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Monday, May 29, 2023

Daily GK Update- 29th May, 2023

NATIONAL UPDATES:

 

1. ISRO successfully placed 2G navigation satellite into intended orbit: ISRO has successfully launched a second generation navigation satellite, NVS-01, by using a GSLV rocket with a cryogenic upper stage. NVS-01 would augment the India's regional navigation system, providing accurate and real-time navigation The GSLV-F12/NVS-01 mission was launched from the 2nd launch pad at the Satish Dhawan Space Centre, Sriharikota The signals will be more secure, civilian frequency band has been introduced This was one of the five of such satellites.

 

2. Cambodian King Norodom Sihamoni arrives in New Delhi: King of Cambodia, Norodom Sihamoni has arrived in New Delhi on a three-day visit to India. The King will have bilateral meetings with President Droupadi Murmu and PM Modi. He will also pay floral tributes to Mahatma Gandhi at Raj Ghat. The visit marks the culmination of the celebrations of the 70th anniversary of diplomatic relations between India and Cambodia. This visit by the King of Cambodia is taking place after almost six decades.

 

3. Assam's first Vande Bharat Express train inaugurated: PM Modi has flagged off Assam's first Vande Bharat Express train through video conferencing on May 29, 2023. This new service will cover the distance of 411 km between Guwahati and New Jalpaiguri in 5 hours and 30 minutes. The train will stop at Kamakhya, New Bongaigaon, Kokrajhar, New Alipurduar, and New Coochbehar and culminate at NJP This will be the third Vande Bharat for West Bengal, after Howrah-NJP Vande Bharat Express and Howrah-Puri Vande Bharat Express

 

4. Patna becomes first municipal corporation to use CBDC: Jagadish Pillai of Varanasi (UP) has created a Guinness World Record by singing Shri Ramcharitmanas for 138 hours, 41 minutes, and two seconds. This remarkable accomplishment has been officially recognized in the prestigious Guinness Book of World Records as the longest song ever composed. The entire process of recording, editing and mixing took four years, 63 days and 295 hours to complete. The previous record for the longest song was held by UK’s Mark Christopher Lee and The Pocket Gods on December 1, 2021 with a duration of 115 hours and 45 minutes.

 

5. Telangana achieves 100% coverage of PMJDY: Since the launch of Prime Minister Jan Dhan Yojana, Telangana State has achieved 100 percent household coverage of banking services extending them to all sections of people. As per the Social Security Administration survey, the state has achieved 100 percent coverage and the benefits of 135 welfare schemes and programmes under 20 departments are credited to these zero-balance bank accounts of the beneficiaries. Telangana state has over 1 crore 11 lakh Jan Dhan bank account holders by the middle of this month. As per the official records, these accounts have a balance of over 3 thousand crore rupees However, as the footprint of banking services has expanded to the nook and corner of the state, over 61 lakh people have opened their Jan Dhan accounts in rural areas whereas, nearly 50 lakh people in urban areas have zero balance accounts. Out of these JDY account holders, over 84 lakh people are availing the services of the RuPay cards through which they are able to get other benefits like credit facilities.

 

INTERNATIONAL UPDATES:

 

1. Turkiye President Recep Tayyip Erdogan wins Presidential election: President Recep Tayyip Erdogan has won the presidential election In Turkiye, extending his rule to a third decade. He defeated opposition leader Kemal Kilicdaroglu in a runoff vote. Out of 99.43% of the votes, Erdogan got 52.14% of the votes and Kilicdaroglu received 47.86%. The vote seals Erdogan’s place in history as he extends his 20-year rule for a further five years. Türkiye capital: Ankara and Currency: Turkish lira

 

2. India's SJVN to develop second hydropower project Arun-4 in Nepal: Nepal has decided to allow India's Satluj Jal Vidyut Nigam (SJVN) Limited to develop a second hydropower project in the country. Presently, SJVN is developing a 900-MW Arun -III hydroelectric project, a run-of-river located on the Arun River in Eastern Nepal. The draft project development agreement was approved by Nepal PM Pushpa Kamal Dahal Prachanda and is to be signed with India's state-owned SJVN to develop the 669 MW Lower Arun Hydropower project in eastern Nepal

 

3. Bola Ahmed Tinubu sworn in as the President of Nigeria: Bola Tinubu, from Nigeria's ruling All Progressives Congress party, has been sworn in as the new President of Nigeria. In February 2023, he defeated former Vice President Atiku Abubakar. The swearing ceremony was attended by the Indian defense minister, Rajnath Singh, who is on a three-day visit to Nigeria. Agenda of visit: To strengthen the India-Nigeria bilateral relations This is the first-ever visit of an Indian Defence Minister to Nigeria.

