Current Affairs Quiz - May 2022

Notes:
ICICI Bank has launched ‘Open-for-all’ Digital ecosystem for MSMEs. The digital service for Micro, Small and Medium Enterprises (MSMEs) can be used by customers of other banks.
One of the new services it provides is sanction of instant and paperless overdraft facility up to Rs 25 lakh through ‘InstaOD Plus’. The feature enables customers of any bank to avail of an overdraft instantly.

Notes:
The World Bank has approved a USD 47 million project to support the Government of India’s Mission Karmayogi program.
The project will develop competency frameworks for Central Ministries, Departments and Agencies, developing an online training platform to deliver training content and evaluate the effectiveness of training. Mission Karmayogi is a national program to build civil service capacity.

Notes:
India’s ace shuttler P V Sindhu won her second Asian Championships bronze medal as she lost the women’s singles semifinal to Japan’s Akane Yamaguchi.
She faced a three-game loss to top-seed and defending champion Akane Yamaguchi of Japan though Sindhu clinched the opening game 21-13. Lee Zii Jia defeated Jonatan Christie for title to win Men’s title while Wang Zhi Yi defeated Akane Yamaguchi in Women’s singles.

Notes:
Labour Day or International Workers’ Day is observed each year on the first day of May to celebrate the achievements of the working class. It is also called as ‘May Day.’
The first May Day celebrations took place in 1890 after proclamation by the first international congress of socialist parties in 1889 in Paris, to dedicate May 1 as the “Workers Day of International Unity and Solidarity.” The first May Day celebration in India was organised in Madras (now Chennai) by Labour Kisan Party of Hindustan in 1923. This was the first time the red flag was used in India.

Notes:
Chief Minister Bhupesh Baghel launched a scheme titled ‘Mukhyamantri Mitaan Yojna’ (Mitaan stands for friend), which will be implemented as a pilot project in 14 civic bodies, including the state capital Raipur
Under the scheme, Residents of the 14 municipal corporations can avail around 100 public services, including delivery of birth, caste, income and marriage certificates, at their doorstep.

Notes:
The Central Board of Direct Taxes is headed by a Chairman and can have six members who are in the rank of Special Secretary. It is the administrative body for the Income Tax department. There are five members in the board at present.
Recently, IRS officer Sangeeta Singh has been given the additional charge of CBDT chairperson after incumbent JB Mohapatra retired as the head of CBDT.

Notes:
India and Germany recently inked a joint declaration of intent on Indo-German Green Hydrogen Task Force
India and Germany also agreed to work together with focus on Artificial Intelligence (AI) startups as well as AI research and its application in sustainability and health care. India’s Science and Technology and Earth Sciences Minister Jitendra Singh visited Germany as part of his official tour.

Notes:
World Tuna Day on May 2 was established in December 2016 by the United Nations General Assembly, with an aim to preserve endangered species and to highlight the importance of sustainable fishing practices
On May 2- 2017, the first World Tuna Day was observed. As per the UN, around 7 million metric tons of tuna and tuna-like species are harvested every year. This year it is being celebrated under the theme “Our Tuna, Our Heritage”.

Notes:
Open, a neo-banking fin-tech portal recently raised capital to push up its value over a billlion dollars and became India’s 100th unicorn.
Open, a five-year-old Bengaluru-based neo-bank, raised USD 50 mn recently. Earlier, Google, Temasek, Visa, and Japan’s SoftBank invested USD 100 million in the startup. 14 Indian Startups entered the Unicorn Club In 2022 while 42 startups and 2 listed companies touched the billion-dollar valuation in 2021.

Notes:
Union Minister of Food Processing Industries (MoFPI) launched Three One District One Product (ODOP) brands under the Pradhan Mantri Formalisation of Micro food processing Enterprises (PMFME) Scheme in New Delhi.
The Ministry of Food Processing Industries has signed an agreement with National Agricultural Cooperative Marketing Federation of India (NAFED) for developing 10 brands of selected 20 ODOPs under the ‘branding and marketing component’ of the PMFME scheme.