Daily Current Affairs: May 23 & 24, 2021

Daily Current Affairs (May 23 & 24, 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 23 & 24, 2021, now @ our Bankersdaily Tests.

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Important Days

International Day to End Obstetric Fistula – 23 May

• International Day to End Obstetric Fistula is observed annually on 23 May every year since 2013. The day was observed by the United Nations to promote action towards treating and preventing obstetric fistula, a condition that affects many girls and women during childbirth in developing countries.
• 2021 Theme: “Women’s rights are human rights! End fistula now!”

World Turtle Day – 23 May

• World Turtle Day is observed every year on 23 May since 2000. The day is to raise awareness among humans to help turtles survive and thrive in their natural habitat.
• 2021 Theme: “Turtles Rock!” 

National News

Maharashtra government launches “Mission Oxygen Self-Reliance”

• Maharashtra government has launched the “Mission Oxygen Self-Reliance” scheme to meet the state’s oxygen needs. Special incentives will be given to oxygen-producing industries under this scheme.
• The demand for Liquid Medical Oxygen has increased in Maharashtra. The state’s oxygen generation capacity is 1300 MT per day.

Maharashtra    

• Capital: Mumbai
• Chief Minister: Uddhav Thackeray
• Governor: Bhagat Singh Koshyari

Union Minister Narendra Singh Tomar launches NMMS app & Area Officer Monitoring app

• Union Minister of Agriculture & Farmers Welfare, Rural Development and Food Processing Industries Narendra Singh Tomar has launched National Mobile Monitoring Software (NMMS) app and Area Officer Monitoring app through video-conferencing.
• The NMMS app permits taking real-time attendance of workers at Mahatma Gandhi NREGA worksites along with a geotagged photograph, which enabling processing payments faster.
• Area Officer Monitoring app facilitates the area officers to record their findings online along with time-stamped and go-coordinate tagged photographs for all the schemes of the Department of Rural Development.

Tata Communications launches ‘School of Hope and Empowerment’ for empowering Indian women

• Tata Communications, a global digital ecosystem enabler, announced the launch of their Corporate Social Responsibility (CSR) project ‘School of Hope and Empowerment’ (S.H.E.) at the 2021 UNESCO World Conference on Education for Sustainable Development.
• S.H.E. is a multi-media, multi-stakeholder impact communications initiative to support and educate women from small towns in India to overcome key barriers to entrepreneurship.

International News

India virtually hosts the 7^th meeting of the BRICS Astronomy Working Group (BAWG)

• India hosted the 7^th meeting of the BRICS Astronomy Working Group (BAWG) under the Science, Technology, and Innovation track of the BRICS 2021 in a virtual mode.
• The meeting was organised by The Inter-University Centre for Astronomy and Astrophysics (IUCAA), Pune and the Department of Science and Technology (DST).

BRICS

• Establishment: 2009
• Member Countries: Brazil, Russia, India, China and South Africa
• 2021 Chairperson:  India

Union Health Minister Harsh Vardhan chairs the 33^rd meeting of Health Ministers of Commonwealth countries

• Union Minister for Health and Family Welfare, Harsh Vardhan chaired the opening session of the 33^rd meeting of Health Ministers of Commonwealth countries.
• The meeting was held under the theme of “Commonwealth Response to COVID-19: Ensuring Equitable Access to Vaccines and Building Resilience for Health Systems and Emergencies”.

Banking and Economy

RBI imposes a monetary penalty of Rs. 1 crore on City Union Bank and Tamilnad Mercantile Bank

• Reserve Bank of India (RBI) has imposed a monetary penalty of Rs.1 crore on City Union Bank Limited for contravention of and compliance with certain provisions contained in the RBI (Lending to Micro, Small & Medium Enterprises (MSME) Sector) Directions, 2017.
• The RBI also imposed a penalty of Rs. 1 crore on Tamilnad Mercantile Bank for non-compliance with certain provisions of directions issued by it on cybersecurity framework in banks.
• Further, the RBI also imposed a penalty of Rs. 90 lakhs on Ahmedabad-based Nutan Nagarik Sahakari Bank and Rs. 10 lakhs on Pune-based Daimler Financial Services India Private Limited for non-compliance with the RBI’s directions.

City Union Bank

• Founded: 31 October 1904
• Headquarters: Kumbakonam, Tamil Nadu
• Chairman: R Mohan
• MD & CEO: N Kamakodi

Equitas Small Finance Bank becomes the first SFB to offer end to end online process for NRI account opening

• Equitas Small Finance Bank became the first small finance bank to offer its NRI customer segment the ease of account opening online. It is also the first small finance bank to have virtual relationship managers based on time zones.
• The NRI applicants will have a span of 90 days to courier documents after account opening.

Equitas Small Finance Bank

• Headquarters: Chennai, Tamil Nadu
• Managing Director & CEO: PN Vasudevan
• Tagline: “It’s Fun Banking”

Appointments

Narinder Batra re-elected as the President of the International Hockey Federation (FIH)

• Narinder Batra was re-elected as the President of the International Hockey Federation (FIH) for a second term during the virtual 47^th Congress of the sport’s global governing body.
• He is also the President of the Indian Olympic Association (IOA) and an International Olympic Committee (IOC) member.

International Hockey Federation (FIH):

• Headquarters: Lausanne, Switzerland
• President: Narinder Batra

Rajesh Bansal was appointed as the CEO of the Reserve Bank Innovation Hub

• Rajesh Bansal was appointed as the Chief Executive Officer (CEO) of the Reserve Bank Innovation Hub (RBIH). He succeeded Infosys co-founder Kris Gopalakrishnan.
• He was a member of the founding team of Aadhaar and previously served at the RBI in various capacities in the areas of technology, financial inclusion and payments systems.

