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:
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:
Every year, May 1st marks International Labour Day, celebrated worldwide, including in India, to honor the contributions of the labor movement. Originating from the 1886 Chicago labor strike demanding an eight-hour workday, it gained significance after the Haymarket incident. In 1889, leaders from twenty nations established it as International Labour Day. The 2024 theme focuses on workplace safety and health amidst climate change, emphasizing ongoing challenges faced by workers globally.

Notes:
India and Croatia convened their 11th Foreign Office Consultations in New Delhi. Discussions encompassed regional and global concerns, emphasizing bilateral relations’ enhancement in trade, defense, science, tourism, and culture. Cultural and people-to-people exchanges were underscored. Indian Secretary Pavan Kapoor and Croatian Director General Dr. Petar Mihatov led the respective delegations. They also deliberated on international cooperation, emphasizing the India-EU Free Trade Agreement’s timely conclusion.

Notes:
In West Bengal, Swarna Chitrakar is a revered figure among the village’s patuas (scroll painters). The Prime Minister recently lauded Odisha’s Bhagyashree Sahu, another pattachitra artist, on his show Mann ki Baat. Pattachitra, a traditional cloth-based scroll painting, originates from Odisha and West Bengal, dating back to the 12th century. Patuas depict daily life scenes, accompanied by songs. Pattachitra serves ritual and souvenir purposes in Odisha, forming a key part of Bengali narrative art.

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:
National Anti-Doping Agency (NADA) India recently concluded up its #PlayTrue Campaign, drawing over 12,133 participants nationwide. Held from April 15th to 30th, 2024, the campaign aimed to raise awareness about clean sports and anti-doping practices. It showcased NADA’s dedication to educating athletes, coaches, and sports enthusiasts on anti-doping regulations. Through various activities like quizzes and awareness sessions, NADA encouraged fair play and integrity in sports, aligning with World Anti-Doping Agency (WADA’s) vision.

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:
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:
The United States accuses Russia of using chloropicrin, a chemical warfare agent, in Ukraine. Chloropicrin, originally a poison gas in WWI, is a broad-spectrum chemical with various applications. It’s highly volatile, appearing as a colorless to yellow oily liquid. Exposure induces severe irritation to eyes, skin, and respiratory tract, causing vomiting. Chemical weapons, utilizing toxic effects on organisms, aim to cause harm or death.