Daily Current Affairs PDF

This is Paid PDF provided by AffairsCloud.com, Our team is working

hard in back end to provide quality PDF. If you not buy this paid PDF
subscription plan, we kindly request you to buy pdf to avail this service.
Help Us to Grow & Provide Quality Service

AffairsCloud launched a new long awaited mobile app.

App name: “CareersCloud”
All Current Affairs content, quizzes and pdfs will be available in the above-
mentioned app in Google Play store.
We are Hiring
1. Content Developers in Pondicherry (Full Time - Inhouse) - Freshers/Experienced
2. Subject Matter Expert - Freelancer (Work From Home) - Freshers/Experienced
3. Current Affairs Video Creator - Freelancer (Work From Home) – Experienced

Click Here to Apply

Click here to Download the CareersCloud APP

Suggestions & Feedback are welcomed

Support@affairscloud.com

Report Errors in the PDF - ebooks@affairscloud.com Copyright 2014-2022 @ AffairsCloud.com 1

 Daily Current Affairs PDF

Report Errors in the PDF - ebooks@affairscloud.com Copyright 2014-2022 @ AffairsCloud.com 2

 Daily Current Affairs PDF

AFFAIRSCLOUD TODAY
Current Affairs 2 June 2022 : Headlines

1. Government Of India Hikes Premium Rates for Flagship Insurance Schemes PMJJBY & PMSBY For
the First Time In 7 Years
2. Ministry Of Defence & Bharat Dynamics Limited Signs Defence Contract for Supply of ASTRA MK-
I BVR AAM
3. PM Narendra Modi inaugurates World’s 1st Nano Urea plant by IFFCO at Kalol, Gujarat
4. India’s First Lavender Festival inaugurated in Bhaderwah, J&K
5. WDMMA’s Global Air Powers Ranking (2022): India ranked 6th Globally & 3rd among Air Force
6. Central African Republic becomes 2nd country to adopt Bitcoin as legal tender
7. Overview of 75th Cannes film Festival at Cannes, France
8. Ex-SBI Executive Natarajan Sundar Appointed NARCL MD & CEO; Karnam Sekar,Malvika Sinha
also Joined in NARCL
9. Sachin Tendulkar to continue as UNICEF’s Goodwill Ambassador for a record 20th Year
10. CCI Approves Acquisition Of Shareholding In Hitachi Construction Machinery Co., Ltd.
11. 59th edition of Top500 : Frontier of US Overtakes Japan’s Fugaku to Become the World’s Fastest
Supercomputer
12. Indian Navy commissioned ALH MK III Squadron INAS 325
13. FIH World Ranking 2022; Indian Women hockey team ranked 6th; Men’s Team Ranked 4th
14. Para Canoeist Prachi Yadav wins Bronze at 2022 ICF Paracanoe World Cup; Becomes 1st Indian
to win World Cup Medal
15. International Week of Solidarity with the People of Non-Self-Governing Territories 2022 – 25th
to 31st May
16. Global Day of Parents 2022 – June 1
17. World Milk Day 2022 – June 1
18. TN Government Signs MoU with IPPB For Pensioners’ Digital Life Certificate
19. Delhi Customs Inaugurates Project ‘NIGAH’ at ICD Garhi Harsaru, Gurugram, Haryana
20. Rajasthan Approves New Guidelines for Indira Gandhi Shahari Rozgar Yojana Implementation

Report Errors in the PDF - ebooks@affairscloud.com Copyright 2014-2022 @ AffairsCloud.com 3

 Daily Current Affairs PDF

NATIONAL AFFAIRS
Government Of India Hikes Premium Rates for Flagship Insurance Schemes PMJJBY & PMSBY
For the First Time In 7 Years
The Government of India (GoI) has hiked the insurance premium rates for the Pradhan Mantri Jeevan Jyoti
Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY) to make them economically
viable.

• The revision in premium rates is the first in seven years since the schemes’ commencement in 2015. The
revised premium rates will be effective from June 1, 2022.
The premium rates for both schemes have been revised by making it Rs 1.25 per day, that includes revising
PMJJBY from Rs. 330 per annum to Rs. 436 per annum and PMSBY from Rs. 12 per annum to Rs. 20 per annum.
• In percentage terms, PMJJBY’s premium has increased by 32%, while PMSBY’s premium has increased by
67%.
Reason For the Hike in Premium Rates:
i.The premium amount (Rs. 12 per annum for PMSBY and Rs. 330 per annum for PMJJBY) was subject to an
annual review based on claims experience when the schemes were first launched in 2015.
• Despite recurring losses to the insurers, no premium rate revisions have been made in the last seven
years since the schemes were launched.
ii.The Insurance Regulatory and Development Authority (IRDAI) reported that, while the claims ratio
(percentage of amount of claims paid to premium received) for PMJJBY and PMSBY is 145.24% and 221.61%,
respectively, the combined ratio (sum of claims ratio and expense ratios) for PMJJBY and PMSBY is 163.98%
and 254.71%, respectively, for the period up to March 31, 2022.
Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
i.The Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is a renewable one-year life insurance scheme that
provides death coverage.
• It offers Rs 2 lakh in life insurance coverage to anyone aged 18 years to 50 years who have a bank or post
office account and agree to enrol or enable auto-debit of premiums. The scheme is being offered by Life
Insurance Corporation (LIC).
ii.PMJJBY’s premium rate has been revised to Rs 1.25 each day, bringing the annual premium amount from Rs
330 to Rs 436.
Pradhan Mantri Suraksha Bima Yojana (PMSBY)
i.The Pradhan Mantri Suraksha Bima Yojana (PMSBY) is a one-year renewable personal accident insurance
policy that covers death or disability caused by an accident. The insurance coverage period runs from June 1 to
May 31.
• It offers Rs 2 lakh in insurance coverage for accidental death or total permanent disability and Rs 1 lakh in
insurance coverage for partial permanent disability to anyone aged 18 years to 70 years who have a bank
or post office account and agree to join or enable auto-debit of premiums

Report Errors in the PDF - ebooks@affairscloud.com Copyright 2014-2022 @ AffairsCloud.com 4

 Daily Current Affairs PDF

ii.PMSBY’s annual premium has been increased from Rs 12 to Rs 20.

