Current Affairs Daily Digest – May 20 2021
Current Affairs Daily Digest – May 20 2021. Read and Download daily, monthly Current Affairs Daily Digest 2021 for competitive exams like UPSC, SSC, IBPS, SBI etc,. Download month wise Current affairs 2020 PDF and Current affairs quiz PDF .
1. China successfully launches new ocean observation satellite Haiyang-2D
China has successfully sent a new ocean-monitoring satellite into orbit as part of its effort to build an all-weather and round-the-clock dynamic ocean environment monitoring system that would provide early warning on marine disasters.
The satellite was launched by a Long March-4B rocket carrying the Haiyang-2D (HY-2D) satellite from the Jiuquan Satellite Launch Centre in northwest China.
2. CCI approves sale of YES Bank’s MF subsidiaries to GPL Finance
Competition Commission of India (CCI) has approved the acquisition of YES Asset Management (India) Limited (YES AMC) and YES Trustee Limited (YES Trustee) by GPL. GPL Finance and Investments Limited (GPL) will acquire 100% equity shares of YES AMC and YES Trustee.
3. World Metrology Day observed globally on 20th May
World Metrology Day is observed globally on 20th May every year. Many nations on this day, internationally collaborate to create awareness about metrology and its advancement in the respective field.
The theme for World Metrology Day 2021 is Measurement for Health. This theme was chosen to create awareness of the important role measurement plays in health, and thus in the wellbeing of every one of us.
4. West Bengal government approved setting up of Legislative Council
The West Bengal cabinet, chaired by Chief Minister Mamata Banerjee, has approved the formation of the Legislative Council.
At present, only Andhra Pradesh, Karnataka, Telangana, Maharashtra, Bihar, and Uttar Pradesh have Legislative Council. Previously, West Bengal had a bicameral legislature but it was abolished by the United Front government in 1969.
5. India’s Adani Green to buy SoftBank-backed SB Energy in $3.5 billion deal
Indian renewable energy company, Adani Green Energy Ltd (ADNA.NS) would buy SoftBank Group Corp-backed (9984.T) SB Energy Holdings Limited for an enterprise value of $3.5 billion.
It would buy the 80% stake held by SoftBank Group Capital Limited and the rest owned by Indian conglomerate Bharti Global Limited in a cash deal. The deal would allow Adani Green to achieve its targeted renewable portfolio of 25 gigawatts (GW) four years ahead of its expected timeline.
6. India is the 2nd largest insurance-technology market in Asia-Pacific
India is the second-largest insurance technology market in Asia-Pacific and accounts for 35 per cent of the $3.66 billion insurtech-focused venture capital invested in the region, according to S&P Global Market Intelligence data.
The data showed that at least 335 private insurtechs are operating in Asia-Pacific, with about 122 of them disclosing $3.66 billion in aggregate capital raised via private placement deals.
7. India climbs to 3rd spot on EY index
India has moved a notch higher at the third spot on EY’s Renewable Energy Country Attractiveness Index due to exceptional performance on the solar photovoltaic (PV) front. India has moved one position above (3rd) from the previous index (4th), this is primarily because of the exceptional performance on the solar PV front.
8. World Bee Day observed globally on 20th May
World Bee Day is observed globally on 20th May every year. On this date, 20 May, the pioneer of beekeeping Anton Janša was born in 1734 in Slovenia. The purpose of the bee day is to acknowledge the role of bees and other pollinators in the ecosystem.
The theme of World Bee Day 2021 is “Bee engaged: Build Back Better for Bees”..
9. China-Russia to begin the biggest Nuclear Power Project
China and Russia began the biggest Nuclear Power Project. The Russian President Vladimir Putin and the Chinese President Xi Jing Ping attended the ceremony that began the construction of the project on May 19, 2021.
