Daily Current Affairs May 09

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 09. 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 09| Daily Current Affairs 2023

Important Days – Daily Current Affairs May 09

1. Time of Remembrance and Reconciliation for Those Who Lost Their Lives during the Second World War is observed on ____?
A) May 1 and 2
B) May 4 and 5
C) May 6 and 7
D) May 8 and 9
E) May 11 and 12
Answer: D) May 8 and 9

• The Time of Remembrance and Reconciliation for Those Who Lost Their Lives during the Second World War (May 8 and May 9) is an annual international day of remembrance designated by Resolution 59/26 of the United Nations General Assembly on November 22, 2004.
• The resolution urges ‘Member States, organizations of the United Nations system, non-governmental organizations and individuals’ to pay tribute to the victims of World War II.

World Portuguese Language Day

• World Portuguese Language Day is observed annually on May 5.
• In November 2019, the 40th session of UNESCO’s General Conference decided to proclaim May 5 of each year as “World Portuguese Language Day”.
• First Edition: 2000
• The date of May 5 was chosen to coincide with the first meeting of the Ministers of Culture of the CPLP which occurred in 2005 and was subsequently declared Dia da Cultura da CPLP.

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Sports – Daily Current Affairs May 09

2. Who has been named the ICC Men’s Player of the Month for April?
A) ViratKohli
B) Kane Williamson
C) Joe Root
D) Fakhar Zaman
E) Babar Azam
Answer: D) Fakhar Zaman

• Pakistan star Fakhar Zaman has been named the ICC Men’s Player of the Month for April, beating Sri Lanka spin wizard PrabathJayasuriya and emerging New Zealand batter Mark Chapman.
• Thailand batter NaruemolChaiwai has been adjudged the ICC Women’s Player of the Month for April 2023, beating out competition from Zimbabwe’s KelisNdhlovu and UAE’s KavishaEgodage for the coveted monthly award.

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3. How many silver medals did Indian weightlifters win at the Asian Weightlifting Championships 2023 in Jinju, South Korea?
A) One
B) Two
C) Three
D) Four
E) Five
Answer: C) Three

• In Weightlifting, Indian weightlifters finished the Asian Weightlifting Championships 2023 in Jinju, South Korea, with three silver medals.
• Bindyarani Devi (women’s 55kg) – silver medal in overall
• Bindyarani Devi (women’s 55kg) – silver medal in clean & jerk
• Jeremy Lalrinnunga (men’s 67kg) – silver medal in snatch

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Obituary – Daily Current Affairs May 09

4. Who was the SahityaAkademi Award winning Bengali literateur that passed away recently?
A) Rabindranath Tagore
B) Bankim Chandra Chattopadhyay
C) SamareshMajumdar
D) Satyajit Ray
E) Mahasweta Devi
Answer: C) SamareshMajumdar

• SahityaAkademi Award winning Bengali literateurSamareshMajumdar, who is known for portraying the tumultuous Naxalaite period of the 1970s, died.
• He was first published in the year 1967- a novel named ‘Dour’ (Run).
• The SahityaAkademi Award which he won for ‘Kalbela’ in 1984.
• Apart from this, he has been conferred the Anand Award and Bankim Award. In 2018, the West Bengal government honoured him with the ‘BangaBibhushan’ award.

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Banking and Finance – Daily Current Affairs May 09

5. Which company has AU Small Finance Bank partnered with to introduce the Business Cashback RuPay credit card?
A) Mastercard
B) Visa
C) American Express
D) Discover
E) RuPay
Answer: E) RuPay

• AU Small Finance Bank has partnered with RuPay to introduce BusinessCashback RuPay credit card to meet the financial requirements of self-employed customers.
• This card simplifies financial operations for businesses with benefits like up to 2 percent cashback, 48 days interest-free credit and instant loans.
• The credit card offers fire insurance, burglary and housebreaking coverage, making it a one-stop solution for businesses.
• Additionally, the credit card provides lifestyle and travel benefits. Their Silver Spoon Dining Program also offers cardholders up to 30 percent off at over 300 restaurants, 8 complimentary railway lounge access per annum and 1 percent fuel surcharge waiver.
• AU Small Finance Bank Limited (AU Bank) is a scheduled commercial bank. It started its banking operations in April 2017.