NOTE:
• The transmission of benefits through these schemes was extensively monitored throughout the COVID-19
epidemic, and a range of initiatives were implemented to simplify procedures and expedite claims.
• It featured bank outreach programmes and messages to beneficiaries of those who died during the COVID-
19 pandemic, as well as the simplification of claim forms and proofs of death.
Key Statistics on PMJJBY and PMSBY:
i.As of March 31, 2022, there were 6.4 crore and 22 crore active members enrolled in PMJJBY and PMSBY,
respectively.
ii.As of 31.3.2022, the implementing insurers had collected Rs 1,134 crore in premiums and had paid Rs 2,513
crore in claims under the PMSBY.
• Also, the implementing insurers had collected Rs. 9,737 crores in premiums and had paid Rs. 14,144
crores in claims under PMJJBY as of 31.3.2022.
iii. Both schemes employed the Direct Benefit Transfer (DBT) channel to deposit claims into recipients’ bank
accounts.
Envisioned Outcome:
i.Revised rate would attract other private insurers to join in the scheme’s implementation.
• It will increase the scheme’s saturation among eligible target populations, particularly those who are
underserved or unserved.
ii.The hike in premium rates will help India become a fully insured society.
• In the next five years, a target has been established to increase coverage from 6.4 crore to 15 crore under
PMJJBY and from 22 crore to 37 crore under PMSBY.
About Ministry of Finance (MoF):
Union Minister: Nirmala Sitharaman (Rajya Sabha – Karnataka)
Minister of State (MoS): Pankaj Chaudhary (Maharajganj Constituency, Uttar Pradesh); Dr. Bhagwat Kishanrao
Karad (Rajya sabha Maharashtra).

Ministry Of Defence & Bharat Dynamics Limited Signs Defence Contract for Supply of ASTRA
MK-I BVR AAM
The Ministry of Defence (MoD) has inked a contract with Hyderabad-based public-sector Bharat Dynamics
Limited (BDL) for the supply of ASTRA MARK (MK)-I Beyond Visual Range (BVR) Air-to-Air Missile
(AAM) and related equipment to the Indian Air Force (IAF) and Indian Navy.

• The contract was signed under the Buy (Indian-Indian Designed, Developed, and Manufactured (IDDM))
category and is worth Rs. 2,971 crores.
The project represents the spirit of ‘Aatmanirbhar Bharat,’ and will accelerate India’s transition towards self-
sufficiency in Air-to-Air Missile (AAM).
The Defence Contract:
i.The purchase under the ‘Buy (Indian-IDDM)’ category refers to the purchase of products from an Indian

Report Errors in the PDF - ebooks@affairscloud.com Copyright 2014-2022 @ AffairsCloud.com 5

 Daily Current Affairs PDF

vendor that have been indigenously designed, developed, and produced with a minimum of 50% Indigenous
Content (IC) on a cost basis of the overall contract value.
ii.The technology to produce missiles of this class indigenously was not available until recently, but the ASTRA
MK-I BVR AAM was designed and developed indigenously by the MoD’s Defence Research and Development
Organisation (DRDO).
• The technology transfer from DRDO to BDL for the production of the ASTRA MK-I missile and all
associated systems has been completed, and production at BDL is currently in progress
• The ASTRA MK-I missile and all associated systems for launch, ground handling, and testing were
developed by DRDO in collaboration with the IAF.
iii. The project will provide opportunities in aerospace technology for at least 25 years for various Micro, Small,
and Medium Enterprises (MSMEs).
Strategic Significance:
i.The ASTRA MK-I BVR AAM missile was developed in response to IAF requirements for BVR as well as close-
combat engagement, reducing dependence on foreign sources
• Own fighter aircraft can neutralise adversary aircrafts without exposing themselves to adversary air
defence measures using stand-off ranges provided by AAMs with BVR capabilities.
ii.This missile outperforms several foreign missile systems in terms of technology and cost.
• It has a top speed of more than four times the speed of sound and a maximum altitude of 20 kilometres
(km), making it extremely flexible for air combat. It can combat enemy fighter aircraft at ranges of up to
75 km.
iii. The missile has been successfully trial tested by the IAF and is fully integrated into the Sukhoi 30 MK-I. It
will be integrated with other fighter aircraft, such as the Light Combat Aircraft (LCA) Tejas in a phased manner.
iv.The missile will be integrated into the Indian Navy’s MiG-29K fighter aircraft, which are stationed aboard the
Navy’s aircraft carriers, enhancing the carriers’ lethality.
NOTE:
• Only a few missile manufacturers in the United States, Russia, Europe, and China have mastered the
technologies used in BVR AAMs. India has now become a member of this exclusive club.
• A longer-range Astra Mark II is in the pipeline, capable of shooting down enemy fighters from a range of
up to 100 km.
About Ministry of Defence (MoD):
Union Minister – Raj Nath Singh (Lucknow Constituency, Uttar Pradesh)
Minister of State (MoS) – Ajay Bhatt (Nainital-Udhamsingh Nagar Constituency, Uttarakhand)

PM Narendra Modi inaugurates World’s 1st Nano Urea plant by IFFCO at Kalol, Gujarat
The Prime Minister (PM) of India Narendra Modi inaugurated the world’s first nano urea liquid plant by Indian
Farmers Fertiliser Cooperative Limited (IFFCO) at Kalol, Gujarat. This facility was dedicated to the nation
during a ceremony held at the Mahatma Mandir, Gandhinagar in Gujarat.

• With this inauguration, India has become the first country globally to start commercial production of
Nano Urea.

