Daily Current Affairs May 01

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 01. 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 01| Daily Current Affairs 2023

Important Days – Daily Current Affairs May 01

1. Which two states in India commemorated their 63rd Foundation Day on 1st May?
A) Maharashtra and Karnataka
B) Gujarat and Rajasthan
C) Maharashtra and Gujarat
D) Kerala and Tamil Nadu
E) Andhra Pradesh and Telangana
Answer: C) Maharashtra and Gujarat

Maharashtra formation day

• Maharashtra Day or Maharashtra Diwas is celebrated on May 1 every year to commemorate the creation of the predominantly Marathi-speaking state of Maharashtra with the enactment of the Bombay Reorganisation Act in 1960.

Gujarat formation day

• May 1 comes as the establishment day for the state of Gujarat or Gujarat Sthapana Divas.
• It was on this day in the year 1960 that the former state of Bombay was segregated on a linguistic basis and two states were formed — Maharashtra and Gujarat.
• Gujarati, the official language of the state of Gujarat, comes as an Indo-Aryan language which was emerged from local Prakrits and Sansk.

International Labour Day

• International Labour Day is celebrated every year on 1 May to commemorate the struggles and sacrifices of the workers’ and labours’ movement.
• It is also known as May Day.

History:

• The tradition of Labour Day dates back to 19th century America. On May 1st, 1886 workers in Chicago organized a strike to demand an eight-hour workday. However, workers across the US came together to demand their rights and to fight for better working conditions after a bomb exploded at a labour rally in Haymarket Square.
• In 1889, the International congress of socialist parties met in Paris and decided to celebrate Labour Day or Worker’s Day on May 1.
• The first labour day was celebrated in India on May 1, 1923, in Chennai. The first May Day celebrations were organized by the Labour Kisan Party of Hindustan.
• Labour Day is celebrated by many different names in the various Indian states with most popular name being May Day. Labour Day is known as Kamgar Din in Hindi, KarmikaraDinacharane in Kannada, KarmikaDinotsavam in Telugu, Kamgar Divas in Marathi, UzhaipalarDhinam in Tamil, ThozhilaaliDinam in Malayalam, and ShromikDibosh in Bengali.

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Sports – Daily Current Affairs May 01

2. Who won the gold medal in long jump at the MVA High Performance athletics meet 1 held in Chula Vista, USA?
A) MuraliSreeshankar
B) Neeraj Chopra
C) Dutee Chand
D) Hima Das
E) Anju Bobby George
Answer: A) MuraliSreeshankar

• Indian long jumper MuraliSreeshankar claimed the gold medal with a leap of 8.29m at the MVA High Performance athletics meet 1 held in Chula Vista, USA.
• He had won a silver at the 2022 Commonwealth Games, produced a creditable effort which was just 0.07m off his personal best of 8.36m made last year.
• China’s Ma Weidong secured the silver medal with a 7.99m leap, while his compatriot Huafeng Huang claimed the bronze with an effort of 7.61m.
• Sreeshankar held the men’s long jump national record in India with his 8.36 jump but it was surpassed by Jeswin Aldrin with an effort of 8.42m at the second Indian Open Jumps Championships in March 2023.

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3. Which Indian men’s doubles pair won the gold medal at the Badminton Asia Championships 2023?
A) SainaNehwal and PV Sindhu
B) Kidambi Srikanth and ParupalliKashyap
C) Chirag Shetty and SatwiksairajRankireddy
D) Sameer Verma and Sai Praneeth
E) Manu Attri and B. Sumeeth Reddy
Answer: C) Chirag Shetty and SatwiksairajRankireddy

• The Indian men’s doubles pair of Chirag Shetty and SatwiksairajRankireddy created history as they clinched the gold medal after beating Malaysia’s Ong Yew Sin and TeoEe Yi in the final of the Badminton Asia Championships 2023.
• This is the first-ever gold medal for India at the Badminton Asia Championships in the men’s doubles category.
• Dipu Ghosh and Raman Ghosh won a bronze medal in 1971 when they reached the semi-finals of the competition.
• Meanwhile, Dinesh Khanna is the only gold medal winner for India in the men’s singles category in the continental championships. He won the men’s singles title back in 1965.

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4. Who won the FIDE World Chess Championship in Astana, Kazakhstan?
A) Magnus Carlsen
B) Viswanathan Anand
C) Ding Liren
D) Ian Nepomniachtchi
E) Hikaru Nakamura
Answer: C) Ding Liren

• China’s Ding Liren won FIDE World Chess Championship in Astana, Kazakhstan beat Russia’s Ian Nepomniachtchi.
• Ding became the first Chinese player to win the world championship.
• Ding Liren, China’s highest-rated chess player in history, is the new World Chess Champion as he took over the reign from Norwegian Grandmaster Magnus Carlsen.
• Five-time winner Magnus Carlsen, who held the title since 2013.

