Current Affairs Quiz - May, 2024

Notes:
The International Monetary Fund (IMF) approved a $1.1 billion disbursement to Pakistan under the Stand-By Arrangement (SBA), aimed at addressing balance of payments issues. SBAs offer short-term financial aid to member countries, commonly used by both advanced and emerging economies. Eligibility extends to nations with external financing needs. Funding is contingent on policy reforms, including quantitative targets and structural measures. Loan duration ranges from 12 to 36 months.

Notes:
Every year, May 1st marks International Labour Day, celebrated worldwide, including in India, to honor the contributions of the labor movement. Originating from the 1886 Chicago labor strike demanding an eight-hour workday, it gained significance after the Haymarket incident. In 1889, leaders from twenty nations established it as International Labour Day. The 2024 theme focuses on workplace safety and health amidst climate change, emphasizing ongoing challenges faced by workers globally.

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:
Dubai is developing the world’s largest airport, Al Maktoum International Airport, under Sheikh Mohammed bin Rashid Al Maktoum’s leadership. With a capacity for 260 million passengers annually, it will feature 400 terminal gates and five parallel runways. Beyond transportation, it aims to integrate into urban life, commerce, and global trade, positioning itself as the “world’s airport” within Dubai South. This ambitious project underscores Dubai’s dedication to innovation and global connectivity.

Notes:
On May 3, 2024, the Permanent Mission of India to the UN and the Ministry of Panchayati Raj, with UNFPA, host “Localizing the SDGs: Women in Local Governance in India Lead the Way” during CPD57 in New York. Elected women representatives, including Sabhadhipati Supriya Das Datta (Tripura), Sarpanch Kunuku Hema Kumari (Andhra Pradesh), and Sarpanch Neeru Yadav (Rajasthan), led by Secretary Vivek Bharadwaj, will showcase Indian women’s grassroots leadership.

Notes:
Researchers from Cochin University of Science and Technology (Cusat) discovered a new marine tardigrade species, Batillipes chandrayaani, on Tamil Nadu’s southeast coast, named after Chandrayaan-3. Found in Mandapam’s intertidal beach sediments, it measures 0.15mm in length and 0.04mm in width. Sporting a trapezoid-shaped head and four pairs of legs with sharp-tipped sensory spines, both sexes share similar morphology. It’s the 39th species under the genus Batillipes. Tardigrades, dubbed “water bears,” are resilient micro-animals, with marine species constituting 17% of known tardigrades, found across all oceans.

Notes:
The Democratic Republic of the Congo faces its largest Mpox outbreak, with a new strain detected in a mining town, posing higher transmission risks. Since January, over 4,500 suspected cases and nearly 300 deaths have been reported, tripling from last year. The WHO highlights the severity, prompting Congo to declare a nationwide health emergency. Cases have also surfaced in the neighboring Republic of Congo.

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 Nigeria agreed to expedite the Local Currency Settlement System Agreement, aiming to enhance bilateral trade. Trade settlements will occur in Indian rupees and Nigerian naira. The decision was reached during the 2nd India-Nigeria Joint Trade Committee session in Abuja. Led by Amardeep Singh Bhatia, the Indian delegation included representatives from the RBI, EXIM Bank, and NPCI. The meeting, held from April 29 to 30, 2024, outlined areas for trade enhancement.

Notes:
The Bhadra Tiger Reserve, located in Karnataka’s Western Ghats, has seen a surge in safari visitors. Tourists must tread carefully in this eco-sensitive zone. The reserve, declared India’s 25th Project Tiger site in 1998, houses a significant tiger population alongside elephants and diverse fauna. Drained by the Bhadra River, it boasts dry-deciduous to semi-evergreen vegetation, including teak and medicinal plants. Other Karnataka tiger reserves include Bandipur, Nagarhole, Dandeli-Anshi, and Biligiriranga.