Current Affairs Quiz - May, 2023

Notes:
REMC – a subsidiary of the RITES Ltd – has established the National Energy Management Centre (NEMC) at its office. REMC stands for Railway Energy Management Company.
The purpose of this centre is to oversee and handle the energy procurement for the Railways at a pan-India level.

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:
World Economic Situation and Prospects report was released recently by the UN. According to this report, the global economic growth is expected to 2.3 percent in 2023.
The report also expected a 2.5 per cent growth in 2024. The growth rate is still well below the average growth rate in the two decades before the pandemic of 3.1%.

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:
As part of the Operation Dhvast, a massive day-long operation was conducted by the National Investigation Agency.
This operation was conducted in 8 states in terrorist-gangster-drug smugglers nexus cases, along with Haryana Police and Punjab Police.

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:
The Kerala Cabinet has recently approved the ordinance amending the Kerala Healthcare Service Persons and Healthcare Service Institutions (Prevention of Violence and Damage to Property) Act, 2012.
The ordinance includes a strict penal provision against perpetrators of violence against hospitals.

Notes:
The recent collapse of the Go First Airline could have a major impact on entire airlines ecosystem. This cash-strapped airline has announced that it has cancelled all flights until May 26.
It marks the first major airline collapse in India since Jet Airways filed for bankruptcy in 2019. Go First’s total debt to financial creditors was 65.21 billion rupees.

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.