 

4. International Day of UN Peacekeepers 2023: 29 May: International Day of United Nations Peacekeepers is celebrated every year across the globe on May 29 to highlight the efforts of the UN peacekeepers work to establish and maintain peace in conflict areas. 2023 theme: Peace Begins With Me The first UN peacekeeping effort commenced in the Middle East in 1948 and this year (2023) marks the 75th year of operation of UN peacekeeping The Dag Hammarskjold medal was posthumously awarded to peacekeepers who passed away in 2022

 

5. Mukesh Ambani joins advisory committee to COP28 President: Mukesh Ambani, chairman and CEO of Reliance Industries, has been selected to serve on the Advisory Committee to the President of the Conference of the Parties (COP28) of the United Nations Framework Convention on Climate Change (UNFCCC). Other than Sunita Narain, Director General, Centre for Science and Environment, Mukesh Ambani is the only Indian, on the Advisory Committee to the President of COP28. The COP28 UAE Advisory Committee brings together the climate expertise of thought leaders from countries across six continents. From November 30, 2023, to December 12, 2023, the UAE will serve as the host country for the Conference of Parties (COP 28) to the UNFCCC. It will take place in Dubai Expo City. The 31 members of the Committee, 65 percent of whom are from the Global South and represent policy, business, energy, finance, civil society, youth, and humanitarian action, will offer advice and direction to the COP Presidency in the lead-up to COP28 and beyond. The Presidency and venue of COP rotate among the five recognized UN regions — Caribbean, Latin America, Asia, Africa, Central, Eastern and Western Europe. The first COP meeting was held in Berlin, Germany in March 1995.

 

6. 28 May – International Day of Action for Women’s Health: International Day of Action for Women’s Health is observed on May 28 across the globe. Objective – To raise the demand for the realization of sexual and reproductive health and rights, and justice for women. Theme 2023 – Our Voices, Our Actions, Our Demand: Uphold Women’s Health and Rights Now During the 1987 Women’s Health Meeting in Costa Rica, the Latin American and Caribbean Women’s Health Network (LACWHN) proposed that May 28 be celebrated every year as International Day of Action for Women’s Health. LACWHN promoted the day across Latin America while Women’s Global Network for Reproductive Rights (WGNRR) spread it globally. The campaign has historically focused on women’s health care, poverty, abortion, HIV/AIDS, contraceptives and government accountability.

 

7. 28 May – Menstrual Hygiene Day: Menstrual Hygiene Day is observed annually on May 28. Objective – To highlight the importance of good menstrual hygiene, break stigma around menstruation, and raise awareness about challenges regarding access to menstrual products. Theme 2023 – Making menstruation a normal fact of life by 2030 According to UNICEF, around 1.8 billion people across the world menstruate every month that includes girls, women, transgender men and non-binary persons. Many of them face a range of issues from stigma to social exclusion. Menstrual Hygiene Day was started by Germany-based NGO WASH United in 2013 when a 28-day social media campaign was launched to spread awareness around different aspects of menstruation. Motivated by the positive response around the campaign, Menstrual Hygiene Day was observed for the first time on May 28, 2014 with rallies, exhibitions, workshops, speeches etc.

 

8. 28 May – World Hunger Day: World Hunger Day is observed every year on May 28. Objective – To create awareness among the general public regarding hunger and provided to sustainable initiatives. Theme 2023 – celebrating sustainable solutions to hunger and poverty his helps in addressing the issue of food wastage across Nations, making people aware that there are still people who do not get enough food to eat daily. According to the world hunger index, India ranks 94 out of 107 countries and with the score of 27.2 is placed in the severe category. India is also ranked first in the world in terms of malnutrition.

 

 

OTHER UPDATES:

 

SPORTS

 

1. HS Prannoy wins his maiden BWF World Tour title 2023: India's world No.9 shuttler, H.S. Prannoy has clinched his maiden BWF World Tour title 2023, held at the Malaysia Masters Super 500 badminton tournament. In finals, he beat Weng Hong Yang of China 21-19, 13-21, 21-18. He had previously clinched the title at the 2017 US Open.

·       Women's singles: Akane Yamaguchi

·       Men's Double: Kang Min-hyuk and Seo Seung-jae

·       Women's doubles:  Baek Ha-na and Lee So-hee

·       Mixed doubles: Dechapol Puavaranukroh and Sapsiree Taerattanachai

 

2. Magnus Carlsen won Superbet Rapid and Blitz Poland 2023: Five-time World Chess Champion Magnus Carlsen has won the Superbet Rapid & Blitz Poland 2023, held at the Museum of the History of Polish Jews in Warsaw, Poland. He finished with a score of 24/36 and won the cash prize of $40,000. Jan-Krzyzstof Duda (Polish), who placed second ended with 23/36. While the USA’s Wesley So and France’s Maxime Vachier-Lagrave finished in a tie for third. The 2023 Grand Chess Tour continues with the SuperUnited Rapid & Blitz in Zagreb Croatia, taking place from July 3-10 and Saint Louis in USA (November 12 – 19).

