Current Affairs Quiz - May, 2023

Notes:
The RBI has directed banks and other regulated entities to transition away from the London Interbank Offered Rate (LIBOR) from 1st July.
The LIBOR is a set of interest rates calculated from submissions by large global banks. The global transition from Libor was necessitated after British financial authorities decided to phase it out in 2017 after discovering that some banks manipulated the reference rate by providing false data.

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:
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:
Amy Pope of the United States was recently elected as the direct general of the International Organization for Migration.
She is the first woman to take up this position in the organisation in its more than 70-year-old history. USA is the largest bilateral donor of the International Organization for Migration.

Notes:
In Thailand, voters have favoured Pita Limjaroenrat’s Move Forward party. The party is set to win 151 of the 500 seats in the lower house.
Voters rejected a decade of army-backed rule, handing more seats and votes to Move Forward than any other party.

Notes:
Linda Yaccarino was recently named the CEO of Twitter. She is a well-known advertising executive from NBCUniversal.
Elon Musk will transition to the role of Executive Chair and Chief Technology Officer. Linda Yaccarino was the former head of advertising at NBCUniversal.

Notes:
The Central Government recently approved the Nutrient Based Subsidy (NBS) rates for Nitrogen (N), Phosphorous (P), Potash (K) and Sulphur (S) for the 2023 kharif season.
Rice, maize, and cotton are some of the major Kharif crops in India and require good rainfall. It had also approved NBS rates for Rabi season this year (January to March).

Notes:
Platytholus clemensi is a newly discovered genus and species of pachycephalosaurid dinosaur. Its partial skull remains were found in the US’ Montana.
Also known as dome-headed or bone-headed dinosaurs, these creatures are characterized by a large, bony dome atop their skull, a short neck, short forelimbs and powerful hind limbs.

Notes:
India launched ‘Operation Karuna’ to assist Myanmar which has been recently hit by Cyclone Mocha. Four Indian Navy ships carrying relief material reached Yangon.
The ships are carrying emergency food items, tents, essential medicines, water pumps, portable generators, clothes, sanitary and hygiene items, etc.

Notes:
Dal Lake is the second largest lake in Jammu and Kashmir. CRPF recently conducted a special drill in this lake as part of security preparedness ahead of the G20 summit in Kashmir.
Marine Commandos (MORCOS) have also done similar security drills in Dal Lake. The G20 international summit in Kashmir was held from May 22 to May 24 at Sher-e-Kashmir International Conference Centre (SKICC) on the banks of Dal Lake.