Daily Current Affairs May 03 2022

 

CURRENT AFFAIRS: IMPORTANT DAYS

International Labour Day – 1st May

• International Workers Day, also known as Labour Day or May Day, is observed on 1 May every year.
• The global event is organised to celebrate the working class and the labourers.
• It was started in the year 1886 when on 1st May when people in the United States of America started a strike to fix the working duration to a maximum of 8 hours per day.
• Soon, there was a bomb blast that took place on 4th May in Haymarket Square of Chicago in which many people died and many others were severely injured.
• With respect to those who died in the incident, the socialist pan-national organization started on 1st May as International Labour Day which also promoted labour welfare throughout the world.
• In India, the first Labour Day or May Day was celebrated in Madras (now known as Chennai) by the Labour Kisan Party of Hindustan on May 1, 1923.
• It was also the first time when the Red Flag which symbolises Labour Day was used in India for the first time.
• In Hindi, Labour Day is also known as Kamgar Din or Antarrashtriya Shramik Diwas, Kamgar Divas in Marathi and Uzhaipalar Naal in Tamil.

Ayushman Bharat Diwas -30th April:

• Ayushman Bharat Diwas is celebrated every year across India on April 30.
• This day revolves around the Ayushman Bharat Yojna launched in 2018 by Prime Minister Narendera Modi.
• The objectives of the yojana are to reduce out of pocket hospitalization expenses, fulfillment needs and improve access of identified families to quality inpatient care and day care surgeries.
• This day is of national importance to mark the launch of Ayushman Bharat Yojana which is also known as Pradhan Mantri Jan Arogya Yojana (PMJAY).
• It was launched by PM Narendra Modi in the year 2018 to provide various benefits with a cover of 5 lakh rupees per family to be given per year.
• This day is celebrated to make people aware about national health care mission. Ayushman Bharat Diwas is celebrated to achieve twin missions.
• They are to promote health and wellness to the poor and also to provide insurance benefits to them.
• The day is of national importance to mark the launch of Ayushman Bharat Diwas.
• Which was first launched on 14th April 2018 in Bijapur of Chhattisgarh.

World Laughter Day – 1st May

• Every year, the first Sunday in May is observed and celebrated as World Laughter Day.
• This year, World Laughter Day will be observed on 1 May.
• Through its annual observance, the day aims to raise awareness about the importance of laughter in an individual’s life and its many healing benefits.
• The day also aims to manifest world peace and to build up a feeling of friendship and brotherhood through laughter.
• World Laughter Day came into existence on 10 May 1998, when it was celebrated for the first time in Mumbai.
• The day was arranged by Madan Kataria, founder of the Laughter Yoga Movement.

World Tuna Day- 2nd May:

• World Tuna Day is observed every year on 2^nd May to spread awareness among people about Tuna fish.
• The United Nations marked the day to spread awareness about sustainable fishing practices and make people know how Tuna is threatened by overwhelming demand.
• In 2016, the United Nations General Assembly officially finalized 2 May as World Tuna Day in its resolution 71/124.
• The main motto of observing the day is to spread awareness among people about the global situation of the fish and the need of preserving it.
• The UN has also assured us that they have taken certain precautions to prevent stocks of Tuna from crashing.
• The first Tuna Day was recognised globally on 2 May 2017.
• In the past few years, over 96 countries in the world have stepped forward to stop overfishing and safeguard the stocks which carry a value of almost $10 billion.

CURRENT AFFAIRS: NATIONAL NEWS

Education Minister releases Mandate Document’for developing NCF:

• Union Minister for Education Dharmendra Pradhan released the ‘Mandate Document: Guidelines for the Development of the National Curriculum Framework (NCF)’ at an event held at the Indian Institute of Science, Bengaluru.
• The National Education Policy 2020 focuses on the education and skills needed for the youth of 21st century India.
• Transforming education is the vision and soul of the new National Education Policy (NEP) 2020.
• National Curriculum Framework (NCF) is viewed as the Centre of the transformative National Education Policy 2020 that has the capacity to empower and enable outstanding teaching and learning in the country.
• NEP 2020 recommends the development of National Curriculum Frameworks (NCF) in four areas- School Education, Early Childhood Care and Education (ECCE), Teacher Education and Adult Education.
• Mandate document is responsible for the development of the process of the NCF, its structure, objectives and some of the basic principles from the NEP 2020 that will inform the development of the four NCFs.
• Mandate document works as a bridge between the NEP 2020 and the NCF.
• Here is the list of some of the essential characteristics of the National Curriculum Framework, as envisioned in the Mandate Document.

