Current Affairs Today 21st May 2024 Daily GK Update

Daily Current Affairs 21st May 2024 Daily GK Update

Current Affairs Quiz 2024, Daily gk updates and Current affairs play a major role in any competitive exam. so here we are providing the current affairs quiz on a daily basis for Bank, SSC, Railway and Other Government Competitive Examinations.

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National News

Sri Sri Ravi Shankar receives first Stamp released

  • Indian spiritual guru Sri Sri Ravi Shankar received the first stamp released commemorating the completion of 200 years of Indian Origin Tamils in Sri Lanka.
  • Governor of the Eastern Province of Sri Lanka Senthil Thondaman presented the stamp to Sri Sri Ravi Shankar.
  • The stamp is a way to attain recognition for the community which has been neglected for decades.
  • He thanked the Indian government as well as the Sri Lankan government for the assistance given to the IOT community.

Student Enrollment Under SC Category Grows By 44 %

  • The student enrollment under the Scheduled Caste category has grown by 44 per cent, from 46 lakh in 2014-15 to 66 lakh in 2021-22, according to a report of the National Commission for Backward Class.
  • In the report, minority female student enrollment also witnessed over 42 per cent increase, from over 10 lakh in 2014-15 to 15 lakh in 2021-22.
  • Female SC enrollment increased by 51 per cent, whereas that of ST students went up by 65.2 per cent.
  • During the academic year 2020-21, a 27 per cent reservation for OBC students was implemented in Central Schools, resulting in over 34 thousand OBC children securing admissions.
  • In Institutes of National Importance, there was a 71 per cent increase in OBC enrollment, with female OBC enrollment more than doubling.

 Conference on Administration of Criminal Justice held in Guwahati

  • The Union Ministry of Law and Justice in association with the Assam Government has organized a two-day conference ‘India’s Progressive Path in the Administration of Criminal Justice System’ in Guwahati, Assam.
  • The aim of the conference was to create awareness about the recent changes made by the government in repealing British-era criminal law and the enactment of new laws related to the criminal justice system in the country.
  • The new legislations i.e. the Bharatiya Nyaya Sanhita, 2023; the Bharatiya Nagarik Suraksha Sanhita, 2023 and the Bharatiya Sakshya Adhiniyam, 2023, replace the earlier criminal laws namely, the Indian Penal Code 1860, the Code of Criminal Procedure, 1973 and the Indian Evidence Act, 1872. As notified, these new criminal laws are to take effect from 1st July 2024.

Banking and Financial

Bank of Maharashtra tops among PSU banks in business growth in FY24

  • State-owned Bank of Maharashtra recorded the highest growth rate last fiscal in terms of total business and deposit mobilisation among public sector lenders at a time when most banks are facing difficulty in achieving double-digit growth.
  • The lender has registered a 15.94 per cent rise in the total business (domestic) in FY24.
  • Followed by the country’s largest lender State Bank of India (SBI) with 13.12 per cent growth, according to published financial numbers of the public sector banks (PSBs).
  • BoM continued to maintain its top spot in terms of growth in deposit mobilisation, with a 15.66 per cent rise in FY24. It was followed by SBI (11.07 per cent), Bank of India (11.05 per cent) and Canara Bank (10.98 per cent).
  • Out of 12 public sector banks, only these four lenders could log a double-digit growth in deposits in the financial year 2023-24.
  • In terms of low-cost CASA deposits, the BoM continued to top the chart with 52.73 per cent growth, followed by the Central Bank of India with a 50.02 per cent rise at the end of March 2024.
  • With regard to loan growth, the Kolkata-based UCO Bank was a tad higher at 16.38 per cent, followed by BoM at 16.30 per cent.
  • In terms of capital adequacy ratio, the Bank of Maharashtra was leading PSBs at 17.38 per cent, followed by Indian Overseas Bank at 17.28 per cent and Punjab & Sind Bank at 17.16 at the end of FY24.

Tata Motors’ arms partner with Bajaj Finance to provide financing to passenger

  • Tata Motors Passenger Vehicles (TMPV) and Tata Passenger Electric Mobility (TPEM), subsidiaries of Tata Motors, have joined hands with Bajaj Finance to extend supply chain finance solutions to its passenger and electric vehicle dealers.
  • Under the MoU, the participating companies will come together to leverage Bajaj Finance’s wide reach to help dealers of TMPV and TPEM access funding with minimal collateral.

