Daily Current Affairs May 12

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May 12| Daily Current Affairs 2023

Important Days – Daily Current Affairs May 12

1. On which date is International Nurses Day recognized every year?
A) May 10
B) May 11
C) May 12
D) May 13
E) May 14
Answer: C) May 12

• International Nurses Day, recognised on May 12 every year.
• The theme for this year is “Our Nurses. Our Future.”

History:

• In 1974, the International Council of Nurses declared that the birth anniversary of Florence Nightingale be celebrated as International Nurses Day.
• Florence Nightingale was a British nurse and social reformer who is credited with laying the foundation of modern nursing.
• She is known as the “Lady with the Lamp” around the world.
• Florence Nightingale earned the title for her work for wounded soldiers during then Crimean War, which was fought between 1853 and 1856.
• First Edition: 1965

Banking and Finance – Daily Current Affairs May 12

2. What is the penalty amount imposed by the Reserve Bank of India on Canara Bank for non-compliance with its directions?
A) ₹2.92 lakh
B) ₹2.92 crore
C) ₹29.2 crore
D) ₹292 crore
E) ₹2.9 crore
Answer: B) ₹2.92 crore

• The Reserve Bank of India (RBI) has imposed a ₹2.92-crore monetary penalty on Canara Bank for non-compliance with its directions on ‘Interest Rate on Advances’, and ‘Interest Rate on Deposits’, among others.
• The other reasons for slapping the penalty, include non-compliance by the public sector bank with its directions on ‘Compliance function in banks’; ‘Customer Protection – Limiting Liability of Customers in Unauthorised Electronic Banking Transactions’; ‘Customer Service in Banks’ ; and ’Know Your Customer’.
• The Reserve Bank of India (RBI) conducted a statutory inspection for supervisory evaluation of the bank with reference to its financial position as on March 31, 2021.
• After scrutiny, the RBI found that the bank failed to link interest on floating rate retail loans and loans to MSME to an external benchmark and also failed to link interest on floating rate rupee loans sanctioned and renewed during financial year 2020-21 to its Marginal Cost of Lending Rate (MCLR).

3. What is the name of the campaign launched by the Reserve Bank of India (RBI) for the return of unclaimed deposits?
A) ‘100 Pays for 100 Days’
B) ‘100 Days, 100 Deposits’
C) ‘Return of Unclaimed Deposits’
D) ‘100 Days 100 Pays’
E) ‘Unclaimed Deposits Recovery’
Answer: D) ‘100 Days 100 Pays’

• The Reserve Bank of India announced a ‘100 Days 100 Pays’ campaign for banks to trace and settle the top ‘100 unclaimed deposits’ of every bank in every district of the country within ‘100 days’.
• This measure is expected to complement the ongoing efforts and initiatives by the Reserve Bank to reduce the quantum of unclaimed deposits in the banking system and return such deposits to their rightful owners/claimants.
• The banks will commence the campaign from June 01, 2023.
• The balances in savings or current accounts which are not operated for 10 years, or term deposits not claimed within 10 years from the date of maturity are classified as ‘Unclaimed Deposits’.
• These amounts are transferred by banks to the ‘Depositor Education and Awareness’ (DEA) Fund maintained by the Reserve Bank of India.

4. Which organization has granted the Certificate of Registration (CoR) under the Factoring Regulation Act, 2011 to Profectus Capital Private Limited (PCPL)?
A) Securities and Exchange Board of India (SEBI)
B) Ministry of Corporate Affairs (MCA)
C) Reserve Bank of India (RBI)
D) National Stock Exchange (NSE)
E) Insurance Regulatory and Development Authority of India(IRDAI)
Answer: C) Reserve Bank of India (RBI)

• Profectus Capital Private Limited (PCPL), an NBFC backed by Actis, a global private equity firm, has received the Certificate of Registration (CoR) under the Factoring Regulation Act, 2011 from the Reserve Bank of India (RBI).
• The CoR, which is among the first few to be granted by RBI, will enable PCPL to undertake factoring services to serve MSME customers.
• Profectus Capital plans to offer their customers factoring services to improve their working capital management, boost their businesses, and receive short-term finance to fund operations.
• The company will continue to focus on select manufacturing and service sectors based on its cluster-based lending approach.
• Factoring is a form of financing that allows a business to sell its receivables from customers to third parties.

