the disease bravely. Since then, every year, World Thalassemia Day is celebrated on May 8.

Theme:

• Be aware. Share. Care : Strengthening Education to Bridge the Thalassaemia Care Gap

---

Sports – Daily Current Affairs May 08

2. Who won the Miami Grand Prix in 2023?
A) Lewis Hamilton
B) Max Verstappen
C) Sebastian Vettel
D) Charles Leclerc
E) Valtteri Bottas
Answer: B) Max Verstappen

• Held: Miami International Autodrome

---

Obituary – Daily Current Affairs May 08

3. Kemal Dervis passed away. He was served as Head of which organisation?
A)UNICEF
B)WHO
C)ICC
D)UNEP
E)UNDP
Answer: E)UNDP

• Turkish economist, politician and former head of the United Nations Development ProgrammeKemal Dervis died.
• He served minister of economic affairs amid the country’s worst economic crisis in modern history.
• He resigned his ministerial position in August 2002.
• In 2005 the United Nations General Assembly unanimously confirmed Kemal Dervis as the administrator of the United Nations Development Program. The post is the third highest in the U.N. following the Secretary-General and Deputy Secretary-General.
• He authored and co-authored a number of books on economics, including “Inequality in America: Facts, Trends and International Perspectives”, in 2012, and “Recovery from the Crisis and Contemporary Social Democracy”, in 2006.

---

Banking and Finance – Daily Current Affairs May 08

4. Which bank has been penalized by the Reserve Bank of India for non-compliance with norms?
A) HDFC Bank
B) ICICI Bank
C) HSBC
D) State Bank of India
E) Axis Bank
Answer: C) HSBC

• The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1.73 crore on The Hongkong and Shanghai Banking Corporation Ltd (HSBC) for contravention of Credit Information Companies Rules, 2006.
• According to an RBI press release, HSBC furnished incorrect credit information in respect of a number of expired credit cards with nil dues to all four credit information companies.
• The penalty has been imposed in the exercise of powers vested in RBI conferred under the provisions of Section 25 (1) and Section 23 (4) of the Credit Information Companies (Regulation) Act, 2005.
• The central bank has imposed a monetary penalty of Rs 2 lakh on the Trichur Urban Co-operative Bank Ltd, Thrissur, Kerala for non-compliance with directions issued by the central bank on Management of Advances – UCBs.
• RBI has imposed a monetary penalty of Rs 1.25 lakh on Bhilai Nagarik Sahakari Bank Maryadit, Bhilai (Chhattisgarh) for contravention of/non-compliance with the provisions of the Banking Regulation Act, 1949, and the Depositor Education and Awareness Fund Scheme, 2014.

---

5. What was the Reserve Bank of India’s gold reserves at the end of March 2023?
A) 760.42 tonne
B) 794.64 tonne
C) 825.89 tonne
D) 899.21 tonne
E) 924.37 tonne
Answer: B) 794.64 tonne

• The Reserve Bank’s gold reserves increased by 34.22 tonne year-on-year to reach 794.64 tonne at March-end 2023, showed central bank data in its Half Yearly Report on Management of Foreign Exchange Reserves: October 2022 – March 2023.
• The Reserve Bank held 760.42 metric tonnes of gold (including gold deposits of 11.08 metric tonnes) at the March-end of 2022.
• While 437.22 tonne of gold is held overseas in safe custody with the Bank of England and the Bank of International Settlements (BIS), 301.10 tonne of gold is held domestically.
• In value terms (USD), the share of gold in the total foreign exchange reserves increased from about 7.06% as of September-end 2022 to about 7.81% as of March-end 2023
  During the half-year period, reserves increased from $532.66 billion as of September-end 2022 to $578.45 billion as of March-end 2023.
• Forex reserves comprise foreign currency assets, gold, special drawing rights and reserve tranche position in the International Monetary Fund.
• As of March-end 2023, out of the total FCA of $509.69 billion, $411.65 billion was invested in securities, $75.51 billion was deposited with other central banks and the Bank of International Settlements (BIS), and the balance of $22.52 billion comprised deposits with commercial banks overseas.

