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:
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 Indian Army and the Punit Balan Group joined hands to inaugurate Pune’s inaugural Constitution Park. Lt. Gen. Ajai Kumar Singh led the ceremony, stressing citizens’ constitutional duties for India’s progress by 2047. He highlighted the global importance of the Indian Constitution, which secures Fundamental Rights and underscores Fundamental Duties. Understanding these rights and responsibilities is pivotal for India’s development.

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:
NPCI’s overseas arm signed a pact with the Bank of Namibia to develop a UPI-like instant payment system for Namibia, leveraging India’s UPI technology and experiences. The collaboration aims to modernize Namibia’s financial ecosystem, enhancing accessibility, affordability, and connectivity with domestic and international payment networks. It also emphasizes interoperability, signaling a significant step towards improving financial inclusion and digital transactions in Namibia.

Notes:
Former Foreign Minister Jeremiah Manele elected as Solomon Islands’ new Prime Minister, securing 31 votes out of 49 in a secret ballot. His victory suggests continued close ties with China. Manele pledges integrity and prioritization of national interests in his inaugural address, defeating opposition leader Matthew Wale, who garnered 18 votes.

Notes:
In FY24, the country’s fossil fuel-based power capacity increased by 2.44% to 243.22 GW from March 2023’s 237.27 GW. Non-fossil fuel capacity increased by 10.79%, reaching 190.57 GW in 2023-24 compared to 172.01 GW in 2022-23. This includes solar, wind, and hydropower. Nuclear power capacity grew to 8.18 GW from 6.78 GW, marking a 20.64% yearly increase.

Notes:
The 2024 BWF Thomas and Uber Cup, held in Chengdu, China, saw the Chinese badminton team’s dominance, winning both men’s and women’s titles. In the Thomas Cup, China beat Indonesia 4-1, claiming their 11th victory. India, defending champions, lost to China in the quarterfinals. The Uber Cup followed a similar narrative. China’s victory marks the first time since 2012 that one nation has clinched both titles at the world team championships.

Notes:
Researchers have achieved a milestone by producing Goldene, a free-standing sheet of gold just one atom thick. It marks the first-ever free-standing 2D metal. Goldene is created by sandwiching a silicon monolayer between layers of titanium carbide, then replacing silicon atoms with gold atoms. Utilizing an ancient Japanese technique with Murakami’s reagent, they etch away titanium carbide, leaving a 100 nanometre thick layer of Goldene, 400 times thinner than commercial gold leaf.

Notes:
IN-SPACe has released norms, guidelines, and procedures (NGP) for Indian Space Policy, 2023, enhancing regulatory predictability and ease of business. It covers Authorization for space activities within Indian territory and jurisdiction, including launch, operation, and re-entry of space objects. Only Indian entities can seek Authorization, while non-Indian entities can apply through Indian counterparts. The NGP outlines criteria and conditions for Authorization, ensuring transparency and compliance with regulations in the Indian space sector.