5. Which bank has launched the premium banking programme called Privy League targeting high-net-worth individuals?
A) State Bank of India (SBI)
B) HDFC Bank
C) ICICI Bank
D) Kotak Mahindra Bank
E) Axis Bank
Answer: D) Kotak Mahindra Bank

• Kotak Mahindra Bank Limited (KMBL) has launched a premium banking programme, Privy League, aimed at high-net-worth individuals. The programme offers lifestyle privileges and bespoke financial solutions.
• the Privy League will be the bank’s flagship premium banking program and is designed to celebrate its customers’ achievements.
• One of the features of this account is the Premium Metal Debit Card, designed by artist Arunanshu Chowdhury for the Privy League black tier, lets customers enjoy luxury deals and complimentary airport lounge access, among many other benefits.
• The Signature LED Debit Card, designed for Privy League Platinum tier, is India’s first LED card, which lights up the customer’s transacting experience and includes a 75% discount on Priority Pass.
• The offers include a complimentary MMT Black Elite Annual Membership, Lafayette Luxury Concierge Services, and exclusive dining offers with complimentary EazyDiner Prime annual membership and discounts on Swiggy.
• Additionally, the programme curates experiences across health and wellness, culinary experiences, knowledge-based sessions, and more. Customers will also have access to tailored portfolios and investment solutions from specialists who will curate an investment portfolio based on the customer’s risk profile and financial goals.
• The Privy League programme provides access to a robust 3-in-1 integrated account featuring a bank, demat and trading account. Members will get preferential rates on loans, locker rentals, brokerage, and other specialized products.

Appointments – Daily Current Affairs May 12

6. Who has been named as the new Twitter Chief Executive Officer (CEO) by Elon Musk?
A) Tim Cook
B) Jack Dorsey
C) Linda Yaccarino
D) Mark Zuckerberg
E) SundarPichai
Answer: C) Linda Yaccarino

• Elon Musk named Linda Yaccarino, former NBCUniversal advertising chief, as the new Twitter chief executive officer or CEO.
• Yaccarino joined NBCU in 2011, after 15 years at Turner Entertainment, and has been credited with taking the network’s ad sales operation into the digital era.
• Musk, the CEO of electric vehicle maker Tesla, completed his purchase of Twitter in October for $44 billion.
• Mr Musk will remain involved as executive chairman and chief technology officer.
  Twitter, Inc

Awards – Daily Current Affairs May 12

7. Which port has won the SagarShreshta Award from the Ministry of Ports, Shipping & Waterways for best performance in the non-container port category?
A) Chennai Port
B) Mumbai Port
C) Visakhapatnam Port
D) Cochin Port
E) Kolkata Port
Answer: D) Cochin Port

• Cochin Port has bagged SagarShreshta Award of Ministry of Ports Shipping & Waterways for best performance among all Indian Major Ports for best turnaround time in non-container port category, during the year 2022-23.
• Union Minister for Ports, Shipping & Waterways SarbanandaSonowal has given the award to M. Beena, Chairperson, Cochin Port Authority at a function held in New Delhi.
• The award is in recognition of the excellent performance of Cochin Port in handling dry bulk and liquid bulk cargo vessels.
• The port recorded 48 hours in turning around vessels of an average parcel size of 43,800 tonnes.
• The TRT is a performance parameter which is calculated on the basis of the notice of readiness by the vessel till pilot disembark time after operations of a vessel that arrives at the port.

