Current Affairs 10 May 2024 & Test | Latest News & Updates

Current Affairs 10 May 2024 & Test Latest News & Updates

 

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  1. Where has NASA announced to send ‘Dragonfly rotorcraft mission’?

 

  1. Phobos
  2. Titan
  3. Enceladus
  4. Ganymede

Show The Answer

2.  Titan

2. Recently, the Parliament of which country has approved the bill to ban TikTok?

 

  1. Britain
  2. Canada
  3. USA
  4. Germany

Show The Answer

3. USA

3. Who is the first female footballer to be honored with the ‘Laureus World Sportswoman of the Year’ award recently?

  1. Aitana Bonmati
  2. Sam Kerr
  3. Salma parnuello
  4. keira walsh

Show The Answer

  1. Aitana Bonmati

4. Where was the sixth edition of the International Disaster Resilient Infrastructure Conference held?

 

  1. New Delhi
  2. Thimphu
  3. kathmandu
  4. Colombo

Show The Answer

  1. New Delhi

5. When has National Panchayati Raj Day-2024 been celebrated?

 

 

  1. 21 April
  2. 24 April
  3. 22 April
  4. 20 April

Show The Answer

2. 24 April

6. When is World Liver Day celebrated every year?

  1. 16 April
  2. 17 April
  3. 18 April
  4. 19 April

Show The Answer

4. 19 April

7. Who has been recently named as Wisden’s top cricketer?

 

  1. Rohit Sharma
  2. Babar Hasan
  3. Pat cummins
  4. Ashley Gardner

Show The Answer

3. Pat cummins

8. Who has recently written the memoir ‘Just a Miracle’?

 

  1. Medha Patkar
  2. Salman Rushdie
  3. Shaktikanta Das
  4. Duvvuri Subbarao

Show The Answer

4. Duvvuri Subbarao

9. Who has become the Additional Secretary of the Ministry of Statistics and Program Implementation?

 

 

  1. Shobhit Meena
  2. Saurabh Garg
  3. Rajak Pal
  4. Mahesh Garg

Show The Answer

2. Saurabh Garg

10. Recently the High Court of which state/UT has canceled the custody of the person under PSA 1978?

 

  1. Jammu and Kashmir
  2. Tamil Nadu
  3. Odisha
  4. Rajasthan

Show The Answer

  1. Jammu and Kashmir

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Some lines of current affairs 10 May 2024 news

National

India’s first large-scale commercial Battery Energy Storage System (BESS) project has been granted regulatory approval.

India’s first commercial standalone Battery Energy Storage System (BESS) project has been approved by the Delhi Electricity Regulatory Commission (DERC).

Developed by BSES Rajdhani Power Limited (BRPL) in collaboration with India Grid Trust (IndiGrid) and the Global Energy Alliance for People and Planet (GEAPP), the project will install a 20 MW/40 MWh BESS at BRPL’s Kilokari substation in Delhi.

Key Points about the BESS Project:

  • The project receives 70% of its funding from GEAPP’s concessional loan.
  • GEAPP aims to reach 1 GW of BESS commitments in India by 2026, aligning with India’s target of deploying 47 GW of BESS by 2032.
  • Operations are expected to start within 18 to 20 months.
  • The project incorporates advanced technologies for a cleaner energy future and offers cost-effective tariffs, 55% lower than the previous benchmark.

Significance:

  • The BESS project is crucial for integrating renewable energy into India’s distribution grid, particularly as certain regions exceed 12% in renewable energy penetration.
  • It includes a Monitoring, Evaluation, and Learning (MEL) plan to share insights with other distribution companies, regulators, and stakeholders across various regions.
  • Benefits to distribution companies include reduced power procurement costs, improved grid stability, and enhanced resource adequacy.
  • The project’s Special Purpose Vehicle (SPV), Kilokari BESS Private Limited, ensures attractive investment opportunities through fixed-capacity tariffs.

Additional Information:

  • GEAPP is a coalition involving philanthropic organizations, governments, and technology and financing partners.
  • IndiGrid is the first Infrastructure Investment Trust (InvIT) in India’s power sector.
  • BSES Rajdhani Power Limited (BRPL) is a joint venture between Reliance Infrastructure Limited (51%) and the Government of the National Capital Territory (NCT) of Delhi (49%).
  • CEO: Vineet Sikka
  • Headquarters: New Delhi, Delhi

ICG and JSP agreed to boost local content in shipbuilding.