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Banking and Finance – Daily Current Affairs May 01

5. Which bank had JPMorgan Chase & Co. acquired a substantial majority of assets and assumed certain liabilities from?
A) Wells Fargo
B) Bank of America
C) Citibank
D) First Republic Bank
E) HSBC
Answer: D) First Republic Bank

• JPMorgan Chase & Co. had acquired a substantial majority of assets and assumed certain Liabilities of First Republic Bank.
• First Republic Bank’s 84 branches in eight states will reopen as branches of JPMorgan Chase Bank.
• San Francisco-based First Republic has struggled since the collapse of Silicon Valley Bank and Signature Bank in early March, as investors and depositors grew increasingly worried the bank may not survive as an independent entity.
• First Republic is the third major US bank to collapse in recent months.
• The bank has been bought and sold several times over the years, with Merrill Lynch & Co. paying $1.8 billion to acquire First Republic in 2007.
• Ownership passed to Bank of America when it bought Merrill Lynch in 2009, and changed hands again in mid-2010, when investment firms including General Atlantic and Colony Capital purchased First Republic for $1.86 billion and then took it public.
• Eleven US banks had tried to keep First Republic afloat by pledging $30 billion of fresh deposits on March 16, with JPMorgan, Bank of America Corp., Citigroup Inc. and Wells Fargo & Co. pitching in $5 billion each. Goldman Sachs Group Inc. and Morgan Stanley and other banks offered smaller amounts as part of a plan devised along with US regulators.

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6. What is the name of the digital distribution platform introduced by HDFC Bank to connect business correspondents (BCs) and business facilitators (BFs) to the bank?
A) HDFC Bank Smart Connect
B) HDFC Bank Smart Connect Plus
C) HDFC Bank Smart Saathi
D) HDFC Bank Smart Business
E) HDFC Bank Smart Portal
Answer: C) HDFC Bank Smart Saathi

• HDFC Bank has introduced digital distribution platform HDFC Bank Smart Saathi to connect business correspondents (BCs) and business facilitators (BFs) to the bank.
• This network between Business Correspondents and Business Facilitators is expected to boost financial inclusion by taking banking products and services to the last mile.
• Over the next 12 to 18 months we plan to reach two lakh villages through a combination of our branches and agent network.

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7. Which two payment cards are being explored by India and Russia for hassle-free payments between the two countries?
A) Visa and Mastercard
B) Amex and Diners Club
C) RuPay and Mir
D) Discover and JCB
E) UnionPay and BCcard
Answer: C) RuPay and Mir

• India and Russia have agreed to explore the possibility of accepting each other’s payment cards, RuPay (India) and Mir (Russia), for hassle-free payments between the two countries.
• During the latest meeting of the Internal Governmental Commission on Trade, Economic, Scientific, Technological, and Cultural Cooperation (IRIGC-TEC), which was jointly chaired by External Affairs Minister of India S Jaishankar and Russia’s Deputy Prime Minister Denis Manturov, the decision was made.
• Mutual acceptance of RuPay and Mir cards will facilitate transactions in Indian rupees and Russian rubles, making it easier for citizens of both countries to carry out cross-border payments.
• Both countries also agreed to explore the adoption of the Russian financial messaging system, the Services Bureau of Financial Messaging System of the Bank of Russia, for cross-border payments.
• In addition, the meeting also explored the possibility of interaction between India’s Unified Payments Interface (UPI) and Russia’s Faster Payments System (FPS).
• To begin with, the State Bank of India, Indian Overseas Bank, Indian Bank and ICICI Bank will facilitate both inward and outward remittances while Axis Bank and DBS India will facilitate inward remittances.
• Since its inception in 2008, the National Payments Corporation of India (NPCI) has established a resilient payment and settlement infrastructure in India, enabling transactions through a range of retail payment products like RuPay card, Immediate Payment Service (IMPS), UPI, Bharat Interface for Money (BHIM), BHIM Aadhaar, National Electronic Toll Collection (NETC Fastag), and Bharat BillPay.

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Business and Economy – Daily Current Affairs May 01

8. What was the percentage growth in GST revenue collection in April 2023 compared March 2023?
A) 10%
B) 11%
C) 12%
D) 13%
E) 14%
Answer: C) 12%

• The gross Goods and Services Tax (GST) revenue collection grew by 12 per cent in April to Rs 1.87 lakh crore. It is the highest monthly mop-up since the rollout of the indirect tax regime in July 2017.
• According to a statement by the Finance Ministry, the division of Rs 1,87,035 crores is as follows: CGST is Rs 38,440 crore, SGST is Rs 47,412 crore, IGST is Rs 89,158 crore (including Rs 34,972 crore collected on import of goods) and cess is Rs 12,025 crore.
• The previous high collection of ₹1.68 lakh crore was in April last year.
• The total gross collection for the 2022-23 fiscal stood at ₹18.10 lakh crore, 22 per cent higher than the previous year.
• Meanwhile, the GST collection for March 2023 stood at Rs 1.60 lakh crores.

