23rd & 24th May 2021 Current Affairs


GK Update of twenty third and twenty fourth May 2021 protecting the next information headlines: Cyclone Yaas, Monaco Grand Prix 2021, Etienne Glichitch Award, Reserve Bank Innovation Hub, Bloomberg Billionaires Index, FIFA U-17 ladies’s World Cup.

Appointments News

1. Rajesh Bansal appointed as CEO of Reserve Bank Innovation Hub

  • The Board of Reserve Bank Innovation Hub (RBIH) has appointed Rajesh Bansal because the chief govt officer (CEO) of the RBIH with impact from May 17, 2021, the RBIH mentioned in an announcement.
  • The Reserve Bank Innovation Hub would develop inner infrastructure to advertise fintech analysis and facilitate engagement with innovators and start-ups.

2. Narinder Batra re-elected as FIH President

  • Narinder Batra has been re-elected because the President of the International Hockey Federation (FIH) for the second consecutive time period.
  • He was elected throughout the digital forty seventh Congress of FIH, the place he beat Marc Coudron, Chief of Belgium Hockey Federation, by simply two votes.
  • He will maintain the workplace till 2024 as a result of the FIH has diminished the time period from 4 to a few years.
  • The veteran Indian sports activities administrator is the one Asian to be appointed to the highest publish on the earth physique’s 92-year-old historical past.
  • He can be the President of the Indian Olympic Association (IOA) and a Member of the International Olympic Committee (IOC).

Important takeaways for all aggressive exams:

  • International Hockey Federation (FIH) Headquarters: Lausanne, Switzerland;
  • International Hockey Federation CEO: Thierry Weil;
  • International Hockey Federation Founded: 7 January 1924.

3. Himanta Biswa Sarma elected to BWF Council

  • The Badminton Association of India (BAI) President Himanta Biswa Sarma has been elected as a Member of the c for the interval 2021-25.
  • Sarma was elected amongst 31 contestants to the 20-member BWF Council on May 22, 2021, on the digital AGM and Council election of BWF, the place he received 236 votes in favour. He can be the Vice President of Badminton Asia and the Chief Minister of Assam.

Important takeaways for all aggressive exams:

  • Badminton World Federation Headquarters: Kuala Lumpur, Malaysia;
  • Badminton World Federation President: Paul-Erik Hoyer Larsen.

Banking News

4. Kotak Mahindra Bank points India’s first FPI licence to GIFT AIF

  • Kotak Mahindra Bank has issued the first-ever international portfolio investor (FPI) licence to the GIFT IFSC various funding fund (AIF) of True Beacon Global. This is the primary FPI licence issued to an AIF included in GIFT IFSC by any custodian financial institution or designated depository participant (DDP) within the nation.
  • AIF is a vital enterprise vertical at GIFT IFSC and gives enormous advantages and a aggressive edge for organising a fund in IFSC at GIFT City. In partnership with Kotak Mahindra Bank, True Beacon launched its first AIF in GIFT-City with PricewaterhouseCoopers(PWC) as consultants.

Important takeaways for all aggressive exams:

  • Kotak Mahindra Bank is India’s first non-banking finance firm which is transformed right into a financial institution;
  • Kotak Mahindra Bank Establishment: 2003 (Kotak Mahindra Finance Ltd. was established in 1985, transformed to Kotak Mahindra Bank in 2003);
  • Kotak Mahindra Bank Headquarters: Mumbai, Maharashtra;
  • Kotak Mahindra Bank MD & CEO: Uday Kotak;
  • Kotak Mahindra Bank Tagline: Let’s Make Money Simple.

Ranks and Reports News

5. Asia’s richest and second richest individuals are actually Indians

  • Billionaire Gautam Adani has edged previous Chinese tycoon Zhong Shanshan to turn out to be the second-richest Asian, in response to the Bloomberg Billionaire Index.
  • China’s Zhong was the richest Asian until February when he misplaced the crown to Mukesh Ambani, India’s richest individual and chairman of Reliance Industries Ltd.
  • However, whereas Ambani misplaced $175.5 million this 12 months, Adani’s wealth surged by $32.7 billion to the touch $66.5 billion, in opposition to Zhong’s $63.6 billion.
  • Ambani’s complete wealth now stands at $76.5 billion, making him the thirteenth richest on the earth, adopted by Adani at 14th.

