29th May 2021 Current Affairs


GK Update of twenty ninth May 2021 overlaying the next information headlines: Tata Digital, UN’s prestigious medal, Indian Broadcasting and Digital Foundation, International Day of United Nations Peacekeepers. 

International News

1. US Senate confirms Christine Wormuth as first feminine Army secretary

  • Christine Wormuth was confirmed unanimously by the Senate to be the primary feminine secretary of the Army.
  • Wormuth, who led President Joe Biden’s transition workforce on the Pentagon, obtained an overwhelmingly heat reception from members of the Senate Armed Services Committee throughout a listening to this month.
  • Her affirmation units her up as one of many extra highly effective officers in a defence institution lengthy dominated by males. She is the second girl named to a prime Pentagon position by Biden. The deputy secretary of defence is Kathleen Hicks.

Important takeaways for all aggressive exams:

  • President of United States: Joe Biden; Capital: Washington, D.C.

2. Bashar Al-Assad Re-Elected as Syrian President for 4th Term

  • Syrian President, Bashar al-Assad has been re-elected for the fourth straight 7-year time period in a landslide victory, profitable 95.1 per cent of the overall votes forged.
  • The 55-year-old Assad is serving because the Nineteenth President of Syria since 17 July 2000.
  • On the eve of the election, the United States, Britain, France, Germany and Italy stated the ballot was “neither free nor fair”, and Syria’s fragmented opposition has known as it a “farce”.

Important takeaways for all aggressive exams:

  • Syria Capital: Damascus; Currency: Syrian pound.

Appointments News

3. One-year extension for RAW chief Samant Goel, IB head Arvind Kumar

  • Research and Analysis Wing chief, Samant Kumar Goel and Intelligence Bureau head Arvind Kumar got a one-year extension of their companies.
  • Goel, a 1984-batch IPS officer from Punjab cadre, would proceed to be the Secretary of Research and Analysis Wing (RAW) for a interval one 12 months past the presence tenure which ends on June 30.
  • Similarly, Kumar, an IPS officer of Assam and Meghalaya cadre, will proceed to go the Intelligence Bureau for a interval of 1 12 months after June 30.

4. B.V.R. Subrahmanyam to be Commerce Secretary

  • The appointments committee of the Cabinet (ACC) has permitted the appointment of B.V.R. Subrahmanyam, Chief Secretary Jammu & Kashmir as an officer on particular responsibility within the Department of Commerce. An order issued by the Union Ministry of Personnel, Public Grievances and Pensions.
  • Mr Subrahmanyam is a 1987 batch IAS officer of the Chhattisgarh cadre and was despatched on deputation to Jammu and Kashmir in June 2018.
  • He served as Chief Secretary when the State was bifurcated into two Union Territories in 2019. He is a broadly skilled bureaucrat having labored in Manmohan Singh Prime Minister’s Office as Joint Secretary.

5. Louvre will get its first feminine chief in 228 years

  • Historian Laurence des Cars turns into the primary feminine president of Musée du Louvre, the world’s largest museum in Paris, France in 228 years.
  • She was appointed as the primary feminine president of Musée du Louvre by the President of France, Emmanuel Macron.
  • Laurence des Cars, 54, is at present heading the Musée d’Orsay, the Paris landmark museum which is devoted to Nineteenth-century artwork.
  • On September 1, 2021, she’s going to change the present president, Jean-Luc Martinez, who had been heading the Orsay museum for the previous eight years.

Important takeaways for all aggressive exams:

  • France Capital: Paris.
  • France President: Emmanuel Macron.
  • France Prime minister: Jean Castex
  • France Currency: Euro.

