Daily Current Affairs May 29
Table of Contents
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May 29 | Daily Current Affairs 2024
Important Days – Daily Current Affairs May 29
1. When is the International Day of Action for Women’s Health observed in 2024, and what is the theme for this year?
A) May 20; “Empowering Women in the Digital Age”
B) May 28; “Mobilising in Critical Times of Threats and Opportunities”
C) June 15; “Health and Equality for All”
D) April 30; “Women’s Health Matters”
E) July 10; “Equal Access to Healthcare”
Answer: B) May 28; “Mobilising in Critical Times of Threats and Opportunities”
Event and Location:
- Event: International Day of Action for Women’s Health 2024
- Date: May 28, 2024
- Theme: “Mobilising in Critical Times of Threats and Opportunities”
- Location: Observed globally
Mandates and Objectives:
- To emphasize women’s fundamental right to a healthy and happy life, free from abuse, discrimination, and rights violations.
- Stand against efforts to restrict women’s rights.
- Advocate for women’s rights to privacy, education, and control over their sexual and reproductive health.
- Promote gender equality and empower women.
- Ensure inclusion, accessibility, and availability of sexual and reproductive health and rights.
Important Terms Explained:
- Sexual and Reproductive Health and Rights:
- Includes the right to access information and services related to sexual health.
- Encompasses rights to privacy, bodily autonomy, and freedom from discrimination.
- Gender Equality:
- Equal rights, responsibilities, and opportunities for all genders.
- Aims to dismantle gender-based discrimination and empower women and gender-diverse individuals.
Static GK Information:
International Day of Action for Women’s Health:
- Origin: Established in 1987 during the Women’s Meeting in Costa Rica.
- Promoted by: The Women’s Global Network for Reproductive Rights (WGNRR) and Latin American and Caribbean Women’s Health Network (LACWHN).
Tabular Summary:
Key Details | Description |
Event | International Day of Action for Women’s Health |
Date | May 28, 2024 |
Theme | “Mobilising in Critical Times of Threats and Opportunities” |
Established | 1987 |
Origin | Women’s Meeting in Costa Rica |
Significance | Advocate for women’s health rights, gender equality, and empower women worldwide |
Promoted by | Women’s Global Network for Reproductive Rights (WGNRR), Latin American and Caribbean Women’s Health Network (LACWHN) |
2. What is the theme for World Hunger Day 2024, and when is it observed?
A) May 20; “Ending Hunger Together”
B) May 28; “Thriving Mothers, Thriving World”
C) June 5; “Sustainable Food for All”
D) April 30; “Nourishing Futures”
E) July 10; “Zero Hunger Goals”
Answer: B) May 28; “Thriving Mothers, Thriving World”
Event and Location:
- Event: World Hunger Day 2024
- Date: May 28, 2024
- Theme: “Thriving Mothers, Thriving World”
- Location: Observed globally
Mandates and Objectives:
- To highlight and address the critical issue of global hunger.
- Raise awareness about global hunger and malnutrition.
- Advocate for sustainable solutions to end hunger.
- Promote food security and empower communities.
Important Terms Explained:
- Food Security:
- Access to sufficient, safe, and nutritious food for all people at all times.
- Ensures that food is available, accessible, and affordable.
- Malnutrition:
- A condition resulting from a diet lacking essential nutrients.
- Can lead to severe health issues, particularly in women and children.
- Sustainable Solutions:
- Long-term strategies aimed at eradicating hunger by addressing its root causes.
- Includes agricultural development, education, healthcare, and economic empowerment.
Static GK Information:
World Hunger Day:
- Origin: Established in 2011 by The Hunger Project.
- Promoted by: The Hunger Project, a global organization dedicated to ending hunger and poverty.
- Focus: Advocacy for sustainable solutions and food security.
Tabular Summary:
Key Details | Description |
Event | World Hunger Day 2024 |
Date | May 28, 2024 |
Theme | “Thriving Mothers, Thriving World” |
Established | 2011 |
Origin | The Hunger Project |
Significance | Raise awareness about global hunger, advocate for sustainable solutions, and promote food security |
Sustainable Solutions | Agricultural development, education, healthcare, economic empowerment |
3. How did the Indian Army commemorate the 76th International Day of UN Peacekeepers, and who was involved in the event?
A) By organizing a peace march; Lieutenant General Rakesh Kapoor and officials from the Ministry of Defence
B) By hosting a seminar on peacekeeping; Indian Army Chief and the UN Secretary-General
C) By laying a wreath at the National War Memorial; Lieutenant General Rakesh Kapoor and officials from the Ministry of Defence and External Affairs
D) By conducting a joint military exercise; Indian Army Chief and officials from the Ministry of Home Affairs
E) By unveiling a new peacekeeping training program; Indian Army Chief and the Defence Minister
Answer: C) By laying a wreath at the National War Memorial; Lieutenant General Rakesh Kapoor and officials from the Ministry of Defence and External Affairs
Event and Location:
- Event: Commemoration of the 76th International Day of UN Peacekeepers
- Date: May 29, 2024
- Location: National War Memorial, New Delhi, India
Mandates and Objectives:
- To honor the professionalism, dedication, and sacrifices of UN peacekeepers.
- Pay homage to fallen comrades.
- Highlight India’s contributions to UN peacekeeping missions.
- Reaffirm India’s commitment to supporting UN peacekeeping initiatives.
Important Terms Explained:
- UN Peacekeeping:
- Operations conducted by the United Nations to help countries navigate the difficult path from conflict to peace.
- Involves military, police, and civilian personnel.
