Daily Current Affairs 30th May, 2022

Daily Current Affairs 30 May 2022 for Banking/Insurance/SSC and other related exams.


Budget allocation for Khelo India increased to Rs 974 crore, says Anurag Thakur
Union Minister for Sports and Youth Affairs Anurag Thakur has said that in the last eight years the central government has provided basic facilities in the field of sports in the country.He was speaking after inaugurating the Khashaba Jadhav Sports Complex on the premises of Savitribai Phule Pune University in Pune.

  • As part of this, budget allocation for Khelo India has been increased from Rs 657 crore last year to Rs 974 crore, he said. At present, there are four hundred and fifty Khelo India centers in the country. With contributions from the states, if we build one thousand such centers it will greatly contribute to the development of sports, Thakur said.
  • Mr. Thakur also unveiled a full-sized statue of Olympian wrestler Khashaba Jadhav and Swami Vivekananda at Pune University.

WHO partners with Government of Rajasthan to create health accounts
Rajasthan is the first state to attempt institutionalisation of health accounts. The state health accounts will support regular tracking and monitoring of health expenditures over time and can serve as an important tool for evidence-based policy making.

  • WHO India country office will be contributing to the state government’s effort by providing technical and financial support for conducting the first round of health accounts, which it is anticipated will be institutionalised into state processes and budgetary allocations in the time ahead.
  • In this regard, an orientation on the institutionalisation of state health accounts in Rajasthan was organised by the World Health Organization (WHO) at the secretariat.

Bangladesh to be the ‘country of Focus’ at the Mumbai International Film Festival
As a fitting tribute to the golden jubilee of the liberation of Bangladesh, it has been made ‘Country of Focus’ during the 17th Mumbai International Film Festival (MIFF).

  • A special package of 11 films from Bangladesh including critically acclaimed film Hasina- A Daughter’s Tale will be presented at India’s foremost documentary film festival MIFF 2022.
  • The films in the ‘Country of Focus’ category from Bangladesh will include the ‘Hasina: A Daughter’s tale’ which depicts the persona of the iconic political figure and its current Prime Minister Sheikh Hasina. Directed by Piplu R Khan, the film has won critical acclaim internationally.
  • The Best Film of the Festival will receive the Golden Conch award, along with a cash prize of Rs 10 lakhs. There are several other awards also in other categories from five to one lakh each. The coveted The coveted Dr. V Shantaram Lifetime Achievement Award  with a cash award of Rs 10 lakh will also be given away during the festival.

North India’s first Industrial Biotech Park inaugurated at Kathua in J&K
Jammu and Kashmir (J&K) Lieutenant Governor, Manoj Sinha and Union minister Jitendra Singh inaugurated the north India’s first Industrial Biotech Park constructed at Ghatti near Kathua.

  • The Industrial Biotech Park at Kathua will transform the economy and enable scientists to tackle challenges of climate change.
  • The enabling infrastructure will fuel new wave of innovation and impact various sectors, from health and agriculture to cosmetics and materials.

India, UAE sign MoU to establish framework to facilitate & enhance bilateral cooperation on climate action
India and United Arab Emirates have signed an MoU to establish a framework to facilitate and enhance bilateral cooperation on climate action.

  • The agreement was signed between Environment, Forest and Climate Change Minister Bhupender Yadav and UAE Climate Envoy and Minister of Industry and Advanced Technology Dr Sultan Al Jaber in New Delhi.
  • The basic objective of this MoU is to establish a framework to facilitate and enhance bilateral cooperation on climate action, and also contributes towards implementing the Paris Agreement.


UNICEF and WHO launch the first Global Report on Assistive Technology
The World Health Organization (WHO) and the United Nations Children’s Fund (UNICEF) have released the first Global Report on Assistive Technology (GReAT).

  • The paper, which was created in conjunction with UNICEF’s Office of Research – Innocenti, includes 10 important actionable suggestions for enhancing access to assistive technology for all children, as well as evidence-based best practise examples.
  • Through a network of academic institutions, researchers, policymakers, donors, and practitioners, UNICEF Office of Research – Innocenti is at the forefront of the establishment of a Global Research Agenda and Platform for Children to amplify the voice of children and youth with disabilities.
  • Around the world, 2.5 billion people require assistive technology. According to the estimate, by 2050, the population will have grown to 3.5 billion people.
  • The gaps between low- and middle-income countries and high-income countries in terms of access to assistive technology are disturbing.
  • Access to assistive technology for individuals who need it is as low as 3% in some low- and middle-income nations, whereas it is significantly higher in high-income countries, with up to 90% of people receiving the assistive devices and services they require.

Kuwait to build world’s largest petroleum research centre
Kuwait plans to start building the world’s largest petroleum research centre by the end of the year, the oil ministry said.

  • The centre, to be built in al-Ahmadi, south of Kuwait City, will have 28 laboratories. It will seek to develop improved production and refining techniques that can be used by the industry for different applications including the extraction of heavy crude and non-associated gas.


RBI reduces net-worth requirement for non-bank Bharat Bill Payment units to ₹25 crore
Non-banking companies now need ₹25 crore minimum net worth to set up Bharat Bill Payment Operating Units (BBPOU), the Reserve Bank of India (RBI) informed.

  • The minimum net-worth criterion for non-bank firms has been lowered from the earlier minimum net worth requirement of ₹100 crore. 
  • This means that developing a payment app will be easier now, and businesses like Phonepe, Google Pay and Paytm will face increased competition.


