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Current Affairs Daily Digest – May 15 2024

1. Shyam Nikhil becomes India’s 85th GrandMaster

One single norm separated Shyam Nikhil from becoming India’s 28th grandmaster in 2012.

Shyam, 31, from Tamil Nadu become India’s 85th grandmaster with that third norm.

The Tamil Nadu chess player became an IM aged 18 in 2010.

GMs: 84th (R Vaishali), 83rd (Aditya Samant), and 82nd (Praneeth Vuppala

2. Dileep Sanghani elected as the Chairman of IFFCO

Indian Farmers Fertiliser Cooperative (IFFCO) elected Shri Dileep Sanghani as its 17th Chairman.

His previous position was IFFCO Vice Chairman.

Agriculture, cooperation Animal Husbandry, Fisheries, Cow-Breeding, Prison, Excise Law & Justice, and Legislative & Parliamentary Affairs were his Gujrat cabinet portfolios.

3. SBI becomes the first bank as trading, clearing member of IIBX

The India International Bullion Exchange (IIBX) in GIFT City now has its first trading-cum-clearing member.

This makes State Bank of India’s IFSC Banking business better at trading bullion.

RBI lets IBUs bring in gold as special category clients (SCCs). This is done to increase the trade of gold and silver on the IIBX platform.

4. International Families Day: 15th May

The Economic and Social Council and the Commission for Social Development told the UN in 1983 that family problems should be a top priority.

The UN saw that changing social and economic systems were having an effect on families around the world.

So, on May 15, 1993, it was officially named the International Day of Families.

5. Sela Tunnel in Arunachal Pradesh recognised as India’s highest tunnel

The Economic and Social Council and the Commission for Social Development told the UN in 1983 that family problems should be a top priority.

The UN saw that changing social and economic systems were having an effect on families around the world.

So, on May 15, 1993, it was officially named the International Day of Families.

6. Mahindra & Mahindra Sign MoU with MSDE for ‘Drone Didi’ Pilot Project

The Ministry of Skill Development and Entrepreneurship (MSDE) has signed an MoU with Mahindra & Mahindra Ltd to run two Pilot Projects under the Drone Didi Yojana.

This is a big step toward giving women more power in new technology fields. Secretary Shri Atul Kumar Tiwari and Group CEO & MD of Mahindra Group Dr. Anish Shah were both at the event.

It was a big step toward working together to help women in agriculture find new ways to make a living using drone technology.

Didi’s Drone Mission

The Drone Didi Yojana, which started earlier this year, wants to teach 15,000 women how to use drones for farming tasks like planting seeds, watering crops, and keeping an eye on their growth.

The program aims to give women more power by teaching them new technology skills. This will allow them to join the job and help the country’s social and economic growth.

7. Chandrakant Satija Honoured with Global Excellence Award 2024

The Global Excellence Award 2024 was given to Chandrakant Satija, the founder and CEO of Chandra Admission Consultants and a well-known educationist, at an event held at the Sahara Star Hotel in Mumbai on May 12.

Shilpa Shetty Kundra, a famous Bollywood actor, gave Satija the award because she is the most trusted admissions consultant in the Vidarbha region.

A Pro at Helping Students Find Jobs

Chandrakant Satija has worked in education for more than 21 years and is committed to giving students a good education, career advice, and help with getting into college.

Parents not only in Vidarbha but also in the nearby towns of Chhattisgarh and Madhya Pradesh trust him because he is always dedicated.

8. RBI Approves Quant MF to Raise Stake in RBL Bank

Reserve Bank of India (RBI) has given Quant Mutual Fund (MF) permission to raise its share in RBL Bank to 9.98% by May 12, 2025.

In a regulatory filing, this permission was made public, along with some conditions and rules set by the Banking Regulation Act, 1949.

Details of Approval

Quant MF currently owns 4.68% of RBL Bank’s stock share capital through its different schemes.

With the RBI’s OK, Quant Money Managers Ltd can buy up to 9.98% of the paid-up share capital or voting rights in RBL Bank, which is called a “aggregate holding.”