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CURRENT AFFAIRS SNIPPETS
05th May 2022
National News
DMK MPs to contribute one month's salary
towards Sri Lanka aid
The Dravida Munnetra Kazhagam (DMK) on Thursday announced that the
party's Lok Sabha and Rajya Sabha MP's will be donating their one month's
salary towards aid for the crisis-hit Sri Lanka. This comes after Tamil Nadu CM
MK Stalin appealed to the people to donate to the state government to buy
essentials like food and ship them to Sri Lanka.
Delimitation panel finalises electoral seats
in J&K; increases Assembly seats to 90
The Delimitation Commission tasked with redrawing the assembly
constituencies of Jammu and Kashmir finalised the delimitation order for the
Union Territory. As per the final Delimitation Order, the Assembly
constituencies have been increased to 90, of which 43 will be part of Jammu
region and 47 of Kashmir region. Nine seats have been reserved for STs and
seven for SCs.
TN announces free travel for children below
5 yrs in govt buses
Tamil Nadu government said on Thursday that children aged less than 5
years will be exempted from paying fares in buses operated by government-run
transport bodies. Transport Minister SS Sivasankar, who made announcement,
added that automated travel ticket system, redressal body for passengers will
be set up. Currently, children aged between 3 and 12 years need to pay 'half
fare'.
ISRO planning to launch mission to Venus in
December 2024
Indian Space Research Organisation (ISRO) is readying a spacecraft to
orbit Venus, the solar system's hottest planet. Addressing a day-long meeting,
ISRO Chairman S Somanath said the Venus mission has been conceived, a project
report made and "money identified". ISRO is eyeing the December 2024
window for its launch with orbital maneuvers planned for the following year.
WHO claims India had 47 lakh Covid deaths,
10 times more than estimate; govt objects
A WHO report has estimated that there were 47 lakh Covid-19 deaths in
India from January 2020 till December 2021 end, which is nearly 10 times the
official figures. India rejected the estimates by calling data collection
methodology "questionable" and said, "Despite India's objection
to the process, methodology and outcome of this modelling exercise, WHO
released the excess mortality estimates."
Maha MP Navneet Rana cries as husband visits
her in hospital 12 days after arrest
Maharashtra MP Navneet Rana broke down in tears on meeting her MLA
husband Ravi Rana at Lilavati Hospital in Mumbai on Thursday. Navneet was
released from the Byculla jail and her husband was released from Taloja jail 12
days after they were arrested over the Hanuman Chalisa issue. Navneet has been
admitted to Lilavati Hospital due to health issues.
UP CM inaugurates ₹43-crore guest house for
tourists in Haridwar
Uttar Pradesh Chief Minister Yogi Adityanath inaugurated a guest house
for tourists in Uttarakhand's Haridwar along with the state CM Pushkar Singh
Dhami. The guest house, which is said to be worth ₹43.27 crore, has 100 rooms
and was built by the Uttar Pradesh government. "Uttarakhand has ample
opportunities for eco-tourism along with spiritual tourism," Yogi
Adityanath said.
National Intelligence Grid (NATGRID) Bengaluru campus inaugurated by Amit
Shah
Home Minister, Amit Shah inaugurates the National Intelligence Grid (NATGRID)
campus in Bengaluru. According to Home Minister Amit Shah, the Narendra Modi
government has had a zero-tolerance attitude toward terrorism since the
beginning. Mr Shah remarked during the
inauguration of the National Intelligence Grid (NATGRID) premises in Bengaluru
that security requirements have increased dramatically in terms of data, scope,
and complexity compared to past issues. According
to him, legal and security authorities require automated, secure, and quick
access to data gathered from credible sources.
The government has tasked NATGRID with establishing and operating a
cutting-edge and innovative information technology infrastructure for obtaining
data from data collection agencies. The
Union Government will soon build a national database to track hawala
transactions, terrorist funding, counterfeit cash, narcotics, and bomb threats,
illicit arms smuggling, and other terrorist operations. The Home Minister stated that intelligence
and legal agencies should now be able to fully utilise information due to the
removal of impediments to essential data.