---

6. Which representative body has Max Life tied up with to provide life insurance to employees working in MSMEs in Uttar Pradesh?
A) Confederation of Indian Industry (CII)
B) Federation of Indian Chambers of Commerce and Industry (FICCI)
C) Indian Industries Association (IIA)
D) Associated Chambers of Commerce and Industry of India (ASSOCHAM)
E) National Association of Software and Services Companies (NASSCOM)
Answer: C) Indian Industries Association (IIA)

• Max Life Insurance Company Ltd announced a strategic partnership with the Indian Industries Association (IIA) to provide life insurance plans to the Micro, Small, and Medium Enterprises (MSME) sector’s workforce in Uttar Pradesh (UP).
• Under the recently announced IRDAI’s State Insurance Plan, Max Life aims to enhance accessibility and drive affordable insurance penetration across UP. IIA has an extensive network across industrialised districts, and this partnership positions Max Life as IIA’s preferred partner, thus providing an opportunity to offer life insurance access to more than 11 lakh MSME workforce affiliated with IIA and their families in the state.
• These activities will be undertaken with Sana Insurance Brokers Pvt. Ltd. as the enrolment partner to engage with the MSME workforce.

---

7. Which commodity exchange has received SEBI approval for launching Steel Rebar futures?
A) NSE
B) BSE
C) MCX
D) NCDEX
E) ICEX
Answer: C) MCX

• MCX, the country’s largest commodity exchange, has received SEBI approval for launching Steel Rebar futures.
• The date of launch of the contracts will be announced separately.. The trading unit will be of 5 tonnes with a base value of one tonne.
• The maximum order size would be 200 tonnes and the tick size will be ₹10 per tonne.
• The price quote (excluding GST) will be ex-warehouse at Raipur district, Chhattisgarh.
• The daily price limit is of 4 per cent and once this is reached it will be relaxed to 6 per cent without any cooling-off period in the trade. Once the 6 per cent limit is breached, then after a cooling-off period of 15 minutes, the daily price limit will be relaxed up to 9 per cent.
• In case, price movement in international markets is more than the maximum daily price limit (of 9 per cent), the same may be further relaxed in steps of 3 per cent. The initial margin will be 8 per cent.
• While the primary delivery centre will be at Raipur, the exchange has provided additional delivery centres at Thane district in Maharashtra, Palwal district in Haryana, Chennai district in Tamil Nadu and Durgapur district in West Bengal.

---

Awards – Daily Current Affairs May 08

8. Who was conferred with the Bharat Ratna Dr Ambedkar Award for creating a “fear-free state”?
A) Mamata Banerjee
B) Nitish Kumar
C) Yogi Adityanath
D) Chief Minister Arvind Kejriwal
E) Shivraj Singh Chouhan
Answer: C) Yogi Adityanath

• Chief Minister Yogi Adityanath was conferred with the Bharat Ratna Dr Ambedkar Award for creating a “fear-free Uttar Pradesh”.
• The award was given by former Indian President Ram Nath Kovind and accepted on the CM’s behalf by UP Legislative Council member Lalji Prasad Nirmal.
• Kovind, who was chief guest at the event organised by the Buddhanjali Research Foundation in Mumbai.
• This was the 13th edition of the award.
• Popular film actors Prem Chopra, Udit Narayan and Rajpal Yadav including talents from other regions of the country were also honoured with the 13th Bharat Ratna Dr Ambedkar Award on the occasion.

---

National Affairs – Daily Current Affairs May 08

9. Who inaugurated the Indian Air Force Heritage Centre in Chandigarh?
A) Narendra Modi
B) Rajnath Singh
C) Amit Shah
D) Venkaiah Naidu
E) Ram Nath Kovind
Answer: B) Rajnath Singh