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6. Which company has tied up with SBI to provide easy loans to customers purchasing the cold storage system called ‘Subjee Cooler’?
A) Tata Steel
B) Reliance Industries
C) Rukart
D) Mahindra & Mahindra
E) Adani Group
Answer: C) Rukart

• Agritech firm Rukart, which sells ‘Subjee Cooler’ to enhance shelf life of fruits and vegetables, has tied up with SBI to help potential customers in getting easy loan options to buy the product.
• Founded in May 2019, Rukart manufactures Subjee Cooler, a cold chain storage system that requires only 20 liters of water a day to function. It increases the shelf life of fruits, flowers and vegetables by 4-6 days.
• The cost of the product is Rs 50,000 each and one Subjee Cooler has a storage capacity of 100 kg.
• Rukart is mentored by the Powering Livelihoods program, jointly run by Council On Energy, Environment and Water (CEEW) and Villgro Innovations Foundation.

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7. Which bank has successfully re-domiciled Alchemy India Long Term Fund from Mauritius to GIFT City in Gandhinagar?
A) HDFC Bank
B) ICICI Bank
C) Axis Bank
D) Kotak Mahindra Bank
E) State Bank of India
Answer: D) Kotak Mahindra Bank

• Kotak Mahindra Bank Limited announced it has successfully re-domiciled Alchemy India Long Term Fund from Mauritius to GIFT City in Gandhinagar, which houses India’s first International Financial Services Centre (IFSC).
• The bank has issued the first-ever foreign portfolio investor (FPI) license to Alchemy’s Fund incorporated in GIFT and registered with FISCA for relocating from its original jurisdiction to the new one.
• This is the first such FPI license issued by a custodian bank or designated depository participant (DDP) in India, to a fund incorporated in GIFT City, to relocate an existing fund.
• Next month, Alchemy India Long Term Fund will complete 15 years of operation.

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8. What is the name of the lending proposition launched by YES BANK to provide financial assistance to MSME manufacturers who want to install solar panels at their premises?
A) YES SUNSHINE
B) YES GREEN
C) YES ECO
D) YES SUSTAIN
E) YES KIRAN
Answer: E) YES KIRAN

• YES BANK, a full-service commercial bank headquartered in Mumbai, has launched a lending proposition called “YES KIRAN” to provide financial assistance to Micro, Small and Medium Enterprises (MSME) manufacturers who want to install solar panels at their premises.
• The programme aims to support the adoption of sustainable energy practices by MSMEs while also bringing cost efficiency by reducing their expenses towards power and fuel.
• YES KIRAN offers a range of benefits to MSMEs, including less operational cost, end-to-end support, flexible loan tenure at competitive interest rates, and a variety of tie-ups with leading solar panel manufacturers and installers such as Tata Power Solar Systems Limited, Goldi Solar, Loom Solar.
• The bank has also partnered with companies like Panasonic Solar Power System to help businesses transition to renewable energy solutions.
• With the launch of YES KIRAN, YES BANK aims to partner with the nation in becoming an early adopter of solar energy and promote the adoption of sustainable energy practices by MSMEs.

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Acquisitions and Mergers – Daily Current Affairs May 09

9. What is the percentage increase stake in LIC’s holding in HPCL?
A) 0.013%
B) 0.112%
C) 0.122%
D) 0.211%
E) 0.312%
Answer: A) 0.013%

• Life Insurance Corporation (LIC) said its shareholding in state-owned Hindustan Petroleum Corporation has crossed 5 per cent.
• The shares were acquired in the ordinary course of transaction through open market purchases.
• LIC’s holding in HPCL increased from 4.901 per cent to 5.013 per cent. It is an increase of 0.112 per cent, at an average cost of Rs 253.01.

