Current Affairs Quiz - May, 2023

Notes:
Shipbuilding Financial Assistance (SBFA) was introduced by the Indian Government to make India-made ships competitive in the global market.
Under this initiative, Indian Shipyards are provided up to 20% of the Contract Price or the Fair Price (whichever is lower) as assistance for each specialized vessel they construct.

Notes:
China has approved the Russian port of Vladivostok as a transit hub for transporting goods from its Jilin Province to the eastern regions of the country. This decision aims to reduce transportation costs and support the revitalization of Northeast China’s industrial base.
By using Vladivostok as a cross-border transit port, China aims to facilitate the movement of domestic trade goods and implement its national strategic plan.

Notes:
The Open Network for Digital Commerce (ONDC) is an interoperable network based on the BeckN protocol that enables platforms of different configurations to seamlessly connect and operate on it. It is expected to play a pivotal role in India’s digital commerce ecosystem.

Notes:
Maharana Pratap Lok will be built by the Madhya Pradesh government. The ‘Veer Shiromani Maharana Pratap Lok’ will be constructed in Bhopal.
It will be set up in memory of the Rajput King of Mewar Maharana Pratap. The Chief Minister also declared Maharana Pratap’s birth anniversary as holiday in the state.

Notes:
The draft “G20 High-Level Principles on Hydrogen” has been proposed by India recently. The discussion on global standards for ‘green, clean, and low carbon’ hydrogen was proposed at the G20 Energy Transition Working Group meeting.
It aims to set global standards for green, clean and low carbon hydrogen. It moots for an emission limit of up to 2 kg of carbon dioxide equivalent per kg of hydrogen produced.

Notes:
The Union Ministry of Oil is currently taking steps to merge the Mangalore Refinery and Petrochemicals Ltd (MRPL) into Hindustan Petroleum Corp Ltd (HPCL).
The MRPL and HPCL are two listed subsidiaries of the Oil and Natural Gas Corporation (ONGC). It is an Indian central public sector undertaking under the ownership of Ministry of Petroleum and Natural Gas.

Notes:
Sturisoma reisi is a newly discovered species of catfish. It was found in Madeira River basin in Bolivia and Brazil.
First described in 1838 with Loricaria rostrata as the type species, the genus includes 10 recognized species at present.

Notes:
Tina Turner, a famous American musician, recently passed away at the age of 83. She is the first African-American woman rock-and-roll artist.
Turner announced her retirement in 2000, a year after releasing her final solo album, Twenty Four Seven. Her autobiography ‘My Love Story’ was released in 2018.

Notes:
A new observation by NASA’s spacecraft Juno revealed that lightning in Jupiter is very similar to that of Earth.
Both the brownish ammonia clouds that cover the giant planet and the clouds that blanket Earth are made of water.

Notes:
Axis Bank launched ‘Sarathi,’ a first-of-its-kind digital onboarding journey for merchants to adopt Electronic Data Capture (EDC) or Point of Sale (PoS).
Sarathi offers merchants a streamlined and hassle-free experience. Sarathi’s features include immediate status updates, eliminating the need for follow-up visits, and the ability to transact on the same day their application is processed.