4th May 2021 Current Affairs



GK Update of 04th May 2021 overlaying the next information headlines: International Firefighters’ Day, ICICI Bank, Kotak Mahindra Life, Facebook, Thisara Perera, Coal Miners’ Day.

Banking News

1. RBI imposes ₹3 crore penalty on ICICI Bank

  • The Reserve Bank of India (RBI) has imposed a financial penalty of ₹3 crores on ICICI Bank for non-compliance with its instructions within the matter of shifting of securities from one class to a different.
  • The financial penalty has been imposed on the Bank for contravention of sure instructions contained in its Master Circular on ‘Prudential Norms for Classification, Valuation and Operation of Investment Portfolio by Banks.’

Important takeaways for all aggressive exams:

  • ICICI Bank Headquarters: Mumbai, Maharashtra.
  • ICICI Bank MD & CEO: Sandeep Bakhshi.
  • ICICI Bank Tagline: Hum Hai Na, Khayal Apka.

Economy News

2. Barclays Projects India’s GDP Growth Forecast to 10% in FY22

  • UK-based world brokerage agency Barclays has minimize India’s GDP development estimate for 2021-22 (FY22) to 10 per cent from its earlier estimate of 11 per cent.
  • Apart from this, Barclays has estimated the financial system to contract by 7.6 per cent in FY21.

Appointments News

3. Kotak Mahindra Life appoints Mahesh Balasubramanian as MD

  • Kotak Mahindra Life Insurance Company Limited (KLI) on 1st May introduced it has appointed Mahesh Balasubramanian as managing director of the corporate. He has been appointed following the retirement of G Murlidhar.
  • The firm is in receipt of approval from the Insurance Regulatory Development Authority of India for the appointment of Balasubramanian. The appointment is for a interval of three years. Suresh Agarwal has been elevated to MD & CEO of Kotak General Insurance.

4. Justice Pant appointed NHRC performing chairperson

  • The National Human Rights Commission (NHRC) member Justice (retired) Prafulla Chandra Pant had been appointed because the performing chairperson of the Commission with impact from April 25.
  • A former Supreme Court decide, Justice Pant was appointed member of the NHRC on April 22, 2019.  The put up of a chairperson has been vacant since Justice H.L. Dattu, a former Chief Justice of India, accomplished his tenure on December 2, 2020.

Important takeaways for all aggressive exams:

  • National Human Rights CommissionShaped: 12 October 1993;
  • National Human Rights Commission Jurisdiction: Government of India;
  • National Human Rights CommissionHeadquarters: New Delhi.

Agreements News

5. Yono by SBI Joins Hands with Shivrai Technologies

  • Shivrai Technologies partnered with main digital banking platform, Yono SBI to assist smallholder, marginal, and large-holder farmers by means of a free software.
  • This will permit them to deal with their prices incurred, in addition to the bookkeeping of complete income which can be in line.
  • The goal to assist farmers throughout the nation to handle their accounts effectively, thus chopping down on losses. Shivrai additionally owns their very own B2B model, FarmERP. 

Important takeaways for all aggressive exams:

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

6. Facebook to introduces vaccine finder instrument on cell app in India

  • Facebook has partnered with the Indian authorities to roll out a vaccine finder instrument on its cell app in India, which is able to assist folks establish locations close by to get inoculated.
  • The social media big had, earlier this week, introduced a USD 10 million grant for emergency response efforts for the COVID-19 state of affairs within the nation.
  • Partnering with the Government of India, Facebook will start rolling out its Vaccine Finder instrument on the Facebook cell app in India obtainable in 17 languages to assist folks establish locations close by to get the vaccine,”.
  • In this instrument, vaccine centre places and their hours of operation have been offered by the Ministry of Health and Family Welfare (MoHFW).
  • The cumulative variety of COVID-19 vaccine doses administered within the nation has crossed 15.22 crore.
  • Also, greater than 2.45 crore folks have registered themselves on the Co-WIN digital platform forward of Phase-3 of the COVID-19 vaccination for these above 18 years that’s set to begin from May 1.

