Daily Current Affairs May 15 & 16 2022 | Latest News | Download PDF

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CURRENT AFFAIRS: IMPORTANT DAYS

World Migratory Bird Day -14th May

• International Migratory Bird Day will be celebrated on 14 May and 8 October 2022.
• World Migratory Bird Day is marked twice a year since its inauguration in 2006.
• The theme for World Migratory Bird Day 2022 is “light pollution”.

History of International Migratory Bird Day:

• International Migratory Bird Day was marked in 2006 when the United Nations decided that the world’s population needs to be made aware of the worldwide migratory linkages.
• Since then, 118 countries participated in and organised the event.
• The United Nations (UN) Agreement on the Conservation of African-Eurasian Migratory Waterbirds had envisioned the World Migratory Bird Day.
• International Migratory Bird Day came up as a part of the UN’s agreement on the Conservation of African-Eurasian Migratory Waterbirds.
• The idea, initially to raise awareness about eliminating the threat faced by these birds, was developed in the United States in 1993.
• World Migratory Bird Day is celebrated across Mexico, Central and South America, and the Caribbean on the second Saturday of October annually.
• While in the United States and Canada, the day is celebrated on the second Saturday in May.

CURRENT AFFAIRS: NATIONAL NEWS

India Contributes USD 800,000 To Promote the Hindi Language At UN:

• India has contributed USD 800,000 to the United Nations as part of the initiative to enhance public outreach of the organisation in Hindi.
• Country’s Deputy Permanent Representative to the United Nations, R Ravindra handed over a cheque for the UN project launched by India in 2018 to disseminate information about the UN to the Hindi-speaking population across the world.
• India contributed $800,000 for continuing to promote #Hindi@UN

About ‘Hindi @ UN’ project:

• ‘Hindi @ UN’ project, in collaboration with the UN Department of Public Information was launched in 2018 with an objective to enhance the public outreach of the United Nations in Hindi language, and to spread greater awareness about global issues among millions of Hindi-speaking people around the world
• India has been partnering with the UN Department of Global Communications (DGC) since 2018 by providing an extra-budgetary contribution to mainstream and consolidate news and multimedia content of DGC in Hindi

About UN:

• The United Nations is an intergovernmental organization whose purpose is to maintain international peace and security, develop friendly relations among nations, achieve international cooperation, and be a centre for harmonizing the actions of nations
• Founded: 24 October 1945
• Headquarters: New York, United States
• Secretary general: António Guterres

CURRENT AFFAIRS : INTERNATIONAL NEWS

Czech Republic to replace Russia on U.N. rights council

• The United Nations General Assembly elected the Czech Republic to the Geneva-based UN Human Rights Council to replace Russia whose membership was suspended in April due to its ongoing war in Ukraine.
• The Czech Republic was the only candidate to replace Russia on the 47-member UNHRC and will complete its term until December 2023.
• In the General Assembly’s secret ballot voting, 180 of the 193 members cast ballots.
• More than 150 countries voted in favour of Prague’s bid in the UN General Assembly, with 23 members abstaining.
• Since late February, Russia has been suspended from multiple UN bodies and agencies including the executive boards of UN Women and UNICEF, as well as from the World Tourism Organisation.

Additional Info :

• The Czech Republic already served two terms in 2012-2014 and 2019-2021 and was among the council’s inaugural members.

About UN Human Rights Council :

• Founded: 15 March 2006
• Headquarters: Geneva, Switzerland
• President: Federico Villegas
• Member State : 47 members
• The UN Human Rights Council is a UN body to promote and protect human rights around the world.
• The members of the council are elected by the General Assembly for staggered three-year terms.

CURRENT AFFAIRS : STATE NEWS

Chhattisgarh becomes 1st state to restore old pension scheme

• Chhattisgarh has become the first state in the country to restore the old pension scheme in order to provide assured income to retired employees.
• The Chhattisgarh government has sent a proposal to the Pension Fund Regulatory and Development Authority (PFRDA) for the withdrawal of Rs 17,000 crore accrued under the National Pension Scheme since November 2004.
• The government issued a notification saying that the old pension scheme will be effective from April 1, 2022.

