Current Affairs Quiz - May, 2024

Notes:
A study mapped Afghanistan’s five river basins, each crucial for irrigation and regional dynamics. Notably, the Harirod-Murghab, originating in central mountains, sustains fertile lands in the northwest. The Helmand Basin, covering 51%, hosts Afghanistan’s longest river, vital in the southwest. The Kabul Basin, formed by the Kabul River, dominates the southeast’s drainage, while the Northern Basin differs in its internal flow. Understanding these basins aids water management and regional stability.

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 Indian Institute of Technology-Patna (IIT-P) secured a patent for its lightweight, compact inverter, developed under the startup scheme ‘Portable Power Technology’. The invention integrates battery and inverter into one unit, reducing weight by 80%. Designed by five young scientists and guided by A K Thakur, it promises clean energy generation with improved battery life. The patent ensures IIT-P’s copyright for 20 years, facilitating commercial use from next month.

Notes:
World Tuna Day, celebrated annually on May 2nd, highlights the decline in global tuna stocks and the necessity of enforcing international regulations for their preservation. Tuna, vital for both developed and developing nations, faces threats from overfishing. The day emphasizes sustainable fishing practices, reducing bycatch, and promoting international cooperation to ensure future tuna supplies. It serves as a crucial reminder of the urgent need to address the challenges confronting the tuna industry globally.

Notes:
The Sri Madhava Perumal Temple reveals a historic trade route from over 1,000 years ago. Submerged in the Bhavanisagar dam, lowered water levels now unveil the temple in Erode district, Tamil Nadu. Hoysala King Veera Ballala III appointed Madhava Perumal Dhandanayaka to govern, who constructed the Dhandanayaka Fort 680 years ago. His son, Veera Siddha Keththaya Dhandanayaka, built the temple within. Later ruled by Vijayanagara Empire, Ummattur chiefs, and Tipu Sultan, the fort witnessed the Battle of Sathyamangalam in 1790.

Notes:
China launched the Chang’e-6 probe to gather samples from the Moon’s far side, aiming to be the first nation to do so. Previously, only the USA and USSR collected lunar samples, all from the near side. China’s Chang’e 4 landed on the far side in 2019 but didn’t retrieve samples. In 2023, India’s Chandrayaan-3 mission achieved a first by landing near the Moon’s South Pole. The “dark side” of the Moon receives sunlight, contrary to its name.

Notes:
Adani Green Energy Ltd (AGEL), India’s top renewable energy firm, secured USD 400 million in funding from five international banks for its 750 MW solar projects in Rajasthan and Gujarat. These projects are scheduled to start operating from November 2024. The Rajasthan project, with 500 MW capacity, has a long-term power purchase agreement (PPA) with SECI, while the Gujarat project, with 250 MW capacity, is a standalone merchant power project in Khavda, the world’s largest RE cluster.

Notes:
The 26th ASEAN-India Senior Officials’ Meeting in New Delhi, co-chaired by Jaideep Mazumdar and Albert Chua, reviewed ASEAN-India relations, focusing on political-security, economic, and socio-cultural engagement. They discussed implementing the Prime Ministers’ 12-Point Proposal to strengthen the ASEAN-India Comprehensive Strategic Partnership. Preparation for the upcoming ASEAN-India Summit in Vientiane, Laos, was also discussed. ASEAN appreciated India’s support for ASEAN and regional architecture.

Notes:
Groww Mutual Fund recently introduced India’s inaugural Nifty Non-Cyclical Consumer Index Fund. This mutual fund aims for long-term capital growth by investing in securities from the Nifty Non-Cyclical Consumer Index (TRI), comprising 30 companies less affected by economic instability. Non-cyclical stocks, also termed defensive stocks, sustain demand irrespective of economic fluctuations, catering to daily consumer necessities like food and utilities, making them resilient investment choices.

Notes:
The Areca Research Centre at Shivamogga discovered that Areca nuts from Tirthahalli, Karnataka, are of superior quality compared to other varieties. Areca nut, also known as Betel Nut or Supari, is a key cash crop in India. It ranks fourth among the most commonly consumed psychoactive substances globally, following caffeine, nicotine, and alcohol. Widely chewed, especially in Southern Asia, it’s a key ingredient in various Smokeless Tobacco (SLT) products. Over 600 million people consume it regularly.