8th May 2021 Current Affairs


GK Update of 08th May 2021 masking the next information headlines: World Migratory Bird Day, Forest Ponds, Chief Minister of Puducherry, Regulatory Review Authority (RRA 2.0), Lakshmi Vilas Bank.

State News

1. Himachal Pradesh is Building ‘Forest Ponds’ to Harvest Rainwater

  • Under the Parvat Dhara scheme, the Himachal Pradesh authorities has initiated rejuvenation of water sources and recharging aquifers by way of the forest division with an outlay of Rs 20 crore.
  • The work was began in 10 forest divisions that embrace Bilaspur, Hamirpur, Jogindernagar, Nachan, Parvati, Nurpur, Rajgarh, Nalagarh, Theog and Dalhousie.
  • Under the scheme, the cleansing and upkeep of present ponds have been carried out. Also, the development of recent ponds, contour trenches, dams, test dams and retaining wall to regulate the soil erosion has been carried out.
  • The scheme goals to reinforce the water stage by retaining water for the utmost interval. Efforts are additionally being made to enhance the inexperienced cowl by planting fruit-bearing vegetation.

Important takeaways for all aggressive exams:

  • Himachal Pradesh Governor: Bandaru Dattatreya;
  • Himachal Pradesh CM: Jai Ram Thakur.

2. N Rangasamy Sworn in as Chief Minister of Puducherry

  • The All India NR Congress (AINRC) founder chief N Rangasamy has been sworn in because the Chief Minister of the Union Territory of Puducherry, for a file fourth time, on May 07, 2021.
  • N Rangasamy was administered the oath of workplace and secrecy by Lieutenant governor (extra cost) Tamilisai Soundararajan. Prior to this, the 71-year-old served as Chief Minister of Puducherry from 2001 to 2008 as a member of the Indian National Congress after which from 2011 to 2016 as a member of AINRC.
  • It would be the first time that Rangasamy shall be heading a coalition cupboard, National Democratic Alliance (NDA) within the UT, which has members from BJP and AINRC.

Banking News

3. RBI units up an advisory group to help RRA 2.0

  • The Reserve Bank of India (RBI) has constituted an advisory group to help the second Regulatory Review Authority (RRA 2.0), which was set by the central financial institution on May 01, 2021 to streamline rules and scale back the compliance burden of regulated entities.
  • The Advisory Group shall be headed by SBI Managing Director S Janakiraman.
  • The second Regulatory Review Authority (RRA 2.0), has been arrange for a interval of 1 12 months from May 01, 2021, to assessment the rules, circulars, reporting techniques and compliance procedures for streamlining them and making them simpler.
  • The group will help the RRA 2.0 by figuring out rules, pointers, and returns that may be rationalised, and submit reviews periodically to RRA containing the suggestions/options.

Important takeaways for all aggressive exams:

  • RBI twenty fifth Governor: Shaktikant Das; Headquarters: Mumbai; Founded: 1 April 1935, Kolkata.

Business News

4. RBI excludes Lakshmi Vilas Bank from second schedule of RBI Act

  • The Reserve Bank of India (RBI) has excluded Lakshmi Vilas Bank (LVB) from the Second Schedule of the RBI Act after it was merged with DBS Bank India Ltd (DBIL) final 12 months.
  • A financial institution talked about within the Second Schedule of the Reserve Bank of India Act is named ‘Scheduled Commercial Bank’. 
  • Last 12 months in November, the federal government had accepted the merger of crisis-ridden Lakshmi Vilas Bank with DBS Bank India. The RBI had additionally outmoded the board of the LVB and appointed T N Manoharan, former non-executive chairman of Canara Bank, because the administrator of the financial institution for 30 days.
  • LVB is the second non-public sector financial institution after Yes Bank which has run into tough climate throughout this 12 months.
  • In March, capital-starved Yes Bank was positioned underneath a moratorium. The authorities rescued Yes Bank by asking the state-run State Bank of India to infuse Rs 7,250 crore and take a forty five per cent stake within the financial institution.

Important takeaways for all aggressive exams:

  • Lakshmi Vilas Bank Headquarters: Chennai, Tamil Nadu.
  • Lakshmi Vilas Bank Founded: 1926.