Key Highlights :

• The 10 percent deduction for monthly contribution from the salary of government employees as a contribution to the new pension scheme will be abolished from April 1, 2022.
• However, a minimum of 12 percent of basic salary will be deducted as per the General Provident Fund rule.
• The old pension scheme gives 50 percent of the employee’s salary as pension.

Additional Info :

• Also the Centre had rejected the Rajasthan government’s request to withdraw Rs 39,000 crore accrued under the National Pension Scheme since 2004.
• The proposal for various amendments in the Rajasthan Civil Services (Pension) Rules, 1996, Rajasthan Civil Services (Contributory Pension) Rules, 2005, various revised pay scale rules and Rajasthan Civil Services (Medical Attendance) Rules, 2013 were approved.

About Chhattisgarh :

• Capital: Raipur
• Governor: Anusuiya Uikey
• Chief minister: Bhupesh Baghel

CURRENT AFFAIRS : BANKING & FINANCE

Union Minister Ajay Kumar Mishra launches Repco Subiksham – new schemes of Repco Bank

• Union Minister of State for Home Affairs Ajay Kumar Mishra has launched New Repatriate Welfare Scheme, a deposit scheme of Repco Bank, a micro finance loan scheme and an app for Repco Micro Finance Ltd. (RFML) in Chennai, Tamil Nadu.

New Schemes of Repco Bank :

• Repco Subiksham
• Repatriate Youth Development Scheme
• Repco Mahila Samriddhi Scheme

About Repco Subiksham :

• Repco Subiksham is a retail deposit scheme.
• It provides a new deposit scheme for senior citizens (aged above 60) and super senior citizens (age above 80) with an Interest rate of 7.15% and 7.25%
• Tenure : 15 months
• Interest Payable : Monthly/Quarterly/Half-yearly or on maturity

About Repatriate Youth Development Scheme :

• ‘A’ class repatriate members from Myanmar or Sri Lanka and their family members are eligible for the ‘Repatriate Youth Development Scheme’.
• The Sponsorship amount shall be upto a maximum of ₹25,000 and those aged between 18 and 35 are eligible to apply.

About Repco Mahila Samriddhi Scheme :

• Repco Mahila Samriddhi Scheme meant for Self Help Groups.

Aim :

• To support income generation activities for the underprivileged sections.
• It will provide collateral free loans to women with household income of up to ₹3 lakh.
• The loan amount would be between ₹50,000 and ₹5 lakh.

About Repco Bank :

• Founded : 19 November 1969
• Headquarters : T. Nagar, Chennai, Tamil Nadu
• Chairman : E. Santhanam
• Managing Director : R.S. Isabella
• Repco Bank is a cooperative bank controlled by the Ministry of Home Affairs
• It is operated only in the South Indian states of Andhra Pradesh, Karnataka, Kerala and Tamil Nadu.

Purpose :

• To improve the financial needs of repatriates from neighbouring countries mainly from Sri Lanka and Burma.

About Ministry of Home Affairs :

• Union Minister : Amit Shah
• Minister of State : Nityanand Rai, Nisith Pramanik, Ajay Kumar Mishra

CURRENT AFFAIRS : APPOINTMENTS & RESIGNATIONS

Bajaj Finserv Chairman and MD Sanjiv Bajaj appointed as new president of CII

• Chairman and managing director of Bajaj Finserv, Sanjiv Bajaj appointed as the President of Confederation of Indian Industry (CII) for 2022-23.
• Sanjiv Bajaj replacing TV Narendran, CEO & managing director of Tata Steel.
• The newly constituted National Council of Confederation of Indian Industry (CII) at a meeting elected its new office-bearers for the year 2022-23.

Other Appointments :

• Pawan Munjal, Chairman and CEO of Hero MotoCorp has been appointed as CII President-Designate
• R Dinesh, Executive Vice Chairman of TVS Supply Chain Solutions takes over as Vice President of CII for 2022-23.

About Sanjiv Bajaj :

• Bajaj, an alumnus of the Harvard Business School and a member of the Board of Indian School of Business (ISB).
• He was a Member of the International Advisory Board (IAB), Allianz SE and the International Technology Advisory Panel (ITAP) of the Monetary Authority of Singapore (MAS) and Regional Stewardship Board for India and South Asia 2019-2020 of the World Economic Forum.
• He has been engaged with CII for many years at the state, regional and national levels.
• He has also led CII National Committees on Insurance and Pensions and CII task force on Fintech.

