Current Affairs 09 May 2024 & Test | Latest News & Updates

Current Affairs 09 May 2024 & Test Latest News & Updates

 

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  1. Where have the researchers of IIT Roorkee discovered the fossil of the world’s largest snake ‘Vasuki Indicus’?

 

  1. Maharashtra
  2. Gujarat
  3. Kerala
  4. Karnataka

Show The Answer

2. Gujarat

2. Rezwana Chaudhary, recently awarded the Padma Shri award, belongs to which country?

 

  1. Bangladesh
  2. Bhutan
  3. Nepal
  4. Maldives

Show The Answer

  1. Bangladesh

3. Which tribal group of Andaman and Nicobar has voted for the Lok Sabha 2024 for the first time?

  1. Great Andamanese
  2. Onge
  3. Shompen
  4. Jarawa

Show The Answer

3. Shompen

4. When is World Book and Copyright Day 2024 observed?

 

  1. 22 April
  2. 21 April
  3. 20 April
  4. 23 April

Show The Answer

4. 23 April

5. Where is the biggest temple festival ‘Thrissur Pooram 2024’ held?

 

 

  1. Karnataka
  2. Kerala
  3. Tamil Nadu
  4. Odisha

Show The Answer

2. Kerala

6. Lawrence Wong has been appointed the new Prime Minister of which country?

  1. Singapore
  2. Vietnam
  3. Malaysia
  4. None of these

Show The Answer

  1. Singapore

7. Who has recently been named Young Global Leader in WEF’s Class of 2024?

 

  1. Sumit Singh
  2. Dilip Garg
  3. Advaita Nair
  4. None of these

Show The Answer

3. Advaita Nair

8. Which team has recently made the record of scoring most runs in IPL?

 

  1. Sun Risers Hyderabad
  2. RCB
  3. Mumbai Indians
  4. None of these

Show The Answer

  1. Sun Risers Hyderabad

9. In which country ‘Hybrid Pitch Dharamshala’ will be constructed?

 

  1. Niger
  2. India
  3. Afghanistan
  4. Pakistan

Show The Answer

2. India

10. How many Indians have got a place in Time Magazine’s 100 Most Influential List of 2024?

 

  1. 7
  2. 8
  3. 9
  4. 10

Show The Answer

2. 8

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Some lines of current affairs 09 May 2024 news

National

Dr. Arunish Chawla, the Secretary of the Department of Pharmaceuticals, launches the Meditech Stackathon 2024 with CII in New Delhi.

On May 7, 2024, Dr. Arunish Chawla, Secretary of the Department of Pharmaceuticals (DoP), Ministry of Chemicals and Fertilizers (MoC&F), launched the Meditech Stackathon 2024 in collaboration with the Confederation of Indian Industry (CII) in New Delhi, Delhi.

The Stackathon aims to transform India’s MedTech sector by analyzing key aspects of medical device production, promoting innovation, and reducing reliance on imports to enhance self-sufficiency in healthcare.

What will be done under Stackathon?

Participants will examine various product segments, identify key stakeholders, and address challenges such as import reliance, regulatory issues, and technological gaps. The Stackathon includes 8 focused groups covering areas like Cancer Therapy, Imaging, Critical Care, and Surgical Instruments, each with specific tasks like device identification and import-export analysis.

Key Points:

  • India’s MedTech industry is forecasted to grow at 28% annually, reaching USD 50 billion by 2030.
  • India ranks 4th in Asia and in the top 20 globally in the medical devices market.
  • Net imports for 2022-23 amounted to USD 4.1 billion, with an import coverage ratio of 0.45.
  • Maintaining quality standards is vital for global competitiveness.
  • Exports of consumables and disposables exceeded imports in 2023.

The Western Command and the Indian Air Force (IAF) held a joint exercise called Gagan Strike-II in Punjab.

On May 7, 2024, the Kharga Corps, based in Ambala, Haryana, part of the Indian Army’s Western Command, teamed up with the Indian Air Force (IAF) for Gagan Strike-II, a three-day joint exercise in Punjab.

