Daily Current Affairs May 11

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May 11| Daily Current Affairs 2023

Important Days – Daily Current Affairs May 11

1. On which date is National Technology Day celebrated every year?
A) January 26
B) March 21
C) April 22
D) May 11
E) July 4
Answer: D) May 11

• National Technology Day is celebrated every year on May 11.
• Edition: 25th

History:

• Under the leadership of the then Prime Minister Atal Bihari Vajpayee, India conducted a series of five nuclear bomb tests (Pokhran-II) in May 1998.
• Following the success of Pokhran-II, the government declared May 11 as National Technology Day in 1998. The first Nuclear test was conducted in May 1974.
• In 1998, India became the world’s sixth nuclear test. The country was put under heavy sanctions by the US government following the nuclear test.
• However, India didn’t back down under the influence of western powers and went ahead with the test.
• Since then, May 11 is being celebrated as National Technology Day to acknowledge the contribution of scientists and engineers in the development of the country.
• Apart from this, India also tested its first indigenous aircraft ‘Hansa-3’ on this day from Bengaluru.
• A successful test firing of the Trishul missile was conducted by India’s Defence Research and Development Organisation on May 11, 1998, following the testing of Hansa-3.

Theme:

• For 2023, the theme is ‘School to Startups-Igniting Young Minds to Innovate’.

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Sports – Daily Current Affairs May 11

2. Where will the All India Pickleball Association organize the Third National Ranking Pickleball Tournament?
A) Mumbai, Maharashtra
B) New Delhi, Delhi
C) Kolkata, West Bengal
D) Margao, Goa
E) Bengaluru, Karnataka
Answer: D) Margao, Goa

• The third National Ranking Pickleball Tournament will be organised by the All India Pickleball Association (AIPA) from May 19 to 21.
• AIPA will conduct the tournament in association with the Goa Pickleball Association and Directorate of Sports and Youth Affairs, Goa.
• The competition will be held at the Fatorda Stadium.
• The previous two editions were held at Pune in 2019 and at Dombivli, near Mumbai in 2021.

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Obituary – Daily Current Affairs May 11

3. Who was the Mexican goalkeeper known for being the first player to appear in five World Cups and recently passed away?
A) Javier Hernández
B) Guillermo Ochoa
C) Hugo Sánchez
D) Jorge Campos
E) Antonio Carbajal
Answer: E) Antonio Carbajal

• Antonio Carbajal, the Mexican goalkeeper who became the first player to appear in five World Cups, died.
• Known as “La Tota,” he played for Mexico in 11 World Cup matches from 1950-66.
  Carbajal made his international debut against Brazil in the opening match of the 1950 FIFA World Cup Brazil.
• Carbajal played 47 games for the Mexican national team and appeared in World Cups in Brazil in 1950, Switzerland in 1954, Sweden in 1958, Chile in 1962 and England in 1966.

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Banking and Finance – Daily Current Affairs May 11

4. Which subsidiary of Unnati received an NBFC (Non-Banking Financial Company) license?
A) Unnati Banking
B) Unnati Financial Services
C) Unnati Capital
D) Ora Finance
E) Unnati NBFC
Answer: D) Ora Finance

• Fintech-driven agritech firm Unnati announced that its subsidiary Ora Finance has become the first firm to receive NBFC licence in agritech space.
• The move will allow the company to meet the financial requirements of those in the agricultural sector, like farmers, retailers, traders, brands, and food processors.
• Unnati has a network of more than 100,000 registered retailers and traders who use its uStore app to engage with the farmers and manage their agri-business on a day to day business. These partners reach out to more than 1.3 million farmers through its apps.

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5. How much funding has been approved by the World Bank for zoonotic disease prevention in India?
A) USD 10 million
B) USD 25 million
C) USD 50 million
D) USD 82 million
E) USD 100 million
Answer: D) USD 82 million

• The World Bank has approved a USD 82 million loan towards the adoption of global best practices for animal health management and to prevent, detect, and respond to endemic zoonotic diseases in India.
• The loan has a maturity of 11.5 years with a grace period of 4.5 years.
• An infection or disease that is transmissible from animals to humans under natural conditions is called zoonotic.