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9. What was the value of transactions on the Unified Payments Interface (UPI) platform in April 2023?
A) Rs 12.07 lakh crore
B) Rs 13.07 lakh crore
C) Rs 14.07 lakh crore
D) Rs 15.07 lakh crore
E) Rs 16.07 lakh crore
Answer: C) Rs 14.07 lakh crore

• Transactions on the Unified Payments Interface (UPI) platform hit a new high of 890 crore in April 2023.
• The value of these transactions was also at a new record at Rs 14.07 lakh crore.
• Meanwhile, FASTag transactions stood at 30.5 crore for Rs 5,149 crore.
• According to data released by the National Payments Corporation of India, IMPS transactions for April were down at 49.6 crore last month from 49.7 crore in March 2023.
• The value of transactions also dipped to Rs 5.21 lakh crore from Rs 5.46 lakh crore.
  Year on year, transactions were up 5% in number and and 17% in value.
• UPI transactions during April 2023 saw a 59% increase from April 2022.
• The value of these transactions was 49% higher than a year ago.
• Sequentially, the number of UPI transactions was 2.3% higher than 870 crore in March 2023, the busiest month for transactions and 18% higher than in February.
• In value terms, March 2023 was only marginally lower at Rs 14.05 lakh crore.

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Appointments – Daily Current Affairs May 01

10. Who was appointed as the Chief Justice of the Calcutta High Court?
A) Justice T S Sivagnanam
B) Justice DipankarDatta
C) Justice Sanjay Karol
D) Justice Mohammad Rafiq
E) Justice AbhayShreeniwas Oka
Answer: A) Justice T S Sivagnanam

• Justice T S Sivagnanam was appointed as the Chief Justice of the Calcutta High Court.
• The Supreme Court Collegium had recommended his name in February 2023 as the then chief justice, Justice Prakash Shrivastava, was to demit office on March 30.
• Justice Sivagnanam originally belongs to the Madras High Court and was so far the senior-most judge after the chief justice in the Calcutta HC.
• He was appointed as a judge on March 31 2009 and the date of his retirement is September 15 2025.

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11. Who has been appointed as the new chairman of the Atomic Energy Commission?
A) A K Mohanty
B) K Sivan
C) G. Satheesh Reddy
D) Ajay Kumar Bhalla
E) Pankaj Kumar
Answer: A) A K Mohanty

• The Appointments Committee of the Cabinet has approved the appointment of Dr Ajit Kumar Mohanty, Director, Bhabha Atomic Research Centre, as Secretary, Department of Atomic Energy and Chairman, Atomic Energy Commission tor a tenure up to the age of 66 years i.e. till 10.10.2025 or until further orders, whichever is earlier.
• Mohanty succeeds K N Vyas.
• Mohanty was appointed as the BARC director in March 2019.
• He served the Indian Physics Association (IPA) as its general secretary and later, as its president.
• He has twice been the CERN Scientific Associate, first during 2002-2004 and again during 2010-2011.

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National Affairs – Daily Current Affairs May 01

12. Under which section of the Information Technology Act, 2000, did the government block 14 messenger mobile applications?
A) Section 65A
B) Section 66A
C) Section 67A
D) Section 68A
E) Section 69A
Answer: E) Section 69A

• The government has blocked under Section 69A of the Information Technology Act, 2000, 14 messenger mobile applications largely used by terrorists in Jammu and Kashmir to communicate with their supporters.
• The apps blocked by the government include Crypviser, Enigma, Safeswiss, Wickrme, Mediafire, Briar, BChat, Nandbox, Conion, IMO, Element, Second line, Zangi, Threema among others.
• These mobile applications were used by terrorists in Kashmir to communicate with their supporters and on-ground workers (OGW).
• Previously, the Indian government banned numerous Chinese apps, accusing them of being “prejudicial to the sovereignty and integrity of India, defence of India, security of the state and public order.”
• In total, around 250 Chinese apps have been banned over the past few years. Since June 2020, more than 200 Chinese apps, including popular ones such as TikTok, Shareit, WeChat, Helo, Likee, UC News, Bigo Live, UC Browser, Xender, Camscanner, as well as popular mobile games such as PUBG Mobile and Garena Free Fire, have been banned.

