12th May 2021 Current Affairs


GK Update of twelfth May 2021 masking the next information headlines: Har Ghar Jal, Mayflower 400, IREDA, International Nurses Day, National Asset Reconstruction Company, Jana Small Finance Bank.

International News

1. K P Sharma Oli loses vote of confidence in House of Representatives

  • Nepal Prime Minister K P Sharma Oli has misplaced the vote of confidence within the House of Representatives.
  • K P Sharma Oli acquired 93 votes in his favour whereas 124 voted towards him. In the 275-member House of Representatives, he required a minimum of 136 Votes to win the belief vote within the decrease of the House of Representatives.
  • After the NCP (Nationalist Congress Party) withdrew its assist from the federal government, PM Oli confronted a vote of confidence.
  • In January, K P Sharma Oli was expelled from the first membership of the Nepal Communist Party for his determination to dissolve the Parliament.

Important takeaways for all aggressive exams:

  • Nepal capital is Kathmandu and the foreign money is Nepalese Rupees.
  • President of Nepal: Bidya Devi Bhandari.

State News

2. Puducherry turns into ‘Har Ghar Jal’ UT

  • Puducherry has achieved the goal of 100% piped water connection in rural areas beneath the Jal Jeevan Mission (JJM). Earlier, Goa, Telangana and Andaman & Nicobar Islands have offered faucet water provide to each rural residence beneath Jal Jeevan Mission.
  • So, Puducherry is the fourth State/UT to offer assured faucet water provide to each rural residence beneath Jal Jeevan Mission.
  • Jal Jeevan Mission is a flagship programme of the Union Government. It was introduced in August 2019. It goals to offer a faucet water connection to each rural family of the nation by 2024.

Important takeaways for all aggressive exams:

  •  Chief Minister of Puducherry: N Rangasamy.

Appointments News

3. Padmakumar Nair Appointed As CEO Of National Asset Reconstruction Company

  • Padmakumar M Nair has been appointed because the CEO of the proposed National Asset Reconstruction Company Ltd. Presently Padmakumar is the Chief General Manager of Stressed Assets Resolution Group at SBI.
  • National Asset Reconstruction Company Ltd. is a proposed unhealthy financial institution for taking up careworn property of lenders and was introduced by Finance Minister Nirmala Sitharaman within the price range for 2021-22 to consolidate and take over present careworn property of lenders and undertake their decision.
  • Bad financial institution refers to a monetary establishment that takes over the unhealthy property of lenders and undertakes decision.
  • National Asset Reconstruction Company Ltd (NARCL) pays as much as 15 per cent of the agreed worth for the loans in money and the remaining 85 per cent could be government-guaranteed safety receipts.

Economy News

4. Moody’s Projects India’s GDP Forecast for FY22 to 9.3%

  • The ranking company Moody’s has reduce the gross home product (GDP) forecast of India for FY22 (01 April 2021-31 March 2022) to 9.3 per cent. Earlier this price was projected at 13.7 per cent.
  • The downward revision in GDP estimates is as a result of second wave of Covid infections throughout the nation, which have triggered localised lockdowns and mobility curbs.

5. Nomura Revises GDP Growth Estimate of India in FY22 to 10.8%

  • Nomura has reduce the GDP progress estimate of India for the present 2021-22 fiscal (FY22) to 10.8 per cent from the sooner projection of 12.6 per cent.
  • The reduce within the GDP price is as a result of affect of the second wave-induced lockdowns. Nomura is a Japanese brokerage having its headquarter in Tokyo.

6. United Nations: India Projected To Grow At 10.1% In 2022

  • The United Nations has projected that the Indian financial system would develop at 10.1 per cent within the calendar yr 2022, almost double the 5.9 per cent progress forecast for the nation within the January report.
  • But cautioned that the expansion outlook of 2021 was “highly fragile” because the nation was the “new hotbed of the pandemic.”
  • The mid-year replace stated that India will register a 7.5-per cent progress price within the calendar yr 2021, after an estimated contraction of 6.8 per cent in 2020.

Important takeaways for all aggressive exams:

  • United Nations Headquarters in New York, USA.
  • Mr Antonio Guterres is the Secretary-General of the United Nations.

Banking News

7. Jana Small Finance Bank launches ‘I choose my number’ characteristic

  • Jana Small Finance Bank has introduced the launch of the “I choose my number” characteristic for all its clients throughout India.
  • This new characteristic provides the financial institution’s present and new clients the choice to pick their favorite numbers as their financial savings or present account quantity.
  • The financial institution will enable its clients to decide on their favorite numbers because the final 10 digits of their checking account, financial savings or present.
  • The allocation of the account quantity chosen by the shopper can be topic to the supply of the requested quantity.
  • This added characteristic will assist clients relate and hook up with the financial institution extra intently as they select auspicious or fortunate numbers.

Important takeaways for all aggressive exams:

  • The tagline of Jana Small Finance Bank: ‘Paise Ki Kadar’;
  • MD and CEO of Jana Small Finance Bank: Ajay Kanwal;
  • Jana Small Finance Bank Founded: 24 July 2006;
  • Jana Small Finance Bank Headquarters Location: Bengaluru.