• Defence minister Rajnath Singh inaugurated the first-of-its-kind Indian Air Force (IAF) Heritage Centre in Chandigarh.
• The centre, spread over 17,000 square feet on Madhya Marg in Sector 18, depicts the IAF’s role in various wars, including in 1965, 1971 and the Kargil War, besides the Balakot airstrike through murals and memorabilia.
• The heritage centre has been set up under a memorandum of understanding between the Union Territory (UT) administration and the IAF signed 2022. It will be maintained by the UT administration, while the weapons and equipment have been put up by the IAF.
• The heritage centre is spread over 17,000 square feet. Located in Sector 18, this centre has put five decommissioned aircraft including a Hindustan Piston Trainer-32 primary flying trainer aircraft, a MiG 21 single-seat fighter and a GNAT aircraft (Sabre Slayer) on the display. Besides, Air Force Kanpur 1 which was made by Air Vice Marshal Harjinder Singh in 1958, has also been positioned.
• The centre also depicts the role of the Indian Air Force during various wars including 1947, 1948,1965, and 1971 besides the Kargil Conflict and the Balakot Air Strikes.
• There are also flying simulators at the centre which will give flight experience to visitors.
• The attractions of the heritage centre also include SAM-III Pechora missiles.
• Among the exhibits is a Gnat aircraft (Sabre Slayer), which was flown by Param Vir Chakra awardee Flying Officer Nirmal Jit Singh Sekhon in the 1971 war against Pakistan.
• A MiG-21 fighter jet, which was inducted into the IAF in 1963, and Kanpur 1, the first aircraft built by India in 1951, have also found space at the heritage centre.

---

10. Who announced a scheme to introduce premium buses run by private aggregators?
A) Narendra Modi
B) Rahul Gandhi
C) Arvind Kejriwal
D) Mamata Banerjee
E) Nitish Kumar
Answer: C) Arvind Kejriwal

• Delhi Chief Minister Arvind Kejriwal will introduce a scheme, subject to the lieutenant governor’s approval, for private aggregators to run premium buses to cater to middle-class and upper-middle-class commuters.
• The Delhi Premium Bus Aggregator Scheme envisions a first-of-its-kind city bus service in the country that will allow people to book their seats from a mobile app, Kejriwal said at a Press conference at his official residence.
• These buses will not have any standing passengers and the fare will be higher than for other buses owned or operated by the city government’s Delhi Transport Corporation.
• Also, women will not be entitled to free rides on these buses.
• These premium buses, which will have WiFi, CCTV, GPS, panic button, and other facilities, will not be run by the government but by private operators.
• After January 1, 2024, all the buses running in the fleet should be electric ones.

---

11. Which agencies signed an MoU with Japan International Cooperation Agency (JICA) for ‘Station Area Development along Mumbai-Ahmedabad High Speed Rail’?
A) Ministry of Agriculture and Farmers Welfare and Ministry of Road Transport and Highways
B) Ministry of Defence and Ministry of Tourism
C) Ministry of Home Affairs and Ministry of External Affairs
D) Ministry of Housing & Urban Affairs and Ministry of Railways
E) Ministry of Finance and Ministry of Commerce and Industry
Answer: D) Ministry of Housing & Urban Affairs and Ministry of Railways

• The Ministry of Housing & Urban Affairs (MoHUA) and Ministry of Railways jointly signed an MoU with Japan International Cooperation Agency (JICA) for ‘Station Area Development along Mumbai-Ahmedabad High Speed Rail’ (Project-SMART).
• Project-SMART envisages to develop surrounding areas of Mumbai – Ahmedabad High Speed Railway (MAHSR) Stations to enhance accessibility and convenience of commuters & other stakeholders and to promote economic activities in the vicinity of station areas.
• The project would facilitate and enhance institutional capacity of State Governments, Municipal Corporations and Urban Development Authorities to plan, develop and manage surrounding areas of MAHSR stations.
• The MoU was inked for four High Speed Rail Stations- Sabarmati, Surat in Gujarat and Virar and Thane in Maharashtra; out of 12 stations in-route. Surat, Virar and Thane are Green field while Sabarmati is a Brown field development.