Recent MoUs Signed in Banking Sector

  • PhonePe has partnered with LankaPay to allow its users to pay using UPI across Sri Lanka
  • Aurm partnered with Tata AIG General Insurance to provide comprehensive insurance coverage to its customers for their valuables.
  • South Indian Bank and Northern Arc Capital join hands to set new benchmarks in the financial sector*
  • Infibeam’s CCAvenue partners with Shivalik SFB to improve merchant access
  • Tata Motors partners with South Indian Bank for commercial vehicle finance

Appointment

Lai Ching-Te sworn in as president of Taiwan

  • Lai Ching-te of Taiwan’s ruling Democratic Progressive Party (DPP) was sworn in as the self-governing island’s new President.
  • A trained physician Lai succeeds Tsai Ing-wen to lead the democracy amid increasing threats from China, which claims the self-governing island as its territory.
  • Taiwan has had an independent government since 1949.
  • She was Taiwan’s de facto ambassador to the US from 2020 to 2023 and formerly served as a DPP lawmaker for several terms.

Newly Appointed Prime Minister & President

  • PM of Singapore – Lawrence Wong
  • President of Russia – Vladimir Putin (5th time)
  • Presidential of Panama – Jose Raul Mulino
  • PM of Solomon Islands – Jeremiah Manele
  • Deputy PM of Pakistan – Ishaq Dar

BARC appoints Dr Bikramjit Chaudhuri as chief of measurement science

  • The Broadcast Audience Research Council (BARC) India has appointed Bikramjit Chaudhuri as Chief of Measurement Science and Analytics.
  • He will succeed Dr. Derrick Grey, who is leaving the organization after a six-year stint.
  • He comes in with a rich experience spanning over three decades in the areas of Statistics, Stochastic Modelling, Market Measurement, Consumer Segmentation, AI & ML, Demand Forecasting and Big Data Analytics.
  • He was associated with the Datamatics Group of Companies as the Global Head of Data Science & Advanced Analytics, since 2016. Prior to Datamatics, Bikram has held multiple leadership roles across levels at KPMG, Nielsen and ZS Associates.

Honeywell India appoints Atul Pai as MD

  • Atul Pai has been appointed as the Managing Director of Honeywell Automation India Ltd (HAIL).
  • He succeeds Ashish Gaikwad who is taking on a broader responsibility as India Leader for Industrial Automation, one of Honeywell International Inc’s strategic business groups.
  • Atul brings more than two decades of Honeywell experience in various regional and global roles across Honeywell and its finance division.

Recent Appointment 

  • President of CII for 2024-25 – Sanjiv Puri
  • Vice President of CII for 2024-25 – R Mukundan
  • President Designate of CII for 2024-25 – EY India
  • President of Supreme Court Bar Association – Kapil Sibal
  • Chairman of Tata Electronics – N. Chandrasekaran

Sports

Nikhat Zareen and Minakshi clinch Gold Medals at Elorda Cup

  • In Boxing, Two-time world champions Nikhat Zareen and Minakshi won two gold medals for India in the 3rd Elorda Cup 2024.
  • The Indian contingent finished the Elorda Cup with 12 medals—2 gold, 2 silver, and 8 bronze. The 3rd Elorda Cup was held in Kazakhstan’s capital city of Astana.
  • Nikhat in the women’s 52 kg category, triumphed over Zhazira Urakbayeva of Kazakhstan with a 5-Nil victory, while Minakshi defeated another Uzbekistan boxer Rahmonova Saidahon, 4-1 in the women’s 48 kg event.
  • Anamika in 50 kg lost in the final to the reigning world and Asian champion China’s Wu Yu 1-4. To settle for a silver medal.

Alexander Zverev and Iga Swiatek win Singles Title of Italian open

  • German’s Alexander Zeverv defeated the first-time Masters finalist Nicolas Jarry of Chile in straight sets 6-4, 7-5 to win the 2024 Men’s Single of Italian Open Masters 1000 title.
  • This was also Zeverv’s second Italian Open title. In 2017, he won the Italian Open by defeating Novak Djokovic. It was also his first master’s title.
  • World no.1 Iga Swiatek of Poland defeated Aryna Sabalenka of Belarus in straight sets 6-2 6-3 to win the 2024 Women’s Single of Italian Open Masters 1000 title.
  • This was the third Italian Open title for Iga Swiatek in the last four years. Last year she failed to qualify for the final.

