Daily Current Affairs May 31 2022 | Latest News | Download PDF

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CURRENT AFFAIRS: IMPORTANT DAYS

International Day of UN Peacekeepers-29th May

On the 29th of May, the UN Peacekeepers International Day is commemorated around the world.
The International Day of UN Peacekeepers also provides an opportunity to remember the over 4,200 peacekeepers who have died while serving under the UN flag, including 135 who died in the battle last year.
This year’s theme, according to UN Secretary-General António Guterres, the focus is the Power of Partnerships.

THEMES:

The theme for 2022 is “People. Peace. Progress. The Power of Partnerships”
Peacekeeping is one of the many tools used by the United Nations to secure global peace and security.
UN Peacekeepers also known as the Blue Helmets, is a collective enterprise, which aims to change lives for the better.

HISTORY:

The United Nations Truce Supervision Organization (UNTSO) was founded on May 29, 1948, when the Security Council dispatched a small number of UN military observers to the Middle East to monitor the Armistice Agreement between Israel and its Arab neighbors.
More than one million people have served in the United Nations’ 72 peacekeeping missions since 1948.

Vesak Day or Buddha Purnima -16 May

Vesak Day, also known as Buddha Purnima, was observed on May 16, 2022.
For millions of Buddhists around the world, “Vesak,” or the Full Moon Day in May, is the most important day.
The Gautama Buddha was born on the Day of Vesak two and a half millennia ago, in the year 623 B.C in Lumbini, Nepal
It was also on Vesak Day that the Buddha acquired enlightenment, and it was also on Vesak Day that the Buddha passed away in his eightieth year at Kushinagar, Uttar Pradesh.

About Buddha:

In countries such as India, Nepal, Bhutan, Burma, Thailand, Tibet, China, Korea, Laos, Vietnam, Mongolia, Cambodia, Singapore, Indonesia, and Sri Lanka (where it is known as Vesak), Buddhists and Hindus commemorate Gautama Buddha’s birth as the major festival of Buddha Purnima, but each country celebrates it differently.
The teachings of the Buddha, and his message of compassion and peace, and goodwill have moved millions. Millions around the world follow the teachings of the Buddha and on the Day of Vesak commemorate the birth, the attainment of enlightenment, and the passing away of the Buddha.

CURRENT AFFAIRS: NATIONAL NEWS

India has become one of the fastest-growing economies in the world: PM Modi

Prime Minister Shri Narendra Modi announced that India has become one of the world’s fastest-growing economies.
He was addressing an occurrence where he announced the PM-CARES for Children’s Scheme’s benefits.
Within the midst of the pandemic’s negative mood, Prime Minister Narendra Modi stated that India relied on its strength.
Prime Minister Modi transferred scholarships to school-going children. Also, a passbook of PM CARES for Children, and a Health card under Ayushman Bharat Pradhan Mantri Jan Arogya Yojana was handed over to children during the program.
Under this PM-CARES scheme, PM Modi helped children with someone’s needs education loans for higher education. and they will give monthly Rs 4000 for children daily needs.
Apart from Rs 10 lakh on attaining the age of 23 years, the children will be given health coverage through the Ayushman Card and emotional counseling through the ‘samvad helpline’ for psychological and emotional help.

Additional info:

India was confident in its scientists, doctors, and youth. And, rather than being a source of anxiety, we emerged as a source of hope for the world. India did not become a problem; rather, we became a solution provider.
No one could have imagined India’s successes in the last eight years, according to the Prime Minister.
India’s pride in the world and its power in international forums have grown in recent years.
India’s economic growth prediction for 2022 has been lowered from 9.1 percent to 8.8 percent by Moody’s Investors Service, citing high inflation.
According to Moody’s Global Macro Outlook 2022-23, high-frequency data suggests that the growth momentum from the December quarter of 2021 carried over into the first four months of 2022.

Ease of living: Common platform called Jan Samarth is to be launched soon

To make life easier for the average man, the government plans to develop Jan Samarth, a unified platform for the implementation of several initiatives run by several ministries and departments.
As part of the Shri Narendra Modi government’s goal of minimal government maximum governance, the new portal will first enroll 15 credit-linked government activities.

Key points:

Because some of the Centrally Sponsored Schemes incorporate many agencies, the services will be gradually expanded based on compatibility.
Initiatives like the Pradhan Mantri Awas Yojana and the Credit Linked Capital Subsidy Scheme are handled by several ministries.
The planned site attempts to bring together many programs on a single platform so that beneficiaries can conveniently access them.
The State Bank of India and other lenders are conducting pilot tests and cleaning up loose ends in preparation for the formal launch.
Various state-owned banks can now approve loans for MSMEs and other borrowers in principle in 59 minutes, compared to the previous turnaround time of 20-25 days.

