Current Affairs Quiz - May, 2024

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:
Vinay Vir, the esteemed journalist, publisher, and editor of Daily Hindi Milap, known for championing Hindi in the South, passed away at 72. His impactful management and editing elevated Hindi’s presence. Born into a family of freedom fighters, Vinay Vir was a dedicated advocate for Hindi’s growth. Secretary of the Yudhvir Foundation, he honored achievers. His legacy remains intertwined with the advancement of Hindi and the recognition of talent.

Notes:
The Indian Army and the Punit Balan Group joined hands to inaugurate Pune’s inaugural Constitution Park. Lt. Gen. Ajai Kumar Singh led the ceremony, stressing citizens’ constitutional duties for India’s progress by 2047. He highlighted the global importance of the Indian Constitution, which secures Fundamental Rights and underscores Fundamental Duties. Understanding these rights and responsibilities is pivotal for India’s development.

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:
RailTel Corporation of India has partnered with a tech firm to implement KAVACH, an indigenous Automatic Train Protection System, in India and abroad. Developed by RDSO in collaboration with the Indian industry, KAVACH operates at Safety Integrity Level – 4 with a remarkably low error probability. Its features include centralized train movement monitoring, automatic overspeed prevention, and SOS message relaying.

Notes:
India’s World Press Freedom Index score declined from 36.62 to 31.28 in 2024, per Reporters Without Borders. This annual report assesses journalism freedoms across 180 nations. India’s rank improved from 161 to 159 due to others’ decline. However, India lags behind Turkey, Pakistan, and Sri Lanka. Despite a slight improvement in security, scores fell across other indicators, signaling challenges to press independence.

Notes:
India and the Netherlands held the 12th round of Foreign Office Consultations (FOC) in The Hague on May 2, 2024. The consultations were led by Shri Pavan Kapoor, Secretary (West), Ministry of External Affairs, Government of India. The meeting was a chance to evaluate progress since the last FOC in New Delhi in December 2022. During the meeting, India and the Netherlands agreed to strengthen their bilateral ties by focusing on new technologies like green hydrogen and semiconductors.

Notes:
The Koothandavar festival in Koovagam, Tamil Nadu, unfolds a narrative of marriage and widowhood within a day during the Tamil month of Chithirai. Lasting 18 days, it honors Lord Aravan’s sacrifice from the Tamil Mahabharata. Transgender individuals marry Aravan on the 17th day, symbolizing devotion. On the final day, Aravan is ritually sacrificed, and his widowed spouses mourn, echoing Lord Krishna’s lament for Aravan’s plight. This unique celebration draws global attention to transgender identity.

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.

Notes:
The World Bank’s ‘Recipe for a Livable Planet’ report outlines strategies for achieving net zero emissions in the agrifood system. It defines the agrifood system’s scope from farm to table, highlighting its significant contribution to global greenhouse gas emissions, with developing countries and China, Brazil, and India being major emitters. India’s emissions are mainly from livestock. Despite increased climate financing, agrifood projects receive only 4.3%. The report suggests doubling investments to $260 billion yearly by 2030 for emissions reduction.