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Appointments – Daily Current Affairs May 09

10. Who has been recommended by PESB for the post of Chairman and Managing Director (CMD) of Power Finance Corporation (PFC)?
A) Parminder Chopra
B) Anil Kumar Gupta
C) Rohit Kumar Singh
D) Rakesh Kumar
E) Sunil Kumar Bansal
Answer: A) Parminder Chopra

• Parminder Chopra is set to head Power Finance Corporation (PFC), with PESB recommending her name for the post of Chairman and Managing Director (CMD) of the state-owned non-banking financial institution.
• Chopra currently serving as Director (Finance), will be the first woman CMD of the NBFC, under the Ministry of Power.
• She has over 35 years of experience in the power sector, including work experience at NHPC and the Power Grid Corporation of India (PGCIL).

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Awards – Daily Current Affairs May 09

11. Who won the Laureus Sportsmen of the Year 2023 award?
A) Cristiano Ronaldo
B) Rafael Nadal
C) Usain Bolt
D) Lionel Messi
E) Novak Djokovic
Answer: D) Lionel Messi

• Argentina’s World Cup winning captain, Lionel Messi, has won the 2023 Laureus World Sportsman of the Year award.
• It was Messi’s second individual title after sharing that honour with Formula 1 driver Lewis Hamilton in 2020.
• Jamaican sprinter Shelly-Ann Fraser-Pryce win the Sportswoman of the Year award
• The Laureus Sports Awards honoring eight winners were held live in Paris for the first time since 2020.
• This year : 24th Edition
• First Edition : 2000

Winners List:

• World Sportsman of the Year Award: Lionel Messi (Argentina , Football)
• World Sportswoman of the Year Award: Shelly-Ann Fraser-Pryce (Jamaica. Athlete)
• World Team of the Year Award: Argentina Men’s Football Team (Football)
• World Comeback of the Year Award: Christian Eriksen (Spain, Tennis)
• World Sportsperson of the Year with a Disability Award: Catherine Debrunner (Switzerland, Para-athlete Wheel racer)
• World Action Sportsperson of the Year Award: Eileen Gu (China, Freestyle skiing)
• Laureus Sport for Good Award: TeamUp

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International Affairs – Daily Current Affairs May 09

12. How much is the credit line extended by India for Sri Lanka, and for how long has it been extended?
A) $500 million for 6 months
B) $1 billion for 1 year
C) $2 billion for 2 years
D) $3 billion for 5 years
E) $5 billion for 10 years
Answer: B) $1 billion for 1 year

• India has decided to extend the $1 billion credit line for Sri Lanka that is in the midst of an economic crisis. India decided to extend the credit line by a year, allowing the neighbour the much-needed back-up funds to pay for essential imports.
• The credit line is part of the $4 billion emergency assistance that was extended by India during Sri Lanka’s peak crisis time last year, and was scheduled to end in March. The funds were mostly used for medicines and food.
• The credit line is extended till March 2024.
• Sri Lanka has, meanwhile, secured a $3 billion bailout package from the International Monetary Fund in March, and has kicked off debt restructuring talks with key bilateral creditors India, Japan and China.

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National Affairs – Daily Current Affairs May 09

13. Which organization(s) has India Post signed a Memorandum of Understanding with for logistics services?
A) Indian Railways and Tata Motors
B) Amazon and Blue Dart
C) Confederation of All India Traders (CAIT) and Tripta Technologies
D) DHL and FedEx
E) Flipkart and Gati
Answer: C) Confederation of All India Traders (CAIT) and Tripta Technologies

• India Post has signed a Memorandum of Understanding with Confederation of All India Traders (CAIT) and Tripta Technologies for logistics services.
• The MoU will benefit small and medium traders as they will be able to use India Post as a logistics service provider across the country.
• The partnership between India Post, CAIT and Tripta Technologies will provide shipping and the last mile delivery services to CAIT’s strong trader base and small and medium business in the unorganised sector.
• The MoU marks a significant milestone for taking e-commerce to small towns and rural areas and is expected to benefit thousands of traders.

