Current Affairs Quiz - May, 2024

Notes:
Krishna M Ella, co-founder of Bharat Biotech, now heads the Indian Vaccine Manufacturers Association (IVMA) for 2024-2026. He succeeds Adar C Poonawalla, CEO of Serum Institute of India (SII). Ella aims to enhance collaboration among vaccine manufacturers, researchers, and policymakers to expedite vaccine development and bolster production. IVMA also prioritizes enabling access to affordable vaccines in developing nations. SII, under Poonawalla, pioneered the Covishield vaccine during the Covid-19 pandemic.

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:
ISRO released the Indian Space Situational Assessment Report (ISSAR) highlighting a rise in space object population. ISRO System for Safe and Sustainable Space Operations Management (IS4OM), operational since 2022, ensures ISRO’s space asset safety. Globally, 3143 objects were launched, with five major break-up events. India launched 127 satellites by 2023 and successfully conducted seven ISRO missions, including Chandrayaan-3 and Aditya L-1. Collision Avoidance Manoeuvres increased to protect spacecraft from close approaches.

Notes:
Sri Lanka’s Cabinet approves renovation of Kankesanthurai Port, funded entirely by India. The port, located in the Northern Province, spans about 16 acres and is 104 km from Karaikal Port in Puducherry, India. The decision underscores efforts to enhance connectivity and infrastructure in the region. Additionally, a direct passenger ship service links Nagapattinam in Tamil Nadu to Kankesanthurai, covering 111 km in around three and a half hours.

Notes:
Russia’s government released new footage allegedly targeting two Ukrainian High Mobility Artillery Rocket Systems (HIMARS) following increased US military aid to Ukraine. HIMARS was developed in the late 1990s for the United States Army by Lockheed Martin Corporation, a US-based aerospace and Security Company. The M142 HIMARS is a light, multiple rocket launcher that’s mounted on a standard U.S. Army Family of Medium Tactical Vehicles (FMTV) M1140 truck frame. It’s designed to engage and defeat targets such as artillery, light armor, air defense concentrations, personnel carriers, and trucks.

Notes:
The Asian Development Bank’s report on Aging well in Asia highlights four vital aspects of older persons’ well-being: health, productive work, economic security, and social engagement. It reveals that developing Asia faces rapid aging, with the older population set to almost double to 25.2% by 2050. India’s challenges include low health insurance coverage (21%) for older individuals and heavy reliance (80%–90%) on private income and assets for retirement.

Notes:
Ben Wells, a rising cricketer for England, retired at 23 due to a rare heart disease, ARVC. Despite signing with Gloucestershire in 2021 and delivering notable performances, he hadn’t played for England. His condition echoes that of former player James Taylor. Wells’ career, marked by an unbeaten 108-run knock, ends abruptly, raising awareness about ARVC’s impact on athletes’ lives.

Notes:
An Atlas V rocket is poised to launch Boeing’s Starliner crew capsule on its third test flight, marking the first with astronauts aboard. Starliner is a spacecraft designed to ferry astronauts to space, consisting of a crew capsule and service module. With innovative features like wireless internet and tablet interfaces, it’s reusable up to 10 times, fitting atop Atlas V rockets operated by United Launch Alliance, a Boeing-Lockheed Martin venture.

Notes:
Groww Mutual Fund recently introduced India’s inaugural Nifty Non-Cyclical Consumer Index Fund. This mutual fund aims for long-term capital growth by investing in securities from the Nifty Non-Cyclical Consumer Index (TRI), comprising 30 companies less affected by economic instability. Non-cyclical stocks, also termed defensive stocks, sustain demand irrespective of economic fluctuations, catering to daily consumer necessities like food and utilities, making them resilient investment choices.

Notes:
IN-SPACe has released norms, guidelines, and procedures (NGP) for Indian Space Policy, 2023, enhancing regulatory predictability and ease of business. It covers Authorization for space activities within Indian territory and jurisdiction, including launch, operation, and re-entry of space objects. Only Indian entities can seek Authorization, while non-Indian entities can apply through Indian counterparts. The NGP outlines criteria and conditions for Authorization, ensuring transparency and compliance with regulations in the Indian space sector.