Lieutenant General Manoj Kumar Katiyar, overseeing the Western Command, reviewed the exercise, which aimed to improve procedures and test attack helicopters’ effectiveness in varied terrains.

Key Points:

  • Gagan Strike-II featured Apache and Advanced Light Helicopter-Weapon System Integrated (ALH-WSI), unarmed aerial vehicles, and Army Special Forces.
  • The exercise focused on checking how well attack helicopters could assist in mechanized operations.
  • They practiced both centralized and decentralized attack helicopter missions, with support from other forces.
  • Ground commanders used aerial assets, like drones, to better understand the situation and destroy targets.
  • The exercise ensured smooth teamwork between ground and aerial units for joint operations, meeting specific goals.

Infosys has obtained ISO 42001:2023 certification for its AI management system.

Infosys recently earned ISO/IEC 42001:2023 Certification for its Artificial Intelligence Management System (AIMS), marking a significant achievement as one of the first global IT service providers to receive this recognition. The certification, granted by TUV India, underscores Infosys’ dedication to responsible AI practices and regulatory compliance.

Implemented within the Topaz Responsible AI Suite, Infosys’ AIMS framework ensures the monitoring and safeguarding of AI models and systems, fostering responsible AI adoption across enterprises. This certification demonstrates Infosys’ commitment to accountable AI initiatives and risk management, offering a structured approach to AI management for enhanced efficiency and accountability.

Key Points:

  • Infosys’ AIMS framework is part of its Topaz Responsible AI Suite, promoting responsible AI practices and regulatory compliance.
  • The certification signifies Infosys’ commitment to responsible AI initiatives and risk mitigation.
  • ISO 42001:2023 certification enhances efficiency and accountability in AI management.

About Infosys:

  • CEO and Managing Director: Salil Parekh
  • Headquarters: Bengaluru, Karnataka
  • Establishment: 1981

International

Henley & Partners’ 2024 Wealthiest Cities Report: New York Takes the Lead.

According to the 2024 World’s Wealthiest Cities Report by Henley & Partners, New York City remains the wealthiest globally. California’s Bay Area comes in second, followed by Tokyo, Singapore, and London in third, fourth, and fifth places respectively.

Key Points:

  • Mumbai and Delhi are the only Indian cities in the top 50.
  • The USA leads with 11 cities in the top 50, making it the richest country.
  • China dominates the list with five mainland cities, along with Hong Kong and Taipei.
  • Shenzhen in China has experienced the fastest growth in millionaires, with a 140% increase in the past decade.

About Henley & Partners

  • CEO: Dr. Juerg Steffe
  • Headquarters: London, UK

In 2022, India received more than $111 billion in remittances, according to the UN’s International Organization for Migration (IOM).

On May 7, 2024, the International Organization for Migration (IOM), a United Nations agency, published the “World Migration Report 2024.” It disclosed that India received more than $111 billion in remittances in 2022, making it the first country to surpass the $100 billion mark. International remittances saw a 650% increase, rising from $128 billion to $831 billion between 2000 and 2022.

Key Points:

  • The top five countries receiving the highest remittances in 2022 were India, Mexico, China, the Philippines, and France.
  • India ranked first, with Pakistan at sixth and Bangladesh at eighth, among the top 10 recipients of international remittances worldwide.
  • The United States of America (USA) is the primary destination for international mobile students.

About the International Organization for Migration (IOM):

  • Director General: Amy Pope
  • Headquarters: Geneva, Switzerland
  • Established: 1951
  • Member States: 175 member states and 8 observers

World Bank Report: To cut agrifood emissions in half by 2030 and reach net zero by 2050, yearly investments of $260 billion are required.

The World Bank’s report “Recipe for a Livable Planet: Achieving Net Zero Emissions in the Agrifood System” suggests that annual investments need to increase significantly, up to USD 260 billion a year, to halve current agrifood emissions by 2030 and reach net zero emissions by 2050.