Agri-startup Fasal ties up with IMD for research in weather forecast models
Agri-startup firm Fasal said it has signed a pact with India Meteorological Department (IMD) for research collaboration on weather forecast models to make farming climate-smart.

  • The tie-up is aimed at making day-to-day short-term weather forecasts accessible to farmers, the company said.
  • A total of 23 radar stations of IMD and about 600 on-ground precision farming devices of Fasal will be harnessed to provide these weather forecasts.

India’s GDP growth likely to be 8.2-8.5% in FY22: SBI Report
SBI’s research report Ecowrap, in its latest edition has projected India’s Gross Domestic Product (GDP) growth at 8.2 to 8.5 per cent for FY22. For Q4FY22, the SBI research report expects growth of 2.7 per cent.

  • Uncertainties plague Q4FY22 GDP numbers as customary quarterly data revisions are quite difficult to comprehend, but will it hit the threshold of 3 to 3.5 per cent, the report released by SBI’s Economic Research Department said.


Adani buys 50% stake in drone startup General Aeronautics
Adani Enterprises’ subsidiary, Adani Defence Systems and Technologies Ltd has signed a definitive agreement to acquire 50 per cent stake in General Aeronautics Private Ltd.

  • General Aeronautics provides commercial robotic drones and drone-based solutions for crop protection, crop health, precision farming, and yield monitoring using artificial intelligence and analytics for the agricultural sector.


Gujarat Titans defeat Rajasthan Royals to win IPL 2022 in their first-ever season
Gujarat Titans won Indian Premier League 2022 in what was their debut season in the T20 tournament, completing a seven-wicket win against Rajasthan Royals in the final in the Narendra Modi Stadium, Ahmedabad.

  • GT won by seven wickets to win the title of winners. Being a debut team, this is undoubtedly an outstanding achievement.
  • Hardik Pandya’s captaincy led the team through a fantastic journey to finally get the cup of 2022. They have left their imprint on the history of IPLs.

Chessable Masters final: Praggnanandhaa loses to Ding Liren in tie-break
Young Indian Grandmaster R Praggnanandhaa went down fighting to world No. 2 Ding Liren in a tie-break in the final of the Chessable Masters 2022 online tournament in the wee hours.

  • The 16-year-old Indian fought back to win the second set after losing the opener, but he then lost the two-game blitz tie-breaker.


Elon Musk, world’s richest man, was 2021’s highest paid CEO
Elon Musk, the world’s richest man and chief executive officer (CEO) of SpaceX and Tesla, was the top-paid CEO in 2021, as per the Fortune 500. Musk received a compensation of around $23.5 billion (around Rs 1,82,576 crore) in 2021, including stock options. After Musk, the 10 most highly compensated Fortune 500 CEOs of 2021 are all tech and biotech CEOs, including the heads of Apple, Netflix, and Microsoft.
List of top 10 most highly compensated CEOs:

  1. Elon Musk, Tesla: USD 23.5 Billion
  2. Tim Cook, Apple: USD 770.5 Million
  3. Jensen Huang, NVIDIA: USD 561 Million
  4. Reed Hastings, Netflix: USD 453.5 Million
  5. Leonard Schleifer, Regeneron Pharmaceuticals: USD 452.9 Million
  6. Marc Benioff, Salesforce: USD 439.4 Million
  7. Satya Nadella, Microsoft: USD 309.4 Million
  8. Robert A. Kotick, Activision Blizzard: USD 296.7 Million
  9. Hock E. Tan, Broadcom: USD 288 Million
  10. Safra A. Catz, Oracle: USD 239.5 Million


New species of Arunachal Macaque named after snow-clad Sela pass
In a positive development for mother nature, a new species of primate has been discovered in Arunachal Pradesh. Discovered by the Zoological Survey of India scientists, the species is called Sela Macaque, named after the Sela pass.

  • Earlier researchers and scientists discovered the existence of the White-Cheeked Macaque (Macaca leucogenys) in Arunachal Pradesh’s West Siang district.


Govt to soon launch common platform ‘Jan Samarth’ for delivery of various schemes
To improve the ease of living for the common man, the government is planning to launch ‘Jan Samarth’ — a common portal for delivery of various schemes run by different ministries and departments.

  • As part of the Narendra Modi government’s vision of minimum government maximum governance, the new portal plans to initially onboard 15 credit-linked government schemes, sources said. The offerings will be gradually expanded, depending on compatibility, as some of the Centrally Sponsored Schemes have involvement of multiple agencies.
  • The proposed portal intends to bring these schemes on a single platform so that they can be accessed by the beneficiaries without much hassle.  Pilot testing is being done and loose ends are being tied up before the actual launch takes place, they said, adding State Bank of India (SBI) and other lenders are doing the testing.


Famous Punjabi singer Shubhdeep Singh Sidhu shot dead
Famous Punjabi singer Shubhdeep Singh Sidhu popularly known as Sidhu Moosewala was shot dead by unidentified assailants in Jawaharke village of Mansa district.

  • The incident occurred two days after Punjab Police withdrew the security cover of 424 persons including Sidhu Moose Wala.
  • Sidhu Moose Wala had contested this year’s Punjab assembly election on a Congress ticket from Mansa and was defeated by AAP candidate Vijay Singla.

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