Jet Airways Gets DGCA approval To Start Commercial Flights:

Jet Airways has been given an air operator’s authorization by the DGCA (Directorate General of Civil Aviation).
After more than three years of being grounded, the airline will be able to resume commercial flight operations.
The airline received certification after conducting proving flights for the safety regulator between May 15 and May 17.
The airline intends to launch service in the second quarter, between July and September.
It will be a full-service airline that will offer both business and economy classes.

About the Approval:

Jet Airways has met all of the pre-conditions set by the National Company Law Tribunal (NCLT) as part of the insolvency process for the transfer of ownership of the airline to the successful resolution applicant, a consortium consisting of UAE-based NRI Murari Lal Jalan and London-based Kalrock Capital Management.
The NCLT authorized the Jalan-Kalrock consortium’s resolution plan for Jet Airways’ rebirth in June.
They recommended a cash injection of Rs 1,375 crores into the airline, with Rs 475 crores going to creditors and Rs 900 crores going to CAPEX and working capital.

About Jet Airways

CEO: Sanjiv Kapoor
Founder: Naresh Goyal
Established: 1 April 1992
Headquarters: Mumbai.

CURRENT AFFAIRS: INTERNATIONAL NEWS

Kuwait To Build The World’s Largest Petroleum Research Center

Kuwait’s Ministry of Oil announced that it plans to start building the world’s largest petroleum research center by the end of 2022 in al-Ahmadi, south of Kuwait city.
The center will have 28 technological laboratories and hire more than 600 employees.
The estimated cost of the project is $120 million.
It will seek to develop improved production and refining techniques that can be used by the industry for different applications including the extraction of heavy crude and non-associated gas.

About Kuwait :

Capital: Kuwait City
Currency: Kuwaiti dinar

CURRENT AFFAIRS: STATE NEWS

Telangana Launches a Single-Pick Cotton Pilot Project

The government of Telangana has launched a single-pick cotton pilot project on 50,000 acres.

About Single-Pick Cotton Pilot Project :

This method will help increase yields by up to 40%.
The single-pick cotton will be suitable for machine harvest because the plants will grow to a uniform height of around knee-level compared to the tall varieties of cotton.
Presently, the farmers pick cotton bolls at least three to four times, but this method will help the farmers to extend the harvest by a few weeks and allow farmers to complete the harvest all at once.

Single-pick cotton:

Cotton varieties flower at one time and boll bursting happen at the same time.

Note :

President of National Seed Association of India (NSAI): M Prabhakara Rao

About Telangana :

Governor: Tamilisai Soundararajan
CM : K. Chandrashekar Rao
Capital: Hyderabad

Nanjarayan Tank to become Tamil Nadu’s 17th bird sanctuary

Tamil Nadu Minister for Forests K. Ramachandran announced in the Assembly, that Nanjarayan Tank in Tiruppur district is the 17th bird sanctuary of Tamil Nadu.
An initial amount of ₹5 crores has been allocated for the works.
Also, Slender loris sanctuaries will be established in Dindigul and Karur districts with Rs 5 crore.

About Nanjarayan Tank :

The Nanjarayan Tank is a 86-hectare water body, hosts around 130 bird species along with other flora and fauna.
It was constructed by king Nanjarayan
Nanjarayan Tank also known as Sarkar Periyapalayam Reservoir is located on the outskirts of Tirupur city near Kulipalayam, about 60 km from Coimbatore.

About Tamil Nadu :

CM: M. K. Stalin
Governor: R. N. Ravi
Capital: Chennai

International Day of Yoga to be observed in Karnataka on June 21, 2022

Minister Ayush Sarbanand Sonowal announced that the main event of the 8th International Day of Yoga (IDY) 2022 will be held at Mysore in Karnataka on June 21, 2022.
Also, The International Day of Yoga would be falling in the “Azadi Ka Amrit Mahotsav” year & the ministry has also planned to observe it at 75 iconic locations across the country, focusing on branding India on a global scale.

Note :

The First International Day of Yoga was celebrated on June 21, 2015.
The idea of an International Day of Yoga was first proposed by the Prime Minister of India, Shri Narendra Modi, during his speech at the United Nations General Assembly (UNGA), on 27 September 2014.