Business News

6. Tata Digital buys 64% stake in BigBasket

  • Tata Digital has acquired a majority stake in on-line grocery BigBasket, a deal that pits the nation’s largest conglomerate towards entrenched e-commerce gamers. The digital unit of the salt-to-software group didn’t disclose the monetary particulars of the deal.
  • Regulatory filings confirmed that it has acquired round 64% stake in Supermarket Grocery Supplies that owns BigBasket.
  • BigBasket board had permitted the deal earlier this week and Tata Digital has infused major capital of $200 million within the egrocer at a post-money valuation of $2 billion.

Banking News

7. RBI Annual Report 2021: Highlights

  • Reserve Bank of India (RBI) has printed its annual report and highlights “asset quality of banks and their preparedness requires close monitoring for higher provisioning for upcoming quarters”.
  • In its annual report, the central financial institution stated the nation’s development prospects now primarily rely upon how briskly India can arrest the second wave of COVID-19 infections.

RBI Annual Report 2021:

  • RBI in its semi-annual monetary stability report earlier highlighted dangerous mortgage ratio of banks may rise to 13.5% below the baseline stress state of affairs by September 2021.
  • The Provision Coverage Ratio (PCR) of banks improved from 66.6% in March 2020 to 75.5 % by December 2020, due to prudent provisioning by banks above regulatory prescriptions on accounts availing moratorium and present process restructuring.
  • The capital to risk-weighted property ratio (CRAR) of banks elevated to fifteen.9% by December 2020, in March it was 14.8%.
  • In its report, RBI cautioned “banks being lenders should present a real image of dangerous loans after Supreme Court lifted the interim keep on classifying non-performing property (NPA) in March 2021.
  • According to it, waiver of compound curiosity on all mortgage accounts opted for a moratorium throughout March-August 2020 would put stress on the monetary well being of banks.
  • The Gross NPA ratio of banks decreased from 8.2% in March 2020 to six.8% in December 2020.
  • The Gross NPA ratio for non-banking monetary establishments (NBFCs) elevated from 6.8% in March to five.7% in December 2020.
  • The capital adequacy ratio of NBFCs elevated from 24.8% in December 2020 to 23.7% in March.
  • Frauds reported by banks fell by 25% in worth phrases in only one 12 months to Rs 1.38 lakh crore on the finish of fiscal 12 months ended March 2021, knowledge launched by the RBI as a part of it annual report confirmed.
  • The Reserve Bank of India on twenty seventh May stated banknotes in circulation witnessed the next than the common enhance throughout 2020-21, on account of precautionary holding of money by folks because of the COVID-19 pandemic, and its extended continuance. Value and quantity of banknotes in circulation elevated by 16.8% and seven.2% respectively in 2020-21.

Awards News

8. 3 Indian peacekeepers to be honoured with UN’s prestigious medal

  • Corporal Yuvraj Singh, civilian peacekeeper Ivan Michael Picardo, and Moolchand Yadav are amongst these to be honoured with the UN’s prestigious medal.
  • Corporal Yuvraj Singh was serving on the United Nations Mission in South Sudan (UNMISS) whereas civilian peacekeeper Ivan Michael Picardo was related to UNAMISS as a civil peacekeeper.
  • Moolchand Yadav was related to the United Nations Assistance Mission in Iraq (UNAMI).
  • Three Indian peacekeepers, who laid down their lives whereas serving in United Nations (UN) peacekeeping missions final 12 months, are amongst 129 army, police and civilian personnel honoured with a prestigious UN medal awarded posthumously for braveness and sacrifice within the line of responsibility.

Important Days News

9. International Day of United Nations Peacekeepers: 29 May

  • The “International Day of United Nations Peacekeepers” is noticed on May 29 yearly.
  • The day is well known to pay tribute to all of the women and men who’ve served and proceed to serve in United Nations peacekeeping operations for his or her excessive degree of professionalism, dedication, and braveness and to honour the reminiscence of those that have misplaced their lives in the reason for peace.
  • The day was designated by United Nations General Assembly on December 11, 2002, and first celebrated in 2003. The 2021 Theme: “The road to a lasting peace: Leveraging the power of youth for peace and security.”

