Current Affairs Quiz - May, 2023

Notes:
‘Soaring Eagle’ exercise is a regular large-scale exercise conducted by the South Korea Air Force. It commenced recently at an air base in Cheongju, 112 kilometre south of Seoul.
The exercise mobilises more than 160 personnel and nearly 60 warplanes, including F-35A stealth fighters, and other tanker transport aircraft.

Notes:
Palli Karma Sahayak Foundation (PKSF) was set up by the Bangladesh government to provide debt assistance to the country’s not-for-profit micro lenders.
India’s microfinance sector is looking to set up a dedicated funding institution in line with Bangladesh model.

Notes:
Dr Jayant V. Narlikar, an astronomer, recently became the first recipient of the ASI Govind Swarup Lifetime Achievement award.
The award was instituted in 2022 to celebrate the golden jubilee of the Astronomical Society of India (ASI).

Notes:
Hyderabad airport recognised as world’s most punctual as per the recently released report by aviation analytical firm, Cirium.
As per the report, the airport recorded 90.43 percent on-time performance. It is the only airport in the world to cross the 90 per cent On-Time Performance mark.

Notes:
Shanghai Cooperation Organisation (SCO) members have unanimously adopted India’s proposal for developing Digital Public Infrastructure (DPI).
India has the record of developing Digital Public Infrastructure (DPI) like the UPI and Aadhaar to ease government services.

Notes:
Innovations for Defence Excellence (iDEX) is the flagship initiative of the Union Defence Ministry. It recently reached a millstone with the signing of the 250th contract.
The contract is the first one under the Mission DefSpace, and the 100th SPRINT (Navy) contract. Mission DefSpace was launched with 75 Defence Space Challenges to be addressed by the private sector.

Notes:
The Union MNRE Ministry has revised the Approved List of Models and Manufacturers (ALMM) regulations to increase participation of private entities in the renewable energy manufacturing supply chain.
It will minimize compliance cost for solar PV manufacturers and ease the processing of application filing.

Notes:
Auschwitz museum has initiated a project to preserve shoes of 8,000 children who were killed by Nazis. Its aim is to showcase the reality within the concentration camp during the Second World War.
The exercise is expected to be a two-year effort which seeks to showcase the reality of the camp, where Adolf Hitler and his Nazi troops killed millions, including children from 1940 to 1945.

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:
The ‘South Asian Youth Table Tennis Championship 2023’ recently concluded in Itanagar.It was a three-day international event in which more than 100 athletes from six countries Bhutan, Bangladesh, India, Maldives, Sri Lanka and Nepal participated.
In the Under-19 Boys singles, Ankur Bhattacharjee defeated Payas Jain to claim the gold, while in Under-19 girls’ singles, Suhana Saini defeated Yashaswini Ghorpade claimed the gold.