Daily Current Affairs: May 7, 2021

Daily Current Affairs (May 7, 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 7, 2021, now @ our Bankersdaily Tests.

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Important Days

World Athletics Day – 7 May

• World Athletics Day is observed annually on 7 May to promote participation in sports among the youngsters. The day was introduced by the International Amateur Athletic Federation (IAAF) in 1996.

International News

India-France-Australia holds first-ever Trilateral Ministerial Dialogue in London

• The first-ever Trilateral Ministerial Dialogue between Indian, Australian and French foreign ministers was held in London. The meeting was attended by Indian External Affairs Minister S Jaishankar, French Foreign Minister Jean-Yves Le Drian, and Australian Finance Minister Marise Payne.

Banking and Economy

Fitch Ratings projects India’s GDP growth forecast to 9.5% for FY 22

• Fitch Ratings revised India’s GDP growth forecast for the current financial year (2021– 2022) to 5 per cent. Fitch Ratings is an American credit rating agency.

Fitch Ratings

• Headquarters: New York, United States
• President: Ian Linnell

RBI excludes Lakshmi Vilas Bank from the Second Schedule of the RBI Act

• The Reserve Bank of India (RBI) has excluded Lakshmi Vilas Bank (LVB) from the Second Schedule of the RBI Act after it was merged with DBS Bank India Limited (DBIL) last year (2020).
• A bank mentioned in the Second Schedule of the Reserve Bank of India Act is known as a ‘Scheduled Commercial Bank’.

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)

eNAM selects Kotak Mahindra Bank as its digital payments partner

• Kotak Mahindra Bank has been selected as a digital payments partner by the National Agriculture Market (eNAM). The bank will enable and facilitate online transactions for all stakeholders on the eNam platform, including farmers, traders and farmer producer organisations (FPOs).
• The bank will provide payment, clearing and settlement services on the eNAM platform to facilitate trade between a buyer and seller of agri-produce.

Kotak Mahindra Bank

• CEO: Uday Kotak
• Headquarters: Mumbai

Acquisitions and Mergers

NDDB inks an MoU with EESL to offer energy-efficient solutions to the dairy industry

• National Dairy Development Board (NDDB) signed an agreement with Energy Efficiency Services Limited (EESL) to promote efficient renewable technologies in the dairy industry. The Memorandum of Understanding (MoU) was signed by the Executive Director of NDDB Meenesh Shah and EESL Director (Projects) Venkatesh Dwivedi.

Science and Technology

100-million-year-old Sauropod Dinosaur Bones discovered in Meghalaya

• Researchers have identified fossil bone fragments of Sauropod dinosaurs dating back to about 100 million years from an area around West Khasi Hills district in Meghalaya.
• The fossil bone fragments of Sauropod dinosaurs have been found by researchers from the Geological Survey of India’s (GSI) Palaeontology division in the NortheEast.

Appointments

MK Stalin was sworn in as the new Chief Minister of Tamil Nadu

• MK Stalin took the oath of office as Tamil Nadu’s Chief Minister. The oath-taking cerermony was held at Raj Bhavan in Chennai, where the new CM was sworn in by Tamil Nadu Governor Banwarilal Purohit.
• His party had registered a victory in 159 out of 234 assembly constituencies.

Tamil Nadu                      

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

N Rangasamy was sworn in as the Chief Minister of Puducherry

• N Rangasamy was sworn in as the 20^th Chief Minister of the Union Territory of Puducherry by Puducherry’s LieutenantGovernor Tamilisai Soundararajan. This is the fourth time, Rangasamy is becoming the Chief Minister of the Union Territory of Puducherry.

Puducherry

• Chief Minister: N Rangasamy
• Governor: Tamilisai Soundararajan

Rankings

Bengaluru ranks 40 in Knight Frank’s Global Prime Property Index for Q1 of 2021

• According to real estate consultant Knight Frank, Bengaluru has slipped four positions to rank 40globally in the annual price appreciation of luxury residential properties. The other cities are New Delhi and Mumbai, ranked at 32^nd and 36^th
• Three cities from china — Shenzhen, Shanghai and Guangzhou — lead the index in Q1 of 2021.

Obituary

Mahatma Gandhiji’s former personal secretary Kalyanam passed away at 99

• Former secretary of Mahatma Gandhi, V Kalyanam, passed away at the age of 99. He was Gandhi’s personal secretary from 1943 to 1948. He joined the freedom struggle in 1942 during Quit India Movement.

Acclaimed children’s author Subhadra Sen Gupta passed away

• Well-known author Subhadra Sen Gupta passed away due to COVID-19. She wrote over 50 children’s books in different genres. She won the Sahitya Akademi’s Bal Sahitya Puraskar in 2015.

May 7 CA One-liner: