Current Affairs 06 May 2024 & Test | Latest News & Updates

Current Affairs 06 May 2024 & Test | Latest News & Updates

 

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  1. Which medal has been won by ‘Palak Gulia’ in the ISSF Final Olympic Qualification Championship?

 

  1. Silver medal
  2. Gold medal
  3. Bronze medal
  4. None of these

Show The Answer

3. Bronze medal

2. Which has become the first country in the world to introduce a new vaccine against ‘meningitis’?

 

  1. Malaysia
  2. Nigeria
  3. USA
  4. Singapore

Show The Answer

2. Nigeria

3. Which state has topped in implementing the ‘Green Credit Programme’ of the Central Government?

  1. Tamil Nadu
  2. Maharashtra
  3. Uttar Pradesh
  4. Madhya Pradesh

Show The Answer

4. Madhya Pradesh

4. How much renewable energy capacity has been added by India setting a new record in the financial year 2023-24?

 

  1. 18.48 gigawatt
  2. 12.48 gigawatt
  3. 20.50 gigawatt
  4. 24.60 gigawatt

Show The Answer

  1. 18.48 gigawatt

5. How many million tonnes of coal production target has the government set for FY25?

 

  1. 169
  2. 170
  3. 171
  4. 172

Show The Answer

2. 170

6. Who will launch the European Space Agency’s ‘Proba-3 Mission’?

 

 

  1. Jaxa
  2. NASA
  3. ISRO
  4. Spacex

Show The Answer

3. ISRO

7. Who has announced to conduct war exercise ‘Mission Victus Hedge’ for the first time in space?

 

  1. Canada
  2. USA
  3. China
  4. Russia

Show The Answer

2. USA

8. Where has DRDO and Indian Army successfully tested the indigenous ‘MPATGM’?

 

  1. Odisha
  2. Gujarat
  3. Goa
  4. Rajasthan

Show The Answer

4. Rajasthan

9. Causes of artificial rain: Where have outbreaks of floods been seen?

 

  1. Canada
  2. UAE
  3. Iraq
  4. Kuwait

Show The Answer

2. UAE

10. Where was ‘Biscuit Jatra Mahotsav’ 2024 organized recently?

 

  1. Nepal
  2. Germany
  3. Israel
  4. Netherlands

Show The Answer

  1. Nepal

 

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Some lines of current affairs 06 May 2024 news

National

Flying Wedge Defence and Aerospace introduced the FWD-200B, India’s first homemade Bomber UAV.

Bengaluru-based Flying Wedge Defence and Aerospace Technologies Pvt. Ltd. launched India’s first indigenous military bomber drones, the Unmanned Combat Aerial Vehicle (UCAV) named FWD-200B.

This drone enhances national defense, reduces reliance on imports, and supports the Make in India initiative.

Key Points:
  • FWD-200B is a domestically designed and manufactured Medium-Altitude, Long-Endurance (MALE) UCAV.
  • It can fly for 12-20 hours, reaching a maximum speed of 200 knots (370 km/h), with a ground control station (GCS) range of 200 km.
  • With a payload capacity of 100 kg and a maximum takeoff weight of 498 kg, it carries optical surveillance payloads and precision air-strike weapons.

The drone is priced at Rs 25 crores, significantly lower than imported drones like the US Predator, making it more accessible and cost-effective for India’s defense needs.

Note:
  • In 2023, FWDA secured DGCA type certification for indigenous UAV technology.
  • They’ve deployed drones for Indian Prime Minister’s protection in collaboration with SPG and L&T.

Fship Logistics partners with India Post for e-commerce deliveries.

Fship Logistics, a tech-driven platform, teams up with India Post to improve last-mile delivery for online shopping, helping small businesses across India.

Goal:

This partnership aims to make deliveries more affordable, especially in rural areas with limited logistics.

Fship will also meet the rising demand for delivery services.