Men’s doubles

  • Winner – Marcell Granollers (Spain) and Horacio Zeballos (Argentina)
  • Runenr Up – Mate Pavic (Croatia) and Marcelo Arevalo (El Salvador)

Women’s doubles

  • Winner – Sara Errani (Italy) and Jasmine Paolini (Italy)
  • Runner Up – Coco Gauff (America) and Erin Routliffe (New Zealand)

India’s Deepthi Jeevanji smashes World Record in Women’s 400 Metre event

  • Twenty-year old Deepthi Jeevanji smashed the world record in the women’s 400m T20 and grabbed her first gold at the World Para Athletics Championships at Kobe in Japan.
  • Deepthi clocked 55.07 seconds, breaking American Breanna Clark’s earlier world record of 55.12 seconds, which she had set during last year’s edition of the championships in Paris.
  • Aysel Onder of Turkey finished second with 55.19 seconds followed by Lizanshela Angulo of Ecuador on third with 56.68 seconds.
  • The T20 classification is for athletes who have intellectual impairment.
  • Besides, Yogesh Kathuniya won the silver in the Men’s Discus Throw F56 Final with a season’s best mark of 41.80 meter.
  • Preethi Pal won a bronze medal in the Women’s 200m T35 final while Nishad Kumar bagged silver in Men’s High Jump T47 with an impressive season-best mark of 1.99 meters.

Important day

20 May – World Refugee Day

  • World Refugee Day is observed every year on 20 May.
  • Objective – To raise the world’s consciousness about the plight of the refugees who have left their homes due to war, persecution, violence or due economic factors, etc.
  • Theme 2024 – Hope Away from Home
  • In 1975, the Organization of African Unity (OAU) passed a resolution to observe 20 May as African Refugee Day to pay tribute to the resilience of those who had been forcibly displaced in Africa due to conflict.

21 May – International Tea Day

  • International Tea Day is celebrated every year on 21 May.
  • Objective – To raise awareness regarding the working conditions of people in the tea industry.
  • The International Tea Day was first initiated in 2005 by trade unions, small tea growers, and civil society organizations in Asia and Africa.
  • The day was established with the goal of addressing the issues faced by tea workers, including living wages and fair prices for small tea producers.

21 May – World Day for Cultural Diversity for Dialogue and Development

  • World Day for Cultural Diversity for Dialogue and Development is observed every year on 21 May.
  • Objective – To create a better understanding of the values of culture, tradition and education among people.
  • The World Day for Cultural Diversity for Dialogue and Development was first celebrated in 2002
  • UNESCO leads the celebration of World Day for Cultural Diversity for Dialogue and Development highlighting not only the richness of the world’s cultures, but also the essential role of intercultural dialogue for achieving peace and sustainable development.
  • According to UNESCO data, the cultural and creative sector is one of the most powerful engines of development worldwide.
  • It accounts for more than 48 million jobs globally –almost half of which are held by women – representing 6.2% of all existing employment and 3.1% of global GDP.

21 May – National Anti-Terrorism Day

  • In India, the National Anti-Terrorism Day is observed on May 21 each year to commemorate the date when the former Prime Minister Rajiv Gandhi, the sixth Prime Minister of India, was killed by a suicide bomber from the LTTE (Liberation Tigers of Tamil Eelam) in Sriperumbudur, a village near Madras (now Chennai).
  • Gandhi was sworn in on October 31, 1984 as the Prime Minister of India when he was 40 years old, after the assassination of Indira Gandhi. He became the youngest PM of India.
  • The Anti-Terrorism Day in India was founded by the VP Singh government in the memory of Rajiv Gandhi and was intended to educate the people of India about the adverse impacts of terrorism and violence on society and the country.
  • After Indira Gandhi’s assassination on October 31, 1984, Rajiv Gandhi became India’s PM. His tenure lasted from 1984-89.
  • The official announcement of National Anti-Terrorism Day was made on 21 May 1991.

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