There should be a paradigm shift in the way agencies work thanks to data
analytics and information technology. C-DAC
is implementing NATGRID, according to Shah, in keeping with the Prime
Minister's vision of a self-sufficient India.
International News
Bank of England warns of recession in the
UK, hikes interest rates to 1%
The Bank of England on Thursday raised the interest rates by 25 bps to
1%, the highest since 2009. The move is aimed at countering the inflation
that's now heading above 10%. The Bank of England also sent a warning that the
UK economy risks sliding into recession later this year amid higher energy
prices pushing inflation.
NATO will increase presence in Baltic sea if
Sweden applies: Stoltenberg
NATO chief Jens Stoltenberg has said that bloc will strengthen its
presence around Sweden's borders and Baltic sea if the country applies to join
NATO. He added that bloc will have "very strong obligation" to
guarantee the country's security amid potential membership bid. Stoltenberg's
remarks come amid reports that Sweden and Finland will formally apply to join
NATO in May.
Which investors are giving Musk over $7
billion in new financing to buy Twitter?
Elon Musk has secured a new financing commitment of $7.139 billion for
his $44 billion Twitter buyout. Investors include Binance, Oracle Co-founder
Larry Ellison, Brookfield, Fidelity, Qatar Holding, Sequoia Capital Fund, Aliya
Capital, Honeycomb & Vy Capital among others. Saudi Prince Alwaleed bin
Talal, who initially opposed the buyout, has agreed to roll his $1.89 billion
stake into the deal.
FAO’s flagship released its publication “The State of the World’s
Forests”
The State of the World's Forests 2022 explores the significance of three forest
pathways for achieving green recovery and addressing environmental crises such
as climate change and biodiversity loss, against the backdrop of the Glasgow
Leaders' Declaration on Forests and Land Use and 140 countries' pledge to end
forest loss by 2030 and support restoration and sustainable production and
consumption. Stopping deforestation and
sustaining forests, repairing degraded lands and increasing agroforestry,
managing forests responsibly and establishing green value chains are the three
interconnected pathways. Balanced, the
concurrent pursuit of these paths can provide countries and their rural
populations with long-term economic and social benefits, as well as assist in
fulfilling the growing global demand for materials and managing environmental
issues. The State of the World's Forests
2022 includes evidence on the paths' feasibility and value, as well as the
first steps that may be made to pursue them further. There is no time to waste; immediate action
is required to keep global warming below 1.5 degrees Celsius, reduce the risk
of future pandemics, ensure food security and nutrition for all, eradicate
poverty, conserve the planet's biodiversity, and give young people hope for a
better world and a better future.
Appointments News
Nand Mulchandani named as 1st-ever chief tech officer of CIA
Indian-Origin, Nand Mulchandani has been appointed as the first-ever Chief
Technology Officer (CTO) of the Central Intelligence Agency (CIA), the first
line of defence for the United States. Prior
to this, he served as the CTO and acting director of the Joint Artificial
Intelligence Centre under the US Department of Defence. He served as the CEO of
multiple successful startups like Oblix (acquired by Oracle), Determina,
OpenDNS, and ScaleXtreme. Mulchandani
completed his schooling in Delhi. He studied at the Bluebells School
International between 1979 and 1987 and then went to Cornell University for his
undergraduate course in Computer Science and Math. He then went on to secure a
Master of Science degree in Management from Stanford, and a Master in Public
Administration degree from Harvard.
