Current Affairs - 5th May 2020
We are here for you to provide the important Recent and Latest Current Affairs 5 May 2020, which have unique updates of Latest Current Affairs 2020 events from
all newspapers such as The Hindu, The Economic Times, PIB, Times of
India, PTI, Indian Express, Business Standard and all Government
official websites.
About NIAB:
About Indian Institute of Geomagnetism (IIG)
NATIONAL AFFAIRS
NMCG & NIUA organized IDEAthon, a webinar; collaborated on urban river management plan
i.The lockdown imposed to contain the spread of
COVID-19 crisis has imposed severe concerns on the economy; meanwhile,
it is showing some positive developments in the natural environment of
India.
ii.IDEAthon, a webinarorganized on a theme “The future of River Management” to formulate River Management strategies for the future by learning lessons for river management from the COVID-19 pandemic lockdown positive impact on rivers.
iii.River Ganga during lockdown is free from the problems of solid wastedumped on its banks by visitors and also effluents from industries and other commercial establishments
ii.IDEAthon, a webinarorganized on a theme “The future of River Management” to formulate River Management strategies for the future by learning lessons for river management from the COVID-19 pandemic lockdown positive impact on rivers.
iii.River Ganga during lockdown is free from the problems of solid wastedumped on its banks by visitors and also effluents from industries and other commercial establishments
India ranked 3rd among countries in scientific publication in 2018; expenditure on R&D tripled: NSTMIS
i.India occupies 3rd rank in terms of number of Doctor
of Philosophy (Ph. D.)’s awarded in Science and Engineering (S&E)
after USA (39,710 in 2016) and China (34,440 in 2015).
ii.The Gross expenditure on R&D (GERD) in the country has nearly tripled from Rs. 39,437.77 crore in 2007- 08 to Rs. 1,13,825.03 crore in 2017-18.
iii.During 2017-18 a total of 47,854 patents were filed in India. Out of which, 15,550 (32%) patents were filed by Indian residents
ii.The Gross expenditure on R&D (GERD) in the country has nearly tripled from Rs. 39,437.77 crore in 2007- 08 to Rs. 1,13,825.03 crore in 2017-18.
iii.During 2017-18 a total of 47,854 patents were filed in India. Out of which, 15,550 (32%) patents were filed by Indian residents
About NSTMIS:
Advisor and Head– Dr. Parveen Arora
Location– New Delhi
Location– New Delhi
BANKING & FINANCE
Reserve bank cancels mumbai’s 105-year-old CKP co-op bank license
The Reserve Bank of India (RBI) has cancelled the license granted to the 105-year-old CKP Co-operative Bank Ltd located in Mumbai (Maharashtra)
to conduct banking business which includes acceptance of deposits and
repayment of deposits as defined in Section 5 (b) read with Section 56
of the Banking Regulation Act, 1949 with immediate effect.
i.The RBI gave 6 specific reasons for cancelling the license of the bank including the bank failed to meet minimum capital requirement of 9%.
ii.In the sequence of cancellation, 99.2 % depositors of the bank will be entitled to deposit up to Rs. 5 lakh from the DICGC
i.The RBI gave 6 specific reasons for cancelling the license of the bank including the bank failed to meet minimum capital requirement of 9%.
ii.In the sequence of cancellation, 99.2 % depositors of the bank will be entitled to deposit up to Rs. 5 lakh from the DICGC
About CKP Co-operative Bank Ltd:
General Manager– Shri Moreshwar Dhaimodkar
ECONOMY & BUSINESS
IIT Hyderabad to collaborate with Hong Kong firm to create venture ecosystem
On May 3, 2020, The Indian Institute of Technology (IIT), Hyderabad,
collaborated with New Frontier Capital Management, a financial firm
based in Hong Kong with offices in Tokyo & Singapore, to establish a
global network of ventures as well as to create a venture ecosystem.
The core objective of this partnership is to promote innovation,
research and incubation
About Telangana:
Capital– Hyderabad.
Chief Minister (CM)– Kalvakuntla Chandrashekar Rao.
Governor– Tamilisai Soundararajan.
Chief Minister (CM)– Kalvakuntla Chandrashekar Rao.
Governor– Tamilisai Soundararajan.
ACQUISITIONS & MERGERS
US private equity firm Silver Lake buys 1.15% stake in Reliance Jio platforms for Rs 5655.75 cr
US based private equity company Silver Lake partners has bought a 1.15% stake in Jio Platforms Limited, a wholly-owned subsidiary of Reliance Industries Limited (RIL) for Rs 5,655.75 crore ($750 million).
About Silver Lake partners:
Headquarters– California, United States
Co-CEO and Managing Partner– Egon Durban
Co-CEO and Managing Partner– Egon Durban
Polycab India acquired 50% stake in Ryker from Singapore-based Trafigura
i.PIL has acquired 2,60,10,000 (i.e. balance 50% equity
shares) of face value of Rs.10/- each held by Trafigura, Singapore
(‘Trafigura’) in Ryker Base. The purchase consideration is likely to be
around US $ 4 Million (Rs 300 million).
ii.Located in Hansapura, Gujarat, Ryker is involved in manufacturing of copper wire rods with a total annual capacity of 225,000 MT and commenced its commercial production in FY20
ii.Located in Hansapura, Gujarat, Ryker is involved in manufacturing of copper wire rods with a total annual capacity of 225,000 MT and commenced its commercial production in FY20
About Polycab:
PIL is the largest manufacturer of Wires and Cables in India and a fast-growing player in the Fast Moving Electrical Goods (FMEG) sector.
