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The State Bank of India (SBI) has announced a strategic partnership with the FMCG arm of The Art of Living — Sri Sri Tattva. Under this partnership, YONO users can avail a discount of 15% on the entire range of products offered by Sri Sri Tattva such as food, personal care, healthcare, homecare, BYOGI apparels and Shankara skincare products. Sri Sri Tattva will make YONO’s online marketplace richer with product portfolio in the organic, wellness and Ayurvedic domains, giving SBI customers formidable shopping experience.

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German payments company Wirecard has teamed up with India to simplify the process of issuing tax identity cards required to open bank accounts, transfer money or complete business transactions. The deal, with state company UTI Infrastructure Technology and Financial Services, seeks to widen the distribution of so-called PAN cards in the country of 1.3 billion where most people still live and work in the informal economy. Munich-based Wirecard, founded in 1999, runs a digital payments platform that handles payments for merchants and issues real and ‘virtual’ payment cards to consumers. It mainly operates under arrangements that allow their partners to rebrand their products. Wirecard is already has a presence in India and its network of 15,000 retail agents in 350 cities would help collect and scan in the documents that people need to apply for a PAN card.

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The World Turtle Day (WTD) is observed every year on May 23 across the world to bring attention to, and increase knowledge of and respect for, turtles and tortoises, and encourage human action to help them survive and thrive. This year, in 2019, the India Biodiversity Portal (IBP) initiated a ‘Turtle Spotting Week’ as part of a unique exercise to document the creatures across India. The initiative aims to gather information about India’s freshwater turtles and tortoises. Anyone who has an interest in Indian Freshwater Turtles and Tortoises can participate in the first edition of the Turtle Spotting Week 2019 (May 17 to May 23) and contribute by photographing, documenting and submitting observations of turtles and tortoises that they have observed around their neighbourhood, backyard water body or on wildlife trips.

Notes:
In Ukraine, comedian and political newcomer Volodymyr Zelensky has been sworn-in as the new President of war-torn country. He starred in the long-running satirical drama ‘Servant of the People’ in which his character accidentally becomes Ukraine’s president. He plays a teacher who is elected after his expletive-laden rant about corruption goes viral on social media. He ran under a political party with the same name as his show. With no previous political experience, Mr Zelensky’s campaign focused on his difference from the other candidates rather than on any concrete policy ideas. Despite this, he stormed to victory and won 73% of the vote.

Notes:
The World Thyroid Day (WTD) is observed every year on May 25 to promote awareness and understanding of thyroid health and the advances made in treating thyroid diseases. The thyroid gland is an important part of the body and is extremely important as it regulates metabolism, affects energy levels, crucial body functions, and heart rate. Abnormalities in the thyroid gland can lead to excess production of the thyroid gland (hyperthyroidism), less production of the thyroid gland (hypothyroidism), thyroid nodules (lumps in the thyroid gland), goitre (enlargement of the thyroid gland), thyroiditis (inflammation of the thyroid gland) and thyroid cancer.

Notes:
The first-of-its-kind naval drill exercise ‘Pacific Vanguard’has been kick started by the United States, Japan, South Korea and Australia near Guam, United States. The “Pacific Vanguard” drill brings together more than 3,000 sailors from the four countries to sharpen skills and strengthen practical cooperation at sea. The drills will focus on live fire exercises, defensive counter-air operations, anti-submarine warfare, and replenishment at sea. The Royal Australian Navy contributed two frigates to the exercise – HMAS Melbourne and HMAS Parramatta. The Japanese Maritime Self-Defense Force sent destroyers – JS Ariake and JS Asahi, and South Korea the Republic of Korea Navy destroyer ROKS Wang Geon. The USS Blue Ridge, the Seventh Fleet’s flagship, will lead the operation from the U.S. side. Guam is home to more than 160,000 people, and was at the centre of nuclear tensions between Washington and Pyongyang in 2017, with North Korea threatening to hit the US territory with “enveloping fire”.

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The Reserve Bank of India (RBI) has constituted a six-member task force, headed by Canara Bank chairman T.N. Manoharan, on the development of secondary market for corporate loans. The terms of reference of the task force would include review of the existing state of the market for loan sale or transfer in India as well as the international experience in loan trading. Further the task force will be required to make recommendations on required policy or regulatory interventions for facilitating development of secondary market in corporate loans, including loan transaction platform for stressed assets. The task force has been asked to submit its report by the end of August 2019. In India, banks sell their stressed loans to the Asset Reconstruction Companies, but have practically no other alternatives. However, globally, there is a healthy corporate loan market where banks can offload their stressed assets and those get traded.

Notes:
N Kumar, Vice-Chancellor of Tamil Nadu Agricultural University (TNAU), has been conferred the lifetime recognition award by the Confederation of Horticulture Association of India at the International Conference on Innovative horticulture at Pantnagar, Uttarakhand on May 28, 2019. The award has been conferred for his outstanding contribution in the field of horticulture and academic leadership focussed on human resource development in agriculture.

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The World No Tobacco Day (WNTD) is observed every year on May 31 to create awareness about the negative impacts of tobacco consumption on human health. The focus theme of 2019 edition of WNTD is on “tobacco and lung health”. The campaign will increase awareness on: the negative impact that tobacco has on people’s lung health, from cancer to chronic respiratory disease, the fundamental role lungs play for the health and well-being of all people. The campaign also serves as a call to action, advocating for effective policies to reduce tobacco consumption and engaging stakeholders across multiple sectors in the fight for tobacco control. On the occasion, the Union Ministry of Health and Family Welfare of India organized a national consultation on tobacco and lung health in New Delhi. The consultation, organized in collaboration with World Health Organization (WHO), was aimed at raising awareness about the negative impacts of any form of tobacco consumption on the health of lung and cancer causing micro-elements in it. Theme of the event was “Don’t Let Tobacco Take Your Breath Away – Choose Health Not Tobacco”.

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Admiral Karambir Singh has taken charge as the 24th Chief of the Naval Staff (CNS) from Adm. Sunil Lanba, who stepped down upon retirement. He is the first helicopter pilot of the Navy to become the CNS. Prior to this post, Adm. Singh was the Flag Officer Commanding-in-Chief (FOC-in-C) of the Eastern Naval Command, headquartered in Visakhapatnam. During his long and distinguished service spanning nearly 39 years, Adm. Singh has served in a variety of Command, Staff and Instructional appointments. The tenure of a Service Chief is three years or 62 years of age, whichever is earlier.