Professional Documents
Culture Documents
The Hindu Review May 2021 1
The Hindu Review May 2021 1
Contents
The Most Important Current Affairs May 2021............................................................................................................. 3
Schemes/Committees ....................................................................................................................................................... 17
Obituaries ........................................................................................................................................................................... 34
Naomi Osaka wins top title at 2021 Laureus Along with Babar, Australian women’s team
World Sports Awards wicketkeeper-batsman Alyssa Healy also bagged the
ICC Women’s Player of The Month accolade for her
World number two tennis player Naomi Osaka of
incredible performances during the month of April.
Japan has been named “Sportswoman of the Year” at
Healy’s consistency with the bat has played a
the 2021 Laureus World Sports Awards. This is Osaka’s
significant role in Australia’s dominance. Healy has
second Laureus Sports Awards. In 2019, she won the
“Breakthrough of the Year” award. shown her class in all conditions and against all types of
bowling in the recent series against New Zealand.
About the Prana, VaU, Svasta and Shwaas: Forbes has unveiled its annual list of the 10 highest-
paid athletes of the year. UFC star Conor McGregor
• Prana is meant to deliver respiratory gas to the
has topped the Forbes list by earning $180 million in
patient by automated compression of an Ambu bag,
the past year beating soccer superstars Lionel Messi
Svasta is designed to work without electric power,
and Cristiano Ronaldo to become the highest-paid
and the VaU is a low-cost ventilator equivalent to athlete in the world. The factors used by Forbes’ for
commercially available high-end ventilators. calculation include all prize money, salaries and
• The VSSC has also developed a portable medical bonuses earned between May 1, 2020, and May 1, 2021.
oxygen concentrator called Shwaas. It is capable of
supplying 10 litres of enriched oxygen per minute, Ranking Index
adequate for two patients at a time.
• It enhances the oxygen gas content by selectively Rank Name Sports Earning
separating the nitrogen gas from ambient air Conor McGregor
1 MMA $180 million
through Pressure Swing Adsorption (PSA) which (Ireland)
is commonly used for the production of oxygen Lionel Messi
from the air. 2 Soccer $130 million
(Argentina)
Cristiano
Andrea Meza crowned 69th Miss Universe 2020 3 Ronaldo Soccer $120 million
(Portugal)
Miss Mexico Andrea Meza has been crowned as the
69th Miss Universe 2020. On the other hand, Miss Dak Prescott
4 Football $107.5 million
(United States)
India’s Adline Quadros Castelino made it to the Top 4.
Brazil’s Julia Gama is the first runner-up, Peru’s Janick Lebron James
5 Basketball $96.5 million
Maceta is the second runner-up while India’s Adline (United States)
Castelino and Dominican Republic’s Kimberly Perez 6 Neymar (Brazil) Soccer $95 million
are third runner-up and fourth runner-up, respectively.
This year, the pageant is being held in Miami, Florida’s Roger Federer
7 Tennis $90 million
Seminole Hard Rock Hotel and Casino Hollywood. (Switzerland)
Zozibini Tunzi of South Africa crowns her successor in Lewis Hamilton
the event. 8 (United Formula 1 $82 million
Kingdom)
Six Heritage Sites added to India’s UNESCO Tom Brady
9 Football $76 million
World Heritage sites Tentative List (United States)
Kevin Durant
The Union Culture Minister Prahlad Singh Patel 10 Basketball $75 million
(United States)
recently announced that around six cultural heritage
sites have been added to the UNESCO World Heritage
Asia’s richest and second richest persons are
Sites. With this, the total number of sites in the
now Indians
UNESCO World Heritage Sites Tentative list has
increased to 48. Billionaire Gautam Adani has edged past Chinese
tycoon Zhong Shanshan to become the second-richest
The following six places have successfully entered the Asian, according to the Bloomberg Billionaire Index.
tentative list of UNESCO World Heritage sites. China’s Zhong was the richest Asian till February when
• Ganga Ghats of Varanasi, he lost the crown to Mukesh Ambani, India’s richest
• Temples of Kancheepuram in Tamil Nadu, person and chairman of Reliance Industries Ltd.
4 www.bankersadda.com | www.sscadda.com | www.careerpower.in | Adda247 App
The Monthly Hindu Review | Current Affairs | May 2021
However, while Ambani lost $175.5 million this year, • The Provision Coverage Ratio (PCR) of banks
Adani’s wealth surged by $32.7 billion to touch $66.5 improved from 66.6% in March 2020 to 75.5 % by
billion, against Zhong’s $63.6 billion. Ambani’s total December 2020, because of prudent provisioning
wealth now stands at $76.5 billion, making him the 13th by banks above regulatory prescriptions on
richest in the world, followed by Adani at 14th. accounts availing moratorium and undergoing
restructuring.
Bloomberg Billionaires Index on May 21, 2021: • The capital to risk-weighted assets ratio (CRAR) of
banks increased to 15.9% by December 2020, in
Rank Name Net Worth Country March it was 14.8%.
1 Jeff Bezos $189B US • In its report, RBI cautioned “banks being lenders
will have to provide a true picture of bad loans after
2 Elon Musk $163B US
Supreme Court lifted the interim stay on
3 Bernard Arnault $162B France classifying non-performing assets (NPA) in March
4 Bill Gates $142B US 2021.
• According to it, waiver of compound interest on all
5 Mark Zuckerberg $119B US
loan accounts opted for a moratorium during
6 Warren Buffet $108B US March-August 2020 would put stress on the
7 Larry Page $106B US financial health of banks.
• The Gross NPA ratio of banks decreased from 8.2%
8 Sergey Brin $102B US
in March 2020 to 6.8% in December 2020.
9 Larry Ellison $91.2B US • The Gross NPA ratio for non-banking financial
10 Steve Ballmer $89.2B US institutions (NBFCs) increased from 6.8% in March
to 5.7% in December 2020.
Francoise Bettercourt
11 $87.2B France • The capital adequacy ratio of NBFCs increased
Meyers
from 24.8% in December 2020 to 23.7% in March.
12 Amancio Ortega $82.4B Spain • Frauds reported by banks fell by 25% in value
13 Mukesh Ambani $76.3B India terms in just one year to Rs 1.38 lakh crore at the
end of fiscal year ended March 2021, data released
14 Gautam Adani $67.6B India
by the RBI as part of it annual report showed.
15 Zhong Shanshan $65.6B China • The Reserve Bank of India on 27th May said
banknotes in circulation witnessed a higher than
About Bloomberg Billionaires Index
the average increase during 2020-21, on account of
The Bloomberg Billionaires Index comprises a daily
precautionary holding of cash by people due to the
ranking of the world’s richest people, based on their net
COVID-19 pandemic, and its prolonged
worth. The figures are updated at the close of every
continuance. Value and volume of banknotes in
trading day in New York.
circulation increased by 16.8% and 7.2%
respectively in 2020-21.
RBI Annual Report 2021: Highlights
Reserve Bank of India (RBI) has published its annual
report and highlights “asset quality of banks and their
preparedness requires close monitoring for higher
provisioning for upcoming quarters". In its annual
report, the central bank said the country's growth
prospects now essentially depend on how fast India can
arrest the second wave of COVID-19 infections.
RBI Annual Report 2021:
• RBI in its semi-annual financial stability report
earlier highlighted bad loan ratio of banks could
rise to 13.5% under the baseline stress scenario by
September 2021.