Report Errors in the PDF - ebooks@affairscloud.com Copyright 2014-2022 @ AffairsCloud.com 6

 Daily Current Affairs PDF

• Set up with an investment of Rs 175 crore, the plant will produce approximately 1.5 lakh 500 ml bottles
of nano urea per day, and eight more such plants will be established in India in the coming days.
• Nano urea is essentially urea in the form of a nanoparticle.
Key Points:
i.IFFCO has set up additional manufacturing facilities for the production of nano fertilisers at its Aonla, Phulpur,
Kalol (Expansion), Bengaluru, Paradeep, Kandla, Deoghar and Guwahati units for production of nano urea, nano
DAP (Diammonium phosphate) and nano micronutrients at different locations.
ii.These units have a design production capacity of two lakh bottles per day with a total investment Rs 3,000
crore of which Rs 720 crore is already allocated.
iii.In 2021, IFFCO introduced the world’s first IFFCO nano urea (liquid) and was included in Fertiliser Control
Order (FCO, 1985).
• 3.60 crore of bottles of IFFCO nano urea liquid had been produced out of which 2.50 crore had already
been sold.
iv.IFFCO nano urea (liquid) was indigenously developed through the proprietary technology at IFFCO’s Nano
Biotechnology Research Centre (NBRC) in Kalol.
Note – India is the second largest consumer of urea across the world where China stands first. India is the third
largest producer of urea.
Other Participants:
Chief Minister (CM) of Gujarat Bhupendrabhai Patel; Union Ministers Amit Shah, Ministry of Home Affairs
(MHA); among others.

India’s First Lavender Festival inaugurated in Bhaderwah, J&K

Union Minister of Science and Technology Dr.Jitendra Singh inaugurated the India’s First Lavender
Festival in the Bhaderwah town in Doda district of Jammu Division of the Indian union territory of Jammu and
Kashmir(J&K).
i.Lavender cultivation contributes to the economic growth and employment of its state.
ii.Council of Scientific and Industrial Research–Indian Institute Of Integrative Medicine (CSIR–IIIM) introduced
lavender farming in Jammu & Kashmir’s Rama, Doda, Kathua, Kishtwar, Rajouri, Udhampur, Pulwama,
Kupwara, Anantnag, and Bandipora districts.
iii.Dr.Jitendra Singh also inaugurated six distillation units for lavender under CSIR-IIIM. CSIR-IIIM also installed
50 distillation units under the Aroma Mission. Three Memoranda of Understanding were signed between
CSIR-IIIM Jammu with Agro Voltic Power, Mussoorie, Lyallpur Khalsa College, Jalandhar, and Fine Fragrance
Power Limited, Mumbai.

Report Errors in the PDF - ebooks@affairscloud.com Copyright 2014-2022 @ AffairsCloud.com 7

 Daily Current Affairs PDF

iv.CSIR-Aroma Mission, under the Ministry of Science & Technology, aims to develop aroma related science
and technology to reach end users such as farmers, industry, and society.

INTERNATIONAL AFFAIRS
WDMMA’s Global Air Powers Ranking (2022): India ranked 6th Globally & 3rd among Air Force
According to the Global Air Powers Ranking (2022), the current ranking of various armed air services across
the globe, released by the World Directory of Modern Military Aircraft (WDMMA), the Indian Air Force (IAF)
has secured the 6th Global Rank.
IAF has emerged as the 3rd strongest Air Force, only after the United States Air Force(USAF) and Russian
Air Force.
Note:
The 2022 ranking has tracked 124 air services, which includes Army, Navy, and Marine branches of service
where applicable, of 98 countries and following a total of 47,840 aircraft.

Global Air Powers Ranking (2022):

Top 5:

Global Rank Air Service TrueValueRating(TvR)

1 The United States Air Force(USAF) 242.9

2 The United States Navy 142.4

3 Russian Air Force 114.2

4 The United States Army Aviation 112.6

5 The United States Marine Corps 85.3

Rankings of Indian armed air services:

Global Rank Air Service TrueValueRating(TvR)

6 Indian Air Force 69.4

28 Indian Naval Aviation 41.2

36 Indian Army Aviation 30.0

Report Errors in the PDF - ebooks@affairscloud.com Copyright 2014-2022 @ AffairsCloud.com 8

 Daily Current Affairs PDF

Highlights of the 2022 ranking:

According to the report IAF has overtaken the Chinese Air Force; Japan Air Self-Defense Force; the Israeli Air
Force; and the French Air and Space Force in terms of strength.
Key Points:
i.WDMMA utilises a formula that accounts for the values related to the total fighting strength of various air
services of the world.
ii.This formula produces the ‘TrueValueRating’ (TvR) which helps to separate each power based on, overall
strength, modernization, logistical support, attack and defence capabilities and others.
iii.The highest attainable TvR score is 242.9 held by the USAF.
Note: The formula produces the ‘TrueValueRating’ (TvR) helping to definitively separate each power based on
– not only overall strength – but modernization, logistical support, attack and defense capabilities and so on.
Overview of the capabilities of IAF:
i.The Indian Air Force currently has 1645 total units in its active aircraft inventory which includes, Fighters
(632 units); Helicopters (438 units); Transports (250 units); Trainers (304 units); Aerial Tankers/Refuelers (7
units); and Special-Mission (14 units).
ii.The United States of America, Russia and France are the Primary suppliers of the IAF.

Central African Republic becomes 2nd country to adopt Bitcoin as legal tender
Central African Republic(CAR) becomes the 2nd country in the world, after El Salvador, to adopt Bitcoin as legal
tender. CAR also became the first African country to adopt Bitcoin as its official currency. CAR has adopted
bitcoin as legal tender along with the existing fiat currency, the Central African Franc(CAF) and established a
legal and regulatory framework for cryptocurrencies on 27th April 2022.
• The CAF, governed by the Bank of Central African States(BEAC) is the official currency of 6 countries
including the Central African Republic.
• CAR’s parliament has adopted a bill to govern the use of cryptocurrency.

AWARDS & RECOGNITIONS

Overview of 75th Cannes film Festival at Cannes, France
On May 17-28, 2022, the 75th annual Cannes Film Festival was held at Cannes, France. Its official poster was
designed as homage to American Film, The Truman Show (1998).