10. International Everest Day: twenty ninth May

  • International Everest Day is being noticed on twenty ninth May. Nepalese Tenzing Norgay and New Zealand’s Edmund Hillary had climbed Mt. Everest on at the present time in 1953, as the primary people to attain the feat.
  • Nepal determined to watch the day as International Everest Day in 2008 when the legendary climber Hillary handed away.
  • Everest Day on May 29 yearly in reminiscence of the primary summit of Mt. Everest by Sir Edmund Hillary and Tenzing Norgay Sherpa on the day in 1953.
  • The day is well known with memorial occasions, processions, and particular occasions in Kathmandu and the Everest area.

Important takeaways for all aggressive exams:

  • Nepali identify of Mt. Everest: Sagarmatha;
  • Tibetan identify: Chomolungma.
  • Prime minister of NepalKP Sharma Oli; President: Bidhya Devi Bhandari.
  • Capital of Nepal: Kathmandu; Currency: Nepalese rupee.

11. World Digestive Health Day: 29 May

  • Every 12 months, World Digestive Health Day (WDHD) is noticed on 29 May. It is organised by the World Gastroenterology Organisation (WGO) in collaboration with the WGO Foundation (WGOF).
  • Each 12 months the day focuses upon a specific digestive illness and/or dysfunction with the intention to enhance normal public consciousness of prevention, prevalence, prognosis, administration and remedy of the illness and/or dysfunction. The theme of WDHD 2021 is “Obesity: An Ongoing Pandemic.”
  • World Digestive Health Day was launched in 2004 to mark the forty fifth anniversary of the creation of the World Gastroenterology Organisation. The organisation has over 100 member societies and 50,000 particular person members all around the world.

Important takeaways for all aggressive exams:

  • WGO Headquarters: Milwaukee, Wisconsin, United States.
  • WGO Founded: 1958.

12. Amnesty International Day: 28 May

  • Amnesty International Day is noticed yearly on May 28, as a result of it was on at the present time in 1961 that this non-governmental group was based in London.
  • The Amnesty International was based on 28 May 1961 in London, following the publication of the article “The Forgotten Prisoners” in The Observer, a British newspaper, by the lawyer Peter Benenson.
  • Amnesty International is a non-governmental group that focuses on the safety of human rights, by working to forestall abuses to human rights, struggle for justice for these whose rights have been violated, broaden and implement human rights protections in worldwide regulation, by lobbying governments and different highly effective teams and publicizing their violations.
  • The organisation has received the 1977 Nobel Peace Prize for its “defence of human dignity against torture,” and the United Nations Prize within the Field of Human Rights in 1978.

Miscellaneous News

13. IBF to be renamed as Indian Broadcasting and Digital Foundation

  • The Indian Broadcasting Foundation (IBF), the apex physique of broadcasters, is being renamed as Indian Broadcasting and Digital Foundation (IBDF), because it expands its purview to cowl digital platforms to deliver all digital (OTT) gamers below one roof.
  • IBDF is within the strategy of forming a brand new wholly-owned subsidiary to deal with all issues pertaining to digital media.
  • IBDF may even type a Self-Regulatory Body (SRB), as per the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021 as notified by the Government of India on twenty fifth February 2021.

14. Hong Kong girl breaks file for the quickest ascent of Everest

  • Tsang Yin-hung, a Hong Kong-based mountaineer, has created the file of the world’s quickest ascent of Everest by a girl, throughout the time of slightly below 26 hours.
  • The 44-year-old Tsang, scaled the 8,848.86-metre (29,031 ft) Everest mountain in a file time of 25 hours and 50 minutes on May 23. It was her third try of scaling the Himalayan peak.
  • In 2017, Tsang turned the primary Hong Kong girl to achieve the highest of the mountain peak. Before this, the file of quickest girl to overcome Everest was held by Nepali Phunjo Jhangmu Lama, who had accomplished the climb in 39 hours 6 minutes in 2018.

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