Reserve Bank Innovation Hub (RBIH):

• Reserve Bank Innovation Hub would be guided and managed by a Governing Council (GC) led by a Chairperson. It would develop internal infrastructure to promote fintech research and facilitate engagement with innovators and start-ups. This will also promote financial inclusion.

Reserve Bank of India (RBI)

• Headquarters: Mumbai, Maharashtra
• Formation: 1 April 1935
• Governor: Shaktikanta Das
• Deputy Governors: MK Jain, MD Patra, M Rajeshwar Rao and T Rabi Sankar
• Subsidiaries: Deposit Insurance and Credit Guarantee Corporation (DICGC), Bharatiya Reserve Bank Note Mudran (BRBNM)

BAI President Himanta Biswa Sarma was elected to the BWF Council

• Badminton Association of India (BAI) President Himanta Biswa Sarma was elected to the Badminton World Federation (BWF) Council for four years till 2025. He is also the Vice President of Badminton Asia. He is the current Chief Minister of Assam.

Badminton World Federation (BWF)

• Headquarters: Kuala Lumpur, Malaysia
• Founded: 5 July 1934
• President: Poul-Erik Hoyer Larsen

Awards and Recognitions

Hockey India wins prestigious Etienne Glichitch Award

• Hockey India won the prestigious Etienne Glichitch Award in recognition of its contribution to the growth and development of the sport in India. The award was announced by the governing body of the game International Hockey Federation (FIH).
• The Polish Hockey Association won the Theo Ikema Award. England striker Sam Ward was named as the recipient of the Super Fair Play Trophy René G Frank.
• Sharon Williamson of New Zealand was named as the winner of the HRH Sultan Azlan Shah Award.

Shree Malani Foams Pvt Ltd wins the Star Export House Award by the Union Ministry of Commerce and Industry

• Shree Malani Foams Private Limited won the coveted ‘Star Export House’ award from the Union Ministry of Commerce & Industry. The certification is valid for 5 years, between 2021 to 2026.
• Shree Malani Foams Private Limited has emerged as the first and only mattress firm to be awarded with this honour in the past 5 years.

Ramanathapuram forest ranger Sathish bags MoEFCC India Biodiversity Award 2021

• The forest range officer of Ramanathapuram subdivision of Gulf of Mannar Marine National Park, S Sathish has bagged the ‘India Biodiversity Award 2021’.
• He won the award under the ‘Sustainable Use of Biological Resources’ category. NM Shaji won the India Biodiversity Award 2021 in the individual category of ‘Conservation of Domesticated Species’.
• The award has been given by the Union Ministry of Environment, Forest and Climate Change (MoEFCC) and the United National Development Programme (UNDP).

Rankings

Jharkhand ranks first in the implementation of Smart City Mission schemes

• Jharkhand has reached the first position in the recent ranking released by the Union Ministry of Housing and Urban Affairs. The ranking is based on the progress of the implementation of the Smart City Mission’s schemes running in different 100 cities of the country’s 36 states and union territories. Rajasthan came at the 2^nd position.
• On the other hand, Delhi is at number 11 and Bihar is at number 27 in the list of States and Union Territories.

Smart City Mission Scheme:

• Smart City Mission Scheme was launched by the Prime Minister of India, Narendra Modi, in 2015. The main objective of the Smart Cities Mission is to promote cities that provide core infrastructure, clean and sustainable environment through the application of Smart Solutions.

Obituary

China’s ‘father of hybrid rice’ Yuan Longping passed away at 90

• Yuan Longping, a Chinese scientist who developed hybrid rice varieties that helped feed people around the world, passed away at the age of 90. He was known as the ‘Father of Hybrid Rice’. He spent nine years of research trying to create a hybrid rice combination.

Indian boxing’s 1^st Dronacharya awardee coach OP Bhardwaj passed away at 82

• Veteran boxing coach OP Bhardwaj passed away at the age of 82. He was India’s first Dronacharya awardee coach in boxing and was the coach of the Indian national side from 1968 to 1989.
• He was also a member of the National team squad in the President’s Cup in Seoul in 1976 and also in the Afghan International Cup in Kabul in 1976.

Former Atomic Energy Commission Chairman Srikumar Banerjee passed away at 75

• Former Chairman of the Atomic Energy Commission, Srikumar Banerjee, passed away in Navi Mumbai. He was the Chairman of the Atomic Energy Commission and Union Secretary of the Department of Atomic Energy.
• He was also a Shanti Swarup Bhatnagar Award recipient and a fellow of the Indian National Science Academy.

Sports News

Indian women’s para shuttler pair of Palak Kohli and Parul Parmar qualify for Paralympics

• Indian Women’s pair of Palak Kohli and Parul Parmar became the first Indian para shuttlers to qualify for the Tokyo Paralympics. They have achieved the qualification for the SL3-SU5 Women’s Doubles event in para-badminton, which will be making its debut in this year’s Paralympics.

Former Ireland and England fast bowler Boyd Rankin retires from international cricket

• The 36-year Ireland fast bowler Boyd Rankin announced retirement from all forms of international cricket. He played 153 games for Ireland in two stints between 2003 and 2020, including 2007 and 2011 World Cup matches.
• He played a single Test for England in the 2013-14 Ashes and seven ODIs and a pair of T20s. He is the only cricketer who has played for two countries in all three formats of the game.

Daily CA May 23 and 24 One-liner: