Table of Contents
Daily Current Affairs 15th May 2023 Daily GK Update
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National News
PM Modi lays foundation stone worth INR 4,400 crores in Gujarat
- Prime Minister Narendra Modi has laid the foundation stone and inaugurated projects worth Rs 4400 crores in Gandhinagar, Gujarat.
- The projects inaugurated include augmentation of multi-village drinking water supply schemes in Banaskantha district, river overbridge in Ahmedabad and sewage treatment plants in Mehsana and Ahmedabad.
- The projects whose foundation stone were laid include bulk pipeline project in Junagadh district, augmentation of water supply schemes in Gandhinagar district and various town planning roads among others.
- PM also inaugurated and laid the foundation stone of PMAY (rural and urban) projects worth around 1950 crores rupees and participated in Gruh Pravesh of around 19,000 houses built under the scheme by handing over keys to beneficiaries of the scheme during the program.
- The projects include PM Awas Yojna (PMAY) projects worth INR 1,950 crores.
- PMAY houses include Swachh Bharat Abhiyan toilets, Saubhagya scheme electricity connections, free LPG connections under the Ujjwala scheme, and piped water under JJM (Jal Jeevan Mission).
PM Modi in News
- PM Modi lay foundation stone of scientific projects worth over Rs 5,800 cr in New Delhi
- PM Modi inaugurates projects worth over 5500 crore in Rajasthan
- PM Modi launched 91 FM Transmitters of capacity of 100 Watt at Diphu in Karbi Anglong district of Assam.
- PM Modi inaugurates NAMO Medical Education and Research Institute in Silvassa
- PM Modi laid foundation stone for first Digital Science Park in Thiruvananthapuram
- PM Modi flagged off India’s first water metro project in Kochi
Narendra Singh Tomar chairs 8th SCO Agriculture Ministers meet
The 8th meeting of Agriculture Ministers of Shanghai Cooperation Organization (SCO) member countries was held under the chairmanship of Union Agriculture and Farmers Welfare Minister Narendra Singh Tomar.
Russia, Uzbekistan, Kazakhstan, Kyrgyzstan, Tajikistan, China, and Pakistan participated in it, along with India.
The meeting resulted in adopting a joint declaration on agricultural cooperation among SCO member states.
India is the largest employer globally in the agriculture sector, where more than half of our population is engaged in agriculture and allied sectors, while India also represents an important economic activity for many countries.
About Shanghai Cooperation Organization (SCO)
- Founded – 2001
- Headquarters – Beijing, China
- Secretary General – Zhang Ming (China)
- Member Countries – 9 (Iran, China, India, Kazakhstan, Kyrgyzstan, Pakistan, Russia, Tajikistan & Uzbekistan)
- SCO Summit 2022 – Samarkand, Uzbekistan.
- SCO Summit 2023 – India
- The founding members (5) of Shanghai Cooperation Organization (SCO) were China, Russia, Kazakhstan, Kyrgyzstan, Tajikistan. India and Pakistan officially joined this organization in 2017
MoS Rajeev Chandrasekhar launches 3rd Semicon India Roadshow in Delhi
- Minister of State for Electronics and Information Technology Rajeev Chandrasekhar has launched the third Semicon India future design roadshow at IIT Delhi.
- The aim of these shows is to promote semiconductor designers and develop a culture of co-development and joint ownership of intellectual property with active industry participation.
- During the roadshow, global semiconductor leaders will exchange their visions to catalyze the semiconductor ecosystem in India.
- The country’s semiconductor sector offers wide-ranging opportunities as it is expected to grow to 110 billion US dollars by the year 2030.
- In 2013-14 only 500 startups were operating in India which has now increased to over 91 thousand.
- The government has announced incentives worth Rupees 76 thousand crores for semiconductor manufacturing in the country to fulfill the vision of Atmanirbhar Bharat.
MHA to organize “G20 Conference on Crime and Security” in July 2023
- The Ministry of Home Affairs will organize the “G20 Conference on Crime and Security in the Age of NFTs (Non-Fungible Tokens), Al and Metaverse” on 13th and 14th July 2023 in Gurugram, Haryana.
- The event will be held in partnership with the Ministry of Electronics and Information Technology (MeitY), the Ministry of External Affairs (MEA), and the Ministry of Home Affairs.
- Rashtriya Raksha University, National Forensic Science University, National Law School of India University, Interpol and United Nations Office on Drugs and Crime are the organising partners for the event that will be held in Haryana’s Gurugram.
About Haryana
- Capital – Chandigarh
- Chief Minister – Manohar Lal Khattar
- Governor – Bandaru Dattatreya
International News
UAE’s Sharjah Police launches ‘Stay in your lane’ campaign
- UAE’s Sharjah Police launched a traffic campaign, “stay in your lane” in May to curb road lane violations.
- The campaign aims to improve traffic culture among drivers and other road users by increasing awareness and promoting adherence to traffic rules and instructions.
- The campaign includes the dissemination of awareness messages in three different languages through the social networking sites of the Sharjah Police.
About United Arab Emirates (UAE)
- Capital – Abu Dhabi
- Currency – Dirham
- President – Mohamed bin Zayed Al Nahyan
- Prime Minister – Mohammed bin Rashid Al Maktoum
- Official language -Arabic
Banking and Financial
London stock exchange group to set up technology centre in Hyderabad
- Global financial markets infrastructure and data provider London Stock Exchange Group (LSEG) will be establishing a technology centre of excellence (CoE) in Hyderabad.
- Which will be generating employment for about 1,000 people in a year.
- The setting up of the CoE will be a significant boost to the BFSI (banking, financial services and insurance) sector in the city and expected to create ample employment opportunities and drive growth in the industry.
- The LSEG has significant operations in 70 countries across EMEA, North America, Latin America and Asia Pacific. It employs 23,000 people globally, with more than half located in Asia Pacific.
RBI launches 100 days campaign to settle unclaimed deposits
- The Reserve Bank of India (RBI) has launched the ‘100 Days 100 Pays’ campaign for banks to trace and settle the top 100 unclaimed deposits of every bank in every district of the country within 100 days.
- This measure will complement the ongoing efforts and initiatives by the Reserve Bank to reduce the quantum of unclaimed deposits in the banking system and return such deposits to their rightful owners/claimants.
- At present, the depositors and beneficiaries of unclaimed bank deposits of 10 years or more have to go through the website of multiple banks to locate such deposits.
- Now, in order to improve and widen the access of depositors or beneficiaries to information on such unclaimed deposits it has been decided to develop a web portal.
What is Unclaimed Deposit?
- An unclaimed deposit is one which does not see any activity like the infusion of funds, withdrawal, etc. from the depositor for 10 years or more, and is deemed as an inactive deposit.
- Banks transfer these amounts to the Depositor Education and Awareness (DEA) Fund maintained by the RBI.
About Reserve Bank of India (RBI)
- Founded – 1 April 1935
- RBI Nationalized – 1 January 1949
- Headquarters – Mumbai, Maharashtra
- RBI set up – Hilton Young Commission
- 1st Governor – Sir Osborne Smith (Australia)
- 1st Indian Governor – CD Deshmukh
- 25th Governor – Shaktikanta Das
- RBI Deputy Governor (4) – 1. Tavarna Rabi Sankar
- Mukesh Kumar Jain
- Michael D Patra
- M Rajeshwar Rao
Bank of Baroda launches electronic bank guarantee on its digital platform
- State-owned Bank of Baroda has launched of electronic bank guarantee (e-BG) on its BarodaINSTA platform, in partnership with National E-Governance Services Limited (NeSL).
- NeSL is India’s first and only Information Utility and is regulated by the Insolvency and Bankruptcy Board of India (IBBI) under the provisions of the Insolvency and Bankruptcy Code, 2016 (IBC).
- Electronic bank guarantee is a start-to-end digital process across the complete lifecycle of a BG including issuance, amendment and closure resulting in substantial reduction in the turnaround time in issuing a BG, while at the same time bringing in greater security and accessibility.
- The conventional paper-based process of issuing inland Bank Guarantees normally takes a few days to execute from BG issuance to receipt by the beneficiary.
Recent Facilities Launched in Banks & Insurance Sector
- AU Small Finance Bank launches RuPay credit card for self-employed customers
- RBI, BIS launch global technology competition ‘G20 TechSprint’
- Airtel Payments Bank Introduces Face Authentication for Aadhaar-enabled Payment System (AePS)
- HDFC Bank introduced a digital distribution platform HDFC Bank Smart Sarthi
- Canara Bank launched Digitalised Submission of Form 15G/15H with Reserve Bank Innovation Hub (RBIH)
RBI imposes Rs 2.92 Cr penalty on Canara Bank
- RBI has imposed a penalty of Rs 2.92 crore on Canara Bank for violation of various norms, including linking interest rates to external benchmarks and opening savings accounts of ineligible entities
- The Reserve Bank of India (RBI) conducted a statutory inspection for supervisory evaluation of the bank with reference to its financial position as on March 31, 2021.
- A scrutiny of the bank was carried out by RBI in July 2020 based on a high-value fraud reported by another bank.
- After scrutiny, the RBI found that the bank failed to link interest on floating-rate retail loans and loans to MSME to an external benchmark.
About Canara Bank
- Founded – 1906
- Headquarters- Bengaluru, Karnataka
- MD & CEO – K Satyanarayana Raju
- Tagline – Together with Can
Appointment and Resignation
Geeta Rao Gupta appointed US Ambassador for Global Women’s Issues
- The US Senate has appointed Indian-American Geeta Rao Gupta as the ‘Ambassador at Large for global issues related to women at the State Department.
- Gupta’s nomination has won by 51-47 votes in the US Senate.
- Gupta is known internationally as a leader in promoting gender equality and women’s economic security.
- Gupta worked closely with various United Nations (UN) agencies and programs. She worked as the Executive Director of the UN Foundation’s 3D Programme for Girls and Women.
- She also advises the UNAIDS Global Coalition on Women and AIDS and is on the boards of InterAction and the Moriah Fund.
Recent Appointments of Persons of Indian Origin
- Domestic policy advisor in Biden administration – Indian-origin Neera Tandon
- President of World Bank – Indian-Origin Ajay Banga
- Association of American Universities (AAU) Task Force Chairs – Neeli Bendapudi
- Warrant Officer of UK’s Royal Air Force (RAF) – Subby Subramaniam (Indian-origin)
- Deputy Secretary of State, Management and Resources in USA – Indian American Richard Verma
Praveen Sood appointed as new CBI director
- IPS officer Praveen Sood has been appointed a director of the Central Bureau of Investigation (CBI) for a period of two years.
- Sood will replace current CBI Director Subodh Jaiswal when his tenure ends on May 25.
- Sood, a 1986-batch IPS officer, was appointed Karnataka DGP in January 2020, superseding 1985-batch IPS officer Ashit Mohan Prasad.
- Praveen Sood’s name was finalized in a meeting of high-power committee comprising of Prime Minister Narendra Modi, Chief Justice of India DY Chandrachud and Leader of Opposition Adhir Ranjan Chowdhury.
- The IPS officer also served as a Commissioner of Police of Mysore city from 2004 to 2007.
- During his tenure, he work extensively on terrorists network including those of Pakistan origin. Later, till 2011, he worked as additional police commissioner in Bengaluru’s traffic police.
Recent Appointment in Defence Sector
- Military Advisor to National Security Council Secretariat (NSCS) – Sandeep Singh
- Director General Naval Operations (DGNO) – Vice Admiral Atul Anand
- Vice Chief of Naval Staff – Vice Admiral Sanjay Jasjit Singh
- Director general of SSB – Rashmi Shukla
- Vice Chief of Indian Air Force – Air Marshal Amanpreet Singh
- Deputy National Security Adviser (NSA) – Pankaj Kumar Singh
Awards
Cochin Port bagged the Sagar Shreshtha Sammaan Award 2023
- Cochin Port has bagged Sagar Shreshta Award of Ministry of Ports Shipping & Waterways for best performance among all Indian Major Ports for best turnaround time in non-container port category, during the year 2022-23.
- Union Minister for Ports, Shipping & Waterways Sarbananda Sonowal has given the award to M. Beena, Chairperson, Cochin Port Authority at a function held in New Delhi.
- The port recorded 48 hours in turning around vessels of an average parcel size of 43,800 MT. The turnaround time is an important performance parameter.
Recent Awards
- Lifetime Achievement Award by Astronomical Society of India (ASI) – Jayant Narlikar
- Bharat Ratna Dr Ambedkar Award – Yogi Adityanath
- UNESCO World Press Freedom Prize 2023 – Niloufar Hamedi, Elaheh Mohammadi, & Narges Mohammadi
- BAFTA fellowship -UK-based Indian-origin Meera Syal
- Leipzig Book Prize 2023 -Russian poet Maria Stepanova
Important day
15 May – International Day of Families
- International Day of Families is observed every year on 15 May.
- This day offers an opportunity to reflect on the significant role that these social units play in our lives and to acknowledge the challenges that families face today.
- Theme 2023 – Demographic Trends and Families
- This day was declared by the United Nations General Assembly in 1993. The first International Day of the Family was observed in 1994, and is observed annually on 15 May.
15 – 21 May – UN Global Road Safety Week
- UN Global Road Safety Week is observed every year on 15 to 21 May.
- Objective – To raise awareness about road safety and the importance of taking steps to prevent accidents.
- The week is organized by the World Health Organization (WHO) and the UN regional commissions, and it is supported by a wide range of partners, including governments, NGOs, businesses, and individuals.
- The week was first marked in 2007. This year 7th UN Global Road Safety Week will take this year from 15-21 May 2023.
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