Current Affairs Quiz - May, 2024

Notes:
The National Council of Applied Economic Research predicts India’s economy to surpass 7% growth this fiscal year, citing global growth, trade acceleration, and a promising monsoon. The IMF has raised India’s growth forecast for 2024-25 to 6.8%, up from 6.5%. Government data reveals a 7.6% growth in FY24.

Notes:
Scientists continue to explore Mexico’s Taam Ja’ Blue Hole in Chetumal Bay, hinting at a connection to a complex network of underwater caves. Blue holes, like Taam Ja’, are sinkholes formed by the dissolution of soluble rock, such as limestone. Taam Ja’ is the world’s deepest known underwater sinkhole, plunging at least 1,380 feet below sea level. It surpasses the previous record holder, the Sansha Yongle Blue Hole, by 390 feet.

Notes:
The Reserve Bank of India (RBI) launched the ‘Inflation Expectations Survey of Households’ and ‘Consumer Confidence Survey’ to inform its bi-monthly monetary policy decisions. The former gathers subjective assessments on price movements from 19 cities, collecting both qualitative and quantitative data on inflation expectations. The latter seeks qualitative responses on economic conditions, employment, prices, income, and spending, also spanning 19 cities. These surveys aim to provide crucial insights for RBI’s policy formulation.

Notes:
The International Monetary Fund (IMF) approved a $1.1 billion disbursement to Pakistan under the Stand-By Arrangement (SBA), aimed at addressing balance of payments issues. SBAs offer short-term financial aid to member countries, commonly used by both advanced and emerging economies. Eligibility extends to nations with external financing needs. Funding is contingent on policy reforms, including quantitative targets and structural measures. Loan duration ranges from 12 to 36 months.

Notes:
Vinay Vir, the esteemed journalist, publisher, and editor of Daily Hindi Milap, known for championing Hindi in the South, passed away at 72. His impactful management and editing elevated Hindi’s presence. Born into a family of freedom fighters, Vinay Vir was a dedicated advocate for Hindi’s growth. Secretary of the Yudhvir Foundation, he honored achievers. His legacy remains intertwined with the advancement of Hindi and the recognition of talent.

Notes:
Rajasthan introduced a digital water distribution system for agriculture, employing “Barabandi,” a fixed turn method for canal water distribution. The new online “barabandi” system, developed by NIC Jaipur, allows scheduled irrigation supply accessible remotely. Farmers can track water flow to their fields, reducing manual errors. This innovation aims to optimize water usage and enhance agricultural efficiency in Rajasthan.

Notes:
The Bengaluru-based Indian Institute of Astrophysics (IIA) recorded the moon passing in front of Antares, a massive red supergiant star in Scorpius constellation. Antares, 10,000 times brighter than the Sun, is 700 times its diameter and lies 600 light-years away. Despite its size, Antares has low density and temperature, around 6,100°F (3,400°C), giving it a ruddy color. Red supergiants are large, cool stars approaching the end of their lives, highly luminous but with low surface temperature.

Notes:
India will acquire MQ-9B Predator drones from the US, deploying them in Tamil Nadu and Uttar Pradesh. Developed by General Atomics Aeronautical Systems, it’s a high-altitude, long-endurance armed UAV. Used by the US for surveillance and airstrikes, it has two variants: SkyGuardian and SeaGuardian. The latter has been utilized by the Indian Navy since 2020.

Notes:
Tamil Nadu accuses Kerala in Supreme Court of obstructing Mullaperiyar dam maintenance while raising safety concerns. Kerala allegedly delays routine maintenance for months to over a year. Tamil Nadu seeks court’s intervention for completing strengthening works on smaller and main dams, requesting permission to cut 15 trees. It criticizes Kerala for not cooperating despite supervisory committee’s authority under Dam Safety Act, 2021. The dam, built in late 1800s, diverts Periyar river to Tamil Nadu.

Notes:
In Indonesia, scientists witnessed a wild male orangutan treating a facial wound with chewed-up leaves of a medicinal plant. Orangutans, recognized by their red fur, are the largest arboreal mammals, spending over 90% of their time in trees. They inhabit Sumatra and Borneo, with habitats ranging from swamp forests to mountainous regions. Three species exist: Bornean, Sumatran, and Tapanuli. Sharing 96.4% of human genes, orangutans face critical endangerment, classified as such by the IUCN Red List.