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14. Which insurance schemes were launched by Prime Minister Shri Narendra Modi on 9th May, 2015 from Kolkata, West Bengal?
A) PMJJBY and PMSBY
B) PMSBY and APY
C) PMJJBY and APY
D) PMJJBY, PMSBY and APY
E) PMFBY and PMUY
Answer: D) PMJJBY, PMSBY and APY

• The 8th anniversaries of the three social security (Jan Suraksha) schemes — Pradhan Mantri Jeevan JyotiBimaYojana (PMJJBY), Pradhan Mantri Suraksha BimaYojana (PMSBY) and Atal Pension Yojana (APY) are completed.
• PMJJBY, PMSBY and APY were launched by Prime Minister Shri Narendra Modi on 9th May, 2015 from Kolkata, West Bengal.
• In order to ensure that the people from the unorganised section of the country are financially secure, the Government launched two insurance schemes —PMJJBY and PMSBY; and also introduced APY to cover the exigencies in the old age.
• Citing data on the 8th anniversaries of the Jan Suraksha Schemes, Smt. Sitharaman said that 16.2 crore, 34.2 crore and 5.2 crore enrolments have been done under PMJJBY, PMSBY & APY respectively till 26th April 2023.

1. Pradhan Mantri Jeevan JyotiBimaYojana (PMJJBY)

• Scheme: PMJJBY is a one-year life insurance scheme renewable from year to year offering coverage for death due to any reason.
• Eligibility: Persons in the age group of 18-50 years having an individual bank or a post office account are entitled to enroll under the scheme. People who join the scheme before completing 50 years of age can continue to have the risk of life covered up to age of 55 years upon payment of regular premium.
• Benefits: Life cover of Rs. 2 Lakh in case of death due to any reason against a premium of Rs. 436/- per annum.
• Enrolment: Enrolments under the scheme can be done by visiting the branch/ BC point or website of the bank of the account holder or at the post office in case of post office savings bank account. The premium under the scheme is auto debited every year from the subscriber’s bank account based on a one-time mandate from the account holder.
• Achievements: As on 26.04.2023, the cumulative enrolments under the scheme have been more than 16.19 crore and an amount of Rs. 13,290.40 crore has been paid for 6,64,520 claims.

2. Pradhan Mantri Suraksha BimaYojana (PMSBY)

• Scheme: PMSBY is a one-year accidental insurance scheme renewable from year to year offering coverage for death or disability due to accident.
• Eligibility: Persons in the age group of 18-70 years having an individual bank or a post office account are entitled to enroll under the scheme.
• Benefits: Accidental death cum disability cover of Rs.2 lakh (Rs.1 lakh in case of partial disability) for death or disability due to an accident against a premium of Rs.20/- per annum.
• Enrolment: Enrolment under the scheme can be done by visiting the branch/ BC point or website of the bank of the account holder or at the post office in case of post office savings bank account. The premium under the scheme is auto debited every year from the subscriber’s bank account based on a one-time mandate from the account holder.
• Achievements: As on 26.04.2023, the cumulative enrolments under the scheme have been more than 34.18 crore and an amount of Rs. 2,302.26 crore has been paid for 1,15,951 claims.

