NATIONAL UPDATES:
1. REC gets RBI nod to set up subsidiary in GIFT City: State-owned REC Ltd, under the Ministry of Power and a leading NBFC, has received a ‘No Objection Certificate’ (NOC) from the Reserve Bank of India (RBI) for setting up a subsidiary in Gujarat International Finance Tech-City (GIFT) in Gandhinagar, Gujarat. The proposed subsidiary will engage in a range of financial activities as a finance company within GIFT, including lending, investment, and other financial services.
2. Auto Expo set to move back to New Delhi in 2025: The Auto Expo is set to return to the national capital in 2025, after a decade. India’s flagship biennial motor show will be organized next year under the Bharat Mobility umbrella in New Delhi’s Pragati Maidan, 10 years after the exhibition was moved to Greater Noida, Uttar Pradesh, in 2014. Under the Bharat Mobility umbrella, automotive industry body Society of Indian Automobile Manufacturers (SIAM) will organize the customer-focused motor show.
3. Sanjeev Nautiyal appointed as MD & CEO of Ujjivan SFB: Reserve bank of India (RBI) has approved the appointment of Sanjeev Nautiyal as the managing director (MD) & chief executive officer (CEO) of Ujjivan Small Finance Bank for the period of 3 years with effect from 1 July 2024.
He will replace Ittira Davis. Currently, he is the independent director of the Life Insurance Corporation of India (LIC), in addition to acting as an advisor to various organisations.
INTERNATIONAL UPDATES:
1. India, Ghana reach agreement on UPI: India and Ghana are working to link their payment systems – Unified Payments Interface (UPI) and Ghana Interbank Payment and Settlement Systems (GHIPSS) respectively to permit users to make instant, low-cost fund transfers on a reciprocal basis. The two countries have also delved into discussions regarding the possibilities of a Memorandum of Understanding on Digital transformation Solutions; Local Currency Settlement System and the opportunities offered by African Continental Free Trade Agreement (AfCFTA).
2. Bajaj Auto to launch world’s first CNG-powered bike in June: Bajaj Auto will launch the world’s first compressed natural gas (CNG) motorcycle on June 2024. This move marks a significant shift in the industry, providing customers with a cost-effective and eco-friendly alternative to traditional petrol motorcycles. With the new CNG-powered bikes, customers can expect a significant reduction in operational costs, making it an attractive proposition in today’s market.
3. UNICEF India appoints Kareena Kapoor Khan as National Ambassador: UNICEF India has appointed Bollywood star Kareena Kapoor Khan as its new National Ambassador. The “Crew” star, who has been associated with UNICEF India since 2014, will support the not-for-profit organisation in furthering every child’s right to early childhood development, health, education and gender equality. Besides Kareena, UNICEF India has also appointed its first-ever Youth Advocates, who are peer leaders and champions on issues like climate action, mental health, innovations and Girls in STEM (science, technology, engineering and mathematics).
4. 5 May – International Day of the Midwife: International Day of the Midwife is observed every year on 5 May. Objective – It is an opportunity for healthcare staff to reflect on the dedication. Theme 2024 – Midwives: A Vital Climate Solution The International Day of the Midwife was established in 1992 by the International Confederation of Midwives to celebrate and raise awareness about the midwifery profession.
5. 6 May – International No Diet Day: International No Diet Day is observed every year on 6 May.
Objective – To spread awareness on issues like weight discrimination and fatphobia, and educate the masses on unhealthy dieting practice. Theme 2024 – Embrace Yourself: Reject Diet Culture, Love You In 1992, Mary Evans began International No Diet Day fully intent on showing individuals the significance of body energy, appreciating their own bodies and, furthermore, going home for the day from their diet routine and taking part in a feast that they love.
6. 5 May 2024 – World Laughter Day: World Laughter Day is celebrated on the first Sunday of May every yea This year, it is on May 5. The primary objective of World Laughter Day is to promote world peace and global consciousness through laughter. World Laughter Day originated from the Laughter Yoga movement, founded by Dr. Madan Kataria, a physician from India, in 1998.
OTHER UPDATES:
DEFENCE
1. India’s first indigenous bomber UAV unveiled in Bengaluru: Flying Wedge Defence and Aerospace Technologies launched FWD-200B in Bengaluru, marking India’s entry into indigenous UAV manufacturing. The FWD-200B has a payload capacity of 100 kgs and is classified as a MALE Unmanned Combat Aerial Vehicle (medium-altitude, long-endurance). The Unmanned Aerial System (UAS) consists of optical surveillance payloads and is integrated with missile-like weapons for precision air strikes.
SPORTS
1. Tejaswin Shankar wins men’s High Jump event at USATF Festival: India’s Tejaswin Shankar clinched victory in the men’s High Jump event at the USATF Festival in Tucson, Arizona, USA. The National record holder Tejaswin cleared 2.23 metres in his first attempt to secure the top spot at the World Athletics Continental Tour – Silver event. With this jump, he equaled his season-best effort. Earnie Sears of USA finished second, while Roberto Vilches of Mexico was third. Another Indian athlete, Sarvesh Kushare cleared 2.13m to finish fifth.
2. China wins both Thomas and Uber Cup Badminton titles: The Chinese badminton team has won both the men’s Tomas Cup 2024 and the women’s Uber Cup 2024. The final of the 2024 BWF Thomas and Uber Cup was played in the Chinese city of Chengdu. Thomas and Uber Cup is held every two years and is organised by the world badminton governing body, the Badminton World Federation (BWF).
3. McLaren’s Lando Norris win Miami GP: McLaren’s Lando Norris has won the first Formula One race of his career with a shock victory over world champion Max Verstappen in the Miami Grand Prix. Breathing life into an F1 season that risked becoming a one-man story again, Norris, in his 110th race for McLaren, beat Verstappen by more than seven seconds, with Ferrari’s Charles Leclerc finishing third.
4. Iga Switek, Andrey Rublev wins the Madrid Open Tennis Singles Title: World no.1 women’s tennis players Iga Swiatek and Andrey Rublev won the women’s and men’s singles titles at the 2024 Madrid Open, respectively. This was the first Madrid Open title for Iga Swiatek of Poland, while it was the second Madrid Open title for Andrey Rublev. The Madrid Open Tennis was held in the Spanish capital city of Madrid from 22 April to 5 May 2024.
AWARDS AND HONOURS
1. Palestinian journalists awarded 2024 Guillermo Cano World Press Prize: UNESCO awarded its World Press Freedom Prize to all Palestinian journalists covering the war in Gaza. The Award Ceremony occurred in the margins of the World Press Freedom Conference in Santiago, Chile. Mauricio Weibel, Chair of the International Jury, highlights the immense debt owed to these journalists for their courage and dedication to freedom of expression.
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