26th May 2021 Current Affairs

 


GK Update of twenty sixth May 2021 protecting the next information headlines: Vesak Day, SBI analysis, NPCI, Mohali worldwide hockey stadium, 74th World Health Assembly, Mossad.

National News

1. Cabinet approves Opening of a brand new Consulate General of India in Maldives

  • Union Cabinet, chaired by Prime Minister Narendra Modi has authorised the opening of a brand new Consulate General of India in Addu City, the Maldives in 2021.
  • India and Maldives share ethnic, linguistic, cultural, non secular and industrial hyperlinks steeped in antiquity.
  • Maldives occupies an vital place within the ‘Neighbourhood First Policy’ and the ‘SAGAR’ (Security and Growth for All within the Region) imaginative and prescient of the Government of India. 
  • The opening of a Consulate General in Addu City will assist increase India’s diplomatic presence within the Maldives and make it commensurate with the prevailing and aspired stage of engagement.
  • The momentum and power within the bilateral relationship have reached unprecedented ranges below the management of Prime Minister Modi and President Solih. This can also be a forward-looking step in pursuit of our nationwide precedence of development and improvement or ‘SabkaSaathSabka Vikas’.
  • Augmentation of India’s diplomatic presence will, inter-alia, present market entry for Indian corporations and bolster Indian exports of products and providers. This would have a direct influence in augmenting home manufacturing and employment according to our aim of a self-reliant India or ‘Atmanirbhar Bharat’.

Important takeaways for all aggressive exams:

  • President of the Maldives: Ibrahim Mohamed Solih.
  • Capital of Maldives: Male; Currency of the Maldives: Maldivian Rufiyaa.

International News

2. Collinet Makosso appointed Republic of Congo’s new Prime Minister

  • The President of the Republic of Congo, Denis Sassou Nguesso has appointed Anatole Collinet Makosso because the nation’s Prime Minister.
  • He changed Clement Mouamba, in-office since 2016. Before this appointment, Makosso was the training minister of the Central African nation. He was additionally minister of youth and civic instruction from 2011 to 2016.
  • Since 2016, he has held the place of Minister of Primary and Secondary Education answerable for literacy. Mr Collinet Makosso was the deputy marketing campaign supervisor of candidate Sassou Nguesso over the past presidential election.

Important takeaways for all aggressive exams:

  • Congo Capital: Brazzaville;
  • Congo Currency: Congolese franc.

3. David Barnea Appointed as Israel’s Next Mossad Chief

  • Israeli Prime Minister Benjamin Netanyahu appointed David Barnea as the brand new head of the nation’s spy company, the Mossad.
  • Barnea, a former longtime Mossad operative, will succeed Yossi Cohen as head of Israel’s intelligence company on June 1. Cohen has served as Israel’s spymaster since taking workplace in 2016.
  • Barnea, who’s in his 50s, lives within the Sharon area north of Tel Aviv. He did his navy service within the elite Sayeret Matkal particular operations drive. About 30 years in the past, he enlisted within the Mossad, the place he grew to become a case officer.

Important takeaways for all aggressive exams:

  • Prime Minister of Israel: Benjamin Netanyahu.
  • Israel Capital: Jerusalem.
  • Israel Currency: Israeli Shekel.

State News

4. Mohali worldwide hockey stadium renamed after Balbir Singh Senior

  • The Punjab Government lastly introduced to rename the Mohali International Hockey Stadium, after triple Olympian and Padma Shri Balbir Singh Sr.
  • The stadium will now be often known as Olympian Balbir Singh Senior International Hockey Stadium.
  • The authorities additionally introduced to begin a scholarship scheme within the legend’s title for meritorious hockey gamers of the state.

Important takeaways for all aggressive exams:

  • Punjab CM: Captain Amarinder Singh.
  • Punjab Governor: V.P.Singh Badnore.

Economy News

5. Foreign direct funding jumps 19% to $59.64 bn in 2020-21

  • Foreign direct investments (FDI) into the nation grew 19 per cent to USD 59.64 billion throughout 2020-21 on account of measures taken by the federal government on the fronts of coverage reforms, funding facilitation and ease of doing enterprise.
  • Total FDI, together with fairness, re-invested earnings and capital, rose 10 per cent to the “highest ever” of USD 81.72 billion throughout 2020-21 as towards USD 74.39 billion in 2019-20.
  • In phrases of high investor international locations, Singapore is on the high with a 29 per cent share. It was adopted by the US (23 per cent) and Mauritius (9 per cent) over the past fiscal. FDI fairness influx grew by 19 per cent in 2020-21 (USD 59.64 billion), in comparison with 2019-20 (USD 49.98 billion).

