Current Affairs Daily Digest – May 21 & 22 2021
Current Affairs Daily Digest – May 21 & 22 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. IDBI Bank launches digital loan processing system
IDBI Bank announced the launch of its fully digitized loan processing system, offering over 50 products to MSME and the agriculture sector. The Loan Processing System (LPS) for MSME and Agri products seamlessly integrate with data fintech, bureau validations, document storage, account management and customer notifications among others.
2. Bihar govt launches ‘HIT Covid App’ to ensure regular monitoring
Bihar government has launched ‘HIT Covid App’ to ensure regular monitoring and tracking of those Covid-19 patients, who are in home isolation across the state. HIT stands for home isolation tracks. Chief Minister Nitish Kumar said the app will help the health workers in regular monitoring of home-isolated patients.
3. Sreejesh appointed FIH Athletes’ Committee member
Star India hockey team goalkeeper PR Sreejesh was re-appointed as a member of the International Hockey Federation (FIH) Athletes’ Committee during the virtual meeting of the world body’s Executive Board. He has been a member of the panel since 2017.
The experienced Sreejesh, who has led the Indian team in the past, was one of the four new members appointed by the EB which met two days before the 47th FIH Congress, which will also be held online.
4. RBI to transfer Rs. 99,122 crore surplus to Central Government for FY21
The Reserve Bank of India will transfer Rs 99,122 crore surplus to the Central Government for the accounting period of nine months ended March 31, 2021 (July 2020-March 2021). The Contingency Risk Buffer will remain at 5.50%.
This year RBI has changed its Accounting year from July-June to April-March to coincide with the accounting year of Government.
5. International Day for Biological Diversity: 22 May
The United Nations celebrates International Day for Biological Diversity on 22 May every year to raise awareness about the issue of a significant reduction in biological diversity due to certain human activities.
Biological Diversity comprises a wide variety of plants, animals and microorganisms including genetic differences within each species, for example, between varieties of crops and breeds of livestock.
This year 2021 the theme is “We’re part of the solution”.
6. Hero Group launches ed-tech platform ‘Hero Vired’
The Munjal family-led Hero Group has launched a new education technology startup ‘ Hero Vired’, which will offer an end-to-end learning ecosystem. Through this new edtech venture, Hero Group aims to enter the ed-tech space. The platform will offer learners overall professional development to make them industry-ready for employment.
7. RBI imposes penalty on City Union Bank, 3 other lenders
The RBI has imposed monetary penalty on City Union Bank, Tamilnad Mercantile Bank and two other lenders for contravention of certain directions issued by the central bank.
A penalty of Rs 1 crore has been imposed on City Union Bank Limited for contravention of/non-compliance with certain provisions contained in the RBI (Lending to MSME Sector) Directions, 2017 and the circulars on the Educational Loan Scheme and Credit Flow to Agriculture – Agricultural Loans – Waiver of Margin/Security Requirements.
8. Pinarayi Vijayan takes oath as Kerala Chief Minister for 2nd time
Pinarayi Vijayan was sworn as Kerala Chief Minister for the second time in the shadow of the Covid-19 crisis in the state. The oath ceremony took place with Covid protocols in place at the Central Stadium in Thiruvananthapuram.
Governor Arif Mohammed Khan administered the oath of office to 76-year-old Vijayan. It is the second stint of the Marxist veteran in the top office.
9. Jharkhand ranks first in implementation of Smart City Mission schemes
Jharkhand has clinched the 1st Position among the 36 States & UTs of India based on the progress of implementation of Smart City projects, Rajasthan came second in the rankings. The rankings were released by the Ministry of Housing & Urban Affairs (MoHUA).
At the same time, Jharkhand’s Capital Ranchi has risen to 12th position in terms of progress of the ongoing mission plans in 100 cities.
On the other hand, Delhi is at number 11 in the list of States and Union Territories and Bihar at number 27 and New Delhi Municipal Corporation is at number 41 and Bihar Capital Patna at 68th position in the list of cities.
10. Jharkhand launches ‘Amrit Vahini’ App for online booking of hospital beds
Jharkhand has launched the ‘Amrit Vahini’ App for the online booking of hospital beds. Corona patients in Jharkhand can book hospital beds online through the ‘Amrit Vahini’ App launched by CM Hemant Soren.
‘Amrit Vahini’ App, the state government would be able to provide better facilities for the people infected with the coronavirus.
11. Karnataka ranks first in executing Ayushman Bharat
Karnataka has been ranked first in establishing Health and Wellness Centres under Ayushman Bharat Program to provide comprehensive primary health care in rural areas.
Karnataka is leading in implementing the project for 2020-2021. While the Centre had set a target of establishing 2,263 centres, the State has upgraded 3,300 centres till March 31. With a score of 90 out of 95.
12. Martha Koome becomes Kenya’s first woman chief justice
Martha Karambu Koome is Kenya’s first woman chief justice. She is the first woman to head any of the three branches of government. Koome, 61, a calm but staunch women’s rights crusader, takes over the judiciary ahead of next year’s general elections and would likely play a decisive role in adjudicating any eventual election disputes.
13. World Day for Cultural Diversity for Dialogue and Development
World Day for Cultural Diversity for Dialogue and Development is observed globally on 21 May every year.
The day aims to celebrate the richness of the world’s cultures and highlight the significance of its diversity as an agent of inclusion and positive change for achieving peace and sustainable development.
14. Indian Navy Designs Oxygen Recycling System to mitigate oxygen shortage
The Indian Navy has designed an Oxygen Recycling System (ORS) to mitigate the existing Oxygen shortages.
Indian Navy’s Diving School of the Southern Naval Command has conceptualised and designed the System as they have expertise in this area because the basic concept is used in some of the diving sets used by the school.
15. International Tea Day
Every year, on May 21, the United Nations observes International Tea Day. The resolution to celebrate International Tea Day was adopted in 2019 by the United Nations food and Agriculture Organization.
The International Tea Day is being celebrated since 2005 in major tea producing countries of the world namely Sri Lanka, India, Indonesia, Vietnam, Bangladesh, Nepal, Kenya, Malaysia, Malawi, Uganda and Tanzania. It aims to draw the attention of citizens, governments about the impact of global tea trade.
16. Facebook overtakes Amazon as top holding among US hedge funds: Report
Facebook has overtaken Amazon as the stock most commonly owned as a top-10 holding by hedge funds, according to new Goldman Sachs data.
Among 807 hedge funds assessed by analysts, 27% owned Facebook shares, and 57% of those owned it as a top-10 holding, at the end of first quarter. Meanwhile, Amazon saw the largest slip in hedge fund ownership.
17. Gautam Adani overtakes China’s Zhong Shanshan to become 2nd richest Asian
Adani Group Chairman Gautam Adani has overtaken China’s Zhong Shanshan to become the second richest Asian in the world. He is now ranked at the 14th spot on the Bloomberg Billionaires Index with a net worth of $67.6B, as of May 21, 2021.
Gautam Adani is now ranked behind Asia’s richest person, RIL Chairman Mukesh Ambani who is ranked 13th on the Bloomberg Billionaires Index with a net worth of $76.3B. The Chinese billionaire Zhong Shanshan has been pushed to the 15th spot with a net worth of $65.6B.