On May 7, 2024, the Indian Coast Guard (ICG) and Jindal Steel & Power Limited (JSPL) signed a deal to ensure a steady supply of homegrown marine-grade steel for shipbuilding. The agreement specifies benefits like quality control, designated steel plants, and timely delivery to support shipbuilding efforts for the ICG.

This partnership underscores the importance of public-private collaborations in tackling security challenges. The signing took place in New Delhi, where Inspector General HK Sharma from ICG and SK Pradhan, Chief Marketing Officer of JSPL, finalized the deal.

A brief about the Indian Coast Guard (ICG): Established on February 1, 1977, its Director-General is Rakesh Pal, and its headquarters is located in New Delhi.

Springer Nature and DAE inked a deal to boost open research.

Springer Nature Group, a German-British academic publisher, made a deal with the Department of Atomic Energy (DAE), Government of India (GoI), to support open access and make research more accessible.

  • This agreement, the first of its kind between Springer Nature and the publicly funded DAE in India, aims to enhance interdisciplinary research.
  • Over 50 DAE-affiliated centers will gain access to read and publish in Gold Open Access (OA).
  • Gold OA allows articles to be freely accessed and reused upon publication in Springer Nature’s 2,000+ hybrid journals.

Note: Transformative Agreements (TAs) like this combine subscription access with open access publication costs, benefiting participating institutions.

International

India now ranks as the world’s third-largest solar power producer, surpassing Japan.

In 2023, according to Ember’s “Global Electricity Review 2024,” India became the world’s third-largest solar power producer, surpassing Japan. India generated 113 Terawatt-hour (TWh) compared to Japan’s 110 TWh. This is a significant jump from being 9th in solar energy deployment in 2015. India’s solar energy production increased from 0.5% in 2015 to 5.8% in 2023, marking a 17-fold increase. Wind energy also saw growth, rising from 2.5% to 4.2% in 2023.

Highlights:

  • India experienced the world’s fourth-largest increase in solar generation in 2023, growing by 18 TWh. China, the United States, and Brazil were ahead in growth.
  • In terms of installed power capacity, India ranked 5th globally with 73 GW, while Japan held third place with 83 GW.
  • Solar power contributed 5.5% to global electricity in 2023, while wind power provided 7.8%
  • Solar remained the fastest-growing electricity source globally for the 19th year, surpassing coal. Solar generation grew by 23%, outpacing wind at 9.8%.
  • Fluctuations in demand and local conditions affected actual power production compared to installed capacity.
  • As of May 2024, solar power constituted 18% of India’s installed electricity capacity (442 GW) but only 6.66% of actual production.
  • Globally, renewable energy contributed 30% to electricity production in 2023, driven mainly by solar and wind power, with China leading in both.
  • In 2023, India generated 78% (1,536 TWh) of its electricity from fossil fuels, higher than the global average of 61% and Asia’s regional average of 68%.

India was the world’s third-largest power sector emitter in 2023, emitting 1,404 million tonnes of CO2 from electricity generation, behind China and the US.
viii. India plans to triple its renewable capacity by 2030, aiming for 509 GW.

Climeworks opened the world’s largest direct air capture (DAC) plant, named ‘Mammoth,’ in Iceland.

On May 8, 2024, Swiss startup Climeworks AG opened the world’s largest operational Direct Air Capture and Storage (DAC+S) plant named “Mammoth” in Iceland. Mammoth will remove Carbon Dioxide (CO2) from the air and store it underground in rock form.

The Mammoth plant can capture up to 36,000 tons of CO2 annually. Here are some key points about Mammoth:

  • Mammoth is Climeworks’ second DAC+S plant, 10 times larger than Orca, the world’s first DAC+S plant opened in Iceland in 2021.
  • It’s designed in modules and will be finished by the end of 2024.
  • Mammoth consists of 72 collector containers, with 12 already installed on-site.
  • It’s projected to lower the cost of CO2 removal technology to $400-600 per ton by 2030 and $200-350 by 2040.