This report is the first global strategic framework to tackle the contribution of the agrifood system to climate change, highlighting actionable steps to reduce greenhouse gas emissions while maintaining global food production. Notably, it points out that twice as much money is spent annually on agricultural subsidies, many of which harm the environment.

Key findings include:

  • The global agrifood system has the potential to cut nearly one-third of global greenhouse gas emissions through accessible measures.
  • These actions can improve food security, resilience against climate change, and protect vulnerable populations.
  • Emissions from agrifood must reach net zero by 2050 to meet the 1.5°C target, highlighting its crucial role in global climate goals.
  • The benefits in health, economic, and environmental terms could be substantial, with estimates suggesting a return on investment of 16-to-1 by 2030, amounting to USD 4.3 trillion.

Challenges include:

  • Agrifood contributes significantly to climate change, accounting for almost one-third of global emissions, which is about one-sixth more than all of the world’s heat and electricity emissions combined.
  • Developing countries bear the brunt of agrifood emissions, requiring action across all income levels. A comprehensive approach to addressing emissions from value chains and land use change is necessary.

Regarding financial constraints:

Only 2.4% of total mitigation finance is currently allocated to reducing agrifood emissions, indicating a lag in funding for climate action in this sector.

India’s contribution and challenges include:

  • In India, 60% of agrifood emissions come from the farm gate, with the livestock sector being a major contributor.
  • Despite low emission intensity in rice production, India’s scale of production still results in considerable emissions.

Banking & Finance

Canara HSBC Life Insurance launches Promise4Growth Plan.

On May 6, 2024, Canara HSBC Life Insurance Company Limited unveiled Promise4Growth, a fresh Unit Linked Insurance Plan (ULIP) tailored for customers seeking financial stability and growth.

This product provides three plan options: Promise4Wealth, Promise4Care, and Promise4Life, each catering to various savings goals and life stages.

Also on May 6, 2024, ICICI Prudential Life Insurance Company Limited, a leading private insurer in India, introduced its inaugural ULIP named ICICI Pru Platinum. This ULIP aims to align distributor commissions with the customer’s fund value, bridging the gap between distributor interests and policyholder benefits.

About Canara HSBC Life Insurance Company Limited:

  • MD & CEO: Anuj Mathur
  • Headquarters: Gurugram, Haryana
  • Established: 2008

Setu introduces Sesame, India’s first specialized LLM for the BFSI sector.

Setu, a division of Pine Labs, introduced Sesame, India’s inaugural Large Language Model (LLM) tailored for the Banking, Financial Services, and Insurance (BFSI) sector, in partnership with Sarvam Artificial Intelligence (AI).

This unveiling took place at Adbhut India, hosted by People+ai, with prominent figures like Nandan Nilekani, Infosys co-founder, and Shankar Maruwada in attendance.

Key Points:

  • Developed in collaboration with Sarvam AI, Sesame is a domain- and region-specific LLM trained on custom BFSI data, aiming to improve credit decision-making and offer personalized financial services.
  • Setu endeavors to empower BFSI customers with intelligent credit decisions and personalized financial services.
  • Sesame employs data for creditworthiness assessment, customer profiling, and improving financial processes such as credit underwriting and fraud detection.
  • Setu and Sarvam AI ensure data and model sovereignty by locally storing and processing information.

About Sarvam.ai:

  • Co-Founders: Dr. Vivek Raghavan and Dr. Pratyush Kumar
  • Headquarters: Bengaluru, Karnataka

FPSB India and IFSCA signed an MoU to boost GIFT-IFSC as a global finance hub.

The Financial Planning Standards Board (FPSB) India and the International Financial Services Centres Authority (IFSCA) signed an MoU to boost the International Financial Services Centre (IFSC) in GIFT City, Gujarat. Their goal is to develop GIFT City into a global finance hub.

This partnership aims to enhance the financial market ecosystem and cultivate skilled professionals to meet the growing demands of GIFT City’s workforce. The MoU focuses on supporting talent pipelines, developing the ecosystem, conducting promotional activities, and collaborating on research.

