Current Affairs Quiz - May, 2024

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:
The Defence Research and Development Organisation (DRDO) conducted a successful test of the Supersonic Missile-Assisted Release of Torpedo (SMART) system on May 1, 2024, from Dr APJ Abdul Kalam Island, Odisha coast. The test validated advanced mechanisms like symmetric separation and velocity control. Defence Minister Rajnath Singh and DRDO chief Dr Samir V Kamat praised the SMART team. SMART is a next-gen lightweight torpedo delivery system boosting Indian Navy’s anti-submarine capabilities, featuring a supersonic missile carrier with a 643 km range and a 20 km lightweight torpedo.

Notes:
World Press Freedom Day, observed annually on May 3, 2024, focuses on “A Press for the Planet: Journalism in the Face of the Environmental Crisis.” Emphasizing journalism’s role in addressing global environmental issues, it highlights the importance of a free press in informing the public and holding decision-makers accountable. Proclaimed by the UN General Assembly in 1993, it commemorates the Declaration of Windhoek, promoting press freedom globally.

Notes:
The Asian Development Bank’s report on Aging well in Asia highlights four vital aspects of older persons’ well-being: health, productive work, economic security, and social engagement. It reveals that developing Asia faces rapid aging, with the older population set to almost double to 25.2% by 2050. India’s challenges include low health insurance coverage (21%) for older individuals and heavy reliance (80%–90%) on private income and assets for retirement.

Notes:
National Anti-Doping Agency (NADA) India recently concluded up its #PlayTrue Campaign, drawing over 12,133 participants nationwide. Held from April 15th to 30th, 2024, the campaign aimed to raise awareness about clean sports and anti-doping practices. It showcased NADA’s dedication to educating athletes, coaches, and sports enthusiasts on anti-doping regulations. Through various activities like quizzes and awareness sessions, NADA encouraged fair play and integrity in sports, aligning with World Anti-Doping Agency (WADA’s) vision.

Notes:
Pratima Singh, an IRS officer from the 2009 batch, appointed as Director in DPIIT for five years under the Central Staffing Scheme. Previously recommended by the Department of Revenue, she’ll formulate policies to boost industrial growth and global competitiveness of Indian industries. Her tenure begins from the date of assuming charge or until further orders. The DPIIT plays a vital role in promoting investment and facilitating industrial growth.

Notes:
The Supreme Court reserved one-third of SCBA executive committee seats for women. Minimum 3 out of 9 positions and 2 of 6 Senior Executive Member posts will be for women. At least one office-bearer post exclusively for women by rotation. Treasurer post in 2024-2025 election reserved for women. Reservation ensures minimum representation, eligible women can contest all committee posts. Justices Surya Kant and K V Viswanathan directed the decision.

Notes:
The Koothandavar festival in Koovagam, Tamil Nadu, unfolds a narrative of marriage and widowhood within a day during the Tamil month of Chithirai. Lasting 18 days, it honors Lord Aravan’s sacrifice from the Tamil Mahabharata. Transgender individuals marry Aravan on the 17th day, symbolizing devotion. On the final day, Aravan is ritually sacrificed, and his widowed spouses mourn, echoing Lord Krishna’s lament for Aravan’s plight. This unique celebration draws global attention to transgender identity.

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 Maharashtra forest department plans to move tigers from Tadoba-Andhari Tiger Reserve to Sahyadri Tiger Reserve, located in the Western Ghats. Formed in 2010, it includes Chandoli National Park and Koyna Wildlife Sanctuary. The reserve boasts unique undulating terrain with steep escarpments and barren rocky plateaus known as “Sadas.” It hosts abundant climax and near-climax vegetation, with minimal human impact anticipated.