---

12. Who will co-chair the discussions for the sixth India-Canada Ministerial Dialogue on Trade and Investment (MDTI)?
A) Narendra Modi and Justin Trudeau
B) Piyush Goyal and Mary Ng
C) S. Jaishankar and Marc Garneau
D) Nirmala Sitharaman and Chrystia Freeland
E) Rajnath Singh and Harjit Sajjan
Answer: B) Piyush Goyal and Mary Ng

• Commerce and Industry Minister Piyush Goyal and Mary Ng, Minister of International Trade, Export Promotion, Small Business and Economic Development, Government of Canada, will co-chair the discussions for the sixth India-Canada Ministerial Dialogue on Trade and Investment (MDTI) in Ottawa.
• Trade ministers of India and Canada will review the progress in talks on the proposed free trade agreement between the two countries besides discussing ways to strengthen economic ties.
• MDTI is a bilateral mechanism which provides institutional mechanisms to discuss a broad spectrum of trade and investment related issues and cooperation areas.
• At the last MDTI meeting in March 2022, both ministers launched the CEPA negotiations with a possibility to have an interim agreement or EPTA (Early Progress Trade Agreement).
• He would also inaugurate the Indian Pavilion at SIAL CANADA-2023, which is the largest food innovation trade show in North America with participation of more than 1,000 national and international exhibitors from 50 countries.

---

13. Where did the maiden test flight of the first C 295 tactical lift aircraft made for the Indian Air Force take place?
A) India
B) Spain
C) France
D) USA
E) China
Answer: B) Spain

• The first C 295 tactical lift aircraft made for the Indian Air Force undertook its maiden test flight in Spain, bringing it one step closer for the scheduled delivery later this year.
• The aircraft was tested in Seville, Spain and undertook a three-hour flight to check various onboard systems.
• The first 16 aircraft of the type are being made in Spain, while the following 40 are to be manufactured in Gujarat by Tata Advanced Systems Limited in collaboration with Airbus.
• The first aircraft is likely to be delivered by September and Indian air force crews are already being trained in Spain.
• The foundation stone for the military transport aircraft manufacturing facility was laid by Prime Minister Narendra Modi in Vadodara last October.
• Tata is establishing the main manufacturing facility at Vadodara and will also set up an aerospace and defence complex at Dholera. The company has tied up with Airbus that won a Rs 21,935 crore contract to supply 56 transport aircraft to the Indian air force in 2021.
• The new complex will be India’s first ever private sector aircraft manufacturing facility. While smaller aircraft have been made in India in the past, the projects were executed by public sector enterprises, mainly Hindustan Aeronautics Limited.

---

14. Who launched the third phase of the Thalassemia Bal Sewa Yojana (TBSY) on the occasion of World Thalassemia Day?
A) Narendra Modi
B) Amit Shah
C) Bharati Pravin Pawar
D) Nirmala Sitharaman
E) Piyush Goyal
Answer: C) Bharati Pravin Pawar

• On the occasion of World Thalassemia Day, Union Minister of State for Health and Family Welfare Bharati Pravin Pawar launched the third phase of the Thalassemia Bal Sewa Yojana (TBSY).
• The Union Health Ministry has been implementing the TBSY since 2017 under the National Health Mission (NHM) and had recently completed its second phase in March 2023.
• The scheme is supported by Coal India Limited (CIL) as part of their Corporate Social Responsibility (CSR) initiative to commemorate World Thalassemia Day.
• Union Minister Pawar also released the Standard Treatment Guidelines for Sickle Cell Anaemia Disease.
• The Coal India CSR-funded Hematopoietic Stem Cell Transplant (HSCT) program is a unique initiative aimed at providing a one-time cure opportunity to underprivileged Thalassemia patients who have a matched sibling donor but do not have the financial resources to cover the cost of the procedure.
• The program has successfully completed 356 bone marrow transplants for Thalassemia patients across 10 empanelled hospitals in India during the two phases.

---

15. Which state has become the first to make digital health cards for children?
A) Gujarat
B) Maharashtra
C) Uttar Pradesh
D) Tamil Nadu
E) Kerala
Answer: C) Uttar Pradesh

• The Urban Development Department and Lucknow Smart City launched “School Health Program.
• Under the pilot project, the School Health Program has been started by Lucknow Smart City in three schools in Lucknow.
• A digital health report card for the overall physical and mental well-being of 1765 municipal school students is also being prepared under the project.
• Along with this, the benefit of health insurance worth Rs 25,000 is also being given to these children.
• The program is likely to be implemented in the state’s other 9 smart cities also after the successful completion of the pilot project.
• 3 municipal schools including Aminabad Inter College, Kashmiri Mohalla Girls Inter College and Kashmiri Mohalla Montessori School have been given the responsibility of health checkup of 1765 children.
• The digital health report card is being prepared based on 130 parameters.