Static GK Information:
Indian Army:
- Founded Year: 1895
- Chief of Army Staff: General Manoj Pande
- Headquarters: New Delhi, India
United Nations Peacekeeping:
- Founded Year: 1948
- Headquarters: New York, USA
Tabular Summary:
Key Details | Description |
Event | Commemoration of the 76th International Day of UN Peacekeepers |
Date | May 29, 2024 |
Location | National War Memorial, New Delhi |
Key Participants | Lieutenant General Rakesh Kapoor, officials from the Ministry of Defence and Ministry of External Affairs |
Main Activity | Laying a wreath to honor fallen peacekeepers |
India’s Contribution | Over 2,87,000 troops deployed, 160 soldiers sacrificed, current deployments in 9 countries |
Significant Initiatives | Female Engagement Teams in Congo and Abyei, establishment of Centre for UN Peacekeeping (CUNPK) |
Recognition | Major Radhika Sen awarded Military Gender Advocate of the Year 2023 |
Sports – Daily Current Affairs May 29
4. What record did Indian mountaineer Satyadeep Gupta set, and how long did it take him to traverse from Mount Everest to Mount Lhotse?
A) First solo ascent of Mount Everest; 10 hours and 30 minutes
B) First ascent of Mount Lhotse; 12 hours and 45 minutes
C) First double ascent of Mount Everest and Mount Lhotse in one season; 11 hours and 15 minutes
D) First ascent of Mount Everest and K2; 13 hours and 50 minutes
E) First winter ascent of Mount Lhotse; 14 hours and 20 minutes
Answer: C) First double ascent of Mount Everest and Mount Lhotse in one season; 11 hours and 15 minutes
Event and Location:
- Event: Double Dual Ascent of Mount Everest and Mount Lhotse
- Location: Mount Everest and Mount Lhotse, Nepal
- Organizer: Pioneer Adventure Expedition
Mandates and Objectives:
- To set a record for climbing both Mount Everest and Mount Lhotse twice in one season.
- Achieve the first Double Dual Ascent of the world’s highest (Mount Everest) and the fourth highest peaks (Mount Lhotse) in one season.
- Traverse between Mount Everest and Mount Lhotse in a record time.
Important Terms Explained:
- Double Dual Ascent:
- Climbing both Mount Everest and Mount Lhotse twice in one climbing season.
- Mount Everest:
- The highest peak in the world at 8,849 meters.
- Mount Lhotse:
- The fourth highest peak in the world at 8,516 meters.
Static GK Information:
Mount Everest:
- Height: 8,849 meters
- Location: Nepal/Tibet (China)
Mount Lhotse:
- Height: 8,516 meters
- Location: Nepal/Tibet (China)
Pioneer Adventure Expedition:
- An adventure company organizing expeditions for mountaineering.
Tabular Summary:
Key Details | Description |
Event | Double Dual Ascent of Mount Everest and Mount Lhotse |
Date | May 2024 |
Record | First Double Dual Ascent of Everest and Lhotse in one season |
Traverse Time | 11 hours and 15 minutes |
Peaks Climbed | Mount Everest (8,849 meters) and Mount Lhotse (8,516 meters) |
Organizer | Pioneer Adventure Expedition |
Accompanied by | Pastemba Sherpa and Nima Ungdi Sherpa |
Previous Summits | Everest on May 21, Lhotse on May 22 |
Significance | First person to achieve this feat and set a record traverse time between the peaks |
5. Who was named the ICC Women’s Player of the Month for April 2024, and how many times has she won this award?
A) Chamari Athapaththu; Twice
B) Laura Wolvaardt; Once
C) Hayley Matthews; Three times
D) Ash Gardner; Four times
E) Smriti Mandhana; Twice
Answer: C) Hayley Matthews; Three times
Event and Location:
- Event: ICC Women’s Player of the Month for April 2024
- Date: April 2024
- Location: ICC recognition, global
Mandates and Objectives:
- To recognize outstanding performance in international women’s cricket for the month of April 2024.
- Acknowledge Hayley Matthews for her exceptional form in both T20Is and ODIs.
- Highlight her contributions to West Indies’ success against Pakistan.
Important Terms Explained:
- ICC Women’s Player of the Month Award:
- A monthly award presented by the International Cricket Council to female cricketers for their performances in international matches.
- T20I:
- Twenty20 International, a form of limited overs cricket with each team playing a maximum of 20 overs.
- ODI:
- One Day International, a form of limited overs cricket with each team playing a maximum of 50 overs.
Static GK Information:
Hayley Matthews:
- Nationality: West Indian
- Role: All-rounder
- Previous ICC Women’s Player of the Month Wins: November 2021, October 2023
Tabular Summary:
Key Details | Description |
Award | ICC Women’s Player of the Month |
Month and Year | April 2024 |
Winner | Hayley Matthews |
Nationality | West Indian |
Competition | Laura Wolvaardt (South Africa), Chamari Athapaththu (Sri Lanka) |
Key Performances | 325 runs at an average of 162.5 in ODIs, 126 runs at an average of 42 in T20Is, 12 wickets total |
Notable Achievements | Four Player of the Match awards, Player of the Series in ODIs |
Previous Wins | November 2021, October 2023 |
Record | Third time winning the award |
6. Who was named the ICC Men’s Player of the Month for April 2024, and what notable achievement did he accomplish?
A) Shaheen Afridi; First Pakistani to win the award
B) Gerhard Erasmus; Highest scorer in the Premier Cup
C) Muhammad Waseem; First player from UAE to win the award
D) Zeeshan Maqsood; Led Oman to Premier Cup title
E) Babar Azam; Scored most runs in April 2024
Answer: C) Muhammad Waseem; First player from UAE to win the award
Event and Location:
- Event: ICC Men’s Player of the Month for April 2024
- Date: April 2024
- Location: Global recognition by the ICC
Mandates and Objectives:
- To recognize outstanding performance in international men’s cricket for April 2024.
- Acknowledge Muhammad Waseem’s prolific run with the bat.
- Highlight his contributions to UAE’s success in the ACC Men’s Premier Cup.
Important Terms Explained:
- ACC Men’s Premier Cup:
- A cricket tournament organized by the Asian Cricket Council.
- Features teams from emerging cricket nations aiming for qualification to major tournaments like the Asia Cup.