FPSB India is the primary organization in India dedicated to establishing, maintaining, and promoting professional standards in financial planning nationwide. Key details about FPSB India include:

  • CEO: Krishan Mishra
  • Headquarters: Mumbai, Maharashtra

Economy & Business

AGEL signed a 20-year agreement with the Government of Sri Lanka for wind power stations.

The Sri Lankan government signed a 20-year agreement with Adani Green Energy Limited (AGEL) to build wind power stations. AGEL will receive 8.26 cents per kilowatt-hour. The stations will be set up in Mannar and Poonerin. A negotiation committee was formed by the Sri Lankan government to assess AGEL’s project. In February 2023, AGEL got approval to invest $442 million for 484 MW wind power plants in Northern Sri Lanka.”

“Sri Lanka’s capital is Sri Jayawardenepura Kotte (Legislative Capital) and Colombo (Judicial and Executive Capital). The President is Ranil Wickremesinghe, and the currency is the Sri Lankan Rupee (LKR).

Awards & Recognitions

In 2024, ProPublica won a Pulitzer Prize for Public Service in Journalism.

On May 6, 2024, the Pulitzer Board announced the winners of the 108th Pulitzer Prize (2024) in categories including Journalism, Books, Drama, Music, and Special Citations.

The Pulitzer Prize is the highest national honor in the USA for journalism, literature, and music composition.

Key Highlights

  • ProPublica received the 2024 Pulitzer Prize in Journalism for Public Service.
  • Hannah Dreier of The New York Times won the 2024 Pulitzer Prize in Journalism for Investigative Reporting.
  • David E. Hoffman of The Washington Post won the 2024 Pulitzer Prize in Journalism for Editorial Writing.
  • The Photography Staff of Reuters won the 2024 Pulitzer Prize in Journalism for Breaking News Photography.

Appointments & Resignations

Scotland’s Parliament chose John Swinney as its first minister.

On May 7, 2024, the Scottish Parliament elected John Ramsay Swinney, leader of the Scottish National Party (SNP), as Scotland’s 7th First Minister. He takes over from Humza Haroon Yousaf, who formally stepped down on the same day. Swinney will be officially appointed by a Royal Warrant from King Charles III of the United Kingdom.

Background:

  • Swinney was chosen as First Minister through a vote in the Scottish Parliament, with 64 members voting in favor out of 121 total, and seven abstentions.
    About John Swinney:
  • John Swinney, aged 60, was born on April 13, 1964, in Edinburgh, Scotland. He joined the Scottish National Party (SNP) in 1979.
  • He served as a Member of Parliament (MP) for North Tayside in Westminster from 1997 and then as a Member of the Scottish Parliament (MSP) for Tayside North from 1999.
  • Swinney was the SNP’s deputy leader from 1998 to 2000 and its leader from 2000 to 2004.
  • He held various Cabinet positions, including Cabinet Secretary for Finance, Employment, and Sustainable Growth from 2011 to 2014.
  • Swinney served as Deputy First Minister from 2014 to 2023, making him the longest-serving Deputy First Minister in UK devolution history.
  • He also held roles as Cabinet Secretary for Finance, Constitution, and Economy from 2014 to 2016, Cabinet Secretary for Education and Skills from 2016 to 2021, and Cabinet Secretary for Covid Recovery from 2021 to 2023.

About Scotland:

  • First Minister: John Ramsay Swinney
  • Capital: Edinburgh
  • Currency: Pound Sterling

Acquisitions & Mergers

CCI has approved the purchase of more shares in Sikkim Urja Limited.

On May 7, 2024, the Competition Commission of India (CCI) gave the green light for Greenko Energies Private Limited to acquire more shares in Sikkim Urja Limited (formerly Teesta Urja Limited).

Sikkim Urja, a special purpose vehicle, was set up to execute a 1200 MW hydro power project in North Sikkim, India, consisting of 6 units of 200 MW each.