Summits and Conferences News

5. Prahlad Singh Patel Virtually Participates In G20 Tourism Ministers’ Meeting

  • Union Minister of State for Tourism & Culture (I/c), Prahlad Singh Patel participated in G20 Tourism Ministers’ Meeting held in Italy on 4th May 2021.
  • This dialogue aimed to collaborate in defending tourism companies, jobs and taking initiatives to border coverage pointers to assist the sustainable and resilient restoration of journey and tourism.
  • He additionally conveyed India’s assist for the Principles for the transition to a inexperienced journey and tourism financial system submitted by UNWTO as an extra contribution to the coverage space “Green Transformation” to embrace sustainability in tourism.

Important Days

6. World Red Cross and Red Crescent Day: 8 May

  • The World Red Cross and Red Crescent Day is noticed yearly on 8 May. The day goals to have a good time the ideas of the International Red Cross and Red Crescent Movement, to cut back the struggling of individuals and enabling them to steer a dignified life with independence, humanity, impartiality, universality, unity and neutrality.
  • Theme 2021 World Red Cross and Red Crescent Day: ‘Unstoppable’.
  • The day additionally marks the anniversary of the start of Henry Dunant (8 May 1828), who was the founding father of the International Committee of the Red Cross (ICRC). He was the recipient of the primary Nobel Peace Prize.

Important takeaways for all aggressive exams:

  • President of the ICRC: Peter Maurer.
  • Headquarters of ICRC: Geneva, Switzerland.

7. World Thalassemia Day: 08 May

  • World Thalassemia Day is widely known on May 8 yearly to commemorate Thalassemia victims and to encourage those that battle to reside with the illness.
  • The theme for 2021 World Thalassemia Day is “Addressing Health Inequalities Across the Global Thalassaemia Community”.
  • Thalassemia is an inherited blood dysfunction that’s characterised by much less haemoglobin and lesser than regular blood cells. An individual affected by thalassemia has at the least one of many mother and father as a provider of the illness.

8. World Migratory Bird Day: 08 May

  • World Migratory Bird Day 2021 is noticed globally on 8 May. The intention of the day is to lift consciousness of migratory birds and the significance of worldwide cooperation to preserve them.
  • “Sing, Fly, Soar – Like a Bird!” is the theme of this 12 months’s World Migratory Bird Day.
  • The 2021 World Migratory Bird Day theme is an invite to folks in all places to attach and re-connect with nature by actively listening to – and watching birds – wherever they’re.
  • At the identical time, the theme appeals to folks all over the world to make use of their very own voices and creativity to precise their shared appreciation of birds and nature.

9. Time of Remembrance and Reconciliation for Those Who Lost Their Lives throughout the 2nd World War

  • Every 12 months throughout May 8-9, the United Nations marks the Time of Remembrance and reconciliation for many who misplaced their lives throughout the Second World War.
  • The day pays tribute to all of the victims of the Second World War. This 12 months is the 76th Anniversary of World War II.
  • The day was declared in 2004 as was commemorated by the United Nations since then. However, the UN urged the NGOs, its member international locations and different organizations to hitch the commemoration of the day by way of a decision that was handed in 2010.
  • The date, nonetheless, is just not the official finish of the second world conflict. This is as a result of, Japan didn’t give up until August 15, 1945.

Important takeaways for all aggressive exams:

  • Secretary-General of the United Nations: Antonio Guterres.
  • The United Nations (UN) is a corporation between international locations established on 24 October 1945 to advertise worldwide cooperation.

Obituaries News

10. Senior Journalist Shesh Narayan Singh Passes Away of Covid-19

  • Veteran senior journalist Shesh Narayan Singh has handed away whereas present process remedy for COVID-19. He was 70.
  • A columnist, political commentator and an professional on international coverage, Shesh Narain Singh had a profession spanning over twenty years.

11. Veteran Music Composer Vanraj Bhatia Passes Away

  • The veteran Music Composer Vanraj Bhatia, who was the best-known composer of Western classical music in India, has handed away after a quick sickness. His work ranged from composing music for commercial movies, function movies, mainstream movies, tv exhibits, documentaries and many others.
  • Bhatia received the National Film Award for Best Music Direction for the tv movie Tamas (1988), the Sangeet Natak Akademi Award for Creative and Experimental Music (1989) and India’s fourth-highest civilian honour, the Padma Shri (2012).