Current Affairs Quiz - May, 2024

Notes:
The National Council of Applied Economic Research predicts India’s economy to surpass 7% growth this fiscal year, citing global growth, trade acceleration, and a promising monsoon. The IMF has raised India’s growth forecast for 2024-25 to 6.8%, up from 6.5%. Government data reveals a 7.6% growth in FY24.

Notes:
Humza Yousaf resigned as Scotland’s first minister and leader of the Scottish National Party (SNP) after 13 months in office, amidst political turmoil. His leadership faced criticism following the SNP’s failed coalition with the Scottish Greens, leading to upcoming no-confidence motions.

Notes:
Scientists continue to explore Mexico’s Taam Ja’ Blue Hole in Chetumal Bay, hinting at a connection to a complex network of underwater caves. Blue holes, like Taam Ja’, are sinkholes formed by the dissolution of soluble rock, such as limestone. Taam Ja’ is the world’s deepest known underwater sinkhole, plunging at least 1,380 feet below sea level. It surpasses the previous record holder, the Sansha Yongle Blue Hole, by 390 feet.

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:
The Indian government renews an agreement with Bangladesh to train 1500 Bangladeshi officers from 2025 to 2030. Signed by DARPG India and Bangladeshi Ministry of Public Administration, the pact emphasizes mid-career capacity-building for Bangladesh Civil Servants. During a 3-day visit (28-30 April 2024), led by V. Srinivas, Secretary, DARPG, the agreement was finalized, focusing on field administration programs.

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:
Hindu devotees gather in Hinglaj, Lasbela district, Pakistan, for an annual festival at the ancient cave temple of Hinglaj Mata. The pilgrimage begins with a trek to steep mud volcanoes, where pilgrims climb stairs and rocks to reach the summit. Tossing coconuts and rose petals into the crater, they seek divine permission to visit the temple. Dedicated to Goddess Hinglaj, it’s one of the oldest temples in the Indian subcontinent. Located near the Hingol River, in Balochistan, Pakistan, the temple complex features shrines, caves, and sacred natural formations.

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:
The Supreme Court ordered an end to illegal mining in the Aravalli Range in Rajasthan. Stretching 692 kilometers across Gujarat, Rajasthan, and Haryana, the Aravallis are India’s oldest mountain range, vital for ecology and hydrology. They prevent desertification, regulate climate, and support diverse ecosystems and rivers like Sabarmati and Luni. Abundant in biodiversity, the range hosts dry deciduous forests, scrublands, and numerous species of mammals, birds, reptiles, and insects.

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.