Current Affairs Quiz - May, 2024

Notes:
The Department of Public Enterprises has bestowed Navratna status upon the Indian Renewable Energy Development Agency Limited (IREDA). Established in 1987 under the Ministry of New and Renewable Energy, IREDA functions as a Non-Banking Financial Institution. The Navratna status is awarded based on specific criteria including consistent high performance, such as achieving ‘excellent’ or ‘very good’ ratings in MoUs for three out of the last five years and a composite score of 60 or above in selected performance indicators.

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.

Notes:
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.

Notes:
ISRO released the Indian Space Situational Assessment Report (ISSAR) highlighting a rise in space object population. ISRO System for Safe and Sustainable Space Operations Management (IS4OM), operational since 2022, ensures ISRO’s space asset safety. Globally, 3143 objects were launched, with five major break-up events. India launched 127 satellites by 2023 and successfully conducted seven ISRO missions, including Chandrayaan-3 and Aditya L-1. Collision Avoidance Manoeuvres increased to protect spacecraft from close approaches.

Notes:
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 Expanded Programme on Immunization (EPI) marks its 50th anniversary, initiated by WHO in 1974. Renamed UIP in India in 1985, it now offers vaccines for 13 universally recommended diseases and 17 context-specific ones. Global DPT coverage surged from 5% in the ’70s to 84% in 2022. Smallpox eradicated; polio remains in Afghanistan & Pakistan. In India, coverage grows yearly, reaching 76% in 2019-21. Immunization boasts significant returns, predominantly delivered through government facilities.

Notes:
The Pension Department has launched an online portal called Bhavishya for tracking pension payments and sanctions for government retirees. The portal is integrated with the pension processing and payment services of five banks, including State Bank of India, Bank of Baroda, Punjab National Bank, and Canara Bank.

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:
Russia’s government released new footage allegedly targeting two Ukrainian High Mobility Artillery Rocket Systems (HIMARS) following increased US military aid to Ukraine. HIMARS was developed in the late 1990s for the United States Army by Lockheed Martin Corporation, a US-based aerospace and Security Company. The M142 HIMARS is a light, multiple rocket launcher that’s mounted on a standard U.S. Army Family of Medium Tactical Vehicles (FMTV) M1140 truck frame. It’s designed to engage and defeat targets such as artillery, light armor, air defense concentrations, personnel carriers, and trucks.

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.