Daily Current Affairs 6th May, 2023

Daily Current Affairs 6 May 2023 for Banking/Insurance/SSC and other related exams.

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NATIONAL NEWS

India’s first International Multimodal Logistics Park coming at Jogighopa, Assam
The International Multimodal Logistics Park is being developed under the ambitious Bharatmala Pariyojana of the Government, and is the first such project of its kind.

  • The park is being constructed by NHIDCL in Jogighopa of Assam, and will be connected to road, rail, air, and waterways.
  • Spread over 317 acres of land along the Brahmaputra, the park will have all the necessary facilities such as a warehouse, railway siding, cold storage, custom clearance house, yard facility, workshops, petrol pumps, truck parking, administrative building, boarding lodging, eating joints, and water treatment plant.

Maharashtra Govt approves to set up Maharashtra State Infrastructure Development Corporation
With an aim to speed up construction of good quality roads across the state and also to ensure their maintenance and repairs, the Maharashtra Government approved to set up the Maharashtra State Infrastructure Development Corporation.

  • During a meeting of the state cabinet held in Mumbai in the presence of Chief Minister Eknath Shinde, the government has said that the initial capital funding for this corporation will be 100 crore rupees. 
  • Out of the three lakh kilometers of roads in Maharashtra, about one lakh kilometers consist of state and major highways that come under the purview of the Public Works Department.

Centre for Innovation Incubation Research and Entrepreneurship inaugurated in Telangana
In Telangana, the Centre for Innovation Incubation Research and Entrepreneurship (C-i2 RE) was inaugurated by IT Minister K Taraka Ramarao at the Kakatiya Institute of Technology & Science (KITS) Warangal campus.

  • The Centre will promote innovation and entrepreneurship in the student community to inculcate research and innovative skills among the students, faculty, and young researchers. Over five crore rupees have been invested in the necessary infrastructural facilities.


INTERNATIONAL NEWS

US: FDA approves world’s first RSV vaccine for older adults
The United States Food and Drug Administration approved the world’s first Respiratory Syncytial Virus – RSV – vaccine that is meant for older adults. However, the vaccine still needs approval from the US Centers for Disease Control and Prevention before it can be rolled out to the public.

  • The vaccine was approved for people aged 60 and older after it was found 83 percent effective against diseases caused by RSV and more than 94 percent effective against severe diseases.


BANKING & FINANCE

Visa launches CVV-free payments for tokenised credit, debit cards
Visa, the global card transaction company, has launched a new feature in India that allows users to make online payments without the need for a CVV number.

  • The feature applies to tokenised credit and debit cards and is only available for domestic transactions in India. When a user tokenises their card, it is secured with a unique code and transactions are completed using a two-factor authentication process, which does not require the 16-digit card number or any other card details.
  • The new authentication method protects users from cyber fraud as the token cannot be used on another platform.

RBI, BIS launch global technology competition ‘G20 TechSprint’
Reserve Bank of India(RBI) and Bank for International Settlements (BIS) have launched G20 TechSprint, a global technology competition.

  • RBI and the BIS Innovation Hub have jointly announced the fourth edition of the G20 TechSprint. RBI said that the 2023 TechSprint will focus on developing innovative technology solutions for cross-border payments.
  • The competition is open for developers around the world for submitting application till 4th June. The results will be announced at a final event in August or September this year.


ACQUISITIONS &  MERGERS 

Adani Ports completes Myanmar port sale for $30 million
Adani Ports and Special Economic Zone Ltd (APSEZ) announced that it has completed the sale of its Myanmar port, Coastal International Terminals Pte Limited, for $30 million.

  • The decision to exit the project was made based on recommendations by the Risk Committee in October 2021.
  • The Share Purchase Agreement (SPA) had certain Condition Precedents (CPs), including completion of the project and relevant approvals for smooth conduct of business by the buyer. However, the deal was delayed due to challenges in meeting certain conditions including completion of the project.


SPORTS

India surpasses Australia to become No. one Test team in ICC rankings
Rohit Sharma-led India surpass Australia to become the number one Test team in the latest rankings released by the International Cricket Council (ICC).

  • Australia’s reign at the top of the men’s Test rankings comes to an end after 15 months with India going past the Aussies ahead of next month’s ICC World Test Championship (WTC) final.
  • England (116 points), South Africa (104) and reigning champion New Zealand (100) occupy third, fourth and fifth spots respectively.

Javelin thrower Neeraj Chopra wins Doha Diamond League title
Neeraj Chopra, clinched the top spot in the javelin event of the Doha Diamond League with a throw of 88.67 m. He achieved the distance with his very first throw, as testing conditions in Doha prevented him from breaching 90m, his self-declared goal prior to the meet.

  • Czech thrower Jakub Vadlejch finished second with a best attempt that was just 4 cm short of Neeraj’s mark as two-time world champion Anderson Peters managed only 85.88m to take third spot in the season-opening leg of the elite Diamond League.


AWARDS

Jawahar Navodaya Vidyalaya, Nadia, West Bengal wins 1st prize in 24th National Youth Parliament Competition, 2022-23
Jawahar Navodaya Vidyalaya, Nadia, West Bengal won the first prize in the 24th National Youth Parliament Competition, 2022-23. Ministry of Parliamentary Affairs has been organising Youth Parliament Competitions in Jawahar Navodaya Vidyalayas for the past 26 years.

  • The Youth Parliament Scheme aims at inculcating among the younger generations the spirit of self-discipline, righteous expression of views, and other virtues of a democratic way of life.


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