3. Atal Pension Yojana (APY)

• Background: The Atal Pension Yojana (APY) was launched to create a universal social security system for all Indians, especially the poor, the under-privileged and the workers in the unorganised sector. It is an initiative of the Government to provide financial security and cover future exigencies for the people in the unorganised sector. APY is administered by Pension Fund Regulatory and Development Authority (PFRDA) under the overall administrative and institutional architecture of the National Pension System (NPS).
• Eligibility: APY is open to all bank account holders in the age group of 18 to 40 years who are not income tax payers and the contributions differ, based on pension amount chosen.
• Benefits: Subscribers would receive the guaranteed minimum monthly pension of Rs. 1000 or Rs. 2000 or Rs. 3000 or Rs. 4000 or Rs. 5000 after the age of 60 years, based on the contributions made by the subscriber after joining the scheme.
• Disbursement of the Scheme Benefits: The monthly pension is available to the subscriber, and after him to his spouse and after their death, the pension corpus, as accumulated at age 60 of the subscriber, would be returned to the nominee of the subscriber.
• In case of premature death of subscriber (death before 60 years of age), spouse of the subscriber can continue contribution to APY account of the subscriber, for the remaining vesting period, till the original subscriber would have attained the age of 60 years.
• Contribution by Central Government: The minimum pension would be guaranteed by the Government, i.e., if the accumulated corpus based on contributions earns a lower than estimated return on investment and is inadequate to provide the minimum guaranteed pension, the Central Government would fund such inadequacy. Alternatively, if the returns on investment are higher, the subscribers would get enhanced pensionary benefits.
• Payment frequency: Subscribers can make contributions to APY on monthly/ quarterly / half-yearly basis.
• Withdrawal from the Scheme: Subscribers can voluntarily exit from APY subject to certain conditions, on deduction of Government co-contribution and return/interest thereon.
• Achievements: As on 27.04.2023 more than 5 crore individuals have subscribed to the scheme.

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15. What is the name of the operation launched by Punjab Police against anti-social elements across the state?
A) Operation Peace
B) Operation Justice
C) Operation Security
D) Operation Vigil
E) Operation Harmony
Answer: D) Operation Vigil

• Punjab Police launched a two-day special checking operation named Operation Vigil against anti-social elements across the state.
• The operation is a multi-pronged checking and area domination was being carried out across the state.
• The ‘operation vigil’ is being conducted at bus stands, markets, railway stations and other public places.
• The main aim behind this operation is two-fold. Firstly, to take action against anti-social elements and secondly to build confidence in the public.

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16. Where did the third meeting of the G20 Development Working Group (DWG) take place?
A) Mumbai
B) New Delhi
C) Bengaluru
D) Goa
E) Kolkata
Answer: D) Goa

• The third meeting of the G20 Development Working Group (DWG) began in Goa with 80 delegates from member countries participating in it.
• The first two sessions of DWGs were held in Mumbai and Kerala.
• The meeting is being co-chaired by India’s DWG Co-Chairs – Ministry of External Affairs Joint Secretaries Mr. Nagaraj K. Naidu and Ms. EenamGambhir.
• India assumed presidency of the G20 for one year from December 1, 2022 to November 30, 2023.The G20, or Group of 20, is an intergovernmental forum of the world’s major developed and developing economies.
• It comprises Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, the Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the UK, the US, and the European Union (EU).
• Collectively, the G20 accounts for 85 per cent of the global GDP, 75 per cent of international trade, and two-thirds of the world population, making it the premier forum for international economic cooperation.

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17. Who jointly inaugurated the Sittwe Port in Myanmar?
A) Narendra Modi and Aung San Suu Kyi
B) SarbanandaSonowal and Admiral Tin Aung San
C) Amit Shah and Min Aung Hlaing
D) S. Jaishankar and WunnaMaungLwin
E) Rajnath Singh and General Mya TunOo
Answer: B) SarbanandaSonowal and Admiral Tin Aung San

• Union Minister SarbanandaSonowal and Myanmar’s Deputy Prime Minister Admiral Tin Aung San jointly inaugurated the Sittwe Port in Myanmar and received the first Indian cargo ship.
• The cargo ship was flagged off from Syama Prasad Mookerjee Port, Kolkata.
• The Sittwe Port has been developed as part of the Kaladan Multi-Modal Transit Transport Project (KMTTP) funded by the government of India.
• It will link the East coast of India with the northeastern states. It will also provide an alternative route for the region, to access international sea routes via the port.
• The seaport with a maximum capacity of 20,000 DWT will make Sittwe the maritime hub of Myanmar, drastically reducing the transportation cost of cargo from other parts of the country to the northeast, opening up unprecedented avenues of economic growth for the region.
• The KMTTP comprises four sections, from India to Sittwe Port via maritime shipping, from Sittwe to Paletwa via Kaladan River, from Paletwa to Indo-Myanmar border via road and from the border to our National Highways via road.

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