Daily Current Affairs: May 5, 2021

Daily Current Affairs (May 5, 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 Midwives’ Day – 5 May

• International Day of the Midwives was first celebrated in the year 1991 and has since been observed in over 50 nations around the world.
• The idea of having a day to recognize and honor midwives came out of the 1987 International Confederation of Midwives conference in the Netherlands.
• In 2014 it was celebrated in Iran and New Zealand among other places.
• 2021 Theme: “Follow the Data: Invest in Midwives”

World Maths Day – 5 May

• World Maths Day is an online international mathematics competition, powered by educational resource provider 3P Learning Smaller elements of the wider Mathletics program effectively power the World Maths Day event.
• The first World Maths Day was held on 14 March 2007 (Pi Day).

National Cartoonists Day – 5 May

• National Cartoonists Day is observed annually on 5 May. The day honors all those creative ink-stained artists, past and present, and the fascinating pieces they have created. Throughout the years.
• In 1990, the National Cartoonists Society proclaimed 5 May as National Cartoonists Day.

National News

Prahlad Singh Patel virtually participated in G-20 Tourism Ministers’ meeting held in Italy

• Union Minister of State for Tourism & Culture Prahlad Singh Patel virtually participated in G20 Tourism Ministers’ Meeting held in Italy.
• Minister congratulated Massimo Garavaglia, Minister of Tourism, and Government of Italy for holding the G-20 Tourism Ministers’ Meeting in these difficult times.

G-20

• Founder: Group of Seven (G7)
• Founded: 26 September 1999
• Chairman: Mario Draghi

Italy

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

Narendra Singh Tomar releases the new framework for implementation of the SVAMITVA Scheme

• Union Minister for Panchayati Raj Narendra Singh Tomar released the new framework for implementation of the SVAMITVA Scheme and Coffee Table Book (CTB) to mark the nationwide roll-out of the SVAMITVA Scheme.
• The SVAMITVA Framework developed by the Ministry of Panchayati Raj provides a detailed roadmap and guidelines for the various States in terms of the Scheme.
• Coffee Table Book on SVAMITVA Scheme is an effort to condense the vast efforts of various stakeholders involved in the implementation of the Scheme.
• The Minister stated that property cards have been distributed in more than 7400 villages and more than 7,00,000 beneficiaries have been benefited from the Scheme across the country.

Mamata Banerjee was sworn in as West Bengal CM for the third time

• Trinamool Congress chief Mamata Banerjee was sworn in as the chief minister of West Bengal for the third consecutive term after a massive win in the State assembly elections.
• Governor Jagdeep Dhankhar administered her the oath of office and secrecy at a low-key ceremony at Raj Bhawan held amid the raging COVID-19 pandemic.

West Bengal    

• Capital: Kolkata
• Chief Minister: Mamata Banerjee
• Governor: Jagdeep Dhankhar
• National Park (NP): Buxa National Park, Gorumara National Park, Neora Valley National Park, Jaldapara National Park, Singalila National Park, Sundarbans National Park

International News

Cabinet gives ex-post facto approval to MoU between India and UK on Global Innovation Partnership

• The Union Cabinet, chaired by Prime Minister Narendra Modi gives ex-post facto approval to the signing of the Memorandum of Understanding (MoU) between the Ministry of External Affairs of the Government of Republic of India and Foreign, Commonwealth, and Development Office (FCDO) of the United Kingdom on Global Innovation Partnership (GIP).
• GIP will also develop an open and inclusive e-marketplace (E-BAAZAR) for cross-border innovation transfer and will focus on results-based impact assessment thereby promoting transparency and accountability.

United Kingdom

• Capital: London
• Currency: Pound Sterling.
• Prime Minister: Boris Johnson

Banking and Economy

Goldman Sachs lowers India’s growth forecast to 11. 1% from 11.7% for FY22

• Goldman Sachs lowered its estimate for India’s economic growth to 11.1 per cent from 11.7 per cent in FY22 (2021-2022). Goldman Sachs has also revised the 2021 Calendar Year growth forecast to 9.7 percent, from the previous estimate of 10.5 percent.

Goldman Sachs Group:

• Headquarters: New York, United States
• Chairman and CEO: David M Solomon

RBI announces ₹50,000 crore priority lending by banks for COVID-related healthcare infrastructure

• Reserve Bank of India (RBI) Governor Shaktikanta Das announced ₹50,000 crore priority lending by banks for hospitals, oxygen suppliers, vaccine importers, COVID drugs, and other COVID-related health infrastructure till 31 March 2022.
• In an unscheduled address, the Governor stated that the situation in the country has reversed from being on the foothills of strong economic recovery to facing a fresh crisis.

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)

Science and Technology

Serum Institute of India set to invest £240 million in the UK

• Ahead of the UK.-India bilateral summit, Prime Minister Boris Johnson has announced £1 billion investment deals by Indian companies that will create 6,500 jobs in the U.K.
• The biggest in the investment deals is by the Serum Institute of India (SII) amounting to £240 million.