- T20I:
- Twenty20 International, a format of limited-overs cricket with each team playing a maximum of 20 overs.
Static GK Information:
Muhammad Waseem:
- Nationality: UAE
- Role: Captain and key batter for the UAE cricket team
- ODI Stats: 1289 runs at a strike rate of 91
- T20I Stats: 1977 runs at an average close to 40 and a strike rate of 154.69
Tabular Summary:
Key Details | Description |
Award | ICC Men’s Player of the Month |
Month and Year | April 2024 |
Winner | Muhammad Waseem |
Nationality | UAE |
Competition | Shaheen Afridi (Pakistan), Gerhard Erasmus (Namibia) |
Key Performances | 269 runs in the ACC Men’s Premier Cup |
Notable Achievements | First player from UAE to win the ICC Men’s Player of the Month award |
Highlight | Scored a century in the final of the ACC Men’s Premier Cup |
Player of the Series | Awarded for his performance in the ACC Men’s Premier Cup |
Banking and Finance – Daily Current Affairs May 29
7. Which company did Shriram General Insurance partner with to drive technology modernisation, and what core platform will they use?
A) Microsoft; Azure
B) Google; Google Cloud
C) SAS; SAS Viya
D) IBM; Watson
E) Oracle; Oracle Cloud
Answer: C) SAS; SAS Viya
Event and Location:
- Event: Partnership for technology modernisation
- Date: 2024
- Location: India
Mandates and Objectives:
- To modernize technology and enhance efficiency and accuracy in operations.
- Address analytical workloads and regulatory reporting requirements.
- Improve accuracy and efficiency in actuarial analytics.
- Facilitate informed decisions in risk assessment and policy issuance.
- Foster innovation with AI model building capabilities.
Important Terms Explained:
- SAS Viya:
- An AI and analytics platform by SAS.
- Used for handling actuarial workloads, regulatory reporting, and analytical underwriting.
- Actuarial Analytics:
- Analysis involving the use of statistical and mathematical models to assess risk in insurance and finance.
- Hosted Managed Services (HMS):
- A private cloud setup ensuring continuous uptime and one-stop ownership for IT services.
Static GK Information:
Shriram General Insurance (SGI):
- Founded Year: 2006
- CEO: Anil Kumar Aggarwal
- Headquarters: Jaipur, Rajasthan, India
SAS:
- Founded Year: 1976
- Headquarters: Cary, North Carolina, USA
- Specialization: Data analytics and AI solutions
Tabular Summary:
Key Details | Description |
Partnership | Shriram General Insurance and SAS |
Core Platform | SAS Viya |
Purpose | Technology modernisation |
Key Areas of Focus | Actuarial workloads, regulatory reporting, analytical underwriting |
CEO of Shriram GI | Anil Kumar Aggarwal |
CEO/MD of SAS India | Noshin Kagalwalla |
Benefits | Enhanced efficiency and accuracy, innovation in AI model building |
8. Which company did Union Bank of India partner with to modernize its risk management systems, and what was the primary goal of this partnership?
A) IBM; enhance cybersecurity
B) Microsoft; improve cloud services
C) SAS; streamline risk operations and reporting
D) Oracle; upgrade financial software
E) Google; develop AI solutions
Answer: C) SAS; streamline risk operations and reporting
Event and Location:
- Event: Modernization of risk management systems
- Date: 2024
- Location: India
Mandates and Objectives:
- To enhance and streamline Union Bank of India’s risk operations and reporting.
- Address data amalgamation.
- Meet RBI’s regulatory requirements for credit and operational risk.
- Obtain an enterprise view of the bank’s risk exposure throughout the risk management life cycle.
Important Terms Explained:
- SAS Solutions:
- A suite of tools including SAS Stratum, SAS IRM Solution, SAS Data Integration Studio, SAS GCM, SAS Visual Analytics, and SAS Op-VaR.
- Used to modernize risk management systems and ensure regulatory compliance.
Static GK Information:
Union Bank of India:
- Founded Year: 1919
- Headquarters: Mumbai, Maharashtra, India
- Chief Risk Officer: Ashwini Kumar Choudhary
SAS:
- Founded Year: 1976
- Headquarters: Cary, North Carolina, USA
- Specialization: Data analytics and AI solutions
Tabular Summary:
Key Details | Description |
Partnership | Union Bank of India and SAS |
Primary Goal | Streamline risk operations and reporting |
Key SAS Tools Used | SAS Stratum, SAS IRM Solution, SAS Data Integration Studio, SAS GCM, SAS Visual Analytics, SAS Op-VaR |
CEO/MD of SAS India | Noshin Kagalwalla |
Chief Risk Officer of Union Bank | Ashwini Kumar Choudhary |
Union Bank Headquarters | Mumbai, Maharashtra, India |
Benefits | Enhanced operational efficiency, regulatory compliance, improved risk management |
9. What significant changes were introduced by IRDAI in the revamped health insurance norms, and what is the expected benefit for policyholders?
A) Introduction of new insurance products; better travel insurance options
B) Emphasis on digital transactions; faster policy renewal
C) Wider choices and improved affordability; enhanced claims experience and service standards
D) Mandatory health check-ups; increased premiums
E) Reduction in coverage amounts; simpler documentation
Answer: C) Wider choices and improved affordability; enhanced claims experience and service standards
Event and Location:
- Event: Revamp of health insurance norms by IRDAI
- Date: May 29, 2024
- Location: Hyderabad, India
Mandates and Objectives:
- To empower policyholders and improve inclusivity in health insurance.
- Provide wider choices for policyholders with diverse insurance products, add-ons, and riders.
- Ensure transparency with a Customer Information Sheet (CIS).
- Enable policyholders to distribute claims across multiple policies.
- Streamline the claims process with faster authorisation times (cashless within 1 hour, final within 3 hours).
- Reward policyholders with a No Claim Bonus (NCB) option.