Important takeaways for all aggressive exams:

  • Chief Executive Officer of Facebook: Mark Zuckerberg.
  • Facebook Headquarters: California, US.

Sports News

7. Sri Lankan all-rounder Thisara Perera Announces Retirement

  • Sri Lankan all-rounder and former captain, Thisara Perera has introduced his retirement from worldwide cricket, ending his worldwide profession which spanned almost 12 years.
  • Perera performed six Tests, 166 ODIs (2338 runs, 175 wickets), and 84 T20Is (1204 runs, 51 wickets) for Sri Lanka, after making his debut in December 2009. The 32-year-old would proceed to play home and franchise cricket.

8. Sindhu, Michelle Li appointed ambassadors for IOC’s ‘Believe in Sport’ marketing campaign

  • The Badminton World Federation introduced that India shuttler PV Sindhu and Canada’s Michelle Li have been nominated as athlete ambassadors for the International Olympic Committee’s (IOC) ‘Believe in Sport’ marketing campaign geared toward stopping competitors manipulation.
  • Sindhu and Li shall be working alongside different athlete ambassadors from world wide to boost consciousness on the subject of competitors manipulation amongst athletes and encourage.
  • The pair have been world ambassadors for BWF’s ‘i am badminton’ marketing campaign since April 2020. The IOC’s ‘Believe in Sport’ marketing campaign was launched in 2018 to boost consciousness amongst athletes, coaches and officers of the specter of competitors manipulation.

Important takeaways for all aggressive exams:

  • International Olympic Committee Headquarters: Lausanne, Switzerland;
  • International Olympic Committee President: Thomas Bach;
  • International Olympic Committee Founded: 23 June 1894, Paris, France.

Important Days

9. International Firefighters’ Day: 04 May

  • The International Firefighters’ Day (IFFD) is noticed on May 4 yearly since 1999. The day is well known to recognise and honour the sacrifices that firefighters make to make sure that their communities and surroundings are as protected as doable.
  • The day was instituted, after the deaths of 5 firefighters in tragic circumstances in a bushfire in Australia on 2 December 1998.

10. Coal Miners’ Day: 4 May

  • Coal Miners’ Day is well known on May 4 to acknowledge the arduous work of a number of the nice unsung heroes of the Industrial Revolution.
  • The day is well known to indicate appreciation for the coal miners and honour their accomplishments.
  • Coal miners spend many of the days digging, tunnelling and extracting coal from the mines. They dig deep into the Earth to deliver out the riches that assist to maintain our life. Coal mining is without doubt one of the hardest professions.

11. World Asthma Day 2021: 04 May

  • World Asthma Day is noticed yearly on the 1st Tuesday of May. This yr, World Asthma Day is noticed on May 4, 2021.
  • The day unfold consciousness about bronchial asthma illness and care world wide. Whilst the first focus is supporting the particular person with bronchial asthma, assist might also lengthen to household, mates and caregivers.
  • The theme for 2021 World Asthma Day is “Uncovering Asthma Misconceptions“.

Obituaries News

12. Assam’s first feminine IAS officer Parul Debi Das passes away

  • Parul Debi Das, the primary feminine IAS officer from Assam, handed away. She was an Assam-Meghalaya cadre IAS officer.
  • She was the daughter of the previous cupboard minister of undivided Assam – Ramnath Das. She was the sister of former Assam Chief Secretary Naba Kumar Das.

13. ‘Shooter Dadi’ Chandro Tomar handed away

  • Shooter Chandro Tomar, nicknamed ‘Shooter Dadi’, handed away on the age of 89 as a consequence of Covid-19.
  • She was hailing from the Baghpat village in Uttar Pradesh, Tomar was 60-plus when she picked up the gun for the primary time however went on to win many nationwide competitions for veterans, her feats in the end inspiring the award-winning Bollywood film ‘Saand ki Aankh’.

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