Daily Current Affairs: May 26, 2021

Daily Current Affairs (May 26, 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

World Thyroid Day – 25 May

• World Thyroid Day is observed annually on 25 May. The day is to create awareness about the importance of Thyroid and the prevention and treatment of thyroid related diseases.
• This day was established in 2008 as a part of the campaign led by the European Thyroid Association (ETA) and the American Thyroid Association (ATA), followed by the Latin American Thyroid Society (LATS) and Asia Oceania Thyroid Association (AOTA) to commemorate the patients with Thyroid diseases and doctors and physicians who treat them.
• 2021 Theme: “Mother-Baby-Iodine: The Importance of Iodine on the Woman and her Baby”. 

National News

Union Corporate Affairs Ministry launches the first phase of the MCA21 V3.0 portal

• Union Minister of State for Finance and Corporate Affairs Anurag Singh Thakur launched the first phase of MCA21 V3.0, comprising of a revamped website, new email services for ministry officials as well as two new electronic modules for books and consultation.
• The portal provides easy and secure access to Union Ministry of Corporate Affairs (MCA) services to corporate entities, professionals and the public.

Cheetahs to be re-introduced at Kuno National Park in Madya Pradesh

• Cheetah, the world’s fastest land animal, which was declared extinct in India in 1952, is expected to be re-introduced into the country in November 2021 at the Kuno National Park in Madhya Pradesh.
• Union Ministry of Environment, Forest and Climate Change (MoEFCC) has approved a budget outlay of the ‘Project Cheetah’ as 1,400 lakhs for 2021 fiscal.

Madhya Pradesh      

• Capital: Bhopal
• Chief Minister: Shivraj Singh Chauhan
• Governor: Anandiben Patel (Additional Charge)

International News

Italy virtually hosts the G20 Global Health Summit on the global health crisis

• The Italian Presidency and the European Commission jointly hosted the G20 Global Health Summit in Rome, Italy. The summit adopted the agenda to overcome the COVID-19 pandemic. It also decided to develop and endorse a Rome Declaration of principles.

Italy

• Capital: Rome
• President: Sergio Mattarella
• Prime Minister: Mario Draghi

Fiame Naomi becomes the first female Prime Minister of Samoa

• Fiame Naomi Mata’afa became the first female Prime Minister of Samoa. She replaces Tuilaepa Sailele Malielegaoi of the Human Rights Protection Party (HRPP). She was also the first female Deputy Prime Minister of Samoa from 2016 to 2020.

Samoa:

• Capital: Apia
• Currency: Samoan Tālā
• Prime Minister: Fiame Naomi Mataʻafa

Banking and Economy

Barclays revises India’s GDP growth forecast to 9.2% for FY22

• A British brokerage, Barclays, revised India’s GDP growth estimate by a sharp 0.80 per cent to 2 per cent for fiscal 2021–22 (FY22). Barclays reasoned that India will increase economic costs by at least a further $42.6 billion, assuming another round of similarly stringent lockdowns is imposed for eight weeks.

Acquisitions and Mergers

NPCI partners with PayCore to help merchants accept contactless payments

• The National Payments Corporation of India (NPCI) had partnered with PayCore, Turkey’s global payment solutions company, as one of the certified partners for RuPay SoftPOS to drive cashless payments across India.
• RuPay SoftPOS enables merchants to accept payments securely from contactless cards, mobile wallets, and wearables just with their mobile phones.
• Millions of merchants now can convert their Near Field Communication (NFC) enabled smartphones into a POS machine to accept contactless payments through RuPay SoftPOS.

National Payments Corporation of India (NPCI)

• Headquarters: Mumbai, Maharashtra
• Non-Exe Chairman: Biswamohan Mahapatra
• MD & CEO: Dilip Asbe
• Founded: 2008

PayNearby ties up with Centrum Microcredit to facilitate unsecured business loans to retailers

• India’s leading branchless banking and digital payments network, PayNearby, had tied up with Centrum Microcredit Limited to facilitate unsecured business loans to its retail partners.
• The partnership is aimed to strengthen the business growth of PayNearby’s retailers under COVID-19 by providing credit facilities to them at affordable interest rates.