- Allow policy cancellation with a premium refund for the unexpired period.
- Ensure policy renewability even after claims, except in cases of fraud or non-disclosure.
Important Terms Explained:
- Customer Information Sheet (CIS):
- A document provided with every policy to ensure transparency about policy details.
- No Claim Bonus (NCB):
- A reward for policyholders without claims during the policy period, either by increasing the sum insured or discounting the premium.
- Cashless Authorisation:
- Approval process for claims where the insurer directly settles the hospital bill without the policyholder paying upfront.
Static GK Information:
IRDAI (Insurance Regulatory and Development Authority of India):
- Founded Year: 1999
- Headquarters: Hyderabad, Telangana, India
Health Insurance in India:
- Key Players: LIC, ICICI Lombard, Star Health, HDFC ERGO, Apollo Munich
- Regulatory Body: IRDAI
Tabular Summary:
Key Details | Description |
Event | Revamp of health insurance norms |
Date | May 29, 2024 |
Location | Hyderabad, India |
Main Changes Introduced | Wider choices, improved affordability, enhanced claims experience, Customer Information Sheet (CIS), No Claim Bonus (NCB), faster authorisation |
Key Figures Mentioned | Sharad Mathur (MD & CEO, Universal Sompo General Insurance), Anuj Parekh (Co-founder & CEO, Bharatsure), Narendra Bharindwal (VP, Insurance Brokers Association of India) |
Significance for Policyholders | Enhanced service standards, better transparency, flexibility in claim distribution, seamless claims process |
10. What restrictions did the RBI impose on Edelweiss ARC and ECL Finance, and why were these measures taken?
A) Ban on new customer acquisitions; violation of lending norms
B) Restriction on acquiring financial assets and structured transactions; evergreening stressed loans
C) Prohibition on foreign transactions; breach of foreign exchange regulations
D) Limit on loan amounts; over-lending to a single sector
E) Suspension of operations; failure to meet capital requirements
Answer: B) Restriction on acquiring financial assets and structured transactions; evergreening stressed loans
Event and Location:
- Event: Imposition of business restrictions on Edelweiss ARC and ECL Finance by RBI
- Date: May 29, 2024
- Location: India
Mandates and Objectives:
- To address regulatory violations and prevent evergreening of stressed loans.
- Stop Edelweiss ARC from acquiring financial assets and restructuring security receipts.
- Prevent ECL Finance from undertaking structured transactions in wholesale exposures.
Important Terms Explained:
- Evergreening Stressed Loans:
- The practice of extending new loans to help borrowers repay old loans, masking the true financial health of the borrower.
- Security Receipts (SRs):
- Instruments issued by asset reconstruction companies (ARCs) to acquire non-performing assets (NPAs) from banks and financial institutions.
- Structured Transactions:
- Complex financial transactions designed to circumvent regulations or mask true financial positions.
Static GK Information:
Reserve Bank of India (RBI):
- Founded Year: 1935
- Headquarters: Mumbai, Maharashtra, India
- Governor: Shaktikanta Das
Edelweiss Group:
- Founded Year: 1995
- Headquarters: Mumbai, Maharashtra, India
- Key Entities: Edelweiss Asset Reconstruction Company Ltd (EARCL), ECL Finance Ltd
Tabular Summary:
Key Details | Description |
Event | RBI imposes restrictions on Edelweiss ARC and ECL Finance |
Date | May 29, 2024 |
Location | India |
Restrictions on Edelweiss ARC | Stop acquiring financial assets, restructuring security receipts |
Restrictions on ECL Finance | Prohibit structured transactions in wholesale exposures |
Reason for Restrictions | Evergreening stressed loans, incorrect valuation of security receipts, regulatory circumvention |
Supervisory Observations | Incorrect reporting, non-compliance with loan-to-value norms, incorrect CRILC reporting |
RBI’s Directive | Strengthen assurance functions, ensure regulatory compliance |
Review Conditions | Restrictions will be reviewed after rectification of supervisory observations |
Business and Economy – Daily Current Affairs May 29
11. What is the main objective of the partnership between MG Motor India and HPCL, and what will they install to achieve this goal?
A) To improve fuel efficiency; hybrid engines
B) To enhance EV charging infrastructure; 50kW/60kW DC fast chargers
C) To develop renewable energy sources; solar panels
D) To upgrade conventional fuel stations; LNG pumps
E) To launch new EV models; battery swapping stations
Answer: B) To enhance EV charging infrastructure; 50kW/60kW DC fast chargers
Event and Location:
- Event: Partnership between MG Motor India and Hindustan Petroleum Corporation Ltd (HPCL)
- Date: May 29, 2024
- Location: New Delhi, India
Mandates and Objectives:
- To expand and enhance EV charging infrastructure across India.
- Install 50kW/60kW DC fast chargers at key locations covering highways and cities.
- Provide convenience to EV users by increasing the availability of charging solutions during long-distance and intercity commutes.
Important Terms Explained:
- 50kW/60kW DC Fast Chargers:
- High-powered chargers that can rapidly charge electric vehicles, significantly reducing the charging time compared to standard chargers.
- EV Charging Infrastructure:
- Network of charging stations that support the charging needs of electric vehicles, making EV use more practical and convenient.
Static GK Information:
MG Motor India:
- Founded Year: 2017 (Indian operations)
- Headquarters: Gurgaon, Haryana, India
- Parent Company: SAIC Motor Corporation Limited
Hindustan Petroleum Corporation Ltd (HPCL):
- Founded Year: 1974
- Headquarters: Mumbai, Maharashtra, India
- Key Focus: Refining and marketing of petroleum products
Tabular Summary:
Key Details | Description |
Partnership | MG Motor India and HPCL |
Objective | Enhance EV charging infrastructure |
Key Installations | 50kW/60kW DC fast chargers |
Locations | Highways and cities across India |
HPCL Network | Over 22,000 fuel stations |
HPCL Goal | Install 5,000 EV charging stations by December 2024 |
Statements from | Gaurav Gupta (Chief Growth Officer, MG Motor India), Rajdip Ghosh (Chief General Manager – Highway Retailing, HPCL) |
12. What sector will BharatX enter through the acquisition of Zenifi, and who will join BharatX as Head of Business – Healthcare?