Following are the highlights of the Festival:

India: Shaunak Sen’s Documentary All That Breathes wins L’OEil D’Or Award 2022
An Indian Filmmaker from Delhi, Shaunak Sen’s ‘All That Breathes’ won the prestigious – 2022 L’Oeil d’Or
(Golden Eye) for the best documentary at the 75th Cannes Film Festival. This film had earlier won the World
Cinema Grand Jury Prize at the 2022 Sundance Film Festival.
• Recently, the documentary was acquired by American Television Network, HBO (Home Box Office).
• The award was created in 2015 by French-speaking authors’ society LaScam in collaboration with the
Cannes Film Festival. It includes a cash prize of 5,000 euros.

Report Errors in the PDF - ebooks@affairscloud.com Copyright 2014-2022 @ AffairsCloud.com 9

 Daily Current Affairs PDF

Key Points:
i.Movie Concept– The brothers, regardless of the deteriorating air quality and stifling social issues in the
national capital, devote themselves to rescuing migratory black kites.
ii.In 2021, filmmaker Payal Kapadia had won the award for her documentary, A Night of Knowing Nothing.
Triangle of Sadness wins Palme d’Or 2022
A Swedish comedy movie ‘Triangle of Sadness’ directed by Ruben Östlund won the Palme d’Or award 2022. The
movie also won Prix C.S.T. de l’Artiste-Technicien, 2022 award.
• Its production countries were Sweden, France, United Kingdom, Germany.
• It is for the 2nd time Ruben Östlund’s directed movie won this award. Earlier, his movie ‘The Square’ in
2017.
About Palme d’Or:
It is the highest prize awarded at the Cannes Film Festival.[1] It was introduced in 1955 by the festival’s
organizing committee. It is widely considered to be one of the most prestigious awards in the film industry.
Tom Cruise & Forest Whitaker conferred with Honorary Palme d’Or 2022
An American Actor/Script Writer Tom Cruise, and Actor Forest Whitaker conferred with Honorary Palme d’Or
Award 2022. Tom Cruise’s film Top Gun: Maverick also premiered at the festival.
About Honorary Palme d’Or:
In 2002 the Cannes festival began to occasionally award a non-competitive Honorary Palme d’Or to directors or
actors who had achieved a notable body of work but who had never won a competitive Palme d’Or.
Other Key Awards:

Award Category Movie Country Director

Short Film Palme The Water

China Jianying Chen
d’Or Murmurs

Short Film Special

Lori Nepal Abinash Bikram Shah
Distinction

The Grand Prix (Ex

Stars at Noon France Claire Denis
Aequo)

The Grand Prix (Ex Belgium, France, The

Close Lukas Dhont
Aequo) Netherlands

Jury Prize (Ex The Eight Felix van Groeningen and

Italy, Belgium, France
Aequo) Mountains Charlotte Vandermeersch

Jury Prize (Ex

EO Poland, Italy Jerzy Skolimowski
Aequo)

Decision to
Best Director South Korea Park Chan-wook
Leave

75th anniversary Jean-Pierre Dardenne , Luc

Tori And Lokita Belgium, France
Prize Dardenne
• Award for Best Actor- Song Kang Ho from South Korea for Movie- Broker (South Korea).The film was
directed by KORE-EDA Hirokazu.
• Award for Best Actress- Zar Amir Ebrahimi from Iran for Movie- Holy Spider. Its production countries
were Denmark, Germany, Sweden, France.The film was directed by Ali ABBASI.

Report Errors in the PDF - ebooks@affairscloud.com Copyright 2014-2022 @ AffairsCloud.com 10

 Daily Current Affairs PDF

Other Awards:
• Un Certain Regard: Un Certain Regard Prize – LES PIRES (THE WORST ONES) directed by Lise AKOKA &
Romane GUERET.
• Jury Prize – JOYLAND directed by Saim SADIQ.
• Best Director Prize – Alexandru BELC for METRONOM.
• Best Performance Prize (jointly awarded) – Vicky KRIEPS in CORSAGE directed by Marie KREUTZER &
Adam BESSA in HARKA directed by Lotfy NATHAN.
• Best Screenplay Prize – MEDITERRANEAN FEVER directed by Maha HAJ.
• Coup de cœur Prize -RODEO directed by Lola QUIVORON.
• Caméra d’or WAR PONY directed by Riley KEOUGH and Gina GAMMELL, presented as part of the UN
CERTAIN REGARD Official Selection.
• Special Mention – PLAN 75 directed by HAYAKAWA Chie.
• La Cinef – First Prize :IL BARBIERE COMPLOTTISTA (A Conspiracy Man) directed by Valerio FERRARA,
Centro Sperimentale di Cinematografia, Italie.
• Second Prize: DI ER (Somewhere) directed by LI Jiahe, Hebei University of Science and Technology School
of Film and Television, Chine.
• Joint Third Prize -GLORIOUS REVOLUTION directed by Masha NOVIKOVA, London Film School, Royaume
Uni & LES HUMAINS SONT CONS QUAND ILS S’EMPILENT (Humans Are Dumber When Crammed up
Together) directed by Laurène FERNANDEZ, La CinéFabrique, France
Click Here for Full List of Awards
Important Highlights: India, 1st ‘Country of Honour’ at Cannes Film Market
i.As India and France are marking 75 years of their diplomatic ties, in this context, India has been named the
first ‘Country of Honour’ at Marche du Film or Cannes Market which was also organized alongside Cannes
Festival. This status ensured India’s presence as Focus Country at Marche du Film.
ii.India has been given an opportunity to pitch 5 selected movies at the “Goes to Cannes Section”. These
movies are part of the Work In Progress lab under the Film Bazaar:
1. Baghjan by Jaicheng Zxai Dohutia – Assamese, Moran
2. Bailadila by Shailendra Sahu – Hindi, Chhattisgarhi
3. Ek Jagah Apni (A Space of Our Own) by Ektara Collective – Hindi
4. Follower by Harshad Nalawade – Marathi, Kannada, Hindi
5. Shivamma by Jai Shankar – Kannada
These movies were selected by the Indian Ministry of Information and Broadcasting (MIB), Film Bazaar and
India’s National Film Development Corporation. These films are in post-production, still looking for sales
agents, distributors or festival exposure.
iii.India’s celebration of centenary of Late Filmmaker Satyajit Ray continues at Cannes as his remastered
classic ‘Pratidwandi’ was screened at the Cannes Classic section Cinema de la plage.
iv.India’s participation at this edition of the Cannes Film Festival marked with World Premiere of the Movie
‘Rocketry’ produced by Actor Ranganathan Madhavan.
v.India is also a ‘Country of Honour at the Cannes Next’, under which 5 new Start-Ups were given an
opportunity to pitch to the Audio-Visual Industry. Ten professionals will participate in the Animation Day
networking.
vi.India’s pavilion at the festival was inaugurated by Union Minister Anurag Singh Thakur, MIB which was
focused at branding India as ‘Content Hub of the World‘.
• He also unveiled the poster for 53rd International Film Festival of India (IFFI).
Other Important Highlights:
i.Indian Actress Deepika Padukone served as the jury members of 75th Cannes film Festival along with ranian
director Asghar Farhadi, British-American actress and director Rebecca Hall, French director Ladj Ly, American
director Jeff Nichols, and Swedish actress Noomi Rapace.
• It was chaired by French actor Vincent Lindon.