CURRENT AFFAIRS: BANKING & FINANCE

RBI reduces the net-worth requirement for non-bank BBPOU to Rs 25 crore from Rs 100 crore

The RBI eased norms for non-bank entities to set up Bharat Bill Payment operating units by reducing the net-worth requirement to Rs 25 crore from Rs 100 crore to encourage more players in the segment.
This circular is issued under Section 10 (2) read with Section 18 of the Payment and Settlement Systems Act, 2007 (Act 51 of 2007), and shall come into effect immediately.

About BBPS :

Bharat Bill Payment System (BBPS) is an interoperable platform for bill payments and the scope and coverage of BBPS extend to all categories of billers who raise recurring bills.
The BBPS is owned by the National Payments Corporation of India (NPCI).
Through this platform, Payments can be made via transfer cheques, cash, and electronic modes.

Benefits :

Standardized bill payment experience
Centralized customer grievance redressal mechanism
Prescribed customer convenience fee.
While BBPS has seen an increase in the volume of transactions as well as the number of onboarded billers, it is observed that there has not been a corresponding growth in the number of non-bank BBPOUs.

About RBI :

Founded: 1 April 1935
Governor: Shaktikanta Das
Headquarters: Mumbai, Maharashtra, India
Deputy Governors: Mahesh Kumar Jain, Rajeshwar Rao, Michael Patra, and T. Rabi Shankar

IRDAI establish committees through GIC to recommend industry overhaul

The Insurance Regulatory and Development Authority of India (IRDAI) has formed various committees through the General Insurance Council (GIC) to suggest reforms in several areas of general, reinsurance, and life insurance such as regulation, product, distribution, among others.
These panels include heads of private and public sector insurance companies, members of Irdai, and representatives from the GIC.

About IRDAI :

Established: 1999
Headquarters: Hyderabad, Telangana
Chairperson: Debasish Panda
IRDAI is a 10-member body including the chairman, five full-time and four part-time members.
It is responsible for regulating and licensing the insurance and reinsurance industries in India.

About GIC :

Founded: 22 November 1972
Headquarters: Mumbai, Maharashtra, India
Chairman & MD: Devesh Srivastava
Secretary-General: Nagaraja Sarma Maddipatla

PAN or Aadhaar mandatory for cash deposits or withdrawals of Rs 20 lakh or more

The Central Board of Direct Taxes has made new rules, called the Income-tax (Fifteenth Amendment) Rules, 2022, as per this, the government has made quoting of PAN or Aadhar mandatory for cash withdrawals/deposits amounting to Rs. 20 lakh or more in a single financial year.
The fresh guideline will also be applicable for the opening of a current bank account or cash credit account by a person with a banking company or a cooperative bank or a post office.
Also, a person is required to apply for PAN at least seven days before making any of the aforementioned transactions.

As per the new rules, PAN or Aadhaar will be compulsory in the following transactions:

Cash deposit or deposits aggregating to ₹20 lakh or more in a financial year, in one or more accounts of a person with a banking company or a co-operative bank or a post office
Cash withdrawal or withdrawals aggregating to ₹20 lakh or more in a financial year, in one or more accounts of a person with a banking company or a co-operative bank or a post office
Opening of a current account or cash credit account by a person with a banking company or a co-operative bank or a post office
For authentication referred to in section 139A, the permanent account number or Aadhaar number along with demographic information or biometric information of an individual shall be submitted to the Principal Director General of Income-tax (Systems) or Director General of Income-tax (Systems) or the person authorized by the Principal Director General of Income-tax (Systems) or Director General of Income-tax (Systems) with the approval of the Board.

About Aadhaar :

Aadhaar is a 12-digit unique identity number.
The data is collected by the Unique Identification Authority of India (UIDAI) a statutory authority established in January 2009 by the Government of India, under the jurisdiction of the Ministry of Electronics and Information Technology, under the Aadhaar (Targeted Delivery of Financial and other Subsidies, benefits and services) Act, 2016.

RBI survey: ₹100 is the most preferred banknote, ₹2,000 the least

The Reserve Bank of India’s Banknote Survey of Consumers findings revealed that, among banknotes, ₹100 was the most preferred while ₹2,000 was the least preferred denomination.
Among coins, the denomination of ₹5 was the most preferred whereas ₹1 was the least preferred.

Key Highlights :

As per the survey, the Watermark of Mahatma Gandhi’s image followed by the windowed security thread were the most recognized security feature.
Around 3 percent of the respondents were not aware of any banknote security feature.
Overall, approximately 7 out of 10 respondents were found to be satisfied with the new series of banknotes.