Swachh Bharat Mission-Urban 2.0 launches National Behaviour Change Communication Framework for Garbage Free Cities:

• Swachh Bharat Mission-Urban 2.0, under the aegis of the Ministry of Housing and Urban Affairs, has launched the ‘National Behaviour Change Communication Framework for Garbage Free Cities’ to strengthen the ongoing jan andolan for ‘Garbage Free Cities’.
• Now, under SBM-U 2.0, the newly launched ‘National Behaviour Change Communication Framework for Garbage Free Cities’ shall serve as a guiding document and blueprint for States and Cities to undertake large scale multimedia campaigns along with intensive and focused inter-personal communication campaigns.
• Launched by Shri Manoj Joshi, Secretary, Ministry of Housing and Urban Affairs (MoHUA), Government of India, the framework focuses on intensifying messaging around the key focus areas of source segregation, collection, transportation, and processing of waste, plastic waste management, and remediation of legacy dumpsites to truly transform the urban landscape of India.

CURRENT AFFAIRS : INTERNATIONAL NEWS

Russia Withdraws From UN World Tourism Organization Amid Ukraine War

• The UN World Tourism Organization announced that Russia has decided to withdraw from the United Nations Tourism body.
• On April 27, 2022, The decision to suspend the country from the world tourism organization must be approved by two-thirds of its 159 member states at a two-day general assembly which got underway.

About UNWTO :

• Founded : 1 November 1975
• Headquarters : Madrid, Spain
• Secretary General : Zurab Pololikashvili
• The UNWTO is the United Nations specialized agency entrusted with the promotion of responsible, sustainable and universally accessible tourism.

CURRENT AFFAIRS : MOU & AGREEMENTS

BHEL & GE Power signs MoU for development of Integrated Electric Propulsion System

• Bharat Heavy Electricals Limited (BHEL) and GE Power Conversion signed a Memorandum of Understanding (MoU) for the development of Integrated Electric Propulsion Systems for the Indian Navy.
• The MoU has provided a boost to the indigenous capability in the field of advanced technology for Integrated Full Electric Propulsion System.
• The MoU was signed in the presence of Jeremy Quin MP, UK Minister of Defence Procurement, Alex Ellis, British High Commissioner to India, Anurag Bajpai, Joint Secretary Defence Industrial Promotion, Dr Nalin Shinghal, CMD BHEL, Renuka Gera, Director (IS&P) BHEL, Syreeta Jeffs and Balaji Parthasarathy, Directors of GE Power Conversion, J.P Srivastava, Executive Director (IS) BHEL.
• This collaboration between GE Power Conversion and BHEL characterises the UK’s commitment to partnership with India in support of India’s Aatmanirbhar Bharat.
• GE’s powerful electrical networks and equipment are capable of supporting a ship’s energy requirements, including propulsion, high-power sensors, service loads and pulse power for defence systems.
• GE’s dependable naval technologies are shock rated and proven on naval applications from 3MW to 110MW, and include naval electric motors and generators, switchboards, power converters, power management and automation and control systems.
• GE’s naval centre of excellence teams bring integrated system design expertise, built on deep understanding of naval standards, vessels and lifecycle demands.

About BHEL :

• Founded : 1956
• Headquarters : New Delhi, India
• Chairman & MD : Nalin Shinghal
• It is under the ownership of the Ministry of Heavy Industries, Government of India.
• BHEL is India’s largest power generation equipment manufacturer.

About GE Power Conversion :

• Founded : 10 November 2005
• Headquarters : Paris-Saclay (Villebon-sur-Yvette), Île-de-France, France
• CEO : Philippe Piron
• GE Power Conversion is an electrical engineering company and is a subsidiary of GE Power, part of General Electric.
• It is a world leader in electric propulsion, with equipment installed on the latest platforms of the US Navy and the Royal Navy, including the Queen Elizabeth class of aircraft carriers.