Defence News

8. Indian and Indonesian navies conduct train in Arabian sea

  • The Indian and Indonesian Navies carried out Passage Exercise (PASSEX) within the southern Arabian Sea with a concentrate on additional bettering their interoperability. The train was geared toward bettering interoperability and understanding between each the pleasant navies.
  • From the Indian Navy, INS Sharda, an Offshore Patrol Vessel (OPV) with a Chetak helicopter participated within the train.
  • From the Indonesian Navy, KRI Sultan Hasanudin, a 90m Corvette took half within the train.
  • PASSEXes are usually carried out by IN with items of Friendly Foreign Countries. The final PASSEX between IN and the Indonesian Navy was carried out on 13 Mar 21 between INS Kalpeni, IN Dornier and KRI Sultan Iskandar Muda.

Important takeaways for all aggressive exams:

  • Indonesia President: Joko Widodo;
  • Indonesia Capital: Jakarta;
  • Indonesia Currency: Indonesian Rupiah;
  • Chief of Naval Staff (CNS): Admiral Karambir Singh;
  • Integrated Headquarters of Ministry of Defence (Navy): New Delhi.

Awards News

9. IREDA conferred with Green Urja Award

  • Indian Renewable Energy Development Agency Ltd (IREDA) has been conferred with the “Green Urja Award” for being the Leading Public Institution within the Financing Institution for Renewable Energy this yr by the Indian Chamber of Commerce (ICC).
  • IREDA will get the award for the pivotal and developmental function it performs in Green Energy Financing.
  • The award recognises our immense contribution to the event of the Renewable Energy Sector in step with the Hon’ble Prime Minister’s imaginative and prescient of Atma Nirbhar Bharat.

Important takeaways for all aggressive exams:

  • IREDA Headquarters location: New Delhi;
  • IREDA Founded: 11 March 1987.

Sports News

10. New Zealand wicketkeeper BJ Watling to retire after World Test Championship

  • New Zealand wicketkeeper-batsman BJ Watling has introduced he could be retiring from worldwide cricket after the three Tests, together with the World Test Championship remaining towards India, on their upcoming England tour.
  • Watling has performed 73 Tests, 28 ODIs and 5 T20Is for the BlackCaps.
  • Watling grew to become simply the ninth wicketkeeper to hit a double hundred and the primary to hit a double towards England when he did so in Bay Oval in 2019.
  • Watling has been concerned in two 350-plus stands, one with Brendon McCullum in 2014 towards India and the opposite with Kane Williamson the next yr.

Important takeaways for all aggressive exams: 

  • Prime minister of New Zealand: Jacinda Ardern.
  • Capital of New Zealand: Wellington.
  • The foreign money of New Zealand: New Zealand greenback.

Important Days

11. International Nurses Day noticed globally on 12 May

  • International Nurse Day is noticed globally on 12 May yearly. This day is noticed to commemorate the delivery anniversary of Florence Nightingale.
  • She was often known as Lady with the Lamp. She was the founder of recent nursing and was a British social reformer and statistician.
  • The theme of 2021 International Nurses Day is ‘Nurses: A Voice to Lead – A vision for future healthcare’.
  • Florence Nightingale was put in control of nursing British and allied troopers in Turkey in the course of the Crimean War.
  • She is famend for organising the Nightingale School of Nursing, at St. Thomas’ Hospital in London (opened 1860) with the intention to formalize nursing training. She was the primary girl awarded the Order of Merit (1907).

Important takeaways for all aggressive exams:

  • International Council of Nurse’s headquarters: Geneva, Switzerland.
  • International Council of Nurses based: 1899.
  • International Council of Nurses President: Annette Kennedy.

Obituaries News

15. Kerala’s Oldest Serving MLA KR Gouri Amma Passes Away at 102

  • The senior-most communist chief of Kerala, KR Gouri Amma, who was the primary Revenue Minister within the first communist ministry of the state in 1957, has handed away on account of age-related illnesses. She was 102.
  • She was the second longest-serving MLA in Kerala Legislative Assembly and likewise the final surviving member of the primary Kerala authorities. After the break up of the Communist Party in 1964, K. R.
  • She joined the newly shaped Communist Party of India (Marxist). She shaped and headed the political social gathering Janathipathiya Samrakshana Samithy (JSS) in 1994 after her ouster from CPI (M).
  • She was the driving drive behind the historic Land Reforms Bill in Kerala. She had received 13 meeting elections, out of the full 17 contested.

Miscellaneous News

13. Mayflower 400: World’s First Unmanned Vessel To Navigate Across Atlantic

  • World’s First Unmanned Vessel named “Mayflower 400” is about to Navigate Across the Atlantic. It has been constructed by the marine analysis group ProfessionalMare in collaboration with IBM. It will start its transatlantic voyage on May 15, 2021, to trace aquatic mammals, analyze plastic within the water, and examine marine air pollution.
  • Mayflower 400 is a totally autonomous ship. It is a 15-m-long trimaran that weighs 9 tons. It is powered by Artificial Intelligence and the Sun’s vitality through photo voltaic panels.
  • ProfessionalMare invested $1 million together with international contributions within the type of know-how from India, the United States, and Switzerland to construct the ship.

Important takeaways for all aggressive exams:

  • IBM Chief Executive Officer(CEO): Arvind Krishna;
  • IBM Headquarters: Armonk, USA.

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