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 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:
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:
Sri Lanka’s Cabinet approves renovation of Kankesanthurai Port, funded entirely by India. The port, located in the Northern Province, spans about 16 acres and is 104 km from Karaikal Port in Puducherry, India. The decision underscores efforts to enhance connectivity and infrastructure in the region. Additionally, a direct passenger ship service links Nagapattinam in Tamil Nadu to Kankesanthurai, covering 111 km in around three and a half hours.

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:
Dr. Purnima Devi Barman, an Assamese wildlife biologist, clinched her second Whitley Gold Award, also known as the Green Oscar, for safeguarding the endangered Hargila or Greater Adjutant Stork and its wetland home. She previously won in 2017. Princess Anne, the charity’s patron, presented her the trophy in London. Dr. Barman mobilized locals to protect the stork and its habitat, increasing their population from 450 to over 1800.

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 United States accuses Russia of using chloropicrin, a chemical warfare agent, in Ukraine. Chloropicrin, originally a poison gas in WWI, is a broad-spectrum chemical with various applications. It’s highly volatile, appearing as a colorless to yellow oily liquid. Exposure induces severe irritation to eyes, skin, and respiratory tract, causing vomiting. Chemical weapons, utilizing toxic effects on organisms, aim to cause harm or death.

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.