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.


May 08| Daily Current Affairs 2022

Important Days – Daily Current Affairs May 08

1. World Red Cross Day is celebrated on?
A) May 04
B) May 06
C) May 07
D) May 08
E) May 01
Answer: D) May 08

  • To commemorate the principles of the International Red Cross and Red Crescent Movement, every year on May 8, World Red Cross day is celebrated.
  • The day also marks the birth anniversary of Henry Dunant, who was the founder of the International Committee of the Red Cross (ICRC) and the recipient of the first Nobel Peace Prize.
  • In 1936, the proposal called ‘Red Cross Truce’ was approved at the Tokyo conference, however, the then League of Red Cross Societies (LRCS) considered it only after World War II in 1946.
  • On May 8, 1948, the world celebrated its first Red Cross Day.


  • ‘Be Human Kind’.

2. SVAMITVA scheme was launched in the year?
A) 2014
B) 2020
C) 2019
D) 2018
E) 2015
Answer: B) 2020

  • The second anniversary of Survey of Villages Abadi and Mapping with Improvised Technology in Village Areas – SVAMITVA scheme is celebrated on 24th April.
  • It is a Central Sector Scheme of the Ministry of Panchayati Raj which is aimed to provide the record of rights to village household owners in rural areas and issue Property Cards.
  • The scheme was launched by the Prime Minister Narendra Modi on 24th April, 2020, on the occasion of National Panchayati Raj Day.
  • SVAMITVA Scheme is being implemented across the country in a phased manner and will cover around six lakh 62 thousand villages of the country.

Sports – Daily Current Affairs May 08

3. Archery World Cup 2022 India won how many gold?
A) 2
B) 1
C) 5
D) 3
E) 4
Answer: A) 2

  • India’s Tarundeep Rai and Ridhi won the recurve mixed team gold medal at the Archery World Cup 2022 in Antalya, Turkey.
  • The compound men’s team of Abhishek Verma, Aman Saini, and Rajat Chauhan won gold in the final after defeating France.


Capital : Ankara
Currency : Turkish lira (TRY)
President : Recp Tayyip Erdogan
Language : Turkish

Banking and Finance – Daily Current Affairs May 08

4. Which of the following state launched loan scheme for prisoners for the first time?
A) Uttar Pradesh
B) Madhya Pradesh
C) Maharashtra
D) Sikkim
E) Goa
Answer: C) Maharashtra

  • The Maharashtra Department of Prisons has launched a loan scheme for inmates serving sentences in jails across the state.
  • The credit scheme titled Jivhala is being offered by the Maharashtra State Cooperative Bank.
  • The pilot was introduced for prisoners at Yerawada Central Jail in Pune, and will gradually be extended to nearly 60 prisons across the state.
  • The first kind of credit scheme for prisoners in India.
  • Existing loans initiatives for inmates are for rehabilitation after completion of their prison terms.
  • Primarily for convicted inmates who are undergoing a prison sentence of more than three years.
  • In the initial phase, a loan of Rs 50,000 will be given at a 7 per cent interest rate.
  • Of the interest the bank earns, one per cent will be given back to the system as a contribution to the Prisoners’ Welfare Fund.
  • The loan will be provided without any requirement of mortgage or guarantor.
  • Inmates will be able to use the loans for education of their children, medical treatment of family members, legal fees, or any other expenses.
  • On entering the prison system, an inmate is categorised as skilled, semi-skilled or un-skilled and assigned work in various industrial and manufacturing units inside the prison.
    For this work, they are paid anywhere between Rs 50 to 70 as daily wages.

Maharashtra State Cooperative Bank:

Founded : 01/05/1961
HQ : Mumbai
Chairman : VV Anaskar

Business and Economy – Daily Current Affairs May 08

5. Adani Wilmar dislodgedwhich company from the position of India’s largest FMCG Company?
C) Tata
Answer: E) HUL

  • Adani Wilmar Ltd (AWL) has trounced Hindustan Unilever Ltd (HUL) from the position of largest FMCG Company of India.
  • This became public after the announcement of Q4FY22 results of Adani Wilmar.
  • While sharing its Q4FY22 results, Adani Wilmar reported operational revenue of ₹54,214 crore in FY22 whereas HUL’s yearly revenue stands at ₹51,468 crore in FY2021-22.

Adani Wilmar Ltd (AWL):

Founded : 1999
HQ : Ahmedabad
CEO & MD : Angshu Mallick

Acquisitions and Mergers – Daily Current Affairs May 08

6. Generali completed acquisition of how many percent stake in Future Generali India Insurance from Future Group?
A) 50%
B) 25%
C) 33%
D) 48%
E) 51%
Answer: B) 25%

  • Italian financial services major Generali has completed the acquisition from Future Enterprises of 25 per cent stake in Future Generali India Insurance, and its stake in the JV has now gone up to 74 per cent.
  • Generali received the approval from the relevant regulatory and competition authorities.
  • The deal is fully in line with the ‘Lifetime Partner 24: Driving Growth’ strategy, strengthening Generali’s position in fast-growing markets and confirms the group’s commitment to deliver profitable growth whilst creating value for stakeholders.
  • Generali is the first player among international insurers to step-up to a majority stake in both its Indian Life and P&C (Property and Casualty) insurance joint venture (JV) companies since the new foreign ownership cap came into effect.

