Daily Current Affairs: May 8, 2021

Daily Current Affairs (May 8, 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 Migratory Bird Day – 8 May

• World Migratory Bird Day is observed globally on 8 May to raise awareness of migratory birds and the need for international cooperation to conserve them. The day is celebrated bi-annually on the second Saturday in May and in October.
• 2021 Theme: “Sing, Fly, Soar – Like a Bird!”

World Red Cross Day – 8 May

• World Red Cross Day is also known as Red Crescent Day. It is observed annually on 8 May. This date marks the birth anniversary of Henry Dunant, who is the founder of the International Committee of the Red Cross (ICRC). He is also a recipient of the Nobel Peace Prize.
• The first Red Cross Day was celebrated on 8 May 1948.
• 2021 Theme: “Together we are #unstoppable!”

World Thalassaemia Day – 8 May

• World Thalassaemia Day is observed on 8 May every year to raise awareness about the disease (Thalassaemia), its symptoms and prevention. Thalassemia is an inherited blood disorder, which is characterised by less hemoglobin and lesser than normal blood cells.
• 2021 Theme: “Addressing Health Inequalities Across the Global Thalassemia Community”

National News

NABARD extends financial support of Rs. 9162 crores to West Bengal

• The National Bank for Agriculture and Rural Development (NABARD) has extended financial support of 9162 crores to West Bengal during the year 2020–21 for the development of agriculture and allied sectors despite challenges due to the COVID-19 pandemic.
• NABARD has estimated a credit potential of 2.21 lakh crores for West Bengal to be disbursed by various banks for the priority sector activities.

National Bank for Agriculture and Rural Development (NABARD)

• Headquarters: Mumbai, Maharashtra
• Formation: 12 July 1982
• Chairman: Chintala Govinda Rajulu

West Bengal    

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

International News

India, Israel and UAE sign first-ever trilateral cooperation agreement

• India, Israel and the UAE have signed their first-ever trilateral pact, the first such association since Israel and UAE established diplomatic ties. A trilateral partnership has been initiated by the International Federation of Indo-Israel Chambers of Commerce (IFIICC).
• An Israel-based firm, Ecoppia, is producing a modern robotic solar cleaning technology in India for a project in the United Arab Emirates (UAE).

Israel

• Capital: Jerusalem
• Currency: Israeli Shekel
• Prime Minister: Benjamin Netanyahu
• President: Reuven Rivlin

United Arab Emirates (UAE)

• Capital: Abu Dhabi
• Currency: Dirham
• President: Khalifa bin Zayed Al Nahyan
• Prime Minister: Mohammed Bin Rashid Al Maktoum

Banking and Economy

Axis Mutual Fund launches ‘Axis Global Innovation Fund of Fund’

• Axis Mutual Fund has announced the launch of their new fund, ‘Axis Global Innovation Fund of Fund’. The fund will provide investors with an opportunity to invest in Schroder International Selection Fund Global Disruption, an equity fund that aims to provide long-term capital growth by investing in companies worldwide that benefit from disruption.
• Schroder ISF (International Selection Fund) Global Disruption seeks to provide capital growth by investing in innovative companies.

Axis Bank

• Headquarters: Mumbai
• MD & CEO: Amitabh Chaudhry
• Tagline: “Badhti Ka Naam Zindagi”

Science and Technology

IBM unveils the world’s first 2-nanometer chip technology

• IBM (International Business Machines Corporation) has unveiled a breakthrough in semiconductor design and process with the development of the world’s first chip with 2 nanometers (nm) nanosheet technology.
• It is projected to achieve 45 per cent higher performance or 75 per cent lower energy use than today’s most advanced 7 nm node chips.
• Semiconductors play critical roles in everything from computing to appliances, to communication devices, transportation systems and critical infrastructure.

Appointments

RM Sundaram was named as the Director of the Indian Institute of Rice Research

• Raman Meenakshi Sundaram was appointed as the Director of the Indian Institute of Rice Research (IIRR), an arm of the Indian Council of Agricultural Research. Prior to this elevation, he was working as Principal Scientist (Biotechnology) at the Institute’s Crop Improvement Section. He is a scientist associated with rice biotechnology, molecular breeding, etc.

RBI sets up advisory group headed by S Janakiraman to assist regulatory review authority

• The RBI has set up the second Regulatory Review Authority (RRA 2.0), initially for one year from 1 May 2021.
• The advisory group will be headed by SBI Managing Director S Janakiraman. Reserve Bank of India Deputy Governor M Rajeshwar Rao was appointed as the Regulations Review Authority.

Other members of the advisory group are:

1. TT Srinivasaraghavan (Former Managing Director and Non-Executive Director of Sundaram Finance)
2. Gautam Thakur (Chairman of Saraswat Cooperative Bank)
3. Subir Saha (Group Chief Compliance Officer of ICICI Bank)
4. Ravi Duvvuru (President and CCO of Jana Small Finance Bank)
5. Abadaan Viccaji (Chief Compliance Officer of HSBC India).

Awards and Recognitions

KVG Bank bags PFRDA awards

• Karnataka Vikas Grameen Bank (KVGB), a regional rural bank, has bagged five awards (Lead to Leap, APY Makers of Excellence, Game Changers, Leadership Capital and Amazing Achievers) under various campaigns held for enrolment of Atal Pension Yojana (APY) from the Pension Fund Regulatory and Development Authority (PFRDA).

Karnataka Vikas Grameen Bank (KVGB)

• Headquarters: Dharwad, Karnataka
• Chairman: P Gopi Krishna

Obituary

Veteran music composer Vanraj Bhatia passed away at 94

• Veteran music composer Vanraj Bhatia passed away in Mumbai after a brief illness. He won the National Film Award for Best Music Direction for the television film Tamas (1988), the Sangeet Natak Akademi Award for Creative and Experimental Music (1989).
• He also won the Padma Shri (India’s fourth-highest civilian honour) in 2012.

Former Union Minister Matang Sinh passed away at 58

• Former Union Minister Matang Sinh passed away in New Delhi. He was elected to the Rajya Sabha in 1992 from Assam and served as the Minister of State for Parliamentary Affairs from 1994 to 1998 in PV Narasimha Rao’s

Veteran journalist Shesh Narayan Singh passed away at 70

• Veteran journalist Shesh Narayan Singh passed away at the age of 70. He was a columnist, political commentator and an expert on foreign policy.

Padma Shri awardee and social activist Gutha Muniratnam passed away at 85

• Social Activist Gutha Muniratnam passed away at the age of 85. He was a member of the National Planning Commission of India and the founder of Rashtriya Seva Samithi (RASS). He was honored with the fourth highest Indian civilian award, the Padma Shri by the Union Government of India in 2012.

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