Daily Current Affairs Quiz: May 4, 2024

Notes:
The Pension Department has launched an online portal called Bhavishya for tracking pension payments and sanctions for government retirees. The portal is integrated with the pension processing and payment services of five banks, including State Bank of India, Bank of Baroda, Punjab National Bank, and Canara Bank.

Notes:
NPCI’s overseas arm signed a pact with the Bank of Namibia to develop a UPI-like instant payment system for Namibia, leveraging India’s UPI technology and experiences. The collaboration aims to modernize Namibia’s financial ecosystem, enhancing accessibility, affordability, and connectivity with domestic and international payment networks. It also emphasizes interoperability, signaling a significant step towards improving financial inclusion and digital transactions in Namibia.

Notes:
On May 3, 2024, the Permanent Mission of India to the UN and the Ministry of Panchayati Raj, with UNFPA, host “Localizing the SDGs: Women in Local Governance in India Lead the Way” during CPD57 in New York. Elected women representatives, including Sabhadhipati Supriya Das Datta (Tripura), Sarpanch Kunuku Hema Kumari (Andhra Pradesh), and Sarpanch Neeru Yadav (Rajasthan), led by Secretary Vivek Bharadwaj, will showcase Indian women’s grassroots leadership.

Notes:
Dr. Purnima Devi Barman, an Assamese wildlife biologist, clinched her second Whitley Gold Award, also known as the Green Oscar, for safeguarding the endangered Hargila or Greater Adjutant Stork and its wetland home. She previously won in 2017. Princess Anne, the charity’s patron, presented her the trophy in London. Dr. Barman mobilized locals to protect the stork and its habitat, increasing their population from 450 to over 1800.

Notes:
The OECD’s “Economic Outlook” report, released on May 2, 2024, raised India’s economic growth forecast for 2024-25 to 6.6%, up from 6.2%. It also projects a 6.6% growth rate for 2025-26. The OECD joins other institutions in revising India’s growth prospects. The report attributes India’s accelerated growth to increased public investment and business confidence. It emphasizes the need for the government to address indebtedness through revenue growth, spending efficiency, and fiscal rules.