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:
Zimbabwe introduces the ZiG currency, aiming to stabilize its economy. The ZiG, backed by gold reserves, replaces the depreciated Zimbabwe dollar. Initially launched electronically, physical banknotes and coins are now in circulation. Despite efforts to restore faith, skepticism persists, with some government departments refusing to accept the new currency. This move reflects ongoing struggles to address Zimbabwe’s enduring economic challenges.

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:
Indian Chess Prodigy Vaishali Ramesh Babu, awarded Grandmaster by FIDE, highlighted India’s rising prominence in chess. She anticipates India’s strong showing in the World Championship. Praising Viswanathan Anand’s impact, she credits her father’s decision to steer her towards chess. Supported by her parents, Vaishali became India’s third female Grandmaster after Humpy and Dronavalli. She achieved the 2500 ELO points at the Llobregat Open, with FIDE formally granting her the title at the recent Candidates Tournament in Toronto.

Notes:
The Pension Department has launched an online portal called Bhavishya for tracking pension payments and sanctions for government retirees. The portal is integrated with the pension processing and payment services of five banks, including State Bank of India, Bank of Baroda, Punjab National Bank, and Canara Bank.

Notes:
Geological Survey of India (GSI) explorers discovered ancient fossils, estimated at 35-40 million years old, in Tolegre, South Garo Hills, Meghalaya. Garo Hills, part of Meghalaya State, lies in the Meghalaya subtropical forests eco-region near the Indo-Bangladesh border. The Patkai hill range, extending into Myanmar, encompasses Garo Hills, known for heavy rainfall. It comprises five districts and is inhabited by the Garo tribe, the state’s second-largest ethnic group.

Notes:
The Uttarakhand Tourism Development Board and Starscapes have collaborated to introduce Nakshatra Sabha, an Astro Tourism venture. Beyond star-gazing, it offers solar observations, astrophotography contests, and camping. Aimed at astronomy enthusiasts and adventurers, it aims to merge cosmic wonders with Uttarakhand’s natural beauty, fostering an engaging platform for travelers.

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:
India and Indonesia recently held their seventh Joint Defence Cooperation Committee meeting in New Delhi, focusing on expanding collaboration in defence industry, maritime security, and multilateral cooperation. Both nations expressed satisfaction with the growing scope of defence cooperation. The meeting emphasized defence industry collaboration involving firms like Bharat Forge and Mahindra Defence. They stressed maritime security cooperation and highlighted Indonesia’s role in India’s Act East Policy. The collaboration aims to boost military capabilities and address common security challenges.