Chairman & Managing Director– Inder T. Jaisinghani
Headquarter– Mumbai, Maharshtra
About Trafigura Pte Ltd, Singapore
Executive Chairman and Chief Executive Officer– Jeremy Weir
Headquarter– Singapore
PIL is the largest manufacturer of Wires and Cables in India and a fast-growing player in the Fast Moving Electrical Goods (FMEG) sector.
Chairman & Managing Director– Inder T. Jaisinghani
Headquarter– Mumbai, Maharshtra
About Trafigura Pte Ltd, Singapore
Executive Chairman and Chief Executive Officer– Jeremy Weir
Headquarter– Singapore
SCIENCE & TECHNOLOGY
Russia to launch its 1st satellite ‘Arktika-M’ to monitor Arctic climate & environment
Russia will launch its 1st remote-sensing and emergency communications satellite ‘Arktika-M’
by December 9, 2020 to monitor the Arctic climate and environment. It
will be launched from Baikonur space center (Kazakhstan) using a Soyuz-2.1b carrier rocket with a freegate booster.
About Russia:
Capital– Moscow
Currency– Russian Rouble
President– Vladimir Putin
Prime Minister– Andrey Belousov (acting)
Capital– Moscow
Currency– Russian Rouble
President– Vladimir Putin
Prime Minister– Andrey Belousov (acting)
NIAB develops portable coronavirus detection kit “eCovSens”
About NIAB:
NIAB is an autonomous institute under the department of Biotechnology, Minister of Science and Technology.
Director– Dr.Subeer S. Majumdar
Headquarters– Hyderabad, Telangana
BharatPe launches two apps to limit the need to touch handsets for checking transactions
On 4th May 2020, the BharatPe, a Merchant payment and a leading network
provider launched two voice based applications Paisa Bolega and BharatPe
Balance for the account holders to access transactions and balance
using without touching the phones in the COVID-19 pandemic
About BharatPe:
CEO & Co-Founder– Ashneer Grover
Co-founder & Board Member– ShashvatNakrani
Headquarters– New Delhi
CEO & Co-Founder– Ashneer Grover
Co-founder & Board Member– ShashvatNakrani
Headquarters– New Delhi
Aarogya Setu Mitr launched in private public partnership initiative
On 4th May 2020, AarogyaSetuMitr launched in a new private-public partnership(PPP)
initiative will be available in the AarogayaSetu app offering
consultation regarding COVID-19 from the Tata group, Tech Mahindra and
Swasth, a collaboration of other related entities. This initiative was
facilitated by the offices of the Principal Scientific Advisor to the
Prime Minister and NitiAayog
About Aarogya Setu:
Developed by– National Informatics Centre(NIC)
Launched on– 26th July 2014
Headquarters– New Delhi
Operating system– Android and iOS
Developed by– National Informatics Centre(NIC)
Launched on– 26th July 2014
Headquarters– New Delhi
Operating system– Android and iOS
IIG developed 1D fluid simulation code to study electric field structure in Earth’s Magnetosphere
About Indian Institute of Geomagnetism (IIG)
Establishment– 1971
Location– Mumbai, Maharashtra
Director– Professor D.S Ramesh
SPORTS
FINA postpones 2021 Fukuoka Aquatics World Championships to May 2022
On 4th May,following the postponement of 2020 Tokyo Olympics to 2021 the
governing body of swimming Federation Internationale de Natation(FINA)
has postponed the 2021 aquatics world championships, Fukuoka, Japan to
May 12 to May 29 of 2022 due to the worldwide COVID-19 pandemic
About FINA:
President– Julio C.Maglione
First Vice President– Husain Al Musallam
Second Vice President– Sam Ramsamy
Founded– July 29, 1908
Headquarters– Lausanne, Switzerland
President– Julio C.Maglione
First Vice President– Husain Al Musallam
Second Vice President– Sam Ramsamy
Founded– July 29, 1908
Headquarters– Lausanne, Switzerland
Discus thrower Sandeep Kumari banned for 4 years by WADA after testing positive for metenolone
On May 2, 2020, Discus thrower SandeepKumari, 27 years
old, has been given a 4 year ban by the World Anti-Doping Agency (WADA)
after failing a drug test, despite her sample previously being deemed
clear by the National Dope Test Laboratory (NDTL). Kumari’s results from
June 26, 2018 to November 21, 2018 will now be annulled (invalid) and
her 4 year ban will begin from June 26, 2018- the date of her sample
collection
About WADA:
Headquarters– Montreal, Canada.
President– WitoldBańka.
Headquarters– Montreal, Canada.
President– WitoldBańka.
OBITUARY
Veteran Poet, Padma shri K. S. Nissar Ahmed passed away at 84
On 3rd May 2020, Veteran Poet and Kannada writer Padma
ShriKokkareHosahalliShekhHaiderNissar Ahmed popularly known as K S
Nissar Ahmed passed away in his residence at Bangalore at the age 84 due
to various old age related problems. He was born on 5th February 1936
in Devanahalli.
About Karnataka:
Capital– Bengaluru
Chief Minister– B. S. Yediyurappa
Governor– VajubaiRudabaiVala
Capital– Bengaluru
Chief Minister– B. S. Yediyurappa
Governor– VajubaiRudabaiVala
Judicial Member, Lokpal of India, Justice Ajay Kumar Tripathi passed away at 62
On May 2, 2020, Lokpal member Justice Ajay Kumar Tripathi
passed away at the age of 62 in AIIMS (All India Institutes of Medical
Sciences), New Delhi due to Coronavirus. He was born on November 12,
1957.
About Lokpal:
Headquarters– New Delhi.
Chairperson– Pinaki Chandra Ghose.
Headquarters– New Delhi.
Chairperson– Pinaki Chandra Ghose.
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