Awards & Honors :

• AIMA’s Managing India Award’s Entrepreneur of the year 2019
• ET’s Business Leader of the year 2018
• Financial Express’ Best Banker of the year 2017-18
• Ernst & Young’s Entrepreneur of the year in 2017
• Transformational Leader award at the 5th Asia Business Responsibility Summit in 2017

About CII :

• Founded : 1895
• Headquarters : New Delhi, Delhi, India
• Director General : Chandrajit Banerjee
• CII engages business, political, academic, and other leaders of society to shape global, regional, and industry agendas.

Tata Group appoints Campbell Wilson as CEO & MD of Air India

• The Tata Group has appointed Campbell Wilsonas as the chief executive officer (CEO) and managing director (MD) of the airline.
• Wilson’s appointment will be subject to security clearance by the Ministry of Home Affairs (MHA).
• The MHA nod is necessary for any change in the top management of an airline & this clearance is sought by the Ministry of Civil Aviation, while granting its approval to the appointment.

About Campbell Wilsonas :

• Campbell Wilson has 26 years experience in the aviation industry and started as a Management Trainee with Singapore Airlines in 1996 in New Zealand.
• He worked for SIA in Hong Kong, Canada, Japan, before returning back to Singapore as the founding CEO of Scoot, which he led till 2016.
• Wilson worked as the Senior Vice President, Sales and Marketing at SIA.
• He is the CEO of Scoot, wholly-owned low cost subsidiary of Singapore Airlines (SIA).

Additional Info :

• Singapore Airlines informed that Campbell’s last day at Scoot will be June 15, 2022 and he will subsequently join Air India as its new CEO.
• Former Vistara CEO Leslie Thng will replace Wilson at Scoot.

Note :

• Singapore Airlines is Tata Sons’ joint venture partner in Vistara.

About Tata Group :

• Founded : 1868
• Headquarters : Mumbai, Maharashtra, India
• Chairman & MD : Natarajan Chandrasekaran

About Air India :

• Founded : 15 October 1932 ( Commenced operations in 29 July 1946)
• Headquarters : New Delhi, Delhi
• Founder : J. R. D. Tata
• Chairman : Natarajan Chandrasekaran

Ranil Wickremesinghe sworn in new PM of Sri Lanka 

• Sri Lankan President Gotabaya Rajapaksa appointed Opposition leader and former premier Ranil Wickremesinghe as 26th Prime Minister of the country after his predecessor Mahinda Rajapaksa resigned following violent protests over the worst economic crisis in the debt-ridden island nation.

About Ranil Wickremesinghe :

• Ranil Wickremesinghe is a Member of Parliament from the National List of the United National Party.
• He has been the leader of the United National Party since 1994.
• Previously he served as Prime Minister of Sri Lanka for four times from 1993 to 1994, 2001 to 2004, 2015 to 2018 and 2018 to 2019
• Also he has served as Leader of the Opposition from 1994 to 2001 and from 2004 to 2015.

About Sri Lanka :

• Prime minister: Ranil Wickremesinghe
• Capitals: Colombo, Sri Jayawardenepura Kotte
• Currency: Sri Lankan rupee
• President: Gotabaya Rajapaksa

CURRENT AFFAIRS : MOU & AGREEMENTS

Ministry of Agriculture and Farmers Welfare signs MoU with UNDP for strategic partnership on Agriculture, Crop Insurance and Credit

• The Ministry of Agriculture & Farmers Welfare (MoA&FW), Government of India and the United Nations Development Programme (UNDP) have signed a Memorandum of Understanding (MoU) under the UNDP will provide technical support to two government programmes: the Pradhan Mantri Fasal Bima Yojana (PMFBY) and the Kisan Credit Card-Modified Interest Subvention Scheme (KCC-MISS).
• The MoU was signed in the presence of Union Minister of Agriculture Narendra Singh Tomar by CEO-PMFBY Ritesh Chauhan and UNDP Resident Representative Shoko Noda.