About RBI Survey :

In the RBI Survey, a diverse sample of 11,000 respondents from rural, semiurban, urban and metropolitan areas, spanning 28 states and three union territories
The survey also included 351 visually impaired respondents.
The survey covered respondents from the age of 18 to 79 years with a gender representation of 60:40 for males and females.
It has been conducted to assess demand for cash as well as denomination preferences at the consumer level.

CURRENT AFFAIRS: AWARDS & HONORS

Jharkhand To get WHO Award for Controlling Tobacco Consumption

The World Health Organization (WHO) has selected Jharkhand for the World No Tobacco Day (WNTD) Award-2022 in recognition of its efforts to reduce tobacco consumption.
Stata Tobacco Control Cell of the Health Department will receive the award on the occasion of World No Tobacco Day in Delhi on May 31, 2022.

Reasons for the reduction of tobacco in Jharkhand :

Awareness and restrictions on the use of Tobacco such as the prohibition of smoking in public places and making it a punishable offense.
Successful campaigns and reach-out helplines for those who planned on quitting tobacco.
According to the Global Adult Tobacco Survey (GATS)-1 report, the National Tobacco Control Programme (NTCP) was launched in Jharkhand in 2012, when the state’s tobacco prevalence rate was 51.1 percent, with 48 percent being smokeless users.
According to the GATS-2 report, which was published in 2018, tobacco users in the state fell to 38.9 percent, with 35.4 percent being smokeless users.

About WNTD Award 2022 :

Every year, WHO recognizes individuals or organizations in each of the six WHO Regions for their accomplishments in the area of tobacco control.
The nominee of the award may be a group, an individual, a government department, or a ministry that made a significant contribution to tobacco control.
Also, two of the awardees may receive special recognition through the WHO Director-General Special Recognition Award.

About WHO :

Founded: 7 April 1948
Headquarters: Geneva, Switzerland
Director General : Tedros Adhanom

CURRENT AFFAIRS: ACQUISITIONS & MERGERS

UAE-based Emirates Telecom buys a 9.8% stake in Vodafone for $4.4 bn

Emirates Telecommunications Group Company PJSC “e&” (Etisalat Group) has acquired approximately 2,766 million shares in Vodafone Group Plc aggregating to $4.4 billion, these shares represent 9.8% of Vodafone’s issued share capital.
The transaction is in line with e&s ambition to be a global player in telecom and technology and to increase its exposure to international markets.
It had invested to gain “significant exposure to a world leader in connectivity and digital services.
Also, e& does not seek Board representation & is confident about the company’s ability to unlock value from its organic business activity and other potential strategic transactions.

About Etisalat :

Founded: 5 October 1976
Headquarters: Abu Dhabi, United Arab Emirates
Chairman : H.E. Obaid Humaid Al Tayer
CEO: Hatem Dowidar

Adani buys 50% stake in drone startup General Aeronautics

A wholly-owned subsidiary of Adani Enterprises, Adani Defence Systems and Technologies Ltd., signed an agreement to acquire a 50% stake in Bengaluru-based General Aeronautics Pvt. Ltd.
Adani Defence Systems and Technologies shall leverage its military drone and Artificial Intelligence/ Machine learning (AI/ML) capabilities and work with General Aeronautics for providing end-to-end solutions for the domestic agricultural sector.
The acquisition is expected to be completed by July 31.
The Adani group forayed into healthcare by incorporating Adani Health Ventures (AHVL).
The new entity will be engaged in healthcare-related activities like setting up medical and diagnostic facilities, and research centers.
The Adani family entered into definitive agreements for the acquisition of Switzerland-based Holcim Ltd’s entire stake in two Indian cement companies Ambuja Cements Ltd and ACC Ltd.
Adani Enterprises unveiled its plans to acquire a 49% stake in Quintillion Business Media the parent entity of business news platform BQPrime.
The Adani family has also committed to investing $75 million in Abu Dhabi-headquartered petrochemicals firm Borouge’s $2 billion initial public offerings (IPO), touted to be the biggest ever listing in the emirate.
India’s largest commercial port operator Adani Ports and Special Economic Zones (APSEZ) said its subsidiary Adani Harbour Services will acquire a 100% stake in third-party marine services provider Ocean Sparkle Ltd, which has an enterprise value of ₹1,700 crores.

About General Aeronautics Pvt. Ltd :

Founded: 2016
Headquarters: Bengaluru, Karnataka
CEO: Abhishek Burman
Founder: Abhishek Burman, Kota Harinarayana, and Anutosh Moitra
General Aeronautics is an end-to-end Agri solutions provider.
It provides robotic drones and drone-based solutions for crop protection services, crop health, precision farming, and yield monitoring using artificial intelligence and analytics for the agricultural sector.