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6. Bank of Baroda has launched electronic bank guarantee (e-BG) on its BarodaINSTA platform in collaboration with which organization?
A) Reserve Bank of India (RBI)
B) National Stock Exchange (NSE)
C) National Payments Corporation of India (NPCI)
D) National E-Governance Services Limited (NeSL)
E) Securities and Exchange Board of India (SEBI)
Answer: D) National E-Governance Services Limited (NeSL)

• State-owned Bank of Baroda announced the launch of electronic bank guarantee (e-BG) on its BarodaINSTA platform, in partnership with National E-Governance Services Limited (NeSL).
• NeSL is India’s first and only Information Utility and is regulated by the Insolvency and Bankruptcy Board of India (IBBI) under the provisions of the Insolvency and Bankruptcy Code, 2016 (IBC).
• NeSL offers a platform for the issuance of Inland BGs through electronic mode. The digital steps in an e-BG include BG application, preview and confirm, paperless e-stamping, e-signing, hosting of the final electronic BG on the NeSL portal and intimation of final BG to the beneficiary.
• Electronic bank guarantee is a start-to-end digital process across the complete lifecycle of a BG including issuance, amendment and closure resulting in substantial reduction in the turnaround time in issuing a BG, while at the same time bringing in greater security and accessibility.

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Appointments – Daily Current Affairs May 11

7. Who will be the interim CEO and managing director of the National Investment and Infrastructure Fund (NIIF)?
A) Rajiv Dhar
B) Ravi Sharma
C) Neha Kapoor
D) Sanjay Patel
E) Anushka Singh
Answer: A) Rajiv Dhar

• National Investment and Infrastructure Fund Limited (NIIFL) has appointed Rajiv Dhar, Executive Director & Chief Operating Officer as the Chief Executive Officer & Managing Director of NIIFL on an interim basis, effective May 11, 2023.
• He succeeds Sujoy Bose who is leaving after holding the position since 2016.
• Dhar, executive director and chief operating officer, has been part of NIIF since 2017.
• The government had set up the Rs 40,000-crore NIIF in December 2016 as an investment vehicle for funding commercially viable greenfield, brownfield and stalled projects. It was envisioned as a mother fund with several sectoral feeder funds.
  Government capital in NIIF covers three funds — Master Fund, Fund of Funds, and Strategic Opportunities Fund (together referred to as NIIF) — all managed by the same investment manager (NIIF Limited).
• The corpus of NIIF is proposed to be Rs 40,000 crore wherein the government intends to invest 49 per cent. It will raise third-party capital for the remaining Rs 20,000 crore from long-term international investors, such as sovereign wealth funds, insurance and pension funds, and endowments.

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8. Who has been given the additional charge as the CMD (Chairman and Managing Director) of NHPC (National Hydroelectric Power Corporation)?
A) Rajeev Kumar Vishnoi
B) Anil Kumar Jha
C) SanjivNandanSahai
D) Pramod Agrawal
E) Rajnish Kumar
Answer: A) Rajeev Kumar Vishnoi

• THDCIL Chairman and Managing DirectorRajeev Kumar Vishnoi will hold the additional charge of the post of NHPC CMD for another six months effective from March 1, 2023.
• On April 6, NHPC informed bourses that Vishnoi was given the additional charge as its CMD for two months effective March 1, 2023, or till a regular incumbent joins the post or until further orders, whichever is the earliest.
• The additional charge has been extended by four months now.

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Science and Technology – Daily Current Affairs May 11

9. How many additional Starlink satellites did SpaceX successfully launch, bringing its total to 4,391?
A) 35
B) 42
C) 51
D) 63
E) 72
Answer: C) 51

• SpaceX successfully launched 51 additional Starlink satellites, bringing its grand total to 4,391.
• Launching from Vandenberg Space Force Base at Starlink group 2-9 took flight aboard the Falcon 9.
• SpaceX has already launched more than 4,300 satellites(opens in new tab) for Starlink, its broadband megaconstellation.
• Falcon 9’s first stage landed on the Of Course I Still Love You drone ship stationed in the Pacific Ocean.
• SpaceX has also launched two missions with its powerful Falcon Heavy rocket in 2023, and the company sent a fully stacked Starship — its huge, next-generation spaceflight system — skyward for the first time on April 20.