Mechanism:

  • Mammoth uses renewable geothermal energy for the air capture process, requiring low-temperature heat.
  • After CO2 is released from filters, it’s transported underground to react with basaltic rocks, naturally transforming into stone.

About Climeworks AG:

  • Co-CEOs and Co-Founders: Jan Wurzbacher, Christoph Gebald
  • Headquarters: Zurich, Switzerland

Iceland:

  • Capital: Reykjavik
  • Prime Minister: Bjarni Benediktsson
  • Currency: Icelandic Krona (IKR)

Banking & Finance

YES BANK and EBANX teamed up to boost international trade in India.

YES Bank Ltd, a prominent private sector bank in India, has partnered with EBANX to facilitate payment processing in India for the global digital economy. This collaboration aims to simplify cross-border payments and enhance international commerce opportunities for merchants worldwide and Indian customers.

The partnership focuses on:

  • Streamlining Cross-Border Payments:
    • Leveraging EBANX’s expertise in global payments and YES BANK’s digital capabilities.
    • Offering global merchants easy access to scalable payment solutions that comply with regulatory standards.
  • Innovative Solutions:
    • Providing a wide range of local payment methods, including Unified Payments Interface (UPI) and various card networks.
    • Offering efficient recurring payment transactions and mandate management services to help merchants navigate India’s evolving digital payments landscape.
  • Impact of the Strategic Partnership:
    • Leveraging technology and regulatory compliance to drive change and benefit merchants, consumers, and the digital ecosystem in India and beyond.
  • Key Points:
    • India ranks second globally in online shopping, with 350 million consumers.
    • A study forecasts an addition of 109 million individuals to the global consumer class, with India contributing one-third of this growth.
    • Despite India’s significance, only 9% of digital commerce transactions are cross-border.
  • About YES Bank Ltd (Youth Enterprise Scheme Bank):
    • MD and CEO: Prashant Kumar
    • Headquarters: Mumbai, Maharashtra
    • Established in: 2004
    • Tagline: Life Ko Banao Rich

NPCI releases guidelines for merchants on using BHIM Aadhar Pay.

The NPCI issued new guidelines for BHIM Aadhaar Pay (BAP), transferring the responsibility of verifying merchant details to acquiring banks. Here are the key points simplified:

  • Acquiring banks must check merchant details during onboarding, directly or through partners.
  • Banks must use the right Merchant Category Code (MCC) for each merchant’s business type, as specified by ISO. Avoid default MCCs for cash services.
  • Cash withdrawals by customers are not allowed at BAP merchants, and banks must supervise them closely.
  • Acquiring banks must monitor merchant activities, including onboarding, transactions, and training.
  • Banks must have a board-approved policy for acquiring merchants.
  • Merchants must undergo reviews or audits by third parties.
  • Merchants on BAP can accept payments from customers of any bank via biometric authentication.
  • Participating banks in BAP include payments banks, small finance banks, cooperative banks, regional rural banks, and mainline commercial banks.

About NPCI:

  • MD & CEO: Dilip Asbe
  • Headquarters: Mumbai, Maharashtra
  • Established: 2008

India donates $500,000 to the UN Trust Fund for Counter-Terrorism.

On May 7, 2024, India’s UN Ambassador Ruchira Kamboj donated $500,000 to the UN Trust Fund for Counter-Terrorism, handing it over to UNOCT’s Vladimir Voronkov. India’s total contributions to the fund now stand at $2.55 million.

Key Points:

  • India has contributed $2.55 million in total, while Qatar leads with $139,530,303.
  • Since 2018, India has actively supported anti-terrorism programs.
  • This donation reaffirms India’s commitment to global cooperation against terrorism.

About The United Nations Trust Fund for Counter-Terrorism:
Established in 2009 by the Secretary-General and transferred to UNOCT in 2017.
As of March 31, 2024, there are 42 funding partners, including the Organization of American States (OAS) as a new partner in 2024.

About United Nations Office of Counter-Terrorism:
Secretary General: Vladimir Voronkov
Established: 2017
Headquarters: New York, USA

SEBI requires standardized periodic reporting for investment advisers.

Starting May 7, 2024, the Securities Exchange Board of India (SEBI) requires Investment Advisers (IAs) to submit reports every six months, ending on September 30 and March 31 of each financial year. These reports must include details such as shareholding patterns, IAASB membership and SEBI registration numbers, complaints against the IA, and social media handles. SEBI enforces this requirement under Section 11(1) of the SEBI Act, 1992, along with Regulation 14 and Regulation 15 (12) of IA Regulations, to safeguard investor interests and promote securities market development.

Key Points:

  • Reports should also include social media handles, bank account details, National Institute of Securities Markets (NISM) certification, and recent inspection information.
  • Previously, IAASB requested these reports sporadically, prompting the adoption of a standardized reporting format.
  • SEBI has introduced a standardized format for IA submissions, following recommendations from the Industry Standards Forum (ISF).
  • For the period ending on March 31, 2024, IAs must submit reports within 15 days of the IAASB circular’s issuance date. Subsequently, reports for each half-yearly period should be submitted within seven working days of the period’s end.

SEBI Extends Settlement Scheme Deadline for Stock Option Cases:

SEBI has prolonged the settlement scheme until June 10, 2024, for entities involved in stock option reversal trades on BSE between 2014 and 2015.

Originally set to conclude on May 10, 2024, the scheme offers a settlement opportunity for entities facing adjudication proceedings.

Key Points:

  • The ISO Settlement Scheme 2024 targets entities engaging in trade reversals on BSE from April 1, 2014, to September 30, 2015, with ongoing adjudication proceedings.
  • After the scheme’s end, securities law actions will proceed against non-participating entities.
  • Utilizing the scheme helps resolve proceedings, mitigate delays, and reduce legal costs for entities involved.

 

South Indian Bank partnered with Northern Arc Capital to set new standards in the financial sector.

The South Indian Bank Limited, a Kerala-based private bank, has signed a Memorandum of Understanding (MoU) with Northern Arc Capital Limited, a Non-banking finance company (NBFC), to collaborate on various aspects of commercial operations including loan origination, underwriting, disbursement, collection, and reconciliation.

Through this MoU, both organizations aim to innovate and set new standards in the financial industry. They will focus on activities like co-lending and partnership lending, and streamline loan transfers between banks and originators.

This partnership will enable South Indian Bank to utilize nPOS, Northern Arc’s technology platform, to engage with multiple originators for loan processes such as origination, underwriting, disbursement, and reconciliation.

 

Science & Technology

Google introduced Google Wallet for Android users in India.

Google has introduced Google Wallet, a secure digital wallet for Android users in India. It stores cards, tickets, keys, and IDs in one place for easy access. However, it doesn’t support payments; instead, users can use Google Pay for that purpose. Here’s a brief timeline:

  • Google Wallet was launched in 2011 but replaced by Android Pay in 2015.
  • In 2018, Google merged Google Wallet and Android Pay to create Google Pay.
  • The Google Wallet app is available on the Google Play Store.

Google Wallet in India has various uses:

  • Accessing digital documents from 20 Indian brands, including Flipkart, Air India, and PVR.
  • Providing transit tickets for services like Kochi Metro and VRL Travels.
  • Storing corporate badges for easier workspace access.
  • Other features include saving movie/event tickets, loyalty points, and creating new passes by scanning barcodes or QR codes.

Some additional points:

  • The Indian version of Google Wallet differs slightly from international versions.
  • It only works on Android phones in India and doesn’t support smartwatches or wearables.

Environment

New tardigrade species found off the coast of TN named Batillipes Chandrayaani after Chandrayaan-3 mission.

Researchers from CUSAT in Kerala found a new marine tardigrade species, “Batillipes Chandrayaani,” at Mandapam Coast, Tamil Nadu. It’s the 39th in its genus and measures 0.15mm in length and 0.04mm in width. This is the third marine tardigrade species found in Indian waters and the second on the East Coast. The discovery was published in “Zootaxa.” The team consisted of Vishnu Dattan N.K and Dr. S Bijoy Nandan.

Tardigrades, also known as ‘water bears’ or ‘moss piglets,’ are microscopic organisms found in oceans. They’re incredibly resilient, surviving mass extinctions and extreme conditions through cryptobiosis. Chandrayaan-3, part of India’s lunar exploration program, was the first spacecraft to land in the Moon’s south polar region on August 23, 2023.