CURRENT AFFAIRS : SCIENCE & TECHNOLOGY

1st Gaganyaan unmanned module to be injected into a 170×408 km orbit

• Indicating the eventual human spaceflight (Gaganyaan) mission profile, ISRO has finalized the first uncrewed mission or G1 which will see the launch vehicle inject the orbital module into a 170 X 408km.
• It was launched by a Human-Rated GSLV-MK-III or the HRLV (Human-Rated Launch Vehicle) for 2023.
• The G1 mission will be followed by G2, the second uncrewed mission, both of which are precursors to the eventual human/crewed mission or H1 as named by ISRO.
• The specification for injection parameters for HRLV during G1 has been revised from 170 X 395 to 170 X 408 kilometre in order to ensure adequate propellant margin in the service module propulsion system.
• Also, the circularisation manoeuvre for moving from an inserted orbit to a more circular orbit is planned in the third orbit apogee (farthest point) instead of the fourth, in order to reduce the residency period of the perigee (closest point) to a lower altitude of 170km.
• ISRO formed a mission interface committee is constituted to review and finalise all the data flow interfaces between participating entities or teams in the ground segment and added that different types of SNAP (separation) scenarios various abort conditions in the overall (including crewed) mission were identified for which different sequences of operations are worked out depending upon the separation scenario.
• The mission sequence documents for the descent phase in G1 will be similar to the TV-D1 the special test vehicle’s (TV) first demonstration (D1) mission which is expected later 2022, ISRO will also launch TV-D2 and G1 and G2 are only scheduled for 2023.

Indian Navy Successfully Test Fires Anti-ship Version Of BrahMos Missile

• The Indian Navy and the Andaman and Nicobar Command jointly test fired an anti-ship version of the BrahMos supersonic cruise missile
• The Andaman and Nicobar Command is the only tri-services command of the Indian armed forces.

About BrahMos Aerospace :

• The BrahMos supersonic cruise missiles can be launched from submarines, ships, aircraft, or land.
• The missile was developed as part of a joint venture between Indian Defence Research and Development Organisation (DRDO) and Russia’s NPO Mashinostroyeniya initiated in 1998.
• BrahMos missile flies at a speed of 2.8 Mach or almost three times the speed of sound
• The range of the advanced version of the missile is learnt to have been extended to around 350 km from the original 290 km.

Recent News :

• In March 2022 the Indian Navy successfully test-fired an advanced version of the Brahmos missile from a stealth destroyer in the Indian Ocean.
• On April 19, 2022, the Indian Air Force (IAF) successfully test-fired the BrahMos missile from a Sukhoi fighter jet on the Eastern seaboard.

CURRENT AFFAIRS : RANKING & INDEX

Chainalysis : Crypto investors’ profit grew by 400 per cent in 2021

• According to the new report by data analytics firm Chainalysis, investors around the world realized total gains of $162.7 billion in 2021, compared to just $32.5 billion in 2020.
• The United States lead by a wide margin at an estimated $47 billion in realized cryptocurrency gains, followed by the UK, Germany, Japan, and China.
• Meanwhile, India ranked a lowly 21st with realized gains of around $1.85 billion.
• The report highlights that Ethereum edged out Bitcoin in total realized gains globally at $76.3 billion to $74.7 billion.
• Japan, for instance, received a much higher share of realized gains from Bitcoin at just under $4.0 billion, compared to just $790 million in realized Ethereum gains.
• The report further reveals that Turkey ranks sixth in realized cryptocurrency gains at $4.6 billion, Vietnam ranks 16th in realized cryptocurrency gains at $2.7 billion, Ukraine ranks 13th in crypto gains at $2.8 billion,  the Czech Republic ranks 19th at $1.9 billion, and Venezuela ranks 33rd in realized cryptocurrency gains at $1.1 billion.
• In 2021, China witnessed a growth of 194 per cent in comparison to 2020.
• For instance, the United States estimated realized cryptocurrency gains grow 476 per cent, up from $8.1 billion to $47.0 billion.
• The UK witnessed a 431 per cent increase, and Germany’s gains grew by 423 per cent.

About Chainalysis :

• Founded : 2014
• Headquarters : New York, US
• CEO : Michael Gronager

CURRENT AFFAIRS : REPORTS

Global Assessment Report on Disaster Risk Reduction 2022 (GAR2022)

• The UN Office for Disaster Risk Reduction (UNDRR) released the Global Assessment Report on Disaster Risk Reduction 2022 ahead of the Global Platform for Disaster Risk Reduction in May 2022, which has warned that the world will face around 560 disasters every year by 2030.
• The Global Assessment Report on Disaster Risk Reduction 2022 (GAR 2022) builds on the analysis of United Nations-mandated SDG (Sustainable Development Goals) data on increased gender based violence in disasters.
• The document cited various studies to establish that increases in gender-based violence during disaster displacement and slow-onset disasters was a key concern at the global level, in regions such as Asia and the Pacific, as well as in various countries such as wildfires in Australia, cyclones in Bangladesh, and floods and hurricanes in the United States.
• Disasters also fuel human trafficking, which has a strong gender dimension.
• An analysis of available SDG data demonstrates a strong relationship between disaster affectedness and the number of detected female victims of human trafficking in all regions except north Africa, west Asia and Oceania.
• In India, in the coastal states of West Bengal and Odisha, which are seeing a rapid increase in floods and cyclones brought on by the impacts of climate change, there are increasing instances of displacement and migration, making people more vulnerable to trafficking.
• Moreover, the report also highlighted a ‘shadow pandemic’ of gender-based violence globally during the COVID-19 pandemic.
• Meanwhile, the report also emphasised on women playing a crucial role in scaling up disaster preparedness, bringing a wealth of knowledge, capacities and needs-based approaches to decision-making.

About UNDRR :

• Founded : 22 December 1999
• Headquarters: Geneva, Switzerland
• Head : Mami Mizutori
• Purpose : To ensure the implementation of the International Strategy for Disaster Reduction (General Assembly (GA) resolution 54/219^[1]).

CURRENT AFFAIRS: BUSINESS NEWS

GST revenue collection hits record Rs 1.68 lakh crore in April:

• The Gross Goods and Services Tax, GST revenue collection has touched an all-time high of around 1.68 lakh crore rupees in April 2022.
• The total GST collection in April was one lakh 67 thousand 540 crore rupees.
• The GST collection in April this year is 25 thousand crore rupees more than the next highest collection of one lakh 42 thousand 95 crore rupees which was in March 2022.
• Of the total GST collection in April this year, Central Goods and Services Tax, CGST collection is 33 thousand 159 crore rupees, State Goods and Services Tax, SGST is 41 thousand 793 crore rupees, Integrated Goods and Services Tax, IGST is 81 thousand 939 crore and cess are 10 thousand 649 crore rupees.
• The Finance Ministry mentioned that for the first time Gross GST collection has crossed 1.5 lakh crore rupees mark.
• The total number of e-way bills generated in the month of March 2022 was 7.7 crore, which is 13 percent higher than 6.8 crore e-way bills generated in the month of February 2022, which reflects the recovery of business activity at a faster pace.

CURRENT AFFAIRS: ACQUISITION AND MERGERS

Airtel acquires 7 per cent stake in Cnergee Technologies:

• Telecom operator Bharti Airtel has acquired around 7 per cent stake in cloud-based networking solutions provider Cnergee Technologies under the Airtel Startup Accelerator Program.
• The stake acquisition will enable Airtel to sharpen its NaaS proposition for Small and Medium Businesses (SMBs), who are looking to accelerate their shift to cloud-based applications.
• Navi Mumbai-based Cnergee specializes in integrated networking solutions over the cloud for businesses of all sizes.
• Airtel has bought the stake at a mutually agreed pre-money enterprise valuation but did not disclose the valuation due to reasons of confidentiality.
• Cnergee has developed a range of 5G ready software tools for Network-as-a-Service (NaaS) that can be deployed at scale to enable zero-touch service provisioning, central remote monitoring, and management of all connected devices with a host of real-time analytics.

CURRENT AFFAIRS: SPORTS NEWS

PV Sindhu won bronze at Asian Badminton Championships:

• Indian badminton ace PV Sindhu settled for the bronze medal after losing to reigning world champion Akane Yamaguchi of Japan in the Badminton Asia Championships 2022 women’s singles semi-final in Manila, the Philippines
• PV Sindhu, a former world champion, went down to world No. 2 shuttler 21-13, 19-21, 21-16 in one hour and six minutes for her second bronze medal at the continental event.
• PV Sindhu’s first Asian championships medal came in 2014 when she lost to former world 1 Wang Shixian of China in the semis.
• This was PV Sindhu’s ninth loss against her higher-ranked opponent in 22 meetings.
• The Indian ace, who is a two-time Olympic medallist, had defeated Yamaguchi at last year’s BWF World Tour Finals and the Tokyo Olympics quarter-finals.