6. Barclays pegs India’s FY22 GDP development at 7.7%

  • Barclays has pegged India’s financial development for fiscal 2021-22 (FY22), as measured by gross home product (GDP) at 7.7 per cent within the bear-case state of affairs if the nation is hit by the third wave of the Covid pandemic going forward.
  • The financial price, it believes, might rise by no less than an extra $42.6 billion, assuming one other spherical of comparable stringent lockdowns is imposed throughout the nation for eight weeks later this yr.

7. SBI analysis: GDP seemingly grew by 1.3% in This autumn FY21

  • India’s GDP is more likely to have grown at 1.3% within the fourth quarter of 2020-21 and should have contracted by about 7.3% for the total monetary yr, in accordance with an SBI analysis report ‘Ecowrap’.
  • The National Statistical Office (NSO) will launch the GDP estimates for the March 2021 quarter and provisional annual estimates for the yr 2020-21 on May 31.
  • State Bank of India (SBI) has developed a ‘nowcasting model’ with 41 high-frequency indicators related to business exercise, service exercise, and the worldwide financial system in collaboration with the State Bank Institute of Leadership (SBIL), Kolkata.
  • The economics analysis group mentioned that going by the estimate of 1.3% GDP development, India would nonetheless be the fifth-fastest-growing nation amongst 25 nations which have launched their GDP numbers thus far.

Important takeaways for all aggressive exams:

  • SBI Chairperson: Dinesh Kumar Khara.
  • SBI Headquarters: Mumbai.
  • SBI Founded: 1 July 1955.

Business News

8. NPCI companions PayCore to assist retailers settle for contactless funds 

  • The National Payments Corp. of India (NPCI) has partnered with Turkey’s international fee options firm PayCore as one of many licensed companions for RuPay SoftPOS to drive cashless funds throughout the nation.
  • RuPay SoftPOS permits retailers to just accept funds securely from contactless playing cards, cell wallets, and wearables simply with their cellphones.
  • NPCI has approved the SoftPOS answer developed by PayCore for RuPay. This answer could be built-in into financial institution or aggregator buying programs to allow buying of RuPay utilizing cellphones enabled with NFC functionality or add-ons.
  • Millions of retailers now can convert their close to discipline communication-enabled (NFC) smartphones right into a POS machine to just accept contactless funds by means of RuPay SoftPOS.

Important takeaways for all aggressive exams:

  • National Payments Corporation of India MD & CEO: Dilip Asbe.
  • National Payments Corporation of India Headquarters: Mumbai.
  • National Payments Corporation of India Founded: 2008.

Appointments News

9. IPS Subodh Kumar Jaiswal appointed new CBI director

  • IPS officer, Subodh Jaiswal has been appointed Director of the Central Bureau of Investigation (CBI). He was probably the most senior officer among the many three shortlisted for the submit of CBI Director.
  • Jaiswal, together with KR Chandra and VS Kaumudi, was short-listed out of 109 officers for the highest submit by the high-powered committee led by Prime Minister Narendra Modi. Other members of the committee embody Chief Justice of India (CJI) NV Ramana and Leader of Opposition within the Lok Sabha, Adhir Ranjan Chowdhury. 
  • The Appointments Committee of the Cabinet has primarily based on the panel beneficial by the Committee, authorised the appointment of Shri Subodh Kumar Jaiswal, IPS (MH: 1985) as Director, Central Bureau of Investigation (CBI) for a interval of two years from the date of assumption of cost of the workplace or till additional orders whichever is earlier.

Important takeaways for all aggressive exams:

  • Central Bureau of Investigation Headquarters: New Delhi.
  • Central Bureau of Investigation Founded: 1 April 1963.