A) Education; Mehul Jindal
B) Real Estate; Harshit Shrivastava
C) Healthcare; Padam Kataria
D) Automotive; Rajendra Kulkarni
E) E-commerce; Harshit Shrivastava
Answer: C) Healthcare; Padam Kataria
Event and Location:
- Event: Acquisition of Zenifi by BharatX
- Date: May 29, 2024
- Location: Bengaluru, India
Mandates and Objectives:
- To enter the healthcare vertical and expand into medical lending.
- Provide zero-cost and low-cost EMI solutions for healthcare expenses.
- Leverage existing lending platform to improve healthcare financing options.
Important Terms Explained:
- BNPL (Buy Now Pay Later):
- A type of short-term financing that allows consumers to make purchases and pay for them at a future date.
- EMI (Equated Monthly Installment):
- A fixed payment amount made by a borrower to a lender at a specified date each calendar month.
Static GK Information:
BharatX:
- Headquarters: Bengaluru, India
- Key Focus: BNPL and credit as a service
Zenifi:
- Founded Year: 2023
- Key Focus: Healthcare finance providing EMI solutions
Tabular Summary:
Key Details | Description |
Acquisition | BharatX acquires Zenifi |
Sector Entered | Healthcare |
New Role | Padam Kataria joins as Head of Business – Healthcare |
Zenifi’s Founders | Padam Kataria, Harshit Shrivastava, Rajendra Kulkarni |
Zenifi’s Focus | Zero-cost and low-cost EMI solutions for healthcare |
BharatX’s Focus | BNPL and credit as a service |
Existing Partnerships | Flo Mattress, Snitch, Mokobara, Cashfree |
Awards – Daily Current Affairs May 29
13. Who is Major Radhika Sen, and what recognition is she receiving?
A) A biotechnologist awarded for her scientific research.
B) An Indian Army officer receiving the UN military gender advocate award.
C) A diplomat honored for her contributions to international relations.
D) A humanitarian worker recognized for her efforts in disaster relief.
E) A teacher awarded for her innovative teaching methods.
Answer: B) An Indian Army officer receiving the UN military gender advocate award.
Event and Location:
- Event: UN Military Gender Advocate of the Year Award
- Date: May 30, 2024
- Location: Presented by UN Secretary-General Antonio Guterres
Mandates and Objectives:
- To recognize the contributions of military peacekeepers in promoting gender equality.
- Acknowledge individual efforts in promoting principles of UN Security Council resolution 1325 on Women, Peace, and Security.
- Highlight the role of women in peacekeeping missions.
Important Terms Explained:
- MONUSCO:
- The United Nations Organization Stabilization Mission in the Democratic Republic of the Congo.
- A peacekeeping mission aimed at stabilizing the region and protecting civilians.
- UN Security Council Resolution 1325:
- A landmark resolution recognizing the impact of war on women and the importance of women’s contributions to conflict resolution and sustainable peace.
Static GK Information:
Indian Army:
- Founded Year: 1895
- Current Chief of Army Staff: General Manoj Pande
- Headquarters: New Delhi, India
Tabular Summary:
Key Details | Description |
Award | UN Military Gender Advocate of the Year Award |
Recipient | Major Radhika Sen |
Service | United Nations Organization Stabilization Mission in the Democratic Republic of the Congo (MONUSCO) |
Service Period | March 2023 – April 2024 |
Presentation Date | May 30, 2024 |
Presented by | UN Secretary-General Antonio Guterres |
Background | Major Radhika Sen joined the Indian Army eight years ago and served as Commander of MONUSCO’s engagement platoon for the Indian rapid deployment battalion (INDRDB). |
Previous Indian Recipient | Major Suman Gawani, 2019 (UN Mission in South Sudan – UNMISS) |
14. Which company won the ‘Sustainability Champion – Editor’s Choice Award’ at the Outlook Planet Sustainability Summit & Awards 2024, and what is its primary area of focus?
A) Tata Power; Renewable Energy
B) Adani Green Energy; Solar Power
C) REC Limited; Financing India’s energy transition
D) NTPC; Thermal Power
E) BHEL; Hydroelectric Projects
Answer: C) REC Limited; Financing India’s energy transition
Event and Location:
- Event: Outlook Planet Sustainability Summit & Awards 2024
- Date: May 2024
- Location: Goa, India
Mandates and Objectives:
- To recognize REC Limited’s commitment to sustainability and its efforts in driving progress towards a greener future.
- Highlight REC’s sustainability initiatives.
- Promote excellence in sustainable practices.
Important Terms Explained:
- Sustainability Champion – Editor’s Choice Award:
- An award recognizing exceptional commitment and contribution to sustainability initiatives.
- REC Limited:
- A Maharatna Central Public Sector Enterprise under the Ministry of Power, India.
- Focuses on financing the energy sector, including renewable energy, electric vehicles, battery storage, and other new technologies.
Static GK Information:
REC Limited:
- Founded Year: 1969
- CEO/MD: Vivek Kumar Dewangan
- Headquarters: New Delhi, India
- Sector: Financing infrastructure projects, particularly in the power sector.
Tabular Summary:
Key Details | Description |
Award | Sustainability Champion – Editor’s Choice Award |
Awarded to | REC Limited |
Event | Outlook Planet Sustainability Summit & Awards 2024 |
Organizer | Outlook Group, in collaboration with IIT Goa |
Date | May 2024 |
Location | Goa, India |
Received by | Smt. Saraswathi, Senior General Manager, REC’s Mumbai Office |
Key Focus | Financing India’s energy transition, renewable energy, and sustainable infrastructure |
Loan Portfolio | Approximately ₹ 38,971 crores under renewable energy |
Target | Improve the renewables mix to around 30% of projected loan book of about 10 lakh crores by 2030 |
15. Which award did Power Finance Corporation Ltd. (PFC) receive at the Outlook Planet Sustainability Summit & Awards 2024, and who accepted the award on behalf of PFC?