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13. Which state has begun a Backward Classes Survey, becoming the second state to do so after Bihar?
A) Uttar Pradesh
B) Madhya Pradesh
C) Gujarat
D) Odisha
E) Jharkhand
Answer: D) Odisha

• The much-awaited survey of the other backward classes (OBCs) started across Odisha.
• The survey is being conducted by the Odisha State Commission for Backward Classes in both online and offline mode and will continue till May 27.
• It is being carried out in all 314 blocks and 114 urban local bodies of the state.
• Odisha is incidentally the second state after Bihar to conduct an OBC survey.
• The survey will encompass various indicators of backwardness such as occupation, educational qualification along with the type of educational institutions attended by members of the households to gauge the social and educational conditions of the backwardness in Odisha.
• The survey will be carried out under the powers conferred by section 9 of the Odisha State Commission for Backward Classes (OSCBC) Act, 1993 and OSCBC (Amendment) Act, 2020.

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14. What is the new deadline set by the Union Housing and Urban Affairs Ministry for the Smart Cities Mission?
A) June 2025
B) December 2025
C) June 2023
D) December 2023
E) June 2024
Answer: E) June 2024

• The Union Housing and Urban Affairs Ministry has decided to extend the deadline for the Smart Cities Mission till June 2024, following requests from some cities that sought more time to complete their ongoing projects.
• The existing deadline of the Mission was June 2023.
• The Narendra Modi government launched its flagship Smart Cities Mission (SCM) on June 25, 2015 and 100 cities were selected for redevelopment through two-stage competition from January 2016 to June 2018.
• According to the ministry, the one-year extension will ensure 100 per cent works under the SCM get completed in all 100 smart cities.
• According to the officials, out of 100 cities, around 50 have completed close to 75 per cent of their projects and are on track to complete remaining works by June 2023.
• Over 66 per cent projects in small cities, and over 80 per cent projects in the metros have been completed.
• As many as 232 public-private partnership projects worth Rs 15,006 crore have been taken up across 53 smart cities both small and big.
• The government has released around Rs 38,000 crore to 100 cities. Combining this with state and urban local bodies releases, the cumulative amount of funds released to cities stands at Rs 71,000 crore.
• An amount of Rs 8,000 crore, budgeted in FY 2023-24 in this mission.

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15. Where is the Science 20 Thematic Conference on Universal Holistic Health being held as part of India’s G20 Presidency?
A) Maharashtra
B) Delhi
C) Tamil Nadu
D) West Bengal
E) Lakshadweep
Answer: E) Lakshadweep

Science20

• The Inception Meeting of Science20 (S20), the science engagement vertical of G20, was held at Puducherry on 30 and 31 January 2023.
• S20 Engagement Group, comprising the national science academies of the G20 countries, was initiated during Germany’s Presidency in 2017.
• The theme of S20 for 2023 is Disruptive Science for Innovative and Sustainable Development.
• The next three meetings will be held in Agartala (Tripura), Bangaram Island (Lakshadweep) and Bhopal (Madhya Pradesh).
• The Indian Institute of Science (IISc.) will be the secretariat for the Science 20 (S20).

Sustainable and Resilient Communities Working group Civil 20

• The C20 India 2023 is one of the official Engagement Groups of the G20 that provides a platform for Civil Society Organizations (CSO) around the world to voice their aspirations to the world leaders at the G20’s 2023 Summit in India.
• The C20 India 2023 Working Group on Sustainable and Resilient Communities – Climate, Environment and Net Zero Targets is one of the 14 Working Groups that have been formed under C20 India 2023.
• The C20 conclave is a major event under India’s G20 Presidency that aims to bring out extensive dialogue and engagement with Civil Society Organizations, policymakers, representatives from government and non-governmental agencies, and academicians from around the world to understand existing global policies related to the Sustainability and Resilient Communities and to further identify gaps and come up with innovative solutions which will then be presented to the G20 nations at the summit in September 2023.

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16. Who launched the Veterinary Council of India (VCI) portal on World Veterinary Day?
A) Narendra Modi
B) Amit Shah
C) Ram NathKovind
D) ParshottamRupala
E) Prahlad Patel
Answer: D) ParshottamRupala

• Animal Husbandry and Dairying Minister ParshottamRupala launched Veterinary Council of India (VCI) portal on World Veterinary Day.
• The theme of World Veterinary Day for 2023 is promoting diversity, equity, and inclusiveness in the veterinary profession.
• Rupala also released the draft minimum standards of veterinary practices regulation (MSVPR) 2023.
• Veterinary Council of India is a statutory body established under the Indian Veterinary Council Act 1984. It receives 100 % grants–in–aid from the Department of Animal Husbandry and Dairying, Ministry of Fisheries Animal Husbandry and Dairying to meet the cost of running the offices of the Council.

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