Report Errors in the PDF - ebooks@affairscloud.com Copyright 2014-2022 @ AffairsCloud.com 11

 Daily Current Affairs PDF

ii.Union Minister Anurag Thakur and his Bangladeshi counterpart Dr Hasan Mahmud jointly released a 90-
second intriguing trailer of the India – Bangladesh co-production feature film on ‘Bangabandhu’.
• The film is named Mujib – The Making of a Nation and has been directed by Shyam Benegal.
Recent Related News:
i.On 16 March, Kotak Mahindra Bank Ltd (KMBL) signed a memorandum of understanding (MoU) with
Business France, a French National agency involved in exports and international investments in France, to
provide support to companies in the Indo-French corridor.
ii.French virologist Luc Montagnier, who led the team in 1983 that identified the human immunodeficiency
virus (HIV) which causes Acquired ImmunoDeficiency Syndrome (AIDS), has died.
About Cannes Festival:
Establishment– 1946
Frequency– Annual
Location– Cannes, France

APPOINTMENTS & RESIGNATIONS

Ex-SBI Executive Natarajan Sundar Appointed NARCL MD & CEO; Karnam Sekar,Malvika Sinha
also Joined in NARCL
Natarajan Sundar has been nominated Managing Director(MD) and Chief Executive Officer(CEO) of the
National Assets Reconstruction Company Ltd (NARCL),the government-backed bad bank. He has been
appointed to replace the incumbent chief executive officer Mr. Padmakumar M Nair.

Key Information
i.Earlier in May 2022, Natarajan Sundar retired as Deputy Managing Director and Chief Credit Officer of State
Bank of India (SBI).
ii.NARCL had appointed Karnam Sekar as independent director and non-executive chairman of the board. He
is a former MD and CEO of Indian Overseas Bank and Dena Bank
iii. Malvika Sinha, retired executive director of RBI, also joined as independent director.
About National Assets Reconstruction Company Ltd (NARCL)
NARCL has been incorporated under the Companies Act and has applied to Reserve Bank of India for licence as
an Asset Reconstruction Company (ARC).NARCL has shareholding from 15 Indian banks, and Canara Bank is
the sponsor bank of this ARC.
• NARCL has been set up by banks to aggregate and consolidate stressed assets for their subsequent
resolution.
• NARCL board has five nominee directors from shareholder banks and independent directors.
• Together with India Debt Resolution Company Ltd (IDRCL), they are presently engaged in completing the
financial and legal due diligence of identified accounts for takeover from lenders, and are expected to
make binding financial offers for a few accounts.

Report Errors in the PDF - ebooks@affairscloud.com Copyright 2014-2022 @ AffairsCloud.com 12

 Daily Current Affairs PDF

Sachin Tendulkar to continue as UNICEF’s Goodwill Ambassador for a record 20th Year
Indian former Cricketer Sachin Tendulkar is set to continue as Goodwill Ambassador of United Nations
Children’s Fund(UNICEF) working towards the welfare of underprivileged children, for a record 20th year. He
has been associated with UNICEF for over 2 decades and played a major role in furthering the campaigns aimed
at the betterment of underprivileged children.
• In 2003, UNICEF selected him to lead the initiative to create awareness and promote polio prevention in
India.
• In 2008, he was roped in to promote hygiene and sanitation among communities and in 2013 he was
appointed as UNICEF Ambassador for South Asia to advocate good hygiene and sanitation across the
region.

ACQUISITIONS & MERGERS

CCI Approves Acquisition Of Shareholding In Hitachi Construction Machinery Co., Ltd.
The Competition Commission of India (CCI) approves acquisition of shareholding in Hitachi Construction
Machinery Co., Ltd. by HCJI Holdings G.K., Citrus Investments, HCJ Holdings 2 G.K., Japan Industrial V – GP K.K.,
and other investors.

