Current Affairs Quiz - May, 2024

Notes:
The National Bank for Agriculture and Rural Development (NABARD) recently sanctioned a study on the impact evaluation of Geographical Indication (GI) products to Symbiosis School of Economics. A GI is a sign used on products that have a specific geographical origin and possess qualities or a reputation that are due to that origin. The protection of intellectual property through laws will help to reap benefits in terms of economic growth, employment and income generation.

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:
ISRO released the Indian Space Situational Assessment Report (ISSAR) highlighting a rise in space object population. ISRO System for Safe and Sustainable Space Operations Management (IS4OM), operational since 2022, ensures ISRO’s space asset safety. Globally, 3143 objects were launched, with five major break-up events. India launched 127 satellites by 2023 and successfully conducted seven ISRO missions, including Chandrayaan-3 and Aditya L-1. Collision Avoidance Manoeuvres increased to protect spacecraft from close approaches.

Notes:
Google’s DeepMind collaborated with Liverpool Football Club to develop TacticAI, an AI system focusing on corner kick tactics. This tool offers predictive and generative insights, aiding football managers in strategic decisions. It allows coaches to sample various player setups for corner kicks, selecting the most successful ones. TacticAI integrates both predictive and generative components, enhancing its effectiveness in tactical analysis.

Notes:
The European Society for Clinical Microbiology and Infectious Diseases and the Global Leaders Group (GLG) on AMR organized a high-level event in Barcelona, Spain. It aims to unite world leaders and experts across sectors to boost political action on antimicrobial resistance (AMR). Established in 2020, the GLG advises on AMR and is supported by the Quadripartite Joint Secretariat involving FAO, UNEP, WHO, and WOAH, to maintain global momentum and leadership on AMR.

Notes:
India will host the 46th Antarctic Treaty Consultative Meeting (ATCM 46) and the 26th Meeting of the Committee for Environmental Protection (CEP 26) in Kochi, Kerala, from May 20 to 30. Organized by the Ministry of Earth Sciences (MoES) through the National Centre for Polar and Ocean Research (NCPOR), these meetings aim to foster global discussions on Antarctica’s environmental conservation and scientific collaboration. India, a Consultative Party since 1983, operates two research stations and enacted the Antarctic Act in 2022.

Notes:
The UN has formed a panel to address critical energy transition minerals, primarily sourced from underdeveloped nations like those in Africa. This initiative aims to curb resource nationalism and environmental damage caused by high demand for these minerals. The panel’s goal is to establish global principles for a smoother transition to renewable energies, aligned with sustainable development goals and climate agreements. It emphasizes equitable benefits for communities and environmental protection.

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:
The Comptroller and Auditor General of India (CAG), Girish Chandra Murmu, signed an MoU with Nepal’s Auditor General, Toyam Raya, in Kathmandu. The MoU aims to enhance cooperation between the auditing institutions of both countries, facilitating the exchange of expertise and professional capacity-building in public sector auditing. During his visit, Murmu met Nepal’s Prime Minister and Finance Minister, along with discussions on mutual cooperation in public sector audit with the Chairman of Nepal’s Public Accounts Committee.