Current Affairs Quiz - May, 2024

Notes:
China demands removal of the Sierra Madre ship, rejected by the Philippines. Commissioned in 1944 for WWII, it served in Vietnam before being transferred to the Philippines in 1976. It was positioned deliberately in 1999 at Second Thomas Shoal, part of the disputed Spratly Islands, to reinforce territorial claims. China’s ships and water cannons threaten supply boats in the area. Removal risks weakening Philippines’ claims and bolstering Chinese presence.

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:
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:
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:
India protests China’s construction in Shaksgam Valley, deemed illegal. The valley is part of Pakistan-Occupied Kashmir. It is a disputed territory claimed by India but controlled by Pakistan and ceded to China in 1963 by Pakistan. Article 6 of the agreement stipulates renegotiation after Kashmir dispute settlement. It borders Xinjiang, POK, and Siachen Glacier. The Karakoram highway, built in the 1970s, resulted from the agreement between China and Pakistan.

Notes:
Red colobus monkeys, belonging to genus Procolobus, inhabit African Savanna across West, Central, and East Africa. The Savanna’s diverse habitat offers ample trees and food sources like leaves and fruits. They serve as seed dispersers and prey for predators. Living in social groups, they exhibit striking features with reddish-brown fur. This species plays a vital ecological role in their habitat, vital for maintaining the balance in their ecosystem.

Notes:
Retired Justice Sanjaya Kumar Mishra appointed as President of GSTAT, the Second Appellate Authority under the Central GST Act, 2017. GSTAT hears appeals against orders from the Appellate Authority under CGST Act, 2017 and State GST Acts, ensuring dispute resolution uniformity. GSTAT comprises a Principal Bench in New Delhi, led by the President and two Technical Members (one from Centre, one from State), along with several State Benches.

Notes:
An Atlas V rocket is poised to launch Boeing’s Starliner crew capsule on its third test flight, marking the first with astronauts aboard. Starliner is a spacecraft designed to ferry astronauts to space, consisting of a crew capsule and service module. With innovative features like wireless internet and tablet interfaces, it’s reusable up to 10 times, fitting atop Atlas V rockets operated by United Launch Alliance, a Boeing-Lockheed Martin venture.

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:
Shashi Bhushan Singh, an Indian Railway Traffic Service officer, has been appointed as Secretary (Director level) of the National Jute Board in Kolkata by the Central Government. The appointment is for 5 years or until further notice. Established under the National Jute Board Act, 2008, the NJB began operations on April 1, 2010, consolidating the Jute Manufactures Development Council and the National Centre for Jute Diversification.