Daily Current Affairs: May 19, 2021

Daily Current Affairs (May 19, 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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National News

Manipur Government launches “MOMA Market” mobile app for home delivery of vegetables

• Chief Minister of Manipur N Biren Singh launched a mobile application, “MOMA Market” for home delivery of fresh vegetables. The mobile application can be downloaded from momamarket.com and it will also be available on Google Play Store.

Manipur

• Capital: Imphal
• Chief Minister: N Biren Singh
• Governor: Najma Heptulla

Bihar Chief Minister Nitish Kumar launches ‘HIT Covid App’ to monitor COVID patients at home

• Bihar Chief Minister Nitish Kumar launched ‘HIT Covid App’ to ensure regular monitoring and tracking of those COVID-19 patients, who are in home isolation across the state. ‘HIT’ stands for home isolation tracking.
• The health workers will visit the patients at their homes every day and feed data in the app after measuring their temperature and oxygen levels.

Bihar

• Capital: Patna
• Chief Minister: Nitish Kumar
• Deputy CM: Tarkishore Prasad and Renu Devi
• Governor: Phagu Chauhan

Chandigarh startup Jupitice Justice Technologies develops the world’s first private digital court

• A Chandigarh-based startup Jupitice Justice Technologies had developed the world’s first private digital court under the Private Justice System (Alternative Dispute Resolution or ADR Mechanism), which brings India to the forefront of innovation in legal technology.
• The platform is designed to find arbitrators, mediators and other justice service providers.

Himachal Pradesh Government launches ‘Ayush Ghar-Dwar’ wellness program for home isolated COVID-19 patients

• AYUSH Department of the Himachal Pradesh Government had launched a state-wide wellness programme ‘AYUSH Ghar Dwar’ for COVID-19 patients in Sloan district, Himachal Pradesh.
• The initiative aims to provide a holistic healthcare approach through AYUSH to ensure not only physical but also mental, social and spiritual wellbeing to COVID-19 patients.

Himachal Pradesh    

• Capital: Shimla (Summer), Dharamshala (Winter)
• Chief Minister: Jai Ram Thakur
• Governor: Bandaru Dattatreya
• National Parks: Inderkila National Park, Simbalbara National Park, Great Himalayan National Park, Pin Valley National Park, Khirganga National Park

Union Ministry of Tribal Affairs signed an MoU with Microsoft for the digital transformation of tribal schools

• Union Ministry of Tribal Affairs and Microsoft have signed an MoU for the digital transformation of tribal schools such as Eklavya Model Residential Schools and Ashram Schools. The collaboration seeks to skill educators and students in next-generation digital technologies, including artificial intelligence.
• Under the program, 250 Eklavya Model Residential Schools (EMRS) have been adopted by Microsoft, out of which 50 EMRS schools will be given intensive training.

Banking and Economy

SEBI proposes a framework for gold exchange and suggests trading in e-gold receipts

• Securities and Exchange Board of India (SEBI) proposed an elaborate framework for setting up a gold exchange wherein the yellow metal will be traded in the form of Electronic Gold Receipts (EGR) and will help in having a transparent domestic spot price discovery mechanism.
• Also, the proposed denominations — reflecting underlying physical gold — of Electronic Gold Receipts (EGRs) are 1 kilogram, 100 grams, 50 grams and subject to conditions, those can also be even for 5 and 10 grams.

Securities and Exchange Board of India (SEBI)

• Headquarter: Mumbai, Maharashtra
• Chairman: Ajay Tyagi
• Founded: 12 April 1992

Edelweiss General Insurance launches an end-to-end partner onboarding solution named “IPOS”

• InsurTech startup Edelweiss General Insurance (EGI) launched “IPOS” (Integrated Partner Onboarding Solution). The initiative is a fully automated onboarding solution for all its existing and prospective partners, including agents, brokers and web aggregators.
• EGI and its partners stand to gain through improved throughput and enhanced efficiency using this digital platform.

Edelweiss General Insurance:

• Headquarters: Mumbai, Maharashtra
• Executive Director & CEO: Shanai Ghosh

Acquisitions and Mergers

Zensar to acquire US-based digital engineering firm M3bi

• Zensar Technologies has entered into a definitive agreement to acquire M3bi, an Arizona-based data and digital engineering firm. Zensar Technologies Limited will acquire the entire share capital of M3bi Private Limited (M3bi India) for $21.60 million.