Serum Institute of India (SII)

• Founded: 1966
• Founder: Cyrus S. Poonawalla
• CEO: Adar Poonawalla

Biodegradable yoga mat developed by 6 young girls from Assam

• A biodegradable and compostable yoga mat called ‘Moorhen Yoga mat’ developed from water hyacinth by six young girls from the fishing community in Assam could turn this water plant from a nuisance to wealth.
• The girls belong to the fishing community living in the fringe of the Deepor Beel, a permanent freshwater lake in the southwest of Guwahati city, recognised as a Ramsar Site and a bird wildlife sanctuary.

Appointments

Jose Mourinho appointed as the Italian football club AS Roma coach

• Jose Mourinho was appointed Italian football club AS Roma coach on a three-year contract from next season onwards. He succeeded Paulo Fonseca.
• He won the Champions League with Porto (2004), three Premier League titles with Chelsea, and La Liga with Real Madrid (2012) in his coaching career.

US Diplomat Daniel Smith takes charge as interim envoy to India

• Top American diplomat Daniel Smith has taken charge as the US interim envoy to India amidst the unfolding humanitarian crisis in the country. The Biden administration had deputed him to spearhead close cooperation between the two countries.

United States of America (USA)

• Capital: Washington DC
• Currency: US Dollar
• President: Joe Biden
• Vice-President: Kamala Harris

Apple hires former Google AI scientist

• Apple Inc has hired former distinguished Google scientist Samy Bengio, who left the search giant amid turmoil in its artificial intelligence research department.
• Bengio is expected to lead a new AI research unit at Apple under John Giannandrea, senior vice president of machine learning and AI strategy.

Apple

• Headquarters: California, United States
• Founded: 1 April 1976
• CEO: Tim Cook

Awards and Recognitions

Philippine’s journalist Maria Ressa to receive 2021 UNESCO/Guillermo Cano World Press Freedom Prize

• Maria Ressa was named as the 2021 laureate of the UNESCO/Guillermo Cano World Press Freedom Prize. The $25,000 prize “recognises outstanding contributions to the defence or promotion of press freedom especially in the face of danger”. The prize was named after the Colombian journalist Guillermo Cano Isaza.

United Nations Educational, Scientific and Cultural Organization (UNESCO):

• Headquarters: Paris, France
• Head: Audrey Azoulay
• Founded: 16 November 1945

Philippines

• Capital: Manila
• Currency: Peso
• President: Rodrigo Duterte

SAIL enters 100 most-valued Indian firms’ club

• Steel Authority of India Ltd (SAIL) regained market capitalisation (m-cap) of Rs 50,000 crore after its stock climbed over 80 percent in the past one and half months.
• SAIL is one of the leading steel producers in India, which has 5 large integrated steel plants (Bhilai steel plant, Rourkela steel plant, Durgapur steel plant, Bokaro steel plant, and IISCO) spread across 4 states in eastern India (Chattisgarh, Odisha, West Bengal, and Jharkhand).
• In addition, SAIL also has 3 special steel plants (Salem Steel plant, Alloy Steel plant, and Visvesvaraya iron and steel plant) and a Ferro Alloy plant at Chandrapur.

Steel Authority of India (SAIL)

• Headquarters: New Delhi
• CEO: Soma Mondal
• Founded: 19 January 1954

Obituary

‘Shooter Dadi’ Chandro Tomar passed away at 89

• Shooter Chandro Tomar, nicknamed ‘Shooter Dadi’ passed away at the age of 89 due to Covid-19. She won many awards in the senior citizen category including Stri Shakti Sanman presented by the President of India.
• She was already above 65 when she picked up the gun for the first time but has won around 30 national competitions.

Chennai social activist Traffic Ramaswamy passed away at 87

• Prolific social activist and crusader KR Ramaswamy, popularly known as Traffic Ramaswamy passed away in Chennai. He was also known for filing Public Interest Litigations (PILs) in the Madras High Court against footpath encroachments, road widening and encroachments and traffic violations.

Padma Shri awardee and former scientist Manas Bihari Verma passed away at 78

• The Indian aeronautical scientist Manas Bihari Verma passed away at the age of 78. He played instrumental role in the development of the Light Combat Aircraft (LCA) – Tejas.
• He worked as a scientist at the Defence Research Development Organisation (DRDO) for 35 years in the aeronautical stream. He won the Padma Shri award in 2018.

Sports News

All India Chess Federation launches ‘Checkmate Covid Initiative’ to help chess community fight COVID-19

• All India Chess Federation (AICF) launched the ‘Checkmate Covid Initiative’ to help the chess community affected by the pandemic.
• The initiative was launched at an online event in the presence of FIDE (World Chess Federation) president Arkady Dvorkovich, Viswanathan Anand (five-time world champion), World Rapid Chess Champion Koneru Humpy, AICF president Sanjay Kapoor and Secretary Bharat Singh Chauhan.

All India Chess Federation (AICF)

• Headquarters: Chennai, Tamil Nadu
• President: Sanjay Kapoor
• Secretary: Bharat Singh Chauhan
• Founded: 1951

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