Daily Current Affairs: May 15, 2021

Daily Current Affairs (May 15, 2021) like many other sections is inevitable and this also helps to score in the Banking awareness, Static GK, and Financial Awareness sections. Remember, Banking Awareness, and Static Awareness Questions are asked from the General Awareness section. This will also help you to ride your preparations for the forthcoming exams.

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Important Days

International Day of Families – 15 May

• The International Day of Families is observed on 15 May every year. The day was proclaimed by the UN General Assembly in 1993 with resolution A/RES/47/237 and reflects the importance the international community attaches to families.
• 2021 Theme: “Families and New Technologies”

National News

Punjab Chief Minister Amarinder Singh declares Malerkotla as its 23^rd district

• Chief Minister of Punjab Amarinder Singh announced Malerkotla as the 23^rd district of Punjab. Malerkotla is 35 km from the Sangrur district of Punjab.

Punjab                     

• Capital: Chandigarh
• Chief Minister: Captain Amarinder Singh
• Governor: VP Singh Badnore

Prime Minister Narendra Modi releases the 8^th instalment worth over Rs. 20,000 crore under PM Kisan Samman Nidhi scheme

• Prime Minister Narendra Modi released the 8^th instalment of over 20,000 crore to more than 9.5 crore farmer-beneficiaries under the Pradhan Mantri Kisan Samman Nidhi (PM-Kisan) scheme via video-conferencing. West Bengal joined the scheme and about 7 lakh Bengal farmers received their first installment.
• Under the PM-KISAN scheme, a financial benefit of 6000 per year is provided to 14 crore eligible beneficiary farmer families annually, payable in three equal 4-monthly installments of Rs. 2000 each.

International News

ADB commits a record $3.92 billion loan to India for 13 projects in 2020

• The Asian Development Bank (ADB) has committed a record $3.92 billion in sovereign loans for 13 projects to India in 2020, including USD 1.8 billion in COVID-19 related projects to support the government’s pandemic response.
• As part of the pandemic support to India, ADB has provided emergency assistance to contain the disease and establish social protection measures for relief to the poor and other vulnerable groups.

Asian Development Bank (ADB)

• Founded: 19 December 1966
• Headquarters: Mandaluyong, Philippines
• President: Masatsugu Asakawa
• Chief Economist: Yasuyuki Sawada

India virtually hosts the 1^st BRICS Employment Working Group Meeting

• Secretary of Labour and Employment, Apurva Chandra chaired the 1^st BRICS Employment Working Group (EWG) Meeting held virtually in New Delhi. India has assumed BRICS Presidency in 2021.
• The prime agenda for the meeting were Promoting Social Security Agreements amongst BRICS Nations, Formalisation of labour markets, Participation of women in labour force and Gig and platform workers – Role in labour market.

KP Sharma Oli was re-appointed as the Prime minister of Nepal

• KP Sharma Oli was sworn in as Nepal’s Prime Minister for the third time after he lost a vote of confidence in Parliament. He was served as the Prime Minister of Nepal from 2015 to 2016 and from 2018 to 2021.

Nepal:

• Capital: Kathmandu
• Currency: Nepalese Rupee
• Prime Minister: KP Sharma Oli
• President: Bidhya Devi Bhandari

Banking and Economy

Airtel Payments Bank launches ‘DigiGold’ platform for customers to make investments in gold

• Airtel Payments Bank partnered with SafeGold, a leading provider of digital gold has launched the ‘DigiGold’ for its customers to invest in gold.
•  The gold purchased by customers is stored securely by SafeGold at no additional cost and can be sold through the Airtel Thanks app at any time in a matter of few clicks.

Airtel Payments Bank

• Headquarters: New Delhi
• CEO: Anubrata Biswas
• Founded: January 2017

DBS Bank launches Asia’s first bank-backed crypto trust service

• Singapore-based DBS Bank launches Asia’s first bank-backed trust solution for cryptocurrencies as demand for digital assets increases.
• The bank is offering its clients the ability to invest and manage up to four assets through the bank’s wholly-owned, licensed trust company DBS Trustee.
• The service applies only to cryptocurrencies hosted on the digital exchange: Bitcoin, Ether, Bitcoin Cash and XRP.

Development Bank of Singapore (DBS)

• Headquarters: Singapore
• Chief Executive Officer (CEO): Piyush Gupta

Acquisitions and Mergers

OneWeb partners with SoftBank to roll out satellite communication services

• SoftBank Corp partnered with OneWeb to promote OneWeb’s satellite communication services in the global and Japanese markets.
• The partnership will promote satellite communication services through the combination of OneWeb services and SoftBank’s Digital Transformation (DX) platform services.

Groww acquires Indiabulls’ mutual fund for Rs. 175 crore

• Online investment platform Groww signed an agreement with Indiabulls Housing Finance to acquire its asset management company for 175 crores, paving the way for the Bengaluru-based fintech startup to enter the mutual fund business.
• The Groww-Indiabulls Mutual Fund deal was approved by the capital markets regulator Securities and Exchange Board of India (SEBI) as well as other regulators.

Appointments

Bata India appoints former Britannia executive Gunjan Shah as its CEO

• Footwear major Bata India has appointed Gunjan Shah as its new chief executive officer. He has been serving at Britannia Industries as its chief commercial officer. He replaces Sandeep Kataria, who was elevated as the global CEO of Bata Brands.

Former Cricketer Ramesh Powar was appointed as the head coach of the India Women Cricket Team

• The Board of Control for Cricket in India (BCCI) has appointed former Indian cricketer Ramesh Powar as the head coach of the Indian Women’s Cricket Team. He replaced WV Raman.
• He recently coached the Mumbai senior team that won the Vijay Hazare Trophy and has worked at the National Cricket Academy as a Bowling Coach.

Board of Control for Cricket in India (BCCI)

• Headquarters: Mumbai
• President Sourav Ganguly
• Secretary: Jay Shah
• CEO(Interim): Hemang Amin

Awards and Recognitions

Nagaland’s  Nuklu Phom wins prestigious Whitley Award 2021 for his ‘biodiversity peace corridor’

• Nagaland conservationist, Y Nuklu Phom has won the prestigious ‘Whitley Awards 2021’ for his efforts towards creating the “Biodiversity Peace Corridor”, a network of community-owned forests in Nagaland.
• He is the only Indian to win the prestigious award — awarded annually to individuals from the Global South by UK-based charity the Whitley Fund for Nature (WFN).

Nepal’s Mingma Tenji Sherpa sets world record by climbing Mount Everest twice in the shortest time

• A 43-year-old Nepali mountain guide, Mingma Tenji Sherpa has created a world record by climbing Mount Everest twice in the shortest time (four days) within a season.
• Previously, Indian mountaineer Anshu Jamsenpa had held the record for fastest dual ascents on Everest, scaling the mountain twice in 118 hours and 15 minutes in 2017.

Obituary

Times Group chairperson Indu Jain passed away at 84

• Indu Jain, chairman of the Times Group, lifelong spiritual seeker, pioneering philanthropist and passionate proponent of women’s rights passed away due to COVID-related complications. She was awarded Padma Bhushan in 2016 for Trade and Industry.

Sports News

Kazakhstan tennis player Roman Khassanov banned for corruption

• The International Tennis Integrity Agency announced that Roman Khassanov, who represented Kazakhstan in the Davis Cup has been banned for 10 years after admitting a string of corruption charges.

Kazakhstan

• Capital: Nur-Sultan
• Currency: Kazakhstani Tenge
• President: Kassym-Jomart Tokayev

May 15 CA One-liner: