Daily Current Affairs: May 21, 2021

Daily Current Affairs (May 21, 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.

Also, Don’t forget to attend the Daily Current Affairs Quiz – May 21, 2021, now @ our Bankersdaily Tests.

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Important Days

World Metrology Day – 20 May

• World Metrology Day is observed on 20 May to celebrate the International System of Units. The day aims to create awareness of the important role measurement plays in health and thus in the wellbeing of every one of us.
• 2021 Theme: “Measurement for Health”

International Tea Day – 21 May

• International Tea Day is observed on 21 May every year. The day is observed primarily to increase the consumption of tea. The day was recognised by the United Nations (UN) on 21 December 2019.

National Anti Terrorism Day – 21 May

• National Anti Terrorism Day is observed on 21 May. The day promotes national peace and encourages unity among the people. The day marks the death anniversary of Rajiv Gandhi, former Prime Minister of India.

World Day for Cultural Diversity for Dialogue and Development – 21 May

• The World Day for Cultural Diversity for Dialogue and Development is observed globally on 21 May. This day helps in spreading awareness among people regarding the richness of the world’s cultures and highlights the significance of cultural diversity.

National Endangered Species Day – 21 May

• National Endangered Species Day is observed every year on the third Friday of May. This year (2021), the day falls on 21 May. The day is celebrated to raise awareness about endangered species and wildlife. The first International Endangered Species Day was first celebrated in 2006.

National News

National Gallery of Modern Art launches Audio-Visual Guide app

• National Gallery of Modern Art (NGMA) virtually launched an Audio-Visual Guide app on International Museum Day (18 May). This app will make it possible for museum viewers to listen to stories and anecdotes on their smartphones of several treasured Indian Modern artworks displayed at the museum anywhere at any time.

Haryana becomes the first state to allow reimbursement of GST on ‘COVID items’ donations

• Haryana became the first state in India to allow reimbursement of goods and service tax paid by companies, non-governmental organisations and individuals on purchase of 15 items including COVID-19 vaccines, Remdesivir injections, ventilators and oxygen cylinders that they have donated free of cost to the state government or state-run hospitals.

Haryana           

• Capital: Chandigarh
• Chief Minister: Manohar Lal Khattar
• Governor: Satyadeo Narain Arya
• National Parks: Sultanpur National Park, Kalesar National Park
• Dance: Phag, Dhamal, Loor, Khoria

Banking and Economy

IDBI Bank launches digital loan processing system for MSMEs and Agri borrowers

• IDBI Bank launched its fully digitised loan processing system, offering over 50 products to MSMEs and the agriculture sector. The Loan Processing System (LPS) for MSMEs and Agri products seamlessly integrates with data fintech, bureau validations, document storage, account management and customer notifications, among others.

IDBI Bank

• Headquarters: Mumbai, Maharashtra
• CEO: Rakesh Sharma
• On 21 January 2019, Life Insurance Corporation (LIC) completed the acquisition of 51% in IDBI bank.

RBI instructs PPI operators to enable PPI interoperability by March 2022

• The Reserve Bank of India (RBI) has instructed Pre-Paid Instrument (PPIs) operators to enable full interoperability to PPI cards and PPI e-wallets for those customers who have fulfilled the entire Know-Your-Customer (KYC) Payment companies will need to enable PPI interoperability by March 2022.
• The maximum amount outstanding in respect of full-KYC PPIs (KYC-compliant PPIs) has been increased from 1 lakh to Rs. 2 lakhs.

HSBC launches its digital banking solutions ‘HSBC SmartServe’ and ‘HSBC IntelliSign’ for corporate customers

• HSBC India announced the launch of HSBC SmartServe and HSBC IntelliSign, first-of-its-kind digital solutions aimed at ensuring a quick, secure and seamless onboarding process for corporate clients.
• The API (Application Programming Interface) enabled solutions is set to provide an accelerated onboarding experience, replacing the documentation process with a digital platform.

HSBC (Hongkong and Shanghai Banking Corporation Limited)

• Headquarters: London, United Kingdom
• CEO: Noel Quinn

Acquisitions and Mergers

State Bank of India partners with HyperVerge for AI-powered online account opening

• India’s largest bank, State Bank of India (SBI), partnered with HyperVerge to achieve a whopping 10x improvement over the regular video KYC checks performed per day per agent. Reserve Bank of India (RBI) allowed banks to adopt the Video Customer Identification Process (V-CIP) from January 2020.

State Bank of India (SBI)

• Headquarters: Mumbai, Maharashtra
• Chairman: Dinesh Kumar Khara
• Tagline: “The Banker to Every Indian”

Appointments

Indian hockey team goalkeeper PR Sreejesh was appointed as a member of the FIH Athletes’ Committee

• India hockey team goalkeeper PR Sreejesh was appointed as a member of the FIH (International Hockey Federation) Athletes’ Committee during the virtual meeting of the world body’s Executive Board.
• The board also approved the appointment of Steve Horgan (USA) as the new chair of the FIH Rules Committee, succeeding David Collier (England).
• He has led the Indian team in the past and was one of the four new members appointed by the Executive Board, which met two days before the 47^th FIH Congress.

Awards and Recognitions

Suresh Mukund becomes the first Indian to win ‘The World Choreography Award 2020’

• Emmy Award-nominated Indian choreographer Suresh Mukund has won the 10^th Annual ‘World Choreography Award 2020’. He is the director and choreographer of the Indian dance crew ‘The Kings’, which won the 2019 season of World of Dance.

Sports News

Barcelona Women beat Chelsea Women to win the Women’s Champions League 2021 trophy

• Barcelona defeated Chelsea to win the Women’s Champions League 2021 in Gothenburg, Sweden. Barcelona becomes the first club to win both the men’s and women’s Champions League titles.

Daily CA May 21 One-liner: