Current Affairs Quiz - May, 2024

Notes:
The Financial Intelligence Unit (FIU), established in 2004 under the Ministry of Finance recently issued alert indicators under the Prevention of Money Laundering Act (PMLA) for various sectors, including capital markets, insurance, online payment gateways, and cryptocurrency services. It analyzes suspicious financial transactions to combat money laundering and terrorism financing. Organizations like banks, stockbrokers, and insurance companies are mandated to register with FIU-IND as reporting entities under PMLA.

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Humza Yousaf resigned as Scotland’s first minister and leader of the Scottish National Party (SNP) after 13 months in office, amidst political turmoil. His leadership faced criticism following the SNP’s failed coalition with the Scottish Greens, leading to upcoming no-confidence motions.

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Former world number one archer Deepika Kumari re-inducted into the Target Olympic Podium Scheme (TOPS) core group for Paris Games. TOPS, initiated by the Ministry of Youth Affairs and Sports in 2014 (revamped in 2018), aims to enhance India’s Olympic and Paralympic performance. Funded by the National Sports Development Fund (NSDF) and Khelo India scheme, it identifies elite athletes through the TOPS Elite Athletes’ Identification Committee and provides targeted training via the Mission Olympic Cell (MOC).

Notes:
The Defence Research and Development Organisation (DRDO) conducted a successful test of the Supersonic Missile-Assisted Release of Torpedo (SMART) system on May 1, 2024, from Dr APJ Abdul Kalam Island, Odisha coast. The test validated advanced mechanisms like symmetric separation and velocity control. Defence Minister Rajnath Singh and DRDO chief Dr Samir V Kamat praised the SMART team. SMART is a next-gen lightweight torpedo delivery system boosting Indian Navy’s anti-submarine capabilities, featuring a supersonic missile carrier with a 643 km range and a 20 km lightweight torpedo.

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:
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:
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:
Recent lava from La Cumbre volcano on Fernandina Island, Galápagos, devastates the habitat of rare land iguanas. Positioned atop the mantle plume generating Galápagos, it erupted for the first time since 2020. The island, 1,125 km off Ecuador’s mainland, boasts a large caldera hosting a permanent lake, attracting diverse wildlife, including tens of thousands of Galápagos land iguanas nesting within it.

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.

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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.