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Monday, May 31, 2021

Daily GK Update- 31st, May 2021

 

NATIONAL UPDATES:

 

1. Ayush Ministry Organises Series of 5 Webinars On “Be With Yoga, Be At Home”: The Ministry of Ayush is organising various activities in the run-up to the International Day of Yoga, 2021. One among these is a series of five webinars that the Ministry is organising under the broad theme of “Be with Yoga, Be at Home” in collaboration with five renowned organisations of the country who will present one webinar each on a particular topic. Some renowned Organisations are:- The Art of Living, The Yoga Institute, ArhamDhyanYog, etc.

This series of five insightful webinars are aimed to remind the wider audience about the issues that have become extremely important in the present context of Covid-19. The series will seek to develop a cumulative understanding to respond to these cross-cutting issues, relying upon the collective experiential wisdom of five organisations that have their own distinctive tradition of learning and sharing.

Note: Minister of State (IC) of the Ministry of AYUSH: Shripad Yesso Naik.

 

2. Cabinet Approves MoUs Signed between ICoAl, ICSI with Foreign Countries: The Union Cabinet has granted approval to the Memorandum of Understandings (MoUs) entered into by the Institute of Cost Accountants of India and the Institute of Company Secretaries of India with various countries and organisations. The MoUs seek to facilitate mutual recognition of qualifications and a range of collaborative activities for the exchange of knowledge. The signed MoUs would help in the advancement of the goals on equity, public accountability and innovation among the beneficiaries countries.

The Institute of Cost Accountants of India (ICoAl) and the Institute of Company Secretaries of India (ICSI) have signed MoUs with foreign organisations namely Institute of Public Accountants (IPA), Australia, Chartered Institute for Securities and Investment, UK (CISI), Chartered Institute of Public Finance and Accountancy (CIPFA), UK, Institute of Certified Management Accountants, Sri Lanka and Institute of Chartered Secretaries and Administrators (ICSA), UK.

 

3. Govt to set up National Mission on use of Biomass in coal based thermal power plants: The Power Ministry has decided to set up a National Mission on the use of Biomass in coal based thermal power plants. It is intended to address the issue of air pollution due to farm stubble-burning and to reduce the carbon footprints of thermal power generation.  It will also further support the energy transition in the country and its targets to move towards cleaner energy sources. The Mission will increase the level of co-firing from the present five percent to higher levels to have a larger share of carbon-neutral power generation from the thermal power plants

 

4. Government releases Rs 1605 crore to 8 North Eastern States under Jal Jeevan Mission: The Union Government has released Rs 1605 crore to eight North Eastern states under Jal Jeevan Mission to provide tap water supply to rural homes in the current financial year. Jal Shakti Ministry said, this is the first tranche of the four to be released in this financial year. There are about 90 lakh rural households in all the North East States, with a maximum 63.35 lakh in Assam.

 

INTERNATIONALUPDATES:

 

1. Ecuador’s Lasso sworn in as first right-wing leader in 14 years: Guillermo Lasso, a conservative, assumed the presidency of Ecuador and has become the first right-wing leader in 14 years in Ecuador. The 65-year-old former banker beat left-wing economist Andres Arauz in a second-round run-off last month and succeeds the hugely unpopular Lenin Moreno. Guillermo Alberto is a banker, businessman, writer and politician who recently became the 47th president of Ecuador. He is the first centre-right president in two decades.

Note: Ecuador Capital: Quito; Ecuador Currency: United States Dollar.

 

2. NASA Partners ISRO to develop Earth System Observatory: The US space agency, National Aeronautics and Space Administration (NASA) is developing a new system called the Earth System Observatory, to mitigate efforts related to climate change and disaster mitigation. NASA has also partnered with the Indian Space Research Organization (ISRO) which will provide NASA-ISRO Synthetic Aperture Radar (NISAR). NISAR will carry two radar systems to measure changes in the Earth’s surface, during one of the observatory’s first missions intended as a pathfinder.

About the Earth System Observatory:

(1) The Earth System Observatory will be a set of missions designed to study “designated observables” such as aerosols, clouds and weather, water supply, and the Earth’s surface and ecosystems, for an unprecedented understanding of the critical interactions between Earth’s atmosphere, land, ocean, and ice processes, which determines how the changing climate will play out at regional and local levels, on near and long-term time scales.

(2) Each new satellite under Earth System Observatory will be uniquely designed to create a 3D, holistic view of Earth, from bedrock to atmosphere, providing a new architecture to advanced space-borne Earth observation systems.

Note: 14th NASA administrator: Bill Nelson; Headquarters of NASA: Washington D.C., United States; NASA Founded: 1 October 1958.

 

3. World No-Tobacco Day: 31st May: Every year, on 31st May, the World Health Organization (WHO) and global partners celebrate World No Tobacco Day (WNTD). The annual campaign is an opportunity to raise awareness on the harmful and deadly effects of tobacco use and second-hand smoke exposure, and to discourage the use of tobacco in any form. This year theme of the 2021 WNTD is “Commit to quit.” This yearly celebration informs the public on the dangers of using tobacco, the business practices of tobacco companies, what WHO is doing to fight the tobacco epidemic, and what people around the world can do to claim their right to health and healthy living and to protect future generations.

History: World Health Organization on 15th May 1987 passed a resolution, calling for April 7, 1988, to be the first World No Smoking Day. This date was chosen as it was the 40th anniversary of the World Health Organization. Then on May 17, 1989, the World Health Organization passed a resolution calling for May 31 to be annually known as World No Tobacco Day. World No Tobacco Day has been observed every year on 31st May since 1989.