Key Information
The below investors proposed to acquire 26% in the Hitachi Construction Machinery Co., Ltd. (“HCM/Target”)
from Hitachi Ltd., on a fully diluted basis. They are
• Citrus Investments LLC (“Citrus”), a wholly owned subsidiary of ITOCHU Corporation (“Itochu”),HCJ
Holdings 2 G.K. (“HCJ Holdings/HCJ HD2”), Japan Industrial – GP, Manalsu, Primrose GP, Shepherds Hill
Partners III Ltd., and Sonora Partners III Ltd. through HCJI Holdings G.K. (“HCJI”).
ii.HCJI is currently a wholly owned subsidiary of Japan Industrial Partners Inc. HCJI was established as a limited
liability company to hold shares in the Target and undertake all business incidental to the same.
• Prior to the Proposed Transaction, HCJI will be jointly held on a 50:50 basis by (a) Citrus; and (b) HCJ
HD2, and will change its corporate form to a stock company.
iii. The ITOCHU Group operates in a comprehensive array of business domains, from upstream areas, such as
transactions involving raw material, to downstream domains, such as retail. Itochu does not have any
subsidiaries/ investee companies active in India.
iv.HCM is listed on the Tokyo Stock Exchange. Its major shareholder and controlling parent company is Hitachi
(holding 51.5 % of the shares in HCM).
v.HCM is engaged in the manufacturing of mining and construction machinery and solution business (such as
development, production, distribution of parts and service solutions as part of the after-sales services for
mining facilities and equipment) globally.
vi.HCM also operates in India through the following subsidiaries and affiliates: (i) Tata Hitachi Construction
Machinery Company Pvt Ltd; (ii) H-E Parts International LLC; and (iii) Bradken India Private Limited.

Report Errors in the PDF - ebooks@affairscloud.com Copyright 2014-2022 @ AffairsCloud.com 13

 Daily Current Affairs PDF

SCIENCE & TECHNOLOGY

59th edition of Top500 : Frontier of US Overtakes Japan’s Fugaku to Become the World’s
Fastest Supercomputer
According to the 59th edition of Top500 list of world’s most powerful supercomputers was announced at the
International Supercomputing Conference 2022 in Hamburg, Germany, ORNL’s Supercomputer, ‘Frontier’
from US (United States), a supercomputer built using Hewlett Packard Enterprise (HPE) architecture and
equipped with Advanced Micro Devices (AMD) processors, outperformed Japan’s Supercomputer Fugaku to
become the world’s fastest supercomputer.

Top 5 World’s Fastest Supercomputers:-

1. Frontier,
2. Fugaku,
3. The new LUMI system, another HPE Cray EX system installed at EuroHPC center at CSC in Finland,
4. Summit, an IBM-built system at ORNL in Tennessee, USA,and
5. Sierra, a system at the Lawrence Livermore National Laboratory, CA, USA
The supercomputer – Frontier
The supercomputer – Frontier, which was built for the US Department of Energy’s Oak Ridge National
Laboratory (ORNL), has broken the exascale speed barrier with a Linmark benchmark score of 1.1
exaflops, making it the world’s first supercomputer to do so. Whereas, 1 exaflop is equivalent to 1,000
petaflops
• Frontier features a total of 8,730,112 cores and is designed on the newest HPE Cray EX235a architecture
with AMD EPYC 64C 2GHz processors.
• Frontier is also ranked number one as the world’s most energy-efficient supercomputer, on the Green500
list.
The supercomputer Fugaku
The supercomputer Fugaku, installed at the RIKEN Centre for Computational Science in Kobe, Japan, has a
Linmark benchmark score of 442 petaflops.
• Fugaku, developed in 2020 by RIKEN and Fujitsu Ltd., topped the supercomputer High-Performance
Conjugate Gradient (HPCG) benchmarking index and Graph500 BFS (Breadth-First Search) and has also
taken second place for the TOP500 and HPL-AI rankings. .
• Fugaku, the second-most powerful supercomputer in the world, now boasts 7,630,848 cores.
Note – In its previous listing as of November 2021, India’s highest ranking in the supercomputer list came in at
102, with the Param Siddhi-AI.

Indian Navy commissioned ALH MK III Squadron INAS 325

Indian Naval Air Squadron (INAS) 325, operating the indigenously built Advanced Light Helicopter (ALH) MK-
III aircraft, was commissioned into the Indian Navy during an event in an Indian Naval Ship (INS) Utkrosh,
Port Blair of Andaman and Nicobar Island.

Report Errors in the PDF - ebooks@affairscloud.com Copyright 2014-2022 @ AffairsCloud.com 14

 Daily Current Affairs PDF

• Lieutenant General Ajai Singh, Ati Vishisht Seva Medal (AVSM), Commander-in-Chief, Andaman and
Nicobar, has commissioned the Indian Naval Air Squadron (INAS) 325 into the Indian Navy.
i.The newly inducted aircraft flew for the first time over the Andaman Islands earlier and were officially
inducted on January 28, 2022.
ii.The ‘Eagle Owl’ is the name of the Indian Naval Air Squadron (INAS) 325. The Squadron derives its name for
the keen sense of observation and tracking of the eagle is exemplified in the sensors and advanced avionics of
the helicopter, while the nocturnal prowess of the owl is personified in the night vision capabilities of the
aircraft.
iii.The state-of-the-art multi-role helicopter has been developed and manufactured by Hindustan Aeronautical
Limited (HAL), Bangalore,Karnataka. ALH is also known as the Dhruv helicopter or HAL Dhruv.
iv.The helicopter has surveillance radar, EO/FLIR, homer, high-intensity searchlight and a removable Medical
Intensive Care Unit for the Air Ambulance role. They are primarily meant for use in long-range Synthetic-
aperture radar (SAR) and Maritime Security.

SPORTS
FIH World Ranking 2022; Indian Women hockey team ranked 6th; Men’s Team Ranked 4th
International Hockey Federation’s (FIH – Fédération Internationale de Hockey) World Rankings 2022 has
ranked the Indian Women’s Hockey team, at the 6th position, for the first time, with 2029.396 points. The
women’s ranking is topped by the Netherlands (Rank 1) followed by Argentina (rank 2) And Australia (rank 3).
Indian Men’s Hockey Team has slipped to the 4th rank in the FIH World Rankings 2022.