A) Sustainability Leader Award; Shri V. Srinivas
B) Green Energy Champion Award; Smt. Parminder Chopra
C) CSR Champion Award; Smt. Parminder Chopra
D) Renewable Energy Innovator Award; Shri V. Srinivas
E) Corporate Excellence Award; Smt. Parminder Chopra
Answer: C) CSR Champion Award; Smt. Parminder Chopra
Event and Location:
- Event: Outlook Planet Sustainability Summit & Awards 2024
- Date: May 2024
- Location: Goa, India
Mandates and Objectives:
- To honor PFC for its commitment to Corporate Social Responsibility (CSR) in the non-fossil fuel business category.
- Recognize impactful CSR initiatives by PFC.
- Highlight PFC’s contributions to inclusive growth and sustainable development.
Important Terms Explained:
- CSR (Corporate Social Responsibility):
- Business practices involving initiatives that benefit society.
- Non-Fossil Fuel Business:
- Sectors focusing on renewable energy and sustainable practices outside fossil fuel dependency.
Static GK Information:
Power Finance Corporation Ltd. (PFC):
- Founded Year: 1986
- CEO/MD: Smt. Parminder Chopra
- Headquarters: New Delhi, India
- Sector: Financial services for the power sector
Tabular Summary:
Key Details | Description |
Award | CSR Champion Award |
Awarded to | Power Finance Corporation Ltd. (PFC) |
Event | Outlook Planet Sustainability Summit & Awards 2024 |
Organizer | Outlook Group, in collaboration with IIT Goa |
Date | May 2024 |
Location | Goa, India |
Received by | Smt. Parminder Chopra, Chairperson & Managing Director, PFC |
Presented by | Shri V. Srinivas, Secretary, Department of Administrative Reforms and Public Grievances |
Focus | CSR initiatives in non-fossil fuel business, health, sanitation, education, environment, sustainability, skill development, and empowerment of differently abled people |
Defence – Daily Current Affairs May 29
16. What is the primary purpose of the RudraM-II missile successfully flight-tested by DRDO, and from which aircraft platform was it launched?
A) To intercept ballistic missiles; MiG-21
B) To neutralize enemy assets; Su-30 MK-I
C) To conduct reconnaissance missions; Mirage 2000
D) To provide electronic warfare capabilities; Rafale
E) To improve communication systems; Tejas
Answer: B) To neutralize enemy assets; Su-30 MK-I
Event and Location:
- Event: Successful flight-test of RudraM-II air-to-surface missile
- Date: May 29, 2024
- Location: Off the coast of Odisha, India
Mandates and Objectives:
- To neutralize various types of enemy assets.
- Validate the propulsion system and control & guidance algorithm.
- Confirm the performance of the missile through flight data.
Important Terms Explained:
- RudraM-II:
- An indigenously-developed solid-propelled air-launched missile system for air-to-surface roles.
- Incorporates state-of-the-art indigenous technologies developed by DRDO laboratories.
- Su-30 MK-I:
- A multirole combat aircraft used by the Indian Air Force.
Static GK Information:
DRDO (Defence Research & Development Organisation):
- Founded Year: 1958
- Chairman: Dr. Samir V. Kamat
- Headquarters: New Delhi, India
Indian Air Force (IAF):
- Founded Year: 1932
- Chief of Air Staff: Air Chief Marshal Vivek Ram Chaudhari
- Headquarters: New Delhi, India
Tabular Summary:
Key Details | Description |
Event | Successful flight-test of RudraM-II air-to-surface missile |
Date | May 29, 2024 |
Location | Off the coast of Odisha, India |
Launch Platform | Su-30 MK-I |
Purpose | To neutralize various types of enemy assets |
Key Technologies | Indigenous solid propulsion system, control & guidance algorithm |
Tracking and Validation | Electro-optical systems, radar, telemetry stations by Integrated Test Range, Chandipur |
Key Figures | Shri Rajnath Singh (Raksha Mantri), Dr. Samir V Kamat (Chairman DRDO) |
Significance | Validates the performance and capability of RudraM-II, enhancing the force multiplier effect for the Armed Forces |
International Affairs – Daily Current Affairs May 29
17. What was the primary focus of the side event hosted by India at the 77th World Health Assembly, and which countries participated?
A) Telemedicine advancements; Australia, Germany, and the UK
B) Digital Health; Australia, Japan, and the United States
C) Vaccine distribution; China, Japan, and South Korea
D) Health infrastructure; Brazil, South Africa, and Russia
E) Nutritional programs; Canada, France, and Italy
Answer: B) Digital Health; Australia, Japan, and the United States
Event and Location:
- Event: Side event on Digital Health at the 77th World Health Assembly
- Date: May 2024
- Location: Geneva, Switzerland
Mandates and Objectives:
- To highlight the transformative role of digital health in ensuring equitable and accessible healthcare services, contributing to Universal Health Coverage and achieving Sustainable Development Goal 3 (Good Health and Well-being).
- Showcase India’s advancements in digital health, particularly under the Ayushman Bharat Digital Mission (ABDM).
- Emphasize the potential of Digital Public Infrastructure (DPI) in addressing social determinants of health.
- Promote international cooperation in harnessing digital solutions for global health challenges.
Important Terms Explained:
- Ayushman Bharat Digital Mission (ABDM):
- An initiative aimed at creating a robust national digital health ecosystem in India.
- Includes generating Unique Health IDs (ABHA IDs), registering health facilities, and enlisting healthcare professionals.
