Current Affairs Quiz - May, 2024

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:
Indonesia’s Mount Ruang volcano erupted multiple times, prompting the highest alert level and evacuation orders for thousands due to potential tsunami risks. The country’s volcanology agency cautioned that the threat persists after over half a dozen eruptions this month, leading to the evacuation of over 6,000 individuals.

Notes:
Daryapur arachnologist unveils Peucetia chhaparajnirvin, a new green lynx spider species. Found in Tal Chhapar Wildlife Sanctuary, Rajasthan, it’s named after the locale. Typically dwelling on Vachellia nilotica leaves, its green hue aids camouflage for ambushing prey. With swift legs, it hunts nocturnally, feasting on small insects. Lynx spiders, known for their active hunting style sans webs, belong to the family Oxyopidae in the order Araneida.

Notes:
Hindu devotees gather in Hinglaj, Lasbela district, Pakistan, for an annual festival at the ancient cave temple of Hinglaj Mata. The pilgrimage begins with a trek to steep mud volcanoes, where pilgrims climb stairs and rocks to reach the summit. Tossing coconuts and rose petals into the crater, they seek divine permission to visit the temple. Dedicated to Goddess Hinglaj, it’s one of the oldest temples in the Indian subcontinent. Located near the Hingol River, in Balochistan, Pakistan, the temple complex features shrines, caves, and sacred natural formations.

Notes:
On May 3, 2024, the Permanent Mission of India to the UN and the Ministry of Panchayati Raj, with UNFPA, host “Localizing the SDGs: Women in Local Governance in India Lead the Way” during CPD57 in New York. Elected women representatives, including Sabhadhipati Supriya Das Datta (Tripura), Sarpanch Kunuku Hema Kumari (Andhra Pradesh), and Sarpanch Neeru Yadav (Rajasthan), led by Secretary Vivek Bharadwaj, will showcase Indian women’s grassroots leadership.

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:
Researchers from Cochin University of Science and Technology (Cusat) discovered a new marine tardigrade species, Batillipes chandrayaani, on Tamil Nadu’s southeast coast, named after Chandrayaan-3. Found in Mandapam’s intertidal beach sediments, it measures 0.15mm in length and 0.04mm in width. Sporting a trapezoid-shaped head and four pairs of legs with sharp-tipped sensory spines, both sexes share similar morphology. It’s the 39th species under the genus Batillipes. Tardigrades, dubbed “water bears,” are resilient micro-animals, with marine species constituting 17% of known tardigrades, found across all oceans.

Notes:
The Sri Madhava Perumal Temple reveals a historic trade route from over 1,000 years ago. Submerged in the Bhavanisagar dam, lowered water levels now unveil the temple in Erode district, Tamil Nadu. Hoysala King Veera Ballala III appointed Madhava Perumal Dhandanayaka to govern, who constructed the Dhandanayaka Fort 680 years ago. His son, Veera Siddha Keththaya Dhandanayaka, built the temple within. Later ruled by Vijayanagara Empire, Ummattur chiefs, and Tipu Sultan, the fort witnessed the Battle of Sathyamangalam in 1790.

Notes:
The Supreme Court ordered an end to illegal mining in the Aravalli Range in Rajasthan. Stretching 692 kilometers across Gujarat, Rajasthan, and Haryana, the Aravallis are India’s oldest mountain range, vital for ecology and hydrology. They prevent desertification, regulate climate, and support diverse ecosystems and rivers like Sabarmati and Luni. Abundant in biodiversity, the range hosts dry deciduous forests, scrublands, and numerous species of mammals, birds, reptiles, and insects.

Notes:
India’s World Press Freedom Index score declined from 36.62 to 31.28 in 2024, per Reporters Without Borders. This annual report assesses journalism freedoms across 180 nations. India’s rank improved from 161 to 159 due to others’ decline. However, India lags behind Turkey, Pakistan, and Sri Lanka. Despite a slight improvement in security, scores fell across other indicators, signaling challenges to press independence.