Latest Current Affairs For Friday 6th May, 2022

Dhanush Srikanth wins gold in Deaflympics

Shooter Dhanush Srikanth has won gold and Shourya Saini has also won the bronze in the men's 10m air rifle competition in the 24th Deaflympics at Caxias do Sul, Brazil.

Later, the Indian badminton team also won gold after beating Japan by 3-1 in the final to make it a double celebration for the country.

Ukraine is leading the chart with 19 gold, six silver and 13 bronze medals.

With two gold and one bronze medal, India has placed eighth on the medals table. 

Olympian discus thrower Kamalpreet Kaur provisionally suspended

Olympian discus thrower player, Kamalpreet Kaur has been suspended by Athletics Integrity Unit (AIU) for testing positive for a banned substance.

The AIU has found the presence/use of the prohibited substance anabolic steroid called stanozolol in her sample.

Kaur had finished sixth with a throw of 63.7m in the Tokyo Olympics final.

Stanozolol was used by sprinter Ben Johnson during the Seoul Olympics in 1988.

Bangladesh uncover a new gas field of 20 MMCFD capacity

Bangladesh has uncovered a new gas field with the capacity to produce 20 million cubic feet of gas per day (MMCFD) at the Koilastila Gas field.

Koilastila Gas Field is one of the five gas fields which was purchased from the Shell Oil company by Bangabandhu Sheikh Mujibur Rahman in 1975.

Now, it is possible to supply 17-19 million cubic feet of gas daily to the national grid from the newly discovered well number 6 by May 10. 

Telangana govt extends insurance coverage under ‘Nethanna Bima’ scheme

Telangana Government has announced the extension of insurance coverage to handloom and power loom weavers under ‘Nethanna Bima’ (Weaver’s Insurance) Scheme.

The State Government has extended the insurance coverage of 5 lakh rupees for weavers under the Insurance Scheme on par with Rythu Bima insurance scheme.

The insurance coverage would be extended to weavers in the age group of 18 to 59 years.

Telangana Governor: Tamilisai Soundararajan; CM: K. Chandrashekar Rao

Canara Bank & ASAP ties-up to launch skill loans

Canara Bank in association with the Additional Skill Acquisition Programme (ASAP) has launched ‘skill loans’.

Under this facility, the loan is ranging from ₹5,000 to ₹1.5 lakh.

This loan can be availed of by students who are pursuing skill training programmes which are offered by ASAP Kerala or any other Central or State government-recognised agencies.

Collateral free loans will be provided to students and have a repayment period of three to seven years. 

RailTel, WHO jointly inaugurate mobile container hospital in Andhra Pradesh

The RailTel Corporation of India Ltd had designed and established a “Health Cloud" at Visakhapatnam premises of Andhra Pradesh Med Tech Zone (AMTZ).

AMTZ is the world’s first integrated medical device manufacturing hub.

The “Health Cloud" has been inaugurated by Louise Agersnap (Head of WHO Innovation Hub).

Health Cloud can also be operationalised on wheels and can dispense the medicines by Health ATM through Mobile App having a digital payment interface.

Railway Protection Force launched Operation Satark

Railway Protection Force(RPF) has launched a focused effort under “Operation Satark” from 5th April to 30th April 2022.

Aim: Taking action against illicit liquor/FICN/illegal tobacco products/unaccounted gold and any other items which are being transported through the railway network for the purpose of tax evasion and smuggling.

RPF is an armed force under the ownership of the Indian Railways, Ministry of Railways.

ICG commissions its second ALH Mk III Squadron in Kochi

Indian Coast Guard has commissioned its second Air Squadron, 845 Squadron (CG) at the Coast Guard Air Enclave at Nedumbassery in Kochi.

The new Air Squadron was commissioned by Coast Guard Director General V S Pathania.

It is equipped with indigenously developed Advanced Mark III (ALH Mark III) helicopters.

This second squadron of these choppers will boost the security of the western seaboard and enhance India’s search and rescue capability.

RBI raises repo rate by 40 basis points to 4.40%

The Reserve Bank of India (RBI) has raised the Repo rate by 40 basis points to 4.40% and the cash reserve ratio (CRR) by 50 basis points to 4.50%.

Aim: To bring down the raised inflation to the desired level and tackle the impact of geopolitical tensions.

Deposit rates and EMI on loans are likely to increase.

The hike in CRR by 50 bps will suck out Rs 87,000 crore from the banking system.

Consumer Price Index inflation stood at 6.95% in March 2022.

FISME to launch digital lending platform for MSMEs

The Federation of Indian Micro and Small & Medium Enterprises (FISME) has signed an MoU with Eqaro Surety (financial guarantee provider) to set up a digital lending platform for MSMEs in the country.

The platform will provide collateral-free capital up to Rs 25 lakh to fulfil MSMEs need for urgent funds post due diligence of their businesses.

The credit for MSMEs would be backed by guarantees from Eqaro.

Arvind Krishna elected to Board of New York Federal Reserve Bank

Arvind Krishna (IBM Chairman and CEO) has been elected to the Board of Directors as a Class B director of the Federal Reserve Bank of New York.

He will remain in the office for the remaining portion of a three-year term ending December 31, 2023.

He has been an undergraduate from the Indian Institute of Technology, Kanpur and a PhD from the University of Illinois at Urbana-Champaign.

He was senior VP of Cloud and Cognitive Software and also headed IBM Research.

India to be 'Country of Honour' at Cannes Marche' Du Film in France

Union Minister for I&B, Anurag Singh Thakur has informed that India will be the Official 'Country of Honour' at the upcoming Marche’ Du Film in France.

Festival will be organised from 17th May 2022.

This is for the first time when such an honour is being bestowed on any country.

The theme of the India Pavilion 2022 is 'India the Content Hub of the World'.

R Madhavan’s film ‘Rocketry: The Nambi Effect’, based on the life of Nambi Narayanan will also premiere.

Ronnie O'Sullivan wins record seventh World Snooker title

Ronnie O'Sullivan (English snooker player) has won his seventh World Snooker Championship crown after beating Judd Trump (English snooker player) by 18-13.

With this win, he has been equalled Stephen Henry's modern-day record of seven world titles.

O'Sullivan has won his first world title in 2001.

He has also claimed snooker’s biggest prize in 2004, 2008, 2012, 2013 and 2020 before his triumph over the Bristolian.

PM Narendra Modi to be awarded prestigious Lokmanya Tilak Award 2023

The Tilak Smarak Mandir Trust (Hind Swaraj Sangh) would confer the prestigious Lokmanya Tilak National Award 2023 to Prime Minister Narendra Modi in Pune on August 1, 2023.

Reason: This award recognizes PM Modi's supreme leadership under which India has climbed the ladder of progress

It is presented annually on the occasion of Lokmanya Tilak's death anniversary.

Other awardees: Indira Gandhi, Atal Bihari Vajpayee, Sharad Pawar, Cyrus Poonawalla, and Manmohan Singh. 

J&K Bank wins award for Best Performance in CASA

Jammu & Kashmir Bank has been felicitated for the Best Performance in CASA-India (1st Runner up in Small Bank Category) at ICC Emerging Asia Banking Conclave & Awards 2022.

The event was participated by banks from India, Nepal, Bhutan, Bangladesh, Sri Lanka & Myanmar.

The function was organized by the Indian Chamber of Commerce in Goa.

Indian Chamber of Commerce (ICC) is a non-governmental trade association and advocacy group headquartered in Calcutta.

India poised to become world’s 2nd-largest economy by 2075: Goldman Sachs

According to the Investment Bank Goldman Sachs, India is poised to become the world’s second-largest economy by 2075.

As per the report, India would cross Japan, Germany, and the US With a population of 1.4 billion people.

India’s GDP is estimated to expand remarkably, reaching 52.5 trillion dollars surpassing the US GDP projection.

The labour force participation set to make India the second-largest economy in the world by 2075.

L&T and Spain's Navantia sign agreement for submarine project

L&T has signed a teaming agreement with Spanish-based Navantia for the submission of a techno-commercial bid for the Indian Navy’s prestigious P75 (India) submarine program.

P75 (India) Submarine Project is expected to be valued at €4.8 billion.

Navantia would carry out the design of P75(I) submarines based on its S80 class of submarines.

The first S80 class submarine was launched in 2021 and is undergoing sea trials prior to its delivery to Spanish Navy. 

India overtakes China as most attractive emerging market for investing

According to a study by Invesco Global Sovereign Asset Management, India has overtaken China to become the most attractive emerging market for investing in sovereign wealth funds this year.

Reason: This is due to its solid demographics, political stability, and proactive regulation. 

Positives for the nation also include the rapidly expanding demography, strong regulatory actions, and a welcoming climate for sovereign investors.

World Population Day 2023: 11 July

World Population Day is observed every year on July 11 in order to raise awareness about global population issues, including population control.

2023 theme: Unleashing the power of gender equality: Uplifting the voices of women and girls to unlock our world’s infinite possibilities. 

It was established by the United Nations Development Programme (UNDP) in 1989, after the day the world approximately reached a population of five billion, which was observed on 11 July 1987.

MoHUA conducts SBM-U 2.0 Planning & Implementation Review-cum-Workshop

The Housing Ministry organized a review-cum-workshop to evaluate and accelerate the planning and implementation of the SBM-Urban 2.0.

PM Modi launched the 2.0 versions of SBM-U and AMRUT on October 1, 2021.

SBM-U 2.0: Achieving 100% waste segregation in all households and premises and 100% door-to-door collection of segregated waste from each. 

AMRUT 2.0: To provide complete coverage of water supply to all households and sewerage and septage in 500 AMRUT cities. 

Gujarat CM launches pilot project of ‘Antyodaya Shramik Suraksha Yojana’

Gujarat CM Bhupendra Patel launched the Antyodaya Shram Suraksha Accident Insurance Scheme from Kheda

All those registered under the e-Shram portal from Nadiad will benefit from the scheme.

It is being implemented through the Indian Postal Department, the IPPB, and the Ministry of Labour and Employment.

Under this scheme, insurance with a premium of Rs. 289 and Rs. 499 per year will be a big support to workers in the event of death or partial disability.

OCA elects Sheikh Talal as the new President

Kuwait’s Sheikh Talal Fahad Al Ahmad Al Sabah has been elected as the new President of the Olympic Council of Asia (OCA).

He replaced his older brother Sheikh Ahmad Al-Fahad Al-Sabah, who led the OCA for 30 years until 2021.

The OCA was founded in 1982 by his father Fahad Al-Ahmed Al-Jaber Al-Sabah, who led it until 1990.

The Olympic Council of Asia (OCA) is a governing body of sports in Asia, currently with 45 member National Olympic Committees.

Bajaj Allianz Life Insurance wins Insurer Innovation Award 2023

Bajaj Allianz Life Insurance has won the Insurer Innovation Award 2023 for the APAC region at the 8th World Digital Insurance Awards, hosted by TDI - The Digital Insurer.

Recognition: Bajaj Allianz Life's ground-breaking WhatsApp Conversational Platform - empowering customers to digitally services their policies seamlessly. 

The award entries were shortlisted by industry experts and the winner was selected by the community through pre-voting and live event voting.