Banking, Business and Economy News
India's biggest-ever IPO of LIC gets fully
subscribed
LIC's IPO, India's biggest ever, was fully subscribed on the second day
of bidding on Thursday. The ₹20,557-crore IPO, with price band fixed at
₹902-949 per share, received bids for 16.24 crore equity shares against the
offer size of 16.2 crore shares. The policyholder portion was subscribed 3.02
times, employee portion 2.14 times, and retail investors subscribed 91%
Oil crosses $110 mark after EU plans phased
ban on Russian oil
Oil price on Thursday crossed the $110 mark after the European Union
laid out plans to place a phased ban on all Russian oil imports. Brent crude
rose 1.4% to $111.73/barrel while US West Texas Intermediate (WTI) rose 1.2% to
$109.11/barrel. "Today, we'll propose...a complete import ban on all
Russian oil," EU chief Ursula von der Leyen said on Wednesday.
TVS elevates Sudarshan Venu as Managing
Director
Sudarshan Venu, son of Venu Srinivasan, on Thursday took over as the
Managing Director of TVS Motor Company. Sudarshan was earlier the joint MD of
the firm. Accepting his new role, Sudarshan said, "With the continued
guidance of my father and Sir Ralf (TVS Chairman) and the support of the board...I
look forward to further embracing the future of mobility."
RBI Monetary Policy: RBI hikes Repo Rate by 40 bps to 4.40 percent
In an unscheduled meeting of the Monetary Policy Committee, the central bank,
however, retained the accommodative monetary policy. The sudden RBI move — the
first hike after August 2018 — is expected to push up interest rates in the
banking system. Equated monthly instalments (EMIs) on home, vehicle and other
personal and corporate loans are likely to go up. Deposit rates, mainly fixed
term rates, are also set to rise. All
six members of the MPC unanimously voted for a rate hike while maintaining the
accommodative stance. RBI Governor Shaktikanta Das said the decision was taken
in view of rising inflation, geopolitical tensions, high crude oil prices and
shortage of commodities globally, which have impacted the Indian economy.
Consequently, the various rates are as under:
* Policy Repo Rate: 4.40%
*
Standing Deposit Facility (SDF)= 4.15%
*
Marginal Standing Facility Rate: 4.65%
*
Bank Rate: 4.65%
*
CRR: 4.50% (Effective from May 21, 2022.)
*
SLR: 18.00%
India ranked 21st in Chainalysis 2021 Cryptocurrency Gains by
Country
According to the data released by crypto analytics firm Chainalysis, investors
around the world realized total Crypto gains of $162.7 billion in 2021,
compared to $32.5 billion in 2020. This
is 2nd consecutive data by Chainalysis. Ethereum is the most noteworthy gainer
among the crypto assets. The report highlights that Ethereum edged out Bitcoin
in total realized gains globally at $76.3 billion to $74.7 billion. However, India ranked lowly at 21st with
realized gains of around $1.85 billion while it is topped by the United States
with an estimated realized Crypto gain of $49.95 billion. The US is followed by the United Kingdom at
2nd with estimated realized Crypto gains of $8.16 billion, Germany ($5.82
billion), Japan ($5.51 billion), and China ($5.06 billion).
Times Higher Education (THE) Impact Rankings 2022: India ranked 4th
The Times Higher Education (THE) has released the 2022 edition of its Impact
Rankings. 8 Universities from India are placed in the top 300 universities in
the world. The ranking is topped by
Western Sydney University (Australia); followed by Arizona State University
(The US), Western University (Canada). This year, a record 1,524 institutions
from 110 countries participated in the rankings. Australia’s Western Sydney
University secured the top position globally in the overall ranking. India is the joint fourth most-represented
nation across the rankings, with 64 universities featuring in total (the same
number as Turkey). In South Asia, India
breaks through into the world’s top 50, with Amrita Vishwa Vidyapeetham
claiming 41st place in the overall table. Lovely Professional University makes
the top 100 at joint 74th place in the overall table. Calcutta University has been ranked first
among all the central and state-aided public universities in the country by
Times Higher Education (THE) Impact Rankings 2022. Calcutta University grabbed
14th position globally in the ‘Decent Work and Economic Growth’ sub-category.
