Daily Current Affairs – May 22, 2024
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Daily Current Affairs - Banking - May 22, 2024
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National News
IICA and MCA hold inter-ministerial workshop on ‘Responsible Business Conduct in India’ in New Delhi
- An Inter-Ministerial Workshop on the ‘Responsible Business Conduct in India” was organised by the School of Business Environment, Indian Institute of Corporate Affairs (IICA) along with the Ministry of Corporate Affairs in partnership with the United Nations Development Programme (UNDP) in New Delhi.
- The objective of the workshop was to map the policies of different ministries aligned with responsible business, to share the progress made against the policies and schemes related to responsible business, to deliberate the need for collaborative action, and to seek inputs for documenting initiatives pertaining to responsible business leading towards Viksit Bharat.
International News
Nepal’s Kami Rita Sherpa Climbs Mount Everest for Record 30th Time
- Nepal’s Kami Rita Sherpa Climbs Mount Everest for Record 30th time.
- He hails from Thame village in Solukhumbu, Nepal and his mountaineering journey began in 1992.
- This achievement marks Kami’s second ascent of the season.
- In May 1953, New Zealander Edmund Hillary first reached the summit for the first time.
- Nepal – Kathmandu (Capital) – Nepalese rupee (Currency) – Ram Chandra Poudel (President) – Pushpa Kamal Dahal (Prime Minister) – Nepali (Official Language)
Banking and Finance
SBI General Insurance forge bancassurance partnership with Jana Small Finance Bank
- SBI General Insurance has entered into a strategic bancassurance partnership agreement with Jana Small Finance Bank to facilitate the distribution of non-life insurance products.
- Under this strategic partnership, SBI General Insurance will offer a diverse range of general insurance products to Jana Small Finance Bank’s customers.
- These products will encompass a wide spectrum of insurance solutions, including health, personal accident, home, motor, and travel insurance.
- Additionally, the partnership will extend to the provision of commercial line insurance products, such as property, marine, and engineering insurance, catering to the diverse needs of businesses and enterprises.
- Jana Small Finance Bank Limited – 2008 (Founded) – Bengaluru, Karnataka (HQ) – Ajay Kanwal (MD & CEO) – Dr. Subhash C. Khuntia (Part Time Chairman & Independent Director)
- SBI General Insurance Company Limited – 2009 (Founded) – Mumbai (HQ) – Kishore Kumar Poludasu (MD & CEO)
Business and Economy
ICRA: India's GDP for Q4 of FY24 is 6.7%
- According to ICRA, India’s GDP growth was expected to have slowed to a four-quarter low of 6.7% between January and March, which would, however, still add up to an average 7.8% pace of growth for 2023-24.
- ICRA Limited (formerly Investment Information and Credit Rating Agency of India Limited) – 1991 (Founded) – New Delhi (HQ) – Arun Duggal (Non-Executive Chairman & Independent Director)
Science and Technology
TDK Corporation joins hands with IIT Madras innovation centre to launch accelerator program
- TDK Corporation, a leader in electronic solutions, has tied up with the Gopalakrishnan-Deshpande Center for Innovation & Entrepreneurship (GDC) at IIT Madras to launch the ‘TIIC Accelerator Program 2024’.
- The program aims to foster innovation in the Healthcare Technology and Diagnostics sector arising from Indian STEM university researchers and start-ups.
- Through this collaboration, TDK Corporation aims to harness India’s deep talent pool and creativity to propel breakthroughs in healthcare diagnostics, medical devices, and related areas.
- The programme will provide targeted support, mentorship, and partnership and investment opportunities to catalyse the growth of promising healthcare technology ventures.
- The ‘TIIC Accelerator Program 2024’ will combine TDK’s experience in the technology industry with GDC’s experience in commercialisation of research and fostering entrepreneurship.
- The programme seeks the participation of start-ups from multiple segments of the healthcare technologies and diagnostics sector.
- This includes diagnostic labs/ services, consumables, wearables and analytics.
Appointments
Dominican Republic President Abinader re-elected to 2nd term
- Dominican Republic President Luis Abinader was re-elected for another four-year term.
- He assumed office in
- Dominican Republic – Santo Domingo (Capital) – Dominican peso (Currency) – Luis Abinader (President) – Spanish (Official Language)
Mohammad Mokhber appointed as acting President of Iran
- Iran’s first Vice President Mohammad Mokhber was appointed as acting President of the Islamic Republic after the death of President Ebrahim Raisi in a helicopter crash.
- Iran – Tehran (Capital) – Iranian rial (Currency) – Ali Khamenei (Supreme Leader) – Mohammad Mokhber (Acting President) – Persian (Official Language)
BARC appoints Dr Bikramjit Chaudhuri as its new chief of measurement science and analytics
- Broadcast Audience Research Council (BARC) India has announced the appointment of Dr Bikramjit Chaudhuri as its new Chief of Measurement Science and Analytics.
- He will succeed Dr Derrick Gray, a veteran audience measurement and advanced analytics executive, who has been a member of BARC India for six years.
M&M Finance appoints Mahesh Rajaraman as CRO
- Mahindra & Mahindra Financial Services has appointed Mahesh Rajaraman as Chief Risk Officer (CRO) of the company with effect from August 1, 2024.
- He would replace Mallika Mittal.
Ranks and Indices
India Climbs 39th Position in World Economic Forum’s Travel & Tourism Development Index.
- India has climbed to the 39th position in the World Economic Forum’s Travel & Tourism Development Index 2024, while US topped the list.
- India also ranks the highest in South Asia among the lower-middle-income economies.
- Earlier, India was ranked 54th in 2021 published index.
- On an overall index score of 7, where 1 is the worst, and 7 the best, India scored 4.25.