8. Who has been awarded the first Astronomical Society of India GovindSwarup Lifetime Achievement Award?
A) Dr. A. P. J. Abdul Kalam
B) Dr.HomiBhabha
C) Prof. Jayant Vishnu Narlikar
D) Prof. C. V. Raman
E) Dr.Vikram Sarabhai
Answer: C) Prof. Jayant Vishnu Narlikar

• Prof. Jayant Vishnu Narlikar gets the first Astronomical Society of India GovindSwarup Lifetime Achievement Award in Pune.
• Prof.Narlikar was amongst the first to initiate cosmology research in India. He came up with an idea of creating a dedicated center to nucleate and spread astronomy curriculum and research in the Indian Universities.
• In the year 2022, as it celebrated its golden jubilee, the Astronomical Society of India (ASI) instituted the GovindSwarup Lifetime Achievement award to recognise eminent Indian astronomers for the contributions they have made to the field of Astronomy and Astrophysics in India over their careers.
• The award is named in honour of Prof.GovindSwarup (1929-2020).
• The award carries a citation and plaque, and a cash prize.

National Affairs – Daily Current Affairs May 12

9. With whom has the Delhi government partnered to combat vehicular pollution?
A) Harvard University
B) Stanford University
C) University of Chicago Trust
D) Oxford University
E) Massachusetts Institute of Technology
Answer: C) University of Chicago Trust

• The Delhi government’s Transport Department has partnered with the University of Chicago Trust to combat vehicular pollution in the national capital.
• The collaboration aims to design and evaluate innovative policy interventions through the establishment of a research unit in Delhi.
• The MoU will enable government officials to work closely with researchers from the University of Chicago to facilitate knowledge exchange and policy evaluation.

10. Which ministry is organizing the G20 conference on ‘Crime and Security in the Age of Non Fungible Tokens (NFTs) and Metaverse’?
A) Ministry of Finance
B) Ministry of Home Affairs
C) Ministry of External Affairs
D) Ministry of Health
E) Ministry of Education
Answer: B) Ministry of Home Affairs

• The Ministry of Home Affairs will organise a G20 conference on ‘Crime and Security in the Age of Non Fungible Tokens (NFTs) and Metaverse’ on July 13 and 14.
• The two-day event will be held in partnership with the Ministry of Electronics and Information Technology (MeitY), Ministry of External Affairs (MEA), National Security Council Secretariat (NSCS) and the Central Bureau of Investigation (CBI).
• The RashtriyaRaksha University, National Forensic Science University, National Law School of India University, Interpol and United Nations Office on Drugs and Crime (UNODC) are the organising partners for the event that will be held in Haryana’s Gurugram.

11. What is the name of the unique program established by Telangana Chief Minister K Chandrasekhar Rao that provides insurance cover for toddy tappers?
A) Bhima Tappers Insurance Scheme
B) GeetaKarmikulaBhima
C) Telangana Tappers Insurance Program
D) KCR Insurance for Toddy Tappers
E) Toddypreneur Insurance Initiative
Answer: B) GeetaKarmikulaBhima

• Telangana Chief Minister KChandrasekhar Rao established a unique program called GeetaKarmikulaBhima or insurance for toddy tappers that offers toddy tappers an insurance cover of Rs. 5 lakh if he/she will die falling from the palm trees.
• It is similar to the RythuBheema program already in place for farmers.
• State government Provide the insurance to the beneficiaries within the 7 days of the victim’s death.