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10. Where was the first test of a semi-cryogenic engine conducted by the Indian Space Research Organisation (ISRO)?
A) Bengaluru
B) Hyderabad
C) Mahendragiri
D) Sriharikota
E) Thiruvananthapuram
Answer: C) Mahendragiri

• The Indian Space Research Organisation successfully carried out the first test of a semi-cryogenic engine at the newly commissioned semi-cyrogenic integrated engine and stage test facility at the Isro propulsion complex (IPRC) in Mahendragiri, Tirunelveli district.
• It was the first integrated test on an intermediate configuration of the 2000kN semi-cryogenic engine.
• Liquid propulsion systems centre (LPSC) of Isro has undertaken the design and development of the semi-cryogenic engine with 2000kN thrust with India industry participation.
• The engine, which works on liquid oxygen (LOX- kerosene propellant combination, will power the booster stages of future launch vehicles.

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11. Which cargo spacecraft did China successfully place into orbit using the Long March-7 Y7 carrier rocket?
A) Tianzhou-1
B) Tianzhou-2
C) Tianzhou-3
D) Tianzhou-4
E) Tianzhou-6
Answer: E) Tianzhou-6

• China has successfully placed the Tianzhou-6 cargo spacecraft into orbit using the Long March-7 Y7 carrier rocket.
• The launch took place from the Wenchang Spacecraft Launch Site in China’s southern island province of Hainan.
• The Tianzhou-6 spacecraft carries supplies for astronauts, science payloads and propellant for the space station and features improvements over the previous five spacecraft.
• Tianzhou-6 is the first mission of the operational phase of Tiangong.
• The Tianzhou-5 cargo spacecraft, launched in November 2022, undocked from Tiangong on May 5, making way for the arrival of Tianzhou-6. Tianzhou-5 will dock at Tiangong’s forward port following the departure of the Shenzhou-15 spacecraft later this month.
• The Shenzhou-15 crew have almost completed their six-month-long mission and will greet the Shenzhou-16 astronauts aboard Tiangong in the new future. Shenzhou-16 will launch from Jiuquan in the Gobi Desert on a Long March 2F in coming weeks.
• The flight was the seventh of the 53.1-meters-long Long March 7, which was designed specifically to launch Tianzhou cargo spacecraft. A variant with an added third stage is used for missions to geostationary transfer orbit.
• The rocket was provided by the China Academy of Launch Vehicle Technology (CALT), while the spacecraft was designed and manufactured by the China Academy of Space Technology (CAST).
• China actively developed its space program in 2022 and finished the main construction of its orbital station — Tiangong. The basic structure of the T-shaped station consists of the Tianhe core module and two laboratory modules — Wentian and Mengtian — docked to it.
• The station can host up to six people at the same time during a crew rotation change.
• The operational life of the station is 15 years and should end in 2038.

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International Affairs – Daily Current Affairs May 11

12. Where did the Indian Navy and the Royal Thai Navy conduct the 35th edition of the India-Thailand Coordinated Patrol (Indo-Thai CORPAT)?
A) Arabian Sea
B) Bay of Bengal
C) South China Sea
D) Indian Ocean
E) Andaman Sea
Answer: E) Andaman Sea

• The Indian Navy and the Royal Thai Navy conducted the 35th edition of the India-Thailand Coordinated Patrol (Indo-Thai CORPAT) in the Andaman Sea.
• The bi-annual coordinated patrol aims to reinforce maritime linkages between the two countries and ensure the safety and security of the international trade route in the Indian Ocean.
• The Indian Naval Ship (INS) Kesari, an indigenously built LST (L), and His Thai Majesty’s Ship (HTMS) Saiburi, a Chao Phraya Class Frigate, along with Maritime Patrol Aircraft from both navies participated in the exercise.
• The Indian Navy and the Royal Thai Navy have been undertaking CORPAT bi-annually since 2005 along the International Maritime Boundary Line (IMBL).

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National Affairs – Daily Current Affairs May 11

13. What is the revised threshold for mandatory e-invoicing for smaller businesses as notified by the Union government?
A) Rs 2 crore
B) Rs 5 crore
C) Rs 10 crore
D) Rs 20 crore
E) Rs 50 crore
Answer: B) Rs 5 crore