Note: WHO was established on 7 April 1948; WHO is headquartered in Geneva, Switzerland; WHO current President is DrTedrosAdhanom Ghebreyesus.

 

4. International Week of Solidarity with the Peoples of Non-Self-Governing Territories: 25th May – 31st May: The United Nations is observing the International Week of Solidarity with the Peoples of Non-Self-Governing Territories from May 25 to 31, 2021. On December 06, 1999, the UN General Assembly called for the annual observance of the Week of Solidarity with the Peoples of Non-Self-Governing Territories. In UN Charter, a Non-Self-Governing Territory is defined as a Territory “whose people have not yet attained a full measure of self-government.”

The observation aims to take effective measures to safeguard and guarantee the inalienable rights of the peoples of the Non-Self-Governing Territories to their natural resources, including land, and to establish and maintain control over the future development of those resources and requested the Administering Powers to take all necessary steps to protect the property rights of the peoples of those Territories. At present, there are 17 Non-Self-Governing Territories remaining.

 

OTHER UPDATES:

 

SPORTS

 

1. Mary Kom Settles with Silver Medal at 2021 Asian Boxing Championships: Indian pugilist Mary Kom, lost to two-time world champion NazymKyzaibay of Kazakhstan, to settle for silver medal at the 2021 ASBC Asian Boxing Championships in Dubai. The five-time Asian Championships gold medallist Mary Kom was competing in a high-octane 51kg final. This is the second silver for Mary Kom at the Asian Championships who has previously won silver in 2008. Apart from this, she won world championship titles on five occasions including 2003, 2005, 2010, 2012, and 2017. Meanwhile, Pooja Rani won the gold medal in the 75kg Women’s Middle category final at the Asian Boxing Championships. She defeated MavludaMovlonova in the gold medal clash.

 

BANKING AND FINANCE

 

1. LIC hikes its stake in Union Bank to over 5%: The Life Insurance Corporation of India (LIC) has hiked its stake to 5.06% in state-run Union Bank of India with acquisition of nearly 2% additional stake in the bank. Earlier, the LIC held 3.09% stake in UBI, representing 19,79,23,251equity shares of the bank, as per a regulatory filing of LIC sent to exchanges through Union Bank of India.

 

2. Mahindra Rural Housing Finance, IPPB tie up for cash management solution: Mahindra Rural Housing Finance and India Post Payments Bank announced a strategic partnership for cash management solution. As part of the tie-up, IPPB will be offering cash management and collection services to MRHFL through its access points and postal service providers. With the cash management service, its customers will be able to repay their monthly or quarterly loan instalments at over 1.36 lakh post offices.

 

BUSINESS AND ECONOMY

 

1. SBI research: GDP likely grew by 1.3% in Q4 FY21: India’s GDP is likely to have grown at 1.3% in the fourth quarter of 2020-21 and may have contracted by about 7.3% for the full financial year, according to an SBI research report ‘Ecowrap’. The National Statistical Office (NSO) will release the GDP estimates for the March 2021 quarter and provisional annual estimates for the year 2020-21 on May 31.

State Bank of India (SBI) has developed a ‘nowcasting model’ with 41 high-frequency indicators associated with industry activity, service activity, and the global economy in collaboration with the State Bank Institute of Leadership (SBIL), Kolkata. The economics research team said that going by the estimate of 1.3% GDP growth, India would still be the fifth-fastest-growing country among 25 nations that have released their GDP numbers so far.

Note: SBI Chairperson: Dinesh Kumar Khara; SBI Headquarters: Mumbai; SBI Founded: 1 July 1955.

 

2. Andy Jassy will become Amazon’s CEO on July 5th: Andy Jassy will officially become the CEO of Amazon on July 5th, the company announced at a shareholder meeting. Amazon announced that Jassy, who is the current CEO of Amazon Web Services (AWS), would replace Jeff Bezos as CEO of the entire company in February. Bezos will become executive chair of Amazon’s board. Jassy joined the company in the late ’90s and was tasked with exploring what would become AWS around 2003.

Note: Amazon.com Inc Founded: 5 July 1994; Amazon.com Inc Headquarters: Seattle, Washington, United States.

 

AWARDS AND HONOURS

 

1. Shergaon BMC bags best Biodiversity Management Committee award in Arunachal Pradesh: The Shergaon Biodiversity Management Committee (BMC) in West Kameng district of Arunachal Pradesh was awarded the best such panel in the country at the fifth edition of the India Biodiversity Award. The award was given by the National Biodiversity Authority at a virtual programme on the occasion of the International Day for Biological Diversity. Winners of the India Biodiversity Awards get a memento, a certificate and a cash prize of Rs two lakh each for individuals and Rs five lakh each for institutions. The Shergaon BMC has worked on documentation of endemic flora and fauna of the village forest. Plant species like Paris polyphylla, Taxusbaccata, Swertiachirayita, Rubiacordifolia, and faunas such as red panda, flying squirrels, civets, Himalayan Asiatic black bear have been documented.

 

OBITUARIES

 

1. Freedom fighter HS Doreswamy passes away: Freedom fighter H S Doreswamy, who recently recovered from Covid-19, passed away. He was born in Bengaluru on April 10, 1918, HarohalliSrinivasaiahDoreswamy, is known for his participation in the Quit India movement and VinobaBhave’sBhoodan movement. He was also a familiar figure in civil society movements in Karnataka as he had campaigned to revive lakes in Bengaluru. 

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