In Rajasthan, a new green lynx spider species named Peucetia chhaparajnirvin was discovered by arachnologist Atul Bodkhe in Tal Chhapar Wildlife Sanctuary. It’s named after the sanctuary and feeds on small insects. The species was identified and described at the Spider Research Lab in Maharashtra.

Sports

Indian boxers won 43 medals at the ASBC Asian U-22 and Youth Boxing Championships 2024.

The Indian boxing team won 43 medals at the 2024 Asian U-22 and Youth Boxing Championships in Astana, Kazakhstan, held from April 25 to May 8.

Highlights:

  • India secured 12 gold, 14 silver, and 17 bronze medals across both youth and U-22 categories, placing second overall. Kazakhstan topped the medal tally with 48 medals.
  • The Asian Boxing Federation organized the event.
  • Brijesh won India’s first youth gold by defeating Tajikistan’s Muminov Muinkhodzha in the men’s 48kg final. Preeti, an Olympic boxer (54kg), secured a U-22 gold by defeating Kazakhstan’s Bazarova Elina.

Obituary

Urdu writer Salam Bin Razzaq, winner of the Sahitya Akademi Award, has passed away.

Renowned Urdu writer and winner of the Sahitya Akademi Award in 2004, Salam Bin Razzaq, passed away at 83. Born in 1941 in Panvel, Maharashtra, he leaves behind a significant literary legacy.

About Salam Bin Razzaq:

  • He published his debut short story in the literary magazine Shaa’ir in 1962.
  • Salam Bin Razzaq authored three collections of short stories, two in Urdu and one in Hindi, and translated Marathi fiction into Urdu.
  • His stories have been broadcast on All India Radio (AIR), and many are part of school, college, and university curricula.
  • Some of his notable works include ‘Nangi Dopahar Ka Sipahi’ (1977), ‘Muabbir’ (1987), and ‘Zindagi Afsana Nahin’ (2012).

Awards:

  • He received the Sahitya Akademi Award in 2004 for his Urdu short story collection, ‘Shikasta Buton Ke Darmiyan’.
  • Salam Bin Razzaq was also honored with the Ghalib Award and the Maharashtra Urdu Sahitya Akademi Award.

Important Days

World Red Cross and Red Crescent Day 2024 is on May 8th.

Every year on May 8th, World Red Cross and Red Crescent Day is celebrated globally to honor and appreciate the volunteers and staff of the International Red Cross and Red Crescent Movement. This day also highlights the principles of the movement. The theme for World Red Cross and Red Crescent Day 2024 is “Keeping Humanity Alive.”

Background:

  • The decision to observe May 8th as International Red Cross Day was made during the 14th International Conference of the Red Cross in London, England, in 1938.
  • The first International Red Cross Day was celebrated on May 8, 1948.
  • In 1984, the official title of the day was changed to World Red Cross and Red Crescent Day.

About the International Federation of Red Cross and Red Crescent Societies (IFRC):

  • President: Kate Forbes
  • Headquarters: Geneva, Switzerland

World Thalassaemia Day 2024 is on May 8th.

International Thalassaemia Day, also known as World Thalassaemia Day, is observed annually on May 8th worldwide to raise awareness about Thalassaemia, an inherited blood disorder that reduces the body’s hemoglobin levels. It also honors the global thalassaemia community and advocates for fair healthcare access to diagnosis and treatments for those affected.

Led by the Thalassaemia International Federation (TIF), this year’s theme for International Thalassaemia Day 2024 is “Empowering Lives, Embracing Progress: Equitable and Accessible Thalassaemia Treatment for All.”

Background:

  • Thalassaemia International Federation (TIF) established May 8th as International Thalassaemia Day (ITD) in 1994.
  • Panos Englezos, president and founder of TIF, initiated the first World Thalassemia Day on May 8th, 1994, in memory of his son George Englezos, who died from Thalassaemia.

About Thalassaemia International Federation (TIF):
TIF, a non-profit, non-governmental organization, was founded in 1986 and is headquartered in Strovolos, Nicosia, Cyprus. Its President is Panos Englezos.

 

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