- Co-WIN:
- A digital platform used during the COVID-19 pandemic for vaccination tracking and management.
- Now being transformed into UWIN for the National Immunization Programme.
Static GK Information:
World Health Assembly:
- Founded Year: 1948
- Organizer: World Health Organization (WHO)
- Location: Geneva, Switzerland
Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PMJAY):
- A health assurance scheme providing health cover of Rs 500,000 to 550 million needy and vulnerable people in India.
e-Sanjeevani:
- India’s largest telemedicine initiative serving millions of patients, providing accessible healthcare services.
Tabular Summary:
Key Details | Description |
Event | Side event on Digital Health at the 77th World Health Assembly |
Date | May 2024 |
Location | Geneva, Switzerland |
Primary Focus | Digital Health |
Participating Countries | Australia, Japan, United States |
Key Initiatives Highlighted | Ayushman Bharat Digital Mission (ABDM), Co-WIN to UWIN transformation, National Health Claims Exchange (NHCX) |
Significance | Promoting equitable and accessible healthcare, Universal Health Coverage, Sustainable Development Goal 3 |
Key Figures | Shri Apurva Chandra (Union Health Secretary, India), Ambassador Arindam Bagchi (Permanent Representative of India at Geneva) |
National Affairs – Daily Current Affairs May 29
18. When will Reliance Industries begin construction on India’s first multimodal logistics park, and where is it located?
A) June 2024; Pune
B) May 2024; Mumbai
C) June 2024; Mappedu near Chennai
D) July 2024; Bengaluru
E) August 2024; Hyderabad
Answer: C) June 2024; Mappedu near Chennai
Event and Location:
- Event: Construction of India’s first multimodal logistics park
- Date: June 2024
- Location: Mappedu near Chennai, Tamil Nadu
Mandates and Objectives:
- To develop India’s logistics infrastructure.
- Enhance logistics efficiency in the southern region.
- Transform the logistics landscape in Tamil Nadu.
- Facilitate better connectivity and transportation.
Important Terms Explained:
- Multimodal Logistics Park:
- A facility that integrates various modes of transport (road, rail, sea, air) to optimize logistics and supply chain operations.
- Provides warehousing, distribution, and transportation services.
Static GK Information:
Reliance Industries:
- Founded Year: 1973
- CEO/MD: Mukesh Ambani
- Headquarters: Mumbai, Maharashtra
Tabular Summary:
Key Details | Description |
Event | Construction of India’s first multimodal logistics park |
Start Date | June 2024 |
Location | Mappedu near Chennai, Tamil Nadu |
Project Cost | Rs 1,424 crore |
Area | 184.27 acres |
Developer | Reliance Industries |
Significance | Transform logistics landscape in southern India |
Competitor | Adani Group (lost the bid) |
19. What is the primary focus of Reliance Industries’ partnership with Norway’s Nel ASA, and when was the technology licensing agreement signed?
A) Solar panel production; June 1, 2024
B) Wind energy development; May 15, 2024
C) Green hydrogen production; May 21, 2024
D) Electric vehicle manufacturing; April 30, 2024
E) Battery storage technology; May 28, 2024
Answer: C) Green hydrogen production; May 21, 2024
Event and Location:
- Event: Partnership between Reliance Industries Ltd (RIL) and Nel ASA
- Date: Technology licensing agreement signed on May 21, 2024
- Location: Strategic partnership between India and Norway
Mandates and Objectives:
- To accelerate investments in green energy, specifically green hydrogen production.
- Leverage Nel’s alkaline electrolyser technology for green hydrogen production.
- Manufacture electrolysers for global use by Reliance.
- Support Reliance’s goal to decarbonize its portfolio and achieve net zero by 2035.
Important Terms Explained:
- Green Hydrogen:
- Hydrogen produced using renewable energy sources, minimizing carbon emissions.
- Alkaline Electrolyser:
- A device that uses electricity to split water into hydrogen and oxygen, utilizing alkaline solutions.
- Decarbonization:
- The process of reducing carbon dioxide emissions associated with energy production and consumption.
Static GK Information:
Reliance Industries Ltd (RIL):
- Founded Year: 1973
- CEO/MD: Mukesh Ambani
- Headquarters: Mumbai, Maharashtra
Nel ASA:
- Founded Year: 1927
- CEO: Håkon Volldal
- Headquarters: Oslo, Norway
Tabular Summary:
Key Details | Description |
Partnership | Reliance Industries Ltd (RIL) and Nel ASA |
Technology Licensing Agreement Date | May 21, 2024 |
Focus | Green hydrogen production and renewable energy investments |
Reliance’s Renewable Investment Commitment | USD 75 billion in renewable infrastructure |
Net Zero Goal | By 2035 |
Renewable Energy Production Target | 100 gigawatts by 2030 |
Nel’s Market Share | 10-15% global market share in electrolysers |
Significance | Access to advanced technology for manufacturing electrolysers, boosting India’s green energy revolution |
20. What is the primary goal of the PRAGATI-2024 initiative launched by CCRAS?
A) To enhance healthcare infrastructure
B) To promote research and innovation in Ayurveda
C) To develop new vaccines
D) To expand telemedicine services
E) To improve sanitation facilities
Answer: B) To promote research and innovation in Ayurveda
Event and Location:
- Event: Launch of PRAGATI-2024 initiative
- Date: 2024
- Location: India, Central Council for Research in Ayurvedic Sciences (CCRAS)
Mandates and Objectives:
- To boost research and innovation in the field of Ayurveda.
- Provide opportunities for collaborative research between CCRAS and the Ayurveda drug industry.
- Drive growth in the Ayurveda sector through research and innovation.
- Foster collaboration and advancements in Ayurvedic sciences.
Important Terms Explained:
- CCRAS:
- Central Council for Research in Ayurvedic Sciences.
- An autonomous body under the Ministry of Ayush, dedicated to the research and development of Ayurvedic sciences.
- Ayurveda:
- A traditional system of medicine originating in India.