• The Union government has notified lowering of the threshold for e-invoicing from Rs 10 crore to Rs 5 crore following which it will be mandatory for smaller businesses to carry business transactions via e-invoices from August 1, 2023.
• As per Rule 48(4) of CGST Rules, notified class of registered persons have to prepare invoice by uploading specified particulars of invoice (in FORM GST INV-01) on Invoice Registration Portal (IRP) and obtain an Invoice Reference Number (IRN).
• After following above ‘e-invoicing’ process, the invoice copy containing inter alia, the IRN (with QR Code) issued by the notified supplier to buyer is commonly referred to as ‘e-invoice’ in GST.
• In exercise of the powers of the Central Goods and Services Tax Rules, 2017, the government, on the recommendations of the Council, made the amendment in the notification.
• Under the Goods and Services Tax (GST) law, e-invoicing for business-to-business (B2B) transactions was made mandatory for companies with turnover of over Rs 500 crore from October 1, 2020, which was then extended to those with turnover of over Rs 100 crore effective January 1, 2021.
• From April 1, 2021, companies with turnover of over Rs 50 crore were generating B2B e-invoices, and the threshold was brought down to Rs 20 crore beginning April 1, 2022. From October 1, 2022, the threshold was further lowered to Rs 10 crore.

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14. What is the name of the health assurance scheme launched by Chief Minister HimantaBiswaSarma, providing cashless medical treatment up to Rs. 5 lakh per family per year?
A) Ayushman Bharat – Pradhan Mantri Jan ArogyaYojana
B) AyushmanAsom – MukhyaMantri Jan ArogyaYojana
C) SwasthyaSarathi – Chief Minister Health Assurance Scheme
D) Arogya Assam – Family Health Protection Scheme
E) PragatiParivar – Health Security Program
Answer: B) AyushmanAsom – MukhyaMantri Jan ArogyaYojana

• Coinciding with the completion of two years of the current State government led by the Bharatiya Janata Party, Chief Minister HimantaBiswaSarma launched AyushmanAsom – MukhyaMantri Jan ArogyaYojana, a family-floater health assurance scheme offering cashless medical treatment upto ₹5 lakh per family per year, aimed at promoting accessible and affordable healthcare.
• An initiative of the Government of Assam’s Department of Medical Education & Research, beneficiaries for AyushmanAsom shall be those who are listed under the National Food Security Act (NFSA) (in other words, possess ration cards linked to Adhaar).
• Covering as many as 1578 healthcare procedures in more than 300 empanelled hospitals within the State and all Ayushman Bharat-empanelled hospitals across the country, AyushmanAsom – MukhyaMantri Jan ArogyaYojana shall initially be covering approximately 26 lakh beneficiary families which shall in phases go up to 32 lakh families.
• The government has also launched an e-KYC drive under AB-PMJAY and AA-MMJAY for NFSA beneficiaries

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15. What is the new deadline for linking the Permanent Account Number (PAN) with Aadhaar, as extended by the Central Board of Direct Taxes?
A) March 31, 2023
B) April 30, 2023
C) May 31, 2023
D) June 30, 2023
E) July 31, 2023
Answer: D) June 30, 2023

• The deadline for linking the Permanent Account Number (PAN)with Aadhaar has been extended until June 30 of 2023 by the Central Board of Direct Taxes.
• The deadline for PAN- Aadhaar had been postponed by CBDT five times until now.
• The last extension was done on March 28.
• According to the CBDT, “Under the provisions of the Income-tax Act, 1961(the ‘Act’) every person who has been allotted a PAN as of 1st July 2017 and is eligible to obtain an Aadhaar Number, is required to intimate his Aadhaar to the prescribed authority on or before 31st March 2023, on payment of a prescribed fee.”
• If the PAN-Aadhaar link is completed on or after July 1, 2022, a Rs.1,000 fee will be levied.

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16. Which Ministry and Which organisation sign an MoU to promote and collaborate on integrative health research?
A) Ministry of Health and Family Welfare and NHPC
B) Ministry of Ayush and Indian Council of Medical Research (ICMR)
C) Ministry of Ayush and Ministry of Education
D) Ministry of Science and Technology and Indian Council of Medical Research (ICMR)
E) Ministry of Ayush and NHPC
Answer: B) Ministry of Ayush and Indian Council of Medical Research (ICMR)

• In a significant development a Memorandum of Understanding was signed between the Ministry of Ayush and the Indian Council of Medical Research (ICMR) to promote and collaborate on integrative health research.
• This cooperation will focus on identified areas of national importance in healthcare for promoting high impact research to generate evidence utilizing modern scientific methods.
• This MoU will also strengthen research capacity through training of Ayush researchers.
• MoU was signed by Vaidya Rajesh Kotecha, secretary, Ministry of Ayush and Dr. Rajiv Bahl, Director General, ICMR & secretary, Department of Health Research, Ministry of Health & Family Welfare, Government of India.

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