Current Affairs Quiz - May, 2024

Notes:
Krishna M Ella, co-founder of Bharat Biotech, now heads the Indian Vaccine Manufacturers Association (IVMA) for 2024-2026. He succeeds Adar C Poonawalla, CEO of Serum Institute of India (SII). Ella aims to enhance collaboration among vaccine manufacturers, researchers, and policymakers to expedite vaccine development and bolster production. IVMA also prioritizes enabling access to affordable vaccines in developing nations. SII, under Poonawalla, pioneered the Covishield vaccine during the Covid-19 pandemic.

Notes:
India will host the 46th Antarctic Treaty Consultative Meeting (ATCM 46) and the 26th Meeting of the Committee for Environmental Protection (CEP 26) in Kochi, Kerala, from May 20 to 30. Organized by the Ministry of Earth Sciences (MoES) through the National Centre for Polar and Ocean Research (NCPOR), these meetings aim to foster global discussions on Antarctica’s environmental conservation and scientific collaboration. India, a Consultative Party since 1983, operates two research stations and enacted the Antarctic Act in 2022.

Notes:
Invest India projects India’s e-commerce to reach $325 billion by 2030, driven by 500 million consumers and widespread internet access. It anticipates India becoming the 3rd largest online retail market by 2030. The agency, under the Ministry of Commerce and Industry, revealed in 2022, e-commerce was worth $70 billion, constituting 7% of retail.

Notes:
The Controller General of Patents, Designs, and Trademarks awarded the Geographical Indication certificate to ‘Kutch Ajrakh’ artisans from Gujarat. Ajrakh, a textile craft deeply rooted in Gujarat’s culture, especially in Kutch, Sindh, and Barmer, involves intricate hand-block printing on cotton cloth. Its name derives from ‘Azrak’, meaning indigo, a key dye used. Traditionally, Ajrakh prints symbolize sky (blue), land and fire (red), and stars (white), reflecting rich symbolism and history.

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:
Former Foreign Minister Jeremiah Manele elected as Solomon Islands’ new Prime Minister, securing 31 votes out of 49 in a secret ballot. His victory suggests continued close ties with China. Manele pledges integrity and prioritization of national interests in his inaugural address, defeating opposition leader Matthew Wale, who garnered 18 votes.

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.

Notes:
An Atlas V rocket is poised to launch Boeing’s Starliner crew capsule on its third test flight, marking the first with astronauts aboard. Starliner is a spacecraft designed to ferry astronauts to space, consisting of a crew capsule and service module. With innovative features like wireless internet and tablet interfaces, it’s reusable up to 10 times, fitting atop Atlas V rockets operated by United Launch Alliance, a Boeing-Lockheed Martin venture.

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.