Agreements News

10. India-Israel indicators 3-year program for Cooperation in Agriculture

  • India and Israel have inked a three-year joint work programme which can proceed until 2023. A joint work programme was initiated with the goal of enhancing cooperation in agriculture.
  • Under the brand new work programme, 13 Centres of Excellence (CoEs) had been set as much as make Indian farmers conscious of Israeli farm and water applied sciences. A mannequin ecosystem in agriculture known as Villages of Excellence (VoE) may also be created throughout eight states inside 75 villages.
  • The new programme will promote the rise in internet earnings and improve the livelihood of the person farmer. India and Israel have accomplished 4 comparable joint work programmes efficiently.

Summits and Conferences News

11. Dr Harsh Vardhan chairs 74th World Health Assembly

  • Union Minister of Health & Family Welfare and Chairman of WHO Executive Board, Dr Harsh Vardhan, chaired the 74th World Health Assembly in digital mode.
  • According to Dr Harsh Vardhan, the chief board has requested for additional efforts which may guarantee truthful and equitable entry to COVID-19 vaccines below COVAX Facility. Director-General of World Health Organisation, Dr Tedros, additionally participated within the occasion.
  • Board beneficial 74th World Health Assembly to contemplate the report on psychological well being preparedness and response for the Covid-19 pandemic.
  • It additional beneficial endorsing up to date complete Mental Health Action Plan for 2013 to 2030 and inspired WHO to work in collaboration with World Organisation for Animal Health and Food & Agriculture Organisation in order that supply of zoonotic virus could be recognized.

Awards News

12. SpiceHealth wins Gold Stevie Award 2021

  • SpiceHealth, a healthcare firm based by the promoters of SpiceJet, has gained the Gold Award on the 2021 Asia-Pacific Stevie Awards for ‘Most Valuable Medical Innovation’ below Covid19.
  • At a time when Covid-19 was at an all-time extreme in India in November 2020, SpiceHealth, beneath the administration of Avani Singh, disrupted the Real-Time Polymerase Chain Reaction (RT-PCR) testing home by offering checks in cell laboratories at ₹499, versus the then-present fee of ₹2,400 in Delhi and helped convey down Covid-19 testing worth dramatically all through the nation.
  • The Asia-Pacific Stevie Awards are the one enterprise awards program to recognise innovation inside the office in all 29 nations of the Asia-Pacific space. The Stevie Awards are broadly considered to be the world’s premier enterprise awards, conferring recognition for achievement in functions akin to The International Business Awards for 19 years.

Sports News

13. Casper Ruud wins Men’s Singles title at Geneva Open tennis

  • Norway’s Casper Ruud has gained the ATP Geneva Open closing with a 7-6 (8/6), 6-4 victory over Denis Shapovalov.
  • Victory in Geneva means the Norwegian world quantity 21 goes to be among the many high 16 seeds in Paris.
  • A second profession title lifted Ruud’s file to 2-2 in finals, all at clay-court occasions. The 22-year-old Norwegian’s earlier title was at Buenos Aires final yr.

Important Days

14. Vesak Day 2021 noticed globally on 26 May

  • Vesak Day 2021 is noticed globally on 26 May. Vesak, the Day of Full Moon is probably the most sacred day to Buddhists all around the world. On this present day, Lord Gautham Buddha attained enlightenment.
  • The Day is commemorated by the United Nations yearly. The Day is being celebrated by the United Nations since 2000. The decision to have a good time the day was handed in 1999. Since 2004, International Vesak Summit is being organized. In 2019, it was held in Vietnam. So far, the summit has been held 11 instances in Thailand, 3 instances in Vietnam and 1 time in Sri Lanka.
  • The choice to have a good time the birthday of Buddha as Vesak Day was first formalized on the World Fellowships of Buddhists convention that was held in Sri Lanka in 1950. The convention was attended by Buddhist leaders from a number of international locations.

Obituaries News

15. Record-setting U.S. Olympic sprinter Lee Evans passes away

  • Lee Evans, the record-setting sprinter who wore a black beret in an indication of protest on the 1968 Olympics then went onto a lifetime of humanitarian work in assist of social justice.
  • Evans grew to become the primary man to crack 44 seconds within the 400 meters, successful the gold medal on the Mexico City Games in 43.86.

16. Ex-Formula One boss Max Mosley passes away

  • Max Mosley, the previous head of Formula One’s governing physique, has died on the age of 81 after affected by most cancers.
  • The youngest son of Oswald Mosley, the chief of the British fascist motion within the Thirties.
  • Mosley was a racing driver, group proprietor and lawyer earlier than turning into president of the International Automobile Federation (FIA) in 1993.

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