12. Who dedicated the ‘Digitizing Asom’ project to the public?
A) Arvind Kejriwal
B) Yogi Adityanath
C) Nitish Kumar
D) HimantaBiswaSarma
E) Mamata Banerjee
Answer: D) HimantaBiswaSarma

• Chief Minister HimantaBiswaSarma ceremonially dedicated ‘Digitizing Asom,” a community project aimed at digitization of rare Assamese journals and books published between 1813 and 1970, for public use at an event organized at the Janata Bhawan premises.
• An initiative of the Nanda Talukdar Foundation and supported by the Assam JatiyaBidyalay Educational and Socio-Economic Trust, Digitizing Asom is aimed at digitizing every possible rare Assamese language book and journal, regardless of their location, and making them available to the public for posterity through the website www.assamarchive.org that can be accessed free-of-cost with a simple log-in process.
• In the first phase of the project, that is, the portion launched, journals published between 1840 and 1970 have been included, encompassing 3071 editions of as many as 161 journals with a total of 2,45,680 pages.
• The second phase of the project, under process, shall cover books published between 1813 and 1962.

13. Who unveiled ‘e-filing 2.0’ and launched the ‘e-Sewa Kendra and Facilitation Centre’ in the Main Building Complex of the Supreme Court?
A) Ram NathKovind
B) Narendra Modi
C) D.Y. Chandrachud
D) Ravi Shankar Prasad
E) N.V. Ramana
Answer: C) D.Y. Chandrachud

• Chief Justice of India (CJI) D Y Chandrachud launched ‘E-filing 2.0’ and told lawyers that the facility for filing cases electronically will be now available round the clock.
• The chief justice, who has been advocating for e-courts and e-filing of cases across the country, also inaugurated an ‘e-Sewa Kendra’ on the apex court’s premises.

14. Which state has become the first to launch its own institutional ranking framework?
A) Maharashtra
B) Karnataka
C) Kerala
D) Tamil Nadu
E) Uttar Pradesh
Answer: C) Kerala

• The Kerala State Higher Education Council (KSHEC) launched the Kerala Institutional Ranking Framework (KIRF), which is based on the lines of the National Institute of Ranking Framework (NIRF).
• KIRF aims to introduce a more democratic and secular approach to the ranking system in the state.
• The National Institutional Ranking Framework (NIRF) is a ranking system created by the Indian government in 2015 to evaluate higher education institutions across India.
• KIRF will rank participating universities, colleges in the categories of overall, universities, colleges, engineering, management, architecture, medical, dental, pharmacy, nursing, law, and teacher education.
• The ranking framework has been implemented by the Kerala State Higher Education Council, and rankings will be issued annually.
• The framework will assess the higher educational institutions based on five components: Teaching, Learning and Resources (TLR), Knowledge Dissemination and Research Excellence (KDRE), Graduation Outcome (GO), Outreach and Inclusivity (OI). These components are also followed by NIRF.

15. Where will the fifth edition of the Global Ayurveda Festival (GAF 2023) be held?
A) Mumbai, Maharashtra
B) Bengaluru, Karnataka
C) Thiruvananthapuram, Kerala
D) Chennai, Tamil Nadu
E) Lucknow, Uttar Pradesh
Answer: C) Thiruvananthapuram, Kerala

• The fifth edition of the Global Ayurveda Festival (GAF 2023) will be held at Thiruvananthapuram in Kerala from December 1 to 5, focusing on projecting Ayurveda’s huge potential in addressing the health challenges of the present world and setting a platform for global networking of Ayurveda practitioners and stakeholders.
• The theme of the GAF 2023 is ‘Emerging Challenges in Healthcare &A Resurgent Ayurveda’.
• The conclave will witness convergence of many top scientists, including Nobel laureates, 7,500 delegates from 75 countries.
• Over 750 research papers will be presented at various sessions of the meet, besides 750 poster presentations on the sidelines.
• The biennial event is being organised by the Centre for Innovation in Science and Social Action (CISSA) in association with Ministry of Ayush, central government; Kerala government; Ayurveda fraternity represented by AMAI, AMMOI, AHMA, KISMA, ADMA, Viswa Ayurveda Parishad and 14 other Ayurveda Associations at the Greenfield International Stadium, in the state capital city.
• Kerala Chief Minister PinarayiVijayan is the Chief Patron of the Organising Committee, which has 200-plus members from all segments of Ayurveda

Over All Review

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