About the MoU :

• Under the MoU, UNDP will leverage its expertise in systems and global know-how for supporting the Ministry of Agriculture for the implementation of combined agriculture credit and crop insurance.
• According to the MoU, UNDP will provide responsive, demand-driven technical assistance for effective implementation of agriculture credit and crop insurance,
• As well as providing capacity development and Information, Education & Communication (IEC) support to existing national and state institutions, keeping in mind the interest of small and marginal farmers, women farmers, sharecroppers, tenant and non-loanee farmers.

Key Highlights :

• KCC-MISS and PMFBY were launched with the aim to tackle the problematic areas of previous Schemes and to map out a structure that affords better implementation options for all stakeholders while achieving the desired results.
• The schemes apply uniformly across the entire country and have a provision to cover all crops.
• Under PMFBY, farmers have got more than Rs 1.15 lakh crore in compensation after paying a premium of Rs 21,000 crore.

About Ministry of Agriculture & Farmers Welfare :

• Cabinet Minister : Narendra Singh Tomar
• Minister of State : Shobha Karandlaje, Kailash Choudhary
• Secretary : Sanjay Agarwal

About UNDP :

• Headquarters : New York, USA
• Head : Achim Steiner
• The UNDP is a United Nations organization tasked with helping countries eliminate poverty and achieve sustainable economic growth and human development.
• It operates in 170 countries and is funded entirely by voluntary contributions from UN member states.

CURRENT AFFAIRS : DEFENCE NEWS

IAF successfully test-fires extended-range version of BrahMos missile from Sukhoi

• The Indian Air Force (IAF) has successfully test-fired an extended-range version of BrahMos supersonic cruise missile from a Sukhoi fighter jet in the Bay of Bengal.
• Besides the IAF, the Navy, the Defence Research and Development Organisation (DRDO), the Hindustan Aeronautics Limited (HAL) and the BrahMos Aerospace Private Limited (BAPL) were involved in the test firing.

About BrahMos supersonic cruise missile :

• The range of BrahMos was earlier around 290 km, which, with the new version, has reached around 350 km.
• The project was conceived to enhance the IAF’s capability to strike from large stand-off ranges on any target on sea or land.
• This is the first time that the extended-range version of BrahMos missile was fired from Su-30 MKI aircraft.

About BrahMos Aerospace :

• Founded : February 12, 1998
• Headquarters : New Delhi, Delhi
• CEO & MD : Atul Dinkar Rane
• BrahMos Aerospace Pvt Ltd, an India-Russian joint venture, produces supersonic cruise missiles that can be launched from submarines, ships, aircraft, or land platforms.

Additional Info :

• On April 19, 2022, the IAF successfully test-fired a BrahMos supersonic cruise missile from a Sukhoi fighter jet on the eastern seaboard.
• In 2016, the Indian government decided to integrate the air-launched variant of the Brahmos into over 40 Sukhoi fighter jets.

CURRENT AFFAIRS : SCIENCE & TECHNOLOGY

ISRO Successfully Tests Human-rated S200 Rocket Booster For 2023 Gaganyaan Mission

• The Indian Space Research Organisation (ISRO ) successfully completed the static test of a human-rated solid rocket booster (HS200) for the Gaganyaan programme at Satish Dhawan Space Centre (SDSC) in Sriharikota, Andhra Pradesh.
• The design and development of the HS200 booster were completed at Vikram Sarabhai Space Centre (VSSC), Thiruvananthapuram, Kerala & propellant casting was completed at SDSC, Sriharikota.
• The test was for ISRO’s Gaganyaan programme.
• The event was witnessed by ISRO Chairman S. Somanath along with other senior ISRO scientists.
• The human-rated GSLV-Mk3 that will be labelled as the HRLV is a crucial achievement towards the Gaganyaan mission.
• GSLV Mk III rocket is a three-staged vehicle.

About HS200 booster :

• The HS200 is the human-rated version of the S200 rocket booster of satellite launch vehicle GSLV Mk III, popularly known as LVM3.
• The HS200 booster loaded with 203 tonnes of solid propellant was tested for a duration of 135 seconds.
• It is 20-meter long and 3.2 m diameter booster is the world’s second-largest operational booster with solid propellant.
• During the test, about 700 parameters were monitored and the performance of all the systems was normal.
• Gaganayaan would be the Indian orbital spacecraft for ISRO’s Indian Human Spaceflight Programme (IHSP) that will launch orbital spacecraft into low earth orbit in 2023.
• The first stage is powered by the solid fuel, the second by liquid fuel and the third is the cryogenic stage, powered by liquid hydrogen and liquid oxygen.

