Daily Current Affairs 5th May, 2022

Daily Current Affairs 5 May 2022 for Banking/Insurance/SSC and other related exams.

NATIONAL NEWS

Assam signs tripartite agreement with AFD, ONFI for wildlife protection
The Assam Cabinet this year approved a MoU between the environment and forest department of the state and Agence Francaise de Development, a French funding agency, to foster bilateral dialogue in the field of environment.

  • This Indo-Pacific initiative between the AFD, the Assam Forest Department and the ONF International — a subsidiary of the French National Forest Office (ONF).
  • The AFD had granted Rs.2.50 crores in kind to the state government to carry out an exchange programme for forest officials of France and Assam to similar landscapes and increase the abilities of forest officials in wildlife management.

RailTel, WHO inaugurate mobile container hospital at Visakhapatnamash
The RailTel Corporation of India Ltd said that they had designed and established a “Health Cloud” at Visakhapatnam premises of Andhra Pradesh Med Tech Zone (AMTZ).

  • The Andhra Pradesh Med Tech Zone (AMTZ) is the world’s first integrated medical device manufacturing hub. The “Health Cloud” at AMTZ has been inaugurated by Louise Agersnap, Head of WHO Innovation Hub, WHO Geneva.
  • RailTel has also provided complete technological support for teleconsultation solution for the Mobile Container Hospital which has been designed and built in AMTZ with all the necessary Hospital set-up for ready-to-operationalise in remote areas.


INTERNATIONAL NEWS

India stays out of global declaration on future on Internet 
India is not among the 60 countries that have signed a global declaration to keep the Internet open, free, and neutral.

  • The countries that have signed the declaration include the US, European Union, United Kingdom, Canada and France. Called the ‘Declaration for the Future of the Internet’, the document is an agreement to prevent digital authoritarianism.
  • Countries including Austria, Belgium, Bulgaria, Cabo Verde, Canada, Colombia, Costa Rica, Croatia, Cyprus, Czech Republic, Denmark, Dominican Republic, Estonia, the European Commission and Finland are among the signatories.India, China and Russia are among the large nations that are not part of this declaration.

India falls 8 positions to 150th rank in RSF 2022 World Press Freedom Index
India’s ranking in the World Press Freedom Index has fallen down to 150th position from last year’s 142nd rank out of 180 countries, according to a report by a global media watchdog released.

  • The ranking of India’s neighbours, except that of Nepal, have also slid down, with the index placing Pakistan at 157th position, Sri Lanka 146th, Bangladesh 162nd and Maynmar at 176th position, the report released by Reporters Without Borders.
  • This year, Norway (1st) Denmark (2nd), Sweden (3rd) Estonia (4th) and Finland (5th) grabbed the top positions, while North Korea remained at the bottom of the list of the 180 countries and territories ranked by the Reporters Without Borders.
  • Russia was placed at 155th position, down from 150th last year, while China climbed up by two positions with the Reporters Without Borders placing it at 175th position. Last year, China was placed at 177th position.


BANKING & FINANCE

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

  • Loans ranging from ₹5,000 to ₹1.5 lakh can be availed of by students pursuing skill training programmes offered by ASAP Kerala or any other Central or State government-recognised agencies that conduct National Skills Qualifications Framework (NSQF) or National Skill Development Corporation (NSDC) courses.


BUSINESS & ECONOMY

Ayana Renewable Power partners with Greenstat Hydrogen India to develop green hydrogen projects
Ayana Renewable Power and Greenstat Hydrogen India have collaborated for the development of green hydrogen projects powered by renewable energy in India. The first pilot project will come up in Karnataka.

  • Under this partnership, the companies will develop large-scale green hydrogen solutions, to provide long-term supply of green hydrogen to industrial and commercial customers in India.
  • This partnership supports the National Hydrogen Mission with an aim to make India a global hub for production, and export of green hydrogen.

India gets its 100th unicorn startup as neobank Open crosses billion-dollar valuation
India gets its 100th unicorn startup, total valuation reaches $332.7 billion. The unicorn wave in India has reached an all-time high and the Neobank Open has become the 100th unicorn in the country.