PayPoint partners with Digit General Insurance to grant health cover in rural India

• PayPoint India has partnered with Digit General Insurance to bring affordable health insurance for its customers in the under-served regions of India.
• The partnership is being flagged off with the launch of a Coronavirus hospitalisation insurance policy that covers treatments up to 2 lakhs at a premium of Rs. 799.

Johnson and Johnson partners with Telangana based Biological E Limited to manufacture COVID-19 vaccine

• US pharmaceutical company Johnson and Johnson had joined hands with Telangana-based Biological E Limited for the manufacturing of COVID-19 vaccine. The vaccine named Janssen COVID-19 is currently approved in the US, Europe and other nations, including Thailand and South Africa.

CCI approves sale of Yes Bank’s mutual funds’ subsidiaries to GPL Finance and Investments

• Competition Commission of India (CCI) approved the acquisition of Yes Asset Management (India) Limited and Yes Trustee Limited by GPL Finance and Investments Limited.
• GPL Finance is a non-deposit-taking & non-systemically important NBFC.

Science and Technology

Iran develops its first completely self-developed Supercomputer named “Simorgh”

• Iran developer’s new supercomputer “Simorgh” will provide large-scale data processing services for a range of state-run and private scientific research.
• It will also be used for artificial intelligence analysis, crunching traffic and weather data, and image processing, among other things.
• The supercomputer was developed indigenously by Tehran’s Amirkabir University of Technology (AUT). The supercomputer has a performance capacity of 56 petaflops.

Appointments

Bank of India appoints Vandita Kaul as its nominee director on board

• Vandita Kaul was appointed as the nominee director of the Bank of India (BOI). Bank of India has a total of eight members on its board, including the MD and CEO Atanu Kumar Das, its four executive directors, one nominee director each from the Government and the RBI, and one shareholder director.

Bank of India (BOI)

• Headquarters: Mumbai, India
• Non-Exe Chairman: Padmanabhan
• MD & CEO: Atanu Kumar Das
• Tagline: “Relationship Beyond Banking”

Dai-ichi Life Insurance Company appoints Abhay Tewari as its MD & CEO

• Star Union Dai-ichi Life Insurance Company Limited has announced the appointment of Abhay Tewari as its Managing Director (MD) and Chief Executive Officer (CEO).
• He joined as Appointed Actuary of SUD LIFE in the year 2014 and was holding the position of Joint President and Chief Actuary until he is elevated as MD & CEO.

Rankings

India emerges as the second-largest insurance-technology market in Asia-Pacific: S&P Global Market Intelligence report

• According to the S&P Global Market Intelligence report, India is the second-largest insurance technology market in Asia-Pacific and accounts for 35 per cent of the $3.66 billion insurtech-focused venture capital invested in the region.
• The data showed that at least 335 private insurtechs are operating in Asia-Pacific

Obituary

Former Union Minister Chaman Lal Gupta passed away at 87

• Former Union Minister Chaman Lal Gupta passed away due to prolonged illness. He was a member of the J&K Legislative Assembly for the first time in 1972.
• He served as a Union Minister of Civil Aviation, Union Ministry of Food Processing Industries and Union Minister of State for Defence.

Renowned Tamil writer and Sahitya Akademi award recipient K Rajanarayanan passed away at 98

• Renowned Tamil writer, novelist and recipient of Sahitya Akademi award, K Rajanarayan, popularly known as KiRa, passed away at the age of 98.
• He won the Sahitya Akademi award in 1991 for his novel Gopallapurathu Makkal. He was known for the depiction of the people and culture of ‘Karisal bhoomi’ — the hot and dry land of southern Tamil Nadu.

Tamil Nadu                      

• Capital: Chennai
• Chief Minister: MK Stalin
• Governor: Banwarilal Purohit
• National Parks: Mukurthi National Park, Guindy National Park, Gulf of Mannar Marine National Park, Indira Gandhi (Annamalai) National Park, Mudumalai National Park

Sports News

Shiv Sunder Das was appointed as the batting coach of the Indian women’s cricket team

• Former India opener Shiv Sunder Das has been appointed the batting coach of the Indian women’s cricket team for the tour of England.
• Former Indian Railways player Abhay Sharma was named the fielding coach, part of a nine-member support staff headed by chief coach Ramesh Powar.

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