About ISRO :

• Headquarters : Bangalore, Karnataka, India
• Chairman : Sreedhara Panicker Somanath

CURRENT AFFAIRS : RANKS & REPORTS

Forbes highest-paid athletes list for 2022 – Lionel Messi tops

• According to Forbes’ highest-paid athletes list for 2022 , Paris Saint-Germain star footballer Lionel Messi topped the list with a reported income of $130 million followed by Basketball players, Lebron James and Cristiano Ronaldo with $121.2 million and $115 million income respectively in the world over the last 12 months

Top 10 Forbes’ highest-paid athletes list for 2022 :

S.No	Athletes	Earnings (Millions)
1	Lionel Messi	$130
2	LeBron James	$121.2
3	Cristiano Ronaldo	$115
4	Neymar	$95
5	Stephen Curry	$92.8
6	Kevin Durant	$92.1
7	Roger Federer	$90.7
8	Canelo Alvarez	$90
9	Tom Brady	$83.9
10	Giannis Antetokounmpo	$80.9

CURRENT AFFAIRS: SPORTS NEWS

ISSF Junior World Cup: Esha Singh and Saurabh Chaudhary won gold in Mixed Team Pistol event:

• Indian pistol pairs Esha Singh and Saurabh Chaudhary won the mixed team pistol gold at the International Shooting Sport Federation (ISSF) Junior World Cup in Suhl, Germany.
• India’s Palak and Sarabjot Singh settled for the silver medal after losing to Esha and Saurabh 16-12 in the gold medal match.
• Ramita and Paarth Makhija also won silver in the 10m air rifle mixed team competition, going down 13-17 to the Polish pair of Julia Piotrowska and Wiktor Sajdak but not before making it three medals on the day.
• Esha and Saurabh came through after topping a 38-field qualification round of 60 shots with scores of 578 and 575
• In all, India has so far won 10 medals, including four gold.

About ISSF

• Founded: 1907
• Headquarters: Munich, Germany
• President: Vladimir Lisin.

Inter Milan Beat Juventus: Italian Cup 2022

• Inter Milan were crowned the 2022 Italian Cup champions after beating Juventus 4-2 in the final.
• Ivan Perisic scored twice in extra time after Hakan Çalhanoglu had converted a controversial late penalty.
• Hakan Calhanoglu stepped up from the penalty spot with 80 minutes on the clock to force extra time before another spot-kick was converted by Ivan Perisic to put the Nerazzurri within touching distance of the trophy.
• Nicolò Barella scored the other goal for Inter.
• The Italian Cup final soccer match between Juventus and Inter Milan was held at the Stadio Olimpico in Rome, Italy.

About Italian Cup:

• The Coppa Italia is an annual knockout cup competition in Italian football organized by the FIGC championship (Italian Football Federation) until the 2009–10 season and the Lega Serie A afterwards.

CURRENT AFFAIRS: OBITUARIES

Eminent Sanskrit and Hindi Scholar, Padma Shri Dr Rama Kant Shukla Passes Away:

• Rama Kant Shukla, a distinguished Sanskrit and Hindi scholar, died in Aligarh, Uttar Pradesh (UP).
• He was 81.

About Rama Kant Shukla

• Rama Kant Shukla was born on 25 December 1940, at Khurja city in the Indian state of Uttar Pradesh.
• Rama Kant Shukla is the founder and general secretary of the Devavani Parishad in Delhi, as well as the chairman and editor of the quarterly Sanskrit journal “Arvacinasamskrtam”.
• Literary and Sanskrit organisations bestowed upon him the Sanskrit titles of Rashtrakavi, Kaviratna, and Kavi Siromani.

His Achievements:

• The Government of India (GoI) honoured him with Padma Shri in 2013 for literature and education.
• In 2009, He was honoured with the President’s Award under the Sanskrit category.
• He has also received the Sahitya Academy Award in 2018 under Sanskrit Category for poetry “Mama Janani”.

• He has also been honoured with the UP-Government’s State Award; Sanskrit Rashtrakavi; Kalidas Samman; Delhi Sanskrit Academy’s Akhil Bharatiya Maulika Sanskrit Rachana Puraskara, the Sanskrit Samaradhaka Puraskara, and others.

UAE President Sheikh Khalifa bin Zayed passes away:

• UAE President and ruler of Abu Dhabi Sheikh Khalifa bin Zayed Al Nahyan passed away.
• He was 73.

About Sheikh Khalifa bin Zayed Al Nahyan:

• Born in 1948, Sheikh Khalifa was the second President of the UAE and the 16th Ruler of the Emirate of Abu Dhabi.
• He was the eldest son of Sheikh Zayed.
• He was elected to succeed his father, late Sheikh Zayed bin Sultan Al Nahyan, who served as the UAE’s first president since the union in 1971 until he passed away on November 2, 2004.
• Since becoming the president of the UAE, Sheikh Khalifa has presided over a major restructuring of both the Federal Government and the government of Abu Dhabi.
• Under his reign, the UAE witnessed an accelerated development that ensured decent living for the people calling the country home.

About UAE:

• President: Mohammed bin Zayed Al Nahyan Trending
• Capital: Abu Dhabi
• Currency: United Arab Emirates dirham
• Prime minister: Mohammed bin Rashid Al Maktoum

Daily CA on May 15 & 16 :

• International Migratory Bird Day will be celebrated on 14 May and 8 October 2022.
• India has contributed USD 800,000 to the United Nations as part of the initiative to enhance public outreach of the organisation in Hindi.
• The United Nations General Assembly elected the Czech Republic to the Geneva-based UN Human Rights Council to replace Russia whose membership was suspended in April due to its ongoing war in Ukraine.

• Chhattisgarh has become the first state in the country to restore the old pension scheme in order to provide assured income to retired employees.
• Union Minister of State for Home Affairs Ajay Kumar Mishra has launched New Repatriate Welfare Scheme, a deposit scheme of Repco Bank, a micro finance loan scheme and an app for Repco Micro Finance Ltd. (RFML) in Chennai, Tamil Nadu.
• Chairman and managing director of Bajaj Finserv, Sanjiv Bajaj appointed as the President of  Confederation of Indian Industry (CII) for 2022-23.
• The Tata Group has appointed Campbell Wilsonas as the chief executive officer (CEO) and managing director (MD) of the airline.
• Sri Lankan President Gotabaya Rajapaksa appointed Opposition leader and former premier Mr. Ranil Wickremesinghe was 26th Prime Minister of the country after his predecessor Mahinda Rajapaksa resigned following violent protests over the worst economic crisis in the debt-ridden island nation.
• The Ministry of Agriculture & Farmers Welfare (MoA&FW), Government of India and the United Nations Development Programme (UNDP) have signed a Memorandum of Understanding (MoU) under the UNDP will provide technical support to two government programmes: the Pradhan Mantri Fasal Bima Yojana (PMFBY) and the Kisan Credit Card-Modified Interest Subvention Scheme (KCC-MISS).
• The Indian Air Force (IAF) has successfully test-fired an extended-range version of BrahMos supersonic cruise missile from a Sukhoi fighter jet in the Bay of Bengal.
• The Indian Space Research Organisation (ISRO ) successfully completed the static test of a human-rated solid rocket booster (HS200) for the Gaganyaan programme at Satish Dhawan Space Centre (SDSC) in Sriharikota, Andhra Pradesh.
• According to Forbes’ highest-paid athletes list for 2022 , Paris Saint-Germain star footballer Lionel Messi topped the list  with a reported income of $130 million followed by Basketball players, Lebron James and Cristiano Ronaldo with $121.2 million and $115 million income respectively.

• Indian pistol pairs Esha Singh and Saurabh Chaudhary won the mixed team pistol gold at the International Shooting Sport Federation (ISSF) Junior World Cup in Suhl, Germany.
• Inter Milan were crowned the 2022 Italian Cup champions after beating Juventus 4-2 in the final.
• Rama Kant Shukla, a distinguished Sanskrit and Hindi scholar, died in Aligarh, Uttar Pradesh (UP).
• UAE President and ruler of Abu Dhabi Sheikh Khalifa bin Zayed Al Nahyan passed away.