CURRENT AFFAIRS: OBITUARIES

Film and TV actor Salim Ghouse passes away:

• Veteran stage, television and film actor Salim Ghouse – who featured in several Bollywood and south Indian movies such as ‘Bharat Ek Khoj’, ‘Wagle Ki Duniya’, ‘Yeh Jo Hai Zindagi’ and ‘Subah’ — passed away following a cardiac arrest in Mumbai.
• He was 70.
• Later, he played notable roles in several award-winning films such as ‘Chakra’ (1981), ‘Saaraansh’ (1984) and ‘Mohan Joshi Hazir Ho!’ (1984).
• He was seen with Shah Rukh Khan in ‘Koyla’, besides playing prominent roles in films like ‘Mujrim’, ‘Shapath’, Kamal Haasan’s ‘Vettri Vizhaa’, Mohanlal’s ‘Thazvaram’, and ‘Well Done Abba’.
• He was last seen in the Tamil film ‘Kaa’ (2022).

Daily CA on May 03:

• International Workers Day, also known as Labour Day or May Day, is observed on 1 May every year.
• Ayushman Bharat Diwas is celebrated every year across India on April 30.
• Every year, the first Sunday in May is observed and celebrated as World Laughter Day.
• World Tuna Day is observed every year on 2^nd May to spread awareness among people about Tuna fish.
• Union Minister for Education Dharmendra Pradhan released the ‘Mandate Document: Guidelines for the Development of the National Curriculum Framework (NCF)’ at an event held at the Indian Institute of Science, Bengaluru.
• Swachh Bharat Mission-Urban 2.0, under the aegis of the Ministry of Housing and Urban Affairs, has launched the ‘National Behaviour Change Communication Framework for Garbage Free Cities’ to strengthen the ongoing jan andolan for ‘Garbage Free Cities’.
• The UN World Tourism Organization announced that Russia has decided to withdraw from the United Nations Tourism body.
• The Gross Goods and Services Tax, GST revenue collection has touched an all-time high of around 68 lakh crore rupees in April 2022.
• Bharat Heavy Electricals Limited (BHEL) and GE Power Conversion signed a Memorandum of Understanding (MoU) for the development of Integrated Electric Propulsion Systems for the Indian Navy.
• Indicating the eventual human spaceflight (Gaganyaan) mission profile, ISRO has finalized the first uncrewed mission or G1 which will see the launch vehicle inject the orbital module into a 170 X 408km & It was launched by a Human-Rated GSLV-MK-III or the HRLV (Human-Rated Launch Vehicle) for 2023.
• The Indian Navy and the Andaman and Nicobar Command jointly test fired an anti-ship version of the BrahMos supersonic cruise missile
• According to the new report by data analytics firm Chainalysis, investors around the world realized total gains of $162.7 billion in 2021, compared to just $32.5 billion in 2020 & the United States lead by a wide margin at an estimated $47 billion in realized cryptocurrency gains, followed by the UK, Germany, Japan, and China, Meanwhile, India ranked a lowly 21st with realized gains of around $1.85 billion.
• The UN Office for Disaster Risk Reduction (UNDRR) released the Global Assessment Report on Disaster Risk Reduction 2022 ahead of the Global Platform for Disaster Risk Reduction in May 2022, which has warned that the world will face around 560 disasters every year by 2030.
• Telecom operator Bharti Airtel has acquired around a 7 per cent stake in cloud-based networking solutions provider Cnergee Technologies under the Airtel Startup Accelerator Program.
• Indian badminton ace PV Sindhu settled for the bronze medal after losing to reigning world champion Akane Yamaguchi of Japan in the Badminton Asia Championships 2022 women’s singles semi-final in Manila, the Philippines
• Veteran stage, television and film actor Salim Ghouse – who featured in several Bollywood and south Indian movies such as ‘Bharat Ek Khoj’, ‘Wagle Ki Duniya’, ‘Yeh Jo Hai Zindagi’ and ‘Subah’ — passed away following a cardiac arrest in Mumbai.