Current Affairs Quiz - May, 2023

Notes:
India EXIM Finserv IFSC Private Ltd will be set up in the GIFT city by the EXIM Bank of the third quarter of the current financial year.
This proposed subsidiary of the EXIM bank will focus on the on international export factoring in the presence of an import factor to promote trade finance and factoring.

Notes:
Samudra Shakti-23 is a bilateral exercise between India and Indonesia. It is being held from May 14 to 19 this year.
INS Kavaratti, indigenously designed and built ASW Corvette is participating in the 4th edition of Bilateral exercise. Exercise Samudra Shakti is aimed at enhancing interoperability, jointness and mutual cooperation between both navies.

Notes:
Burachapori wildlife sanctuary is a protected area situated in Assam, on the south bank of the Brahmaputra River.
The state government recently announced the plan to open the traditional path of wild animals from the Kaziranga National Park to Orang National Park through this wildlife sanctuary.

Notes:
The Department of Telecommunications, Government of India has finally launched the Sanchar Saathi portal, to help users track their lost or stolen mobile phones.
It uses the Central Equipment Identity Register (CEIR) system, to block or locate lost mobile phones. The system is managed by the Centre for Department of Telematics (CDoT).

Notes:
The Training Programme on Legislative Drafting will be inaugurated by the Union Home Minister Amit Shah.
The programme was organised by the Institute of Constitutional and Parliamentary Studies (ICPS), in collaboration with the Parliamentary Research and Training Institute for Democracies (PRIDE).

Notes:
The fourth Positive Indigenisation List (PIL) for Defence Public Sector Undertakings (DPSU) was released recently by the Union Defence Ministry.
The list covered 928 strategically-important Line Replacement Units (LRUs), sub-systems, spares and components.

Notes:
Non-kinetic warfare, also known as the contactless warfare, is the action against an adversary without a direct conventional military action.
Defence Rajnath Singh said the concept of non-kinetic warfare has highlighted the need for advanced technology in the defence sector.

Notes:
The Insurance Regulatory and Development Authority (IRDAI) has relaxed norms for surety bonds to expand the surety insurance market.
Surety bond is a type of insurance policy that protects the party involved in a transaction or contract from potential financial loss caused by the breach of contract or other types of non-performance.

Notes:
Mukhyamantri Sikho Kamao Yojana (Chief Minister Learn and Earn Scheme) was approved by the Madhya Pradesh Cabinet.
Youth who have passed class 12, ITI, UG and PG are eligible for this scheme. The scheme will provide stipend to the youths along with training, skill upgradation will boost their employment opportunities and pave way for a better way of earning.

Notes:
South Africa is set to manufacture a cost-effective and generic variant of the long-acting cabotegravir (CAB-LA) drug, used for HIV prevention, marking the first time the country produces this medication.
The move is significant as the majority of medicine production on the African continent is limited to only 38 countries, resulting in less than 40% of medicines being manufactured locally.