Current Affairs Quiz - May, 2024

Notes:
The National Bank for Agriculture and Rural Development (NABARD) recently sanctioned a study on the impact evaluation of Geographical Indication (GI) products to Symbiosis School of Economics. A GI is a sign used on products that have a specific geographical origin and possess qualities or a reputation that are due to that origin. The protection of intellectual property through laws will help to reap benefits in terms of economic growth, employment and income generation.

Notes:
Google’s DeepMind collaborated with Liverpool Football Club to develop TacticAI, an AI system focusing on corner kick tactics. This tool offers predictive and generative insights, aiding football managers in strategic decisions. It allows coaches to sample various player setups for corner kicks, selecting the most successful ones. TacticAI integrates both predictive and generative components, enhancing its effectiveness in tactical analysis.

Notes:
NHPC Limited, India’s premier hydropower developer, has inked a Memorandum of Understanding with Ocean Sun, a Norwegian tech firm specializing in floating solar solutions. The agreement aims to explore joint ventures in deploying Ocean Sun’s innovative floating solar technology, utilizing hydro-elastic membranes. NHPC’s commitment to sustainable development and renewable energy expansion is reinforced through this partnership, aligning with its portfolio diversification into solar, wind, and green hydrogen projects.

Notes:
The Indian Institute of Technology-Patna (IIT-P) secured a patent for its lightweight, compact inverter, developed under the startup scheme ‘Portable Power Technology’. The invention integrates battery and inverter into one unit, reducing weight by 80%. Designed by five young scientists and guided by A K Thakur, it promises clean energy generation with improved battery life. The patent ensures IIT-P’s copyright for 20 years, facilitating commercial use from next month.

Notes:
Dubai is developing the world’s largest airport, Al Maktoum International Airport, under Sheikh Mohammed bin Rashid Al Maktoum’s leadership. With a capacity for 260 million passengers annually, it will feature 400 terminal gates and five parallel runways. Beyond transportation, it aims to integrate into urban life, commerce, and global trade, positioning itself as the “world’s airport” within Dubai South. This ambitious project underscores Dubai’s dedication to innovation and global connectivity.

Notes:
Recently, an Indian Air Force (IAF) helicopter collected water from Bhimtal Lake in Nainital, Uttarakhand to help control a nearby forest fire.The Indian Army and the IAF were called in to help control the blaze, with MI-17 choppers lifting water from the lake for firefighting efforts. Bhimtal Lake, Uttarakhand’s largest lake in the Nainital district, is a centerpiece of the Kumaon region, dubbed India’s “lake district.” Named after the Mahabharata’s Bhima, it formed naturally due to Earth’s crust shifts. Constructed in 1883 during the British era, it features a masonry dam.

Notes:
The OECD’s “Economic Outlook” report, released on May 2, 2024, raised India’s economic growth forecast for 2024-25 to 6.6%, up from 6.2%. It also projects a 6.6% growth rate for 2025-26. The OECD joins other institutions in revising India’s growth prospects. The report attributes India’s accelerated growth to increased public investment and business confidence. It emphasizes the need for the government to address indebtedness through revenue growth, spending efficiency, and fiscal rules.

Notes:
RailTel Corporation of India has partnered with a tech firm to implement KAVACH, an indigenous Automatic Train Protection System, in India and abroad. Developed by RDSO in collaboration with the Indian industry, KAVACH operates at Safety Integrity Level – 4 with a remarkably low error probability. Its features include centralized train movement monitoring, automatic overspeed prevention, and SOS message relaying.

Notes:
The ICC has banned West Indies cricketer Devon Thomas for five years due to breaching anti-corruption codes of SLC, ECB, and CPL. The ban was imposed by the ICC as the designated Anti-Corruption Official. Thomas accepted the charges, leading to the sanction without a tribunal hearing. The ban includes a suspension of the last 18 months. Thomas admitted to violating several provisions of the codes.

Notes:
APSEZ, backed by President Marcos, plans a deep port in Bataan, Philippines, focusing on ports, airports, power, and defense. Regional expansion targets agricultural product ports, fostering tourism and business gateways. Adani cites stable leadership and environment as reasons for investment, indicating confidence in the Philippines’ potential.