---

16. Which organization collaborated with NITI Aayog for releasing the “Best Practices in Social Sector: A Compendium, 2023”?
A) World Health Organization
B) United Nations Children’s Fund
C) United Nations Development Programme
D) World Food Programme
E) International Labour Organization
Answer: C) United Nations Development Programme

• NITI Aayog released the “Best Practices in Social Sector: A Compendium, 2023” in collaboration with the United Nations Development Programme.
• To commemorate 75 years of India’s independence and highlight and laud the efforts of Union Ministries and State Governments, this compendium includes 75 case studies cutting across 14 key social sectors. The case studies have been sourced from all States/ Union Territories and 30 Ministries and Departments of the Government of India.
• Of these “best practices”, 14 are those that have been launched by Central ministries, two are joint initiatives by the Centre and the state governments, while the rest are from 26 states and UTs.

Central govt (14)

• Direct benefit Transfer
• Academic Bank of Credits (integration of students’ skills, experiences into a Credit Based system)
• National Academic Depository; Ganga Prahari initiative
• National Artificial Intelligence Portal; Innovations for Defence excellence
• Nasha Mukt Bharat; Prayatna project for Transgenders
• Financial inclusion for street vendors under PM SVANidhi
• Project on Ethanol; One Nation One Ration Card
• UMANG
• DigiLocker
• Crash course for Covid Warriors

Delhi (4)

• Home based education to children with multiple/ severe disabilities
• Electric Vehicle policy for clean air
• Bio Decomposer Solution and Spray Programme to combat stubble burning
• Sustainable power eco-system.

Karnataka (6)

• Kalika Chetarike – Activity based learning
• Solving dry waste handling
• Santhe Kaushalkar – Self Help Group and Artisan Profiling Platform
• Farmer Registration and Unified beneficiary, Information System; Kutumba
• Social Protection cum Entitlement Management System
• Platform for SDG, CSR alignment

Uttar Pradesh (4)

• Black Rice Initiative in Chandauli
• Reducing Maternal, Newborn Deaths (ReMiND), through mobile application
• SARTHI & SAKHI — Mental Health Helpline
• Disaster Risk Reduction.

---

17. Which Indian Navy ship was recently decommissioned after serving the country for 36 years?
A) INS Vikrant
B) INS Viraat
C) INS Mysore
D) INS Magar
E) INS Kolkata
Answer: D) INS Magar

• INS Magar, the oldest landing ship of the Indian Navy was decommissioned after a prestigious service to the country for 36 years.
• The ship, commanded by Cdr Hemant V Salunkhe, was decommissioned at a sunset ceremony held at the Naval Base.
• The Flag Officer Commanding-in-Chief of the Southern Naval Command (SNC), Vice Admiral, M A Hampiholi, who had helmed the ship from 2005-06, was the Chief Guest for the ceremony.
• INS Magar was launched on November 16, 1984 by Meera Tahiliani and commissioned on July 18, 1987 at Garden Reach Shipyard and Engineers Limited, Kolkata by late Admiral R H Tahiliani.
• The ship was also instrumental in evacuation of over 1,300 survivors post Tsunami in 2004 and had been part of several joint military exercises with the Indian Army.
• In 2018, the vessel was converted into a training ship and joined the First Training Squadron at Kochi.
• INS Magar is the lead ship of the Magar class amphibious warfare vessels of the Indian Navy.
• Magar’ has been named after a species of crocodile. The crest design depicts a Brown coloured crocodile with its mouth open swimming over White and Blue ocean waves. The aft portion of the crest shows a cut out of the thick and impenetrable armour like skin of the crocodile. The design has been taken from a Mathura sculpture of 1st Century AD, preserved in original in the Lucknow museum.

---

---

Over All Review

DOWNLOAD TODAY’S CURRENT AFFAIRS PDF – CLICK HERE

You Must Also Read Daily Current Affairs May 06&07