  • Globally, 1 in 10 unicorns are born in India, the Ministry of Commerce and Industry said.
  • India’s wave of unicorns reaches an all-time high with Neobank Open becoming the 100th unicorn in the country. The Ministry of Commerce & Industry said, 1 out of every 10 unicorns globally have been born in India.
  • Neobank startup, OPEN becomes the 100th unicorn in India with the latest funding of $50 million from IIFL along with existing investors. Union Minister of Commerce and Industry, Consumer Affairs, Food, and Public Distribution and Textiles, Piyush Goyal highlighted the achievement through his tweet.

Maha govt, IFC collaborate to strengthen medical education
The Medical Education and Drugs Department (MEDD) and International Finance Corporation (IFC) have joined forces to prioritise health care projects with emphasis on Medical Education under the public-private partnership (PPP) model in Maharashtra.

  • Marking the collaboration, and deliberating on the roadmap, MEDD and IFC organised an investor conference themed around strengthening medical education and tertiary healthcare in Mumbai.

NGSL Signs MoE with LREB to Develop Floating Solar Projects in Kenya
NTPC GE Power Services Limited (NGSL), a 50:50 JV between NTPC and GE Power India Limited has signed a Memorandum of Engagement (MoE) with The Lake Region Economic Bloc (LREB), Kenya & Procorp Enertech Private Limited (PEPL) to work towards development of Ground Mounted and Floating Solar PV projects in The Lake region of Kenya.

  • The MoE also envisages extending support for adoption of affordable housing, efficient lighting, development of mini-grid solutions and capacity building of Kenyan power sector professionals.


SPORTS

Manika Batra achieves career-best ranking of 38, Sathiyan new world no 34
Indian paddlers, including Manika Batra, made massive gains in the ITTF world rankings after the sport’s governing body approved changes to the points system.

  • Manika attained a career-high singles ranking of 38 with a jump of 10 spots while G. Sathiyan was the best-placed Indian male player at 34 in the latest International Table Tennis Federation (ITTF) rankings.
  • Veteran Sharath Kamal, who last week won his 10th National title, also gained a place to be World No. 37 while Sreeja Akula, who won her maiden national title in Shillong, gained as many as 39 places to be ranked 68th. At No. 66 is Archana Kamath, who has made a big leap from 92nd position.

Ronnie O’Sullivan wins record seventh World Snooker title
Ronnie O’Sullivan won a record seventh World Snooker Championship crown after beating Judd Trump 18-13 in the final.

  • With this title, O’Sullivan has equalled Stephen Hendry’s modern-day record of seven world titles.
  • O’Sullivan had to stop a Trump rally in its tracks to complete his victory.


APPOINTMENTS

RBI board approves Rajiv Ranjan as MPC member after Mridul Saggar retires
The Reserve Bank of India’s central board approved the nomination of Rajiv Ranjan as a member of the monetary policy committee.Ranjan replaces Mridul Saggar, who retired last month.

  • Ranjan was an advisor in-charge in the monetary policy department, before he was elevated as an executive director.

IBM Chairman Arvind Krishna elected to the Board of Federal Reserve Bank of New York
IBM Chairman and Chief Executive Officer Arvind Krishna has been elected to the Board of Directors of the Federal Reserve Bank of New York.

  • The Federal Reserve Bank of New York said that Krishna will fill the vacancy in the office for the remaining portion of a three-year term ending December 31, 2023.
  • Prior to his stint as the IBM CEO, the 60-year-old Krishna was Senior Vice President of Cloud and Cognitive Software. He also headed IBM Research. He was the general manager of IBM Systems and Technology Group’s development and manufacturing organisation.

CIA appoints Indian-origin Nand Mulchandani as first-ever Chief Technology Officer
Indian-Origin, Nand Mulchandani has been appointed as the first-ever Chief Technology Officer (CTO) of the Central Intelligence Agency (CIA), the first line of defence for the United States.

  • Prior to this, he served as the CTO and acting director of the Joint Artificial Intelligence Centre under the US Department of Defence. He served as the CEO of multiple successful startups like Oblix (acquired by Oracle), Determina, OpenDNS, and ScaleXtreme.

Former petroleum secretary Tarun Kapoor appointed advisor to PM
Former petroleum secretary Tarun Kapoor has been appointed as an advisor to Prime Minister Narendra Modi, the Personnel Ministry said in an order issued.

  • Kapoor, a 1987-batch IAS officer of the Himachal Pradesh cadre, superannuated as the secretary of the Ministry of Petroleum and Natural Gas on November 30, 2021.
  • Senior bureaucrats Hari Ranjan Rao and Atish Chandra have been appointed as additional secretaries in the PMO.


SCIENCE & TECHNOLOGY

Cochin Shipyard to build first indigenous hydrogen-fuelled electric vessels
The Ministry of Ports, Shipping and Waterways will to build the first indigenous hydrogen-fuelled electric vessels at Cochin Shipyard Limited(CSL).

  • The hydrogen fuel cell vessel based on Low Temperature Proton Exchange Membrane Technology (LT-PEM) called Fuel Cell Electric Vessel (FCEV) is expected to cost around ₹17.50 crore of which 75 per cent would be funded by the Government.
  • The project would be carried out by Cochin Shipyard Limited in collaboration with Indian partners. The ground work has already begun, wherein CSL has partnered with KPIT Technologies Limited and Indian developers in the areas of Hydrogen Fuel cell, power train and Indian Register of Shipping for developing rules and regulation for such vessels.

China’s ‘Wuxi’ Warship Goes Ballistic, Fires Mystery Missile From Naval Vessel
China continues to astound, and steal a march on its Western counterparts, with new types of weapons and missiles. The latest example of this occurred when the People’s Liberation Army Navy (PLAN) released a video clip depicting a hitherto unknown missile being fired from a Type 055 guided-missile cruiser.

  • The new weapon is presumed by most commentators to be an anti-ship ballistic missile, which analysts refer to under the nomenclature of YJ-21. If the initial analysis of this YJ-21 is correct, then China becomes the first country in the world to operationally field such a missile from a naval vessel.
  • The YJ-21 was fired from the warship Wuxi, a Type 055 cruiser that had been commissioned in Qingdao just a month earlier, in March. Its launch from an active-duty ship indicates the missile is almost certainly now in PLA service.

IIT Bombay ties up with India Meteorological Department for developing user-friendly Weather Forecasting app
The Indian Institute of Technology (IIT Bombay) has tied up with the India Meteorological Department (IMD) of the Ministry of Earth Sciences (MoES) to develop climate solutions for the stakeholder at village, city and district level.

  • The collaboration will help the institute to develop sensors and drone-based smart monitoring systems, climate-smart agriculture technology for water and food security, intelligent and automated early warning systems, climate and health, smart power grid management, wind energy and heat wave forecasts.

Guntur student’s nanosatellite successfully launched from UK
A childhood fascination with space and satellites has driven Kurapati Sai Divya to design and develop a 1U Cubesat — a class of research spacecraft called nanosatellites. The CubeSat LakshyaSAT was successfully launched into the stratosphere from the United Kingdom in March this year.

  • Sai Divya is a research scholar in Satellite Communications and hails from Tenali.
  • The CubeSat model, placed inside a space box platform. was sent to the stratosphere to collect various parameters of the stratosphere with the help of a high altitude balloon. The payload LakshyaSAT reached an altitude of 26 km and stayed in the stratosphere for around three hours.

India launches NOAR platform to facilitate open access in power sector
The Union Ministry of Power launched the National Open Access Registry (NOAR), an integrated single-window electronic platform.

  • The platform is accessible to all stakeholders for the electronic processing of short-term open-access applications, thereby automating the administration of the short-term open access in the inter-state transmission system.
  • The required regulatory framework of the NOAR has been notified by the Central Electricity Regulatory Commission (CERC) through the operationalisation of the 5th Amendment Regulation of Open Access in inter-State Transmission.

IIT Hyderabad demonstrates extreme massive MIMO technology
In a breakthrough for next generation communication, the Indian Institute of Technology Hyderabad (IITH) announced a demonstration of the Extreme Massive MIMO (Multiple-Input Multiple-Output), a key technology that is being considered for 5G-advanced and 6G deployment.

  • Using multiple antennas at the base station, massive MIMO increases the coverage and capacity of cellular networks. This technology has become mainstream and is now an integral part of 5G.

Indian Coast Guard launches Fast Patrol Vessel ‘Kamla Devi’
Indian Coast Guard launched Fast Patrol Vessel ‘Kamla Devi‘ in Titagarh, West Bengal. The entire design of this Fast Patrol Vessel ‘Kamla Devi’ was developed in-house by the GRSE shipyard.

  • ‘Kamla Devi’ was scheduled to be the fourth ship in the series of five such FPVs that GRSE was contracted to build for the ICG, but became the fifth as the fourth one was exported to the Republic of Seychelles as the ‘SCG PS Zoroaster’ in 2021.


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