FlexiLoans partners with Vivriti Capital to disburse loans worth Rs. 300 crores to MSMEs

• Fintech platform com has partnered with Vivriti Capital to provide working capital financing of over Rs. 300 crores to Micro, Small and Medium Enterprises (MSMEs) across India.
• MSMEs can apply for loans online and receive in-principal approval within 24–48 hours digitally without manual intervention.
• The partnership will be powered by FlexiLoans.com’s technology and credit underwriting platform ‘BiFrost’, which has been integrated with Vivriti’s Co-lending platform ‘CredAvenue’.

Science and Technology

IIT Ropar develops unique detector ‘FakeBuster’ to detect imposters attending a virtual conference

• The Indian Institute of Technology (IIT) Ropar, Punjab and Australia-based Monash University had developed a unique detector named ‘FakeBuster’ to detect imposters attending a virtual conference without anyone’s knowledge.
• It can also find out faces manipulated on social media to defame or make a joke of someone.

Appointments

Subodh Kumar Jaiswal was appointed as the Director of the CBI

• The Union Government has appointed Subodh Kumar Jaiswal as the Director of CBI (Central Bureau of Investigation) for two years.
• He is a Maharashtra cadre IPS officer of the 1985 batch. Currently, he is working as the Director-General of the Central Industrial Security Force (CISF).

Indian-origin Anvee Bhutani was elected as the President of Oxford Students Union

• Anvee Bhutani, an Indian-origin student from Magdalen College at the University of Oxford, has won the Student Union (SU) byelection for the 2021–22 academic year.
• She was the Co-Chair of the Campaign for Racial Awareness and Equality (CRAE) at Oxford SU and President of the Oxford India Society.

Awards and Recognitions

Odisha CM Naveen Patnaik’s Private Secretary VK Pandian to receive FIH President’s Award

• Chief Minister of Odisha, Naveen Patnaik’s Private Secretary, V Karthikeyan Pandian, was named as a recipient of the prestigious FIH (International Hockey Federation) President’s Award.
• He was instrumental in successfully organising the men’s Hockey World Cup and other international hockey events in Bhubaneswar.

Nageshwar Reddy becomes the first Indian doctor to win Rudolf Schindler Award

• Padma Bhushan awardee Nageshwar Reddy has been bestowed with the Rudolf V. Schindler Award from The American Society of Gastrointestinal Endoscopy (ASGE), one of the apex bodies in the world of GI endoscopy.
• He became the first Indian doctor to receive the prestigious award. He is also the Chairman of AIG Hospitals in Hyderabad, Telangana.

Books and Authors

A new book titled “Nehru, Tibet and China” was authored by Avtar Singh Bhasin

• A new book titled “Nehru, Tibet and China” authored by Avtar Singh Bhasin is set to be released in June 2021. This book is based on years of meticulous archival research, this book, in fascinating detail analyses the events from 1949 to the Indo-China war in 1962. The book will be published by Viking Penguin.

Rankings

Conor McGregor tops in the list of highest-paid athletes of 2021: Forbes

• According to the annual Forbes list, Irish mixed martial arts superstar Conor McGregor was named as the world’s highest-paid athlete in 2021. The list was followed by football icons Lionel Messi and Cristiano Ronaldo,

The Forbes Top 10 Highest-Paid Athletes:

1. Conor McGregor (Ireland) – $180 million
2. Lionel Messi (Argentina) – $130 million
3. Cristiano Ronaldo (Portugal) – $120 million
4. Dak Prescott (United States) – $107.5 million
5. Lebron James (United States) – $96.5 million
6. Neymar (Brazil) – $95 million
7. Roger Federer (Switzerland) – $90 million
8. Lewis Hamilton (United Kingdom) – $82 million
9. Tom Brady (United States) – $76 million
10. Kevin Durant (United States) – $75 million

Obituary

1971 war hero Col. Panjab Singh passed away at 79

• Decorated veteran of the 1971 war Panjab Singh passed away at the age of 79 in Chandigarh. He was commissioned into the 6^th Batallion of the Sikh Regiment on 16 December 1967. He was also conferred with the Vir Chakra Award.

Sports News

Atletico Madrid clinches the 2020–21 La Liga title after defeating Valladolid

• Atletico Madrid clinched the 2020-21 La Liga title after defeating the Valladolid football club. Atletico Madrid finished at the top of the standings on 86 points while Real Madrid came second on 84 points. Valladolid finished at the 19^th
• This is only the second time in 17 years that a team other than Barcelona or Real Madrid has won the title.

Daily CA May 26 One-liner: