Daily Current Affairs 9th May, 2023

Daily Current Affairs 9 May 2023 for Banking/Insurance/SSC and other related exams.

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NATIONAL NEWS

Kiren Rijiju launched the trailer of the first Tagine language film
Union minister Kiren Rijiju said after launching the trailer of the “first ever” movie in Tagin language of his home state Arunachal Pradesh. The film looks at displaying the culture of the Tagin community before the whole country and the world.

• The film depicts the vibrant and colorful world of the 90s, based on the Tagin community in Upper Subansiri district of Arunachal Pradesh and the first film made entirely in Tagin language.
• Directed by Tapen Natam, the film brings to the national platform the rich culture, tradition and local filmmaking initiatives of Arunachal Pradesh.

Telangana CM KCR lays foundation stone for 400 feet Hare Krishna Tower in Hyderabad
Telangana Chief Minister K Chandrasekhar Rao laid the foundation for  400-foot Hare Krishna Movement’s Heritage Tower and announced Rs 25 crore donation towards its construction.

• The tower, which also consists of temples, will be constructed on six acres of land in Narsingi for Rs 200 crore. The temples of Sri Radha Krishna and Sri Venkateswara Swamy will be located in the tower.
• The Hare Krishna Heritage tower will be another cultural landmark for Hyderabad. It will highlight Telangana’s heritage in the form of Kakatiya architectural elements.

INTERNATIONAL NEWS

Pakistan surrenders Hajj Quota to Saudi Arabia for first time in 75 Years
Pakistan has surrendered the Hajj quota to the Kingdom of Saudi Arabia (KSA) for the first time in 75 years due to the worsening economic and financial crisis and drying up of the government’s foreign currency reserves.

• Faced with a critical dollar shortage, Islamabad has failed in fulfilling its annual Islamic pilgrimage targets. For the year 2023, Pakistan was given a Hajj quota of over 179,000 pilgrims.
• Of these, at least 50 per cent was allocated to the private Hajj operators and the remaining target was divided between the Regular Hajj Scheme of the government and the Sponsorship Scheme.

BANKING & FINANCE

Max Life, Indian Industries Association join hands to offer life insurance access to 11 lakh MSME workforce in UP
Max Life Insurance Company (Max Life), a private life insurer, has entered into a strategic partnership with the Indian Industries Association (IIA) to provide life insurance plans to the MSME sector’s workforce in Uttar Pradesh (UP).

• Under the recently announced IRDAI’s State insurance plan, Max Life aims to enhance accessibility and drive affordable insurance penetration across UP.

BUSINESS & ECONOMY

India leads as top source market for Sri Lanka’s tourism sector for April 2023 
India led as the top source market for Sri Lanka’s tourism sector for the month of April 2023. India regained the top spot after six months as almost 20,000 Indian tourists arrived in the island nation last month.

• Sri Lanka’s Tourism Authority figures showed that 19,915 Indians had visited the island in April over 14,656 Russian tourist arrivals.
• Russians remained the top inbound market from October 2022 to March this year. Tourist arrivals from India in 2022 stood at 1.23 lakhs with a share of 17.1 per cent. In April, the arrivals topped 100,000 for the fourth consecutive time since in the island taking the total arrivals in the first four months to over 4.4 lakhs.

MakeMyTrip ties up with Microsoft for voice-assisted bookings in Indian languages 
MakeMyTrip, one of India’s leading online travel companies, is testing a voice-assisted booking solution to serve customers who have difficulty using mobile phones or computers.

• The pilot project’s goal is to make travel arrangements for these users faster and easier.
• A limited number of MakeMyTrip users will initially have access to the voice-assisted feature in English and Hindi. In the near future, the company intends to expand the platform to include additional Indian languages like Bhojpuri and various southern languages.

Fitch retains India’s rating at ‘BBB-‘ as growth potential fights high deficit concerns
Fitch Ratings has affirmed India’s long-term foreign-currency issuer default rating (IDR) at ‘BBB-‘ with a stable outlook.

• The rating agency cited India’s robust growth outlook and resilient external finances as key factors in supporting its decision, despite concerns over weak public finances and lagging structural indicators.
• Fitch forecast India to be one of the fastest-growing Fitch-rated sovereigns globally at 6% in the fiscal year ending March 2024 (FY24), supported by resilient investment prospects.

SPORTS

Max Verstappen wins the Miami Grand Prix 2023
World champion Max Verstappen powered from ninth on the grid to beat Red Bull team-mate Sergio Perez and win the Miami Grand Prix 2023.

• The victory extends Verstappen’s lead at the top of the standings and follows his triumph in the inaugural Miami race last year.
• Aston Martin’s Spanish veteran Fernando Alonso took third for his fourth podium in five races this season as he continues to enjoy his late career revival.

AWARDS

Accenture tops Everest Group’s Annual IT Services Rankings for Seventh Consecutive Year
Global IT research firm Everest Group has released its annual PEAK Matrix Service Provider of the Year Awards for Information Technology (IT) services. The rankings recognise large IT service providers with over $2 billion in annual revenue who have demonstrated superior capabilities and service strategies.

• For the seventh year in a row, Accenture has secured the number one spot in the rankings, followed by Tata Consultancy Services (TCS), Capgemini, Wipro, and HCLTech. TCS climbed to second place, while Capgemini and Wipro each rose three positions in the rankings over last year. This year’s Star Performers include LTIMindtree, TCS, Capgemini, and HCLTech.
• Newcomers to the ITS leaderboard this year include LTIMindtree (No. 10), EY (No. 18), Orange Business Services (No. 19), and EPAM (No. 20). Meanwhile, UST Global and EXL exited the list in 2023.

SCIENCE & TECHNOLOGY 

Air Force Receives 1st Batch Of Indigenous VTOL Loitering Munition
The air force has received its first indigenously designed and developed loitering munitions. These are capable of operating from all kinds of terrain and high altitude areas and can take down targets at a range of over 50 km, without exposing any personnel to risk.

• Developed by Tata Advanced Systems Limited (TASL), the autonomous system is designed for Vertical Take Off and Landing (VTOL) and has successfully demonstrated its capability to carry out precision strikes during trials and tests.
• Named the ALS 50, the munition – also known as a suicide drone – has been developed by a team of young engineers at TASL and can be scaled up to increase firepower as well as targeting distance.

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