Key Points:
  • Fship now delivers nationwide, even to remote areas where India Post is the main courier.
  • They’ll blend their systems, offering full shipping solutions, including pickup and tracking.
Market Trends:
  • India’s logistics market is expected to grow by 8.8% yearly, reaching $484.43 billion by 2029.
  • E-commerce is projected to hit $18.81 trillion by 2029, with a 15.80% yearly growth.

Note: India Post is India’s government-run postal service, widely spread and managed by the Ministry of Communications.

C-DAC made a Thermal Camera, now CP Plus has it. Meity released an ITS Booklet.

The Thermal camera, created by C-DAC in Kerala and transferred to CP PLUS, aligns with the Innovation, Science, and Technology focus of Viksit Bharat @2047.

It features a built-in Data Processing Unit for AI analytics, benefiting Smart cities, Industries, Defence, and Health sectors. MeitY also introduced the Intelligent Transportation System (ITS) Technology/Product Booklet at the same event.

This booklet showcases technologies for Traffic control, Public Transit, Road Safety, and Traffic Sensors developed under MeitY’s Intelligent Transportation Systems Endeavour (InTranSE) program.

Additionally, IFFCO gains FCO Approval for Nano Zinc Liquid and Nano Copper.

IFFCO has gotten FCO approval for Nano Zinc Liquid and Nano Copper Liquid fertilizers.

IFFCO has gained approval under the Fertiliser Control Order (FCO) to introduce IFFCO Nano Zinc (Liquid) and IFFCO Nano Copper (Liquid) fertilisers, aimed at addressing zinc and copper deficiencies in crops and enhancing agricultural productivity.

The Government of India has endorsed IFFCO Nano Zinc (Liquid) and IFFCO Nano Copper (Liquid) for a period of 3 years. Zinc and copper play vital roles as micronutrients in plant enzyme functions: zinc supports plant growth and development, while copper aids in chlorophyll production and seed formation.

These fertilisers will alleviate zinc and copper deficiencies in crops, leading to improved yield and quality, and tackling malnutrition issues. This launch expands IFFCO’s range of liquid fertiliser products based on nanotechnology to five, including IFFCO Nano Urea, Nano Di-Ammonia Phosphate (DAP), and Nano Urea Plus, now accessible to farmers.

Banking & Finance

The RBI has updated banks’ rules for T+1 settlement in the capital market.

  • On May 3, 2024, the Reserve Bank of India (RBI) updated rules for custodian banks issuing Irrevocable Payment Commitments (IPCs) to align with the T+1 settlement system for stocks. Custodian banks’ maximum intraday risk when issuing IPCs will be limited to 30% of the settlement amount, counted as capital market exposure (CME).
  • On May 2, 2024, RBI removed restrictions on Bajaj Finance Limited’s Insta EMI Card and its e-commerce platform, eCOM.
About Reserve Bank of India (RBI):
  • Governor: Shaktikanta Das
  • Deputy Governors: Swaminathan Janakiraman, Michael Debabrata Patra, M. Rajeshwar Rao, T. Rabi Sankar
  • Established: April 1, 1935
  • Headquarters: Mumbai, Maharashtra

SEBI introduces new rules for Stock Exchanges to oversee Registered Advisers and Investment Advisers.

On May 2, 2024, SEBI (Securities and Exchange Board of India) introduced a new framework for overseeing Research Analysts (RAs) and Investment Advisers (IAs). Recognized stock exchanges will now serve as RAASBs (Research Analyst Administration and Supervisory Bodies) and IAASBs (Investment Adviser Administration and Supervisory Bodies) to manage and supervise RAs and IAs respectively.

This framework is in line with the recent amendments made on April 26, 2024, through the ‘Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) (Amendment) Regulations, 2024.’ Regulation 38A now allows recognized stock exchanges to carry out administration and supervision activities, subject to certain conditions. The new rules will come into effect on July 25, 2024.

SEBI’s authority to implement these regulations stems from Section 11(1) of the SEBI Act, 1992, along with regulation 14 of RA Regulations and IA Regulations. The aim is to safeguard investor interests and foster the growth of the securities market.