Bloomberg Billionaires Index on May 21, 2021:

RankNameNet WorthCountry
 1Jeff Bezos$189BUS
 2Elon Musk$163BUS
3Bernard Arnault$162BFrance
 4Bill Gates$142BUS
 5Mark Zuckerberg$119BUS
  6Warren Buffet$108BUS
 7Larry Page$106BUS
 8Sergey Brin$102BUS
 9Larry Ellison$91.2BUS
10 Steve Ballmer$89.2BUS
11Francoise Bettercourt Meyers$87.2BFrance
12Amancio Ortega$82.4BSpain
13Mukesh Ambani$76.3BIndia
14Gautam Adani$67.6BIndia
15Zhong Shanshan$65.6BChina

6. Forbes Highest paid Athletes record 2021 launched

  • Forbes has unveiled its annual record of the 10 highest-paid athletes of the 12 months. UFC star Conor McGregor has topped the Forbes record by incomes $180 million up to now 12 months beating soccer superstars Lionel Messi and Cristiano Ronaldo to turn out to be the highest-paid athlete on the earth.
  • The elements utilized by Forbes’ for calculation embody all prize cash, salaries and bonuses earned between May 1, 2020, and May 1, 2021. 

Ranking Index

 1 Conor McGregor (Ireland)MMA$180 million
 2Lionel Messi (Argentina)Soccer$130 million
Cristiano Ronaldo (Portugal)Soccer$120 million
 4Dak Prescott (United States)Football$107.5 million
 5Lebron James (United States)Basketball$96.5 million
  6Neymar (Brazil)Soccer$95 million
 7Roger Federer (Switzerland)Tennis$90 million
 8Lewis Hamilton (United Kingdom) Formula 1$82 million
 9Tom Brady (United States)Football$76 million
Kevin Durant (United States)Basketball$75 million

Summits and Conferences News

7. Italy hosts the Global G20 Summit

  • The Global G20 Health Summit was co-hosted by European Commission together with Italy as a part of its G20 presidency amid the surge and unfold of coronavirus circumstances.
  • The summit adopted the agenda to beat the Covid-19 pandemic. It additionally determined to develop and endorse a Rome Declaration of ideas.
  • Summit famous the chance of extra transmissible variants has elevated with 9 folks dropping their lives to Covid-19 per minute.
  • As per WHO officers, the way forward for the pandemic is in arms of G20 leaders. G20 has additionally contributed to the launch of ACT-Accelerator because it was launched after G20 referred to as for a world mechanism to speed up the event of exams, remedies and vaccines.

Important takeaways for all aggressive exams:

  • Italy Capital: Rome;
  • Italy Currency: Euro;
  • Italy President: Sergio Mattarella.

Awards News

8. Naturalist Jane Goodall wins 2021 Templeton prize for all times’s work

  • The naturalist Jane Goodall has been introduced because the 2021 winner of the Templeton Prize in recognition of her life’s work on animal intelligence and humanity.
  • Goodall constructed her world repute on her groundbreaking research of chimpanzees in Tanzania within the Nineteen Sixties.
  • The Templeton Prize is an annual award granted to a residing individual, within the estimation of the judges, “whose exemplary achievements advance Sir John Templeton’s philanthropic vision: harnessing the power of the sciences to explore the deepest questions of the universe and humankind’s place and purpose within it.”

About Templeton Prize

  • Instituted: 1973;
  • Presented by: John Templeton Foundation;
  • Reward(s): £1.1 million;
  • Currently held by: Francis Collins;
  • Awarded for: Outstanding contributions in affirming life’s religious dimension, whether or not by way of perception, discovery, or sensible works.

9. Hockey India wins Etienne Glichitch Award

  • Hockey India has gained the celebrated Etienne Glichitch Award in recognition of its contribution to the expansion and improvement of the game within the nation.
  • The awards had been introduced by the sport’s governing physique FIH throughout the HockeyInvites digital convention. It was a part of its forty seventh FIH Congress which concluded with the FIH Honorary Awards.

