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:
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 Ministry of Mines and Shakti Sustainable Energy Foundation signed an MoU to enhance knowledge support for critical minerals crucial to India’s economic growth, national security, and low-carbon energy transition. The agreement was inked during the ‘Critical Minerals Summit’ at the India Habitat Centre, New Delhi, emphasizing the importance of beneficiation and processing capabilities.

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:
The OECD’s “Economic Outlook” report, released on May 2, 2024, raised India’s economic growth forecast for 2024-25 to 6.6%, up from 6.2%. It also projects a 6.6% growth rate for 2025-26. The OECD joins other institutions in revising India’s growth prospects. The report attributes India’s accelerated growth to increased public investment and business confidence. It emphasizes the need for the government to address indebtedness through revenue growth, spending efficiency, and fiscal rules.

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:
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:
José Raúl Mulino, 64, wins Panama’s presidential election with nearly 35% of votes and a 9% lead over rivals. Outgoing president, Laurentino Cortizo, congratulates him. The election, held on May 5, 2024, saw Mulino stand in for Ricardo Martinelli, who faced legal troubles. Mulino, supported by Martinelli’s party, acknowledges his assistance. Martinelli fled after a money laundering conviction. Elections also chose parliament and local governments for the next five years.