 

3. India’s ace shuttler HS Prannoy won the Malaysia Masters Badminton title: India’s star shuttler HS Prannoy won the gold medal in the Malaysia Masters Badminton Championship 2023 played in Kuala Lumpur, Malaysia. He defeated Weng Hong Yang of China 21-19, 13-21, 21-18 in men’s singles final in Kuala Lumpur. Prannoy became the third Indian after Saina Nehwal and PV Sindhu to win the Malaysia Masters Championship and also became the first Indian to win in the men’s singles category.

 

BANKING AND FINANCE

 

1. Bank of Maharashtra top performer in NPA management during FY23: Bank of Maharashtra (BoM) has emerged as the best bank as far as the management of bad loans is concerned with its net non-performing assets (NPAs). The NPA fell as low as 0.25% during the financial year ended March 2023. This is the lowest ratio among all banks having total business above Rs 3 lakh crore and not just public sector banks (PSBs). While HDFC Bank's net NPA fell to 0.27% followed by Kotak Mahindra Bank placed third spot with 0.37% of net advances.

 

2. UPI to account for 90% of retail digital payments by 2026-27: According to PwC report 'The Indian Payments Handbook - 2022-27, UPI transactions are likely to reach 1 billion per day by 2026-27, accounting for 90% of the retail digital payments UPI is driving the digital payments revolution, accounting for about 75% of the total transaction volume in the retail segment during 2022-23 The Indian digital payments market also saw steady growth at a CAGR of 50% (volume) and is expected to reach 411 billion transactions in FY 2026-27

 

3. RBI imposes Rs 84.50 lakh penalty on Central Bank of India: Reserve Bank of India has imposed a penalty of ₹84.50 lakh on Central Bank of India (the bank) for non-compliance with certain provisions of norms related to frauds classification and reporting. The Reserve Bank had conducted statutory inspection for supervisory evaluation of the bank with reference to its financial position as on March 31, 2021. Examination of the reports revealed that the public sector lender had failed to report as fraud to RBI certain accounts within seven days of decision of Joint Lenders’ Forum (JLF) to declare the accounts as fraud.

 

4. Equitas SFB partnered with IBM for digital banking platform: Equitas Small Finance Bank has signed an agreement with International Business Machines (IBM) to design and build a digital banking platform. The collaboration between the two entities aims at boosting the digital products offered by Equitas as well as its service offerings, as it evolves its business for a digital-first generation. Equitas aims to commence its modernization journey with a cloud-native platform architecture. This partnership with IBM is just the first step towards engaging customers. This strategic partnership will help simplify and transform the banking experience for customers across the board.

 

5. Srikrishnan Hari Hara Sarma appoints as MD & CEO of Karnataka Bank: Private sector lender Karnataka Bank has appointed Srikrishnan Harihara Sarma as the new managing director and chief executive officer of the bank for three years. The appointment is subject to the approval of shareholders at the ensuing AGM or within a period of 3 months from the date of assuming charge whichever is earlier. He has also worked at HDFC Bank Limited, Yes Bank, and Jio Payments Bank.

 

AWARDS AND HONOURS

 

1. IIFA Awards 2023 announced: Hrithik Roshan has won the award for Best Actor in a Leading Role at the International Indian Film Academy Awards (IIFA) 2023 held in Abu Dhabi. Alia Bhatt also won the award for Best Actress in a Leading Role for her role in the movie Gangubai Kathiawadi. Veteran actor Kamal Haasan was conferred the Outstanding Achievement in Indian Cinema award. Another veteran actor Anil Kapoor has presented the award for Performance In A Supporting Role (male) for the movie Jug Jugg Jeeyo. Meanwhile, Brahmastra: Part One – Shiva was adjudged the best film of the year. The film won many other awards at the event, including Best Playback Singer (Female) – Shreya Ghoshal, Best Playback Singer (Male) – Arijit Singh and Best Supporting Actor (Female) – Mouni Roy.

 

2. Madhavan won the award for best director for his film Rocketry: The Nambi Effect. Meanwhile, Drishyam 2 won the award for Best Adapted Screenplay. Late actor Irrfan Khan’s son Babil Khan won the award for Best Debut (male) for his performance in the movie Qala. Babil shared the award with Santanu Maheshwari for his performance in Gangubai Kathiawadi.

The award for Best Debut (Female) was presented to Khushali Kumar for her performance in the movie Dhoka Around the Corner.


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