• Australia (rank 1) tops the list followed by Belgium (rank 2) and The Netherlands (Rank 3)
Top 3 in FIH World Ranking 2022
Rank Country Points
Women
1 The Netherlands 3049.495
2 Argentina 2674.837
3 Australia 2440.75
6 India 2029.396
Men
1 Australia 2842.258
2 Belgium 2764.735
3 The Netherlands 2465.707
4 India 2355.296

Report Errors in the PDF - ebooks@affairscloud.com Copyright 2014-2022 @ AffairsCloud.com 15

 Daily Current Affairs PDF

Click here to access the 2022 FIH World Ranking

Additional info:
Following the approval of FIH Executive Board, the new World Ranking model took effect on 1st January 2020.
The new match system involves an exchange of points between the 2 teams competing in each match played.
The number of points exchanged depends on the result of the match, the relative ranking of the teams and the
importance of the match.
About International Hockey Federation(FIH):
President– Dr Narinder Dhruv Batra
CEO– Thierry Weil
Headquarters– Lausanne, Switzerland

Para Canoeist Prachi Yadav wins Bronze at 2022 ICF Paracanoe World Cup; Becomes 1st Indian
to win World Cup Medal
Indian Para Canoeist Prachi Yadav (from Gwalior, Madhya Pradesh) has won the bronze medal in the women’s
VL2 200m event at the 2022 ICF Paracanoe World Cup, held from 26th May to 29th May 2022 in Poznan,
Poland.

She has become the first-ever Indian to win a medal in the International Canoe Federation(ICF) World Cup.
• Prachi Yadav won the bronze with a timing of 1:04.71 seconds where Susan Seipel of Australia won the
gold with a timing of 1:01.54s and Brianna Hennessy of Canada (1:01.58s) won the silver.
Note: ICF has also organised the 2022 ICF Canoe Sprint World Cup from 26th May to 29th May 2022 in Poznan,
Poland.
About Prachi Yadav:
i.Prachi Yadav was the first para-canoeist from India to qualify for the 2020 Tokyo Paralympics.
ii.She won the gold medal in VL2 200m at the 2022 Asian Canoe Confederation (ACC) Paracanoe Asian Para
Games Qualifiers held in Pattaya-Rayong, Thailand.
Additional info:
i.India’s Manish Kaurav and Manjeet Singh made it to the finals of KL3 men 200m and VL2 men 200m, for the
first time in the history of the tournament.
ii.Jaideep qualified for the semifinals of the VL3 men’s 200m event but did not progress further.
About International Canoe Federation(ICF):
President– Thomas Konietzko(Germany)
Headquarters– Lausanne, Switzerland

Report Errors in the PDF - ebooks@affairscloud.com Copyright 2014-2022 @ AffairsCloud.com 16

 Daily Current Affairs PDF

IMPORTANT DAYS
International Week of Solidarity with the People of Non-Self-Governing Territories 2022 – 25th
to 31st May
The United Nations (UN)’s International Week of Solidarity with the People of Non-Self-Governing
Territories is annually observed across the globe from 25th May to 31st May to highlight the efforts to
safeguard and guarantee the rights of the peoples of the Non-Self-Governing Territories to their natural
resources, including land.

• The day also aims to establish and maintain control over the future development of those resources.
The 2022 International Week of Solidarity with the People of Non-Self-Governing Territories is observed
from 25th May to 31st May 2022.
Background:
i.In December 1999, the United Nations General Assembly(UNGA) adopted a resolution A/RES/54/91, declared
to annually observe the Week of Solidarity with the Peoples of Non-Self-Governing Territories, beginning on 25
May.
ii.The first-ever International Week of Solidarity with the People of Non-Self-Governing Territories was
observed in 2000, from 25th May to 31st May 2000.
What are Non-Self-Governing Territories?
The UN charter defines a Non-Self-Governing Territory as a Territory whose people have not yet attained a full
measure of self-government.
History:
i.In 1946, Australia, Belgium, Denmark, France, the Netherlands, New Zealand, the United Kingdom(UK) and
the United States of America(USA) listed 72 Territories under their administration, which they considered as
non-self-governing territories.
ii.Out of the 72 territories, 8 became independent before 1959.
iii.In 1963, the UNGA approved a revised list of 64 Territories to which the 1960 Declaration on Decolonization
was applied.
iv.Between 1960 and 2002, 54 Territories attained self-government and as of May 2022, there are 17 Non-Self-
Governing Territories remaining.
International Decades for the Eradication of Colonialism
i.2022 is a part of the Fourth International Decade for the Eradication of Colonialism (2021 – 2030).
ii.In 1990, which marks the 30th anniversary of the Declaration on the Granting of Independence to Colonial
Countries and Peoples, the UNGA declared 4 consecutive international decades for the eradication of
colonialism (1990 – 2000; 2001 – 2010; 2011 – 2020 and 2021 – 2030)
• The Declaration on the Granting of Independence to Colonial Countries and Peoples was adopted by the
UN in December 1960.

Report Errors in the PDF - ebooks@affairscloud.com Copyright 2014-2022 @ AffairsCloud.com 17

 Daily Current Affairs PDF

Global Day of Parents 2022 – June 1

The United Nations(UN)’s Global Day of Parents is annually observed across the globe on 1st June to honour
and appreciate the parents across the globe and to create awareness about the importance of quality parenting
and family life in every child’s upbringing.

• The observance of the Global Day of Parents emphasises the critical role of parents in the rearing of
children and recognises the family has the primary responsibility for the nurturing and protection of
children.
The theme of Global Day of Parents 2022 is “Appreciate All Parents Throughout the World”.
Background:
i.The United Nations General Assembly(UNGA) adopted the resolution A/RES/66/292 on 17th September
2012 and proclaimed the 1st June of every year as the Global Day of Parents.
ii.The first ever Global Day of Parents was observed on 1st June 2013.
Significance:
Global Day of Parents offers a platform to appreciate all parents for their “selfless commitment to children and
their lifelong sacrifice towards nurturing this relationship”.
Parenting:
Parenting, taken on by a mother, a father, a grandparent, a sibling or another relative, or another adult, is the
job of providing nurturing care throughout childhood, preparing children to live in society.
UN’s Focus on Issues Related to Family:
In 1983, the Commission for Social Development requested the UN Secretary-General to enhance awareness
among decision-makers and the public of the problems and needs of the family, as well as effective ways of
meeting those needs in its resolution on the Role of the family in the development process (1983/23).
Other Related observances:
i.In 1989, UNGA adopted a resolution and proclaimed the year 1994 as the International Year of the Family.
ii.In 1993, UNGA adopted a resolution and decided to annually observe 15th May as “International Day of
Families”.