Awards – Daily Current Affairs May 08

7. Who among the following received the Woman Transforming India Award by Indo-American Chamber of Commerce?
A) Gaurav Modi
B) Nithi Modi
C) Nirav Modi
D) Dr Bina Modi
E) Narendra Modi
Answer: D) Dr Bina Modi

  • Dr Bina Modi, Chairperson of Modi Enterprises was adjudged the ‘Woman Transforming India’ Award at Indo-American Chamber of Commerce 6th Entrepreneur & Leadership Awards 2022.
  • The Award was presented by the Honourable Union Minister for Civil Aviation, Shri JyotiradityaScindia.

Defence – Daily Current Affairs May 08

8. Be prepared for space attacks: Rajnath Singh to Indian Air Force,what is his constituency?
A) Varanasi
B) Amethi
C) Lucknow
D) Bangalore
E) Gandhinagar
Answer: C) Lucknow

  • The Indian Air Force (IAF) to be ready to protect the country against attacks launched from space-based assets, Defence Minister Rajnath Singh.
  • The IAF needed to be prepared to protect the country from the challenges of the future.

Ministry of Defence:

Union Minister : Rajnath Singh (Rajya Sabha MP, Lucknow)
Minister of State: Ajay Bhatt (Nainital-Udham Singh Nagar, Uttarakhand)

National Affairs – Daily Current Affairs May 08

9. Who among the following minister launched NSDL’s investor awareness programme for students?
A) Finance Minister
B) External Affairs Minister
C) Home Minister
D) Agriculture Minister
E) Commerce Minister
Answer: A) Finance Minister

  • Union Finance Minister Nirmala Sitharaman launched the National Securities Depository Limited’s (NSDL) investor awareness programme for students.
  • The programme named ‘Market KaEklavya’ is an online investor awareness programme for students in Hindi and other regional languages.
  • The National Securities Depository Limited (NSDL) has launched a new investor awareness programme as part of its silver jubilee celebration.
  • “Through ‘Market kaEklavya’, you will be able to reach out to many who are in need of financial literacy.
  • It is the right time when people have an inclination to know about the market and also the right approach taken by NSDL by educating the students.
  • The Finance Minister asked NSDL to take the initiative global by introducing the programme in world languages.

Ministry of Finance:

Union Minister : Nirmala Sitharaman (Rajyasabha MP, Karnataka)
Minister of State: Bhagwat Karad (Rajyasabha MP, Maharashtra), Pankaj Choudhary (Maharajganj, UP)

10. Which ministry launched ‘CAPF Punarvaas’ through Welfare and Rehabilitation Board to facilitate retired CAPF, Assam Rifle personnel?
A) Ministry of Industry and Commerce
B) Ministry of Railways
C) Ministry of Defence
D) Ministry of External Affairs
E) Ministry of Home Affairs
Answer: E) Ministry of Home Affairs

  • With an aim to facilitate retired Central Armed Police Force (CAPF) and Assam Rifle personnel to secure employment with private security agencies, the Ministry of Home Affairs has launched ‘CAPF Punarvaas’ through the Welfare and Rehabilitation Board (WARB).
  • Portal will help retired Central Armed Police Force (CAPF) and Assam Rifles personnel seeking re-employment with private security agencies to find appropriate match by uploading personal details on WARB website along with their area of expertise and preferred employment location.

Ministry of Home Affairs:

Union Minister : Amit Shah (Gandhinagar, Gujarat)
Minister of State: Nityanand Rai (Ujiyarpur, Bihar),Nisith Pramanik (Cooch Behar, West Bengal),Ajay Kumar Mishra (Kheri, UP)

Over All Review

Important Days

  • World Red Cross Day 2022.
  • Second anniversary of SVAMITVA scheme.


  • Archery World Cup 2022 Tarundeep Rai, Ridhi win gold in recurve mixed team event.

Banking and Finance 

  • The loan scheme for inmates in Maharashtra’s prisons.

Business And Economy

  • Adani Wilmar dislodges HUL from the position of India’s largest FMCG Company.

Acquisitions and Mergers

  • Generali completes acquisition of 25 pc stake in Future Generali India Insurance from Future Group.


  • Dr Bina Modi, Chairperson, Modi Enterprises Receives the Woman Transforming India Award by Indo-American Chamber of Commerce.


  • Be prepared for space attacks: Rajnath Singh to Indian Air Force.

National Affairs

  • Nirmala Sitharaman launches NSDL’s investor awareness programme for students.
  • MHA launches ‘CAPF Punarvaas’ through Welfare and Rehabilitation Board to facilitate retired CAPF, Assam Rifle personnel.


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