Current Affairs Quiz - May, 2024

Notes:
Kundan Green Energy secures approval for a 42 MW hydropower venture in Okhali, Uttarakhand, as part of an 80 MW agreement with the state government with an investment of Rs 1,000 Crore. It targets completion by 2028, boosting the company’s hydropower capacity to 270 MW from 104 MW. A subsidiary of Kundan Group, it’s committed to India’s renewable energy goal of 500 GW by 2030, employing sustainable practices for a greener future.

Notes:
The Animal Welfare Board of India (AWBI) has urged states and UTs to fully prohibit harmful sharp threads or “manjha.” The Delhi High Court instructed the Delhi government to establish a policy for compensating victims of accidents caused by Chinese manjha. In 2017, the NGT mandated a complete ban on manjha. AWBI, a statutory advisory body founded under the Prevention of Cruelty to Animals Act of 1960, operates from Ballabhgarh, Faridabad, Haryana, focusing on animal welfare and providing grants.

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:
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:
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:
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:
Red colobus monkeys, belonging to genus Procolobus, inhabit African Savanna across West, Central, and East Africa. The Savanna’s diverse habitat offers ample trees and food sources like leaves and fruits. They serve as seed dispersers and prey for predators. Living in social groups, they exhibit striking features with reddish-brown fur. This species plays a vital ecological role in their habitat, vital for maintaining the balance in their ecosystem.

Notes:
The ICC has banned West Indies cricketer Devon Thomas for five years due to breaching anti-corruption codes of SLC, ECB, and CPL. The ban was imposed by the ICC as the designated Anti-Corruption Official. Thomas accepted the charges, leading to the sanction without a tribunal hearing. The ban includes a suspension of the last 18 months. Thomas admitted to violating several provisions of the codes.

Notes:
Shashi Bhushan Singh, an Indian Railway Traffic Service officer, has been appointed as Secretary (Director level) of the National Jute Board in Kolkata by the Central Government. The appointment is for 5 years or until further notice. Established under the National Jute Board Act, 2008, the NJB began operations on April 1, 2010, consolidating the Jute Manufactures Development Council and the National Centre for Jute Diversification.

Notes:
Groww Mutual Fund recently introduced India’s inaugural Nifty Non-Cyclical Consumer Index Fund. This mutual fund aims for long-term capital growth by investing in securities from the Nifty Non-Cyclical Consumer Index (TRI), comprising 30 companies less affected by economic instability. Non-cyclical stocks, also termed defensive stocks, sustain demand irrespective of economic fluctuations, catering to daily consumer necessities like food and utilities, making them resilient investment choices.