World Milk Day 2022 – June 1

World Milk Day is annually observed across the globe on 1st June to recognize milk as global food and to
celebrate the dairy industry. The day aims to create awareness about the benefits of milk and dairy products
highlighting the contribution of Dairy industries in providing livelihood to billions of people across the globe.
• The annual observance of World Milk Day is led by the Food and Agriculture Organization of the United
Nations(FAO).
The theme of World Milk Day 2022 highlights the work being done to accelerate climate action and help reduce
the impact of the dairy industry on the planet.
• The World Milk Day offers a platform to create awareness of the messaging and actions towards Dairy
Net-Zero.
Background:
i.World Milk Day was established by the FAO in 2001 to recognize the importance of milk as a global food.
ii.The first-ever World Milk Day was observed on 1st June 2001.

Report Errors in the PDF - ebooks@affairscloud.com Copyright 2014-2022 @ AffairsCloud.com 18

 Daily Current Affairs PDF

Why June 1?
June 1 was chosen for the observance of World Milk Day since several countries across the globe celebrate a
national milk day on or around June 1.
Enjoy Dairy Rally May 29 – May 31
i.As a part of the observance of the World Dairy Day 2022, the Enjoy Dairy Rally was organised from 29th May
to 31st May 2022, culminating with World Milk Day.
ii.The Enjoy Dairy Rally celebrates the Nutrition, Communities and Enjoyment in each day.
Key Points:
i.More than 150 million households across the world are involved in milk production.
ii.In several developing countries, milk is produced by smallholders and milk production contributes to
household livelihoods, food security and nutrition.
iii.The production of milk across the globe has increased by more than 59%, from 530 million tonnes in 1988 to
843 million tonnes in 2018.
iv.India is the world’s largest producer of milk, with 22% of global production, followed by the United States of
America(USA), China, Pakistan and Brazil.
About Food and Agriculture Organization of the United Nations (FAO):
Director-General- Qu Dongyu
Headquarters– Rome, Italy

STATE NEWS
TN Government Signs MoU with IPPB For Pensioners’ Digital Life Certificate
The Tamil Nadu (TN) government has signed a Memorandum of Understanding (MoU) with the India Post
Payments Bank (IPPB) to obtain life certificates from pensioners through the Postal Department’s Door Step
Services.

• The MoU was signed in the presence of Dr.Palanivel Thiaga Rajan, TN’s Minister for Finance and Human
Resources Management, in Chennai, TN.
Background:
Presently, pensioners and family pensioners can muster using one of the following methods: Direct Mustering

Report Errors in the PDF - ebooks@affairscloud.com Copyright 2014-2022 @ AffairsCloud.com 19

 Daily Current Affairs PDF

(physical appearance); Submission of a Life Certificate via Post; and Submission of a Digital Life Certificate
(DLC) via the Jeevan Pramaan Portal utilising a biometric device.
• The mustering process is mainly aimed at verifying life certificates of pension beneficiaries and linking
these certificates with Aadhaar cards.
During the last two years, exemption from annual mustering was granted due to the COVID-19 pandemic.
Key Points:
i.The TN Government has issued orders for five modes of Annual Mustering from July to September 2022,
including the IPPB’s Door Step Services for obtaining Digital Life Certificates through the Jeevan Pramaan
Portal, to relieve the old aged pensioners and family pensioners of the burden of coming in person.
ii.As per the MoU, the India Post Payments Bank (IPPB) would provide Door Step Services at a cost of Rs.70/-
per Digital Life Certificate.
• Every year, around 7,15,761 TN government pensioners and family pensioners submit their life
certificates for annual mustering during the months of July, August, and September.

Delhi Customs Inaugurates Project ‘NIGAH’ at ICD Garhi Harsaru, Gurugram, Haryana
Surjit Bhujabal, Chief Commissioner, Delhi Customs Zone, inaugurated the Project ‘NIGAH’ at Inland Container
Depot (ICD) Garhi Harsaru, Gurugram, Haryana. Project ‘NIGAH’ is an initiative to track containers by using
ICTM (ICD Container Tracking Module) which will enable better visibility of the container movement inside the
ICD.
• This will assist Customs to expedite long standing containers and monitor timely clearances and enhance
Ease of Doing Business along with ensuring lead preventive checks.
• ICTM was developed in collaboration with M/s. Gateway Rail Freight Limited (GRFL).

Rajasthan Approves New Guidelines for Indira Gandhi Shahari Rozgar Yojana Implementation
Ashok Gehlot, Chief Minister(CM) of Rajasthan, has approved the new guidelines for the implementation of
“Indira Gandhi Shahari Rozgar Yojana”, which was announced by the CM in the 2022-23 budget to provide
employment in urban areas on the lines of the Mahatma Gandhi National Rural Employment Guarantee Act
(MGNREGA).
• Under the new urban employment scheme, families residing in urban areas will get 100 days of
employment per year. The Rajasthan govt will spend around Rs 800 crore per year on this scheme.
• Under these new guidelines, People of the age group 18 to 60 years residing in the local body area will be
registered on the basis of Jan Aadhaar card.
• The work will be approved and executed through state and district level committees under the scheme.

 List of Less Important News – Click Here

 Click Here View – AC Excluded News

 Affairscloud’s Self Analysis for General Awareness Section

Report Errors in the PDF - ebooks@affairscloud.com Copyright 2014-2022 @ AffairsCloud.com 20

 Daily Current Affairs PDF

Report Errors in the PDF - ebooks@affairscloud.com Copyright 2014-2022 @ AffairsCloud.com 21

 Daily Current Affairs PDF

Report Errors in the PDF - ebooks@affairscloud.com Copyright 2014-2022 @ AffairsCloud.com 22

 Daily Current Affairs PDF

Report Errors in the PDF - ebooks@affairscloud.com Copyright 2014-2022 @ AffairsCloud.com 23