- Spain, Japan, France, and Australia feature are the top four countries in the 2024.
- India ranking in other index- India demonstrates high price competitiveness (18th), possesses competitive air transport (26th), ground and port (25th) infrastructure.
- In particular, India’s strong Natural (6th), Cultural (9th) and Non-Leisure (9th) Resources help drive travel, and the country is only one of three to score in the top 10 for all the resource pillars.
- This is the biennial index analysed the travel and tourism sectors of 119 countries, evaluating them on a range of factors and policies that foster tourism development.
Satwik-Chirag Reclaim World No. 1 Spot in BWF Rankings
- The Indian men’s badminton duo of Satwiksairaj Rankireddy and Chirag Shetty have regained the top spot in the Badminton World Federation (BWF) Rankings.
- This gained after a remarkable victory at the Thailand Open Super 500 held in Bangkok.
- Previously they were ranked
- Badminton World Federation (BWF) – 1934 (Founded) – Kuala Lumpur, Malaysia (HQ) – Poul-Erik Høyer Larsen (President)
Awards and Recognitions
Jenny Erpenbeck’s ‘Kairos’ wins the International Booker Prize 2024
- German writer Jenny Erpenbeck and translator Michael Hofmann have won the International Booker Prize for their novel “Kairos”.
- The novel follows the destructive love affair between a 19-year-old student and a married man in his 50s who meet on a bus in East Berlin around 1986.
- The prize money is £50,000.
- Last year’s winner was Time Shelter by Bulgarian author Georgi Gospodinov and translated by Angela Rodel.
- The Booker Prizes celebrate the world’s best fiction originally written in English (the Booker Prize) or translated into English (the International Booker Prize).
- Albanian novelist Ismail Kadare was named the inaugural International Prize winner in 2005.
Obituary
Former Karnataka MP Iqbal Ahmed Saradgi passes away
- Senior Congress leader Iqbal Ahmed Saradgi and Lok Sabha MP passed away at 80.
- He represented Gulbarga constituency of Karnataka in 1999 & 2004.
- He was later elected as a Member of the Karnataka Legislative Council in 2014.
Sports News
Germany's Toni Kroos to Retire from Football After Euro 2024
- Real Madrid’s German international midfielder Toni Kroos announced that he will retire from all football after Euro 2024.
- He won the 2014 World Cup with Germany in Brazil also won the Champions League with Bayern Munich before joining the Spanish giants.
- Germany – Berlin (Capital) – German (Official Language) – Frank-Walter Steinmeier (President) – Olaf Scholz (Chancellor) – Euro (Currency)
Important Days
National Anti-Terrorism Day 2024 is observed on May 21
- National Anti-Terrorism Day is annually observed on May 21.
- The day is observed annually to commemorate the assassination of former Prime Minister Rajiv Gandhi.
- India’s youngest Prime Minister Rajiv Gandhi tragically lost his life on May 21, 1991, in Sriperumbudur, near Chennai, due to an assassination carried out by a suicide bomber from the LTTE (Liberation Tigers of Tamil Eelam).
International Day for Biological Diversity 2024 is observed on May 22.
- International Day for Biological Diversity is observed on May 22.
- The International Day for Biological Diversity was established by the Second Committee of the UN General Assembly in
- Initially, it was celebrated on December 29 to mark the day the Convention on Biological Diversity came into effect.
- However, on December 20, 2000, the date was changed to May 22 to commemorate the adoption of the Convention at the Rio de Janeiro Earth Summit in 1992 and to avoid the many holidays in late December.
- Theme – “Be part of the Plan”
Defence
Indian and French Armies Participate in Joint Military Exercise ‘Shakti’
- The Indian and French armies are sharing critical skills in jungle survival and mountain operations during the 7th edition of the Joint Exercise Shakti.
- The biennial training event, being held in Umroi, Meghalaya.
- The Exercise aims to enhance the militaries’ capabilities for multi-domain operations in semi-conventional scenarios.
- The joint exercise involves a 90-member Indian contingent from the Rajput Regiment.
- The French side has deployed 90 soldiers, mainly from the 13th Foreign Legion Half-Brigade.
- The last edition was conducted in France in November 2021.
- The exercise is celebrated since 2011.
- France – Paris (Capital) – Euro (Currency) – Emmanuel Macron (President) – Élisabeth Borne (Prime Minister) – French (Official Language)
Daily Current Affairs - May 22, 2024 - Consolidated
- IICA and MCA hold inter-ministerial workshop on ‘Responsible Business Conduct in India’ in New Delhi
- Nepal’s Kami Rita Sherpa Climbs Mount Everest for Record 30th Time
- SBI General Insurance forge bancassurance partnership with Jana Small Finance Bank
- ICRA: India’s GDP for Q4 of FY24 is 6.7%
- TDK Corporation joins hands with IIT Madras innovation centre to launch accelerator program
- Dominican Republic President Abinader re-elected to 2nd term
- Mohammad Mokhber appointed as acting President of Iran
- BARC appoints Dr Bikramjit Chaudhuri as its new chief of measurement science and analytics
- M&M Finance appoints Mahesh Rajaraman as CRO
- India Climbs 39th Position in World Economic Forum’s Travel & Tourism Development Index.
- Satwik-Chirag Reclaim World No. 1 Spot in BWF Rankings
- Jenny Erpenbeck’s ‘Kairos’ wins the International Booker Prize 2024
- Former Karnataka MP Iqbal Ahmed Saradgi passes away
- Germany’s Toni Kroos to Retire from Football After Euro 2024
- National Anti-Terrorism Day 2024 is observed on May 21
- International Day for Biological Diversity 2024 is observed on May 22.
- Indian and French Armies Participate in Joint Military Exercise ‘Shakti’
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