About Adani Defence Systems :

Founded in 2015
It offers drone-based solutions to defense services.
It will leverage its military drone, artificial intelligence, and machine learning capabilities and work with General Aeronautics for providing end-to-end solutions for the domestic agricultural sector.

CURRENT AFFAIRS: SCIENCE & TECHNOLOGY

ISRO plans to build twin satellites, DISHA-L&H, to study the upper atmosphere

The Indian Space Research Organisation (ISRO) plans to build an identical pair of satellites named DISHA (Disturbed and quiet time Ionosphere-thermosphere System at High Altitudes) L&H to study the physics and chemistry of the upper atmosphere including the distribution of temperature, density, and chemical constituents, and the chemical reactions that occur there.
The Satellites would be launched in low earth orbit about 500 kilometers above the earth.
ISRO officials revealed this at a National Meeting on Aeronomy Research, themed “Science of Near-Earth Space and its Applications”.

About DISHA satellites :

DISHA satellites will study space weather and solar-terrestrial interactions.
This will help provide warnings based on space weather happenings so preventive actions can be taken quickly.
The two satellites will carry identical payloads.
The Disha H satellite will be placed at an 85-degree high inclination from the earth’s equator, whereas the Disha L satellite will be placed at a 25-degree low inclination
The data generated by the proposed ISRO’s solar mission Aditya L1 and by DISHA satellites would help to understand the Sun-Earth linkages.

About ISRO :

Established: 15 August 1969
Headquarters: Bengaluru, Karnataka, India
Chairman: Sreedhara Panicker Somanath

CURRENT AFFAIRS: RANKS & REPORTS

ICMR Report: India’s cancer burden to rise to 29.8 million in 2025

According to a report by the Indian Council for Medical Research (ICMR) on the ‘Burden of cancers in India’, The number of Indians suffering from cancer is projected to increase to 29.8 million in 2025 from 26.7 million in 2021.
The findings of the report have been published in BMC Cancer Journal.
The report estimates the cancer incidences in Years of Life Lost (YLLs), Years Lived with Disability (YLDs), and Disability-Adjusted Life Years (DALYs) from 2021 to 2025.
In 2021, The highest incidence was noted in the North (2,408 patients per 100,000) and the Northeast (2,177 per 100,000).
Cancer cases were higher among men.
Mizoram, Delhi, and Meghalaya had the highest cancer Disability Adjusted Life Years (DALYs) and the most vulnerable demographic are people in the 65–69-year age group.
As per the report, 7 cancers account for more than 40 percent of the total disease burden

Lung Cancer (10.6 percent)
Breast Cancer (10.5 percent)
Mouth Cancer (5.7 percent)
Liver Cancer (4.6 percent)
Stomach cancer (5.2 percent)
Oesophagus Cancer (5.8 percent)
Cervix Uteri (4.3 per cent)

As per National Centre for Disease Informatics and Research (NCDIR) 2021-2025 projections :
Men will contribute to 14.7 Million Years of Life Lost (YLLs)
0.72 million Years Lived with Disability (YLDs)
15.5 million Disability Adjusted Life Years (DALYs) in 2025.
For women will be 13.6 million YLLs, 0.69 million YLDs, and 14.3 DALYs.

Factors contributing to the increased risk of cancers :

1) Tobacco and alcohol consumption

2) increasing consumption of packaged food with harmful preservatives and junk food

3) obesity

4) radiation from mobile phone towers

5) vegetables are grown in toxic water like rivers near industries

6) adulteration in food and artificial coloring of food and vegetables.

What is DALY?

The disability-adjusted life year (DALY) is a measure of overall disease burden, expressed as the number of years lost due to ill-health, disability, or early death.
It has become more common in the field of public health and health impact assessment (HIA).

About ICMR :

Headquarters: New Delhi, India
Director-General: Balram Bhargava
The ICMR is the apex body in India for the formulation, coordination, and promotion of biomedical research.
The ICMR is funded by the Government of India through the Department of Health Research, Ministry of Health, and Family Welfare.

The world’s richest man, Elon Musk was 2021’s highest-paid CEO – Fortune 500 list

According to the Fortune 500, the world’s richest man & the CEO of Tesla and SpaceX, Elon Musk was the highest-paid CEO in 2021.
He has received a salary of around $23.5 billion (roughly Rs 1,82,576 crore).