Other Awards offered as part of the forty seventh FIH Congress:

 1Pablo Negre AwardUzbekistan Hockey Federation
 2Theo Ikema AwardPolish Hockey Association
3HRH Sultan Azlan Shah AwardSharon Williamson of New Zealand
 4Guust Lathouwers Memorial TrophyIvona Makar

Sports News

10. FIFA U-17 ladies’s World Cup to be held in India in October 2022

  • The U-17 ladies’s World Cup might be held in India from October 11 to 30 subsequent 12 months, Fifa Council mentioned on twenty first May. India was earlier scheduled to host the 2020 U-17 World Cup however it was postponed to 2021 earlier than being cancelled because of the Covid-19 pandemic.
  • The FIFA Council authorized key dates for the worldwide match calendars, together with the dates of the 2022 U-17 World Cup in India.
  • The Council additionally authorized dates for the FIFA U-17 Women’s World Cup India 2022 (11-30 October 2022), FIFA U-20 Women’s World Cup Costa Rica 2022 (10-28 August 2022), in addition to a 14-team playoff for the FIFA Arab Cup 2021, going down between 19 and 25 June this 12 months and Women’s World Cup Australia and New Zealand 2023 from July 20 to August 20, 2023.

Important takeaways for all aggressive exams:

  • President of FIFA: Gianni Infantino; Founded: 21 May 1904.
  • Headquarters: Zürich, Switzerland.

11. Atletico Madrid clinch La Liga title

  • Atletico Madrid pipped metropolis rivals Real Madrid to the La Liga title on twenty second May Luis Suarez fired them to a 2-1 comeback win at Real Valladolid.
  • Atletico completed prime of the standings on 86 factors whereas Real, who snatched a late 2-1 win over Villarreal, got here second on 84. Valladolid completed nineteenth and was relegated to Spain’s second division.

12. Red Bull’s Max Verstappen wins Monaco Grand Prix 2021

  • Red Bull’s Max Verstappen has gained the Monaco Grand Prix for the primary time to take the Formula One championship lead from Lewis Hamilton.
  • Ferrari’s Carlos Sainz Jr. completed second, whereas McLaren, L. Norris got here in a disappointing third place. Verstappen’s second win this season and twelfth of his profession moved the Red Bull driver 4 factors forward of Hamilton general.
  • The seven-time world champion completed seventh on a foul day for the normally ultra-reliable Mercedes staff.

Books and Authors News

13. A ebook title “Nehru, Tibet and China” authored by Avtar Singh Bhasin

  • A ebook has titled “Nehru, Tibet and China” authored by Avtar Singh Bhasin.
  • The ebook primarily based on years of meticulous archival analysis, this ebook in fascinating element, analyses the occasions from 1949 to the Indo-China conflict in 1962 and its aftermath to discover the solutions to those burning questions.

14. ‘India and Asian Geopolitics: The Past, Present’ is authored by Shivshankar Menon

  • A ebook has titled ‘India and Asian Geopolitics: The Past, Present’ is authored by Shivshankar Menon.
  • He was the Prime Minister’s National Security Adviser and Foreign Secretary, is exploring these phases of their historic context to inform the story of how India weathered the various geopolitical storms of the previous in his newest ebook.
  • Menon has taken a distinct strategy to historical past. He underscores the seriousness of China taking Tibet in 1950, which, in response to him, was a pivotal second in India-China relations, however challenges the argument that India did not cease the Chinese invasion.

Important Days

15. World Turtle Day celebrated on 23 May

  • The World Turtle Day is noticed on May 23 yearly by American Tortoise Rescue, a nonprofit group.
  • The day is well known to lift consciousness amongst folks to guard turtles and tortoises and their disappearing habitats all over the world. The day is being celebrated since 2000 by American Tortoise Rescue, a nonprofit group established in 1990 for the safety of all species of tortoise and turtle.
  • The theme of 2021 World Turtle Day is “Turtles Rock!”.