The CCI approval allows Greenko Energies to boost its ownership in Sikkim Urja, strengthening its position in India’s renewable energy sector.

Note: Greenko Energies, an Indian company, is a subsidiary of Greenko Mauritius, a limited liability company.

Sports

Coca-Cola India teams up with Hockey India for the first time to support the National Women’s Hockey League.

Anandana, the Coca-Cola India Foundation, announced its first partnership with Hockey India for the 2024-2025 National Women’s Hockey League, aimed at improving women’s hockey. The objective is to enhance coaching, provide training equipment, offer nutritional support, and organize camps and competitions to promote growth.

This partnership also supports Coca-Cola India’s #SheTheDifference campaign, which celebrates and supports women.

About the National Women’s Hockey League 2024-2025:

  • The tournament’s first phase began on April 30, 2024, and will end on May 9, 2024, in Ranchi, Jharkhand.
  • It includes 8 teams: Haryana, Maharashtra, Jharkhand, Madhya Pradesh, Bengal, Mizoram, Manipur, and Odisha. These teams secured top-eight positions in the 14th Hockey India Senior Women National Championship 2024, held from March 13 to 23, 2024, in Pune, Maharashtra.

Important Days

World Asthma Day 2024 is on May 7th.

World Asthma Day (WAD) happens every year on the first Tuesday of May to raise awareness about asthma, a common chronic disease affecting both kids and adults.

In 2024, World Asthma Day was on May 7th, with the Global Initiative for Asthma (GINA) leading the annual event.

The theme for WAD 2024 is “Asthma Education Empowers.”

Background:

  • The first World Asthma Day was organized by GINA in 1998.
  • It coincided with the inaugural World Asthma Meeting in Barcelona, Spain, with representation from over 35 countries.

About Global Initiative for Asthma (GINA):

  • GINA was established in 1993 in partnership with the National Heart, Lung, and Blood Institute, National Institutes of Health, USA, and WHO.
  • MD and Chair: Arzu Yorgancioglu (TĂĽrkiye)
  • Headquarters: Wisconsin, USA

Border Roads Organisation celebrates its 65th Raising Day on May 7, 2024.

The Border Roads Organisation (BRO) celebrates its Raising Day on May 7 each year, honoring its founding in 1960. This day recognizes BRO’s personnel and encourages them to excel in building and maintaining roads and bridges along the border.

May 7, 2024, marks the 65th Raising Day of BRO.

Background:

  • BRO was established on May 7, 1960, to fortify India’s borders and develop infrastructure in remote areas of northern and northeastern states.
  • On March 14, 1960, the Union Cabinet formed the Border Roads Development Board (BRDB), chaired by the Prime Minister, to coordinate and execute road projects for development and defense needs.

In 1985, the BRDB was reconstituted with the Defense Minister as the chairman.

About Border Roads Organisation (BRO):

  • Director-General: Lt Gen Raghu Srinivasan
  • Headquarters: New Delhi, Delhi
  • Motto: “Shramena Sarvam Sadhyam” (Everything is achievable through hard work)

World Athletics Day 2024 – May 7

World Athletics Day is celebrated globally on May 7th each year to encourage youth participation in athletics, promoting physical activity and inspiring young people, including school children, to get involved in track and field sports.

Led by World Athletics, this year’s theme for World Athletics Day 2024 is the “World Mile Challenge.”

Background:

  • World Athletics Day was introduced by the International Association of Athletics Federations (IAAF), the governing body for track and field sports, as part of their social responsibility initiative called “Athletics for a Better World.”
  • The inaugural World Athletics Day took place on May 15th, 1996.

Kids’ Athletics Day:

  • Also observed annually on May 7th, Kids’ Athletics Day encourages children and young people to engage in sports, particularly athletics.
  • It is a key component of the World Athletics’ Kids’ Athletics program.

About World Athletics (IAAF):

  • Founded on July 17, 1912, in Stockholm, Sweden, after the closing ceremony of the Olympic Games.
  • President: Sebastian Coe
  • Headquarters: Monaco

 

 

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