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:
The United States has rejected nearly one-third of shipments from Mahashian Di Hatti Pvt Ltd (MDH) since October 2023 due to salmonella contamination. Salmonella, a bacteria found in animals’ intestines and feces, causes gastrointestinal illness. It spreads to humans through contact with contaminated items or animals. Salmonella can survive for weeks in dry environments and months in water. Symptoms include diarrhea, fever, and stomach cramps, with severe cases requiring medical attention.

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:
India will host the 46th Antarctic Treaty Consultative Meeting (ATCM 46) and the 26th Meeting of the Committee for Environmental Protection (CEP 26) in Kochi, Kerala, from May 20 to 30. Organized by the Ministry of Earth Sciences (MoES) through the National Centre for Polar and Ocean Research (NCPOR), these meetings aim to foster global discussions on Antarctica’s environmental conservation and scientific collaboration. India, a Consultative Party since 1983, operates two research stations and enacted the Antarctic Act in 2022.

Notes:
Invest India projects India’s e-commerce to reach 325 billion by 2030, driven by 500 million consumers and widespread internet access. It anticipates India becoming the 3rd largest online retail market by 2030. The agency, under the Ministry of Commerce and Industry, revealed in 2022, e-commerce was worth 70 billion, constituting 7% of retail.

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:
The US Drug Enforcement Administration (DEA) proposes reclassifying marijuana from Schedule-I to Schedule-III, less tightly regulated. President Biden’s suggestion aims to align marijuana regulation with its medical potential, contrasting with Schedule-I categorization alongside heroin and LSD. Despite pending scrutiny by White House Officials and public commentary, the move signals a shift toward acknowledging marijuana’s therapeutic benefits backed by scientific evidence.

Notes:
Red colobus monkeys, belonging to genus Procolobus, inhabit African Savanna across West, Central, and East Africa. The Savanna’s diverse habitat offers ample trees and food sources like leaves and fruits. They serve as seed dispersers and prey for predators. Living in social groups, they exhibit striking features with reddish-brown fur. This species plays a vital ecological role in their habitat, vital for maintaining the balance in their ecosystem.

Notes:
India and the Netherlands held the 12th round of Foreign Office Consultations (FOC) in The Hague on May 2, 2024. The consultations were led by Shri Pavan Kapoor, Secretary (West), Ministry of External Affairs, Government of India. The meeting was a chance to evaluate progress since the last FOC in New Delhi in December 2022. During the meeting, India and the Netherlands agreed to strengthen their bilateral ties by focusing on new technologies like green hydrogen and semiconductors.

Notes:
Retired Justice Sanjaya Kumar Mishra appointed as President of GSTAT, the Second Appellate Authority under the Central GST Act, 2017. GSTAT hears appeals against orders from the Appellate Authority under CGST Act, 2017 and State GST Acts, ensuring dispute resolution uniformity. GSTAT comprises a Principal Bench in New Delhi, led by the President and two Technical Members (one from Centre, one from State), along with several State Benches.