Key Points:
  • Stock Exchanges are designated as RAASBs and IAASBs under Regulation 14 of the RA Regulations and IA Regulations.
  • To streamline operations and enhance efficiency, RAASBs and IAASBs must be the same stock exchange.
  • Requirements for recognition include:
    • Operational history of at least 15 years.
    • Minimum net worth of Rs 200 crore.
    • Presence of nationwide terminals and investor service centers in 20 cities.
    • Provision of a grievance redressal mechanism, including online dispute resolution.
About SEBI:
  • Chairperson: Madhabi Puri Buch
  • Headquarters: Mumbai, Maharashtra
  • Establishment: 1992

ADB agreed to provide $5 billion for ADF 14 and TASF 8.

The Asian Development Bank (ADB) and donors have agreed to replenish the Asian Development Fund (ADF) 14 and Technical Assistance Special Fund (TASF) 8 with USD 5 billion. This decision was made during the 57th Annual Meeting held in Georgia, USA.

Key points:
  • ADF 14, the 13th replenishment cycle, will support grant operations from 2025 to 2028.
  • TASF 8 will provide grants for project preparation, capacity building, and technical or policy advice.
About Asian Development Fund (ADF):
  • Established in 1974, ADF is ADB’s largest source of grants for operations in the poorest and most vulnerable developing member countries, replenished every four years.
  • Objective: Eradicate poverty and enhance the quality of life in the Asia-Pacific region’s poorest and most vulnerable countries.
Significance of ADF 14:
  • ADF 14 is 22% higher than ADF 13, totaling USD 4.1 billion, providing the largest-ever volume of ADF grants to eligible ADB members.
  • Around 51% of the replenishment (USD 2.5 billion) will be funded by donors, including two new countries: Armenia and Georgia.
  • ADB’s net income transfer to ADF will increase by 35%, from USD 1.2 billion in ADF 13 to USD 1.6 billion in ADF 14.
  • Additionally, ADB intends to provide USD 16.7 billion in concessional loans during the ADF 14 period.
Additional info:
  • ADF 14 will prioritize assistance to small island developing states vulnerable to climate change and countries in fragile and conflict-affected situations.
  • It will continue to support climate change adaptation and disaster risk reduction.
Donors of ADF 14: (list provided)

About Technical Assistance Special Fund (TASF):

  • TASF provides technical assistance grants to borrowing members for project preparation and technical or policy studies.
  • All ADB developing member countries are eligible for support from the fund.
About Asian Development Bank (ADB):
  • President: Masatsugu Asakawa (Japan)
  • Headquarters: Mandaluyong City, Manila, Philippines
  • Member Nations: 68, with 49 from the Asia-Pacific region
  • Established in 1966

Appointments & Resignations

Atanu Chakraborty has been reappointed as the Part-Time Chairman and Independent Director of HDFC Bank.

Atanu Chakraborty has been reappointed as Part-Time Chairman of HDFC Bank Limited by the Reserve Bank of India (RBI) for a three-year term starting from May 5, 2024, to May 4, 2027. The HDFC Bank’s Board of Directors has also endorsed his reappointment as Part-Time Chairman and Independent Director for the same duration. Chakraborty has held these positions since 2021.

About Atanu Chakraborty:
  • Chakraborty, a 1985 batch Indian Administrative Service (IAS) officer of Gujarat cadre, retired as Secretary of the Department of Economic Affairs, Ministry of Finance in April 2020.
  • He has previously served as Secretary of the Department of Investment and Public Asset Management (DIPAM) and as Joint Secretary in the Department of Expenditure in the Ministry of Finance.
  • Chakraborty has represented India on the Board of the World Bank as an alternate Governor and has been a member of the Central Board of Directors of RBI.
  • He has chaired the National Infrastructure Investment Fund (NIIF) and held executive roles at the Gujarat State Petroleum Corporation Limited (GSPC) group of companies and Gujarat State Fertilizers and Chemicals Limited.
About HDFC Bank Ltd:
  • MD and CEO: Sashidhar Jagdishan
  • Headquarters: Mumbai, Maharashtra
  •  Established: August 1994
  • Tagline: We Understand Your World

The RBI has approved Sanjeev Nautiyal as the next MD & CEO of Ujjivan SFB.

