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Current Affairs Daily Digest – May 20 2024

1. First black Astronaut candidate “Ed Dwight” in space at age of 90.

Ed Dwight, the first African-American to be considered for a position in the United States’ astronaut corps, made his first trip to space aboard a Blue Origin rocket sixty years after he was initially considered for the position.

While on a historic journey that marked a crucial event in both space and racial history, Dwight, who was 90 years old at the time, experienced weightlessness alongside five other people.

2. Bank of Maharashtra Tops Among PSU Banks in Business Growth in FY24

It is now clear that the Bank of Maharashtra is the best-performing public sector bank, with huge increases in both business and deposits.

It did better than rivals like State Bank of India, with a 15.94% rise in total business and a 15.66% rise in deposits.

The bank is a strong and effective player in the banking sector thanks to its focus on low-cost CASA savings, strong loan growth, and high-quality assets.

How the Bank of Maharashtra’s business has grown

In a world where growth seems hard to find, Bank of Maharashtra’s success in total business growth stands out.

The growth rate for BoM was 15.94%, which was higher than the growth rate for the huge State Bank of India (SBI), which was 13.12%.

Significant differences exist between the two companies, with SBI’s total business being about 16.7 times that of BoM, at Rs 79,52,784 crore versus Rs 4,74,411 crore.

3. World’s First 6G Device Launched in Japan

In a world where speed and connectivity are very important, the race to make wireless technology better has hit a new level.

A Japanese group has shown off the prototype of what they say is the world’s first high-speed 6G device, which will allow data to be sent at lightning-fast speeds.

This revolutionary new idea opens the door to a world of opportunities that no one could have imagined before.

Getting Past Speed Limits

According to rumours, the so-called 6G device can send data at an amazing 100 gigabits per second (Gbps), which is 20 times faster than current 5G technology.

This sample uses the 100 gigahertz (GHz) frequency inside and the 300 GHz band outside, showing the possibility of connecting at speeds that have never been seen before.

4. Venezuela Becomes First Country to Lose All Glaciers

Venezuela recently reached a sad environmental milestone that shows how bad the climate disaster really is.

With the Humboldt glacier’s renaming as an ice field earlier this month, the country is likely the first in modern history to have lost all of its glaciers.

This event is a stark reminder that climate change is not a far-off threat, but a problem that needs to be dealt with right away.

Glaciers in Venezuela Are Melting Away

In the Andes mountains, about 5,000 meters above sea level, there used to be six glaciers in Venezuela. By 2011, five of them had disappeared.

Scientists thought at first that the Humboldt glacier would last for another ten years, but it has been melting so quickly that they were wrong.

With an area of less than 2 hectares, the Humboldt has gone from being a glacier to an ice field, which shows how quickly glaciers are melting.

5. Mukesh Ambani and Gautam Adani Secure Positions Among the World’s Top 15 Super Rich

The Bloomberg Billionaires Index makes the top 15 list of the world’s richest people.

Mukesh Ambani and Gautam Adani are among them. That’s a big accomplishment, especially for Gautam Adani, who got his job back after losing it in 2023 because of short selling in his company’s stock.

For the first time ever, every person in the top 15 has a net worth of $100 billion or more.

How Rich and Famous Mukesh Ambani Is

The 12th richest person in the world is Mukesh Ambani, Chairman and Managing Director of Reliance Industries Limited (RIL).

He is worth $110 billion. Ambani is one of the richest people in the world because RIL works in many fields, such as petrochemicals, oil and gas, internet, retail, and financial services.

Gautam Adani’s Return

Ganesh Adani comes in at number 14 with $100 billion. Adani Group does business in a lot of different areas, such as ports, airports, power production and transmission, green energy, edible oils, cement, real estate, and more.

After having a rough year in 2023 because of claims from Hindenburg Research and a sharp drop in the stock prices of his companies, Adani’s luck improved.

His name was cleared by the Supreme Court and the Securities and Exchange Board of India (SEBI). This caused share prices to rise again, thanks to foreign investment.

One of the first women to reach $100 billion

Bettencourt Meyers, who owns the well-known L’Oréal company, is the first woman to have a net worth of $100 billion.

Due to L’Oréal’s share price having its best year since 1998, she became worth $101 billion, ranking 14th on the list. This important success shows that there are now enough women among the world’s richest people.

6. RBI Approves Appointment of Pradeep Natarajan as IDFC FIRST Bank’s Whole Time Director

The Reserve Bank of India (RBI) has approved Pradeep Natarajan’s position as a Full-Time Director on the Board of IDFC FIRST Bank.

This is a big step forward for the private sector lender. It was approved for three years, which shows that the bank is serious about making its top team stronger.

Confirmation of Appointment

In a regulatory filing on May 16, IDFC FIRST Bank made it public that the RBI had given its approval and that Pradeep Natarajan would be taking over as Executive Director of the bank.

According to Natarajan, his position shows how knowledgeable and experienced he is and how he could help the bank grow.

7. Ronaldo Tops Forbes’ List of Highest-Paid Athletes Again

Forbes has named Cristiano Ronaldo the highest-paid player in the world, even though he is nearing the end of his career.

He is in this position for the fourth time because of the good money he made in Saudi Arabia.

Ronaldo’s All-Time Highest Pay

Forbes says that Ronaldo has made an amazing $260 million in the last year.

This amount includes $200 million from his deal with the Saudi club Al-Nassr and an extra $60 million from things he does outside of football.

The 39-year-old’s huge financial success is unmatched by his peers and shows how marketable and skilled he is.

Saudi Arabia’s Role in Sports Growing

In January 2023, Ronaldo moved to Al-Nassr. This was a big change for both his career and Saudi Arabian sports.

The Saudi Pro League has become more well-known because of him, and Al-Nassr finished second this season.

Ronaldo is one of four soccer players from Saudi Arabia in the top 50 highest-paid athletes. This shows that Saudi Arabia is becoming a bigger player in global sports.

8. World Bee Day 2024 – May 20

Anton Janša was one of the first people to keep bees, and May 20 is World Bee Day, which honours his birthday.

This day was created by the UN in 2017 to honour the important role bees play in protecting food security, biodiversity, and healthy farming.

The theme for 2024, “Bee engaged with Youth,” stresses how important it is to get young people involved in efforts to protect bees, which are important pollinators.

When is World Bee Day 2024?

The 2024 World Bee Day is on May 20, 2024.

The goal of this yearly event is to bring more attention to the important role that bees and other pollinators play in keeping our world healthy, making sure we have enough food, and promoting biodiversity and sustainable farming.

The theme for World Bee Day 2024 is “Bee engaged with Youth.”

9. SBI General Unveils ‘Surety Bond Bima’ for Infrastructure Projects

To help build infrastructure, SBI General Insurance, the non-life insurance part of State Bank of India (SBI), has launched “Surety Bond Bima” as a way to provide security for infrastructure projects.

Why and How It Works

This product was made to help the government improve infrastructure. It protects against breaches by workers during both the bidding and performance stages of a project.

It protects both the worker and the principal (the person who gives the contract) from possible risks.