World Press Freedom Index 2022: India ranked 150th
Reporters Without Borders (RSF) has released the 20th World Press Freedom Index
2022, which assesses the state of journalism in 180 countries and territories.
The Index highlights the disastrous effects of news and information chaos – the
effects of a globalised and unregulated online information space that
encourages fake news and propaganda. India’s
ranking in the Index has fallen down to 150th position from last
year’s 142nd rank. The ranking of
India’s neighbours, except that of Nepal, has also slid down, with the index
placing. Nepal has climbed up by 30 points in the global ranking
at 76th position. Pakistan at 157th
position, Sri Lanka 146th, Bangladesh 162nd and Maynmar at 176th
position. Norway (1st) Denmark (2nd),
Sweden (3rd) Estonia (4th) and Finland (5th) grabbed the top positions,
while North Korea remained at the bottom of the list of the 180 countries and
territories. Russia was placed at 155th
position, down from 150th last year, while China climbed up by two positions
with the Reporters Without Borders placing it at 175th position. Last year,
China was placed at 177th position. The
invasion of Ukraine (106th) by Russia (155th) at the end of February
reflects this process, as the physical conflict was preceded by a propaganda
war.
Awards News
DD National Pet Show ‘Best Friend Forever’ Wins ENBA Award 2021
Doordarshan has won ENBA Award 2021 for the best in-depth Hindi series for its
TV series based on pet care ‘Best Friend Forever’ at the 14th edition of the
Exchange4media News Broadcasting Awards (ENBA). The show is aired every Sunday
at 7 pm and is also available on the YouTube channel of DD National. Best Friend Forever is a half-an-hour weekly
live phone-in show on DD National, wherein two pet experts guide people on how
to take care of their pets, about their food, nutrition, routine health
check-ups, vaccination and other pet-related issues. The objective of the show is to maintain a
two-way communication where viewers can directly call and talk to the experts,
and share their worries and experiences. From the first day, phone calls
started pouring in from across the country. Apart from other age groups,
youngsters and kids engage the most with the show. The show also features stories which explain
the unique relationship one develops with their pets and how pets not only take
the modern-day stress away but are also life-savers.
Science and Technology News
IIT Bombay and IMD signed MOU to develop user-friendly weather
forecasting app
The Indian Institute of Technology (IIT Bombay) has partnered with the Ministry
of Earth Sciences' India Meteorological Department (IMD) to develop climate
solutions for stakeholders at the village, city, and district levels. The partnership will aid the institute in the
development of sensors and drone-based smart monitoring systems, climate-smart
agriculture technology for water and food security, intelligent and automated
early warning systems, climate and health, smart power grid management, wind
energy forecasting, and heat wave forecasting.
IIT Bombay is intending to build a Centre of Excellence (CoE) in Climate
Services and Solutions within the Interdisciplinary Program in Climate Studies
(IDPCS), given the country's ambitious goal of reaching net zero by 2070. "IDPCS at IIT Bombay was established in
2012 and has finished its 10-year journey with considerable financial backing
from the Department of Science and Technology." IIT Bombay's IDPCS is a fantastic effort that
is critical for climate science research. Science is interdisciplinary in
nature, involving mathematics, engineering solutions, and social sciences,
among other disciplines, all of which are necessary to comprehend climate
studies.
Sports News
David Warner records most fifties in T20
cricket, breaks Chris Gayle's record
DC opener David Warner on Thursday smashed his 89th fifty in T20
cricket, scoring 92*(58) against SRH in their IPL 2022 clash. With this, Warner
set the record for scoring the most number of fifties in T20 cricket,
overtaking Chris Gayle (88). Apart from 89 fifties, Warner has also hit eight
T20 hundreds. Meanwhile, Gayle has slammed 22 T20 hundreds.