The Reserve Bank of India (RBI) has approved Sanjeev Nautiyal as the Managing Director & CEO of Ujjivan Small Finance Bank Limited (Ujjivan SFB) for three years, starting July 1, 2024. Before officially taking over, he will join as President temporarily.

About Sanjeev Nautiyal:
  • With over 30 years in banking, he brings extensive experience.
  • Previously, he held roles such as Deputy MD at State Bank of India (SBI) and MD/CEO at SBI Life Insurance.
  • Currently, he serves as an Independent Director at Life Insurance Corporation of India (LIC) and advises various organizations.
About Ittira Davis:

Ittira Davis, the current MD/CEO, has been reappointed for two years, beginning January 14, 2023.
He previously served as MD/CEO from July 2018 to March 2021 and was reappointed in January 2022 for one year.

Note: Ittira Davis will step down before his original term ends.

About Ujjivan Small Finance Bank Limited (Ujjivan SFB):
  • Part-Time Chairman: Banavar Anantharamaiah Prabhakar
  • Headquarters: Bengaluru, Karnataka
  • Established: 2017
  • Tagline: Build a Better Life

Mallika Nadda named Chair of Special Olympics Asia-Pacific Advisory Council.

Dr. Mallika Nadda, currently the President of Special Olympics Bharat (India), has been appointed Chairperson of the Special Olympics Asia-Pacific Advisory Council (APAC) for a three-year term starting from May 1, 2024, until March 31, 2027.

Responsibilities:
  • As APAC Chairperson, Dr. Mallika Nadda will represent the Special Olympics Asia Pacific region, comprising 34 countries.
  • She will also serve as the representative of Special Olympics Bharat within the APAC, as it is a permanent member.
About Dr. Mallika Nadda:
  • Dr. Mallika Nadda has been leading Special Olympics Bharat since 2021 and is associated with Himachal Pradesh University, Shimla.
  • She is recognized as a prominent social activist, advocating for the differently-abled, underprivileged, and women’s empowerment for over three decades.
  • Dr. Nadda established Chetna Sanstha in Bilaspur, Himachal Pradesh, and is a founding member of Viklang Seva Bharti in Jabalpur, Madhya Pradesh.
  • She organized India’s inaugural National Health Festival for Divyangjan on April 7, 2022, across 139 locations, earning Special Olympics Bharat a place in the Guinness Book of World Records for the most people running in place simultaneously at multiple venues.
Awards and Recognition:
  • Dr. Mallika Nadda received the Rajiv Gandhi Manav Seva Award in 2010 from the Ministry of Women and Child Development for her contributions to child development.
  • She was honored with the Derozio Award in 2011 for her achievements in education and human enrichment.
Additional Information:
  • Dipak Natali serves as the Regional President and Managing Director of Special Olympics Asia-Pacific.
  • Special Olympics Bharat, established in 2001 and accredited by Special Olympics International, operates as a National Sports Federation under the Indian Trust Act 1882.
  • Special Olympics, founded in 1968, is a global organization dedicated to serving athletes with intellectual disabilities, with Air Marshal Denzil Keelor as its founder and Dr. Mallika Nadda as its current President. The headquarters is located in New Delhi, Delhi.

Dr. Subhransu Sekhar Acharya has become the CMD of NSIC.

On May 2nd, 2024, Dr. Subhransu Sekhar Acharya became the Chairman-cum-Managing Director (CMD) of the National Small Industries Corporation Limited (NSIC), a Government of India Enterprise under the Ministry of Micro, Small, and Medium Enterprises (MoMSME), replacing Vipul Goel, who held the additional charge since July 2023.

Before this role, Dr. Acharya served as the Chief General Manager at the Small Industries Development Bank of India (SIDBI) in New Delhi since 2022.

Dr. Acharya has extensive experience in MSME financing, risk management, SME rating, and business planning spanning over three decades. He was a founding member of India’s first SME rating agency, SMERA Ratings Private Limited, and served as CEO of India SME Technology Services Ltd (ISTSL), promoted by SIDBI and four other commercial banks.