Important takeaways for all aggressive exams:

  • Founders of American Tortoise Rescue: Susan Tellem and Marshall Thompson.
  • American Tortoise Rescue is positioned in Malibu, California.
  • American Tortoise Rescue was based in 1990.

16. International Day to End Obstetric Fistula noticed on 23 May

  • Every 12 months, United Nations (UN) International Day to End Obstetric Fistula is marked on twenty third May since 2013 to advertise motion in the direction of treating and stopping obstetric fistula, a situation that impacts many women and girls throughout childbirth in creating international locations.
  • The day is being noticed to considerably elevate consciousness and intensify actions in the direction of ending obstetric fistula, in addition to urging post-surgery follow-up and monitoring of fistula sufferers. Obstetric fistula is without doubt one of the most critical and tragic accidents that may happen throughout childbirth.
  •  The theme 2021: “Women’s rights are human rights! End fistula now!”.
  • In 2003 the United Nations Population Fund (UNFPA) and its companions launched the worldwide Campaign to End Fistula, a collaborative initiative to stop fistula and restore the well being of these affected by the situation. The day was formally recognised in 2012.

Important takeaways for all aggressive exams:

  • United Nations Population Fund Headquarters: New York, United States;
  • United Nations Population Fund Head: Natalia Kanem;
  • United Nations Population Fund Founded: 1969.

Obituaries News

17. Indian boxing’s first Dronacharya awardee coach O P Bhardwaj passes away

  • Indian boxing’s first Dronacharya awardee coach, O P Bhardwaj has handed away. He has bestowed the highest nationwide honour in teaching collectively with Bhalchandra Bhaskar Bhagwat (wrestling) & O M Nambiar (athletics) when it was launched in 1985.
  • Bhardwaj was India’s nationwide boxing coach from 1968 to 1989 & additionally served as a nationwide selector. He was the primary chief teacher for the game on the National Institute of Sports India in Patiala.

18. Veteran Music Director Laxman of the duo composers “Raam-Laxman” passes away

  • Renowned music director “Laxman” of the well-known duo composers “Raam-Laxman”, has handed away as a consequence of a coronary heart assault. His actual title was Vijay Patil, however was higher often called Raamlaxman and was most well-known for his work with Rajshri Productions of Hindi movies.
  • Laxman composed music for a number of of their hit movies like Agent Vinod (1977), Maine Pyar Kiya (1989), Hum Aapke Hain Koun..! (1994), Hum Saath Saath Hain (1999). Raamlaxman has labored in nearly 75 movies in Hindi, Marathi and Bhojpuri.

19. Former Atomic Energy Commission of India Chief Srikumar Banerjee Passes Away

  • The former Chairman of the Atomic Energy Commission of India, Dr. Srikumar Banerjee, has handed away. He retired as Chairman of the Atomic Energy Commission and Secretary of the Department of Atomic Energy in 2012.
  • He had additionally served because the Director of the Bhabha Atomic Research Centre (BARC) for six years until 2010.
  • Dr Banerjee obtained the Padma Shri in 2005 and the Shanti Swarup Bhatnagar Award in 1989 for his distinctive service within the discipline of science, particularly within the areas of atomic vitality and metallurgy.

Miscellaneous News

20. Cyclone Yaas to hit West Bengal, Odisha

  • A class 5 cyclonic storm has been forecasted to make its landfall alongside the shoreline of West Bengal and Odisha between May 26-27. Once shaped, the cyclone might be named ‘Yaas’.
  • Yaas might be as lethal as Amphan which was additionally shaped within the Bay of Bengal in May final 12 months. Yaas, named by Oman as such, refers to a Jasmine-like tree that has an excellent perfume.
  • A rotational record of the names of cyclones is maintained by the World Meteorological Organisation (WMO), with the names particular for every tropical zone. If a cyclone is particularly lethal then its title isn’t used and is changed by one other title. The record has a complete of 169 names at current which might be used on a rotational foundation.

Important takeaways for all aggressive exams:

  • World Meteorological Organisation Headquarters: Geneva, Switzerland;
  • World Meteorological Organisation Founded: 23 March 1950;
  • World Meteorological Organisation President: David Grimes.


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