Khelo India University Games 2021 won by JAIN University
JAIN (Deemed-to-be University) with 20 gold, 7 silver and 5 bronze medals has
won the 2nd edition of the Khelo India University Games 2021. Lovely
Professional University (LPU) with 17 golds has placed second and Punjab
University placed third with 15 gold medals.
Siva Sridhar has emerged as the star swimmer by winning 11 gold. The
closing ceremony of KIUG was held at Sri Kanteerava Outdoor Stadium, Bengaluru.
Veera was the mascot of KIUG 2021. A
total of 20 games were played and participated by 3900 students from 210
Universities in the second edition of the Khelo India University Games. The
Games introduced indigenous sporting competitions such as Yogasana and
Mallakhamba for the first time in the history of national sports.
World Snooker Championship Title 2022 won by Ronnie O’Sullivan
Ronnie
O’Sullivan (England) has won the 2022 World Snooker Championship by defeating
Judd Trump (England) against 18-13 in the finals, which were held from April 16
to May 2, 2022 at the Crucible Theatre in Sheffield, England. The tournament was organised by the World
Snooker Tour and sponsored by sports betting company Betfred. The Total prize
money is 2,395,000 Euros and the Winner gets a share of 500,000 Euros. O’Sullivan (Aged 46) becomes the oldest world
champion in Crucible history, eclipsing Ray Reardon, who won his sixth title
aged 45 in 1978. It was Ronnie
O’Sullivan’s seventh World Snooker Championship title, previously in 2001,
2004, 2008, 2012, 2013 and 2020, equalling Stephen Hendry’s modern-day record
of seven world titles (Hendry won all of his in the 1990s).
Important Days
International Firefighter’s Day 2022
International Firefighter’s Day is observed every year on May 4th to pay
respect to those firefighting experts who have lost their lives in the line of
duty. The main aim of this day is to recognise and honour professional
firefighters across the world. They keep
the community and the environment safe by sacrificing their lives for the
riskiest jobs. A tragic incident in Australia’s Linton led to the establishment
of International Firefighters Day. This
historical accident happened on December 02, 1998, which led to the taking of
the lives of 5 firefighters. Therefore, a proposal was passed on January 04,
1999, to honour the firefighters who lost their lives on duty.
Coal Miners Day 2022
Coal Miners Day is observed on 4th May every year to honour the coal miners.
The day is celebrated to highlight the contributions of coal miners in meeting
our energy demands. Below, we share a bit of the history of coal mining, the
current energy scenario, and the role of coal miners in India. The day honours the accomplishments and
sacrifices made by coal mine workers so far. While the first-ever coal mine was
opened in 1575 by one George Bruce of Carnock, Scotland. In India, the coal
mining business began in 1774. It was when the East India Company exploited the
Raniganj coalfield which is located in the Asansol and Durgapur It falls along
the bank of River Damodar that crosses Jharkhand and West Bengal. The Mines Act 1952, Mine Rules 1955, Coal
Mine Regulation-1957, among others, lay down the provisions for the health, safety
and welfare of workers in coal, oil and metal mines.
World Portuguese language day 2022: 05th May
The date of 5 May was officially established in 2009 by the Community of
Portuguese-speaking Countries (CPLP) - an intergovernmental organization that
has been in official partnership with UNESCO since 2000, and which brings
together peoples with the Portuguese language as one of the foundations of
their specific identity - to celebrate the Portuguese language and Lusophone
cultures. In 2019, the 40th session of
UNESCO's General Conference decided to proclaim 5 May of each year as
"World Portuguese Language Day".
OBITUARY
Journalist Pawan Jaiswal, who exposed
roti-salt mid-day meal in UP school, dies of cancer
Journalist Pawan Jaiswal, who had filmed students at a government school
in Uttar Pradesh eating rotis with salt as their mid-day meal in 2019, passed
away after battling oral cancer. The journalist was struggling to pay for his
treatment and had appealed for funds last month. "Deeply saddened to hear
about the untimely demise of this honest...journalist," tweeted Urmila
Matondkar.
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