Current Affairs Quiz - May, 2024

Notes:
The National Council of Applied Economic Research predicts India’s economy to surpass 7% growth this fiscal year, citing global growth, trade acceleration, and a promising monsoon. The IMF has raised India’s growth forecast for 2024-25 to 6.8%, up from 6.5%. Government data reveals a 7.6% growth in FY24.

Notes:
The Reserve Bank of India (RBI) launched the ‘Inflation Expectations Survey of Households’ and ‘Consumer Confidence Survey’ to inform its bi-monthly monetary policy decisions. The former gathers subjective assessments on price movements from 19 cities, collecting both qualitative and quantitative data on inflation expectations. The latter seeks qualitative responses on economic conditions, employment, prices, income, and spending, also spanning 19 cities. These surveys aim to provide crucial insights for RBI’s policy formulation.

Notes:
The launch of the ‘Ammunition Cum Torpedo Cum Missile Barge, LSAM 20 (Yard 130)’, 6th Barge of the 11 x ACTCM Barge Project, built by MSME Shipyard, M/s Suryadipta Projects Pvt Ltd, Thane for Indian Navy, occurred on 29 Apr 24. The contract was signed on 05 Mar 21. These Barges, designed and built indigenously, enhance operational capabilities by facilitating transportation and embarkation of ammunition. They are a part of the Make in India initiative.

Notes:
Zimbabwe introduces the ZiG currency, aiming to stabilize its economy. The ZiG, backed by gold reserves, replaces the depreciated Zimbabwe dollar. Initially launched electronically, physical banknotes and coins are now in circulation. Despite efforts to restore faith, skepticism persists, with some government departments refusing to accept the new currency. This move reflects ongoing struggles to address Zimbabwe’s enduring economic challenges.

Notes:
India has initiated Project ISHAN (Indian Single Sky Harmonized Air Traffic Management) in Nagpur, Maharashtra. The project aims to streamline air traffic management (ATM) by consolidating India’s four Flight Information Regions (FIRs) into a single system overseen from Nagpur. India’s airspace is currently divided into four FIRs and a sub-FIR at Guwahati. The FIRs are controlled by India through Delhi, Mumbai, Kolkata, and Chennai, with a sub-FIR at Guwahati. India also shares its FIRs with 12 neighboring countries.

Notes:
Air Marshal Nagesh Kapoor took charge as Air Officer Commanding-in-Chief (AOC-in-C) Training Command on May 1, 2024. Commissioned in 1986, he’s a veteran with over 3400 flying hours and notable stints as Commanding Officer and Station Commander. His roles include Chief Instructor at Air Force Academy, Defence Attaché in Pakistan, and staff positions in strategy and air defense. Prior to TC, he was Air Officer-in-Charge Personnel at Air HQ.

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 Bhadra Tiger Reserve, located in Karnataka’s Western Ghats, has seen a surge in safari visitors. Tourists must tread carefully in this eco-sensitive zone. The reserve, declared India’s 25th Project Tiger site in 1998, houses a significant tiger population alongside elephants and diverse fauna. Drained by the Bhadra River, it boasts dry-deciduous to semi-evergreen vegetation, including teak and medicinal plants. Other Karnataka tiger reserves include Bandipur, Nagarhole, Dandeli-Anshi, and Biligiriranga.

Notes:
Nepal introduced a new Rs 100 currency note featuring disputed Indian territories—Lipulekh, Limpiyadhura, and Kalapani—triggering contention from India. Prime Minister Prachanda chaired a meeting where the decision was made. Rekha Sharma, also the communication minister, announced the update following Nepal Rastra Bank’s proposal. The move follows tensions since Nepal’s 2020 political map included these areas. India had included them in its 2019 map, leading to diplomatic strains, notably over a road construction.