- Focuses on natural and holistic approaches to health and wellness.
- PRAGATI-2024:
- Stands for Pharma Research in AyurGyan And Techno Innovation.
- An initiative aimed at promoting research and technological innovation in Ayurveda.
Static GK Information:
Central Council for Research in Ayurvedic Sciences (CCRAS):
- Founded Year: 1978
- DG: Rabinarayan Acharya
- Headquarters: New Delhi, India
Ministry of Ayush:
- Secretary: Vaidya Rajesh Kotecha
- Headquarters: New Delhi, India
Tabular Summary:
Key Details | Description |
Event | Launch of PRAGATI-2024 initiative |
Date | 2024 |
Location | India |
Primary Goal | Promote research and innovation in Ayurveda |
Organization | Central Council for Research in Ayurvedic Sciences (CCRAS) |
Key Figures | Vaidya Rajesh Kotecha (Secretary, Ministry of Ayush), Rabinarayan Acharya (DG, CCRAS), Koustubha Upadhaya (Advisor, Ministry of Ayush) |
Significance | Provides a platform for collaborative research, driving growth and advancements in the Ayurveda sector |
21. What is the main objective of the MoU signed between MEA, MeitY, and CSC e-Governance Services India Ltd, and which services will be provided through CSCs?
A) To enhance digital literacy in rural areas; financial literacy courses
B) To facilitate e-governance in urban areas; telemedicine services
C) To provide eMigrate services; registration and document processing for migrant workers
D) To improve online education; skill development courses
E) To promote e-commerce; digital payment solutions
Answer: C) To provide eMigrate services; registration and document processing for migrant workers
Event and Location:
- Event: Signing of MoU to provide eMigrate services through CSCs
- Date: May 2024
- Location: India
Mandates and Objectives:
- To create a synergy between CSC SPV and MEA for providing eMigrate services through Common Services Centres (CSCs) across India.
- Facilitate registration of applicants on the eMigrate portal.
- Assist in uploading and processing required documents.
- Support booking for medical and other services for migrant workers.
- Increase awareness about eMigrate services among citizens.
Important Terms Explained:
- eMigrate:
- An online platform to assist blue-collar workers going to Emigration Check Required (ECR) countries.
- Aims to make the emigration process seamless and safe, connecting workers, employers, recruitment agents, and insurance companies.
- Common Services Centres (CSCs):
- Frontend service delivery points for digital services, especially in rural and remote areas.
- Part of the Digital India mission, providing over 700 digital services, including government schemes, financial services, and educational courses.
Static GK Information:
Ministry of External Affairs (MEA):
- Founded Year: 1946
- Headquarters: New Delhi, India
Ministry of Electronics and Information Technology (MeitY):
- Founded Year: 2016
- Headquarters: New Delhi, India
CSC e-Governance Services India Ltd:
- A special purpose vehicle (SPV) set up to oversee the implementation of the CSC scheme.
- Founded Year: 2009
- Headquarters: New Delhi, India
Tabular Summary:
Key Details | Description |
Event | Signing of MoU to provide eMigrate services through CSCs |
Date | May 2024 |
Location | India |
Main Objective | Provide eMigrate services to facilitate registration, document processing, and medical bookings for migrant workers through CSCs |
Key Figures Present | Shri Rajesh Singh, Ms Debjani Ghosh, Shri Amit Agrawal, Shri Bramha Kumar, Shri Sanket Bhondve, Shri Akshay Jha |
Organizations Involved | MEA, MeitY, CSC e-Governance Services India Ltd |
Key Services Provided by CSCs | Registration on eMigrate portal, document processing, booking medical services, awareness campaigns |
22. What is the primary purpose of the Summer Fiesta 2024 inaugurated at the National Bal Bhavan, and who inaugurated the event?
A) To enhance academic skills; Shri Vipin Kumar
B) To promote digital literacy; Shri Rajesh Singh
C) To engage children in creative and performing arts; Shri Sanjay Kumar
D) To provide health and fitness programs; Shri Amit Agrawal
E) To offer vocational training; Ms Debjani Ghosh
Answer: C) To engage children in creative and performing arts; Shri Sanjay Kumar
Event and Location:
- Event: Inauguration of Summer Fiesta 2024
- Date: May 29, 2024
- Location: National Bal Bhavan, New Delhi
Mandates and Objectives:
- To engage children in various creative and performing arts, science, and more through a month-long camp.
- Provide children aged 5 to 16 with opportunities to explore and develop their skills and talents.
- Offer over 30 types of different activities, including workshops on Odissi dance, Yoga, Calligraphy, Music recitals, and Games.
Important Terms Explained:
- National Bal Bhavan:
- An autonomous body under the Department of School Education and Literacy, Ministry of Education.
- Established in 1956 to foster learning through thinking, imagination, creativity, and entertaining activities for children.
Static GK Information:
National Bal Bhavan:
- Founded Year: 1956
- Headquarters: New Delhi, India
- Vision: To provide a platform for children to learn and develop through various creative and entertaining activities.
Tabular Summary:
Key Details | Description |
Event | Inauguration of Summer Fiesta 2024 |
Date | May 29, 2024 |
Location | National Bal Bhavan, New Delhi |
Inaugurated by | Shri Sanjay Kumar, Secretary, Department of School Education & Literacy |
Duration | May 29, 2024 to June 28, 2024 |
Participants | Children aged 5 to 16 years |
Activities | Creative and Performing Arts, Science, Odissi dance, Yoga, Calligraphy, Music, Games |
Enrolment | Over 2500 children |
Special Features | Workshops and programs with eminent artists and guests, transportation facilities provided |
Additional Attendees | Shri Vipin Kumar, Additional Secretary (SS-II), Ministry of Education, and senior officials |
Over All Review
Important Days
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Sports
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Banking and Finance
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Business And Economy
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Awards
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Defence
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International Affairs
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National Affairs
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