He also held directorships at India SME Technology Services Ltd., National Backward Classes Finance & Development Corporation, and Delhi Finance Corporation.

The National Small Industries Corporation Ltd. (NSIC) is an ISO 9001-2008 certified Government of India Enterprise under MoMSME. It operates the B2B e-commerce platform MSME Global Mart for MSMEs.

Established in 1955, NSIC is headquartered in New Delhi, Delhi, with Dr. Subhransu Sekhar Acharya as its CMD.

Vice-Admiral Krishna Swaminathan took over as Vice-Chief of Naval Staff.

On May 1, 2024, Vice Admiral Krishna Swaminathan became the Vice Chief of Naval Staff, taking over from Admiral Dinesh K Tripathi, who became the Chief of Naval Staff. Previously, Swaminathan served as Chief of Personnel at Naval Headquarters in New Delhi.

Here’s a brief overview of Vice Admiral Krishna Swaminathan:
  • Commissioned into the Indian Navy in July 1987, specializing in Communication and Electronic Warfare.
  • Received the Ati Vishisht Seva Medal in 2021 and the Vishisht Seva Medal.
  • Held positions such as Chief of Staff of the Western Naval Command and Controller of Personnel Services at Naval Headquarters.
  • Served as the Flag Officer Commanding the Western Fleet.
  • Appointed as the Flag Officer for the Offshore Defence Advisory Group and as an Advisor for Offshore Security and Defence to the Government of India.

Science & Technology

HyImpulse, a German company, sent a candle wax-powered rocket on a test flight into space.

On May 3rd, 2024, the German private space company HyImpulse successfully test-launched a candle wax-powered rocket named “SR75” from a launch site in Koonibba, South Australia. This marked the first time a rocket carried commercial satellites on a test suborbital flight into space.

Key Features:
  • The test rocket is 12 meters long and weighs around 2.5 tons, functioning as a single-stage rocket.
  • It can carry satellites weighing up to 250 kg to an altitude of 250 kilometers.
  • The rocket is powered by a combination of paraffin (candle wax) and liquid oxygen.
  • Paraffin is chosen for its cost-effectiveness, potentially reducing transportation costs by 50% and offering a safer fuel alternative for rockets.
Additional Notes:
  • HyImpulse plans to launch “SL-1,” a larger multi-stage rocket capable of carrying satellites weighing up to 600 kg and deploying them into Low Earth Orbit (LEO) by the end of 2025.
  • The company aims to stimulate demand for commercial satellites, targeting annual sales worth 700 million euros by 2032.

Important Days

International Firefighters’ Day 2024, May 4

International Firefighters’ Day (IFFD) is celebrated worldwide on May 4 to recognize the bravery and commitment of firefighters in protecting communities and the environment.

IFFD also pays tribute to those who have lost their lives while serving as firefighters and expresses gratitude for the ongoing dedication of firefighting professionals.

May 4 is also known as St. Florian’s Day, named after St. Florian, the patron saint of firefighters and a former Roman Army officer.

Some important points:
  • IFFD was established to honor the memory of five firefighters who tragically lost their lives battling a wildfire in Linton, Australia in 1998. The firefighters were Garry Vredeveldt, Chris Evans, Stuart Davidson, Jason Thomas, and Matthew Armstrong from Geelong West, Australia.
  • On January 4, 1999, JJ Edmondson, a volunteer Lieutenant and firefighter in Australia, proposed the idea of observing IFFD on May 4.
  • The first IFFD was commemorated on May 4, 1999.

International Leopard Day 2024: May 3

International Leopard Day is observed annually on May 3rd worldwide to raise awareness about conserving and protecting leopards, the most adaptable big cats, and their habitats.

  • Leopards are classified as “Vulnerable” on the IUCN Red List, with some subspecies considered Critically Endangered.
  • India hosts 13,874 leopards, with Madhya Pradesh having the highest population of 3,907, followed by Maharashtra, Karnataka, and Tamil Nadu.
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